pull down to refresh
A brief summary of the video:
crypto
crypto
a mention about Trump supporting bitcoin (this is the only mention of bitcoin)
crypto
binance
stable coin
exchanges
fiat money and regulation
black box
exchanges
tokens
billionaires
shitcoin
"we need to know where, how, and to whom the money goes"
Nothing, not even a single mention of bitcoin. Between the lines, they criticize permissionless and anonymity only as antagonists to regulation.
This is what I always see when someone criticizes bitcoin—it's not really about bitcoin after all.
Between the lines, they criticize permissionless and anonymity only as antagonists to regulation.
And make the point that regulation is important, because it is... except I don't think they really explained why.
it's not really about bitcoin after all.
Of course not.
Last week, I was reading through Zeke Faux's Number Go Up and Ben McKenzie's Easy Money...both authors clearly feel that most transactions should be reported to the government and that it is a bad thing if a person can move money in a way that governments can't track.
This reflects the general attitude I've seen among the average US people I meet. We are at the point where saying that the government should not be able to track all our monetary movements is tantamount to saying taxation is theft -- the wider public views both as radical statements.
All this means is that we shouldn't be surprised when the general populace sides against freedom.
To quote Solzhenitsyn
“And he who is not sufficiently courageous to defend his soul — don’t let him be proud of his ‘progressive’ views, and don’t let him boast that he is an academician or a people’s artist, a distinguished figure or a general. Let him say to himself: I am a part of the herd and a coward. It’s all the same to me as long as I’m fed and kept warm.”
As we saw in the grand social experiment of 2020, there's a whole segment of the population that really would be fine with enslaving themselves.
This is why the the Cypherpunk Manifesto said we'll just do it whether you like it or not, because it's necessary whether you understand it or not.
Consistent with the theme that everything leftist cry about is projection.
Their networks, international banking and corporations, offer them nearly perfect privacy... blind trusts, shells, patronage schemes, politcal donations, and so on, all on private ledgers that require massive resources to even attempt to introspect.
Tracking large scale flows is pretty much impossible in the fiat system. Terrible for national security of sovereign states and political opposition.
And you, the individual, can't use their network without revealing yourself to them. Terrible for individual liberty and mounting resistance.
Bitcoin flips this on its head.
As an open ledger, blind trusts and corporate shells mean nothing... white hats can track the provenance and destination large movements regardless of how sharded and opaque the entities are. Great for national security monitoring of hostile states and cartels.
Yet, because the network is permission-less, CR, seisure-proof, individuals and grassroots organizations can get on the first rungs of the ladder. Bitcoin is weaponized neutrality.
sanctions against nations and thus innocent people that happen to be born [1] in Cuba, Iran or North Korea [2]. The majority cannot get out of these systems
Great point
This video also shows why these people hate bitcoin conceptually, even without Trump. It literally defends KYC, AML, sanctions compliance and interestingly.. CoI (made me laugh).
But let's ask these do-gooders how they feel about comprehensive sanctions against nations and thus innocent people that happen to be born [1] in Cuba, Iran or North Korea [2]. The majority cannot get out of these systems.
Bitcoin fixes that, no matter what these lil boys say or do. No matter how many politicians they influence. No matter how many hardons for oppression they erect throughout the world.
They can come and take it.
last time I checked, we don't get to choose where we are born. ↩
Note that these sanctions were done by resp. Kennedy, Carter and Truman, to name 3 Democrats. ↩