Another reason for governments to completely shut down Bitcoin.
Why would anyone be afraid of Booker?.....................
A government that can make you report your foreign bank accounts can make you report your cryptocurrency holdings.
Right now people in Illinois are required under penalty of law to report the possession of certain guns to that state. This I feel is a violation of the Amendment IV right to be secure in the possession one’s stuff. The reporting is obviously meant to create a future confiscation list.
“decentralized blockchains of information”
Routers could be made to form metropolitan wide networks.
Some Germans stuffed money in Swiss bank accounts hoping to beat the German tax collectors.
They were betrayed by a Swiss bank employee.
“new social media networks”
My Democratic neighbors now have a grandson. When I go to Facebook I see one picture of the kid, two pictures of unknown females and lots of ads.
Unless this separate internet has its own cables, satellites, network hardware, etc. I think globalists could still shut it down.
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If Block Chain technology can stop government discovery and censorship, how does the average American consumer find and use the same information?
How does the average consumer know which products or financial services offered on the Block Chain are legitimate, or a fraudulent scam?
As to Bitcoin, what average consumer is going to buy or hold a crypto currency that fluctuates 5%-10% every week?
Block Chain - five years after I first read about it, I still have no idea who is using it, besides criminals and speculators.