Posted on 03/08/2022 5:59:42 PM PST by delta7
There won’t be any fleeing to another country to escape I think. When the switch happens, it will happen everywhere.
Maybe there will be some community in the interior of a jungle you could hide in I guess.
It’s not going to happen, and I’m willing to make a friendly bet on it.
They’ll regulate it like other investments, but not ban it.
“Three letters: VPN.”
VPN in no mystery and costs zero these days. Get free Proton VPN. I have it and never even turn it on. Though, I will use it to get a new Gmail account without giving a phone number.
The free Proton VPN might be basic. I don’t know. Free means your VPN is routed through three choices. USA/ Dutch/ Japan servers. No torrents allowed, though with Windscribe VPN you can get free 10GB/month torrenting.
Not necessarily. Technically yes, but many are located in countries that don’t have extradition or prosecution agreements with the US and refuse any requests. They reply to such requests with “we don’t log access and use, so there are no records to give you and you can’t make us.”
I am wondering what your imagination is telling you about an EMP?
Even the largest solar flare in post-morse code time took out a few hundred miles of telegraph line. Not exactly world ending.
To facilitate an EMP on the North American continent would require many (five to ten) nuclear explosions high over the land. How do you think that would turn out for the world.
Your comment sounds good. But it reflects a thought process that does not include the impact of a natural event, or the “what then” aspect of a man made event.
As long as their are six computers in the world that have bitcoin nodes, the block chain can be propagated in minutes.
Its a tad bit more robust than a power surge.
People who write articles like this do not understand crypto. It's hillarious to read. It reminds mean of the people that that say I am for blockchain, but against Bitcoin. Bitcoin is blockchain. It's the original blockchain. This is very basic, and they do not understand that.
Anyhow, let me give you the basics that these fools do not understand for people struggling to understand this.
1) Crypto currency is not tangible like U.S. dollars. You cannot hold it physically in your hands. It exists in a virtual world on Digital Ledger. The Ledger is on millions of computers around the world. People saying the government can seize crypto is like saying saying government will seize the Internet. How can you seize something that is virtual and you cannot touch? Shutting down Bitcoin or other crytos is not possible unless you shut down the entire internet.
2) Cryto currency is decentralized. That means you it's users do not have to go though a bank, a centralized Exchange or some other middle man to send or receive crypto currency to each other. Thus, they can send crypto directly to each other simply on any computer, tablet or smart phone around the world. Much like sending an email to each other.
3) There are Centralized Exchanges and Decentralized Exchanges. The Centralized Exchanges work within a local countrie's laws, regulations, etc.. The dencralized Exchanges do not.
4) The are only 3 ways a government can take crypto from a user. The first possible would be at a centralized exchange where the use left all of their crypto on the Exchange, and the centralized Exchange agreed to do it. The second way is if the user gives the governement their private keys. The third and last is if the the government steals the private keys (24 words). The above cannot happen if a user moves their crypto into a private wallet or a decentralized exchanges.
5) Cypto currencies never really leave a Ledger. The cypto is simply recorded and moves into different accounts on the virtual ledger via a hash key (64, 128 or 256 bit key).
6) Crypto currencies are a computer program running. It can't be controlled in other words. They are following a computer protocal.
7) There is not 1 blockchain. There are thousands. This simply means it's virtually impossible to track, identify and keep a record of who is who on all the Ledgers around the world.
8) The centralized banks do not know how to make crypto or maintain it. They are actually go to others to make their CBDCs that will operate on their own seperate tacking platform. Because it will track people it will not sell, and drive people into crytpo currencies.
9) The U.S. does not control the world finances. Thus any strong hold move they make will make crypto currencies stronger, and only apply to U.S. users. It will accelerate the death of the dollar going against it.
10) The best move they can do is work with it. This is because they cannot control the virtual world computer programs that are around the entire planet. Furthermore, some of it is offline and not evern accesable. Moreover, centralized exchanges doing this will run out their users, shrink, and possibly go out of business if they give up a users holdings.
That was the original purpose of Bitcoin is so that people do not lose their purchasing power. For the record, if governments could really shut down Bitcoin, then it would have happened a long time ago. The people who write articles like this are most likely invested in something else. Thus, that is why they do not even understand the very basics of crypto currency.
Gold is money, and nothing else.
“Technically yes, but many are located in countries that don’t have extradition “
Maybe I’m paranoid and anyway I don’t have any transactions I’d like to hide, but big brother would know of the foreign-country VPN sites and could consider me suspicious if I used them.
They can have endpoints inside the US that they own, or you can do some fun with chaining VPN connections together as it is possible to run a VPN inside a VPN. Not efficient, but still doable.
Gold is money, and nothing else.
—————
….and insurance. People have life insurance, car insurance, home insurance, health insurance…..why not currency insurance? Unlike paper, PM’s can never ( at least not in 2,000 years) go to “ zero”, unless of course it is stolen.
Gold is an insurance on your purchasing power today.
When virtual money (Bitcoin ETAL) finally takes on a real form, they will be minted using a silver/Unobtainium alloy.
Greenies prevail
The only good greenie is a dead greenie
This includes your neighbor across the street
“He will cause EVERYONE to have the number of the beast...
Out of how many total miles in the world?
What percentage of phone lines need to die to kill the net?
Yes, as simple electrons, they are indeed "untouchable by governments".
But the flesh and blood who traffic in them are in no sense untouchable, and I expect the touching to begin quite soon.
Bitcoin has a real but very transient form.
Bitcoins are physical during the process where they are electrons being transferred from one electronic ledger to another. Physical reality is very short lived and irrelevant as a necessary transition from ledger to another
1 Electron Mass (me) is equal to 9.109389699E-31 kilograms,
Telegraph systems all over Europe and North America failed, in some cases giving telegraph operators electric shocks.[22] Telegraph pylons threw sparks.[23] Some telegraph operators could continue to send and receive messages despite having disconnected their power supplies.[24]
Some telegraph lines seem to have been able to produce a sufficient geomagnetically induced current from the electromagnetic field to allow for continued communication with the telegraph operator power supplies switched off.[25] The following conversation occurred between two operators of the American Telegraph Line between Boston and Portland, Maine, on the night of 2 September 1859 and reported in the Boston Traveler:
Boston operator (to Portland operator): "Please cut off your battery [power source] entirely for fifteen minutes."
Portland operator: "Will do so. It is now disconnected."
Boston: "Mine is disconnected, and we are working with the auroral current. How do you receive my writing?"
Portland: "Better than with our batteries on. – Current comes and goes gradually."
Boston: "My current is very strong at times, and we can work better without the batteries, as the aurora seems to neutralize and augment our batteries alternately, making current too strong at times for our relay magnets. Suppose we work without batteries while we are affected by this trouble."
Portland: "Very well. Shall I go ahead with business?"
Boston: "Yes. Go ahead."
The conversation was carried on for around two hours using no battery power at all and working solely with the current induced by the aurora, and it was said that this was the first time on record that more than a word or two was transmitted in such manner.[26]
In June 2013, a joint venture from researchers at Lloyd's of London and Atmospheric and Environmental Research (AER) in the United States used data from the Carrington Event to estimate the cost of a similar event in the present to the U.S. alone at US$0.6–2.6 trillion,[3] which at the time equated to roughly 3.6% to 15.5% of annual GDP.
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