Ron Paul is of the belief that the government is going to go after Bitcoin. His view is that it simply is not into giving freedom to any members of the population.
In this video I discuss how we all love bull markets and getting lots of attention from the non-crypto world. However, perhaps it best to put our heads down while building. There is a lot of benefit to "flying under the radar".
▶️ 3Speak
I'm sure Governments are scared. At least Bitcoin is pretty easy to trace but some of the new cryptos that are intended to be anonymous with anonymous transactions is going to cause some real concerns about illegal activity as well as just old tax evasion.
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Diem (Libra) might actually be a bigger threat to governments than Bitcoin.
It will be interesting to see what comes out of all this. As I said, as long as we keep pushing things wider, we can change things completely.
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Do you think that getting a credit now will blow back big time due to these plans for deleting all credits for maximum control over the individuum?
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Yes I do. My sense is desperation is setting in. With bond markets freezing up, this is going to make it very tough for governments to keep funding things the way they did in the past. This is especially true for the EU. The ECB really finds themselves in a corner.
One of the biggest threats of CBDCs is the fact that it is very easy for central banks/governments to go to negative interest rates. This is meant to force money out of people's hands. Failure to do so will result in people getting a haircut.
If the governments do default on their debts, we could well be looking at them trying to find other ways to fund their activities. In the US the Social Security system is a safety net that people pay into to aid them in their retirement. However, the system is really just a ponzi scheme, since the money paid today is used to pay out to existing retirees.
We can envision something like this with all retirement accounts. Got a healthy amount of money in there, the government will take it over and "administer" it. They will likely start with some sort of plan where those who choose to have their debt erased will "opt in" to this system.
It is always a good idea to be debt free but a better one right now. Those carrying debt that they cannot service could be facing some major difficulties.
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I have tons of respect for Ron Paul. I think he has a point about what government will want to do. I don't think they'll be able to do. Venezuela tried to band mining and now they have their own national mining pool run by government.
Banning will fail - then they'll try regulation. We need to build the tech fast enough before they can adapt their bureaucracies and become financially independent from central banks.
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This is very true. We do need rapid development across the board. We also need development to take place that drives things to be more resilient and decentralized. This is the only way to keep up this battle.
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over the years we have listened to many people who denigrated Bitcoin ... then they had to admit that they were wrong.
Pathetic
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In France they have a very nice expression for that: "pour vivre heureux vivons cachés"...To live happy, live hidden 😉
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This video is jumbled man.
You make the case for government as gatekeeper and then say that the best way to win is to hide and build unnoticed.
When before, mainstream attraction is what everyone agreed is (was) the goal.
Then you rightfully make the point that big tech have really the greatest power over society. Well this technology still depends on them you know. The mantra of "decentralised is censor resistant" is treated as some 'safe space' but it would be interesting to know a detailed report from the likes of @blocktrades or @peakd ...
WHAT AND HOW IS STORED WHERE?
Because recently there was a bug of images not displaying or uploading. Which points to an issue on some (non-chain) server hosting that content (temporarily but an issue). So then if hypothetically this chain becomes significant and government or big tech sees it a threat. Then what type of system is it going to be if all there is is text held as immutable and everything else is broken?
If ultimately this is still pegged to big tech then it's really not disruptive or significant as a competitor.
People don't appreciate my opinion because I'm "pessimistic" but really those are fundamentals that are paramount to the future of this technology. They are issues THAT WILL ARISE and so they are issues that need fixing or at the least serious attention.
They aren't issues NOW because this is just not big enough to be a bother to both gov and bigtech. That's the goal though no? So then logic will ultimate mean there's a storm coming that people here aren't ready for. The entire crypto sphere really.
That is IF..
This tech gains significant market share.
Which, IMO, is a long way away. Anyway at least you, and Dan now agree that there is much building to be done still. When not only a few months ago, you both were claiming "it's finished ready for mainstream." Dan even claiming "Hive is a popping Island."
It's a long road.
Tech is still speculative.
Reality however is definitive.
Without a doubt, I agree with you 100% on this. There is something coming that people are not prepared for, both within the crypto world and outside. However, focusing upon that, few realize the force that we are going to be butting up against. Power is not something anyone give up freely and there is a lot of it held by a handful of poeple.
Government is a problem, but then again so is big tech. That is the first battle that we see forming. Who will win that is anyone's guess but with the way these tech companies are acting, I think they know the field is in their favor. They usurp any single government since national boundaries do not apply to them.
As for the point you bring up about Hive and the different components, I also agree with you. There is a lot that still needs attention. Simply having a blockchain doesnt make anything decentralized. We still have URLs that can be zapped, images stored on cloud which is run by a few companies, and even an internet access that is controlled by a few companies.
Even the DeFi world, mostly housed on Ethereum, could pretty much be obliterated by Amazon since a great many of the apps are actually housed on AWS.
Yes there is still a lot of building to be done. Hive can pop to great heights and still be a rounding error on the Internet. An explosion to 100K users (which is likely a 10x) is still nothing online. With Facebook entering the fray with their Diem token, that is a new target. Is this a sign of Zuckerberg's confidence that he is above the governments? Perhaps. Sure they pulled back a bit after the resistance in Europe but that did nothing to stop his march forward. I feel this will put a new target out there in addition to Bitcoin.
Something like Hive, even at 100K users (or even a million) still is under the radar. It will be a few years before even the hybrid financial system of Defi with centralized, traditional apps over the top of them becomes mainstream. Social media, gaming and things like that could change quickly but, again, compared to EA sports, there is still a ton to do.
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Videos and pictures do not have a decentralized system ... i hope hive users don't tell people "hive is a censorship resistent way to store pictures or videos" because it's certainly not true.
The realm of video has been historically much more sensitive ... way more than pictures... but it's way way more expensive to host video and there have been much more consistent picture hosting sites than video hosting.
I think there needs to be more options for picture/video hosting for example I myself usually link pictures from my own website instead of upload to peakd. I have pushed for giving our users options for where they want their pictures stored when they upload a picture for example. IF one of those systems was some sort of decentralized storage then that's awesome we shall see what becomes available maybe @fulltimegeek is working on something i hear?
In any case we may not have the present tech for censorship resistent if you stipulate it has to be free to the user... BUT what we could do is decentralize by giving users their own choice. But with choice means you're giving the user responsibility and they sometimes hate the work involved with that. But perhaps something easy to use essentially asking the user "Who do you trust" that level of decentralization in my opinion is a big step forward.
But then ... how do we get the time to work on it or where do we find someone to contract out to do that work without disrupting the other work @asgarth is doing on peakd.
All your videos are good but this one is lit. I mean you laid it out perfectly what's going on & why decentralized platforms are vital. I haven't even gotten to the end yet. Wow!
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It's a strong possibility but the government will most likely target major businesses and exchanges and make sure they adhere to tax policies, while also attempting to track tax avoiders. For the worst case scenario, It's unlikely that the US would outright ban and seize people's crypto.
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Sure they are going to do through the easiest point of access to reap what they can. As I said in the video, even during the 1930s, they didnt go door to door taking people's gold. Instead they opted to hit the banks and take the holdings there. Those who kept their gold in a coffee jar in the back yard were safe.
I prefer the word outlaw. Banning, to me, means they could actually stop it which they cannot. They can outlaw it like did with marijuana yet that accomplished little.
Crypto cannot be stopped but they can make life difficult on people. This is going to be interesting to see how the different governments deal with it.
I look to those attacked by the west to actually lead the charge. Crypto is getting popular in place like Iran and Venezuela. It will not be the west leading the charge.
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It really wouldn't surprise me if they give it a try, they will stop at nothing to keep the power they have over us. It may be a good idea to have it stored offline. Good to have some cash, gold, and guns! (I sold all of mine)
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Can you give us links to articles where the World Economic Forum talks about the financial reset?
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All the ideas of the WEF are located here.
A lot of stuff.
https://www.weforum.org/reports
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Where's the smoking gun regarding the reset of all debts and thus wiping out all assets? What entity would be capable of doing such a thing?
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It all relates to the debt. The world is approaching $300 trillion in debt. The bond markets for Japan is already cooked and the EU is right there. They cannot finance their spending. This is a major problem for them and other countries. The UK's 2YR just went negative for the first time. How long until the market pushes the US lower.
It is no secret that Trump didnt play well with others. With Biden entering, the international community is going to be able to implement their plans.
Raoul Pal talks about how central banks are going to reset their currencies in unison. Why would they do this? Because if anyone defaults on their debt, its currency gets obliterated. However, if a number of countries do it at the same time, everyone is on par. Of course, this kills the FX market.
All assets are not going to be wiped out, just those of the debtors. The governments are still going to need funding and after defaulting on their debt, investors aren't going to have confidence in the bond market for a number of years. Thus, they are going to have to do what they do best: pillage.
This is all part of the ideas of guys like Klaus Schwab, the head and founder of the WEF. So what you are looking at is a collective effort of the EU, Canada, and the US along with the central banks and IMF.
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So, we have a handful of centralized shitheads coming together in the belief that they can fix the shit we're in through centralized planning.
The million dollar question is how this is going to affect the cryptocurrency market.
I bet a lot of lawmakers have some kind of exposure, so they’ll just do what’s in their best interest, so I doubt a ban will happen
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Upvoted 👌 (Mana: 24/48) Liquid rewards.
They'll try, but they won't be able to.
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STOPTo support your work, I also upvoted your post!
If something goes high. its jealous to others. but the context of government it's different. I think it's easy to trace the transaction of Bitcoin but if US government take such initiative then it will hamper the world market. let's see what happen. in terms of tax policy several laws and policies can be made but trying to stop those cryptos is not the good way.
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The best thing is that keep crypto asset in our own wallet with our pv key , paypal libra and cbdcs are kinds of ways to control our crypto assets
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Yea man even though its a real possibility I hope and believe this is more of a scare tactic. Indeed more regulation is coming our way but an outright ban would cause loads of money (and in the long term, citizens) to leave the US.
Unfortunately our govt likes control even more than money though...so yup, definitely a possibility.
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If you just read anything besides the mainstream media the past 4 years, you wouldn't have your head up your ass. I understand that people can't see the forest for the trees when they're filled with anger.
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You know I didn't mean you. 😁
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The system is fucked but as a peon, I just mumble "work, work" and hope my immediate life isn't impacted by it. Usually, I catch the ripple effect though. Hopefully, things improve after 4-8 years. If it becomes outlawed people will just route it to another country transfer it and reroute it back. So only the smart will continue. My libertarian side says they should let people decided their own fate, with btc, crypto, and weed! The government already owns and holds our freedoms, nothing will change there but they need to find a way to make us feel free or they need to rename our land the land of the not so free.
P.S. the FB word is a bad word.... lol
Summary:
In this video transcript, Taskmaster4450 discusses the potential threats to cryptocurrencies, particularly Bitcoin, from governments and regulatory bodies. He references Ron Paul's warning about potential bans on Bitcoin if it becomes too much of a threat. Taskmaster4450 delves into the greater issue of governments seeking more control and how decentralized platforms like Bitcoin pose a challenge to their authority. He highlights the power struggle between governments and mega tech companies, emphasizing the importance of decentralized platforms for resilience.
Detailed Article:
Taskmaster4450 opens the video by addressing the excitement in the crypto world with Bitcoin near $20,000 and Ethereum at $600,000. He introduces Ron Paul's concerns about the potential ban on Bitcoin by governments if it poses a threat. Drawing parallels to FDR's actions on gold in the 1930s, Taskmaster4450 warns about potential confiscations in Europe that could extend to Bitcoin as governments aim for more control.
He emphasizes the clash between centralized hierarchical structures favored by governments for control and the disruptive nature of decentralized systems like Bitcoin, which threaten this control. Taskmaster4450 mentions that organizations like the World Economic Forum, close to influential figures like George Soros and Bill Gates, explicitly outline their plans, indicating a push for more control over individuals.
Taskmaster4450 stresses the importance of freedom and the ongoing battle between governments and tech giants like Facebook and Google engaging in surveillance capitalism. He notes that decentralized platforms are crucial for resilience against increasing control measures by governments. Taskmaster4450 predicts a race between governments and tech companies, pointing out that Bitcoin is not likely to disappear due to geopolitical factors.
The video continues with Taskmaster4450's advice to the crypto community to focus on quietly building and flying under the radar to avoid attracting unwanted attention from regulators and governments. He warns that seeking the limelight could lead to increased scrutiny and challenges from established institutions, potentially leading to financial losses.
In conclusion, Taskmaster4450 reminds viewers of the power of operating discreetly, likening it to ninjas being effective in the shadows. He emphasizes the importance of continued development and resilience in the face of potential regulatory threats, advising a low-profile approach to navigating the challenges ahead in the crypto space.