I have sold bitcoin for a profit in the past but I have a couple of reservations about it. What are your thoughts about the potential for financial surveillance that bitcoin has? Every transaction is identifiable and recorded on the blockchain, as far as I understand.
Am I right in thinking that monero was the only cryptocurrency that was decentralized and private but it is almost impossible to buy or sell in the UK and has been taken off major exchanges in the last year or so?
I don't think many people are using it to purchase goods and services. If people are not using it to buy and sell and only using bitcoin to speculate on its price like the magnificent 7, meme stocks or the Mississippi company, can it really be called a currency? There is a risk that it begins to resemble a ponzi scheme. I think a lot of people are only interested in bitcoin on the assumption that they can sell it for more than they paid for it as opposed to any underlying utility it may have.
Yeah, I wouldn’t get confused between Store of value and medium of exchange. Gold has always proved a great story of value but not a great medium of exchange for example.
There are numerous privacy coins but they never get much market share
Really enjoyed your article - looking forward to reading your new book and I also listened to your interview on the archie podcast, whilst day trading today - 'a tax free activity in the UK' comes under the same laws as gambling. Cheese Reserves and Beard Taxes - fascinating and ridiculous... sounds like A Monster Raving Party manifesto lol
I have sold bitcoin for a profit in the past but I have a couple of reservations about it. What are your thoughts about the potential for financial surveillance that bitcoin has? Every transaction is identifiable and recorded on the blockchain, as far as I understand.
Am I right in thinking that monero was the only cryptocurrency that was decentralized and private but it is almost impossible to buy or sell in the UK and has been taken off major exchanges in the last year or so?
I don't think many people are using it to purchase goods and services. If people are not using it to buy and sell and only using bitcoin to speculate on its price like the magnificent 7, meme stocks or the Mississippi company, can it really be called a currency? There is a risk that it begins to resemble a ponzi scheme. I think a lot of people are only interested in bitcoin on the assumption that they can sell it for more than they paid for it as opposed to any underlying utility it may have.
Yeah, I wouldn’t get confused between Store of value and medium of exchange. Gold has always proved a great story of value but not a great medium of exchange for example.
There are numerous privacy coins but they never get much market share
It’s nation-alization that robs. What the top robbers call themselves is as irrelevant as it gets.
Buccaneering is piracy is criminality.
War, whoever initiates that, is also criminal. And nobody “wins.” Not even the bankers.
Victors write it, victims are forced variously to memorize & recite it.
It’s all shibboleth, whether it’s the “proper” pronunciation of one word, or the proper regurgitation of larger mantras.
Trance. The en/trance to open, credulous, minds is pretty much wide open, pretty much always.
Really enjoyed your article - looking forward to reading your new book and I also listened to your interview on the archie podcast, whilst day trading today - 'a tax free activity in the UK' comes under the same laws as gambling. Cheese Reserves and Beard Taxes - fascinating and ridiculous... sounds like A Monster Raving Party manifesto lol