BITCOIN

lozzy1965

Scottex99 said:

Depends on the definition of guilty by association. If Putin helped you get rich, then you should be sanctioned. If you are a Russian National who now lives in Lisbon, you don't (and never) supported any war, then it doesn't make sense that your bank account is embargoed, you can't use your credit cards and you potentially can't trade any of your crypto

If you're a Russian National living abroad it does make some sense.  It's about putting pressure on the leader of a country by causing dissatisfaction and unrest in the citizens of that country.   If you are a Russian National then you are a citizen of Russia.  It makes less sense if you are dual national.
I'm not sure the sanctions go as far as preventing Russian Nationals abroad from using any of their money though.

Zola.

Malthusian said:

And Coinbase and Binance announced that they would comply with sanctions and block wallets belonging to Russian broskis. Bad news for sovereign citizen lorry drivers.

Yes, I know, cold wallets blah blah. It still illustrates that stopping the gubment from capriciously freezing or seizing your assets is more difficult than "can't touch muh Bitcoin".

Bear in mind that most of those subject to sanctions are arguably only guilty by association. (Not my opinion - my opinion is that if you get into bed with a crazed dictator it's your problem if he poos the bed - but it will be theirs.) Isn't anyone in the crypto community going to stick up for the right of indivduals who haven't been charged with any crime to access and move their money? Anyone? Bueller?

Custodial financial services allow governments to freeze accounts first, and then sort out who is guilty or innocent later. Self-custodial financial services force governments to actually charge people with a crime before they can use pressure to freeze their accounts. Significant difference. 

Zola.

https://www.youtube.com/watch?v=PvOq-ELG_XY

Prince Philip of Serbia, "Not Crypto, But Bitcoin. It's Only About Bitcoin. Bitcoin is Freedom."

phillw

Thrugelmir said:
Thought that Bitcoin was a stable currency for the future. 

If it's not a replacement for cash what exactly is it. 

It's for holding to the moon

phillw

mooneysaver said:

If you store on your PC at home, what happens if your hard-drive fails? Genuine question, I am not up to speed with 'digital wallets'.

If you only keep the key on one PC then if you lose access to it, then you lose all your money.

A paper copy is good, although if someone gains access to it then you lose all your money.

https://www.deseret.com/2021/12/10/22827963/james-howells-threw-away-hard-drives-with-bitcoin-password

lozzy1965

Zola. said:

https://www.youtube.com/watch?v=PvOq-ELG_XY

Prince Philip of Serbia, "Not Crypto, But Bitcoin. It's Only About Bitcoin. Bitcoin is Freedom."

Very interesting, but I would like to see the flip side argument - I know I know, it has been going on for months, if not years on this thread .
Fully admitting that I do not understand the arguments, I can't believe that it is as simple as the prince (and pro crypto-ers) states.  At the risk of sounding like a naïve privileged westerner:  There are a lot of downtrodden poor people in the world in countries not as privileged as ours, but why isn't that at least in part to do with their governments and corruption in their country?
I guess I just can't see how bitcoin solves poverty! 

Zola.

lozzy1965 said:

Zola. said:

https://www.youtube.com/watch?v=PvOq-ELG_XY

Prince Philip of Serbia, "Not Crypto, But Bitcoin. It's Only About Bitcoin. Bitcoin is Freedom."

Very interesting, but I would like to see the flip side argument - I know I know, it has been going on for months, if not years on this thread .
Fully admitting that I do not understand the arguments, I can't believe that it is as simple as the prince (and pro crypto-ers) states.  At the risk of sounding like a naïve privileged westerner:  There are a lot of downtrodden poor people in the world in countries not as privileged as ours, but why isn't that at least in part to do with their governments and corruption in their country?
I guess I just can't see how bitcoin solves poverty! 

If you have time, read this 
https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f

Malthusian

lozzy1965 said:

I'm not sure the sanctions go as far as preventing Russian Nationals abroad from using any of their money though.

Probably not, but when the Mounties froze the accounts of a couple of hundred sov citizens who were organising riots, that somehow turned into impoverished single moms from British Columbia having their accounts frozen for sending the truckers 50 loonies (who then mysteriously disappeared), so who knows.

It's still interesting that on page 190 a few people who hadn't been charged with any crime were having their accounts frozen and this was proof that everyone needed crypto. Now billions of dollars belonging to people who haven't been charged with a crime are being frozen, private assets like football clubs are being essentially seized and nationalised, and you can hear an NFT drop. Should private citizens have the right to keep their money outside the reach of governments and the courts or not?

First they came for the truckers, and I did not speak out, because I don't blub when I get a hurty needle in my arm.

Then they came for the oligarchs, and I did not speak out, because I didn't loot the post-glasnost Soviet economy for zhillions of roubles.

Then nothing much happened. Number still no go up. The end.

lozzy1965

Zola. said:

lozzy1965 said:

Zola. said:

https://www.youtube.com/watch?v=PvOq-ELG_XY

Prince Philip of Serbia, "Not Crypto, But Bitcoin. It's Only About Bitcoin. Bitcoin is Freedom."

Very interesting, but I would like to see the flip side argument - I know I know, it has been going on for months, if not years on this thread .
Fully admitting that I do not understand the arguments, I can't believe that it is as simple as the prince (and pro crypto-ers) states.  At the risk of sounding like a naïve privileged westerner:  There are a lot of downtrodden poor people in the world in countries not as privileged as ours, but why isn't that at least in part to do with their governments and corruption in their country?
I guess I just can't see how bitcoin solves poverty! 

If you have time, read this 
https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f

OK I have read the first few screens and scanned a few more beyond that.  No.  Just no!  That is not an argument for Bitcoin unless it offers up more evidence later on.
The article is about colonialism and more advanced nations and peoples taking advantage of less advanced ones.  Bitcoin won't solve that.

EDIT:  Ponder this.  A huge number of bitcoin are in the hands of a very small number of people.  A vast number of the world population currently have no Bitcoin.  How is that going to work out?

Zola.

lozzy1965 said:

Zola. said:

lozzy1965 said:

Zola. said:

https://www.youtube.com/watch?v=PvOq-ELG_XY

Prince Philip of Serbia, "Not Crypto, But Bitcoin. It's Only About Bitcoin. Bitcoin is Freedom."

Very interesting, but I would like to see the flip side argument - I know I know, it has been going on for months, if not years on this thread .
Fully admitting that I do not understand the arguments, I can't believe that it is as simple as the prince (and pro crypto-ers) states.  At the risk of sounding like a naïve privileged westerner:  There are a lot of downtrodden poor people in the world in countries not as privileged as ours, but why isn't that at least in part to do with their governments and corruption in their country?
I guess I just can't see how bitcoin solves poverty! 

If you have time, read this 
https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f

OK I have read the first few screens and scanned a few more beyond that.  No.  Just no!  That is not an argument for Bitcoin unless it offers up more evidence later on.
The article is about colonialism and more advanced nations and peoples taking advantage of less advanced ones.  Bitcoin won't solve that.

EDIT:  Ponder this.  A huge number of bitcoin are in the hands of a very small number of people.  A vast number of the world population currently have no Bitcoin.  How is that going to work out?

Early bird gets the worm - this has always been the case in all systems. 
There will always be plenty to go about, but early investors are rightly rewarded.