They Are After Your Cash (And If This Happens They Will Get It)

[Y_Participant 4591]

“The cashless society is the IRS’ dream: total knowledge of, and control over, the finances of every single American.”
The Hon. Ron Paul

http://www.nestmann.com/they-are-after-your-cash-and-if-this-happens-they-will-get-it#.V8RkFnoYf6i

[Jan SobieskiParticipant 28791]

Great find.

Love is just alimony waiting to happen. Visit mgtow.com.

[xlrsnbrgParticipant 1786]

Unless it’s Bitcoin.

A man shouldn't make his life's objective to be on the side of the majority, but to avoid finding himself in the ranks of the insane. (Marcus Aurelius)

[HitmanParticipant]

Greed.
That’s why we don’t have a cashless society. .yet.
How do you bribe a senator or congressman?
Cash..
Cash is the grease on the wheels of politics. .

[Chaff/FlareParticipant 3235]

Total control. Every garage sale, taxed. You said something wrong, fined.

They really don’t like you, they turn you off.

When you find yourself in the majority, it's time to reflect.

[TuneoutParticipant]

Sweden is becoming a messed up country in more ways than one.

I have to laugh though at the notion of gold as a ‘safe’ investment.

Yes if you PHYSICALLY have it in your possession but

for those that only have it on paper,are they so naive

to think that in a economic catastrophe whom ever holds

it for them will ACTUALLY honour the agreement?

You have to admire their misplaced optimism of human nature

Lifes a bitch,but you don't have to marry one!

[Anonymous 3]

I think, cash should exist for the private individuals, and they should have the privacy to spend it on whatever they want.

But, for companies, I think they should be 100% cash-less. Less chance to cheat on taxes. And then, there is a need for a government, who spends the taxes with big wisdom for the good of every person. I know it, in my country they made all the cash register machines of grocery stores “online” with the tax authority, and tax incomes were skyrocketing. And now they plan to have an eye on all the invoices issued by all the companies. But the stupids spend some part of it on soccer stadiums and firework on national celebrations, instead of repairing the hospitals, paying medical doctors, and the repairing the roads for example.

[NotMyProblemParticipant 965]

Bitcoin. The majority of my keys aren’t even stored in my home country so good luck with that.

90% returns last year.

35% so far this year and still 4 months to go.

Within the next 12 months:

Bitcoin ETF coming out so everyday non-technical people can invest through their 401(k) or IRA (this will be big- look at what happened to gold prices once GLD ETF was created in November 2004)

Lightning network- which will allow it to scale from the current 7 transactions per second to trillions of transactions per second.

Also many things in the works to improve fungibility, making the coins harder to track. Coinjoin, coinshuffle, ring signatures, confidential transactions, etc.

Right now half of the demand is coming from people looking for a savings vehicle – yellen will never raise interest rates so why not? Europe and Japan have NEGATIVE rates, meaing they charge people to save.

The other half of the demand is transactional. People NEED to use Bitcoin because they have no other option.

It’s mainly being used for regulatory arbitrage-
-Drug dealing on the darkweb.
-Internet gambling because it’s illegal in the US (slots, poker, fantasy football, sports betting).
-Prostitution – Backpage.com had their credit card service shut off. Bitcoin the only option for whores looking to advertise their services.
-Wikileaks also had their chip shut off by the morality police- Donations being made in Bitcoin.

There will only be 21million coins total. Currently there are 15,842,938 Bitcoins in existence. Every 10 minutes 12.5 new coins are mined. In 2020 that number drops to 6.25

In 2024 that number drops to 3.125

In 2028 that number drops to 1.5625 every ten minutes. The “reward” for mining keeps getting cut in half every 4 years, until the last coin is mined in 2140.

The only way to tamper with the system or introduce new coins is to convince 7000+ mining nodes to all change the code at the same time. They are all heavily invested in Bitcoins success and have multiple millions in mining equipment on the line.

While it is technically possible to add new coins, it is akin to asking 7000+ miners to destroy there multi-million dollar investment. Lookup GAME THEORY. It’s all about incentives. No one wants to shoot themselves in the foot. Increasing the 21 million cap is synonymous with each node operator starting 50million dollars on fire.

If the limit of 21 million coins were increased, everyone would know immediatly because the ledger is somewhat transparent. Those 7000+ people are never going to commit economic suicide. And yes it is possible to mine anonymously and several miners do just that. Good luck finding them…

Also keep in mind the “miners” are getting paid big bucks to keep the system up and running. That’s what the mining “reward” is all about.

It’s DECENTRALIZED. Meaning there is no central server to shut down. No address to subpoena.

The only way to destroy bitcoin is to literally turn off the Internet worldwide. Good luck with that.

Also if every government around the world legalized drugs, guns, prostitution and internet gambling… that could probably kill Bitcoin…

Not my property... Not my problem

[NotMyProblemParticipant 965]

Find a Bitcoin ATM in your area:

https://coinatmradar.com/

Or meet someone in person to exchange cash (or send western union)

http://www.localbitcoins.com

Or do it with your bank account (easiest and cheapest- not reccommended if you want to use it for illegal purposes)

http://www.coinbase.com

Also if you purchase some learn how to generate/store your keys offline!!!

It’s called cold storage. Digital does not mean hackable.

I bought an old laptop for $60 and I literally opened it up and ripped the wireless card out.

I use that to generate my keys (they are just random numbers, encrypted)

KEEP YOUR VALUE SAFE FROM GOVERNMENT/CREDITORS/EXWIFE

Not my property... Not my problem

[NotMyProblemParticipant 965]

For you nerds out there, here is a link to some javascript code that will generate a keypair for you

https://github.com/dbasch/bitcoin-paper-wallet

Move that to your air-gap machine before you rip out the wireless card.

Read the code and verify it’s secure.

THIS IS WHAT BITCOIN KEYS LOOK LIKE:

Send coins to PUBLIC KEY – they are now associated with that wallet. You can display your public key to the public if you have a website and you want to recieve tips.

Keep your PRIVATE KEY private! Scan that code with your smartphone when you want to move your coins to your hot wallet to spend them!

If you generated the keys offline that is called COLD STORAGE. They are 100% unhackable that way.

Do not keep your coins on an exchange! If you dont hold your keys under your complete control- they are not your coins!

Check your Public key balance on any of the block explorer websites.

https://blockchain.info

https://www.blocktrail.com/BTC

If thats too complicated I recommend the TREZOR BITCOIN SAFE Makes it very easy for tech-illiterates.

https://buytrezor.com/

The encryption algorithm used is SHA-256

This is the same encryption that keeps your bank account, your 401(k), and the countries nuclear arsenal’s safe.

It’s crazy, but you can store billions of dollars on a number. That PRIVATE KEY is the only thing that matters! Personally I don’t store my entire stash on one key, I have my value spread out on multiple keys.

Need to get money over a border without getting hasseled by the Man??? USE BITCOIN

Dont want to pay capital gains tax??? USE BITCOIN

Need to keep some digital value away from that pesky government/creditors/exwife??? USE BITCOIN

Want financial privacy??? USE BITCOIN

Not my property... Not my problem

[Anonymous 24]

I am convinced this is what they are working on getting done. Total control of everything by the State. Blow the dust off your copy of Orwell’s 1984, because we inch closer towards it every day.

[FeralParticipant 98]

Hello guys!
I am in the UK.
I used to be able to buy Bitcoins anonymously at an ATM inserting cash.
But a law has been passed and now all bitcoin ATMs ask for identification.

What is the best way to buy Bitcoins anonymously ?

Also, on a related topic, why MGTOW.com does not allow for Bitcoin payments?
I mean, Stripe does it automatically: it is only a simple Yes/No setting on the Stripe button’s javascript.

[Author]

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