The True Defense of Cryptocurrency

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▶️ Watch on 3Speak


Many still feel that cryptocurrency is going to be attacked by governments. There is no secret that politicians and regulators are not very happy about cryptocurrency. This only feeds into the belief that governments will eventually set out to ban cryptocurrency.

In this video I discuss the ultimate defense and what we need to do to protect ourselves. This all comes from numbers and the power behind it. Politicians are not going to stand up to a massive percentage of the population. That is our assignment: to get a lot more people involved.


▶️ 3Speak



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35 comments
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Well yes, involvement of powerful individuals in crypto can help crypto currency from probable attack from government and political figures.

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We dont need powerful. Our solution is the numbers.

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You don't exercise logic guy.
By your thinking China should NOT have such a successful communist ruling party over billion plus people and possibly over the entire world population.

Numbers mean nothing unless you command a FORCE and can take over crucial infrastructure/institutions such as communications, ports, power grids and in today's world... supply chains and global networks of corporate power.

DO WE CURRENTLY NOT LIVE IN A WORLD where these are clearly in chaos due to global power conflicts?

People are just data now and even if billions of "self governing" individuals become all engaged in crypto.. BIG BROTHER is WHO grants access to established markets, access to assets and holdings of wealth.

All they need to do is CRIMINALIZE transfer of cryptos that become actually disruptive..

And then place themselves so that THEY SOLELY control the UTILITY / VALUE.

And then what?
What the fuck are numbers when all you have is numbers. No power over infrastructure. Holding digital information only.

And NO, "HODLERS" don't control internet/information.

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All they need to do is CRIMINALIZE transfer of cryptos that become actually disruptive..

So governments simply criminalize something and it stops? Actually history shows the exact opposite takes place. How many times have we see what was once criminal activity become the norm?

DO WE CURRENTLY NOT LIVE IN A WORLD where these are clearly in chaos due to global power conflicts?

Yes we do. We are also living in a time where confidence in governments is collapsing. The idea that the Great Reset is going to mirror what happened with the serfs 100 plus years ago is foolhardy. It is one thing to get people to buy into something when they never had anything. However, taking from people is completely different.

Besides the model for cryptocurrency is already in place. It was established over 70 years.

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It doesn't stop but it has no legitimacy on established systems and institutions.

You're not realizing the importance of this: that the EXCHANGE takes place on infrastructure controlled by the establishment.

Its not in some dark alley where no one else but the individuals taking part are who are privy to the exchange.

And yes the model of crypto has existed as technology for decades, but when the double spend problem was solved, it became a logical advancement to then attach money exchanges to it.

In all of it's recent development as a money game all its done is mimic the legacy system, with exchanges as THE BANKS.

LIQUIDITY POOLS might seem like.. "POWER TO THE PEOPLE" but that's a falsehood because you still need on/off ramps if you want to utilize those holdings...

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(Edited)

You're comment about how the EuroDollar system existed for 20 years before the regulators knew anything about it is related to your past comments about the strength of the dollar being due to the fact that so many of the world’s contracts are dollar denominated.

To put it another way, if regulators had been aware of what was going on as the EuroDollar system was being created, the dollar’s standing in the world today would be far less than it is.

If the U.S. gets proactive with regulating crypto, it will no doubt diminish the future economic power of the U.S.

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To put it another way, if regulators had been aware of what was going on as the EuroDollar system was being created, the dollar’s standing in the world today would be far less than it is.

That is presuming they could stop it. The system was set up by the international bankers which operated outside the reach of the Fed. Even if they wanted to do something, they are bound by law.

Of course, it did alleviate Triffin's paradox.

It is also why a decentralized system is vital. Build it outside their reach.

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Regulators certainly have their way of doing things and they are eyeing crypto for some time now. We definitely have to do something about it, just like you said, we need more people on our side to be able to defend ourselves with whatever the governments are scheming.

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Just a numbers game.

We need to kick up the numbers in an exponential way.

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And that's quite a challenge. With the current state of the market, people are more skeptical to come aboard. But no harm in trying. Those who welcome this innovation will come :)

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That is because we keep selling cryptocurrency solely on the financial aspect. The mooning is still what most people talk about.

Instead, we should focus upon the applications that are being built. Once that happens, we can see a huge change.

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That's right. We should really look beyond just the buy, sell and the money being lost and made.

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Yes it is. We need to lay a foundation for cryptocurrency and this is on many levels.

We need to be mindful we our focus has to be widespread.

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The truth is that while more people are involved, national governments will have no choice but to accept Cryptocurrencies as payment currency worldwide.

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Governments are not in the money game. The only thing they have to do with it, other than spending it, is to accept it as payment for taxes. They can keep their legal tender since the system already operates in a completely different manner.

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(Edited)

I think to grow, the community needs to mature. When you look at crypto Twitter and see that crap storm is enough to drive allot of new people away, not to mention the FUD constantly being thrown everywhere.

I think it’s time people need to find their balls and stand up to the governments and say NO. They can have my crypto the same way they can have my guns, over my cold dead hands.

Laws are meant to be broken. I know of a bunch of laws I break on a daily basis, lol. I really don’t think that the governments have the reach and resources they want you to think they do. I mean look at the current state of things with police now. They can’t stop Real crimes much less give a crap about somebody holding Bitcoin.

I am out in the streets and see things in a different light than most people online that are looking at what is being said online. Most economists and investors are completely out of touch with the real world. I say this as a student of the markets and someone literally living life on the streets in a van. Yes it’s my choice, that is because I got tired of spending my life in a box just watching TV and social media. And at this point with prices of everything the way they are, it's a necessity now, lol.

Same thing with taxes. If we’re were to all just say screw off and not pay, what are they going to do? Not a damn thing because they do not have the resources to fight it. They want us to think they do. This is where people need to seriously balls up and stand up.

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(Edited)

Your point of guns is a perfect example to @taskmaster4450le of..

POSITION OF POWER.

The people DO HAVE THE POWER in the gun saga because that gun is literally FIRE POWER (FORCE) that CAN hurt and even destroy government power.

On holding crypto however,
The people only hold the information.
THE INFRASTRUCTURE THAT THE CRYPTO LIVES ON.. is NOT in the hands of the people.

Even on some feel good utopian system such as Spk.network, the underlying infrastructure again.. IS NOT in the hands of the people. @starkerz himself has acknowledged this, that the technology to put the WHOLE SYSTEM in the hands of the people DOES NOT YET EXIST. In other words... "We are still only selling a dream."

It's a delusion to think crypto is independent and safe outside of the system.. when it literally operates as a layer onto/dependent to THE INFRASTRUCTURE of.. the system.

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You are right, the infrastructure is not in the hands of the people. However, it is not in the hands of governments either. Instead, it is controlled by corporations that operate to make money. They do this by asserting control over their systems, which includes keep the governments at bay. Sure there will be a few cases here and there but, for the most part, what was done to Microsoft, Facebook, Google, and Apple over the decades? Basically nothing.

Plus you argument presumes you can get all the governments of the world on the same page. For example, with Bitcoin being legal tender in El Salvador, regardless of the legality around the world, there is a leak in the boat: anyone can convert BTC to USD in that country since both are legal tender.

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And who do you think controls governments... CORPORATIONS.

ALSO are we not living in a time when WHO and WEF are pushing hard for one world government controlled by clandestine groups like Bildeberg.

And on El Salvador... IMF has basically threatened to destroy their economy if they don't correct their ways.

So yeah right now a crypto user could use ES to wash their money but if that was ever to be utilized by BIG WIGS or establishment then you can guarantee that POWER will take action.

This comment demonstrates your lack of lateral thinking:

Sure there will be a few cases here and there but, for the most part, what was done to Microsoft, Facebook, Google, and Apple over the decades? Basically nothing.

NOTHING YES..
Because they were bought into the power structure. Many of the CEOs of said companies take a seat at the meetings of Bildeberg.

Crypto is a money game running on global infrastructure. Its delusional to think it can be a threat to the system, whilst dependent on the system.

Crypto must be it's own entity living on technology not yet in existence in order to be able to withstand attacks by the establishment.

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Good enlightenment you make the point all clear by this

They can’t stop Real crimes much less give a crap about somebody holding Bitcoin.

Maybe they should focus on other aspects of the economic crises that are resulting to lives being lost rather than put hands into what most people are making money with.

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That’s the problem they have, the plebs are making money so they have to try and screw with it. The thing is, the US is only one country. And seriously, they do t have the reach they want to you to think in the media and movies, lol.

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Bingo.

You hit the nail on the head. When someone ignores the law, he or she is taking a risk. Yet, when large numbers of people do that, it makes the law meaningless.

Governments will try to prosecute a few high profile cases (Martha Stewart/Wesley Snipes) to scare everyone else into compliance. But if all ignore that, they cant arrest, or even find, everyone.

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I mean I am already doing the van thing, lol, and if I need to, I can make it real hard for them to track me, lol.

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Many still feel that cryptocurrency is going to be attacked by governments.

Cryptocurrency is already attacked by the governments. Most of them "only" regulate it, but some of them even banning them.

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I think yeah if there is a way of having maybe some political or governmental bodies running some trops in the crypto ecosystem as well. This could limit the government's intentions in decommissioning cryptocurrency

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There's always a high power especially those that think they can weld power over everything. For cryptocurrency, it's different especially with those that are truly decentralized.

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Very little at this point is truly decentralized. However, we are seeing more being built which serves a similar purpose. The larger the animal, the harder it is to get into the cage.

This is what is taking place as we expand.

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We definitely need more people but I think it might be quite tough right now due to the Terra crisis. I really hope they don't make anything like penalties for holding BTC.

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That's right. Real adoption happens when we have like a billion people into crypto. In the not-so-near and not-so-distant future one network will have a billion users alone. That would be even crazier. Crypto will be out of control by then and feds/governments wouldn't be able to do anything about it.

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I am not sure what networks they will be on but we could see the billion users with a couple years.

That would likely excel by a couple of highly successful blockchain games.

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