The future of Bitcoin and crytocurrencies
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Don't use exchanges and you can use crypto exactly the way it was intended to be used ¯\_(ツ)_/¯
If your point is off-ramping, then there are plenty of solutions to use. Either directly in transactions, or through the right solution providers. Using exchanges is the lazy way.
Speaking from experience, I've never used such a solution and always go through exchanges with proper documentation, but there are plenty of people who have been operating this way for years with success. Claiming that a solution is faulty, while it works for a lot of people with significant volume, simply doesn't make sense.
This demonstrates the exact problem you previously mentioned: that people only care about making money. While︀ this is true in general, what I see in the DeFi space is that many︁ projects are created by people who don't provide real-world value. However, dismissing solutions that use︂ the 'raw' blockchain to deliver cryptocurrency's core principles overlooks valuable innovation. Past experiences with failed︃ 'to the moon' projects shouldn't blind us to legitimate developments happening outside the typical 'create︄ a token and pump it 1000x' approach.
This demonstrates the exact problem you previously mentioned: that people only care about making money. While︀ this is true in general, what I see in the DeFi space is that many︁ projects are created by people who don't provide real-world value. However, dismissing solutions that use︂ the 'raw' blockchain to deliver cryptocurrency's core principles overlooks valuable innovation. Past experiences with failed︃ 'to the moon' projects shouldn't blind us to legitimate developments happening outside the typical 'create︄ a token and pump it 1000x' approach.
you are always switching from status quo to︃ future.We talked about futur offramp and not status quo.
Noone is going to run a︄ DeFi soon which is against the law.
SEC made it already many years ago clear︅ if there is no owner the people who make the Defi possible like prgramers ,node︆ providers etc will be held responsible.
Currently there is still no problem but once they︇ want to enforce their CBDC's this will change quickly.
Noone is going to run a︄ DeFi soon which is against the law.
SEC made it already many years ago clear︅ if there is no owner the people who make the Defi possible like prgramers ,node︆ providers etc will be held responsible.
Currently there is still no problem but once they︇ want to enforce their CBDC's this will change quickly.
I believe the current state will be the future state, with the exception of (slightly) higher conversion fees.
I was talking about the︀ physical world and e.g. P2P. The SEC can say and do what they want, that︁ does not mean everybody is subject to their rules. In regards to DeFi, some sanctioned︂ tools are still available and used, albeit with less volume. So nobody is stopping you︃ from using these platforms either.
I was talking about the︀ physical world and e.g. P2P. The SEC can say and do what they want, that︁ does not mean everybody is subject to their rules. In regards to DeFi, some sanctioned︂ tools are still available and used, albeit with less volume. So nobody is stopping you︃ from using these platforms either.
The point is that things are going in the wrong direction. Off-ramps are continuing to be closed off. Certainly for the mass of sheep, off-ramps are already closed off without full KYC, tax taken from you at source, full tracking of your spending, and your coins even confiscated if deemed fit.
I say again, this is not what cryptocurrencies were supposed to be. Satoshi intended precisely the opposite of this totalitarianism.︀ Sheep compliance has enabled a complete failure of Satoshi's vision. For the sheep, it almost︁ may as well be CBDC at this point.
I say again, this is not what cryptocurrencies were supposed to be. Satoshi intended precisely the opposite of this totalitarianism.︀ Sheep compliance has enabled a complete failure of Satoshi's vision. For the sheep, it almost︁ may as well be CBDC at this point.
You clearly never leave your computer and crypto bubble. 😉
No point in assuming where I have been a part of, and what not. You have mentioned to be part of a failed project, so what makes you credible?
My point is that for the problems you have mentioned, there are and will be solutions. @cherry rightfully pointed out that the majority of people do not know or use these solutions. However it does︀ not mean there is not an alternative ecosystem.
No point in assuming where I have been a part of, and what not. You have mentioned to be part of a failed project, so what makes you credible?
My point is that for the problems you have mentioned, there are and will be solutions. @cherry rightfully pointed out that the majority of people do not know or use these solutions. However it does︀ not mean there is not an alternative ecosystem.
My concern is the off-ramps are being closed off, making it harder and harder even for those of us who look currently outside of KYC. It's already harder for us today than it was 5 years ago, and 5 years ago was already harder than 10 years ago. The direction of travel is clear.
The sheep allowed this to happen by being so compliant. Cryptos could have remained as people transacting in decentralized currencies without government involvement. The governments would have had a hard time muscling in.
What did the sheep do? They opened the door wide open for them. The governments from︀ a weakened 3rd-party position, began making noises that people's cryptos should be recorded through them.︁ The sheep complied like the weak-minded, compliant thralls they are.
@JohnnyDoe said he spends crypto︂ via companies like Wirex debit cards. But the governments again, have ordered Wirex do KYC.︃ So even spending your cryptos in this way is tracked by the government. This was︄ not Satoshi's intention for cryptos.
What I do is buy my groceries online with shop's︅ gift cards bought with Monero via CakePay or CoinCards, which currently don't do KYC. The︆ direction of travel means I think the noose wll tighten there too.
Ideally, I'd just︇ go to a shop and buy my food with Monero directly. But shops aren't doing︈ that. The sheep think cryptos are a speculation instead of a currency.
The sheep allowed this to happen by being so compliant. Cryptos could have remained as people transacting in decentralized currencies without government involvement. The governments would have had a hard time muscling in.
What did the sheep do? They opened the door wide open for them. The governments from︀ a weakened 3rd-party position, began making noises that people's cryptos should be recorded through them.︁ The sheep complied like the weak-minded, compliant thralls they are.
@JohnnyDoe said he spends crypto︂ via companies like Wirex debit cards. But the governments again, have ordered Wirex do KYC.︃ So even spending your cryptos in this way is tracked by the government. This was︄ not Satoshi's intention for cryptos.
What I do is buy my groceries online with shop's︅ gift cards bought with Monero via CakePay or CoinCards, which currently don't do KYC. The︆ direction of travel means I think the noose wll tighten there too.
Ideally, I'd just︇ go to a shop and buy my food with Monero directly. But shops aren't doing︈ that. The sheep think cryptos are a speculation instead of a currency.
Easier to buy things with crypto directly, agreed. Actually buying/selling/earning crypto without government intrusion was my point about the wolves getting closer and more organised. I've adapted better than most, none of my crypto has touched KYC ever.
I think people must not underestimate how determined the governments are to get control of all this.
I think people must not underestimate how determined the governments are to get control of all this.
Get with the times mate. Time to go on a boating adventure and lose your private keys at the bottom of the ocean
You know because its not the people who are going to decide which money is going to be used.︀
Its the corporations from which you will need energy,food,housing,fuel,insurance,water etc who will decide which currency︁ they will accept only.
There is a reason why everything on earth gets privatized and︂ centralized.
Anyways this forum is clearly a waste of time.
People unable to think even︃ a little further but only repeat the nonsense yada of crypto idiots
Its the corporations from which you will need energy,food,housing,fuel,insurance,water etc who will decide which currency︁ they will accept only.
There is a reason why everything on earth gets privatized and︂ centralized.
Anyways this forum is clearly a waste of time.
People unable to think even︃ a little further but only repeat the nonsense yada of crypto idiots
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