Remind me -- what's the point of a QR code printed on a screen?
Seems like a link or something might do?
Dave, how do you store your crypto? Do you use a software/hardware wallet? Paper? At the moment I've got mine sitting on the exchange, but will probably pull it out into a more secure form. I'm leaning towards a software wallet on an off-line machine with a paper back up.
Legal tender is mostly trust based (though as I said, you HAVE to pay your taxes ... trust doesn't enter into it) for as long as the government has trust in it as well, but they have the tools and the necessity to put something more fundamental underpinning it in an emergency. That necessity doesn't exist for bitcoin.Assuming the government is a democratic one it is the people themselves putting trust into the money.Democracy? Nice idea. Here in the US we have an oligarchy, not a democracy..
Remind me -- what's the point of a QR code printed on a screen?
Seems like a link or something might do?
For those people who foolishly use crypto currency app on their phones.
Which is the majority it seems.
They will be the ones to lose their money first when the great crypto hack comes...
Anything that is attached to a network can be hacked of course, but it would be a rather impressive thing to hack them all at once
Legal tender is mostly trust based (though as I said, you HAVE to pay your taxes ... trust doesn't enter into it) for as long as the government has trust in it as well, but they have the tools and the necessity to put something more fundamental underpinning it in an emergency. That necessity doesn't exist for bitcoin.Assuming the government is a democratic one it is the people themselves putting trust into the money.
Democracy? Nice idea. Here in the US we have an oligarchy, not a democracy..
Anything that is attached to a network can be hacked of course, but it would be a rather impressive thing to hack them all at once
That's the whole idea. Spyware gets installed on your phone (because they are inherently unsecure) and then "they" collect this information (including paper wallet keys you foolishly set up on your phone) and then one day there is going to be a great hack that nabs them all at once.
Legal tender is mostly trust based (though as I said, you HAVE to pay your taxes ... trust doesn't enter into it) for as long as the government has trust in it as well, but they have the tools and the necessity to put something more fundamental underpinning it in an emergency. That necessity doesn't exist for bitcoin.Assuming the government is a democratic one it is the people themselves putting trust into the money.Democracy? Nice idea. Here in the US we have an oligarchy, not a democracy..That is your problem and appearantly most people are satisfied with the US government the way it is skewed otherwise it would have been overthrown a long time ago. https://en.wikipedia.org/wiki/Right_of_revolution
The FED further raises the base interest rate, while in Europe there is no normalization of monetary policy and "the largest bond bubble in human history is puffing up"
Legal tender is mostly trust based (though as I said, you HAVE to pay your taxes ... trust doesn't enter into it) for as long as the government has trust in it as well, but they have the tools and the necessity to put something more fundamental underpinning it in an emergency. That necessity doesn't exist for bitcoin.Assuming the government is a democratic one it is the people themselves putting trust into the money.
Legal tender is mostly trust based (though as I said, you HAVE to pay your taxes ... trust doesn't enter into it) for as long as the government has trust in it as well, but they have the tools and the necessity to put something more fundamental underpinning it in an emergency. That necessity doesn't exist for bitcoin.Assuming the government is a democratic one it is the people themselves putting trust into the money.If your country was a democracy the poor would get together and vote to remove the assets of the rich. There are usually many more times the number of poor people than rich people, so the rich would always be out voted.
Note that pure, direct, open democracy is not implemented in pretty much any country because it's dangerous. The people do not know how to run a country, they don't understand international politics or economics.
Take Brexit for example. A case were open democracy back fired really badly and allowed a win for xenophobes, racists and bigots without a single clue what exactly it meant or what the plan was... there wasn't a plan, nobody expected it to go "YES".
This is why the usual form of democracy is "representative democracy" where we vote for people we feel will represent our interests. Though this is failing today with the "Hello Magazine" effect of pop culture. Not only do people not understand how to run a country, they don't even understand anymore than their politicians do need to know.
That is your problem and appearantly most people are satisfied with the US government the way it is skewed otherwise it would have been overthrown a long time ago. https://en.wikipedia.org/wiki/Right_of_revolution
Note that pure, direct, open democracy is not implemented in pretty much any country because it's dangerous. The people do not know how to run a country, they don't understand international politics or economics.
Take Brexit for example. A case were open democracy back fired really badly and allowed a win for xenophobes, racists and bigots without a single clue what exactly it meant or what the plan was... there wasn't a plan, nobody expected it to go "YES".
Another example which thankfully hasn't happened, but could you imagine the response to:
"Would you like all corporations in the UK to pay full tax without any deals, rebates or concessions?"
I can guarantee the mass populace would vote "YES" in a huge land slide. In a years time all big business would leave the country to seek a better tax environment elsewhere . Trashing the economy overnight.
The plan, of course, is to be as the UK was before 1970, and as such awful countries as Australia, Canada, and New Zealand are now, managing their own immigration and their own trading environment.
Wait ... but they're not awful! They are universally regarded as among the best places in the world to live, well above both the USA and UK on virtually every measure except raw income. Look at any independently compiled list of the most free, best health, longest life, best standard of living etc etc and you'll find those countries near the top, along with the same usual suspects of the Norway, Sweden, Finland, Denmark, Netherlands, Austria, Switzerland. That's going to be your top ten, right there, in most cases.
QuoteThe FED further raises the base interest rate, while in Europe there is no normalization of monetary policy and "the largest bond bubble in human history is puffing up"That says it all ...
If your country was a democracy the poor would get together and vote to remove the assets of the rich.
propaganda can only control the population if they boil the frog slowly enough.
You do realize that Norway, Sweden, Finland, Denmark, Netherlands and Austria are in part as successful as they are thanks to the EU framework the UK is aspiring to leave behind now, right?
Maybe. Or maybe the EU hobbles them.
It is indisputable that Australia, Canada, New Zealand are not helped in any way by the EU, and indeed suffered greatly when the UK joined it.
QuoteThe FED further raises the base interest rate, while in Europe there is no normalization of monetary policy and "the largest bond bubble in human history is puffing up"That says it all ...
There is no bubble, central banks have an infinite capacity to buy government debt and the amount of government debt they hold is pretty much irrelevant. Something like current account balance and external debt is far more fundamental in kicking off hyperinflation than government debt held by the central bank.
Look at Japan, chicken littles have been wrong about the relevance of internal government debt for literal decades.
PS. the Euro is fundamentally unstable though, but not because of a bubble in debt.