The inevitable state war on crypto

Source: The Anarchist Shemale
by Aria DiMezzo

"In the beginning of cards, no one took them, because not enough people had the cards for the companies to justify the expense in setting up their systems to accept them as payment. There are also legal hurdles, but let’s put those aside for the moment. As more people make money in cryptos and find that they are excellent places to store wealth, more people will store their wealth in them, and more people will carry the 'cards' and motivate Target et al. to install 'card processing machines.' In time (and, due to how accelerated social changes have become, I’d bet it will be within ten years), larger corporate employers will offer employees the option of being paid in crypto currencies. This is something that cannot be stopped. Pandora’s Box is open, and the only way to pull the plug now is to shut down the entire Internet and never let it come back online." (09/01/17)

  • dL

    I purchase through Coinbase and then send to one of three other wallets. If the state zoomed in on me, they could certainly figure out exactly how much money I have where, but they can’t do this for everyone, and eventually they’ll be overwhelmed solely by numbers–it’s like how torrent sites openly exist today, such as the Pirate Bay. And even if The Pirate Bay one day finally goes down, a hundred will pop up in its place.

    torrent is bad example given that torrent traffic had dropped off markedly since its peak a decade ago. You know, I'm a bit older than the author. I went through my tech triumphalism phase in the 90s. Now I know better…