RE: James Corbett: "There Is No Anonymous Use of Cryptocurrencies"
The problem is, Mr. Corbett, that you are not giving anyone any alternatives to the top-down system we have today. "All cryptocurrencies are tracked." Sure, and all $100 USD bills have cocaine powder on them - why, just watch the police or Federally-trained dogs sniff them out on a person 100% of the time! It's documented!
Give us an alternative. Precious metals? The same ones that have been manipulated by the central bankers and the US/UK governments since the American people were again allowed to personally own gold past 1975? After the silver was taken out of the currency in 1964? Where a coin shop owner will charge you 5-30% over the spot price to buy a single coin, but only give you -5% to -25% under spot when you try to sell it back? And the US government counts any gains per inflation as the maximum "capital gains" in taxes, 35% usually. Even if you bury your hard-earned gold in the back yard for your great-grandchildren to profit from, they'll just dig it up and sell it to the nearest pawn shop.
So what's the alternative to the middle class in America? Property? Only if you are willing to live in the boonies away from friends and family. And the US government is killing home farms with inheritance taxes to favor corporations.
What's the alternative? Stocks? Bonds? Not worth the paper they're written on, if you can get the paper and not just 1's and 0's in an account. You have to have 10,000 shares to make any money past parking meter fees each year. Plus there's those pesky capital gains taxes on every penny you "beat the street" with.
You're never going to convince any politician to do with less in his or her budget to buy votes and power with, Mr. Corbett, and therefore there are no alternatives in the current economical system. Maybe someone can make a crypto currency that is untrackable, can be used at retail stores, and can be passed on through generations. Watch such a currency be outlawed in a heartbeat by our politicians and bureaucrats. The only "allowed" pension is in government-given USD, hopefully greatly exceeding the rate of inflation. That's how all these government workers are "living the dream" in retirement.
The problem is our government, not that our currency is not money and alternatives are not allowed to the central bank-backed system.
well said and thank you for taking such time and care with your comment. Mr. Corbett suggest, in the video, that we develop a crypto economy. This is the only way that it can work and we can move away from the current corrupt system. We have the ways and means - its the willingness that's lacking. Just like I have argued for a number of years if we simply began using gold and silver as currency and developed the technology for a proper payment system we could move out of the ghetto tomorrow. No one is willing to do anything about it - GoldMoney has the technology but not enough people use it to make a difference. Cryptocurrencies in their current state are nothing more than window dressing for fiat currency and the banksters love it - governments love it - more taxes, more people that will be going to prison, more people that will be more easily managed.
Until we reach 5-6% of a given population that stands up and says enough is enough we are left to fend for ourselves and educate as many people as possible - which is what I'm trying to do and it seems like you have the same idea - educate people to what is happening and how to get out.