RE: Darkweb Black Market AlphaBay Shutdown & Suspected Founder Commits Suicide
Yeah, what to do with the seized Bitcoin is a bit of an issue. I don't think a public auction with anonymous buyers is the best way to go. This feels a lot like asset forfeiture.
I do like the concept behind OpenBazaar, i don't know much about it tbh, but I've heard it is a peer-t-peer network removing the middle man.
I think there's been quite an effort to link Bitcoin to the Silk Road and nefarious activities. Many have called for a ban on Bitcoin because it happens to be the currency used on Silk Road completely ignoring all the positive aspects about the cryptocurrency.
It is a moot argument if you ask me, Cash is used ALL the TIME for drug deals and any other type of illegal activity.
Do we ever hear people say in response - "Ban the US dollar!" ?
It sounds ridiculous when thought of in this light.
"It is a moot argument if you ask me, Cash is used ALL the TIME for drug deals and any other type of illegal activity. Do we ever hear people say in response - "Ban the US dollar! ?""
If I replace the word "US Dollar" with "cash money" that's exactly what the response is. The calls to phaseout cash are getting louder year by year. I don't know if you heard what they did in India?? Took all paper money with a value of about $7 and up out of circulation 4 weeks before new ones were said to be put into circulation. And they did a real sneaky job with this whole push to digital money. They said it was a limited trial held in, a later to be determined, region or number of provinces. Then, less then a month before the announced date it would start, they all the sudden said it was going to be a national "trial," not parts excluded. And so they did, taking all cash money (temporarily, at least a month) above $7 dollars out of circulation. That would be an crazy move in the EU or US, imagine how insane it was to implement in India where more then 50% of the population don't even have a bank account. Needles to say payment/retail chaos ensued.
And who where instrumental behind the scenes to make this all happen?? The usual suspects, US state department, (central)banking interests, UN NWO globalists. It was a test run, the rest of the world will follow, may take a decade or two. But they'll keep pushing.
I totally agree that they're pushing for digital currencies and biometric security and the likes. Solid points here and we should be wary and see what happened in India as a trial run for a larger campaign.
I was thinking more historically when I used cash/dollars as an example.
Thanks, great comment
They will try to centralize blockchains and design them to collect our personal data in a way that we can't completely control it. The shady corporations are involved in identity management. Don't assume all identity management is bad, this however is an attack vector.
Completely investigate and routinely Boycott these large corporate structures with a shady past or flawed power oriented structure. Even if they get it completely right (economics may force them to get it right to survive), they can steer it in a new direction when people start rely on them. Just like going to your local farmer's market or growing your own food, keep the technology decentralized, open, and in the hands of the individual.
For sure, the banks are investing in blockchain technology. I saw a post about Goldman Sachs's Circle and another one called Revolt...Visa is eager to make a move and I've heard that JP Morgan and Chase are investing/financing ETH.
I'm all for people making investments and making money off the best cryptos out there but we need to be very aware of the attempts to infiltrate and control certain blockchains.
I think they will indeed start to steer things in a new direction. You're analogy of buying at farmers markets is perfect. Power to the people.