Really, no scaling...?

Could not be bothered to watch it all.

Learned performance

What did I just watch...!? For fog sake, what did I just witness...!? So, that is what a hearing is about. Some man of respectable age has a rambling story about Bitcoin and Blockchain. Just keeps repeating the same nonsense over and over again. Presenting matters as if they were facts in a kind of nervous way. He proofs to me again that 'economy' is not science. It should be classified in line with things like horoscopes and the paranormal.

Economy, as taught in the banking monetary governance system, is a pseudo-science, at the most. And the anti Bitcoin and Blockchain lobby man lost this apparant battle. Because did he not know that really huge banks and multinationals are actually using blockchain technology, with cryptography? So, if he already is wrong about that, then how true can he be about all the other claims he kept repeating like a robot?

All eyes on the Cryptos dude!

While the anti Cryptos man still called them Cryptocurrencies and then wanted to roll it back to as if they were not, the Cryptos dude sure was no Ace also. What the fog man, what do you mean that there is no scaling...!? Even if one dislikes things like second layers, Lightning Network {LN}, at least it shows Bitcoin and other connected Cryptos can scale! Yes, a focus on big blocks only will create centralization, but who says it will go into that direction. Also this should even be good news for banks, it is where they can get in control...

Did that Crypto dude not know about DPOS {Decentralized Proof Of Stake}? What about transparant systems like Bitshares, Steem and EOS. They can compete with credit-card systems and are extremely cheap, or even free to use. Well, one has to have some at stake, at least, but we are way passed the new-born stage in the Cryptos realm. For goodness sakes...

Some key issues were missing

Okay, he was to be applauded for mentioning how Cryptos and Blockchains got rid of the intermediates. And noting how transactions are free to go from anybody to anywhere, kuddos for that. It is the peoples money. Yet it is so much more. How can it be that it is still quite unknown that Bitshares offers USA Dollars, Euro, Gold, Silver and many others as a one on one value!?

It is already here, even Bitcoin is pegged like that on the Bitshares DEX {Decentralized EXchange} blockchain. And I could pay anybody (bit)Euro for a service or a product. Or in a pegged value of their choice, even (bit)Silver and or (bit)Gold! Would have to warn them though that the value pegged to some kind of banking monetary governance currency does have devaluation build in...

Insurance?

Is there a lack of that? Am I insured against the bad side-effect of money devaluation (the ultimate one being yet another 'economical' debt crises)? Meaning 'everything becomes more expensive', or to put it in other words, at the end of the month there are bills to pay, and all the cash is already gone. Just a few understand why this has been the case for hundreds of years. They just are being confronted with the outcome and just are told they just have to deal with it. While more and different taxes are being issued and raised.

That is almost like it is hidden in plain sight. Just put in more hours of labour, take a third job (resting is for the dead) and send kids off to work. What fogging insurance does 'the system' give...!? Yeah, that elderly man and his rambling claimes really struck a few nerves. He is clearly a system defender, just barking up rambling propaganda. It just made me more convinced that humanity needs Blockchains and the attached Crypto tokens. As a substantive system, an alternative. The Crypto dude managed to make it even more clear to me.

Entrepeneurs and taxes

There will be entrepeneurs that will find ways to insure losses on Cryptos. If one is willing to pay the price for that, of course. Just like there will be all kinds of companies that connect one realm with the other. And the moment Cryptos are turned into money, taxes are payed right away. Buy some good or pay for a service, in the realm of cash, and many levels of taxation kick into excistence. Whether it be direct or indirect, it does not matter much. Taxes are being payed, one way or the other.

Blockchain technology, where cryptography is key, has created many opportunities for many people. Whether with or without, one or more, Crypto tokens attached, it is the next step towards Web3.0, the decentralized internet. And when something gets hyped, and after that goes down fast, does not mean it did not work at all. It means things got back to levels that do match a more realistic path of growth. And in the meantime also a lot of taxes have been payed...

Protect us from who?

One argument that is used a lot against Blockchain Crypto Tokens is that they endanger the lives of the common people. Right... Nobody can force me to take a stupid loan to invest into Cryptos. That would be my own responsibillity, as far as I can see. As if the banks are holy entities, all of a sudden. They create money out of nothing and sell it to the people as debt! For fogs sake, can anybody finally understand how malafide this is?

And that it even is made worse because of the accumulating interest? This is of a private interest to a small group that got a monopoly on the creation and control of money. The government is the corrupted entity that facilitates this by 'law'. And in the meantime creates cuts and taxations to keep this scam of centuries going! Can you understand now how I really could not give a damn fog about that whole 'hearing' facade...!?

Be free, use Cryptos!

The banking monetary governance system is a sick and corrupted one. It created a belief that humanity can be kept chained in something fake like 'debt'. While the house that was 'bought' on a mortgage was 'payed' for with money that is backed by nothing. Well, you had to offer something as collateral, just in case you are unable to 'pay back' this 'nothing' and the accumulated 'interest' on that 'zero' debt. Also you need to pay taxes, right away, and some legal costs for signing the contract.

And I know it is hard to belief, but once you see it, a lot will start to make sense. Then all those who propagate the banking monetary governance system can be seen as a bunch of grafters. They all act in their own interest and that is connected to money. And if you want to be free, then you probably are better of using Cryptos.

May the Cryptos be with us!

Behind all the glitter and glamour of 'money'...

3D image license cc-by-sa @oaldamster.

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This publication is licensed cc-by-sa @oaldamster. Besides on Steem, it is also published at WeKu and WhaleShares.