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Re: Panama City Approves Bitcoin and Crypto Payments for Taxes, Fees, and Permits 

By: monkeytrots in GRITZ | Recommend this post (3)
Fri, 18 Apr 25 9:16 PM | 19 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 06941 of 07365
(This msg. is a reply to 06939 by Fiz)
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>>> they would eventually be watching every transaction."

They already DO watch 'every transaction'.

And so does the rest of the world.

Transactions are PUBLIC and viewable by EVERYONE. That's the entire function of the mythical 'blockchain'.

The real question is - can a transaction be tied to an identifiable person.

How adept can one be at leaving absolutely ZERO footprint when accessing the internet ?

Just in case there's any doubt - tain't possible - and i'll guarantee that the US and just about all other major countries, can and do monitor and trace all these supposed 'transactions'.

Cryptocurrency - clumsy, inflexible, difficult to transact, easily broken access, not usable without computers, pretty damn inflexible - the second best ponzi scheme of the current century. Only the Social Security system surpasses it in the ponzi department.

You want privacy and ease of use - stick with cash.
Second place - Far more cumbersome and difficult to use or secure, gold or silver coinage.




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Re: Panama City Approves Bitcoin and Crypto Payments for Taxes, Fees, and Permits
By: Fiz in GRITZ
Fri, 18 Apr 25 8:49 PM 		Msg. 06939 of 07365

nacl01: "With the US government maintaining the blockchain, they would eventually be watching every transaction."

Good point! So, DON'T have the US government maintain nor control the blockchain.

The US government can still mine the first 1/2 or 3/4 -- the low hanging fruit -- and hand them out to the citizens at one coin per citizens (no "favorites" and no double-dipping).

THEN the chain would then be let out into the wild for anyone who mine -- and keep the integrity of the chain. Would that (could that) work?

And, yes, of course you would need (or want) a Constitutional Amendment to grant independence of the chain, and establish the legal tender status, after the initial government "mining".


One of the big side-benefits I believe would accrue to my U$B scheme is that it would go a long, long, long way toward protecting the United States average CITIZENS protected from the collapse in the US dollar to ZERO worth, which is already well underway (at least 99.8% gone) and, imo, probably impossible to halt,

The equal distribution is also, imo, essential -- so it undoes a lot of the damage done to the middle class over the last 50 years and help equalize the GINI coefficient class division which the Leninists and banksters have created. You would want this U$B established with super-broad support, with little room for politics-as-usual further dividing the country. Of course, the "elites" wouldn't like my scheme in the least little bit. That is how we would know it was the right decision and would likely succeed.


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