quantumBerry

16 ms·

91.
by quantumBerry 5y ago
Hence why I said "Unless the basket of goods Monero can purchase also goes to infinity." I understand the definition of inflation.
92.
by quantumBerry 5y ago
Monero has infinite (but low rate) tail emission, meaning the unlike bitcoin the supply approaches infinity. Unless the basket of goods Monero can purchase also goes to infinity, Monero at some point will have inflation.
93.
by quantumBerry 5y ago
Monero may not be the best way to curtail financial surveillance, but privacy coins are here to stay, regardless of any future laws or opinions to the contrary. Your opinion of whether it is the best way to curtail it is an irrelevant foot
94.
by quantumBerry 5y ago
Unless you buy within seconds of your transaction, or sell within seconds of your reception, how would anyone know who you transacted with beyond it may have been with a customer in one of the other thousands of transactions on KYC exchange
95.
by quantumBerry 5y ago
Lol do you have any idea how porous the US-Mexico border is? Money can cross the same way 10s of thousands of kilos does, only traffic is even less scrutinized going south than it is going north.
96.
by quantumBerry 5y ago
>You can't actually get any meaningful quantity of it without having a SAR or CTR filed on you (or the person obtaining it). It's big and bulky, it's uniquely numbered and traceable. You can't deposit any meaningful q
97.
by quantumBerry 5y ago
Mandatory reporting seems to be a tool invented to keep abused children away from health and mental care workers, since parents who are worried about mandatory reporting will simply choose to not have their child treated. Even for those who
98.
by quantumBerry 5y ago
Not only that, you may permanently lose some civil rights and privileges, such as the right to own a firearm or pilot a commercial flight.
99.
by quantumBerry 5y ago
>No it does not, because the state can simply borrow from its people. Thank you. Now that we've established that restricting financial tools does not stop the harming of innocent victims, it follows that a state such as El Salvador
100.
by quantumBerry 5y ago
I follow perfectly. If the state commits things other people call war crimes (such as blowing up innocent little Afghani kids), it isn't a crime. So your answer is that reducing the financial tools available to the state for harming i
101.
by quantumBerry 5y ago
You've done plenty of hand wringing of red herrings about what the state is and isn't, but you've dodged the question. Does restriction of financial tools that are used to abet crime help reduce crime or not? Unless you have
102.
by quantumBerry 5y ago
That's quite an interesting tale Mr. Nostradamus!
103.
by quantumBerry 5y ago
>In a hard money/cryptocurrency environment, the BTC plutocrats would decide when to go to war, and with whom, since no lending or spending would be possible without their assent. Yes I recall the great Swiss Civil War of the 1990s,
104.
by quantumBerry 5y ago
Your argument is restricting financial tools lead to less crime, yet your example is that if war criminals don't fund via debasement they'll just fund via bonds. So which is it, restricting does or doesn't help stop crime?
105.
by quantumBerry 5y ago
The populace is easier convinced to fund a war if it is in defense immediate or perceived imminent threat to sovereignty of their territory. Vietnam and Iraq wars were no such threat. Afghanistan arguably so only to the extent of suppress
106.
by quantumBerry 5y ago
Accurate for BTC, although it's worth noting there are some privacy coins with blockchains that currently have very limited susceptibility to chain analysis, and thus as far as we can tell are private.
107.
by quantumBerry 5y ago
>This is financial fanfic lol, what you've described literally never happens in reality. Likely unbanked people working without any work authorization working for cash can be seen at the hardware store daily where I live. I invite
108.
by quantumBerry 5y ago
>Woah. Hold up. There's no KYC for holding anything. There's always been KYC for obtaining fiat. For withdrawing fiat. For depositing fiat. For getting paid in fiat. For paying other people in fiat. It's not the holding at
109.
by quantumBerry 5y ago
There's no KYC for holding fiat, and transactions above 10k are on the honor system for cash purchases. Cash "welcomes them with open arms." There's also minimal checking of those that leave our borders; someone could
110.
by quantumBerry 5y ago
I still don't buy your thesis that there aren't huge swaths of unbanked El Salvadorans who could benefit from low fee crypto transfers, especially now that it is a recognized currency in El Salvador. To use Wise without any fees
111.
by quantumBerry 5y ago
Be the change you want in this world. Why don't you go to El Salvador yourself and "fix" these criminals. I can't wait to see the results.
112.
by quantumBerry 5y ago
It takes days for a credit card transaction to settle, and the buyer could file a chargeback and erase not only your profits but your cost basis. That (many cryptos) is a hell of a lot faster and more secure for a merchant.
113.
by quantumBerry 5y ago
How many even middle class Americans have a fidelity account? Do you think the average El Salvadoran sending remittance AND their counterpart are banked with low cost access to international wire transfer? Transferring crypto, without KYC
114.
by quantumBerry 5y ago
>If the money supply hadn't increased, those secondary effects would not have happened I can't tell if this is supposed to be sarcasm, humor, or merely a hilariously misinformed view of the effect of the pandemic on spending an
115.
by quantumBerry 5y ago
Can you think of a traditional international transfer service that has better rates for <1k transfer than coinbase (0.5%) ? I could buy LTC or BCH on coinbase and have pennies of transaction fees beyond the exchange fees. I think the on
116.
by quantumBerry 5y ago
Your own article admits that the lack of inflation is due to other factors such as reduced lending and velocity of money. All else equal if there were 40 rubles in the economy yesterday and 80 tomorrow, your rubles have half the purchasing
117.
by quantumBerry 5y ago
It's a drop relative to what it would be if the money supply had not increased accordingly, not versus what the purchasing power was at that point in time.
118.
by quantumBerry 5y ago
What exchange are you using? A major exchange like Kraken charges ~.25% for small traders and lower for bigger ones. You can also buy face to face from someone; if you're lucky someone may need to dump some coin and be willing to tra
119.
by quantumBerry 5y ago
Allowing BTC to function as currency bypasses the fiat conversion at the ATM; so your statement emboldens the argument for El Salvador making it a legal tender.
120.
by quantumBerry 5y ago
Why would protonmail be responsible for human traffic that happens unbeknownst to them? They don't need to "shield" merely just don't keep any logs so there is nothing to seize. If I go to walmart and buy a trailer wit

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