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  • Yeah, no I mean I had my first piece of Bitcoin and it was like 2012 or 13 and um so I've always played with it, the wallets, the storage I lost, um, figure out what it was.

  • It's fun.

  • The transaction speed is incredible.

  • So I've been, I've been able to buy some things online with it and it's just so fast so incredible.

  • Also, you know, not having a credit card processor when you're a vendor you realize how, how much of a pain that is enormous how skewed it is in favor of the customer.

  • Sometimes just like not realistically or not even in a favorable way you're at the, at the hands really sometimes by processors like strike by love stripes.

  • But you know sometimes if the processor wants to just turn you off for whatever reason and we've seen this happen with, we were talking earlier about things like Patreon and the credit card companies like all this stuff can be held hostage.

  • They have enormous power and who gave them that power?

  • Right?

  • So we talk about crypto especially Bitcoin is right in the name of the in the title of the white paper as peer to peer Electronic cash.

  • Peer to peer is a technical term that started with a form of networking called peer to peer networking.

  • Perhaps you remember napster and Bittorrent and all of those things.

  • Pizza P or peer to peer encompasses the ethos of this entire movements about decentralization.

  • It's about them not having an intermediary in between you and I like to call traditional payment systems appear to corporation to corporation to corporations appear where you didn't invite any of those three corporations into your transaction.

  • They just injected themselves.

  • And here's the worst thing politicians around the world to trying to gradually reduce the usefulness of cash until they can eradicate it completely.

  • And this is driven by two things.

  • One is a very, very cynical perspective that this helps, you know, grease the wheels of these payment companies and they pay and persuade politicians with lobbying that this is a good idea.

  • And the other one is this very misguided idea that if you eradicate cashel eradicate crime, which of course you won't because people will substitute cash with something else.

  • And also if you if the only people who are allowed to be intermediaries are the large corporations, they will commit the crime.

  • It's like if you want to rob a bank nowadays, the best way to do so is to have a banking license, then you can rob the entire bank and or country with complete immunity or impunity.

  • So it encourages this concentration of power, puts the intermediaries in a position where they can commit what I call mega crimes, where they impact millions of people.

  • Hence the metric system prefix mega.

  • So mega crimes is when you have a million victims.

  • And guess what happens if you rob one person and steal £20 from them, you're going to jail and you're going to spend a long time there.

  • If you rob two million people of their homes and mortgages, Right, you're not going to jail, you're getting a 10 million bonus from the bank and you're retiring in peace and quiet in the countryside.

  • That's what happens.

  • So mega crimes are much better to commit.

  • Unfortunately, you need a banking license to do those, just why it's a, it's a rarefied kind of level of crime.

  • The only a few can participate.

  • Here's the thing.

  • Um with the developments of crypto, we have the opportunity to peer to peer where you can make a payment from a person to a person.

  • And we're in a very dangerous crossroads in history, which is if we go to a future where digital cash is the only form of cash that exists, And I think we're heading in that direction very, very fast.

  • I think within 20 years, ah People who grew up 20 years from now will never see cash unless they visit a museum.

  • If we go to that future, digital cash where the crossroads, because we have to choose between two possibilities.

  • One is digital cash that's run by corporations that act not only as intermediaries in all of our payments, but also act as deputized members of law enforcement for every government and or intelligence agency and or dictator who co ops them to their means and and they have enormous power.

  • That type of finance takes the worst of surveillance capitalism, and the worst of surveillance state merges them together in this fascist dystopia, where every transaction you ever may tell something about.

  • Your habits, your politics, your associations, your movement, your physical location, and on the one hand, all of this data gets collected and shared among all of the intelligence agencies and corporations or leaked.

  • And on the other hand, if the people in power choose to, they can decide to d bank you overnight, they turn off the switch.

  • Now, imagine what happens if your bank accounts is shut down and cash doesn't exist.

  • Well, you can't eat, you can't buy food done, you can't use transportation, you can't rent an apartment.

  • You they can literally destroy your life in a second.

  • And if you think this is crazy, this is happening today in china.

  • They have a system called sesame.

  • It's called a social credit score.

  • And they use your social media postings to give everyone a score as to how well they toe the line of political correctness to the doctrine of the leader of the Communist Party.

  • People who have a negative credit score on that system are denied access to public transportation.

  • They are denied access to airlines, they're denied access to trains, they're denied access to jobs in the government, They're denied access to apartments to rent.

  • They're doing that today.

  • Now today, those people have cash to go back on what happens when there's no cash?

  • It's a terrifying future.

  • And then there's the alternative and the alternative is a true peer peer to peer or several, perhaps even thousands of alternative peer to peer digital.

  • Internet based currencies that do not belong are not controlled by any state, any corporation that are run by rules that are collaborative.

  • That depends on the participation of all of the people who use them.

  • And that gives you complete freedom and privacy to transact.

  • Not my words.

  • Uh huh, wow!

  • Four more Washington.

  • Yeah.

Yeah, no I mean I had my first piece of Bitcoin and it was like 2012 or 13 and um so I've always played with it, the wallets, the storage I lost, um, figure out what it was.

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B1 peer cash mega denied bank rob

Mega Crimes - Are We At A Dangerous Crossroad? Andreas Antonopoulos I London Real With Brian Rose

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    林宜悉 posted on 2021/05/30
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