RE: Is BCH on the move to take over?
This is just an indication that the BCH has a strong team behind.
Printing money without cover is the same with Bitcoin and other currencies.If big players decide to tax Bitcoin, or to abolish it, then it will happen. It's just about exchanging paper money for software money. At the moment when full paper money is replaced, Bitcoin's value will stagnate, etc.
The revolution is a blockchain technology that brings us speed and storage of information. Now Bill Gates and Richard Branson have the main mines, it's the same thing again, decentralized centralization. For everyone to use crypts, there must be a story about anarchy, people, etc.
At one point, all data and currency users will have to work under the new laws. Then these same shadow rulers will have complete control over people. If there is no paper money, then you can not hide transactions, they can do what they want with you. As it says in the Bible, if they do not receive the mark of the beast, they will not be able to buy food.
My strategy is simple, I invest in crypts, I make money and buy land, real estate and tangible value. Great post, you inspired the best of me @ kafkanarchy84
Except it's very hard for the tax officers to get the 'fair' taxes of BTC holders.
So governments will try to ban crypto since they can't control it.
It has over 90% of black money, money is being washed out with bitcoin and other currencies. That's why it takes more people to believe in decentralization and national victory. It's simple, if I want to control the bills, the law is passed and all crypts with technical details are harmonized. Now is not the time for it, there are about 50 million users, it's very little still.
I definitely agree that the elimination of cash will result in massive state surveillance. I do not think, as some others do, that Bitcoin is a kind of revolution against the powers that be in and of itself. It is, however, superior to fiat currency in that it cannot be printed endlessly, making it a more sound store of value. As for the privacy aspect, coins like Monero and Bytecoin are entirely different from the openly readable ledger system of Bitcoin, etc.
So far, crypto has helped me to help others with no middle man or state in between. I like this. You are right, though, the state will co-opt and crack down. Like any technology, it can be used for good or ill. I like what you said about buying land and tangible wealth with your profits. This is the approach I am taking as well. Gold is always going to be gold, too, as far as we can see.
Thanks so much for the insightful comment.
Thanks a lot for amazing answer @kafkanarchy84 tip! 0.1
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