As far as I know, no wallets look or care about “blacklisted addresses”. Maybe exchanges could do this, but individuals don’t care…just do a coin join and be done with it. Iran is still mining bitcoin, they haven’t been “blacklisted”
As far as I know, no wallets look or care about “blacklisted addresses”. Maybe exchanges could do this, but individuals don’t care…just do a coin join and be done with it. Iran is still mining bitcoin, they haven’t been “blacklisted”
Yeah, but, they haven't. Now it exists in ETFs so the Blackrock, Fidelity, etc ETFs would all have to be killed. It'd be weird to roll that back now. Has something like that ever happened?
So if all transactions are public, why would they do all their shady stuff with Bitcoin?
If certain utxos are blacklisted...the ETFs are now blacklisted, because bitcoiners were sending coinjoined utxos to all of the ETF wallets .most of them some form of 6969 sats.
So there is only one problem in the world that needs solving? Everything else can be ignored?
Blackrock, Fidelity other financial companies do not themselves have legal ownership/claim to the Bitcoin in their Bitcoin ETFs, the people who buy them do. There is a really bizarre and inexcusable misunderstanding of this basic principle, which leads to the retarded conspiracies about "BlackRock, Vanguard and Fidelity owning every company in the world!" No, they don't own the world - they just control mutual funds and ETFs that millions of people own, and those are the people who have actual legal claim over the assets. In other words, it wouldn't matter to anyone besides Bitcoin owners if the Bitcoin ETFs were shut down. The companies running them are just collecting a management fee, they don't care about the underlying asset or its price. The Bitcoin ETFs only came into existence because the financial companies figured they might as well cash in on the demand and make money from it.
It's only an issue if the addresses can be tied to a specific person or entity. If the government wants to be shady with Bitcoin, they easily can be. They're not exactly going to investigate themselves for money laundering.
No intelligent person is making the claim that Blackrock et al own the world. The claim usually being made is that they control the world (as opposed to own it) because they usually wield the voting rights of the assets under their custody and use these voting rights to pressure companies to act the way they want them to.
Also asset managers like Blackrock have an inherent incentive to be in favour of rising asset prices because they usually charge a percentage based fee. Therefore if Blackrock manages a Bitcoin ETF and the price of Bitcoin doubles then the funds under management of the ETF also double (assuming there aren't net withdrawals) and thus the fees that Blackrock charge in dollar terms also double. Would Blackrock rather collect 0.25% of $200 billion or 0.25% of $400 billion? So yes they do indeed care about the price of the assets they manage. Because there are two factors that determine the level of assets in a fund, one is the level of net inflows/outflows and the second is the changes in asset prices.
All transactions go to the ledger but you can use mixers to maintain anonymity. Then use a P2P exchange like Bisq to sell your Bitcoin. I used LocalBitcoins in 2012 up to 2016. Later Bisq. I never had an account in exchanges (to avoid KYC).
Liquidity could be a problem with big amounts.
The actual problem is not being blacklisted (Bitcoin is fungible) but the judge sending you to jail until you "unfreeze" your Bitcoins. Just like people who thought sending money abroad could escape paying for divorce. Judge will send you to jail until the debt is paid. Most men will pay anything to avoid jail time. It is better to be free and chase money than having money in a bank (or Bitcoin in your mind) but no way to spend it.
JayR
Heritage
Totally out of context. Come on, man!
Yes, that is my argument.
Government power, endless wars, censorship, destroyed family unit, career woman diversity cat ladies, clown world in general…all stems from the government’s ability to counterfeit money. Take that away, and we have a new renaissance.
If you have a splinter in your finger, but you are trapped inside a burning house, the best move is to jump out the window…then look for some tweezers.
As @Australia Sucks pointed out, they wield a lot of power through voting rights. Yes, it's commonly misunderstood.
My question still stands: have ETFs like this ever been ended/closed? How does that even work?
So then why would they use bitcoin for anything if they can just do it with dollars?
Wouldn't private citizens or entities be able to trace shady gov't activity and at least publicize it? It'd make for quite the headline.
They do have legal ownership of the Bitcoin. The same as with stocks: they own the legal title to those shares. When you buy an ETF, or shares of Apple from Fidelity, you are a beneficial owner, ie you are entitled to the benefits of owning those shares (except voting hahaha), but you do not own the title and are not the legal owner.
Similar to a banking relationship. If you deposit $100k into a savings acct, (in most countries), you are no longer the legal owner of the money. You are a creditor to the bank - it is now the bank’s money (ask the people of Iceland or Cyprus about that.)
Especially with bitcoin: whomever holds the private key, is the real owner of the bitcoin.
Yes, there is an inescapable reality that is part of being a person in the physical/material world that will always make someone, in some capacity, the target of a "wrench attack." It's the risk of having people in your life at all, and without relationships of some variety, life is meaningless and worthless - it's just how things are.
Yes, but I'm here to also point out that wealth is promoted by BTC because people will work to create more and more when they know their labor is secured - just like private property - not to be taken away by another at will, or debased over time by things like fiat producing central planners.
The God-State complex is back!
and there we have it!
Scorpion does not understand game theory. Part of it is that there might be casualties along the way before everyone recognizes what BTC is, or putting it another way, is forced to understand what it is (which will happen, that's what game theory is). He has such a normalcy/recency bias that it dampens imagination and prediction all at the same time, and stifles the mind due to its fear.
Just like there is price discovery and BTC's value will keep increasing (or put another way everything will deflate in its BTC "price"), there will be increased pressure on adopting BTC in every capacity because everyone will of course want to hold value in something that is the better money, as Chance has stated ad nauseum. Over the long term, it doesn't matter what governments do - even if they do target certain people, they'll be admitting that BTC is better! There's always a cost to get to the other side. You don't think that other countries are worried the US might lash out as they continue to lose status as the world's "superpower"? Same idea. But the US and its fiat will fall, it is a certainty.
I could probably still make withdraws at atms around the world the government isnt in control on that, I could still transfer it to other bitcoin users government cant stop that either, I could simply move to another country and use my bitcoin, I heard Portugal is a crypto currency haven, Im not a criminal I have a wife and kids i dont want to live a john mcaffe life but if I get pushed i could, or I could become monk and donate all my bitcoin to the church all over the world
So the guy who started bitcoin is known by the name Satoshi, yet we dont know what he looks like, where he lives or if he is still alive, yet his account is public, get where Im going with this? Satoshi has billions worth of bitcoin in his account and its all still there safe and sound
Do you think its possible that governments who are enemies with each other, could use bitcoin against each others economies?
Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin (2023) : Major Jason P. Lowery : Free Download, Borrow, and Streaming : Internet Archive
Lowery, Jason P. (Major). Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin (thesis). United States Space Force,...
archive.org
400 pages? Sumarize
Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin (2023) : Major Jason P. Lowery : Free Download, Borrow, and Streaming : Internet Archive
Lowery, Jason P. (Major). Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin (thesis). United States Space Force,...archive.org
Energy warfare, using Bitcoin, will make kinetic warfare obsolete, in the same way tanks and maneuver warfare made defensive lines obsolete, air power made battleship navies obsolete, and nukes made bombers obsolete.
I read your post and was going to type, go read Softwar by Jason Lowery, then I scrolled down and instantly saw chance's link to Softwar, of course.
