4
dmonkey
33d

Do you guys think that it would be possible to build a cryptocurrency that could replace traditional banking and money at all?

A non anonymous cryptocurrency, that could guarantee enough privacy to not be used for surveillance but at the same time could be used by common people.

I had this thought recently but at the time of writing ( :P ) I haven't enough knowledge and time to go deeper than this (meaning "nothing").

Comments
  • 4
    Why do you think past attempts have so far failed?
  • 0
    Oh are there any? I thought that all cc were meant to be completely anonymous, thus becoming hard to be trusted for muggles.
  • 0
    Why would someone even want that? Non-anonymous, trusted stuff already exists en masse.
  • 1
    @Fast-Nop The point is that there are some billionaire thiefs called "banks". Couldn't this sort of cc help us getting rid of them somehow?

    I know this is just a silly dream, but hey, why not?
  • 0
    Plus, I'm talking about banks as thieves because of some past events in my country when they actually took money from their customers, no jokes, some people committed suicide after seeing their lifetime savings taken apart.
  • 5
    Paper money is second most private exchange of goods that was ever invented.
    First most private is barter system.

    The most difficult thing in currency system is point of authority.
    I don’t want to start political discussion on devrant so I just omit the fact of government being valid point of authority. I also omit cryptocurrency as replacements as using them same way as we use money brings same problems.

    In my opinion we should go back to barter system based on partial fillings of end products. Having rates between all products ever produced by humanity we could exchange goods removing intermediate companies, money systems and so on.

    We’re not at this point anywhere starting from people awareness that they work is based on consumption desires not accumulation of numbers on accounts. We are lacking in computing power, production and delivery cause everyone should have machine for goods exchange.

    Maybe in next 10-20 thousands of years with free internet and global voting system if we don’t kill ourselves that should start happening when we destroy last living creature and start eating each other.
  • 0
    @vane Fair enough.
  • 3
    You'd have to find some way of avoiding the whole Bitcoin experience where it is purely about speculating, pump and dump related coin scams, and the undesirable nature of irreversible transactions...

    I think what a lot of various coin enthusiasts miss is that the philosophy of Bitcoin and etc is one thing....but the day to day ecosystem is less than desirable for average joe to use.
  • 0
  • 1
    @vane as long as there is property there will always be a form of currency, be it rat shits, gold, money, whatever.

    If everyone did whatever the fuck they liked and everything was free (obviously including pussy) the world would have a lot less problems.
  • 0
    Oh baby no. You need to go back to Big Bang to do that. There are always traces. Even that Chinese Gov can't do it right.

    You would never going to replace traditional banking system unless you are Bin Laden. You would always need it. No matter what you do. Wait for Central Bank Coins. Then you may have that kind currency.
  • 0
    @molaram Sorry to say but Gold is second scam and Bitcoin is the same with new face.
  • 0
    Cyptocurrencies are for Jeffery Epstein who funded most of crypto companies. When maxwell arrested, 250 million moved.
  • 0
  • 0
    @unclesam then we should all trade in pussy. Well either that or inches of our cocks.
  • 0
    @molaram Better to invest yourself. But I get that, people need drinks, drugs, sex, love ..

    Gamble is a choice. I don't go against. It's what people wish for.
  • 0
    @unclesam gambling is good, so is pussy. and booze.
  • 0
    @unclesam and cigars
  • 0
    @molaram Pussy is good, gambling isn't. Gambler here.
  • 0
    @unclesam where you play mate?
  • 1
  • 0
    @unclesam trading coins, forex, commodities, stocks = gambling too
  • 0
  • 0
    @dmonkey So? There are enough site hacks with crypto currency stuff where users also lost their money. The actual problem with banks where they come in as thieves is fractional reserve banking.

    @vane The rates between the products are always changing, that's what market supply/demand/price is doing. Also, we progressed away from the barter system because it's impractical in a work-share society.

    In particular, crypto currencies have the same problem as gold: they're stable because you can't just print money. Whenever the economy grows, more goods face the same amount of currency, which results in a deflation, which kills economic growth. A reasonable amount of inflation (like 2%) is actually necessary.
  • 0
    @Fast-Nop Regarding the money loss yeah one thing is when you spend them by yourself, another thing is when someone else who basically promised to protect your savings steals them.

    Then yeah I know gambling could get an addiction and people often can't control it and everything but still it's different.
  • 2
    @Fast-Nop money value also changes all the time for example go to shop foo and bar and you get different prices

    Barter is impractical due to technical challenges it brings to implement it for infinite number of products and explain people why it’s good for them

    @molaram nah, currency only exists to hide fact of stealing goods by middleman and bankers from producers.

    Here you go simple man use our money to exchange your goods, we are good people that will give you this simple tool so you don’t have to worry about anything ( unless we give more of this tool to ourselves and people we like more than you ).

    People are poor not cause they can’t work hard but because money is tool to enslave them.
  • 0
    @molaram Of course.
  • 0
    @vane You want no governments and see what happen when there are no governments. Bankers don't steal money. People like you who advocate Bitcoin are fueling that pump and dump giant scam. Banks are regulated and subject to strict rules where Crypto can go up and down in 1 hour.

    Been there. I learnt. >>
  • 0
    Bitcoin promotes deflation and isn't healthy for economy and society. People going to undervalue hard work because all will put money in Bitcoin and see it going up and down. Kinda socialist thing!
  • 0
    @unclesam I don’t advocate crypto just saying that it have same drawbacks that is point of truth and people
  • 0
    @vane I been there, thought governments are bad and banks are stealing money. Turns out they (Gold + Crypto) are using this to justify and steal money passively indirectly.
  • 0
    @unclesam so basically you're saying crypto is a poorly executed idea based on an utopia but turned into a scam by all sorts of fuckers + government efforts to discredit and outlaw it before it became a threat?
  • 0
    @unclesam Who’s not bad ? It’s not paradise.
  • 0
    @molaram Crypto built for internet payments not for holding like you get next Lamboghini with Corona. Suckers turned it into a scam. Governments tried to prevent this happening but let me tell you what, greed is the ultimate virus of humanity, people doesn't listen.
  • 0
    @molaram You have to work in a Bank to see how badly people go for buying Bitcoin. It's just insane. My wife work at a Bank and she tells me people even using Mismatched Sender Names to trick rules, eg: Conbase instead Coinbase
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