Cans For Crypto & Privacy Concerns
I'm not sure how long I've been saving aluminum cans. Might be more than a year now. Used to be everyone in this household would just throw their cans in the curbside recycling bin and get none of the CRV tax-return.
Even though it's only 5 cents per can (max) I figured if I saved that tiny bit of money and threw it into crypto it could actually be worth something one day.
I bring this up because after however many months/years it's been I've finally taken my 11 bags full of cans down the the recycling center and got my refund:
$46.25
Big baller.
All those garbage bags full of cans in the garage were getting pretty annoying.
Now, $46.25 is obviously not a lot, but the whole plan was to try and use that money to buy at a low and hold it for years to see how much those cans could be worth someday. I still haven't decided where I'm going to put the money, but I'm leaning toward Ethereum or Monero. Probably Ethereum because their wallet options are really nice and it seems like Ethereum has the most development of any other chain in existence (when you count tokens). Feel free to comment on which network you think I should dump the money into. It could be anything.
Privacy
On the flip side privacy coins really haven't had their time to shine. Going forward it becomes quite obvious to me that the government is going to have a hellova time trying to tax/regulate crypto. I'm quite sure a bunch of weird court cases are going to arise that make people realize that privacy is of the utmost importance.
I say this not because I think that people are going to use privacy coins for tax evasion and other illegal activity; I say it because it is literally impossible to fully comply with tax laws (and other regulation laws). Tax law is not compatible with web 3.0, and I think the obvious solution to this is to eventually abolish taxes completely and pay for everything with newly minted inflation.
I've seen a lot of people on Twitter asking this same question:
Why are we paying taxes if the FED can simply print more money to pay for everything? My response to these people is always the same: By forcing financial slaves to pay their taxes corporations and other large entities can loophole out of said taxes and mitigate the burden of inflation on the lower classes. In this case the lower classes also includes the upper-class people who don't have the resources to loophole out of tax laws. Only the extreme elite have the ability to do this. Even the regular elite are financial tax-slaves.
The Craig Wright case is super interesting for me.
I "hate" Craig Wright, I think he's a total douche and his whole vibe could never be the same aura of the person who actually created Bitcoin altruistically for the entire world. However, his court case is super interesting. It really shows us that even when we know someone is totally full of shit it doesn't really matter. There is nothing we can do. He owns his keys and there is no way to take his keys away from him because he really knows what he is doing.
I believe the ultimate conclusion to the Craig Wright case is obvious: he's going to pull an, "Oops! I lost all my keys I guess I'm broke now!" and then declare bankruptcy. No one will be able to prove he has access to the millions/billions of dollars that he very obviously has access to.
That's just the magic of crypto; it exists for everyone, even people you hate. Even for the banks, governments, and corporations.
Crypto does not discriminate.
Flat architecture does not choose sides.
This is Web 3.0
Get over it.
Conclusion
$46.25 is not a lot by any standards, but luckily as I've stated many times, crypto is not a store of value; it is a font of exponential value gains linked directly to technology itself. Bitcoin is not Gold 2.0. Bitcoin is more like a financial representation of how fast technology is evolving. Because technology is advancing exponentially, so will Bitcoin continue to double in value every year. Gold has nothing on Bitcoin. Comparing the two is like comparing apples to flying-saucers.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| $12.8k | $25.6k | $51.2k | $102.4k | $204.8k | $409.6k | $819.2k |
Long-live the doubling curve!
Our fate as a species might depend on it.
Of those 2 choices I would choose ETH... I found myself in a similar position earlier this week between ETH and BTC.. I went with BTC
Are you going to increase your Bitcoin stack with it?
Even my tax preparer the year before last wasn't really sure what the government was expecting for reporting. Hive presents even more complications with the large amount of micro transactions. And are part of them considered a gift? Uhgg
probably technically more of a tip because technically you're tipping for "quality content" or whatever.
But still... it's all ridiculous.
MMT is going to become much more popular. People just love the idea of magic pixie dust that solves all problems.
I love your zeal, but my age and experience lead me to conflate it with naivete.
My earliest education regarding courts was that savage crimes committed by law enforcement agents for private gain were simply ignored, and that fault has only grown in the decades my hopes have been serially crushed. Epstein's murder, the assassination by drone strike of an American child during the Obama administration, Abu Ghraib.. my stomach turns just to contemplate continuing the list.
When the power of banksters to rule is at stake, I do not expect the institutions they provide to implement that tyranny will suddenly save us.
Still, thanks for reminding me that free society will arise and the end of barbaric parasitization will come.
Yes, that's what I'm saying, they are going to fight 100 times harder but it is also going to be 100 times more difficult. I think we got a taste of how this will go down during the pirating era of Torrent file-sharing. They don't have the resources to go after everyone so they make examples out of the most blatant offenses.
The biggest problem is that it's going to become extremely unprofitable for them to continue the battle, just like the war against Torrents showed. Their only option will be to co-opt the industry by adapting to it. People don't pirate content anymore because they just buy a monthly Netflix subscription or whatever. It took like 10+ years for them to adapt. Lot of crazy stuff is going to go down.