Fiat Currency is failing democracy.
I have made an attempt to educate the F generation* person over the last month. It has been a complete waste of my time and simply angers the
person I am trying to help. But recently I think I have figured out how to break through the communication barrier.
This is my socratic method.
First Draft of questioning:
- Have you ever heard of cryptocurrency?
Common answer 99% No - Have you ever heard of bitcoin?
Common Answers:- 75% I think it that digital currency that can't be tax OR drug dealers use OR the ponzi scam
- 10% No, I have have never heard of bitcoin.
- 15% it is a scam! I am very experienced in everything (non crypot) and anyone who even looks at it is a fool and only an idiot would waste their
money in bitconin and you are an idiot for even talking about it!
In the event of answer 1 and 2, the conversation seems to turn into me trying to explain the weather patterns on Titan, a moon that orbits Saturn.
At this point the conversation is just waste of time for everyone. My time would be better spent talking about the tabloids.
A few times I would follow up with more details like:
"Bitcoin is an open source currency that gives the power back to the people and removes government manipulation or control over our currency." Surprisingly I
receive a very sour looking face and a comment like, "that doesn't sound like a good idea." or "I don't like the sound of that."
But my last 3 random questionnaires (my public survey of unaware participants) went like this...
have you ever heard of cryptocurrency?
Common answer99% NoHave you ever heard of bitcoin?
Answers:- 75% I think it that digital currency that can't be tax OR drug dealers use OR the ponzi scam
- 10% No, I have have never heard of bitcoin.
- 15% it is a scam, I am very experience in everything (non crypot) currency and anyone who even looks at it is fool and an idoit and you are an
idiot for even the word.**
- Well do you pay taxes?
- 100% - Yes, followed by a look of "where the hell is this going..?"
- Where does your money go after you pay your taxes?
- A blank look. lol
My response to the blank look.
"Exactly. With tradition currency the money is completely anonymous. It is not tracked. You can't see where the money goes once it is spent. Does it all go to
one fund and then sent to many? No really knows."
"With Cryptocurrency every transaction is recorded and publicly shared with everyone who owns the currency. You could track every transaction."
"The common misnomer is cryptocurrency or bitcoin is anonymous. But it is tacked. Granted there are ways to keep it anonymous but they are much more easier
ways to hide cash form the current system. And even then the bad guys (drug dealers and such) always get caught. Haven't seen how the bad guys are always getting houses filled with
cash ciezed?"
I still have a ways to go on my Sorcatic Method but I am getting closer. I have purchased all of my coins thru companies like coinbase who has my Drivers license,
last 4 of my Social, phone number, bank account, debit card, and email. Once the coin leaves my coinbase it is tracked every single time it moves. Anyone
with a few minutes can track it back to coinbase. Any government offical (with just cause) can get information to that account. Cryptocurrency has
5 major weaknesses and this 'untraceable' claim is not one.
*F Generation: those who have failed from ignorance. A generation based on the time of birth but on the paradagim of living and accept fiat currency as good
enough.
** I have not had a response to Answer 3 ( your an idoit go away) with this new tax question yet.