|
The article makes a good point about a physical address still being needed to deliver goods, but suppose you're just transferring money (and that's all you use the wallet for).
I'm not familiar with the process, but what's to keep one from submitting completely fake information when creating the wallet? It seems to me like every link that was ever made can still be tracked to some "external" thing someone made at some point, and not necessarily an inherent flaw in the system. Not that I believe the system is flawless. Merely curious.
|
|
|
|
|
Well I'm not able to answer your question because my knowhow about that is too low.
But perhaps they make some kind of identity check when a person is creating the wallet.
|
|
|
|
|
I went over a few more articles on the topic, and it very much sounds like, for all practical purposes, there's no way to get a wallet created without handing over some ID of some sort - countries have ensured those business entities cannot operate within their border without it.
I've concluded the system has been compromised, no way around it. So virtual currency has lost its only real benefit. This has done nothing to help convince me I should get into it, even with any sort of promise to make any amount of money out of it...it remains a dead end to me. 
|
|
|
|
|
|
dandy72 wrote: Can they? Last I heard, the best you can still do is associate a transaction with the wallets that were on both ends of it, but not who the respective owners are.
No government on the planet will willingly make themselves smaller with less authority. Not without a war being started. Money rules the world. So, you can rest assured, there will be a way if that way isn't already here.
Jeremy Falcon
|
|
|
|
|
As cynical as you make it sound like, that is absolutely the truth. To believe overwise is just naive.
|
|
|
|
|
History has demonstrated the leaving money production in the hands of smaller organizations just does not work.
The point of money is not as an investment. But rather to buy a loaf of bread. A economy cannot work if I buy a loaf of bread this week, then work for a week, and then next week a loaf of bread costs 5 times as much as last week.
There is no way for a company to pay me because I expect to be able to buy a loaf of bread after I work. There is no way to deliver the bread, or to buy the ingredients for the bread, or to pay the cashiers at the store because they all expect to buy bread also.
There are countries where exactly that happens. It is called hyper-inflation. And people stop using the currency where it happens.
The fact that people can abuse the system is irrelevant. After all FTX, Terra Luna, etc all failed as well due to problems caused by people. But at least the possibility exists that a government might recover.
Investing in actual currencies in the world is something that already occurs. And it has been happening for a long time. So the fact that one can change dollars for yen is not just a convenience for travelers but also a way in which legitimate investment can and does occur.
|
|
|
|
|
Yeah I've been thinking about your post here for about thirteen seconds now and I've come to the conclusion that prapps you might buy something using bitcoin whatever the downside to such a purchase might be.
|
|
|
|
|
I wouldn't bother with crypto currency, and playing around with it in the true Anarco Capitalist ways, since that sort of went out the window when Bitcoin dropped from it's high to the $17K level in 2023. Using Bitcoin to transfer funds, or moving cash out of your country to another is fine if that's what it takes to preserve your wealth from a poorly functioning Government or Central Bank, and high levels of inflation. Or if your buying illegal items from off shore for resale and you need to make payment, or simply send cash to a relative that lives in a more primitive economy that still values Gold and Silver over their failing currency.
Regardless of the coin, or financial instrument if that's what you want to call it, playing with crypto is like playing with fire, and can lead to your financial distress if you don't know how it works and use it properly. But shopping with crypto was the intention of the Anarco Capitalist, where it never really panned out as crypto was sort of high jacked by other people who had different intentions, or found better ways to use it that I won't mention here in public.
This is just my 2 cents, and I wouldn't transfer funds using a US card or US direct bank wire to a crypto exchange, just to shop online, and would instead use a credit card for direct payment to the trusted vendor or platform. I know there are Pro-Crypto folks here that disagree, but we should be able to agree that you need financial training first, before you enter this new world of finance.
What is Anarcho-Capitalism? Political Philosophy - YouTube
If it ain't broke don't fix it
Discover my world at jkirkerx.com
|
|
|
|
|
Wordle 914 3/6
β¬β¬π©β¬β¬
π©β¬π©π¨β¬
π©π©π©π©π©
|
|
|
|
|
Wordle 914 5/6
π¨β¬β¬β¬β¬
β¬β¬π©π¨β¬
π©β¬π©π¨β¬
π©π©π©β¬β¬
π©π©π©π©π©
|
|
|
|
|
Wordle 914 5/6
π¨β¬β¬β¬β¬
β¬β¬β¬π¨β¬
π©β¬π©π©β¬
π©β¬π©π©π©
π©π©π©π©π©
|
|
|
|
|
Wordle 914 6/6
π¨β¬β¬β¬β¬
π¨π¨β¬β¬β¬
β¬π¨π©π¨β¬
π©β¬π©π©π©
π©β¬π©π©π©
π©π©π©π©π©
βThat which can be asserted without evidence, can be dismissed without evidence.β
β Christopher Hitchens
|
|
|
|
|
β¬β¬π©β¬β¬
β¬β¬β¬β¬π¨
β¬π¨π©π¨β¬
π©π©π©π©π©
In a closed society where everybody's guilty, the only crime is getting caught. In a world of thieves, the only final sin is stupidity. - Hunter S Thompson - RIP
|
|
|
|
|
Wordle 914 4/6*
π¨β¬β¬β¬β¬
π©β¬π©β¬β¬
π©β¬π©π¨β¬
π©π©π©π©π©
|
|
|
|
|
Wordle 914 5/6*
β¬β¬β¬β¬π¨
π©β¬π©β¬β¬
π©β¬π©π©β¬
π©β¬π©π©π©
π©π©π©π©π©
Happiness will never come to those who fail to appreciate what they already have. -Anon
And those who were seen dancing were thought to be insane by those who could not hear the music. -Frederick Nietzsche
|
|
|
|
|
Wordle 914 4/6
π¨π¨β¬β¬β¬
β¬π¨π¨π¨β¬
π©β¬π©π©π©
π©π©π©π©π©
Ok, I have had my coffee, so you can all come out now!
|
|
|
|
|
Wordle 914 3/6
β¬β¬π©β¬β¬
β¬π¨π©β¬π¨
π©π©π©π©π©
Jeremy Falcon
|
|
|
|
|
Have you ever used "conductive grease"? I have and here's some of what I've observed.
Years ago I got some MG Chemicals carbon conductive grease for automotive and shop use.
* It worked great on '70s car electrical connections like batteries. Other connections like alternators and fuel pumps were not sealed and corroded quicky in New England winters. A little conductive grease would keep things working well.
* Also in the '70s, back in the days of C-cells, even the best alkaline batteries would leak when discharged fully. After cleaning the corroded battery contacts as well as I could with sandpaper or wire brushes some conductive grease would help get the appliance going again reliably.
* Normally crummy wiring and connections for phones and stereos were all improved with the grease.
* Be careful with carbon grease if you are wearing good clothes. The smallest smears of this stuff will ruin nice shirts and pants in no time.
Then I moved up to "fixing" a burner on my '60s electric range. One of the rear burners on my stove over time had been subjected to repeated boil-overs, among other indignities, and eventually stopped working. I decided to apply conductive grease to the corroded pads on the burner coil where it connected to the range receptacle.
After energizing the greased connection everything happened "in a flash", so to speak. A few seconds after powering the burner on the receptacle contacts heated up and the grease started to smoke. This led to a conductive grease vapor that produced a short circuit in the receptacle. ZZZZZTTT-POW!! The 220v arc lit the room like a flashbulb.
I doubt that the event emitted any X-rays but the light, sound, and smell were pretty impressive.
Afterwards one of the burner coil resistive wire leads was gone. Vaporized. Melted blobs of metal were spattered all around near the receptacle connector.
Surprisingly, the 50 amp main circuit breaker never tripped. It was a really quick over-current event.
From a few rooms away my SO asks, "What the heck was THAT?" I replied, "No worries!" as I was still digesting what had happened and shaking a little bit.
After that I didn't use conductive grease for anything for 20+ years.
Dang! My '58 Renault Dauphine has another flat tire.
|
|
|
|
|
Interesting. My dad was an auto mechanic for 41 years before he retired, and while I know he's used all sorts of grease products, I don't recall ever hearing him mention anything about conductivity being a property of any sort of grease he used.
I know he's always very careful when changing a car battery to ensure the posts are clean, then might use some grease just to ensure the cables can still be easily removed years down the road, but that never has anything to do with conductivity. It sounds to me like if you have to use "conductive grease" to save you from bad contacts, then you're not really solving the underlying problem the right way.
|
|
|
|
|
I had a co-worker tell me about screaming into the phone when his dad told him he was going to put some WD-40 on the computers hard drive. Because everyone knows that just a little helps everything.
MrChug wrote: This led to a conductive grease vapor that produced a short circuit in the receptacle
Vapor? I would suspect more that there was some slop on the surfaces. Perhaps it squeezed out when putting it back.
|
|
|
|
|
I always use non-conductive grease on car battery terminals to help slow corrosion. Blocks the oxygen from reaching the metal.
I can see where the smallest dab of conductive grease could help with battery corrosion in the terminals.
I am wondering if it would be worth it to wrap entire batteries with electrical tape for corrosive leakage? I have a few batteries that always leak when they go bad. For example, the 9V rechargeable in my lawn sprinkler control.
|
|
|
|
|
englebart wrote: I am wondering if it would be worth it to wrap entire batteries with electrical tape for corrosive leakage
Interesting idea.
Would it still eat through that? Depends on acid and type of tape.
Would it still fit? Certainly with some of my stuff with batteries just squeezing the battery in is difficult. Even if I managed to push it in the process might scrap the tape off.
|
|
|
|
|
below is a link to a video of Clifford Stoll himself telling the story of the Cuckoo's Egg . it is amazing it was never made into a film .
MSN[^]
|
|
|
|
|
Despite the descriptions about how exciting it is I doubt this would work as a visual (tv/movie) event.
And it doesn't have any car chases or dragons so certainly that doesn't help.
|
|
|
|
General 
News 
Suggestion 
Question 
Bug 
Answer 
Joke 
Praise 
Rant 
Admin 
Submit an article or tip
