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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (480263)	9/29/2021 4:20:38 PM
From: cosmicforce	Respond to of 541141

Be careful what you ask for... The government knowing everything and not knowing everything is the difference between a totalitarian and a free state. We, progressives in general, want billionaires to lose their financial privacy because over $100 MM (to pull a number out of the air) money becomes something else. That something else is "secret and corrupting power" but unlike ice forming all at once at 32 degrees - it depends upon the context. I'd say that almost all transfers of $1 BB are almost certainly about power and transfers of $1000 or less are generally NOT about power. Again, if someone is getting donations of $1000 but there are a million of them, it is more like a single transfer than a personal act. The attractive feature of crypto is not the "anonymity" part but "scarcity". To me it is just another thing to diversify into that can't be easily screwed up by the current finance excesses. Like a knife, bottle of wine, or a bag of flour - there is some "durability". Physical objects are not very transportable though. The investopedia article below does a good job of talking through the six points. investopedia.com 1. Scarcity 2. Divisibility 3. Utility 4. Transportability 5. Durability 6. Counterfeitability (Resistance to ...)