[Cryptography] Bitcoin theft and the future of cryptocurrencies

grarpamp grarpamp at gmail.com
Tue Dec 19 21:32:05 PST 2017


On Tue, Dec 19, 2017 at 10:45 PM, John Levine <johnl at iecc.com> wrote:
> In article <CAH9pdwftbj2Rwk8ih=3TGs0uj_ssU-oi_DsU-E1kaEpP2yLLTA at mail.gmail.com> you write:
>>The real question is if people (as in the average joe, not just from the
>>crypto community) would trade the anonymity of bitcoin and other coins for
>>one that's less private but more scam and theft-proof.

Avg Joes really don't like people and corps and governments all
up in their business. Don't believe this, ask them over beers.
If you give them two otherwise identical coins, tell them one's
private and the other isn't with an honest five minute explanation,
they'll pick the private one. It's up to you to make, give, and explain.

Bitcoin is nowhere near private or anonymous.
Genuine cryptographic privacy needed for that, such as found in
the Zerocash (Zcash) family of coins, as well as other
technology and tools. Even then some attention to proper
usage is needed.

Explain to Joe USA that banks and governments are actually
silently scamming and thieving him to the tune of around 3% a year
via simple inflation, plus much more on top of that via other means...
he'll probably be quite happy to attend your cryptocurrency
handling and storage class. People aren't completely dense,
they do ask and want to know how, especially if they find
you trustworthy. You have to earn that.

> If you compare the number of transactions done with cash these days to
> the number done with plastic, the answer should be pretty obvious.

Plastic is a scam, designed to track, control and tax your ass
under a guise of being beneficial, all while being easy to swallow,
which you did.

Cryptocurrency is the new plastic, without the scam.

> This article in today's NY Times looks at NY doormen and other
> employees who have traditionally gotten a lot of income from cash
> tips, but nobody has cash any more:
>
> https://www.nytimes.com/2017/12/18/style/seasonal-tips-cash-free-payments.html

There's a "war on cash" against humanity conducted by governments
banks and corps don't ya know. Search that string.

Cryptocurrency is the new cash. Get them setup
on their phone, tip well, tell them it'll be worth something if they
manage / use it well together within their peer / community groups.
That will get their attention and spark something there much more
than yet another boring $10 bill would. That's your job.



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