FATCA will drive the world to crypto-currency

[iamnotback]

https://www.armstrongeconomics.com/world-news/taxes/when-the-back-office-becomes-bigger-than-the-front-office-it-is-time-to-die/

https://www.armstrongeconomics.com/products_services/launching-socrates-new-payment-system/

We also had Bill Gross recommend Bitcoin, Japan reduce tax on it, and Russia's Finance minister indicate he thinks Bitcoin may become acceptable in Russia later.

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[iamnotback]

Perhaps readers need a summary to perk their interest.

The point is that if you want to sell internationally, then the payment providers are not going to be able to handle your business. You will need to accept something else. But what else?

We need a crypto-currency that is in the hands of millions and easily accessible for international commerce.

[bitbunnny]

There is some kind of rebel aginst FATCA in my country too. People are very reluctant to give those data and fulfil the obligations that banks are asking from them. But would Bitcoin be able to.solve this problem as alternative? I' m not so sure.

[pereira4]

Im still yet to see Russia being officially positive for Bitcoin. Russia wants a lot of control of monetary policy and Bitcoin escapes all control no matter how much you want to regulate the exchanges. They have been scaring people with jail time if they had Bitcoins in Russia not a long time ago so we'll see.

Anyway Bitcoin cannot be stopped no matter what policies governments come up with.

[iamnotback]

There is some kind of rebel aginst FATCA in my country too. People are very reluctant to give those data and fulfil the obligations that banks are asking from them. But would Bitcoin be able to.solve this problem as alternative? I' m not so sure.

It is not avoiding giving information. The point is the credit card companies won't allow merchants to have more than 5% of their customers come from internationally.

In order to sell globally, it is becoming more and more implausible.

So merchants and their clients will need to move to crypto-currency in order to transact globally.

[Yakamoto]

It definitely wouldn't be surprising, in my opinion, if the FATC Act starts to push more people to buy from companies online using cryptos then they're more than likely going to start paying more attention to that, and that isn't necessarily something that I or a lot of other people want to see happening. The longer the feds can stay out of Bitcoin the better imo.

[iamnotback]

It definitely wouldn't be surprising, in my opinion, if the FATC Act starts to push more people to buy from companies online using cryptos then they're more than likely going to start paying more attention to that, and that isn't necessarily something that I or a lot of other people want to see happening. The longer the feds can stay out of Bitcoin the better imo.

The Feds are coming after Bitcoin any way. I argue that Bitcoin was created by the elite because it enables digital tracking of everything.

You don't really believe this notion of "Satoshi Nakamoto" being some lone guy in his garage? Come on, get real. In any case, it doesn't matter. Bitcoin is the 666 digital kill switch.

But Bitcoin isn't the only possible crypto-currency. There are others with anonymity.

Actually I don't think anonymity should be the goal. We are going to move to a digitally tracked world. There is nothing anybody can do to stop that. Revelations can't be avoided. It is a natural progression of the species of man to destroy himself.

Embrace it. Profit. Live and die. Pray.

I would argue that it will play out over a longer period of time.
Here is the Jewish view on the future and how it will play out.

http://www.beingjewish.com/soul/future.html

If I believe it, does that alone make it real.

It makes it real for you

That was my point. ;-)

Btw, the following points by Freeman Dyson are going to tantalize your mind:

https://www.edge.org/discourse/dawkins_dyson.html

Now I understand why Eric S. Raymond (160 IQ) said he felt like the slow kid in the family when he ate breakfast with the Dysons.

Dyson is speaking about what you had pointed out about a balance between evolving too fast and losing too much information versus not evolving fast enough.

As it turns out, Dyson is correct that evolving too fast remains always the outcome (see his reply to Richard Dawkins), as nature routes around the mature species by chaotically rendering it extinct.

Thus I was correct to favor a higher rate of disobedience within the species and also because Dyson seems to be correct that horizontal transfer is exponentially faster than Darwinian evolution! I need to spend some more time thinking about all the implications of this and make a followup to my article "INformation is Alive!".

I would very appreciate if you'd make a comment post about these matters. I don't have time to think it out right now.

I'd still love to collaborate with you more. My back is against the survival wall at the moment.

Dyson declared in 2000 that he is a non-denomination Christian. They say his IQ is in the 180 range.

I don't have as high an IQ as him (I lack the memory and fast computational engine), but I share his love for being a contrarian and I do seem to have a very IQ in terms of mapping concepts in my mind (but I first have to get rid of all the symbols and other translational noise that clutters my parallel visualization engine, because I don't have an exceptional IQ in the realm of I/O and sequential processing).