The Crypto Revolution is Heating Up

in LeoFinance4 months ago

I've said before (many times, for years) that holding crypto is a revolutionary act. Here's one post about why that is: https://leofinance.io/@nealmcspadden/the-crypto-revolution-is-just-getting-started

We've seen the on-again, off-again crypto bans coming out of China.

This morning, I saw this story: https://www.zerohedge.com/crypto/bank-russia-calls-full-ban-crypto-mining.

Then someone shared this story with me on discord: https://www.livebitcoinnews.com/pakistan-is-considering-ending-all-crypto-activity/

So it seems that while some polities like El Salvador, Rio de Janeiro, and Miami are embracing crypto, others are reacting out of fear and are trying to stop crypto.

Let's be clear, the only way to stop bitcoin or crypto more generally is to turn off the internet and leave it off forever. With Musk's satellite network that is becoming logistically impossible.

So yeah, the revolution is heating up.

There will be bans like we saw in Nigeria.

There will be countermeasures taken by the crypto community.

One of the most interesting countermeasures is going to happen on Thorswap when they integrate Monero and/or Haven coins. Then you are 2 native swaps away from true anon wallets with no centralized exchanges in the picture.

Stay tuned, the next revolution will be televised....

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Interesting view and read. I agree with that crypto can only be stopped by shutting down the internet. And that would also shutdown banks and totalitarian governments. 😂 Thanks for posting.

Yep, the whole modern economy would crumble. And that's even if they could do it, which I doubt.

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I really wish I coulda used my guns on some corrupt politicians and business persons.... but now I think im gonna sell them cos they are collecting dust/rust and not APR/APY...

You may consider that your mere possession of countermanding force precludes even attempts to impose worse tyranny than has been effected. Investments all have their dividends, and those in personal arms are far more valuable than mere money.

Keep your powder dry.

Might be nice to be able to provide some real-world liquidity if/when needed. Obviously I'd never get rid of them all.. You gotta stay dangerous.

Ever roam over to the coast? I'm in Pacific City. I'd love to admire your investments with cash in hand.

I FKN LOVE PACIFIC CITY!!! My grandma always took me to Cape Kiwanda as a kid, and it's become my go-to destination when ever I head west. Cape Kiwanda RV, Dooryland Pizza, Moment Surf Co. , The big ass sand hill, Tide pools... that is the perfect place!

Cool. Let me know if you're headed this way and I'll buy you a pound at Sporty's.

DUDE THEIR NACHOS!!! (The sportsman's pub)

Have guns, will yield farm?

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If snek is stepped.

As I keep harping upon, I will fear governments ability to stop this when they can stop the illegal download of music. Since we are 20 years in and there is no way for the governments to stop this, it tells me we are dealing with an entity that is not suited for the digital world.

And you missed a bit one on your list: New York City. Plus there are supposedly hundreds of cities lining up for the CityCoin project.

Then we have this, a call for a ban on crypto mining in the EU.

https://www.marketwatch.com/story/top-eu-regulator-urges-ban-on-crypto-mining-that-he-claims-is-sucking-up-renewable-energy-1,1642602730

I though renewable energy was meant to be sucked up, it is renewable. Isn't that the point?

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Yeah, it wasn't an exclusive list.

Market demand for renewable energy? The horror.

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Confuses the left.

You will have to forgive them.

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Ah yes, I know how much you despise those centralized exchanges. Not that I blame you!

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At this point crypto is already a giant sandworm that devours entire economies.

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The only way to beat the worm is to become the worm

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You love your ZeroHedge haha.

But honestly, this is what I'm most excited about:

One of the most interesting countermeasures is going to happen on Thorswap when they integrate Monero and/or Haven coins. Then you are 2 native swaps away from true anon wallets with no centralized exchanges in the picture.

Once the cat is out of the bag and permissionless, cross chain swaps into privacy coins with endless liquidity is here, there is no shoving it back in.

THORChain is going to force change across the entire financial and legal system.

Better strap in.

The systems aren't going to change without a fight.

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Yeah, I read ZH a lot. They have some nice nuggets from time to time.

The systems aren't going to change without a fight.

That is for sure.

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I think we will see this a lot over the years, We are seeing the biggest transfer of wealth and some are going to be on the right side some now.

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I believe it will be hard to shut down Crypto currency because many people from different countries have been engaged in Crypto currency,are you going to shut the whole world network down, that's while is not easy to shut down Crypto currency down.

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