There have been moneychangers for millennia. Prior to the invention of coinage they exchanged sheep for copper, or corn, or beaver pelts. Their larceny was often unbounded, because using the assets at their fingertips - often not theirs - they could kick back a chunk of change to kings and warlords to gain the services of a bunch of mercenaries to forcibly take whatever they wanted from whoever they wanted to take it from, and often the only law was might makes right (which is why there were kings and warlords).
By the 13th Century the nobility had enough, and they sat down King John and hammered out the Magna Carta which established laws that still pertain today. John Titus of Best Evidence lays out the present exigency we are all in, as banks today claim our assets in a process called 'Bail Ins'. If you read your ToS with your bank you will find language that describes the legal situation regarding your bank account. You have given the bank money in exchange for it's promise to pay you some interest (and charge you fees to take your money), and to pay you back under certain conditions.
This is not a position I want to be in with banks, because they are larcenous thieves, and have only been restrained by the power of government as wielded by political power other than kings and warlords since the Magna Carta was enacted. It is blatantly obvious today that the political power of plebs in democracies is not well respected, as our various governments treat us more like barnyard animals and banks again practice rapine, only today on a national scale, rather than stealing one estate at a time.
Neither are CEX's and crypto any different, which is obvious from AML and KYC rendering us personally identifiable and our assets seizable, as well as the sudden influx of banksters into the BTC market. It is foolish not to fear their millennia of experience taking money that isn't theirs using force and lies when it is your assets ripe for plunder. Since the advent of BTC in 2009, a multitude of means of taking it from it's owners have been used, demonstrating that cryptographic keys aren't a fool proof way to secure digital assets.
The upshot here is that if Yellen and the Fed can take Russia's money, because of any reason other than Russia owes it to them and there's documents with wet ink signatures in Russian to that effect, then Yellen and the Fed can do the same thing to you. You may not like Russia, but you only have the same rights and laws securing your assets they have. If you cheer when the Fed creates a precedent that they can take money from people just because they don't like them, sooner or later they'll find something about you they don't like.
That's the basis of the rule of law. No one, not you, not Russia, nor the Fed, have any rights everyone else doesn't. Defend it, because it defends you. Break it, and break your defenses. We've had the rule of law for less than a millennium, and civilization and the felicity of humanity has blossomed in that time, creating a paradise unimaginable by our forebears whose burden of larcenous theft of their assets prevented them from profitably investing prior to it's advent. We are losing it today... No, it's being TAKEN from us by larcenous banksters and corrupt politicians. We need to hold onto our wallets around these people, but we can't unless we do the same thing the nobility did, and unify to demand just laws continue to secure our rights and property. Klaus Schwab doesn't think we will. He predicts we'll own nothing.
We can't fight for the rule of law if we're fighting each other. Now is the time to stand firmly together to oppose squatters stealing people's homes, banks stealing people's accounts, and governments stealing our children's birthrights by saddling them with unpayable debts that will impoverish them. We are not given the highwayman's choice, 'Your money or your life.' We are defending the lives AND money of our posterity, as well as ourselves. Thieving banksters want it all, and they'll get it unless we oppose them by defending just laws and courts.
This political power other than kings and warlords, have now become the puppet masters OVER the kings and warlord... they have become the shadow kings and shadow warlords. They used to be called "deepstate", but since becoming externalized, they are now simply known as "the world order".
That political power is exemplified by the WEF, the forum of the most wealthy and powerful corporations in the world. They're tired of sharing the wealth of the world with us. We're going to have to become the most powerful political force in the world again, or die trying.
Thanks!
It takes more than just money to stay alive.
Interestingly, it doesn't take any money at all to survive. It only takes money to participate in civil society, and but little of that.
I agree with you about the banks, they charge exorbitant rates for their services which are essentially a scam in that there are situations where a customer can lose access to their assets.
My bank disabled the ability to log into my personal account through my browser, leaving the ability to access exclusively through their app. When my smartphone broke, this innovation of my bank was news to me, because I could not pay for my new smartphone order via my laptop! No notification was sent to me of course.
I think this is part of the mechanism of accounting for our departed refugees, or an opportunity to save money on them by depriving them of access to their accounts without actually arresting them. But I haven't found any facts on that yet.
I'm curious about the cryptographic security you mentioned.
I have not heard before that someone managed to crack the password of a bitcoin wallet.
Of course I don't take into account numerous cases of centralized exchanges/wallets scams, or loss of cryptocurrency, data, passwords due to the fault of a user who is not familiar with the basics of cybersecurity or digital literacy of surfing the net.
A lot of lazy people knowing this will still use the services of banks because it is convenient, relatively cheap and safe. They will be sure that they - law-abiding, average, not rich citizens - cannot be affected by it.
I'm one of those people myself, even though I got the basics of cryptocurrencies and blockchain at the user level easily, and unlike them, I took the time to do it on the right occasion!
I wonder if there are people on the blockchain for whom this information will be new? But Thanks anyway. I found out what I wanted to read a little deeper about
The keys have proved irrelevant to most of the mechanisms by which BTC has been stolen. I haven't heard of the cryptography being cracked, but there are a lot of ways it has been made irrelevant, such as by bad opsec enabling keys to be sussed out, which has happened to me. A lot of crypto has been stolen by, or from, exchanges, perhaps most famously Mt. Gox.
Leaving crypto on exchanges, like leaving money in banks, is just bad juju. I don't do it.
Thanks!
Dear @valued-customer !
As I read those sentences, I thought you were against socialism and communism in Europe!😦
The world I currently live in is dominated by Chinese-style communism and Japanese-style socialism.
So, I find it difficult to understand your excellent thoughts!😂
That's because you are a civilian of the United States, equal to the President of the United States, but I am a servant of the Overlord!
It is difficult for a servant of an overlord like me to understand your thoughts!
I am. Socialism and Communism are political systems in which individuals do not have rights. Society and the community have the rights according to those philosophies. However, political systems aren't ever actually ruled by society or the community, even when voting rituals are featured, because criminals always gain power to rule such systems and they are the beneficiaries of all the rights of all the people over which they rule. Society is not socialism, and community is not Communism. Political systems are run by politicians, who are ubiquitously liars that take all the wealth and power they can steal.
Communities and society are comprised of people that actually do have rights they're born with. Only people have rights, because only people can be born with them. Societies and communities do not have rights, nor does any political system. The people in the group have rights, and when they gather together as a group, such as a society or community, of people with rights and authority they can impose force on politicians to compel them to respect their rights. Politicians lie when they claim to be acting on behalf of the people they rule, and are always seeking to steal more wealth and power through higher taxes and worse surveillance and oppression that subjugate the people of the society or community ruled.
Free and sovereign people need to gang up and impose force to reduce taxes and oppression, because lying politicians are stealing from us and it is becoming existentially dangerous to allow them to continue.
Thanks!
Dear @valued-customer !
I am always attracted to the charm of your revolutionary, dangerous, and genius ideas and sentences!
It is difficult for an American elementary school student like me to fully understand your wonderful ideas!
patriamremin
Perhaps even your own people will find it difficult to understand your thoughts!
Perhaps he is opposed to your ideas!
I hope you understand that I have no intention of offending you!😂
I made a poor guess that there was currently a war going on between Americans!
I hope your haelth and long life!
An age of squalor and decay is destined for a civilization built on rotten footing. The whole earth's nations are all built on the same foundation and it has a missing stone, the bulwark for the whole.
If I have learned anything useful in my decades of work in construction, it is that there is no point in building on an insubstantial foundation, but the first thing that must be done is that the foundation be fixed so that it will firmly provide bearing for everything atop it.
Thanks!