Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
TheFascistMind
on 11/09/2014, 03:43:52 UTC
FATCA & How It is Destroying International Commerce

This is what I posted upthread how the powers-that-be will eventually make it is impossible to get enough cash if you can't document where the cash come from and is going to.

This is why ring-signatures are useless anonymity if you need to convert some crypto-currency to fiat.

Thus follows only two solutions:

1. You've got to make the anonymous currency popular enough that you less often need to convert it to fiat in order to use it. The anonymous coin must be a currency, not a silly investor pump like Monero.

2. You've got to make it such that when you do convert it to fiat, you can provide your private keys if necessary and it can't be proven that you story of where you obtained the funds can't be proven false. (Obviously I am withholding some details on my thoughts here).

P.S. sooner or later readers wil learn that I am rarely wrong about the future when I've researched it extensively for the past 9 years. To the poster who says Armstrong would be rich if his model was always correct—he is.

Edit: I don't have time for stupid shit! We have a serious problem in the world now.

Edit: if you want to talk about scams, look at Monero's emission curve which was designed to give most of the coins to your group of early investors (so you are not a scammer  Huh ):

Emission curve variants

http://i.imgur.com/jSu2EQU.png