/biz/ - Business & Finance

>>16012226
You don't own your keys when you keep your balance on Livecoin, either. Cloud staking is a centralized service.
>>16013250
>>16014096
That's wrong for a number of reasons. Monero allows one to circumvent all sorts of laws and yet it's still going strong with a much bigger marketcap.
How come they haven't stormed the "Monero offices" yet? Would they shut it down if they could? Absolutely. How will they?
Would they have jailed Satoshi Nakomoto within a week of him launching Bitcoin if he was publicly known? Absolutely.
Regulators and central banks will only become more threatening towards crypto over time and it's because they know these technologies can destroy their stranglehold on the world's wealth.
They have more power over their populations than they do over these coins.

The men who rob a bank for $10k get 10-15 years. The bankers who rob society of billions get bonuses.
Bitcoin gives us a chance to be free from the debt-driven serfdom pushed onto the masses by the central banks. The mediums that sell Bitcoin, however, have created a long line of concessions that degrade its integrity as secure P2P cash.
>Poor solutions for exchanges that hold onto their customers crypto for them "in trust" on a centralized honeypot that has proven to be highly vulnerable to hacking, exit scams, and synergistic corruption of all sorts time and time again.
>KYC/AML requirements that strip away the choice of at-will anonymity and tether wallet addresses to names and places. First for fiat on-ramps, then for crypto-to-crypto. Increasingly, mandatory KYC is being used to add permission to permissionless blockchains.
From these 2 problems arise many troubling scenarios that not only make Bitcoin's ecosystem rife with compromises, but destroy its very essence in the first place.
>Anonymity. Immutability. Permissionlessness. Decentralization. Sophisticated encryption.
These are the things that make Bitcoin great. By the time it sifts through a few questionable mediums, nearly all of these things are removed and by the end of the trail there's a full record of the one time in May of 2018 that Joe Six Pack from Peach St. bought Bitcoin, so he better not step too far out of line.
>What should we do then? Accept that normies "have nothing to hide" because they desperately want to prove how good and upstanding they are to the authorities that look down on them as irrelevant peasants or cannon fodder and let them drag us all down with them?
No, to hell with that. Now and forever.
Stakenet is working to restore Bitcoin's integrity as P2P cash on every front.
>Private ownership of encryptable exchange wallets.
>Decentralized ownership of an immutable and completely permissionless DEX secured by a vast network of MNs
>No accounts, no KYC