Crypto Concerns

People fear what they do not know.

‘Bert’ asked me to give my opinion on this piece:

Basically, the concern is

The monopoly of the government to create money goes back to ancient times. They will not surrender that power. They have allowed cryptocurrencies to exist ONLY to get the people to embrace them letting the private sector sell the idea and then they will confiscate them all.

• The writer has zero concept of how decentralization on the blockchain works.

• He’s assuming that everyone will comply, and that to ‘confiscate’ cryptos, technocrats need only push a button.

• Fear is ALSO what gets people to sit and do nothing.

The only way they can take my cryptos is if they put a gun to my head and I submit by giving them my wallet keys.

And since I’m not afraid of death…

They will go home empty handed.

I’m not saying everyone needs to not be scared of death.

But enough of us aren’t.

Also, anyone who knows the most basic fundamentals of blockchain and the use of cryptocurrencies also knows that using centralized exchanges for trading is suicide.

If you don’t have the keys to your wallet - it’s not yours.

Your keys, your wallet.

Consciously or unconsciously, Mr. Armstrong is using fear to dissuading people from doing anything that would provide them sovereignty over their property - the commodity they create (data).

Fear activates the amygdala, which is a part of the brain responsible for processing emotions and triggering the "fight or flight" response. When the amygdala is activated, it can cause a release of stress hormones that can interfere with the functioning of the prefrontal cortex, which is the part of the brain responsible for reasoning, decision-making, and problem-solving.

Until fear isn’t a part of Martin’s narrative on the subject, he is disqualified from having a rational conversation on cryptos.

Keep the questions coming!