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re: The fraud will evaporate once all world assets are collateralized onto the blockchain.
Posted on 1/19/26 at 11:44 am to PUB
Posted on 1/19/26 at 11:44 am to PUB
quote:
Sure 100% total control of your entire life
Personal use optional. Should NOT be an option for government money or transactions. Good bye to $3000 hammers for military billing.
1
Posted on 1/19/26 at 10:25 pm to ChatGPT of LA
Government will eliminate cash and force digital on all.
Posted on 1/20/26 at 12:51 pm to Nosevens
quote:
pseudonymous cannot, unless real names are present in wallet. So yes thieves and criminals activity is no different than a suitcase full of cash handed off
Simply not true
Posted on 1/20/26 at 12:55 pm to ChatGPT of LA
quote:
The fraud will evaporate once all world assets are collateralized onto the blockchain
Hilarious
Posted on 1/20/26 at 1:12 pm to ChatGPT of LA
Simple google and learn
Key Difference: Pseudonymity vs. Anonymity
Pseudonymity (Bitcoin/Ethereum): You use an alias (wallet address) instead of your name, but all your alias's actions are publicly linked.
Anonymity (e.g., Monero): Hides the "who" and the "what," making actions untraceable to any identity
Key Difference: Pseudonymity vs. Anonymity
Pseudonymity (Bitcoin/Ethereum): You use an alias (wallet address) instead of your name, but all your alias's actions are publicly linked.
Anonymity (e.g., Monero): Hides the "who" and the "what," making actions untraceable to any identity
This post was edited on 1/20/26 at 1:19 pm
Posted on 1/20/26 at 1:22 pm to Nosevens
So a government could control what you buy and sell? How very Revelation.
Posted on 1/20/26 at 1:24 pm to ChatGPT of LA
quote:
The fraud will evaporate once all world assets are collateralized onto the blockchain.
What's going to evaporate is your assets. They'll tokenize everything and then frick you over so you can't prove you own anything.
Posted on 1/20/26 at 1:44 pm to TigerIron
Decentralized solves any issue that you might make up.
Posted on 1/20/26 at 1:49 pm to Nosevens
quote:
Anonymity (e.g., Monero): Hides the "who" and the "what," making actions untraceable to any identity
Monero wont see widespread adoption because of this.
Its unlisted from major exchanges, and handles transactions in a way that wont work on real world assets. No one will buy or sell a real asset without proof of ownership, etc by the seller.
Sure, its still used, but days are limited, for sure. The on/off ramps will shrink via financial institutions, except for those in insane countries, that you wouldn't trust anyway
Posted on 1/20/26 at 1:56 pm to ChatGPT of LA
So any aliases used won’t be identified by pseudonyms unless actual names are in wallet, transactions can be tracked if you able to determine which ones need tracking. Almost like currency now in offshore transactions for nefarious purposes like I said originally
Posted on 1/20/26 at 2:09 pm to ChatGPT of LA
This is an area people mention all the time, but really have no clue how operationalize it. Blockchain has been the "next" big thing a decade ago, and yet adoption severely lags behind the supposedly "future". I have had several doc students research blockchain and its failure to launch and people can't wrap their heads around the problems.
People forget that blockchain is expensive to implement for non-digital goods, as it requires people to be put into the loop and goods to be moved from an off-grid to an on-grid state and then be input into the distributed ledger. That means you either have the non-digital good be tied to the digital dispersed ledger at all times (which, how does that work in things like shipping or a person's physical presence to vote?), or lose the security aspect you are trying to have by having to have an intermediary for the physical interaction with the non-digital good to be categorized in the chain.
Lets try this from a voting standpoint. The dispersed ledger would require you, the state, and the agency providing oversight all to digitally connected. The state and the agency would essentially be observers and as such, only you are providing a change (or adding a new block) to the system. So how do we verify who you are at the time of the vote? That is the hole in the system, which is also the current limitation of what we do now. To make more "secure" now you need to tie you ID into another chain that is somewhat absolutely sure you are actually you. In truth, this is may actually make voting fraud easier once you develop the "person" then the chain assumes that they are always legal and not other future scrutiny would exist on the identity (outside of random checks).
Blockchain might make tallying look fancy and auditable, but it doesn't solve the core hard problem of remote voting: proving identity securely, secretly, and inclusively over an insecure internet without creating new coercion/bribery vectors or single points of failure.
People forget that blockchain is expensive to implement for non-digital goods, as it requires people to be put into the loop and goods to be moved from an off-grid to an on-grid state and then be input into the distributed ledger. That means you either have the non-digital good be tied to the digital dispersed ledger at all times (which, how does that work in things like shipping or a person's physical presence to vote?), or lose the security aspect you are trying to have by having to have an intermediary for the physical interaction with the non-digital good to be categorized in the chain.
Lets try this from a voting standpoint. The dispersed ledger would require you, the state, and the agency providing oversight all to digitally connected. The state and the agency would essentially be observers and as such, only you are providing a change (or adding a new block) to the system. So how do we verify who you are at the time of the vote? That is the hole in the system, which is also the current limitation of what we do now. To make more "secure" now you need to tie you ID into another chain that is somewhat absolutely sure you are actually you. In truth, this is may actually make voting fraud easier once you develop the "person" then the chain assumes that they are always legal and not other future scrutiny would exist on the identity (outside of random checks).
Blockchain might make tallying look fancy and auditable, but it doesn't solve the core hard problem of remote voting: proving identity securely, secretly, and inclusively over an insecure internet without creating new coercion/bribery vectors or single points of failure.
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