Quote:Javier Goya

What is intriguing and terrifying about Canada’s financial warfare on its people is the language

“Payment Processors”

I have been screaming for two years

Crypto becomes the weapon

Let me explain


No matter when or how you began your crypto journey, you must transfer some currency into the crypto of your choice. The outlier in this scenario is mining BTC

You can create cold wallets, air gapped storage … whatever


You are now able to transfer amongst the tiny community of other users

You can exchange for some goods and services…

You feel free! You are believing that you are outside of the system

The revolution has begun!


Here is the crux

This is where is ALL falls apart

To participate in society, you MUST now exchange your digital wallet asset for a tangible good that people can settle TAX debt with

What do you mean?!


When you declare that you will circumvent borders OR confiscation by setting up a crypto or BTC fund for truckers (example)

You are correct, you can likely get them these assets

But, what now?

Let’s assume the truckers have a wallet with $5mm USD of something


That wallet is held in Canada or wherever

How do they use the funds for their needs?

They can’t pay their mortgages, truck payments and fuel costs with it..

That would require the sellers or merchant to accept those assets as legal tender


Why can’t they?

That would require the business or bank to be able to report the asset as capital, it is not.

They would be required to exchange the asset into the currency the mortgage holder requires for settlement of payment


Who makes that transfer? Doesn’t matter whether it is the individual, bank or merchant.

Someone will be required to convert the asset into currency

If it is the fuel provider, he will have a tax obligation.

He can’t settle his tax debt with Doge Coin..


The catch 22 is who bears the risk of conversion

The Canadian Government made is clear, they are going after the processors.

This will include debit and credit transactions

Merchant transactions

Individual transactions into currency


This would NOT matter if the settlement of tax debts COULD be resolved with Doge Coin (ie)

BUT that will NEVER happen unless they can track the funds from A to Z

What will happen is the stranding and confiscation of trillions of dollars in digital assets


The monitoring of ALL payment processes

The tracking of ALL asset transactions - across borders

Remember, their are NO borders in the Metaverse


So what constitutes a terroristic threat?

What events or actions would give any government the right to attack these mechanisms?

Well, that’s the simple question

Any action they decide

Any action they feel runs afoul of the government narrative


Any action that threatens the hold the government has over its people

This should do two things, terrify you

And give you GREAT pause on the rush to digitization of transactions and assets


This WILL be the death of liberty as we currently define it

Unless we change course

Unless we dramatically wake up and realize that we are developing greatest weapon that has ever existed

It’s time for a deep conversation

I am just the town crier

END

This has always been the problem with crypto and why I won't partake in it. I understand that there's been (and will be) real money to be made but at some point the ptb will just shut it down in some way, shape or form.

They'll use some of crypto technology but QFS or Quantum Banking is the future. Peer to Peer. Money can be in two places at once type of thing. And once we get close to actual implementation something else will be on the horizon anyways.

Obviously there will always be some sort of tangible system whether it's a currency, gold, or mixture.

People get too caught up in this is answer to everything type of jazz. Always money to be had though.

(02-15-2022 02:02 PM)b2b Wrote:  This has always been the problem with crypto and why I won't partake in it. I understand that there's been (and will be) real money to be made but at some point the ptb will just shut it down in some way, shape or form.

Exactly my opinion. It's inevitable that crypto will take over everything, from money, to contracts, to ownership rights and even identification. But none of that works without the backing of government. Government is what gives it force, and meaning. Without it, crypto is just another form of a ponzy scheme. You're buying it hoping a greater fool will later take it off your hands.

It's not just crypto though, is it? I mean, most of my transactions are digital with "normal" money. Even that can be cut off at any time.

(02-16-2022 01:58 PM)VA49er Wrote:  It's not just crypto though, is it? I mean, most of my transactions are digital with "normal" money. Even that can be cut off at any time.

I think the point is that a lot of people run to crypto currency’s thinking os a safe haven from all of the potential government overreach and craziness when in actuality it’s not.

(02-16-2022 02:04 PM)BigTigerMike Wrote:  

(02-16-2022 01:58 PM)VA49er Wrote:  It's not just crypto though, is it? I mean, most of my transactions are digital with "normal" money. Even that can be cut off at any time.

I think the point is that a lot of people run to crypto currency’s thinking os a safe haven from all of the potential government overreach and craziness when in actuality it’s not.

Well, if anyone believed that in the first place they were incredible naïve.

I made some decent money off it but it never felt right. I cashed out and converted it all to silver and gold. That feels much better, literally, as I can actually put my hands on it.

They can freeze your bank account and cancel all your cards already. This isn't much different really.

(02-16-2022 05:04 PM)VA49er Wrote:  

(02-16-2022 02:04 PM)BigTigerMike Wrote:  

(02-16-2022 01:58 PM)VA49er Wrote:  It's not just crypto though, is it? I mean, most of my transactions are digital with "normal" money. Even that can be cut off at any time.

I think the point is that a lot of people run to crypto currency’s thinking os a safe haven from all of the potential government overreach and craziness when in actuality it’s not.

Well, if anyone believed that in the first place they were incredible naïve.

Uh, a LOT of people believed that. I bet more than half of the cryptostans.

(02-17-2022 12:40 PM)Claw Wrote:  They can freeze your bank account and cancel all your cards already. This isn't much different really.

"They" can't get in my safe.

Canada sanctions 34 crypto wallets tied to 'Freedom Convoy' protests

Quote:Canadian authorities have ordered all regulated financial firms to cease facilitating transactions from 34 crypto wallets tied to funding the trucker-led “Freedom Convoy” protests in Ottawa, and elsewhere across the country.

The Ontario Provincial Police and the Royal Canadian Mountain Police working with FINTRAC to investigate cryptocurrency donations supporting the protests against the country’s vaccine mandate have sanctioned the wallets following Prime Minister Justin Trudeau’s announcement earlier this week condemning the protests and invoking the Emergencies Act for the first time since the law was passed in 1988.

As previously reported on Rebel News, the truck drivers began their protests at the end of January against international travel restrictions imposed by the Canadian government, which requires cross-country drivers to be vaccinated against COVID-19. In addition to setting up camp in the Canadian capital of Ottawa, truckers blocked several international bridges and border crossings.

Coindesk reports that the list of sanctioned crypto wallets includes 29 Bitcoin addresses, one Ethereum address, one Ethereum Classic address, one Litecoin address, one Monero address, and one Cardano address. A copy of the order circulated on Twitter on Wednesday.

Canadian press outlet the Globe and Mail confirmed that police agencies ordered several crypto exchanges and financial institutions to “cease facilitating any transactions,” with all of the wallets as part of an investigation “in relation to illegal acts falling under the scope of the emergency measures act.”

“Any information about a transaction or proposed transaction in respect of these address(es), is to be disclosed immediately to the commissioner of the Royal Canadian Mounted Police,” law enforcement wrote in a letter to the financial institutions.

Coindesk reports that the donors sent more than 20 Bitcoin valued at $1.1 million CAD through alternative platforms following GoFundMe’s suspension of the crowdfund supporting the protests.

“All crowd funding platforms and the payment service providers they use now must register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and must report large and suspicious transactions to FINTRAC,” an RCMP spokesperson said. “As the situation is new and quickly evolving, the RCMP is not in position to offer further information on crowdfunding through cryptocurrency at this time.”

Rebel News reported that the “Freedom Convoy” received backing from the cryptocurrency community through Tallycoin through a group of Canadian Bitcoin evangelists called HonkHonkHodl.

On Monday, Deputy Prime Minister Chrystia Freeland announced measures targeting crowdfunding websites and cryptocurrencies to curtail funding of the protests.

“In invoking the Emergencies Act, we are announcing the following immediate actions: first, we are broadening the scope of Canada’s anti-money laundering and terrorist financing rules so that they cover crowdfunding platforms and the payment service providers they use,” said Freeland.

(02-16-2022 01:58 PM)VA49er Wrote:  It's not just crypto though, is it? I mean, most of my transactions are digital with "normal" money. Even that can be cut off at any time.

This is true. I have bills on auto-pay. I don't write checks. I don't use cash.

I'm not paid in cash. I'm paid with numbers added to my account. I deduct number from my account to pay bills.

I see signs at stores that say "Cashless".

All it takes is for someone to say, "Freeze his account," and you're done.

The only way good old US dollars are going to become worthless is if the US government is overthrown. And if that happens, we have more to worry about than our bank accounts.

Can't say the same about crypto. Or even gold really. I laugh at those who buy gold as an investment. Inflation adjusted, the crap holds steady over time just like just about any other commodity. Might be a good store of value assuming you buy in at the right time, just like any other commodity, but any investment upside is self-limiting.

But again just like any other commodity, even the price of gold could swing down dramatically in the future. Might think I'm crazy, but once we get this fusion thing figured out, it's theoretically possible we could manufacture gold. Then it's price would permanently drop like a rock to where we're just throwing it away like aluminum. Aluminum was as precious as gold a couple hundred years ago. Now we literally just throw it away. Same will likely apply to just about any metal eventually. So keep on holding it thinking you have something just because you can hold it. Here.. "hold my beer" if that makes you feel better.

(02-15-2022 01:56 PM)BigTigerMike Wrote:  

Quote:Javier Goya

What is intriguing and terrifying about Canada’s financial warfare on its people is the language

“Payment Processors”

I have been screaming for two years

Crypto becomes the weapon

Let me explain


No matter when or how you began your crypto journey, you must transfer some currency into the crypto of your choice. The outlier in this scenario is mining BTC

You can create cold wallets, air gapped storage … whatever


You are now able to transfer amongst the tiny community of other users

You can exchange for some goods and services…

You feel free! You are believing that you are outside of the system

The revolution has begun!


Here is the crux

This is where is ALL falls apart

To participate in society, you MUST now exchange your digital wallet asset for a tangible good that people can settle TAX debt with

What do you mean?!


When you declare that you will circumvent borders OR confiscation by setting up a crypto or BTC fund for truckers (example)

You are correct, you can likely get them these assets

But, what now?

Let’s assume the truckers have a wallet with $5mm USD of something


That wallet is held in Canada or wherever

How do they use the funds for their needs?

They can’t pay their mortgages, truck payments and fuel costs with it..

That would require the sellers or merchant to accept those assets as legal tender


Why can’t they?

That would require the business or bank to be able to report the asset as capital, it is not.

They would be required to exchange the asset into the currency the mortgage holder requires for settlement of payment


Who makes that transfer? Doesn’t matter whether it is the individual, bank or merchant.

Someone will be required to convert the asset into currency

If it is the fuel provider, he will have a tax obligation.

He can’t settle his tax debt with Doge Coin..


The catch 22 is who bears the risk of conversion

The Canadian Government made is clear, they are going after the processors.

This will include debit and credit transactions

Merchant transactions

Individual transactions into currency


This would NOT matter if the settlement of tax debts COULD be resolved with Doge Coin (ie)

BUT that will NEVER happen unless they can track the funds from A to Z

What will happen is the stranding and confiscation of trillions of dollars in digital assets


The monitoring of ALL payment processes

The tracking of ALL asset transactions - across borders

Remember, their are NO borders in the Metaverse


So what constitutes a terroristic threat?

What events or actions would give any government the right to attack these mechanisms?

Well, that’s the simple question

Any action they decide

Any action they feel runs afoul of the government narrative


Any action that threatens the hold the government has over its people

This should do two things, terrify you

And give you GREAT pause on the rush to digitization of transactions and assets


This WILL be the death of liberty as we currently define it

Unless we change course

Unless we dramatically wake up and realize that we are developing greatest weapon that has ever existed

It’s time for a deep conversation

I am just the town crier

END

I view crypto as a speculative endeavor, similar to investing in aapl or a reit. Almost all of my daily transactions outside of travel are through cash. I make random purchases using credit cards every month to maintain my credit and (hidden) social scores