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| comment | | "parent_author":"",<br>"parent_permlink":"exponential-growth",<br>"author":"edicted",<br>"permlink":"cans-for-crypto-and-privacy-concerns",<br>"title":"Cans For Crypto & Privacy Concerns ",<br>"body":"<center>![cansforcryptoaluminum.jpg (https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/nPotY8io-cans-for-crypto-aluminum.jpg)\n<\/center>\n\nI'm not sure how long I've been saving aluminum cans. Might be more than a year now. Used to be everyone in this household would just throw their cans in the curbside recycling bin and get none of the CRV tax-return. \n\n\n-----\n\n#### Even though it's only 5 cents per can (max) I figured if I saved that tiny bit of money and threw it into crypto it could actually be worth something one day. \n\n-----\n\nI bring this up because after however many months\/years it's been I've finally taken my 11 bags full of cans down the the recycling center and got my refund: \n\n# $46.25\nBig baller. \n<sub>All those garbage bags full of cans in the garage were getting pretty annoying. <\/sub>\n\n<center>![willpower.jpg (https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/1zwJbwqp-willpower.jpg)\n<\/center>\n<sub><center> get it?<\/center> <\/sub>\n\nNow,<br> $46.25 is obviously not a lot,<br> but the whole plan was to try and use that money to buy at a low and hold it for years to see how much those cans could be worth someday. I still haven't decided where I'm going to put the money,<br> but I'm leaning toward Ethereum or Monero. Probably Ethereum because their wallet options are really nice and it seems like Ethereum has the most development of any other chain in existence (when you count tokens). Feel free to comment on which network you think I should dump the money into. It could be anything. \n\n<center>![top privacy coins.jpg (https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/q1XHG9Jp-top20privacy20coins.jpg)\n<\/center>\n\n# Privacy\nOn the flip side privacy coins really haven't had their time to shine. Going forward it becomes quite obvious to me that the government is going to have a hellova time trying to tax\/regulate crypto. I'm quite sure a bunch of weird court cases are going to arise that make people realize that privacy is of the utmost importance. \n\nI say this not because I think that people are going to use privacy coins for tax evasion and other illegal activity; I say it because it is literally impossible to fully comply with tax laws (and other regulation laws). Tax law is not compatible with web 3.0,<br> and I think the obvious solution to this is to eventually abolish taxes completely and pay for everything with newly minted inflation. \n\n##### I've seen a lot of people on Twitter asking this same question:\nWhy are we paying taxes if the FED can simply print more money to pay for everything? My response to these people is always the same: By forcing financial slaves to pay their taxes corporations and other large entities can loophole out of said taxes and mitigate the burden of inflation on the lower classes. In this case the lower classes also includes the upper-class people who don't have the resources to loophole out of tax laws. Only the extreme elite have the ability to do this. Even the regular elite are financial tax-slaves. \n\n<center>![jacksparrowcan do cant do.jpg (https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/Ktew8AAl-jack-sparrow-can20do20cant20do.jpg)\n<\/center>\n\n#### The Craig Wright case is super interesting for me. \nI \"hate\" Craig Wright,<br> I think he's a total douche and his whole vibe could never be the same aura of the person who actually created Bitcoin altruistically for the entire world. However,<br> his court case is super interesting. It really shows us that even when we know someone is totally full of shit it doesn't really matter. There is nothing we can do. He owns his keys and there is no way to take his keys away from him because he really knows what he is doing. \n\nI believe the ultimate conclusion to the Craig Wright case is obvious: he's going to pull an,<br> \"Oops! I lost all my keys I guess I'm broke now!\" and then declare bankruptcy. No one will be able to prove he has access to the millions\/billions of dollars that he very obviously has access to. \n\n-----\n\n##### That's just the magic of crypto; it exists for everyone,<br> even people you hate. Even for the banks,<br> governments,<br> and corporations. \nCrypto does not discriminate. \nFlat architecture does not choose sides. \nThis is Web 3.0\nGet over it. \n\n-----\n\n# Conclusion \n$46.25 is not a lot by any standards,<br> but luckily as I've stated many times,<br> crypto is not a store of value; it is a font of exponential value gains linked directly to technology itself. Bitcoin is not Gold 2.0. Bitcoin is more like a financial representation of how fast technology is evolving. Because technology is advancing exponentially,<br> so will Bitcoin continue to double in value every year. Gold has nothing on Bitcoin. Comparing the two is like comparing apples to flying-saucers. \n\n\n----\n\n2020 | 2021| 2022| 2023| 2024| 2025| 2026\n----|----|----|----|----|----|----\n$12.8k | $25.6k | $51.2k | $102.4k | $204.8k | $409.6k| $819.2k \n\n----\n\n#### Long-live the doubling curve!\nOur fate as a species might depend on it. ",<br>"json_metadata":" \"app\":\"steempeak\/2020.06.1\",<br>\"format\":\"markdown\",<br>\"tags\":[\"exponential-growth\",<br>\"privacy\",<br>\"ethereum\",<br>\"monero\",<br>\"palnet\",<br>\"leofinance\",<br>\"taxes\",<br>\"craig-wright\" ,<br>\"image\":[\"https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/nPotY8io-cans-for-crypto-aluminum.jpg\",<br>\"https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/1zwJbwqp-willpower.jpg\",<br>\"https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/q1XHG9Jp-top20privacy20coins.jpg\",<br>\"https:\/\/files.peakd.com\/file\/peakd-hive\/edicted\/Ktew8AAl-jack-sparrow-can20do20cant20do.jpg\" " |
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