shockedshockedshocked
Linked from ZH:

EU report finds that criminals are sane. Unfortunately the finding is in the context of an insane drive to get rid of cash.

The report analyzes all sorts of money transfer mechanisms, from regular banks to prepaid debit cards to currency exchange to "Money Value Transfer Services" to Bitcoin. The finding is consistent: Sane people prefer paper cash for sane reasons.

Therefore EU must eliminate cash, because disease vectors for sanity are UNACCEPTABLE INTOLERABLE ALL OPTIONS ON THE TABLE.

As for the tech-tyrant claims of anonymity with Bitcoin:

Few investigations have been conducted on virtual currencies which seem to be rarely used by criminal organisations. While they may have a high intent to use due to VCs characteristics (anonymity in particular), the level of capability is lower due to high technology required.

No, idiots. Organized crime and organized political groups are not short on tech ability. They are short on lunacy. They are onto your evil game. They understand what techfans do not understand: Virtual currency (Bitcoin) runs directly through NSA. Every transaction can be seen by every government. Encryption may conceal the amount of a transaction, but it doesn't conceal the source and destination of the transaction. Traffic analysis can always locate the participants in a transaction.

Why bother with the risk when paper is vastly more CERTAIN, faster, and less risky? It's an easy decision. Paper doesn't fail when one branch of an Autist Club decides to split from another branch of an Autist Club. Paper doesn't fail when a server goes down. Paper doesn't take several minutes to complete a transaction. Paper doesn't go directly through NSA.

Clearly the techboys are unteachable. In this and many other issues, their decisions run directly contrary to TECHNICAL KNOWLEDGE.

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Sidenote 1: Max Keiser, the loudest and earliest booster of Bitcoin, has been sliding quickly into every standard Sorosian doctrine. A year ago he was about 50% Soros, now he's 100. He agrees with the globalists on everything, while still maintaining a facial expression and voice tone of "rebellion". Max used to explain and expose frauds like NSA front-running and the stock-trader's preference for chaos. Now he only exposes TRUMPHITLER and MAYHITLER and BREXITHITLER. Despite all that, I still enjoy his show. Stacy maintains connection with real old-left issues, and Max is a good entertainer.

Sidenote 2: "Money Value Transfer Services" are the salvation for sanity. Essentially the same thing as scrip. These services are REAL banks running the old-fashioned way, within an ethnic trust network or a local trust network, OUTSIDE of the official lunacy network. The REAL banker handles verbal or written drafts and deposits up to the limits of his present assets and liabilities; at regular intervals the bankers in the network reconcile and clear transactions. If the limits are observed and clearing is done properly, very little official currency changes hands. These REAL banking systems can continue to operate even after official cash is gone, just as scrip operated during a period when official cash was unavailable. I expanded this point into a full entry.

Sidenote 2.1: Looking through the Wikipedia article on Hawala linked above. Interesting historical connections to French and Italian law, showing that Arab traders were teaching Euros about real value a thousand years ago. But the Wikipedia articles on 'informal banking' never mention the American and Irish scrip systems. Seems like an odd omission.

Labels: scrip

  ¶ 2:23 AM