Coletrain
New member
Hi,
I'm new to cryptocurrencies as well as this forum, and I recently bought 10 DRK just to get an idea of how Darksend works. What I'm not new to is the study of history concerning global economics and the rise and fall of empires. I have never formally studied economics, so you can rest assured that I may actually know what I'm talking about. This post is all about why I believe Darkcoin or a cryptocurrency like it will bring an end to the cycle of centralized world reserve currencies. Currencies like the USD, and the Roman Denarius. Fiat currencies are not flawed, but centralized world reserve currencies are. The fact that everything is valued in USD gives the United States huge leverage over the rest of the world.
I want to start this off by explaining who I am so you have some perspective on how I came to my beliefs. I'm 27 years old and I've lived in Canada my whole life. I know how great it is to live in a country where there is some semblance of respect for human life. My political beliefs do not align with any of the current political language, largely because I believe the true meaning of political language has long been lost to history. Therefore when it comes to what I have to say I try to be as pragmatic as possible. I am for public health care and public welfare, but I do not believe in direct taxation of the people. That may seem contradictory but hopefully you will understand why I feel it isn't by the end of this post.
I'm going to try and explain why governments and banks around the world are IN LOVE with the idea of a completely transparent digital currency. Bitcoin is the tax-man's wet dream, and I would even go as far as saying that a world financial system run on an entirely transparent digital currency is my personal nightmare. The truth is we are already witnessing the collapse of the accidental ponzi scheme known as the petrodollar system, and it's painfully obvious to anyone paying attention that government's around the world are now getting desperate for more tax money.
We see in the United States the police are literally committing highway-robbery during traffic stops:
The big lie is that the oligopolies you see today in the United States and other countries were created by the free market, and that government is now here to "save the day".The truth is that the free market was crippled when it took it's first two critical blows in 1913. The first blow being when the 16th amendment was ratified on Febuary 3rd, 1913, and the second of course being when the Federal Reserve Act was enacted by President Woodrow Wilson on Dec. 23, 1913. The 16th amendment legalized economic slavery, a belief which can only be disputed if you still have faith in the government. It's now obvious to a great many people that the Federal Reserve is nothing more than a private bank which borrows from the American people for FREE. Not only do they do it without having to pay us interest, but they do it without intending to ever pay it back in the first place. All of this was done in the name of "equality" and "fairness".
The problem is the political language of today is so warped and distorted that it's essentially meaningless. I've had people quick to call me a libertarian, the most meaningless word of them all. I live in Canada so I appreciate things like public health care and public welfare, but I just don't believe the majority of our tax money ends up in those public services. The costs of public healthcare, welfare, and infrastructure are so inflated it makes me angry. The vast majority of tax money around the world is WASTED, yet people are screaming for more taxes and more regulation. People want the rich to carry more of their weight, but all the government does is just increase taxes on the rich without LOWERING it on the middle class and poor. The end result is just that the government ends up with more power.
Do you want proof that the free market was slowly being dismantled over the last 100 years? No problem! Here is corporate tax law visualized:
These info-graphs are the clearest picture of the damage that fiscal-interventionism causes to the free market. This is just one example of damage that direct taxation has done to this country. Corporate tax law in it's current form has created a breeding ground for corporate downsizing. It's been designed in such a way that the bigger a company gets the lower the rate of return on costs. This is the reason downsizing through corporate mergers, and thus the job loss that comes with it is so rampant in the world.
If you want to know more about how current tax structures are destroying many countries around the world, and how the problem can be solved then read that reform proposal. That tax reform proposal is one of the most enlightening documents I have ever read.
The most frustrating part about today's society is that we don't understand how many honest businessmen we're throwing under the bus when we yell "tax the rich!". The only time government has EVER increased taxes on the rich was when they needed to win a world war.
Think about what that chart represents, the government taxes people making $400,000 a year EXACTLY the same as those making millions, tens, or hundreds of millions. NOT that I agree with an income tax on individuals in the first place, as a truly free nation would have a government run primarily on consumption taxes. Corporations are a different story, as there may be good reasons for income tax on corporations but definitely not in the way the current corporate tax structure is designed. Hopefully you now realise just how much of your life the government has ownership of. Citizens of so-called "free" nations may not be literal slaves, but they are certainly under the thumb of economic slavery.
The lie is that healthcare, public welfare, and public infrastructure requires an income tax when the truth is that is the last place your tax money ends up!
So now it's 2015 and the existence of cryptocurrencies proves yet again that necessity is the mother of invention. Darkcoin has the unique ability to obfuscate transactions so that they can’t be traced back to an individual. As far as I can tell (after investigating the arguments I've encountered) this is the only cryptocurrency with any momentum behind it that has the potential for truly anonymous transactions and transaction history built into it. From the perspective of anyone who feels they’re being taxed to death this represents inherent value, something no other digital currency has.
(Continued below on part 2
, don't worry it's almost over :wink.
I'm new to cryptocurrencies as well as this forum, and I recently bought 10 DRK just to get an idea of how Darksend works. What I'm not new to is the study of history concerning global economics and the rise and fall of empires. I have never formally studied economics, so you can rest assured that I may actually know what I'm talking about. This post is all about why I believe Darkcoin or a cryptocurrency like it will bring an end to the cycle of centralized world reserve currencies. Currencies like the USD, and the Roman Denarius. Fiat currencies are not flawed, but centralized world reserve currencies are. The fact that everything is valued in USD gives the United States huge leverage over the rest of the world.
I want to start this off by explaining who I am so you have some perspective on how I came to my beliefs. I'm 27 years old and I've lived in Canada my whole life. I know how great it is to live in a country where there is some semblance of respect for human life. My political beliefs do not align with any of the current political language, largely because I believe the true meaning of political language has long been lost to history. Therefore when it comes to what I have to say I try to be as pragmatic as possible. I am for public health care and public welfare, but I do not believe in direct taxation of the people. That may seem contradictory but hopefully you will understand why I feel it isn't by the end of this post.
I'm going to try and explain why governments and banks around the world are IN LOVE with the idea of a completely transparent digital currency. Bitcoin is the tax-man's wet dream, and I would even go as far as saying that a world financial system run on an entirely transparent digital currency is my personal nightmare. The truth is we are already witnessing the collapse of the accidental ponzi scheme known as the petrodollar system, and it's painfully obvious to anyone paying attention that government's around the world are now getting desperate for more tax money.
We see in the United States the police are literally committing highway-robbery during traffic stops:
The big lie is that the oligopolies you see today in the United States and other countries were created by the free market, and that government is now here to "save the day".The truth is that the free market was crippled when it took it's first two critical blows in 1913. The first blow being when the 16th amendment was ratified on Febuary 3rd, 1913, and the second of course being when the Federal Reserve Act was enacted by President Woodrow Wilson on Dec. 23, 1913. The 16th amendment legalized economic slavery, a belief which can only be disputed if you still have faith in the government. It's now obvious to a great many people that the Federal Reserve is nothing more than a private bank which borrows from the American people for FREE. Not only do they do it without having to pay us interest, but they do it without intending to ever pay it back in the first place. All of this was done in the name of "equality" and "fairness".
The problem is the political language of today is so warped and distorted that it's essentially meaningless. I've had people quick to call me a libertarian, the most meaningless word of them all. I live in Canada so I appreciate things like public health care and public welfare, but I just don't believe the majority of our tax money ends up in those public services. The costs of public healthcare, welfare, and infrastructure are so inflated it makes me angry. The vast majority of tax money around the world is WASTED, yet people are screaming for more taxes and more regulation. People want the rich to carry more of their weight, but all the government does is just increase taxes on the rich without LOWERING it on the middle class and poor. The end result is just that the government ends up with more power.
Do you want proof that the free market was slowly being dismantled over the last 100 years? No problem! Here is corporate tax law visualized:
These info-graphs are the clearest picture of the damage that fiscal-interventionism causes to the free market. This is just one example of damage that direct taxation has done to this country. Corporate tax law in it's current form has created a breeding ground for corporate downsizing. It's been designed in such a way that the bigger a company gets the lower the rate of return on costs. This is the reason downsizing through corporate mergers, and thus the job loss that comes with it is so rampant in the world.
Example from the Princeton Economics 1996 Tax Reform Proposal
source: http://armstrongeconomics.com/library-research/princeton-economics-tax-reform-proposal-1996/
source: http://armstrongeconomics.com/library-research/princeton-economics-tax-reform-proposal-1996/
If you want to know more about how current tax structures are destroying many countries around the world, and how the problem can be solved then read that reform proposal. That tax reform proposal is one of the most enlightening documents I have ever read.
The most frustrating part about today's society is that we don't understand how many honest businessmen we're throwing under the bus when we yell "tax the rich!". The only time government has EVER increased taxes on the rich was when they needed to win a world war.
It's only when they need to defend their OLIGARCHY do they truly tax the rich:
Source: http://www.irs.gov/uac/SOI-Tax-Stats-Historical-Table-23 (not adjusted for inflation in typical IRS fashion). http://www.usinflationcalculator.com/ was used to adjust the numbers.
Note: The tax rate isn't what you should be focusing on here. It's the actual fact that the government doesn't differentiate between HONEST (for the most part) business men making $400,000 to a few million a year... and the truly corrupt who make tens and even hundreds of millions of dollars a year.
Source: http://www.irs.gov/uac/SOI-Tax-Stats-Historical-Table-23 (not adjusted for inflation in typical IRS fashion). http://www.usinflationcalculator.com/ was used to adjust the numbers.
Think about what that chart represents, the government taxes people making $400,000 a year EXACTLY the same as those making millions, tens, or hundreds of millions. NOT that I agree with an income tax on individuals in the first place, as a truly free nation would have a government run primarily on consumption taxes. Corporations are a different story, as there may be good reasons for income tax on corporations but definitely not in the way the current corporate tax structure is designed. Hopefully you now realise just how much of your life the government has ownership of. Citizens of so-called "free" nations may not be literal slaves, but they are certainly under the thumb of economic slavery.
The lie is that healthcare, public welfare, and public infrastructure requires an income tax when the truth is that is the last place your tax money ends up!
So now it's 2015 and the existence of cryptocurrencies proves yet again that necessity is the mother of invention. Darkcoin has the unique ability to obfuscate transactions so that they can’t be traced back to an individual. As far as I can tell (after investigating the arguments I've encountered) this is the only cryptocurrency with any momentum behind it that has the potential for truly anonymous transactions and transaction history built into it. From the perspective of anyone who feels they’re being taxed to death this represents inherent value, something no other digital currency has.
(Continued below on part 2
, don't worry it's almost over :wink.
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