Cryptocurrencies

[Eldad]

On 7/3/2026 at 12:57 PM, SharperDingaan said:

 

The payment recipient is you, and you are very glad to have it.

 

Somebody freezes your accounts,  sends their thugs after you, and puts up border restrictions to seize and detain. As a well informed lad .... you escape in a small plane, but have to leave your wealth behind.

 

Sometime later, in a different country, you access your BTC account, and liquidate. Proceeds laundered though the newly opened bank account of a recent dead person, in a 3rd country. 

 

You have paid yourself, and lived to fight another day. The oppositions jaws snapped on thin air.

 

Different strokes.

 

SD

 

Take your physical gold with you in the plane and skip a bunch of steps. 

[SharperDingaan]

7 hours ago, Eldad said:

Take your physical gold with you in the plane and skip a bunch of steps. 

 

Security takes you, your family, and all your baggage off the plane. You visit the little sound proofed room, are roughed up, all the family jewellery pulled off you, and your wife and daughters strip searched. Most of your stash now gone, or used to bribe your way out.

 

BTC on the other hand ..... you might give up the seed phrase on a single account, with very little in it. Look stupid, look poor, but walk away still intact.

 

SD

Edited July 8 by SharperDingaan

[TwoCitiesCapital]

59 minutes ago, SharperDingaan said:

 

Security takes you, your family, and all your baggage off the plane. You visit the little sound proofed room, are roughed up, all the family jewellery pulled off you, and your wife and daughters strip searched. Most of your stash now gone, or used to bribe your way out.

 

BTC on the other hand ..... you might give up the seed phrase on a single account, with very little in it. Look stupid, look poor, but walk away still intact.

 

SD

 

For some of us, there's Bitcoin. 

 

For others, there's nature's pocket. 

[73 Reds]

1 hour ago, SharperDingaan said:

 

Security takes you, your family, and all your baggage off the plane. You visit the little sound proofed room, are roughed up, all the family jewellery pulled off you, and your wife and daughters strip searched. Most of your stash now gone, or used to bribe your way out.

 

BTC on the other hand ..... you might give up the seed phrase on a single account, with very little in it. Look stupid, look poor, but walk away still intact.

 

SD

You guys really need to think about this more creatively.  There are a multitude of ways to hide/conceal/ maintain wealth worldwide without the need for BTC or worrying about "frozen" accounts.  It takes planning but evidently some of you really worry about this stuff.

[SharperDingaan]

2 minutes ago, 73 Reds said:

You guys really need to think about this more creatively.  There are a multitude of ways to hide/conceal/ maintain wealth worldwide without the need for BTC or worrying about "frozen" accounts.  It takes planning but evidently some of you really worry about this stuff.

 

Sorry .... but no trade secrets 

 

SD

[Libs]

I'm bullish on BTC as digital gold, but have always considered the rest of the crypto space garbage. This is making me re-think. If Agentic AI is indeed the future, and I think it will be huge, it can only run on the crypto rails. Eye - opening:

 

https://www.franklintempleton.com/articles/2026/digital-assets/agentic-ai-the-killer-use-case-for-blockchain-and-crypto

 

Courtesy of our controversial friend, Jordi Visser and his weekly video.

[wabuffo]

Excerpt from the article Libs posted:
 

“Legacy credit card and banking infrastructures are unsuited for agentic micropayments due to their fee structures; a standard credit card transaction averages 2%-3% plus a flat fee of approximately US$0.30, versus AI agent payments that average US$0.001 to purchase a single second of compute or a data query.”

 

Statements like this are like when someone claims they are a huge sports fan and says "I think LeBron is going to hit 50 homers for the Sixers next year".

 

Credibility immediately goes out the window.

 

Lolz.

Edited 35 minutes ago by wabuffo

[lnofeisone]

1 hour ago, wabuffo said:

Excerpt from the article Libs posted:
 

“Legacy credit card and banking infrastructures are unsuited for agentic micropayments due to their fee structures; a standard credit card transaction averages 2%-3% plus a flat fee of approximately US$0.30, versus AI agent payments that average US$0.001 to purchase a single second of compute or a data query.”

 

Statements like this are like when someone claims they are a huge sports fan and says "I think LeBron is going to hit 50 homers for the Sixers next year".

 

Credibility immediately goes out the window.

 

Lolz.

I think I'm a tad confused. Can you elaborate on why this statement loses the author credibility? I'm curious because this a real problem and there are companies that rely on innovation here in agentic space (thinking Cloudflare and their L402 and x402 integration in the Workers platform). 

[wabuffo]

Can you elaborate on why this statement loses the author credibility?

 

Because the author is comparing a credit transaction (funds are being borrowed with the associated compensation built into the transaction cost for credit risk being assumed by the lender and not the payment network) with a debit transaction (funds are in place ahead of the transaction and being withdrawn from a deposit account).

 

That means the author is either unaware of the difference (hence my ignorant sports fan analogy) -- or, worse, is aware and deliberately misleading the audience for obvious promotional reasons.

 

Bill

Edited 44 minutes ago by wabuffo