You describe the functions of a small Government that doesn't need anywhere near the amount of money that is taken and pissed away these days.
That's exactly what Governments are supposed to do. Except that's not all they do is it?
Imagine how much more money hard working regular people would...
Just because you say "democratically elected" it means nothing.
The biggest corrupt organisations in the world count "democratically elected" Governments among their numbers.
It wasn't the Libertarians who brought FTX down as an example. It was an utterly corrupt Democrat voting party donor...
Yes, because the systems you trust are actually trustworthy and not set up to keep the power and wealth among themselves. None of what you mentioned has anything to do with morals.
Which is why so many morally bankrupt people are involved in those systems.
So maybe I'd rather trust some of...
How is it tin foil hat when Governments are already speaking of CBDCs?
They want to control how you spend your money.
There's already businesses not accepting cash.
The thing about rules is they are made up by biased, corrupt, self serving politicians and policy makers.
It's understandable...
I bet you use a bank.
A bank that rips far more people off yearly than any crypto project does.
Anything that is centralised is far easier to be corrupted and controlled. Agreed?
The idea of the crypto space is to herald in a decentralised option to counter the corrupt controlled systems...
But you don't need to win every time to make a 2% gain on your money do you.
Given that there's people here who think making between 2-5% return is something mind blowingly unrealistic it's a wonder they believe Bloom could have made large parts of his fortunes from betting.
Or do you think...
I provided you with an example of a small weekly bet that can produce a 20% return seeing as there's a few clueless types who think that 2% is a huge weekly return.
If you think 2% a week is a big return you're a pauper at heart.
What numbers? Did I say anything about what the price was or how much was wagered?
If you bet $10 each week on a $1.20 price you will end up with a profit of $104 for 12 months if every bet comes in.
So use your maths skills to work out what % that is a week...
Hardly a huge sum of money is it?
I'm telling you that the % isn't high.
And how did you come up with those numbers? No question of what system is employed or how much is wagered.
I had a work mate who played a system where he turned $2 into over 4k by starting with a single bet and then just kept reinvesting the total on...