@@NaomiBrockwellTV You're a wealth of knowledge!!! I'll admit that I'm a bit lost but thanks to you I think I might just be able to figure it out! Eventually... Lol 🤓 Seriously thank you for sharing your knowledge! Personally I'd much rather go back to the 20th century but that's obviously not an option. 🤷♀️ So I guess I should learn something soon considering we're now 20+ years into this century! Yikes!!! 😳
This is too difficult for 99% of people - they will never figure out how to do any of this on their own.... and would be too worried about making a mistake that loses their BTC
just keep in mind banking online was very difficult for the aging of our population and now they love it and use it daily. learning new technologies takes time for mass adoption.
I have failed many times in the beginning but for the sake of privacy I had to keep at it and eventually got it, more great content like this, it'll click
I think there is an opportunity here for a dev to make a user-friendly front end to all of this which automates the process that Naomi described in the video. This would give people an 'easy' and an 'expert' mode when making TX's.
PfC Wells Well, we bought the whole convenience “line” when the industrial revolution started. Individual privacy has not existed since we were issued birth certificates and social security numbers by the government.
@@taoist32 😆 Your comment made me think of the end of Goodfellas when Henry says that the only thing that proved he existed was his birth certificate & his wrap sheet! We might have not been as anonymous as we thought back then but I'm certainly glad I got to experience life without constant surveillance! Anyone born after say the mid 80s really didn't get to see the difference. They have no problem giving up their privacy because they never had it in the first place.
You can, but: Try flying outside the country (we use flying inside the country very little where we life) and have privacy doing so (the government loves to know who is on international flights, passport checks, etc.). So nope. So the credit card transaction hardly matters.
You bet... They still have access to your router logs. IP Address. NIC Card. etc... And if for some reason they shut these companies down... You just lost all your money..So in one day your ass can be broke. The best way to approach this. Use an Alias name. Address. That way they know everything about someone that doesn't even exist....
Financial transactions could still be followed, albeit with a bit more difficulty. All notes have serial numbers on them. It is theoretically possible for those numbers to be scanned.
Dont forget your "smart" tv's, computers, laptops phones, security monitors, watches, newer vehicles... ALL FACETIME you, so as your watching tv "big brother" is in the room WATCHING YOU! Would be PROFITABLE if someone could develop a shield/screen that would distort any face-timers but still allow the viewer to watch, in privacy and clarity, their programs.
@1:35 mark- Marijana remains Illegal at the Federal level. There's NO where in America that it's legal. Also, The US Goverment holds Patent No. 6630507 on cannabis plant compounds. Although it expired on April 21, 2019, the statute of limitations for a civil action for patent infringement is six years, as stated in 35 U.S.C. §286. Medical mariuana companaies are taking a HUGE gamble the FEDS wont confiscate all profits made from a profitable business.
A cashless society is indeed scary. If they ban it, then privacy cryptocurrency transactions are the only hope of people maintaining financial privacy. Welcome to the channel!
I do a lot of online purchases. Cash just won't do anymore. I know the implications of that. If we think credit cards are bad, wait until blockchain and crypto currency become widespread
@Jerry L Kreps BTC is not what's going to bring about mass adoption. You have plenty research to do. Proof of Work (aka Mining) is being abandoned now for Proof of Consensus, Proof of stake, etc. Some of the newer protocols are 1,000 times plus faster than Bitcoin mining. Significant research and development has taken place in the last 2 years. Believe me, cash is a thing of the past. The 5 to 10 years I believe every nation on this earth will adopt digital currencies and Bitcoin will not be it.
@GreyGeek The rich will eat up BTC or send it to zero. It is HIGHLY centralized because 80%+ of the mining power is controlled by about 3 companies in China. Plus the powers that B can't contain it so they will not allow it to fly too far. Listen now to all the talks about "going green" lowering carbon, etc. those are keywords to smash BTC to bits.
I don't understand any of this. I have always firmly believed in strictly using cash. But now, they've made things to where you can't use cash for a lot of things. But even with all the new stuff, it won't be long before that's somehow tracked too.
It does sound nice to be able to use cash and not have everything tracked, but if you don’t have good credit these days often times it will keep you from getting the job you want and certainly the home that you want to live in or rent.
P.s. Start building your audience on a blockchain based censorship-resistant platform in tandem to youtube. You’ll surely be glad you did this in the future
I cant comment on the best option, but i know there’s various options (below). Some will be easier than others to grow in tandem to youtube & onboard your youtube subscribers. Im confident you can figure it out :) www.google.com/amp/s/adespress.blog/2019/04/10/7-blockchain-based-alternatives-to-youtube/amp/
Miss Naomie. There are other privacy aspects you could cover. Notably the Samurai wallet and the lightning network. As you know Wasabi doesn't run on Android but Samurai does and they have a difference approach to Bitcoin privacy. And LN is VERY PRIVATE too. As Bitcoin adoption grows I think eventually onchain transactions will become more rare and LN will grow. LN payments are super fast, super cheap, and super anonymous.
Excellent video Naomi. The sad reality is most people don't care!? When, oh when, will the population at large realize the folly of essentially giving up your free speech without so much as a whimper!
Amazing information. And i love that you have all the links in the info. Appreciate these videos. Its great that you show the wallet also. I knew about the items but never tried it so it was nice to see how it looks like. Keep being awesome :)
I just discovered your channel. Brains and beauty. Blew my mind on technicals that Andreas and Trace don't mention. Subscribed. Now I will have to explain to my wife who you are while I am bingeing on your videos hahaha.
Great video as usual. Thanks. One aspect I wish to hear about is privacy of transactions from a cold storage wallet .vs. IP address. Clearly if one has some cryptos in cold storage and wish to transact, one must upload his cryptos into a personal computer wallet (at least for the time of the transaction) . From that computer one has to initiate the transaction via the Internet, which uses an IP address. If this IP address is somehow monitored by a third party the crypto transaction existence could be observed, hence, compromising your anonymity. How can this security breach be avoided ?
It's all about control. Standards of living have increased, but it is just modern slavery. I have never had credit, so when it came to buying a house it was difficult, but was able to take advantage of a first-time home buyers program. I still cannot get a credit card because I have no credit history. LOL They want a cash-secured card--I'm not in the business of giving out $1000 interest free loans to a bank! It was also difficult getting a job after being self employed and not having a credit card history. People were baffled that I would get cash from a bank and buy stuff with it!
@Naomi Brockwell I got to about 5mins in and then realized how my folks feel about trying to learn new technology... and then it made me realize how old I was getting. Is there a Bitcoin for Dummies? 🤣
My worry is the banks selling it to healthcare insurance providers so people can be denied getting paid for certain healthcare based on their spending habbits. At the moment, no bank in my country sells this in any way, their was a huge uproar when someone even suggested this. Pretty certain one reason banks want to do this very low or negative interest rates. Basically dealing with small customers is becoming a cost for them (think for about ATM security for example). Countries that went more and more cashless even the government promoting it (yes, imagine a supermarkets you can only pay with some card, that's real) some governments have started to think: maybe not such a good idea for people to have no cash what so ever in case of an emergency. So they've stopped promoting it. I would suggest Dash for payments and privacy, it's speedy and secure as well (based on Bitcoin and has built-in optional privacy based on coin-join with less centralization than Bitcoin/Bitcoin Cash coin-join solutions).
At 8:05, you say that people absolutely must use multiple addresses rather than re-use the same one. You then say that when making a payment, UTXOs from multiple addresses are likely combined, thus giving away the fact that you own all those addresses. If you will never re-use the same address for depositing BTC, what does it matter that you've given away the fact that some addresses belong to you? If you never make another deposit to those addresses (as per your insistence that we never re-use the same address), then they effectively act as 'throwaway addresses' once all the BTC they contain has been spent. That having been said, I don't understand the privacy concern you raised. It would make sense if we were going to re-use the same addresses, but as per what you said at 8:05, that's not what we will do. I think there is something I missed, so please explain your point in reference to my comment. Thank you, and I appreciate your video. It was especially useful to hear you break down the concept of UTXOs.
Pull out your cash from the banks and Wall Street. Use "check cashing" companies to avoid the banking system; they also offer their own pre-paid debit card, money order services, and hawala cash delivery. Learn about protecting your purchasing power with 100% untraceable cryptocurrencies, like Monero [XMR]. Stack physical bullion gold and silver.
Sure maybe we can pay for stuff anonymously, but it still has to be shipped. Are you going to like give a fake name and ship stuff to a PO box or something? That's not at all cheap for most items; potentially multiple thousands of dollars per year.
Every product has a UPC so they have always tracked those since inception. Now bit by bit they have increased the database to tailor production to consumption. That's the Theory and they also created the most crooked financial scam ever. That will collapse and is intended to bring into force rationing and of course conflicts so that people can be eliminated, legally of course. Happy New Year. Merry Christmas, Ho Ho Ho. We BB's knew this was happening and knew also that it was unstoppable. It used to make me cry which is enough of an excuse to be killed for being sorry for myself, though the knowledge was and still is unbearable.
Malcolm Watt The only way out is to live off the grid, make your own food, have no kids, and live in a tent. Anything else and the IRS can claim it as property.
Frank Baumgartner Another comment stated that even if you pay cash at any business, the cash register still has receipts that are used for tax purposes. The IRS and FBI can still find you.
Love the channel! I am doing a similar channel for the layman. I have opted out of the system as much as possible and work over time to be entirely out.
What happens with lost coins? I. E. Like pennies, Pence, or euro cents. I have them rolling around the bottom of my car. They fall out onto the sidewalk, down the drain, etc.
@Fluffy Hamster I know it's bad in Europe. Governments that restrict your rights and liberties are the real criminals. You have the right to keep and bear arms no matter what illegal laws the state passes, for it is a human right from conception to death. Where I live, which is Idaho, the government recognizes that it citizen's have these rights to keep and bear arms. I Open Carry a pistol everyday, everywhere I go and have for several decades. Carrying arms in Idaho is just as normal as carrying a cell phone.
I have my money deposited into a checking account with a debit card and paper checks. Are you saying that I need to go to the actual bank to remove cash to purchase items?
That’s my question exactly. And then, my friend tried to withdraw money when Y2K happened, but his bank didn’t like him drawing as much as he wanted to because the bank puts a limit on how much you can withdraw. So how can you withdraw the money and keep it in your house, which isn’t safe. Or are you supposed to buy the cryptocurrency with cash or through your bank accounts? Then doesn’t that fall under the scrutiny of the banks when you try to use that money for something and take it out of their system. It’s not like you’re putting it into another bank. You’re putting it into another form of currency. How could you do that when nobody accepts cash?
I wouldn't be too surprised if Canadians/Mexicans are not allowed into the USA simply because they used a credit card to buy marijuana. Although I think that's currently not the case, except for people who have specifically had their records surveyed with a warrant, but the number of those people would be very low.
Very confusing. Anyways I live in the US and I need to obtain a credit report score of atleast 600 for leasing an apartment. In order to do this I need to use credit cards in a responsible manner and keep current on my bills. How does crypto currency fall into this? It probably doesn't, but I really need a place to live and paying cash all the time doesn't help with the credit report. I guess personal loans would. But what does that mean as far as your personal data getting out? How do you use credit responsibly and try to live a more private lifestyle?
In Japan, Cash is still King. Most businesses will only accept cash. Of course this doesn't apply to online purchases. In China, cash is pretty much dead.
My card exists solely to draw cash from the ATM. 99% of all my company's transactions are cash and I receive my own personal take from that company in cash, which I pay into the bank account for the very few payments that are paid by direct debit (phone, rent, etc..).
Keep drumming this message - up to the coinjoin. The rest is too technical for non-technical adults. Instead of explaining the juicy details, demo actual apps that do coinjoin and encourage getting the app now.
I’m moving to Nevada and will be semi off grid within two years. How do you feel about silver and other tangible precious metals over utxo’s, bitcoin or cold hard cash?
Let's face it Naomi, people who do this sort of techno-torture aren't doing it to "avoid having their information sold" to marketers (mostly). They are doing it to avoid government scrutiny. There might be a lot of good reasons for avoiding the government scrutiny, especially in places like Hong Kong, but we aren't so far gone in the West that is as crucial, right now (though I expect that to change in the near future). People using this technology are probably doing some really shady shit that probably needs to be investigated (child porn). In fact, I have come to understand that merely downloading the TOR browser can get you extra scrutiny by the NSA, et al. Having said that, in order to make something like this more useful, it has to be available to the masses, and its functionality transparent to the users. Until that happens, it will just be a curiosity of techno-geeks and criminals, which will (ironically) make us less secure because it will invite increased scrutiny by the government.
LaserGuidedLoogie we ARE so far gone in the west, we already have weaponized government agencies, who have weaponized social media platforms, who attack opponents of the world wide revolution, MSM is weaponized for the same reason, as are universities. If you think they will not use this tracking ability against anybody who they think resists their agenda, you are mistaken. The financial system is one of their greatest tools to enforce compliance.
The privacy issues with debit and credit cards have been going on for decades now, but I guess some people remain obliviously to it so thanks for telling them. My issue is I have yet to find any credit system within crypto that operates the same (granted most people in crypto are against this modern system of debt lol), the only thing crypto seems to have is collateralized loans which doesn't help with overall wealth building leverage strategies let alone poor people who cannot put up collateral at first from start but could still make a $25/m payment on a revolving credit account if granted access like I was recently with a $500 limit on a "student" credit card. Do you know of any lending system in crypto that isn't collateralized that would serve as an alternative?
Does Snowden have any advice on how to stay untraceable with crypto and Tor. Or maybe just more case studies of how the FBI and CIA are cracking people's privacy
I feel like I’m missing something. How can my purchases being tracked hurt me? It seems only if I’m doing something illegal it will hurt me. Since I’m not, why go through the trouble of hiding my fast food addiction? I’m seriously asking because I feel you guys know something I don’t know. I buy groceries, fast food, gas, and sometimes clothing. That’s it. How can this harm me?
Wonder Woman Having privacy means that we belong to ourselves. The more information businesses and governments and banks have the more it allows them to create profiles and grade us like a social credit system. A social credit system like China’s where you cannot get work, travel or participate in society if you don’t fit a certain demographic. Imagine if people were excluded from the financial and banking system because of sexual orientation, race or because the government decided that people with certain bad habits such as fast food, candy or cigarette smoking because they are a drain on society. This is why privacy is important it means we get to make choices about who we are and who we want to be.
I don't know how the RUclips algorithms put you in my recommendations but I'm heavily happy about that happening
Yay! Thank you youtube algorithms!
@@NaomiBrockwellTV Why is it not private if you send all your bitcoin at once from the wasabi wallet? Please make a new wallet privacy video.
.....'' heavily '' happy ?? u just coined a new phrase....good boy.
@@NaomiBrockwellTV You're a wealth of knowledge!!!
I'll admit that I'm a bit lost but thanks to you I think I might just be able to figure it out! Eventually... Lol 🤓
Seriously thank you for sharing your knowledge! Personally I'd much rather go back to the 20th century but that's obviously not an option. 🤷♀️
So I guess I should learn something soon considering we're now 20+ years into this century!
Yikes!!! 😳
Bitcoin seems to be wolf in sheep coat
This is too difficult for 99% of people - they will never figure out how to do any of this on their own....
and would be too worried about making a mistake that loses their BTC
That's true, but this was once too difficult for me also. I'll do a lot more beginner-focused videos and answer any questions anyone has
just keep in mind banking online was very difficult for the aging of our population and now they love it and use it daily. learning new technologies takes time for mass adoption.
I have failed many times in the beginning but for the sake of privacy I had to keep at it and eventually got it, more great content like this, it'll click
I think there is an opportunity here for a dev to make a user-friendly front end to all of this which automates the process that Naomi described in the video. This would give people an 'easy' and an 'expert' mode when making TX's.
Like everything in life the key is to start small. This is what they need to understand.
This the same thing Andreas has been talking about. We've been conditioned to thinks convienace is a priority over privacy.
Indeed. Not good how normalized this is.
PfC Wells Well, we bought the whole convenience “line” when the industrial revolution started. Individual privacy has not existed since we were issued birth certificates and social security numbers by the government.
@@taoist32 😆 Your comment made me think of the end of Goodfellas when Henry says that the only thing that proved he existed was his birth certificate & his wrap sheet!
We might have not been as anonymous as we thought back then but I'm certainly glad I got to experience life without constant surveillance! Anyone born after say the mid 80s really didn't get to see the difference. They have no problem giving up their privacy because they never had it in the first place.
Glad to know more people are waking up. Thank you for another excellent video.
Thanks for watching!!
At least bribes to public officials are exempt from cash limits. I am sure glad that the government put that provision in the law.
Dad used to tell me all about this since the 70’s. He always paid with cash.
Same with mine, smart men our pops are.
He's a smart man
@@Roofer0420 Indeed
Why stop or begin there? Simply stay offline! Your comments are equally tracked
Smart Dad. A 3rd party in a transaction? People are fools for convenience... This woman isn't our friend.. She's twisting Snowden s message...
Credit cards and Debit cards. Everything over $1.00 is tracked. EVERYTHING!
John Wayne They track us through our phones, our computers, Alexa, our cars, etc. and everything we do online is tracked.
The system is all so corrupt.
Privacy is a basic human right. Thank you for sharing. I'm loving this privacy advocate Naomi 💘 How's Llama been?
BrunoRay Well, we don’t have rights. You thin’ the Constitution actually protects us? We are living in a police state.
@@taoist32 Totaly wrong.
You have rights. But only those where you are willing to fight for.
You are amazing, thanks for making the effort to prepare and share this information
She's so smart, she knows about privacy !
You just posted on RUclips
Thank goodness you're one of the smart ones tricking them.
Try to buy an airline ticket or hotel room without a credit card
You can, but:
Try flying outside the country (we use flying inside the country very little where we life) and have privacy doing so (the government loves to know who is on international flights, passport checks, etc.). So nope. So the credit card transaction hardly matters.
Last week I had a tire repaired at a tire shop, just today the advertisements popping up on my homepage were tire ads,,,no bull.
Fantastic and helpful as the need for this type of solution blossoms. Learn, Earn, Don’t Get Burned
Thanks so much for watching :)
Hi Naomi, here in Spain you can't pay more than 2500€ in cash, the fine is 25%, you can do it person to person but not if there is commerce involved.
I haven't heard of coinjoin and these wallets; thank you! Very excited to research into these. Another, much thanks-wonderfu video! 🙏😊💞
Intelligent crypto talk from a beautiful woman. Mesmerising.
The house usually wins.
You bet... They still have access to your router logs. IP Address. NIC Card. etc... And if for some reason they shut these companies down... You just lost all your money..So in one day your ass can be broke.
The best way to approach this. Use an Alias name. Address. That way they know everything about someone that doesn't even exist....
Master Chief 00117 wow you’re dumb
Cool video. Good to see something in crypto youtube land that's actually informative about the functions of crypto and not just news, drama or TA.
Couple your informative, high content with Rob Braxman, wow!
Superb and in depth educational content,
Thank you so much!
Thanks for the great info. You rock💪.
Financial transactions could still be followed, albeit with a bit more difficulty. All notes have serial numbers on them. It is theoretically possible for those numbers to be scanned.
First video and now a sub!
Patiently watching every video and my amazon cart has so many new items to buy...
Thank you and keep up the great content!
Wow. Just got some great ideas for new crypto art from this + so much golden knowledge. Thanks so much for this gift.
Dont forget your "smart" tv's, computers, laptops phones, security monitors, watches, newer vehicles... ALL FACETIME you, so as your watching tv "big brother" is in the room WATCHING YOU!
Would be PROFITABLE if someone could develop a shield/screen that would distort any face-timers but still allow the viewer to watch, in privacy and clarity, their programs.
I don't have any CC anymore for a long time,don't internet shop internationally only in my own country, and here we have COD. Credit on delivery.
Looking forward to the tor vid. Great vid thanks 🙏
@1:35 mark- Marijana remains Illegal at the Federal level. There's NO where in America that it's legal. Also, The US Goverment holds Patent No. 6630507 on cannabis plant compounds. Although it expired on April 21, 2019, the statute of limitations for a civil action for patent infringement is six years, as stated in 35 U.S.C. §286. Medical mariuana companaies are taking a HUGE gamble the FEDS wont confiscate all profits made from a profitable business.
Wow Much Awesomeness information Naomiiii 🙏🙏🙏🙏!!!! Thank you 😊
I found you a couple of weeks ago. And loving it! It seems that cash may be on the outs. This is scary for the nontechy.
A cashless society is indeed scary. If they ban it, then privacy cryptocurrency transactions are the only hope of people maintaining financial privacy. Welcome to the channel!
I do a lot of online purchases. Cash just won't do anymore. I know the implications of that. If we think credit cards are bad, wait until blockchain and crypto currency become widespread
@Jerry L Kreps BTC is not what's going to bring about mass adoption. You have plenty research to do. Proof of Work (aka Mining) is being abandoned now for Proof of Consensus, Proof of stake, etc. Some of the newer protocols are 1,000 times plus faster than Bitcoin mining. Significant research and development has taken place in the last 2 years. Believe me, cash is a thing of the past. The 5 to 10 years I believe every nation on this earth will adopt digital currencies and Bitcoin will not be it.
@GreyGeek The rich will eat up BTC or send it to zero. It is HIGHLY centralized because 80%+ of the mining power is controlled by about 3 companies in China. Plus the powers that B can't contain it so they will not allow it to fly too far. Listen now to all the talks about "going green" lowering carbon, etc. those are keywords to smash BTC to bits.
Only buy from major websites like eBay, amazon
Another awesome presentation by a Beautiful lady that kept me looking at the screen !
You are very kind
I don't understand any of this. I have always firmly believed in strictly using cash. But now, they've made things to where you can't use cash for a lot of things. But even with all the new stuff, it won't be long before that's somehow tracked too.
People power wins again, I ❤️ this
It does sound nice to be able to use cash and not have everything tracked, but if you don’t have good credit these days often times it will keep you from getting the job you want and certainly the home that you want to live in or rent.
Wow good content. U do ur homework and it shows, and i’m fairly well-versed. Subbed & keep it up!!
P.s. Start building your audience on a blockchain based censorship-resistant platform in tandem to youtube. You’ll surely be glad you did this in the future
I cant comment on the best option, but i know there’s various options (below). Some will be easier than others to grow in tandem to youtube & onboard your youtube subscribers. Im confident you can figure it out :)
www.google.com/amp/s/adespress.blog/2019/04/10/7-blockchain-based-alternatives-to-youtube/amp/
Miss Naomie. There are other privacy aspects you could cover. Notably the Samurai wallet and the lightning network. As you know Wasabi doesn't run on Android but Samurai does and they have a difference approach to Bitcoin privacy.
And LN is VERY PRIVATE too. As Bitcoin adoption grows I think eventually onchain transactions will become more rare and LN will grow. LN payments are super fast, super cheap, and super anonymous.
Bartering or trading might've better than cash since there is no sales tax charge during trading.
Wonderful presentation thank you.
Do you have any videos for newbies to understand this?🤔
I'm not much intelligent person. I'd love something simple and easy. It'd be very helpful.😊
Excellent video Naomi. The sad reality is most people don't care!? When, oh when, will the population at large realize the folly of essentially giving up your free speech without so much as a whimper!
Amazing information. And i love that you have all the links in the info. Appreciate these videos. Its great that you show the wallet also. I knew about the items but never tried it so it was nice to see how it looks like. Keep being awesome :)
No, not "willingly give our data". Many times we don't have a choice as, vendors, shopkeepers, and other places only accept payment cards...
Excellent infomercial about your products. This really makes me want to buy a Sham Wow!
PayPal just cut off Stefan Molyneux.
Great video, thank you.
One of the few times I missed the Queen's late night stream.
May lightning strike me! Great upload as always.
Like who didn't know that when you use a credit card or debit card
Who wrote and financed these tools ? Let me guess one or more of the 5 I's
How are we supposed to build credit to get an apartment?? Why is this country so difficult to just live.
I just discovered your channel. Brains and beauty. Blew my mind on technicals that Andreas and Trace don't mention. Subscribed. Now I will have to explain to my wife who you are while I am bingeing on your videos hahaha.
@K Jhnsn thanks for your observations
Great video as usual. Thanks. One aspect I wish to hear about is privacy of transactions from a cold storage wallet .vs. IP address. Clearly if one has some cryptos in cold storage and wish to transact, one must upload his cryptos into a personal computer wallet (at least for the time of the transaction) . From that computer one has to initiate the transaction via the Internet, which uses an IP address. If this IP address is somehow monitored by a third party the crypto transaction existence could be observed, hence, compromising your anonymity. How can this security breach be avoided ?
Well done!
Privacy is now an illusion.
It's all about control. Standards of living have increased, but it is just modern slavery.
I have never had credit, so when it came to buying a house it was difficult, but was able to take advantage of a first-time home buyers program. I still cannot get a credit card because I have no credit history. LOL They want a cash-secured card--I'm not in the business of giving out $1000 interest free loans to a bank!
It was also difficult getting a job after being self employed and not having a credit card history. People were baffled that I would get cash from a bank and buy stuff with it!
@Naomi Brockwell
I got to about 5mins in and then realized how my folks feel about trying to learn new technology... and then it made me realize how old I was getting.
Is there a Bitcoin for Dummies? 🤣
Justin Smth - I’m sitting here going “can I get the English version please?” 🤣
I have no idea how bitcoin works. I’m pretty sure it has monetary value, but this all sounded like a complicated game to me.
oh no! I have a bitcoin for beginners playlist on my channel, but maybe I need to do a super introductory video!
@@theunboiledfrog1258 oh no! This won't do, I will make a more simple video that explains simply how to start using crypto in the first place
Naomi Brockwell - I wasn’t thinking it was something you were doing wrong - just how ignorant I am if this whole new technology 😳
@Naomi Brockwell - Please turn on *_CLOSED CAPTIONS_*
My worry is the banks selling it to healthcare insurance providers so people can be denied getting paid for certain healthcare based on their spending habbits.
At the moment, no bank in my country sells this in any way, their was a huge uproar when someone even suggested this. Pretty certain one reason banks want to do this very low or negative interest rates. Basically dealing with small customers is becoming a cost for them (think for about ATM security for example).
Countries that went more and more cashless even the government promoting it (yes, imagine a supermarkets you can only pay with some card, that's real) some governments have started to think:
maybe not such a good idea for people to have no cash what so ever in case of an emergency. So they've stopped promoting it.
I would suggest Dash for payments and privacy, it's speedy and secure as well (based on Bitcoin and has built-in optional privacy based on coin-join with less centralization than Bitcoin/Bitcoin Cash coin-join solutions).
At 8:05, you say that people absolutely must use multiple addresses rather than re-use the same one. You then say that when making a payment, UTXOs from multiple addresses are likely combined, thus giving away the fact that you own all those addresses.
If you will never re-use the same address for depositing BTC, what does it matter that you've given away the fact that some addresses belong to you? If you never make another deposit to those addresses (as per your insistence that we never re-use the same address), then they effectively act as 'throwaway addresses' once all the BTC they contain has been spent.
That having been said, I don't understand the privacy concern you raised. It would make sense if we were going to re-use the same addresses, but as per what you said at 8:05, that's not what we will do.
I think there is something I missed, so please explain your point in reference to my comment. Thank you, and I appreciate your video. It was especially useful to hear you break down the concept of UTXOs.
Pull out your cash from the banks and Wall Street.
Use "check cashing" companies to avoid the banking system; they also offer their own pre-paid debit card, money order services, and hawala cash delivery.
Learn about protecting your purchasing power with 100% untraceable cryptocurrencies, like Monero [XMR].
Stack physical bullion gold and silver.
Sure maybe we can pay for stuff anonymously, but it still has to be shipped. Are you going to like give a fake name and ship stuff to a PO box or something? That's not at all cheap for most items; potentially multiple thousands of dollars per year.
You can't even go spend cash without it being on the Media....for instance Price is Right
Bitcoin Cash CashShuffle and CashFusion are on another level compared to the other mentioned solutions.
@@martinsegura84 educate yourself before talking rubbish.
Every product has a UPC so they have always tracked those since inception. Now bit by bit they have increased the database to tailor production to consumption. That's the Theory and they also created the most crooked financial scam ever. That will collapse and is intended to bring into force rationing and of course conflicts so that people can be eliminated, legally of course. Happy New Year. Merry Christmas, Ho Ho Ho. We BB's knew this was happening and knew also that it was unstoppable. It used to make me cry which is enough of an excuse to be killed for being sorry for myself, though the knowledge was and still is unbearable.
Malcolm Watt The only way out is to live off the grid, make your own food, have no kids, and live in a tent. Anything else and the IRS can claim it as property.
@@taoist32 Hippy delusional BS. The way out is to stop believing BS because that's all that has happened.
Escaping the digital control grid is pretty impossible..
Frank Baumgartner Another comment stated that even if you pay cash at any business, the cash register still has receipts that are used for tax purposes. The IRS and FBI can still find you.
N.C.I.S. has already traced cash receipts I digress but thank you for the video and the info
Love the channel! I am doing a similar channel for the layman. I have opted out of the system as much as possible and work over time to be entirely out.
What happens with lost coins? I. E. Like pennies, Pence, or euro cents. I have them rolling around the bottom of my car. They fall out onto the sidewalk, down the drain, etc.
This is great, except for the senior citizen population, that has accumulated most of the middle class wealth.
I always pay in cash, make a point of it.
That's super awesome :)
If they want it bad enough, it’s already done. Everything is fair game today.
I only use cash and have been for decades. I definitely only use cash when purchasing guns and ammo.
Smart move
@Ronove Im in Idaho. Private sales, no paperwork. No tracking is possible.
@Fluffy Hamster I know it's bad in Europe. Governments that restrict your rights and liberties are the real criminals. You have the right to keep and bear arms no matter what illegal laws the state passes, for it is a human right from conception to death. Where I live, which is Idaho, the government recognizes that it citizen's have these rights to keep and bear arms. I Open Carry a pistol everyday, everywhere I go and have for several decades. Carrying arms in Idaho is just as normal as carrying a cell phone.
@@opencarry3860 I'd roll with you any day of the week man! Idaho sounds awesome.
Wish I could do that in my state...
I have my money deposited into a checking account with a debit card and paper checks. Are you saying that I need to go to the actual bank to remove cash to purchase items?
That’s my question exactly. And then, my friend tried to withdraw money when Y2K happened, but his bank didn’t like him drawing as much as he wanted to because the bank puts a limit on how much you can withdraw. So how can you withdraw the money and keep it in your house, which isn’t safe. Or are you supposed to buy the cryptocurrency with cash or through your bank accounts? Then doesn’t that fall under the scrutiny of the banks when you try to use that money for something and take it out of their system. It’s not like you’re putting it into another bank. You’re putting it into another form of currency. How could you do that when nobody accepts cash?
I wouldn't be too surprised if Canadians/Mexicans are not allowed into the USA simply because they used a credit card to buy marijuana.
Although I think that's currently not the case, except for people who have specifically had their records surveyed with a warrant, but the number of those people would be very low.
What about debit cards?
cash is KING. if i need to order anything online........get this...i go to an actual brick and mortar store and buy it with cash
Thank you! You are the best. From: So LethaL
Very confusing. Anyways I live in the US and I need to obtain a credit report score of atleast 600 for leasing an apartment. In order to do this I need to use credit cards in a responsible manner and keep current on my bills. How does crypto currency fall into this? It probably doesn't, but I really need a place to live and paying cash all the time doesn't help with the credit report. I guess personal loans would. But what does that mean as far as your personal data getting out? How do you use credit responsibly and try to live a more private lifestyle?
In Japan, Cash is still King. Most businesses will only accept cash. Of course this doesn't apply to online purchases. In China, cash is pretty much dead.
Wow this is complicated
My card exists solely to draw cash from the ATM. 99% of all my company's transactions are cash and I receive my own personal take from that company in cash, which I pay into the bank account for the very few payments that are paid by direct debit (phone, rent, etc..).
Who created the terminals and computer engineering to use "artifical" intangible "cash".
Your hair @3:45 Nomes 👍
And that’s why I’m all in in Privacy coins !!! Long BTC short the bank it’s time for a Revolution!!!
Keep drumming this message - up to the coinjoin. The rest is too technical for non-technical adults. Instead of explaining the juicy details, demo actual apps that do coinjoin and encourage getting the app now.
I’m moving to Nevada and will be semi off grid within two years. How do you feel about silver and other tangible precious metals over utxo’s, bitcoin or cold hard cash?
Most of us are too thick (myself included) to cope with what you're talking about. This coming from a former IT bod.
Let's face it Naomi, people who do this sort of techno-torture aren't doing it to "avoid having their information sold" to marketers (mostly).
They are doing it to avoid government scrutiny.
There might be a lot of good reasons for avoiding the government scrutiny, especially in places like Hong Kong, but we aren't so far gone in the West that is as crucial, right now (though I expect that to change in the near future).
People using this technology are probably doing some really shady shit that probably needs to be investigated (child porn). In fact, I have come to understand that merely downloading the TOR browser can get you extra scrutiny by the NSA, et al.
Having said that, in order to make something like this more useful, it has to be available to the masses, and its functionality transparent to the users.
Until that happens, it will just be a curiosity of techno-geeks and criminals, which will (ironically) make us less secure because it will invite increased scrutiny by the government.
LaserGuidedLoogie we ARE so far gone in the west, we already have weaponized government agencies, who have weaponized social media platforms, who attack opponents of the world wide revolution, MSM is weaponized for the same reason, as are universities. If you think they will not use this tracking ability against anybody who they think resists their agenda, you are mistaken. The financial system is one of their greatest tools to enforce compliance.
@@kevingrove4379 I never said otherwise.
Cash is not dependent on electricity. Sometimes the power goes out...
Way too complicated to be effective long term. Too many gyrations to keep bc private? Reluctant to spend cash, a benefit to hold onto & spend wisely.
A lot of is PEOPLE JUST SO DAM DATA NOSIE !!!!! WANNA KNOW ALL YOUR DAM BUSINESS IM TELLING U ITS ABOUT CONTROL !!!!
I see redhead, I click.
Bech32 is bad name because people who dont know it will think it means batch32. Thats why I pronounce it the german way.
Nice
They know what they're getting for Christmas, then? Kind of diminishes the entire point, doesn't it?
Oh no! I ruined the premiere and live chat, sorry all!!
We will have to chat here!
@@jayjayhales Hi!!
@@NaomiBrockwellTV 👋
@@jayjayhales How are you??
@@NaomiBrockwellTV 🥳
The privacy issues with debit and credit cards have been going on for decades now, but I guess some people remain obliviously to it so thanks for telling them. My issue is I have yet to find any credit system within crypto that operates the same (granted most people in crypto are against this modern system of debt lol), the only thing crypto seems to have is collateralized loans which doesn't help with overall wealth building leverage strategies let alone poor people who cannot put up collateral at first from start but could still make a $25/m payment on a revolving credit account if granted access like I was recently with a $500 limit on a "student" credit card. Do you know of any lending system in crypto that isn't collateralized that would serve as an alternative?
🥰 so cute.... yet so smart... 😎👍
Does Snowden have any advice on how to stay untraceable with crypto and Tor. Or maybe just more case studies of how the FBI and CIA are cracking people's privacy
Gosh, who was that guy in the newsclip who so rudely contradicted you?
I feel like I’m missing something. How can my purchases being tracked hurt me? It seems only if I’m doing something illegal it will hurt me. Since I’m not, why go through the trouble of hiding my fast food addiction? I’m seriously asking because I feel you guys know something I don’t know. I buy groceries, fast food, gas, and sometimes clothing. That’s it. How can this harm me?
Wonder Woman Having privacy means that we belong to ourselves. The more information businesses and governments and banks have the more it allows them to create profiles and grade us like a social credit system. A social credit system like China’s where you cannot get work, travel or participate in society if you don’t fit a certain demographic. Imagine if people were excluded from the financial and banking system because of sexual orientation, race or because the government decided that people with certain bad habits such as fast food, candy or cigarette smoking because they are a drain on society. This is why privacy is important it means we get to make choices about who we are and who we want to be.
Jacob Field that makes sense. Thank you for taking the time to explain that to me. I never thought of it like that.