02-03-2022, 11:51 AM
(02-03-2022, 11:02 AM)biketool Wrote: What 3rd party are you referring to? most non-centralized coins just transfer numerical value from one 'wallet' ledger to another once the coins are mined. Most transfer value transparently as well as make 'wallet' balance public even if it is not associated with a particular user/human but a few make it as private as possible and thus difficult to track and almost impossible to determine 'wallet' balance without the seed.
I will also agree that for the most part crypto is far harder to spend for real world stuff and services.
I was referring to mainstream "cashless" solutions such as credit cards, debit cards, bank cards, and other electronic payment systems in general. In the U.S. you cannot even purchase an over the counter debit card without providing your serf identification number to activate it. (That's the "Social Security" number in the U.S., which BTW we were PROMISED way back when would NEVER be used as a national identifier.) So really there is effectively no private means of making purchases here except for cash. Some companies are pushing to make retail completely cashless but are being held back by legislation due to the fact that many lower-income people in the U.S. have no bank accounts or credit cards and no means to even buy food unless cash is accepted. Other than that there would likely be little or no pushback from the public, they accept universal surveillance with open arms. Usually when I go shopping everyone else is using cards or smartphones to pay.
Yes, a big problem with crypto at the current time is in that as you say it is difficult to exchange for real-world goods and services. (The few places that accept crypto here generally accept only Bitcoin.)