I know what you are supposed to do, but if everybody knows this, why is there so much money waiting on the exchanges to be stolen?

I think you’ll certainly get that level of granularity in CBDCs, but that’s not what “public blockchain” means for Bitcoin. It may not be anonymous but it’s pseudonymous enough. The exchanges will always be the chokepoints, but those aren’t the only places where you earn bitcoin.

The other thing is I don’t really care about anonymity in the following sense: I just want complete control over my wealth, regardless of what anybody says about what I do with it. So maybe people could “see” where I’m moving capital to. They can’t do anything about it.

There was never any Bitcoin premine. Satoshi mined BTC like everybody else did, after the protocol was disclosed and the network launched. My guess is whoever Satoshi was, took part in the early dev talk (via the cypherpunks list), mined and contributed to the network like all early adapters, and then hit some point where he decided to step away.

In my mind the discipline and the humility to remain anonymous and leave the accumulated Satoshi stack untouched is almost other-worldly.

Half of me thinks they're a great idea. The other half thinks they're friggin' tulip bulbs, Internet style.

> The crypto folks have an expression: “Not your keys, not your coins”.

That is one part of the trio.

1. Not your keys, not your coins.
2. Not your node, not your rules.
3. Not your miner, not your network

The second is a reminder if you don't have a node, you have to trust someone else's. And that you need to reveal your interests when inquiring about addresses.

The third line is poorly developed but is intended to encourage every Hodlr to mine, preferably on their own premises. Mining, which has become a riskily large and identifiable activity, needs to return to its place in the Whitepaper. That is, each user does it, possibly for profit, but at least for decentralised resilience and protection of a network they use. If a proportion of the 300M mined, even at the 400w level, it would amount to a long tail that would keep the dog on the straight and narrow.

Stumbled over this mis-titled adoration of the central bank, the technocrats who'll save us all, that I think is pertinent to your comments:

“The People’s Ledger: How to Democratize Money and Finance the Economy”

"the Article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy—the People’s Ledger."

https://bit.ly/3ueEHyg

Democratic? They're unelected independent political appointments…

The author "advocates a comprehensive qualitative restructuring of the Fed’s investment portfolio, which would maximize its capacity to channel credit to productive uses in the nation’s economy."

Productive uses, in whose opinion?

At present, there is no way to safeguard against this, so crypto will remain a fronge phenomenon.

Your ignorance disqualifies you from opining. The entire point of crypto is self custody.

Always move your crypto off the exchanges.

Everything is correlated because the central banks are destroying the currencies.