/biz/ - Business & Finance

>>29007183
They're likely taking a multi-pronged approach.

BTC...
> is used on the black-market
> is used by terrorists to fund terrorism
> wastefully contributes to climate change
> is vulnerable to 51% attack by state actors
> is unsafe, people have lost their money (mt. gox, missing wallets)
> is expensive & slow, can't be used as a currency
> is unstable, can't rely on the price
> can't be fixed, since no one has been able to fix these issues for years

Whether or not you agree with any point is immaterial.
They'll blast these memes on all channels if and when the time comes to kill it.

If that happens, then it will likely be legislated away. Running nodes or holding currency will be made illegal over time. You'll have a grace period to dissolve your holdings, during which the price will crater as everyone runs to the exits.

No one knows what will happen, but these ideas have already been circulating in the mainstream, and countries like India & China have expressed their disapproval of BTC.

Seems like the writing is on the wall, but who knows? Also, the bull run could continue for a while.

>>5715715
Interesting idea.
From the "Helicopter Money" wiki entry:
> In November 2002, Ben Bernanke, then Federal Reserve Board governor, and later chairman, suggested that helicopter money could always be used to prevent deflation.

Bernanke is one of the ones who has been vocal in his support for Ripple. Just to spell it out for people - this is a FEDERAL RESERVE central banker shilling for RIPPLE.

https://www.coindesk.com/bernanke-blockchain-payments-obvious-area-tech-help/

https://cryptovest.com/news/ex-fed-reserve-chair-ben-bernanke-lauds-ripple-says-bitcoin-will-be-squashed-by-governments/

There are so many bigshots connected to this. It could be an extremely elaborate con (and I'm sure they'll all end up richer like they always do) but something tells me that whoever can read this properly and has the guts to buy in is going to be rewarded big time.

>>5667666

>>5667340
> 5 btc
> GOING to make it
LMAO bitch I've already made it!
I have XRP from when it was
> P E N N I E S
Every step up from here is fucking gravy!

ARE
YOU
MAD
????

You know when something is going to be huge by the polarizing effect it has.
Ripple is both desperately hated and reverently worshipped.
Trump pulled the same trick. People hated his fucking guts, and chose him as cult leader.
When you can drive interest by stirring both negative/positive emotion to an extreme degree, you can then direct that energy however you like...
See you on the moon!

>>5626758
> Bitcoin will defeat the banks!