/biz/ - Business & Finance

>>10231077
Because they want to pay a merchant that only accepts crypto for whatever reason

>>10231077
They won't know their using it, idiot. Businesses will use it to transact commerce on the internet with a stablecoin for immediate remittance. KYS nocoiner

>>10231154
not OP but see post one you fucking idiot.

I even get nervous when I send transactions sometimes even after I check the address five times.

thanks OP for the buy signal. skeptics will buy our bags at 50-100k in 3-8 months.

>>10231154
Before you call someone idiot consider that you could be wrong also.

The majority of businesses will never accept crypto until it becomes stable. And guess what? There won't ever be a stable coin until mass adoption happens.

>>10231180
>heh we are still early adop-

Bitcoin as store of value. Bitcoin can never go bellow $5,000 because mining costs. Just wait till one decent country collapses. The FOMO will be unreal.

>>10231170
Modern wallets check if the receiving address is valid or not

>>10231077

Does the average person invest in gold? Why does gold exist?
Also, please describe an average person to me.

>>10231194
There is a stable coin, it's called Tether, and it's only stable because it's pegged to fiat currency LOL

>>10231077
because it's a bearer asset with a finite supply that has an unrealistically high cost of attack and can be transported anywhere in the world by memorization of a 12 word phrase.

>>10231170
Did you not see what happened with the Bancor hack? They can encode security to retrieve hacked or lost coins. Companies would use if your can retrieve, have an open, immutable ledger and have instant settlement.

>>10231197
>I bought at 5k

>>10231077
They won't know they are using it when LINK is taking a tony percentile of every recurring bill everything they wear, eat, see, live in, walk on and travel in.

>>10231202
People invest in gold because investing in precious metals have been considered valuable for thousands of years.

Obviously once crypto becomes mainstream people will invest in it but that's not my point. My point is how are we going to get to mass adoption in the first place?

And when you think of the average person, just think about your mom, college students, or people who live in a suburbs in some random town. Basically anyone who isn't technologically savvy or is a mindless consumer.

> To break away from being systematically controlled by big government

>>10231301
>> To break away from being systematically controlled by big government

Normies will only adopt it with real custody solutions (banks) and insurance. Which everyone here will hate. Otherwise it will only exist on the back end to help move money more easily.

>>10231077
Because banks can lock your funds inn case of a credit freeze? Because taxes? Because venezuella 2.0?

Seriously, where were in 2008.

>>10231285

There are many people thinking about this. People that are smarter than you and me combined. They will figure it out. I am no worries :)!

>>10231077
one day there will be bitcoin banks to hold the normies hands. These banks will be different than our current banks because they won't rely on fractional reserve banking and credit.

Bitcoin or any other crypto will not be the world currency. It will be the world reserve currency, and restore balance to the banking system. No longer will banks be able to create money out of thin air. They will be tied down to a scarce asset, just like how they were tied down to gold in the past. The real redpill is that normies won't even have to understand bitcoin. The banks will.

>>10231347
the average burger has a memory of ~3 years. nobody here remembers 2008 now. it's like it didn't happen. property values are far higher than they were then too, and rapidly increasing (unless you're in some area that had a big exodus like detroit)

>>10231077
Anonymity. Period. That's the only appealing part of it.

>why would people use USD if they have a local currency?
Everyone is on the USD even if they personally don’t have it or see it

Greshams law brainlet. Once it scales + gets fungible with private transactions, it's OVER for fiat you fucking aspie

/Thread

>>10231077
>Explain to me why...
1. until it gets idiot proofed
2. you're right on that one. but the majority can't/wont even secure their dick pics
3. is like saying people won't use the internet because bbs are shit, sending an email requires writing code and it takes 20 mins to download some porn pics

>>10231077
1. You man trade Crypto for goods and services worldwide.
2. Countries have legalized and treat Crypto as legal tender.
3. Transfer funds to friends and family worldwide by simply scanning a QR code.
4. New technology enables companies to utilize tokens with smart contracts to execute commands to hold or release assets after a contract has been fulfilled.
5. Merchants such as Starbucks, Burgerking, Overstock, and retail stores have begun adopting and accepting Crypto as payment

>>10231285
>And when you think of the average person, just think about your mom, college students, or people who live in a suburbs

because my dad didn't have an email address or shopped online until last year doesn't mean the internet is a failure

>>10231077
>1. Its error prone. Send it to the wrong address and say good bye to your funds forever. You do realize we live in a society where credit card companies and banks basically hold people by their hands? No one will want to use a system that risky unless they care about privacy. This brings to point 2.
crypto exists with or without retards

>2. Privacy. The only people who really give a shit about privacy are the people who already began to adopt it. The reality is that most people don't have the time or the interest to care about privacy. If you think people are going to majorly inconvenience themselves for the sake of privacy you're deluded.
crypto will continue to exist with or without retards

>3. People don't like to learn new things unless it benefits them. Doesn't matter if transactions are slightly faster and the fees are slightly less. The average consumer doesn't even realize that stores get charged by the credit card companies when they buy something using a credit card. Why would they learn something so new and complicated?
I truly, truly hope that crypto is the universe's answer to purging the retards

also this picture is deceptive because the areas are not clearly scaled, but look at the numbers to the right and realize that there is no need for the "average person" to become interested in crypto for it to increase in total market cap.

>>10231493
Right of course not. But I don't think its far fetched to say that the internet has way more actual use than crypto currencies.

The internet allows you to access information and connect with people extremely easily. A person can easily see the convenience of being able to read a newspaper online or to send an email rather than a letter but it will be much harder to see the convenience of something as intangible as privacy.

>>10231077
I genuinely believe you are too stupid to understand even if it was explained to you.

>1. Its error prone. Send it to the wrong address and say good bye to your funds forever.
shit argument. You know what else is error-prone? Driving. Move your wheel slightly to the left or right and say goodbye to your life forever. Why are people using cars when the risk of dying is so high?

>2. Privacy. The only people who really give a shit about privacy are the people who already began to adopt it.
Privacy is a feature, not a negative or a counter-argument for why people won't adopt crypto. You can't even construct your premise properly.

>3. People don't like to learn new things unless it benefits them.
Wow, so insightful. Basically, except point no.1 (which is very weak) you don't have any proper arguments against crypto adoption and you want to be spoon-fed. I'll spoon-feed you just so you stop making stupid threads.

First of all, let me repeat that your argument is stupid, not just because of the reasons above but because you have no idea who the average person is. If you want to argue "all or nothing" you can fuck right off. There's no technology in the world that has 100% adoption, maybe with the exception of a mobile phone, but even then you'll find people that don't have one. Now lets talk about use-cases where the average person would use crypto.

CONT'D

>>10231077
All of this has been thoroughly debunked here:

https://rosecrypto.com/What-Is-Bitcoin

>>10231077
1. Checksummed addresses prevent this

2. Non issue

3. It benefits them.

Holy fuck at all the autism itt.

It's very simple you faggots: GRESHAMS. LAW.

google it if you're too much of a brainlet to not know what it is, and then mods archive this thread.

/Thread

>>10231481
> Merchants such as Starbucks, Burgerking, Overstock, and retail stores have begun adopting and accepting Crypto as payment

After reading this comment, I went down to my local Starbucks to order a coffee and give them ICX. The barista had never heard of ICON before. You sir, are incorrect and fuck you for wasting my time sir.

>>10231586
1. Comparing cars to crypto isn't a good analogy. Cars solved an actual problem. They allowed people to get around faster and more reliable than using horses and allowed people to transport more material. Crypto doesn't solve any problems that most people actually care about so the risk of losing all your funds isn't worth it. Not to mention people are already accustomed to the safety net cast by banks and credit card companies so they won't want to switch.

2. That was just a counter arguement for people saying that crypto will be adopted because of privacy.

3. That is a well known fact. People don't want to learn new things unless it benefits them in a noticeable way. Hence why we still use the QWERTY keyboard.

>>10231077
INTEGRATION
INTO
LEGACY
SYSTEMS

ya dummy

>>10231558
You may have a point there, but what would make investors want to invest a large portion of their capital into something that has a low marketcap, is volatile, and easily manipulated?

>>10231197
>Bitcoin can never go bellow $5,000 because mining costs.
I also dig holes in random places and sell them for hundreds of dollars, because it took several hours to dig them.

Your holes don't have any value (No pun intended). Bitcoin is the perfect currency AND it has a minimum selling price.

>>10231077
>1. Its error prone.
You can use say the currency with protection against that (eq NIMIQ)

>2. Privacy.
I totally don't get your point here. Privacy is little related to money.

>3. People don't like to learn new things unless it benefits them.
Slow and steady.

>>10231674
I had to stop what I was writing to address the retardation. So you mean to tell me that losing your money cause you typed a wrong address is a bigger obstacle than losing your life while driving? Holy shit. You understand that cars are literally death-machines, right? You understand that if you don't pay attention just for 1 second you are dead, right? And it's not a one-time thing like in a transaction. Literally every second that you are on the road you could die from your own mistake or another traffic participant. YET, people still drive fucking cars around. Looks like the threat of death was not an obstacle that big for adoption when the entire fucking world has cars. On the other hand people will not adopt crypto because they risk losing 20 bucks when doing a transaction.

HOW FUCKING DENSE ARE YOU?

>>10231077
>unless there was a financial collapse and the dollar became worthless
well there's your answer brainlet

>>10231844
once addresses are linked to emails or IDs or whatever, this becomes a non issue

>>10231371
>bitcoin banks won't engage in the current shenanigans that conventional banks engage in because of reasons

>>10231844
Would cars have become popular if there were already another, safer method of transportation that worked basically just as well (as far as the average person is concerned) and that people were already comfortable with? Transactions are already incredibly convenient and safe. Buying virtually anything is as simple as swiping a card or tapping my phone, and I have complete confidence in the bank which I store my money. Why would I want to give that up for crypto, unless someone can illustrate that it greatly enhances my lifestyle (like upgrading to a car from horse or foot travel)

>>10231844
Cars allowed people to travel farther distances in a shorter amount of time. They also protected you from precipitation and hot/cold temperatures and allowed people to transport more weight.That's why people were willing to make that trade off.

Crypto doesn't offer any benefits that people care about for the risk that it involves.

>>10231077
I hate cryptoshit and even I think you're a faggot.

>it's another buttcorn is crypto episode
join the fomo3d discord and you'll see plenty of normies with an interest in dapps/gambling who came through youtube
it's ironic /biz/ doesn't play dapps even though the average crypto fluency here is higher, kind of like how /g/ disregards crypto entirely even though they're married to their computers

>>10231768
so they could easily manipulate poorfags into buying their inflated bags of course

>inb4 they already did
yeah probably
but they'll keep doing it again and again

>>10232008
that's mostly you being young, turbobluepilled and ignorant. distrust in institutions is correlated with intelligence + wisdom, or in other words it's only a matter of time until anyone but retards become wary of their government and/or their banks. takes only one really bad experience to change mindsets

>>10231077
>remittances
>fast money transfer worldwide
>low transaction fees when transferring money in other parts of the globe
>act as an alternative form of FOREX

I'm no computer nerd but even I see the uses of crypto even if the hype around blockchain doesn't materialize. You'd be an idiot not to see it.

>>10231077
All it needs is a normie friendly front-end ya ridiculous pleb.

>>10231768
as a hedge against the legacy system, after recognizing its potential for future growth due to >>10231206

>>10232612
People are still using facebook even after the whole scandal with facebook selling their user's information out. People seem to either not care or have a very short memory when it comes to privacy violations and distrust of the government.

>>10232612
All the horrific shit that our government (and our banks) have been caught doing, and you still genuinely believe that there's going to be some major event that causes people to "wake up" and not trust our institutions? Someone could release hard evidence tomorrow that the US government conspire with JPMorgan Chase to carry out 9/11 and all that would happen is late night hosts would whine about it for a bit (before going back to talking about DRUMPH) and a bunch of people would share memes about it on Twitter.

>>10231077

Much lower entry, investing opportunities.
Indie developers will have control over their own payment solution.
Store of value.
Improved gambling services.
Tax evasion (don't underestimate this, the majority of people hate taxes)
Black market buying/selling.

Fees, transaction speeds, ease of use, etc will all be better than our current options, in the not so distant future.

>>10231687
>integration into legacy systems

>>10232928
>>10233587
All it takes is a small minority to say fuck it because they can see the hell on earth that inaction will bring.
Each class has a majority of useful idiots. Those at the bottom have theirs (the masses). In that way, the pyramid is too simplified. There are pyramids inside each level of pyramids that are separated by ocean and can only transversed by the boats of intuition. It goes both ways, which is why any tyranny needs surveillance.

We just need to pit our smart people against their useful idiots (the liberal elites) and use the number from our masses against them. This is what the elites have been doing against us for millenia and your black pill is just merely part of the illusion.

Fuck this and this gay earth.

>>10232618
>implying the average person has much money to send around worldwide
in which bubble do you retards live?
after ten years this shit is just as inconvenient for the average person as in the beginning
>muh private key or all your money is gone
>muh freak ass long addresses you have to get right or all your money is gone
ever heard of paypal or banks?
the "average person" is just fine with the options currently available
for the technophile young asian crowd, there is already alipay etc
even the conservative banks in germany (where no one uses credit cards, they prefer to pay in cash) started instant payment solutions this year
no one apart from you retards in your internetechochamber is interested in btc
and even you retards interested in this bullshit don't use it for anything other than speculation
why don't you see that?
you hope for normies "USING" it to pump your bags when even you don't USE it
does'nt make much sense if you have half a brain

>imagine a world where the gov isn't stealing your money and instead you have to have local GoFundMes to fix roads and shit

>>10234143
>imagine being this retarded

>>10231077
Gr8 bait mate. You're also right, only con artists and their autistik victims are in crypto right now. You might see minor adoption in the 3rd world where people have unstable currencies, mobile phones and buy goods and services for <1$ on the reg. Even so that is not going to drive up the price of crypto very much, it may prolong its life a little, the real money has already been made off of retard HODL'ers who missed the peak.

>>10231077
Explain to me why the average person would EVER use a credit card?

Go ahead. I'll tell you why they wont:

1. Its error prone. Swipe the wrong card and say good bye to your credit forever. You do realize we live in a society where check clerks and banks basically hold people by their hands? No one will want to use a system that risky unless they care about privacy. This brings to point 2.

2. Convenience. The only people who really give a shit about convenience are the people who already began to adopt it. The reality is that most people don't have the time or the interest to care about convenience. If you think people are going to majorly inconvenience themselves for the sake of convenience you're deluded.

3. People don't like to learn new things unless it benefits them. Doesn't matter if transactions are slightly faster and the fees are slightly less. The average consumer doesn't even realize that stores have to spend time going down to the bank to cash out their money when they buy something using a check. Why would they learn something so new and complicated?

So please tell me why people in first world countries would EVER adopt the credit card unless there was a financial collapse and checks became worthless.

>>10234312
>Swipe the wrong card and say good bye to your credit forever.
Holy shit you're a retard.

>>10231077
Being able to pay people in microtransactions who live in another country.

>>10234368
Yes, Crypto will really go through the roof once pennies for 3rd world gorilla poosy pics hits the masses. It's not like bitches post porn for free on imageboards, websites, instagram, Tumblr, etc.

>>10234312
Explain to me why the common folk would EVER be inclined to use a check?

Attempt an explanation. I'll tell you why they shan't.

ONE: The gosh darned things are error prone. Write the wrong number on a check and say cheerio to your funds, chap. You do realize we live in a society where bank tellers and merchants basically hold people by their hands? No one will want to use a system that risky unless they care about FRAUD. This brings to point numbered TWO.

TWO: FRAUD. The only chaps who really give a tallywag about FRAUD are I-talians and JEWS. The reality is that most folks don't have the dilly or the inclination to care about FRAUD. If you think the average fella is going to majorly inconvenience himself for the sake of FRAUD you're in a sore state of confusion, sir.

3. Peasants don't like to learn new things unless it benefits them. Doesn't matter if business dealings are slightly faster and you don't have to carry large sums on one's person. The average saint paul doesn't even realize that stores have to spend time going down to the bank to swap out their paper notes for REAL GOLD when they buy something using cash. Why would they learn something so new and complicated?

So please tell me why blokes in her majesty's kingdom OR America would EVER adopt the check unless there was a global jewish tomfoolery and paper bills became worthless.

>>10231077
ive said it before and ill say it again. its western union 2.0 and nothing more.

>>10234439
>The only chaps who really give a tallywag about FRAUD are I-talians and JEWS
Now comes the virtue signalling to bolster a sad, weak argument made in the weakest argument form, the analogy .... just pathetic. Are you Hoskins?

>>10231301
>>10231310
Imagine being so redpilled you place blame on the poor for stagnating wages for a gorrilian years, and thus putting more people on financial assistance.

>>10231077
A. Moving capitals overseas
B. Hiding capitals
C. Paying for porn and dildos without them having your personal info

Go ahead. I'll tell you why they wont:

Go ahead. I'll tell you why they wont:

1. Its error prone. Flush it down the right hole and say good bye to your feces forever. You do realize they live in a society where designated streets basically hold people by their hands? No one will want to use a system that risky unless they care about privacy. This brings to point 2.

2. Privacy. The only people who really take a shit in privacy are the people who already began to adopt it. The reality is that most people don't have the time or the interest to care about privacy. If you think people are going to majorly inconvenience themselves for the sake of privacy you're deluded.

3. People don't like to learn new things unless it benefits them. Doesn't matter if toilets are slightly cleaner and the stench is less. The average indian doesn't even notice that streets designated by shitting stink. And when they step on something using a shoe, they can scrape it off. Why would they learn something so new and complicated?

So please tell me why people in turd world countries would EVER adopt toilets unless there was a financial collapse and toilet paper became worthless.

>>10234514
>A. Moving capitals overseas
This presumes widespread adoption of an 100% anonymous crypto as a payment system otherwise you have to enter normal finance to convert to local currency and you will then be caught.
>B. Hiding capitals
Crypto is not necessary for this, only children with no $ to hide would think crypto would be good choice for hiding $.
>C. Paying for porn and dildos without them having your personal info
Just buy a Visa/MC gift card with cash, anywhere

>>10234422
Not referring to porn, I manage the outsourcing for a Japanese company. They market AI to their business clients but in reality I was contracted to build out an interface/automaticpayments in crypto to third worlders. So Japanese business clients think this Japanese company has great AI but its third worlders doing penny labor in real time under the guise of AI.

>>10234312
Great straw man.
Credit/debit cards allow you to not carry large amounts of cash, to buy stuff you currently don't have the cash for, and to buy stuff online. They allow you to track your purchases easily. They are a major convenience so they were adopted.
Also if someone steals your fiat and spends on on something there's no way in hell your getting that back unlike if someone steals your credit card.

>>10234368
That's currently the only real world use (besides on the dark web) for crypto. Don't think that's enough for mass adoptions though.

>>10234639
If you have 1000 fillipinos doing CAPTCHAS for .0000000000000000000000031 BTC per solution I applaud you sir. That will not a.) drive the price of crypto up or b.) speed mass adoption outside 3rd world countries. In a shithole country the government doesn't care how $ makes it into the country, but that's much different in a 1st world country.

>>10234683
>.0000000000000000000000031 BTC
Dumb nocoiner.

>>10231170
fuck bro i know right its so hard to scan a qr code or fucking use nfc to make payments goddamn its over im selling

>>10231310
Anyone have an updated version? I'm sure it's 10x worse

>>10231301
>>10231310
Obama is a pure psychopath who completely fucked the country to keep democrats in power.

>>10231206
When you put it like that bitcoin going to 100k doesn't seem like such a big deal. More like it would make sense.

>>10231077
>privacy
palantir
also, monero is the new bitcoin. it even has that orwellian vibe like the name soros, so there's probably an inside joke there as well that i'm not getting

>>10231077
1 - It allows people take control of the situation. If you fuck up, that's on you. If a bank fucks up, that's 100 times more frustrating to deal with.
2 - You're absolutely right, but it would seem the general opinion is that privacy has its niche in crypto but isn't necessary for adoption.
3 - Because this technology will eventually permeate many facets of our everyday life, so get on board or get left behind. Part of mass adoption is crypto in general being more foolproof and easier to grasp. If that gets accomplished, that's half the battle.

>>10234721
:( bagholder
>>10234845
asst valued in currency which cannot be redeemed except by criminals at risk of a complete loss, brilliant, why not 200K? There are much safer ways to transfer $, offshore corps have done it for years lawfully, whay doncha try showing up with your $100,000.00 of "bearer assets" in crypto and find a way to convert it into local currency without criminals ripping you off of the local government getting wise. You must be like 14 bro.

Much lower entry to invest in companies: no need for 10k capital, invest 100 dollars in some booming new tech company like amazon, and your 100 dollars is worth 120/150 dollar next year.
Indie developers will have control over their own payment solution.
Store of value.
Improved gambling services.
Tax evasion (don't underestimate this, the majority of people hate taxes)
Black market buying/selling.

Fees, transaction speeds, ease of use, etc will all be better than our current options, in the not so distant future.

>>10234935
> " Because this technology will eventually permeate many facets of our everyday life,"

How will it get to this point?

>>10235031
Much lower entry to invest in companies: no need for 10k capital, invest 100 dollars in some booming new tech company like amazon, and your 100 dollars is worth 120/150 dollar next year.
>you don't need crypto for this
Indie developers will have control over their own payment solution.
>you don't need crypto for this
Store of value.
>you don't need crypto for this
Improved gambling services
>you don't need crypto for this
Tax evasion
>you don't need crypto for this
Black market buying/selling.
>OK, yeah, but that will not lead to mass adoption and it didn't work out to well for Silk Road
will all be better than our current options, in the not so distant future.
>the financial world will just stand still while crypto takes over huh, keep dreaming kiddo

>>10234128
paypal are fucking dicks who censor honest people out of no fucking where
fuck you

>>10231077
fuck off nocoiners you're too dumb for crypto

>>10235110
Sure usual buy high sell low advice. Anyone who buys Amazon today will be fucked.

>>10235110


Sure you can probably achieve all these things in a multitude of ways. But I do think crypto makes it easier.

Take tax evasion. Is it easier to just get paid in monero by your customers.. or in cash? Assuming that you sell online, I think monero will be much much easier.

Take gambling, sure there are companies which currently offer those services. But crypto allows for smaller startups to join this world, with the premise that they can't cheat their customers, and that they have a lower overhead. Yeah you can do this other ways, but I do think crypto makes it easier.

Finally, take investing. Sure you can create 'middle man' companies. But again these need to get paid, they have to a lot of paperwork, and I think crypto can make this process much faster and cheaper.

>>10231077
You know email and the internet used to be complicated, right?

>>10235110
>Store of value.
>Improved gambling services
>Tax evasion
>you don't need crypto for this
Crypto is better than gold:
Better resale value. Gold buying shops only offer 80% of spot value
Crypto you can buy/sell to anyone at any time with no one getting in your way
it's also a little easier to hide
tax evasion & drugs, same reasons
online gambling is much more efficient with crypto. smaller spreads, auditability, and also transaction speeds.

You don't "need" a car, but it's much better than a bicycle

>>10231077
>average person
THEY LIVES NOT MATTER

>>10231077
The average person will use crypto when their fiat fails to buy them bread.

Explain to me why the average person would EVER use the internet?

Go ahead. I'll tell you why they wont:

1. Its error prone. Send email to the wrong address and say good bye to your privacy forever. You do realize we live in a society where advertisers and malware basically hold people by their hands? No one will want to use a system that risky unless they care about privacy. This brings to point 2.

2. Privacy. The only people who really give a shit about privacy are the people who already began to adopt it. The reality is that most people don't have the time or the interest to care about privacy. If you think people are going to majorly inconvenience themselves for the sake of privacy you're deluded.

3. People don't like to learn new things unless it benefits them. Doesn't matter if email is slightly faster and the fees are slightly less. The average consumer doesn't even realize that stores get charged by the postal service for stamps when they send something something in the mail. Why would they learn something so new and complicated?

So please tell me why people in first world countries would EVER adopt the internet unless there was a financial collapse and the postal service went bankrupt.

CURRENT BITCOIN PRICE IS NOT ENOUGHT FOR FINANCE EVEN SMALL WAR/REVOLUTION
https://pastebin.com/ZUxTmR99

>>10231370
>There are many people thinking about Flying Cars. People that are smarter than you and me combined. They will figure it out. I am no worries :)!

AMOUNT OF PEOPLE MEAN NOTHING
MEAN ONLY MONEY THEY HAVE
https://pastebin.com/ZUxTmR99

>>10236592
Thanks for the bullish words. It won't be much help when the technocratic NWO takes it over, but thanks anyways fren.

>>10236592
An impressively brainlet post

>>10231844

im giggling like a girl... why do i find that pic so funny?

>>10231154
>stablecoin
There are no stable cryptocurrencies anyone accepts except tether.
>>10234439
(You)

>>10231962
banks won't be able to because they're tied to a fixed asset. Not only that, you can check a banks reserves by looking at their wallet address on the blockchain. Banks will easily be held more accountable for their shenanigans.

>>10231077
Most people won't except for people who just want a ROI. Crypto is the modern version of tulip mania. The bubble has already popped so bagholders have no choice but to futilely shill their bags.

>>10237227
>Most people
THEY LIVES NOT MATTER

>>10231077
>Why would normies adopt a currency coin like bitcoin or litecoin?
They won't. Currency coins are useless bullshit.
>Why would normies adopt smart contracts/dapps?
They won't even know they are using them and they will automate entire industries saving billions of dollars.
/thread

>>10237263
T. WAGEKEK

>>10234128
>implying the average person has much money to send around worldwide
You don't need to have boatloads of cash to send money worldwide idiot. Foreign workers, immigrants who send money to their families back home, students who need money from parents but live in a foreign country, etc. can take advantage of it numbskull.

>muh private key or all your money is gone
>ever heard of paypal or banks?
Lol, and all it takes is for your password to be hacked and your signature/account number to be copied. Same shit retard.

>muh freak ass long addresses you have to get right or all your money is gone
What are barcodes anon? Jesus you just like to post without thinking, do you?

>>10231197
> Bitcoin can never go bellow $5,000 because mining costs
wrong

>>10236592
Posts similar to yours have been addressed in this thread already.

Instead of a proper response you shall now receive a brainlet image.

>>10236712
holy shit chinas stock market is tiny, are they even trying?

>americans are literal retarded tubs of lard so bitcoin will never get adopted

maybe in america it wont

>>10231154
>nocoiner

Argument discarded

>>10231077

All valid points you raised here anon. As someone smart and famous said ...

> there is 1 crypto currency and 1600+ ponzis

So I'm betting on that 1 crypto to get worldwide adoption within the next 5 years. The rest is just noise and lots of ponzi scams.

>>10231077
>blockchain and crypto is just currencies
idk if troll or ignorant or stupid or all 3

>>10237629
> Probably invested in link

>>10237263

Useless? Not entirely, they'll be like a universal financial layer on the Internet, which is huge for anyone that's experienced the horrible fail that is developing with shit like PayPal. You're right though, normies are never gonna use em directly, it'll be mostly B2B and a few DNM shoppers. Smart contracts are the big deal, but even then normies won't know the difference, they're just another type of database at the end of the day.

>>10238287
>they're just another type of database at the end of the day
Retard detected. A blockchain is just a slow expensive database, true. Smart contracts allow almost any type of transaction to occur between two or more parties in a trustless fashion with no 3rd party required to validate. If you can't understand how big that is you're retarded

>>10238570
>retard detected
Oh, the irony. A blockchain is a decentralized trustless ledger. It does this by following certain rules in the program and math that solves the byzantine generals problem if no one person OR BANKING CARTEL owns 51% (or in some cases more) of the chain.
(c0nt)

>>10238619
A smart contract is a blockchain that adds features by adding in more complex rules in the program to follow commands. This can be a problem since you have to get it right the first time and you'll stick with it forever. That's why banks still use the COBOL programming language. Almost all the bugs have been cracked at that point, and even if COBOL is long in the tooth, it is extremely secure. This is why banks will be using BTC and ETH and not as much ADA or anything else new come ten or twenty years time.

Blockchains aren't just slow, expensive databases although anyone uneducated will assume that. Development time will trim that down, with various tradeoffs. Banks may even decide to cut down on security because they can just ask the fed to print more money.

>>10238656
*print more money via TETHER

>>10231077
Gambling

>>10234128
white burger tard confirmed
you're a shrinking minority, you moron. most browns and yellows send money home routinely. more and more whites date intercontinentally too
you're arguing the use case doesn't exist to people who literally use it for that right this instant

>>10231077
>The only people who really give a shit about privacy are the people who already began to adopt it.
wouldn't it be miraculous if, you know, we got more people over time?

>>10231077
>Its error prone.
>Send it to the wrong address...

>>10231077
Because why shouldn't there be competing monetary alternatives to the traditional fiat. In real capitalistic ecosystem this would be encouraged. We'll "soon" find out, I guess.

>>10234439
gave me a good laugh

QR codes
the rest of your post is trash

>>10231077
The average person wouldn't.
Seriously, credit cards and Paypal all do GREAT with online payments... there are usually ways to pay with minimal or no fees, and it's INSTANT.

On the other hand, big money always likes to hide and cross borders. Just check out the Panama papers. Placing their money in offshore accounts, dummy corporations, people will go to all lengths to hide their money from the big bad government...a LOT of big name people have tax cases against them, and you'll also see a lot of people hiding their money, even the Panama papers had some big name celebrities involved.

A similar use case would even be for hiding assets during a divorce. Or even simply sending amounts overseas over the limits AML laws and capital flight laws allow... capital flight is a real thing (as China only allows each citizen to bring out only $50k annually out of the country), some wealthy Chinese even use illiquid stores of value like paintings just to get their wealth out of China (just google Liu Yiqian)

That use case actually doesn't need fast transactions, scaling, or all that jazz, yet. What they need is liquidity (which bitcoin has most of) and stability (which is achieved only by having a REALLY high marketcap ala gold's $8T), in order to attract people of said use case to crypto.

So the said people interested in creating such an asset, for the above use case, have a vested interest in making the market rise, in order for them to make this new asset class a success.

>>10231077
The average person doesn't care about crypto and will never care about it. It's the tech behind it, obviously, insitutions will use it for several reasons, starting from fraud to transparency...this will mostly happen in a type of private blockchains and nothing else...BTC will survive due to word of mouth, reputation and the tokenomics...limited supply...some dapp plattforms will survive too and maybe some tokenizing focused projects.