/biz/ - Business & Finance

>>15968256
Bitcoin? No.
Crypto? Absolutely.

>>15968256
>every fiat currency in existence has gone to 0
>every empire in history has collapsed
>t-this time it's different

>>15968264
Crypto in general can be banned but not bitcoin? ok then. Yes, if even one node exists, technically bitcoin still exists. a few dozen neckbeards basement computers will still have it. Thats it.

>>15968306
>Crypto in general can be banned but not bitcoin?
Yeah, that's totally what I meant you fucking retard. How do you even dress yourself?

>>15968285
The USD has an expiration date that is true but for now it is king of the world. If mango wanted to he could kill bitcoin and your precious coins would go back to being worth $20 only used for drugs and human trafficking.

>CASH is KING, baby!!!

>>15968354
>only used for drugs and human trafficking
What do you think USD is used for exactly? Do seriously believe big players have to play by any rules?

>>15968367
reread my quote retard. The USD will be used for many things. ALL the things. bitcoins ONLY use case is paying some weeb in japan for child porn and to mail you drugs.

>>15968377
As yes, because no major online retailers would ever- oh wait

But surely you'll never be able to walk up to an ATM and- oh wait

Well it's not like you can buy a car- oh wait

B-but the local burger joint will never take them...right!?

>>15968354
>If mango wanted to he could kill bitcoin
the US will severely fall behind in the global financial arms race if they ban crypto. even the chinese are far ahead now, by digitizing their currency and accumulating as much BTC as possible (as are the russians). the entire world is searching for an alternative to the USD and you think the US will win out? kek
i'm placing my bet on software and math over retarded boomers.

Yes and that’s why I’m still browsing this board, and I will stay invested until I die

>>15968411
The united states government has made no efforts to stop bitcoin. You seriously think bitcoin atms exist in spite of the government? If it was actually a threat, it would be crushed.

>>15968424
China would love to shutdown bitcoin. It closes a capital flight window. The only wild card is russia and bitcoin is not what they are buying.

>>15968440
First, they laugh at you.

>>15968464
We also laughed at people buying beanie babies.

>>15968440
Uncle Sam tried to shut down Bitcoin in 2012. Didn't. Bc couldn't.

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/

>>15968488
>A paid forbes blog with no backing proof.
Ok lad, sure thing. Also,
>"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.
Yea it sounds like they really gave it their all Anon. Assigned one person to investigate. You win. The USD lost.

as long as the government can act on bitcoin, it does not matter, they will just profit from it, which they already do since some time.
the banks still have a lot of manipulatory power by trading.
the government has a lot of power on the legislative.
the cryptography can be subverted by agencies.
you name it. but it does not matter, bitcoin will stay long term for sure imo. there are just too many different actors who profit from the network purely technologically or as speculative asset. there will be security vulnerabilities with huge consequences which will get patched and so on just as already seen. its here to stay despite everything.

>>15968515
>I believe nothing until my government tells me its true

crypto is just an instrument of liquidity for USD, it anything widespread crypto usage will just make the USD even more ubiquitous, since the value of crypto will essentially be backed by USD (like it is now)

>>15968451
>China would love to shutdown bitcoin. It closes a capital flight window.
China has been hemorrhaging money from this. They've been using real estate purchases to do it mostly though.

>>15968544
Thats the point of this whole thread. If it was actually a threat it could easily be crushed. Give the goyim an illusion of safety. Just internal whispers of a US government crack down would get leaked quickly and spark a massive selloff. You just cant win against the reserve currency that controls 60% of international monetary flows and the Euro controlling another 20%. If central bankers gave a shit, and they will when they launch their own currency, its game over.

>>15968571
if the market is too small they could easily corner it too.

>>15968285
>every fiat currency in existence has gone to 0
...except the ones that haven't.

Historically, most governments have made the mistake of setting the value of their currency against another currency or precious metal. Currencies on the gold standard are vulnerable to hyperinflation when the country issuing them runs out of gold. Whereas if the market sets the value, hyperinflation is extremely easy to avoid.

>>15968411
For a while it looked like BTC would be useful for legal transactions. Now we know it won't; it's far too slow.

>>15968699
what is litecoin

>>15968411
well obviously you'll never get paid salary with crypto..... oh wait

>>15968875
People are taking a salary denominated in bitcoin? Give me one example where the rate is set in satoshis.

Donald Trump

>>15968256
>Do you seriously think bitcoin is actually a threat to the USD?
Not with the current vanguard.

>>15968887
New Zealand
https://www.bing.com/search?q=new+zealand+bitcoin+salary&qs=n&form=QBRE&sp=-1&pq=new+zealand+&sc=8-12&sk=&cvid=3123441050304589988F9346EE344762

>>15968256
Ah the land of the free strikes again. Please stop ruin thing for everyone, Adam.

>>15969013
first of all, bing? second of all nobody is receiving a set amount of bitcoing per month. They agree on a set amount of dollars and then convert it to bitcoin every month. Find one example, ONE, where someone is being a set amount of bitcoin every month.

>>15968256
the USD is a threat to the USD
it shot itself on the head lmao

>>15968264
>>15968335
>>15968367
>>15968411
>>15968464
>>15968836
altfag cope

The jews like bitcoin. they want a cashless society. One where every transaction you make can be traced. BTC will only be stomped out of existence when a more accepted alternative is available

>>15969170
This is already in the works. Central banks talking about a central crypto and basic chequing accounts(wallets) for everyone at the central banks. The people will use this new currency and they will like it. Then they will stomp out bitcoin.

>>15968256

You can’t effectively ban a decentralized language that lives the internet as an idea.

>>15969161
You're upset because deep down you know I'm right. And you keep missing the boat, thinking if other people get burned it'll make you feel better.

>>15969208
Yes you can. Miners and nodes must connect to the internet. They can be tracked. You gonna risk jail and asset forfeitures in every western country for aiding and abetting money laundering? You think the NSA cant crack your VPN anon?

>>15968256
>The 9th most powerful military on earth just bent the knee at the prospect of US sanctions.
False. The invasion continues on Monday

>>15969224

You realize there are hundreds of countries all with different laws on planet earth, right?

>>15968256

Nice fud thread faggot. We aren’t selling.

>>15969246
>Start miner in Uganda
Shut it down or sanctions
>Start miner in equador
Shut it down or sanctions
>Start miner in portugal
Shut it down or sanctions
Do you know how hard sanctions hit anon? The united states could end any of these countries economies overnight. What will bitcoin do if the entire Western market gets banned from fiat exchanges? I guess you could mine your meme coins in Iran and North Korea.

>>15968354
>The USD has an expiration date that is true but for now

KEY WORDS THERE:
> for now

Literally the entire world is researching for a replacement for the USD. And it's guaranteed to be to be using spinoff technology from the bitcoin, i.e. Distributed Ledger Technology.

>>15968488
Lol, no they didn't sweetie.

>>15969272

Dumbass every country on earth would have to agree to identical regulations. We can’t even agree on what to do about climate change. KYS

>>15969308
They wouldnt agree dipshit. It would be rammed down their throat and they want it banned anyway as it fucks with their sovereignty.

>>15969224
>>15969272
Hmm if only there was some way to connect to the internet without displaying your real IP address and thus location.

I want to wring your neck until there's nothing left.

>>15969315

Just kill yourself please. 0/10

>>15969279
So what youre saying is it wont be bitcoin. the point of this thread.

>>15969131
ahh I see what you're doing. Accept it's something that is legit and just cuz it doesnt meet your tiny criteria of set amount. kek you cant set the amount but sure that makes it not legit.
ignored

>>15969352
So couldnt find an example huh

>>15969379
I gave you one but you moved the goalposts to ignore it. Last reply you get I wont keep showing you examples and you keep replying BUT ITS NOT A SET AMOUNT SO IT DOESNT COUNT CUZ I SAID SO! begone peasant trash

>>15969455

He wont listen he probably thinks you can ban books and have it be effective

>>15969455
I said
>People are taking a salary denominated in bitcoin? Give me one example where the rate is set in satoshis.
Read it carefully. Especially the last 7 words. I never moved the goalposts. Youre just an illiterate mong.
>>15969506
Books are free speech. Executing code isnt free speech

>>15969526

Yes it is. You are increasingly retarded with every new post. You can’t ban inserting math into a machine. Holy fuck.

>>15969559
What is money laundering and proceeds of crime

>>15969571

Why aren’t all bitcoin node operators in jail for aiding and abetting laundering money then genius?

soon

>>15969590
Because bitcoin isn’t a threat to the king

>>15969618

How’s jp morgan chase coin coming along mr. dimon?

>>15969626
It will be the federal reserve coin and it’s going to curb stomp bitcoin and all its users. Imagine unironically thinking btc stands a chance against the king.