/biz/ - Business & Finance

PAAAAMPPPP ITTTTTTT

PAMP PAMP PAMP

>>20591250
Who the fuck wants to put their crypto in a bank? I thought the whole point of it was to get away from banks.

https://mobile.twitter.com/CoinDeskMarkets/status/1285983044265017344

>>20591311
Millions of normies who just want a retirement fund will now open IRA and 401k crypto accounts. This benefits everyone but normies.

>>20591250
Does this mean crypto will be insured like dollar deposits?

>>20591351
so you're saying i just recently opened up a self-directed Roth IRA LLC for nothing?

Hyep, just what I'm looking for. A national bank to custody my digital assets on my behalf. Noice.

>>20591250
LOL Bitcoin is about fighting the banking system and newfags are happy about this.

>>20591476
It'll make paying taxes so much easier, goy.

Lmao thats fucking awesome great for normans. Im not letting those niggers lay a fingernail on my crypto as they will tax every fucking dollar.

>>20591250
This has been priced in since 2017. Banks finally going to be able to drop their bags so this is bearish af.

>>20591476
>>20591503
90% of people holding crypto are only in it to make money.

>>20591588
Crypto IS money you inbred retard.

>forgo custody over my money so I dont have to spend 1 day learning how to use bitcoin?
thats a small price for this convenience, thank you mr shekelstein

>>20591311
ME AND EVERYONE ELSE IN THE US YOU FUCKING RETARD

>>20591250
No one cares about storing actual wealth using these shitty ass hyper volatile things faggot

Cryptos will always be just extremely high risk speculative instruments and that's it

>>20591616
and you think you can't make money with money?

>>20591503
Can't wait for one of these boomer banks to be hacked and loose all their customer keys.

>>20591250
holy shit.

we're going mainstream aren't we?

multi-trillion market cap is only a few years away.

https://german-blockchain-ecosystem.t-systems-mms.com/en/home.html

>>20591719

>>20591503
And the internet is about putting power in to the hands of the people. Did that happen? No. The masses are lazy entitled and too stupid to understand the latest technology. The technology still creates competition. There is no system that will decentralize wealth ownership by a significant amount.

>>20591311
>>forgo custody over my money so I dont have to spend 1 day learning how to use bitcoin?
?! ... you could finally have a way to leave your crypto to your family, not hide sticks and papers in crazy places and worry you’re going to loose them somehow ... this is great news

>>20591415
I mean not really. will take a whole for banks to figure out how to do this securely, so you still are ahead of the curve.

How long before you get your Bank of America Bitcoin Savings Account boys?

>>20591311
PLEASE GUYS WE WANT YOUR MONEY! YOU CANT JUST HOLD YOUR OWN MONEY

>>20591719
Seriously though. How will they prevent this from happening?

>>20591250

meanwhile my thread got slid to Valhalla

>>20591183

Hey, guys. Forget about me?

>>20591665
you clearly don't understand crypto. have fun giving your keys to to them

>>20591820
Fuck off Chang.

>>20591817
There have been like 7 threads on the same news. Work on your pizzazz factor, lame bitch

>>20591311
Point is to get away from CENTRAL banking, not commercial banking

like every other instance of "bullish news" this will of course do nothing for the price

>>20591879
Yeah how many people have gotten havked or spmehow lost their keys

>>20591750
this an affiliate of T mobile?

>>20591577
is that how you think banks work? buy high sell low just like you?

this is incredibly bullish. even if banks only need to hold 5% of their balance sheets in arrears, and even if only 1% of customers actually use bitcoin IRAs, that is literally multiple billions in volume that is now flowing through crypto that didn't exist before. how can that be a bad thing?

>>20591311
>Who the fuck wants to put their crypto in a bank?
gimme all yo eferium wh*te boi

>>20591962
Both are subsidiaries of Deutsche Telekom

>>20591820
Yes. For good reason.

>>20591835
Excuse me young man, that is very rude!

So what should I be all in

>>20592117
$30 EOY

>>20592033
You're about to lose your money new summer friend

>>20591719

We would get refunded our money for the loss.

>>20592163
Xrp obviously

>>20591503
its about making fucking money, newfag

>>20592320
Why? Why not btc? Why not eth?

>>20592163
> “The OCC recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers,” the letter said.

>>20591311
People too old/dumb to understand crypto but still want in.

>>20592367

>>20592343
Well, for one thing....

>>20592320
>>20592343
Look at the writing on the wall... The dollar will be digitized and the next stimulus will be deposited directly into your fdic insured crypto bank account. Guess which crypto plays nice with the banks?

>>20592340
>MOM listen. I just discovered these new form of stocks called Cryptocurrencies. People make ACTUAL MONEY from them and now the BANKS allow you to STORE THEM. If this isn't BULLISH I don't know what is! I can FINALLY leave your basement and you won't deal with my fat girlfriend and her boyfriends Jamal and Tyrone anymore. Wow.

>>20591503
>lol fighting the banks
>my network is secured by 60% of communist authoritarian regime

>>20592481
> quant.network
dyor

>banks just adopted something that can be used as a fractional reserve base layer like gold
>except anyone can go on the internet and audit it at any time to confirm they have what they say they have
who wants to bet this happens and they don't even realize they've opened the door for this? its also hilarious because it makes me think we are well past them being able to close pandoras box as too many people have a lot of money on the line and too many people stand to make fortunes from improving the technology in the near future. the only people that don't really want this to happen are some faggots at the federal reserve and their gay kike friends. who knows, maybe they think they can control it and want it to happen too. lol.

>>20592481
reminder that there are some who are YET to receive their first stimulus payment

>>20592555

You know what this means? it means our banks will become more like Islamic banks. Which is good.

>>20591503
It's just custody
The banks can't control Bitcoin like they can control the USD

Allow if you're still alive, six to eight years to arrive
And if you follow, there may be a tomorrow
But if the offer is shun, you might as well be walkin' on the sun

>>20592555
Anon...

Everyone checks how much is there because that's their job.

What you mean is the inability to print more or see how much is printed and where it goes finally.

>>20591311
mate i dont have a clue.

no clue

>>20591719

>>20592837
millions of people who dont trust themselves. Ive had several conversations.

Based Anon (me):"Yo invest in crypto"
Normie: "I would if it was easier and I didnt have to store it myself."

>inb4 bitcoin reserve act

>>20592816
>Everyone checks how much is there because that's their job.
so when we came off the gold standard or changed the % of gold reserve you don't think being able to audit how much gold banks actually had with absolute certainty would have been a good thing? reread my post i think you missed the point.

Where were you when US banks initiaded the bullrun?

>>20593077
It was a good run crypto bros

Pump eet

>>20592663
pretty sure it actually means that banks will have to compete with protocols that can be banks better than they can and without employees by legitimizing the technology in this way

>>20591665
imagine asking bank of america to initiate a crypto payment to a business, getting BofA fees tacked on and having to wait 3 days for the transfer to clear. later n the year it becomes known that you wrote something (((wrong))) about gender on the internet and BofA freezes your crypto account.

>>20591250
BUY MY SHITCOINS USA

>>20591820
>>20592207

Fucking pathetic. You're like the last desperate holder of that dead project samefag spamming in every thread about your worthless coin. Every day no less. Sell that shit at a loss like everyone else and move on. You don't deserve to dump your bags on newbies you fucking loser.

>>20593135
>tfw
>you have more btc then the federal reverse and unable to spend them because your a wanted criminal and no one will trade with you because your public addressee is flagged
i knew it was too easy

>>20593343

Buy actual gold.

>>20593174
They'll just ban open protocols. Like the alway do. Remember gold?

>>20591719
Digits and a bitcoin hack crashes JP Morgan stock by 90%

>>20593484
remember the USD in the USSR? lol

LINK hodlers will COPE hard soon.

650 link. thats all it cost me.
sold it for 25k xrp sui stack.

>>20593573
>Bro xrp will moon soon i swear. It just literally need 9 Billion USD to 2x

>>20593625
Nigga youre fuckin dumb dude we saw what it did in 2017 with our fucking eyes

>>20593648
>2017
Okey if we get a bullrun like 2017 then yes but then anyother token is still better.

>>20593714
Not only will we get another bullrun soon but it will dwarf 2017s bullrun because that one was a fluke, this one will be about adoption

>>20593311
I bought in February and I’m 350% up on REQ, ARK, and QSP. It’s almost like crypto’s take a while to get established with real products and uses :)

>>20593625
not how mc cap work retard

>>20591765
>There is no system that will decentralize wealth ownership by a significant amount.

Smart contracts will do this. They at least force entities to commit to their promises.

>>20591476
My grandpa would have done this. He got a could mill stolen from him for trusting an (((investment manager)))

>>20593854

So you bought years after it was pretty much confirmed a worthless coin. Let me laugh at you even harder then you fucking idiot.

>REQ, ARK, QSP

Holy fuck dude dead shitcoin trifecta

>it's almost like

Way to talk like a Reddit fag, faggot.

>>20592511

>>20593889
How fucked are people if debts are settled over smart contract?

>>20593960
Rent free

>>20593997
oh shit. That could... be a mighty fine idea. I've been dreaming of the day where we have smart contracts hooked to our income so that it automatically takes a portion for Uncle Sam's cut. This way I don't have to waste my time dealing with the paperwork to file my taxes.

For debts, it'll force people to make sacrifices and be more fiscally responsible, where your payments go into a contract that automatically diverts 5% off + interest to handle the monthly payments.

I wonder how school loans would be coded up.

>>20594053

Switching over to Trumptard speak now loser? No one thinks of you unless you show your obnoxious loser face around here. We want you gone back to the depths with the other losers who are bagholding bullshit.

>ARK not even in the top 100 anymore and underperforming against other coins yet again

lol...fucking pathetic

>>20594158
Rent. Free. And only by holding 8^)

>>20592213
lol I'm old money you fucking retard. I mined more eth in 2016 than your portfolio is worth today.

broad adoption is the path to takeover. people will use the banks, buy some crypto, get tired of settlement delays and wire fees, and slowly transition to the open source chains.

the first step in all that is their bank giving them the "ok" to begin buying crypto.

>>20593648
Every single shitcoin mooned really hard in 2017 you retard, does that mean they'll moon again?
NEO and many other coins mooned harder than XRP, why don't you invest in those as well if it you really think it will all happen again?
They're all dead, and so is XRP

>>20591588
Speak for yourself, I'm in it for the TECHNOLOGY

>>20591250
this is what the beginning of fiat currency death spiral looks like in 2020

>>20593343
Monero bro

>>20592463
>he still thinks layer 1 scaling matters

news flash: 1500 tps wouldn't even cover interbank transfers from a volume standpoint. you'd still need a 2nd layer solution.

>>20591311
When you sit down and tell someone that if you put 10k in an investment fund it'll make a lot of money in 30 years they tend to flinch at not seeing that money for 30 years. Now tell them if they put that 10 grand into crypto and it may be possible to 10X or 100X by tommorow then the headspace is different. New generation needs new tricks nigga

>>20594572
>>20593648

Yeah you RETARD! Ripple made it all the way to $3.84 at the PEAK of the 2017 bullrun! Bleeding all the way back to 17 cents over the past 900 days is part of the ACCUMULATION plan. I bet you own a coin that has a lower MARKET CAP and isn't STABLE.

>>20591250
china adding cbdc to msci and boomers want in?

>>20594783
Xrp moves liquidity. Mo money = mo gains
Whats your point? Xrp is made for bullruns

>>20592367
This isn’t about you retard. It’s about the ones who are being looked at by the banks like ETH and XRP

>>20594819
Exactly! XRP has to be STABLE and HIGH MARKET CAP so banks can do INTERNATIONAL TRANSFERS. If XRP did a 2x do you think banks would want to use something that UNSTABLE? Making money with xrp would turn the banks away, and we don't want that!

>>20594946
https://twitter.com/unboundedcap/status/1285698939031883787

BSV you stupid fucks.

>>20594350

So you're not going to actually address anything said and just spam rent free and post unverifiable pictures that can easily be faked. What a pussy.

>>20591719
>loose

>>20591947
>or somehow lost their keys
probably the same stupid faggots who lose their house keys. NOT ME THOUGH

>>20595112
I didn’t even read what you said :)

>>20595196
fucking based

>>20591311
Banks will continue to exist as long as there's demand for custodial services. But they'll have to manage themselves better because no more bailouts once we're on the bitcoin standard.

>>20595222
Checked and $30 EOY pilled

>>20595544
i don't hold any ark but i hope you make it just to piss off the rippletards

>>20595721
Lol thanks. It turns out that some people really hate Ark. INTO MY VEINS! God I hope it moons just so I can watch them seeth :D

>>20595931
as long as ark holders are on the /BULLY/ squad i'll always back you against ripple

And yet nothing is pumping

Except statera

>>20596052
>/BULLY/ squad
I’m now 100% all in ARK /BULLY/ squad

>>20596197
if you see pic related in a ripple thread it means you are being called forth to /BULLY/

>>20596331
Gonna be like /BULLY/ batman

>>20591311
you think an average amerifag cares about anonymity when their end game is to make money?

> U.S. regulators approving unregulated currency
???

>>20597476
almost like instead of considering it unregulated, it now becomes regulated?

ah yes mr bank please hold onto my money and charge me a fee

>>20597585
"Allowing banks to manage unregulated assets" and "Regulating that asset" are two entirely different things.

>>20591503
And then they fight you
Then you win

>>20592035
w-whats eferium?

*kneels*

>>20598212
>w-whats eferium?
The latest hidden uniswap le gem

>>20591719
It'd be funny, but it's also be bad for the rest of us too. Some bank getting their shit hacked and liquidated could potentially cause a massive sell panic from retards thinking this means crypto is flawed

Doesn’t surprise me. This is all about allowing Deutsche Bank to legally accumulate RSR without raising red flags

>>20591503
banks shalls bend the knee to the king

>>20598341
if it can be hacked it IS flawed...prove me wrong

>>20591815
They can't. Even the most competent exchanges get hacked. Do you expect some diversity hires to do a better job than Binance?

So you guys know this is to hold XRP when we get government adoption, right?

>>20598483
Are you retarded? Some boomer bank getting hacked and losing their shit doesn't mean the cryptocurrency itself was hacked. If I'm using truecrypt to secure my drives, but I leave the password in txt file on faceberg, and then I get hacked as a result, does that mean truecrypt failed? No of course not.

>>20591351
>this benefits everyone except normies
This, normalfags that don't even get this stuff are going to be retarded and go about this like brainlets, for those of us that actually understand this stuff this is a boon because we just make money off them.

>>20591503
Because introducing it to normies in a way that's accessible and familiar means the value will go up. Do you realize how many paranoid conservatives would prefer a type of currency that literally can't be stolen from them? It's a perfect cross between stuffing your mattress and keeping your savings account legit.

In other words, once normies find out about it like they first did with Bitcoin, the value will skyrocket and early investors will reap the profits.