/biz/ - Business & Finance

>>29978267
This is the least of your worries. Blockchain will take down central banking and government currencies. I think you're underestimating how big this whole deal is.

the real question is CAN they do anything about it? government can make it illegal all they want but how are boomers that dont understand crypto in the first place going to know how to even find crypto users

Crypto will never take over Visa and Mastercard. 12 years of crypto and useless grandpa coin dominating with $12 fees and no flippening in sight.

>>29978267
normalfags will still use them

>>29978267
They aren't stupid, they're already positioning into multiple deals with crypto companies to hedge against any sudden transition while assuring short term gains increasing over time.

>>29978267
Isn't Mastercard adopting Crypto as payment?

it helps fund insurrectionists! muh electricity!

>>29979070
>every single deep state will just watch as they are slowly worn down
do you honestly believe this?

https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets

>>29978267
Crypto is basically direct competition to these firms.

>>29978267
they make their money on loaning people money, the transaction network is just a cost of doing business
if crypto makes a better transaction network they will just use it

>>29979976
i kinda do if you envision it more like populations entirely deciding not to play the banker game.
They are trying to do the great reset and its catastrophically failing. The elite are the most incompetent humans on the planet.
Populations see right through it

>>29978267
Easy, they take over the crypto market themselves.

>>29979976
>deep state will just watch
it's not for a lack of trying (((they))) just wont win in the long run

>>29979976
>thinking the deep state can control the entire internet and everyone using it.

I dont fully buy the BTC is the new money meme, but pretending that any government, public or... otherwise... can exert any measure of real control on it is pretty laughable. You'd have to engage in an information war against vast swathes of civilians to even scratch the surface. The upfront cost of waging such a war would be astronomical. It would be like the war on drugs. Eventually they would be forced to give in and do what they can to live with it or bleed themselves dry trying. This isn't people trading pennies in back alleys anymore. It's massive institutions and massive wealth backing something completely decentralized and based on consensus as a store of value, in the very least.

>>29979976
Running code trumps unwritten or poorly written law. Software develops faster than government can react in most cases. What are they going to do, destroy the Internet and ban ownership of computers? Nothing short of that will work.

>>29979976
Some will "try" to ban it but there is literally no incentive for anyone other than soon to be retirees that want to prolong what we have now.

>>29978267
mastercard will start using crypto soon

so i guess thats that

>>29978267
>>29979070
My dad says the big fish just eat the little fish, and that's how it works. But I disagree I think the fast fish beats the slow fish today.

>>29978267
I doubt they'll ever be overtaken by crypto in terms of transaction volume/speed. A centralized system is always going to be faster and more efficient than a decentralized one. You're trading efficiency for trustlessness, censorship-resistance, immutable, etc

There's a lot of other areas that are far more likely to get completely dunked on by crypto tech.

>>29978267
> fees - practically zero, maybe even literally zero
This is not true of any of the blockchains with any sizable network usage.

There isn't a single decentralized crypto network that has proven itself to be all three:

A) Secure from 51%
B) Low fee
C) Able to handle lots of traffic

Bitcoin takes $20 fees no matter the transaction size. Ethereum is even worse. None of the other networks have anything close to the scale and adoption of these two.

>>29981299
Well in this case the big fish (centralized money) happens to also be the fast fish.

>>29979976
They'll go down kicking and screaming, but they'll surely go down.

>>29981398
Algorand. Check it out anon--trilemma is already solved.

I know this sounds like a pajeet shill post, but it is not. Algo is really as good as it sounds.

>>29979976
>the RIAA will just watch as people share all the music in the world for free on p2p networks
do you honestly believe ths?

>>29981398
Lightning network already solves that problem.

>>29980980
they can ban a few exchanges and crypto is done, stick a fork in it. crypto is nothing without exchanges, it will be 5$ BTC getting P2P traded all over again

>>29981509
In what way? Firstly I do mean fastest to new technology. Also some cryptos are already much faster and more efficient.

>>29981698
Crypto requires literally no exchange to function. Banning exchanges will only make it more difficult for crypto newbs to dump their fiat for crypto. Every blockchain will continue uninterrupted and everyone who already has crypto will continue to use it.

>>29981398
>There isn't a single decentralized crypto network that has proven itself to be all three:
And for good reason...Secure from 51% + Low fee + Able to handle lots of traffic = massive amount of network traffic to the point of one of the three failing at a future point in time (trending to almost immediately over the long term) as there is no incentive to limit network useage NOR any incentive to provide more computational power to the network.

>>29978267
>security - the brightest minds are working on making crypto literally impossible to crack.
Quandam compudahs will crack yo efferiums

They will just become fiat gateways to crypto it's already happening. You really need to get out more.

>>29981698
all that will happen is everyone will set up some sort of crypto node. doesn't matter what blockchain. mine some eth for a day or two and then that's your entry point.

>>29981793
I meant that as in overall speed, both transactions per second and confirmation time.
And I do realize that there are fast cryptocurrencies, but most people in crypto tunnel vision on BTC, and it's too late to fix BTC (miners are too greedy to lift the block size limit, and the lightning network concept is centralized banking with extra steps.)

>>29979976
>Will all of our enemies just stand by as we obliterate them!?
One word.
Nagasaki.

>>29978267
Blockchain will either free us or enslave us further

>>29978267
>For the adults among us

>>29981641
mate the lightning network will never be a thing. the most basic aspects haven't been addressed in 3 fucking years. like, i have to have double my balance to be able to send any amount. and the theoretical amount of users is capped at 100k lmfao.

>>29981603
First rule about algo club
You dont talk about algo club

It's already begun
https://www.omfif.org/the-future-of-payments/

>>29979272
>Literally zero privacy with bitcoin as everything is public by design
>Durr the IRS will never find me
I'll look after your lambo and wife while you are in prison

>>29983071
>First rule about algo club
>You dont talk about algo club
>Shills some more anyway

>>29979334
>>29979334
This. Not only does visa have first-mover advantage the technology is better than any crypto currently on the market.

>>29982268
where do you think the big money comes from, a few dweebs who do it p2p, mainly for ideology?
i ask again. what did btc look like before the exchanges?

>He thinks it will take a decade or two.
You realize PayPal is already dealing with Crypto, right?

>>29983448
hashgraph is better

>>29983256
Monero

>>29980498
What if we did the Great Reset instead?

>>29983256
Yes, how can they not know wallet 0xfhwywygnrj538&+hehwjeigbd is John Smith? It's so obvious.

>>29981509
lol
Imagine thinking that the Fed is "fast"
The truly retarded takes I find on this board sometimes really do make me laugh

>>29978267
It won't? lmao

>>29983814
one RL withdrawal and usage and it's synchronized. don't need humans to synchronize either, all done by simple AI

>>29983814
You are so fucking stupid it hurts.

>>29982771
You're wrong. "speed" in this context isn't about speed of finality - it's about staying ahead of regulation and outsmarting TPTB.

The collective brainpower of the billions will win that struggle, every time. It's how the Magna Carta came to be, it's how the French labor revolutionists beat the royalty class, it's how the US won its independence, it's how the great populist victories have been earned over the course of history.

Cryptocurrency is pure economic warfare, and it will render centralized authorities and money-printers obsolete. Speed to finality is merely a technical problem, one that has already been solved for multiple chains, and one that can be solved for BTC as well given the right economic incentives.

We are on the verge of an explosion in the real-world use case for crypto. BTC (or a roughly analagous currency) will be the world's primary value store in 2040 - and there's not a damn thing that can be done to stop it, short of glassing basically the entire western world and all the mining farms supporting it.

>>29983448
The automobile didn't take over horse & buggy as the primary mode of transportation for 50 years, and yet, in today's economy, horses are basically only useful as sporting tools and hobbyist instruments.

>>29979976
Here is the thing. What if the deep state created crypto? They want to kill the bank because the banks fucked everyone in the ass in 2008. Posted this a few days ago. Not gonna type it again.

wanna take a look at new gem?
lmao, go for Binance Smart Chain and use Julswap
forget about this fucking dumped gas on Ethereum
any tokens can bring you profit
>you shouldn’t be smart in trading, use holding

>>29982771
Not just fast cryptocurrencies.. Faster. The current system takes 24 - 48 hours to settle funds. There are cryptos that can do it all in seconds. Users can always be taken.

>>29978267
They will buy Flexa ...buy AMP TOKEN NOW

>>29978267
They enable payment using crypto through their products. Connect your debit cards to your crypto wallets, accept payment in crypto for credit.
Powered by You Know Who.

>>29985599
I agree that Staoshi isn't a real person just not sure it's the Lettered Agencies/Fed. They seem to be in the camp of selling our country down the river as well. If I had to take a guess of deep govt fuckery I'd think a part of the Military intelligence community that's still somewhat loyal to the founding.

Either way I think similar things as far as the initial creation of Bitcoin is concerned. An ephemeral anonymous genius didn't just materialze out of nowhere.

>>29986976
It could be. That C.I.A / Fed part was just a guess. But it has to be some entity within the U.S. because the americans are simply not defending the USD anymore.
If you analyse the body language of the people who work at the US/EU treasuries like "YouTube/body language ghost" does you'll see that they are terrified of crypto. However they are not killing it with sanctions even though thry can. My guess is that sone entity (CIA or US military) is putting a gun on their head and threatening them with repercussions.

>>29987521
That's why I think it's a clandestine military OP combined with a global standalone complex of individuals which has them shidding and fardding. They can't put it back on the box, and cutting the cord drops the sword of damocles.

>>29986647
What is Blockcard, which runs over Stellar.

I have one as a backup card, pretty fast but I like to keep my TERNIO over Fiat

>>29978267
pic related

>>29979070
this. visa and mastercard will be gone like a fart in the wind. weve already achieved visa-level performance with lightning anyway.

its what happens when the FED realizes their money machine is worthless and when other countries realize that their IOUs they bought from us are also worthless that SHTF and sum bad happens.

>>29978267
They buy up all the crypto exchanges and start charging you 2% fee to keep your money there.

>>29979070
Sure, but what are governments going to be replaced with? Will that be even worse?

In a related question, do you believe your Google search results?

The fact there is not one mention of XLM/Stellar lumens in this thread really shows how retarded /biz/ is

>>29979915
this

>>29978267
They'll die or adapt to a decentralised network.

>>29984854
>>29985012
>hurr durr if you withdraw it
you guys are the retards, if you never cash out of btc on a kyc exchange then there's nothing tying it to you. There's plenty of other ways to get in and out of crypto without kyc bullshit

You can already use the flexa app to buy things with crypto instantly and with 0 fees. Only in a few stores atm but it will be huge