/biz/ - Business & Finance

tell them about haircomb claims, they cost only 330 sats :)

You should post that image on r slash cryptocurrency I bet you'd get like a gazillion updoots

>>52613073
Imagine being into crypto for the technology. That is just cope to not look like a greedy jew

>>52613073
bullish for XMR

>>52613073
Sounds like they were late to buying bitcoin and ethereum.

>>52613073
nice updoots

>>52613073
I mean I'd also be into Ethereum if it was pegged to $ from the start. It's just a vehicle to popularize distributed ledger tech. That was envisioned somewhen between the 70's and the 90's.
Similarly to how I'm into drones and the math involved, even if that's not something where you can make money. In fact I've "wasted" one, two thousand $ on half a dozen shit drones just to play around with it and track development of the tech and API's.
I've coded Ethereum boardroom anonymous voting algos and the like, which isn't related to any currency - just a sort of app that only becomes possible once you got a platform with private key identification.
Of course once you get a crypto pump you also start gambling with that shit.

>>52613073
nice upvotes brother

Unrelated bonus video

https://youtu.be/vklY1bHIi1I

>>52613073
1. go back
2. fuck them, they are cattle.
3. My relatives or own kids will receive my coins for them to have a better life.

>>52613073
Bitcoin is a pyramid scheme. Always has been.
>>52613128
Agreed

bottom is in

I buy to end the Jews

>>52613073
Yes, 99% are drooling kids with zero plans.

>>52613162
Where would you suggest a noob go to learn about the state of drone tech? Websites etc.

>>52613073

>>52613152
FNTA, that's why I think he's trying to make a point that ain't just it. You got into BTC and ETH late, fuck boy I did same, wasn't opportuned to be an early profiter guise but then these anons be looking for ways to prove shit.
Market is fucking discounted slurp those big caps with low caps preferably innit KLV, RIDE and AZERO. No one stopping you

>>52613073

Ofcourse it is so was everything else lmao . You thought those “tech” stocks were worth those prices...

>>52613073
>80% for illegal uses
Holy shit reddit is so fucking retarded. Its like they've been asleep the last time congress tried that fud piece.

>>52613373
Crypto was invented by jewish central bankers. They created bitcoin which is why no one knows who created it. They knew others would create their own and compete. They sit back and watch this as a testing ground before finally rolling out a one world digital currency.

>>52613373
Based mindset tho I'll give you that

A lot of bottom signs lately.

Most cryptocurrencies have no use, the only actual usecase that has no (or very poor) alternatives in the real world is buying drugs online, and serving as an alternative money laundering/tax evasion system if/when physical cash gets phased out.

You can make a few edge cases for things like Ethereum which essentially function as a worldwide digital casino that allows you to invest in the chips people use (ETH), but beyond that you see very little real world adoption for this stuff. I can only make reasonable cases for XMR, ETH, and Bitcoin if we're talking value investments and not just gambling on glorified tech stocks we're hoping will moon.

>no coiners
The thread
Lmao even
Stay poor

>>52614252
Chud nigger

>>52613073
This is why I buy Doge/Shib. It doesn't pretend to be something it isn't.

>>52614042
This.

If you don't understand how much value is in crypto, then you don't deserve to become rich. People who actually understand how inefficient our entire financial system is know the value. Anything finance related would benefit from adopting crypto. It cuts costs by ridiculous amounts. It is obviously the future, it's just a question of how it gets implemented and how long it takes.

There is an enormous amount if potential in this industry. But reddit retards don't understand the investment. Which is why they post shit like this... they have no idea what they're really involved in.

>>52614323
Whatever the case might be, there is still a positive side to this than just the peer-to-peer cash system and its being called "security," as many categorize it to be. I wish Elon Musk could use this as a means of payment on Twitter. What do you think?

>>52614117
Bitcoin is legal tax avoidance. If the government funds its operations by printing currency, and you don't use that currency, then your tax rate is effectively zero, possibly negative if you have business expenses and low interest debt. Bitcoin is already guaranteed to outperform government bonds. If and when people spend 5 hours to study how money works and use some common sense then that's at the very least $500,000 per bitcoin, but realistic people catch on at that point and it's no longer priced in dollars.

>>52614252
> t. coiner who bought in January 2021

>>52613073
Oh shit this post from Hindu hamma has made me realise that trust minimisation isn’t actually the future of digital agreements after all, turns out paper promises are fine and will continue forever.

>>52613073
> new reddit
> smashed the upvote button like a good boy
> phonefag
> 1pbtid
fuck go back and stop posting opinions from your favorite reddit hivemind here.

>>52614362
How is it future. What costs does it bring down exactly.

>>52614042
Yeah I was thinking the same. At the same time, its hard to imagine that it won't go lower given the overall economic picture, but I'm seriously considering getting back in soon

>>52614670
You are fucking lucky to consider going in at this point. I was too quick to draw lines on eth, xpress, fet, and a couple of others. before the FX debacle. Though I bought at a considerable discount, precisely 18k benchmark

>>52614804
idk the overall situation just seems fucking bleak, at least until the FED keeps increasing interest rates I feel like shouldn't buy back in yet. That being said even with the FTX debacle, we didn't drop that hard at all considering, so it does seem maybe this is close to the bottom. Doesn't feel like it to me though.

>>52613073
crypto is a speculation instrument,
not less not more,

instruments are based on commodities or currencies or stocks,
crypto happens to be based on the value that the blockchain gives merely by existing as a mechanism to send money.

nothing will ever change, when you see the world simply, you see that crypto will not dissapear, you see that cycles repeat, sometimes strong pumps sometimes weak ones, sometimes dumps,
you can even follow the cycles with TA,
no matter of seething or praise from 4chan or reddit will change anything,
market makers will come to trade,
dumb people will come to lose their money,
exchanges will counter trade,
there will be ponzis and scams,
once in a while there will be some project that enables cool stuff,
most of the time, there will be copies of stuff,
people will trade perpetual futures, options, leveraged shittokens, worthless nfts.
75% will lose and 25% will win,
and yeah, crypto is probably not going anywhere.

>>52613073
also, people have not yet understood that bitcoin is one of two currencies that derive purely from trust, just like fiat.
this trust is held in machines and algorithms and developers that make them,
fiat trust is derived from a country like USA, its tax payers, companies and its military.

all in all, both need people, equipment and money.
bitcoin tends to be easier to verify though and it is deflationary.
it literally replaces a central bank when people will finally wake up to what is going on.

>>52613073
also, as normies are typing up blogposts about how bitcoin is dead,
there are algos that trade in the background making sweet money in the meantime,
people think they are hot shit with all their worthless opinions,
its the same every where.
people look for simple explanations to everything. just like I do.

>>52613073
So what you're saying is the only current value is organized crime?

>>52614362
This.

Only midwits think crypto is purely gambling (a lot of it is don't get me wrong), but there is underlying tech that can truly revolutionize global finance, there's a reason all big insitutions and banks have blockchain teams now. We unironically might be too early to make it though.

>>52613073
Rope. Now.

bottom signal

>>52613073
You're all covering your eyes! How often do you see a blind person describing what they see?

Fiat and crypto are EXACTLY the same. If you wanna say crypto is a scam, surprise: FIAT IS A SCAM TOO!

So is gold.

It is all in peoples heads. Buying something is a bet to say these idiots will pay more for it later.

Because you're all fucking idiots.

Now crypto will be around forever because it has been set up the same way that fiat was. Coercion and possibility.

Instead of being something new and useful. Like a global currency for land swapping used to recreate the GDP evaluation as output of business land from land soze vs efficiency. Every country could contribute to a total and be allocated a bitcoin share market to trade in homes. Some of the market would have to be assigned as housing and handed out by individual governments but it's a fucking genius plan. Would work best with a fiat currency involved with a tax cap of something like 20million. After proven contributions of earning 20mil you are offered a piece of the bitcoin pie and offered an easier oppurtunity to produce in the business market.

>>52615645
Space (land, air and ground) is truly the only valuable asset worth trading, obtaining space is your chance to prove you can be more efficient with it. And when we realize that we just need to make sure housing is allocated.

>>52614362
so we still do have some wise anons left on this shithole

>>52613073
you mean finally admitting what they think others perceive the truth to be.

You cant get karma by telling the real truth

>>52613073
bottom confirmed

>>52613128
Basado

>>52614117
Chargeback fraud avoidance and proof of transaction history are other use cases that have no or inferior alternatives

>be seller
>want to sell stuff to people in China/Russia
>people in those countries are known for scamming
>can't use Paypal due to high chargeback fraud risk (I get fucked for the payment amount + $20 if I lose a chargeback fraud case)
Crypto is cheaper, faster, and more convenient than existing solutions like Western Union

>be buyer
>want to buy stuff online on a marketplace
>don't know if someone has fake vouches
>can look at seller's transaction history to determine if their vouches are real, because faking transaction history is very expensive due to transaction costs

>>52614615
>What costs does it bring down exactly
The cost of transferring value from one entity to another, quickly.

>>52613073
Lol time to buy again

Last time I bought bitcoin at 4k, the sentiment was exactly the same.

>>52614362
This is true.
Some don't see the need for the code based trust (rather than purely reputation based trust) as imperative to addressing systemic corruption in the long game.

Every hack, rug and rort in crypto hardens the survivors and builds a better system in the long run.

Not everyone will understand the. The beauty is, they don't need to. They're natural greed will make them help this process whether they realize it or not.

All successful human endeavors embrace humanities base instincts to some extent, and this is no different. The same way porn pushed the internet speed and streaming, piracy pushed compression, encryption and bandwidth, etc. Greed will push the fiat replacement.

>>52613073
you should stay there, you dirty nigger

>>52614615
The embedded cost of trust, the cost of risk (sovereign risk due to devaluation) and transaction costs via unnecessary intermediaries.

>>52614362
>finance related would benefit from adopting crypto
Exactly. Thank you anon. This is a massive market the entire finance industry is moving towards. Bored Ape/NFT/jpeg niggas have no clue.

>>52613073
Pic related

Anything else is pure cope, now gather your things, get up, and move on. You had your chance and got greedy and blew it. Its fine, its a story old as time, but its not gonna happen again with crypto frens, youre all in denial. It can happen again, but the dams have broke, and crypto will never hold water again like it did before.

If this doesn't scream "bottom", then I don't know what does.

Literally buy everything you can right now or forever be priced out.

>>52614362
>>52615544
>>52616128
>>52616289
>>52616512
Retards crypto doesn't work if you don't have running electricity and reliable internet. The moment one of those go down, your funny internet coin is much less valuable than a Zimbabwean 100 trillion dollar bill.

>>52613073
Lol what fucking retarded niggers

>>52613128
pretty much. there are some smart contract stuff that i have a position in but that's only because i think it might go up in value. monero is the only crypto that i do not intend to sell.

>>52613073
Bullish for XMR

>>52615137
>>52615137
>we didn't drop that hard at all considering, so it does seem maybe this is close to the bottom. Doesn't feel like it to me though.


We didn't drop that hard, yeah. If not for the incident, the new CPI rate release should have increased the value of the market, as it did for stocks then. The possibility of a further decline from this point is possible as long as the sages continue to create a financial shockwave across the board. Fuck SBF. This will just slow down the current pace of adoption and prolong the expected upward movement of prices. I'd suggest you apply DCA since no one knows the exact possible move or bottom.

>>52616673
>Retards crypto doesn't work if you don't have running electricity and reliable internet.
Neither does civilization, what's your point.

>>52613073
1) banking is a scam.
they take your money and leverage it 100-1 to inflate the cost of living.
2) it would only take roughly 1% of depositors to pull their money at once, for the pyramid scheme to implode
3) central banks prop up this scam with inflation
4) the dollar has lost 99% of its value since the formation of the federal reserve.
No matter how much you sacrifice and save, it will be worthless by the time you need to retire.
So you have to invest, or work until you’re dead.
5) bitcoin kills two birds with one stone, as savings and investment. Since bitcoin capable of p2p transactions, it’s more efficient than stock as a hedge against currency collapse.
6) getting rich quick is the same as retiring young. Nothing wrong with that.

>>52616956
Only if you're a modern day zombie or NEET that can't function without electronics and social media. Civilizations still lives on albeit less advanced, your coin will not survive.

>>52616673
yeah and you think gold or silver is going to save you lmao?
Have you ever visited somewhere that had warlords who shoot anyone who has any metals or valuables?

>>52614606
If the point of this technology is to minimize trust, why do you all get rugged so fucking often?

>>52617422
Who said I own shiny boomer rocks? Stop letting those metal glowies live rent free in your head. You faggots always forget to invest in the best asset you can own.

>>52613750
Take your meds zoomer incel

>>52614362
Why isn’t everyone who’s been on this board for 5-10 years rich already then? Also why would it matter even if they were? That would only prove they bought LINK or whatever coin so they could sell it for what really matters, fiat currency.

>>52617784
oldfags don't actually exist

>>52614362
>It cuts costs by ridiculous amounts
>>52616246
>>52616309

Can you remember me how much are gas fee on BTC and Eth at the moment ?

>>52613073
"we just need more normalfag attention to moon!"
"stop gatekeeping we need the normalfags to pump our bags"

>>52613096
You say that but I bet my left nut you’ve never had to send a swift

>>52617784
The ones that aren't retarded are rich. 1 out of 100k white men aren't retarded, the rest are.

>>52616663
CRYPTO HASN'T LIVED THROUGH A RECESSION

>>52613320
monerofags are the biggest midwits of all

>>52617932
No. Eth is a PoS scam now, and BTC has become a surveillance tool.

>>52613073
crypto is being used more and more transactions in 3rd world countries which have inflating currencies. negros will probably lead this anti-banking revolution unironically.
the jew fears the niggerai

>>52613096
>>52613073
>the truth

Nah, that's just you guys and them. Shitcoiners get the noose.

I'm an Iranian expat. I can't get a credit card where I live because they hate foreign devils. I've used Bitcoin to be able to purchase goods internationally. I've helped family in Iran with it. I've sent it to fund servers run by people I don't know who live in some random country I don't know, and all they had to tell me was what address to send to.

You guys? You try to cheat each other by shilling shitcoins at each other. Same with that r/cryptocurrency subreddit. You pretend Bitcoin is "old tech" and "useless" when in fact it's the only one that has any real acceptance or value.

Ethereum's primary use case seems to be for creating more shitcoins and scams. Chainlink is useless unless there are multiple separate blockchains to link together. I'll grant that both have value right now and MIGHT have some real-world use.

Everything else? Complete shit. You people should be ashamed of yourselves, no matter whether you're shilling shitcoins to each other or dumb enough to buy shitcoins. Especially the fucking retards who push BSV and enable Craig Wright's fraud. Fuck you all, I hope you all crash and burn.

>>52613082
Fucking delete this you imbecile. We never talk about that.

>>52613073
Bottom signal

>>52618689
wow a terrorist and a reddit poster
bravo for that one

>>52616673
You have been continuously connected to the internet for every hour of your life since 1995.

>>52618689
based persian dropping the REAL redpills

>>52613306
Your children will hate you for giving them magic beans instead of a new car and a free ride to college that a proper investment would have afforded.

>>52616551
these niggers have been saying this since 2011 kek

>>52616956
Yeah, people who don’t want crypto should go live in Africa unironically

>>52618689
Monero>bitcoin

Am in agreement with criticism of ethereum and chainlink and communities

>>52618806
2 more weeks

>>52613073
Considering I first got into crypto to use the silk road, duh.
How are they just realising this?

>>52618689
Chainlink is fine with just Ethereum existing.

>>52619527
I like the privacy goals of Monero. I've read repeatedly that it's not as private as claimed, because there are too many ways to screw up the privacy aspect and not all of them are under the control of the recipient. I don't know enough to be able to evaluate how true that is.

>>52613073
The drugs are a way bigger part then he thinks but yeah

>>52613073
Crypto as it is is total bullshit.
tulip market
It's CURRENCY not fucking speculative assets.
Only monero and other privacy coins are real CURRENCY
and they'll start getting a shit ton of use cause the gov is about to lambast fucking everyone and their grandma and shut down their fucking banking cause they are psychotic.

>>52621597
Money without privacy is not actual real money according to moneys definition.
If the currency isn't private it isn't fungible because the gov will shut down anyone with "tainted" dollars.
What this non-fungibility means is that 1dollar no longer equals 1dollar.
if 1$!=1$ because of government over reach it loses it's ability to be a store of value and unit of account.
Imagine your bank account gets shut down because someone bought your dropship stores item with "tainted" CBDC.
There will be systemic cascading invalidation of peoples """money"""

>>52614117
How about XRP, now that's real world functionality

>>52618689
>Iranian expat
Go back
>muh sanction resistant remittance
Bitcoin is already censored and you're just too small to check. In fact, the very shit coin you shit on, ETH, is more resistant to sanctions in the sense that it's based on fungible balance and you can build contracts similar to tornado.cash.

I'm sure this is a bait post.

>>52613096
>Imagine being into crypto for the technology. That is just cope to not look like a greedy jew

What even is the 'technology'? It's just software.

>>52616673
>crypto doesn't work if you don't have running electricity and reliable internet
Electricity and the internet are never going away you fucking idiot

>>52621681
What separates crypto from "just software" is the fact it is decentralized, and for me, the character of the actors that created it.
Bitcoin came up partially as a response to the failure of occupy wallstreet.
There simply is no other thing that will be there to fight CBDCs.
Crypto is the competitor to global hegemon, however in many ways it is pozzed with WEF-tier shit like chainlink. Invest in the future that you believe in.
Many make the argument that Bitcoin is the only actual crypto and lesser arguments for important real alts like Eth and cosmos.
Eth becoming PoS was not really a tech upgrade, it was eth bending the knee to ESG. Mining was what made it different, but perhaps it is too big to fail now, we will have to steer it in the right direction and knock the demon hands off of it.
Decentralization is important because it means bad people cannot use it to subvert and control us. It only means that to an extent however as they try to
You should be moralized however because look how much crypto scares them. It is a legitimate threat to their global control system. It's possible that it is just bitcoin but there are promises from some alts. Look up jae kwon and cosmos for a good example. Look at his twitter. However the other founder of cosmos is jewish.
Chia by Bram Cohen is a good example of a scam. It works sure, but look at the chart.
As long as bitcoin is mined, it will continue to be a competitor to the people who fucked you over in 2008 and now every day.

>>52621840
>There simply is no other thing that will be there to fight CBDCs.
CBDCs are going to fuck themselves.
They won't even be usable because of this
>>52621624
>Imagine your bank account gets shut down because someone bought your dropship stores item with "tainted" CBDC.
>There will be systemic cascading invalidation of peoples """money"""

>>52621840
decentralization does not exist, it's a meme
Blockstream controls BTC's development
>muh miners!
are you aware that China owned more than 51% of the hashrate up until last year? it is fairly easy to compromise the network, especially if you are a government lol
not to even mention that the majority of the hashrate is concentrated on large pools

>>52621856
Easy, mining algorithms won't work on large hardware
>if(serverHardwarDetected()){stopWorking();}
I don't know why you fags make it so hard to download a monero wallet on your smart phone and just fucking use your phone like cash.
Money tech peaked with cash as far as usability goes.
Online shopping is the only reason for digital bullshit and the only thing that will work is digital cash not this faggot psycho tyrant shit.
fucking communist pigs.

>>52613714
>Holy shit reddit is so fucking retarded. Its like they've been asleep the last time congress tried that fud piece.
It has seeped into their subconscious and they think such thoughts are originally coming from themselves.

>>52621872
thanks for conceding
>hur just use a smaller, less secure, less adopted altcoin bro!

>>52621881
that's not the gotcha you think it is.
bitcoin is defunct bullshit.
only privacy coins are actually currency.
No one is ever going back to tulip crypto.

>>52621886
>No one is ever going back to tulip crypto.
And the ones who do will keep getting fucked by corrupt CEXs and whales.
The future is privacy coins on DEXs like it was always meant to be cause that is the only time crypto is crypto and not some BS wallstreet propped up bullshit.

I won't sell my crypto as I don't like speculating on fiat

>>52613128
based

>>52621886
it literally is
your best example for crypto is an obscure, illiquid altcoin
get fucked

>>52621856
Can you describe a practical attack using the weaknesses you described? Do you just pretend there are no counters so you can shill your centralized shitcoin? You're the same guy behind all BSV shill posts, probably Craig.

>>52613073
>talk a bunch of shit about how hes ready to hold
>its time to hold

>>52621983
All darknet markets only use monero.
Bitcoin has no real world use case anymore.
it's a mirage.

>>52622048
>muh BTC scam fork shills!!
we seem to have a misunderstanding here
ALL OF CRYPTO is useless, no exceptions
>hurr durr describe a practical attack using the weaknesses you described with a decent description derpity derp
sure, 51% attack of the network, fork the chain, force double spends, boom BTC is dead
>>52622059
the vast majority of the dark markets around the world STILL use fiat
>muh crypto is useful for muh drugs
>imagine unironically believing that "secure cryptography" exists
gullible morons

>>52622072
Well the govs of this world want to move to CBDCs (which is a kind of crypto) so you can chose that or Monero.

>>52622078
or fucking print your own physical dollar currency since that's basically what crypto does digitally.

>>52622078
>implying you have a choice
enjoy your cute revolution against armed government forces
pro tip: you might need an army

>>52621624
>Money without privacy is not actual real money according to moneys definition.
Between LN and Taproot, Bitcoin privacy is achievable again. Just avoid centralized exchanges and you're fine.

20% of my BTC was bought by shoving cash into a BTM. Unless someone goes and reviews security footage from years ago and then uses facial recognition to track me down, they'll never know I have it.

>>52621658
no u

And ETH has every problem BTC has, plus more because Vitalik is a dumbass. He fucked over the mining crowd and sold it as "it'll reduce gas fees!" then said "LOL jk we like high gas fees!" Enjoy paying $50 per transaction any time seven or more people play CryptoKitties.

>>52622072
A simple blacklist system like DDOS protectors already provide is enough to counter your devastating attack.
>ALL OF CRYPTO is useless, no exceptions
Not to me. You're brainwashed into trusting mobsters so you can't conceive of the utility of not trusting them. That doesn't say anything about its actual utility, just how retarded you are.

>>52613750
Cryptocurrency mining is just a way for them to legally/morally power their supercomputer AI God learning algorithm.

>>52622083
hmmmm

>>52622083
Violence is not a threat to the network.

>>52619068
you have a nigger mindset

>>52622106
a simple blacklist system can override a 51% attack of the entire BTC network? wow, it seems you don't even need 51% of the network at all, just enforce ddos protection bro!
this is a 18+ board you retarded teenager

>>52622123
what the fuck are you talking about? who is using the network? if actual human beings are utilizing it, then they can be coerced
holy shit are you all underage kids? wtf

>>52622123
just in case, the monero app should have a feature to hide itself on the device until needed by the user.

>>52622135
No one has or uses monero.

>>52622145
(You) are and that's all (((they))) need
also, a 51% attack on XMR is even more feasible than BTC

>>52622155
Bro, if it's not obvious by now they're fucking out to end ALL of humanity and replace them with machines. Everyone is gonna catch on sooner or later

>>52622159
>discussion about crypto
>concedes that everything is trash, except from XMR
>runs out of arguments to defend his favorite altcoin
>devolves into schizoid ramblings
this is what crypto does to your mental health

>>52622166
>implying China isn't experimenting on the muslims with brain computer interfaces
>implying elon musk isn't a front man for the military industrial complex building star-link and neurallink
>implying they aren't going to force everyone into surgery camps to get a BCI installed.
>implying you can hide anywhere on earth with the satellites coverage and AI monitoring systems they have

>implying you haven't figured that out by now.
>implying schizos are ever wrong

>>52622174
>implying any of this is in any way related to crypto
look up apophenia and stop lurking /x/

also this thread is about crypto, stop derailing and reflecting you xmr schizoid shill

>>52613162
>It's just a vehicle to popularize distributed ledger tech.
>centralized PoS chain popularizes distributed ledgers somehow
???
you talk like a faggot, half your post is self-congratulatory wank.
back to plebbit, retard.

>>52622179
The only way for humans to remain combat viable (and thus survive) the AI dominant world is to counter surveillance. Privacy currencies and privacy economies are crucial to human survival in the coming decades.

Why do you think people care about this stuff? Because it's a fun hobby? Not everyone knows yet but crypto is crucial in the humans fight to survive "the machines."

>>52622189
the only way to survive is armed revolution you pussy
your funny magic internet money won't save you from the governments of the world, lay off the koolaid for once

>>52622203
You're not as smart as you think you are. Trust me.

>>52622208
ok, your shitcoin will die within the next 5 years is all I'm saying
have fun

>>52622128
>a simple blacklist system can override a 51% attack of the entire BTC network
Yep. Like you said in the next post this is a network of humans trying to actually use the system. Clearly malicious nodes showing they're not interested in that goal can be detected and blacklisted. The specific problem you mentioned was China in which case you can simply block China entirely, creating a stub fork in China maintained by attackers.
>if actual human beings are utilizing it, then they can be coerced
Humans can be coerced and the network gives them options that leaves them less vulnerable to coercion, not more. Say something retard, you don't even try to present any actual logic, just memes you heard and are too dumb to think about.

>>52622203
>>52622208
As long as the current surveillance capabilities are not countered by the average citizen, every political system established will immediately capitalize on the surveillance systems and become corrupt. Surveillance enables and begs for the establishment of tyranny.
Even if AI wasn't using surveillance to learn from and own humanity, two bit human tyrants would.

If you don't counter Big Data, the world economy will never recover from the centralization and communist trend that is debasing our currencies and ruining the job market.

Privacy is everything in the age of information.

>>52622203
>muh armed revolution
The group with the stronger economy wins. Have you ever played a single war game? Ever read anything about the history of any place ever?

>>52613073
Global insurrection against banker occupation. GIABO. That's why I buy.

>>52622221
>you can simply block China entirely
>you can simply remove 51%+ of the network hashrate no problems
>no, this doesn't consequently make the BTC network infinitely more exposed to more attacks
>no the "block" can't be circumvented from China's government lel lmao
also who is going to enforce this "block" on a "decentralized" network of nodes and miners?
>Humans can be coerced and the network gives them options that leaves them less vulnerable to coercion
explain how crypto makes you less vulnerable to guns
>>52622229
>more ramblings
>>52622243
sure, the strongest economy is the government
get fucked

>>52618689
>You pretend Bitcoin is "old tech"
It is. Fees per tx are way too high for it to see widespread use and the energy required to power it is too costly.

>>52613073 >>52613082 >>52613088 >>52613096 >>52613128 >>52613152 >>52613154 >>52613162 >>52613176 >>52613182 >>52613306 >>52613320 >>52613356 >>52613373 >>52613386 >>52613414 >>52613416 >>52613581 >>52613638 >>52613714 >>52613750 >>52614007 >>52614042 >>52614117 >>52614252 >>52614295 >>52614323 >>52614335 >>52614362 >>52614407 >>52614529 >>52614546 >>52614606 >>52614613 >>52614615 >>52614670 >>52614804 >>52615137 >>52615235 >>52615288 >>52615453 >>52615518 >>52615544 >>52615579 >>52615609 >>52615645 >>52615672 >>52616128 >>52616177 >>52616199 >>52616226 >>52616235 >>52616246 >>52616262 >>52616289 >>52616305 >>52616309 >>52616512 >>52616551 >>52616663 >>52616673 >>52616727 >>52616808 >>52616850 >>52616930 >>52616956 >>52617012 >>52617307 >>52617422 >>52617453 >>52617536 >>52617750 >>52617784 >>52617867 >>52617932 >>52617948 >>52617957 >>52618373 >>52618510 >>52618564 >>52618592 >>52618611 >>52618689 >>52618764 >>52618772 >>52618804 >>52618806 >>52618884 >>52619068 >>52619411 >>52619485 >>52619527 >>52619539 >>52619584 >>52620050 >>52621228 >>52621597 >>52621608 >>52621612 >>52621624 >>52621638 >>52621658 >>52621681 >>52621683 >>52621840 >>52621849 >>52621856 >>52621872 >>52621875 >>52621881 >>52621886 >>52621896 >>52621899 >>52621908 >>52621983 >>52622048 >>52622054 >>52622059 >>52622072 >>52622078 >>52622082 >>52622083 >>52622096 >>52622106 >>52622111 >>52622119 >>52622123 >>52622124 >>52622128 >>52622135 >>52622139 >>52622145 >>52622155 >>52622159 >>52622166 >>52622174 >>52622179 >>52622182 >>52622183 >>52622189 >>52622203 >>52622208 >>52622214 >>52622221 >>52622229 >>52622243 >>52622245 >>52622251 >>52622253
>REDDIT SCREENSHOT THREAD!!! WOWZORS

>>52622251
The only way to gain the information you seek is to suck my cock shill.

>>52622259
get off my dick you retard

>>52622259
>waaah I want privacy
get off the internet, problem solved

>>52622269
the jews aren't going to survive the machines.
this isn't a tribe thing.
all human life is in mortal peril from AI.

>>52622279
bro, you don't want machines and AI? fight for it
with guns
you don't want surveillance? FIGHT for your right to privacy
read some history books, ALL technologies eventually are used to enslave people, your only fighting chance is war

>>52622279
This ain't no new world order.
https://www.youtube.com/watch?v=74UPMLjUFI4

>>52622251
>who is going to enforce this "block" on a "decentralized" network of nodes and miners?
Miners voluntarily add attackers to blacklists.
>explain how crypto makes you less vulnerable to guns
>explain, explain, explain
How about you think for even one second about any of this before spreading your mindless shit?
One very simple way you're less vulnerable to violence is because memorized keys can't be taken from you when you're dead.
>sure, the strongest economy is the government
That's not an economy.

>>52621638
>How about XRP, now that's real world functionality
XRP isn't a cryptocurrency.

>>52622293
You're too dumb to fight for anything. You don't understand how you would begin, you apparently think it's about running outside with a gun and shooting.. politicians? US military personnel? Retards like you should know their place and never speak on any subject.

>>52622297
do you know what a 51% attack is? the attacker will take over the entire network and will blacklist the rest of the miners that are enforcing your precious block
in the end, the chain with the most hashrate wins (in this scenario China)
blacklist is entirely useless in a 51% (fifty-one percent) attack
you clearly have no fucking clue
>muh keys ensure muh security!!
https://btcpeers.com/spanish-entrepreneur-allegedly-tortured-to-reveal-bitcoin-private-keys/
https://cryptopotato.com/tuentis-founder-tortured-to-reveal-his-bitcoin-private-keys-report/
https://futurism.com/robbers-tortured-man-drill-steal-cryptocurrency
>>52622321
>muh protest and activism will change the world!!!
underage libertarian faggot confirmed
go back

>>52622293
>you don't want surveillance? FIGHT for your right to privacy
The world's changed. Anyone can record you with a smart phone and post you to reddit and your face can be run through pimeyes to find everything on you and then truepeoplesearch your name for everything else on you.

All we can do is make systems that help people keep essential information (such as their business information) private enough that they aren't vulnerable.

>>52622343
get far away from faggots with smartphones
>nooooo I don't want to leave my comfy first world living of standard!!
>my internet money with (((privacy))) will save me!

>>52622351
If you want any form of networking or socialization, which is a part of participating in business and economies, you have to talk to people.
There is no such thing as "off the grid" anymore with starlink.
The world is changing.
And all this surveillance gives Big Data all the power and causes economies to centralize which causes them to collapse.

>>52622363
>muh balloon satellites prevent me from getting off my ass and actively doing something to protect myself from the coming digital tyranny!
>that's why I do nothing and I simply hold muh crypto!

>>52622371
>coming digital tyranny!
it's already here.
They do record and read everything posted online including this conversation.

>>52622376
>it's OVER do not even bother resisting the oppressor goy, your only chance is buying my bags and hope for the best

nigger

>>52613096
Well it shouldnt be about the money alone too. Mainstream adoption depends majorly on the tech and usage. With Defi,Privacy and Web3 you can be in for the money and tech.

>>52622380
The only major website that allows free speech anymore is 4chan, and even then the mods sometimes censor you and they definitely track you and talk to glowies. Things are already very very VERY serious and you should be taking it very very seriously. The people in power aren't playing games.

>>52622326
>do you know what a 51% attack is?
Clearly you don't.
>the attacker will take over the entire network
No, 51% of it.
>in the end, the chain with the most hashrate wins
In the end the chain that is paid for hashing wins. The attacker is paying insane amounts for every second he maintains the attack while the side trying to maintain a working network is getting paid for it.
>muh torture
You're braindead, both retarded and dishonest. We have additional security with memorized keys, everything you're saying applies to all assets imaginable, bitcoin has some additional protections.
>muh protest and activism will change the world!!!
Who are you quoting? What made you into this disgusting dishonest shill incapable of thinking about any subject?
Are you actually arguing against understanding systems and engineering them in favor of just going around shooting random shit?
How do I use this magic violence that solves everything? Why haven't you already?

>>52622390
>buy my bags
no and you're boring, you're not even replying in good faith
>No, 51% of them
get fucked

>>52622390
>We have additional security with memorized keys
you have nothing you delusional crypto shill, assuming the robber fails to acquire your keys, your BTC are USELESS AND TRAPPED FOR EVER
fuck you, honestly

>>52622371
Bitcoin finances the building of small hydro dams.
In a mad max future or whatever a trader using gold which is the best alternative can't compete with a trader using BTC.
>>52622394
Say something retard. How can people this dumb actually exist? Are they really poisoning the water supply over there?

>>52622351
The poorest niggers in Africa have fucking smartphones.

>>52613128
Bullish on Railgun and Zcash. You know relayers are the future, right?

>>52622406
>Are they really poisoning the water supply over there?
ha, the tap in the USA is so polluted that the chems and junk in it dehydrates you if you drink it.

>>52622406
in a mad max future you won't have electricity and your funny internet magic money will disappear forever
>waaaaah respond to my insults waaaah
>understanding the underlying system and engineering of this vaporware ponzi is going to help me fight off the governments!!1
literal child

>>52622402
The robber didn't get them so they have less incentives to try to rob people they know mostly have crypto.
I can also have mechanisms in place so they're not lost. Complex multisig with whatever complex conditions I want that need to be met. All the options you have with all traditional assets + many more.

>>52613073
as long as i cant pay with crypto when ther eis no connection to buy food/gas its just another cope for faggots who cant change a tier on their own and like to sound and seem smart without learning a thing

truly the perfect symbol for the US

>>52622425
>All the options you have with all traditional assets
ok, given that traditional assets aren't in danger of getting stuck somewhere forever and don't rely on hashrate, miners being honest, electricity etc, I'll stick with them, thanks

>>52622422
Absolutely mindless. You can't even imagine getting electricity without mommy feeding it to you. That you're completely incapable of surviving and don't understand anything doesn't mean everyone else is as useless as you. I even gave you a hint by mentioning small hydro plants.

>>52622435
>muh diesel generator will power muh mining rig
ok I'm fucking done

>>52622434
>ok, given that traditional assets aren't in danger of getting stuck somewhere forever
As long as you have any kind of security mechanisms as everyone deploys for large amounts of wealth this is possible.
>>52622440
What's wrong with your brain? Are you actually illiterate? Why the dishonesty? Why are you so incredibly invested in neutering yourself?

>>52622255
Include me in psych ward admission report

>>52622447
bro, your technology is useless and you're not going to convince me it's not
what's the point? keep stacking your fake money and carry on

>>52622447
>What's wrong with your brain? Are you actually illiterate?
He's frustrated seems like.

>>52622454
I know I won't convince you of anything but that's because you don't fucking think at all. You've never tried it.
>>52622440
Look at this fucking post and what it's replying to. How do you lie to yourself that you have any hint of sincerity? You don't care about the truth even a little bit.

>>52622448
I dread the nightmarish future where AI reads your mind at a distance with brainwave detection and locks you up in the psychward for being paranoid that AI is reading your mind at a distance with brainwave detection

>>52622467
>waaah waaah waaah buy my bags waaaah
you implied that in a mad max apocalypse you'll find a way to generate electricity and I mocked you
I forgot to add the /s, sorry

>>52622467
Dud eis right though. Crypto doesn't solve any real world issues and introduces new ones which are a direct result of the architecture of blockchain. Only illiterate mcdonalds workers fall for marketing claims like "10x faster than cloud platforms". People who actually work with technology know it's a scam.

>>52622471
we're not getting mad max.
we're getting a mix of ghost in the shell and the matrix, for however long that last til the singularity.

>>52622471
>you implied that in a mad max apocalypse you'll find a way to generate electricity
I explicitly mentioned small hydro dams, like the one that's powering my computer right now.
You apparently become willfully illiterate when you read something that says something you dislike or doesn't fit your preconceptions. What other explanation is there?

>>52622482
Elon musk played deus ex: invisible war and is basing his vision of the future on the hivemind helios ending.
We're getting a hivemind because some billionaire played a video game and the military thought it was cool.

>>52622478
It solves issues I have. You're too dumb and mindlessly dependent on mommy to conceive of those issues even when explained to you over and over.
>10x faster than cloud platforms
What the fuck is this supposed to mean? The blockchain is deliberately slow for global settlement. In the future we'll make even slower chains for interplanetary settlements.

>>52622482
jfc shut the fuck up you deranged schizo
>>52622485
>I explicitly mentioned small hydro dams reeeee
so what? same logic applies, good luck in creating all these huge dams to produce all the power required, good luck controlling these dams yourself, good luck enforcing your control over them
remember, mad max
>You apparently become willfully illiterate when you read something that says something you dislike or doesn't fit your preconceptions
pot meet kettle

>>52622478
>Crypto doesn't solve any real world issues
Crypto is supposed to be cash you can use digitally.
as in private money on the internet that can't be debased by corrupt governments overprinting.

>>52622454
Closed-mindedness: the de facto
sign of higher intelligence

>>52622509
>private money on the internet that can't be debased by corrupt governments overprinting.
the only reason XMR pumped is willy the bot
>>52622514
>kool-aid

>>52622508
>jfc shut the fuck up you deranged schizo
The only insulting thing about what you said is your implying that you yourself are too stupid to acknowledge current reality and that I am wasting my time talking to a retard.

>>52613073
>Literally who reddit Twitter post.
Bitcoin was a dollar, it's now worth 16k.
Nothing you post is gonna get me to sell.

>>52622520
>>>/x/

>>52622527
Yeah, moron, the whole world is going insane faster and faster everyday. It's like you have your head in the sand.

>>52618689
I hold Algorand for the APY.
Other wise, spot on...100 percent agree.

>>52613128
This. I started stacking XMR instead of BTC a while ago and it's paid off big time.

>>52622509
It's not a legal tender, and thus it's an asset (specualtive one), not money. Whenevr you pay with crypto, the amount you pay is converted to legal tender first, i.e. dollars.
You're basically paying with dollars with few extra steps.

>>52622507
Any example of an issue that crypto solved for you? I can guarantee to you it's achievable using existing solutions with no need to trust your project with some russians implementing contracts for the token you're using.

>>52616673
>SOCIETY WILL COLLAPSE ANY DAY NOW!
K.

>>52622533
I agree with your premises, my illiterate friend
I do not agree that your shitcoin or crypto is relevant, at all, and you continue your incoherent ramblings seemingly oblivious to the issue at hand, CRYPTO
shut the fuck up

>>52622508
>so what? same logic applies
What fucking logic? You have presented no hint of a thought process at all. Diesel generators make no sense, the reasons why diesel doesn't work have nothing to do with hydro dams.
>good luck in creating all these huge dams to produce all the power required
There is no fixed amount of power needed. However much is available in total dictates difficulty.
>good luck controlling these dams yourself
Whoever controls them has the relative economic power to defend them because they're paid for owning them by the markets without needing a central authority

>>52617307
>Put coins on USB wallet.
>Leave Jewish school shooter nigger land.
>Sell crypto.
That was 2 hard for u.

>>52622538
>It's not a legal tender, and thus it's an asset (specualtive one), not money. Whenevr you pay with crypto, the amount you pay is converted to legal tender first, i.e. dollars.
>You're basically paying with dollars with few extra steps.
No, you're basically paying with crypto with the extra step of going through fiat because not every merchant has converted to crypto.
There's no reason to trade or hold CBDCs if you can use crypto.

>>52622255
Yeah.

>>52622540
Their planned collapse is anywhere from 2025 to 2028 with a one world government swooping in to save everyone around 2030

>>52622538
>Any example of an issue that crypto solved for you?
I'm only talking about BTC. ETH is a blockchain playground but the blockchain itself is only useful to solve the token problem. Not needing to rely on a corruptable central issuer for tokens representing economic output.

>>52622554
Merchants pay taxes in their country's currency. When determining the price of a product in crypto, they calculate the price in relation to legal tender. You fool yourself into thinking that crypto is a currency.

>>52622326
>underage
Projection on your part.
All this Fudd, all this salt.

>>52622541
>I do not agree that your shitcoin or crypto is relevant, at all, and you continue your incoherent ramblings seemingly oblivious to the issue at hand, CRYPTO

It IS relevant to crypto.
The only real function of crypto is establishing privacy currencies to counter the all seeing eye surveillance system.
When I talk about AI and machines and everything happening in the world it's relevant because crypto gives us a means to trade without Bots and Gov looking over our shoulder.

You think after machines can do literally all the work that they will bother with the adult day care "service industry" that employs everyone now? no, we're all going to jail.
Alternative human run economies will be needed to survive.

>>52622183
You sound like a combo of stupid insecure. Nothing congratulatory about the post. I know it’s hard for you to understand cuz you have three brain cells but some people do enjoy playing with technology.

Faggot.

>>52622371
>coming digital tyranny!
You pay taxes to stay out of prison.

>>52622571
Stocks and savings accounts are considered M1.
In the end it's all money, just at varying levels of liquidity.

>>52622542
for fuck sake the diesel was sarcasm you retard
>hydro dams.
who is going to build them and where? you also need to physically be able to protect your source of electricity, eg the fucking dam
> no fixed amount of power needed.
I assume that you will opt to use the vast majority of power for heat, cooking, lights etc but you know best
>Whoever controls them has the relative economic power to defend them because they're paid for owning them by the markets without needing a central authority
this is a fucking mad max scenario, no rules, no laws, literally what the fuck are you talking about?
let's accept your premise here
>Whoever controls them has the relative economic power to defend
what if an armed group attempts to take over? are they gonna force them to submission with their "relative economic power"?
this is why I keep saying you're a fucking child
>>52622574
>The only real function of crypto is establishing privacy currencies to counter the all seeing eye surveillance system
why not do that with physical currency for fucks sake?
>>52622584
it has been this way for a long time now, look up feudalism

>>52622380
>your only chance is buying my bags
Let me stop you there.
This fucking "bag holder" meme is dumb as fuck, you have any idea the sheer volume of people who trade BTC every hour on the hour?
It's million and not everyone buys the top like you fucking nigger faggots.

>>52622596
nobody itt is trading you retard, they're all holding muh future of finance cause "fiat bad"
newsflash, we had fiat since the romans, currencies, empires, civilizations always expand, peak and subsequently collapse
your internet money won't change that

>>52622425
I've been robbed like twice and that's another reason I like BTC, I don't have to carry PHYSICAL goods with me everywhere I go.

>>52622620
so, you don't carry debit cards or a smartphone right?
delusional hypocrites

>>52622440
Well it's possible and people have done it.
>I'm done.
You have no arguments and you're fucking dumb.

>>52622610
fiat always had the problem of being debased by tyrants.
now fiat has the problem of recording every transaction you make.
Surveillance IS dangerous, it's just not readily apparent.
But THEY use surveillance to learn about us and predict our actions, it's ultimate goal is to inform their further objectives for controlling us.
They hunt people using the internet and monitor them with automated AI systems.
Things are dangerous.

>>52622629
>Well it's possible and people have done it.
source bruh?

>>52622566

>>52622454
>you're not going to convince me
We don't care about your fucking opinion, cuck.
I've made money trading BTC, suck it.

>>52622631
excellent non-sequitur

>>52622640
>I've made money trading crypto
me too, are you retarded? take your fucking meds

>>52622592
>who is going to build them and where?
Reasonable people capable of acting in a self interested manner, like is actually happening.
>I assume that you will opt to use the vast majority of power for heat, cooking, lights etc but you know best
Yes, like is actually happening you mindless shithead.
>this is a fucking mad max scenario, no rules, no laws, literally what the fuck are you talking about?
Think retard. Stop posting and just fucking think for the first time in your useless life.
>what if an armed group attempts to take over? are they gonna force them to submission with their "relative economic power"?
The group owning the dam can arm themselves because they have economic output they can use to produce and trade for weapons. This imagined armed group either either has a similar base arming them or they're ineffective.
Like is actually fucking happening, like real life actually works.

>>52622647
What other info are you fishing for?
Just ask man.

>>52622583
You completely disregarded my point and jumped into some unrelated topic. Those mental gymnastics are getting better and better.
Nobody is claiming stocks are a currency or claims you can and should pay for goods with them kek. Your claim is that crypto is money / currency, stocks are not.

>>52622471
>mad max apocalypse
Grow up.
Even Somalia is getting policed because people are sick of the pirates there.

>>52622650
>it's happening dude, trust me, no source required just trust me dude
>yes this is happening too
>you are are retard
cool
>The group owning the dam can arm themselves
Oh so now you've finally conceded that guns are important
moron

>>52622657
You're so literal you must be a bot.
If stocks are cash, so is crypto. They're both "speculative assets".

>>52622637
>fees
My nation like the average western nation pays around 1% of GDP just for interbank settlements, WITHIN THE COUNTRY.
You have no clue what you're talking about. You don't even try to actually think and look things up before pretending you have it all figured out because you saw a meme on twitter.

>>52622657
he's a schizo
I'm done, thread full of moron bagholders doing all kinds of mental gymnastics to justify their atrocious investment choices
get fucked retards

>>52622673
>>52622657
You're obviously fishing for some form of information. You glow from fucking miles away.
Just ask what you want.

>>52622670
nobody uses stocks to pay for things or claims it's a currency apart from you.

>>52622662
>yes this is happening
You're so braindead it hurts. Is the vast majority of power not used for heat etc despite BTC mining being a thing?
>Oh so now you've finally conceded that guns are important
When did I even imply otherwise you illiterate vegetable? I even asked you for advice on how to use this magical form of violence you claimed is the answer to everything.

>>52622672
Oh ok, so you in that regard bitcoin is at best 1:1 with current system, but by using bitcoin you risk losing 70% of your net worth in less than a year. What about other things I mentioned that you conveniently decided to ignore?

>>52622541
>Zero arguments.
I agree with the other guy.
You never rebuffed any of his arguments you just insulted him and said "crypto big scam".
What the fuck is your fucking problem?

>>52622657
Is a car a horse or a camel? ANSWER THE QUESTION DAMN IT!

>>52622565
>one world government
Jews own your fucking countries and Government, white boy.
https://en.m.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
Here you go, read it and weep.
Russia has a very vibrant Jewish community that generates billions of dollars.
White boys fought both world wars so Jews can own your Federal Reserve.

>>52622706
The tactic is to anger your opponent so they reveal information out of said anger.
Dunno what he's fishing for though.

>>52622748
it's not like we know anything everyone else doesn't already know.
Great thing about the internet age is that everyone knows everything almost instantaneously.

>>52622761
anyway I'm tired of chatting.
happy holidays to everybody.

>>52621896
Already moved my assets from fucking CEXs. Those scammers are never to be trusted. Trading with DEXs and adding privacy tokens to my bag. Scrt staked on Stakewolle at current rates. Decentralization is gradually gaining traction, might be sucking the mancunt of regulators soon

>>52622704
BTC based payments can be implemented with close to no fees and infinite scalability.
The price is not an argument about anything. We know it will be volatile unless it has massive daily liquidity.
>energy "waste"
It finances the production of renewable energy. It's the only way I can be paid for building a small hydro plant in some remote location that otherwise relies on imported fuel.
Increasing grid capacity always results in economic output but there are no direct global incentives except mining. The cost of constantly upgrading hardware has been the major issue holding this process back but the trend has been flattening out so more old miners are still in use than before.
The incentives of mining mean it should never be draining resources but using excesses and adding to that excess power. When it's a drain is like when governments subsidize fuel so simply burning that free fuel for mining becomes profitable for you.
>reversion for retards
That or complete insurance can be implemented on top for those that want. Multisig based recovery services etc. We have more options, not fewer.

>>52622727
Yeah and now they just need to consolidate it without any meaningful resistance? What better way than to kick off some resource wars to trap any fighting age men and create some chaos they can magically stop and save everyone from?

>>52613073
and stocks? do we pass them down to our kids?

the whole point of investing is to lend capital to a business in the hopes they use it to further the development of their idea, open new shops, advertise and generate revenue.

after some time i expect a return, or a dividend payment/staking reward or both. if i give 5/10k to a small company that has big ideas then i expect a larger return for similarly increase risk and i just have to hope its not a scam.

so yes it is gambling, but its also takes calculated risk, a lot of research and hard work to secure funding for my chosen investments.

>>52622818
> It finances the production of renewable energy
It wastes energy. There is no other way to call it. Just because someone builds a hydro plant to waste it on mining bitcoin brings no value to society. Calling it financing is also weird. Not sure how it would work, but if they took out loans in 2021 in hopes to pay them back with mined Bitcoin, then I guess they are in trouble right now.

> reversion for retards
> >>can<< be implemented on
nice line of defense. Solutions don't exist, so lets call those people in need retards. Creating those solutions would only catch up with existing systems by the way. In order to switch to crypto people would need real incentive for them to deal with volatility.

Right now the only people who have incentive are bagholders who dream of fresh blood fueling their pump n dump.

>>52622889
>There is no other way to call it
The cost is less than from the existing systems precisely because it wastes less energy. On top of wasting less it gives incentives to produce more locally, without needing economics of scale.
>brings no value to society.
If economics and trade add value then POW does too. If you believe trade doesn't add value then you're simply not in touch with reality.
>if they took out loans in 2021 in hopes to pay them back with mined Bitcoin, then I guess they are in trouble right now
Why do you say mindless shit like this? It depends on the specifics.
>Solutions don't exist, so lets call those people in need retards.
Is the opposite to what I said. Solutions do exist. All the solutions there exist for traditional assets + more options. What do you think misrepresenting what I say so blatantly does for you? How does it help anyone? What's your goal with this sort of dishonesty?
>In order to switch to crypto
This stuff about buying coffee etc is all retarded. Central banks will issue digital tokens for buying coffee. Being able to trade those for BTC means I have a way out giving both the currencies and BTC more utility, adding more value to the world.

>>52622979
> On the face of it, the question about energy use is a fair one. According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin currently consumes around 110 Terawatt Hours per year — 0.55% of global electricity production, or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden.
And right now, BTC handles miniscule number of transactions. If we adopted it globally, it would be completely unsustainable. I don't see a point in wasting this much energy, when current system works well without it.
> POW
work has no monetary value unless you can find someone interested to trade for it. In my eyes crypto has no value, it's centuries old kind of scam.
> Why do you say mindless shit like this? It depends on the specifics.
Of course it does depend on specifics, you didn't provide any. You just thrown a blanket statement about financing.
> Is the opposite to what I said. Solutions do exist.
If I send Bitcoin to wrong wallet, how do I reverse it or cancel it?
If someone gains access to my wallet, is there any system in place to prevent this person from making transactions? (banks have system in place to detect it, will call you to confirm transactions / put transactions on hold until you give green light)
Also, why would I want my spending to be publicly visible to anyone who knows my wallet address?

Not sure what point you're trying to make at the end. using BTC gives no value to the world in my eyes.

You guys just can’t call every piece of negative news a “bottom signal”.

Sometimes bad news are just the result of things being bad. And bad things tend to get worse, it’s harder to turn things around than to keep the course.

>>52623130
>BTC handles miniscule number of transactions
Every 10 minutes it settles thousands of high value contracts with absolute finality and global transparency. You can use it to confirm as many events representing transactions as you want.
>in my eyes
The markets are willing to pay for it because it adds value. You can argue it's overvalued but it's indisputable that the value it adds is more than zero.
>You just thrown a blanket statement about financing.
A true statement giving you insight you clearly never considered into what POW adds to the world. It gives incentives for building sustainable infrastructure even in areas with close to no current demand. You don't try to argue against this point, just make up some random case you set up to fail.
>If I send Bitcoin to wrong wallet, how do I reverse it or cancel it?
Depends on how you send it retard. If you're worried about this pay for a service layer or get insurance.
>why would I want my spending to be publicly visible to anyone who knows my wallet address?
Many companies and central banks should be forced to show all money in and out publicly in real time. It's not possible to enforce unless it's on the base layer. Privacy can be implemented on top but then it's always obvious you're implementing privacy measures.
>in my eyes
Because you're a retard. You don't think. You don't grasp how trade in general adds value. You don't understand how it all relates to the mad max example because you don't know how to build a society. The trader roaming around with a cart using gold is outcompeted by the trader with radio access to the BTC network.

>>52623273
>The markets are willing to pay for it because it adds value.
Yeah, snake-oil salesman, ponzi perpetrators, pump n dumpers are good at convincing people their products have value too. We don't have to wait for them to collapse to call scam a scam though
> A true statement giving you insight you clearly never considered into what POW adds to the world
Yes and breaking glass windows gives incentive to produce more windows. Work for the sake of work is great I guess when you like to fall for centuries old scams / fallacies
> Depends on how you send it retard. If you're worried about this pay for a service layer or get insurance.
And yet no example given
> Privacy can be implemented on top but then it's always obvious you're implementing privacy measures.
>>> can <<<<
Once again, you're talking about things that don't exist yet. AND - stuff that exists in current financial system. I'm not going to buy into your pump n dump based on your promises.

Going to shop now. I'll ask them if they are interested in accepting your Cryptographic Beanie Babies if you want kek

>>52613073
This is why jews rule the world

>>52613073
No one understands Bitcoin or Satoshi. The role of Bitcoin was to have a baseline for the fair value of assets. Fiat, gold, etc. can't play this role because they're manipulated to Hades. Bitcoin on the other hand is immutable and readily verifiable by any entity.

>>52623353
>Yeah, snake-oil salesman, ponzi perpetrators, pump n dumpers are good at convincing people their products have value too. We don't have to wait for them to collapse to call scam a scam though
It's true that to most people crypto is just a ponzi but that's because that's all most people are interested in doing with it. Like you they're retarded, they can't conceive of adding real value like by replacing the interbank settlement layer previously mentioned.
If you only use the token to run a ponzi it's still a ponzi that can't be shut down and there's no point at which it's completely over. The technical implementation is clearly superior to previous ponzis. You don't have the imagination to apply that tech to other things than ponzis?
>and breaking glass windows gives incentive to produce more windows
How is this comparable to building new infrastructure in poor areas with little previous demand? These are areas that most benefit economically from a tiny portion of the power output and like previously mentioned access to power translates to economic growth.
>And yet no example given
Is insurance or service layers not examples? In how much detail do I have to spoonfeed you? The reason I keep noting you're braindead is because you absolutely refuse to think about anything presented. You don't even consider the meaning of anything for a second, you go automatically to repeating your mindless beanie baby memes.
>you're talking about things that don't exist yet
You can already maintain privacy if that's your focus. The simple ways you can grasp should be obvious and were mentioned over a decade ago, your wallet has many addresses. Real decentralized markets without KYC have existed for years. Now we have lnmarkets, kollider etc.
>stuff that exists in current financial system
Nope. You're comparing a network that actually works to a group agreeing to some set of rules with no mechanical assurance they'll continue to cooperate.

>>52614615
>he doesn’t know MNW are saving governments millions by optimising supply chains

>>52622553
>put coins on USB wallet
you don't understand the merest fundamental concepts cryptocurrency

>>52622787
Moving assets to non-custodial wallets is a step in the right direction and integrating with privacy platforms to go on privacy mood is a top security strategy to explore with the current insecurity in the crypto space.

>>52623353
>stuff that exists in current financial system
What exists in the current system? Mathematically provable assets? Privacy? The ability to avoid being dragged down by failures in local monetary policy? Are you still obsessing about the ability to revert? You don't understand who does that for you or how? There's nothing special about BTC that makes you not able to use those same methods that rely on credit and trust. You have even more options, not fewer. Why do you think you have fewer?
The current system is not a formalized process anyone can analyze, least of all the public. The "system" is a bunch of clowns fighting about nonsense and barely managing to avoid miserable failure enough of the time so a few things eventually get done. It's almost entirely made up of inefficiencies, for every real thing that gets done 100 failed to even start due to how inherently corrupt and broken it all is. In practice this mess is still the most effective "system" apes ever put together so far. It's so easy to improve by a huge margin if only mindless vegetables like you weren't in power.

>>52613073
Zhenli Ye Gon
(alleged?) Sinaloa Cartel
US$ 207 million seized

>>52613750
exactly and obvious so why can't idiots understand this and keep saying the same dumb goy jibberish

>>52616663
This is an opinion that's been held by people at cryptos highs and lows. How does that mean it's a bottom. /biz/ and reddit for that matter are a drop compared to most share of investors

>>52623840
there were other systems. probably made by them too (my opinion).
and probably bitcoin was developed as asuccessor to these not so sophisticated(sorry) ones.

>>52623840
I can bet with almost absolute certainty that you're not competent in any field. If you ever made anything it was at best some physical thing that didn't need much brainpower. You give antisemitism a bad rep.

>>52623913
>yawn
I made you so technically you're correct

>>52613073
they really are clueless

>>52623931
It's like you're trying to prove the point of how mindless you are.
You made nothing and influenced no-one. You will never even make a post that any human being finds worth reading. Your ability to act as a sovereign human being has been completely removed from you forever. Your brain is mush and your soul is owned.

>>52622096
What are your thoughts on Monero and Litecoin?

>>52624000
Do you run a Lightning node by any chance? I'm not a miner but I'm always on the lookout for gaining extra sats since I understand what Bitcoin will become.

>>52623616
I'm back from shop, they said they don't want to use Bitcoin because it takes 10+ minutes for transactions to settle. Sorry mate, but your currency of the future is not usable at all. Good luck with pumping it, I know that I'm too retarded to invest in pic related. I'm sure that you're smarter than me and you're going to make it though.

>>52624150
Again you demonstrate you're illiterate. Someone who read anything I posted wouldn't rant about not being able to buy coffee as if it's some kind of gotcha.

>>52623820
> Mathematically provable assets
not needed.
> Privacy
Yes, more so than Bitcoin. Once someone knows your wallet address, this person can track your spending
> The ability to avoid being dragged down by failures in local monetary policy
Unrelated to currency. If polititians want to manipulate, they will. Reminder that USA got rid of gold standard because it was too good at controlling spending. Not sure what makes people think that polititians will allow anything like that in future
> There's nothing special about BTC that makes you not able to use those same methods that rely on credit and trust
Not legal tender, that's all there is to it. I'm not going to put my money into your pump n dump because it's not recognized as official currency. Might as well put my wealth into sea shells, would be as good as Bitcoin.

As for your regards for the current system, yeah I'm sure you understand it completely. There is no way you're calling it stupid because you are at the beginning of the curve in pic related.

>>52624177
So we agree it's not suitable to be used as currency, and current banking system is superior for financial transactions. Thanks and good luck.

>>52624208
>not needed.
Retarded. FTX, Wirecard.
>more so than Bitcoin.
Everything you do in the banking system is recorded and assigned to your identity. Again you have more options with BTC not less. You at least have the option of not assigning an identity to an address.
>Unrelated to currency
What is this incoherent horseshit supposed to mean? I don't care about what fits some definition, I care about actually being able to do things like trade out of bad monetary policy. Which I can now, thanks to BTC.
>Not sure what makes people think that polititians will allow anything like that in future
They never fucking allowed it retard. Again you don't think, instead you appeal to dumb shit like your uneducated fear of what forces you don't understand might do using their inconceivable magic powers.
>gold standard
Fucking mindless meme retard. It doesn't work because you get liquidity locked. Same would happen if everyone tried to use BTC as the consumer level currency like I already told you.
>that's all there is to it
I can't think so I let mommy think for me, that's all there is to it.
>>52624254
To buy coffee you should be using a local digital currency that can be traded publicly on a global BTC market. You will be able to use BTC using LN, maybe even before the governments figure it out but having local currencies is optimal. Easy digital trading means having more currencies may make sense. The Euro zone is benefiting in some ways from the Euro but also suffering. It may be possible to get the best of both worlds using digital systems backed by a real market like BTC can provide.

naw,I actually like decentralization, its just you parasite faggots that dont. now pump my bags.

>>52613073
lol, everyone knew that from the start. Get in, make money in a bull, sell and wait for the bottom. buy this day and age of crypto, the web had millions of users and they offered actual products

>>52621681
Since when are new software concepts not technology you crackhead hoodrat?

>>52624553
>new software concepts
How is scamming people a software concept? I have not see crypto projects affect general every day to day life at all in over a decade now despite the hype.

>>52613306
jesus...

>>52616673
look up shortwave radio transactions.
even if the internet was gone the blockchain will survive.
cope
seethe
dilate
nocoiners eternally btfo

Unironically going to start buying crypto again soon. The top is in when this board moves fast. When this board is dead it’s time to buy since all the normies are gone

I shall begin buying ethereum at $1000 and Bitcoin at $15k
If they do not go lower than that before January i will begin to buy at whatever the current price is

What exchange has the lowest fees? I was getting kiked by coinbase for a while
Robinhood you don’t own it but no fees
Binance?

>>52624631
Maybe read a whitepaper or 2 and try to understand the tech behind it. The way people use it has nothing to do with what value it could bring. But I guess you like to suck the circumcised dicks of governments and banks. I'm not saying I'm in it for the tech though, even if I researched it and I worked with blockchain tech as a dev. Also jut because you bought the top in december doesn't mean you were scammed, it was your conscious decision.

>>52617784
Because working for more dollars doesn't increase my link stack. In fact what any smart anon did was to forfeit their dollars in exchange for link because we know link is more valuable. And when we sell links is to pay for stuff that is denominated in dollars because of adoption. If i could buy my groceries and pay my living expenses with crypto i wouldnt even use fiat. Right now we are in the Petro dollar situation where you are FORCED to swap for dollars because tptb need it to keep their ponzi going and everyone that fights back gets Ghadaffi'd. But times are a'changin'...

>>52621681
>Software isn't technology
Dude, bashing two rocks together to make a sharp stone is technology.
The absolute state of this board

>>52614362
tokens are not needed

I unironically consider BTC the only true store of value.
I unironically am and will continue to put any excess uninvested wealth into BTC.
The equivocation of "crypto", mixing shitcoins with BTC, is absolutely laughable and bring so many braindead cattle to ruin that i will never contradict it.

Just be aware that some people unironically, truly believe PoS is actually beneficial to them.
No, they are not joking, they are serious.
Never forget the 80% vaxrate, the vast majority of humans are not actually humans, but briandead, goylems, cattle, zombies, NPCs, nonhumans.

>>52622637
If you think on chain transaction fees are anywhere near what banks spend in the current system you are talking out of your ass.

>>52625155
Invest in bitcoin instead.

>>52624254
>>52624254
>it's not suitable to be used as currency
Correct
>and current banking system is superior for financial transactions
Incorrect

>>52622584
scenes from russia where men are slaves and forced to kill peaceful ukrainians on command by a psychopath

>sad
nice thread btw

>>52622889
Bruh, you are shooting yourself in the foot. If someone builds a hydro plant because it's profitable to mine BTC and suddenly it's not profitable the hydro plant remains there to generate electricity for other uses. nobody rigs their windmills or hydro plants with explosives. If there's no economic incentive to build those plants there will be no plants.

>>52623130
Now i get it. That's what seemed off .They are AI training bots specifically for fudding crypto in 4chan and probably everywhere else. But here it becomes obvious when the bots get stuck on a loop and you get the glowie in charge to manual override it.

>>52614606
>Oh shit this post from Hindu hamma has made me realise that trust minimisation isn’t actually the future of digital agreements after all,

hasnt crypto been around for 10 years now?

if it was the future wouldnt we all be using it by now, banks and such? but nobody is.

>>52624553
>Since when are new software concepts not technology you crackhead hoodrat?

i dont call software 'technology'.

>>52624764
>look up shortwave radio transactions.
>even if the internet was gone the blockchain will survive.

lol no it wont. you must be out of your mind.

>>52625157
A centralized system will always be more efficient than a decentralized one. You really think that banks spend gazzillions just to send strings of data from one database to another?

>>52624992
>Maybe read a whitepaper or 2 and try to understand the tech behind it.

read the documents people produce to try and legitimise their Ponzi scams?

>>52625078
>Dude, bashing two rocks together to make a sharp stone is technology.

soiftware is more like media than technology.

>>52625546
They already do spend mind boggling amounts to do that. The justification for the spending is security and accountability, then they get exploited and money goes missing anyway. The interbank settlements can be done with direct LN channels so they can choose how often to settle on chain but all accounts everywhere are still updated instantly. Even doing it daily is still faster than how they do it now and infinitely cheaper. As in a few dollars vs 1% of GDP.

>>52625577
tech·nol·o·gy
/tekˈnäləjē/

noun
the application of scientific knowledge for practical purposes, especially in industry.
"advances in computer technology"
machinery and equipment developed from the application of scientific knowledge.
"it will reduce the industry's ability to spend money on new technology"
the branch of knowledge dealing with engineering or applied sciences.

You can call software a hippo if you want, it's still technology. Scientific knowledge applied to practical purposes.

>>52625646
>They already do spend mind boggling amounts to do that.
Do they now? Alright, pull up a financial statement from a bank and show me how much money they spend to send bits of data around.

>>52625701
In 2018 in Iceland the national interbank settlement agency made 1% of GDP in pure profit from fees charged to each bank. That's only servicing the local banks, not counting the cost of the international settlement layers.
https://rb.is/en/
Why would this surprise you? Did you think the millions of bank employees didn't get paid? They're all useless and it's all retarded.

>>52625798
You seem confused. I'm not talking about profits, I'm talking about costs. Do you think that all those bank employees sit around sending strings of data from one database to another?

>>52625829
>Do you think that all those bank employees sit around sending strings of data from one database to another?
That's your description of the process. All the interbank settlement layer does is settle payments between the local banks. The salaries and the profits are paid for by fees I pay to the bank when I transact and the bank pays to rb. Pure PROFITS are 1% of GDP. Around 35 million a year in profits for servicing 300k people. This is considered a relatively efficient banking system.

>>52625876
I'm sorry, I give up. Talking to you is a waste of time. I suggest you look into the banking business to see what they actually spend money on.

>>52625921
I gave you an actual example of where my actual money goes. A verifiable fact about how inefficient the current banking system is and how little it needs to save tens of millions just in my small local case
You spouted dumb memes and pretended that's better than referencing verifiable reality. I suggest you begin with the absolute basics of thinking, grade school logic.

>>52624992
I haven’t bought crypto since 2017. The fact that you tell me to skim through white papers that even NFT projects tend to write up for their projects says it all, when I see the tech on my phone and PC I’ll rethink it but so far there is no reason for most of these coins to have a trillion plus dollar marketcap.

>>52613073
>muh crypto winter is coming

>>52613356
this.