/biz/ - Business & Finance

>>54606424
back to derivatives and stocks it is

>>54606424
The blockchains would continue to function as normal. Funny how that works isn't it?

redpill finance is immune to ((them))

>>54606424
move to el salvador/dubai/southeast asia I guess.

already might do this regardless because of the insane taxes in the USA and the poor quality of women these days but an outright ban would make me be on the next possible flight

>>54606424
Imagine alienated hundreds of thousands of some of the smartest people on the planet actually trying to help you roll over the currency without violent revolt, as has been the de facto method for 5000 years with the only caveat is that the board is made fair.

Personally I'm going innawoods as I've read enough to know how it ends, but i expect no less than rickshaw drone swarms carrying pipe bombs for those stupid enough to stay on the asphault of a slave combine

>>54606424
Then crypto wins.

Then Bitcoin and similars like Monero actually have a reason to exist, to circumvent centralized authoritarian restrictions. Ironically, this is when it will become practically worthless to the majority of posters on this board, and /biz/ will shift away from being a crypto board as most will find it too difficult/dangerous to continue participating in an illegal market. Not to mention that total bans on crypto in the U.S. aka the only country that matters, will destroy the crypto gambling market forever. It's over.

/biz/ may even die, who knows. Or maybe there will be a renaissance of actual business discussion on here.

>>54606424
their shitcoins will be worth 0 which will happen

>>54606506
>Ironically, this is when it will become practically worthless to the majority of posters on this board, and /biz/ will shift away from being a crypto board as most will find it too difficult/dangerous to continue participating in an illegal market.
This is my main point. People here just want crypto to increase in USD terms and then sell it, but what happens when crypto starts to actually become threatening and the fiat on/off ramps are rugged?
It's fine to still have your coins but what are you going to do with them after their monetary value has dumped?

Come and take it, pussy.

>>54606544
>after their monetary value has dumped
Not to mention no companies in the US accepting them as payment directly.

>>54606424
Who cares about some old bureaucrat fags say it's legal or not, people will still trade as long as is "profitable"

>>54606424
then I move

>>54606580
Also XMR would moon

>>54606575
Ok go to jail then. Kek baggie..

>>54606544
>after their monetary value has dumped
you're beyond naive or a newfag
especially when using "their" value, as if there were multiple truly valuable crypto

crypto will inevitably make the west illegal
then what?

>>54606544
It seems like if you could plot it on a chart there would be a moment of peak value where it hasn’t been banned but is being massively used to dump USD out of inflation concerns. I think it would be interesting to see if the US would simply steal all that value by banning it to “fight inflation” poof there goes those printed USD

>>54606609
Kys glowie
You'll burn in hell when uou die btw. Have fun

because making pot and any other drug totally stopped people from using them...

We don’t need to reinvent the wheel, nerds

>>54606635
>especially when using "their" value, as if there were multiple truly valuable crypto
Having a monetary value and being "valuable" are two different things retard. He was just saying, what if you can no longer swap your crypto for currency?

>>54606424
Then Craig Wright will be happy.

>>54606609
Imagine being a compliant cuck citizen your whole life, kek. Imagine obeying laws designed to keep you down, imagine not having a will of your own to live according to your own morals because some old aristocrat fags made some rules and called it democracy but they only want to preserve their own power and heritage and fuck children

>>54606487
unironically this

>>54607122
Imagine thinking you're free and have a will of your own

>>54607163
Imagine thinking you don't

>>54607190
you don't. Everything is predestined

>>54607200
Imagine thinking human life predestined is like in Oedipus Rex

>>54606424
it is immoral to comply with unjust laws anon

Doesn’t this just mean we don’t have to pay taxes on our earnings? I think this would be counterproductive

>>54607190
So when they ban crypto, what is your plan... protest? kek

>>54607255
Consider what options do I have, what else? I'll trade in Bitzlato if I must. Though protesting sounds nice, kek

So many naive people here lol. No wonder this is probably mainly zoomers board now who have little life experience and understanding of how the world and great world powers do things. The OP has a point, its only a time question until crypto is fucked with laws. Have you ever heard of CBDC you stupid fucks? Anything other than that and you are looking at getting prosecuted. That's it. They do this and it's over for most. But sure, the 4chan is full of heroes who will keep on using "it" no matter what. This is the last crypto bull and there is a big question if there will be even a proper one as recession and inflation is about to fuck everything up

>>54606424
God willing, by then I will already be livin comfy overseas

>>54606487
if you know, you know

>>54606424
you cant ban the unbannable like crv tweeted recently their dao couldn't rug the liquidity even if they wanted to

>>54607255
>So when they ban crypto, what is your plan... protest? kek

Move to crypto friendly jurisdiction.

>>54606424
simple, just move east, north or south.

>>54607779
Thanks doc

>>54606424
Can't make crypto illegal when Sora is literally a crypto bank and they're making their own card and all, that would be nonsense

>>54606424
I told myself this in 2012 and fudded myself out of btc. This is peak midwitery

US will desperately need CBDC's to stay relevant. Outlawing it would only accelerate the capital flight. Plus with millions of crypto users they don't have the resources to track and prosecute everybody

>>54606487
Do you know any good countries in SEA to cash out easy? I know Singapore has a lot of crypto companies

>>54607304
>Bitzlato
hasnt that been seized

>>54606424
The CIA built and, to extent it still needs it, maintains Bitcoin. It is a government project that serves the need of the elite during a transitional period. There are ((33)) halvings between 2008 and 2140.

>>54606424
Then, just get on cryptos with decentralized identities, rights, and assets and transact with people in other regions.

>>54607304
There are still around, I'll have to look it up again, tho, though other great cryptos like ZEC, ORE, and AVAX are commendable.

>>54606587
XMR, ZEC, ORE, AVAX, and NEO, are good options, but we are having a discussion here.

>>54606975
Try moving 1m usd worth of gold across any national border, fuck try just driving around with it.

Gold is great in small quantities, as a small bargaining chip. Not great for moving wealth around. BTC has plenty of counterparties willing to accept your coin and then you can buy other nice assets like real estate once you leave the evolving hellscape, AND you can transport it entirely in your head or on a piece of paper if you are good at obfuscation.

Crypto is not a reinventing of the wheel, in your metaphor it is the invention of the airplane.

>>54606424
Crypto fags then leave the country in droves. Which is a net positive for everyone involved.

>>54607074
you can't prevent to swap something retard
imagine if they banned swaping meth for dollar lmao

>>54606424
If by the west you mean America then maybe. The rest of the world is embracing it.

>>54607122

This is exactly how nazi Germany and the USSR progressed.

Millions of low IQ butt hurts believing the government is their savior and will help them avenge their feelings against those who they find offebsive

>>54606424
They can’t, this is why they are desperately grasping at straws. Their walled garden is dying and this is its death throes. https://en.wikipedia.org/wiki/Bernstein_v._United_States

Monero users will increase

>>54606424
The west will inevitably hang faggots
What will op do then?

>>54606424
No, it won’t. Between the East and west is a series of continuum, where there’s totalitarianism, totalitarianism mixed with capitalism, socialism, and free market (mixed free market with oligarch with kleptocracy).

>>54612553
Brain worms

>>54606424
cant out of USD or you will lose social security, a massive loss, you are trapped american citizen

>>54606424
Math cant be illegal and if they make it illegal cus of taxes then just launder it tax it as legit money

>>54608738
Thailand has two crypto exchanges that are pretty easy to on/off ramp. Singapore is not crypto friendly, with the exception of DBS Bank. My company launched the first Bitcoin ATM in Singapore years ago and we had to shut it down to stringent KYC rules.

>>54612209
>>54612209
You don't need to move gold across borders. You just need vaults to join a network, use a common unit of account (i.e. a gold token), and become interoperable. Then, tokens can be issued on top of that infrastructure and be redeemable globally.

Check out my company, GramChain, which solves the trust problem in gold. We're currently working with Chainlink and the first to use their PoR for physical gold storage.

Basically vault operators use GramChain tech to upload bullion data (weight, parcel numbers, photos etc) to a public chain and that gets validated by Chainlink oracles in real time. Once other metals players like refiners, dealers, vaults, etc. join the network, almost everyone will be able to conduct business in gold tokens, as opposed to fiat.

>>54606455
like anyone gives a shit about that, they only buy crypto because of the hope that price go up. If western governments announce they're going to block all exits this shit will drop back to the pennies from where it came.

>>54607385
By the time they ban crypto they’ll have become totally illegitimate and the ban won’t carry any weight except with the mindless cattle who still watch the news and get covid booster shots. at this point a US ban on crypto would unironically be one of the best things a crypto holder could ask for.

>>54606424
They won't, they'll talk about it because they want to keep the normies away from investing but banning it isn't going to happen and in a multi-polar world the idea is even more absurd.
Never forget that the current and many of the previous establishment are gangsters, not in an esoteric sense but Italians, Jewish and Irish who are now politicians were literally the organised crime families during prohibition. When you come to terms with this then everything else makes a lot more sense.

>>54606424
then america will have a police state before 2030 and collapse before 2040

I submit that absolutely no one who believes a government in the developed world can put Bitcoin holders at an economic disadvantage compared to fiat users has ever written a single transaction onto the blockchain. Not a single person. Because if you're intelligent enough to intentionally write your own transaction to the ledger, then there's no way you could possibly miss the implications of what you're looking at. It's like knowing that 1+2=3 without knowing 2+1=3. It's the same. If your bitcoin is just a number behind a password, why would you worry about confiscation? Your alternative is a fucking HOUSE. Or a bank deposit. Or gold. All of which are routinely stolen by governments all the time. You're going to opt for these because you're worried ahout your password being stolen? Please, think about this for at least ten minutes before fearmongering about a government ban. Don't even ask the question. You're asking the question without even trying to figure out what the answer might be. Use your brain.

>>54612932
You. Show me a transaction that you've written onto the Bitcoin blockchain. It's public data. Show me that you've sent some amount of sats anywhere at some point at time. You can't. You've never even TRIED the thing that you think you know something about. You're like a person who doesn't know how to read telling me that the alphabet doesn't work.

>>54606424
At that point LINK has won so i dont care

>>54606424
forex with leverage, st*cks on the longer term

>>54615529
This anon understands

>>54612346
They can ban crypto exchanges dumbfuck.

>>54615633
nothing to worry about as long as the police state isn't deployed.
also really interesting that you chose meth for an example, disgusting fixer redneck

The global money changers will literally never allow governments to adopt crypto beyond CBDCs because then they wouldn't be able to profit from lending to governments. And, governments fucking love to borrow, especially governments already controlled by globohomo. Yes, we, collectively, can decide to use Bitcoin or whatever as a medium of exchange but this is so incredibly unlikely in a world where people don't understand money vs. currency that it might as well be science fiction.
https://www.youtube.com/watch?v=utTMZBgYKuE

>>54615686

>>54606424
Nothing. They won't cancel Swiss banking. But you already knew that, right?

>>54606424
that's not true i literally just used cumrocket to buy gas for my car
>IT'S SO MUCH BETTER THAN FIAT
IT'S SO MUCH BETTER THAN FIAT
>IT'S SO MUCH BETTER THAN FIAT
IT'S SO MUCH BETTER THAN FIAT
>IT'S SO MUCH BETTER THAN FIAT
IT'S SO MUCH BETTER THAN FIAT
>IT'S SO MUCH BETTER THAN FIAT
IT'S SO MUCH BETTER THAN FIAT
>IT'S SO MUCH BETTER THAN FIAT
IT'S SO MUCH BETTER THAN FIAT
>IT'S SO MUCH BETTER THAN FIAT
IT'S SO MUCH BETTER THAN FIAT
>IT'S SO MUCH BETTER THAN FIAT

>>54615633
so what retard, you think that will prevent people to exchange crypto when the dollar is zero? lmao

>>54615686
>also really interesting that you chose meth for an example, disgusting fixer redneck
I did not... maybe you're the inbred.

I will continue to buy gold, then if I ever need to cross borders I will liquidate my gold into liquid CSGO skins like vanilla knives, cross borders, then install steam in my new country and convert the knives back into gold (real money) (no crypto required, don’t need to buy any magic internet coins)

>>54615808
>If western governments announce they're going to block all exits this shit will drop back to the pennies from where it came.

>>54606424
This will occur over the next 5-7 years
- Ripple loses XRP case
- all crypto are securities
- int'l law follows US (((SEC)))
- CBDC introduced
- BTC off ramps (exchanges) don't allow fiat to BTC because of the environment

Basically at that point I hope anons hold PMs. All crypto is controlled by TPTB

>>54615830
>let's just ignore bitcoin, it will cancel the devaluation of the dollar
kek

>>54612902
Very nice anon

monero will still work

>>54606424
then you buy xmr and trade or use railgun based apps and no one can see your address or transactions.

>>54606587
Based.

>>54606587
ZEC and RAIL too.

>>54606424
El Salvador becomes world power and west becomes new 3rd world€

>>54606424
How would you make a 1trillion dorrah market illegal?

>>54606975
If that ever happens, then it would have accomplished its purpose and would be no longer needed.

>>54612902
That's fucking retarded, it requires that the users trust the validators, and it requires that users trust that gold will be handed over when they cash out.
You might as well just issue a gold-backed IOUs in a federated manner.
KYS retard.

>>54606494
yep, the talented tenth would gladly watch the system collapse than prop it up as a slave class. Galting alone more or less means cbdc is dead on arrival. I'd think about leaving for sure.

>>54608738
seems like Thailand/Philippines/Bali (indonesia) are all options. a lot of crypto people seem to recommend Bali as crypto friendly.

>>54615742
Governments and Jews already NEED to buy Bitcoin if they want to stay solvent. They absolutely will not survive if they try to resist. They're on defense now. We're winning.

>>54606424
Y'all can go with the west, I'll stick with Defi and privacy.

>>54606487
kek this

>>54606424
The made piracy illegal too. As we all know it's completely gone now.
Don't worry about what's legal, worry about zoomeroids not seeding torrents anymore because we failed at raising them in our culture and capeshit raised them as goyim cattle instead. Crypto will only fail if people abandon it, it's a battle for hearts and minds not legislation

>>54606487
This is the back up plan for anyone holding large amounts of bitcoin and this is one reason why the West won't ban it. It'll reveal their motives, not a good look. The central planners curse Satoshi every night, haha. But if the West did ban bitcoin then the price would unironically moon.

>>54606587
All privacy and privacy related alts especially those exploring ZKPs will moon.

>>54606424
Simple. Use cryptos with decentralized identities and rights.

>>54607074
>what if you can no longer swap your crypto for currency?
This is their endgame with the CBDCs but as it stands, its only going to push more crypto adoption and high demand for onchain privacy.

>>54606455
Blockchain privacy will be used to the utmost, you'd do whatever you want, fuck the govt. Cryptos with IDs that are protected and decentralized assets are taking the fore.

>>54607074
You can't swap your currency for drugs either. They're still sold. Unfortunately crypto onboarding is eventually going to be no different from drug dealing. But at that point the state would be so totalitarian and everyone would be so desperate for financial freedom that crypto will still be popular

>>54606587
Well, this will be a special occasion for ORE protocol, and OASIS as well.

>>54623146
Privacy is not illegal, some jeet platform run by scams were just snuffed out. Have you seen the based privacy tech in crypto currently? we are winning this. ZKPs, TEES and more to come.

>>54606644
Fuck the govt and the fiat, cryptos with IDs and assets that are decentralized will be their undoing.

>>54606424
It's already illegal in Russia and China.

The West will ultimately catch up and either apply it's securities regulation to crypto or ban it completly.

>>54623187
99% of crypto transactions are made on CEX.

>>54606499
As always. Crypto isn't going away it is evolving and outwitting the govt and its dumb regulations Privacy, programming cryptos, cryptos that connects users' assets and rights across different blockchains.

>>54623284
Err. The russian central bank has allowed crypto to be a medium of payment for oil. Look it up

>>54613371
This guys knows the absolute fundamentals a currency is based on. Ability to opt in.
And that's not one of the legacy finalcial syatems strengths at all. Fucking ciclejerk of walled garden gatekeepers, bootlickers, slavers and warmongering pedophile satanists and their ilk.

>>54623755
https://www.coindesk.com/policy/2022/07/15/vladimir-putin-bans-digital-payments-in-russia/

>>54606424
Then you get into privacy niches, a few good ones around, RAILGUN, MONERO, OASIS, etc.

>>54623262
Accurate, the ZK-Snark blockchain tech is awesome. Some good protocols making use of it are doing pretty great.

>>54623291
True, but assets shouldn't be stored there, and I understand what you mean. Privacy ecosystems should get anons away from government track down and invasion.

>>54612420
Nazi Germany suceeded in that, no? If they really did kill that many slavs and jews.

>>54608738
Thailand and Cambodia

>>54606449
No bizfag, I'd rather stick to my earnings on Crypto through the LM pools for ETH/SYLO on Uniswap or staking rewards for ATOM on Keplr

>>54606499
Then I'd bet to DiD and AI narratives and go to sleep.

>>54624673
Privacy and ID management protocol is the way out.

>>54611483
Pushing towards cross chain interoperability, my top priority.

>>54611505
Good picks. Sold all my LINK for ORE, same web3 and low cap.

>>54606424
We gamble everything we have on $PARTY and hope for the best
You're talking like illegal things ever stopped people from investing

>>54606424
It won't stop me from playing the TCG of Goons of Balatroon