/biz/ - Business & Finance

crypto is relady mainstreem

>the future will be like the past

Not a bet I'd make given the acceleration of change because of technological evolution

>>6974859
Hey look daddy another cyberpunk who thinks the world will become a complete anarchist’s playground in the next 2 years!

>>6974859
>nocoiner
kek fuck off

>>6974859
thanks, sold 100k

>>6974910
You fucking faggot probably never even heard of crypto let alone Ancaps one year ago. Things are changing fast boomer.

>>6974859
except when crypto goes under national regulations. then you are fucked. not with privacy coins.

>>6974910
Huh? This is pretty much the opposite of what I'm saying.

>>6974859
Okay, if you don't like it you don't have to be here. Go be normie somewhere else.

>>6974859
>muh 80 trillion USD shitcoin marketcap

>>6975187
I'm just trying to help people here shed their delusions and think sensibly about cryptocurrency trading. You have to treat this market as a house of cards that could come crashing down at any moment rather than a long term investment. Make your money and get out ASAP, otherwise you'll most likely get caught bagholding and unable to cash out when SHTF.

>>6975302
how will you cash out your usd when their is a hyper - inflation?

you do realize they have already printed enough money that if it all returns to the US it will buy everything that isn't nailed down, right?

>>6975302


and then, right then and there, when the value of crypto has gona down to zero and bitcoin is worth fractions to the usd

I will buy

I will buy it all

>Hold 100 XMR
>XMR goes to 1000$ per coin
>Government ban comes in
>Can't cash out
>Forced to spend 100k on the black market

What do I buy lads?

>>6975302
Cash out into what?

USD?

BAHAHAHA fucking kek.

40 year old virgin no coiner detected

In all seriousness though, only a non-technical retard would see absolutely no future in cryptocurrencies

yeah, there's a ton of shit that's overvalued, but to completely dismiss the technology behind crypto you'd have to be as stubborn as the people who thought the internet wasn't a good idea at all

>>6974859
Imagine being this much of a brainlet.

Its not about people caring about blockchain, people dont have a clue whats good for them. Its about business saving billions of dollars and visionaries building a true sharing economy.

Enjoy your 18k loser.

>>6974859
really made me think.

>>6975349
I don't have the time or interest to debunk your libertardian conspiracy economics, but thanks for the laugh.

>>6975349
youve lost all credibility. You are Stupid. Shut up now

>>6975395
Murder?

>>6975302
Most crypto currencies cant be inflated though. That's why I like them. Fuck the government controlling the value of our money.

>>6975418
As I said, there is a future for blockchain technology. Mastercard is already experimenting with it.

>>6975125
LOL all I saw was the XMR then tldr your post. I disagree crypto is not going anywhere

>>6974859

Nice this is exactly what i posted last night but without insults

good job

>>6975519
>government controlling the value of money
>implying it isn't the banks

>>6975544
Fuck the government controlling the value of our money.

Cuck.

The masses (normies) like money.

When they see that their shitty USD can't buy them the things it used to due to inflation, and internet nerds are making millions, they'll fucking coming running.

And newflash, it's already happening right onw.

This image board is full of fucking brainlets its unreal. Funny part is even if you're holding 10K of top cryptos today, you're gonna be a millionaire.

>>6975522

>muh centralized company is going to implement decentralized methods FOR THE PEOPLE

hahahaha, that's a good one. let me know when the Mastercard ICO hits the scene. I'm gonna be comfy with my ADA.

I've actually been hoping for a huge crash so that I can buy more.

All new ICOs, for example, stink of dumb money.

>>6975349
>>6975408
>>6975418

Lol cryptocurrency is SHIT and speculative shit

IOTA? yeah i want my toilet to make transactions for sure


Fucking piece of shit idiots with your anarchism shit " muhh descentralization""

yeah sure keep dreaming about taking over banks you piece of autist shit

stupid communists

>>6975602

All I'm reading is "I don't know how this technology works and I'm angry that I don't understand something that's making people a lot of money"

there's a bunch of shit cryptocurriencies, but there's even more dumb fucking people

we don't want to take over the banks you fucking idiot, BANKS DON'T NEED TO EXIST

>>6975596

>He thinks that someone besides him and his two virgin friends from Canada and Slovenia cares about Descentralization


KEK you are a joke

nobody cares about what banks do with our money you idiot, your "descentralization" wet dream is nothing more but shit and now people is speculating with the market to make even more fiat the coin you so hate


Fucking piece of stupid communist shit

>>6975601
The people don't give a damn and never will. Private blockchains will make international money transfer cheaper for payment services and banks. It has nothing to do with decentralization.

bro what are you saying, we have a fucking hashtag with millions of views, we're mainstream as fuck

>>6975601
You don't get it faggot, master card can easy spend 100 million or whatever to develope there own block chain.

Why would they want to buy faggot coins.

>>6974859

Venezuela begs to differ. Kill yourself

>>6975666

>BANKS DON'T NEED TO EXIST

Don't you have some 12yr old game to play on steam or you have already played all of them?

>>6974859
>Cryptocurrencies have no technical or practical advantages

How about the fact that it's all online and has much better security? Stupid fuck

>>6975682
>nobody cares about what banks do with our money you idiot

>>6975728

My sides haaaa venezuela is a SHITHOLE and they deserve to fucking starve because they choose socialism for like 15 years


Fuck venezuela

>>6975577
Either way the point is bitcoin and friends has intrinsic value because they're finite.
It's the convenience of cash with the security of gold and the anonymity of the internet. Or it will be soon anyway.

>>6975757

Besides you and your virgin friend from China}

No, 90% of people doesn't know how the financial system works and neither they want to know

Stupid piece of shit keep jerking off with your communist fantasy

>>6974859
I'll tell you the reason why everybody doesn't go to i2p, freenet, tor etc etc

It's because of accessibility. It is hard for the average normie to understand and get into these things. They just want a simple, easy, system. The best way for crypto to go mainstream is to make it idiot proof as much as possible and as simple as possible. once that is achieved, you can bet your bottom dollar that there will be adoption.

>>6975720
>>6975699

You think that the blockchain is the only good thing to come out of cryptocurrencies? It's like you don't even know why Ethereum is considered a 2nd generation cryptocurrency.

>>6975732

Don't you have a lawn to mow? Depending on where you are it might be past your bedtime, grandpa

>>6975809

>b-but visa is hiring blockchain engineers! they must be really interested in crypto!!1

my sides dude, thanks i love to laugh at retarded people like you

>>6975797
>communist fantasy

How the fuck is DEcentralization a communistic goal?

Goddamn do you think before you spew this drivel?

>>6975602
>stupid communists
Crypto has proven the fact that communism is dead. You'd have to completely do away with computers for communism to thrive.

>>6975859

your reading comprehension is unsurprisingly terrible. never did I say I was interested in VISA engineers making cryptocuckery

hey have fun, I'm gonna go do something productive.

>>6974859
>Ask yourself, why is Facebook's user base orders of magnitude larger than decentralized networks like i2p, freenet, and zeronet combined?
A handful of privacy protocols don't represent the entirely of decentralization. What about BitTorrent? That's pretty huge - it takes up a decent amount of total internet traffic worldwide.

>>6975883

You don't know shit about communism and leninism right? Fucking piece of shit

go jerk off somewhere else

>>6975920

I said that because all you fags promoting crypto tech as it was the future are saying stupid things like that

Yeah go play some steam games before going to school tomorrow

>>6975941
You're a fucking retard. The crypto economy is the epitome of unregulated free market capitalism. How many chromosomes do you need to have to think that it's communistic? LMFAO

>>6974859
>He can't see neo-china approaching him from the future

>>6975734
Oh yes, much better security. If your credit card info gets stolen and used for a shopping spree, you call up the company, they reverse the transactions and send you a new card. If a hacker breaks into your phone or computer and steals your wallet.dat file, your funds are permanently lost. This may not be a problem for paranoid crypto-nerds with a high level of security knowledge, but for normies it's a catastrophe waiting to happen.

>>6975809
>Ethereum

Smart contracts are a novelty.

>>6975958
Tomorrow is Saturday you know absolutely nothing.

>>6976121
Also, solidity is the worst language I've ever worked with, and Vitalik is a pedo. Fuck thereum.

>>6975577
How do the banks control the value of money? You think Yelen and Draghi are not government?

>>6976050

It was the dream of satoshiwhatever it is called


and it is the wet dream of a couple of idiots around here


Maybe i hurt your comunnist kokoro?

Fucking piece of shit

>>6976171

then go wagecuck in waltmart while dreaming about revolution because thats probably all you can do with your low IQ

piece of useless shit

>>6974895
fucking this. lol @ the myopic fudder.

>>6976232
>satoshiwhatever it is called
Oh yes, yes, I can clearly see you know what you're talking about for sure!

Your extra chromosomes are showing, retard

>>6975794
>Either way the point is bitcoin and friends has intrinsic value because they're finite
By that logic my farts have intrinsic value too. They are also finite

>>6976211
first off, we have a new federal reserve chair. second, the federal reserve is literally not part of the government.

it's literally a private corporation mostly run by banks. the government has some (insignificant) amount of control, like appointing the chairperson, mostly to keep people from realizing it.

not even joking. look it up m8.

>>6976313

did i hurt your anarcho feelings?

Piece of useless shit, you are probably also a nigger

>>6976255
I'm guessing you are some Communist Chinese who lives in a closet with a toilet and gets paid 10 yuan per hour to sit at a desk and FUD crypto all day by calling it Communist when it is the exact opposite.

>>6976232
Let me explain in normie so you can understand.
I'm sure at some point as a kid you watched the claymation Jack Frost.

If you remember fucking Kubla Kraus taxed everyone to the point of having no money. So you remember what the fuck the town's people did? They created their own currency.

The fact that organized crime is slowly moving into Monero is reason I hold.

A few months ago my buddy was playing an underground poker game overseas (I'm not going to say where) and the mob that ran the joint charged in Bitcoin.

Slowly the darknet is moving to monero and crime families will follow suit. That's the most realistic use case out of most of these 'currencies' that have ZERO need for the coin aspect of their technology.

>>6976421

HAHAHAHAHAHHA so i was right

HE DOES THINK IN MONETARY REVOLUTION
}
KEKKKKK what a fucking piece of useless shit you are

"Th-the currency of the people""

my sides dude, thanks

>>6974859
>Central banking and the current fiat money system is nothing but a natural ponzi scheme teetering on the edge of collapse.
FTFY

>>6976447
This guy gets it.

>>6975757
You highly Underestimate how stupid the average shabbos goy is. Maybe like 10% of the population understands that banks take their money and then lend it out to others for interest. Even fewer understand how the Fed works. As long as they have their nigger ball and celebrities they won’t gice a shit.

Imagine a virgin living with his parents that owns 0.3 BTC and thinks about monetary revolution while serves as a cashier in walmart

What a fucking joke dude

>>6976365
Wow you sure are salty. Why are you incapable of explaining how the crypto market is communistic? Only a low-IQ nigger can't explain his position and tries to hide behind name-calling when he's called out for his low-IQ nigger behavior.

>>6976517
imagine a sexually frustrated 28 year old software developer who spends his friday nights fudding on /biz/ because he knew about btc back in 2010 but was too much of a good goy to buy in.

lol i bet you describe yourself as a "skeptic" in conversation too.

>>6976473
Nice try let me guess you give some of your profits back to the motherland? Worship the holy shekel some more

>>6974859
>it's the only one that solves the privacy problem

Monero is built on top of the, CryptoNote application layer protocol. Bytecoin was the first to be released, in 2012. I agree, most coins will never be used, except, for, speculation. Only privacy-coins, and DAGchain coins, will be in the future.

>>6976519

are you calling me a nigger you pice of useless shit? keep dreaming about sucking marx dick while owning monero
you well know that satoshi wet dream was fucking over banks and make a descentralized shit and it is totally over you pice of nigger delusional fuck

>>6976560

>tries to proyect himself with every detail into another person

Uh uh i hitted the nail right? you own 0.3 BTC and dream about taking over banks?

kek please you are making my night

>>6976692
what reason could i possibly have for wanting to tell you how much i'm holding? whatever i say you'd just claim it's bullshit.

i can tell you that i've been invested in digital assets for about 3 years now, and they've been good to me... that being said, i have a stable job with good pay and benefits.

something tells me that my analysis of you wasn't too far off though.

> i have a stable job with good pay and benefits.

>>6976823
>>6976900

Do your walmart boss let you check on blockfolio to see how your 0.3 BTC are going?

>>6976900
if imagining that i work at wal-mart is making your night, then go right ahead and fantasize :^)

>>6976326
>the federal reserve is literally not part of the government.

>Monopoly on the creation of money and interest rates given by the government
>Chair appointed by the president

Would be like claiming ministry of defense is not the government.

>>6976979
>t. didn't look it up
you probably think Federal Express is a government agency too lol

You morons seem to think that marxists, libertarians, and anarchists cannot want crypto for the same fucking reasons.

READ the stuff about money in Capital, Vol. 1. Marx argues that as capitalism progresses the movement of capital will aim to be ever more efficient. I'm not going to shill coins that do this better than anything in our centralized system, but this shit is coming. Maybe all these coins will die but marxists are just as down with decentralized, unregulated currency as the most virulent free market capitalist. Don't forget that Engels was a very wealthy factory owner and capitalist and bankrolled Marx.

Furthermore--and here is where I'm going to make all the 17 year old libertarians screech--marxism and libertarianism are NOT diametrically opposed. Something like socialism IS, but socialism=/=marxism. Socialism takes wealth from others and redistributes it through social services and the like. Marxism's central premise is that value is generated by material labor power and the workers that generate this value are only getting a fraction of the surplus value generated. Value doesn't arise out of thin air. It's CREATED by human TIME and effort. If you believe people should be paid according to the actual value created according to each individual's time and effort then you are in essence a marxist. The question in the late 20th/early 21st century is how we measure such things. We aren't factory workers any more.

>>6976514
>>Maybe like 10% of the population understands that banks take their money and then lend it out to others for interest

man you are being generous, I doubt it is less more then 3 %, and half of them understand cuz they are making money of it.

>>6975770
>The absolute state of boomers

>>6977010
The nomenclature is irrelevant, if the government gives you a monopoly and they can decide who leads you, you are de-facto a public entity.

>“Why Bitcoin can’t be a currency” – The Underground Economist | $0.23
>“Why bitcoin will fail” – Apenwarr | $3.12
>“So, That’s the End of Bitcoin Then” – Forbes | $15.15
>“Why Bitcoin Will Fail as a Currency” – The Calculating Investor | $14.01
>“The Bitcoin Is Dying. Whatever.” – Gizmodo Australia | $10.95
>“The Rise and Fall of Bitcoin” – Wired | $2.37
>“Wired, Tired, Expired for 2012: EXPIRED – Bitcoin” – Wired | $13.30
>“Beware of This Insidious New Currency Scam” – Salon | $117.06
>“Game Over, Bitcoin. Where Is The Next Human-based Digital Currency?” – OUI Share | $122.30
>“Bitcoin Sees the Grim Reaper” – NY Mag | $105.70
>“Why Bitcoin will fail” – DailyPaul.com | $105.39
>“The SEC Shows Why Bitcoin Is Doomed” – Bloomberg View | $93.57
>“Bitcoin Is A Joke” – Business Insider | $433.57
>“Bitcoin Will Crash To $10 By Mid-2014” – Business Insider | $887.63
>“An early obituary for bitcoin” – Reuters | $821.79
>"Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another” – The Washington Post | $182.00
>“Is this the end of Bitcoin?” – BizNews.com | $228.07
>“Was 2014 The Death March for Bitcoin?” – PYMNTS.com | $315.81
>“Bitcoin is (Nearly) All Dead” – Acton | $325.60
>“Why Bitcoin’s male domination will be its downfall” – Fusion | $235.13
>“Why Apple Pay And Dollars Are Killing Bitcoin” – Forbes | $233.01
>“Performing an Autopsy on the Bitcoin” – The Street | $409.05

>>6977162
>>6974859
pt 2
>“Sorry, libertarians: Your dream of a Bitcoin paradise is officially dead and gone” – Salon | $637.77
>“Dumb Investment Of The Week: Bitcoin Investment Trust” – Seeking Alpha | $408.3
>“R.I.P. Bitcoin. It’s time to move on.” – Washington Post | $382.00
>“Bitcoin Refuses to Just Die Already” – Gizomdo | $1185.01
>“Bitcoin passes $1,000 but only number that matters is zero” – Financial Times | $1034.34
>“Bitcoin is a bubble. It will burst on Monday 12 December 2016” – Linkdin | $771.23
>“The Bitcoin Bros Have Lost” – Deal Breaker | $577.58
>“Bitcoins – Are You Kidding Me?” – Seeking Alpha | $1938.7
>“Bitcoin will never be a financial mainstay” – Finance Feeds | $1,184.47
>“What is a Good Price For Bitcoin and Other Cryptocurrencies? Zero.” – Jonathan Harris | $2262.83
>"Stay away from bitcoin — it’s complete garbage” – MarketWatch | $2345.56
>״Why Investors Should Ignore the Cryptocurrency Hype״ – Investopedia | $2,594.21
>“Bitcoin Just Surged Over $4000 and Is Near Biggest Financial Crash in 400 Years” – The Street | $4061.54
>“Gartman: Avoid the bitcoin boom” – CNBC | $4,046.99
>“A Bitcoin Is Worth $4,000–Why You Probably Should Not Own One” – Forbes | $4,179.97
>“Bitcoin’s price hit $5,000 last week. It’s still a dumb investment” – LATimes | $4,363.02
>“Why China Crushed Bitcoin” – Forbes | $4,450.15
>“Virtual Currencies are Not Money!” – Linkedin | $5,943.06
>“Jamie Dimon says if you’re ‘stupid’ enough to buy bitcoin, you’ll pay the price one day” – CNBC | $5,128.05
>“Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says” – Bloomberg | $9,972.67
>“Time to sell your Bitcoins: Cryptocurrencies success a bubble, Central bankers around the world warn” – Financial Express | $9,096.37

>>6974859
Brisbane airport in Australia is rolling out becoming completely crypto friendly. Btc/dash/monero accepted in every store and able to buy plane tickets with it. In this airport are duty free, mcdonalds,subway and shit loads of restaurants. Just take a moment and think for a second how fucking big that news is. But hey cryptos are dead right? Once monera reaches a market cap where people can safely use it as tether. You have a new way to clean your crypto investment aside from using a tumbler which costs too much plus who wants to use fkn buttcoin anyway

>>6976957

I don't need to fantasize about anything you fucking autistic fuck

you go fantasize about taking over banks stupid pice of normie shit

>>6977216
Link?

>>6974859
I love knowing that there are still people in this world who are this retarded

Thanks for being hope for the rest of us, OP.

>>6977216
Also ethereum i believe, plus 3000 buttcoin atms rolling out across australia this year. Crypto is so dead tho bro dont bother

>>6977021
>If you believe people should be paid according to the actual value created according to each individual's time and effort then you are in essence a marxist

Only marxists believe this though so I don't see how this makes marxism and libertarianism compatible.

People should be paid according to the value they bring to the market, irregardless of time and effort.

>>6974859
Sure. That's why robinhood is adding them.

>>6977146
>the nomenclature is irrelevant
no, it really isn't. it means that the banks set monetary policy in this country, not congress. not the president. not any elected official. same if you live in UK / EU or any non-shithole.

i don't really expect a brainlet like you to understand this, but it's actually really important shit.

>>6977255
http://newsroom.bne.com.au/brisbane-airport-and-travelbybit-launch-world-first-digital-currency-airport-terminal/

Google is your friend..

>>6976473
In 20 years when crypto is widely used just think back to this moment when your lying through your teeth to your grand kids about being an early adopter.

>>6977021
Shill your coins to me. I'm very interested.

>>6974859
we had this thread yesterday :(

>>6977334
Fud.. same faggots that shit on bitcoin 10yrd ago. I used bitcoin to sell things on SR and agora. Now my meme money is real because its suddenly been adapted by normies.. never had a problem cashing out with escrow companies.. ever. Aside from getting robbed a few times with darkweb escrow cunts bailing.

>>6977322

I own cryptocurrencys since 2013 and you don't see me talking about autistic things like that

stupid pice of shit

>>6977162
>>6977192
Most of these articles were not wrong. Bitcoin is still not a usable currency after 9 years, and its future development has been crippled by Blockstream and retarded devs. Despite the growth in price, it's still a bad investment due to its volatility, uncertainty and lack of fundamental value.

>>6977291
Does the president elect the chair, which pretty much dictates the FED's strategy?

Yes

Does the president have capability to change chair in case of them not doing what the president wants?

Yes

Does the FED have a monopoly on money supply and setting interest rates thanks to government?

Yes

So, it doesn't matter how many google and wikipedia links you browse to confirm your bias, the FED is de facto a public entity controlled by the government, the functional differences between the FED and any other public entity are cosmetic at best, but you and millions of brainlets will just look at the label instead of actually trying to figure out if the label matches what they really are.

>>6977397
What the fuck are you spewing out your mouth hole? It follows a predictable pattern each year. If you are so dense you cant history and figure out when to buy and sell then crypto and the stock market isnt for you. In fact if you are usiny crypto for investment you are missing the whole fucking point of crypto currency. Easily transferred money to anyone in the world who has an internet connection. That is it. Pretty fucking simple. If i want to buy something and use crypto to load money then buy straight away i can. No bank fees. (Int. Transfers can be $200 fee incorporated into their exchange rates plus the fuck off crazy rip off exchange rate itself) when western union is a cheaper option you know you are getting fisted.

>>6975395
That's when you spend everything on drugs and sell it on the streets. You didn do nuffin, the gubbment forced this upon you

>>6974859

You're preaching to the deaf and the blind here anon. This board exist as a means to shill. The people most interested in crypto are here as a means to speculate and gamble on real money.

The minute you start talking sensible or suggest that they should have to pay taxes or do anything that would actually legitimize crypto they start calling you commie, kike, slave, and it all revolves around the fear they have that they can't keep cheating the system and cheating bag holders.

>>6977475
the chair is a literal figurehead. IIRC (could be wrong about this though) they can't even vote.

you clearly know nothing of US history or hebraic treachery... we've gone back and forth EIGHT TIMES between not having a central bank and having one. before the federal reserve was founded we went without a central bank for 70 years or something like that, during which time America went from literally-who-tier backwater to a global superpower.

when they founded the federal reserve they were very careful to dress it up in government bullshit to keep people from realizing what it actually was.

>>6977271
>People should be paid according to the value they bring to the market, irregardless of time and effort.

That's not incompatible with what I said. Value is determined by what is brought to the market. What is paid out from that value should be proportional to time and effort.

So if I spend 20hours making some nicnac & sell it on Etsy for $20 after factoring materials, etc, my time and effort is paid $1/hr.

The issue we have now is that we have people who stake their money and set up businesses, or 'innovators' with great ideas that then develop them. The innovator/person who stakes their money gets a disproportionate amount of money in most cases (according to the Marxist, and even according to many so-called capitalists). This latter claim is questionable, and I respect that you may disagree, but if you do, we are not so far off.

>>6977330
As I said above, I hold XMR because of reasons unrelated to my political views, but simply because organized crime is moving in, and drug money is already in. That's a no brainer to me.

I'm also in on XRB. You might think this is for Marxist reasons (according to his theory of monetary circulation) but mainly because I see it as a future arbitrage coin if it can scale properly. High speed arbitrage is already a thing and will be entirely optimized according to free market principles if XRB can carry its promise and exchanges follow suit.

Bitcoin because it's a store of value. This is probably the most echoed claim and maybe you'll think I'm a moron for thinking so too. But that's what it seems to function as in crypto space--analogically though, not homologically. So don't take my claim too seriously.

Finally, ETH. Smart contracts and the platforms being developed within Ethereum could quite literally be the future. I'm at my most speculative here... so be cautious. I'm not a lambo-moon investor. If you want those bets, here are some related projects I would look into: Enigma (ENG), Golem (GNT) -- in that order.

>>6974859
Computers will never break into the mainstream
Why? Nobody cares about storing data, transferring data, or performing computations except a tiny segment of enthusiasts, science nerds, and math losers who hate the very concept of social communication in the first place. Computers have no technical or practical advantages over existing payment systems for a vast majority of people in a vast majority of circumstances.

Ask yourself, why is the postal service's user base orders of magnitude larger than the number of people who would be able to understand how to use a computer in the entire world? Why aren't people throwing fist fulls of cash at these projects which have been around for years if computers are so desirable? The large universities, and governments, are the only entities using computers and this is for specialized projects only, the number of computers would be dwarfed millionfold by the number of typewriters.

The future of computers/internet looks like this. Specialized computers are set up and used within universities connected by a specific network as universities would be the only ones to be able to fund a project such as building a network through government funding in exchange for the government having access to controlling what research is done/access to the data. The ARPANET you've heard about as well as the computers you read about in the paper will never be used by the average man, they solve a non-existent problem. Do you really think the mail service, telephone service, and typewriters can be improved or replaced by this? Not to mention performing calculations. What is wrong with the current system of doing all mathematical computations by hand using tables of values?

>>6977384
Ok. Keep lying to yourself.

>>6977700
>the chair is a literal figurehead. IIRC (could be wrong about this though) they can't even vote.

Since 1930 pretty much they've dictated terms, Alan Greenspan pretty much had the entire board against him and he still got his way.

Nothing of what you said makes it not a governmental entity, saying the FED is not government would be like saying the department of justice is not government, in theory there's separation of powers, in reality though...

anyone in here skeptical of crypto, listen to Andreas Antonopoulos's speeches
https://www.youtube.com/watch?v=LA9A1RyXv9s&list=PLrA7UGOtsc5Y-WMAyZiUixmojLY1UmUR_

>>6977904
>would be like saying the department of justice is not government
it's pretty simple. the DOJ is part of the government, the FED is not. Congress tells the DOJ what to do, they do not tell the FED what to do. The president tells the DOJ what to do. He does not tell the FED what to do... i don't even know why i'm debating this with you, it's not really a controversial point, you're just fucking wrong.

>>6977795

Kek you keep lying to yourself faggot beliving that MUH CRYPTO is going to take over FIAT you autist shit

>>6978034
>i don't even know why i'm debating this with you, it's not really a controversial point, you're just fucking wrong.

You're not really debating cause you haven't provided a single argument to backup your claims other than "look at the label".

You claim that in order to be government congress has to tell you what you do but most public agencies have almost complete autonomy and the only person answering to the president is the chair, like the FED.

I cannot believe there are people who think calling something private makes it so, when the government is giving them a fucking monopoly, how can something be private with a government given monopoly?

>>6974859
> Nobody cares about decentralization/privacy except for a tiny segment of hardcore libertarians, criminals, and communists/anarchists

Not a part of those, but I still want crypto to succeed so that we can have a decentralized store-of-value.

Why?

Ever tried to wire $10,000. My bank called me, said I threw AML alarms, asked for tons of "source of income" documents, and even threatened to freeze the account.

Once, I deposited $2500 in cash, the teller called the bank manager, they pulled me aside and asked me what the deposit was for, asked for ID to check if the account was mine, had me sign a bunch of stuff they just whipped up saying what the deposit was for, etc.

Basically got treated like a terrorist.

Ever run a high-traffic dropshipping business? I was making $500 payments around 4 times a week on Paypal. After a few weeks, they froze the account, saying this behavior was similar to "money laundering", and asked for documents.

Anyone dealing with a decently large sum of money knows how much of a hassle it is to deal with the fiat systems in place (like banks, Paypal, etc.)

I WISH crypto would succeed just so that we can get rid of all of that.

The "moon ride" is just a bonus.

If bitcoin were permanently pegged to the current price, I'd still put my money in it (I'd actually put everything in it, as that scenario removes the volatility).

>>6978162
>most public agencies have almost complete autonomy
no, they don't. Congress can defund the shit out of any of them, unless they're a state agency, in which case the State's congress can.

and has a Fed chair EVER been fired? even once? it's certainly never happened in my lifetime. most of them last for two or three presidential terms and retire with dignity.

you really have no idea how any of this works, do you? do you ever get tired of being stupid?

>>6978162
also, you're the one saying "look at the label"- otherwise i can't possibly fathom how you think there's any parallel in structure between the DOJ and FED... fuck sake, anon.

>>6974859

> Ask yourself, why is Facebook's user base orders of magnitude larger than decentralized networks like i2p, freenet, and zeronet combined? Why aren't people throwing fist fulls of cash at these projects, which have been around for years, if decentralization is so desirable? Even the Tor network with its 4M users (mostly druggies and pedos) is dwarfed by any moderately popular blog.

Crypto has an edge over those decentralized platforms that ONLY offer "privacy and freedom".

It offers GAINSS$$$

Best way to lure everyone into the system.

>A sells X for $XX.XX
>B buys X for $XX.XX
vs
>A sells X for $XX.XX/2 because there's no vertically integrated govt/banking/logistics taking half
>B buys X for $XX.XX/2 because there's no vertically integrated govt/banking/logistics taking half

gee OP I really do wonder if cryptocurrencies will become the norm or not

>>6975395
The world's finest prostitutes and drugs.

>>6978289
Check the figure of Variable Interest Entity of the federal government and please, enlighten everyone as to how the FED differs in any of these points?

>The enterprise with a variable interest or interests that provide the enterprise with a controlling financial interest in a variable interest entity will have both of the following characteristics:

>a. The power to direct the activities of a variable interest entity that most significantly impact the entity's economic performance

>b. The obligation to absorb losses of the entity that could potentially be significant to the variable interest entity or the right to receive benefits from the entity that could potentially be significant to the variable interest entity. (par. 1A)[1]

By all accounts the FED is a public entity, absolutely not independent.

>>6977021
>>>/pol/
tl;dr

>>6978507
a) The Board of Governors of the Federal Reserve System is a federal government agency. The power to appoint its members, chairman, and vice chairman is vested in the president of the United States, with the Senate having a veto power over any appointment.

Check

b) Absolute control over the currency provides them with right to receive benefits and obligation to absorb losses because they stockhold liabilities of the Regional Federal Reserve Banks.

Check

So, by its definition, the FED is a variable interest entity which makes it a public entity irregardless of their label.

Thanks for participating tho.

>>6977397
kys or go back to r.e.d.d.i.t

>>6978507
your use of that term in no way seems correct. at this point you're so wrong you're just throwing out random bullshit you copy pasted and hoping i can't figure it out. like, holy shit dude. are you actual JIDF or something?

http://simplestudies.com/introduction_to_variable_interest_entities_vie.html
http://simplestudies.com/introduction_to_variable_interest_entities_vie.html

>>6974859
If it helps me to buy my own place and quite my shit job then why not.

Also why we can't have both desu.

>>6975395
Some real estate companies accept bitcoin, use xmr.to and buy some apartment. Easy.

>>6974859
This is why I'm all in on Monero, every other coin is a shitcoin that nobody needs. But don't bother explaining that to the retards here. They will learn the hard way.

>>6974859
>Even the Tor network with its 4M users (mostly druggies and pedos) is dwarfed by any moderately popular blog.

Stopped reading there lol

Nope.
When people see bitcoin, they buy it. Why? Lots of reasons. Sorry to let you down, the people have spoken and they want crypto, not just libertarians etc. You sound like a guy from the 1980s screaming about how nobody will adopt computers. Just watch kid.