The witnesses couldn't answer this question so let's see if biz can. >What problem does crypto solve that a bank can't?

File: 404 KB, 582x744, Mrbobo.png [View same] [iqdb] [saucenao] [google]

Anonymous Fri Jul 20 11:46:11 2018 No.10346257 [Reply] [Original]

The witnesses couldn't answer this question so let's see if biz can.

>What problem does crypto solve that a bank can't?

>>	Anonymous Fri Jul 20 11:47:04 2018 No.10346264 >>10346257 The kike problem.

>>	Anonymous Fri Jul 20 11:47:16 2018 No.10346266 >>10346257 A finite amount in circulation.

>>	Anonymous Fri Jul 20 11:47:16 2018 No.10346267 crypto make me rich sir bank not there is answer for you sir

>>	Anonymous Fri Jul 20 11:47:38 2018 No.10346273 >>10346257 TRUSTLESS

>>	Anonymous Fri Jul 20 11:48:22 2018 No.10346281 File: 54 KB, 1200x630, 1514170723193.jpg [View same] [iqdb] [saucenao] [google] we hate that which has center

Anonymous Fri Jul 20 11:48:36 2018 No.10346284 [DELETED]

File: 41 KB, 593x403, jewery.jpg [View same] [iqdb] [saucenao] [google]

Scalable and liquid but insecure (unknown andFor pensions, retirements, etc., any thoughts on how this experiment may end? unprovable emission schedule) alt-coins ($USD $EUR $JPY, etc.) have second layer applications with more than $10 TRILLION of negative yielding instruments.

For pensions, retirements, etc, any thoughts on how this experiment may end?

>>	Anonymous Fri Jul 20 11:49:24 2018 No.10346290 >>10346257 faster cheaper every transaction traceable no funds get lost unhackable perfect to trace money launderers and terrorists

>>	Anonymous Fri Jul 20 11:49:40 2018 No.10346294 It's cheaper than a bank. Faster than a bank This is the automation of the finance industry

>>	Anonymous Fri Jul 20 11:50:01 2018 No.10346299 >>10346257 Banks enslave, crypto liberates

>>	Anonymous Fri Jul 20 11:50:41 2018 No.10346303 >>10346284 Gonna need a source for that fake news image chief.

Anonymous Fri Jul 20 11:50:44 2018 No.10346304
File: 41 KB, 593x403, jewery.jpg [View same] [iqdb] [saucenao] [google]

Scalable and liquid but insecure (unknown and unprovable emission schedule) alt-coins ($USD $EUR $JPY, etc.) have second layer applications with more than $10 TRILLION of negative yielding instruments.

For pensions, retirements, etc., any thoughts on how this experiment may end?

>>	Anonymous Fri Jul 20 11:51:33 2018 No.10346315 >>10346264 >>10346273 >>10346299 why they couldn't answer it /thread

>>	Anonymous Fri Jul 20 11:51:45 2018 No.10346317 >>10346303 >>10346303 >>10346304 >>10346304 >>10346304 Hey post a source for that fake image.

>>	Anonymous Fri Jul 20 11:52:15 2018 No.10346321 it solves the usury-kike problem

>>	Anonymous Fri Jul 20 11:52:33 2018 No.10346329 it solves the problem of slavery

>>	Anonymous Fri Jul 20 11:52:43 2018 No.10346332 >>10346304 Boomers will wait till 40 years of green to make sure they are buying the absolute top. They are not so different from us

>>	Anonymous Fri Jul 20 11:52:59 2018 No.10346333 File: 881 KB, 1453x1182, usury.png [View same] [iqdb] [saucenao] [google] >>10346303 Source: BAML Thanks for your interest, Mr Shekelsten.

>>	Anonymous Fri Jul 20 11:56:08 2018 No.10346358 nobody posted a real problem yet if you guys are so smart why don't you go to these hearing to answer questions? I'm sure you are smarter than the guys with the phd's and business owners

>>	Anonymous Fri Jul 20 11:57:20 2018 No.10346369 >muh gold standard

>>	Anonymous Fri Jul 20 11:58:02 2018 No.10346375 >>10346358 >nobody posted a real problem yet these posts exist >>10346333 >>10346321 >>10346329 >>10346304 >>10346299 >>10346273 >>10346266 >>10346264

Anonymous Fri Jul 20 11:58:19 2018 No.10346378

>>10346333

Now you're really in for it.

Here's your source:

http://www.businessinsider.com/bitcoin-not-biggest-bubble-negative-yielding-bonds-2017-10

Also notice that neither of you reached back before 2014, where data actually shows that negative interest rates have typically correlated with the exact opposite of your intended 'end point'.

Actually its going to show that theres literally zero correlation and you're just strawmanning your confirmation bias.

There hasn't been a single time in history where the global % of bonds with negative yields have had any discernible effect on "pensions, retirements, etc.,"

>>	Anonymous Fri Jul 20 11:59:37 2018 No.10346388 inflation /thread

>>	Anonymous Fri Jul 20 12:01:04 2018 No.10346405 >>10346375 >muh jews >muh slavery >muh artificial scarcity non problems

>>	Anonymous Fri Jul 20 12:04:22 2018 No.10346431 There can be no prosperity without inflation

>>	Anonymous Fri Jul 20 12:05:27 2018 No.10346446 >>10346257 > kikes controlling almost all private "national" bank around the world and enslaving people trough perpetual debt > is against btc essentially taking power from them gee color me surprise

>>	Anonymous Fri Jul 20 12:06:55 2018 No.10346461 >>10346257 >What problem does crypto solve that a bank can't? You can pay online without a bank acting as a middleman. Up yours, brainlet.

Anonymous Fri Jul 20 12:08:42 2018 No.10346476

>>10346388
Right.

So let's say everyone's paid in bitcoin. Mr.Jahnson has an unexpected auto repair so he had to use btc to pay for it. The next week bitcoin goes up 10%in value and now all the products must increase price to keep pace. Mr.Johnson is out of luck.

>>	Anonymous Fri Jul 20 12:08:50 2018 No.10346480 It solves the bank problem.

>>	Anonymous Fri Jul 20 12:08:56 2018 No.10346484 >>10346375 >Ask what problem crypto solves >Don't accept any problem as a problem This is what a kike looks like.

>>	Anonymous Fri Jul 20 12:10:52 2018 No.10346501 >>10346257 infinitely keeps track of precisely where the decimal is

>>	Anonymous Fri Jul 20 12:11:01 2018 No.10346506 >>10346405 It's not a problem until your bank account gets dried, then bitcoin holders will be laughing at your dumb ass.

>>	Anonymous Fri Jul 20 12:12:31 2018 No.10346519 >>10346506 bitcoin will go to 0 way wayyyyyyyyy before my bank dries up

>>	Anonymous Fri Jul 20 12:13:04 2018 No.10346527 >>10346476 >he next week bitcoin goes up 10%in value that's where you're wrong. btc price in dollar become irrelevant once people can use it everyday 1btc = 1 btc just like the price of usd against yen is irrelevant for 99% of the peoples

>>	Anonymous Fri Jul 20 12:13:04 2018 No.10346528 >>10346375 This is a Jude post

Anonymous Fri Jul 20 12:13:19 2018 No.10346532
File: 194 KB, 661x394, Traits Of Money.png [View same] [iqdb] [saucenao] [google]

>>10346476
1 BTC = 1 BTC

Maybe stop measing goods and services in imaginary currencies.

But if anything, BTC is already better gold. The fact that Cuck Bezos's wealth is bigger than BTC's marketcap should be pretty revealing of how undervalued it is to anyone with a functional brain.

Anonymous Fri Jul 20 12:14:03 2018 No.10346539

It removes the risk of having a central authority controlling currency by having distributed ledger technology. It can be significantly faster once scalability advances. Immediate, secure smart contracts for trustless agreements. Fraud prevention through decentralization. Universal access and possibility to be a global currency and method of immediate money transfer. Cuts out the middle man of money transfers (banks, money orders, etc.) and allows people to directly transfer digital currency to each other without relying on third party services. Finite supply, as opposed to the USD, which is constantly being printed from nowhere and creating a huge debt bubble, ready to pop any minute.

>>	Anonymous Fri Jul 20 12:15:00 2018 No.10346548 >>10346532 So ok we do digital gold standard this time. Prices of good start dropping as we make more of them. Consumption crashes. People lose their jobs. What now smart guy?

Anonymous Fri Jul 20 12:15:16 2018 No.10346552
File: 315 KB, 689x1033, IMG_5517.jpg [View same] [iqdb] [saucenao] [google]

>>10346257
Just got into crypto but I have lots of questions:
1. If banks freely printing money is a problem, how does crypto solve this? Isn't mining crypto the same thing? Or technically isn't there an infinite pool of crypto coin, how does it ever gain any value?

>>	Anonymous Fri Jul 20 12:15:27 2018 No.10346556 >>10346257 Sovereignty over your money (representation of your time) you fucking slave. Controlled audit-able inflation that you opt into.

>>	Anonymous Fri Jul 20 12:17:05 2018 No.10346571 >>10346257 Corruption

>>	Anonymous Fri Jul 20 12:20:31 2018 No.10346607 >>10346257 You could easily tell he really didn't want an answer to the question he just wanted to FUD. He only asked that one guy who wasn't able to answer and he basically just talked over him the whole time lol.

Anonymous Fri Jul 20 12:20:40 2018 No.10346608

>>10346264
>The kike problem.
/pol/ please go!

>>10346257
>What problem does crypto solve that a bank can't?
having your wealth stored in a modern digital manner absolutely safe secure and in full ownership accessible from all around the world knowing no borders and limits. when you put your money into a bank account you literally give it away it's no longer yours all you get is an iou from the bank. same shit when you send your crypto to an exchange really. but at least there you can limit your exposure.

>>	Anonymous Fri Jul 20 12:20:50 2018 No.10346613 >>10346519 Just like Lehman Brothers?

>>	Anonymous Fri Jul 20 12:21:42 2018 No.10346627 >>10346552 >Or technically isn't there an infinite pool of crypto coin depends on the coin. usually no infinite supply. sometimes it's exactly the same like with tether.

Anonymous Fri Jul 20 12:22:37 2018 No.10346643

People in Greece have a limit on the amount of their own money that they can withdraw in a day.
People in Zimbabwe and Venezuela have such extreme runaway inflation that their local currency is essentially valueless.
People in China can't move their own money overseas due to capital flight controls.
People all around the world can't, as informed adults, buy pure recreational chemicals from suppliers, and cut out the entire violent chain of criminal enterprise between them, in order to explore their consciousness and connect with others
People can't understand in simple terms how value is created and moved through society.
People must engage in a form of value exchange that is mediated by the implicit violence of the state, instead of a consensual, opt-in system.

I wish I could face these fucking snake faggots in public discourse.

Anonymous Fri Jul 20 12:24:12 2018 No.10346664

>>10346548
>Prices of good start dropping as we make more of them. Consumption crashes. People lose their jobs. What now smart guy?

This is as stupid as saying that prices will soar 10% per month with an inflationary currency and no one being able to buy anything cause their money has no worth.

>>	Anonymous Fri Jul 20 12:25:23 2018 No.10346687 File: 16 KB, 208x243, 1519575496992.jpg [View same] [iqdb] [saucenao] [google] >>10346375

Anonymous Fri Jul 20 12:26:30 2018 No.10346703

>>10346664
Deflation and extreme inflation are both just as bad things. You can manage inflation with interest rates, but you cannot manage deflation with negative interest rates.
But if we assume money supply will NEVER EVER grow, you basically kill all capitalism. Under gold standard, all manufacturing is suicide because higher production will push down prices which kills all margins.

>>	Anonymous Fri Jul 20 12:26:36 2018 No.10346707 >>10346687 But the heat is not free. You are consuming the energy that you've produced by ingesting the food you had to PURCHASE.

>>	MrBearWolf Fri Jul 20 12:27:46 2018 No.10346722 >>10346257 >>What problem does crypto solve that a bank can't? amb

>>	Anonymous Fri Jul 20 12:28:18 2018 No.10346730 >>10346257 Fees automated accounting

Anonymous Fri Jul 20 12:28:43 2018 No.10346736

>>10346664
>This is as stupid as saying that prices will soar 10% per month with an inflationary currency and no one being able to buy anything cause their money has no worth.

i have lived through that shit and it has happened several times in my country over the last few decades. it's not the end of the world but it's pretty fucking hard on the middle class. the poor have no savings they will spend their money as soon as they get ti inflation adjusted each day. the rich will move their wealth into assets that are inflation proof early. the middle class will get fucked. but they will eventually recover.

>>	Anonymous Fri Jul 20 12:32:26 2018 No.10346796 >>10346643 >in order to explore their consciousness Drug addicts are an embarrassment

>>	Anonymous Fri Jul 20 12:33:15 2018 No.10346813 >>10346796 >SOG4y Try drugs, you might be less of a miserable faggot.

>>	Anonymous Fri Jul 20 12:35:52 2018 No.10346845 >>10346257 BTC MOONS BANKS DONT

>>	Anonymous Fri Jul 20 12:35:52 2018 No.10346846 >>10346813 I would give you some advice but you already damaged your brain just to experience some fleeting images and call yourself enlightened for the trade.

Anonymous Fri Jul 20 12:36:30 2018 No.10346859

>>10346703
>Deflation and extreme inflation are both just as bad things

No. Extreme deflation and extreme inflation are. You aren't seriously saying that everyone will stop consuming anything but necessities if their money is worth 1% more the next year then it's now?

I'm pretty sure there has been capitalism way before the last century with it's FIAT currencies.

>>	Anonymous Fri Jul 20 12:37:27 2018 No.10346875 >>10346264 this >hello 2008

>>	Anonymous Fri Jul 20 12:37:54 2018 No.10346880 >>10346859 If people realize prices of goods are going to go down in the future, they will postpone their purchases.

>>	Anonymous Fri Jul 20 12:37:57 2018 No.10346881 >>10346846 Your entire existence is a series of fleeting images and if you took drugs you would understand that with more lucidity and clarity.

>>	Anonymous Fri Jul 20 12:40:18 2018 No.10346913 >>10346707 I bet you're fun at parties

>>	Anonymous Fri Jul 20 12:41:20 2018 No.10346931 >>10346608 in other words: decentralization perfect decentralization is not possible, but eliminating an entire layer of middlemen always pays off vastly in the long run.

>>	Anonymous Fri Jul 20 12:41:25 2018 No.10346933 >>10346881 or drugs fuck with your brain and make you feel and think and believe shit that ain't true. which one is more likely?

>>	Anonymous Fri Jul 20 12:41:46 2018 No.10346938 >What can this Coca Cola do better than the state issues COKE, why do we need more than one beverage? >what is free market

Anonymous Fri Jul 20 12:43:30 2018 No.10346970

>>10346881
Images sure, but fleeting? No.

Tell me one single reason I shouldn't chalk your experiences up to someone who is just romanticizing a loopy experience they had and wanting to convince other people to do the same thing as an unconscious coping mechanism to convince themselves they didn't make a mistake that affected their brain chemistry.

>>	Anonymous Fri Jul 20 12:44:53 2018 No.10346993 >>10346938 Yeah, he went at it like "why should we not just ban this?". That's biased as fuck. It should be the other way around.

Anonymous Fri Jul 20 12:45:44 2018 No.10347001

>>10346931
no no no decentralization in transaction is just one cornerstone of full control over the funds you have. there is a lot more to it.

middlemen are irrelevant so long you don't relinquish control of your funds to them. smart contracts make great use of middle men, but it's not in their choice to abide that contract like with a legal contract it is also much simpler and clearer.

only problem is smart contracts can't interact with the real world in a decentralized manner yet. but people are working on this. the whole oracle shit and whatnot.

in theory you could make investments based on smart contracts and you would invest crypto and get paid in crypto with interest based on the performance of the asset at one time in the future.

sports betting and whatnot also possible.

>>	Anonymous Fri Jul 20 12:46:01 2018 No.10347004 >>10346970 Ok, but drug point aside, you're dismissing his entire argument because "drugs are bad mmmkay" which is FUCKING retarded. Makes you sound like a real idiot.

>>	Anonymous Fri Jul 20 12:46:46 2018 No.10347017 File: 230 KB, 1600x1440, Hitler playing cards with Churchill.jpg [View same] [iqdb] [saucenao] [google] >>10346257 Bitcoin is the final solution.

>>	Anonymous Fri Jul 20 12:47:03 2018 No.10347020 >>10347004 No I'm just dismissing him as a retarded druggie. I'm all for taking down the jews.

>>	Anonymous Fri Jul 20 12:47:55 2018 No.10347038 File: 121 KB, 600x900, 1456977322139.jpg [View same] [iqdb] [saucenao] [google] >>10346257 the money printing (out of thin air) problem you fucking retard kike dick sucking idiot

>>	Anonymous Fri Jul 20 12:47:57 2018 No.10347039 >>10346875 the faggots here are too young to remember the crisis.

Anonymous Fri Jul 20 12:48:55 2018 No.10347052
File: 2 KB, 225x225, download (2).png [View same] [iqdb] [saucenao] [google]

>What problem does crypto solve that a bank can't?

>What problem does crypto solve that a bank can't?

https://www.forbes.com/sites/andrewrossow/2018/06/06/in-wake-of-data-breaches-blockchain-technology-can-minimize-financial-fraud/#31c7aec46337

/thread

Anonymous Fri Jul 20 12:49:28 2018 No.10347057

>>10346970
Don't take my word for it. Read trip reports on Erowid. Get an idea of the collective sort of experiences and sensations that are being facilitated by various chemicals. And read the bad trip reports too, read what happens when things go wrong, and how the problems that arise may be ameliorated or averted.
And read what people say about the experiences long after they have happened, when they have had a chance to reflect on the short and long term consequences. Just read and learn, you don't have to do anything you don't want to.

>>	Anonymous Fri Jul 20 12:50:08 2018 No.10347066 >>10346880 I seriously doubt that 1% deflation will postpone anything. It could kill the cancerous culture of payday loans though.

>>	Anonymous Fri Jul 20 12:51:15 2018 No.10347084 >>10347066 I will kill investments if nothing else You can look to history for that, or just look at the effect of GOLD STANDARD, jesus.

>>	Anonymous Fri Jul 20 12:51:17 2018 No.10347085 >>10347057 >read this poem >now destroy your brain because of it Nah I'm good.

>>	Anonymous Fri Jul 20 12:51:34 2018 No.10347094 >>10347066 >cancerous payday loans you should check out >>10347052

>>	Anonymous Fri Jul 20 12:51:45 2018 No.10347095 >>10346970 >he doesn't recognize that his sober thoughts and beliefs are transient, albeit structured, delusions.

>>	Anonymous Fri Jul 20 12:53:09 2018 No.10347113 >>10347095 >thoughts are fleeting delusions >so let's fuck up the brain Nice logic

>>	Anonymous Fri Jul 20 12:54:45 2018 No.10347132 >>10346431 >never ending ratrace >young people unable to afford basic housing >wageslaving 10h a day till 65 >being forced to spend on stupid shit or your money basicly disappears >prosperity KYS you fucking kike

>>	Anonymous Fri Jul 20 12:55:52 2018 No.10347144 >>10346846 *tips fedora enlightendely

Anonymous Fri Jul 20 12:56:51 2018 No.10347159

I can send money on friday evening without having to wait for the fucking bank to confirm it on monday?

I can store bitcoin without banks deciding what I get in return (even going as far as paying the banks to store my money) sure it can crash 90% but that is my choice, not yours.

>>	Anonymous Fri Jul 20 13:02:00 2018 No.10347227 >>10346257 >what problems does online courses solve that university >what problems does online videos solve that television cant >what problems does pdfs solve that physical books cant because we don't have to be dependent on banks

>>	Anonymous Fri Jul 20 13:02:15 2018 No.10347230 >>10347084 >I will kill investments if nothing else No it won't. This is just the fearmongering.

Anonymous Fri Jul 20 13:02:55 2018 No.10347236

>>10346257
Crypto is very good at tokenizing peoples behaviors. You make a bunch of coins and then make a dapp that gives those coins to people for doing things you want and they will behave how you want them too.

You cant really do this with fiat as its a lot harder. With crypto you are able to make a new coin fairly easily then all you need is a dapp. If you want to get a bunch of people to make music / art / videos / blogs for your service you can reward people with crypto coins and they will essential do it for "free"

Crypto is amazing at acting as a way to get people to do what you want them to do. This is especially true for dapps but even just currency coins do the same thing. Satoshi wanted to make a token that people would speculate over and boom now everyone is speculating on its value. Dapps make this kind of thing even more versatile in general.

Its the easiest way to tokenize EVERYTHING and it us amazing for controlling peoples behaviors. Which makes it an amazing business opportunity in general. Anyone can start a company now and suddenly get people to want their tokens so they can do what you want them to do relatively effortlessly.

>>	Anonymous Fri Jul 20 13:03:33 2018 No.10347244 >>10347230 It is fucking fact

>>	Anonymous Fri Jul 20 13:04:18 2018 No.10347251 >>10346431 Fuck you. Thanks to you we have to slave 30 years in a job to pay for a mortgage when back in the 60's you could afford a house before you hit your 30's

>>	Anonymous Fri Jul 20 13:06:27 2018 No.10347274 >>10347236 Controlling is a bad word, encouraging behavior is better way to put it.

Anonymous Fri Jul 20 13:06:38 2018 No.10347279

>>10347038
no the thing is money represents time and effort and economic performance and obligations of the aforementioned.

if you think the total amount of obligations people are willing to make at any time are constant or linear or anything you are a fucking moron.

the need for money changes over time with economic cycles booms and busts or which result in expansions and contractions.

this is partly due to human psychology. we need to believe in things and take risks for development and then there is a time to asses the results and get rid of shit that doesn't stand trial. these cycles serve a purpose like the seasons.

if you tried to force fixed supply of money on the people then prices would fluctuate wildly between years and seasons.

>>	Anonymous Fri Jul 20 13:06:43 2018 No.10347282 >>10347039 yea hopefully they wouldn't have to go through losing homes like we did

>>	Anonymous Fri Jul 20 13:07:03 2018 No.10347287 >>10346257 What problem does bank solve that crypto can't?

>>	Anonymous Fri Jul 20 13:07:41 2018 No.10347296 >>10347244 That you jsut ripped out of your ass. It's always funny when people rip some "fact" out of their arse and expect people to take them seriously. It's fearmongering, period.

Anonymous Fri Jul 20 13:10:25 2018 No.10347331

>>10347287
I dont think this makes any sense at all to say. Crypto is more versatile than fiat because anyone can make it and it can be run through relatively complex systems in a fairly efficient manor creating results that have never been possible before.

Anonymous Fri Jul 20 13:15:01 2018 No.10347393

>>10347279
yes, keep drinking the koolaid the give you in your kike school of economics, it's totally for the people's well being, not for the governments to be able to manipulate the ecoomy, markets and people's lives to their likings (and no, they don't like people becoming financially independent, that's why they will never go back to the gold standard)

Anonymous Fri Jul 20 13:15:02 2018 No.10347394

Internationalizes commerce.

People rarely commerce with people outside of their country, through crypto you're putting the monetary value behind your labor and exchange it with someone else's, thus indirectly trading labor.

If crypto was to reign over fiat, for example, countries would not succeed in an isolate way, the good productive decisions of all the people trading cryptocurrencies would benefit everyone.

In a sense, it makes countries GDP an outdated concept, and this is a good thing.

>>	Anonymous Fri Jul 20 13:16:29 2018 No.10347408 >>10346294 That's what I think too. At first I thought UBI was a discussion about manufacturing/driver automation. But really it's bankers, lawyers, brokers etc that are gonna get 'botted

Anonymous Fri Jul 20 13:17:07 2018 No.10347419

>>10347287
their traditional role was to take your gold and safekeeping.
then their main role was to give loans for people to increase their production capacity and therefore help the economy grow.
then consumer loans which actually destroy value and are a net loss to society only the bank makes a profit on it. but you could say you kinda exchange values there. you get to enjoy the things sooner that you want and pay a greater price for it.

crypto loaning however while possible is a bit messy. you can't just naked loan bitcoins to someone you would never ever see your coins back. and if you take other cryptos into escrow then he could really just fucking exchange them instead of a loan unless he is a degenerate gambler. so technically as we use the term loan it can't exist solely in the crypto world. because crypto doesn't know legal obligation. i guess that's what banks can do take your legal obligation and enforce it in the legal system and loan you money without anything else behind it but a contract. this all works partly because you only have 1 identity meanwhile in crypto you have as many as you want. and also regulation of course and the state enforcing the banks demand when in dispute.

>>	Anonymous Fri Jul 20 13:17:57 2018 No.10347428 >>10346264 fpbp

>>	Anonymous Fri Jul 20 13:18:20 2018 No.10347431 File: 118 KB, 676x663, Screenshot_Clover_dev_20180720-201727-01.jpg [View same] [iqdb] [saucenao] [google] hmmm

>>	Anonymous Fri Jul 20 13:21:50 2018 No.10347472 >>10347279 wow much retard

Anonymous Fri Jul 20 13:22:36 2018 No.10347478
File: 248 KB, 900x516, 1524150634838.png [View same] [iqdb] [saucenao] [google]

>>10346532
>middleman

Come on buddy, you can't seriously believe BTC is going to be better than the banks? It's being strangled to death and morphed into a fucking banking layer.

Bitcoin Cash is the real Bitcoin and is scaling to enable usage across the planet.

Anonymous Fri Jul 20 13:22:43 2018 No.10347479

>>10347393
>it's totally for the people's well being, not for the governments to be able to manipulate the ecoomy, markets and people's lives to their likings
no truly it's for greater economic performance overall. if it does this well or not i can't say. but the purpose behind it is not some /pol/ altright brainfart conspiracy.

they want the economy be less restrained. and more robust at the same time. flexible money supply helps this so long the faith in said currency and the economy of the state is robust.

gold standard and financial independence are not linked in the slightest. it's more like when wages for labor detached from increasing productivity in growth, that's when the break happened. it actually kind of coincides with the end of bretton-woods system i wonder if there is a connection.

Anonymous Fri Jul 20 13:26:12 2018 No.10347510

>>10346880
and fucking great. That means it wasn't needed in the first place. I don't give a fuck about some BS jobs that produce dogshit and give idiots some artificial employment.
Instead of faggots studying the science of fagottery more people will focus on construction/food production/healthcare
inb4
>why go to the doctor today if tomorrow prices will drop by 50%
yea, that's your favoite argument you kikes, from 1 extreme to another, how about a low deflation, 0-5%? how about letting people simply save their money in peace for when they want to buy something important like a house or a piece of land instead of forcing them to buy your useless shit

>b-but that wouldn't be economically efficient bla bla
fuck your economical effeciency, the government is for the people not the other way around you fucking kikes

>>	Anonymous Fri Jul 20 13:26:59 2018 No.10347522 >>10346707 t. beta physicist

>>	Anonymous Fri Jul 20 13:29:49 2018 No.10347545 >>10346333 This is the most retarded graph ive ever seen. Do you seriously believe the statement because of it?

>>	Anonymous Fri Jul 20 13:30:36 2018 No.10347557 >>10346257 What problem does a bank have that crypto doesn‘t?

Anonymous Fri Jul 20 13:32:31 2018 No.10347566

>>10347510
>and fucking great. That means it wasn't needed in the first place.
sad thing is when velocity of money decreases when the money supply contracts the entire economy feels it and all people get poorer. and this fact has been proven enough times by history.
>fuck your economical effeciency, the government is for the people not the other way around you fucking kikes
it all falls back to the people in the end. you think you are doing right by your people and it may seem so in the first 1-2 years then it all bites you in the ass.

the long run shows this: countries where the economy grows are richer healthier and better for living.

and economic growth is facilitated by consumption investment and innovation and yeah loans.

>>	Anonymous Fri Jul 20 13:32:33 2018 No.10347567 >>10347113 I didn't imply that in the slightest, nice brain damage.

Anonymous Fri Jul 20 13:34:04 2018 No.10347582

>>10346264
First post best post

But for a more normie answer, crypto solves the problem of centralization. It allows for everyone to participate in a global market and prevents large scale theft of the population by a country’s national and central banks.

Anonymous Fri Jul 20 13:34:51 2018 No.10347590

>>10347431
I answered the question. Fuckers need to stop with this tax evasion and sticking it to the kikes bullshit. Its obviously agent saboteurs.

Crypto is a versatile way to reward people for using a good or service. It provides methods that are more complex and more easily implemented than anything that has ever existed. That's it fucking it.

Stop with the other fucking answers, they are all bullshit or at least only partially correct. /biz/ fucking answered the damn question now

>>	Anonymous Fri Jul 20 13:37:32 2018 No.10347613 >>10347582 >large scale theft of the population by a country’s national and central banks. really? you think without banks and central banks people would be richer in the past century? how the fuck could you make that argument i'm curious?

>>	Anonymous Fri Jul 20 13:41:46 2018 No.10347657 >>10347084 it will kill a lot of malinvestment and overinvestment. investors need to be better than now to make a profit

>>	Anonymous Fri Jul 20 13:43:38 2018 No.10347678 >>10347657 >it will kill a lot of malinvestment and overinvestment. investors need to be better than now to make a profit Irrelevant anyway, in the future most crypto holders will be people who never paid a penny for their coins.

>>	Anonymous Fri Jul 20 13:44:00 2018 No.10347685 >>10347613 increase in wealth is due to the increase in technology. Banks may have had a little to do with it by helping to allocate capital to worthwhile projects, but their usefulness has run out. Central banks are cancer

>>	Anonymous Fri Jul 20 13:48:55 2018 No.10347754 >>10346431 printing out more money is a good idea. right.

>>	Anonymous Fri Jul 20 13:51:38 2018 No.10347786 >>10346519 bitcoin will never go to 0, it could go to $1000 though

Anonymous Fri Jul 20 13:52:02 2018 No.10347792

>>10347685
>increase in wealth is due to the increase in technology.
partly and in long term maybe but also increased production consumption providing and consuming service at the current technological level. economic activity produces wealth and wealth looking to grow increases economic activity. we know this from the fucking middle ages. banks were a great facilitator in this. central banks of federal reserves are just a direct consequence of two things: 1 fractional reserve banking 2 being commie pussy scum that are too afraid to crash your economy for your principles and lose decades of growth to foreign nations.

>>	Anonymous Fri Jul 20 13:53:04 2018 No.10347801 >>10347786 it could go to $100000 just as easily.

>>	Anonymous Fri Jul 20 13:53:41 2018 No.10347810 >>10346608 Don't forget >Avoid inflation

>>	Anonymous Fri Jul 20 13:53:49 2018 No.10347811 >>10346608 >/pol/ please go! Kike please go! You're a drooling fucking retard if you don't understand the /pol/itical overlap with cryptocurrency

>>	Anonymous Fri Jul 20 13:55:04 2018 No.10347828 >>10346257 ((((((((((THE PROBLEM))))))))))

Anonymous Fri Jul 20 13:55:11 2018 No.10347831

>>10347566
>the long run shows this: countries where the economy grows are richer healthier and better for living.
>
>and economic growth is facilitated by consumption investment and innovation and yeah loans.

yea, it's all looking good from the outside without asking people how they really feel about it. It's like wasting taxpayers' money on some stupid BS like fountains in the cities or gov funded theatre so it looks good for the outside world but doesn't benfit the citizens in any way because they have bigger problems to deal with than having a nice fountain in downtown.
they are all running like headless chicken ratracing to their cubicles doing BS jobs producing BS,
>hurrr advanced society
>durr advanced cities
so fucking what, you think that wageslaving 10h a day for 45 years makes people trully happy because they have a shiny piece of shit called an iphone in their pockets? in this day and age? Productivity goes up over the years but wagslavement doesn't seem to shrink in time, hmmm I wonder why is that? (((oy vey)))

People who work real jobs (the ones that will always be in demand regardless of the economic situation) have to pay the price in order for other people to work their BS jobs. If you think something like a dog hairdresser is needed and wouldn't be wiped out from the earth's surface in a deflationary economy you are deluded. Normal people have to basicly pay their price so that lazy idiots can survive with their BS jobs and degrees.

Anonymous Fri Jul 20 13:56:48 2018 No.10347854
File: 139 KB, 1024x788, 1527626996754.jpg [View same] [iqdb] [saucenao] [google]

>>10346273
Thread created @ 16:46, correct answer was given less than two minutes in. The most surprising thing was the fact that only 3 shitposts were made in between the two

Anonymous Fri Jul 20 13:58:10 2018 No.10347868

>>10347811
>You're a drooling fucking retard if you don't understand the /pol/itical overlap with cryptocurrency

Yeah but you can answer that way it plays into the hands of people who want to claim crypto exists only to undermine the state when that isn't true.

Cryptocurrency is a new business model. Its a new way to reward people for contributing content to a community. That is what smart contracts exist for. Tokens are a really amazing tool to encourage people to do things.

>>	Anonymous Fri Jul 20 13:59:12 2018 No.10347878 >>10347854 feels like a canned conversation with the goal of muddying the waters honestly.

Anonymous Fri Jul 20 13:59:47 2018 No.10347885

>>10346257

It’s a cheap, simple, trustless way for companies to pay contractors for use of their computing power to process transactions that are necessary for fundamental operations (aka “mining”), which they can then trade on an open market. It also greatly speeds up and cheapens the issues involved in international money transfer. Basically, it addresses a lot of the issues plaguing the wider economy and can radically reduce companies’ overhead in multiple ways via blockchain tech. That’s the backing it really has: not “greater fool theory” but computing power and work as well as a razor to cut through red tape, which is why politicians and banking shills hate it.

It also provides a path to wealth for people on the middle and bottom of society who otherwise wouldn’t have one.

Also, why the fuck should adults not be allowed to deal in crypto if they like? The rhetoric here sounds an awfully lot like the rhetoric used to ban drugs in the 60s and 70s, which was more about declaring war on the counterculture and scapegoating blacks for cheap political points than anything else.

Anonymous Fri Jul 20 14:03:00 2018 No.10347931

>>10347810
why avoid inflation? you just lok at your return on investment above inflation. are you better off if you get 2% on your investment with 0% inflation than say 10% over your investment and 5% inflation? of course not! inflation is meaningless in acquiring wealth. what it changes is how wealth behaves and how it affects the economy. if wealth can grow with zero risk just saving the economy will grow slower innovation halts and people start to live like crap after a while. when inflation exists and spending and investing and taking risk is encouraged then you get a more healthy growing economy and people that are all richer and get better quality service.

it's not hard to see this just correlate a countries economic performance to the living standards.

>>10347811
no i understand the overlap low iq subhumans are everywhere.

>>10347831
>It's like wasting taxpayers' money on some stupid BS like fountains in the cities or gov funded theatre so it looks good for the outside world but doesn't benfit the citizens in any way because they have bigger problems to deal with than having a nice fountain in downtown.
that's a different set of problems that arise when people don't spend their own money. representative democracy breeds corruption by it's nature. maybe with crpyto technology we can go towards a more direct democracy i would like to believe that is possible. resistance will be great tho it's a whole lot of money at stake.

Anonymous Fri Jul 20 14:03:40 2018 No.10347940

>>10347885
Spot on point.

> The rhetoric here sounds an awfully lot like the rhetoric used to ban drugs in the 60s and 70s, which was more about declaring war on the counterculture and scapegoating blacks for cheap political points than anything else.

Also this thread seems off. Something seems weird about it. People who give a proper answer are not getting responses.

Anonymous Fri Jul 20 14:06:11 2018 No.10347974

>>10347613
I think banks played a pivotal part in distributing wealth and maintaining it but they were just a stepping stone for the next financial system to come. I think at the start of banking it was a lot more honest and manipulation of banks wasn’t too rampant. But banking in its current form seeks to extract every cent it can from its host country like a parasite rather than help create it like it used to. It is a system that has become corrupted and raped for the benefit of a select few when the benefit should be for all.

>>	Anonymous Fri Jul 20 14:11:57 2018 No.10348056 I think the point of banks not being able to be corrupt and claiming that a public ledger makes it harder to generate value from nothing is somewhat laughable. Its easy to see the current market is already heavily manipulated as it is lol...

Anonymous Fri Jul 20 14:12:46 2018 No.10348066

>>10347974
>But banking in its current form seeks to extract every cent it can from its host country like a parasite rather than help create it like it used to.
not just that but if you look at italy you see how corrupt greedy dysfunctional banks can hold an entire industry and by this an entire country and it's political system hostage by their irresponsible accumulation of bad debt. even affecting the rest of the eu. it's fucking hilarious.

but yeah while banks can be cornerstones of growth if you let their bad decisions start to become someone else's problem as with the usual banking regulation and the states widespread responsibility to save banks predicts they can fuck you up so bad. they can destroy so much wealth it's crazy.

central banks try to combat this and also try to stop a chain reaction ruining good banks when a few bad apples show the rot. but even there there is a lot of problems how responsibility is distributed and who foots the bills in the end.

again we are back to the main issue if you let people play with others money they will be fucking irresponsible with it. politicians brokers or bankers. same shit different wrapping.

Anonymous Fri Jul 20 14:16:42 2018 No.10348114

>>10347885
>simple
it's not
>trustless
still have to trust the exchanges to not pull another MTGOX. a lack of trust in the currency isn't what cause our previous financial failures in the first place
>It also provides a path to wealth for people on the middle and bottom of society who otherwise wouldn’t have one.
how?

>>	Anonymous Fri Jul 20 14:18:46 2018 No.10348137 >>10348114 >how? New methods of making money through being commissioned to do things like generate content on a social media dapp.

>>	Anonymous Fri Jul 20 14:19:48 2018 No.10348164 >>10348114 >how? New ways to start solvent businesses using ERC20 tokens and Airdrops.

>>	Anonymous Fri Jul 20 14:21:59 2018 No.10348204 >>10346257 I love threads like this, reminds me how delusional and ignorant you all are. You may now explode at me like the angry hens you are. Cluck away, faggots!

Anonymous Fri Jul 20 14:22:21 2018 No.10348210

>>10348114
>how?

The ability for anyone to create new tokens at will creates opportunities to use those tokens in fairly complex systems to reward people for doing things to gain those tokens as a form of payment.

Anyone can do this, even a homeless man on the street is probably capable of generating a new token and selling an idea with an ICO.

>>	Anonymous Fri Jul 20 14:23:44 2018 No.10348232 >>10348210 thank you sir liven ico is already product worked

>>	Anonymous Fri Jul 20 14:24:21 2018 No.10348237 >>10348114 >how? It can be used in gaming to reward people for being very good at a game. These people can also enjoy these rewards without worry of being demonitized or banned from the service for saying nigger.

>>	Anonymous Fri Jul 20 14:24:27 2018 No.10348239 >>10347557 FDIC.

>>	Anonymous Fri Jul 20 14:25:35 2018 No.10348248 >>10348237 >>10348210 >>10348164 >>10348137 none of this needs crypto. it's just a solution looking for a problem

Anonymous Fri Jul 20 14:26:45 2018 No.10348265

>>10348114
indeed, you can limit your exposure better with crypto but as it is right now it's more costly than simply keeping your money in the bank.

when you can get your salary in crpyto and spend it in crypto this may change.

poor stay poor and the middle class don't mainly because of the difference in the value they provide. also mentality plays a difference, but really the most important aspect is how much value can you generate for others? that will decide if you grow in wealth or stay poor as fuck. using crypto like a lottery ticket is a typical example or poor peoples gambling habits that lead to net loss of their sum of wealth. some will make it make no mistake but most will lose on crypto.

Anonymous Fri Jul 20 14:27:37 2018 No.10348285

>>10348210
>Anyone can do this, even a homeless man on the street is probably capable of generating a new token and selling an idea with an ICO.

C'mon. That's pushing your argument to a ridiculous, completely unlikely if not impossible degree.

And, at least for US citizens, the need to record every transaction to calculate capital gains and losses at the end of the fiscal year wipes out any benefit to them at all. Nobody needs to record every purchase they make, all year. That's the one hurdle to crypto, in the short term, that makes crypto adoption a failure.

>>	Anonymous Fri Jul 20 14:28:29 2018 No.10348298 >>10348248 >>10348248 >>10348248 >>10348248 >>10348248 draw and quarter him

Anonymous Fri Jul 20 14:29:02 2018 No.10348304

>>10348248
>none of this needs crypto. it's just a solution looking for a problem

Absolutely false. Crypto is much more versitile with far fewer variables and complexities. Anyone can generate these systems without having to go through red tape.

Also due to the fact its a digital asset anyway you can make very complex systems for things like reward pools, voting power, and such that work in a trustless environment which gives the tokens inherent value.

In a trust based environment there would be no way to make such complex systems.

On top of that its censorship resistant which is impossible to do with a centralized corporation.

Anonymous Fri Jul 20 14:30:07 2018 No.10348324

>>10346257
Provide privacy in a way that cash money can but current electronic implementations can't.

>inb4 drug cartels and criminals
The needs of privacy focused individuals and criminals are, when taken to the extreme, the same. That's not a fault of the technology that it just so happens to cater to both.

Anonymous Fri Jul 20 14:31:23 2018 No.10348342

>>10348285
>And, at least for US citizens, the need to record every transaction to calculate capital gains and losses at the end of the fiscal year wipes out any benefit to them at all. Nobody needs to record every purchase they make, all year. That's the one hurdle to crypto, in the short term, that makes crypto adoption a failure.

C'mon. That's pushing your argument to a ridiculous, completely unlikely if not impossible degree.

haha
So if the government places extremely punishing rules because the government doesn't understand what the technology is then its all of a sudden not a form of viable technology in and of itself? LOL

Anonymous Fri Jul 20 14:34:41 2018 No.10348385

There is another aspect of this argument that is very important. The government cant make it go away, banning the technology would not change the fact that it exists and will continue to give advantages to people who use it.

Its exactly like banning guns, all you do is punish honest citizens. The criminals never followed the law anyway.

>>	The Silver Shill Fri Jul 20 14:36:10 2018 No.10348405 File: 105 KB, 587x534, 1529657334337.jpg [View same] [iqdb] [saucenao] [google] >>10346608

>>	Anonymous Fri Jul 20 14:37:44 2018 No.10348432 >>10346257 settlement of funds within 30 minutes

Anonymous Fri Jul 20 14:37:50 2018 No.10348435

>>10348265
>when you can get your salary in crpyto and spend it in crypto this may change.

There's no systems in place to do this, because of things like social security, taxes, and other withholdings. At least in the US. You'd be asking companies to double the size of their accounting staff, or cost of services, to support two completely different financial models - and would need to tackle the issue of how much to pay someone, when the value of bitcoin moves 10% in one day. How do you calculate what to pay someone, every two weeks, when the value of bitcoin is a sliding, constantly moving scale. If I get paid $25 USD hourly, I can be assured that my $25 will be worth $25, in the short term (discounting the percentage of a percent that inflation would impact it). If I get paid $25 worth of bitcoin, it could be worth 10% more next week, or 10% less. I don't want to deal with that, neither do employers.
And, the only way to get the kind of stability in crypto, is to regulate and control it, which means you'd replace fiat for another fiat - and why go to all the bother and cost and upheaval, if there's no clear benefit? And don't throw blockchain benefits back at me, I'm talking cryptocurrency, not blockchain tech. They're too distinctly different things.

And, even if you were to get over the insane hurdles of the transition, where am I going to store my new crypto paycheck? At exchanges, owned and run by the same banks I use now. So nothing really changed.

The reality is, the USD and the EURO and most currencies are digital currencies right now. You can use "cash", but that's just an archaic form of transaction now. i don't use cash, haven't for years now. Switching to a crypto currency wouldn't change anything for me, I'd still pay taxes, I'd still pay interest rates, I'd still conduct transactions. The on;y difference is, in it's current form, crypto has no protections for me as an unregulated investment asset, and one that is heavily manipulated.

Anonymous Fri Jul 20 14:37:51 2018 No.10348436

>>10348304
that's a lot of buzzwords. but you'd think after a decade in development and millions in funding someone would have figured out how to do one of those things by now.
so far it's been nothing but a way to move money from the pockets of "investors" to those who own crypto infrastructure

Anonymous Fri Jul 20 14:38:24 2018 No.10348444

>>10348324
>The needs of privacy focused individuals and criminals are, when taken to the extreme, the same
sure the difference is in how much it actually helps your life. sadly many people feel that giving up privacy is a small sacrifice that barely affects them while it affects criminals a lot more if their illegal cash flow is transparent to the authorities. it makes some logical sense that leads to blatant fallacies easily.

>>	Anonymous Fri Jul 20 14:38:58 2018 No.10348455 >>10348436 >>10348436 >>10348436 >>10348436 find his family too and do the same

>>	Anonymous Fri Jul 20 14:39:10 2018 No.10348458 >>10348342 No, it makes it unlikely if not impossible to adopt that technology, because there's no benefit to us, the end user, and it's a net loss because of the added burdens it imposes.

Anonymous Fri Jul 20 14:39:35 2018 No.10348467

One of the MAIN problems with Mr Shermans argument was that he admited during the hearing that he understood the progression of money. From gold to Paper then to Paper that represents paper ect.

But he uses an example where he used a Visa card to pay someone off and it worked very well. But he didnt realize that he HIMSELF made the argument for cryptocurrency right there.

Nobody lugs around bars of gold. Paper money sucks for buying goods online.

Fiat is not effective if you want to make a fairly dynamic social media dapp with does not require people to view adds and is thus censorship resistant. The only way Fiat can be used for a system like this is to use advertising.

You don't need to do that with crypto.

BOOM

>>	Anonymous Fri Jul 20 14:41:25 2018 No.10348496 >>10348444 I never claimed that it was a sound idea from a lawmaker's point of view. The question was simply what problem does crypto solve that a bank can't. So there's that.

>>	Anonymous Fri Jul 20 14:41:56 2018 No.10348510 >>10346257 >Autonomous self executing smart contracts >Improving internet >IoT machine economy >Math partially getting rid of human corruption >Having control over your own money and much more

>>	Anonymous Fri Jul 20 14:42:09 2018 No.10348511 Solves the jew problem

Anonymous Fri Jul 20 14:42:14 2018 No.10348513

>>10346257
trustlessness? like, having the money completely and totally to yourself, on your own accord, knowing that nobody's fucking with it in any way? immutability?
what kind of a sideshow joke is it when they pretend that there's no answer to the question of "what problem does crypto solve"? fucking duuuuuuuuuuh
the best part is, if they think they have a better solution than bitcoin or whatever, they're totally free to compete. funny thing is that now there is something that's IMMUTABLE that can finally compete with them out of the sheer fact that it's fucking nearly impossible for them to take down by assassinating someone or forcing into bankruptcy, they're being all fucking whiny about it. fucking democrat crony capitalist losers—THE epitome of the term "status quo establishment", and the cancer to true free market capitalism.

Anonymous Fri Jul 20 14:42:17 2018 No.10348514

>>10348436
>that's a lot of buzzwords. but you'd think after a decade in development and millions in funding someone would have figured out how to do one of those things by now.
>so far it's been nothing but a way to move money from the pockets of "investors" to those who own crypto infrastructure

And the backstepping begins. Awesome I like it when there is blood in the water. So now you are agreeing with me that ultimately crypto does have these unique behaviors, the problem is nobody ever made steemit or delegate call and Steemit 2.0 and narrative are not around the corner either. Dlive is does not exist as a streaming service.

Now your next backstep will be to say those services are not popular enough. At that point the debate is over.

Anonymous Fri Jul 20 14:44:54 2018 No.10348550

>>10348458
>No, it makes it unlikely if not impossible to adopt that technology, because there's no benefit to us, the end user, and it's a net loss because of the added burdens it imposes.

Well at that moment, nobody should ever protest or even vote. Get back to work Goy. Cmon man, this is something worth fighting for to resolve, its a way for us to escape censorship, ad revenue profit models and old guard media. That's infinitely better than fucking being stuck watching FOX news and CNN until the fucking end of time.

Anonymous Fri Jul 20 14:47:17 2018 No.10348579

>>10346257
A bank cannot provide instant access to funds regardless of the amount or time of day

> sorry goyim you can only withdraw 500 goybucks from the atm everyday without going into a branch that's only open 6 days a week, 8 hours a day
> sorry goyim even though you came to the branch when it was convenient for us we still can't give you access to your funds because the branch manager needs to approve it, and he's out sick today
> not like it matters much since it would take 2-3 business days to process

Anonymous Fri Jul 20 14:47:18 2018 No.10348580

>>10348467
Social media apps is why we need crypto? Get the fuck out of here with that bullshit.

And, his example of a VISA card proves my point. We HAVE a digital currency, right now, called the USD. It does everything crypto claims to do.

What you idiots can't prove is there's a problem the average person faces, that crypto solves. Most people don't need to hide their transactions. Most people don't care about "THE JOOZ". The system works, for the most part. Yes, parts of it need fixing and updating, and a lot of abuse needs to be reigned in, but switching over to crypto would do none of that. It would inherently have some of the same problems, and wholly new ones, that nobody is in a position to deal with.

Crypto is an interesting experiment, but if there's any conclusion, it's that we're a long ways off for it being used in any serious form, and it needs to stay right where it is, for now. Nobody wants to ban it, but this world wide adoption you idiots think is coming, isn't. And, most of what you daydream about in threads like this would require crypto being retooled into basically being identical to what we have now, for it to work, so it would be a lot of effort and money and stress...for the same thing.

I have no doubt blockchain will evolve. I have no doubt some day, you will be able to start making an argument for crypto that makes sense, but we're not there yet, and it's a long ways off. Very likely, not in your lifetime. This is the seeds of a potential future, at best.

>>	Anonymous Fri Jul 20 14:47:28 2018 No.10348583 If you are against cryptocurrency you are pro censorship. You are against freedom of speech. And you are against the free market.

>>	Anonymous Fri Jul 20 14:49:19 2018 No.10348609 >>10348550 >Get back to work Goy. Yeah, just what I expected, Nazi Youth. All you have is "THE JOOZ", and you can't see crypto right now rips you off as much as the "jews' do, if not worse. Just go sig heil yourself, WhitePowerBoi.

>>	Anonymous Fri Jul 20 14:50:21 2018 No.10348624 >>10348579 I can go electronically transfer the entire contents of my checking account to another institution right now, and the funds will transfer immediately. Try again, HitlerYouth.

>>	Anonymous Fri Jul 20 14:50:52 2018 No.10348634 File: 38 KB, 356x476, the_economic_argument.png [View same] [iqdb] [saucenao] [google] >>10348514 no, I'm saying if crypto did have value, someone would have taken advantage of it by now

Anonymous Fri Jul 20 14:51:10 2018 No.10348635

>>10346257
It's like asking "what problem e-mail solve that mails can't" well it's just better, faster, cheaper duh.
Banks are obsolete, paying people to keep your money for you is like paying a photographer to develop a film in 2002, soon it will end.

>>	Anonymous Fri Jul 20 14:51:25 2018 No.10348642 >>10348583 Nazinigger, please.

Anonymous Fri Jul 20 14:53:02 2018 No.10348672

>>10348580
>Social media apps is why we need crypto? Get the fuck out of here with that bullshit.

Any kind of complex tokenized system where ad revenue is needed as a means for monetized content creation. Social media is one form of this, gaming, goods and services in general.

It all falls under this umbrella.

> We HAVE a digital currency, right now

Yes but it cannot be used for these specific examples. You cannot generate a fiat currency to power a dapp. It would be very illegal. lol

> What you idiots can't prove is there's a problem the average person faces, that crypto solves.

You are ignoring the argument as a means to make it seem like you have one in the first place. We have working examples of this very thing right now and the crypto market is moving heavily into dapps development as we speak.

>Crypto is an interesting experiment, but if there's any conclusion, it's that we're a long ways off for it being used in any serious form, and it needs to stay right where it is, for now.

It works right now.

You are AGAINST freedom of speech, you are a luddite who hates technology You would prefer we all carry around bars of gold to pay for a cup of coffee to fit your world view. You want us to be trapped in a world where we are beholden to corporations for ad revenue.

Its a simple as that. You hate America.

Anonymous Fri Jul 20 14:53:50 2018 No.10348683

>>10348496
yeah the "problem" of bank privacy is a problem we created by social contract. so crypto hardly solves it from that viewpoint.

we could easily have regulation that strictly forbids banks to reveal any information to the irs or any state agency.

Anonymous Fri Jul 20 14:54:12 2018 No.10348691

>>10348609
>Yeah, just what I expected, Nazi Youth. All you have is "THE JOOZ", and you can't see crypto right now rips you off as much as the "jews' do, if not worse.

I already referred to that in jest as a form of agent saboteurs. Since you lack an argument you resorted to character assassination. Proves you are against freedom of speech.

>>	Anonymous Fri Jul 20 14:54:52 2018 No.10348702 File: 98 KB, 900x617, golden bull run.jpg [View same] [iqdb] [saucenao] [google] >>10348634 >>10348634 >>10348634 >>10348634 >>10348634 >>10348634 guaranteed motherfucker

>>	Anonymous Fri Jul 20 14:55:13 2018 No.10348713 >>10348634 >no, I'm saying if crypto did have value, someone would have taken advantage of it by now we have. And we are. You are again ignoring the argument in hopes I attack your strawman.

>>	Anonymous Fri Jul 20 14:57:39 2018 No.10348750 Cryptocurrency allows us to monetize things in new ways so that public figures are not beholden to corporations.

>>	Anonymous Fri Jul 20 15:00:18 2018 No.10348781 >>10348691 Since you lack an argument you resorted to conspiracy theory.

Anonymous Fri Jul 20 15:01:36 2018 No.10348793

So lets skip ahead to the part of the debate where you guys claim crypto based social media is not very popular right now.

But it exists and shows all of the underlying aspects I mentioned this entire thread. The only reason my argument is weak is because its not as popular as facebook.

I want to skip ahead to this part of the argument lol

>>	Anonymous Fri Jul 20 15:01:54 2018 No.10348797 Lehman Brothers

>>	Anonymous Fri Jul 20 15:02:37 2018 No.10348806 >>10348781 Ah damn, we are now going into THAT? Ohh gotta poison the well guys. Cant deal with him any other way.

Anonymous Fri Jul 20 15:04:01 2018 No.10348825

>>10348781
I guess it does make sense it would be better to go the route of saying I am a conspiracy theorist though. It helps you avoid having to tackle the fact that I am right when it comes to tokenized monitization schemes that cannot be done with fiat.

>>	Anonymous Fri Jul 20 15:04:04 2018 No.10348826 >>10348624 > Friday before 5pm est Do this tomorrow night and let us know how it works out for you

>>	Anonymous Fri Jul 20 15:04:45 2018 No.10348832 >>10346539 OP is a pathetic cunt stain incapable of responding to those great points. /thread

>>	Anonymous Fri Jul 20 15:06:03 2018 No.10348850 >>10348624 >Try again, HitlerYouth. NAZI NAZI NAZI! Everyone who wins an argument is a NAZI! HAHAHAHA I don't give a fuck about Hitler or collectivism in general.

Anonymous Fri Jul 20 15:13:06 2018 No.10348948

Anyway I gotta crash out guys, hold down the fort for me against these fucking

Anti freedom of speech, luddite mother fuckers who think social media is not popular or important. We should be beholden to corporations for ad revenue! Don't say something controversial on twitter and get banned guys!

Cryptocurrency outright solves ALL of the problems we see with platforms like facebook, youtube, twitch and twitter. Every time you hear Pewdiepie complain about the ad-pocalypse just remember if he was on a crypto based social media it never would have happened.

Because there are no fucking ads on crypto based social media. HAHA
THAT ALONE IS PRICELESS!!!

>>	Anonymous Fri Jul 20 15:15:32 2018 No.10348979 If someone asks you one use case we can all agree with on crypto. Tell them because ads fucking suck and I block them anyway. Pucker your fucking asses when you look at steemit and don't see ads on the page. That's the power of crypto motherfuckers.

>>	Anonymous Fri Jul 20 15:19:11 2018 No.10349016 >>10346304 can someone explain ops pic related? is this basically saying that the government is taking out massive loans that they wont be able to pay back? Should we be looking at something with more of an equilibrium 50/50 positive negative?

Anonymous Fri Jul 20 15:20:11 2018 No.10349029

>>10348713
>>10348514
>Now your next backstep will be to say those services are not popular enough.
expect minority adoption isn't proof of concept. you can't claim homeopathy is legitimate because there are people who practice and pay for it.
well, I assume your zealous about one of the hundreds of potentially revolutionary technologies because you have some kind of financial stake in it. maybe your time and money would be better spent trying to make the utility you think crypto has. I don't think just advocating for it on a primarily crypto board will actually change anything.

Anonymous Fri Jul 20 15:24:28 2018 No.10349076

>>10349029
> Myspace will never have competition guys!

>maybe your time and money would be better spent trying to make the utility you think crypto has.

I use it.
In the next few years, the vast majority of crypto holders will be people who paid nothing for it. They will have used a dapp and earned it somehow. screen cap this.

That will be the face of mass adoption.

Anonymous Fri Jul 20 15:27:16 2018 No.10349109

>>10348435
You make some good points, but
>where am I going to store my new crypto paycheck
In your own private wallet you dumb nigger, that's a gigantic leap in currency storage and usage. Anybody in the world can make an account with two lines of text.

>>	Anonymous Fri Jul 20 15:29:47 2018 No.10349141 Microtransactions.

Anonymous Fri Jul 20 15:30:23 2018 No.10349147

>>10349029
>you can't claim homeopathy is legitimate because there are people who practice and pay for it.

Crypto based social media on is superior compared to centralized social media anyway. So what you are arguing here is not a good example. censorship resistance with tokenized monotization is a sweet deal. No ads too.

No ads, monitization for everyone, censorship resistant. That's fucking awesome.

Anonymous Fri Jul 20 15:30:55 2018 No.10349161

>>10348580
Yeah, as of right now the system is great (for first world countries). When some Black Swan event occurs in the distant future that disrupts society as a whole, THAT is when gold/Bitcoin will become truly important. You pretend like there aren't any bad actors on the political stage trying to take everything you've earned away from you.

Anonymous Fri Jul 20 15:33:49 2018 No.10349198

>>10349016
no, negative bond yields are when a government charges people to hold their money, when usually it's the other way around. people buy these because stable countries are basically a 100% guarantee. but with the negative yield they'd be more inclined to lend that money to riskier investments like a business, putting the money back into the economy.

>>	Anonymous Fri Jul 20 15:33:49 2018 No.10349199 >>10346264 BASED

Anonymous Fri Jul 20 15:39:14 2018 No.10349261

>>10349147
>censorship resistance
I don't see how micro transactions stops the website owners from censoring their website
>No ads too.
because the site charges it's users directly? still doesn't mean ads can't be there, or eliminate the possibility of conflict of interest. things like magazines are paid for by the readers but still host ads, etc.

Anonymous Fri Jul 20 15:42:37 2018 No.10349290

>>10349261
>because the site charges it's users directly?

No, you can also give it away for free like facebook. You make money when people organically want to use your token.

That's how you profit in crypto.

Crypto provides a new way to make money that doesn't involve charging a fee or having ad revenue.

Anonymous Fri Jul 20 15:45:05 2018 No.10349320

>>10349261
> I don't see how micro transactions stops the website owners from censoring their website

Crypto is far harder to censor so even in the case of someone fucking up really bad it takes a hell of a lot more to get the content taken down.

Meanwhile Twitter and Facebook are held liable if they leave something offensive up for too long. This isn't a thing with crypto.

>>	Anonymous Fri Jul 20 15:49:45 2018 No.10349368 >>10346257 Why do I need a bank? If through technical innovation I can cut out the middle man then why not? Banks charge fees, you have to go into the branch for certain transactions it's just all in all inconvenient.

Anonymous Fri Jul 20 15:50:22 2018 No.10349381

>>10349290
>You make money when people organically want to use your token.
because the value of the token goes up? I'm not going to bother going into it but that's really not how that works.
>>10349320
still don't see how crypto makes it harder for a site admin to delete a post
>This isn't a thing with crypto.
because crypto website won't bother or because there's some technical reason that makes it impossible? what about illegal content like CP?

>>	Anonymous Fri Jul 20 15:54:35 2018 No.10349439 >>10346796 >>10346846 >>10346970 >>10347020 >>10347113 HAHAHAHHAHA the ID NEVER lies

>>	Anonymous Fri Jul 20 15:55:14 2018 No.10349446 >mfw brainlets think inflation is a bad thing

Anonymous Fri Jul 20 15:56:21 2018 No.10349454

>>10349381
>because the value of the token goes up? I'm not going to bother going into it but that's really not how that works.

Yep, this is one of the ways it works. You have a stockpile of the token and you airdrop it to people. Or you make a dapp where people can trade the coin with each other in some way. Token goes up in value as people want to collect them.

> still don't see how crypto makes it harder for a site admin to delete a post
>This isn't a thing with crypto.
because crypto website won't bother or because there's some technical reason that makes it impossible? what about illegal content like CP?

Its a technical reason. Crypto is designed in such a way where its a pain in the ass to modify the blockchain. Its almost impossible.

Illegal content like CP is literally the only example where you will see people get shit taken down. Even then its pretty difficult. As it stands right now ETH is probably going to be the CP coin of 2020 if they don't decide to make sure they setup a method to police things.

Anonymous Fri Jul 20 15:57:44 2018 No.10349468

>>10349446
Why is inflation good? I want my money to buy as much as possible not less. It's only good if you own a printing press. You're calling other people brainlets, but here you are lobbying against your own interests. That's just about the dumbest thing someone can do.

>>	Anonymous Fri Jul 20 16:00:44 2018 No.10349500 >>10349454 >Crypto is designed in such a way where its a pain in the ass to modify the blockchain. Its almost impossible. are you imagining some kind of website that is somehow built on top of blockchain? that's not remotely how the internet works.

>>	Anonymous Fri Jul 20 16:02:51 2018 No.10349525 >>10347020 Sorry, but you are too G4y for the board

Anonymous Fri Jul 20 16:05:22 2018 No.10349548

>>10349500
>are you imagining some kind of website that is somehow built on top of blockchain? that's not remotely how the internet works.

take a look at Steemit, Delegatecall, and Narrative. Narrative is still pretty new. Each of these are built on a crypto. All 3 a monetized platforms, no ads.
There is a new one based on EOS novusphere that is interestings. At the moment its kind of like a 4chan dapp believe it or not. If you like videos and live streaming check out Dtube and Dlive.

These are all amazing examples of the technology and how you can make a business using crypto.

Anonymous Fri Jul 20 16:06:12 2018 No.10349558

>>10349468
money itself isn't supposed to have value, it's the placeholder between owning things that do have value.
it benefits nobody to encourage people to hold on to rocks or paper or crypto when it could be spend buying a tractor to farm fields faster or some shit.
yeah everybody needs a certain amount of liquid cash but generally that value should be moving around doing valuable things.

Anonymous Fri Jul 20 16:08:49 2018 No.10349584

>>10349548
no, I mean the website owners of any one of these could just decide to delete all posts that go against their interests. crypto does't stop that. the technology the website is built on hasn't changed
I think your misunderstanding something very fundamental here

>>	Anonymous Fri Jul 20 16:11:13 2018 No.10349612 No infinite currency in a world with limited resources. We need limited supply of currency until the star trek era or at least when asteroid mining is a thing.

Anonymous Fri Jul 20 16:12:37 2018 No.10349632

>>10349584
>no, I mean the website owners of any one of these could just decide to delete all posts that go against their interests. crypto does't stop that. the technology the website is built on hasn't changed
>I think your misunderstanding something very fundamental here

It would still be on the blockchain. And since its decentralized competitors using the same blockchain would then have an advantage in the market.

For example steemit and busy are both on the same blockchain. If Ned decided to hide posts on steemit those posts would still be there on busy thus it would be pointless.

>>	Anonymous Fri Jul 20 16:14:29 2018 No.10349650 >>10346257 Money printing

>>	Anonymous Fri Jul 20 16:15:15 2018 No.10349659 >>10349612 you want the supply of currency to reflect the supply of resources, which is constantly growing.

>>	Anonymous Fri Jul 20 16:16:45 2018 No.10349685 >>10346257 Limited supply, permissionlessness, anonymity. If you need any more reasons you're clinically retarded and not going to make it.

Anonymous Fri Jul 20 16:18:07 2018 No.10349695

>>10349632
>For example steemit and busy are both on the same blockchain. If Ned decided to hide posts on steemit those posts would still be there on busy thus it would be pointless.
that's not how websites work. but even if it was, the way you described it is functionally the same to how websites already work. people can already upload stuff to multiple websites to avoid censorship

>>	Anonymous Fri Jul 20 16:19:42 2018 No.10349723 >>10346264 First Post is the Best Post Many such cases!

>>	Anonymous Fri Jul 20 16:20:39 2018 No.10349729 >>10346257 Trust

>>	Anonymous Fri Jul 20 16:21:05 2018 No.10349735 >>10349659 No, you want your money to retain its value due to being scarce, rather than it being diluted by the central bank, robbing you through inflation while feeding you such economically illiterate excuses.

>>	Anonymous Fri Jul 20 16:23:12 2018 No.10349756 >>10349735 see >>10349558

>>	Anonymous Fri Jul 20 16:23:20 2018 No.10349760 >>10349659 Governments can't measure resources as they only care about the national economy. Maybe in the near future when the blockchain evolves, we will have some sort of dapp that reports the grow of natural resources being extracted from earth.

Anonymous Fri Jul 20 16:23:41 2018 No.10349766

>>10349695
>that's not how websites work.

Its how a website that uses a blockchain for its content works.

> but even if it was, the way you described it is functionally the same to how websites already work.

Its fundamentally different not only in base implementation but end result as well. You cannot monetize a web page like Facebook without having ad revenue and thus strict censorship.

> people can already upload stuff to multiple websites to avoid censorship

True, but they can be demonetized or banned on both sites very easily. Twitch can ban people for saying something controversial on twitter for example.

>>	Anonymous Fri Jul 20 16:33:30 2018 No.10349881 Government

Anonymous Fri Jul 20 16:36:07 2018 No.10349909

>>10349766
>but they can be demonetized or banned on both sites very easily.
it's not any easier or harder to ban people from crypto websites. actually never mind
you're clearly very confused about how the internet works. you've somehow conflated blockchain's redundancy with website administration. or your entire tech education revolving around blockchain being fundamentally superior to the point that your understanding of how everything else works has twisted to service it. I don't know
I'd like to poke your brain some more but I'm getting something to eat.

>>	Anonymous Fri Jul 20 16:39:35 2018 No.10349948 >>10346257 taxes, transfers fee and speed, not getting shilled constantly by useless as fuck services, and all the above reasons anons stated.

Anonymous Fri Jul 20 16:45:33 2018 No.10349997

>>10349909
I was waiting for you to say this.

For some reason people think Blockchain is some kind of revolution akin to the internet...except it will fix everything and make the internet better somehow and everything will make people passive money, bla bla, etc. It has some helpful utility, but it isn't as revolutionary as the internet.

>>	Anonymous Fri Jul 20 17:35:56 2018 No.10350595 >>10346264 /thread 1488

>>	Anonymous Fri Jul 20 18:10:18 2018 No.10351015 >>10346643 everything besides runaway inflation is good. But apparently people only think of themselves in a short sighted manner instead of what society needs.

>>	Anonymous Fri Jul 20 18:29:27 2018 No.10351254 >>10346532 >easily transactable nice try McAffee

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance