/biz/ - Business & Finance

[Anonymous No.12636877]

Redpill me on the future

[Anonymous No.12636884]

>>12636877
I'm going to die with my passwords too. Fuckers!

[Anonymous No.12636895]

>>12636877
I lost 50k trying to cash out.

[Anonymous No.12636909]

>>12636877

>paying someone to hold your money
>they lost it

that's not the financial future, that's what banks do..

[Anonymous No.12636916]

>>12636877
iExec is the future.

[Anonymous No.12636922]

>>12636877
lmao, crypto is retarded.

[Anonymous No.12636966]

Why does his thing say twitta? I want mine to say that

[Anonymous No.12636978]

That guy fucked up. If you're going to hold that much crypto then you'd better have a dead man's switch.

[Anonymous No.12637065]

>>12636909
i have free checking that's FDIC insured up to $250,000

[Anonymous No.12637074]

>>12636966
Are you fucking retarded?

[Anonymous No.12637083]

>>12636966
He enables nigga mode. It's Twitter's pathetic attempt to pander to blacks

[Anonymous No.12637118]

>unregulated market caused this
This is the equivalent of a US congressman doing an international trade deal with a briefcase of cash and dying in an airplane crash with said briefcase.

[Anonymous No.12637193]

> saying password instead of private key or passprashe

> absolute state of wagecuckery.

[Anonymous No.12637518]

>>12636877
much believable, such embezzlement

[Anonymous No.12637522]

>>12636895
i think i know who you are

[Anonymous No.12637550]

>>12637118
It's more like if that same amount of money was always in a briefcase held by a single travelling man for years.

[Anonymous No.12637587]

>>12637065
unironically believing 'your' bank account is insured!
Go look up the funding cap for FDIC, in the UK its £4.03B! or about 50k accounts @ Maximum pay out!
STOP SAYING THIS NPC SHITE IT WILL HURT YOU & OTHERS.
My fuckin accountant tried to use this BS about it being insured! Lucky i have it in writing so i can go after there insurance (if its still around) for gross incompetence!

[Anonymous No.12637609]

It's the owner's fault for not activating multisig for the cold wallet.

[Anonymous No.12637623]

>>12637065

Retard that means it’s insured in the case of minor loss aka bank robbery type shit. NOBODY can insure your dollars

[Anonymous No.12637634]

>>12637609

This.

>omg this automobiles are so fucking dumb!
>can you believe what happens when the driver forgets to change the oil!
>horses are sooo much better!

[Anonymous No.12637653]

>>12637623
>>12637587
Well then what are you suppised to fo yo keep your money safe no matter what happens to you. If i hit my head and get amnisia all of my crypto money is gone. If i have my money stored in a bank and have amnesia all i have to do is call around banks near me and use my ids to see if i have accounts with them.

[Anonymous No.12637658]

>>12637653
SHUT THE FUCK UP NPC!

[Anonymous No.12637661]

>>12637623
>>12637587
Well then what are you supposed to do to keep your money safe no matter what happens to you. If i hit my head tomorrow and get amnisia all of my crypto money is gone. If i have my money stored in a bank and have amnesia all i have to do is call around banks near me and use my id to see if i have accounts with them.

[Anonymous No.12637669]

>>12637658
Wow great argument.

[Anonymous No.12637670]

>>12637661
>>12637658 was for you!

>If i hit my head tomorrow and get amnisia all of my crypto money is gone.
How fuckin dumb are you?
You leave you funds on exchanges don't you?

[Anonymous No.12637678]

>>12637670
Of course not because exchanges are not safe. They get hacked all the time.

[Anonymous No.12637683]

>>12637669
Guessing you think that that 'money' in 'your' bank account is yours! its not , its the banks!

>>12637678
Well then figure out a way so that if you hit your head/fire/you die...ect, you can recover your funds! How difficult is it!

[Anonymous No.12637696]

>>12637678
Here is mine.
Multiple HW wallets
stainless steel plate with seed engraved on it in a very well hidden safe, that my family knows about.

[Anonymous No.12637721]

>>12637696
If a random family member is subjected to a $5 wrench hack, then all your funds are lost too.

[Anonymous No.12637736]

>>12637721
Wow who would have thought!
Whats more likely?

Family member getting wrench attacked
OR
BANK FAILURE!

FYI You can have passphases on your seed i.e the 25th word...

[Anonymous No.12637882]

>>12636877
A smart contract fixes this.

[Anonymous No.12637886]

>>12636909
Exactly this.

[Anonymous No.12637893]

Humanity has no future.

[Anonymous No.12637915]

>>12637893
>Humanity has no future.
Yea the Zoomers are proving that!
Never has there been a generation with access to so much information, yet arrogant of their own ignorance!

[Anonymous No.12637918]

>lets put all our money into something that anyone can take if they have your private key
>theres no way to get the money back if its stolen
>also, the "money" takes 45 minutes to buy stuff with
>also, the "money" takes up a fuck tonne of energy to use

crypto is fucking retarded. the fact people here are deluded enough to think their shitcoins will moon is both sad and pathetic. normie money is never entering this scam.

[Anonymous No.12637941]

>>12636877
https://forkdelta.app

[Anonymous No.12638017]

>>12637882
You mean chainlink fixes that

[Anonymous No.12638359]

>>12637065
insurance is a tax on idiots who can't do math

[Anonymous No.12638497]

My exit scam senses are tingling.

[Anonymous No.12639277]

>>12637918
Agreed. It’s a bit of a techfaggots mental masturbation job

[Anonymous No.12639432]

>>12637918
Tell that to all the Venezuelan and African people that saw their entire bank accounts dissappear because of inflation. Fiat is a huge ponzi, you can't trust banks, you need a place to store your wealth and a way to perform trade that doesn't involve bartering physical goods for services, since we needed that as a society we endured banking because it was the only way.
Now it's not the only way.
And the private key issue is because we have brainlets getting into crypto. If you have any significant amount of money in crypto you just make a hundred addresses and split your wealth across them. Make stainless steel engraved plates for each and cuck the bank by letting the store them for you. Keep duplicates in other banks.
Have a throwaway address for everyday use and in case you get kidnapped that's the address you cough up
The only scenario you end up with nothing is the banks actually fucking you over by stealing your private keys which can actually be bypassed by making a passphrase and randomizing your seed

[Anonymous No.12639475]

>>12636877

Crypto isn't the future, it's the past we desperately need to get back to, where we didn't offload fiscal responsibilities onto megacorps who then manipulate out economy and start proxy wars in the middle east on our dime. Anyone keeping 25k+ on an exchange deserves to lose it.

[Anonymous No.12639494]

>>12638359
FDIC insurance doesn't cost the depositor anything. So yeah, it's worth having the insurance you dunce.

[Anonymous No.12639629]

This is basically why my boomer mother won't touch crypto

[Anonymous No.12639743]

>>12639432
Good goy, keep buying my funny fairy money

[Anonymous No.12639759]

>>12636877
lol imagine thinking that the masses will use this garbage. nonstop hacks, exit scams, zero recourse for fraud or theft.

[Anonymous No.12639798]

whats the problem?
if quadriga lost their crypto they just have to pay their costumers back in crypto, fiat or fucking gold I don't care.
If you put your crypto on an exchange it is not your crypto, the deposit is only a record of the exchange what it owes you. Just like when you put money in the bank, your deposit is just a deposit of what the bank owes you, but it is not your money.

[Anonymous No.12639802]

Buy gold.

[Anonymous No.12639804]

>>12637587

based and redpilled

[Anonymous No.12639812]

>>12637587
theyd print the money if needed

[Anonymous No.12639821]

>>12638497

[Anonymous No.12639827]

>>12636877
unironically
BULLISH as fuck
it demonstrates that crypto is unceaseble

[Anonymous No.12639870]

Canadas future is a the lovechild of the UK and Brazil. A police state enforcing superficial politeness onto its populace of mutts and shitskins.

[Anonymous No.12639889]

>>12637065
nice bait

[Anonymous No.12639911]

>>12637915
>angry old man yells at clouds.jpg

[Anonymous No.12639959]

>>12637915
Nah millenials were just as bad, they're like boomers but instead of selling out their country they give it away to browns and demand you give it away too. I live in MA and the human soul is real but it's not here.

[Anonymous No.12640130]

We cant trust banks and it's hard to trust your family to learn multisig wallet recovery
The real redpill is establishing tight nit communities that look out for each other no matter what
When a group of people exceeds a certain number we no longer can keep everyone accountable
Blockchain can change this but only if we really push for it and prove its efficiencies

Not going to lie I get nervous holding crypto and gold
Would feel more comfortable having a armed village where we all have each other's back

[Anonymous No.12640246]

>>12636877
This could've been prevented just with a multisig wallet

[Anonymous No.12640549]

>>12639821
Well ain't that about a bitch

[Anonymous No.12640777]

>>12637550
Well, yes, but you get my point. Fully regulated exchanges would have, by law, checks and stops to prevent this sort of thing.

[Anonymous No.12640836]

imagine being dumb enough to think this is really what happened lmao
christ