what the fuck do people use crypto currency for in the first place?

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Anonymous Sat Jan 30 12:34:48 2021 No.27160553 [Reply] [Original]

what the fuck do people use crypto currency for in the first place?

>>	Anonymous Sat Jan 30 12:39:37 2021 No.27160979 I use XRP and XLM for fast, <$0.01transfers between exchanges as well as to buy bullion (direct buy with XRP) and McDonalds (through Uphold debit card). I also use ETH within the DeFi ecosystem to get better rates on savings than any bank offers.

>>	Anonymous Sat Jan 30 12:41:01 2021 No.27161107 >>27160553 For memeing on ebaumsworld faggot

Anonymous Sat Jan 30 12:41:07 2021 No.27161125
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What do you think about binary systems? Do you know any good one on the blockchain? Found BAEXdefi (#baex), a lot of tools, fiat, crypto, stock indices. I'm interested in their referral program, looks like a good opportunity to get passive income for your wallet. blockchain open-source code can be safe imo

>>	Anonymous Sat Jan 30 12:41:11 2021 No.27161133 >>27160979 Wait... you can buy McDonalds with crypto?

>>	Anonymous Sat Jan 30 12:41:51 2021 No.27161205 >>27160553 I use BTC to purchase illegal drugs

>>	Anonymous Sat Jan 30 12:42:35 2021 No.27161272 >>27160979 i didnt understand almost any of that.

>>	Anonymous Sat Jan 30 12:43:37 2021 No.27161401 >>27161107 uhhh i think you mean habbo hotel newfag?

>>	Anonymous Sat Jan 30 12:45:38 2021 No.27161590 I used tokens to get data I needed for a dapp I'm developing. I paid for my house with a coin and I use shit coins as an investment while using the big two as a savings account and retirement.

>>	Anonymous Sat Jan 30 12:45:47 2021 No.27161608 File: 251 KB, 864x1872, Screenshot_20210130-124304~2.png [View same] [iqdb] [saucenao] [google] >>27161133 You can buy anything from anywhere that takes mastercard. Instant settlement is nice too.

Anonymous Sat Jan 30 12:46:01 2021 No.27161624

>>27160553
For me the most useful thing so far has been sending money overseas. With crypto the fees are lover and I know how long it takes to arrive when I'm sending. I live in two countries and need to send money for bills every month as. I send crypto and sell it for local currency in a local cex then withdraw to pay bills.

Anonymous Sat Jan 30 12:46:31 2021 No.27161664

>>27160553
No one actually uses it as currency they only talk it up so they can grow their wealth in terms of USD. If people used crypto reliably and day-to-day it would not be nearly as volatile. People only buy it so they can sell it for their own domestic currency.

>>	Anonymous Sat Jan 30 12:46:56 2021 No.27161697 >>27160553 nothing, it's not real money

>>	Anonymous Sat Jan 30 12:48:38 2021 No.27161853 >>27160553 paying for food and rent with my Binance card Making more crypto farming shitcoins on defi heating my home mining xmr using it as collateral to take loans to invest in small online businesses

>>	Anonymous Sat Jan 30 12:49:19 2021 No.27161898 >>27161697 lmao

>>	Anonymous Sat Jan 30 12:51:43 2021 No.27162095 >>27160553 for "COFFEE" Starbucks accepts Bitcoin

>>	Anonymous Sat Jan 30 12:52:01 2021 No.27162118 >>27161608 >>27161590 since crypto fluctuates in value wouldnt it be a waste to spend it on normal commodities? its like the dude who spent his bitcoin years ack before the boom on pizza, seems illogical

>>	Anonymous Sat Jan 30 12:53:28 2021 No.27162249 >>27162118 I don't use banks, I get paid in crypto. Fiat is dead to me.

>>	Anonymous Sat Jan 30 12:53:32 2021 No.27162256 >>27161624 interesting...works today but will that be viable next month or year? what if the value dives on your coin suddenly? will you be SOL?

>>	Anonymous Sat Jan 30 12:55:21 2021 No.27162392 >>27161608 Doesn't this go against the P2P aspect of BTC?

Anonymous Sat Jan 30 12:55:38 2021 No.27162416

>>27162249
what do you do for work where you get paid in a crypto currency? i do think i read some places were trying it out as a payment method but it sounds strange as possibly irresponsible. imagine working 9 to 5 for a week and the value of your coin crashed a day before you rent is due. im not trying to sound ignorant or argumentative, just genuinely curious to understand.

>>	Anonymous Sat Jan 30 12:56:24 2021 No.27162471 >>27162118 If you trade and were early, spending a dollar is like spending less than a cent, opportunity costs sure, but don't cry about spilled milk or 10K btc pizzas

Anonymous Sat Jan 30 12:57:05 2021 No.27162521

>>27162256
>works today but will that be viable next month or year
Not that anon, but yes of course, blockchain won't magically stop working in a month or a year. Literally the best option for tranfering large amounts of money overseas.
>what if the value dives on your coin suddenly?
You can just convert to a stablecoin if you want and the value will stay the same.

>>	Anonymous Sat Jan 30 12:58:30 2021 No.27162634 >>27162392 When I can spend directly from my wallet I'll switch to that method. Until then this is the best option. In my opinion the future of BTC goes beyond just P2P currency anyway, it's a savings vehicle more than anything.

Anonymous Sat Jan 30 12:59:55 2021 No.27162747

>>27161697
This. I fail to see how crypto is in any way more better than fucking monopoly money. Whenever I see some explanation of whatever blockchain or crypto coin, I always get this gut feeling like I'm being taken for a ride. Probably not unjustified.

>>	Anonymous Sat Jan 30 13:01:33 2021 No.27162874 >>27162747 >I fail to comprehend it, therefore it's not real yeah bro stay with your infinitely printeable """"""real"""""" paper money lmao

>>	Anonymous Sat Jan 30 13:01:35 2021 No.27162877 >>27160553 free money or buying crack/children

>>	Anonymous Sat Jan 30 13:01:44 2021 No.27162893 >>27162416 I work for a large biotech corporation. I just use Bitwage for my direct deposit account.

>>	Anonymous Sat Jan 30 13:02:01 2021 No.27162915 >>27162471 is the entire logic of crypto that you need to e an early adopter to get the most out of it? how would anyone know which one to pick when most of them are probably scams?

>>	Anonymous Sat Jan 30 13:02:36 2021 No.27162971 >>27162915 That's also the entire logic of pyramid schemes.

>>	Anonymous Sat Jan 30 13:03:03 2021 No.27163008 >>27162521 once the value of coin a drops, isnt it too late to convert it to coin b? Because the value has already plummeted? sorry if this is a dumb question.

>>	Anonymous Sat Jan 30 13:03:08 2021 No.27163015 >>27161205 Use XMR it's much much safer.

Anonymous Sat Jan 30 13:05:06 2021 No.27163191

>>27162915
>is the entire logic of crypto that you need to e an early adopter to get the most out of it?
Nope. You are only thinking in speculative trading terms, while blockchain itself is what is important here. Learn about blockchain.
>how would anyone know which one to pick when most of them are probably scams?
By educating yourself, like with anything else. DYOR. Read the whitepaper, check the github, any on-chain data, dev team etc.

Anonymous Sat Jan 30 13:05:15 2021 No.27163200

>>27162915
ratios. Like with every commodity your goal is always to get more, if its cotton, coffee, orange juice, oil or gold, so it is with every shitcoin. Dollar to shitcoin ratio is just one ratio. The only difference being its easier to swap a shitcoin to legal tender than a metric ton of cotton

>>	Anonymous Sat Jan 30 13:05:44 2021 No.27163244 >>27160553 I use BTC to buy physical shit online.

>>	Anonymous Sat Jan 30 13:06:06 2021 No.27163276 >>27162416 Also I convert my monthly bills/spending budget to USDC with my first paycheck of the month so volatility isn't a concern. Basically yes, right now I'm forced to use fiat, but I minimize it to rent + utilities and food budget.

Anonymous Sat Jan 30 13:07:17 2021 No.27163374

>>27163008
>once the value of coin a drops, isnt it too late to convert it to coin b
Yes of course, unless you strongly believe coin b will go up soon. That's why when you have a certain USD value of your coin that you want to keep at that level you just enter a stablecoin like USDC and you will have that exact amount until you want to put it in any other coin or just cash out

>>	Anonymous Sat Jan 30 13:10:50 2021 No.27163670 >>27162971 crypto struck me as an enormous one which is why i never got into it before, i really dont get or understand it. the fact that people haave made money off of it, small fortunes, confuses me when i cant even figure out what its utility is.

>>	Anonymous Sat Jan 30 13:12:29 2021 No.27163801 >>27163191 >Nope. You are only thinking in speculative trading terms, while blockchain itself is what is important here. Learn about blockchain. will do, would youtube be enough or should i just deep dive into obscure google page 10 results?

Anonymous Sat Jan 30 13:15:03 2021 No.27163989

>>27163200
answer me this, once one or three coins reign supreme what use is there for any other coin? Why are there so many? what do any of them have to offer that sets them apart?

>>27163244
like amazon crap? so are you just sitting on a huge pile? what is the advantage of the bitcoin to just using usd for such a simple common act?

>>27163276
im sorry if i missed it in a previous post but something i am still a bit confused on in yur example, is why you insist on using bitcoin instead of a local currency. have you found some way to squeeze out an extra bit of saving using it?

>>	Anonymous Sat Jan 30 13:15:45 2021 No.27164044 >>27163801 Whichever way you prefer, reading or visual information. Here's a good basic start on blockchain and Bitcoin itself for youtube: https://www.youtube.com/watch?v=bBC-nXj3Ng4 blockchain as a technology > crypto currency

Anonymous Sat Jan 30 13:16:30 2021 No.27164102

>>27163670
depends on what aspect you are looking on.
You can simply use it as an extremely convenient, cheap and fast way to transfer value and exchange it to basically every legal tender on the plant through a distributed network of exchanges.
Or you can go full crypto and use deterministic smart contracts which use the capital that is present in crypto for whatever reason it choose to, to accumulate more crypto, and live from it and even go so far to extract value from crypto to other environments. By the basic pyramid scheme meme normies throw around, everything is a pyramid scheme, from fiat money over commodities to life itself

>>	Anonymous Sat Jan 30 13:17:00 2021 No.27164135 >>27160553 Drugs

>>	Anonymous Sat Jan 30 13:17:58 2021 No.27164208 >>27163670 it allows people to bypass banks. i dont have to give the jews my money anymore

>>	Anonymous Sat Jan 30 13:18:42 2021 No.27164271 >>27162893 So do you get paid X amount of bitcoin each pay period or do you get X value of dollars but in bitcoin?

>>	Anonymous Sat Jan 30 13:19:03 2021 No.27164297 money laundering speculation

>>	Anonymous Sat Jan 30 13:19:26 2021 No.27164339 >>27163989 >why you insist on using bitcoin instead of a local currency Fiat currency is a tool of oppression which I don't want to support.

Anonymous Sat Jan 30 13:19:29 2021 No.27164348

>>27163989
As long as there is a market there will be somebody trading it. Imagine a shitcoin that swings between one and two sats, and has well filled orderbooks between 1 and 4 sats. I can think of a few things for which it could be used depending on the overall market situation

>>	Anonymous Sat Jan 30 13:21:39 2021 No.27164527 >>27164271 Basically Bitpay does an immediate market buy of BTC when they receive my direct deposit and then redirect it to my wallet. Saves me a step.

>>	Anonymous Sat Jan 30 13:22:48 2021 No.27164633 buying vpns

>>	Anonymous Sat Jan 30 13:24:00 2021 No.27164745 >>27161272 Fag

>>	Anonymous Sat Jan 30 13:25:24 2021 No.27164858 idk but I Made 3k last year just holding this year I would be more agressive.

>>	Anonymous Sat Jan 30 13:26:30 2021 No.27164968 >>27160553 pornhub

>>	Anonymous Sat Jan 30 13:26:34 2021 No.27164979 >>27164348 The binance card is available now?

>>	Anonymous Sat Jan 30 13:26:42 2021 No.27164989 >>27164527 why would you want to do this though?

>>	Anonymous Sat Jan 30 13:30:35 2021 No.27165318 >>27164989 It's an easy method to reduce my exposure to fiat and limit my support of the central banking system.

Anonymous Sat Jan 30 13:31:29 2021 No.27165394
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>>27164208
this may be an uneducated response so id appreciate a well written answer from you, because i feel i may stand to have something to learn, but what is wrong about giving money to banks? we need to store our money somewhere. we cant keep it all in our house. that in itself is a risk or a gamble that some natural disaster or some burglar wont take it.

so what is the problem with banks? i know there are probably many aspects im not seeing or fully understanding.

>>	Anonymous Sat Jan 30 13:31:33 2021 No.27165397 >>27165318 i mean i get the principal of it, but do you ever get fucked over by it? How do you get cash if you need it?

>>	Anonymous Sat Jan 30 13:32:45 2021 No.27165507 I use crypto to escape taxes on international spending.

Anonymous Sat Jan 30 13:33:17 2021 No.27165556

>>27164102
if it is something faster or easier to convert currency a to b with, such as usd to yen or what have you i can understand it from that perspective, but unless you are some sort of business man i dont think the average person needs this ability, yet it feels like everyone wants to accrue bit coin. i find it very confusing.

>Or you can go full crypto and use deterministic smart contracts which use the capital that is present in crypto for whatever reason it choose to, to accumulate more crypto, and live from it and even go so far to extract value from crypto to other environments. By the basic pyramid scheme meme normies throw around, everything is a pyramid scheme, from fiat money over commodities to life itself

this bit was like another language to me unfortunately, but yes it seems like most things in this world are a scam to fuck us.

>>	Anonymous Sat Jan 30 13:33:18 2021 No.27165559 File: 2.84 MB, 1368x2248, Chinanumbawon.png [View same] [iqdb] [saucenao] [google] >>27164979 Got mine this week

Anonymous Sat Jan 30 13:35:15 2021 No.27165705
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>>27164745
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*stretches out ass*
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whos the fag now?

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Anonymous Sat Jan 30 13:36:40 2021 No.27165826

>>27165318
is fiat some sort of banking service? im obviously very out of the loop of things, thats for being patient. i do appreciate it.

as i asked another anon, what is the problem you have with banks? I just am curious to hear your thoughts im not looking for a specific answer.

Anonymous Sat Jan 30 13:38:05 2021 No.27165960

>>27165397
With my first paycheck I immediately trade $2000 BTC into USDC and send to Uphold to ensure I can pay for essentials. I keep an emergency fund in Compound. Then my second paycheck is kept in crypto. My gf has a bank account so she writes the checks, I just send her USDC instead of using venmo.

Anonymous Sat Jan 30 13:40:25 2021 No.27166142

>>27165394
Not that anon, but a bank can literally halt your entire account at any point in time. Have you read like just 25% of all the papers you signed when you made your bank account? It's basically their money. Not to mention that if a bank run happens you literally won't be able to get any of your money out.
This is just the standard practice of banks, not to mention the even worse current state where you get like 0.01% interest for your """savings""" account, your bank account alone probably costs you more than what you get from it. You basically lose money for holding it with banks, and if shit goes bad then you can lose it all.

Crypto allows you to be your own bank.
>we need to store our money somewhere
Yeah, like a crypto wallet.

Anonymous Sat Jan 30 13:42:59 2021 No.27166348

>>27165826
No problem, it's a fun discussion. Fiat is debt backed money. My problem with banks is that they offer disgusting rates on savings while lending out your money to multiply their holdings by so much more than you get out of it. And thanks to fractional reserve banking, they don't even have to actually hold collateral against your deposit. Then they engage in risky behavior with your money without your consent. It's a system just begging for collapse in my opinion.

Anonymous Sat Jan 30 13:43:23 2021 No.27166383

>>27165556
>Foreign language
It is an undeniable fact that there is a certain liquidity and capital present in crypto at all time, even if it is a meme that btc eth and co are slow, they are faster and more secure than any other way of transacting value between anything on the planet at present time. Means capital allocation works faster more efficient, effective, and stupid actors are not protected but punished instantly, which leads to it being long term more sustainable than lead fiat based markets controlled by bad actors that might prevail do to inertia and hinder better and more profitable capital allocation depending on the whole market situation. And the best of all, it happens through automatic deterministic smart contracts

In easy words, just take any monetarist equation that uses velocity of transactions and look what happens when you put that to +infinity. Thats crypto

>>	Anonymous Sat Jan 30 13:43:43 2021 No.27166404 File: 120 KB, 960x640, 960x0.jpg [View same] [iqdb] [saucenao] [google] So BTC is basically garbage?

>>	Anonymous Sat Jan 30 13:44:04 2021 No.27166438 >>27166142 >nigger takes your wallet at gunpoint there goes your life savings

>>	Anonymous Sat Jan 30 13:44:33 2021 No.27166487 >>27161401 ebaums was before habbo my friend

Anonymous Sat Jan 30 13:45:39 2021 No.27166588

>>27166142
so what you are essentially saying is that in certain unlikely events, a bank can lose your money and you are fucked right? At that point wouldnt the answer be to have 2 bank accounts to diversify some of what you own? Not unlike investing in a few precious metals?

is there a way for you to regain access to a crypto account if you somehow lose your information? I dont understand the concept of the crypto wallet, and will probably look up a video on it in the next 10 minutes. thanks for being chill and answering my questions. by now its probably obvious i am crash course learning this trying to acclimate myself from effectively 0 knowledge of any of this.

a lot of anons wont appreciate your time, but honestly thanks.

>>	Anonymous Sat Jan 30 13:46:25 2021 No.27166658 >>27166404 expensive garbage

>>	Anonymous Sat Jan 30 13:46:52 2021 No.27166698 >>27160553 To start and participate in pyramid schemes.

>>	Anonymous Sat Jan 30 13:47:34 2021 No.27166750 drugs and sex slaves

>>	Anonymous Sat Jan 30 13:47:55 2021 No.27166777 >>27160979 >McDonalds (through Uphold debit card) >>27161133 >you can buy McDonalds with crypto? Christ you fucking retards can't read

Anonymous Sat Jan 30 13:48:11 2021 No.27166803
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>>27160553
I am not into trading. crypto ect at all, I am only here as a cross board lurker because of the little guy sticking it to the jew with GME now, but I do have an opinion and a bit of input.
Firstly, I bought BTC crypto in 2011, 13, 17 and 18 for one purpose, to buy drugs from darknet sites silk road and dream market, which worked fine I got my drugs delivered to the door minus 1 time I got ripped off £70 worth by a scammer, it's the risk you take.
Secondly the group or man who created BTC made the entire concept to make a free decentralized currency that is devoid of being able to be manipulated by (((them)))
In 2012 when BTC was put on the jew machine mt Gox and it went up 1000$ in a day, I knew right then and there that (((they))) had fucking ruined what was a beautiful idea made for good intentions.
Now with X amount of different crypto in the world all being shilled as the next big thing the entire concept has been taken over by average people being greedy creating and trading it for no purpose other than to trade it amongst themselves. The entire concept is ruined.
So to answer OP, you can barely buy anything with it except illegal black market stuff and occasional retailers that would allow it to be used, other than that it is just a stupid trading commodity that has no inherent value at all...a charade.
That original BTC I bought in 2011 is worth over 100k now if I had just kept it, but getting high on LSD was the only reason I bought it, mission complete.

>>	Anonymous Sat Jan 30 13:50:00 2021 No.27166942 >>27166438 How will he "take it" when it's not a physical thing? And no one even knows I have it? As far as public goes, I only have a bank account. And what more security do I have if I have it all in my bank? Bunch of absolute horseshit.

Anonymous Sat Jan 30 13:50:13 2021 No.27166965

>>27166348
im glad youre enjoying it i dont like forcing people to answer my dumb questions if its mind numbingly boring for them.

i have always associated fiat with the automobile company have never heard it in this term before. banks do definitely make money by investing your money without your knowledge, or everyones really so it gets sort of abstract i suppose. "your" money could be in 100 different small investments at once i guess until you come to withdraw from the bank.

i guess the way ive always seen it is as long as they have it when you need it, since you werent using it at the time anyway, no harm no foul. But i guess if the bank absolutely fucked up and lost a huge amount of money on multiple large investents, then they wouldnt have the ability to give you your money back. in that case you and a lot of other people could be fucked. but at that point what would happen? Would the government give them money to give to us? Ive never really thought about that before.

Anonymous Sat Jan 30 13:54:37 2021 No.27167325

>>27166383
i think i got the general gist of this after rereading it twice. you seem to feel that despite how abstract crypto is that in its own way its more secure than traditional currency that can be manipulated or fucked with. you seem very knowledgeable about all of this, are there some good resources or jumping off points you can suggest for me to start learning about crypto? Like youtube channels or something? Its pretty apparent i need to familiarize myself with a bunch of basic concepts at this point.

>>	Anonymous Sat Jan 30 13:56:20 2021 No.27167482 >>27166438 i have been curious where people keep their information for their bitcoin wallet, even if the term wallet seems to be a euphemism of some type for a login or digital account >>27166487 ebaums world ripped off roblox

Anonymous Sat Jan 30 13:56:27 2021 No.27167494

>>27166965
I consider any individual account ultimately as just an agent contributing to a global liquidity pool. The money is ultimately directed by the whims of the banks. If liquidity dried up due to banks engaging in risky behavior like they do lending to hedge funds that are shorting stocks/precious metals over 100% and the world decided it wasn't worth buying US debt anymore, you witness mass liquidations of assets into fiat that would lead to hyperinflation and a devastated economy. I wouldn't be surprised if this GME shit is a psyop run buy enemies of the US as a tool of economic warfare.

Anonymous Sat Jan 30 13:57:40 2021 No.27167580

>>27166588
>At that point wouldnt the answer be to have 2 bank accounts to diversify some of what you own
When a bank run happens, basically all banks get fucked. Bank runs don't happen just because of one bank in most cases, but the entire system collapsing. And it's not like a different banks today have any big differences, they all operate pretty much the same and give out pretty much the same laughably small interest rate for your money.
>is there a way for you to regain access to a crypto account if you somehow lose your information?
If you lose all the information, no. That is the thing, you become your own bank and you are in charge for keeping it secure. But if you invest like 10 minutes of your time to encrypt and secure all the info you need to access it, you're more secure than ever before. I can now go to any country in the world with absolutely nothing on me and get access to my crypto with nothing but an Internet connection.
>thanks for being chill and answering my questions
No problem. But I'd advise you to first read up on the basics and then start asking questions, because you seem to go left and right without actually grasping what blockchain even is. It's not that complicated

>>	Anonymous Sat Jan 30 13:58:33 2021 No.27167647 File: 85 KB, 1000x752, 1612027959989.jpg [View same] [iqdb] [saucenao] [google] >>27160553 mostly pic related or to get partyvanned

>>	Anonymous Sat Jan 30 13:58:47 2021 No.27167666 >>27161272 guys... we're still early

>>	Anonymous Sat Jan 30 13:59:37 2021 No.27167721 File: 28 KB, 460x317, post2.jpg [View same] [iqdb] [saucenao] [google] >>27167666 btc is oldtech now get of my board stupid hipsterfag

>>	Anonymous Sat Jan 30 14:00:20 2021 No.27167777 >>27160553 Pajeets and vodkas make them so that idiots on /biz/ and reddit think they can make a profit by directly giving them money for memes

>>	Anonymous Sat Jan 30 14:01:44 2021 No.27167865 >>27166942 uh, guards? Security cameras? A vault? Banks have these things.

Anonymous Sat Jan 30 14:02:56 2021 No.27167972

>>27166803
so, as people trade crypto from one hand to the other, eventually it ends up in the hand of someone who intends to use it, right? i just am curious when it reaches that end user what they use it for. your anecdotal story is more believable than the guys on here who claim to have used it to buy pizza or fast food. when it would be less of a hassle to use change found in the couch. i dont doubt people have done it, but the idea of setting up a wallet for crypto to buy mundane things like a 5 layer burrito just doesnt make sense to me other than to larp for a moment that you live in deus ex or something.

out of curiosity, how many places use or accept bitcoin these days? its interesting that it has achieved any amount of legitimacy at all, and it is sort of an accomplishment seeing as its made up. but at the end of the day all money is made up. just some are backed by countries. so in the end it gets back to my original question ive asked, why do some cryptos take off and others dont? Why does bitcoin (other than being the first) gain traction in the real world and not others? what standards have to be met? sorry for my word vomit post. its sort of a fascinating bizarre subject.

Anonymous Sat Jan 30 14:03:12 2021 No.27167994

>>27167325
Crypto isn't more abstract than any other human made operationalization of a concept. On the surface the bank owning your house or your house being tokenized and held as a collateral on a smart contract, on the conceptual level not much difference, but where the bank could go belly up for any external reason or hold you hostage refusing your back payments or delay them, the smart contract is deterministic and instant
>Where to start
Unironically binance knowledge base. If I were a decade late like the new frens, I would be glad if something like it had existed back in the day

>>	Anonymous Sat Jan 30 14:04:36 2021 No.27168101 >>27160553 to pay to fuck your mom.

Anonymous Sat Jan 30 14:08:33 2021 No.27168409

>>27167865
He comes to you and tell you at gunpoint to tell your bank to get 100K ready to cash out tomorrow and holds you at gunpoint for 24 hours for it. What then?

I just give this imaginary ridiculous man a dummy Ledger with like 0.25 BTC and some shitcoins and that's it. My house has security cameras and a vault too, not that big of a deal.

Anonymous Sat Jan 30 14:11:48 2021 No.27168673

>>27168409
your post sort of sounds like an elaborate larp, if you have security cameras and a vault in your home you sort of sound like a james bond villain lite, but i sort of like that.

Post a picture of part of your home without doxxing yourself some how. I just want to see if you have some impressive penthouse mansion looking thing or if you are taking the piss out of us.

Anonymous Sat Jan 30 14:14:34 2021 No.27168887

>>27167994
i guess at the end of the day all money is made up. just some is backed by countries, well most if not all. and that is what gives it its sense of legitimacy. i was telling someone recently that apparently, for a while, counterfeit japanese coins had more value than the real gold coins in japan for a while, for whatever obtuse arbitrary human reasoning. nothing about anything ever seems to make real sense if you dig down deep enough.

is binance knowledge a website or a youtube account? is it something more like a web 1.0 site? or is it somethng like a forum? I will check it out later im on a pc i use for work and i dont like going to random websites on it. thanks again.

>>	Anonymous Sat Jan 30 14:16:45 2021 No.27169070 Guys thanks a lot for this thread, enjoying the discussion a lot, after one year of wage slaving I'm ready start learnign so I can invest in crypto.

>>	Astronaut Sat Jan 30 14:17:46 2021 No.27169151 File: 1.53 MB, 826x834, rubic3.png [View same] [iqdb] [saucenao] [google] >>27169070 join us.

>>	Anonymous Sat Jan 30 14:20:08 2021 No.27169321 Used btc to buy drugs for about 5 years Still doing the same thing except now I use XMR There is something liberating about buying drugs on dnms. Like for a small moment you're part of something that's supposed to be this way

Anonymous Sat Jan 30 14:20:15 2021 No.27169330
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>>27167580
so a bank run more or less seems like a economic depression of some sort if i understand correctly. it seems like if an event like that happened where that many banks got fucked, the life for the average citizen would be chaotic and utterly fucked up. i suppose that is one of those "precious metals" scenarios where people have those in case paper currency for some unforseen reason becomes worthless. ill look more into that term to educate myself on it. ive been meaning to get a better bank account and i havent really dont the research yet of picking the best set up so this is actually kind of a good topic and time to learn all of this stuff.

is it like a tripcode where you basially just have a password or something memorized? that is actually a pretty cool scenario you listed. people get their wallet and passport stolen in other countries sometimes. in a scenario like that, could you just go into some estabilishment or some kind of bank like building and just access the crypto account even without your phone? that would be a godsend in such a scenario.

and to answer your last point, with full transparency, i have 0 knowledge of anything related to bitcoin, stocks, or any of that sort of thing. i have just finished college, a bit later than i would have otherwise liked, and am trying to get my life set on track. a bit behind schedule obviously. thanks for fun convo anon. im sure its helped other people on here lurking not just me. it wasnt time wasted.

i also pingpong around a bit when im really interested in something. chalk it up to adhd or whatever.

Anonymous Sat Jan 30 14:21:56 2021 No.27169470

>>27167972
>why do some cryptos take off and others dont
First mover advantage and proven track records. Bitcoin is not a great currency directly (unless lightning network takes off), but it is an effective settlement layer because for whatever reason, people want to buy it. There's many arguments as to why. At the very least, as the worlds first cryptocurrency with 13 years of proven track record as a secure settlement system, it is a collectors item. Who sells a collectors item for less than they bought it for? What miner would sell for less than the cost of mining?

Anonymous Sat Jan 30 14:22:50 2021 No.27169539

>>27167494
this is a bit of a tangent, but do you think all countries would be better off if they found ways to be less dependent on each other economically ? more financially independent? or is that just a pipe dream? I think countries fuck with eachother so much that as a matter of security countries should try to find ways to be more self reliant and self sufficient but it seems like all countries are all reliant on 20 other ones so they are constantly dicking with eachoth and tripping over eachothers shoes. i am just a pleb though so i dont really know for sure if there is any sense to what im saying.

>>	Anonymous Sat Jan 30 14:24:29 2021 No.27169685 >>27169539 deglobalisation is a thing we will see how it plays out bet accordingly

>>	Anonymous Sat Jan 30 14:25:12 2021 No.27169749 >>27169470 i do suspect that bitcoins main advantage is just being the first, like with many industries or brands or whatever. its kind of a bullshit reason to succeed but thats human nature.

Anonymous Sat Jan 30 14:26:18 2021 No.27169858

>>27169070
op here i did the wage slave thing for years while finishing college and it never really paid off, if anything i think it set me back more ironically. its kind of fucked up how things work out. could have used my time way more effectively, but i was too tired and burned out to learn anything like this.

Anonymous Sat Jan 30 14:26:47 2021 No.27169895
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>>27169070
>Guys thanks
>>27168101
>fuck your mom.
>>27166348
>, it's a fun discussion
>>27164102
>extremely convenient, cheap and fast way to transfer value
>>27163008
>once the value of coin a drops, isnt it too late
>>27162893
>I work
>>27161133
>you can buy McDonalds with crypto?
>>27160979
>I use XRP

Yep, it's over. After 4 long years I am finally liberating myself from this place. It was fun while the board was semi-alive.

Anonymous Sat Jan 30 14:28:34 2021 No.27170027
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>>27169895
op here ive been off and on this site since like 05 or something im not really sure what youre trying to imply, but there have always been anons that try to be chill to eachother. maybe if i

*spreads asshole*

BR RB BRP BRAP BRAP BRAP

in your face you would feel more comfortable?
pp--p p p p p pRRRRRRT

Anonymous Sat Jan 30 14:30:59 2021 No.27170239

>>27169539
>do you think all countries would be better off if they found ways to be less dependent on each other economically?
This is dangerous thinking in 2021 ;)
What you're describing is a resource backed currency system and it had been around for thousands of years before this past century.

>>	Anonymous Sat Jan 30 14:36:06 2021 No.27170660 >>27170027 brapposters get the rope

Anonymous Sat Jan 30 14:40:41 2021 No.27171024

>>27170239
since the world has so many varying climates and continents, i suppose some countries will always rely more on others. Russia for example, i imagine most of the land is cold and barren and difficult to farm on. I have no clue what natural resources they have to work with honestly. I was just spitballing an idea. what do they have? snow and oil?

I think a lot of peoples hostility in life towards others comes from a sense of insecurity and i think that humanistic tendency can at times scale up to countries possibly. consider a independent friend you may have who is self reliant and does everything on their own, sometimes people like that are the most relaxed and friendly and helpful because they have nothing to lose or gain if someone turns on them. but compare that to social climbers in a friend group who are overly defensive and catty. they always need something from someone or want something and because they are not self reliant, sometimes those friends that we have are the most combative or hostile. because they feel like they NEED everyone to like them or whatever. and sometimes that is what pushes people away. and sometimes that insecurity is what causes people like that to sabotage others so they themselves dont fall to far behind. soemtimes those people later in life turn out great once they find their wings so to speak and learn to just do things on their own.

i wonder sometimes if that basic logic could be scaled up to world economics or not. just idle early morning rambling i guess.

>>	Astronaut Sat Jan 30 14:42:09 2021 No.27171159 File: 16 KB, 224x299, allthatshit.jpg [View same] [iqdb] [saucenao] [google] >>27171024

Anonymous Sat Jan 30 14:42:38 2021 No.27171196
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>>27170660
legend has it that during large scale conflicts during the height of the 100 years war between france and england, the massive brap clouds over the battlefield could be seen from miles away. brapping is an old past time. respect your culture and history anon.

>>	Anonymous Sat Jan 30 14:43:40 2021 No.27171283 File: 1.47 MB, 460x574, 1597524552305.webm [View same] [iqdb] [saucenao] [google] >>27171159

>>	Anonymous Sat Jan 30 14:47:02 2021 No.27171584 If you ever used it it's fucking fantastic. Bought a watch with it

Anonymous Sat Jan 30 14:52:09 2021 No.27172004

>>27171024
Everything is fractal, the philosophies that drive the behavior of the individual definitely scale up. Jealousy and greed is what ultimately topples empires, self-reliance and confidence is what builds them up. Once you start to apply this stuff to finance life is on easy mode.
It's been excellent talking to you, I have to run now. Welcome to the crypto space, newfag.

>>	Anonymous Sat Jan 30 14:52:41 2021 No.27172060 >>27172004 take care

>>	Anonymous Sat Jan 30 14:53:33 2021 No.27172138 >>27168887 its just the encyclopedia by Binance. Not sure if the name is really Binance knowledge base or Binance academy. Its a wiki style part of binance where a lot of crypto related themes are explained Just go to Binance.com and you will find it

>>	Anonymous Sat Jan 30 14:54:04 2021 No.27172190 >>27160553 >what the fuck do people use crypto currency for in the first place? Buying more crypto.

Anonymous Sat Jan 30 14:59:20 2021 No.27172653

>>27172138
sounds very comprehensive, i like having a bunch of term and definitions and things to sort through at once.

i googled it and it looks like its something that had some sort of legal even surrounding it, is there some kind of history following the website/tool?

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