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30106715 No.30106715 [Reply] [Original]

Something incredibly based... With Bitcoin... you actually become your own bank and don’t need to use a bank ever again. You can literally take out loans against yourself and you pay yourself with interest. You can essentially be just like the FED but for yourself... Holy shit...

>> No.30107879

>>30106715
until it all collapses

>> No.30108703

>>30107879
What would cause it’s collapse?

>> No.30108743

>>30108703
a better coin

>> No.30108750

>>30106715
If everyone is their own central bank wouldnt that mean that there is no trade anymore ?

>> No.30108773

>>30108703
global economic collapse, which is coming eventually just don't know when

>> No.30108782

>>30106715
are you high?

>> No.30108829

>>30108750
No they just trade between themselves

>> No.30108880

>>30108743
LOL no, we already have those. Nobodies dethrowning the king anytime soon

>> No.30108890

>>30108829
How will prices be fixed ?

>> No.30108926

>>30108890
free market

>> No.30108941 [DELETED] 

>>30108773
This is just nocoiner cope/precious metals prepper retardation.

Lets never invest, or only invest in gold/silver (which never goes up) because of the chance of a dooms day event, which then nothing actually matters.

Its such a retarded fucking moronic way to live, you literally live some fucked up pointless life in where you focus on prepping for an eventual dooms day event, at that point, why not just kill yourself now? Nothing you can do to prepare for what you think will happen eventually will matter anyway, so your entire mindset is illogical, completely illogical.

Now this is why I call you a seething envious jealous nocoiner, because our envy and jealous makes you come up with these moronic arguments which make 0 sense, because you know you fucked up and missed the boat and now your only way to cope is to daydream about a dooms day scenario in which everything fails, like you have, because you want everyone to be a failure like you.

>> No.30108977

>>30108773
This is just nocoiner cope/precious metals prepper retardation.

Lets never invest, or only invest in gold/silver (which never goes up) because of the chance of a dooms day event, which then nothing actually matters.

Its such a retarded fucking moronic way to live, you literally live some fucked up pointless life in where you focus on prepping for an eventual dooms day event, at that point, why not just kill yourself now? Nothing you can do to prepare for what you think will happen eventually will matter anyway, so your entire mindset is illogical, completely illogical.

Now this is why I call you a seething envious jealous nocoiner, because your envy and jealousy makes you come up with these moronic arguments which make 0 sense, because you know you fucked up and missed the boat and now your only way to cope is to daydream about a dooms day scenario in which everything fails, like you have, because you want everyone to be a failure like you.

>> No.30108980

>>30108926
So a monopolist can set every price he wants ? That would be my dream world.

>> No.30109035

>>30108890
The banks have nothing to do with fixing prices, they're just here to scam us.

>> No.30109062

>>30106715
OH NO, HE KNOWS. BUY ETH, BUY LINKIES. DO NOT BUY BITCOIN. I REPEAT, IT'S A BOOMER COIN. IT'S ENERGY CONSUMPTION. USED BY TERRORIST. AAAHHH RRREEEEEEEEE

>> No.30109074

>>30108977
didn't read your blog faggot

>> No.30109117

>I just realised decentralization is decentralized

>> No.30109131

>>30106715
>You can literally take out loans against yourself and you pay yourself with interest.
what?

>> No.30109138
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30109138

>>30106715
When my gf leaves the house, I like to shit with the bathroom door open

>> No.30109149

>>30108890
Between participants. Enter Chainlink to feed data into those decisions.

>> No.30109236

>I just realized if i buy into a production monopoly now - i can set every price i want.

>> No.30109253
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30109253

>>30109138
>doesn't do it when she's there to assert dominance

>> No.30109395

>>30108773
We’re experiencing an economic collapse right now and BTC is appreciating against every thing else. What is wrong with you?
>>30108782
You just don’t get it yet, but man oh man, this shit is truly a renaissance event. Oh I’m so happy for us all.

>> No.30109440

>>30106715

You will never be a real bank. You have no withdrawal facilities, you accept no deposits, you make no loans. You are a deluded day trader twisted by drugs and filter bubbles into a crude mockery of financial perfection.

>> No.30109444

>>30108773
Are you retarded? A global economic collapse would not cause BTC's collapse, a global catastrophe would

>> No.30109488

>>30109131
like, I give myself some bitcoin, from my "bank" address, to my "personal" address. Then I pay that back over time, with interest, while deducting the interest from my tax forms.

>> No.30109511
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30109511

>>30109131
You know how when you get a loan you have to pay interest on it? Well, when you take out a loan against yourself who do you pay?

>> No.30109571

>>30109488
Oh that actually makes sense

>> No.30109593

>>30109440
This one smells like a no coiner. What are you doing here?

>> No.30109607

>>30109138
> not shitting in the sink

>> No.30109609

>>30109395
Bitcoin is highly correlated with the bubbly stock market. Plan accordingly.

>> No.30109611

>>30109074
hes right, you are a sad deluded fuck watching from the sidelines

>> No.30109622

>>30108773
So buy bullets, potable water, and non-perishable foodstuffs.

>> No.30109641

>>30109444
Checked

>> No.30109689

>>30109609
No it’s not, it’s negatively correlated with the dxy

>> No.30109772

>>30109689
Bullshit and you know it. That's why it's being pumped by celebs, to stop the dollars fall. It's 100% driven by year 2000 style dotcom speculation.

>> No.30109910

>>30108977
this, if you think the world is gonna end you are retarded and probably never read a book in your life. catastrophes happen all the time, war, plagues, etc. Guess what retards humanity continues on as normal, we put a new guy in charge or a new party takes over for a few years but life goes on, and you go back to tilling the fields for your master, there's no such thing as a global collapse and you're not gonna become a king because you horded a bunch of rocks.

Yeah I will agree metals are better than cash but if you think they will become the new standard of currency because all of society is gonna crumble and electricity will just magically disappear because a guy you don't like is in office, then you are mentally ill. This isn't the walking dead, we live in real life

>> No.30109992

>>30108703
Bitcoin is pure speculation. The day people start to say that it's a useless, worthless piece of trash again, as it should, it will go to 0 probably bringing every other coin down with him.

>> No.30110221
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30110221

>>30109772
Just check the charts

>> No.30110323
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30110323

>>30109138
Get a wife and you can shit with the door open, with her standing in the door talking about finance in the reek of your shit

>> No.30110398

>>30108980
What does anti-monopoly regulation have to do with banking retardo? The government can regulate the market however they want, nothing to do with central banks or any banks.

>> No.30110423

>>30109488
you cant do it with real wallets.
>my other pair of pants owes me 10k

>> No.30110452

>>30110398
I always thought crypto was anti-government ? How could the governemnt regulate defi ?

>> No.30110456

>>30109910
Fall of Rome
Collapse of USSR
Weimar Republic
if you dont know how this (manufactured) cycle works by now we can't help you

>> No.30110467

>>30106715
kek based retard

>> No.30110986

>>30109511
Ok, serious question. How can I take a loan against my Bitcoin. I currently store it on binance with 1,20% yoy flex interest

>> No.30111006

>>30110456
These all failed because of poor government and currency debasement. While Ag and Au will be great for store of value they’re not compatible with our way of life now. There’s no way you can pay for products online with them because that’d be the equivalent of using cash to pay for stuff on Amazon. Sure you could maybe give the pms to a custodian and they give you a card to spend it but why would you do that? Is the goal not to save and decentralization? Also, Bitcoin is free from market manipulation and easily transferable no need to pay exorbitant transfer/shipping fees unlike the pms so you can easily trade it if you wanted to.

>> No.30111101

>>30110986
Idk how yet

>> No.30111206

>>30111006
Good thing we don't have poor government or currency debasement today huh?

>> No.30111221

>>30111006
richest society in history with a smartphone in every pocket and btc is still at 1% adoption.
you think you're gonna be able to buy groceries from some boomer when water and power are intermittent?

>> No.30111329

>>30110456
>Collapse of USSR
Kek, no one used silver/gold coins to buy groceries. We used to barter with cars, clothes,

>> No.30111375

>>30111329
Yeah because next to none of you had gold or silver I'm guessing. Also you didn't have the worlds reserve currency.

>> No.30111457

>>30109992
Fucking this

>> No.30111459

>>30109992
not happening

>> No.30111497

>>30109992
Bitcoin is a useless, worthless piece of trash

>> No.30111529

Fuck this shillers! if they rlly think im so dumb to follow their links for a scamshit, they will defin die from schizo
we don’t need your shit when we have the upcoming graphene airdrop, lol. the only fucking way to get graphene is the airdrop

>> No.30111565

>>30108703
>Tether
>the leverage ponzi of Binance/ByBit collapsing

>> No.30111596

>>30109444
Trips of truth

>> No.30111625

>>30106715
literally the first row in the bitcoin whitepaper u donkeypenis slurping retard

>> No.30111650

>>30111375
Yeah, but that's because we're not panicky like you, burgers. Inflation and I highly doubt you'll get anything more than 20% inflation, is not the end of the world. You'll notice it in the shop, but it's really not a big deal if you don't have a huge chunk of cash under your mattress.

Anyway, no one will accept your coins in Macdolands and no one will sell you a house for your rocks. However, 1 BTC = 1-bed room apartment is a perfectly plausible outcome of this decade.

>> No.30111708

>>30111650
And you won't even need to sell bitcoin to buy a house.

>> No.30111796

>you can be your OWN ponzi scheme!

>> No.30111847

>>30108703
my dick

>> No.30111875

>>30111650
Hahaha yeah because oligarchs took dollars in there and bought up all real assets. One bitcoin might fulfil your amazon or doordash order in the future but that's it. It's only good for surveillance and letting financial institutions skim off the top.

>> No.30112016

>>30111875
Anon, Bitcoin will be for the World, what the US Dollar was for USSR. Can't you see this?

>> No.30112242

>>30112016
For some stupid reason people worshipped the dollar back then, but gold is a tier 1 asset and is held by nationalist countries today. What happens when the dollar collapses? China and Russia aren't going to have Bitcoin as a reserve currency.

>> No.30112414

>>30110452
Do you know what the words you use mean? What does defi have to do with monopolists? Are you implying a defi platform itself can become a monopoly? How the fuck can that happen exactly, they have no way to squeeze
competition out of the market.

>> No.30112583

>>30110323
>Get a wife and you can shit with the door open, with her standing in the door talking about finance in the reek of your shit
haha I have a wife but I couldn't imagine doing this wit her delicate senses.

>> No.30112592

Very few people realize that OP is being sarcastic. Sad.

>> No.30112617

>>30106715
pretty sure dhedge does this too

>> No.30112641

>>30106715
until you forget your wallet key and lose everything. try physical gold. you’re so close yet still so bluepilled.

>> No.30112993

>>30112641
my physical gold was buried in the yard and I forgot where I put it, now I can never find it again!!!! Then the second time my gold was in a vault, but I lost the key to my vault! now I've lost it forever... :(

>> No.30113174

>>30107879
Until the Jew banking system collapses and were all filthy rich.

>> No.30113204

>>30108703
>chinese 51% attack
>censorship
>network collapse
>regulation
>non-fungibility

>> No.30113263

>>30109992
United States Dollar is pure speculation. The day people start to say that it's a useless, worthless piece of trash again, as it should, it will go to 0 probably bringing every other fiat currency down with him.

>> No.30113424

>>30108977
I can tell just from your grammar that you aren’t intelligent.

>> No.30113547

>>30109611
That guy was fucking retarded even if he was right

>> No.30114687

>>30106715
Let me guess, you just started crypto trading?
Here's a news flash bucko, there are about 2.5 million BTC left to mine.
Miners get BTC as a reward for calculating the transcations.
What do you think will happen when all the bitcoin will be mined and miners won't get any rewards?
A. Bitcoin transactions will stop and no one will be able to send or receive funds.
B. Miners will come to a consensus to add more to the total supply so they could get rewards for their handwork.

>> No.30114792

>>30112242
>For some stupid reason
read your histories and find out. or remain ignorant. your choice.

>> No.30114822

>>30109992
this is fucking retarded
i save in bitcoin both for personal savings and company retained earnings, so do other hundreds of thousands of people
why would you keep your savings in fiat?
this morning 1.5M in BTC and 15.3k in the bank
i received an email from the bank stating that above 15k they are going to apply negative interest rates, lmao, just sold the remaining fiat for btc, it's a no brainer
i don't care if btc does a 5X or a 20X
15/25% per year is enough to beat asset inflation
with fiat you are guaranteed to lose 15/25% of purchasing power per year

>> No.30115070

>>30114687
>What do you think will happen when all the bitcoin will be mined and miners won't get any rewards?
tx fees will rise. miners get paid. smaller wallets get locked because of gas fees. bitcoin is deflationary. Sounds like a dream.

>> No.30115119

>>30113204
>chinese 51% attack
this is fucking retaded
miners will relocate if china tries to mess with them and they have zero incentives to attack the network, since they live by selling btc, so the higher the price, the better for them, they have all incentives to protect the network
and now chinese pool hashrate dropped below 65% and it's increasing all around the world
miners are starting to move operations were hydro/wind/solar power is cheap
>censorship
useless, nigeria banned bitcoin and btc usage skyrocketed, and now nigerian currency is worthless and useless
china banned it, everybody moved to japan and korea
iran banned it, then they started mining it
venezuela banned it, then they started mining it
attacking btc always fires back
>network collapse
50 to 100k nodes validating the network, literally impossible to take down
there are nodes running on internet, nodes running on satellites, nodes running on alternative radio communications
it's literally impossible to stop it
>regulation
kyc/aml are already in place
tax on crypto is already regulated
there is nothing more they can do
>non-fungibility
coinjoin, taproot
this is all some trash tier fud

>> No.30115246

>>30115119
>>chinese 51% attack
really the ccp is way more fragmented than people believe. Local party members are like little kings in their little fiefdoms. This amount of coordination just wont happen.

>> No.30115410
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30115410

>>30108977
>Lets never invest, or only invest in gold/silver (which never goes up) because of the chance of a dooms day event, which then nothing actually matters.
I'm just wanting for a good entry point after a "economic collapse" Feel dubious investing at the peak of a bull market

>> No.30115535

>>30111221
Why would i need internet if i can go to the store? A neighbour of mine has a computer and he just plays games and does some electronic mailing and spreadheets. I can't see this going anywhere. besides less than 1% of households have one, who am i goin to send emails to?

>> No.30115574

>>30109440
But it's easy to accept deposits. Immersion ruined -3/10

>> No.30115709

>>30109992
>r/buttcoin

>> No.30115907

Imagine holding gold that crabs around 1800 for the past year while btc goes from 3k to 60k
Imagine holding silver that crabs around 15-30$ while every single alt going goes 100x
Goldfags got btfo real inflation is probably close to 25% and government is printing trillions more. Gold is not moving for shit

>> No.30116727

>>30108977
just buy a rifle with a decent sum of ammo and always have a well stocked pantry with a large quantity of carbs (noodles, pasta, rice) along with a bottle of multivitamins
a lifestraw costs $20
boom you're now a fucking king in the collapse the above list takes care of 99.9% of your problems
+1 to buy some fish antibiotics online, which again cost like $20 for a lifetime supply

>> No.30117107
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30117107

>>30113263
The dollar and most FIAT has legal tender and can be used to settle all debts, public and private. It is by definition established as part of the social contract. Bitcoin is an speculative asset, nothing else. People try to predict it's price and buy it hoping to sell later for a profit denominated in... you guessed it... FIAT.

>> No.30117138
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30117138

>>30107879

>> No.30117258

>>30109138
Get out normalfag

>> No.30118206

>>30108743
ada skizo detected
>>30109149

>> No.30118475

>>30117138
Wow guys the establishment is totally on our side now! Nothing like some astroturfed celeb involvement to keep your assets locked up in the system right?

>> No.30118606

>>30106715
It's just a meme anon. Don't get stuck holding bags above $100K if we get there.

Chainlink is still probly a decent buy for a 5 year hold.

That said, I'm all about xBTC these days. could possibly 100x like AMPL and nobody would bat an eye.

>> No.30118686

https://cryptotips.eu/en/news/microstrategy-lost-13-billion-during-dotcom-bubble-could-history-repeat-itself/ History will repeat. This time it will just be funny.

>> No.30118873

>>30112414
Kek. Are you retarded ? Thats exactly my point. I invest in a monopoly and set the price for my goods. Its my decsision what i take as payment. Who would stop me in decentraliced finance ?

>> No.30119056

>>30118686
are you one of the morons who thinks Elon lost 10b cause the share price dives?

>> No.30119294

>>30119056
No, but we're seeing a similar pattern play out as during the dotcom mania. I just want people to see maybe cocaine and hopium end in tears.

>> No.30119877

>>30106715
>You can literally take out loans against yourself and you pay yourself with interest.
Wot?

>> No.30120010
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30120010

Bitcoins are antiquated boomer coins and worse because it provides enhanced surveillance opportunities and ability of centralized authority to target innocent BTC users. It's literally easier to track than fiat.