NEWS JUST IN

[Anonymous No.7112070]

1. US DOLLARS HAVE NOTHING TO BACK THEM UP
2. USD ARE PRINTED OUT OF THIN AIR.
3. THE PRICE OF BITCOIN INCREASED EACH TIME US DOLLARS ENTERED COINBASE

[Anonymous No.7112122]

>>7112070
This is why I will never sell my monero

[Anonymous No.7112145]

>>7112070
>In God We Trust
>backed by nothing
Nice try, chink.

[Anonymous No.7112214]

>>7112070

Yeah...because the Federal Reserve prints money out of thin air we should let some anonymous people out of Hong Kong do the same thing! Fucking genius

[Anonymous No.7112264]

And bitcoin is nothing but electrons backed up by nothing. What's your point?

At least the US has an army to back up the dollar.

[Anonymous No.7112350]

pretty sure the us dollar is backed by the government

[Anonymous No.7112359]

>>7112264
I'v always thought this argument won't work in reality because they pay the army in dollars...

[Anonymous No.7112370]

>>7112145
Chinks believe in god. Its the whites who are the edgy satanists or fedora-tipping atheist

[Anonymous No.7112410]

>>7112070
>US DOLLARS HAVE NOTHING TO BACK THEM UP
biggest military on earth, retard

[Anonymous No.7112466]

>>7112410
>massive losses in vietnam
>couldn't even beat sandniggers in the middle east
>had to supply sandniggers to beat sandniggers instead
>somehow manages to supply the wrong sandniggers instead

more like the most imcompetent military on earth

seriously, just drop a nuke next time

[Anonymous No.7112498]

>>7112350
>pretty sure the us dollar is backed by the government

WRONG
fed is a private profit making institution. Half of it is owned by europeans

[Anonymous No.7112503]

>>7112410
So China?

[Anonymous No.7112620]

>>7112498
that doesn't mean it isn't backed by the us government, brainlet

>hurr durr government doesn't even back its own currency

cmon now

[Anonymous No.7112668]

>>7112070
op is a brainlet sorry
>USD ARE PRINTED OUT OF THIN AIR.
this is true but meaningless because hyper inflation exists. The value of anything is entirely based off the value that people generally agree it to be. Even gold lost its value due to inflation at given times in which a lot of gold was extracted in a short period of time.
Gold limits the supply of liquid capital!

[Anonymous No.7112735]

>>7112498

> Half owned by Europeans

The federal reserve is owned by the 12 member banks.

It is run by the board of governors, which is appointed by congress

Congress can (and have) changed the rules followed by the bank.

It is a private organization, but it is ultimately under the control of the president and congress.

[Anonymous No.7112782]

get behind the new .gov currency before it explodes

https://cointelegraph.com/news/fork-fail-us-government-claims-bitcoin-cash-is-original-bitcoin

[Anonymous No.7112817]

>>7112620
It's backed by a lot of jews in government, yes. This is not a good thing as you seem to think though.

[Anonymous No.7112821]

>>7112668

I would argue that those who have the most interest in harming America also have the most to lose in the event of hyper inflation.

If hyper inflation were to really happen (like on the scale of germany), the government would pay off its foreign debt with newly printed worthless dollars.

If this happens, the foreign debtors are screwed. So even though they may chant death to america, they don't really WANT death to america because they would be broke too.

[Anonymous No.7112847]

>>7112498
>fed is a private profit making institution
The greatest con and scam artists of our time.

[Anonymous No.7112906]

>>7112070

>backed by nothing.

Except it's backed by the most powerful military this world has even seen.

[Anonymous No.7112931]

>>7112821
>would argue that those who have the most interest in harming America also have the most to lose in the event of hyperinflation.
This really depends on where they keep their capital. For example, it is possible that they are pulling scare tactics to bring the price of crypto so they can buy in cheap.

[Anonymous No.7112979]

>>7112070
>THE PRICE OF BITCOIN INCREASED EACH TIME US DOLLARS ENTERED COINBASE
not if they buy another meme coin, and the meme coins are endless

[Anonymous No.7113071]

>>7112931

I hate to break it to you, but all serious money managers understand that cryptos are a worthless ponzi scheme.

They're like the lottery. You through out someone who got rich, and you convince everyone that they too can get rich.

But it's just a ponzi scheme. Crypto's only have value because people think they do. And when people stop caring about who has which electrons, there will be no more value.

Yes, much of the same applies to the dollar except, as I said before, crypto's aren't backed up by a government, and national currencies are.

Cryptos are like tulips, or beanie babies, or pet rocks, or tickle me elmo's, or any other flash in the pans that people climb over each other to get, only to realize later have no real value.

[Anonymous No.7113123]

>>7112498

>(((europeans)))

[Anonymous No.7113142]

>>7112821
>>7113071
imagine being this guy

[Anonymous No.7113179]

>>7112906

And when the grunt cuckolds aren't getting paid? Or, paid in a currency which takes 1000 units just to buy a loaf of bread or some shit?

[Anonymous No.7113382]

>>7112906
>money so awful you need to hold a gun to someone's head

[Anonymous No.7113387]

>>7113071
Ok, explain me how gold has any real value, literally anything but basic needs (water, food) is useless to humans, no matter how much you argue, things like gold, silver, etc. have the value that people decide to put on it. (inb4 "muh gold can now be used as..." Yes, now it can have some value, but 300 years it didn't.)
>Ponzi scheme
Since bitconnect, all the fucking brainlets like yourself only shout "muh ponzi scheme", I bet you faggots didn't even know what a Ponzi scheme was before.

[Anonymous No.7113883]

>>7113071
I hate to break it to you reddit but you just proved my point.
>Yes, much of the same applies to the dollar except, as I said before, crypto's aren't backed up by a government, and national currencies are.
Good luck forcing everyone to buy, store and use worthless paper when it has 0 real value in hyperinflation. Pre-nazi Germany's currency was government back as well. In order to force everyone to use a worthless government back, the currency would require a tyrannical government; national fascism or communism. Take your pick

[Anonymous No.7114440]

>>7113387

Gold is relatively rare, malleable, conducts electricity, used in medicinal applications, portable...

Have fun with your electrons

[Anonymous No.7114484]

>>7114440
>portable

[Anonymous No.7114542]

>>7112070
>1. US DOLLARS HAVE NOTHING TO BACK THEM UP
The most powerful country in world actually.

>2. USD ARE PRINTED OUT OF THIN AIR.
It's called debt and a long history of paying it on time.

>3. THE PRICE OF BITCOIN INCREASED EACH TIME US DOLLARS ENTERED COINBASE
Wrong. Buttcoin is crashing, wake up.

[Anonymous No.7114664]

>>7112070
If US Dollars are worthless shouldn’t the price of Bitcoin stay the same or drop when dollars enter the market

[Anonymous No.7114692]

>>7113142
>>7113387
>>7113883

> gold

You are correct that the only reason gold has value is because people say it has value. Gold is an oddity that way because it has no real usefulness other than looking nice.

You can use anything you want as a store of wealth, as long as everyone agrees on it and as long as it is scarce.

The best example of this is probably the Ria stones of the island of Yap. On that island, the store of wealth was a giant fucking stuck (see image).

But there is a huge difference between gold and cryptos, mainly longevity. Gold has been used as a store of wealth for at least the last 2700 years.

Mind you, I don't fault you guys for not understanding the nature of the Bitcoin/crypto ponzi scheme, because most of you are too young to remember all of the other various similar schemes that have happened in recent history.

Two of the more common examples would be beanie babies and diamonds, both of which gained their value based on the scarcity theory.

In the case of both, the release to the market were artificially held back in order to increase the value by making them more scarce.

For example... do you think that a diamond ring is REALLY worth $10k? No, it isn't. The only reason people think it is (aside from convincing themselves) is that De Beers keeps a tight control on the supply of diamonds so that supply is always less than total demand.

The beanie baby people did the same thing. By intentionally limiting the supply of these tiny stuffed animals, you had morons who were taking all their money out of the bank to buy them because they were just "sure" that their retirement was made by owning a closet of tiny stuffed animals.

Back to bitcoin and cryptos.... the technology itself is the only thing that has real value, but even that isn't great because the technology is not protected. The fact that you have new coins popping up every day using the same software technique means that ANYONE can do it.

(to be continued)

[Anonymous No.7114733]

>>7114542
>The most powerful country in world actually.
Why are they powerful? Because of US dollars. See how your argument is circular?

>It's called debt and a long history of paying it on time.
What's the US government debt right now, by the way?

>Wrong. Buttcoin is crashing, wake up.
That's because US dollars are leaving Coinbase.

[Anonymous No.7114754]

>>7114542
You mean China I think.

[Anonymous No.7114755]

>>7114542
wow you're stupid

[Anonymous No.7114757]

>>7114664
$2>$1

[Anonymous No.7114763]

>>7112070
>NOTHING TO BACK THEM UP
except blood and lives from millions of people from south america, middle east, and africa.

[Anonymous No.7114775]

>>7114664
>If US Dollars are worthless shouldn’t the price of Bitcoin stay the same or drop when dollars enter the market

Correct. Now explain why Tethers are worthless. Each time they're printed, Bitcoin goes up.

[Anonymous No.7114820]

>>7112070
>What is the greatest military the world has ever seen that can be deployed anywhere in the world within weeks if you refuse to accept petrodollars

[Anonymous No.7114876]

>>7114692

(Continued)

Now, if you want to make money on cryptos, there IS a way, but it requires disciple....

... it's based on relying on "the bigger fool theory" which states that up until the collapse, there will always be people foolish enough to invest in any pyramid scheme.

So... you buy a crypto, cash out 25% when it reaches the point that you can get your initial investment out, and then slowly pull out as the price goes up.

Because the bottom line is this, and I'm sure nearly everyone is going to disagree with me...

1. Any technology that cryptos use can be used by the banks and the big names.

2. Banks will only use their own system because the money is made by being first in the chain.

3. When they decide to go full crypto, that will be the end of all of the exiting coins, because while everyone is cheering at how money "value" they have, they will have none the day after the banks give access to their coin only on 5 or 6 million credit card machines already out in the system.

4. Bubbles multiple themselves. The reason there has been such a major recent uptick in bitcoin is because people have noticed it, and there is demand.

5. But bitcoin itself has no sustaining value. People may continue to use it in the black market, but it IS a bubble, and all bubbles burst eventually.

[Anonymous No.7114957]

>>7114664
why are people on this board so dense? The more money that funnels into the crypto markets will directly cause the value of USD to decrease.This is simply because of the laws of supply and demand.
Can people please study about supply and demand before posting on a business board.

[Anonymous No.7114958]

>>7112906
>>7114820
Kind of cringe

[Anonymous No.7114996]

You're all idiots. Taxes are paid in USD, USD is backed by aircraft carriers and jets

[Anonymous No.7115065]

>>7112145
>the great satan has God's support just because it prints 'in God we trust' on its soul-draining ritual paper

[Anonymous No.7115104]

>>7114958

DO YOU HAVE PROBLEM WITH THE GREATEST COUNTRY ON EARTH?!

[Anonymous No.7115145]

>>7115104
>I built those planes

[Anonymous No.7115152]

And for those interested, here's a fairly straight forward article about how artificial scarcity was used to create the benie baby bubble that so many people fell for....

https://nypost.com/2015/02/22/how-the-beanie-baby-craze-was-concocted-then-crashed/

[Anonymous No.7115159]

>>7114440
>conducts electricity, used in medicinal applications, portable...

>(inb4 "muh gold can now be used as..." Yes, now it can have some value, but 300 years it didn't.)
How do you deal with the fact that you're borderline brain dead?

[Anonymous No.7115167]

>>7112070
Maybe... just maybe... we don't tell anyone that we're printing money and the inflationary pressures won't be a problem.

[Anonymous No.7115182]

>>7115145

Which takes us back to an easier solution... you want to get wealthy while supporting America? Buy and hold Lockheed Martin for a few decades.

[Anonymous No.7115192]

>>7115159
300 years ago* Idk how I missed that

[Anonymous No.7115271]

>>7112466
Trust me we want to nuke just about everyone

[Anonymous No.7115358]

>>7114733
The USA is powerful because it have the biggest military in the planet ever, a huge territory, best companies, industry and technology.

>>7114754
China is a joke, ask any Chinese. There is a reason why rich Chinese people wants to move their funds out of the country.

>>7114755
wow you are stupid

[Anonymous No.7115404]

>>7114876
>1. Any technology that cryptos use can be used by the banks and the big names.
>2. Banks will only use their own system because the money is made by being first in the chain.

Yes, banks can do it, they can also create their own web search engine like Google, they can also create their own social network like Facebook, they can do anything they want, right? Because they have a shit ton of money, right? Let me go search another good examples at chase.com, the best web search engine.

[Anonymous No.7115471]

>>7114692
You just dont get it man
There exist no other thing that you can "store value in" , send to an anonymous person that you don't know on the other side of the world, almost instantaneously and almost for free, all while staying anon yourself

There exists no other thing that you can store in your head, cant be seized, confiscated or printed at will

[Anonymous No.7115490]

Deep, man.

So Tether = USD.

All the better for crypto.

[Anonymous No.7115574]

>>7114876
Even more stupid shit...
There is little point in "private" blockchains
There is little demand for a "bank crypto" because that is not very different than using the existing system, which is extremely shit, because of banks and insane regulations and ineffeciencies

[Anonymous No.7115583]

You guys realize that every country in the world buys oil with USD right? USD is unofficially backed by oil. It’s the only thing that’s actually keeping the US band aided together.

[Anonymous No.7115624]

>>7115583
Soon it is bought with CNY

[Anonymous No.7115675]

>>7115624
Keep dreaming chink

[Anonymous No.7115684]

>>7115404

Ya, except....

1. They don't have to "create" their own, they can simply use the same code/technology as bitcoin and keep it all for themselves.

In fact, they've already started doing it....

https://www.wired.com/2015/12/big-tech-joins-big-banks-to-create-alternative-to-bitcoins-blockchain/

2. Bitcoin is too unstable to be used by banks and investment houses.

Imagine that they close out their books at the end of the night and don't know if their money will lose 40% before they wake up the next morning. There isn't a banker in the world who would ever go along with such an insane idea.

3. The "power" of bitcoin to the black market user is the lack of centralized control. This is good for them, but it is bad for legitimate organizations who rely on centralized control to keep everyone playing by the rules.

Example: The options clearinghouse. You can buy options from various brokerage houses, but ALL of them go through and are regulated by the options clearinghouse. This keeps everyone playing by the same rules.

So OK, I will ask you a serious question and hope for a serious answer.....

.... excluding the block-chain technology itself (which can be done by anyone who decides to do it).... why would bitcoin have value and others would not? Or in other words.... if a bank sets up a block chain system with all of the other big banks, why would they need bitcoin?

If your answer is the anonymity of it all, you must first acknowledge that you are removing 90% of the market by kicking out the people who would trade a lack of price swings for being able to trade on the black market.


That's kind of the point I'm trying to get across.... Other than an outsized demand/supply ratio, there is no reason for bitcoin to have any value at all. And there's no reason to suspect it won't eventually crash like every other bubble in history has crashed.

[Anonymous No.7115724]

>>7112070
What are treasury bonds?

[Anonymous No.7115790]

>>7112370
>state religion = atheism
>be religious in China, have organs harvested
Wumao qian have been deposited in your Sina Weibo account comrade

[Anonymous No.7115844]

>>7112070
Wrong. The USD is backed up by the government's ability to tax the citizens.

[Anonymous No.7115845]

>>7115471

I get it, I just disagree with you.

Your argument is that the value in bitcoin is that it can function as a payment system for black market transactions.

That's fine... but what percent of the public ever has the need for black market transactions?

How many people are going to be sending money back and forth across the globe, without wanting the guarantee that comes from a regulated industry.

You say there is no other method that fits the criteria. If you exclude the black-market aspect, it sounds a lot like a credit card, doesn't it?

Except a credit card has an established structure to protect both the buyer and the seller from fraud on either side of the transaction.

[Anonymous No.7116090]

>>7112735
>but it is ultimately under the control of the president and congress.
yeah sure kiddo
https://www.youtube.com/watch?v=zf3sfb7QFr8

[Anonymous No.7116117]

And at the same time, many people seem to argue that cryptos are a protection against the day that the dollar finally collapses.

If you live in the US, and the dollar collapses (or goes into a german-style hyperinflation), you're going to be screwed anyway.

If that happens, there will be no electricity, no food in the grocery stores, and eventually no water in the tap.

It's pretty hard to use an electricity-based payment system when no one has electricity.

A recent example: Puerto Rico after the storm and flood.

The entire island went 4 months without electricity. I wonder how many bitcoin transactions they were able to process during that period?

[Anonymous No.7116176]

>>7112070
>nothing to back them up

ever heard of guns you dumbass

I get what you are trying to say though

[Anonymous No.7116184]

>>7116090

You're talking about the textbook definition of delegation and republic

We elect our members of congress. We get to fire them at the polls every few years, but once in office, they can make decisions without asking our permission.

Congress appoints the governors, and can choose to not reappoint them. But once appointed, they have a right to make decisions without permission.

[Anonymous No.7116220]

>>7116117
Btc apostles are too stupid to realize it's a scam

[Anonymous No.7116268]

>>7116220

Gold bugs are the same way. If the shit hits the fan, lead is far more valuable than gold.

[Anonymous No.7116360]

>>7116268
palladium is where its at

[Anonymous No.7116442]

>>7112070
Government fiat is backed by the threat of state sponsored violence.

[Anonymous No.7116463]

>>7116360

In the event of catastrophe, no precious metal is of value.

You want value... buy a few cases of bic lighters.

After so many years of convincing people not to smoke, most people have lost the ability to create fire when there is no electricity.

If the world comes to an end and you control fire, you're king of the block.

[Anonymous No.7116573]

>>7116463
Bitcoin has value because it is the original immutable public ledger and won't go away so long as it is publicly traded or used in the exchange of goods and services.

[Anonymous No.7116653]

>>7112264
This brainlet thinking an armed force has anything to do with the economy. Pop quiz, pajeet: when the US dollar was worthless during the Great Depression, which country did the US Army invade to save the dollar?

[Anonymous No.7116678]

>>7116573

I don't know if you're baiting me, or if you actually believe that nonsense.

[Anonymous No.7116752]

>>7112070
>1.
NOTHIN WRONG WITH ME
>2.
NOTHIN WRONG WITH ME
>3.
NOTHIN WRONG WITH ME

[Anonymous No.7116753]

>>7116442
Sort of.

The governments ability to enforce its taxes ties the USD to doing business in the US. But it does not assign it's value. The value itself is the interest people have in doing business in the US, that have to paid taxes.

Venezuela can enforce it's taxes too, but they can't force people to do buisness in their country,

[Anonymous No.7116754]

>>7113071
>still own no cryptocurrency in the year 2018

[Anonymous No.7116762]

>>7116653
by saying the dollar is backed by the army he clearly means you can redeem your dollars for portions of the us army if need be

[Anonymous No.7116771]

>>7112503
>lots of smelly soldiers with some rice and one AK-47 magazine each can match literally thousands of nuclear warheads
i kek'd

[Anonymous No.7116805]

>>7112735
>don't worry goyim
>you're still in control
>t. Jew B. Banker

[Anonymous No.7116834]

>>7116762
>us army
No friendo, USAF/USN are the relevant branches. US Army and USMC are being decommissioned.

[Anonymous No.7116842]

>>7113071
>t. Boomer N. Coiner

[Anonymous No.7116873]

>>7112359
>)
If they pay them in dollars, the army themselves have a vested interest in keeping the dollar valuable.

[Anonymous No.7116981]

There's no making sense of the bubble mentality.

At one point, this one flower would have bought you 12 acres of land.

[Anonymous No.7117112]

>>7116981
No not the flower, but the promise of the flower. The market was mostly the Tulip based IOU's. People typically did not actually have the flower.

[Anonymous No.7117158]

reminder that the USA is first world nation country and tether is a single shady cayman island operation run by anonymous whos.

[Anonymous No.7117165]

>>7116762

Fuck yeah! I've always wanted 0.00001 of an M1A2 Abrams tank. That should deter any assholes trying to devalue mah USD.

[Anonymous No.7117170]

>>7116981

Let me change that... there IS making sense of bubbles, but people forget the lessons they learn every time.

The key to a bubble is that there must be a break between the intrinsic value of the object itself, and those who make their money through transacting the object in question.

So in the case of Tulips, once people started trading tulip bulbs as a speculative instrument, that's when the bubble began.

Same thing with housing. For decades the housing market supported itself because people bought homes for utility reasons. It was only when there was the growth of flipping and buying for speculation that the bubble happened.

This happens, of course, because the speculators create an artificial demand which drives up prices. People are willing to pay more and more NOT because they think that the object has value, but because they think it will have MORE value in the future and they will be able to profit by it.

Let this sink in, especially if you are crypto.... do you deal in crypto because you USE the crypto for transactions (meaning: it has utility), or do you buy because for speculative reasons (because you think the value will go up).

If you're in the second crowd, your participating in and enabling your own bubble.

Reminds me of the 1970's when the Hunt brothers tried to corner the silver market, but most of you are too young to remember that one either.

[Anonymous No.7117194]

>>7117112

You are correct. Thank you for noticing the difference. I expand on the thought here: >>7117170

[Anonymous No.7117265]

>>7117170
>Reminds me of the 1970's when the Hunt brothers tried to corner the silver market, but most of you are too young to remember that one either.
Bragging about getting old is cringey

[Anonymous No.7117320]

>>7112214
The people from Hong Kong are more trustworthy, because at least we know they aren't Jews.

[Anonymous No.7117335]

good point

[Anonymous No.7117342]

>>7117265

One of the few values of age is institutional knowledge. You see the same things tried (and fail) enough time to recognize the same pattern.

During the silver bubble people were melting down grandma's old silver set and selling other heirlooms for a quick buck.

Of course it had a positive outcome to those who collect silver coins. The drastic reduction in supply helped their value even after the hunt brothers were busted.

[Anonymous No.7117359]

>>7117335
>>7116873

[Anonymous No.7117371]

>>7117165
>abrams tank
>not redeeming your dollars for a qt army grill

[Anonymous No.7117374]

>>7117342
lmfao cringe

bitcoin is different. new economy bro

[Anonymous No.7117383]

>>7112264
because this is important for you to understand.

Read pic related.

[Anonymous No.7117399]

>>7117170
According to you the whole stock and derivatives market is a total bubble, because they have no other use, other than speculation.

[Anonymous No.7117454]

>>7117399
it is a bubble
that's why you get bursts like the depression and recession

[Anonymous No.7117567]

>>7114876
Crypto will be the catalyst of a major paradigm shift you retard. People are fed up with big banks and big government and want to be free.

[Anonymous No.7117579]

>>7117374

Every generation thinks they reinvented the world.

>>7117383
I think this is backwards. In the 70's we had the arab oil nations getting rich and drawing out all of our gold.

Nixon stopped convertibility so we could keep our hands on the gold.

It's not so much that we were spending more than we had in gold, it's that we were spending and they were using the funds to convert to gold.

>>7117399
In the case of companies that don't pay dividends, yes to a certain extent.

Shareholders have a theoretical ownership stake in the company, which is why they get to vote on things during the annual board meetings.

But usually the public owns so few shares that their vote doesn't matter when weighed against the insider holdings.

At least with dividend paying stocks you are getting a kickback which would be considered your share of the company profits.

But to your point... the big difference is that when people buy/sell/hold/trade stocks, they know it is speculation. Some of these cryptos are talking as if their whatever-coins have real actual value, which they don't.

So yes, like cyptos stocks are speculative in nature, but at least they have organization and regulation to protect both sides of the transaction.

[Anonymous No.7117630]

The problem with crypto is the volatility, any public persona can dramatically influence the value of the coins by introducing FUD into the normies brains with very weak hands.

I introduce to you the best coin there is a.k.a "the coin of the year".

Proof Of Weak Hands Coin
https://powhcoin.com/index2.html

The dividend feature disregards the entry point if you have strong hodl hands you can get to profit regardless, people sell it
crashes and people buy in again to get in low for more dividends (in ETH) which the price goes up and there ya go it's na revolving door pyramid.
THE DIVIDENDS MEANS THIS WILL LIVE FOREVER, THE FUNDS CANNOT EVER BE DEPLETED AS 10% OF EVERY TRANSACTION IS STORE IN ETH FOR DIVIDENDS.

[Anonymous No.7117644]

>>7117567

In my (boomer) generation, there were three groups. Those of us who were younger became the reagan republicans, very conservative.

Our older brothers and sisters were the hippie peace and love gang.

You have no idea how much your comment sounds like something that came out of the mouth's of the early 70's hippie type.

[Anonymous No.7117648]

>>7116653
Germany and Japan. Brainlet.

[Anonymous No.7117717]

>>7117579
>but at least they have organization and regulation
You just missed the whole point of crypto.
The whole point of crypto is being stocks, except without regulation, organization or tracking.
The whole point of crypto is to show the governments, banks and corporations the middle finger. Which it does perfectly.

[Anonymous No.7117764]

>>7117717

There's an old phrase that says "the nail that sticks up gets hammered down".

If you think crtypos are somehow going to bring organized government to their knees, you really ARE living in a dream world.

[Anonymous No.7117792]

>>7117567
Are you implying the norman hordes give a shit about those things

[Anonymous No.7117853]

>>7117764
>If you think crtypos are somehow going to bring organized government to their knees, you really ARE living in a dream world.
They've been trying to regulate or ban crypto for 7 years now.
The whole child porn, drug and weapon market runs through privacy coins and no one can do shit about it - not FBI, not CIA, not ATF.
They tried and the best thing they achieved in the last 7 years is to shut down a single marketplace.
You're just a newfag, who didn't order MDMA and green tips with bitcoin back in the day.

[Anonymous No.7117856]

>>7117644
yes but unlike hippies who didn't really do anything besides protesting and smoking pot, doing LSD and having sex with eachother.

Crypto is getting used by more and more businesses, if the corporate world embraces it, it will be game over eventually for banks etc.

Why use a bank when crypto can do its job for them? Businesses will just take whatever is cheaper and more efficient, crypto will succeed with a lot of bumps.

[Anonymous No.7117932]

>>7117853
The currency aspect of Crypto has never really been a thing.

It's only actual value is speculative trading.

[Anonymous No.7117980]

>>7117932
>doesn't know 90% of Monero and PIVX transactions are black market purchases

[Anonymous No.7117994]

>>7117856

According to a december 2017 article, 40% of all bitcoin are held by 1000 people.

You're not hearing the masses, you're hearing an echo.

[Anonymous No.7118112]

>>7112070
https://www.youtube.com/watch?v=iFDe5kUUyT0&list=PLcbNLE8mhX0_Y4mGU3zEUWUKV-7rkR8lb

[Anonymous No.7118137]

>>7117648
Right dumbass, because the Great Depression caused WWII. It was those fucking japs and krauts that caused the stock market crash, bank failures, massive inflation and unemployment. Good thing we kicked their asses and showed them.

[Anonymous No.7118317]

>>7116653

The other guy is a moron, but the US army does indirectly back up the dollar.

Best example : petrodollar.

[Anonymous No.7118453]

>which country did the US Army invade to save the dollar?

Germany and Japan. Brainlet.

>the Great Depression caused WWII.

Not once did I imply that. If English isn't your first language, you may genuinely have a learning disorder.

[Anonymous No.7118480]

>>7118137
>>7118453

[Anonymous No.7118486]

>>7117994
>According to a december 2017 article, 40% of all bitcoin are held by 1000 people.
Yeah, here's a direct quote from them which I obtained today
quote:
>AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.7118567]

>beanie babbies, rosemania, and fiat monopoly money somehow comparable to telling the kikes to go fuck themselves via immutable ledger and the ability to circumvent traditional financial institutions in wealth transfer

[Anonymous No.7118625]

>>7118567

> says this and then turns around to sell his soul to an Australian

[Anonymous No.7118728]

>>7112070

literally everyone is talking about BZC now faggots. invest or stay poor

[Anonymous No.7118732]

> Bitcoin as store of wealth to fight against the dangers of dollar inflation.

> Bitcoin value drops 43% in 24 days

Pick one.

[Anonymous No.7118754]

4. I CAN USE USD TO LIVE MY LIFE THOUGH

[Anonymous No.7119071]

>>7112070
US dollars, like all fiat currencies, are backed by the productive power of their (White) people and the ability of their government to coerce taxes and compliance from them.

[Anonymous No.7119124]

>>7118732
>Up 120% YTD

Better believe it faggot

[Anonymous No.7119155]

>>7112070
Tether

[Anonymous No.7119267]

>>7119124

And as I've been saying all along... great if bitcoin is nothing more than a speculative instrument.

But as a currency or store of wealth... horrible.

[Anonymous No.7119310]

>>7112214
>buy apples with meme token
>turns out meme token is a meme
>apples are worthless now

[Anonymous No.7119437]

>>7118453
Sure you implied it, you just don't realize it because you're a brainlet. When the US economy fails, its not because we're not fighting enough wars or invading countries. Its because of the failings and greed of our own financial system. The Great Depression was caused by pure greed, an actual real bubble. Not caused by any foreign country.

And yes, its generally agreed that WWII kick started our economy, by directing all resources into building war machines. But we didn't go to fucking war with Germany and Japan just so we could save our economy, brainlet. If you recall, that is if you didn't get a D+ in US history, the US stayed out of the fucking war for a couple of years. It took a sneak attack with the loss of thousands of lives at Pearl Harbor for the US to finally decide to kick some ass. And millions of men enlisted, voluntarily to go to war to fight, not to fucking save the dollar, but to defend the country. So go back to high school, retake that US history class you failed.