Cryptocurrency to destroy the banks

I know many here aren't enthusiastic about Bitcoin (or crypto-currency in general), but I truly believe this opinion to be misinformed (or possibly, bank-backed shilling).

Agreeably, none of the crypto's are perfect (Transaction capacities, monopolisation, etc). But the security for an established crypto (e.g. Bitcoin, Litecoin, Ethereum, Dash) would be incredibly difficult to hijack, and almost impossible if rates of adoption (and thus, mining profitability) increase substantially. (In Bitcoin's case, the Core development might actually be subverted, so I'm not proposing this as the ONE to adopt.)

Another critique I've seen leveraged against Bitcoin is that it's already monopolised. I believe this is largely true.

However, there are many other Crypto's which are not monopolised (Litecoin only bears a market cap of ~$200M at time of writing, Dash $80M, Monero $29M, so the opportunity for cheap adoptance by us is there).

For all the criticisms of the Crypto's (some valid most, in my opinion, mis-informed), it still detracts greatly from the power of the banks to coin money from thin-air. And (51% attack excepting) disallows them from controlling who transacts to who on the network. Once one has crypto's, they are essentially granted the capability to trade between other crypto's with ease (shapeshift.io is an example of a centralised, not-quite-completely anonymous, exchange that allows this. A decentralised anonymous exchange named Bitsquare is currently in development.)

There is a lot of instability world-wide at present and if a melt-down of the Global USD Reserve system occurs, people will need an alternate currency to trade in. The crypto's are decentralised, near-instantaneous (in some cases) and depend only upon the Internet. If Internet goes down or is unavailable, the Crypto's WILL fail. The precious metals are a good recourse if this happens, so I am not discouraging the purchase of these (I do however think that the "paper-backed" representation of these which likely will not be redeemable in a SHTF scenario). But, provided the Internet remains, the crypto's are undoubtedly our best choice in supplanting the present currency system to enable international exchange of goods.

Bitcoin's transaction capacity is currently capped at around Five Transactions/Second. Not nearly enough to meet Global Demand if it were to become the World-wide currency. A solution, known as the Lightning Network, aims to mitigate this, allowing a layer to be built on top of Bitcoin that will allow Visa-capacity transactions per second (on the order of many thousand transactions per second). Admittedly, the timeline of this Lightning Network is not looking too optimistic and we might not have this until sometime next year (which might still be too optimistic). I also feel that they might be stalling this tech deliberately, but another Crypto is sure to implement it sooner if they do not.

As Cryptos are easily exchangable, trading between them is not a problem. In my opinion, it's quite likely that crypto-exchange will be made completely transparent to the front-end user (e.g. Dash to USD might be a two hop process - Dash TO Bitcoin TO USD) and most Crypto's will be capable of this, so it matters not which one comes to the fore-front so much.

So, to destroy the power of banks, why not start meme-magicking the idea of Crypto-currency? Doesn't have to be any in particular, just the idea of Cryptos as the solution to destroy the banker's capability to coin from thin-air. SOME people do seem to be waking up to the banking. Normies will accept whatever is propagandized to them.

Why are we not propagandizing this to them?

Other urls found in this thread:

imdb.com/title/tt4654844/
youtube.com/watch?v=B4YGpWxyn6Y
bitcoin.org
bitcoin.com
breitbart.com/big-government/2016/08/17/internet-two-months-left-obama-gives-control-dictators/
cryptocompare.com/mining/calculator/eth
twitter.com/SFWRedditImages

I don't know much about or use a crypto currency but I oppose the central banks enough to bamp this thrad.

Thanks friend. If you download a Bitcoin wallet and post your address, I'll send you a few dollars so that you can play around with it and see how crypto works (go spend it on a gambling site or something). Bitcoin's gotten shit (core development team's corrupted imo and not increasing the blocksize - transactions per second), but they all work pretty much the same so I'd like people here to understand why Crypto's feasible in future.

This is the real issue.
What does them prevent to just shut down the internet or even throw nukes to EMP the relevant parts of the world?
We are not talking about sane people here.

May as well invest in Steam Trading cards & other intangible data.

But paper-tokens for redeemable precious metals are no better (you probably won't be able to collect them in a SHTF scenario - not sure if the Fort Knox being empty rumours are too or not).

If there's going to be an international economy, it needs a currency that is easily transferable. Cryptocurrency gives us this. It's also outside of the bankers control. Even if they subvert one (which will be difficult for them), we can easily switch to another.

They're easily exchangable and are incredibly difficult to censor.

Decentralised (this is important) robs them of the capability to coin money as they see fit.

… or USD.

Same thing, still (very very) high utility.

Bitcoin is shit at this point though cryptocurrency does have a future if people can prevent the corruption that happened with bitcoin. Unfortunately very few places accept anything but BTC when they accept cryptocurrency at all leaving most others relegated to direct transactions between individual people.

So would banks. As long as you keep whatever amount of hard cash/gold/ammo/etc. as you do normally may as well use crypto over debit/credit cards when possible.

I agree with you here. But I think this will change because you don't need an authority to trade between them and decentralised crypto-exchanges like Bitsquare are coming in.

So we can hop (transparent to the end user) between SomeCrypto -> Bitcoin -> USD.

Hopefully this will become a one-hop process eventually.

I still think cryptocurrency is something worth promoting. It's still a better alternative than the banks. Kills the hydra at its core.

(Checked)
True, but in such a scenario (essentially martial law) the only currency is food, fuel, and ammunition.

Yeah, I still use PPC/LTC/BTC(in order of preference) when possible

I haven't actually looked into Peercoin at all. I'll do some digging tomorrow when I'm sober.

Anyone have any ideas as to how to market cryptocurrency as an alternative to normal fiat to the normies? A lot of people here (Australia) are thinking a (partial) collapse will happen, but most have no understanding or appreciation of cryptocurrency. Everyone I've given a demonstration to has been impressed, but this isn't really practical.

I'm hoping cryptocurrency will be the "go-to" for when a collapse does happen (as opposed to falling back into/repeating the fiat-debt cycle).

Really depends on what kind of collapse you're thinking. I see there being a bigger likelihood of it taking off if we go full 1984 corporate dystopia to try to do things without being traced.

Obviously none of the bigger cryptocurrencies would be useful in such a situation as they keep a public ledger and are not anonymous. Though there are things like tumblers to try to achieve that. I'm keeping a close eye on zcash, Dash, and Monero for that reason but am waiting to see how they further develop before switching to one.

Dash worries me a little. They have the "Open Governance Model" which takes a % of transactions to give to the development team. I'm not sure if this is fixed to a specific dev team or can be allocated to a team that the masternodes wish to give it to. As I understand it though, it basically already supports instantaneous transactions.

ZCash interests me and am awaiting its launch. I've also bought a little Monero in case it kicks off.

I've heard Bitcoin might be getting MimbleWimble (which I think gives user support), but not sure Core team will ever implement that.

They won't. They're trying far too hard to appease governments to do that.

Bitcoin: The End of Money As We Know It

This is the best documentary on cryptocurrency and how it fits into the history and future of money. Its target audience are luddites, so every Holla Forumslack can understand it. It's pretty much a must-watch if you don't plan to go full amish.

imdb.com/title/tt4654844/

Also a potential positive that I see about Dash's model is that understandably and justifiably all humans feel they should profit off their work. When they're not it becomes easier to justify selling out like the Core team did in return for compensation. Dash's team on the other hand has a built in profit motivation that would continue even after stabilization. Doesn't mean they won't become corrupt but I can see it lessening the likelihood.

Can someone explain or post a link which explains how cryptocurrencies work?

t. total noob

...

magnet:?xt=urn:btih:618b66ab2b0b59d7d5c165c140b34c7f1f3e2116&dn=Bitcoin.The.End.of.Money.as.We.Know.It.1080p.WEB-DL.x264.AC3%20Forum.mkv&&tr=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce&tr=udp%3A%2F%2Fglotorrents.pw%3A6969%2Fannounce&tr=udp%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce&tr=udp%3A%2F%2Ftracker.opentrackr.org%3A1337%2Fannounce&tr=udp%3A%2F%2Fzer0day.ch%3A1337%2Fannounce&tr=udp%3A%2F%2Ftracker.coppersurfer.tk%3A6969%2Fannounce

Found it online, cheers.

One of the bigger issues with most videos I've seen is that instead of focusing on being informative they're more focused on hype and getting people to BUY BITCOIN, BITCOIN TO THE MOON. So instead of focusing on things like how private wallets, paper wallets, and tumblers work they just focus on trying to tell you that its an investment. Also they tend to not tell you of the dangers like the multiple frauds and hacks that have taken place by exchanges to rob people.

12RdFfEzyTVUikHFYfMdbRoA7AL11NK3qN

anyone want to gib me some bitshekels? I'm a poorfag trying to get out of credit card debt

If you want to end the Jewish stranglehold on finance you must embrace bitcoin. I know many don't understand the technology and that's ok, but there is nothing more deadly to the kikes than us goyim using financial tools they have 0 control over.

Just as red pills aren't for everyone neither is bitcoin. Those who push others to buy buy buy are get rich quick fags

There is a much easier way to get out of credit card debt.

Just don't pay it.

They might sue you, but that isn't the end of the world. Just always show up if and when they do, and research every type of motion that you can file. I dumped multiple tens of thousands in credit card debt, and only got sued by Discover (who is notoriously litigious), and I beat them with a simple discovery request and a request for a continuance so I could review the record of the debt. Lawyers cost money, and once you show them that you are both broke and litigious, they will leave you alone.

Or fork out a few hundred shekels and declare bankruptcy.

But don't beg for fucking crypto on the internet. That shit is for people who can't afford food or gas to get to work.

Can't they confiscate your belongings or something?

Only after a judgement, IE if you don't show up (and delay them) when they sue you.

If you have a bunch of money in the bank, or a bunch of real estate, or a BUSINESS with assets and they have a way of knowing that, they might be more inclined to sue. But for the average joe, just hide your assets. Buy a safe and bolt it to the floor next to a wall in your closet and put all your cash in there aside from what is needed for bills and just tell them to fuck themselves.

That said, laws vary from state to state. If you live in a state with poor debtor protection laws, move your ass to Texas where cost of living is low, and debtor protection is outrageous. Your house is protected from everyone except mortgage holders and tax authorities, as is one vehicle, a significant amount of land, personal property, and even some commercial property if you run a small farm or ranch on your homestead.

I guess my situation is not that bad

I have 3 dollars in my bank account and under 1k credit card debt

sorry to be a beggar

bump

ive been fuckin around with cryptos for about 4 years.

YUGE FUCKING DISAPPOINTMENT

even the premiere bitcoin casino, the D in Las Vegas was shit. the bitcoin atms didnt fucking work. i bought some dice and a soda with some btc and it was clunky as fuck, the cashier bitch said maybe 3 people have ever come to try to use it there.

inb4

ill stick to my guns and ammo.
just sold mine and bought an M1A and 3k in savings

Guns and ammo are fine.

Cryptocurrency is presented as a solution to the Jewish Banking Problem. Not a solution to the SHTF scenario.

And yes, there are currently problems with the cryptos, but things are soon to take off. Doesn't hurt to get in while its cheap.

good
the less you give the government in taxes the less shit it can pull
why is the REAL unemployment about 20% for working age persons (12-death) and over 30% for 15-35 ?
FUCK THAT

Crypto-currency has two problems:

1. It is still vulnerable to hording, which means those with enough of it (kikes) can still manipulate the market. This is the same problem gold has.

2. It still allows for usury. Even though I am not aware if lenders of bitcoin exist or not (presumably they do), but theoretically it is possible.

And you haven't figured out how to save 30% on Amazon purchases? Get lost faggot

Monero is infinitely superior to either of those. Dash isn't even plausibly anonymous and ZCash has trusted setup issues and anonymous transactions are resourse intensive. ZCash has a 10% dev tax too.

I still want to know what that guy is doing. Is he some Amazon employee that's defrauding the company? Is it some money laundering scheme for him? I mean it works out for me and I'm not breaking any laws but I'm definitely curious.

1AeEoigH9tSku6HBq368o36bdRq8jxZPvi

ill be waiting with bated breath

No, bitcoin can be sent through any type of transmission medium. You can send bitcoin through morse code

I don't get how bitcoin is going to destroy any banks.

The only way as far as I can see would be in a full out apocalyptic societal breakdown, and then it's useless because no internet. In that case barter goods would be better.

That's not very likely though, and the worst probable scenario would be some sort of crash and/or reform. But as long as there is some remnant of power structure left, in effect organized guys with guns and resources, their currency is going to be what most people use (and when most people use it, everyone uses it.) They, after all will be the ones deciding who gets what.

Beyond that Bitcoin has serious problems, several of which have been discussed many times on this board.

Personally I think it's ok for speculation, but not much else. It's too volatile to store wealth in and too cumbersome to use for any serious trade.

Peercoin is dead, it's time has come and gone. The most excited IMO are Dash and Ethereum.


Dash does have some sketchy issues with it. Apparently, it was instamined (back when it was called Darkcoin) and something like 30% of the current supply was mined in the first day.


Those hacks were because people let other people have control of their private keys. If you were to put your BTC in a paper wallet, it is mathematically impossible for them to ever take your funds. Those hacks were not because of vulnerabilities of the network but because of vulnerabilities of third party platforms sitting on top.


If you think the only function of bitcoin is to gamble and use ATMs, you totally don't get it at all. There's a reason why the return on BTC in 4 years is nearly 500x.


Potentially, this is a problem, but I would rather take that risk than have my wealth in a currency that can be devalued at the whim of a few people


It eliminates the need for a middle man for any transactions. That essentially what banks are for…they will become obsolete.

You do not need to have the internet to send bitcoin.

Not if they can't take it out of a bank or if it can be devalued any time. People will look for alternatives.

Bitcoin has only been around a few years. It is an open source project that has brilliant people working on it 24/7 all around the world. Even if bitcoin does not ultimately remain the king, crypto and blockchain technology is here to stay.

Uhhh what? It literally does not exist except on computers. How is that cumbersome?

Fiat is kike.

youtube.com/watch?v=B4YGpWxyn6Y

Decentralized Data Storage

Decentralized Data Storage

I think that's a very naive way to view banks. Banks are the economic interface to the commoners for the elites. That was my point, as long as you got someone in charge of society, they will make the rules about currency. Bitcoin can only work in that fashion as long as it doesn't get too big. I can't see the elites of this world just packing up peacefully and handing the reigns over to whatever agency this "satoshi" character represents and some thousands western middle class NEETs.

Bitcoin is pre-hoarded, has even worse anonymity than fiat and no real upsides for your average normalfag. I do agree blockchain technology is here to stay though. The powerful people in this world loves the low anonymity aspects of it, and my bet is we'll start to see cryptocurrencies from them soon enough when the kinks have been worked out and people are getting used to it.

That was a statement about current affairs. And I said real trade. It's fine for buying cheap trinkets and weed, but for real value transfer you can be sure people don't want bitcoins. So you have to exchange back and forth.

They are just faggots who aren't very good with math or computers.

You think if the internet goes down the ATMs will still work? This is what is known as an "informal fallacy".

Newegg
Overstock
Black markets
You are a whiny faggot. We are talking about freedom from jewish slavery but you don't want to because it isn't convenient enough.

Andreas Antonopolis is the only person you should be learning from.

Big fucking deal

to anyone with a brain its crypto currency is most obviously the future

either that or some labour back cryto currency hybrid

the only question is, is anyone here actually smart enough to dig through the source code and prove that the block chain and the various implementations are zog free or even competently secure???

i know im not

I'm going to realize such a crypto-currency. I've had this idea for many years, if you're a programmer, talk to me.

I've been hearing this same exact line for several years.

i came to that conclusion myself

but who is he? is he even smart enough to vet the system as it stands?

I think what you're missing is that the way that people rule society is by making rules about currency and monetary policy. Bitcoin is going to disrupt the entire industry simply because it is faster, cheaper and can not be debased by any entity. There are problems with transaction speeds which may not be resolved, but there are other coins that are already working on this and making great strides. Many other coins have more than a $100 million market cap.

Yes it does. If you were living in Greece or Cyprus a few years ago when they froze everyones bank accounts, you were fucked. Bitcoin, besides just being a currency, completely disregards capital controls, and can not be taken by anyone without your consent. Of course, cops can come to your house and take your hard drives but unlike normal banks, they can not freeze you out of the system. You are correct though that Bitcoin is not anonymous, although there are way to layer anonymity.


There are many places you can use Bitcoin now. You can buy plane tickets with bitcoin. You can use your bitcoin to get 10%-30% discounts on everything on Amazon. You can use bitcoin at newegg to buy electronics. You can also use it on overstock.com. You can use bitcoin to buy gift certificates for stores like Kmart and Sears. Steam even accepts bitcoin. The fact that bitcoin has over a $10 billion market cap from having absolutely no value in 7 or so years proves that people do, in fact want bitcoin.

Bitcoin is cash for the internet, and it is just starting to catch on.

I'm not either but the fact that there are people that ARE that smart that are putting billions of dollars into the industry makes me confident that its pretty kikeproof. Plus, its open source and I think any genius would have already broken bitcoin if they could have….

Buying shit with bitcoin is not really why bitcoin is useful. In fact, its much worse than current payment systems we have now.

The reason why bitcoin is so important is because it is programmable money. It can represent anything and can potentially eliminate the need for middle men for pretty much anything you can imagine (and some things we haven't). The blockchain is the breakthrough humanity needed to eliminate the need for third parties and to ensure trust on the internet through distributed, uncensorable networks.

Bitcoin is much bigger than just unkiked money, it can potentially unleash untold productive capacity by freeing up capital that is being raked in by middle men who do nothing besides push paper.

LOL bitcoin has risen by more than 1000x in the last 7 years, what are you on about?

Holla Forums, i'm new to bitcoins.
which is the better and official site?
bitcoin.org ?
or
bitcoin.com ?

Also one more thing, which is better?

There is no "official" site. Bitcoin is not owned by anyone so there are multiple sites about it. Those are both good. I suggest jewtubing Andreas Antonopolous. He was on the Joe Rogan podcast a couple times which was great, but they're super long.

Mycelium is my favorite for Bitcoin. Coiniomi is an awesome multi-coin wallet.

Look for an HD wallet.

isn't Mycelium fior Android?

Yes. Breadwallet is probably the best for IOS but i don't have an iphone.

But i'm on PC, not mobile.

Forgot to mention….Jaxx is becoming one of my favorites because it is the same on all platfoms. You can even sync it to your browser using the firefox/chrome plugin

Enjoy your useless bitcrap once the internet goes down and/or quantum technology.

Redundant.. They're already insolvent.

Sure, if you honestly believe the internet will be a thing when the current system goes down.

Because we're not childish anarco-capitalist Utopians.

is Jaxx open source?


You don't have to be "anarcho-capitalist" to like bitcoins, dummy.

Quantum computing will still not be able to break ECC and/or SHA256 hashing algorithms…not that you even know what that means.

Yet, they are still up and running….


The internet will not be shut down. There are too many people, including the elites that would not stand for it. Pretty stupid to not even look at cryptos because you made up some scenario in your head that will never happen.

Yes, as far as the back end is concerned. I don't think they released the UI code though. Go to jaxx.io to look at it.

Bitcoin.org and BItcoin Core have been infiltrated hard by jews.

Bitcoin.com is run by someone who's trying to de-kike the community.

His effectiveness is limited though, so the prospects for him succeeding are grim.

Thanks, have a webm.

Why bother with that when you can hack exchanges and personal accounts at will.

Always the smugness of the cryptophile.. "U NO SMRT ENOUFF 2 GET IT"

You deferred from the script!! Usually the cryptophile will talk about muh just in time delivery system needs the internet, ego the internet is forever.

but your argument is even more stupid. The people wont stand for it
It's already happening..
breitbart.com/big-government/2016/08/17/internet-two-months-left-obama-gives-control-dictators/

...

pure brainfart

But it's not commoners making those decisions. As I said, actual bitcoin adoption throughout society depends on the elites adopting it too. And why would they? They'd just give away a lot of economic power. My point is, might is still right in this world and you'd need new rulers to improve the economic situation. That's the only way. Thinking you can force the issue by sneaking around the economic system is utopian in my view.

Still, most Greeks didn't use bitcoin. There was a slight surge in popularity, but the normal people there weathered such things as people always do, by relying on friends and family… and working within the boundaries of the societal economic system.

You seem to say that if only people had adopted bitcoin in that situation, they would have been safe and sound, but I'm saying that's a pretty far-fetched notion. It's not like the government there would have left all their subjects in peace and just said "oh well, people now handle their own economy so I guess it's no need for our big brother state, time to pack up our intelligence agencies and armies and relax."

Of course not. Maybe in the simplistic libertarians utopia, but this is the real world we live in. People need to access their pensions, their job is integrated into the system and so on and so on.

And that's just the plebs. The guys running these societies have huge outstanding debts from their populations. They're not going to let people just ignore them. Again, you'd need new governance to go with your economic utopia, and that comes first.

You're not listening, I'm talking about more than penny deals. Yes, you can buy cheap stuff for bitcoins. Nothing you can't buy as easily with bank credits, except for drugs. So for drugs and a few low cost items it's fine.

But that's not what I'm talking about. I'm talking about something more substantial. You'd want people with some means to integrate their economy with bitcoin after all to get it off the ground. But say I want to buy some guy's asset worth something like a couple of million dollars. You can be damn sure he don't want bitcoins, because bitcoins are volatile and high risk. Not a medium you want to store wealth in.

So if I have bitcoins, I have to convert it to real money as a part of any transaction.

faggot reporting in. How do I do this?

There's a random as fuck Korean store not too far from me that accepts buttcoin as payment.

I like to buy from there sometimes because of that alone.

Bitcoin is a global currency

Bitcoin will be used as a tool by the Globalists to force globalism on everyone after they destroy the economy and blame Trump for it.

Jacob Rothschild has already hinted that we are going to have an economic colapse.

That being said if you like your shekels you all need to invest heavily in crypto…

What do you mean by a "personal account"? Yes, exchanges have been hacked, but that has nothing to do with the bitcoin network as a whole. There has never been a hack of a personal paper wallet. Ever.

LOL You were the one saying 'quantum computing will end bitcoin'. You have no idea what you're talking about.

What are you talking about? Bitcoin can be sent through any transmission medium. There are already decentralized BT mesh networks being developed that will enable bitcoin transfers without internet.


I've been hearing this for a decade. The internet is not going anywhere.

That simple.

Bitcoin is not some superweapon against the state/bank, merely a ways of hiding assets and transactions. Buying into the hype about how its a totally revolutionary gamechanger or will totally undermine the bank or whatever is inexcusable in current year.

There are two responses to this. First, bitcoin allows for settlement of trade in minutes rather than days when compared to ACH or the SWIFT network. This would dramatically cut down on costs for elites which is an advantage for them.

The second response would be that they will not have a choice. There are going to be businesses that are going to utilize Bitcoin and unless the big banks jump on the bandwagon, they are going be left in the dust. Its already happening, billions in VC money is being poured into the crypto space.

There is no force involved, which is why it will work. Bitcoin is just better and more cost effective and that speaks volumes for, well, everyone.

True. Almost no one had bitcoin then. My point was only that those are the kinds of normies that would really benefit from crypto currency.

Well, there would have still been problems, no doubt, but what I was saying was that people would at least have control of their money.

I agree, and as of right now, people do not have access to this. Their access can be shut down for any reason, or none at all.

Ok, fair enough. Bitcoin (and more specifically, blockchain technology) is going to be used from everything to property registry, insurance and even identity. The thing I think you're missing is that a bitcoin is not just its USD equivalent. It is programmable money and essentially real estate on a global, immutable registry system. You can designate 1/1000000 of a bitcoin to be a token of proof for a deed for a house, a boat, shipping containers etc. that can be traded and acceptable as change of custody that can be instantly proven. That is the most exciting part of bitcoin.

That image shows that that OP has a very tenuous grasp on what he is talking about. Usury is evil? Uh….no. Interest rates are the time price of money. Interest rates, in principle, are not evil. In fact they are necessary to foster economic development.

There's so much more that needs to be pulled apart from there, I don't know where to start.

Interest rates when you have a monopoly on the money supply through central banking means that you cannot pay back debts with every single dollar in existence. Creating more debt than money as a system of elaborate slavery is absolutely immoral, regardless of what you think of interest in and of itself. The infograph criticizes central banking moreso than usury, and only mentions that usury itself with or without central banking was universally denounced as evil before the modern age and explains the consequences of the reversal of this mindset in fairly neutral terms. Having a mathematically impossible debt at the core of an economy does absolutely nothing for "economic development" except a temporary expansion of industry before collapse, i.e. wealth transfer, as part of the completely artificial business cycle.

Cryptocurrency is a pyramid scheme.


Interest is vampirism. The leeching of money by virtue of having had more of it and finding people to swindle with it. Usurers deserve the noose.

Yes, this is absolutely correct. But, what I was trying to point out was that the idea of interest, in principle, is not evil. It is in fact necessary for future investment and development. You are 100% correct in your post and it is also why we are now seeing 25% of the world's sovereign paper yielding a negative interest rate (?!?!?). This could only be possible with a money that has can be created without any capital expenditure and zero risk. Interest rates are essential to quantize risk and give people the ability to evaluate the potential for investments to succeed in the future.

Crypto currencies can not be printed out of thin air, and they can not be fractionally reserved. There will be new techniques to dilute the value of bitcoin or whatever new crypto comes out, but the foundation is sound and can not be alter by government diktat.


I don't think you know what that means.

No it isn't. Interest is not usury and vice versa.

Don't use cryptocurrency goy, it is a scam. Use these USD's instead.

Does great for confidence doesn't it? You know, what a currency system needs to be based on.

Most overpriced toilet paper come the collapse. Even shit now. Some people have had to 'age' their coins for months after loading them online before they could use them.

This is coming from someone who thinks the powers to be will sit on their hands and not hack and block the hell out of a competing monetary system when it becomes a real threat.


Don't stop belieeeeeving

Seriously, I'll keep my physical gold and silver. You hold onto your currency which dependent on big players playing nice with the electricity and communication infrastructure.

We'll see who comes out on top.


Who the fuck is advocating for that?
Even the kikes are pushing for online currencies.

Guns, Gold, Silver and tradable shit is the way to go.

The Madoff scandal stole over $65 billion from investors and they got nothing in return. Bitcoin isnt even worth 10 billion yet. We gave big banks $700 billion for free when they went under in 2008. Who is confident in today's financial world, besides those that run it?

I'd like to see them try. That's why there are so many people working on it and bitcoin has yet to die despite all the naysayers since its inception.

I have all three, so I guess I win?

I SOLD MY GRANDMA'S HOUSE AND BOUGHT 700K BITCOINS

Implying bitcoin is the only option.


Good, then you're not that stupid. I prefer stacking at least double ply toilet paper over bitcoin paper wallets.


Again..
breitbart.com/big-government/2016/08/17/internet-two-months-left-obama-gives-control-dictators/

Not even close. I've said many times in this thread that bitcoin may not be the winner but crypto and blockchain tech is here to stay.

Well with the money I've made on my crypto investments, I'm not really worried about being able to buy TP.

You have a very rosy outlook on the post collapse situation.

And why wouldn't they just use their own blockchain system for that if it was an advantage? Why adopt a system where they have to give a huge piece of their pie to plebs and (in their eyes) nobodies? You persist in this model where it's the commoners who drive societal change, and I guess that's where our views differ. I guess it can be true to a certain extent, but then we're talking about real revolutions. People who have lots of stuff don't give it up without bloodshed.

I think you're getting ahead of yourself a bit here. Bitcoins total worth isn't even the gdp of something like… Burkina Faso. A little shithole in Africa generates more wealth every year. That's not saying bitcoin isn't an amazing thing with even more potential than it has. But at present it accounts for like 0.0000000000001% of wealth in this world. It's not nearly a threat to anyone as of yet, which is why it's portrayed as a funny novelty in the propaganda rags. Way before bitcoin would have become a threat, the elites of this world could just buy all the available bitcoins and it wouldn't make a tiny tiny tiny dent in their wealth.

But as I've tried to say several times, people don't decide what money is. In harder times government becomes more repressive, and it becomes the people with the guns and the propaganda who decides who gets what. They decide what money is. If they demand 1 plebcoin for each bag of rice you want, then it's 1 plebcoin you have to pay. Today people are indebted serfs their entire lives, do you think those who claim those debts are just going to let you pay it in something that doesn't profit them?

Your idea requires there to be somewhere to hide wealth, but that's not true in this world anymore. We are not in the age of squabbling nation states anymore, everything is pretty much centralized between the socialist UN type beureaucracy and the feudalist mega-corporations.

That wasn't the point. The point is that your average normalfag wants authorities in their lives to handle their shit and make them feel safe. Most people aren't idealists and will go along with what they're told. Unfortunately everyone else gets dragged along with this, which has led to our current predicament… one that is not an economic problem per se, but more a problem of management.

In sum, I think you bitcoin fags mean well, and I agree it's an interesting thing. I think it has many good aspects. But portraying it as some sort of system killer is just utopian thinking in my book.

Everything else Holla Forums is doing here is basically futile in the long-term - unless you cut (((their))) funding. Their propaganda engine works on money and their money is infinite.

It doesn't have to be Bitcoin, the idea is to promote DECENTRALISED (this is key) cryptocurrency to the plebs.

If the banks (and USD) fall, people are going to be looking for something to blame. No doubt if Trump wins he will be their patsy (this is probably already planned). We need to get significant momentum before this otherwise (((they))) will control the narrative.

1. Educate people about (((their))) banking practises.
2. Present cryptocurrency as the solution.

Nobody is going to care about your computer numbers when the jews collapse the US dollar in the near future. In case any of you newfag lurkers don't know, all the currency in the world is basically an IOU to the Rothschilds and a few other jewish banking families that go back centuries.

Doesn't understand what Bitcoin is/how it works.

Explain to me how these fictional numbers online will matter in a Great Depression scenario.

We understand it's reliant on energy, technology, large scale infrastructure and the good will of those providing these services. Any one of these fail and your coin is fucked.

(checked)
This

You're correct. But the infrastructure for running these is far less than the present infrastructure for Jew-Backed Banking (if Internet/Electricity persists, then so does crypto).

If a total SHTF scenario doesn't occur, your bullets and guns will not protect you. Your paper-entitlements to Gold/Silver will probably never be redeemable (and almost definitely won't in a SHTF scenario either).

Using the USD, you're using a currency that (((they))) control and can print infinite amounts of. Some cryptos may be subverted, but supply is not printable according to their whims.

Again:

Also, they decide what money is.

It can only be decentralized at the system's mercy. Right now the wealthy people of this world could 51% the bitcoin network without noticing the cost on their bank balance.

And bitcoin already is at a point where there is no incentive for normalfags to get mining equipment, and even the blockchain is starting to become too large for the average normalfag to keep.

Bitcoin is on a fast-track towards centralization already. These problems with cryptocurrencies are not solved as far as I know.

I agree.

As my earlier posts reflect, I'm not at all sure that it is. For your average person it's just a high risk gamble. That's cool for idealists, but telling any normal pleb who works hard for his money to buy bitcoins is questionable advice in my opinion.

...

BITCOIN is not what we should be promoting. Cryptocurrency is.

Bitcoin happens to be the largest and most accepted at the moment. It's supply is still limited at 21,000,000.

As other crypto's gain acceptance, their worth AGAINST Bitcoin becomes higher. Thus, to control mining for all of these other crypto's would be incredibly expensive and if one becomes knowingly corrupted/subverted another will start to rise and gain value fast against that corrupted currency.

If multiple nations/organisations become vested in certain cryptos, they will also have incentive in mining to protect it. Thus, if one nation/organisation attempts to subvert it, they will have to outpower ALL other nations/organisations with a 51% attack. This will be incredibly expensive both to implement and maintain.

Also, this is what's happening to Bitcoin presently.

It's still fucking stupid and a monopoly and ponzi scheme

Fiat is national currency, when the state controls the currency it has full determination over the economic future of the country.

If you remove kikes then it'll work well

I'm even skeptical to that. I think the power structure in this world would love transitioning into cryptocurrencies. Particularly the low anonymity appeals to them I guess.

If multiple power blocks as you say become vested in cryptos, it's going to be their own systems that they control, and that's going to be fucking 10 times worse than what we have now.

And how the fuck do you plan on doing this?

Again:

You can keep bitching about world politics as much as you like, but you're not going to achieve anything long-term unless you find alternatives to their money.

Cryptocurrency is exactly that.

Cryptocurrency is not low-anonymity. See Monero, ZCash and Dash.

MimbleWimble (if it ever gets implemented) is anonymity for Bitcoin.

On top of this, though you can track Bitcoin transaction, it's incredibly difficult to tie a person's identity to a public key unless they have made this association public.

The whole "Zog wants cryptocurrency because it is easier to track!" thing is bullshit. Don't buy into it.

FUCK OFF

I have a few questions. I'm about ready to hop onto the cryptocoin train but there's a few things I lack answers for and I'm still uncertain which sources are trustworthy.

1. What's the most secure way of transferring bitcoin to cash?

Example:

Would anyone be able to figure out what the original transaction is for and trace it back to me?

2. Are there any reputable exchanges for turning cryptocoin to dollars?

3. Solo mining - is it better to mine a smaller coin like Litecoin, Dash, etc and then turn it into BTC or cash if available?
3.a. Is it possible to mine a smaller coin from a regular desktop computer like I hear the old days of BTC were like or do you need to invest in a mining module even for that?

4. If solo mining is no longer an efficient option, what mining pools are legit?

1. Currently, most anonymous is probably Bitsquare Software, but it's still in development. If you use CoinJoin to desposit back to an exchange, it'd be very unlikely (almost impossible) that anyone would be able to tell what you'd purchased. Tracking Bitcoin is already quite difficult to track as is if a Pubkey and Identity are not associated together anywhere publicly.

2. "Storing" crypto in an exchanged is discouraged. You'd be better holding your crypto yourself and then trading into the exchange when you wish to receive dollars (Bitfinix got 'hacked' to the tune of ~$60,000,000 worth of BTC just recently). No flaw to do with Bitcoin btw, just shitty security procedures.

3. I think Bitcoin, Litecoin and Dash all have ASIC's so don't bother mining these. It will probably never be profitable for you unless you have super cheap electricity.

3a. I think Ethereum might still be CPU mining, but I haven't actually verified this myself.

4. Not sure about this, sorry.

Bitcoin.org and bitcoins.com is owned by some kike who is so kikey he's already burnt bridges with bluepilled normalfags and not even they trust him. He even claimed to have invented Bitcoin and that he was Satoshi Nakamoto, but can't prove it. He's not the only kike to have claimed to have been the creator of bitcoin and that one got BTFO and withdrew from public. In all likelihood the real creator died under mysterious circumstances.

Banecoin. For you.

Thanks. I've been really autistic about trying to find the best way to get into the market. I guess I'll see if Etherium is worth mining on my desktop.

It's not worth it.

I never said that they were, I said that the videos don't really cover this and they should so that they don't make that mistake. That's why right before that I commented that they don't teach people how to use paper wallets.

Because they would be private and subject to editing by the people who own it. The bitcoin blockchain cannot be changed.

This is the key point. Bitcoin is tiny. No one uses it. But it is the greatest tool we have available to us to develop to create the rails we need to create to establish systems of trade without relying on centralized bottle necked systems.

Yes they do. Gold was money for thousands of years and that was not because of government decree. Of course, over time, powerful people realized that they should start accumulating gold because that is what everyone around the world, regardless of language color or creed were accepting for trade.

Of course it is. Why do you think off shore tax free havens like the Virgin Islands exist?

You're right. It isn't going to kill anything as of right now. However, its only been around for 7 years so I think it's a little premature to say that it CAN'T do that, especially seeing how resilient it has been so far. I believe that the biggest obstacles for Bitcoin are behind us and we are already on track to create much faster transaction speeds, thanks to things like Segregated Witness and the Lightning Network

>Very few places accept anything but BTC when they accept cryptocurrency at all
You're illiterate.

Yeah, OP is just a bit naive but we've all been there, crypto is still useful though. The guy pushing it ridiculously hard in the thread is obviously just a bitcoin shill that wants to make the price go up, he sticks out like a sore thumb, particularly with how he only pushes for bitcoin and no alternatives. I mean he even fucking defended usury and had another very obvious tell that I don't want to inform him of but if you check his posts its glaring.

It should not be bitcoin as full anonymity is nearly as important as decentralization.

That is EXACTLY when people are going to care about Bitcoin.


See

For all of you saying "Bitcoin won't work when the power and internet goes down", why do you think your guns and bullets will be able to protect you? They will squash you like the bug you are (in their eyes). And if you do think that the SHTF scenario is going to be that bad, what hope do we actually have? Why not just end it all right now?


Bitcoin has the lowest anonymity of all the cryptos right now, and its still better than moving your money between bank accounts.

Dash and Monero are striving to be completely anonymous and the movement of the crypto space in general is in this direction. Using new (though widely undeveloped) techniques like zero knowledge proofs, newer networks will be able to have cryptographic proofs of transactions without even recording them on a blockchain.

1. There are a few ways. You can do what suggests but, like he said, the technology has not been thoroughly vetted yet. Another way is to use TAILS and send money to your electrum wallet in there the obfuscate where the money is actually going which you can send to a tumbler to add a layer of anonymity. You can then generate a key pair using the java applet at bitaddress.org offline and create a bitcoin wallet that has never been online before. This is probably your safest bet.

2. Eh, not really. Once you go back from crypto to fiat you open up yourself to lots of spying and all that so I would recommend not trying to cash out using an exchange. If you had, say $100,000 in bitcoin, you could open a coinbase or circle account and slowly sell so that you could cash out. There are other ways that some people with large amounts of cash are willing to buy you out but I'm not exactly sure how that works because I don't have that much.

3. Again, is correct, avoid ASIC mining coins because they are going to be extremely expensive. Mining Ethereum may be a better options, as they also have shorter block times (5 seconds vs Bitcoin's 10 minute blocks) and is made to specifically be difficult for ASICs to avoid the centralization of mining Bitcoin is experiencing now. If you mine ether or whatever coin to decide to mine, you may just want to keep those because they may have a higher potential for gains than bitcoin does, but then again, you would have to make that decision on your own.

3a. Not really, and the ones that are total shitcoins. Ethereum is mined using GPUs, you can buy 160mh rigs premade for around $3,000 on ebay. You can also use this site to calculate how profitable you would be with whatever amount of hashing power and electricity prices you have available:

cryptocompare.com/mining/calculator/eth

4. Depends on the coin and what your individual scenario is.

I haven't examined those thoroughly. If they really aren't, that's awesome. Which one of them have the highest adoption?

Yeah, I agree. That's stretching it a bit far. Anyways, it's not any worse than electronic credit card monies. Still, it might be that they feel they have a somewhat good grip on the internet itself. Hard to tell what's really true, but we hear rumors about massive surveillance capabilities and worse on the way.

That might bluster to appear more powerful than they are, but it's still something to keep in mind.


But you do understand my point? By adopting someone else's system (early adopters and creators) they'd be in effect transferring a great deal of their own wealth to these people. I really don't see this happening without some sort of war.

That's debatable. As far as I know gold has never been a money like thing outside civilization. And back then it was kings and emperors calling the shots, just like now. But there's nothing inherently special about gold, only that it was designated money. The Aztecs, who followed a divergent civilizational path, were doing their plumbing and shit with it.

But are they really? These places are being built down really fast. In the system emerging the plebs aren't allowed to hide assets, you need to be a high level dude.

Also, as I've said several times, if our scenario is harder times, then everything becomes more repressive and difficult. Imagine living in neo-feudal Iceland or something and having to get your rice smuggled in from the Cayman Island bitcoin pirate haven or something.

So either the system persists and they keep calling the shots, or the system is weakened and bitcoin become cumbersome, or the system collapses and bitcoin become worthless.

I agree. Actually I hope it can do the stuff you hope for.

No I didn't, fucktard. I don't even own any BTC anymore, I own Dash, ETH a little Monero and even a tiny bit of ETC. You can filter my posts and read for yourself, but it seems like you can't so this is more for everyone else reading.

Again, no I didn't. I urge anyone who isn't retarded like this dude to read my posts how I explicitly said that there is a difference between interest and usury. Creating interest on a money that is printed out of thin air IS PURE EVIL but the principle of interest rates is essential to modern trade.

Hell the "…" alone outed you as an outsider and that's not even the main tell I was talking about.

Yes, but what I'm saying is that private blockchains will never catch on. They are going to be like compuserv networks or AOL. Blockchain is just a buzzword in the financial industry right now and they just want to jump on the bandwagon.

True, I cannot explain why people like gold, but they do, and history proves this. There are some attributes of gold that do make it better money than, say, rice like divisibility, fungibility, durability, and being easily recognizable, plus the fact that it can't be printed out of thin air like jew paper.


Yes, but you said


Anonymity is inseparable from privacy and freedom. We have the tools to level the playing field so that even the plebs can be invisible like the big guys and I think we should meme it up so that more people know about it any why its important besides being able to buy coke on alphabay.

...

Yeah, you changed your tune when you realized people weren't having your shit here.

Yeah, it is much better than normal currency, I will give you that. But it could be better if it were somehow made usury-proof and we could somehow eliminate the possibility of supply manipulation from large holders.

Incorrect. Completely false. Many examples to the contrary.

Interest is bad, in itself. It is not at all necessary.

And also completely false. The two are equivalent.

No it isn't. Why would anyone loan anyone a huge amount of money to only get same amount back at a future date? Interest rates are needed to

1. Gauge the risk of getting your money

2. Putting a price on how much of a premium you want to give someone else control of your money.

Interest rates are how much you are discounting money in the future vs having it today. Usury is compounding interest on top of a money that costs nothing to create

...

Because it is the correct thing to do and is unnecessary. Typically the lender would only extract fees if the venture was successful. Again, many historical examples, from Europe to Islam, etc.

We aren't free marketers here, and do not believe in Jewish finance or doing things because they are expedient for "the economy."

And again, this is false. The two are equivalent.

Yeah, and that's why the Nazi's were able to be beaten by such a tiny class of parasites were obliterated

Yeah, they are. So are you saying, that the only way you should be able to buy, say, a house, is if you had 100% of the cash, up front? How many people do you know could cough up $200k like that? You are retarded if you think that loans are evil just because you ask for your money back


This dude gets it

...

Are you actually this retarded or trolling, because if it's bait, it's working.

I hate to tell you this user… The vast majority of USD is in a virtual form. You aren't seeing the jewish nightmare, you're in it.

:^)

what am I missing

If people could only purchase things that they had 100% of the cash to put up for, businesses would not be able to start, smart inventors would not be able to get their ideas off the ground and most people would not be able to pay for a house and we would be living in African mud huts.

The economic illiteracy on Holla Forums is stunning

save money
save money
save money/apartment

for faggots who follow bitcoin news, what's the deal with the Chinese acquisition? I read some chinese company now controls a big share of mining

The chinks control a huge amount of bitcoin mining because their government subsidises electricity costs. However, a few developments are worth noting

Bitcoins hashrate is extremely high so it takes ASICs (Application-specific integrated circuits) to mine efficiently. The fabrication for these chips has been accelerating at an exponential rate and many of the fabrication plants are in China. Couple that with cheap electricity and China is now something like 80% of bitcoin mining.

But….advancements for the fabrication of ASICs has hit a brick wall. They have gotten down to 16nm chips and current tech cannot develop chips that are smaller. This is going to bring costs for these ASICs way down and will soon level the playing field.

So basically, China was being rewarded for pushing the hashrate of the network at warp speed but they will soon lose their monopoly as those chips become more widespread

thanks. Any expectations for bitcoin price in 10 years?

FOUND THE JEW

Nobody knows bro. Stop asking.

When gangsters give out loans its called loan sharking. When banks give out loans its called sound economics. Either way its immoral but I wouldn't expect a jew like you to admit that in a debate.

Why was the third reich so successful in the 30's can someone remind me?

For the price? Higher. Limited supply + brilliant developers + open source + (relatively) small market cap = huge potential

But i think the real innovations and profit potentials are not even imagined yet and will come from the development of new, better, faster and more anonymous cryptos

No, banks are worse then loan sharks because they are a criminal enterprise. Interest rates are not only moral but are key to advancing civilization. Economic illiterate mouth breathers like you will never get it though.

Why did the third reich not survive past the 40's, can someone remind me?

Incorrect on both counts.

Jews. your people

...

Maybe the Nazi's (socialists) weren't as smart as you think then if they were so easily beaten by a tiny coterie of inbred weaklings. Or maybe they were on to something….if only we could find a way to use their ideas against them…

Oh right, thats what this whole fucking thread is about.

Who were controlled by kikes, no?

This problem is solved by credit (another reason bitcoin sucks is that it mimics commodity money, which sucks). Credit money is key. The money is created by government and then must be payed back interest-free. Problems solved.

wow.


So, what you're saying is, keep the monopoly of the production of money in place so that it can be usurped by the same people, but as long as we pay the money back interest free it will be kike free?

Credit without interest rates makes sense. It is simply book keeping. The lender gives out a certain amount of money, created at that moment, and the same.amount must be payed back. This balances the equation and results in no overall change to the money supply.

No, it cannot be usurped. The state has full control. Money power was able to usurp the state because of commodity money (because kings felt the need to borrow Jew gold from kikes).

Correct, because Jews will have been exterminated. Interest is inherently Judaic and was only ever introduced by Jews. It did not historically exist in Christian Europe, and they were able to finance churches and cathedrals and so on just fine. Same in Islam.

The state can and always will be infiltrated. Politicians must be elected and need money to finance their campaigns. Only good goys get into power because they do the bidding of their puppet masters. ZOG will always be in control as long as there is a monopoly on money.

This thread got derailed talking about interest rates, but the answer to ZOG is not an interest free money, its competition in money. Bitcoin is v 1.0 of non-state money and will only get better. It is how we can potentially get away from their slimy grip without having everything completely collapse.

And decisions on lending can be made in the same way as they are today, with credit scores and like measurements. This score can also be tied to socially desirable behavior (so those who do their duty to society can borrow more than those who don't).

False.

You are starting from all false premises, that we will have democracy and all other worthless bullshit. All of your opposition comes from a liberal standpoint, but we are not liberals and we do not care about democracy. We also do not care about other liberal sacred cows like economic activity for its own sake, the invisible hand, and other bourgeois crap.

Again, false. If Jews are dead, there is no ZOG.

This comes from the flawed libertarian/liberal standpoint that if our government is bad today, then government per se is bad. This is not the case. Many historical examples.

This is correct.


Good luck killing all Jews m8 (truly). But cryptocurrency is far more feasible than that.

… might even help as a stepping stone to the former.

Well it is definitely our best option for now. I am just wondering if more can be done with it to make it truly Jew-proof.

I am not an anarco-capitalist Utopians and I like the idea for being able to carry the money in my own digital vault instead of Banks so I don't have to pay a fee for having account in the bank. If everyone to use digital currencies instead of the physical currencies then banks will cease to exist.

Bottom line, you are never going to be able to eliminate all Jews, its jut not going to happen.

The fact of the matter is that when you have a monopoly on money, you are going to have bad people that want a piece of the pie. There may be mostly good people in government (highly doubtful) but the allure of that power will always be a way for some of the more nefarious players to open the door to Jew bankers and the like.

You may say that Hitler was going to banish these people, but the fact of the matter is that he also had a monopolized currency that ultimately collapsed and made things worse for his people in the end. You can blame it on whoever, but the absolute truth is that people were poorer after the reich collapsed and one of the main reasons for that (among others) was that peoples' life savings were denominated in reichmarks which collapsed in value after the war.

People had no alternative. Now we do. They are going to try to pull the rug out from under us, and this time, its going to be the whole planet. Crypto is the life boat to peacefully tell them to fuck off.

Misinformed? Sure yeah…

Everyone supporting it is misinformed about how the cryptocurrency is literally the next step to making digital currency the ONLY currency and it won't be in your control.

Anything that is going to be beneficial to the system? It's going to be convenient for you.

These aren't a fail-safe nor a surefire way of guaranteeing you have control of your money at all. You're already on a larger system that is only intended to seem free. Which is the world wide web as we know it, and you intend for me to believe that I should trust a currency designed specifically for use in this military-industrial designed experiment? I don't know it just sounds like the next step towards putting us in even smaller boxes, and the more I think about it? I never really liked any space games/books where the money was called credits.


Sure yea it is a fuck you to the banks, but, I mean in the end all it is to me is just another means of ushering in fully digital money. Regardless of how it seems to have start up to you? To me I just see another card being played to dupe people into just letting this go a little longer til all we've had is no longer ours. Slice by slice.


This also is assuming that the Internet and the world wide web along with the rest of its infrastructure even stays up.

Maybe in this future of digital currency we can all become amputees in the future and the free healthcare that xir xighness gives to xer people will cover our sweet augmentations, because, that's totally how it works, right? Then we can ride a in our sweet augmented reality simulators; I hope they have an apocalypse setting.

The word bike should be in there.

I swear I put it there.

This is one of the most retarded posts in this thread.

Everyone in here probably just lost a few IQ points reading it.

No one says that crypto currencies are convenient, and in fact, they're not. They are slow, technical and you can get your money taken from you or just straight up lose it and you have no recourse to get it back. It's going to take a long time before crypto gets popular enough that my dad will use it and by then, they won't be able to censor it.

….that is decentralized and completely out of the control of anyone except the person that knows your private keys. This is the main difference. Your crypto funds cannot be 'frozen', they are immutable and uncensorable.


No one said that bitcoin is fail safe…in fact most people would point out how risky it is.

Bitcoin can be used without internet, and there are currently techniques being developed to decentralize the internet using mesh networks and crypto networks that will be used to encrypt any and all packets that are transmitted through any medium.


Trips for truth

I feel you man. It's sort of like watching some prison inmates discussing what type of shackle is the most comfortable.

It's quite horrible actually, but you can't unplug people before they're ready.

Haven't quite read the thread yet but we haven't had enough threads on cryptos.

Quite honestly Bitcoin is dead. It will probably be Ethereum that takes its place.

Bitcoin has utility as an investment or "savings account" because it is deflationary but it is useless for everything else. Ethereum does inflate somewhat but this rate lessens every year. It will probably take over day to day transacting in the crypto world.

Pick one.

I am talking about cryptocurrency being stored in pc, smartmobile, flash drive etc. They can't be taken away unless it is connected to the internet. Smartmobile can be used to pay so why not use them?

Interest is not the same thing as compounding interest, compounding interest is usury period.

...

Good idea have two different private keys then. One for stash and one for everyday uses.

People should have a phone for daily use (think of this as a spending account) and several BIP38 encrypted paper wallets for storing (savings account).

that sounds like an awful idea

The rich could buy quantum computers and mine them all for themselves.

not talking about DDOS coin.
DDOS coin could actually destroy the banks and then replace them.

Sounds fucking terrifying.

Bitcoin could have made a real difference, but the banks fought back hard and Bitcoin people allowed their greed and stupidity to snatch defeat from the jaws of victory.

Bitcoin is completely captured now. A small group of terrorists and psychopaths captured the protocol and are busy dismantling it so they can flip the corpse for a few shekels.

Etherem was funded by the banks from the beginning. Fortunately, (or not, depending on your perspective) the inventor is a complete lunatic stoner with no capability to deliver.

The rest of them are scams various degrees of obviousness.

No, interest is usury. Period.

This is how I know you are from plebbit or something. Usury and its real definition is common knowledge on Holla Forums.

NEED I REMIND YOU FAGGOTS THAT ETHEREUM'S FOUNDER IS BEING BANKROLLED THE THIEL FOUNDATION OWNED BY PETER THIEL, FOUNDER OF PAYPAL AND MEMBER OF THE BILDERBERG GROUP. KIKES ARE CRASHING THE PETRODOLLAR TO MAKE ROOM FOR A GLOBAL COIN THAT WILL LIKELY BE CENTRALIZED AND COMPLETELY VIRTUAL WHILE THEY HOARD ALL THE GOLD

Loans can be made.without interest. It is not a difficult concept to grasp.


You're a fucking retard. The currency did not collapse, the country was defeated in war you subhuman libertardian.

And sure thing Shlomo. 100 years from now, there will not be a single Jew alive in this planet. I guarantee it.

Problem is though that in 20 yrs time people will still be sitting around talking about bitcoins being the next big thing and we will have progressed no further. I think that the dollar and other major currencies could collapse soon but they will just bring in a new one based on gold value as there is nothing else to do, it's the banks creating money and debt out of nothing that ruins it all.

The cryptokikes want to fuck the U.S. dollar to spit on white people so they can obtain their globalist dream with buttcoins, it won't work out. I don't like re-runs either.

We need the final solution.

The solution is here, and it's called SUPERMONEY.

Bump. Explain.

Invest in dogecoin now

b