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Posted: 1/13/2021 2:52:28 PM EDT
[#1]
From the beginnings with Silk Road, we shall come full circle and the streets shall be littered in lead this time.
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Posted: 1/13/2021 2:54:49 PM EDT
[#2]
Crypto-currencies are far too volatile and prone to fuckery.
Meanwhile, the globalists are planning to make us cash-less. |
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Posted: 1/13/2021 2:56:59 PM EDT
[#3]
it puts the chip under its skin...
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Posted: 1/13/2021 2:57:53 PM EDT
[#4]
Something stable, private, and secure. Bitcoin isn't stable for sure!
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Posted: 1/13/2021 2:59:19 PM EDT
[#5]
Quote HistoryQuoted: Crypto-currencies are far too volatile and prone to fuckery. Meanwhile, the globalists are planning to make us cash-less. Did you read the whole post? |
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Posted: 1/13/2021 3:03:10 PM EDT
[#6]
Quote HistoryQuoted: Crypto-currencies are far too volatile and prone to fuckery. Meanwhile, the globalists are planning to make us cash-less. Too volatile is a relative term. If I really needed to do something anonymously, the volatility would really just be the price you had to pay for that luxury. |
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Posted: 1/13/2021 3:05:01 PM EDT
[#7]
It's volatile because it's financially disrupting on a global scale and nobody knows how to value it...Yet.
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Posted: 1/13/2021 3:08:23 PM EDT
[#8]
Quote HistoryQuoted: Too volatile is a relative term. If I really needed to do something anonymously, the volatility would really just be the price you had to pay for that luxury. Bitcoin isn't natively anonymous. I would strongly encourage people read about bitcoin and a few other cryptocurrencies to understand the different pros and cons. Bitcoin has "brand" recognition and is likely going to be pretty "stable" (stable being a relative term in regards to crypto in general) |
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Posted: 1/13/2021 3:09:49 PM EDT
[#9]
With the top few coins, the long term volatility has been in the direction of more valuable, not less valuable like fiat. This could be argued to be a better system than stable but devalued currency.
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Posted: 1/13/2021 3:21:28 PM EDT
[#10]
Your going to get left behind boomers.
This technology is as important as firearms for preservation of personal freedom. Firearms didn't start out as block IIs. They were slow to reload and unreliable yet even as archaic as they were they proved superior to the competing tech. As blockchain evolves, it will be lethal to the traditional financial sector. |
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Posted: 1/13/2021 3:26:21 PM EDT
[#11]
RIOT, RobinHood and SPACs for me for a bit to see how shit goes...
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Posted: 1/13/2021 3:31:24 PM EDT
[#12]
Quote HistoryQuoted: Your going to get left behind boomers. This technology is as important as firearms for preservation of personal freedom. Firearms didn't start out as block IIs. They were slow to reload and unreliable yet even as archaic as they were they proved superior to the competing tech. As blockchain evolves, it will be lethal to the traditional financial sector. I don't know if the environmentalists are going to allow Bitcoin to survive. I read from an article posted here on ARFCOM, no less, that mining it and processing it uses HUGE amounts of electricity. Visa can process something like 100,000 transactions for a fraction of the energy it takes to process a single Bitcoin transaction. Then you have the miners running their supercomputers 24/7... I want to get into it, but every time I'm about to buy some I read something significant/negative that stops me. |
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Posted: 1/13/2021 3:37:50 PM EDT
[#13]
Quote HistoryQuoted: Your going to get left behind boomers. This technology is as important as firearms for preservation of personal freedom. Firearms didn't start out as block IIs. They were slow to reload and unreliable yet even as archaic as they were they proved superior to the competing tech. As blockchain evolves, it will be lethal to the traditional financial sector. No it won't. |
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Posted: 1/13/2021 3:39:06 PM EDT
[#14]
Quote HistoryQuoted: Bitcoin isn't natively anonymous. I would strongly encourage people read about bitcoin and a few other cryptocurrencies to understand the different pros and cons. Bitcoin has "brand" recognition and is likely going to be pretty "stable" (stable being a relative term in regards to crypto in general) Quote HistoryQuoted: Quoted: Too volatile is a relative term. If I really needed to do something anonymously, the volatility would really just be the price you had to pay for that luxury. Bitcoin isn't natively anonymous. I would strongly encourage people read about bitcoin and a few other cryptocurrencies to understand the different pros and cons. Bitcoin has "brand" recognition and is likely going to be pretty "stable" (stable being a relative term in regards to crypto in general) Yeah, I kind of had other cryptos in mind as I was typing that. I'm speaking in general regarding the volatility of crypto across the board. You are right that there are better options out there for privacy. |
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Posted: 1/13/2021 3:40:16 PM EDT
[#15]
Quote HistoryQuoted: No it won't. Quote HistoryQuoted: Quoted: Your going to get left behind boomers. This technology is as important as firearms for preservation of personal freedom. Firearms didn't start out as block IIs. They were slow to reload and unreliable yet even as archaic as they were they proved superior to the competing tech. As blockchain evolves, it will be lethal to the traditional financial sector. No it won't.  If you think the traditional finance sector isn't thinking of ways to incorporate Bitcoin. |
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Posted: 1/13/2021 3:44:43 PM EDT
[#16]
I wish more people had that mindset from the beginning and not at the last minute.
We've been accepting Bitcoin as payment on Skidtactical.com with an automatic 5% off on all orders. I've been in Bitcoin since 2011. It's amazing how many gun owners dismissed Bitcoin as a joke when I talked about it the years leading up to the great tech purge. Now everyone's scrambling to learn and get in at high prices. |
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Posted: 1/13/2021 3:45:05 PM EDT
[#17]
Quote HistoryQuoted: This. If you think the traditional finance sector isn't thinking of ways to incorporate Bitcoin.Cryptocurrency is being used to get you comfortable with your next form of digital bondage. Once it is no longer needed it will be shut down as the currency of terrorists or whatever the states deems politically acceptable. |
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Posted: 1/13/2021 3:45:06 PM EDT
[#18]
Quote HistoryQuoted: No it won't. Quote HistoryQuoted: Quoted: Your going to get left behind boomers. This technology is as important as firearms for preservation of personal freedom. Firearms didn't start out as block IIs. They were slow to reload and unreliable yet even as archaic as they were they proved superior to the competing tech. As blockchain evolves, it will be lethal to the traditional financial sector. No it won't. Nobody really knows either way. It's way too early for anyone to know how cryptocurrency evolves over the next few decades. I'm not confident that it'll threaten the traditional financial sector but I'm not dismissive of it either. We are definitely in the "we don't even know what we don't know" phase. The idea of Bitcoin had never even occurred to me prior to it existing. Going further the idea of Ethereum had never even occurred to me prior to it existing even though by that point I was already somewhat versed in cryptocurrency. Who can honestly say that that they can predict all future potential applications of blockchain? If I could have even imagined one of them in advance I'd be rich be beyond my wildest dreams yet here I am clearly not posting from a Motor Yacht parked in Monte Carlo. |
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Posted: 1/13/2021 3:47:38 PM EDT
[#19]
Quote HistoryQuoted: Nobody really knows either way. It's way too early for anyone to know how cryptocurrency evolves over the next few decades. I'm not confident that it'll threaten the traditional financial sector but I'm not dismissive of it either. We are definitely in the "we don't even know what we don't know" phase. The idea of Bitcoin had never even occurred to me prior to it existing. Going further the idea of Ethereum had never even occurred to me prior to it existing even though by that point I was already somewhat versed in cryptocurrency. Who can honestly say that that they can predict all future potential applications of blockchain? If I could have even imagined one of them in advance I'd be rich be beyond my wildest dreams yet here I am clearly not posting from a Motor Yacht parked in Monte Carlo. Quote HistoryQuoted: Quoted: Quoted: Your going to get left behind boomers. This technology is as important as firearms for preservation of personal freedom. Firearms didn't start out as block IIs. They were slow to reload and unreliable yet even as archaic as they were they proved superior to the competing tech. As blockchain evolves, it will be lethal to the traditional financial sector. No it won't. Nobody really knows either way. It's way too early for anyone to know how cryptocurrency evolves over the next few decades. I'm not confident that it'll threaten the traditional financial sector but I'm not dismissive of it either. We are definitely in the "we don't even know what we don't know" phase. The idea of Bitcoin had never even occurred to me prior to it existing. Going further the idea of Ethereum had never even occurred to me prior to it existing even though by that point I was already somewhat versed in cryptocurrency. Who can honestly say that that they can predict all future potential applications of blockchain? If I could have even imagined one of them in advance I'd be rich be beyond my wildest dreams yet here I am clearly not posting from a Motor Yacht parked in Monte Carlo. It's like the internet of the 90s. We were all staring at it, but no one really knew just how much it would change our lives in such a short time frame. Therefore, no one really knew how much it was really worth either. |
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Posted: 1/13/2021 3:48:51 PM EDT
[#20]
The real value of BTC was that it was untraceable. After the last pedo ring got busted, it is literally worthless and purely speculative. Blockchain has further to go...
Proceed with extreme caution. |
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Posted: 1/13/2021 3:52:52 PM EDT
[#21]
Quote HistoryQuoted: Nobody really knows either way. It's way too early for anyone to know how cryptocurrency evolves over the next few decades. I'm not confident that it'll threaten the traditional financial sector but I'm not dismissive of it either. We are definitely in the "we don't even know what we don't know" phase. The idea of Bitcoin had never even occurred to me prior to it existing. Going further the idea of Ethereum had never even occurred to me prior to it existing even though by that point I was already somewhat versed in cryptocurrency. Who can honestly say that that they can predict all future potential applications of blockchain? If I could have even imagined one of them in advance I'd be rich be beyond my wildest dreams yet here I am clearly not posting from a Motor Yacht parked in Monte Carlo. If you know history, you know exactly what is going to happen. The state cannot retain power if it has no power over the currency within. |
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Posted: 1/13/2021 3:54:24 PM EDT
[#22]
I started mining Bitcoins when it was $4,700 with 5 Antminer S9s in 2017. Bought additional machines for Ethereium and Siacoin soon after. Sold the mining farm and made a good profit on the machines and the coins I mined.
And I'm saying Bitcoin and crypto is a ridiculous scam and bubble that can pop at any time. It's not a currency. It's just a gamble based on nothing. I'm glad I got out, no matter how much money I left on the table. ETA: crypto transactions are more public and traceable than cash, checks, wire transfers, etc. There is less privacy with the public ledger than literally almost any other currency lol |
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Posted: 1/13/2021 3:55:11 PM EDT
[#23]
Quote HistoryQuoted: If you know history, you know exactly what is going to happen. The state cannot retain power if it has no power over the currency within. Quote HistoryQuoted: Quoted: Nobody really knows either way. It's way too early for anyone to know how cryptocurrency evolves over the next few decades. I'm not confident that it'll threaten the traditional financial sector but I'm not dismissive of it either. We are definitely in the "we don't even know what we don't know" phase. The idea of Bitcoin had never even occurred to me prior to it existing. Going further the idea of Ethereum had never even occurred to me prior to it existing even though by that point I was already somewhat versed in cryptocurrency. Who can honestly say that that they can predict all future potential applications of blockchain? If I could have even imagined one of them in advance I'd be rich be beyond my wildest dreams yet here I am clearly not posting from a Motor Yacht parked in Monte Carlo. If you know history, you know exactly what is going to happen. The state cannot retain power if it has no power over the currency within. If you know exactly what is going to happen, then by all means get rich shorting it. Your imagination is too limited. You are only thinking of it in terms of currency. Classic example of my exact point that "you don't even know what you don't know". |
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Posted: 1/13/2021 4:04:13 PM EDT
[#24]
Quote HistoryQuoted: If you know exactly what is going to happen, then by all means get rich shorting it. Your imagination is too limited. You are only thinking of it in terms of currency. Classic example of my exact point that "you don't even know what you don't know". It's a common refrain among the crypto cultists. |
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Posted: 1/13/2021 4:09:21 PM EDT
[#25]
Agreed. Our community should absolutely embrace this tech as increasingly payment systems become a vector of attack.
No stopping a BTC transaction by a bank, .gov, or otherwise. |
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Posted: 1/13/2021 4:14:23 PM EDT
[#26]
Quote HistoryQuoted: I started mining Bitcoins when it was $4,700 with 5 Antminer S9s in 2017. Bought additional machines for Ethereium and Siacoin soon after. Sold the mining farm and made a good profit on the machines and the coins I mined. And I'm saying Bitcoin and crypto is a ridiculous scam and bubble that can pop at any time. It's not a currency. It's just a gamble based on nothing. I'm glad I got out, no matter how much money I left on the table. ETA: crypto transactions are more public and traceable than cash, checks, wire transfers, etc. There is less privacy with the public ledger than literally almost any other currency lol I'll argue they put it into place on purpose. You can't just turn off the old, broken financial system for a whole new one and tell people "Sorry, folks, that's how it is"...Hoy fuck, talk about sky falling and madness...You have to slowly introduce it to them so they accept it while blowing out the long in the tooth system that exists and is failing. Digital currencies via blockchain transactions are where we're headed. Whether you like it or not. |
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Posted: 1/13/2021 4:19:47 PM EDT
[#27]
Quote HistoryQuoted: This. If you think the traditional finance sector isn't thinking of ways to incorporate Bitcoin.It has to incorporate it to compete. Let me know when banks can offer 6% interest. Also where can I get a loan within 2-3 minutes money on the way to my bank without presenting an ID or doing paperwork. Where can I send any amount of money to relatives internationally for less than a can of coke? |
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Posted: 1/13/2021 4:19:53 PM EDT
[#28]
Quote HistoryQuoted: I started mining Bitcoins when it was $4,700 with 5 Antminer S9s in 2017. Bought additional machines for Ethereium and Siacoin soon after. Sold the mining farm and made a good profit on the machines and the coins I mined. And I'm saying Bitcoin and crypto is a ridiculous scam and bubble that can pop at any time. It's not a currency. It's just a gamble based on nothing. I'm glad I got out, no matter how much money I left on the table. ETA: crypto transactions are more public and traceable than cash, checks, wire transfers, etc. There is less privacy with the public ledger than literally almost any other currency lol Reading between this lines in this article, it could certainly go the path of helping the surveillance state and some dystopian, over-democratized social credit (because of the transparency of your transaction) world. |
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Posted: 1/13/2021 4:22:55 PM EDT
[#29]
It all comes down to a matter of trust and I want my $1 to be worth a $1.
When I convert it to bitcoin it's worth $0.80 whatever is left after the people making up these numbers for this fiat currency take their cut. The next day that $0.80 might be worth $0.80 or it might be worth $1 or $0.60 cents. Depends on how people feel about the made up currency that day. The US Government is working on a crypto currency I'd bet. |
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Posted: 1/13/2021 4:23:13 PM EDT
[#30]
Quote HistoryQuoted: It has to incorporate it to compete. Let me know when banks can offer 6% interest. Also where can I get a loan within 2-3 minutes money on the way to my bank without presenting an ID or doing paperwork. Where can I send any amount of money to relatives internationally for less than a can of coke? How is anyone getting a loan with no ID or paperwork? Pledging BTC as collateral or something? |
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Posted: 1/13/2021 4:26:24 PM EDT
[#31]
Quote HistoryQuoted: It all comes down to a matter of trust and I want my $1 to be worth a $1. When I convert it to bitcoin it's worth $0.80 whatever is left after the people making up these numbers for this fiat currency take their cut. The next day that $0.80 might be worth $0.80 or it might be worth $1 or $0.60 cents. Depends on how people feel about the made up currency that day. The US Government is working on a crypto currency I'd bet. You would bet correctly. https://cryptopotato.com/us-fed-reserve-is-experimenting-with-a-digital-currency/ |
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Posted: 1/13/2021 4:28:05 PM EDT
[#32]
Quote HistoryQuoted: How is anyone getting a loan with no ID or paperwork? Pledging BTC as collateral or something? Yup, put your BTC or Eth in a smart contract and withdraw dai. Send it to CB then to my bank. I don't have fixed monthly payments either. Pay when I want. |
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Posted: 1/13/2021 4:28:22 PM EDT
[#33]
I thought Monero was wha you use for crypto if you really need to be anonymous
i need to learn about crypto its confusing as each of the currencies are a little different |
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Posted: 1/13/2021 4:31:23 PM EDT
[#34]
Quote HistoryQuoted: It all comes down to a matter of trust and I want my $1 to be worth a $1. When I convert it to bitcoin it's worth $0.80 whatever is left after the people making up these numbers for this fiat currency take their cut. The next day that $0.80 might be worth $0.80 or it might be worth $1 or $0.60 cents. Depends on how people feel about the made up currency that day. The US Government is working on a crypto currency I'd bet. Except, since the US Gov can print dollars at will any time they want, that dollar ain't really worth a dollar when moving forward. Ever. |
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Posted: 1/13/2021 4:33:17 PM EDT
[#35]
Quote HistoryQuoted:There is less privacy with the public ledger than literally almost any other currency lol That's not what people are leading us to believe.  |
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Posted: 1/13/2021 4:33:28 PM EDT
[#36]
Quote HistoryQuoted: With the top few coins, the long term volatility has been in the direction of more valuable, not less valuable like fiat. This could be argued to be a better system than stable but devalued currency. I have a Bittrex account, is there somewhere better? |
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Posted: 1/13/2021 4:33:56 PM EDT
[#37]
Quote HistoryQuoted: I thought Monero was wha you use for crypto if you really need to be anonymous i need to learn about crypto its confusing as each of the currencies are a little different Yes this is true |
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Posted: 1/13/2021 4:35:05 PM EDT
[#38]
Quote HistoryQuoted: Except, since the US Gov can print dollars at will any time they want, that dollar ain't really worth a dollar when moving forward. Ever. Quote HistoryQuoted: Quoted: It all comes down to a matter of trust and I want my $1 to be worth a $1. When I convert it to bitcoin it's worth $0.80 whatever is left after the people making up these numbers for this fiat currency take their cut. The next day that $0.80 might be worth $0.80 or it might be worth $1 or $0.60 cents. Depends on how people feel about the made up currency that day. The US Government is working on a crypto currency I'd bet. Except, since the US Gov can print dollars at will any time they want, that dollar ain't really worth a dollar when moving forward. Ever. I’m watching grocery prices and energy prices rise in real time in my household |
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Posted: 1/13/2021 4:35:37 PM EDT
[#39]
USDC is the answer you seek, stable and effective using Coinbase Pro
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Posted: 1/13/2021 4:36:43 PM EDT
[#40]
Quote HistoryQuoted: Agreed. Our community should absolutely embrace this tech as increasingly payment systems become a vector of attack. No stopping a BTC transaction by a bank, .gov, or otherwise. Because it would be impossible to one day put a signature on a piece of paper making it illegal to use crypto currency. After all the news stories about how it was used to buy drugs across the Internet, buy ghost guns, and all that trade in child pedophilia the media will cry for it's banning and overnight your life's energy is worth zero. A similar thing happening with cash is unlikely but yeah, even fiat currency has been recalled. |
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Posted: 1/13/2021 4:38:44 PM EDT
[#41]
Quote HistoryQuoted:Let me know when banks can offer 6% interest. The risk is that high? Wow I knew it was crazy risky but not that bad. 
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Posted: 1/13/2021 4:38:55 PM EDT
[#42]
Quote HistoryQuoted: What are the top few coins? I have a Bittrex account, is there somewhere better? Quote HistoryQuoted: Quoted: With the top few coins, the long term volatility has been in the direction of more valuable, not less valuable like fiat. This could be argued to be a better system than stable but devalued currency. I have a Bittrex account, is there somewhere better? Bittrex is decent. It’s not the most popular but I’ve been using it for awhile. Bitcoin, ethereum, litecoin, bitcoincash. There are no promises but in general those sit at the top and have for awhile (few years). I’m betting on ETH. |
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Posted: 1/13/2021 4:40:20 PM EDT
[#43]
Quote HistoryQuoted:Yup, put your BTC or Eth in a smart contract and withdraw dai. Send it to CB then to my bank. I don't have fixed monthly payments either. Pay when I want. Neat. I do something similar with a card called an ATM but don't have to pay it back afterwards. |
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Posted: 1/13/2021 4:40:25 PM EDT
[#44]
Quote HistoryQuoted: Crypto-currencies are far too volatile and prone to fuckery. Meanwhile, the globalists are planning to make us cash-less. We live in a society where you can't move $10k without your bank Narc'ing on you to the Feds and the IRS openly trolls thru FaceBuch looking for lifestyles not in keeping with people's income levels. The only and I mean ONLY reason Bitcoin is allowed to exist is because the Powers that be need a way to launder their ill gotten gains before it all crashes so they can put their fortunes into RE, PM's, and other durable instruments. When that window closes, you don't want to be left holding the bag. |
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Posted: 1/13/2021 4:43:19 PM EDT
[#45]
Quote HistoryQuoted: Except, since the US Gov can print dollars at will any time they want, that dollar ain't really worth a dollar when moving forward. Ever. But if I go tomorrow, next week, or next month I don't have to argue with the clerk at the 7-11 that I paid a $1 for this piece of paper and it's worth a dollar still. If I buy $1 worth of bit coin today what is it worth tomorrow? If you're risking $10,000 or $50,000 you might not care, but if you're investing millions that sort of risk isn't welcomed. |
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Posted: 1/13/2021 4:43:22 PM EDT
[#46]
Quote HistoryQuoted: It's a common refrain among the crypto cultists. Quote HistoryQuoted: Quoted: If you know exactly what is going to happen, then by all means get rich shorting it. Your imagination is too limited. You are only thinking of it in terms of currency. Classic example of my exact point that "you don't even know what you don't know". It's a common refrain among the crypto cultists. You're right. We know everything about it already and there's no element of unpredictability. I cede the point. |
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Posted: 1/13/2021 4:46:38 PM EDT
[#47]
Quote HistoryQuoted: Crypto-currencies are far too volatile and prone to fuckery. Meanwhile, the globalists are planning to make us cash-less. |
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Posted: 1/13/2021 4:50:56 PM EDT
[#48]
Quote HistoryQuoted: But if I go tomorrow, next week, or next month I don't have to argue with the clerk at the 7-11 that I paid a $1 for this piece of paper and it's worth a dollar still. If I buy $1 worth of bit coin today what is it worth tomorrow? If you're risking $10,000 or $50,000 you might not care, but if you're investing millions that sort of risk isn't welcomed. Quote HistoryQuoted: Quoted: Except, since the US Gov can print dollars at will any time they want, that dollar ain't really worth a dollar when moving forward. Ever. But if I go tomorrow, next week, or next month I don't have to argue with the clerk at the 7-11 that I paid a $1 for this piece of paper and it's worth a dollar still. If I buy $1 worth of bit coin today what is it worth tomorrow? If you're risking $10,000 or $50,000 you might not care, but if you're investing millions that sort of risk isn't welcomed. Guys like Michael Saylor would say something completely different. |
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Posted: 1/13/2021 4:53:06 PM EDT
[#49]
Hate miners.
 
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Posted: 1/13/2021 4:53:24 PM EDT
[#50]
Quote HistoryQuoted: Guys like Michael Saylor would say something completely different. Paul is going to be left behind.
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