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Posted on 9/4/17 at 12:48 pm
Posted on 9/4/17 at 12:48 pm
(no message)
This post was edited on 1/10/21 at 6:34 pm
16
Posted on 9/4/17 at 12:56 pm to The Baker
quote:
So what do you foresee happening in the future regarding this paradigm?
Will be destroyed by banking elites in collaboration with government partners
Posted on 9/4/17 at 1:01 pm to The Baker
Market is driven by people buying the currency.
Posted on 9/4/17 at 1:09 pm to The Baker
quote:
Also, nothing is worse for "big banking" than blockchain ledgers. Crypto has many large, old, established enemies... and very few allies: silicon valley, tech world in general.... So what do you foresee happening in the future regarding this paradigm?
I was actually at an NSF workshop last month and met a guy from Silicon Valley who has been giving talks around the world on cryptocurrencies. According to him the big banks have seen this coming for a long time and are actually in favor of the digital ledger.
He was also really excited by the roll out that the UN will be offering to refugees with the block chain model. Basically, instead of "currency" it would be like rations. Your account would have x amount of food, y amount of clothing, z amount of housing. He felt this was a great thing because it would eliminate the chances of fraud and make certain that people got the help they needed. I saw it a bit more as government making decisions for you...
Posted on 9/14/17 at 6:43 pm to The Baker
(no message)
This post was edited on 1/10/21 at 6:31 pm
Posted on 9/14/17 at 6:46 pm to The Baker
Estonia is in talks to release their own. If they do and it takes off look for more countries to follow.
The only thing the international community can really do is make it outlaw it. Will they? Depends on how big of a threat the international banks see it as.
The only thing the international community can really do is make it outlaw it. Will they? Depends on how big of a threat the international banks see it as.
Posted on 9/14/17 at 6:55 pm to The Baker
The second they become a threat to the political establishment, look for world governments to begin cracking down on them with a vengeance you've never seen before.
Posted on 9/14/17 at 7:28 pm to The Baker
Am I the only one here against bitcoin and cryptocurrencies? I mean, if you're a private business and want to accept that, it's your business. Just don't come crying to the government for a handout when something goes wrong with it.
Posted on 9/14/17 at 7:48 pm to The Baker
quote:
Crypto offers innumerable ways for people to "hide" money from the IRS, but without the protection from the FDIC.
Not really. Figuring out who someone is in the blockchain ledger is not nearly as hard as people believe it is.
Posted on 9/14/17 at 7:54 pm to The Baker
Crytocureencies can be shut down easily. All it takes is to fine and or shut down any financial institution that allows them to be exchanged for traditional currency.
Posted on 9/14/17 at 8:10 pm to The Baker
quote:
Cryptocurrencies.
Global currency for global economies.
Posted on 9/14/17 at 11:08 pm to The Baker
quote:
Let's talk about the political future of Cryptocurrencies.
It won't be long, Bitcoin and the other cryptocurrencies will be dealt with. You actually think the Global Banking system is going to allow true competition to frick up their fiat currencies? Come on man.
Posted on 9/15/17 at 5:44 am to The Baker
Cryptocurrencies, the biggest fraud currently out there. It is going to blow up when governments start to crack down and they will and it is going to be worth shite.
This post was edited on 9/15/17 at 5:44 am
Posted on 9/15/17 at 7:17 am to The Baker
quote:
So what do you foresee happening in the future regarding this paradigm?
Like others said... Govts will join together to block it.
I don't know much about it but how could it ever be legit if it's only a fixed amount?
Doubtful this ever takes off in the near future
Posted on 9/15/17 at 7:23 am to The Baker
This banning of crypto currency hurts a lot of people, with no Bitcoin how will they buy their molly and lsd knockoffs
Posted on 9/15/17 at 7:44 am to The Baker
I think it all depends on gen2 crypto currencies.
Over $500million worth of Bitcoins have been stolen in some form so far. Once they are gone, you have no way to get them back.
You combine this with China and NK absolutely hoarding bitcoin through both mining and hacking and you have to be cautious at least about bitcoin. Maybe other cryptos have figured it all out already.
Over $500million worth of Bitcoins have been stolen in some form so far. Once they are gone, you have no way to get them back.
You combine this with China and NK absolutely hoarding bitcoin through both mining and hacking and you have to be cautious at least about bitcoin. Maybe other cryptos have figured it all out already.
Posted on 9/15/17 at 10:23 am to The Baker
Governments try to get people to stop using it. People use it more because of this. Governments decide to incorporate it into the system in a way they can control and make interest off of it. The Fed will control it one day.
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