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Started By
Message
re: Dogecoin up 400% in a week
Posted on 4/16/21 at 2:58 pm to TigerTatorTots
Posted on 4/16/21 at 2:58 pm to TigerTatorTots
quote:
Suggesting this tells me you haven't really researched this asset class very much.
I'm quite familiar with cryptocurrencies. As I stated before, how useful is a cryptocurrency (or any type of currency) if you cannot legally purchase anything with it, and you cannot convert it in to legal tender?
3
Posted on 4/16/21 at 2:58 pm to bee Rye
quote:
It's been a known store of value for thousands of years.
So how did bitcoin pass it up?
quote:
If you really think Doge will ever hit $10, I don't know what to tell you
I'm 99% sure that it won't hit $10. It was more of a joke. However, I don't think this is the all time highs for Doge, do you?
Posted on 4/16/21 at 2:59 pm to Ross
quote:
An outright ban wouldn’t end well for the government. They’d end up looking foolish.
And I haven't argued against any of this. Will the government kill cryptos? Of course not. Could they? Easily.
It's that last part that people seem to be getting bent out of shape with as if cryptos are some magical thing immune from government fiat.
Posted on 4/16/21 at 3:00 pm to Centinel
quote:
I'm quite familiar with cryptocurrencies. As I stated before, how useful is a cryptocurrency (or any type of currency) if you cannot legally purchase anything with it, and you cannot convert it in to legal tender?
If people want to use them, I don’t think the government has an effective way to stop either of these activities.
Posted on 4/16/21 at 3:00 pm to SouthMSReb
quote:
So how did bitcoin pass it up?
scarcity. there is a finite supply of bitcoin. Doge, on the otherhand, has an infinite supply.
quote:
I'm 99% sure that it won't hit $10. It was more of a joke. However, I don't think this is the all time highs for Doge, do you?
SotoshiStreetBets will move on to something else. I would not be shocked if this morning was the ATH.
Posted on 4/16/21 at 3:01 pm to Ross
quote:
If people want to use them, I don’t think the government has an effective way to stop either of these activities.
That depends on what you mean by "use them". Could they swap back and forth? Sure. Government can't stop that. It's the "currency" part that the government could step on. Again, a zillion dogecoin doesn't really mean anything if you can't purchase anything with it, or convert it to a form of currency that you can pay with.
Posted on 4/16/21 at 3:02 pm to Centinel
quote:
That depends on what you mean by "use them". Could they swap back and forth? Sure. Government can't stop that. It's the "currency" part that the government could step on. Again, a zillion dogecoin doesn't really mean anything if you can't purchase anything with it, or convert it to a form of currency that you can pay with.
you just go to Malta to cash out, easy peezy
Posted on 4/16/21 at 3:02 pm to SouthMSReb
quote:If we are talking size, Bitcoin has a ways to go. It will happen though. The gold/bitcoin flippening started last year
So how did bitcoin pass it up?
This post was edited on 4/16/21 at 3:05 pm
Posted on 4/16/21 at 3:04 pm to Centinel
I don’t think a zillion doge means anything anyway, and it irritates me to no end that people are putting real money into an inferior crypto because when it crashes they will no doubt shite all over the entire sector
But if I can exchange currency P2P from a cold wallet and the government can’t stop it, what stops someone from exchanging a good with me for the tokens?
Not advocating for tax evasion here, just saying I think any governments ability to stop transactions is very limited and if their populace wants to use it the populace will find a way to use it.
But if I can exchange currency P2P from a cold wallet and the government can’t stop it, what stops someone from exchanging a good with me for the tokens?
Not advocating for tax evasion here, just saying I think any governments ability to stop transactions is very limited and if their populace wants to use it the populace will find a way to use it.
This post was edited on 4/16/21 at 3:05 pm
Posted on 4/16/21 at 3:08 pm to Centinel
quote:
how useful is a cryptocurrency (or any type of currency) if you cannot legally purchase anything with it, and you cannot convert it in to legal tender?
It is nothing but make believe video game money that someone assigned value to. Those saying it can’t be wrecked by the gov must have forgotten that at one point in this country it was illegal to own physical gold....
Posted on 4/16/21 at 3:08 pm to Centinel
quote:The only way this happens is if all developed nations in the world institued the same regulations at the same time. If just 1 nation becomes a safe haven, all of the crypto wealth would gravitate to that nation. There are incentives for countries to be safe havens for crypto while other countries are "banning" it. And I put banning in quotes as you cannot ban it as long as the internet is operating. Nigeria and pakistan "banned" bitcoin and the months after led to the largest adoption of bitcoin within those countries that they had in history.
I'm quite familiar with cryptocurrencies. As I stated before, how useful is a cryptocurrency (or any type of currency) if you cannot legally purchase anything with it, and you cannot convert it in to legal tender?
Posted on 4/16/21 at 3:09 pm to bayoudude
quote:Sounds like you are describing fiat dollars here
It is nothing but make believe video game money that someone assigned value to
Posted on 4/16/21 at 3:09 pm to bayoudude
quote:
It is nothing but make believe video game money that someone assigned value to. Those saying it can’t be wrecked by the gov must have forgotten that at one point in this country it was illegal to own physical gold....
You can actually locate and confiscate physical gold.
Walk me through the process in which my Bitcoin is confiscated
Posted on 4/16/21 at 3:10 pm to Ross
quote:He can't, because he hasn't put in any time actually learning how it all works.
Walk me through the process in which my Bitcoin is confiscated
Posted on 4/16/21 at 3:11 pm to Centinel
quote:
They can if they want to bad enough.
so they dont want to stop murder bad enough or money laundering or any of the other shite going on?
Why did it take DPR posting his real name if it was so easy to stop things like the silk road?
quote:
No shite. What the frick do you think currency is?
do you go and exchange gold or do you hold it? if the government made it illegal in the USA to hold gold, do you really think you couldnt get around that?
quote:
Probably. But that doesn't mean the government couldn't kill it if they wanted to.
explain how. If they make it illegal in the USA, guess what, its still legal in other countries. I simply pop my thumb drive in, run "tails" and suddenly i am in another country. Now just need to setup an offshore bank account to move any thing I want to exchange to.
Then I need to hide the btc from the ledger before sending it to the coinbase or something similar before sending to my offshore account which then sends to my normal bank. So i would have to tumble or use mutiple tumble simulations.
or i could use tails to open one of the many debit cards available now and use a remailing service in eastern europe to get it to me.
in other words, they fricking cant. NSA cant crack Tails, they have no way of stopping it, that train left a long time ago.
And please explain why they would want to.
quote:
frick off.
Im not the one looking like a dumbass in this thread. fricking Normies coming in always screaming the government is going to ban crypto. Every year you look like an idiot.
Im sure the second richest man in the world is investing in something the government is about to ban. Something the government makes tax revenue from. Do you understand how stupid that sounds?
Posted on 4/16/21 at 3:13 pm to When in Rome
If only I had bought $1,000 of fake scam coin doge in the fall at $0.0025
I coulda been an OT baller
I coulda been an OT baller
Posted on 4/16/21 at 3:14 pm to TigerTatorTots
quote:
He can't, because he hasn't put in any time actually learning how it all works.
its more along the lines of he doesnt have the IQ to understand how it works. less about putting in the time.
And how did the whole its illegal to own physical gold thing work out? lol finally relented.
If things are so easy to stop by just making illegal, why dont we start with murder?
Posted on 4/16/21 at 3:16 pm to lsu777
quote:I give people the benefit of the doubt. People who say things like that I will assume just know nothing about it. They may just be dumb, but if they take the time and still say things like that, then I'll call them dumb
its more along the lines of he doesnt have the IQ to understand how it works. less about putting in the time.
Posted on 4/16/21 at 3:20 pm to TigerTatorTots
quote:
I give people the benefit of the doubt. People who say things like that I will assume just know nothing about it. They may just be dumb, but if they take the time and still say things like that, then I'll call them dumb
wel if they know nothing about it, then they should ask questions or research, not go running their mouth. That is the definition of stupidity.
Im pretty knowledgable on outdoors stuff compared to the normal person, but i wouldnt dare run on to the outdoor board or a outdoor type thread on the OT and run my mouth because compared to those guys I am an ignorant SOB when it comes to most things.
so when they come on here running their mouth i assume they have tried to research and are just too dumb to understand.
Of course I am kind of a dick when it comes to stupid people.
Posted on 4/16/21 at 3:21 pm to lsu777
quote:
do you go and exchange gold or do you hold it? if the government made it illegal in the USA to hold gold, do you really think you couldnt get around that?
You can hold all the gold you want. Good luck doing anything with it though.
quote:
Now just need to setup an offshore bank account to move any thing I want to exchange to.
Then I need to hide the btc from the ledger before sending it to the coinbase or something similar before sending to my offshore account which then sends to my normal bank. So i would have to tumble or use mutiple tumble simulations.
And you think if the government made crytpos illegal, they wouldn't catch you doing this real fricking quick?
quote:
in other words, they fricking cant. NSA cant crack Tails, they have no way of stopping it, that train left a long time ago.
Oh you sweet summer child.
quote:
And please explain why they would want to.
The question wasn't "want to", it was "could".
quote:
fricking Normies
quote:
always screaming the government is going to ban crypto. Every year you look like an idiot.
Never once have I said government was going to ban crypto. In fact even in this thread I said they wouldn't. So take your assumptions and shove them up your arse dipshit. Maybe actually read what I typed instead of screamy "fricking normies" at the sky.
This post was edited on 4/16/21 at 3:24 pm
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