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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 1:00 pm to TheArrogantCorndog
(no message)
This post was edited on 1/10/21 at 6:34 pm
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 1:02 pm to ninthward
(no message)
This post was edited on 1/10/21 at 6:34 pm
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 9/4/17 at 1:17 pm to BamaChemE
(no message)
This post was edited on 1/10/21 at 6:34 pm
Posted on 9/4/17 at 1:22 pm to The Baker
quote:
How do you destroy crypto beyond disincentivizing the use of it? Or is that all it takes?
Or making it illegal, or inflating it to such a substantial amount that it is practically worthless... I can see governments doing both
Posted on 9/4/17 at 1:37 pm to TheArrogantCorndog
(no message)
This post was edited on 1/10/21 at 6:34 pm
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 7:19 pm to BamaChemE
Block chain requiring spending on essentials addresses usa issue of welfare parent buying chips and dip instead of broccoli.
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 7:32 pm to Parmen
(no message)
This post was edited on 1/10/21 at 6:31 pm
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 7:54 pm to The Baker
quote:
You're against cryptocurrencies because you think people cry to the government for handouts?
I'm talking about when those cryptocurrencies get hacked, the value plummets, it goes kaput, etc.
Don't know why I needed to explain this...
Posted on 9/14/17 at 8:02 pm to Parmen
I'm against anything that fricks with the value and status of the USD.
The average american is in no way prepared for the USD to take a permanent dump and cryptos or some other currency to take off.
I was pissed at Polis for introducing that bill.
The average american is in no way prepared for the USD to take a permanent dump and cryptos or some other currency to take off.
I was pissed at Polis for introducing that bill.
Posted on 9/14/17 at 8:08 pm to Parmen
(no message)
This post was edited on 1/10/21 at 6:31 pm
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