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re: The demonization of crypto has stepped up
Posted on 4/19/21 at 2:58 pm to LordSaintly
Posted on 4/19/21 at 2:58 pm to LordSaintly
quote:
They won't ban its existence, but they could make it hard to spend anywhere.
I'd bet they're trying to figure this out now.
no they are not. they already have said its a store of wealth.
do yall understand how many institutions are invested in crypto and that there are mutiple bitcoin trust on the market like greyscale and that there will be ETFs soon?
please explain why every wall street firm is betting on BTC but the fricking poli board knows the government is on the verge of figuring out how to ban it?
yal sound like fricking idiot Q-tards.
2
Posted on 4/19/21 at 2:59 pm to DesScorp
quote:
throw your arse in the hole
based on?
jesus christ
Posted on 4/19/21 at 2:59 pm to LordSaintly
quote:
They won't ban its existence, but they could make it hard to spend anywhere.
It's a simple matter to make crypto illegal. Congress could do it right now. Hell, maybe even POTUS could do it with an executive order. They put you in jail for lots of things. Crypto would simply be one more thing.
Posted on 4/19/21 at 3:00 pm to lsu777
Look, I sincerely hope I'm wrong. I own some crypto myself.
The Kraken CEO is worried so that makes me worried too. That's all.
The Kraken CEO is worried so that makes me worried too. That's all.
Posted on 4/19/21 at 3:01 pm to wutangfinancial
quote:
I am not ignorant. You throwing that around is hysterical. I'm probably 25% allocated to bitcoin so freaking chill that somebody questions it's risks.
yall are the same type of pepople in 2012-2014 that would tell wiki and myself things like "why dont you invest in baseball cards, atleast its real" or "just invest in beanie babys" every damn time bitcoin was brought up.
crypto is the future and the US governement knows this and is not planning on banning and instead is not resisting and will eventually be leading the pack.
dont let dinosaurs like Yellon confuse you of that fact.
been hearing the same shite for a decade now, guess what still make bank on crypto.
Posted on 4/19/21 at 3:02 pm to DesScorp
quote:
It's a simple matter to make crypto illegal. Congress could do it right now. Hell, maybe even POTUS could do it with an executive order. They put you in jail for lots of things. Crypto would simply be one more thing.
ok and i simply use tails and transfer the money to an exchange that is in a country thats its legal.
boom
Posted on 4/19/21 at 3:03 pm to notsince98
quote:
Crypto makes you completely dependent on both power and internet. It mostly demonizes itself w/ no outside help.
I find it odd that product designed to "free" folks makes them more dependent on others than ever.
Cash works just as well to circumvent taxes and big brother in my experience. It even works in emergencies when there is no power or internet.
Now I don't think you are wrong but there are some inaccuracies.
1 we can get power, all you need is a solar panel.
2 we don't need internet if you have a cold storage wallet
3 cash worked out really well during The Great Depression, what you meant to say was gold.
Posted on 4/19/21 at 3:06 pm to LordSaintly
quote:
Look, I sincerely hope I'm wrong. I own some crypto myself.
The Kraken CEO is worried so that makes me worried too. That's all.
thats because Yellon is a dinosaur. but there is absolutely no mechanism to stop the trading of crytpo.
lets say they say tis illegal tomorrow. well my exchange i liek to use is already not in this country. well i log on, using tails if i feel neccessary, and then send mutiple times to wallets that are not connected to a name. I then tumble and send to a cold wallet for storage.
then i can open a new account on an exchange that is not tied to me and can fund through the cold untraceable wallet using manual transaction if i wanted.
people that say it will be banned are the same kind of people that use robinhood to trade crypto.
Posted on 4/19/21 at 3:15 pm to HailHailtoMichigan!
quote:
It's not a good sign for your cryptocurrency when the price drops 20% on news that Treasury may crack down on its uses as a tool for money laundering ...
That isn't why it dropped. People were playing around with 5x-100x leverage on longs and some big players sold off and liquidated everyone buying on margin. Perhaps the initial selloff was in response to the hash rate going down in the midst of a huge Chinese power outage, or perhaps some whales made some money on some leveraged shorts, nobody really can know.
This board has a lot of opinions on cryptocurrency without a lot of actual education on the subject, in my opinion. It in one of the best tools we have to escape the serfdom that comes with government manipulated fiat. It is incredibly secure with a global network of miners using an encryption algorithm that is used by most of the internet, including your online interactions with your bank account, to secure and verify your transactions without the need of a centralized authority.
It is also a technological feat and will introduce a decentralization movement in many aspects of modern day life, which is a very welcome change in my book.
Posted on 4/19/21 at 3:24 pm to Ross
^^^^100% correct
Posted on 4/19/21 at 3:27 pm to how333
quote:
deep state doesn't want to lose any control.
This is exactly why I haven't invested in crypto. At some point the central bank will crush competing currencies.
Posted on 4/19/21 at 3:28 pm to Aubie Spr96
quote:How do you do that to an open-source blockchain?
At some point the central bank will crush competing currencies.
Posted on 4/19/21 at 3:37 pm to lsu777
quote:
yall are the same type of pepople in 2012-2014 that would tell wiki and myself things like "why dont you invest in baseball cards, atleast its real" or "just invest in beanie babys" every damn time bitcoin was brought up.
I'm invested you freaking lunatic
Posted on 4/19/21 at 4:14 pm to LordSaintly
quote:
They won't ban its existence, but they could make it hard to spend anywhere.
I'd bet they're trying to figure this out now.
Just like with a *Government* 'vaccine passport'...you'll have to have a valid 'purchase passport' showing how you paid for a particular good or service. They'll go to the Seller, and nail them down. Tracking sales on the Inet is cake; tracking private sales on most purchases would be as well. IF they want to demand a 'purchase passport'. They will, if one is not a 'team player'.
"lest ye take the number, neither will ye be able to buy or sell". Give me enough power, and I damn sure guarantee you nobody would be using Bitcoin minus paying their due to the 'House'. If they did, they'd regret it sorely; "sorely", not a pun.
It's going to be THE Government (Transnational Progressive version) against anybody that rejects said authority. Authority including the 'team' mindset, when it comes to Ideology and/or Religion. The only place that could withstand such a National sovereignty assault would be somewhere like Putin's Russia; being independent re critical resources, and armed to the teeth with nukes everybody knows that they are crazy enough to employ.
Rough water any way we cut it.
Posted on 4/19/21 at 4:26 pm to Padme
Currently the best thing to purchase (and it is expensive) is lead.
Buying all I can afford. Budgeting like my life might depend on it.
Buying all I can afford. Budgeting like my life might depend on it.
Posted on 4/19/21 at 5:14 pm to alphaandomega
Hypothetically if BTC and defi really do take over the global monetary system, lead is the only asset worth owning. Only a world war will create an environment like that. You think BTC would still outperform in that scenario?
Posted on 4/19/21 at 5:45 pm to lsu777
"Goes and checks trust wallet"
Posted on 4/19/21 at 6:04 pm to QboveTopSecret
Many of you in this thread are speaking from a very American centric view. Crypto is global and extremely popular in Asia and countries with currency issues. The US government is a collapsing entity and is not going to have the power or will to eliminate crypto from the entire planet
Posted on 4/19/21 at 7:58 pm to bbvdd
quote:
Cryptos are 100% speculation and it's going to burn some people really badly at some point.
False. Many Cryptos have real world utility. Additionally, entire networks are being built through mining. There really is a lot more to Crypto and blockchain than money.
Posted on 4/19/21 at 8:02 pm to Padme
If the Tribe can't control it, they'll try to outlaw it.
It's a tale as old as time.
It's a tale as old as time.
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