Stop blindly supporting crypto currency

16  2017-11-30 by vwrage

Digital money will not be the savior you are claiming it to be, governments are not 'afraid' in any form, they are quiet and excited for this system.

57 comments

Stop telling me what to do with my money.

It's credits, not money.

Stop telling me what to call my money. Like go get a hobby dude.

Stay mad, stay poor.

There is no argument you can make against crypto currency you can't make against fiat.

Crypto and Fiat are two heads of the same beast. It's not going to be controlled by us, the Fed, the Banks and the BIS will never allow that.

This is the emergent 'credits' fiduciary system, numbers on a screen, gone in a case of power loss, solar or emp. Not tangible.

Paper wallets...

So are dollars

Yes, run back to the safety of the dollar /s

I do agree though that they're not scared of it...and most likely created it.

Who created crypto currency? Who supports it globally?

(((Satoshi Nakamoto)))

Jokes on you, I already invested all my money in Beanie Babies and POGs!

At least it's a diverse portfolio haha

I will continue to blindly invest in crypto currencies. Thank you for the motivation.

Go ahead but keep your investments broad, place some funds into gold and silver. It's just amusing watching people fall for this game. It's almost similar to them of taking video game moneys and transfering it as tangible currency to be used outside the game.

Nothing wrong with that either. I've sold MMO accounts/items for USD before as well.

Selling online gaming profiles that were created from the users time do have value. It's aside from the point i was trying to make to currency of itself.

I feel you, I'm just conversing. My point is value is value. The only thing that can stop crypto IMO is if the entire grid goes down. I personally believe if shit hit the fan like that we would be trading stuff like sugar and other essentials to live. Not gold and silver so much. BUT again that's my opinion.

Your 3rd sentence is revelation that is soon coming.

Considering most people keep their money in the bank...if the whole grid goes down...that money is going to most likely be lost too. Not just cryptocurrency.

Exactly.

That's like saying stop blindly supporting gold. Gold will not be the savior you are claiming it to be, governments are not 'afraid' in any form, they are quiet and excited for this system.

That's a ridiculous statement, of course i support gold. It's real and tangible.

so is bitcoin. just because you don't understand it doesn't mean it's not real.

I believe you are missing the point

Maybe but at least I'm gaining on bitcoin :)

How would you feel if a flood wiped out the server that holds your crypto? Or a solar storm? What happens to crypro if a major disaster happens? You aren't going to be grabbing your drives when running out the door.

There is nothing you can invent now that will stop me from investing in crypto, but feel free to try.

Seems to be the common response today "stop telling me what to do" - amusing really as I'm not holding amyones hand in the fire.

All I'm saying is invest broadly, it's basic investments 101 but children respond with vitrol without understanding the implications of a global digital currency.

All I'm saying is invest broadly

Actually you said "Stop blindly supporting crypto currency". Looks like you're trying to change the subject.

An addition to my original statement, nothing more.

Riiiiight.

That's not how crypto currencies work, though. It seems you aren't aware yet of the concept of decentralization. There is not one server where the ledger is stored on; it's on all computers participating in the network, world wide. You'll have a hard time wiping all computers that hold a copy of the ledger. That's what gives it its robustness and why some people put their trust in the system.

There may be arguments against crypto, but that one is simply null and void.

Stop telling people what to do with their own money. You are worse than the government.

Hahaha

Keep telling yourself that.

Bitcoin is not comparable to gold. Gold has real value, it is required in manufacturing processes, it is desired for jewellery, I can hold it in my hand and just about everyone on earth will accept it as payment.

But governments are afraid of gold, why do you think they keep manipulating the price down?

Although it probably won't make you filthy rich like if you invested in the early 2000's, there's still good probability of making a good short term profit from btc. Look at statistics from the past few years. Might as well keep making real money off it while you still can.

Agreed, if you have the capability to invest and profit short term from crypto, great but do not assume that it's a savior in any form. Make a buck or two and pull out, invest in tangible assets.

I would argue not to blindly invest in anything.

You're right.

If it can't buy anything it isn't a currency.

Also if it cannot be bartered

It definetely can buy stuff

Like a house?

I mean I guess you could cash it out and buy a house but that's not the same I suppose. I'm saying you can purchase things with it. It's obviously limited to certain things though.

It can buy things, but only some things... Definitely not a currency. More of an investment.

Ok making some ground. So you admit you were wrong then? You can convert it out and buy whatever you want with whatever currency you need. How is it not a currency?

It might possibly be the one world currency one day..

=]

Well, it's without a doubt that everything is going to be digital. We're moving into the smart grid right now, with the Internet of Things, 5G, etc. They WANT a digital currency to take over. They want us all locked into the smart grid. I could never understand why people put so much faith into cryptocurrency.

Exactly. Isn't it exactly what they want? One world currency they can control and manipulate?

Removed. Rule 10

Lmao. "Depending on context."

First of all, I didn't call him one...I asked him if he was one.

Second of all, by context you mean, if it's true, and he's a paid shill sponsored by the sub mods who are obviously also paid shills (to think the powers at be would let this sub exist otherwise is hilarious, and also explains why this sub mostly consists of nonsense misinformation).

Thanks for making that so painfully obvious you evil piece of shit.

Removed. Rule 10

You can't print cryprocurrencies with debt

Mods will delete your comment if you point out how many people are trying to get people disinterested in bitcoin.

Obviously bitcoin is the real deal...and it truly does scare the shit out of the bankers

Buy, buy, buy people. Don't let anyone try to trick you into being scared away.

The real deal? If a disaster happens, is your digital currency going to buy you food, shelter or necessitates? Will you be able to barter for goods and or services? Will it buy you gas, clothes or water?

No you fucking sheep, you'll starve and die because you're delusional in assuming this has any real tangible value. Instead of fighting for a currency that brings back non-fiat, you proudly promote invisible credits.

God help you and the rest of these morons if shit hits the fan.

Selling online gaming profiles that were created from the users time do have value. It's aside from the point i was trying to make to currency of itself.

I mean I guess you could cash it out and buy a house but that's not the same I suppose. I'm saying you can purchase things with it. It's obviously limited to certain things though.