How will cryptocurrency change the world?

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reason.com/archives/2016/11/28/the-secret-dangerous-world-of
twitter.com/AnonBabble

It won't. Government will increase technological surveillance and people will be detained indefinitely if found to be in the possession of any unauthorized cryptocurrency. A small group will continue to use it to buy drugs or child pornography, but ultimately it won't change anything. Sell your bitcoins now, they're going to be useless after two years of solid-Republican "Stop the turrrurrrrists" Patriot Act Redux.

its just a meme bro.

You're on the wrong board. Sup Forums is too retarded for crypto. Back in the day they used to shill for all the wrong shitcoins and eventually had to quit.

You can set up as many CCs as you want, there is no limit to them. A dollar is backed by the US military to make sure Americans pay their taxes and thus allowing the state to pay the bills.

I am literally Satoshi Nakamoto.

>implying that the big banks are not in on it.

post dick

this. Sup Forums got me into crypto, /biz/ helped alot of anons made a shitload of money, while Sup Forums was too busy loving the smell of their own farts.

crypto was amazing in 2016. it was all wins. never working a day in my life again

Move some of the old coins then.

And you weren't working a day in your life before crypto currencies thanks to Autismbux.

Now go pee in a bottle you fat loser.

The Rothchilds already own a grip of bitcoin so they can drop a bunch and tank the currency just like they play with the Fed Reserve and tank the stock markets.

but they have to be able to sell them to someone.
every major selloff for the last 18 months have recovered VERY quickly.

Even IF (((they))) sold off millions of bitcoin and the price did somehow fall to $100 or something, there would be MILLIONS of people ready to buy it all back up again and drive price higher.

(((They))) own the vast majority of fiat and gold backed currencies, if they wanted to, they could tank US Dollar just as easily.

its already changing. pic and link related.
reason.com/archives/2016/11/28/the-secret-dangerous-world-of

if the people are mining bitcoin to buy medicine in a gommie state, its already doing good.

samefag, bitcoins are very good on places were the inflation is rampant. It helped argentina once when the inflation was huge, people used to buy and sell cars with cryptos and the help of a lawyer obviously.

that transaction volume flatline sure is exciting

by bitcoin collapsing to under $100 again and all those nubs on the bitcoin hype train giving away their life savings they invested in something with no tangibility to the smart money

>Government will increase technological surveillance
Pushing crypto into the black market will only increase its price.

>if found to be in the possession of any unauthorized cryptocurrency
That's the beauty of crypto, it's nearly impossible to seize.
It's one of the major reasons bitcoin is replacing gold as the default store of value for rough times.

You need to educate yourself on this topic bru.

Crypto has more tangibility than fiat money, which loses value by design.
In a way it has more 'tangibility' than gold, which people can simply keep digging up.

you make no sense whatsoever

Crypto is natural innovation for the finance industry but leaked to the public first. The finance industry was too distracted and busy to take notice of it and Nakamoto being a libertarian and an innovator made what we call BTC today. Nearly every bank now has a crypto department working either towards incorporating blockchain tech (the major innovation of BTC) or looking for ways to use crypto. My brother actually worked with a firm who were working on basically performing the job of a clearing house but using a blockchain all in house saving the bank millions in commission fees, he said its just one of a few projects they are looking at that utilizes crypto in some way. As for me personally I actually bought 12 or so BTC at the meager price of $243 out of a larger tax rebate I got, prior to that I had around 3 BTC I had bought from the 2013 bubble up to that point - the timing was perfect and completely by chance, it has hands down completely outperformed any investment I've ever had in my life. I've recently began cashing out my initial investment plus 20% profit as I want to invest that capital into something else. I've been getting into trading BTC derivative contracts on leverage, a portion of my profits is funding viability tests right now and it looks very possible using a lower amount of leverage. It would make money no matter the direction of the market and I believe a weekly yield of 3% is perfectly possible which would be incredible. It is certainly worth at least having a few BTC as an individual but I don't think bitcoin itself will last forever, the threat of over burdensome regulation is a real one and I think a government-backed cryptocurrency would be formed if the tech was properly adopted as a way to exchange goods and services as a legit currency. With that said the idea of the blockchain will always remain no matter what and that is the true innovation at the heart of cryptocurrencies.

Buy bitcoin now Y or N?

There's a very good chance it's going to 2-3000 in 2017, so Y.