What does Sup Forums think of Bitcoin. Can it BTFO the Bank Jew?

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i own 2 of them AMA

No one wants any of that crypto shekel bullshit.

Thank God for Bitcoin. Otherwise, getting gear to be big and ripped would be impossible. Also, Thai pharmacies.

Literally the opposite.

It's a way of escaping the bank system and taxations

Something that "nobody" (((controls))) is gonna tear down the jew bank?

How is it that bitcoin which supposedly has no creator is recognised by many? At least today we know we have to burn down the central banks. What happens if samething happens with bitcoin? Who are you going to burn?

It won't out Jew the Jew. The Jew will buy all the bitcoins and play politics with the BTC community until BTC is theirs.

I lost $40 when alphabay went down :(

elaborate

>the bank jew

you mean *THE* jew.

I'm all for it, but it will be regulated. You live in the real world, not cyberspace. You can't eat bitcoins. The gov will simple put themselves between the two.

Maybe, but let's focus on stopping the Jews first:

It's valuable as fuck desu

Anyone that isn't buying crypto is a cucked faggot with an IQ less than 80.

It will change the world and is changing the world already. Crypto will be what divides the broke weak faggot males from the rich alphas that will reproduce with women all over the world. The dumb fuck socialist faggots will finally not be able to take hard earned money from people.

Bitcoin isn't as important as this

>What does Sup Forums think of Bitcoin.
Good concept, but has problems that will need to be resolved if it will ever have widespread acceptance. Ultimately, it's currently structured as more of a (((Ponzi scheme))) than a currency.

>Can it BTFO the Bank Jew?
Not until it's not as easy to hack and steal (delegitimizes it as an investment).

Not true, it's p2p. It would be as draconian as the government trying to put themselves between a barter trade that you make with a friend. It would need to be extremely draconian, in that case it would be time to move to a different country that isn't a faggot.

My red flags went up after realizing one of the main proponents behind it is a massive child pedo grooming gang member

en.wikipedia.org/wiki/Brock_Pierce

Bitcoin is not a central bank.
What the fuck

Bitcoin is a coin. You just do trades with it.
Bitcoin will be relevant when it stops being a speculative thing to be bought and sold to gain more (((money))) and starts being what it was meant, to be used to buy and sell STUFF.

>IQ less than 80.
>Not buying into something that's currently structured as a Ponzi scheme

Pick one

>p-please buy my premined meme coins, tendies are expensive

>Can it BTFO the Bank Jew?
no

Lol no.

As long as there are nation states there will be fiat currency, and crypto currencies will mever surpass fiat in usage.

The conditions in which crypto currencies actually become useful satisfy either post-scarcity or post-apocaylptic, in both cases currency is useless anyway.

Bitcoin is already extremely useful, 100% not a ponzi scheme.

It's not easy to hack and steal it at all. If you keep your own private keys and not on an exchange, someone would literally need to torture the money out of your head.

Please explain how it's a ponzi scheme when I know companies all around the world building on top of it as a protocol. There are applications using the network and the users don't even know they are using the bitcoin network. You can literally email money. When segwit+lightning is developed it will connect literally every resource in the world that can be fingerprinted with a hash.

Yes. Government fiat currency is inherently inflationary and depreciates because central banks use QE to finance projects at non-market interest fees. This leads to bubbles because the market is being fed wrong signals (bad investments are being made in projects that shouldn't exist and money if being given out to incompetent people who'll go bankrupt later) so we are led to believe wealth is being created. Then after some time the bubble bursts and we enter depressions.

Cryptocurrencies like bitcoin are deflationary because the code already has a built in mechanism that ensures no more than X number of coins will ever be in existence. And governments can't control it because it is decentralized and peer to peer.

Bitcoin and crypto is literally the second coming of capitalist Jesus Christ, that is the GOLD STANDARD. That's why (((central banks))) are freaking out, the goyim now have access to a money that cannot be controlled by them and doesn't rob people of their savings over time.

Bitcoin is the biggest fuck you to the kikes since the days of God knows what.

We're reaching the point where technology and P2P saves us from government control. When Bitcoin and the likes start gaining widespread influence after the state's (((fiat currency))) starts bursting it will be rendered defenseless. Unless they literally try to shut down the Internet, cryptocurrencies will be impossible to regulate or centralize. The states are pushing for eliminating physical cash, so we are enslaved to inflationary imaginary money. But now we have bitcoin to make digital scarcity a thing and prevent this from happening. Bitcoin will be the new gold.

>bitcoin
>having a central bank
Literally the dumbest post have seen on Sup Forums for the 8 years being here.

Take two seconds to look up what bitcoin is before posting again.

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People are using it more and more every day, wtf are you talking about. It's quite literally the most efficient way to send funds on the planet at the moment. Copy/paste address, send, done, converted and deposited into receivers bank account within 20 minutes. In 6 months it will be instant, like sending a text message.

I'm not saying it takes over in 1 night. There will be a transition and crypto will most definitely replace fiat in the next 100 years or so.

>hodl
>please won't everyone just hodl
Nice try /biz/fag.

>Bitcoin will be relevant when it stops being a speculative thing to be bought and sold to gain more (((money))) and starts being what it was meant, to be used to buy and sell STUFF.

Value of BTC would have to hold more stable to gain widespread acceptance-- merchants of legal goods are less willing to accept BTC because of volatility. Security of funds within their own networks and in exchanges is also an issue that needs to be addressed.

Running a business is already full of enough risks as is. Most business owners simply don't want the security or valuation of their incoming cash flow to be another couple of risks right now. Maybe that will change in the future; who knows? Like you said, it's all speculation at this point.

IQ

I work in the industry and I'm already loaded. Sup Forums is where i first got into crypto back in 2012 so I sometimes feel I owe it to you "guys" to spread the message so that there are more of you that are loaded with me and not a bunch of hipster faggots. I hodl a bunch of cryptos at the moment but im 70% btc which is about standard for anyone that has a bunch.

Bitcoin has become a goldman sachs pump and dump scheme.

It's value is that it's useful dipshit. Everything has value, even dirt if it is in large enough quantity+marketing+delivery.

This. Unregulated exchanges lead to people with the most money manipulating the market. Look at the Ethereum flash crash when an investment firm sold 6M.

>bitcoin has no value
>uses fiat dollars the FED can duplicate infinitely

whoa!

You are missing the main point which is that crypto will eat away at the shit tier countries first and then move up the ranks from there. I'd be happy to explain what's going on if you are actually interested.

if bitcoin ever comes anywhere close to destroying the Bank Jew, it will become outlawed.

money without a banking system is worthless and "escaping" taxation just makes you a criminal.

Its only good if you live in the 3rd world. Modern countries will fuck you up if you ever try to cash out or use it to buy something useful.

Buyer beware and don't keep your funds on an exchange like a moron, it's not that hard.

>Can it BTFO the Bank Jew?
??????????????????????

are you people here completely hopeless?

IMB & WB already working with IMB & Linux Foundation to create their own blockchain coin for their own use

If a country becomes draconian against crypto I will just take as much of my family+as many friends that I can and leave.

The point is once hedge funds decide to exit the crypto market bitcoin will go back to $10/btc or less because it is useless as a currency other than for money laundering.

The "money" with the volatility of rouble circa 1998 can't GTFO the jew. If anything, it actually profits the jews at the video card industry,

I finished touring 10 different countries and there are literally 1000's of startups building market disrupting business models on top of the bitcoin/crypto networks. You are too stuck in your ways, you are doomed to be poor and possibly not reproduce. Remember this conversation when you want to kill yourself in 20 years.

Can I buy a halal snack pack with it?

You implied that it is centralized, something that can be burned down or controlled. It can't be, because everyone who uses it has equal say in the legitimacy of transactions. That's the entire point of a block chain.

>Bitcoin does not have any intrinsic value.
Nothing has intrinsic value. Gold and silver doesn't have intrinsic value, and fiat certainly doesn't have any. We think that precious metals have value because they are rare and it takes labor to acquire it. Bitcoin takes "labor" to mine, not by humans but by computational power. Bitcoin is better than fiat for the same reason the gold standard is; it can't be fucking copy and pasted at the whim of some jew.

Again, take two seconds to look up the information before you make a fool of yourself once more.

That's all well and good, but you're letting the technology blind you to the fact that one person (or group of people) owns 980,000 BTC and created it to begin with.

The definition of a Ponzi scheme is "a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors". The way the currency supply was structured in the first place was to increase value for early investors (and the creator[s], who have 980,000 BTC). The block reward halving ensured that as long as BTC stayed relevant, its value would inherently increase. The creator(s) and early investors benefit the most from this-- exactly what happens in Ponzi schemes.

Despite the fact that Bitcoin is and continues to be a big technological advancement, it's still a Ponzi scheme. That's not to say that people haven't get rich off of Ponzi schemes, but people are eventually going to be fucked and I don't plan on being one of them, so I never hold any BTC long term.

Also,

>tfw, as a kid, we used leaves and fancy stones as money when played mercs.

>tfw now 20-somethings unironically use the same shit as actual money.

I own a bit but not a ton. Diversity yo bonds nigger.

Also anyone who has some or is thinking about investing, get your shit in a private wallet before august 1st, some of you guys are ok.

what do anons think about investing in bitcoin right now or in the near future?

>Gold and silver doesn't have intrinsic value
nigga wat

Bitcoin and virtual currencies are pushed by the jews.
Gold + Jewels = Only real currency.

You people cannot be saved. I'm literally here spreading information that might as well be from the future so that you can have insane amounts of money and do whatever floats your boat in life but instead you just assume shit you don't know. I'm close to giving up.

>money without a banking system is worthless
good goy !
>"escaping" taxation just makes you a criminal.
no it makes you a smart investor, also this can be true in canada, but not in brazil we pay the highest taxes in the world still our healthcare is shit, there is no security in the streets and the streets are full of holes. so, taxation is theft (with the ammount of money stolen from government every year we could double the ammount the government spend with healthcare here its literally 80 billion reais(close to 30 billions USD) ).

I'm all ears

Bitcoin is favourite amongst heroin dealers and child porn dealers.

It is the currency of low lifes

No, I completely understand that would be the macro effect if it ever became widespread-- that's also why the Chinese are pushing ANS.

What the fuck are you talking about. Show me a ponzi scheme that does something no other business can do and I'll show you that it's actually a legit business!

Please tell me another way that I can email money to someone in almost any country in the world for 50cents.

If you show me that business or network I will invest in them immediately.

It's the state of the mind of bitcoinfags. Look at their rhetorics, it's literally similar to the one MMM-fags used to gather the cattle.

"Hurr durr, currency of future" "hurr durr we all get rich/free from the banking jew".

You can't spend gold and jewels in hell.

you dont have that data. also : thats not true, they obviously prefer USD, who wouldnt ?

It will be Co-opted by the jew and used against us!

gommies will be butthurt because the bitcoin is descentralized and smart contracts will make most of the state useless. so fuck off gommie you are done.

>Please tell me another way that I can email money to someone in almost any country in the world for 50cents.
>If you show me that business or network I will invest in them immediately.

You should look to invest in Venmo, then, I guess. As of now, they make their only revenue on the 3% charge for using a credit card. They may have some sort of endgame, but, as of now, they're a pretty good service for their customers.

It's going to eat from the bottom up. For example:

Let's say that bitcoin is hypothetically in nearly dead last out of all world currencies with regards to "volatility". Well that means that it's still a better currency than say the currency in Venezula (which it is). As it starts to gain marketcap in these shit countries it's volatility naturally decreases (this is a basic economic rule). As it gains cap and volatility decreases it is ready to take on the next "country".

It will continue to climb this ladder until it's ready to take on the first world countries in europe and north america etc etc.

Get Ready.

>Antshares, Ardor, Augur, Bytecoin, Civic,
>Cloak, Dash, Digibyte, Dogecoin,

>EtherumClassic, Factom, FUN, Golem,
>humaniq, lisk, Litecoin, Monero, NEM, Nxt,

>Maidsafecoin, Peercoin, Populous, Ripple,
>Skincoin , Siacoin, Steem, Stellar, Stratis,

>Tezos, Waves, Zcash

What do you notice about all these names? That they're fucking stupid and imbecilic? Actually, these are all names of internet number-generating programs purporting to be """""money""""". How the fuck can it be money? Intangibles always need to be backed by reserves of some sort, whether it is cash in the bank or shiny gold bars. I understand that bitcoin has a finite amount of possible bitcoins that can be generated, but Bitcoin has no actual benefit in terms of functionality over any of the other cunting coins. Bitcoin is THEREFORE another fiat currency, bitcoin is a FUNGIBLE commodity with other coins. With the press of a couple keys, you create a new coin with the exact same blockchain backing it as a bitcoin. What makes a Bitcoin more valuable than a Litecoin or a doge coin? Well it was here before litecoin, and dogecoin has a ridiculous name! That brings to me back to an age-old question, would a Bitcoin by any other name have been adopted so readily? If bitcoin was douchecoin it never would have been viable, even if it was the same blockchain code. Bitcoin sounds cool, it sounds like something you could imagine Neo from the Matrix saying. Fuck

tl;dr, too many nerds are rich now because of a fucking name and the fact it was here first.

It doesn't. Water and food has more "intrinsic" value than gold and silver because you actually need it. Precious metals are only valuable because they are rare; if it is no longer rare it is no longer valuable. Same applies to everything. Textiles and salt used to be for the rich only, now the average person has 30 shirts and salt on their tables. Of course a leaf and a socialist wouldn't know shit about the economy.

Buy ANS and ETH if you get into crypto. BTC's potential returns have diminished over the past couple years and you may as well get a bigger reward if you're willing to take the risk.

Actually you can. As long as those material objects are tied to the ego and have 'worth" they still carry it over into hell. Now, the problem is transporting them over there safely and proving they're "yours" so you can legally trade them for services is kinda hard especially for newfags.

Also for (You)

World government (multipolar or unipolar) + World currency (crypto currencies) +
World religion (New age) + Subcutaneous chip =
NWO = economic, religious, and social slavery.
Bitcoin was part of the plan from the beginning goy.
Everything is going according to plan although they do not believe it.

>you actually need it
Try making any of our current electronics & computer circuits without silver & gold....

Never go full retard, lad

there where people mining bitcoin in venezuela, since energy there is cheap as fuck. the police started closing the mining farms, but the ammount of bitocoin produced there didnt stop growing, so everyone now believes the government might be mining bitcoins so my suspicion is this :
Gommies are capitalists in their harts.

coinmarketcap.com/all/views/all/

Look at all these fucking things. You guys are all investing in neopets or Habbo Hotel money.

>daily reminder that bitcoin's creator called litecoin a ponzi scheme

LMAOOOOO 3%!!!!

Also there are 3 billion unbanked people in the world that this is not possible for. In addtion to the fact that Venmo is convenient when doing transfers inside countries moron, not for sending 50k to Japan. Sure you are going to say "who sends 50k to Japan?" It's called business, something you know very little about and something you obviously don't engage in. Also, I know the Andrew from Venmo and he loves bitcoin/crypto as well.

It doesn't matter where you keep it, they're manipulating its VALUE.

Exactly. The idea is to microchip the weak so they work for free while thinking they're rich or becoming so by working while all they get is numbers which is even more demeaning than those bank notes people use these days. I wonder what happened to the good old days when people used to pay for stuff with gold,silver and copper coins?

Supply and demand governs all things, what's your point?

Bitcoin has no intrinsic value, it's merely a unit of exchange that heroin cartels and arms dealers agree has value in getting NEET lolbertarians to wash their money.

Yes, that's what it was designed for and why bank jews hate it.

dfs.ny.gov/legal/regulations/adoptions/dfsp200t.pdf

I don't care. There is increasing demand which outpaces the supply. This isn't rocket science.

It's literally so easy to short that drop out retards can do it. Become the jews yourself.

Long term? Nah.

Nice try jew

>Kekistani
We know it's you reddit.

It's very unlikely that they'll trade one volatile currency for another volatile currency; they can just buy USD

>Diversity yo bonds nigger.
Don't buy bonds right now. The bond market is absolutely fucked for a number of reasons.

Options and crypto are the play for a short timeframe; stocks and the VIX are the plays for intermediate timeframe; untaxable retirement accounts (Roth IRA, etc.) are the play for the long time frame.

> I wonder what happened to the good old days when people used to pay for stuff with gold,silver and copper coins?
>checks flag
Well I guess this confusion makes sense, given that your people missed a half century of economic history.

I can have some friends at openzepplin draw up a smart contract for you to short againt my btc/ether, let's do it.

>I'll call them a jew that should hide my own jewishness
It's not working Schlomo

Wrong, they are using bitcoin more and more as we speak/type.

ETH is even easier, LOL

Again, if it is no longer rare, it is no longer valuable. People need clothes, but the material itself isn't necessarily "valuable". Lets say in the next 20 years we start mining asteroids to get platinum. The average asteroid has quintillion dollars of platinum. Platinum wouldn't be rare, therefore it wouldn't be valuable. Note that platinum is required in electronics as well.

Leafs are too retarded to understand.

Read

Buttcoin is a Jewish trick. The plan is to get the whole world using it, and then it's game over. The Jews own everything. A lone Japanese cryptographer putting out one of the strongest and most resilient crypto-currencies doesn't look right at all, and nobody knows anything about the guy. He probably doesn't exist. Do not use Bitcoin. Any short term gains will be overshadowed by what will come in the future. Don't be a fool.

Invest in silver. Pay no more than $20 an ounce for it. Gold is too expensive right now.

It's a trick. I'm telling you guys and you won't fucking listen to me.

*No (((one))) wants any of that crypto shekel bullshit.

How sure are you it's going to go down, what percentage is your certainty?

OK you kike

>Risking an uninsured overseas transfer of 50k
>Smart business

Pick one