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| 07:47 AM | ||
| Users Online Now: 1,856 (Who's On?) | Visitors Today: 385,344 | |
| Pageviews Today: 659,295 | Threads Today: 318 | Posts Today: 4,482 |
| 07:47 AM | ||
Heads Up? DUMP BITCOIN | |
fin125
 User ID: 77320034  Finland01/19/2021 03:49 PM Report Abusive Post Report Copyright Violation | Bitcoin is unstoppable. It is decentralized and control-less. Quoting: REaliZe That’s why they all talk about how angry it makes them, yet realize they can do nothing to stop it. Banning and blocking an exchange or two will just make direct, on-chain transactions more viable. The system is untouchable. It truely is. Even if all banks in the world would block it. Too many people have invested in it already for it to fall. It just means that people will use other means to convert it into money, by first turning it into consumer goods then selling the consumer goods for fiat. Cocaine is illegal too, property is truly a democratic idea where it's value is decided by the amount of people believing it has a value. Location: Sweden |
| Sentient One
User ID: 79739354  United States01/19/2021 04:01 PM Report Abusive Post Report Copyright Violation | Potential scenario, government will just make it illegal to buy/sell Bitcoin, all the big crypto sites will pull Bitcoin and you won't be able to get it anywhere, it will be over. Price will plummet 80% overnight. People will still use it, but it will be worth much less than before. Is it even possible to buy BTC without a crypto exchange? Last Edited by Sentient One on 01/19/2021 04:02 PM |
| CUB4DK
User ID: 79555114  Canada01/19/2021 04:04 PM  Report Abusive Post Report Copyright Violation | |
| Trio
User ID: 79287659 United States01/19/2021 04:05 PM  Report Abusive Post Report Copyright Violation | The Quantum AI will break the blockchain in mere seconds. Quoting: Debug They will be able to rewrite it in whatever fashion they choose in a matter of mere seconds. Watch... * this * Also this is the new cold war arms race. So this tech is going to be unleashed in a BIG WAY. They will standardize and centralize a digital currency globally. They will decide what goods and services can be exchanged. And they will track every move you make. That has to be the plan. It's the only way to dominate the world. That and crack military communications. passwords will become a thing of the past Your perception of me is a reflection of you. I've got a front row seat to the end of the world. my pronouns are: told/you/so |
| Agent 99
User ID: 77082640 United States01/19/2021 04:22 PM  Report Abusive Post Report Copyright Violation | |
| OptimusPrimeX
User ID: 79905569 United States01/19/2021 04:24 PM Report Abusive Post Report Copyright Violation | . . . . . . Well now, isn't that the pot calling the kettle black Last Edited by OptimusPrimeX on 01/19/2021 04:25 PM |
| Anonymous Coward User ID: 75367216 United States01/19/2021 04:40 PM Report Abusive Post Report Copyright Violation | |
| Beyond
User ID: 78866614 United States01/19/2021 04:46 PM Report Abusive Post Report Copyright Violation | |
| ChefElvis
User ID: 13147426 United States01/19/2021 04:55 PM  Report Abusive Post Report Copyright Violation | |
| FuegoMagnifico
User ID: 77815459 United States01/19/2021 04:58 PM Report Abusive Post Report Copyright Violation | |
| Pookiegus
User ID: 78585945 United States01/19/2021 05:01 PM Report Abusive Post Report Copyright Violation | What Yellen said has been true since the invention of bitcoin and crypto currencies. However, what her comment really means for the crypto space is that all crypto exchanges like coinbase will have to know your identity by using (KYC) before they allow you to purchase, sell or transfer bitcoin and any other crypto coins. Quoting: Pookiegus It's slowly been happening the last few years. It's not bitcoin that's the problem. It's anonymous transfers that could allow all the bad stuff Yellen talks about to happen. The government knows it can't stop bitcoin unless they shut off the power grid world-wide. . . so instead they go after the places where bitcoin is bought and sold. First in this country and then overseas. Even exchanges overseas have started asking for proof of identity before they give your an account that lets you move large amounts of crypto. They have also been blocking American users from accessing their sites for the past few years. Once the exchange knows your identity the government,if it needs to, can easily find out your history and track all of your bitcoin because everything is public on the bitcoin blockchain. With untraceable crypto privacy coins like monero this KYC plan still works. Eventually the bad guys will need to cash them in or exchange them on an exchange for Fiat currency and that's where they know your identity. So that's how I think they will control things moving forward. The government just wants their cut of the action. For many years the crypto space has been like the wild west or like an off shore bank account. . . It has been slowly changing during Trump's presidency and I imagine it will continue with Biden's more rapidly. Just pay your taxes on crypto when you cash in and you will be fine! |
| Sentient One
User ID: 79739354 United States01/19/2021 05:20 PM Report Abusive Post Report Copyright Violation | How did people even buy Bitcoin before Coinbase existed? |
| Makingmatter
User ID: 79950826  Australia01/19/2021 05:24 PM Report Abusive Post Report Copyright Violation | |
| president-elect delcerro
User ID: 7769664 United States01/19/2021 05:53 PM Report Abusive Post Report Copyright Violation | Pretty sure its the dollar that she's talking about. "Not everyone who walks in the guise of a man is human.” — Aristotle “To educate a person in the mind but not in morals is to educate a menace to society.” Teddy Roosevelt "The only certain barrier to truth is the belief that you already have it" Voltaire |
| Fhirinne
User ID: 79463692  United Kingdom01/19/2021 05:55 PM Report Abusive Post Report Copyright Violation | |
| JGM
User ID: 42092552 United States01/19/2021 05:57 PM Report Abusive Post Report Copyright Violation | Potential scenario, government will just make it illegal to buy/sell Bitcoin, all the big crypto sites will pull Bitcoin and you won't be able to get it anywhere, it will be over. Price will plummet 80% overnight. People will still use it, but it will be worth much less than before. Quoting: Sentient One Is it even possible to buy BTC without a crypto exchange? If I have bitcoin on cold storage, I can just hand you the device and you can just, say, give me "your" land. But, we'll have other cryptocurrencies with smart contracts making land purchases easier to handle. Convert to BTC, etc etc. Price would increase if they tried to ban it. Like it has for everything. It's an inevitability for banking. |
| JGM
User ID: 42092552 United States01/19/2021 06:04 PM Report Abusive Post Report Copyright Violation | So the billionaires can buy up a greater share. Once they monopolize the currency the whole thing should collapse. I guess if you're that wealthy and you're gonna waste your money this would be a fun game. Quoting: Beyond In the very near future, it will be easy to earn cryptocurrency just by using certain electronics (aka producing electricity). It won't be about buying. It will be about earning (producing). |
| Pookiegus
User ID: 78585945 United States01/19/2021 06:04 PM Report Abusive Post Report Copyright Violation | The open source bitcoin client was released January 2009. The value of bitcoin was negotiated on bitcoin forums in the early days. Famously, someone bought two Poppa John's pizzas for 10,000 bitcoins back then. So, early on you traded them on forums or IRC but you had to trust that the other person would deliver on their side of the transaction. The exchanges came next. The first was bitcoinmarket.com that launched in March 2010. This is what helped establish a real time value of bitcoin in USD. Bitcoin value was initially priced at $0.003 – that’s 333 BTC to the dollar on the first exchange. Bitcoinmarket.com initially accepted paypal as a means of exchanging bitcoin for Fiat Currency. Then came the scammers and after a string of fraudulent trades paypal was removed from the site. In February 2011 the dark web market Silk Road launched which helped propel bitcoin's adoption. In July 2011 the infamous Mt. Gox exchange launched and by 2014 was handling 70% of all bitcoin transactions. Coinbase - the largest exchange in US was founded in June 2012. In June 2015 coinbase exchange was launched for professional crypto traders and was later rebranded as Global Digital Asset Exchange (GDAX) |
| The Rickest Rick Sanchez
User ID: 73168454 United States01/19/2021 06:13 PM Report Abusive Post Report Copyright Violation | All they have to do is declare it illegal. Quoting: dr0id "But that won't stop it!" Doesn't have to. As soon as there is a penalty attached to it, such as jail time, people will flee from it and its value will plummet. I'm not predicting this will happen, but it seems silly to believe the U.S. government is incapable of having a dramatic effect on bitcoin if they really pursued all options. Time will tell as to how far they are willing to go. Like Drugs? Like Embezzling taxpayer funds? Like stealing an election? pfft  The universe is basically an animal. It grazes on the ordinary. It creates infinite idiots just to eat them. The Rickest Rick Sanchez comments are meant for entertainment purposes only and should not be construed to reflect the feelings and opinions, implied or expressed, of the author. |
| The Gullible Skeptic
User ID: 78616961 United States01/19/2021 06:17 PM Report Abusive Post Report Copyright Violation | All they have to do is declare it illegal. Quoting: dr0id "But that won't stop it!" Doesn't have to. As soon as there is a penalty attached to it, such as jail time, people will flee from it and its value will plummet. I'm not predicting this will happen, but it seems silly to believe the U.S. government is incapable of having a dramatic effect on bitcoin if they really pursued all options. Time will tell as to how far they are willing to go. Just like when good ol FDR outlawed gold bullion. They are thieves. INTP/8w9 Ennegram "You can't teach anyone anything but they can choose to learn" -Me- "To exist is to destroy"-Me- "Specialization is for insects" -Robert Heinlein- Nine Noble Virtues: ODINISM: Truth,Courage,Honor,Fidelity,Discipline,Hospitality,Self Reliance, Industriousness, Perseverance |
| THOTHOTH
User ID: 77991996 United States01/19/2021 06:22 PM Report Abusive Post Report Copyright Violation | for control I would wager. theyll do anything to regulate the movement is defineitely AWAY from exchanges foresake the exchanges they are already talking about unhosted wallet regulations the exchanges were never meant to be part of this deal that wasnt our plan. the original exchanges showed that by goxing the shit out of everyone the first go round the new exchanges are goxed again, this time by the regulators fuck it. P2P only .....the way we imagined it. THOTHOTH |
| rustyclutch151
User ID: 66657024 United States01/19/2021 06:45 PM Report Abusive Post Report Copyright Violation | Honestly I think bitcoin is doomed. Not because I don't like the concept, but because of the sheer computing power needed to process transactions. I think they said the blockchain is up to like 250 gb right now. Blackouts in random countries are being blamed on it. Not sure how true it is or isn't but it does require a massive amount of power. The more people using it, the more power its going to consume. So if it's causing blackouts allegedly and it's not even being used as currency widely, I don't think it could ever be widely adopted for everyday use. Plus, all they have to do is make it illegal. They didn't even make XRP illegal, just alleged it was a security and the price tanked over 50%. If they made it illegal to own, all these institutions that have been driving up the price would bail because they wouldn't be able to offer it in portfolios legally. And most retail average joes would want no part of criminal penalties. Not saying it would go to zero but a loss of 75% of its value that would never return isn't out of the question. |
| ChefElvis
User ID: 13147426 United States01/19/2021 06:53 PM Report Abusive Post Report Copyright Violation | |
| FightForTrump!
User ID: 79684852 United States01/19/2021 07:38 PM Report Abusive Post Report Copyright Violation | My Ethereum has never been higher than today. Not selling. 1 Corinthians 6:9-10 ESV Or do you not know that the unrighteous will not inherit the kingdom of God? Do not be deceived: neither the sexually immoral, nor idolaters, nor adulterers, nor men who practice homosexuality, nor thieves, nor the greedy, nor drunkards, |
| haverstock
User ID: 79363282 Canada01/19/2021 07:48 PM Report Abusive Post Report Copyright Violation | Bitcoin is unstoppable. It is decentralized and control-less. Quoting: REaliZe That’s why they all talk about how angry it makes them, yet realize they can do nothing to stop it. Banning and blocking an exchange or two will just make direct, on-chain transactions more viable. The system is untouchable. DUUUUUUUDE. No. Bitcoin is a MLM scheme. Might as well invest in Beanie Babies. Horrible investment. Do you even math bro? |
| Dr. Heywood Floyd
User ID: 79069570 United States01/19/2021 07:53 PM Report Abusive Post Report Copyright Violation | I see same old nonsense from bitter no-coiners who have their head up their tuchus, in this thread and elsewhere. They fail to do simple research and will forever be left out. If people listened to these fools in here, they'd be poor by now. BTC and ETH just getting started. The train has left the station on BTC and coming up by summer into fall, for ETH too, as 2.0 development progresses succesfully. Most of the masses will be left behind and never own any, but that is fine cause the institutions are the ones driving the price much higher. Incidentally, those two facts are why main cryptos here to stay and wont be banned but regulated. |
| Mason Firefly
User ID: 79925043 United States01/19/2021 07:56 PM  Report Abusive Post Report Copyright Violation | |
| Mason Firefly
User ID: 79925043 United States01/19/2021 07:57 PM Report Abusive Post Report Copyright Violation | |
| Moon&Stars
User ID: 79725731 United States01/19/2021 08:32 PM Report Abusive Post Report Copyright Violation | |
| blackdiamond
User ID: 77083188 United States01/19/2021 08:38 PM Report Abusive Post Report Copyright Violation | |
