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Crypto in a nutshell… you think ya know but ya don’t know…

 
Anonymous Coward
User ID: 80360179
Brazil
09/24/2021 02:15 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
OP is a retard. BTC is outdated garbage & on its way out.

There are many more efficient decentralized blockchains than BTC.

BTC is a dinosaur with arthritis.

Again, OP is a retard.
Anonymous Coward
User ID: 78507753
Germany
09/24/2021 02:17 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
OP is a retard. BTC is outdated garbage & on its way out.

There are many more efficient decentralized blockchains than BTC.

BTC is a dinosaur with arthritis.

Again, OP is a retard.
 Quoting: Anonymous Coward 80360179


Michael Saylor and Raoul Pal disagree with you.

BTC is THE best store of value ever devised by man.

drevil
Anonymous Coward
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09/24/2021 02:18 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
You noobs think crypto is decentralized currency… it is not. It’s only decentralizing China. But remember once the wealth has been smuggled the objective achieved… remember to diversify safely. invest wisely.
 Quoting: Anonymous Coward 77470462


Apollo. The most advanced decentralized platform known to the current industry.
Anonymous Coward
User ID: 78600034
United States
09/24/2021 02:21 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
...


Thank you! I will have to see if Coinbase offers that one. I am a Crypto newbie so I am still trying to figure everything out.
 Quoting: Anonymous Coward 78600034


I'm sure Coinbase will have it, but I don't use centralized exchanges, anymore.

I did use Coinbase as my original fiat money "on ramp", but moved my BTC and ETH private keys into my own hardware wallet years ago.

Once you're holding your own private keys (always a good idea) you can send crypto from your wallet(s) to online exchange services, like simpleswap dot io (I bought a bunch of Theta token through this) or changeangel dot io.

Simpleswap gives you a wide range of coins and tokens to swap to/from, but it has higher fees than changeangel (which has a smaller range of coins/tokens to choose from.)

There are many online swap services that don't require KYC (Know Your Customer) so take a look around.

drevil
 Quoting: Anonymous Coward 78507753


Thank you! thumbs
 Quoting: Anonymous Coward 78600034


You're welcome.

Also, bear in mind that if you want to swap back into dollars, there are "stablecoins" that mimic the US dollar on a (usually extremely close) 1:1 basis.

I would use USDC, personally. I would not use USDT (aka Tether.)

The advantage of this is that you are not creating a taxable event, as you would if you sold your holdings on an exchange for actual dollars.

You can keep stablecoins in a load of different wallets. I use Atomic Wallet, which also allows a wide range of swapping as a built-in feature.

drevil
 Quoting: Anonymous Coward 78507753


Holy crap, I was wondering about this exact thing yesterday and meant to learn about it but it had slipped my mind today. You must have read my mind! Thank you!
Anonymous Coward
User ID: 78507753
Germany
09/24/2021 02:28 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
...


I'm sure Coinbase will have it, but I don't use centralized exchanges, anymore.

I did use Coinbase as my original fiat money "on ramp", but moved my BTC and ETH private keys into my own hardware wallet years ago.

Once you're holding your own private keys (always a good idea) you can send crypto from your wallet(s) to online exchange services, like simpleswap dot io (I bought a bunch of Theta token through this) or changeangel dot io.

Simpleswap gives you a wide range of coins and tokens to swap to/from, but it has higher fees than changeangel (which has a smaller range of coins/tokens to choose from.)

There are many online swap services that don't require KYC (Know Your Customer) so take a look around.

drevil
 Quoting: Anonymous Coward 78507753


Thank you! thumbs
 Quoting: Anonymous Coward 78600034


You're welcome.

Also, bear in mind that if you want to swap back into dollars, there are "stablecoins" that mimic the US dollar on a (usually extremely close) 1:1 basis.

I would use USDC, personally. I would not use USDT (aka Tether.)

The advantage of this is that you are not creating a taxable event, as you would if you sold your holdings on an exchange for actual dollars.

You can keep stablecoins in a load of different wallets. I use Atomic Wallet, which also allows a wide range of swapping as a built-in feature.

drevil
 Quoting: Anonymous Coward 78507753


Holy crap, I was wondering about this exact thing yesterday and meant to learn about it but it had slipped my mind today. You must have read my mind! Thank you!
 Quoting: Anonymous Coward 78600034


I am not a US citizen, so (thank God) do not have your infernal IRS intruding into my life.

I would just say, when it comes to cryptos, it's OK to discuss them on anonymous platforms like GLP, but in real life, keep your mouth tightly shut, and work on a "need to know" basis.

drevil
Mich7b

User ID: 80638079
United States
09/24/2021 02:30 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
XRP TO THE MOON!!!!
Anonymous Coward
User ID: 79780865
Canada
09/24/2021 02:36 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Most of you seem to fail to understand that crypto and blockchain are the future of money. Period. There is no ambiguity about that. Physical money will still exist as gold and I think they will keep paper currency around but crypto is the future which is why they want you all to have the digital ID and blockchain passport. They want your "UBI" payments to be digital, after all.

They want everything on the blockchain so they can track how much you wipe your ass with. tp

Cryptos like Bitcoin will not vanish, they will be hijacked.

Remember, in "Mr. Robot" after they had the big financial crash everyone was using crypto, and the new FED Bankster digital coin in the show was called "E-COIN". In the show, Bitcoin also still existed. Just sayin.


In order for crypto currency to be legit and trusted and used in the future, people have to become acclimated. They have to TRUST that system and the blockchain. If Bitcoin was wiped out by western nations, they would have a hell of a time getting people to suddenly accept their fed back crypto. Hedge funds are heavily invested in bitcoin too. It's here to stay. China is just pissed because their economy is built on a house of cards and their whole system depends upon them controlling crypto for their blockchain social cred system.
Crypto-Tard

User ID: 78144147
United States
09/24/2021 02:42 PM

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Re: Crypto in a nutshell… you think ya know but ya don’t know…
It'll be a centralized blockchain and that's no blockchain.

They can call it a blockchain, but as soon as they can expire or block transactions, it's not a blockchain.

btw, the btc miners can block transactions, such as ransomware.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
User ID: 78600034
United States
09/24/2021 02:47 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
...


Thank you! thumbs
 Quoting: Anonymous Coward 78600034


You're welcome.

Also, bear in mind that if you want to swap back into dollars, there are "stablecoins" that mimic the US dollar on a (usually extremely close) 1:1 basis.

I would use USDC, personally. I would not use USDT (aka Tether.)

The advantage of this is that you are not creating a taxable event, as you would if you sold your holdings on an exchange for actual dollars.

You can keep stablecoins in a load of different wallets. I use Atomic Wallet, which also allows a wide range of swapping as a built-in feature.

drevil
 Quoting: Anonymous Coward 78507753


Holy crap, I was wondering about this exact thing yesterday and meant to learn about it but it had slipped my mind today. You must have read my mind! Thank you!
 Quoting: Anonymous Coward 78600034


I am not a US citizen, so (thank God) do not have your infernal IRS intruding into my life.

I would just say, when it comes to cryptos, it's OK to discuss them on anonymous platforms like GLP, but in real life, keep your mouth tightly shut, and work on a "need to know" basis.

drevil
 Quoting: Anonymous Coward 78507753


Thanks again!
Anonymous Coward
User ID: 79419717
Netherlands
09/24/2021 02:56 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
like i said, if you look at history, today’s rhetoric, all governments’ stance and wealth (market cap) movements…. one thing points to anti-Chinese.
 Quoting: Anonymous Coward 77470462

Anti Chinese like Robert Rubin and Larry Summers? The top Clinton officials and Wall Street banksters who were instrumental in lobbying for communist China to become a member of WTO. Thus leading to where we are now, a country dependent on Chinese Manufacturing.

Or anti-chinese like the Goldman family (of Goldman Sachs) who threw their weight and support behind bringing Mao Zedong and the communist party to power?

Or maybe you're thinking of Henri Kissinger's secret trip to China in 1971 that "culminated into Beijing becoming an economic powerhouse in the last 50 years and changed the course of global geopolitics, according to experts."
Anonymous Coward
User ID: 69023090
United States
09/24/2021 02:58 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Hedera Hashgraph (Hbar) is worth looking at. Governed by a cabal of multinational corporations and higher education institutions. Well primed to dominate public ledger enterprise adoption. You can trust a cartel of unknown whales who manipulate price or you can profit with the enemy you know (multinational corporations). I frankly think it's much easier and more lucrative to bet alongside large corporations who honestly have a larger degree of accountability then some whale in his basement in Russia or some shit. It is also the most used ledger, the fastest ledger, the cheapest per transaction and uses the least energy. It's 100% going to be at the forefront of ushering utility use case coins opposed to speculative/store of value currencies. I also like ADA and Etherium for what it is worth and of course king bitcoin. But when it comes to maximizing potential profit, HBAR is my answer.
Anonymous Coward
User ID: 79419717
Netherlands
09/24/2021 02:59 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
many have been burned trying to goto the moon and yolo’ing. Invest wisely and listen to billionaire investors not stock/crypto influencers.
 Quoting: Anonymous Coward 77470462

Like Bill Gates and Jeffrey Epstein? Great advice OP.

norespect
Anonymous Coward
User ID: 79419717
Netherlands
09/24/2021 03:03 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
OP is a retard. BTC is outdated garbage & on its way out.

There are many more efficient decentralized blockchains than BTC.

BTC is a dinosaur with arthritis.

Again, OP is a retard.
 Quoting: Anonymous Coward 80360179

Fact checked. OP is a retard.
Anonymous Coward
User ID: 74894036
United States
09/24/2021 03:07 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
God this is wrong on so many counts. You have no idea how the code for any cryptocurrency works obviously. Decentralization is a real thing homie.

You can look at the code and see how it works. You can run your own nodes. The cryptography is mathematically proven.

Please stop posting about things you do not understand. Crypto wasn't created just to smuggle money out of China...lol....jeezus

Ironically, crypto is the one thing that will preserve freedom of speech and commerce.
The Reverse Engineer

User ID: 79585113
United States
09/24/2021 03:09 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Bitcoin is super DE-centralized, and a bulletproof store of value (for long term HODLers, not silly day traders.)

Many other cryptos ARE centralized, though (like ETH), so be careful out there.

ETH could be destroyed fairly easily, even though it is the premier development platform (not currency.)

It is almost inconceivable that BTC could be wiped out, though.

Only a cabal of trillionaires could summon the necessary computing power to make a 51% attack on BTC. Even if such a cabal existed, they are probably benefiting from it, so it's a vanishingly unlikely scenario.

drevil
 Quoting: Anonymous Coward 78507753


like i said, if you look at history, today’s rhetoric, all governments’ stance and wealth (market cap) movements…. one thing points to anti-Chinese. It’s a means to liquidate Chinese assets when and if China tries to control their currencies and markets. EVERYTHING else is just fog.

One thing BTC has against it is it backed by ready for it…. nothing… but some collective “people” that has no military, no government, no rules. One thing it has going FOR it is… ya can’t short it.
 Quoting: Anonymous Coward 77470462


You can absolutely short BTC. Have you not heard of the futures markets?
CrazyWhiteBoy

User ID: 80675726
United States
09/24/2021 03:09 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Bitcoin is super DE-centralized, and a bulletproof store of value (for long term HODLers, not silly day traders.)

Many other cryptos ARE centralized, though (like ETH), so be careful out there.

ETH could be destroyed fairly easily, even though it is the premier development platform (not currency.)

It is almost inconceivable that BTC could be wiped out, though.

Only a cabal of trillionaires could summon the necessary computing power to make a 51% attack on BTC. Even if such a cabal existed, they are probably benefiting from it, so it's a vanishingly unlikely scenario.

drevil
 Quoting: Anonymous Coward 78507753


Finally a post on GLP that I can endorse, and which truthfully describes one facet of this situation.

TPTB and Central Banks do not like crypto because it 'democratizes' the financial world.

The current news outta China 'banning' BTC and all other crypto is pretty much Groundhogs Day....they have done this multiple times before.

Most MSM 'news' on Crypto is F.U.D.

If you don't know what that is, well....it can't be distilled down to a sound bite or couple of sentences.
LocoWedo (LocoGuero)
Anonymous Coward
User ID: 69293517
United States
09/24/2021 03:13 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
I think cryptocurrency is what's causing the desperation in the elite to do things so extreme like mandating these vaccines

They're losing control quickly

I think if crypto didn't exist a ridiculously amount more people would be in the stock market helping prop it up

What we are seeing is the new generation refusing to fund corporation and instead put their investments in decentralized finance

We are destroying them by creating systems where our money is free from there monitoring and taxation

We are starving the beast
 Quoting: Anonymous Coward 69293517


norespect

If they wanted to 'shut down crypto' all they have to do is shutdown your fiat offramp exchanges. Literally that easy.

Since crypto isn't actually used anywhere for 'payments' (since coinbros gave up on it being money and now call it 'store of value'), and as crypto is only used for gambling, shutting down the 2-3 fiat offramps like coinbase and kraken would effectively kill crypto.

You're trading suduko puzzles back in forth and pretending they have value.
 Quoting: NLPAstrology


And you seem so uneducated you swap bitcoin and crypto as terms thinking it's the same thing

Bitcoin is what is considered a store of value now instead of being efficient for a payments not crypto in general

Don't get me wrong the FED is going to try to take advantage of the cryptocurrency market and make their own coin... But unfortunately for them humanity is to awake to accept it

And we haven't listened to an educated shills like you discourage something they know nothing about and we have kept investing in what we feel is morally right
Anonymous Coward
User ID: 69293517
United States
09/24/2021 03:15 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Hedera Hashgraph (Hbar) is worth looking at. Governed by a cabal of multinational corporations and higher education institutions. Well primed to dominate public ledger enterprise adoption. You can trust a cartel of unknown whales who manipulate price or you can profit with the enemy you know (multinational corporations). I frankly think it's much easier and more lucrative to bet alongside large corporations who honestly have a larger degree of accountability then some whale in his basement in Russia or some shit. It is also the most used ledger, the fastest ledger, the cheapest per transaction and uses the least energy. It's 100% going to be at the forefront of ushering utility use case coins opposed to speculative/store of value currencies. I also like ADA and Etherium for what it is worth and of course king bitcoin. But when it comes to maximizing potential profit, HBAR is my answer.
 Quoting: Anonymous Coward 69023090


Hbar and qnt together

Also the whole avax system

I need to get myself some SNOB and JOE
MoonSlice

User ID: 78426684
United States
09/24/2021 03:53 PM

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Re: Crypto in a nutshell… you think ya know but ya don’t know…
How do I invest? Which coin? Thank you
Doom is not dead.
Anonymous Coward
User ID: 69293517
United States
09/24/2021 03:56 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
How do I invest? Which coin? Thank you
 Quoting: MoonSlice


Binance.US to onboard cash

Ronbubble crypto is a youtube channel to check out
Anonymous Coward
User ID: 80916579
Puerto Rico
09/24/2021 03:57 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
I think cryptocurrency is what's causing the desperation in the elite to do things so extreme like mandating these vaccines

They're losing control quickly

I think if crypto didn't exist a ridiculously amount more people would be in the stock market helping prop it up

What we are seeing is the new generation refusing to fund corporation and instead put their investments in decentralized finance

We are destroying them by creating systems where our money is free from there monitoring and taxation

We are starving the beast
 Quoting: Anonymous Coward 69293517


norespect

If they wanted to 'shut down crypto' all they have to do is shutdown your fiat offramp exchanges. Literally that easy.

Since crypto isn't actually used anywhere for 'payments' (since coinbros gave up on it being money and now call it 'store of value'), and as crypto is only used for gambling, shutting down the 2-3 fiat offramps like coinbase and kraken would effectively kill crypto.

You're trading suduko puzzles back in forth and pretending they have value.
 Quoting: NLPAstrology


And you seem so uneducated you swap bitcoin and crypto as terms thinking it's the same thing

Bitcoin is what is considered a store of value now instead of being efficient for a payments not crypto in general

Don't get me wrong the FED is going to try to take advantage of the cryptocurrency market and make their own coin... But unfortunately for them humanity is to awake to accept it

And we haven't listened to an educated shills like you discourage something they know nothing about and we have kept investing in what we feel is morally right
 Quoting: Anonymous Coward 69293517



You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.
Magnison

User ID: 80091065
United States
09/24/2021 04:02 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
...


Thank you! I will have to see if Coinbase offers that one. I am a Crypto newbie so I am still trying to figure everything out.
 Quoting: Anonymous Coward 78600034


I'm sure Coinbase will have it, but I don't use centralized exchanges, anymore.

I did use Coinbase as my original fiat money "on ramp", but moved my BTC and ETH private keys into my own hardware wallet years ago.

Once you're holding your own private keys (always a good idea) you can send crypto from your wallet(s) to online exchange services, like simpleswap dot io (I bought a bunch of Theta token through this) or changeangel dot io.

Simpleswap gives you a wide range of coins and tokens to swap to/from, but it has higher fees than changeangel (which has a smaller range of coins/tokens to choose from.)

There are many online swap services that don't require KYC (Know Your Customer) so take a look around.

drevil
 Quoting: Anonymous Coward 78507753


Thank you! thumbs
 Quoting: Anonymous Coward 78600034


You're welcome.

Also, bear in mind that if you want to swap back into dollars, there are "stablecoins" that mimic the US dollar on a (usually extremely close) 1:1 basis.

I would use USDC, personally. I would not use USDT (aka Tether.)

The advantage of this is that you are not creating a taxable event, as you would if you sold your holdings on an exchange for actual dollars.

You can keep stablecoins in a load of different wallets. I use Atomic Wallet, which also allows a wide range of swapping as a built-in feature.

drevil
 Quoting: Anonymous Coward 78507753


I do believe it IS a taxable event if you exchange your coin into a stable coin. Where are you getting your info that it's not a taxable event?
Magnison

User ID: 80091065
United States
09/24/2021 04:10 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
I think cryptocurrency is what's causing the desperation in the elite to do things so extreme like mandating these vaccines

They're losing control quickly

I think if crypto didn't exist a ridiculously amount more people would be in the stock market helping prop it up

What we are seeing is the new generation refusing to fund corporation and instead put their investments in decentralized finance

We are destroying them by creating systems where our money is free from there monitoring and taxation

We are starving the beast
 Quoting: Anonymous Coward 69293517


norespect

If they wanted to 'shut down crypto' all they have to do is shutdown your fiat offramp exchanges. Literally that easy.

Since crypto isn't actually used anywhere for 'payments' (since coinbros gave up on it being money and now call it 'store of value'), and as crypto is only used for gambling, shutting down the 2-3 fiat offramps like coinbase and kraken would effectively kill crypto.

You're trading suduko puzzles back in forth and pretending they have value.
 Quoting: NLPAstrology


And you seem so uneducated you swap bitcoin and crypto as terms thinking it's the same thing

Bitcoin is what is considered a store of value now instead of being efficient for a payments not crypto in general

Don't get me wrong the FED is going to try to take advantage of the cryptocurrency market and make their own coin... But unfortunately for them humanity is to awake to accept it

And we haven't listened to an educated shills like you discourage something they know nothing about and we have kept investing in what we feel is morally right
 Quoting: Anonymous Coward 69293517



You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.
 Quoting: Anonymous Coward 80916579


Dude... do you even know crypto?? You can already spend your coins as you wish... there are mastercards and visas already used just like regular credit... Tie the card to your cypto accounts and spend like regular credit card.

It's already here. Either you aren't paying attention, or listening to the wrong people. Truly.
Anonymous Coward
User ID: 79780865
Canada
09/24/2021 04:12 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Bitcoin is super DE-centralized, and a bulletproof store of value (for long term HODLers, not silly day traders.)

Many other cryptos ARE centralized, though (like ETH), so be careful out there.

ETH could be destroyed fairly easily, even though it is the premier development platform (not currency.)

It is almost inconceivable that BTC could be wiped out, though.

Only a cabal of trillionaires could summon the necessary computing power to make a 51% attack on BTC. Even if such a cabal existed, they are probably benefiting from it, so it's a vanishingly unlikely scenario.

drevil
 Quoting: Anonymous Coward 78507753


Finally a post on GLP that I can endorse, and which truthfully describes one facet of this situation.

TPTB and Central Banks do not like crypto because it 'democratizes' the financial world.

The current news outta China 'banning' BTC and all other crypto is pretty much Groundhogs Day....they have done this multiple times before.

Most MSM 'news' on Crypto is F.U.D.

If you don't know what that is, well....it can't be distilled down to a sound bite or couple of sentences.
 Quoting: CrazyWhiteBoy


hesrightsmoking1
Magnison

User ID: 80091065
United States
09/24/2021 04:13 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
...


norespect

If they wanted to 'shut down crypto' all they have to do is shutdown your fiat offramp exchanges. Literally that easy.

Since crypto isn't actually used anywhere for 'payments' (since coinbros gave up on it being money and now call it 'store of value'), and as crypto is only used for gambling, shutting down the 2-3 fiat offramps like coinbase and kraken would effectively kill crypto.

You're trading suduko puzzles back in forth and pretending they have value.
 Quoting: NLPAstrology


And you seem so uneducated you swap bitcoin and crypto as terms thinking it's the same thing

Bitcoin is what is considered a store of value now instead of being efficient for a payments not crypto in general

Don't get me wrong the FED is going to try to take advantage of the cryptocurrency market and make their own coin... But unfortunately for them humanity is to awake to accept it

And we haven't listened to an educated shills like you discourage something they know nothing about and we have kept investing in what we feel is morally right
 Quoting: Anonymous Coward 69293517



You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.
 Quoting: Anonymous Coward 80916579


Dude... do you even know crypto?? You can already spend your coins as you wish... there are mastercards and visas already used just like regular credit... Tie the card to your cypto accounts and spend like regular credit card.

It's already here. Either you aren't paying attention, or listening to the wrong people. Truly.
 Quoting: Magnison


Also, one of the main benefits with certain crypto's... XRP, XLM, HBAR and others... is that you can send and settle all payments in 3 to 5 seconds... any where in the world.

Wiring money to, like Australia, takes 5 days for it to reach them.... not 5 seconds.

If you can't see that one simple benefit, amongst many others, then you are either not paying attention, a FUD monster, or just listening to the wrong influencers.
Anonymous Coward
User ID: 79780865
Canada
09/24/2021 04:15 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
OPEN QUESTION, what's the next "bitcoin" as in +++$$$$$$? ETH?

Is Bitcoin the next bitcoin? I saw someone say they think it will go to 1 million per coin. yeahsure
Waffles ™

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09/24/2021 04:22 PM

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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Bitcoin is super DE-centralized, and a bulletproof store of value (for long term HODLers, not silly day traders.)

Many other cryptos ARE centralized, though (like ETH), so be careful out there.

ETH could be destroyed fairly easily, even though it is the premier development platform (not currency.)

It is almost inconceivable that BTC could be wiped out, though.

Only a cabal of trillionaires could summon the necessary computing power to make a 51% attack on BTC. Even if such a cabal existed, they are probably benefiting from it, so it's a vanishingly unlikely scenario.

drevil
 Quoting: Anonymous Coward 78507753


Stop with the bullshit,,if the govt wants to shut down crypto they'll shut it down end of story,,if they make it illegal and you do it anyway they'll know and your going to jail..

That's why crypto sucks it needs to travel through the internet which govts own and control you ain't pulling any fast ones on them.
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Anonymous Coward
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09/24/2021 04:22 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
what are all those mining machines doing? computing what exactly? maybe they are decrypting hard drives. are the contents of the hard drive worth 1 bitcoin? to who?
Anonymous Coward
User ID: 69293517
United States
09/24/2021 04:29 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
Bitcoin is super DE-centralized, and a bulletproof store of value (for long term HODLers, not silly day traders.)

Many other cryptos ARE centralized, though (like ETH), so be careful out there.

ETH could be destroyed fairly easily, even though it is the premier development platform (not currency.)

It is almost inconceivable that BTC could be wiped out, though.

Only a cabal of trillionaires could summon the necessary computing power to make a 51% attack on BTC. Even if such a cabal existed, they are probably benefiting from it, so it's a vanishingly unlikely scenario.

drevil
 Quoting: Anonymous Coward 78507753


Stop with the bullshit,,if the govt wants to shut down crypto they'll shut it down end of story,,if they make it illegal and you do it anyway they'll know and your going to jail..

That's why crypto sucks it needs to travel through the internet which govts own and control you ain't pulling any fast ones on them.
 Quoting: Waffles ™


The government is owned by corporations and they are heavily invested into Bitcoin

I'm sure they wish they would have destroyed it sooner but it's too late now

The government cannot own the blockchain and even if they somehow destroy the internet the blockchain will live on that's the whole point
Anonymous Coward
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09/24/2021 04:29 PM
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Re: Crypto in a nutshell… you think ya know but ya don’t know…
I think cryptocurrency is what's causing the desperation in the elite to do things so extreme like mandating these vaccines

They're losing control quickly

I think if crypto didn't exist a ridiculously amount more people would be in the stock market helping prop it up

What we are seeing is the new generation refusing to fund corporation and instead put their investments in decentralized finance

We are destroying them by creating systems where our money is free from there monitoring and taxation

We are starving the beast
 Quoting: Anonymous Coward 69293517


norespect

If they wanted to 'shut down crypto' all they have to do is shutdown your fiat offramp exchanges. Literally that easy.

Since crypto isn't actually used anywhere for 'payments' (since coinbros gave up on it being money and now call it 'store of value'), and as crypto is only used for gambling, shutting down the 2-3 fiat offramps like coinbase and kraken would effectively kill crypto.

You're trading suduko puzzles back in forth and pretending they have value.
 Quoting: NLPAstrology


And you seem so uneducated you swap bitcoin and crypto as terms thinking it's the same thing

Bitcoin is what is considered a store of value now instead of being efficient for a payments not crypto in general

Don't get me wrong the FED is going to try to take advantage of the cryptocurrency market and make their own coin... But unfortunately for them humanity is to awake to accept it

And we haven't listened to an educated shills like you discourage something they know nothing about and we have kept investing in what we feel is morally right
 Quoting: Anonymous Coward 69293517



You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.
 Quoting: Anonymous Coward 80916579


Look into Flexa you absolute dolt. They have a network of 40,000 stores in the US (Whole Foods, Sheetz, Walmart, Lowes, etc.) that take crypto payments using their system. Do some research before you spout shit you don't know anything about.





GLP