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Thread: Bitcoin....who's gotten into it?
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06-12-2019, 03:46 PM #2676I drink it up
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06-12-2019, 04:18 PM #2677
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06-12-2019, 04:26 PM #2678
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06-12-2019, 04:28 PM #2679Registered User
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well my argumant is not that Bitcoin is not worth anything
my argument is that Bitcoin is not stable
but it IS OK to treat Bitcoin like a mining stock
I have extremely boring investments that are very stable and I like that
SO how come Bitcoin is not stable ... cuz nobody trusts it ?Lee Lau - xxx-er is the laziest Asian canuck I know
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06-12-2019, 04:33 PM #2680
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06-12-2019, 05:14 PM #2681
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06-12-2019, 08:05 PM #2682
I agree completely with what bromo wrote. The CEOs of the big financial players, banks, credit card companies, they are all paying very close attention. I was at a talk of one fortune 50 finance ceo, and someone in the crowd asked about Blockchain technology and banking, and he said a few ambivalent things, and then said what's the price of Bitcoin, and quoted it to within about $50. He was clearly paying attention. Less than a year later the company released it's first Blockchain based product. It is the future.
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06-12-2019, 09:24 PM #2683I drink it up
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They’re paying attention to lots of shit.
Compare their investment in blockchain to their investment in lobbying efforts for regulatory relief in mortgage regs. Or culture workshops for staff.
Want to see some investment?? Compare that piddly bullshit to the investment in AI and other shit that they ACTUALLY think will be a game changer.focus.
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06-13-2019, 10:33 AM #2684
I'm struggling to find a world where the below has ever really been successful or desired by the public for any substantial length of time. observationaly in places where the local currency is the preffered trade currency (argentine pesos, whatever), but fails as a store of value (people want to hold US dollars) the trade currency tends to fade away in practical use in favor of the store of value currency absent evil government intervention. the magic of technology doesn't change the underlying structure
Maybe we end up in a world where you use more than one currency for different purposes, a different currency for medium of exchange, a different currency for store of value, and you exchange one for the other, or rather your wallet automatically exchanges one for another whenever it needs to very very quickly and very very cheaply. That solves the problem too, I don’t know which way we’re going, we’ll have to wait to find out.
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06-14-2019, 12:04 AM #2685
https://www.theblockcrypto.com/tiny/...ryptocurrency/
Facebook reportedly brings on Visa, Mastercard, and PayPal as backers of its cryptocurrency.
This whole crypto thing is probably just a fad.
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06-14-2019, 01:20 AM #2686
it's all the same.
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06-14-2019, 09:07 AM #2687
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06-16-2019, 12:16 AM #2688
9000 smash smash smaaaaashhhheed
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06-16-2019, 03:43 PM #2689
You're wrong dude....as usual. I just bought my dad an HBO gift card with BTC from egifter.com so he can watch Chernobyl.
Just wait until ZuckBucks get dropped on Tuesday and 2 billion normies start learning about crypto. Do you know how much capital is about to be directly tradable with the ZuckBucks/BTC pair on Coinbase?
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06-16-2019, 04:21 PM #2690I drink it up
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Bitcoin....who's gotten into it?
Being able to purchase a $30 HBO Go card with BTC doesn’t refute a single point made in PureGravity’s post, you simpleton.
focus.
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06-16-2019, 04:39 PM #2691I drink it up
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That’s fair.
I’m sorry, Stalefish.focus.
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06-16-2019, 05:36 PM #2692
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06-17-2019, 09:23 AM #2693
I make purchases with crypto occasionally because I am actually in in for the tech. And frankly when your coins moon, it feels good to spend a bit of the profits. And I posted about it because the hater crowd here keeps telling me how I can't buy anything with crypto.
Massive corporations have massive amounts of users bruh.
Pretty soon you're going to end up in a straight jacket repeating, "It's going to zero!" over and over.
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06-17-2019, 09:36 AM #2694I drink it up
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06-17-2019, 09:51 AM #2695
To be honest, I was shopping for an online gift card, and the crypto payment option was a random pleasant surprise. The only gaslighting here is done by those in denial of macro economic trends.
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06-17-2019, 10:30 AM #2696Registered User
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https://www.coindesk.com/sex-worker-retirement
sex trade workers like the bitcoin cuz a real bank won't deal with themLee Lau - xxx-er is the laziest Asian canuck I know
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06-17-2019, 10:52 AM #2697
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06-17-2019, 12:03 PM #2698
So are SWIFT and ACH Netflix or Blockbuster?
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06-17-2019, 01:49 PM #2699
That Ari Paul video was very interesting. I like the ending, where he talks about the costs of Bitcoin, and how they are so high, the energy required to mine and do the proof of work required to keep the system secure. But the point how you can't compare that cost to the cost of visa transactions, or amex transactions, you have to compare that cost to the cost of securing the fiat currency structure, including up to military spending that can be tied to propping up the dollar.
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06-17-2019, 02:07 PM #2700I drink it up
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