Biden coming after cryptos (@America 1st was right again)

Sparty1045 said:
So, purchase Lira soon. Got it.
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Nah, that shit is going to collapse and be worthless. Just kidding, I don't really have any idea.

My point was that bitcoin is not the only volatile currency. People say "its too volatile" are ignoring the point that all currencies have volatility and risk.
 
ChicagoFats said:
Nah, that shit is going to collapse and be worthless. Just kidding, I don't really have any idea.

My point was that bitcoin is not the only volatile currency. People say "its too volatile" are ignoring the point that all currencies have volatility and risk.
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It’s not ignoring. All crypto, including the supposedly infallible BTC, are so volatile they aren’t good for anything in a civilized society.

Well… it’s not just their volatility that makes them awful but it’s another bullet on the laundry list of reasons they’re absolutely disgusting.
 
America 1st said:
It’s not ignoring. All crypto, including the supposedly infallible BTC, are so volatile they aren’t good for anything in a civilized society.

Well… it’s not just their volatility that makes them awful but it’s another bullet on the laundry list of reasons they’re absolutely disgusting.
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I'm not a huge fan of crypto because I think the banking cabal could easily take them over and use them as a control method.


But the reason they fluctuate is because they are being used as a commodity and not a currency. If they started getting bused as a currency instead you would see a more stable volatility like the dollar when we weren't hyper inflating it.

People are only speculating on the future use of these cryptos as currencies.
 
TTUcamper said:
I'm not a huge fan of crypto because I think the banking cabal could easily take them over and use them as a control method.


But the reason they fluctuate is because they are being used as a commodity and not a currency. If they started getting bused as a currency instead you would see a more stable volatility like the dollar when we weren't hyper inflating it.

People are only speculating on the future use of these cryptos as currencies.
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I think there are many, many more uses to crypto other than as currency. There are countless practical uses for secure, decentralized networks.

I view this as a nascent industry where the peer to peer networks are being built out. By buying tokens now, you are incentivizing the networks to be built and maintained. Once the network is established, the currency / token / network , will become more stable and less volatile and therefore more widely adopted. As its more widely adopted the demand becomes more and the original holders, or investors if you will, will be rewarded.
 
ChicagoFats said:
@America 1st sovreign currencies can collapse also

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Nobody said they couldn’t. Countries and their people adopt bad policies sometimes.

But again it’s not a sovereign currency vs crypto thing.

Sovereign currencies have a legitimate role in the world and serve a multitude of legitimate purposes.

Then you have crypto that just serves to undermine economic systems, collapse governments, and destroy trust between people and their governments.

Crypto = anarchy and death

Sovereign currencies = law and order
 
America 1st said:
Nobody said they couldn’t. Countries and their people adopt bad policies sometimes.

But again it’s not a sovereign currency vs crypto thing.

Sovereign currencies have a legitimate role in the world and serve a multitude of legitimate purposes.

Then you have crypto that just serves to undermine economic systems, collapse governments, and destroy trust between people and their governments.

Crypto = anarchy and death

Sovereign currencies = law and order
Click to expand...

You act like that is the only thing that crypto is good for, you are ignoring all the legitmate use cases and why they are better than current technology.

How many governments has crypto collapsed? I can think of zero. How many economic systems is it responsible for collapsing? If thats what they were designed for they are doing a bad job.

And destroying trust between people and governments is the exact opposite of what cryptos (i prefer the term blockchain) do. Block chain takes away the government as the sole arbiter of trust and gives equal footing to everyone. This levels the playing field between Government and the people and therefore restores trust.
 

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