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Forum » Goodbye Bitcoin (told you so)
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Thread: Goodbye Bitcoin (told you so)

post 1628548653 01-14-2021, 07:34 AM
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Currency is only worth whatever people think it is worth.
post 1628548783 01-14-2021, 07:36 AM
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Originally Posted By PimpMasterC⏩
Yeah, it´s the most successful pump and dump pyramid scam ever. Doesn´t mean it´s not utter chit and manipulated like a cult. People are just extremely dumb and greedy, thats why it´s still successful.
How's your link short going?

If you weren't such a fearmonger larp, I might've actually taken your posts seriously.
Never take it personal, even when it is.

HTC
post 1628548843 01-14-2021, 07:37 AM
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Originally Posted By knightofday⏩
I'll say it again: the central bankers will push to ban bitcoin and all crypto not controlled by them, they will roll out a proprietary digital coin to try and replace the USD and all currency with.

Save this post for future reference.
Yep, the reality of The Great Reset.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -T. Jefferson
post 1628548933 01-14-2021, 07:38 AM
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Originally Posted By PimpMasterC⏩
bitcoin is a pump and dump pyramid scheme that is inferior to other cryptocurrencies. The sooner it dies, the better for mankind.
Right on bro, it's all about Wrapped Bitcoin now.
Originally Posted By wincel⏩
Currency is only worth whatever people think it is worth.
This might be the most sensible post you've ever made. Are you running a fever?
#
post 1628549043 01-14-2021, 07:39 AM
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Originally Posted By Spetznaaz⏩
This.

Bitcoin is the Banks biggest enemy.
Nope. They are much more afraid of gold and silver. They can´t control gold and silver as much as they can control crypto. They can crash crypto completely if they want, they can´t do that with silver/gold. Crypto doing good is actually short term good for the elite banks and government.

The elites could set up a total global power shutdown if they want to. Thats a fact, and crypto would go to zero overnight. They control crypto, and it succeeding and taking away from precious metals means more control for them. You stupid morons don´t get this.

Crypto becoming bigger and bigger means more money they have control over. If the crypto market cap goes to 50 trillion, that means the elites now have control over that 50 trillion. They could wipe out that huge amount of money really quickly. Digital stuff is always vulnable to government control, much more so than physical stuff.
Originally Posted By Imaneya⏩
How's your link short going?

If you weren't such a fearmonger larp, I might've actually taken your posts seriously.
I exited that short a long time ago, and I made money on it. I´m trying to be real here. Lets stop sugarcoating crypto, lets be real even tho you have an invested interest in it succeeding. So do I, but I´m able to stay somewhat unbiased.

The bigger crypto gets, the more money the elites control. They have the power to crash crypto to zero if they really want to. Thats not possible with gold and silver, and thats why the elites don´t want gold and silver to become popular. The notion that governments don´t control crypto is an illusion which is maintained by greed.
post 1628549453 01-14-2021, 07:46 AM
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post 1628550033 01-14-2021, 07:53 AM
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Originally Posted By Vexidi⏩
Afraid of a fundamentally flawed currency? haha. Bitcoin is no threat to the central banks. Other cryptos can become somewhat of a threat, but not bitcoin lol. No governance mechanism, fundamentally flawed, becoming more centralized, easy to control. yeah right.
post 1628551013 01-14-2021, 08:06 AM
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and people think cryptocurrencies are going to exist when Communism reigns? Really?
post 1628552073 01-14-2021, 08:20 AM
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Cryptobrahs saying "'they're afraid" as if Bitcoin hodlers have the upper hand. You don't want these people to be afraid. They have the power and resources to destroy your retirement plans.

For years they would not even acknowledge Bitcoin's existence. Now HSBC has banned crypto exchanges and the president of the European Central Bank is talking regulation.

These are not good signs.
post 1628552433 01-14-2021, 08:23 AM
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Originally Posted By HayZues
So some random convicted of half a billion dollar fraud, has the ultimate truth on the subject?


Or whatever source aligns with my preexisting beliefs is a good source?
I doubt anyone thought that the Korean finance minister (who ended up dead in his bed shortly after) saying similar things in 2017 would lead to a crash either

Central banks are either going to get behind BTC or crush it using their pet governments
post 1628552963 01-14-2021, 08:30 AM
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#41
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Michael saylor thinks Bitcoin might end up having a market cap of $200 trillion. Just goes to show how out of touch with reality some bitcoiners are. It´s delusion

All these bitcoin influencers are scumbags that has lots in common with pyramid scheme influencers.

What people must realize is that the risks are huge by investing in crypto, but so can the rewards be. No one knows what will happen. China could ban bitcoin tomorrow and the price would collapse 99% in one day. Who knows. Great risk/great rewards. Bitcoin has no intrinsic value, so it can go to zero. Gold, food or other commodities cannnot go to zero.
post 1628557453 01-14-2021, 09:24 AM
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Originally Posted By PimpMasterC⏩
bitcoin is a pump and dump pyramid scheme that is inferior to other cryptocurrencies. The sooner it dies, the better for mankind.
How is bitcoin inferior to other crypto currencies?
post 1628557473 01-14-2021, 09:24 AM
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post 1628557663 01-14-2021, 09:26 AM
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Originally Posted By 128⏩
Why do you want it to fail? (It won’t any time soon)
He's a commie *******
post 1628557933 01-14-2021, 09:29 AM
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Originally Posted By 401Delta⏩
How is bitcoin inferior to other crypto currencies?
Slow, expensive fees, no on chain governance (big one). Fundamentally flawed with a max supply cap. No sophisticated smart contracts. No promising projets built on bitcoin. No token standards. Little innovation. Getting more centralized. No STO´s or other tokenized assets. No staking. No nothing. It´s a big nothingburger

Not easily upgradeable, not built to last. codebase could be better. Centralized governance. No non dilutive inflation.

Bitcoin only has security and trust, but those will trend downwards over time. It wastes unneccessary amounts of electricity that could be better spent somewhere else than securing a flawed blockchain.
post 1628558033 01-14-2021, 09:31 AM
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#46
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Originally Posted By PimpMasterC⏩
Michael saylor thinks Bitcoin might end up having a market cap of $200 trillion. Just goes to show how out of touch with reality some bitcoiners are. It´s delusion

All these bitcoin influencers are scumbags that has lots in common with pyramid scheme influencers.

What people must realize is that the risks are huge by investing in crypto, but so can the rewards be. No one knows what will happen. China could ban bitcoin tomorrow and the price would collapse 99% in one day. Who knows. Great risk/great rewards. Bitcoin has no intrinsic value, so it can go to zero. Gold, food or other commodities cannnot go to zero.
Michael Saylor is worth half a billion dollars and you’re an autistic misc troll. Hmmm which person has more credibility? 🤔
It is the current year.
post 1628558463 01-14-2021, 09:36 AM
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Originally Posted By Titansfan08⏩
Poor woman, did she die??
I have a dream today. I have a dream that one day every valley shall be engulfed, every hill shall be exalted and every mountain shall be made low, the rough places will be made plains and the crooked places will be made straight and the glory of the Lord shall be revealed and all flesh shall see it together.
post 1628558553 01-14-2021, 09:37 AM
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#48
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Originally Posted By Howiester⏩
Michael Saylor is worth half a billion dollars and you’re an autistic misc troll. Hmmm which person has more credibility?
On the surface he has. But sadly he is clueless if you look beneath the surface. He also have a history of fraud allegations. He is a pyramid scheme recruiter, just look at his twitter.
post 1628558633 01-14-2021, 09:38 AM
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#49
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Originally Posted By knightofday⏩
I'll say it again: the central bankers will push to ban bitcoin and all crypto not controlled by them, they will roll out a proprietary digital coin to try and replace the USD and all currency with.

Save this post for future reference.
That is a well known perspective in the crypto community, and it's already happening in China, Singapore, Argentina, and Brazil - they have already began rolling out their CBDC. The Fed and various European banks have publicly announced that they are planning on doing it.

It's called a CBDC a central bank digital currency.

Unlike other blockchain currency it is centrally controlled.

I expect massive regulation on Bitcoin, but regulation that tries to make it easy for institutions to own and use crypto as assets, but hard for individuals to use as currency.

Here are 2 very good videos on the possible plans...






Here is a well respected ex Hedge fund manager and entrepreneur talking about CBDC being part of government's plans...

If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1628558873 01-14-2021, 09:41 AM
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#50
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Originally Posted By PimpMasterC⏩
Slow, expensive fees, no on chain governance (big one). Fundamentally flawed with a max supply cap. No sophisticated smart contracts. No promising projets built on bitcoin. No token standards. Little innovation. Getting more centralized. No STO´s or other tokenized assets. No staking. No nothing. It´s a big nothingburger

Not easily upgradeable, not built to last. codebase could be better. Centralized governance. No non dilutive inflation.

Bitcoin only has security and trust, but those will trend downwards over time. It wastes unneccessary amounts of electricity that could be better spent somewhere else than securing a flawed blockchain.
I agree.

All anyone has to do is do 1 transaction for $1 with Bitcoin. (Check out the transaction fee.) Then do a $1 transaction with Bitcoin Cash, Dash, Smartcash, and XLM. They are cheap and fast.

The Bitcoin Cash ecosytem is far, far better than Bitcoin's but Bitcoin is winning ATM because of it's Brand.

Kim Dot Com has jumped on board with Bitcoin Cash though... So maybe it will get more recognition.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1628559173 01-14-2021, 09:44 AM
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#51
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Originally Posted By nin-com-poop⏩
and people think cryptocurrencies are going to exist when Communism reigns? Really?
They can't erase them - due the nature of a distributed computer program.

All they can do is to try to make them as difficult as possible for normies to buy and use. A lot normies refuse to use decentralized exchanges and use their own wallets, instead they keep them on centralized exchanges... They will need to rethink that as the regulations get worse.

However, I think everyone ITT needs to bear in mind that hard drugs are a multi-billion if not trillion dollar market. It thrives despite being illegal. Many things thrive despite being illegal, when there is demand there will be supply.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1628559803 01-14-2021, 09:51 AM
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#52
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Where to buy Crypto without photo ID...

https://bisq.network/

https://paxful.com/



Decentralized exchanges...

https://shapeshift.com/

https://atomicdex.io/

https://uniswap.org/


Atomic Swap exchanges (simple exchange, ran by a computer program):

https://sideshift.ai

https://simpleswap.io/


Phuck the regulations.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1628560913 01-14-2021, 10:08 AM
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#53
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Yeah we definitely need unelected undemocratic people running our currencies who can print extra money at their leisure. Let's go central banks!
post 1628774273 01-16-2021, 01:17 PM
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bump
post 1628775703 01-16-2021, 01:37 PM
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Real question, does anyone actually use it for anything other than speculative investment or money laundering? It's too volatile to be a store of wealth or asset yet, maybe in a few years...

I've legit never spoken to anyone who has actually spent a bitcoin. I can't think of anything else that is an asset but not easy to spend. If I offer my neighbor $20,000 of gold for his car he'll probably take it, but .76 bitcoins (or whatever is $20k equivalent) and he'll likely laugh me out of his garage.

It will be regulated one day. Then no more laundering which has to be 90% of the value.
post 1628775953 01-16-2021, 01:40 PM
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Bitcoin would take the most powerful people on earth to shut down. Which leads me to believe they are pioneering and shilling it. Great reset or not
"If you don't vote for me you ain't black!" - Plantation Joe Biden

Wreck em
Hook em
Glory to Aubernia!
post 1628781363 01-16-2021, 02:47 PM
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Originally Posted By cncman⏩
Bitcoin would take the most powerful people on earth to shut down. Which leads me to believe they are pioneering and shilling it. Great reset or not
Bitcoin is only one crypto project, it's also only one of many cryptocurrencies.

It would be literally impossible for them to shutdown crypto, they don't have a infinite supply of computer processing power.

Crypto is more than just cryptocurrency, it involves; trading platforms, smartcontract networks (e.g. Ethereum and Polkadot), decentralized finance (everything that is available through traditional finance is available through decentralized finances), etc.

IMO the projects that will stand the test of time will likely by DEFI (decentralized finance) and privacy networks/cryptos projects... As the state gets crazier with surveillance and oppression, IMO the more people will turn to censorship resistant finance. Just like we are seeing the massive amounts of people signing up to anti-censorship platforms due to Big Tech censorhip.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1628781653 01-16-2021, 02:50 PM
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#58
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no coincel angry
post 1628781773 01-16-2021, 02:51 PM
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#59
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Originally Posted By soaponarope1⏩
Real question, does anyone actually use it for anything other than speculative investment or money laundering?
Yes.

Growing in Latin America, and around the world. For various reasons. You can - and people do - buy flights, hotels, groceries, electronics, clothing, etc using cryptocurrency (directly and indirectly).

DEFI is a growing part of the crypto industry, IMO it is going to be huge in the coming years.

Also, stablecoins exist. They are cryptocurrency pegged to fiat currency e.g. 1 DAI = $1.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1628782413 01-16-2021, 03:00 PM
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#60
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Originally Posted By BetaAsPhuck⏩
Yes.

Growing in Latin America, and around the world. For various reasons. You can - and people do - buy flights, hotels, groceries, electronics, clothing, etc using cryptocurrency (directly and indirectly).

DEFI is a growing part of the crypto industry, IMO it is going to be huge in the coming years.

Also, stablecoins exist. They are cryptocurrency pegged to fiat currency e.g. 1 DAI = $1.
I guess it makes sense in Latin America where you might have a new government next week that confiscates any wealth. A speculative asset in the first world is likely worth more than a valueless third world currency.

Any developed economies that aren't purely based on drug money and tourists? A large portion of LA economy is money laundering and other illicit activities which is what cryptos are currently good for.

Once it becomes common, if ever, it will definitely be regulated as any other currency. Im curious as to why a retailer in a developed economy would accept it at all, or what the benefit to me is over using my Amex? Why should papa John, for example, accept it instead of telling me to convert it to USD at my own cost
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