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Jon_Snow
Guest
Registered: Not Yet
Location:
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Who has two thumbs and trades crypto. THIS GUY!
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May-13-2019 16:31
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SYSTEM-J
IDKFA.

Registered: Sep 2003
Location: Manchester
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In all seriousness, I do think crypto currencies as a whole do have a bright future if only in terms of the black market. We're moving towards ever more synchronisation and surveillance, and eventually it's going to be extremely hard for people to make illegal purchases with conventional currencies. And yes, I know RANN will pile in and talk about how a cash-free society is a pipe dream, as usual. In the long term it looks pretty inevitable to me. I'm talking 30-40 years from now. In the long run, crypto currencies will only become more useful. They're not going away.
However, investing in something that only really has potential as an illegal instrument seems somewhat ill advised to me. There were will obviously be a huge resistance to them from governments and financial institutions which could play out in any number of ways, and you're placing your money in what is virtually an open criminal market. All these hackings and virtual thefts are the early signs of how that will go down.
In terms of what you're talking about, which is just speculating on a particularly volatile asset... frankly I'm not even remotely interested. The whole culture around it strikes me as yet another one of those sweaty, slightly unhinged Internet obsessions populated by the same people who study pick up artistry or looks maxing or buying fake Soundcloud followers. Just another bunch of sad hustlers spending too much time trying to perfect one particular "life hack" that they think will give them some kind of edge in this world. I did my time working in a casino and saw all those "professional" poker players trying to master that little system and get rich quick, spending hours and hours staring at a computer screen gaming this bizarre and intricate system. Yeah, some of them made a lot of money out of it, but they were all fucking losers to a man. From where I'm stood Bitcoin is just more of the same. It's not real life, that shit. It twists your soul and it clouds your mind.
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May-13-2019 22:29
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itsamemario
Divine Angel

Registered: Jun 2001
Location: Mushroom Kingdom
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)Oh yeah I can totally agree with your final points there, but I don't really think freakin' posers are bitcoin/crypto-worlds fault. Like you said, they're everywhere fame can be had, so when bitcoin went to 20k a year and a half a go, everybody flocked to the scene, much like they did to the cdj's when EDM was the new cool thing, and made life miserable for dj's and producers alike. And I bet they ran to the poker scene to when that become popular after celebrity poker brought it to the masses. i think even one of the bigger faces in the "youtube lambo instagram crypto" crowd came originally from poker, Doug Polk or something. Honestly, I used to watch his videos, much because he was alot about exposing this one scam called bitconnect that i followed. and i do remember the scores of bitoin babes who 'just got their new mining rig and also look at my new bikini' who kept creeping on me on insta :P
but yeah, fame&fortune seekers, theyre everywhere, and theyll ruin everything you love! :P
as far as uses, i do think you're defining the 'black market' a bit narrowly. If it can be used for drugs or sex slaves, it can also be used for pretty much everything else, and those that used it purely illegaly would push for it to be used in other way as well, to further obfuscate their dirty deeds. but thats really more for other cryptos than bitcoin. bitcoin is pretty easy to track honestly, and offers no innate anonymity features. the 'truth telling' feature is in fact what many people like andreas antonopolous is heralding as one of its greatest qualities.
and if how banking works change, then i see bitcoin as a good alternative. and stocking up now when its low, and maybe sell a bit if it goes on an insane bull run and trade for gold? i mean, there are dumber ideas.
they have done the first human chipping where they place an rfid device in the hand of a human guinea pig, they did it live, and then they transferred money from his bank account to another, simulating a payment. i think sabadell w the affiliated bank. i know for a FACT that there are many people who will RESIST this chip. bitcoin might be the alternative for these people.
Edit: Forgot about the part about digitally storing money vs cashless society, i do not see the two as one and the same. i have money on my bank account which i can access digitally now, through my regular banking.
it's already here, that the currency is not being 'recognized' by banks doesnt mean people don't want it, just look at the black markets.
i do believe there's a distinction between digital wallets and
full-on cashless. we can use our phones today, but it's still not everywhere. i think probably the level of coverage that will be offered by 5g combined with rfid chip for payment/id purposes will usher in the cashless era. updated prognosis is 50% worldwide coverage within 2025, but most of the US is covered by then, with Africa etc still lagging, and then full implementation within 2030.
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BA-DUM-TSS
Last edited by itsamemario on May-14-2019 at 00:10
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May-13-2019 23:57
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itsamemario
Divine Angel

Registered: Jun 2001
Location: Mushroom Kingdom
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| quote: | Originally posted by pkcRAISTLIN
ta-dah! |
Was that the Horns of Babylon? 
Revelation 13:16-18 King James Version (KJV)
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
The real creepy part which lends credence to this is the fact that the all the people who are pushing the system are real satanic and the guy who was holding the press conference thing was real creepy, saying "oh we promise there will be blood". like, he said it numerous times, it seemed real important to him :P and the crowd cheered like if a head fell off! 
___________________
BA-DUM-TSS
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May-14-2019 07:08
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MSZ
godspeed

Registered: Jun 2005
Location: kill me
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May-15-2019 19:18
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DJ RANN
Supreme tranceaddict
Registered: May 2001
Location: Hollywood....
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| quote: | Originally posted by itsamemario
Was that the Horns of Babylon? 
Revelation 13:16-18 King James Version (KJV)
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
The real creepy part which lends credence to this is the fact that the all the people who are pushing the system are real satanic and the guy who was holding the press conference thing was real creepy, saying "oh we promise there will be blood". like, he said it numerous times, it seemed real important to him :P and the crowd cheered like if a head fell off! |
Oh lordy.
Is this where you start tlaking about the go kart racing track you invested in and then disappear from TA for 2 years 
I'm not going to get in to a rational discussion with you about day trading and bitcoin, simply because you're not rational.
And Jack - seriously? You're going to debate the merits of cryptocurrency meta-economics with the guy that starts quoting bible passages as "proof" of satanic illuminati conspiracies?
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May-15-2019 23:04
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