Are you really this stupid or are you just pretending?
Sorry mate, but either you're incredibly thick or you're just joking at this point.
Ah you got me
@Ed209. Hands up. I was hoping you wouldn't notice, but the truth is
I am both
stupid and thick; which is why I bother to argue with
you. ( ͡° ͜ʖ ͡°)
You are 100% right. The vast majority of people do not understand how money works, and/or how it's created or controlled. They literally have no clue. This is evident from the way people use credit and then get themselves into financial trouble. Credit card companies know this which is why they play on people's ignorance so much. It should be taught in school.
As I said before, I don't know why we don't learn about finances in school. It's obvious that a lot of people could really benefit, and it could help stop people going into debt. It's also helpful to know ways of making your money go further for you.
This is the only thing I'd agree with you on,
if we were having this debate twenty years ago. Have you actually seen what passes for a "student" in secondary school now? Let's talk about writing and vocalising a coherent sentence before we begin to consider economics classes for them.
It's funny you talk about Monopoly because that's exactly what our governments are currently doing with fiat. They are printing so much money out of thin air (you could call it Monopoly money if you want) that it's rapidly devaluing the money that's in our bank accounts. Crypto is the opposite. It's kind of like going back to the gold standard.
"Crypto" is toy money. Monopoly money would actually have more legitimacy.
Bitcoin has every transaction that's ever occurred on the ledger. It's as transparent as you can get.
There are privacy coins such as Monero, but that's more of a niche market.
How do you do that?
Quote me and
misquote me at the same time. That's quite the skill.
How is that not clear? I'm saying that cryptocurrencies as a collective offer
varying degrees of anonymity running from a scale of
pseudonymous (Bitcoin) to
fully anonymous (ZCoin).
And by comparison
Bitcoin being the
least anonymous of all the cryptocurrencies, is still
waaaaaaaay less traceable than
digitised forms of established currency; which is not what banks or governments like.
Where do you get your information from? Genuine question because you couldn't be any more wrong.
This was my
first post to you in this thread.
If you just worked on your reading comprehension, neither of us would need to waste our time on such trivial Q&As.
Cash can be just as easily laundered and/or hidden. Criminals have been doing this stuff since the dawn of time, and it doesn't really matter which currency they use.
I wasn't talking about
cash when I referenced the
Euro and the
Dollar, I was talking about their
digitised forms. How much clearer do I need to be when I'm speaking about the future prospects for a
singular digital currency?
You've gotta be kidding me!
I sort of was. The comment about my taxes being used for the bailout was just to compliment the point I made about how rich I'd be for every time I saw someone accuse the other guy of making no sense; the truth is I couldn't care less. I'm as emotionally invested in the future of cryptocurrency as I am financially.
The inevitable crash for people that invested in
Bitcoin etc.
will happen, but it won't affect me, and I don't really foresee any bailouts either, just a lot of bankruptcy.
Have you not seen the state of the world? The Euro created more bailouts than I can even remember. It's a joke. Go and watch that video I posted as the situation is laughable (and it's much worse now than when that was made). Where does the bailout(s) money come from when every country is broke?
What about the fact that fiat is going drastically wrong? Why do most people have their heads in the sand about the ever rising debt bubble? It's crazy to me. That's what paved the way to this revolution in the first place. People got sick and tired of seeing government-issued money being manipulated and badly regulated.
This fearmongering whataboutism is pretty much cryptocurrencies' only selling point, and even then it just sounds like: "I noticed your car has a blown tyre, you should trade it in for this one which has had it's brakes cut".
Why does a bank have to control anything in this day and age? Decentralised crypto can be perfectly self-governed. You get all the same properties as what we have now, but without a central power manipulating the supply to their advantage. And let's face it, they have royally fucked up the worlds economy by printing too much money. It's indefensible.
This is very naive thinking, and like with a child, would only be rectified by experience not explanation. Do you not think there was a time in human history before centralised banks? I'd suggest you ruminate on how they came to exist, and
why?
The bankers who cause all these recessions are sleaze balls, who are protected by other sleaze balls. Look how the credit agencies lied about the shit that was in those MBSes, CDOs, and bonds. It was all junk and they knew it, but it didn't stop them giving out A to AAA ratings. It's a farce. They nearly ruined the world, and none of them went to jail. Instead, the debt was put onto the taxpayers. It's events like these that show where the real power lies. They hate crypto because it gives power back to the people; that's why there's so much misinformation and propaganda put out there by the banks.
Now
you sound like a conspiracy theorist. Welcome to the club.
In 10 years, the adoption will be massive compared to now. Look at the growth curve and the current statistics. It's growing exponentially and is the fastest adoption of a new technology in all recorded human history.
As I said before, though, crypto ain't all about money. This space is primed to explode with innovation that will fundamentally change the world.
This makes me think of a boy I went to school with. We found a comic book store on the way home and he bought an issue of
X-Treme X-Men #25. When we left he said to me "could be worth money in the future, you never know". I didn't have the heart or energy to say anything to him, but that's not how it works.
You're a guy trying to do quadratic equations before he's even learnt how to do multiplication, but you'll have no idea what I mean by this, because I've already told you why cryptocurrencies won't ever be a
thing, and if you didn't experience an epiphany on my first attempt, you're not going to on my second.
Everyone's entitled to their dreams (delusions) I guess.
I buy all my food shopping and fuel with crypto, but I can spend it on anything I like, and in any shop.
he could have bought a car from any dealership in the country, using crypto.
I'll repeat, you could spend Bitcoin in any real life store - unless none of the stores in London take Visa anymore
First of all,
Visa isn't a currency. Your card might be accepted by cashpoints that accept
Visa, but the
currency you're
claiming you can pay anywhere with is still
Bitcoin. So if you try to pay for goods with a currency that a business sees
no value in, they're not going to allow you to leave with said goods, because then they may as well just be handing you them for free.
Now, I
really must be
stupid, because I appear to be missing something here...
These are the retailers where you can spend your cryptocurrency (retailgazette.co.uk)
(
Lists 7: the only major retailer on that list being Amazon, and that's not an
IRL store)
Tesco, Sainsbury's, Marks & Spencer, John Lewis, Asda and Argos don't directly accept digital currencies at the moment but they all accept gift cards through Bitpay.
Places in London that accept bitcoins - Where To Spend Bitcoins UK
(
Lists 55: and not a
Waitrose,
Sainsburys,
M&S,
Tesco or
Asda among them)
Unless you want to record yourself going into one of the above named
major supermarkets and film yourself actually
paying for items with that card using
Bitcoin, upload it to YouTube and then embed it here, I'm going to have to assume you're lying. Why? I don't know, but something's not adding up.
Your understanding of this subject is so poor that I don't even know why you are discussing it. What is your motive?
I'd like to ask
you the same question.
I'm crediting you with naivety, but you're starting to remind me of this guy:
Remind me to never debate with you again. Jesus Christ, you're hard work
Heh, I won't. The onus is on you to remember. I could be such a likeable guy if I just put up with bullsh*t, but that's never going to be me.
But seeing as you're done and have no intention of replying to me ever again ( ͡° ꇴ ͡°) I guess that gives me the
last word (which I'll gladly have).
Tell me, how does one
purchase Bitcoin? No, no, don't answer that, it's a rhetorical question. ( ˘ ͜ʖ ˘)
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