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By the time 75% of all Bitcoins have been mined, fiat currency and the modern global banking system will be little more than a bad memory recorded in the history textbooks.
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This thread, like many others on this forum, is improved by a careful reading wherein you replace all the "ifs" with "whens".
The dollar, yuan, and euro are going to implode sooner or later. All empires collapse in time. This is inevitable. When they do, crypto will be waiting to absorb the wealth.
Which side of the equation do you want to be sitting on, dear reader, when that happens? Think carefully.
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Use a long password that only you would ever know. Nothing that has ever been written or recorded anywhere, ever.
A shitty poem you wrote as a child, for example, would not be safe because it was once written on paper.
A shitty poem you make up right now, and are 99.999% sure you will never forget, would be a reasonably good password.
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anyone holding over 10 bitcoin today will probably have 1 million USD (in today's purchasing power) in 10-20 years. 3-5 years. "The Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007" |
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Only Satoshi Nakamoto has the power to bring back the $10 bitcoin, and even (s)he/they could only make it happen for a few hours at best. Word would spread extremely quickly, a massive buying frenzy would follow.
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ts better to continue doing a job you love even if your rich, then to be bored, spending bitcoins wastefully, where they can be left in the hoards, to gain even more riches. Reread the OP, he said _filthy_ rich. You don't need to gain anymore riches when you're already set for life. I have already quit my job and I am all the happier for it. I volunteer two days a week and spend the rest of my days doing what I like. |
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Love it, need to send this to my girlfriend, she'll get a laugh.
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Thread would be made 900% more accurate to near-future reality by replacing "if" with "when" in every instance.
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If these currencies are so valuable and doing so well then why is everyone poor? Answer me that.
Everyone isn't poor. The net worth of the world is estimated at $223 trillion. so i think you will find that not every single person actually had $30k-$45k life savings. rather, the reality shows 1 billionaire vs 20k poor.. is the more factual statistic Well said, Franky.   |
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Oh, can't forget about that guy bought the pizza for 10,000 btcs. Poor bastard. |
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The only thing that makes me wonder if hes dead is the fact that he hasnt spent any of his coins. I just cant understand that. You don't understand it because as a capitalist you are damn near incapable of comprehending a truly selfless act. I hold that the creation of Bitcoin was a selfless act - a gift to the world. Those coins will never move. |
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Paypal will cling to fiat and they will drown with all the rest of the fools refusing to bail from a sinking ship.
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Bitcoin needs derivatives trading and similar Wall Street bankster gambling shenanigans like I need an asshole on my elbow. Fuck right off.
The whole point of Bitcoin is that it solves the problem of trust! Adding contracts on top of that is completely self-defeating.
This is like putting giant wooden masts and sails on a Steam Boat - retarded.
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I am already a millionaire thanks to Bitcoin, the world just hasn't figured it out yet. The same could be true for you, dear friends, if you simply HODL long enough.
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Just so everyone is clear, "regulation" is a euphemism for government castration of Bitcoin.
No, Bitcoin does not need the same corrupt fuckers who ruined the dollar meddling with it, thanks.
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"Money Laundering" is best defined as having any money that the government does not know about.
QFT, they don't like any power they can't control. They see it as a threat, because they know their rule is illegitimate. This is the same way mafiosos think. |
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To be honest I can't see it become the reserve currency of the world. The major governments wouldn't let it happen. Assuming the choice will be in the hands of governments, and not in the hands of the people. Push come to shove, in the 21st century, all governments serve at the pleasure of their people. |
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Is there a TLDR version of how gold backing can cause a crisis? Gold backing never caused any crisis. Greed caused every crisis. I've said it before and I'll say it again: Cryptocurrency did not create capitalism's self-destructive tendencies, and it is not going to solve them. |
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Good to see this thread back on page 1 where it belongs. "Nationalism is our form of incest, is our idolatry, is our insanity. "Patriotism" is its cult. It should hardly be necessary to say, that by "patriotism” I mean that attitude which puts the own nation above humanity, above the principles of truth and justice; not the loving interest in one’s own nation, which is the concern with the nation’s spiritual as much as with its material welfare — never with its power over other nations. Just as love for one individual which excludes the love for others is not love, love for one’s country which is not part of one’s love for humanity is not love, but idolatrous worship."
-Erich Fromm, in The Sane Society (1955) The Sunset of the State |
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