GIVE ME ONE GOOD REASON CRYPTO IS USEFUL

>deepweb drugs
>illegal activity
>NEETS read an article on Bitcoin looking to get rich quick
Can we all agree crypto has nowhere to go but $0.00?

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Sending value internationally without paying fees or waiting 3 days. Next question.

>paying fees
>waiting 3 days

The only thing collapsing faster than crypto is your argument.

Am making my own dapp for my business.
You can pay with the old methods, but you can also pay with ether and btc.
Helps spreading the word.
I offer discounts if you pay with crypto.

Who cares if crypto currencies are embraced by junkies? Who cares if some faggots spew new useless "altcoins" literally every month, and fools voluntarily jump on that bandwagon to lose their money? Those are side effects. The concept as a whole is still good. Just wait for the moment when it goes mainstream and normies start getting their crypto wallets.

I'm sure you'll be literally the only person to think of doing this. No one else with a business will try this exact thing and over saturate the market with scams and pump n dumps.

Im sure I won't.
Every crypto owner has incentive to do so, since it only brings benefit.

You're still not answering the question.
What's the added benefit of a blockchain?
That miners are essentially freelanced to do the work for the system taking payments?
That's literally the only difference between crypto and I see no added benefit to the business.

It's 2017 now. how many years does it take for the world to realize crypto is "the next big thing"? That's because it isn't important to anyone other than the people invested, and a moron is born every minute.

Which is why it will be over saturated with scams and pump n dumps.

>Collapsing banks can't confiscate it
>Collapsing governments can't confiscate it.
Did I mention collapsing banks and governments can't confiscate it? Crypto is the relief valve as we stare into the abyss of collapsing western socialism, you can't hop on a plane with a suitcase full of metals.

Because I can buy a pump and dump altcoin at 3am in the morning to take my mid-sleep piss.
Woke up at 9am, flipped it for a nice 500 dollar profit.
Went to school, came home at 4. Paid for a hooker at 7, went out to the bar with my friend, and got back just in time to buy that same alt coin while it's on another dip.
Congratulations. I am now fueling the foundation of Capitalism.

It's just another way to store money other than bank, mattress, or gold.

>everything will collapse
With no government or order, what makes you think a digital currency running off of a bunch of servers run by NEETs and wage cucks trying to make fractions of a cent will be of any value?
No one turns to this shit in time of crisis, and no one plans to.

>take it anywhere
Kek the few people successful with investing in gold never actually physically hold it. Investing in off site stored metals is as old as time as well, and easier than ever today.

This is why Bitcoin surges. You're all autists.

>What's the added benefit of a blockchain?
The same as of gold. The mere fact that it is not easy to obtain (Bitcoin mining is a non-issue anymore), has a (conceivably) limited quantity, is easily transferable and sufficiently reliable to store your wealth, is a good enough reason for people to believe in it and use it as a medium of exchange. Basically, it's the same as the gold standard, just in a different context.

Talking about benefits for businesses, it's not a matter of how convenient it is for them, because crypto currencies are very convenient just by their nature - it's a matter of mass adoption. Once the masses flock to crypto currencies, the businesses will follow.

...

>it's a new form of currency

So it's viable because it exists?

>so fast and easy, why not?

What kind of bullshit argument is this? Compare literally any crypto currency to current transactions you make everyday. It's a fucking joke. Sometimes I wait days for a blockchain transfer because Ashar Saklaja is shitting in the street outside.


Can't wait to see the epic rage threads when BTC starts making a 4 year decline and drops to .30 cents a coin. Guarantee there will stil be anons doubling down.

It's viable because people find it valuable. Their interest combined with certain gold-like properties of Bitcoin is what keeps it going.

And Bitcoin is not good for small, daily transactions anyway. Something like Litecoin would be better.

blockgeeks.com/guides/what-is-blockchain-technology/

blockchaintechnologies.com/blockchain-applications

Go and read about fundemental blockchain application, then go look into how NEM or Ripple are trying to develop tools for government and financial sectors.

People get sidetracked by the exchanges and shitcoins and forget there is massive tech advancements happening here.

THIS is the kinda answer I was looking for.
Thanks user.

This seems like part of the answer, especially when looking at ripple.
But still, it's a lot of "might", "could", "probably" and "in the future".
I really like XRP, since it ought to have some real world uses and is backed by a central authority, but still, looking at how we are speculating with crypto right now, I don't really see how XRP fits into the current situtaion.
Sure, it probably will increase in value some more, if it ever gets used (that is a big if, who knows if the current form aint just a public beta?), but then it should stay stable. No one want's to start a transaction, that, even when significantly faster than the current ones, still takes some time and probably will loose (or gain, while that sounds nice, you DONT want to receive more money than you asked for in a business context) some of it's value while doing so.
And ETH?
I get its appeal, but I dont get how dapps make ETH worth anything as a medium of exchange.
And then there is BTC.
Again, the idea is nice and international transactions are faster than oldschool wiring, but everyday transactions? much slower. Also, if I mistransfer something with my bank, I can call them, and get it fixed. With bitcoin? Who you gonna call… Bitbusters?
And whom to transfer it to? As of now, I can't think of anything that I would want that I could pay in BTC.
And yeah, store of value, the new gold, hiding my moneys from the man…
Bullshit.
For a store of value, it's to volatile.
It's not gold, because I can always exchange gold for something in a shady hut in the middle of the mountains in a postapocaliptic wasteland in candlelight, but BTC? If the miners are gone, if the internet is gone, your BTC are gone too.
And tax evasion?
Good luck.
Is there any exchange left that does fiat-crypto and crypto-fiat without ID?
And even if there is, is there any bank where you can have an account without ID?

And sure, you can buy BTC at ATM's or with some prepaid paper slips and transfer them to a local wallet, and if you are lucky, you might even have an ATM that does crypto-fiat within 500 miles, so yeah, it is possible to make money tax free, but theres a few issues:
a) fees. ATMs and prepaid have fees as high as 10% for both, buy and sell, so you are already quite close to most capital gains taxes anyways (or even over them?) and then there might be quite huge gas fees.
b) amounts. The stuff I know, is capped to like 100-500€ per day, or you need to register an ID to the man…
Good luck camping out for a month in a bulgarian back alley to get your mad gainz out of an ATM.
As of now, the whole crypto thing is just speculation.
As such, I gladly partake, trying to make mad gainz, just as every other idiot, but I dont treat it as an investment. It's purely speculation that might go up in smoke any moment.

>with no government
because of government, you'll figure it out one day.

>no one turns to this shit in a time of crisis
Hurrrppyy durp how are the chinks evading capital controls?
I hope you never buy desu, i'll come back and laugh in your stupid nocoiner face.

There's nothing to figure out faggot.
With not currency of any value through federal government, how would miners get paid? They wouldn't. That's why crypto would be the least of your worries in a fallout.

Samefagging doesn't work here, we can see your tag you failed abortion :>)

No currency has any intrinsic value. Dollar bills are just paper/Jewish polymaterials.

>What's the added benefit of a blockchain?
Freedom from a centralized source of authority and monitoring.

You're still missing the point like most everyone else.
I'm interested in what makes crypto useful at all outside of the typical complete bullshit people actually believe.
Genuinely ask yourself why crypto will be here in thirty years and what will we use it for.

That happens to be an added feature, but for nearly a decade that's only proven to be useful for illegal activity.
No one is looking to crypto to protect their investments.

Bank transfers, decentralization, and no taxes. What is wrong with you? Who hurt you, you don't have to be ignorant AND toxic...

>shit in time of crisis, and no one plans to
The same could be said for fiat, gold, silver, etc. It's all intrinsically a scam. Pure trade is the only real trade.

>With no government or order, what makes you think a digital currency running off of a bunch of servers run by NEETs and wage cucks trying to make fractions of a cent will be of any value?
Except this is actually occurring in both China and Venezuela you imbecile.

Wealth preservation. Thats literally it.

This guy beat me to the big one. The reason investing in shitcoins is at all feasable is because we've only scratched the surface on what Blockchain tech can do. And with the Department of Defense and Trumpcare adopting the tech to offset costs, its only gonna get more popular as the big fish keep giving the market more publicity.

That said, it is, effectively, a gamble. BECAUSE the market is volitile (partly from the tech slowly being adopted) its potentially a lot of easy money if you throw in some cash at the right time. Hence why people invest in NEETbucks; in theory its simple with the potential for huge payout

nocoiners on suicide watch

KEK
crypto is easily the most risky venture out there. It preserves nothing.


People like this autistic user are why bitcoin is valuable at all. Because you think it is.

Just like anything else in your world, user.
>mfw my 200$ shoes cost some plant fiber and leather to produce.
>mfw you glue some circuit board and a screen together and charge 1000$ for it.
>mfw you pay for fucking water

>China
>Venezuela
No one is using it there as a currency, it's being mined by people looking to make .02 cents because its largely impoverished and developed nations are largely autistic like you and your family.

>And ETH?
>I get its appeal, but I dont get how dapps make ETH worth anything as a medium of exchange.
>I get its appeal,
>I dont get how dapps make ETH worth anything as a medium of exchange.

user... what do you think blockchain transactions run off of?

>shoes are just materials
>computers are just materials
>bitcoin is great


How can everyone on this board be this retarded? Seriously, only two people seem to understand at all what I'm asking.
No wonder crypto is rising so fast. You're all blindly throwing money into something just because it's new.

Fuck off you nocoiner cretin. There is no way a bank owned "digital currency" will be worth more than toilet paper my friend.

Goback to r/buttcoin you child raping moloch worshipper

>paying for pussy

cuck alert

>drugs
>not useful
>not a billion dollar market
On which planet do you live?

the intrinsic value is that you have to pay taxes with dollars. You can't pay taxes with a block of gold, a slice of butter, or your dumb meme currency. If you owe someone money for damages, the court will force you to pay in DOLLARS, not anything else.
God, you are a fucking retard.

The dollar has intrinsic value so long as America is still a country.

As a commodity to trade it works like gold as something based on rarity. That and it can't be taken away by a government. See the use in buying or selling drugs.
Bring in ether and now you have decentralized applications that run on these resources. That is, applications that can't be shut down by some outside entity. Think p2p tracker that can never be shut down.
Finally take something like tkn that removes the requirement of understanding block chain technology and installing several tools just to use a crypto currency.

All of this is still just the early stage of the technology.

It's like asking what the benefit is of sending messages between computers back in the 80s. If there was a coin based on the use of the internet, a single unit would be worth billions today. That's the point.

>OP asks a question
>OP rages hard against all answers whether valid or not
this troll thread has longevity

Such as the nocoiner brainlets do. Let him rage, he will grow tired and require a nap soon enough.

Don't buy crypto then !

>igonores question
>critiques OP
>contributes nothing

I'll wait for you both to google search 'critique'. I doubt they taught either of you words that big in the public school that failed you so badly.

true, clearly the best investment is to just hold USD and lose 2% to inflation every year

Money's a piece of paper you know. It holds no real value just saying..

>what do you think blockchain transactions run off of?
Electricty…
How does an ETH "coin" I buy on kraken or so do anything for the running blockchain?