When articles like these start circulating on twitter then you know it's over

When articles like these start circulating on twitter then you know it's over.

The normies are OUT.

universal-sci.com/headlines/2018/1/5/the-bank-of-england-is-planning-a-bitcoin-style-virtual-currency-but-could-it-really-replace-cash

>take what you said
>change the sentence to mean the exact opposite of what you originally implied
FTFY

When this new currency is revealed it'll throttle the market, normies will finally have their cool futuristic currency and the only demand for our shitcoins will be from neckbeards.

This shit is like tether though so nobody will be speculating on it. Also they're just currencies not platforms. Crypto is a lot more than just currency now. The main use case for non government digital currencies will be privacy so let's see how these faggots handle monero if they want to try and track everything.

better sell everything you got now, user. (((they))) are coming for your chuck-e-cheese tokens...

I want to believe user, i really do but these guys just won't quit until everything is regulated and controllable. They're clearly uncomfortable by our presence and that's all they need to start cracking down.

>governments
>blockchains

No.

Only brainlets actually think "duh blockchain" is some magic tech that everyone is going to be using in the future.

It's literally a database. A shitty, slow, expensive database. The only upside is government non-compliance. Governments CANNOT benefit from blockchain tech as the blockchain's only redeeming quality opposes their very existence.

The blockchain is fundamentally anti-government.

>The normies are OUT

Thank God.

national digital currencies are the obvious future. all things move towards centralisation. blockchain and digital money itself is the valuable idea, bitcoin and everything else are just instruments.

national digital coins will better serve the public because they won't be volatile in price and will have accountability and protections that decentralised systems won't. i believe bitcoin will remain a popular speculative instrument, though as its now entrenching itself in the financial world and will always be seen as the prime mover, regardless of what happens to the technology in the future.

IT seems like it’s going exactly according to plan actually. Step two involves not touching their currency with a barge pole. You would be surprised how many people are secretly red pulled on banks and things behind closed doors user. My mums group of 60 something boomer friends all secretly hate the banks and immigrants. I’m talking hundreds of people who are otherwise ‘liberal’ hippy types. All they need is to know they are not alone and this shit will implode. It is only a vocal minority that keeps people from realising they have nothing to be ashamed about for thinking the way they do. Mostly the 20-30yos who police everybody with virtue signalling.
The truth that these people are a minority by a long way will come out soon enough. Sadly most of them are roasties and they are herd animals. Once we remove the banks hold and debt based economy from the equation people including roasties will start waking up. Soon.

They can't regulate it. They can only regulate access to fiat through gateways and exchanges that are in there country or attempt to block them. Either way this is like Tether, I have 0 interest in using it. Part of what makes crypto so appealing is no government meddling. (Decentralized) There is no point in buying that shitcoin, they will also just issue more though inflation to steal more money from people. They just don't get it do they?

>tfw crypto actually inspires governments to centralise digital currencies with biometric implants and crypto gets outlawed creating a dystopian society

>all this because of conspiracy videos on youtube about goldman sachs, rothschild and the federal reserve

Great job nerds, you got what you wanted.

Say hello to bleeding btc and goodbye for your gains.

We already have "national digital currencies" retard. In the United States it's called USD.

I was starting to lose hope in Veeky Forums

every other brainlet here thinks that crypto is about fast and cheap transactions and as soon as some bank will implement blockchain Bitcoin will die.

most currencies are already digital, retard.

there's literally nothing wrong with visa if you don't mind using fiat. It's fast, cheap and it's accepted everywhere.

>tfw crypto actually inspires governments to centralise digital currencies with biometric implants and crypto gets outlawed creating a dystopian society
>what are riots
>what are civil wars
if crypto will not get strangled peacefully within few years it will grow too big to be destroyed. There will simply be groups that will be able to hire private armies

You might want to read up on what you are talking about there brainlet.

If you can not see the potential and future of Blockchain-tech in the sharing economy our society is moving to (and to a certain extent already are in), then you will forever be a brainlet.

>too big to fail
Every time.

Governments can implement a global payment network. It will not run on "duh blockchain". It will run on centralized government databases and will be more performant because of it. Governments will maintain full control over the issuance of funds and the movement of money.

You are naive if you think governments will ever voluntarily give up control of the monetary system.

Do you actually understand what the blockchain is? Or did you just read a bunch of retarded articles and believe it's some magic fairy dust technology? Because it sounds like it's the latter.

Explain what a blockchain is and how it works. I'll wait.

Brainlet

Not the other guy, but blockchain is not only about payments. It's about storing information in a distributed and secure way, while having proof that noone tampered with the data. That's a really specific problem only the blockchain solved so far.

Why is it useful? For instance keeping records about a car (to prove noone has tampered with the mileage). It's useful for tracking products from manufacturing to sales (think WTC, VEN, WaBi). It's useful for secure distributed storage without a central point of failure (Sia). Hospitals could be storing patient info in a blockchain, and it would be secure and tamperproof.

Smartcontracts remove the need for escrow services and arbitrage in all kinds of contexts.

There are many things the blockchain can do next to payments. Payment processing is probably the least interesting thing the blockchain is currently used for.