370 billion USD and not a single use case

FastChef
FastChef

370 billion USD and not a single use case.
Crypto hasn't solved a single problem. And yet, everyone is screaming for a trillion dollar marketcap.
This shit is so overvalued, it's not even funny anymore.

Attached: 104991578-GettyImages-861660314.530x298.jpg (20 KB, 530x298)

Other urls found in this thread:

deepdotweb.com/2018/01/08/research-47-bitcoin-transactions-involves-illegal-trading-mostly-darkweb
powh.io/?masternode=0xf6204c1fbacc5bb157f458d4e31cb80717331aad
telegraph.co.uk/business/2017/08/13/prepare-negative-interest-rates-next-recession-says-top-economist/
en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate

SniperWish
SniperWish

nice pasta kek
what the fuck your say to me you little bitch?

CodeBuns
CodeBuns

Nice argument. It's also not a pasta, brainlet.

Stark_Naked
Stark_Naked

derivatives dont solve anything either.

Evil_kitten
Evil_kitten

not a single use case

Someone come get their little retarded brother off their computer

Bidwell
Bidwell

Tech in general (including the stock market) is generally overvalued. You don't invest in the "value" of tech companies. You invest in potential. When a company raises $5M at a $100M valuation, they aren't valued at $100M because of their current offerings or balance sheets. They're valued at $100M because they have the potential to scale quickly with little to no overhead. This is the world of software. If you think that "muh not a single use case" is a valid argument right now, you're just wrong. The reason these """companies""" (tokens) are valued so highly is because of their potential. Trust.

Snarelure
Snarelure

You strike me as someone who looks at a project and goes "Wow this has so much potential, and it can do almost anything. I had better buy it now even though their Alpha isn't done in 2 years. Oh but wait they have no working wallet, and their coins function is soooooo good because my favorite youtuber told me this coin is good. I better buy 2000 of them."
Jesus man were u dropped?

AwesomeTucker
AwesomeTucker

He thinks market cap is an indicator of how much money is in crypto

u got a lot to learn son

Attached: AA66BEDE-88EA-4D79-891F-C5E409233816.png (143 KB, 642x700)

Boy_vs_Girl
Boy_vs_Girl

Try to move more than 10 grand to another country.

Then tell me crypto does not have a use.

RavySnake
RavySnake

you're right for now but OMG is going live soon so...

SniperWish
SniperWish

unironically this

massdebater
massdebater

not a single use case
Buying drugs online. Theft ("tax) evasion. Paying for your child slaves and assault weapons. Other illicit trade.

Attached: monero-chan.png (409 KB, 1000x1416)

Nojokur
Nojokur

I moved 10k in Jan and am going to have to move another 30k in the next few weeks. It literally cost me 0.0034p more than the official exchange rate and no transaction fee. and the money is completely traceable in case things go tits up also pretty easy to set up. I can't imagine crypto being much easier or cheaper if I am honest.

Harmless_Venom
Harmless_Venom

Unironically made a 10k euro sepa transfer last week. Took one day with no fees.

Yeah, ok. Monero is an exception, I forgot.

kizzmybutt
kizzmybutt

move $10K worth of crypto, worth $7K by the time it transfers
the absolute state

Techpill
Techpill

Now try to move money out of South Africa

Firespawn
Firespawn

Its gonna end in a massacre

TurtleCat
TurtleCat

Shitposting this hard.

Why does this thread have responses?

DeathDog
DeathDog

Where the fuck are you banking? Korea -> US and back is absolute shit.

ZeroReborn
ZeroReborn

Energy tokens will solve a big problem.

SNC will launch fully working energy trading platform in April. There are a bunch of other great ones too. Power ledger, restart energy, wepower, etc

Booteefool
Booteefool

Wrong

Inmate
Inmate

1 day
fast

TreeEater
TreeEater

Who the fuck said anything about Korea? it's just GBP/EUR

Also anything above like 500£/$/eur you don't do with a bank but with a speciality forex companies. Then again I am doing it for my biz so your exchange rate might be slightly worse.

Nude_Bikergirl
Nude_Bikergirl

europoor
get ass raped by high taxes and regulations
currency designed by (((them))) and propped up by German cucks
muh Sepa transfer is so cheap and quick

SomethingNew
SomethingNew

Because selling BTC, getting hit with AML and KYC, then withdrawing is so much faster? Maybe your bank will call you to ask where that money came from.
lmao. Crypto is a meme and only good for DNMs and money laundering.

takes2long
takes2long

You okay buddy? I'm just a guy starting a business trying to make a good life for myself. Also sharing my experience transferring normal currency to and from a different country :)

Snarelure
Snarelure

Now tray and cashout that crypto in a foreign country using local bank and your new nonresident bank account...
Pro tip... you can't...

Boy_vs_Girl
Boy_vs_Girl

Crypto hasn't solved a single problem.
I use it all the time to transfer money internationally. It's way cheaper than using bank wire transfers or Western union.

Boy_vs_Girl
Boy_vs_Girl

tell that to all the mexicans and indians sending money to their families you brainless mongoloid

girlDog
girlDog

That's all fine and dandy, but that's not a solution that the vast majority of human beings will ever need in their lifetime.

There is no solution -so far- that applies at a average person level that drives use and growth of cryptocurrency. Now, if you want to neckbeard over there being no uses at all, that's pointless, but the overwhelming reality is that there is no widespread adoption of crypto in any significant sense. If anything, it's dying a slow death of 1000 cuts, with entities like Steam dropping support, and banks making it harder to buy in.

I know this is pointless, because too many people here are too emotionally invested in being right, and they're willingly in denial, but as someone who's interested in crypto but has no real investment in it, from the sidelines here, the future right now looks pretty stagnant.

That's not to say nothing could happen in the future to change the reality, but right now, Bitcoin is dying, slowly. It can't even sustain over 10k, and it's botted to hell. The exchanges were a brief spark of light with margin trading, but that's being swarmed by the botters and scammers too, and slowly being suffocated.

I see Bitcoin and current crypto tech as the Creative Labs of crypto. They brought one of the more popular MP3 players to the market, but they were surpassed and left behind with the rise of the iPhone. The iPhone of the crypto world hasn't been invented yet. One of the alts may be it. Or not. But it's not around yet, I think the tech and the form of crypto that brings it truly mainstream is a ways out - it's coming, but not for a decade or so. But the pioneering has to happen, and that's what we're seeing now. But very little of what's current now, will survive.

That's my feeling, anyway. I've been around long enough to see the adoption of most new technologies, and my gut feeling is we're still very much in the early days of crypto. This rush to mainstream relevance and use is just wishful thinking.

Bidwell
Bidwell

I call bullshit on moving money from one country to another easily.
I had 5k euro and had to make numerous phone calls, sign papers about how it wouldn't be used for political gain, no family involved in government etc.

Have personally sent almost 50k in crypto to cousin in Europe with no issue and confirmation happened while we were on the phone.

Fuck you idiots saying price drops before confirmation. It takes like 8 minutes max with btc you dumb fuck.

likme
likme

Attached: Screen-Shot-2018-03-12-at-2.50.43-PM.png (1.12 MB, 740x938)

BlogWobbles
BlogWobbles

Bitcoin is more like thr email of money and alts are like apps/websites

Booteefool
Booteefool

Because it's annoying as fuck to get in. Once there's more fiat exchanges / better ways to cash in / out, this shit's fucking blowing up

Imagine the use case of something as small as iphone apps or games using Nano micropayments. The only reason they don't right now is because getting or receiving any crypto is a pain in the cock

BunnyJinx
BunnyJinx

Nope. That's wishful thinking, right there. Email, from the early days, was something everyone had.

The same cannot be said for crypto. When the average person on the street NEEDS a wallet to function in daily life, that's when you can draw that comparison.

If you want to use internet tech as an analogy, current tech is Gopher. The Web of crypto hasn't been invented yet.

Like I said, most of you here are too emotionally invested in crypto, and are making the same kind of wild claims that early adopters of tech usually make. I get it. I'm old enough to remember a world without cell phones, or even personal computers. Early adopters get a kind of religious belief about how everyone should be using it, and because their small circles of friends all use it, then everyone is, but it's not the case. Outside of a small percentage of people worldwide, crypto is unknown, not understood, and serves no purpose. There will be a day when that changes, but it's not now.

CouchChiller
CouchChiller

Agreed, getting in is too difficult.

But honestly, once in, what solution does crypto offer someone? A typical office worker just wants to deposit their paycheck, and pay for stuff. Putting their money into crypto is a trip it doesn't need to make - and it's still far easier to direct deposit to a checking account and whip out a debit card. You need to replace the bank account, the debit card...why? What is the fundamental problem with the system, as it stands, that's broken? You don't escape taxes, because they pay taxes before they buy coins, or if it's direct deposit by their company into coins, they still have to pay taxes when they spend it.
Honestly, the only benefit I can see is avoiding banking fees, but that's more easily avoided by getting into a credit union, or simply getting the right bank account with the minimal account fees. I pay hardly anything, yearly, and get a ton of benefit from my bank account. And no matter what, anything i do with crypto starts and finishes with my bank account. How do I replace my bank account with crypto? Answer: you can't.
As long as the systems we use, current fiat like the dollar, and have to go back and forth between the two, there's no real benefit, except for trading purposes. And for most people, crypto trading is a non-starter. And, replacing the entire fiat system? That's so massive a thing, so complicated, it's virtually impossible. Until a person can live completely off the cyrpto ecosystem, run their entire lives off of it, there's no solutions for the average person. It's just another layer of complexity for their cash, that they don't need.
And, when crypto can crash $1000 in price, like it did overnight, why would I keep my paycheck in it?
No, I don't see widespread adoption. The iPhone of crypto needs to appear first. A solution that makes sense, for an obvious problem. There are no problems that exist for the average person, and widespread adoption will require that.

Illusionz
Illusionz

fucking THIS

viagrandad
viagrandad

biggest use case is insurance against the banks acting recklessly and printing a fuckload of money driving hyperinflation and starving the masses
people holding bitcoin will become equivalent trillionaires

5mileys
5mileys

So, the best use case is a doomsday scenario that is highly unlikely to happen, all the while your money loses value over time, as Bitcoin is slowly losing price over time.

Yeah, i see everyone jumping onto that wagon.

Anyone else? Honestly. Serious replies would be great.

kizzmybutt
kizzmybutt

U basterd bich

FastChef
FastChef

have you seen the state of europe?
public support of pedophiles gangraping kids?
all the military spending?
shit is going down bigtime

Bidwell
Bidwell

NANO

Garbage Can Lid
Garbage Can Lid

Who gives a shit, are you here to make money or bitch about lost opportunities?

idontknow
idontknow

op are you dumb? There is so much use now and in the future. Don't look at one single coin, but instead look to the power of the block chain. The block chain has created a whole new industry that didnt exist before. Because of this it allows very smart people to become innovative and adapt their niche to the block chain. I already gave you an example of the use of cryptocurrency. Its a lot easier to send money from one person to another with nano; Instant practically fee less transactions. If you guys are not invested in nano idk what you guys are doing.

Spazyfool
Spazyfool

There is so much use now
Such as? That's what I asked. All you've offered is nano spam.

Again, serious answers?

CodeBuns
CodeBuns

When the average person on the street NEEDS a wallet to function in daily life, that's when you can draw that comparison.

I don't believe crypto will primarily be a consumer-driven innovation like the web was. I believe it will gain a lot of traction in B2B and fintech first. For private money transfer - at least in Europe - it has zero benefits, SEPA is cheaper and easier.

However, not all innovation waves cater to consumers first, for instance computers were a tool first for business, research and the military - and a lot of the foundation of what we use today was invented back then.

BunnyJinx
BunnyJinx

This lol. People will try so hard to make crypto look bad and find a reason to hate it.

viagrandad
viagrandad

it solves the government problem
also the paypal is a biased piece of shit problem

Illusionz
Illusionz

government problem

This. Venezuelans are mining crypto and that's the only way they can buy food. They trade with people from other countries near the border, because Maduro would rather watch them stave.
How is this not a use case?

Stark_Naked
Stark_Naked

I'm this user here:At least between Euro and UK it was as simple as piss, get quoted a rate and lock it,send money to account, they make payment to another account. Ez fucking pz.

Out of genuine curiosity does it not raise questions when some random guy gets an untraced 50k suddenly in their account? I'm new to crypto and to a normie that sounds like something that would raise a lot more flags than a traced transfer.

Crazy_Nice
Crazy_Nice

You asked what the use was right? That is a big fucking use. I can send money from one side of the world from the other instantly and cheap af. If I sent an e transfer it would be much more expensive and slower. How dense can you be?

If you want some more uses here: The blockchain has a global ledger and has all transactions listed on that which creates transparency and validity. So this means it is almost impossible to fraudulate the network. Smart contracts are incredibly useful in real life because it brings contracts to next level by enforcing the rules of the contract. There are many business reasons making the blockchain useful. For example, if a company decides to integrate their system within the blockchain it has many benefits. For example, a steel company which is integrated through the blockchain can detect when materials hit a low point and automatically reorder materials. It can also be set up to pay employee automatically and so on. Companies which integrate with blockchain will see a big cost savings effect from this and the blockchain will also go hand and hand with the future of automation and ai technology.

Soft_member
Soft_member

*starve
Fixd

Firespawn
Firespawn

Lmao good luck with your business
You will need it if your posts reflect your IQ

Lord_Tryzalot
Lord_Tryzalot

Thanks bud :) I'm trying my best

Ignoramus
Ignoramus

Unironically it will be ChainLink (and untamperable smart contracts in general) that will first add significant value in real world usage, and with that, eventually validate other parts of the crypto-economy and support fundamental valuation of crypto-assets.

SomethingNew
SomethingNew

this
the total market cap should be about 3b if that, all cryptoassets are overvalued by 100x at minimum

SomethingNew
SomethingNew

Crypto can send money across national borders with zero bureaucracy. This was a problem solved back in 2010.

5mileys
5mileys

Exactly. You get it. The great unknown is the time until that adoption starts to occur. I've posted my thoughts. A lot of the posts here are wishful thinking, not grounded in reality. Most people here just parrot "Moon soon, 50k!" which is just assigning a dream price to Bitcoin, so they'll get rich and buy lambos, not based on any real adoption or events in the real world.

The only real action right now is exchanges. They're diluting the pool, and just skimming off that sweet, sweet fee money, but there's no drive behind adoption anywhere.

hairygrape
hairygrape

It raises questions when it's converted to fiat, over a certain amount.

Gigastrength
Gigastrength

Ahh... those were the days

Attached: Screenshot-20171223-161902.png (187 KB, 1080x1920)

Burnblaze
Burnblaze

Okay, one more time, since you refuse to listen:

Transferring money is not a problem the vast majority of human beings need. Period.

And blockchain =/= crypto. Crypto *uses* blockchain tech. Yes, blockchain does have uses, but that doesn't mean it applies to crypto. If Maersk starts using blockchain to track global shipments (which they are), that's a win for blockchain, it has fuck-all to do with Bitcoin. To associate the two is childish and beyond naive.

Fried_Sushi
Fried_Sushi

OP is right. Why would big money investors pump it to 1 trillion so all the grandpas who got into btc recently can turn their $1000 investment into $3000? Its march, 25% of the year is over, btc has only gone down or sideways. You can scream BLOCKCHAAAAAIN but it wont make the market magically pump crypto. Status quo tech works fine, nobody needs or wants blockchain.

Techpill
Techpill

Would blockchain be more bearable to use if SSD's became the new standard?

VisualMaster
VisualMaster

Standard, for what? And "bearable", how? You make no sense.

Garbage Can Lid
Garbage Can Lid

Yes and no. Retail bitcoinisation for normies is of course a pipe dream, but some of those back-end (non consumer facing) use cases that entail financial elements (payments, penalties, collateral) benefit strongly from being able to use native digital stores of value and native digital reserve assets.

Refer to my post above for the most likely entry points.

Soft_member
Soft_member

Imagine being this braindead

5mileys
5mileys

370, you say?

Attached: B.png (336 KB, 1218x942)

Methshot
Methshot

btc price stopped pumping after segwit team takeover

problem is nobody trusts it

Nojokur
Nojokur

not talking about bitcoin.
Transferring money is not a problem the vast majority of human beings need. Period.
point and laugh at this retard

Harmless_Venom
Harmless_Venom

This is the same kind of craze I saw for www stocks back then, except in this case, this market has literally produced nothing of actual value and use (www market had tons of useful products even at an early stage), and should be treated as such since it fundamentally can't produce anything useful since no-one would use a crypto as a form of payment OR a store of value if the price continues to fluctuate.

New_Cliche
New_Cliche

BTC, ETH, BCC, and XMR do have a use case as a currency though

(and other coins do too, but they don't have as much adoption)

Firespawn
Firespawn

This is what someone says when they don't have time to do proper research and they need to rationalise ignoring most of the market.

Burnblaze
Burnblaze

it's a trust-less form of value exchange, so it absolutely does have a use case

Flameblow
Flameblow

This is what someone says when they don't bother to do proper research and they need to rationalise ignoring most of the world and their magical thinking.

Nojokur
Nojokur

solved the i can't get my 200 million to russian sub dealer on sunday afternoon for $50 problem....

world wide abolish in capital controls
the only unrriged asset class, eg you can qe it to death, well u sorta can with alts.

store of wealth that is unseizable if done right

has no central actor or office holder

supply issued by maths

but sure your right

also brainlets need not apply

Lord_Tryzalot
Lord_Tryzalot

try it with a milion

RavySnake
RavySnake

Dont forget about ethereum dapps you brainlets
Imagine getting paid for riding taxis because the advertisers directly pay you, no 3rd party needed
Imagine being paid for browsing facebook by advertisers as there is no middle man to take the profits
The list goes on

DeathDog
DeathDog

this.

something doesn't have to be universally used to have value. It just has to be used by some of the non trash segment of society (the 1%+).

Most people don't own yachts, or gold bricks, but the market for those things are just fine.

7 trillion for golden and almost no one owns a significant amount

PurpleCharger
PurpleCharger

Yeah nice original thought there user

Nude_Bikergirl
Nude_Bikergirl

Imagine getting paid for riding taxis because the advertisers directly pay you, no 3rd party needed
Imagine being paid for browsing facebook by advertisers

That sounds like a fucking nightmare

Burnblaze
Burnblaze

Mocking someone doesn't require original thought, sperglord.

But, since this is devolving into the usual neckbeard slapfight, I'm done. I was hoping for a real discussion, but, Veeky Forums.

Boy_vs_Girl
Boy_vs_Girl

Transferring money is not a problem the vast majority of human beings need. Period
Hahaha I didn't realise that was you. Yeah you should go to bed, elementary school takes a lot of energy.

New_Cliche
New_Cliche

if I had 1million to transfer surely i would have even less incentive to use a volatile currency such as bitcoin to save a few grand on the exchange. Most normal people would happily take a <0.003% loss on transfer than risk the 10% fluctuations on the value of a currency itself. I just can't imagine anyone going for that, also who the fuck is changing currency like that?

Also do you not think it would raise a few questions once the crypto gets re-converted to fiat and 1 million of x currency appears in your bank account from an unspecified region?

Lord_Tryzalot
Lord_Tryzalot

you have to be at least 18 to post here you fucking brainlet

PackManBrainlure
PackManBrainlure

This advertiser - customer exchange fails every single time because advertisers and customers trying to make money from being shown advertisements are natural enemies. The advertiser does not benefit from selling ads unless they profit off of the people the ads are being sold to, and these people aim to benefit by doing the opposite, earning a profit from the ads. This can never be a symbiotic relationship, there's a reason all the ad watching apps and shit only make you a cent per ad, time is money and you can't make money efficiently this way since the people you're trying to make money from will not sell unless they can profit.

Imagine being paid for riding taxis

This is completely retarded which is why it's only going to happen in your imagination, almost no ad in the modern age will ever be worth the price of your attention, if you needed information about a product you could find the best option online in seconds. Even specialized ads will be less efficient than a google search for the purposes of matching a consumer with their desired product.

Imagine being paid for browsing facebook with no middleman

There doesn't need to be a fucking middleman brainlet the "profits" will be taken by the company putting out the advertisement not by consumers that is literally how ads work you will be making pennies to have your normiebook feed flooded with dogshit. The time and distraction involved is worth more than the ads themselves will ever pay you.

Stupidasole
Stupidasole

Could you explain to me what smart contracts are and also oracles because I have no fucking clue what's going on

JunkTop
JunkTop

Oh and one more thing, all of these "get paid to watch ads" shilling schemes are extremely vulnerable to botting. Verifying that the person watching is a human repeatedly takes a massive amount of time and is the only way to keep botters from forcing the price per ad even lower. The optimal way to make money off of ads will not be to watch them in the manner you describe, it will be to create a bot network and rapidly move from one bot to the next verifying the "human" checks which waste even more time on the part of casual consumers. This will drive the prices of ads even lower and bottleneck the price of specialized ads. Even if your system could work the consumers who take advantage of it would be the ones who use false accounts to watch 20 ads at a time and thousands of ads per hour.

If you have any understanding of how markets work you know a "get paid to watch ads" system is retarded, of ads is being used by websites that cannot make money from their users in better ways.

Attached: Clarity.png (125 KB, 400x475)

cum2soon
cum2soon

Once there's more fiat exchanges / better ways to cash in / out, this shit's fucking blowing up
The only reason they don't right now is because getting or receiving any crypto is a pain in the cock
Ah, keep dreaming. The reason why crypto is so poorly integrated with fiat is because of anti-money-laundering laws. No new token or crypto fiat will change things as long as it's part of the mainstream crypto ecosystem. The same goes for utility tokens: no one will let people seamlessly convert them to real fiat while it's possible to anonymously exchange them for laundered/drug coins, which it is.

likme
likme

unlikely to happen
The impending collapse of the dollar and the western world is the main reason I got into cryptocurrency. You're blind if you honestly don't think it's going to happen in our lifetimes. It will be worse than the great depression and more significant than the french revolution.

PackManBrainlure
PackManBrainlure

Imagine being paid for browsing facebook by advertisers as there is no middle man to take the profits
You don't understand how advertising works. It is full of fraud.

Evilember
Evilember

Are you fucking stupid? BTC has been gaining value slowly over time since its inception. Stop looking at the last three months and look at the big picture since 2009.

Stark_Naked
Stark_Naked

Stop looking at the last three months and look at the big picture since 2009.
Bitcoin experienced an amazing growth because it found its use in the black market. Then a normie bubble ensued.

Nude_Bikergirl
Nude_Bikergirl

Lol found it’s use in the black market? For what dipshit? BTC hasn’t been used in the black market for shit since 2013. Monero and other privacy coins have replaced it.

TreeEater
TreeEater

The money transfer argument works as long as the receiving side is able to spend money directly in crypto. Otherwise it kills the whole purpose: cashing out big amounts of crypto is slow, cumbersome and is subject to a shit ton of anti-money-laundering regulations which can make you a potential suspect.

Illusionz
Illusionz

Stupid decemberfag, before the bubble, most of bitcoin's transactions were for darknet purchases. Without the darknet, bitcoin would be unironically dead, the junkies literally raised it to the top.

VisualMaster
VisualMaster

Stop regurgitating CNBC talking points. It won’t get you anywhere. Monero and other privacy coins have completely replaced BTC dark net use. And that’s for almost 5 years now.

BinaryMan
BinaryMan

I might be retarded here but can someone explain to me why ICOs and whatnot are necessary from a technical standpoint?

People talk about all the possibilities of blockchain technology. The justification for crypto is always in the potential of blockchain. So why even bother creating a security and trying to sell it on an exchange? I get that tokens or whatever are needed to facilitate using the blockchain for whatever, but is there any reason to use these tokens as currency holding speculative value rather than just a technical object of no inherent value to facilitate whatever blockchain technology is being implemented?

It feels like every cool crypto idea is a solid blockchain concept with a get rich quick ICO scheme tacked on to it for no real reason.

farquit
farquit

I'm explaining to you "the big picture since 2009", not the current situation

Lord_Tryzalot
Lord_Tryzalot

lol get triggered much? :D

Skullbone
Skullbone

Jesus fuck how dumb are you? No you’re not. Your explanation for the rise of BTC is muhhhh dark net. Yet, since 2013 Monero and other privacy coins have replaced BTC for dark net transactions and yet BTC has gone from around 100 dollars in 2013 to around 9k where it sits now, a 90x rise without any dark net support. Brainlet.

Stupidasole
Stupidasole

Does anyone want to dispute my post? Why would rich people pump crypto to 1tril market cap so a bunch of grandpas who saw a news segment on crypto and bought btc a few weeks ago can sell for 2x or 3x?

TurtleCat
TurtleCat

You're an idiot. No, Monero did not instantly replace bitcoin in 2013. Everybody was using bitcoin mixers back then, stupid decemberfag. Moreover, even when people are using other privacy coins, the entry point is still bitcoin which you buy with fiat on LB or elsewhere.

Research: 47% Of All Bitcoin Transactions Involves Illegal Trading Mostly On ‘Darkweb’
deepdotweb.com/2018/01/08/research-47-bitcoin-transactions-involves-illegal-trading-mostly-darkweb

Garbage Can Lid
Garbage Can Lid

Even if Monero and others didn’t overtake BTC for dark net transactions immediately your premise is still fucked. March 2015 price was 200 dollars. And at this point BTC was well on its way to being phased out by Monero et al. So how do you explain it going from 200 dollars to 20k if dark net transactions were fully being diminished by this period of time?

TurtleCat
TurtleCat

I'm dumb or a larp
Every day theese annoying threads.

Fuzzy_Logic
Fuzzy_Logic

It wasn't, mixers were used in full force. Monero was new and unproven. And even Monero is still bought with BTC. You clearly underestimate the black market and its power. So are people who failed to predict bitcoin's darknet adoption early on.

Emberfire
Emberfire

Anyone want to reply? Its like shoe shiners talking about stocks before the great depression

Nojokur
Nojokur

These are the same tired arguments used when bitcoin was trading at one dollar.

w8t4u
w8t4u

Crypto hasn't had a single use case because we're in a huge fucking bull-run on every other asset class in every economy in the world (aside from shit-holes like Venezuela). But those very same shit-holes point a very different picture on cryptocurrency adoption: namely crypto currency is the bee'z knee'z when it comes to failing governments/collapsing economies. Every other asset, including gold, is a store of value that relies on TRUST. You trust your nigger neighbors to not steal your gold bars. You trust the government to return your deposits in full. You trust the shit sweepers to accept the asset you hold for services they render.

When society collapses, this trust breaks down. You can no longer trust the government, your neighbors, or anyone. If you're a wealthy white dentist living in South Africa right now, crypto currency is your best friend. Not gold, not wads of dollars, but crypto currency. Once the negros revolt you can run away with a few clothes on your back and all your wealth on a flash drive. They can come for your land, they can come for your gold, but they cannot come for your Bitcoin.

The value of cryptocurrency is thus inherently a hedge against all the trust-backed systems that run modern society - once those systems collapse to the ravages of time, and you find yourself at a border crossing running from negros, you'll quickly realize the inherent value of crypto. Until then? Enjoy the speculative bubble.

StrangeWizard
StrangeWizard

Okay, that's a legit use. But not for the rest of us, that don't live in the 3rd world under Marxist dictators and in shitholes like SA. That doesn't bring adoption to the masses, and anyone in the rest of the world doesn't need to worry about that - and if shit gets that bad in asia, north america, or europe, how are you gonna access your bitcoin, if the supporting system you need to retrieve value fails? Bank failures on the scale where they're no good in the US...you're not cashing in your bitcoin for food anywhere. You're gonna be feeding yourself with a gun. It's value doesn't exist, because at the end of the day, right now, crypto is not an ecosystem, it requires fiat to have value. Again, when the average joe on the street can exist completely in the crypto ecosystem, and never needs to enter the fiat world...that's when it's a solution. But you have pointed out a possible solution, right now, for a small part of the world's population - but it's not a case for mass adoption. It's simply a refuge from chaos, until that person can return to safety, and return his wealth to fiat.

Boy_vs_Girl
Boy_vs_Girl

you sound like such a stupid faggot lol

Think about the BIGGER PICTURE you mong jfc

takes2long
takes2long

Biz needs to stop talking about shit coins and invest in smart contracts instead powh.io/?masternode=0xf6204c1fbacc5bb157f458d4e31cb80717331aad

lostmypassword
lostmypassword

Again, when the average joe on the street can exist completely in the crypto ecosystem, and never needs to enter the fiat world...that's when it's a solution
Well, you can buy Amazon gift cards with crypto. But overall, the integration of crypto and fiat is very hard for the reasons I outlined above (anti-money-laundering laws)

Dreamworx
Dreamworx

You're missing the point, big-ly.

When a government fails, both the current utility and the expected future utility of cryptocurrency increases. Nations rise and nations fall - there will always be a top dog. So long as humanity as a whole is progressing onward and the internet exists, cryptocurrency will always rise in value until they become the sole currency.

South Africa collapses? No problem - it's just one country. Some of the smart ones will have bought cryptocurrency. They'll immigrate to other countries and tell their story. Right wing media will post articles of how "Bitcoin used by expats to avoid negro gangs in South Africa by oppressed white refugees!". Some other country will then be up in line for collapse. Maybe it's going to be Sweden? Maybe it's going to be some other Africa shithole? South America has countries collapse almost on a decade basis. Some of them will collapse in the near future, bringing adoption up. With adoption increasing, speculative value of future adoption increasing increases as well.

What about 20 years from now? It's doubtful that at least one major western, currently stable, nation won't collapse. Rising income inequality and automation will see sure to that. Will the commies come for your money? Will some other oppressive regime rise up? Who knows. It doesn't matter. Something bad, in some shape or form, is statistically likely to happen. When it does, adoption goes up.

You don't need governments or banks to pay with crypto. You need a phone, and internet. Both are things available even in the worst countries right now, including Venezuela. Eventually Papa Musk is going to have internet from orbit and when that happens you don't even need local internet. Just a phone will do. The system complexity required to maintain Bitcoin is far less than the complexity required to maintain a government or a financial institution.

Evilember
Evilember

Still waiting for a reply. Why would crypto pump so grandpas who heard about crypto on cnn can 2x or 3x?

farquit
farquit

the same reason it pumped for late adopters in 2017.

Burnblaze
Burnblaze

not for the rest of us, that don't live in the 3rd world under Marxist dictators and in shitholes like
You are already living under socialist dictators that are destroying your economy, it is just going to take longer for full bankrupcy to occur since you actually got some wealth stored.

BinaryMan
BinaryMan

Why would crypto pump so grandpas who heard about crypto on cnn can 2x or 3x?

You're a retard. There's been a TON of replies in this thread. That you don't like the answers is on your head.

And yeah, to a normie, being able to 3x is fucking HUGE - they're lucky to get 2x over their entire working life.

Soft_member
Soft_member

Crypto hasn't solved a single problem
What is triple entry accounting. Brainlets such as yourself should just keep silent. Kthnx.

likme
likme

ÑOÑO

Burnblaze
Burnblaze

Try to understand that there is no single actor who pumps and dumps the whole crypto market on a whim, this is a largely spontaneous process

Evilember
Evilember

Hmmm what is a likely country to collapse
Sweden
Literally stopped reading there you absolute fucking brainlet

Flameblow
Flameblow

Because if you don't move your money to crypto it will be inflated to oblivion in the next recession

telegraph.co.uk/business/2017/08/13/prepare-negative-interest-rates-next-recession-says-top-economist/

Lunatick
Lunatick

Out of all the western European countries, Sweden is the most likely to collapse followed by Spain.

Rising crime rate and a loss of cultural homogeneity does that nations, whether you want to admit it or not.

King_Martha
King_Martha

Unfortunately, a massive crypto bear market will eat way more of that

Soft_member
Soft_member

Anonymous donations are actually a very good use of crypto even with all the pessimistic arguments taken into account (lack of mainstream adoption, price crashes etc.). People overlook that.

JunkTop
JunkTop

I will eat my fucking dick if any western European country collapses in our lifetime. Western Europe is the most politically stable place in the world.
Find Sweden on this list and tell me what rank it is you fucking brainwashed faggot en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate

Sir_Gallonhead
Sir_Gallonhead

spain

TechHater
TechHater

Is that all you have, insults?

Oh, wait, Veeky Forums. Yes, that's all you have. Let me translate that so you'll understand: "Hurrrr derrrrrrrrrrrr"

Raving_Cute
Raving_Cute

You are wrong. It's solved the barter problem for the black market. You are a hyperbolist faggot.

kizzmybutt
kizzmybutt

One small niche and monero transaction volume really isn't that high. It's value is mostly based on speculation like rest of these shitcoins and they are all overvalued.

Attached: 1520648746377.png (50 KB, 466x264)

Disable AdBlock to view this page

Disable AdBlock to view this page

Confirm your age

This website may contain content of an adult nature. If you are under the age of 18, if such content offends you or if it is illegal to view such content in your community, please EXIT.

Enter Exit

About Privacy

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners.

Accept Exit