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[–] KoKansei 0 points 10 points (+10|-0) ago  (edited ago)

Cryptos are a fucking scam to sucker people out of their money who think it'll replace fiat. It has no intrinsic value

As opposed to the dollars in your wallet? As opposed to a shiny metal? Get real!

People have been saying bitcoin is a scam since 2010 and they have been consistently wrong. Ask yourself: do you understand how bitcoin works? How it is designed? Have you read the whitepaper and come to your own informed conclusions?

If the answer to those questions is no, then you are deluding yourself. Cryptocurrency is the greatest threat to central banking that has ever existed and you're here denigrating it because "muh tangible precious metals." The Federal Reserve loves people like you who don't even recognize the Ring of Power when you hold it in your own hands.

Sorry for the harsh tone but it pains me to see so many people who are aware of the current central banking scam turn away from such a powerful weapon because they refuse to consider anything other than precious metals as a viable hard currency. For what it is worth I agree completely with you that central banking is the greatest evil of our time and pretty much all of the dystopic bullshit that we see today (the subversion of higher education, usurpation of wealth by the unproductive, government-directed wars, etc.) would be curbed almost completely by the death of central banking.

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[–] Cantilever [S] 3 points 0 points (+3|-3) ago 

Except the Fed will classify it as an asset and tax it accordingly

I know exactly what the fuck I'm talking about when it comes to cryptos

All it'll take is the stroke of a pen to stop crypto. Think you have your encryption and anonymity to save you? How you gonna pay rent or buy groceries and pay utility bills anonymously? The NSA sees everything and so does the IRS. They're allowed to share data now thanks to obama

There is no case for decentralized crypto to flourish. You think the Fed is just gonna take that shit lying down? LOL!

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[–] KoKansei 0 points 6 points (+6|-0) ago 

You are just plain wrong and clearly haven't done your homework or are tech illiterate.

All it'll take is the stroke of a pen to stop crypto.

Russian and China tried to regulate / legislate away bitcoin and failed. The only way "they will just ban crypto" makes any sense is if you believe the government is omnipotent, which it clearly is not. Even the highly repressive socialist regime in Venezuela cannot contain it.

The NSA sees everything and so does the IRS.

If you actually believe this I don't know what to tell you. There are many well-documented ways to remain anonymous with bitcoin and many other coins include enhanced privacy features that make it easier for non-technical people to retain their privacy.

There is no case for decentralized crypto to flourish. You think the Fed is just gonna take that shit lying down?

Then why has the market exploded from 20 billion to 500 billion in a year? Why are people in China and Venezuela using it to get around capital controls? Why are people in the US and Europe using it to buy and sell things that the state does not approve of?

I was trying to give you the benefit of the doubt since you are at least wise to the central bank scam, but for christ sake man do your homework before making yourself look like an idiot on here.

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[–] mama_shoe_maunda 2 points -2 points (+0|-2) ago 

i feel like the bankers have fully caught on to how much of a threat crypto$ really is and they r now actively pushing to pop the bubble. And i have no doubt they will succeed...

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[–] KoKansei ago 

Some of them know, but most of them are clueless and panicking. It's very funny to watch.