3 fatal flaws with digital crypto currencies in their present form....

Hard to argue with the logic of a bible tard...

Wasn't the mark of the beast social security numbers? And then credit cards? And then QR codes? And now bitcoin? Wonder what the next mark of the beast will be...

I read somewhere that there are 3 fatal pitfalls with a digital bit-coin

#1 In GOD Nobody We Trust

If you think the Global elite bankers are going to sit on the sidelines and let this take over, you are crazy. They are playing us all as fools.
yea your right but what can they do about it? nothing. we trust in each other.

#2 No Guarantees
Exchanges have already been hacked and stolen
and... what is your point?

#3 No Inherent Value
Just like there is no longer any value in the Fiat Currency we currently use, there is certainly no value in ones and zero's sitting in cyberspace..... Tell me, what is a fair price? A price based on wild speculation??
does not deserve a response

If you think The Powers that Think They Be are going to sit on the sidelines and let this take over, you are fooling yourself. they are behind this all the way. Just go look at the cover of the Economist magazine from 1988

(unable to paste link from silver doctors commentary)..... /headlines/world-news/world-cryptocurrency-not-gold-backed-yu​an-in-light-of-the-1988-economist-magazine/
Snip "It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes."

Is the value of Bitcoin the value of the flood of monies into the coin? Is this what it is worth? Pure Speculation!

Money that floods into these coins at a break neck speed, is this what gives it its value?

This is the stuff panzi schemes from the 80's were made of, (except now they live in digital world), those who get in early rake in the money from all the suckers, er people who got in late. They tout how they got rich (off OPM) and are living fat n happy now.
WOO HOO - Good for you, for getting in and getting out. Raking in profits on the suckers who came in behind you. Do you truly wear that badge of honor proudly? Do you look down on others who didn't get in? Couldn't get in? Or had the sense that something wasn't quite right with it?

A digital drug, intoxicating to those who jumped in early, those watching and are tempted to jump in now, and to those in control.

The Committee Called "They" call this a currency, Why? How is that possible?

How can there be price stability in a digital currency that has no limits and that is not backed by anything tangible?

The true definition of currency is to exchange one medium for another. Is this not suppose to be with some sort of stability?

If the value of the dollar right now is tagged to this crypto currency, then we are truly witnessing the de-value of our money right before our eyes.

For every dollar that floods into this 'currency', sucks the life blood away from the masses and makes people more dependent on a digital world and now not only a slave to the debt system we currently live in, but now a become a digital slave, more intwined in the wicked web we all helped weave....

You should be proud of your action.

We all know wallets can be stolen, hacked and now the pickpockets can do it while sitting in the comfort of their chair.

Help usher in the new age of coin, it will be implanted on the back of your hand soon enough, where else would it be safe?


But what do I know, this is just my 2 cents which, in my opinion, is worth more than any digital crypto coin...

Put your Trust in Jesus, the End is near....


IMHO

Totally agree with you. I watch a video about the
crypto currencies and what all the flap about that
robot getting "citizenship" in Saudi Arabia...It's
about A.I. taking over--it was very alarming and I
hope it isn't true. Otherwise, we are at the beginning
of THE MATRIX...and we ALL know how that ended up!


O'sCookie

This, this, THIS. I cannot comprehend with even ONE microscopic piece of brian matter why folks are flocking to digital “bits”. Whether tangible assets, or crypto dreams, it’s all gone soon.

Why...just, why?

PURE GREED

this thread is full of clueless retards.

cryptos ARE the future. If you understand what blockchain actually is you'd realize its the most secure and amazing form of currency ever created. it's the fucking future.

Boom. That’s /thread.

But seriously, I’m not being antagonistic at all - I love to debate. However this is truly one subject that I simply and flat out find humorous. I hear how many on this site are against the handlers and fiat currency, yet buy into a new and unknown “digital fantasy world” to then trade in for...drumroll...fiat currency!

Indeed, greed.

the value is the protocol as a trustless medium of exchange that sustains itself with no central actors by providing incentives in the form of people mining/staking/running master nodes.

platforms for video media, music, file transfer, contracts can be built on top of it and their are countless examples but i doubt you will look.

THAT'S THE VALUE!!

do you not pay endless transaction fees at banks to do some of these very things?

the value is the protocol as a trustless medium of exchange that sustains itself with no central actors by providing incentives in the form of people mining/staking/running master nodes.

platforms for video media, music, file transfer, contracts can be built on top of it and their are countless examples but i doubt you will look.

THAT'S THE VALUE!!

do you not pay endless transaction fees at banks to do some of these very things?

this thread is full of clueless retards.

cryptos ARE the future. If you understand what blockchain actually is you'd realize its the most secure and amazing form of currency ever created. it's the fucking future.

Crypto is tempting as hell.

I'd love to turn $50K into $60K overnight.

I'll stick with precious metals. Silver and gold are tangible and will be money throughout the ages as they always have been.

I think copper jacketed lead is the best way to invest.

I have silver. I have gold. Nothing ensures the value of both like copper jacketed lead. Your delivery system may vary. Mine tend to be sent at supersonic speeds should such be required for those wishing to take them. I also have some that travel subsonic through a can to protect my hearing....if need be.

You beating a dead horse
The anti crypto crowd aren't smart enough to see what's going on. Most people aren't.
You and I know it's a new hardware/software/protocol layer forming on top of the existing internet , it's the foundation of internet 3.0.
Everything becomes decentralized ...everything. Everything will be encrypted. Value becomes a routable medium just like data. Lightning-"like networks reduce the complexity of value transaction bringing exponential efficiency and enabling real micro payments in the form of value streams .
Best benefit is censorship and control become conecepts that no longer even apply.

This is an exhausting argument used over and over again. We are all f*cked if the grid goes down. Your cash will not be good either. If it gets too bad, people won't want gold or silver either. Food, water, and shelter will be the currency.

Thanks for the clueless assumption in my apparent misunderstanding.

What basis is your “currency” anchored to, and how is it the future? If you tell me it goes against all fiat control, I’m listening.

Why don't you go read the whitepaper so you actually understand what it is and how it works , instead of me having to beat a dead horse to someone who doesn't even understand the technology. It's too much to type.
Yes I believe it will eventually render tradition fiat systems obsolete. Not in its current form , we need side chains and lightning networks , we are probably 5 years off from that, and 7-10 from major adoption phase .

As you all bitch an moan super computers make Millions

Get out your dumbrellas. It's raining stupid in this OP.

DOnt you think the rothschilds could just buy all the bitcoin that exist ? how do we know they havent already i mean minus the ones on your precious usb of course ? They got trillions how much bitcoin is there ? you do the math what was the value of all the bitcoins one year ago ? get it ?

Coinbase is the number one app on the Apple Store now , get it?
do you see the volume being traded daily on the exchanges.

Boom. That’s /thread.

But seriously, I’m not being antagonistic at all - I love to debate. However this is truly one subject that I simply and flat out find humorous. I hear how many on this site are against the handlers and fiat currency, yet buy into a new and unknown “digital fantasy world” to then trade in for...drumroll...fiat currency!

Indeed, greed.

[link to www.theguardian.com (secure)]

The Futures are here....