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If crypto ever became the norm, what happens

 
Nyblazer
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05/17/2021 09:08 AM
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If crypto ever became the norm, what happens
To all of the mom and pop shops that aren’t savy in transferring and withdrawing crypto currencies and all of its intricacies?

What happens to folks doing work off the books? Surely now everything will be tracked digitally, because the only way it ever succeeds in mass is with gov regulation.

What happens when you go to a strip club and wanna get a laptop? Will you have to digitally transfer money to the stripper? What happens when your wife sees you’ve transferred some of your currency, since it’s now all transparent and traceable, to a strip joint?

Anyone else like to and any “what if” questions in the event crypto really did one day supplant fiat currency?
Nyblazer
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05/17/2021 09:11 AM
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Re: If crypto ever became the norm, what happens
What do you think?

Businesses are going to adapt.

Did debit card systems exist in all businesses before the 1980s?

UGH NOOOO

Businesses adapt and buy whatever equipment they need to operate

Stuff ppl that work a 9 to 5 will never understand
Anonymous Coward
User ID: 78639136
Germany
05/17/2021 09:17 AM
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Re: If crypto ever became the norm, what happens
it's a speculative tool to make more $ and nothing more.
A scam a pyramid scheme a ponzi scheme.

Far too unstable to use as a currency.
Nobody wants to deal with that which is why economies collapse under hyperinflation.
Off Grid AZ

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05/17/2021 09:20 AM
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Re: If crypto ever became the norm, what happens
At the strip clubs it'll be a barter system - you want a laptop, you first have to give her one.

ohyeah
Unjabbed and Off Grid
Anonymous Coward
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05/17/2021 09:22 AM
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Re: If crypto ever became the norm, what happens
The elite will lose power.

They won't let that happen.

They are confusing everyone by pumping shit coins and attacking world changing real Bitcoin.
Beyond

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05/17/2021 09:24 AM
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Re: If crypto ever became the norm, what happens
If crypto ever became the norm, what happens
 Quoting: Nyblazer


The concept of money no longer works.

Last Edited by Bankroll on 05/17/2021 09:24 AM
Not anutter cig nature.
Nyblazer  (OP)

User ID: 32517190
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05/17/2021 09:26 AM
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Re: If crypto ever became the norm, what happens
How exactly will suppliers be able to ever offer stable prices on their goods or services given the payment is so volatile?

How will banks give out loans with such an unstable form of currency? Your mortgage value could rise and drop dramatically any given time.

Hell, you could sit down to lunch and one minute somehow end up paying anywhere from 10-20% more or less for your meal then you expected when it’s all said and done.
Nyblazer
REaliZe

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05/17/2021 09:26 AM

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Re: If crypto ever became the norm, what happens
What happened to the mom & pop shops this past year?

They forcibly closed them.

You think accepting a different form of money is the challenge facing these shops? No. It’s called tyranny.
There's. A. H0le. In. The. Sky.
Anonymous Coward
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05/17/2021 09:27 AM
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Re: If crypto ever became the norm, what happens
This is like saying "what happens if internet becomes the norm" in 1995.

Of course at the time it sounded crazy, but now everyone uses it and every mom n pop shop has a website, online ordering/booking, etc.

Same with POS terminals for credit and debit cards.

Same with telephones in the 1930s.

Bottom line is as the old generation phases out, the new generation that does see the value in emerging technology integrated it.
Nyblazer  (OP)

User ID: 32517190
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05/17/2021 09:28 AM
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Re: If crypto ever became the norm, what happens
it's a speculative tool to make more $ and nothing more.
A scam a pyramid scheme a ponzi scheme.

Far too unstable to use as a currency.
Nobody wants to deal with that which is why economies collapse under hyperinflation.
 Quoting: Anonymous Coward 78639136


This is it.

As much of a hater I am of crypto I’m beginning to understand it’s value as a speculative investment, but that’s basically all it is. It’s a bet that it will increase over time for any given reason and hope you can profit in fiat dollars over time.

But it can never be a sustainable mass currency without regulation. It’s not plausible
Nyblazer
Nyblazer  (OP)

User ID: 32517190
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05/17/2021 09:34 AM
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Re: If crypto ever became the norm, what happens
The elite will lose power.

They won't let that happen.

They are confusing everyone by pumping shit coins and attacking world changing real Bitcoin.
 Quoting: Anonymous Coward 80371922


Confusing everyone how?

If anything they are displaying the fact that currency needs regulation whether we like it or not. You can’t have a mass currency with these types of fluctuations at any given time randomly. You need some form of stability in currency. The fact that Elon tweeting some bullshit can cause this currency to drop in value 10-20% just from a tweet kinda exemplifies the problem here, and the reason it’s not plausible
Nyblazer
Nyblazer  (OP)

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05/17/2021 10:02 AM
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Re: If crypto ever became the norm, what happens
bump
Nyblazer
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05/17/2021 10:15 AM
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Re: If crypto ever became the norm, what happens
To all of the mom and pop shops that aren’t savy in transferring and withdrawing crypto currencies and all of its intricacies?

What happens to folks doing work off the books? Surely now everything will be tracked digitally, because the only way it ever succeeds in mass is with gov regulation.

What happens when you go to a strip club and wanna get a laptop? Will you have to digitally transfer money to the stripper? What happens when your wife sees you’ve transferred some of your currency, since it’s now all transparent and traceable, to a strip joint?

Anyone else like to and any “what if” questions in the event crypto really did one day supplant fiat currency?
 Quoting: Nyblazer

once that happens, they will just shut off the power and everyone will be broke. It will all be gone.
World wide civil wars. Governments will fall.
Then the NWO/Globalists can rebuild it all however they want to.
Anonymous Coward
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05/17/2021 10:22 AM
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Re: If crypto ever became the norm, what happens
The elite will lose power.

They won't let that happen.

They are confusing everyone by pumping shit coins and attacking world changing real Bitcoin.
 Quoting: Anonymous Coward 80371922

Who you think are the "elite", truly are not the Elite.

They are about 2 steps down from the true Elite.
You never see the true Elite, they keep themselves hid. You only see their minions or the ones that are there to deceive you.
That way they can not be blamed when things crash. No one will be hunting them down, because no one really knows much about them.
The perfect plan.
Anonymous Coward
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05/17/2021 10:23 AM
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Re: If crypto ever became the norm, what happens
To all of the mom and pop shops that aren’t savy in transferring and withdrawing crypto currencies and all of its intricacies?

What happens to folks doing work off the books? Surely now everything will be tracked digitally, because the only way it ever succeeds in mass is with gov regulation.

What happens when you go to a strip club and wanna get a laptop? Will you have to digitally transfer money to the stripper? What happens when your wife sees you’ve transferred some of your currency, since it’s now all transparent and traceable, to a strip joint?

Anyone else like to and any “what if” questions in the event crypto really did one day supplant fiat currency?
 Quoting: Nyblazer

once that happens, they will just shut off the power and everyone will be broke. It will all be gone.
World wide civil wars. Governments will fall.
Then the NWO/Globalists can rebuild it all however they want to.
 Quoting: Anonymous Coward 80371378


This is part of their plan. In addition to no physical transactions and social credit score tyranny. If you do not comply, you will be punished. We must resist this type of system at all costs
Gabriel~

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05/17/2021 10:24 AM
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Re: If crypto ever became the norm, what happens
What did businesses do when debit/credit systems and the internet first came out? It took several years to adapt, but business is Darwinian, so it either always adapts or dies.

Crypto is likely going to be mainly used to purchase things online. I suspect plastic RFID cards and things like apple pay will be here to stay for a while… as will cash.

I sincerely doubt most people will bother with crypt just for things like buying a coffee. It’s just too much of a hassle compared to tapping a debit card.

Last Edited by Gabriel~ on 05/17/2021 10:26 AM
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