I am what you kids would call a nocoiner. There doesn't seem to be any legit use for crypto and the only people who will accept them are for illegal means. My instinct tells me that this entire thing is a scam.
I am asking you to convince me otherwise. I am open to trying to understand why anyone has interest in this internet money
>only people who will accept them are for illegal means.
it does have a use, you just don’t want to accept it.
No. Leave
The cryptocurrency subreddit will love you.
If you can’t see how blockchain could completely overhaul the financial services industry and government public record keeping, you are the ultimate boomer.
Who cares what it does. You buy it and then sell it more than what you paid for it. Worrying about "use case" and "tech" is for the faggots of rèddit
The responses to OP is why crypto is doomed to failure. All you people want this to moon, but unless you get normies on board that will never happen.
To answer OP, this internet money basically lets you truly own your own money instead of the banks and the fed controlling your money.
>There doesn't seem to be any legit use for crypto
and that's why you invest now you fucking retard because it's too late once everyone uses it holy shit you're retarded
This. I f you arent ballsdeep into btc. Whats the points of posting here.
>but unless you get normies (which have no money) on board that will never happen.
Imagine being this retarded
>doesnt see any value in the possibly biggest invention since fire which is an asset the feds CAN NOT seize from you, making jews obsolete
imagine going through life this dumb lmao.
Bitcoin is an infinitely divisible, fungible, sovereign, borderless, deflationary, relatively instantaneously transferrable, unseizable store of value and (if LN gets its shit together) actual method of payment. It has a lot of problems but is absolutely a new paradigm in the history of money, storage and exchange of value.
Most altcoins are memes but smart contracts platforms and projects that extend their utility have a chance of being the Next Big Thing. Ethereum is the only dog that matters in this arena. At least for the time being. Smart contracts at the moment are shitty and only good for issuing scamtokens. In the future it is possible that they can automate much of the legal, organizational, middleman-type work within and between businesses which right now costs them an arm and a leg.
None of this shit is a sure thing, but future applications of the technology are very promising for the reasons aforementioned. I would recommend you hold small bags of BTC, ETH, and LINK (if you're feeling feisty), and ignore the rest of the space for a few years. BTC and ETH are the closest things the cryptospace has to 'mature products'. Everything else is hype, vapor, and pure pump-and-dump speculation, and you're wise to distrust it.
lmao @ ignoring monero though. it has more use case and adoption going on right now than everything you mentioned
That sounds interesting. Does anyone accept it though? Seems like a lot of good ideas, but if it has no utility how is this going to turn into a reality.
My mistake actually. True that XMR is probably the most likely crypto to stick around even if the rest of the space gets nuked to oblivion and back, since people will never stop buying drugs off the internet. But in a new bull run, within a new regulatory framework, I see XMR and other privacy coins potentially getting hobbled and not gaining with the rest of the pack. A lot of money in the next run is going to be from institutions and they may elect not to touch a coin that is getting extra gov scrutiny / has a reputation as a coin for criminals.
Frankly as a store of value proposition, nobody needs to "accept" it except exchanges and other buyers looking for a store of value. It's not like you pay for your coffee with a gold ingot either. Right now while technically possible to buy everyday things with bitcoin, the tx fees and wait time and lack of storefronts that will accept it makes actually paying with BTC (or any other crypto) sort of a joke at the moment. It's fine for buying expensive, shady graymarket shit online (though not black market shit since BTC is traceable). It's possible that once the core devs get segwit and LN fully implemented that bitcoin will actually become a robust payment option. We're not quite there yet. But, we never need to GET there for bitcoin to have long-term value. It could stay as 'digital gold' with tx fees of $10 and transfer times of 2 hours forever, and it would still have value due to its borderless, deflationary, unseizable properties.
Basically, bitcoin already has all the utility it needs to retain and, likely, increase in value in the future. The total market cap of all gold is $7.8T. If BTC reached 10% of that figure we'd see a price per coin around $50k.
>feds cant seize bitcoins
what is silkroad
>Boomer instinct
But if right now and maybe forever it is just digital gold, why not just invest in gold?
i am a nocoiner, but only because i realized i was pretty late to the party in November
Newegg, Amazon, Home Depot, Overstock, and many more sell illegal shit? Buying and selling things privately is illegal? Long term hodling for mathematically proven gains is illegal?
WHAT DIMENSION ARE YOU FROM!?
Enjoy missing the biggest thing since the introduction of the fucking gold backed dollar you stupid, filthy nocoiner.
>I am open to trying to understand why anyone has interest in this internet money
Your instincts are right. Technological and use case barriers are preventing crypto from being adopted. Right now it’s propped up by retail speculators, most of whom are no different than religious fanatics due to survival bias.
It is the future, the same arguments you have against are the same ones everyone used when everyone switched to 99% digital cash with plastic cards.
Greater fools theory.
You talk like a fag. Crypto is the digital Jew and you're just another typical white Zionist for spreading this disease to other whites.
Digital is the new frontier. BTC/alts are the introduction of natural resources.
No, you are absolutely right. Coins and tokens are scams. There is one single exception: bitcoin.
Think of crypto as a transitional currency to move fiat around international borders much more quickly and cheaply than conventional channels. It’s extremely difficult for governments to control. The use case so far has been mostly for illegal transactions, but it’s also useful for legit international business and personal transactions or for travelers who can use it via debit cards and atms.
Went to the store and had my phone but forgot my wallet. Could literally have paid in crypto and moved on with my life without needing some bullshit app hooked up to my credit cards
>> A lot of money in the next run is going to be from institutions and they may elect not to touch a coin that is getting extra gov scrutiny / has a reputation as a coin for criminals.
You mean just like BTC?
You sound like a redditor telling people to invest in “blue chip crypto” as if such a thing exists. It doesn’t. IMO, Monero, BTC, XLM, Holo, and maybe LINK have the brightest futures in this space at present, while I think ETH’s bubble will burst due to scalability issues, an arcane programming language no devs want to use, and superior competing tech, but who knows how any of this will shake out in 5 years.
What is the value of obsoleting ATM's and branch banks? Literally incalculable.
Gold is less convenient than btc, as btc is eating http eating telephony. Marconi also invented quantum holography. Teleporters would make gold more convenient as money, but at that point gold is common and not difficult or expensive to mine. Btc rarity, mathematical preciousness, is much better defined.
Of course trustlessness and decentralization feels bad to bug baby boomer. Because they hate without cause, like all Satanist order following locusts do.
An entire generational cohort of ideological Satanists wondering what went wrong ironically.
What store were you at that accepts crypto as payment for goods and services?
lets say you're in the year 2030, and you're a kid and you have no bank account yet.
Someone wants to send you money. Do you take an appointment with the bank which will take a few hours or do you download a wallet in 2 minutes and get your money?
Imagine you have 1 million $. Do you leave it in your bank account where any jew can take it, sue you for it, seize it, etc, or do you leave it in crypto where no one can ever steal it as long as you're not retarded?
If you can't see why crypto is better than fiat, you deserve to stay poor my friend.
This, normalfags have less money than the average user on Jow Forums. They're debt ridden fools.
I appreciate you