Bitcoin is less fungible than gold

zerohedge.com/news/2018-12-04/us-treasury-sanctions-bitcoin-wallets-first-time

Attached: A0C3D365-D11E-4999-B8CB-3CC87D90D2FE.jpg (1474x861, 268K)

Other urls found in this thread:

spendbitcoins.com/places/c/car-dealers/
zerohedge.com/news/2018-12-04/us-treasury-sanctions-bitcoin-wallets-first-time
99bitcoins.com/6-places-where-you-can-buy-cars-with-bitcoin/
youtube.com/watch?v=oJTb0t2AVes
twitter.com/SFWRedditGifs

And it isn’t anonymous.

is that supposed to faze me? punk. normies are gone, we are the early adopters.

Lol the guys at zerohedge not only have a massive implicit bias against crypto but realistically they do not understand it

Also zerohedge has some of the shittiest brainlet writing I've ever seen. Even as a result right wing paranoid retard with no journalism or writing experience I can even see that your average BuzzFeed writer has better prose than the zerohedge autists

Bitcoin is going to be banned once the dollar collapses. My Goldmoney holdings in Singapore cannot be made worthless retroactively.

They didn't catch the guys from their addresses, they figured out the guys identity first and then linked them to their address. This is not some sort of government has gotten control of an address remotely situation. Zerohedge are tech illiterate retards

When the us government bans bitcoin they will make it impossible for you to cash out into fiat.

Sort of like how the government bans heroin and makes it impossible to sell heroin right? I don't even see how this is relevant anyways you autistic lunatic

no shit jackass. how hard do you think that'd be to do to fucking anyone given all the metadata the NSA has?

These guys weren't traced by their addresses you moron. They were traced because they got sloppy and left a paper trail just like the silkroad autist that used the same online pseudonym on clearnet forums

us govt is bunch of boomers who think they control something. we are the Bitcoin economic majority and us military might is nothing compared to the ruthless proof of work carried on by miners in the digital realm.

How are you retards going to spend your bitcoin when you can’t get fiat for it? Nobody accepts bitcoin for payment.

You're right literally nobody accepts Bitcoin for payment this is 100 percent true you are so correct

Name a car dearship that accepts bitcoin you idiot.

they didn't "get sloppy" you fucking pile of garbage, it's literally impossible to not leave a paper trail. paper trail, metadata, same shit dummy

Actually it is possible if you're not a complete retard Satan trips. Actually believing the government is even remotely effective at anything lmfao

The government created bitcoin to distract Americans from gold.

Lol you actually believe the NSA is capable or competent enough to sift through millions upon millions of terrabytes to pinpoint anyone competent enough to cover their tracks? You should be more worried about a malicious actor hacking the NSA and dumping said data not the NSA itself. The NSA is a fucking joke, they're just collecting info so the real smart genius can destroy civilization

>Got in during 2016 and thinks he's an early adopter.

Y I K E S

That's funny because my crypto gambling habit hasn't really distracted me from precious metals at all in fact generally from my experience precious metal hoarders are mutually inclusive with cryptofags but keep trying with your autistic tinfoil hat bullshit

No that was just the gold price distracting Americans from gold.

Nice cherry picking

I can name a car dealership that accepts USD. Deal with it, BTC is only useful on the dark markets.

So it does have a use you moron. Really far cry from "nobody accepts Bitcoin as payment"

Youre a sub 90 IQ wise clearly cannot even stick to your guns

spendbitcoins.com/places/c/car-dealers/

Oops! Gonna move the goalpost now, conspiratard?

That was another user friend. Of course Bitcoin has use cases; they're all along the lines of doing illegal shit though

Which is exactly why it's a counter to the argument that the government is even capable of controlling a ban on crypto

>spendbitcoins.com/places/c/car-dealers/
Yikes. Triggered bag hodler. It isn't cost effective to pay for daily goods with Bitcoin. You're showing examples of ideologically driven transactions.

People don't sell heroin through banks and exchanges that turn over customer data to the Fed.

Lol impying you need a bank or exchange to trade crypto. Sup 2017fag conspiratard

You're arguing with someone else. Of course the government can't outright ban bitcoin, that's retarded. It can however do things that would tank the price precipitously, destroying miner incentives and market share. Bitcoin also isn't as fungible as some other privacy coins.

Nice goalpost move. How many goalposts we gonna go?

>Nobody accepts Bitcoin for cars!
>B but it's all ideology driven! It's not real!

Learn to argue, conspiratard

>zerohedge.com/news/2018-12-04/us-treasury-sanctions-bitcoin-wallets-first-time


i haven't been to zerohedge in a while, but they seriously fucked up with their new layout, site looks like shit now

The price is irrelevant retard. Crypto as a speculatory asset is another issue entirely but of course you 2017 newfaggots can only think in terms of maximizing profits like the filthy kike poorfaggots that you are

>Transferring money from banks to exchanges to trade crypto is a conspiracy

Retard

Never said it was, conspiratard. That's what we call a strawman.

>Non sequiter responses

WTF, you don't even make any fucking sense.

Imagine being such a smoothbrain to believe crypto transactions only occur on exchanges. You are actually low IQ if you cannot figure out why you're so stupid

RE: Car dealerships you're arguing with someone else again, of course people accept bitcoin for goods and services, but there's no _reason_ to do so outside of ideological compliance.

The price matters for adoption, if you don't understand that you don't understand miner incentive structures. Unlike (You) I don't care about the price, not invested in crypto atm, I like it because it's useful for the dark net markets and it's interesting technically.

>Making shit up

How's your job at McDonald's?

G O A L P O S T

First it's nobody accepts Bitcoin, now it's there is no real reason. Lmao so we can consider this argument over like you dumb shit that you are.

>No real reason
Except darkweb markets and moving funds without government interference or the prying eyes of banks, but of course you will change the subject or pretend that doesn't happen as usual

I get the impression you lost a lot of money recently. Yes darkweb transactions are the perfect (and only) example of why people need it. You don't NEED bitcoin to buy a car.

>normies are gone, we are the early adopters.
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

Okay so you admit just like heroin people will be able to trade Bitcoin in a black market regardless of whether or not exchanges are legal. Glad we agree. Lol I'm arguing with you at 2 30 in the morning on a Wednesday you honestly believe I'm a wage slave in any capacity? Ahahaha that's what we call projection from the conspiratard

Nobody accepts bitcoin without immediately converting it to dollars. Huge swaths of the world population holds gold see India.

There are a couple thousand bag hodlers that would like to have a word with you

>I get the impression you lost a lot of money

Projection/Ad hominem/strawman
*Yawns*

>You don't need Bitcoin to buy a car
Okay? But you can so its irrelevant. Remember when you were saying that you literally couldn't use it to buy a car? Lol ultimate goalpost fallicious retard you are

im glad i never got in it. i was getting really close to pulling the trigger on some bitcoin and other crypto meme coins but now i can see the wild west days are over and gov has stepped in so prices are going to straight to the bottom

Here's 6 shithead 99bitcoins.com/6-places-where-you-can-buy-cars-with-bitcoin/

Yes and? Who is stopping me from converting it to dollars? By the way I've already debunked the non existent exchange argument, because there will always be a black market demand for crypto

Yeah, keep on making shit up, loser. Your conspiracy theory that the illegal crypto market is huge won't convince anyone to buy your bags, LMAO.

It is relevant. Why would you USE IT if it's not the best option available?

Bitcoin is the best option for the darknet markets (or crypto at least) because you can't put cash in your computer and banks transactions are tracked.

>Insults, ad hominem, strawman

I guess we are done here. I win the argument as usual

>millions of terrabytes
why are you assuming they would think the same retarded way you do? obviously they would just pick the easy fruit by sorting through all the bitcoin/crypto exchange information. a list of all coinbase users and their bank accounts. see, now that wasnt so hard was it

>>The Government
Because the US has the biggest baddest government that will control everything and no other country or people will continue to buy.

*Tips fedora* Calling everyone conspiritards wasn't ad hominem?

Well, you're the one who's doing all that. Keep on being delusional.

>Bitcoin is the best option for the darknet markets (or crypto at least) because you can't put cash in your computer and banks transactions are tracked.

No shit retard

Delusional. Look at what happened when the SEC sneezed at bitcoin recently.

(You): "Stop using ad hominem :''''("
also (You) "No shit retard"

Yes it's required, everyone knows this and it's why it has value. But what else do you NEED bitcoin for?

Isn’t marijuana like 90% of the drug market? Isn’t bitcoin losing a huge usecase with marijuana legalization?

Most people on heroin are too stupid to figure out bitcoin.

Yes

Best option for people who don't mind risking going to jail, like gangbangers and drug addicts.

Say goodbye to half the drug market over the next 10 years.

Attached: AA66A7BE-9B0D-47CA-94B3-46B345FD9141.jpg (413x146, 22K)

Best option for WHAT? Outside of doing illegal shit, which I agree bitcoin has legitimate uses for, WHY DO PEOPLE NEED IT.

You all forget, that the government are also people like you and me.

No it's simply a supplement to an argument. Calling you a retard is not an ad hominem unless it's the basis of my argument, but it's not honey.

"No you!" You have no argument buddy.

You dont NEED fiat currency either. You can live in the woods and have sex with animals and eat berries, but I don't see how that makes fiat useless. Now where will you move the goalpost?

Because the NSA is a retarded goverment organization that is a profit driven scheme for bureaucrats and public employees craving comfy retirements and pensions. Just like all public employees most of them don't give a shit about their jobs

If I wanted to move money out of a corrupt dictatorship, I would absolutely use Bitcoin

>You dont NEED fiat currency either.
Guess I need to explain why people need a medium of exchange to you then. Yikes.

That’s the only reason bitcoin might survive since the USA is turning into a totalitarian state.

Illegal remittances got it. Any use cases that are legal?

Yes, I can buy a car with it. Decentralized applications are another feature of blockchain in general.

>"No you!" You have no argument buddy.

Bla bla bla. You're just grasping at straws.

>It's not a legitimate usecase because its illegal!

Okay so youre just appealing to authority now. I think it's clear you do not understand crypto. The entire point is that it is relatively tiresome for authority to take on, so the legality appeals don't make sense at all

why wouldnt you just use USD or gold? if you have a way of converting your shithole country fiat into bitcoin then you also have a way of exporting or converting it to USD

Grasping at straws? What do you want me to say? All you said is "no you" without an argument. At this point literally all i can do is call you a conspiratard

It's just not probable that is will replace the current monetary system. If the banks have the power to control global politics, the world economy, foreign relations etc, do you really think they will passively let an underground digital currency displace them?
The coin hasn't posed any threat to them yet and is really not much different that buying gold. Once it does pose a threat, it will be shut down pretty much immediately and it won't even be subtle or secretive.

Okay man you're right if I'm hiding money from dictator I'll just buy hundreds of thousands of dollars worth of gold and shove it under my mattress do you even have a brain numbskulll

I know you're just trolling, shithead. Go ahead and say whatever you want if it helps you sleep at night.

It can be both legitimate AND illegal. You keep dodging the question because you know it's true or you're being intentionally thick.

I'll say it again, what are the LEGAL use cases where bitcoin is NEEDED.

You can buy a car with it, but you don't need it to buy a car. Get the distinction? I'm guessing you're stupid enough to think turing completeness is valuable for smart contracts as well right?

I've already argued why crypto is impossible to "shutdown" so scroll up retard because I'm not humoring you

It's impossible to shutdown because you say it's impossible to shutdown, lol.

i dont think you realize thats exactly what those people do

>I'll say it again, what are the LEGAL use cases where bitcoin is NEEDED

Why does this matter? If I need to move money without a bank or centralized transactor like PayPal if they were to censor me. That's perfectly legal and needed. But I do not understand why you are obsessed with NEED because most things we do not NEED. We do not need credit cards or fiat, we can just trade vegetables, but we use it because we want to whether it's convenience or ideologically driven.

It matters because value comes from utility ;) Keep throwing your money away little buddy.

Well those people are stupid because a wallet key is easier to hide than hundreds of ounces of gold

It has utility, even you agree that it has utility in black market scenarios at the minimum so you're just contradicting yourself anyways. But I guess my example of crypto as an alternative to censor hungry transactional middlemen like PayPal or stripe doesn't exist either

youtube.com/watch?v=oJTb0t2AVes

Oh stopd! you'll make Suppoman cry!

You literally just admitted it has utility

Granted. Pressing on a different point, why would you want to be in invested in something that is so sensitive to new information? Its such an unstable asset in 10 years can you be confident that you'll have made a positive ROI let alone still have any of you cash? It seems like complete wishful thinking and a lottery mentality thinking where reason is out the window but you'll use every argument in the book to justify your urge for it to be real

Goldmoney. Buy gold and hold in Singapore.

Who says you necessarily have to hold Bitcoin? Bitcoin is simply a transactional method. Holding it is optional. You can exchange Bitcoin for other "stablecoins" or even precious metals but generally losing a percentage to market changes is preferable to losing all of it to an authority confiscating literally all of it.

And someone in Singapore can simply confiscate your gold holdings

monero

well they generally dont have hundreds of ounces of gold, usually the people stuck in shithole dictatorship countries are poor. or they are aligned with the dictator or ruling party, in which case they live opulently and have no need to hide their wealth

anyway usually the wealth disappears almost overnight once the currency goes to shit. its a tough situation, if you planned ahead its not like you can even use your retained wealth in any meaningful way because everybody will know you are holding wealth and somebody will rat you out for a finders fee. i know because i know people in south america that have had to live through it. you cant hide your *wealth* when everyone else around you is starving. people will notice who has food, who isnt suffering, who can afford to buy things. unless you plan on leaving the country, but most people cant just abandon their families or house at the drop of a hat, and usually shithole country with bad government blocks people from leaving. so you have to sneak out under risk of prison or death if you get caught, and then this is assuming you have somewhere to go and have the necessary papers and visas for your refuge country. it might sound easy if you are only thinking about your 20 year old self, but if you have elderly family members, siblings, extended family to take care of, its not exactly realistic

BTC is NOT fungible AT ALL
gold is perfectly fungible

Do you actually not realize there have been cases in human history where people have had their possessions taken from them? If the Soviets or some communist organization were threatening to redistribute my wealth I would absolutely liquidate as much as I can get for it

Singapore isn’t filled with a much of lunatics that don’t understand private property dummy. The people in Singapore don’t want gibs. If they decide they want gibs I’ll switch to Hong Kong,

Name a car dealership that accepts gold you idiot

You don't know that. You're not a psychic. Someone is perfectly capable of confiscating your remote gold holdings with enough power.

Singapore is the least socialist country on the planet.