Explain to me why removing banks and governments from the monetary system is or is not the future...

what I mean is banks sometimes block the ability to send money to certain countries, make it difficult to open accounts for certain people, etc. bitcoin doesnt give a shit about any of that

on localbitcoins you can literally sell your bitcoin to anyone straight up for cash

>if

worthless hypotheticals

every system gets corrupted over time

bitcoin looks like it will free humanity, from the shackles of fiat money and bitcoin probably will eliminate all of its competitors and rain supreme as the single global currency, but then it will get corrupted and there is nowhere else to go.

>The bear will leave its cave forever.

yeah.. thats not the main function of a bank though. The main functions of banks are lending, securing and investing money, transactions is a more recent and modern thing that banks adopted, they don't even care about that

ah yes, the classic selling thousands dollars worth of money with random Slavs and Pajeets from the internet that will probably knife you and take your wallet

The more people adopt it the less volatile it is. Bitcoin's volatility problem comes from banks and hedgefunds. Yes, it's difficult to gain critical mass but it will happen.

I don't really care if you believe it or not. I'm talking about how Bitcoin is functionally better than traditional currency. The prob;em is adoption.

> Decentralized p2p banking
> Multi-asset back currency
> Electronic democracy without dumbasses, crazy faggots or criminals
This is what a decent society should strive for, too bad you are FAR from decent.

define corruption. it is a decentralized computer program run by tens of thousands of computers. it has never been hacked despite people trying every day, and likely never will

you keep using the word "adopt" but you don't know what that means. Random neckbeards and pajeets buying bitcorns from coinbase isn't adoption. Adoption is when actual shops accept it. Speculators will always ruin any prospect of adoption. The more it gets adopted the more people will fomo in for profits and will increase its volatility and reduce adoption

No end user, no real scarcity. There are infinite types of coin.
The whole crypto con thing reeks of greater fool fallacy. They are inherently worthless.

still a selected group of programmers control the source code.
or some group with a lot of bitcoin can manipulate the market value and start panics.

who knows
I just know all systems and institutions get corrupted over time. Give it enough time and you will have child rape scandals.

>yeah.. thats not the main function of a bank though. The main functions of banks are lending, securing and investing money, transactions is a more recent and modern thing that banks adopted, they don't even care about that
i don't understand what the fuck you are arguing here. who gives a shit if banks are setting up investments or loans involving bitcoin? how does that hurt it?

>ah yes, the classic selling thousands dollars worth of money with random Slavs and Pajeets from the internet that will probably knife you and take your wallet
it's just an example mongo. you can sell your bitcoin to literally anyone for cash. it doesn't have to be through Coinbase or any of the newb sites that require your passport

>still a selected group of programmers control the source code.
nope. there are programmers who work on bitcoin, but it requires 51% consensus of the miners on the network to actually implement any changes
>or some group with a lot of bitcoin can manipulate the market value and start panics.
this is true

Weren't there some stores in the US that were allowing Bitcoin? I think Mr. Robot got it right that since the dollar is basically the entire worlds alternative currency as soon as the dollar gets fucked up enough people will switch to crypto en-mass since there'll be a gap in the market to make it accessible for normies and not only usable by autists who sit at their desktop all day.

you literally said in OP that bitcorns will remove banks... how will bitcorn will remove banks if the main functions of bank would still exist? if somehow dollar got replaced by bitcoin, banks will simply become bitcoin banks and work the same way they do now

>you can sell your bitcoin to anyone for cash without passport
which would count as money laundering which gov wouldn't allow so we are back at square one of gov not allowing this to replace dollars

but it really isn't.

No, adoption is when regular people use it, regardless of what they're using it for. Even if stores don't adopt it Bitcoin would still be useful as a backend for transactions to accomplish something like Venmo or Patreon.

like the miners can understand or predict the impact of the changes these programmers make.
maybe the mining power itself gradually concentrates into a few hands

no thats not adoption. the purpose of currency is to buy and sell stuff. sending shitcoins between exchanges and wallets isn't adoption in any way or form. Real adoption is when people use the coins to buy or sell actual stuff and services

Right now you are at the mercy of a third-party to perform any transactions that do not occur in person. You should not be okay with someone else dictating who you can give your money to.

Because the value is still determined by fiat

>you literally said in OP that bitcorns will remove banks... how will bitcorn will remove banks if the main functions of bank would still exist? if somehow dollar got replaced by bitcoin, banks will simply become bitcoin banks and work the same way they do now
i clarified here, sifu:
what i mean is the bitcoin allows people to participate in the monetary system, by storing and sending money safely, without having to use banks. and it's indiscriminate, so bitcoin won't tell you can't open a savings account because you're from Iran

>which would count as money laundering which gov wouldn't allow so we are back at square one of gov not allowing this to replace dollars
hahaha what the fuck? explain how selling bitcoin for cash is money laundering. jesus christ

You are mistaken, adoption is usage. You're just defining the point at which Bitcoin becomes currency. It still has utility and can be adopted without being currency.

The Russian site has more legitmacty and respect than fucking coinbase.

Alright explain to me why chain link will be worth something one day?

you are transferring undeclared sums of monetary value, thats money laundering. There is a reason you aren't allowed to carry undeclared cash through airports
>adoption is usage
usage for what? what do any bitcoin holder uses bitcoin for? nothing. they just buy and sell them for fiat, they just transfer them from wallet to wallet, thats not adoption. If that is adoption then casino tokens have adoption too

what would the price movement have to do with it?

if you can buy something priced in US dollars, then US dollars are money

>usage for what?
As I have already told you, decentralized transfers of wealth. I have sent Bitcoin to people which they have then sold in person for fiat. This allows me to make transactions without using a bank.

you still don't get it... all you do is convert it back and forth to fiat..because only fiat matters. bitcoin by itself is useless because you can't buy anything with it, because it has no adoption

>be crypto

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Let me ask you, with fiat currency how do you make transactions that are not in-person without using a third-party?

a bitcoin is ALSO a third party you fucking galah
I can't smoke it or wear it or solder with it or even build a mirror. it's useless without being connected to a globalist network. it's all a big scam and you are a shit cunt

Exchanges can manipulate internally ala the whale of mtgox. Also security against human stupidity is difficult.

If you think your government issued funbucks are more real than bitcoin then you got conned by some Jews really hard.

with who are you doing these transactions? with random people? real transactions are when you are buying and selling stuff

What's the point of a smart contract if you can just tamper the input data. Chainlink allows for tamper proof smart contracts, essentially making them functional in the real world

You can get a car for less than $2,000 if you go to repossession or RICO auctions.
Because Jow Forums users will buy into a fad crypto and then shill the fuck out of it on Jow Forums in a poor man's attempt to pump-and-dump, to avoid buying high and selling low like they always do.

okay, you're either an NPC or a shill, so let's change the subject

what are your thoughts on using Blockchain for voting?

Scenario: You need to instantly transfer wealth to someone on the other side of the country without meeting them in person and without using a third-party. How do you do it with fiat currency? The spoiler is that you can't, but I have done it several times with Bitcoin.

blockchain can be useful if its applied to anything other than currency
you just described the remittance market, when people transfer money between friends and family, a market that exists exclusively to third world immigrants. Also, why in your scenario it MUST be without using a third-party? how is a third party gonna affect the transaction of a normal person transferring money to his family or friend in any way? it wouldn't, your scenario only has value if you are some kind of political activist trying to hide from the government for some shit, this doesn't apply to any average normal person that simply wants to make a transfer

stop replying to shills

>how is a third-party gonna affect the transaction?
Ask any of the people banned, frozen, or had their money seized from Paypal and Stripe. You also didn't answer the question and are just trying to dodge. Say it with me: You cannot make instant and non-direct transactions without placing your trust in a third-party to complete the transaction for you.

>anyone that doesn't agree with me is a shill!
You are a neet neckbeard that invested all his savings in bitcorn and can't fathom the idea that its something useless. ironically you are the one shilling for it anywhere you get the chance

If SHTF and the economy implodes, you won't even have computers to bitcorn with. You'll be lucky to find food and safety. Get it?

You still haven't answered my question. How is having no third party in any way useful for the average joe that will lead to mass adoption? You said it yourself too, the only reason to use bitcoin is for people that have their money banned, frozen or seized AKA criminals or political activists or nazi larpers. How is that is any way relevant for the average person? How is that of any use for the masses? Its not

crypto is really an answer to this problem
>the avg govt issued fiat currency only lasts 180 years before its worthless and no longer used anywhere

because the monetary systems in current use were created by people no longer alive today and since we actually have the access to massive amounts of information anyone who goes looking will tell you that all fiat is rooted in some form of ill reasoned scammery via a cabal of subversive kikes.
because thats the way the world is, crypto came along to take the power away from these subversive kikes. since a decentralized monetary system is the ONLY way that these ppl fuck off for good.

>you can tell how much a man hates the jews by how much crypto he is holding

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>you are transferring undeclared sums of monetary value, thats money laundering. There is a reason you aren't allowed to carry undeclared cash through airports
retard, you only have to declare amounts over $10,000 at the airport when you travel internationally because those amounts of money are suspicious and indicative of criminal activity. you could be carrying for it for a totally lawful purpose, and that's the reason for declaring it. selling Bitcoin for cash is completely legal, and the IRS has said so about a million times. you just have to make sure you pay taxes on earnings

irs.gov/businesses/small-businesses-self-employed/virtual-currencies

ofcourse its legal for you dumbass, you are poor neckbeard that will sell few grand of his grandmas savings, those money aren't even taxable so they would be legal. Try selling hundreds of thousands worth of bitcoin without declaring them, that will be tax evasion and at worst money laundering

It's not going up, you've lost money while some 16 yo have gotten rich. Deal with it user and move forward.

>being willingly ignorant of market cycles

t. europoor

That's not really accurate for most happenings. When third world shitholes start seizing money from banks people buy bitcoin to store their wealth because provided they have it properly secured you can't take it from them except by force. If shit hits the fan to the point that we have no computers then your fiat currency will be worthless too.

bitcorn lost more value in a single year than dollar has in a century from inflation

complete decentralisation and deregulation would be anarcho-capitalism, meaning money is not stable like bitcoin and financial crisis that happen way more often than now

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Plenty of people have been wrongly frozen from services like Paypal. They freeze charities all the time. I cannot fathom why you would actively support them as you currently are unless you have a financial incentive.

hahahahaa you said like 3 times in this thread that it's money laundering. thanks for proving you're a complete moron

you are still missing the whole point. I never said it has 0 use, I said it has no mass adoption use. Thats the whole argument of this thread, about MASS adoption, not LITTLE adoption. Tell me a single thing abouth bitcorn that will help the average joe in any way that will lead to mass adoption

yes retard, its either money laundering or tax evasion, depending on where you found that money in the first place. But don't worry, you moron will never commit tax evasion or money laundering, you are just a poorfag with 600 dollars in bitcorn, nobody cares about your pocket money pajeet

>I never said it has 0 use
>usage for what? what do any bitcoin holder uses bitcoin for? nothing
I'm out, I don't want to deal with a blatant liar right now.

>yes retard, its either money laundering or tax evasion, depending on where you found that money in the first place. But don't worry, you moron will never commit tax evasion or money laundering, you are just a poorfag with 600 dollars in bitcorn, nobody cares about your pocket money pajeet
good lord you're retarded

so you avoid my question again? because there is no answer. Tell me a single thing that will lead bitcorn for mass adoption. You literally have no answer for this, your only arguments are very specific scenarios of people getting persecuted, something that doesn't affect the MASSES, bitcoin will always exist for criminals and drug dealers and nazi larpers, nothing more than that

I like how your replies are progressively getting dumber and dumber. Obvious poor pajeet is obvious. Now go back at Jow Forums to shill the latest poocoin you got shilled by other pajeets to throw your grandmas savings

as expected, cryptoshills got BTFO and can't make any argument to refute me, run back to Jow Forums pajeets

it's hard to talk to a retard. but here you go:

>its either money laundering or tax evasion, depending on where you found that money in the first place. But don't worry, you moron will never commit tax evasion or money laundering, you are just a poorfag with 600 dollars in bitcorn, nobody cares about your pocket money pajeet
this is completely wrong. the SEC/IRS treats bitcoin the same way as a security. if you trade it, it's a taxable event and you report it to the IRS at the end of the year. it's completely legal. it's not money laundering. that doesn't even make sense. it doesn't matter the amount you buy or sell (it could be $1 or $100,000,000). yes, of course if you evade taxes, that would be illegal. just like if you evade taxes on any other sort of income. understand?

>if you trade it, it's a taxable event and you report it to the IRS at the end of the year.
exactly you moron, YOU REPORT IT TO THE IRS, if you don't report it you are committing a CRIME, read my original post again dumbass, I said if you convert bitcoin to some random pajeet WITHOUT DECLARING IT you would be committing a crime. You are so dumb you literally refuted yourself

it's because you're a literal mongoloid. you're not arguing a different point of view, your arguments just don't even make sense.

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am I getting trolled? no one can be this stupid

I see you can't even make any argument. Its ok pajeet, thats what happens when you are a 60 IQ brainlet. I hope you declared all your trades to IRS or else you will get BTFO

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this lol link is the future, just dont think people can wait three years

youve been saying that trading bitcoin is money laundering retard. of course you have to report bitcoin trades to the IRS, just like stocks, bonds or anything else

>not understanding the difference between money laundering and tax evasion
>being that retarded

so let me get this straight pajeet... you are a cyber freedom fighter using bitcorns to stay out of the grid... but at the same time you admit you have to declare all your trades to IRS? lmao. that literally destroys your entire argument dumbass

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Because you have no idea how money fucking works if you think it has purpose without goverments and banks.

It’s a ponzi, the ride is over let it fucking go.

the Bitcoin is the jew of cryptocurrencies
Buy monero, zcoin, or real silver money you uneducated slag

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no bank or government can freeze or garnish your bitcoin. you can send your bitcoin to anywhere in the world and without permission. reporting your capital gains/losses to the IRS does not impede this whatsoever

why is it still around then. also what about use cases in places like Venezuela

dumbass... if government can't freeze your money then why do you have to declare your trades to IRS? the government doesn't have to freeze your money, if you do something illegal they can just arrest you. Go try to hide your money using bitcoirn, a coin that has public ledger btw and even a braindead retard intern at IRS could track you down

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you don't know how bitcoin works...do you? also, the feds already said it was legal- you're really stretching yourself thin now with your arguments. keep going though

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you don't even know how laws work do you? its legal only AFTER you declare the transactions. That was the entire argument in the first place retard, that the only way to convert your money from bitcorns is to register somewhere using your ID and passport, otherwise you would be COMMITTING A CRIME. I honestly hope you really are that dumb and get raped by IRS

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Bitcoin is exactly what bankers want us on.
The push is artificial.

Imagine a Jewish cabal creating something as sinister and deeply rooted as a bank.
Now imagine the populous turning on the bank.
That cabal can't just pack up shop and move on.
They have to destroy their own creation i.e. the bank and quitely push the next phase.
All of this Bitcoin can be traced.
All of it.
That means it can be controlled.
Bitcoin is appealing bc it's currently viewed as a solution even though it's clearly only temporary.
The only REAL solution is for the world economy to collapse and for there to be a serious culling of the herd.

With that said, I just opened a wallet a month ago.
I'm getting on the Bit-train.

this is wrong. link or cite this law/regulation

Being redpilled is knowing Bitcoin was hijacked by blockstream on behalf of the banks.

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its called tax evasion and money laundering moron. otherwise anyone could just convert his untaxed income to bitcorns and hide to some secret wallet and never have to pay taxes

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semi-based

>Government is the only thing that stops complete unregulated banking
That doesn't reflect reality at all.

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IT'S TIME TO PAY UP SHLOMO

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>not exchanging your bitcoin for goods and services

baka

zoom out

federal reserve regulates commercial banks. without the federal reserve the entire banking industry could do whatever they want

i can't argue with anymore. you're literally too retarded. you're saying that someone who sells bitcoin, or a stock, or a bond, is doing something illegal at the time of transaction? i can't follow you anymore. you have until tax day to file with the IRS the transaction. I hope you don't hold any job in life where you a responsible for the lives of others, because you are literally a mongoloid.

here's the IRS guidance on bitcoin transactions for anyone out there wondering on how to handle your bitcoin sales properly:
irs.gov/pub/irs-drop/n-14-21.pdf

>Bitcoin is exactly what bankers want us on.
Its not. Bankers want a cashless society. Crypto isn't a line of credit. Its cash in its best form. Especially things like Monero.