Cryptocurrency to change banking behavoir

Its rather boring and abstract but cryptocurrencies & blockchains will make a whole swathe of financial services obsolete and automated. Once the regulative framework is there 'tokenized' securities and derivatives are going to be a multi-trillion dollar industry, we are talking clearing houses, the role of brokerages in IPOs, custodial services, even just regular banking all will essentially be vulnerable to automation. These types of tokenized securities that utilize smart contracts play an important role however tokenized securities is just 1 sub-section. The libra model the other user mentions is basically the next whole monetary system and libra most likely won't be allowed to succeed but the premise is solid - build a massive inventory of legacy assets and warp them up with minted digital token then simply burn or mint using a smartcontract to maintain its peg to the value of the underlying basket, you'll get instant seamless transfer with minimum fees and will no longer require a bank account. Either central banks will do it or tech companies will and effectively that will be the end of sovereign money, they will have no choice in the matter due to the damage caused from the ending of this current monetary system - its the feared NWO global currency system and well there isn't much you can do to stop it now other than buy its antithesis which is bitcoin. Bitcoin is a deflationary (inverse fiat currency) decentralized network owned by nobody and fully censorship resistant with the same perks of the next monetary system centralized currencies. It was given to the public first because whoever Satoshi Nakamoto is/was could foresee what was coming in the next monetary system.

XNV is the only one that is really decentralized and private.
BTC is orwellian

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Underrated

Lol.. "blacklisting crypto addresses"
I'm a brainlet and even I call bullshit on that a lightyear away

Banks i agree, but gov needs control to stop scammers. Or you have people selling snake oil openly.

Bitcoin will become a globa offshore bank and p2p wire system , litecoin or maybe bitcoin cash will take the mass payment place.

There are cryptos traded in the us markets through trust and soon futures , us politicians won't be able to ban it withotu entering into political shitstorm due to market manipulation.

It's irrelevant , next year bitcoin inflation will be BELLOW fiat currencies inflation , what happened to housing since 2008 quantitative easing?
It went up non stop because the fiat in which was priced grew up in quanity many times while the supply of housing remained mostly the same.

The same thing will happen to bitcoin , litecoin , monero and every cryptocurrency that starts to reach inflation rates bellow fiat currrencies(bitcoin will be the first to do the next year).

They can ban it all they want , but relative to fiat currency it will always grow in price , it's all about inflation , the only way they can keep this crap ponzi scheme going of quantitative easing is baning cash as they started to push in india.

Go look what happened to the indian economy (that was the fatest growing in the world) after their demonetization efforts and ban on cash.
You don't see news about how their economy is going for a reason it was a total failure that's crashing their economy with no survivors.

The truth is that cashless fiat is not compatible with democracy because the politicians can tax anyone to hell , local politicians , state politicians , national politicians , it's a road to hell as india is showing.

>New times are coming. the large corporate banks will not control the populice anymore! Crypto will change everything

Next year will be the economic history books , first time a crypto has lower inflation than all fiat currencies.

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> BIDGOIN :DDDDDD
> giving your money to the internet jews
> 2019

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Crypto will never be decentralized and be mainstream. Governments fear it.

>"blacklisting crypto addresses"
They do it by shutting down the end points using the recipient bank accounts and with forced KYC they can place an identity on wallets. But yes its not an easy task and requires a lot of co-operation with retail banks, a lot of their policy is hot air because really they are unsure how to address it or even classify it (reality is crypto is literally a new asset class that has elements of all other asset classes and needs regulation that considers this).

This impedes competition but yes that is normally the job of the respected regulative department (SEC for securities CFTC for futures ect). Basically things will tick on as they are now with constant innovation and competition until all the good ideas have been done and applied in the small ecosphere of decentralized cryptos before being absorbed and adopted by mainstream finance when the time is right.

Perhaps and that's how it is now to a degree but you are forgetting interoperability alts and also lightning. The latter adds that micropayment feature (to a level we've never seen actually).

too late, not only is it already decentralized and already on a trajectory where they'll never be able to reverse adoption they are forced to adopt crippled centralized shitcoin versions to have our next monetary system - they are not in a good position thanks to the presence of the crypto being in the public domain.

What would the Ideal NWO cashless money system look like?

Like fucking cryptos you dense shits

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Every law you make needs resources to enforce. It is simply too expensive to enforce the ban of crypto IF people really want to use it.

>They do it by shutting down the end points using the recipient bank accounts and with forced KYC they can place an identity on wallets.
In the end you can't force KYC or banks on a blockchain. You can make it difficult to for US citizens to acquire BTC in the first place, but there are always workarounds and once you get the coins, there is nothing the government can do to them.

>big corporations and banks are already making their own CENTRALIZED cryptocurrencies
Good for normies.
>Facebook Libra
Got btfo by Trump.

>They do it by shutting down the end points using the recipient bank accounts and with forced KYC they can place an identity on wallets.

This is unironically going to make the next bullrun the biggest ever i am talking about bitcoin above 200k by 2021.

When it comes to the point that a bubble forms and people realize that all exitways have:

1_KYC
2_Taxes
3_A fiat that now has more inflation than bitcoin
4_Negative interest rates

Then history will happen because people will feel more safe staying inside bitcoin than outside of crypto.
Hell before between halvings was at least 15% inflation just from the mining of new coins , now it's going to be 7% , while staying on STRONG fiat like the euro or the usd will mean 9% or 10% inflation between halvings.

The clowns trying to kill crypto have created the conditions for a massive bullrun.

>Perhaps and that's how it is now to a degree but you are forgetting interoperability alts and also lightning. The latter adds that micropayment feature (to a level we've never seen actually).

Yes but even without lighting bitcoin will win as a global bank and wire system , go check the biggest bank capitalization.
Bitcoin will be more worthy than the most worthy bank on the planet next year.

>too late, not only is it already decentralized and already on a trajectory where they'll never be able to reverse adoption they are forced to adopt crippled centralized shitcoin versions to have our next monetary system - they are not in a good position thanks to the presence of the crypto being in the public domain.

Not only it's massive descentralized now , moore law limits mean the last asics will arrive in 2020-2021 , so mining with residential costs will be cheaper than mining farms since there won't be a need to worry about return of investments since this asics will last decades.

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>What would the Ideal NWO cashless money system look like?
>Like fucking cryptos you dense shits

No you fucking brainlet , like the negative interest rates the ecb announced last week , all the eurozone , australia and india are moving to ban cash in the next two years to create digital fiat that will allow them to accelerate the creation of money with no exit gates for the plebs.

The Venezuelans where left outside their country financial system and the international one(since companies like paypal block their account and demand them to associate a credit card for verification and they no longer have them in venezuela).

So venezuelan freelancers bough things like amazon gift cards with paypal , then exchange them for bitcoin and here is the funny part , due to capital controls bitcoin is traded at a premium there since people use it to buy things online , so all the fees they lost doing this crap where recovered when they sold at a premium inside their nation.

Satoshi was a fucking genius

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Yes its really just an illusionary effort on their part because they can't actually do anything and basically it just hurts them by allowing other nations to take part in the innovation.

Good points.

On the left there is ripple's logo on the coin. It should be xrp's because ripple is a company.

negative interest rates is the strategy to bring in the global cashless crypto system

Crypto is rype with scammers, con artists, and, 'do nothing' intellectuals.

I was on biz for awhile let me share what I learned.

>chinks control all the mining through an oligopoly. They get free hydro power from xipingpong. Companies like bitmain use ASICS until they are obsolete, then sell them as new to the public to keep control. During the whole bcash shit there was danger that a 51%attack could happen since the chinks were getting close to mining half the coins. Bitcoin is not decentralized at all.

>tron currency literally copy and pasted a bunch of other projects white papers WORD FOR WORD. THEY HAVE NOT DONE ANY PROGRESS AND ARE STILL A TOP 10 COIN.

>John McAfee literally took bribes to shill shit coins to poor neets.

>etherium is a global homo redhairing meant to trick and tax you on everything you do to communicate by paying for 'gas'. Years in and the only 'use case' is pyramid scheme gambling flash games.

All the open source retards posted their code for free, now jp Morgan and facefuck are co-opting the free code. Congrats dumb fucks.

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Correct and crypto is the only reason they did not went full cashless back in 2015 when they where full into quantitative easing and had all the social democrats in control.

Satoshi had them by the balls they did not took bitcoin serious until it was too late.
Just look at how they reacted to libra , all the fucking governments attacked them non stop , they are terrified of crypto , and they are pushing the whole cashless crap in a fabian way now by slowly decreasing cash limits on purchases.

It won't work , by 2023 many cryptos will have lower inflation than fiat.

I think that you never ever used cryptos which is why you don't understand the whole thing and think it's "digital fiat" , any usage doing a transaction from wallet to wallet will show you what the real deal is about , this thing is not a centralized thing it's like a torrent protocol on steroids.

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I'm ready for a world without (((banks)))!

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Seems to me that both Microsoft and Google have the power required for a 51% attack

>go bankrupt to kill an open source project that is in no way competition to your core business

yea that's definitely going to happen

>Crypto is rype with scammers, con artists, and, 'do nothing' intellectuals.

Correct the first two sadly.

>>chinks control all the mining through an oligopoly. They get free hydro power from xipingpong. Companies like bitmain use ASICS until they are obsolete, then sell them as new to the public to keep control. During the whole bcash shit there was danger that a 51%attack could happen since the chinks were getting close to mining half the coins. Bitcoin is not decentralized at all.

Incorrect , it's true that chinese do a lot of mining , but mining is done in pools that are international also bitmain has been losing their dominance and due to the moore law their game is nearly over there won't be any new asic after 2020.

>>tron currency literally copy and pasted a bunch of other projects white papers WORD FOR WORD. THEY HAVE NOT DONE ANY PROGRESS AND ARE STILL A TOP 10 COIN.

Many coins are copy and paste of others and still have a lot of price because the game theory and limited supply gives it a price relative to infinite fiat.
Check "stock to flow ratio" , that's the same reason gold and silver have a strong price.

>John McAfee literally took bribes to shill shit coins to poor neets.

John McAfee is a fucking lunatic

youtube.com/watch?v=IH_8eRTAXHo

>>etherium is a global homo redhairing meant to trick and tax you on everything you do to communicate by paying for 'gas'. Years in and the only 'use case' is pyramid scheme gambling flash games.

Correct , it's also used for descentralized scaming sadly.

This entire area is booming due to quantitative easing , anything with limited supply grows in price since 2008 , like housing , and cryptos are an extreme case of this , even shit projects can have a lot of capitalization due to this.

We are in the clown world economic era right now.

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Early internet was also full of scammers, criminals and porn. Nobody knew what to really do with it. Once € or $ hyperinflate, cryptos will become actually relevant. It takes a lot of time and patience, but it's inevitable.

Bitcoin's failings is that more than half of miners are located in China. All China has to do is confiscate all mining equipment in China under the guise of national security and you can kiss your cryptocurrency goodbye with 51% double spend attacks.

Can someone give me the rundown on sending crypto via FM radio?

It should be possible and if so: we can create our own wireless money transfer system. Imagine how valuable it can be to start a wireless banking system in a collaps/civil war situation.

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Based argentine. Fully taken the bitcoin pill huh?
Im expecting 100k next year. Just dont know where to sell i want to double my btc

>Based argentine. Fully taken the bitcoin pill huh?

Yes they called me crazy and now the entire banking system is collapsing here and the eu is pushing negative interest rates.

>Im expecting 100k next year. Just dont know where to sell i want to double my btc

This is why you won't sell nor anyone will do , it's literally becoming safer to remain in crypto than cash out , governments have become bipolar , one day they will tell you you can cash out here and the next day they will assrape you for doing so.

>Im expecting 100k next year

Probably stable growth next year and 150k+ by 2021 , depending on us elections and interest rates.

it wont ever launch. the EU has already shut it down and the US is making laws preventing corporations worth more than 200 million USD from making and issuing their own currencies.

everyone should switch to Brave Browser. the ad blocking is built in which is important because Chrome is getting rid of its ad blockers. it's also built on chromium which means you can use the same extensions and import your bookmarks in one click.
you also can get paid to browse with ads. it's not a lot, but you receive about 10 dollars per month right now, and sometimes they give you free BAT to donate to creators or websites that have enabled donations. you can also verify yourself as a 'creator' and get donations on twitch, youtube, twitter, reddit, vimeo, github and your own domain.
plus at least the advertising surveillance conglomerates aren't taking your data. instead of Facebook, Google or YouTube making 30/month off your data, there's finally a way to get paid instead
brave.com/yea082

>and the US is making laws preventing corporations worth more than 200 million USD from making and issuing their own currencies.

Isn't the fed a corporation?

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>delusion: the post

news.bitcoin.com/no-internet-no-problem-how-to-send-bitcoin-by-amateur-radio/

Whats delusional? You can send digital music through FM radio, which is information that can be interpreted by a computer.

So...why cant you send crypto (digital data) via FM too?
Well, there you go (thanks user).

Imagine how powerful this system can be: sending vast amount of wealth over hundreds of kilometers (encrypted) to anyone using a 5$ FM radio receiver and a basic PC. For free, no transaction costs.
In a collaps scenario whoever establishes this banking system first will be the financial god of the wastelands.

The system would be unbelievably slow

Well bitcoin is a p2p ledger , you can literally move bitcoins on paper as you only save the "key" to the wallet so theorically even if slow it's still better than centralized systems that leave a big place for corruption.