Ok maybe we had bitcoin over a decade and nobody cared. It was mainly used by criminals and tax evader. The concept of a decentralized money system is stupid when they just drop the Blockchain and fork a new one once a too rich person got hacked.
Bitcoin is not regulated by the government, but by rich people. Bitcoin has a 100% virtual value. An artificial scarcity does not create value. If tomorrow the the USA makes bitcoin illegal, it’s value will drop a lot.
I mean the stock market is similar, but at least it is regulated.
Type these things into a search engine first and then read, so you spare yourself and others from blatant ignorance and misinformation.
alternatively, if you can replace Bitcoin with USD and your concerns are identical, then none of your concerns are valid arguments against cryptocurrency.
“Ok maybe we had bitcoin over a decade and nobody cared.”
this is incorrect.
cryptographers, economists and governments were and are excited about cryptocurrencies because they’re an obvious evolution in centralized currency, in the same way that debit cards linked to bank accounts were, and now QR codes and digital wallets are.
“It was mainly used by criminals and tax evader.”
this has been wrong and irrelevant as long as people have been saying it.
Between 35 to 39 percent of USD is used for criminal activity, does this rampant criminal activity make the USD illegitimate?
“The concept of [USD] is stupid when they just [literally print money from nowhere] once a too rich person [gets caught]”
See what I’m saying? literally just replace the words and see if what you’re saying is still valid.
Printing USD and writing laws to protect rich people is a problem.
“[USD] is not regulated by the government, but by rich people.”
they are called the federal reserve, a private company that manipulates the dollar value at will.
The American aristocracy illegally manipulates the printed paper.
[USD]has a 100% virtual value.
That’s what happens when you decouple a currency from It’s backing value, like when the USD got taken off the gold standard and private companies are allowed to print fiat currency at their own discretion.
“An artificial scarcity does not create value”
scarcity precisely creates value, that is how the federal reserve manipulates the value of the USD.
It’s literally why the interest rates have been lowered this year rather than continuing to increase, the federal reserve is trying to create an artificial scarcity.
“If tomorrow the the USA makes [USD] illegal, it’s value will drop a lot.”
oh, “a lot”?
The gold price certainly didn’t drop after being made illegal.
“I mean the stock market is similar, but at least it is regulated.”
leaving aside that you are unaware of existing and developing cryptocurrency regulations, why are you so proud of regulation when it has been shown to facilitate illegal fiat currency manipulation?
Yes, the USD and stock exchange are “regulated” to an extent, but that regulation is completely irrelevant since white collar crime and illegal activity has continued unabated since fiat currency has come into play.
cryptocurrency is also regulated.
it literally has tax forms, just like the fiat currency that criminals use.
“The rugpull was in the context of [USD].”
If you want to talk about rug pulls, type in USD fraud.
you’ll get a few hits.
none of what you typed was relevant or correct, just type what you think into a search engine if you’re unaware of the facts.
Don’t make things up that are demonstrably false with a simple search or substitution.
Ok maybe we had bitcoin over a decade and nobody cared. It was mainly used by criminals and tax evader. The concept of a decentralized money system is stupid when they just drop the Blockchain and fork a new one once a too rich person got hacked.
Bitcoin is not regulated by the government, but by rich people. Bitcoin has a 100% virtual value. An artificial scarcity does not create value. If tomorrow the the USA makes bitcoin illegal, it’s value will drop a lot.
I mean the stock market is similar, but at least it is regulated.
The rugpull was in the context of ntfs.
Type these things into a search engine first and then read, so you spare yourself and others from blatant ignorance and misinformation.
alternatively, if you can replace Bitcoin with USD and your concerns are identical, then none of your concerns are valid arguments against cryptocurrency.
“Ok maybe we had bitcoin over a decade and nobody cared.”
this is incorrect.
cryptographers, economists and governments were and are excited about cryptocurrencies because they’re an obvious evolution in centralized currency, in the same way that debit cards linked to bank accounts were, and now QR codes and digital wallets are.
“It was mainly used by criminals and tax evader.”
this has been wrong and irrelevant as long as people have been saying it.
Between 35 to 39 percent of USD is used for criminal activity, does this rampant criminal activity make the USD illegitimate?
“The concept of [USD] is stupid when they just [literally print money from nowhere] once a too rich person [gets caught]”
See what I’m saying? literally just replace the words and see if what you’re saying is still valid.
Printing USD and writing laws to protect rich people is a problem.
“[USD] is not regulated by the government, but by rich people.”
they are called the federal reserve, a private company that manipulates the dollar value at will.
The American aristocracy illegally manipulates the printed paper.
[USD]has a 100% virtual value.
That’s what happens when you decouple a currency from It’s backing value, like when the USD got taken off the gold standard and private companies are allowed to print fiat currency at their own discretion.
“An artificial scarcity does not create value”
scarcity precisely creates value, that is how the federal reserve manipulates the value of the USD.
It’s literally why the interest rates have been lowered this year rather than continuing to increase, the federal reserve is trying to create an artificial scarcity.
“If tomorrow the the USA makes [USD] illegal, it’s value will drop a lot.”
oh, “a lot”?
The gold price certainly didn’t drop after being made illegal.
“I mean the stock market is similar, but at least it is regulated.”
leaving aside that you are unaware of existing and developing cryptocurrency regulations, why are you so proud of regulation when it has been shown to facilitate illegal fiat currency manipulation?
Yes, the USD and stock exchange are “regulated” to an extent, but that regulation is completely irrelevant since white collar crime and illegal activity has continued unabated since fiat currency has come into play.
cryptocurrency is also regulated.
it literally has tax forms, just like the fiat currency that criminals use.
“The rugpull was in the context of [USD].”
If you want to talk about rug pulls, type in USD fraud.
you’ll get a few hits.
none of what you typed was relevant or correct, just type what you think into a search engine if you’re unaware of the facts.
Don’t make things up that are demonstrably false with a simple search or substitution.