4 ms·

So in the dystopian future of Chinese bank account/citizen social points and even present-day American Fed/Bank collusion, you are continuously supportive of ce

So in the dystopian future of Chinese bank account/citizen social points and even present-day American Fed/Bank collusion, you are continuously supportive of centralization? And now you claim the experiment has been "worth playing out" while Bitcoin has experienced the most adoption it's ever had within the last few months? What?????? Please tell me you are joking. Also, what incentive do governments have to keep people paying their taxes and using their own fiat that corporations seem to be able to control and play with hundreds of billions on their own accord and on separate rules. What about privacy, with the government having easy access to every financial institution I encounter and every transaction I make, why should I agree to that?

themagician 9y ago
Pretty much all the early adopters who sought to use bitcoin as a currency have backed out because transactions aren’t confirmed for days, in which the price swings wildly, or transaction costs are insane, or some combination of both. And what about privacy? At least with banks you have some. Or with cash you have the ultimate privacy. With Bitcoin every transaction is public and permanent. You’ve got to convert to dollars at some point, because bitcoin is no longer really transactable itself, and once you do your entire spending history is now available to the big bad government.
- rjromero 9y ago
  You can get a transaction confirmed within 10 minutes if you’re willing to pay $30 in fees. This could change in the future, even if it doesn’t, it’s still remarkable that it’s a possibility. You can also wait 2 days and then pay a $5 fee. Okay Bitcoin fails. Monero succeeds. Now what dude? Also, I don’t have to convert to cash. Paying a $30 fee for a 10 minute confirmation for a car or house transaction would be perfectly acceptable even in its present form. Still, don’t know why I’m wasting my time trying to communicate with you as you are very obviously some delusional liberal cuck low sentience bubbled nerd like 80% of this site. Just lol at you claiming banks offer privacy. My personal banker asks me to type my password in on his computer. That’s standard practice at nearly ever american bank. Nothing to stop them from keylogging. And they can freely scroll through all your transactions as you sit there with them. I can’t believe it’s possible to be this delusional and this afraid or resilient to change. I truly wish I never have to hire or do business with anyone like you.
  - themagician 9y ago
    Yeah? Visa and MasterCard can confirm a transaction in seconds for 3¢ on the dollar. The price can swing 10% in 10 minutes—and you’re talking about two days? It’s not usable. Lmao. Who is going to let you buy a car not knowing how much the currency you are paying with is going to be worth by the time they cash it out? Or do you just pay an extra 25% to cover the spread just incase? The blockchain has some great uses. Decentralized currency is not one of them. And as far as doing business with me, I really doubt you could afford me, so there’s no worries there.
    - rjromero 9y ago
      Once again, pure retardation. The blockchain is completely useless if not backed by miners and value creation, otherwise it’s just a regular distributed server. I’m glad you’re exposing yourself in this way to me, gives me that much more confidence in you being wrong entirely and me being right. Which I already knew, but I appreciate the extra confirmation. EDIT: HAHAHAHAHAHA just saw your other comment saying Ripple literally has more intrinsic value than Bitcoin. My GOD. MY GOD. PLEASE KILL YOURSELF IMMEDIATELY. You are absolutely done, brain is roasted my friend. Your view of the world is about as accurate as that of my 3 week pup. Lol at that subtle jab. With your IQ/RQ I would really be surprised if you have a net worth of over $3.50.
      - dang 9y ago
        We've banned this account for repeatedly violating the site guidelines and ignoring our request to stop.
disordinary 9y ago
@rjromero, it doesn't hurt to be courteous and respectful to people. The crypto community has a very bad reputation for obvious reasons and it really is not pleasant.
Scarblac 9y ago
I want the government to raise taxes, because I want it to do a lot of useful things for society that it can't otherwise do. That's what government is for. And I want it to be very hard to dodge taxes, so everybody pays their share. If that means less privacy, so be it.
34b907j 9y ago
Mass speculation is not adoption. Few of the people jumping on the hype train with dreams of becoming rich will ever take their coins off the exchanges. As for privacy, the whole world has access to your Bitcoin transactions.

themagician 9y ago

Pretty much all the early adopters who sought to use bitcoin as a currency have backed out because transactions aren’t confirmed for days, in which the price swings wildly, or transaction costs are insane, or some combination of both. And what about privacy? At least with banks you have some. Or with cash you have the ultimate privacy. With Bitcoin every transaction is public and permanent. You’ve got to convert to dollars at some point, because bitcoin is no longer really transactable itself, and once you do your entire spending history is now available to the big bad government.

rjromero 9y ago
You can get a transaction confirmed within 10 minutes if you’re willing to pay $30 in fees. This could change in the future, even if it doesn’t, it’s still remarkable that it’s a possibility. You can also wait 2 days and then pay a $5 fee. Okay Bitcoin fails. Monero succeeds. Now what dude? Also, I don’t have to convert to cash. Paying a $30 fee for a 10 minute confirmation for a car or house transaction would be perfectly acceptable even in its present form. Still, don’t know why I’m wasting my time trying to communicate with you as you are very obviously some delusional liberal cuck low sentience bubbled nerd like 80% of this site. Just lol at you claiming banks offer privacy. My personal banker asks me to type my password in on his computer. That’s standard practice at nearly ever american bank. Nothing to stop them from keylogging. And they can freely scroll through all your transactions as you sit there with them. I can’t believe it’s possible to be this delusional and this afraid or resilient to change. I truly wish I never have to hire or do business with anyone like you.
- themagician 9y ago
  Yeah? Visa and MasterCard can confirm a transaction in seconds for 3¢ on the dollar. The price can swing 10% in 10 minutes—and you’re talking about two days? It’s not usable. Lmao. Who is going to let you buy a car not knowing how much the currency you are paying with is going to be worth by the time they cash it out? Or do you just pay an extra 25% to cover the spread just incase? The blockchain has some great uses. Decentralized currency is not one of them. And as far as doing business with me, I really doubt you could afford me, so there’s no worries there.
  - rjromero 9y ago
    Once again, pure retardation. The blockchain is completely useless if not backed by miners and value creation, otherwise it’s just a regular distributed server. I’m glad you’re exposing yourself in this way to me, gives me that much more confidence in you being wrong entirely and me being right. Which I already knew, but I appreciate the extra confirmation. EDIT: HAHAHAHAHAHA just saw your other comment saying Ripple literally has more intrinsic value than Bitcoin. My GOD. MY GOD. PLEASE KILL YOURSELF IMMEDIATELY. You are absolutely done, brain is roasted my friend. Your view of the world is about as accurate as that of my 3 week pup. Lol at that subtle jab. With your IQ/RQ I would really be surprised if you have a net worth of over $3.50.
    - dang 9y ago
      We've banned this account for repeatedly violating the site guidelines and ignoring our request to stop.

disordinary 9y ago

@rjromero, it doesn't hurt to be courteous and respectful to people. The crypto community has a very bad reputation for obvious reasons and it really is not pleasant.

Scarblac 9y ago

I want the government to raise taxes, because I want it to do a lot of useful things for society that it can't otherwise do. That's what government is for. And I want it to be very hard to dodge taxes, so everybody pays their share. If that means less privacy, so be it.

34b907j 9y ago

Mass speculation is not adoption. Few of the people jumping on the hype train with dreams of becoming rich will ever take their coins off the exchanges. As for privacy, the whole world has access to your Bitcoin transactions.