Crypto Currency Thread (Vol.2)
Discussion
BandOfBrothers said:
Blown2CV said:
it won't change easily or likely at all though. 'People' are not crypto zealots. 'People' do not value decentralised currency. 'People' believe crypto is volatile and unreliable at best, and a scam at worst. 'People' won't switch over their business, where they shop, how they bank and how they handle the thing which is most important to them - money - unless they see an alternative that they love and get a huge amount more value out of using.
The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
A whole lot of personal opinions presented as facts without any supporting evidence.The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
F-
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
it won't change easily or likely at all though. 'People' are not crypto zealots. 'People' do not value decentralised currency. 'People' believe crypto is volatile and unreliable at best, and a scam at worst. 'People' won't switch over their business, where they shop, how they bank and how they handle the thing which is most important to them - money - unless they see an alternative that they love and get a huge amount more value out of using.
The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
A whole lot of personal opinions presented as facts without any supporting evidence.The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
F-
BandOfBrothers said:
Meanwhile the government can halve the value if GBP tomorrow.
No one can do that to Bitcoin.
But "halving the value of GDP" is considerably less likely than the government controlling the on/off ramps for btc which was an idea pooh-poohed earlier in the thread. You can't throw out stupid ideas and defend other (more likely) ideas as stupid, it's highly illogical. No one can do that to Bitcoin.
Of course, most things are possible. It's possible that you could pay my taxes and I pay you BTC (however, the government will not issue rebates in Btc and will not issue rebates to anyone other than who it is legally due to, so your example is somewhat imperfect), but there is no advantage to doing it. All your scenarios rely on middle-men to simply exchange from Btc back to £, whereas for the vast vast majority of people using £ is easier, quicker, simpler, and much less risky.
Anyway, this is pointless. Even El Salvador which made it a legal approved currency has seen very little take up, the figure I found when googling was that just over 1% of remittances were done in Btc which is not only very low for an "approved currency", but also lower than other countries where Btc wasn't even legal tender.
Evidence of it's adoption as anything other than a gambling tool is very very hard to come by.
@ condi, either you're generally obtuse, or just trying to be so...
1/ it's YOU that keeps referring to it as a currency
2/ you think EVERY government is going to try to block on/off ramps? So what, the UK decides to do so, doesn't stop it - just makes it more difficult.
3/ If the US and other large countries at Gov level accept that BTC is able to be traded....then you think that what the Uk or any other country do matters!
and BTW, yeah the UK just like the US does debase the currency, it's just that most folks haven't figured out that they lose around half their purchasing power every 7--10 years!
Think Gov debt is paid by the fairies ????
the money printer has been turned on regular;ly, just like it is/about to be again now. So yeah, i kind of like the fact that there'll only be 17/18M of BTC.....
1/ it's YOU that keeps referring to it as a currency
2/ you think EVERY government is going to try to block on/off ramps? So what, the UK decides to do so, doesn't stop it - just makes it more difficult.
3/ If the US and other large countries at Gov level accept that BTC is able to be traded....then you think that what the Uk or any other country do matters!
and BTW, yeah the UK just like the US does debase the currency, it's just that most folks haven't figured out that they lose around half their purchasing power every 7--10 years!
Think Gov debt is paid by the fairies ????
the money printer has been turned on regular;ly, just like it is/about to be again now. So yeah, i kind of like the fact that there'll only be 17/18M of BTC.....
Condi said:
BandOfBrothers said:
Meanwhile the government can halve the value if GBP tomorrow.
No one can do that to Bitcoin.
But "halving the value of GDP" is considerably less likely than the government controlling the on/off ramps for btc which was an idea pooh-poohed earlier in the thread. You can't throw out stupid ideas and defend other (more likely) ideas as stupid, it's highly illogical. No one can do that to Bitcoin.
Of course, most things are possible. It's possible that you could pay my taxes and I pay you BTC (however, the government will not issue rebates in Btc and will not issue rebates to anyone other than who it is legally due to, so your example is somewhat imperfect), but there is no advantage to doing it. All your scenarios rely on middle-men to simply exchange from Btc back to £, whereas for the vast vast majority of people using £ is easier, quicker, simpler, and much less risky.
Anyway, this is pointless. Even El Salvador which made it a legal approved currency has seen very little take up, the figure I found when googling was that just over 1% of remittances were done in Btc which is not only very low for an "approved currency", but also lower than other countries where Btc wasn't even legal tender.
Evidence of it's adoption as anything other than a gambling tool is very very hard to come by.
I've shown you several times that the government cannot control the "on/off ramps" and that isn't going to change no matter how much technobabble you spout.
You are saying that you cannot pay taxes in BTC, I have shown you again and again that this is completely false. If all you had was BTC, you could get your taxes paid very easily.
I'll do it for you. Just send me twice the value of the taxes in BTC and I'll pay them. Done.
Rebates are irrelevant. Your taxes are paid and you never held or spent any fiat currency, end of. You're just moving the goalposts from not possible to not ideal, which is in itself a strawman argument.
And this argument is "pointless" as you put it because you're trying to defend a position that has been clearly shown to be false several times.
BandOfBrothers said:
Overall, it's pretty clear that you don't know what you're talking about, despite sprinkling pseudo-intellectual words into your brain farts...
No they only brain farts are the posts you are making - "the only survivors of a nuclear war and cockroaches and BTC". And then a load of but but but.And you don't read to well either. I don't need to know about hash rates and the techno stuff devotees love, what matters about BTC adoption is regulator acceptance. BTC can be regulated out of existence - and the more wallies that push crypto mixers etc you just keep yourself in the gun sight. I mean the guy who got done in the NL this week, is just the first - lets see what happens to the guy under house arrest in the US.
I know the benefits of decentralisation and non-debasement etc - but you can't ever get there. BTC will co-exist as a curio asset to a small group of enthusiasts and speculators. Not mass adoption.
BandOfBrothers said:
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
it won't change easily or likely at all though. 'People' are not crypto zealots. 'People' do not value decentralised currency. 'People' believe crypto is volatile and unreliable at best, and a scam at worst. 'People' won't switch over their business, where they shop, how they bank and how they handle the thing which is most important to them - money - unless they see an alternative that they love and get a huge amount more value out of using.
The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
A whole lot of personal opinions presented as facts without any supporting evidence.The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
F-
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
it won't change easily or likely at all though. 'People' are not crypto zealots. 'People' do not value decentralised currency. 'People' believe crypto is volatile and unreliable at best, and a scam at worst. 'People' won't switch over their business, where they shop, how they bank and how they handle the thing which is most important to them - money - unless they see an alternative that they love and get a huge amount more value out of using.
The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
A whole lot of personal opinions presented as facts without any supporting evidence.The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
F-
I've shown you that your beliefs are not facts.
And I've also shown no preference for the future, another false belief of yours.
Finally, your penultimate sentence is another belief stated as fact without any supporting evidence.
Stating that it is "unequivocal" is just a desperate plea to end the discussion.
Edited by BandOfBrothers on Friday 17th May 13:27
BandOfBrothers said:
No, it cannot.
I have shown you why it can't.
You have completely failed to show how it can.
The rest is just nonsense.
You haven't proved anything - other than a significant miss understanding of the global macro economy. I have shown you why it can't.
You have completely failed to show how it can.
The rest is just nonsense.
Read the posts again. BTC cannot reach its full potential in the current monetary system. No one is going to cede that power. You were given more than enough information on the regulations and history on this but still insist that just because its distributed its immune.
OoopsVoss said:
BandOfBrothers said:
No, it cannot.
I have shown you why it can't.
You have completely failed to show how it can.
The rest is just nonsense.
You haven't proved anything - other than a significant miss understanding of the global macro economy. I have shown you why it can't.
You have completely failed to show how it can.
The rest is just nonsense.
Read the posts again. BTC cannot reach its full potential in the current monetary system. No one is going to cede that power. You were given more than enough information on the regulations and history on this but still insist that just because its distributed its immune.
You seem very certain of your position, so it should be very easy for you to specify exactly how BTC can be regulated. Let's hear it.
BandOfBrothers said:
You are saying that you cannot pay taxes in BTC, I have shown you again and again that this is completely false. If all you had was BTC, you could get your taxes paid very easily.
You cannot pay your taxes in btc. End of. Try it, please. Write to HMRC and tell them that instead of paying in £ you're going to send them X bitcoin instead, see what they say. You can give your btc to someone else who then exchanges it for £ and then pays on your behalf, but using that logic you could pay in fairy dust if someone will give you the £ in return. It is an entirely meaningless argument.
Condi said:
BandOfBrothers said:
You are saying that you cannot pay taxes in BTC, I have shown you again and again that this is completely false. If all you had was BTC, you could get your taxes paid very easily.
You cannot pay your taxes in btc. End of. Try it, please. Write to HMRC and tell them that instead of paying in £ you're going to send them X bitcoin instead, see what they say. You can give your btc to someone else who then exchanges it for £ and then pays on your behalf, but using that logic you could pay in fairy dust if someone will give you the £ in return. It is an entirely meaningless argument.
Your argument is that BTC can be regulated because you can't pay taxes to HMRC in it.
I'm merely pointing out that this is total nonsense. I've shown you very clearly how you can settle your tax bill and never own or even touch anything but BTC.
This completely undermines your point.
BandOfBrothers said:
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
it won't change easily or likely at all though. 'People' are not crypto zealots. 'People' do not value decentralised currency. 'People' believe crypto is volatile and unreliable at best, and a scam at worst. 'People' won't switch over their business, where they shop, how they bank and how they handle the thing which is most important to them - money - unless they see an alternative that they love and get a huge amount more value out of using.
The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
A whole lot of personal opinions presented as facts without any supporting evidence.The crypto battle for hearts and minds is already lost, no matter how good the tech, the idea, the ideology is.
Far better ideas that crypto have gone by the wayside because they lost support.
F-
I've shown you that your beliefs are not facts.
And I've also shown no preference for the future, another false belief of yours.
Finally, your penultimate sentence is another belief stated as fact without any supporting evidence.
Stating that it is "unequivocal" is just a desperate plea to end the discussion.
Edited by BandOfBrothers on Friday 17th May 13:27
The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
Blown2CV said:
you can believe what you like, but you will (in my opinion) be proven wrong. BTC has been around what, 15 years now? How long do you give it before you make a decision as to whether you were in fact wrong, and determine it a failure? Or do you just keep going on and on harping on about how no one has yet proven it is a failure (but it can be seen first hand to not be a success against it's core aims).
The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I make no claim to BTC's success against "its core aims" either now or in the future, that is you shifting goal posts.The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I am merely correcting multiple posters' erroneous beliefs that they are vehemently stating as facts.
BandOfBrothers said:
Blown2CV said:
you can believe what you like, but you will (in my opinion) be proven wrong. BTC has been around what, 15 years now? How long do you give it before you make a decision as to whether you were in fact wrong, and determine it a failure? Or do you just keep going on and on harping on about how no one has yet proven it is a failure (but it can be seen first hand to not be a success against it's core aims).
The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I make no claim to BTC's success against "its core aims" either now or in the future, that is you shifting goal posts.The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I am merely correcting multiple posters' erroneous beliefs that they are vehemently stating as facts.
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
you can believe what you like, but you will (in my opinion) be proven wrong. BTC has been around what, 15 years now? How long do you give it before you make a decision as to whether you were in fact wrong, and determine it a failure? Or do you just keep going on and on harping on about how no one has yet proven it is a failure (but it can be seen first hand to not be a success against it's core aims).
The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I make no claim to BTC's success against "its core aims" either now or in the future, that is you shifting goal posts.The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I am merely correcting multiple posters' erroneous beliefs that they are vehemently stating as facts.
BTC's fundamental functionality is its blockchain, which is a mathematical algorithm.
The features of that algorithm are 100% known and predictable and these are the ones that we are discussing.
It is nonsense to say that this is just a matter of opinion.
BandOfBrothers said:
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
you can believe what you like, but you will (in my opinion) be proven wrong. BTC has been around what, 15 years now? How long do you give it before you make a decision as to whether you were in fact wrong, and determine it a failure? Or do you just keep going on and on harping on about how no one has yet proven it is a failure (but it can be seen first hand to not be a success against it's core aims).
The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I make no claim to BTC's success against "its core aims" either now or in the future, that is you shifting goal posts.The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I am merely correcting multiple posters' erroneous beliefs that they are vehemently stating as facts.
BTC's fundamental functionality is its blockchain, which is a mathematical algorithm.
The features of that algorithm are 100% known and predictable and these are the ones that we are discussing.
It is nonsense to say that this is just a matter of opinion.
What more evidence would you like to see?
Blockchain may be HOW it achieves record keeping, but BTC using blockchain does not make it a success inherently. People using it as a currency makes it successful. It's not happening.
I get that you are a bit butthurt that the vast majority of people don't agree with you - but that does not make them wrong. Also trying to use flowery language in your posts does not elevate you above either.
Just face it!
Right
I've tried to get this thread back on track to some in depth discussions about cryptocurrencies and BTC but after a couple of posts the usual suspects reappear shouting and regurgitating the same old nonsense that has been debunked and refuted numereous times before.
Yes Condi, it's you I'm looking at.
You still have not answered my questions about store of value or the implications of the BTC ETF's because...
Well, you can't.
You simply can not answer them, so you choose to ignore these questions and continue spouting more bovine manure out of your anal aperture, spoiling and ruining this thread for the few people on here that have a real interest in crypto.
Congratulations!
Whatever, I'm out of here for now.
This is just a waste of time and energy.
Have fun staying poor, y'all
I've tried to get this thread back on track to some in depth discussions about cryptocurrencies and BTC but after a couple of posts the usual suspects reappear shouting and regurgitating the same old nonsense that has been debunked and refuted numereous times before.
Yes Condi, it's you I'm looking at.
You still have not answered my questions about store of value or the implications of the BTC ETF's because...
Well, you can't.
You simply can not answer them, so you choose to ignore these questions and continue spouting more bovine manure out of your anal aperture, spoiling and ruining this thread for the few people on here that have a real interest in crypto.
Congratulations!
Whatever, I'm out of here for now.
This is just a waste of time and energy.
Have fun staying poor, y'all
Gassing Station | Finance | Top of Page | What's New | My Stuff