Page 1 of 1

Welcome to 'Crypto'

Posted: Sun Jan 31, 2021 8:56 pm
by Enigma
DBDK brought up the need for a crypto section, so here we are. I made him the mod in case he's right and a few people do come as a result.

Re: Welcome to 'Crypto'

Posted: Mon Feb 01, 2021 12:21 am
by Das Troll
I'm down.

Re: Welcome to 'Crypto'

Posted: Mon Feb 01, 2021 2:25 am
by DBDK
This is pretty cool :D

Re: Welcome to 'Crypto'

Posted: Mon Feb 01, 2021 6:57 am
by Enigma
Figure with the way the world is going this was actually a great suggestion.

Re: Welcome to 'Crypto'

Posted: Mon Feb 01, 2021 11:07 pm
by DBDK
Lots of people getting crypto Visa cards and going almost-bankless

Re: Welcome to 'Crypto'

Posted: Tue Feb 02, 2021 1:13 am
by Das Troll
DBDK wrote:
Mon Feb 01, 2021 11:07 pm
Lots of people getting crypto Visa cards and going almost-bankless
I can't imagine using regular crypto as money really. They tried that with BTC but it never worked out. Stable coins however would work pretty well. Some sort of DeFi or USDC.

Re: Welcome to 'Crypto'

Posted: Tue Feb 02, 2021 4:58 am
by DBDK
Das Troll wrote:
Tue Feb 02, 2021 1:13 am
DBDK wrote:
Mon Feb 01, 2021 11:07 pm
Lots of people getting crypto Visa cards and going almost-bankless
I can't imagine using regular crypto as money really. They tried that with BTC but it never worked out. Stable coins however would work pretty well. Some sort of DeFi or USDC.
BTC > cash is pretty easy, there are ATM's in most cities, even smaller ones these days.

The Visa cards are debit/credit cards that let you carry plastic and tap and stuff.

You load an account with crypto and spend it in fiat on the card, usually.

Re: Welcome to 'Crypto'

Posted: Tue Feb 02, 2021 6:29 am
by Enigma
DBDK wrote:
Tue Feb 02, 2021 4:58 am
Das Troll wrote:
Tue Feb 02, 2021 1:13 am
DBDK wrote:
Mon Feb 01, 2021 11:07 pm
Lots of people getting crypto Visa cards and going almost-bankless
I can't imagine using regular crypto as money really. They tried that with BTC but it never worked out. Stable coins however would work pretty well. Some sort of DeFi or USDC.
BTC > cash is pretty easy, there are ATM's in most cities, even smaller ones these days.

The Visa cards are debit/credit cards that let you carry plastic and tap and stuff.

You load an account with crypto and spend it in fiat on the card, usually.
I like how you cited fiat currency despite BTC not being backed by anything either. In fact, BTC is arguably backed by LESS since there's no government backing.

Re: Welcome to 'Crypto'

Posted: Fri Feb 05, 2021 5:01 pm
by DBDK
Helladamnleet wrote:
Tue Feb 02, 2021 6:29 am
DBDK wrote:
Tue Feb 02, 2021 4:58 am
Das Troll wrote:
Tue Feb 02, 2021 1:13 am
DBDK wrote:
Mon Feb 01, 2021 11:07 pm
Lots of people getting crypto Visa cards and going almost-bankless
I can't imagine using regular crypto as money really. They tried that with BTC but it never worked out. Stable coins however would work pretty well. Some sort of DeFi or USDC.
BTC > cash is pretty easy, there are ATM's in most cities, even smaller ones these days.

The Visa cards are debit/credit cards that let you carry plastic and tap and stuff.

You load an account with crypto and spend it in fiat on the card, usually.
I like how you cited fiat currency despite BTC not being backed by anything either. In fact, BTC is arguably backed by LESS since there's no government backing.
BTC isn't "backed" by anything, it is just really secure, in transactional terms and also in terms of supply.

If you knew how bank treasurers issued new fiat as debt, you would see the main selling point of BTC. New fiat is created every time a bank issues a big loan, they really have barely any money at all actually "backing" it all and have created a fucking MASSIVE debt and liability bubble, worldwide.

Re: Welcome to 'Crypto'

Posted: Sat Feb 06, 2021 8:08 am
by Enigma
DBDK wrote:
Fri Feb 05, 2021 5:01 pm
Helladamnleet wrote:
Tue Feb 02, 2021 6:29 am
DBDK wrote:
Tue Feb 02, 2021 4:58 am
Das Troll wrote:
Tue Feb 02, 2021 1:13 am
DBDK wrote:
Mon Feb 01, 2021 11:07 pm
Lots of people getting crypto Visa cards and going almost-bankless
I can't imagine using regular crypto as money really. They tried that with BTC but it never worked out. Stable coins however would work pretty well. Some sort of DeFi or USDC.
BTC > cash is pretty easy, there are ATM's in most cities, even smaller ones these days.

The Visa cards are debit/credit cards that let you carry plastic and tap and stuff.

You load an account with crypto and spend it in fiat on the card, usually.
I like how you cited fiat currency despite BTC not being backed by anything either. In fact, BTC is arguably backed by LESS since there's no government backing.
BTC isn't "backed" by anything, it is just really secure, in transactional terms and also in terms of supply.

If you knew how bank treasurers issued new fiat as debt, you would see the main selling point of BTC. New fiat is created every time a bank issues a big loan, they really have barely any money at all actually "backing" it all and have created a fucking MASSIVE debt and liability bubble, worldwide.
I like how you cited fiat currency despite BTC not being backed by anything
you cited fiat currency despite BTC not being backed by anything
despite BTC not being backed by anything
BTC not being back by anything
BTC not being backed
BTC not backed
not backed
not.

You're missing the point. BTC is just as useless as any other currency. It's only worth something because people choose to pay that amount.

Re: Welcome to 'Crypto'

Posted: Sat Feb 06, 2021 8:16 am
by Enigma
I just want to point out too, I'm not trying to be rude if you're taking it that way. I'm honest to god trying to have a discussion, and just come off as an asshole. Pls dnt go :(

Re: Welcome to 'Crypto'

Posted: Sat Feb 06, 2021 6:28 pm
by fuckreddit
boomer

bone hair

doll hair

dollar

Do you have a dollar (portlandia, look it up)

homelessness

boomers made homelessness??

Re: Welcome to 'Crypto'

Posted: Sat Feb 06, 2021 6:29 pm
by fuckreddit
unapolligeticallllyyy destroyingh your economy argument

Re: Welcome to 'Crypto'

Posted: Tue Mar 01, 2022 5:30 am
by kriptopoulin
This is pretty cool.Thanks for the amazing information.It would be really appreaciated.