Page 1 of 20 1234511 ... LastLast
Results 1 to 15 of 295

Thread: Is crypto currency the future?

  1. #1 | Top
    Join Date
    Jul 2006
    Posts
    148,424
    Thanks
    47,950
    Thanked 25,630 Times in 19,816 Posts
    Groans
    15
    Groaned 18,973 Times in 17,583 Posts
    Blog Entries
    8

  2. The Following User Says Thank You to evince For This Post:

    Dutch Uncle (12-18-2021)

  3. #2 | Top
    Join Date
    Feb 2020
    Posts
    57,496
    Thanks
    19,940
    Thanked 12,857 Times in 10,427 Posts
    Groans
    710
    Groaned 1,666 Times in 1,607 Posts

    Default

    Quote Originally Posted by evince View Post
    Is is a good thing?
    Maybe. It helps the criminal enterprises to thrive uninterrupted.
    Dachshund Lives Matter

    Quote Originally Posted by Legion View Post
    please don't troll.



  4. The Following 4 Users Say Thank You to AProudLefty For This Post:

    Celticguy (12-18-2021), Dutch Uncle (12-18-2021), evince (12-18-2021), McRocket (12-18-2021)

  5. #3 | Top
    Join Date
    Mar 2020
    Location
    Texas
    Posts
    66,363
    Thanks
    21,919
    Thanked 31,779 Times in 24,891 Posts
    Groans
    2
    Groaned 2,258 Times in 2,216 Posts
    Blog Entries
    2

    Default

    Quote Originally Posted by evince View Post
    Is is a good thing?
    One step different than paper money not backed by gold.

  6. The Following User Says Thank You to Dutch Uncle For This Post:

    AProudLefty (12-18-2021)

  7. #4 | Top
    Join Date
    Mar 2020
    Location
    Texas
    Posts
    66,363
    Thanks
    21,919
    Thanked 31,779 Times in 24,891 Posts
    Groans
    2
    Groaned 2,258 Times in 2,216 Posts
    Blog Entries
    2

    Default

    Quote Originally Posted by AProudLefty View Post
    Maybe. It helps the criminal enterprises to thrive uninterrupted.
    All that cocaine and fentanyl for the US won't pay for itself!

  8. The Following 2 Users Say Thank You to Dutch Uncle For This Post:

    AProudLefty (12-18-2021), evince (12-18-2021)

  9. #5 | Top
    Join Date
    Jul 2006
    Posts
    148,424
    Thanks
    47,950
    Thanked 25,630 Times in 19,816 Posts
    Groans
    15
    Groaned 18,973 Times in 17,583 Posts
    Blog Entries
    8

  10. #6 | Top
    Join Date
    Jul 2006
    Posts
    148,424
    Thanks
    47,950
    Thanked 25,630 Times in 19,816 Posts
    Groans
    15
    Groaned 18,973 Times in 17,583 Posts
    Blog Entries
    8

  11. #7 | Top
    Join Date
    Jul 2006
    Posts
    148,424
    Thanks
    47,950
    Thanked 25,630 Times in 19,816 Posts
    Groans
    15
    Groaned 18,973 Times in 17,583 Posts
    Blog Entries
    8

  12. #8 | Top
    Join Date
    Mar 2018
    Location
    USA
    Posts
    31,207
    Thanks
    21,390
    Thanked 16,680 Times in 11,435 Posts
    Groans
    0
    Groaned 5,548 Times in 4,829 Posts
    Blog Entries
    1

    Default

    No way I'm trusting that stuff. Looks like a scam.

    I like my money secured by the full faith and credit of the United States of America.

    I imagine people will come up all kinds of get rich easy schemes, oh just print your own money, and then there will be big rip-offs where people got stung, and then that will be the end of it. Nobody will accept it.

    It's not safe. Stay away.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.

  13. The Following User Says Thank You to PoliTalker For This Post:

    evince (12-18-2021)

  14. #9 | Top
    Join Date
    Mar 2018
    Location
    USA
    Posts
    31,207
    Thanks
    21,390
    Thanked 16,680 Times in 11,435 Posts
    Groans
    0
    Groaned 5,548 Times in 4,829 Posts
    Blog Entries
    1

    Default

    It's a big energy waster.

    It takes all kinds of computing power to create it, lots of computers, and then you gotta pay the electricity to run 'em all, and then you gotta pay for HVAC to cool the room, all for a few dollars' worth. The value of which is highly uncertain. You could get stung with a bunch of computers you don't need and some big power bills.

    What a dumb thing to be doing in this day and age when we need to be limiting energy use as much as possible.

    Jimmy Carter is right. It's not about what you own. It's about what you do.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.

  15. The Following User Says Thank You to PoliTalker For This Post:

    McRocket (12-18-2021)

  16. #10 | Top
    Join Date
    Jul 2009
    Posts
    111,160
    Thanks
    9,299
    Thanked 32,101 Times in 25,512 Posts
    Groans
    3,079
    Groaned 2,405 Times in 2,295 Posts

    Default

    desh, put your retirement security on a computer chip........do it before Christmas.
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

  17. #11 | Top
    Join Date
    Jul 2006
    Posts
    148,424
    Thanks
    47,950
    Thanked 25,630 Times in 19,816 Posts
    Groans
    15
    Groaned 18,973 Times in 17,583 Posts
    Blog Entries
    8

    Default

    Quote Originally Posted by PostmodernProphet View Post
    desh, put your retirement security on a computer chip........do it before Christmas.
    You racists are totally fucked


    Enjoy what you did to yourselves

  18. #12 | Top
    Join Date
    Jul 2006
    Posts
    148,424
    Thanks
    47,950
    Thanked 25,630 Times in 19,816 Posts
    Groans
    15
    Groaned 18,973 Times in 17,583 Posts
    Blog Entries
    8

  19. #13 | Top
    Join Date
    Sep 2018
    Posts
    39,314
    Thanks
    13,641
    Thanked 7,466 Times in 6,608 Posts
    Groans
    11
    Groaned 434 Times in 424 Posts

    Default

    Quote Originally Posted by evince View Post
    Is is a good thing?
    Cryptocurrency is already here.
    " Abortion is not a moral issue. " -- BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "Trump was not a conservative." --Jarod

    Everything else debunked here

  20. #14 | Top
    Join Date
    Sep 2018
    Posts
    39,314
    Thanks
    13,641
    Thanked 7,466 Times in 6,608 Posts
    Groans
    11
    Groaned 434 Times in 424 Posts

    Default

    Quote Originally Posted by AProudLefty View Post
    Maybe. It helps the criminal enterprises to thrive uninterrupted.
    No, it doesn't help the government.
    " Abortion is not a moral issue. " -- BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "Trump was not a conservative." --Jarod

    Everything else debunked here

  21. #15 | Top
    Join Date
    Dec 2021
    Posts
    1,138
    Thanks
    551
    Thanked 269 Times in 217 Posts
    Groans
    2
    Groaned 15 Times in 14 Posts

    Default

    Cryptos are probably here to stay (at least until governments can figure out how to read the transactions).
    There are too many organized criminals and terrorists that love it/use it for it to ever die completely.

    As a form of major currency?
    Forget it.
    The following are countries where Bitcoin is banned or limited by the governments (and the list keeps growing):

    https://cryptonews.com/guides/countr...d-or-legal.htm

    If, say, Bitcoin took off as a major currency in America?
    That would mean that people could get their pay and pay their bills in Bitcoin.
    That would mean the IRS would have no way to track your income.

    Does anyone seriously think that the feds are just going to let gigantic percentages of their tax income go down the drain?
    Forget it.

    If cryptos ever get big enough in America - the government will ban them.
    Period.
    They would be mega-stupid not to.

    So no, cryptocurrencies - that are encrypted and whose transactions are virtually unreadable?
    Will almost certainly NEVER be mainstream currencies in medium/major countries.

    But...that does not mean they will not stick around and get even more valuable than they are.
    Or...they could collapse to almost nothing.

    Me?
    I am NOT invested in them.
    A nothing currency that is backed by nothing that uses HUGE chunks of power and governments hate AND that an EMP pulse could destroy in a millisecond?
    PASS.

  22. The Following User Says Thank You to McRocket For This Post:

    AProudLefty (12-18-2021)

Similar Threads

  1. UK currency collapses.
    By moon in forum Current Events Forum
    Replies: 0
    Last Post: 03-18-2020, 04:22 PM
  2. Crypto-fascism
    By evince in forum Current Events Forum
    Replies: 1
    Last Post: 08-16-2017, 05:37 PM
  3. One world currency
    By wiseones2cents in forum Current Events Forum
    Replies: 92
    Last Post: 12-03-2013, 12:49 PM
  4. One world currency...???
    By Jarod in forum Current Events Forum
    Replies: 12
    Last Post: 06-20-2010, 08:12 AM
  5. Gov without fiat currency
    By AssHatZombie in forum Off Topic Forum
    Replies: 5
    Last Post: 12-23-2007, 07:05 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •