The echo chamber seems to be inside forum groups like here for example.I feel sorry for these young kids who invest in crypto without every cashing out. They see crypto as a savior from having to participate in the labor force or the real world. They lock themselves away in an echo chamber of never ending crypto shilling youtube videos and crypto news sites ran by pumper and dumpers and people with ulterior motives than their best interests. There is severe cognitive dissidence that occurs in the mind of such people that crypto can never be clamped down on despite the facts. A somehow euphoric belief that the wild west of crypto will never come to an end. A psychotic disillusion that btc or even xrp wil take over the world as the new global currency. Some even think they will replace the dollar. This is lies pumped to them by early adopters and investors looking to pump their holdings. This naivety and brainwashing has no boundaries sadly. Hence government has to step in and control the situation with tough regulations before it gets out of control and people lose everything. In the future what we will see is most cryptos become more and more undesirable as the promises they give are never delivered. In the end only a few native protocol cryptos will exist such as ETH or a similiar competitor. Bitcoin will have sentimental value but very little real world use unless it radically adapts which is not without resistance.
Anyway stay safe, diversify wisely and don't pin all your hopes on cryptos as dreams don't often come true.
Rant over
yep. or a technical flaw which might very well could be an option. So the more complex it is (eth vs. bitcoin) the higher the chance of such a glitch could materialize and have grave consequences.Whole Banking system , Even Fiat currency note works on the rule of "Trust".
As long as People "trust and use" Crypto will survive.
Only one thing can stop this is People stop using this.
true but USD is trusted because it's issued and backed by the most powerful country with strongest army etc. crypto currencies are not backed by any serious power only by beliefWhole Banking system , Even Fiat currency note works on the rule of "Trust".
As long as People "trust and use" Crypto will survive.
Only one thing can stop this is People stop using this.
true but USD is trusted because it's issued and backed by the most powerful country with strongest army etc. crypto currencies are not backed by any serious power only by belief
*still*true but USD is trusted because it's issued and backed by the most powerful country with strongest army etc. crypto currencies are not backed by any serious power only by belief
Martin is great at throwing s**t into the fan about the crypto.
Despite the fact of the last few years, he spend hundreds hours for KYC of their banks and think how to save his capital with near zero interest bonds, while crypto kids became millionaires, because for same few years crypto grows for hundred of times
Funny how the highest volume crypto i.e USDT is backed by fiat and USD bank instruments......lol. Proves the point of what people think is stable and safe.
Looks at these lies you post now....lol. I have held my AAA long dated treasuries for years that provide a good yield as I mentioned before. My bonds are ring fenced and very rarely move. Not sure where you got 100's of hours of KYC from .
P.S Crypto kids speculating on crypto can make you money like any form of speculation. However most people don't get lucky at the casino table.
The issue here is that you think Crypto is speculation and you are not understanding that it is real investment into an instrument that solves a massive problem.
Where do you draw the line between what is an "investment" and what is speculation?
How can you not acknowledge that the idea of crypto in general is a real asset class and not wild speculation?
And BTW I'm talking about real, old projects that have real use case like BTC, ETH, XMR,
Looks at these lies you post now....lol. I have held my AAA long dated treasuries for years that provide a good yield as I mentioned before. My bonds are ring fenced and very rarely move.
Not sure where you got 100's of hours of KYC from.
Business as usual, these f*****s don't understand the s**t that they slap laws on, like if you hold a fungible coin that's called X. how can you prove that this 1 x isn't the same as any other X on the blockchain. spoiler: they can't. and that's what happens with monero. It's fungible and private by default and no matter how hard they try they can't do anything to stop it, unless they want to infiltrate the company behind it, which (spoiler#2) doesn't have a company, So how can they shut down something that they can't even reach.hehe that will be funny when all sensitive info is being written in each transaction which actually is trivial to do Adding custom data to bitcoin transaction – Cloud Invent
It seems the lobbyists just try to replicate swift with a caveat of how they will be able to enforce that. They have to bring the miners to stop every transaction which does not have these info in it.
And then we have lightning. How can this be enforced there?
Being an eu bureaucrat is a tough job.
Nope. simple because both regular and OTC p2p crypto is still a thing, parties in a p2p trade can be a financial service provider, a money exchanging desk, regular companies or individuals.If this goes ahead, privacy coins will be effectively shut out of access to the regulated financial system. With no fiat on-ramps or off-ramps (or only clandestine/illegal ramps), privacy coins become useless unless accepted and perceived to hold value in and off themselves.
XMR to BTC to fiat won't work because the KYC will kick in demanding SOW for the BTC. Once it becomes known that it's XMR, the trade is cancelled and the person risks getting blacklisted and having an SAR filed.
People would still use it and there would still be ways to turn privacy coins into fiat, but it will be difficult, expensive, and risky.
Is this your examples of real crypto investments? What is your "real use case" for XMR for example ?
Is the real estate which in many countries has simply inadequate prices have a good level of risk?The high level of risk involved.
Venture investment, no worse than investing in startupsWhat sort of investment is it?
there are lots of examples but a great example is Crypto ETPs, see:You can't generalize the word crypto. Give me a specific example of a single real crypto investment?
What is your good yield for same period?
It's a what I meant saying your bonds literally zero interest compared to the crypto grow.
But sure, your 5% of 20 years bonds(or what you are have now) are cool in terms comparing to other today bonds.
From the beginning of the 2017 BTC holding to today date increased in value for 3300%.
From your posts, where do you actively boast having 100+ account in different bank. Regularly reported that one or another bank are closed your account or collapsed (just remember sata, city, georgia one and other shitty places where you had account).
How about the most viable solution to untraceable digital cash at the moment... There's a reason darknet markets are all adopting it; these people are risking their lives and put their trust in it. You really, honestly believe that there isn't a use case/need for a digital, fungible, untraceable currency?
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