It finally happened, BITCOIN broke past $100K!

[Marshal]

Like I said, mining in the way you spoke about your activities, is just a way to make a bit of free money on the side. The primary purpose of BTC is still to be a currency. Your post here addresses an argument that wasn't made -- leaving the problems still unrefuted:

The government now controls the sheeple's BTC...

It dictates how much can can be confiscated from you...

They dictate who you can send it to...

and if you are allowed to even keep it.

Basically, BTC is a glorified IRA account now, complete with regulations placed upon you. All because people misused a decentralised currency for a get rich quick scheme.

BTC could go to $1 Million but you are still at the mercy of all the above, and you don't have financial freedom.

Still pushing Monero? I doubt that it will become popular. Not anytime soon anyway. It's too complicated to convert to/from cash.

 

[cherry]

Still pushing Monero? I doubt that it will become popular. Not anytime soon anyway. It's too complicated to convert to/from cash.

I didn't mention it. There is no point shilling a coin on an internet forum because it won't change the world's financial paradigm. My posts are a discussion, I am alas not Elon Musk or Andrew Tate with any influence. And if it hasn't been made clear already, I'm against pumping cryptos for profit.

But given people on this forum like privacy, financial freedom and anonymity, my point is BTC is definitely not the one. Any (unrealized) profits people have in BTC so far, is not giving you financial freedom. And $100k may go to zero one day. For financial freedom, use Gold/silver for savings, Monero/cash for spending. There are other private cryptos like Zano and Zcash, but as it stands, XMR is leading. XMR also has the benefit of having a culture of a circular economy - a culture BTC doen't have. There are white-hat marketplaces that deal exclusively in XMR because they want to be private and not be regulated by the government. You can buy cheese and furniture and the whole culture is that of decentralised currency - BTC's initial purpose.

You're not supposed to convert cryptos to/from cash. But you can obtain it easily enough on Haveno. Remember that BTC used to be hard to obtain/convert when it was new. This is a community infrastructure issue, not related to the coin.

 

[rss]

Remember that BTC used to be hard to obtain/convert when it was new.

So true, many of us who bought BTC p2p using cash are now facing some serious issues trying to cash out since we pretty much don't have any real Source of Fund docs.
if you used BTC the way it was intended to, its just as hard to convert it to cash as Monero.

 

[void]

The government now controls the sheeple's BTC...

no

It dictates how much can can be confiscated from you...

no

They dictate who you can send it to...

no

and if you are allowed to even keep it.

no

 

[happyjohn]

So true, many of us who bought BTC p2p using cash are now facing some serious issues trying to cash out since we pretty much don't have any real Source of Fund docs.
if you used BTC the way it was intended to, its just as hard to convert it to cash as Monero.

I don’t know in what amounts you need to exchange BTC for cash, but if it’s 20K or 30K every three months, you can easily manage that within a business setup.

 

[cherry]

So true, many of us who bought BTC p2p using cash are now facing some serious issues trying to cash out since we pretty much don't have any real Source of Fund docs.
if you used BTC the way it was intended to, its just as hard to convert it to cash as Monero.

It's a pain. Try Bisq via cash by mail, although fees are higher than CEXs. There are ways to keep BTC private but it's cumbersome. The BTC community, political landscape and blockchain isn't that way orientated.

 

[kislokan]

It's a pain. Try Bisq via cash by mail, although fees are higher than CEXs. There are ways to keep BTC private but it's cumbersome. The BTC community, political landscape and blockchain isn't that way orientated.

Bisq cash by mail? Sounds reliable lol