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What Does /pol/ Think of Cryptocurrency and It's Future? Anonymous 11/28/2017 (Tue) 15:58:31 Id: 2484ad [Preview] No. 61889
I posted two articles today; both from ZH; at the main /news/ board.

Two topics are about the same issue and should intrigue people. This issue is major and I can assure you this won't go away anytime soon.

First Report: "Cryptocurrencies Are Crushing Banks In Competition And Central Bankers Are In Full Panic Mode"

h ttps://archive.fo/amXmU

Second Follow-up: "The Future of Fiat Currency Is Being Debated & Fought Over By Global Governments: How To Deal With Cryptocurrency"

h ttps://archive.fo/iZeNx

I assume the kikes are running scared and are currently trying to deal with this huge issue that has the potential to derail their current fiat currency / central banking system.

What does /pol/ think about this?

Anonymous 11/28/2017 (Tue) 20:32:45 Id: 780c28 [Preview] No.61909 del
The /newds/ thread said specifically that crypto-currency is "our new Enemy No. 1". What I know about Bitcoin is, back when Silk Road was seized by the FBI, I should've bought as many as I could afford when the stock was at $113. The market value now equals $9,985 for one Bitcoin. Kristoffer Koch is said to have bought 5,000 in 2009. x the current rate, that's $49,925,000

Jews are already on this, promoting Zcash. Israel developed, and the Israeli Ministry of Science, Technology, and Space being the main sponsor. It may be a fallback plan by worldwide banking institutions against the hyper-inflation of printable currency in the foreseeable future.

Anonymous 11/28/2017 (Tue) 20:40:45 Id: 780c28 [Preview] No.61910 del
That is, he bought 5,000 Bitcoins for only $27. Lucky bastard.

Anonymous 11/28/2017 (Tue) 23:07:25 Id: 7e7193 [Preview] No.61911 del
I don't know anything about crypto-currency, but investing fake money to get something real can only be a good move. For my part, I'm going to be investing my fake money into real trailers. Not really glamorous, but it's an attainable start without needing massive bank loans.

Anonymous 11/30/2017 (Thu) 08:47:10 Id: 595686 [Preview] No.61933 del
Bitcoin itself is no longer useful as a currency. The amount of energy and the associated fee required to process one transaction is too great to make Bitcoin useful for anything other than a new asset. But why would you even want this asset? Gold and other precious metals at least have some utility, so it makes sense to purchase them as hedges against inflation or stock market crashes. Secondly, there's no military or police that is enforcing the use of bitcoin like how the IRS requires taxes to be paid in dollars or the US military requires oil to be traded in dollars. The value of bitcoin is purely driven by speculation.

Also, cryptocurrencies store every transaction on the blockchain. How exactly is that supposed to scale, and how are people supposed to use that for casual purchases? Smart phones or cards will be required for absolutely everything. Seems really inconvenient. Secondly, if there's a record of all transactions, then you can't make a transaction without the whole world knowing about it (although I think some of the other coins address this problem).

Cryptocurrencies like h ttps://w ww.xaurum.org/ make more sense to me, because they are essentially receipts for gold deposits traded over the blockchain. You could conceivably do the same thing with all futures contracts (natural gas, soybeans, stock funds, fiat currency pairs) and use them as money.

Anonymous 12/03/2017 (Sun) 12:15:42 Id: 2de652 [Preview] No.62042 del
(854.62 KB 2912x2008 Bitcoin guide.jpg)
It's a scheme to get the greatest opponents of electronic money become it's greatest supporters. It's the Donald Trump of economic liberties. Basically, they convince goyim that they are "fighting the system" by propping up a kike pyramid scheme that will eventually blow up into everyone's face, all while serving to abolish cash and make the "digital money" a new paradigm. It is also an experiment for getting rid of the global debt by creating the new fiat money.

>B-but bitcoins are limited
Inflation and deflation can be used for same purposes. Instead of manipulating the supply, you are manipulating the demand.

>B-but no one can track your payments
That's where you are wrong kiddo, you don't know who has the original crypto key

Anonymous 12/03/2017 (Sun) 21:54:17 Id: 57c208 [Preview] No.62055 del
laundering coin is simple enough. There are trusted parties out there.

Who has the original key....geez never thought about that one....

Anonymous 12/04/2017 (Mon) 00:34:38 Id: 7e7193 [Preview] No.62057 del
Is bitcoin Jewish made though? I thought their whole thing was worming their way into controlling the state's treasuries/banking.
Don't care one way or the other, don't use the stuff, but it's THE topic for alternate currency nowadays.

Anonymous 12/04/2017 (Mon) 12:19:29 Id: 780c28 [Preview] No.62062 del
Bitcoin originated from "Satoshi Nakamoto", who claims he lives in Japan though the name is considered to be a pseudonym.

Anonymous 12/04/2017 (Mon) 21:05:38 Id: f6c904 [Preview] No.62069 del
Secondly, there's no military or police that is enforcing the use of bitcoin

So far... and that's a GOOD thing anon.

>The value of bitcoin is purely driven by speculation.

One could argue that the same goes with any fiat currency, including the US dollar.

>Smart phones or cards will be required for absolutely everything.

Oh, yah? (((They))) sure hope that's the case and are pushing for it but I'm not going along with that and neither are a lot of like-minded people. I'm storing essential assets, guns/ammo, a bit of cash and some gold/silver coins just encase. Paying down my debts. But shit, I don't have a "smartphone" anyway, I have a flip phone. What are they going to do, mandate everyone have a 'smartphone' in the future? Fuck them.

Anonymous 12/04/2017 (Mon) 21:10:16 Id: f6c904 [Preview] No.62070 del
This actually makes sense which is why I have always been critical of Bitcoin. However, the blockchain allows for the use of an array of different cryptocurrencies and there is no way for one entity to control them all. So who knows? We might see their grip on this tech start to slip away (like has happened with the internet today).

Anonymous 12/05/2017 (Tue) 02:31:41 Id: 780c28 [Preview] No.62072 del
What happened today? I've been busy as fuck. Don't see anything on /newds/ about it yet. Guessing it has something to do with net neutrality winning out (which I don't believe for a second).

Anonymous 12/06/2017 (Wed) 07:57:13 Id: ea4efd [Preview] No.62116 del
>Bitcoin itself is no longer useful as a currency.
Immediately stopped reading. Please nobody listen people like this.

Anonymous 12/06/2017 (Wed) 07:59:36 Id: ea4efd [Preview] No.62117 del
>new fiat money.
>you don't know who has the original crypto key
Le hack my bitcoins meme.

Buy bitcoin or get left behind cuck.

Anonymous 12/06/2017 (Wed) 18:18:20 Id: 595686 [Preview] No.62125 del
It isn't though. Do you know how much electricity it takes to process a transaction?

h ttps://w ww.bloomberg.com/view/articles/2017-11-14/bitcoin-s-high-transaction-fees-show-its-limits

Wanna pay $6 to buy a cup of coffee? Because that's what you have to do if you want to use Bitcoins. Bitcoin is more like digital Gold at this point. Except real gold actually has some utility whereas bitcoin has no use other than to be traded.

Fiat currency would be fine if it weren't for the fact that it is loaned to us at interest by a Central bank that is totally owned by Kikes.

Anonymous 12/07/2017 (Thu) 06:02:23 Id: 16cbd4 [Preview] No.62145 del
i agree mostly with this.

i think if you put money in bitcoin right now you can make impressive returns. gaining $1000 almost daily. but as for holding it long term - NO.

crypto / the blockchain is here to stay. it offers technological advantages over current systems. transactions completing in minutes rather than hours or days. yet i can't see how banks will simply do nothing "oh no you've killed us goy, we'll go sulk now". current crypto will be attacked and demonized. even if they can't destroy it outright they can destroy the market by passing laws and regulations preventing its common use. and if not widely used will be relegated to remain only a meme.

i cannot see (bitcoin especially) current crypto as a wise long term investment. yet i see blockchain as the new paradigm. current cryptos will be subverted and one way or another banks will attempt to force a transition to a crypto they developed, one controlled by them. it will likely have features such that there is no limit on coin creation and all transactions can be easily tracked. combine this with rfid for simple transactions and you have:
>a crypto that allows infinite creation of coins
>allows simple usage by common people
>allows easy tracking and logging of all transactions by those who administer the blockchain
>allows easily banning users (by banning their rfid)
>assuming this crypto becomes a new global standard for transactions - which it easily can by force of law, ease of use, and initial economic incentives (universal income perhaps?), being banned would effectively prevent all transactions, buying or selling.
<in the future you're identified as a bad goy so they disable your ability to buy and sell with their crypto. everyone uses this crypto so there is no alternative way to buy or sell. you're fucked.
you see how this devolves into a 666 dystopian scenario. the scariest thing is this is closer on the horizon than most will admit. the technology is already here, all it requires is the elimination of alternatives and the correct economic motivation. probably a large war, costly for all sides, and a collapse of the USD prompting global economic reform and global cooperation in rebuilding.

the best thing you can do now is pay down your debts, acquire rural land, guns, ammo, and food. disentangle yourself from government (don't have a government job or a private sector job that relies directly on government). invest in family and yourself. if you have other assets, move them away from fiat and diversify into crypto, more land and guns and ammo, and precious metals.

if you use crypto speculatively as a way to pay down your debts and acquire these things and your financial independence i won't fault you. but be wary of crypto - the boom won't last forever and there's a bust coming soon.

Anonymous 12/07/2017 (Thu) 06:11:30 Id: 16cbd4 [Preview] No.62146 del
>Fiat currency would be fine if it weren't for the fact that it is loaned to us at interest by a Central bank that is totally owned by Kikes.
THIS. every time it's been tried it's worked spectacularly and in turn it's been attacked, subverted, and destroyed.

i recommend watching the money masters by bill still if you haven't yet.
h ttps://w ww.youtube.com/watch?v=HBk5XV1ExoQ

Anonymous 12/07/2017 (Thu) 06:17:56 Id: 16cbd4 [Preview] No.62147 del
>diversify into crypto, more land and guns and ammo, and precious metals.
i want to add, although the market is inflated you should diversify into stocks as well. don't do so blindly. you can observe certain macroeconomic trends - stocks in these industries will perform better.

Anonymous 12/30/2017 (Sat) 02:43:21 Id: 04a7fe [Preview] No.62814 del
The cryptocurrency which fill a niche for the community will see the most growth.

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