cryptocurrency

[HippoNipple]

Originally Posted by Schaduwridder [You must be logged in to view images. Log in or Register.]

As for sending money to anyone in the world, we already have paypal , payoneer, bank wires and credit cards.

Those forms of money payment have nothing to do with Crypto. The point of Crypto is to avoid currency manipulation by government. They can print more money which will devalue what you have. The US does this but not to the extent you see it in some countries where the value of their currency goes down 10% a year. Whether or not you think Crypto does a good job at this or not is one discussion, but paypal just sends something like USD from one person to another. You are completely missing the point.

[White_knight]

Bitcoins can be printed too -- Old Joe inventor can just release 5,000,000 million more coins overnight.

Why do bitcoins have to be mined in the first place? Such a wierd concept for a modern currency.

-hey lets make this new internet currency that has no tangible assest value backing it up.
-hey why dont we make it so people need to mine for it too as if it's some sort of real life Eve Online game.

*watch as idiots with FOMO scramble over their finances to buy them as wealthy men with tangible RL assets use Bitcoin as one of the biggest pump and dump scams ever seen in History*

[Schaduwridder]

Originally Posted by White_knight [You must be logged in to view images. Log in or Register.]

Bitcoins can be printed too -- Old Joe inventor can just release 5,000,000 million more coins overnight.

Why do bitcoins have to be mined in the first place? Such a wierd concept for a modern currency.

-hey lets make this new internet currency that has no tangible assest value backing it up.
-hey why dont we make it so people need to mine for it too as if it's some sort of real life Eve Online game.

*watch as idiots with FOMO scramble over their finances to buy them as wealthy men with tangible RL assets use Bitcoin as one of the biggest pump and dump scams ever seen in History*

the mining concept had to do a lot with the people who started bitcoin owning mining technology companies that magically disappeared soon as bitcoin bombed. Again, more of the scam which few were involved in.

[Schaduwridder]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

Those forms of money payment have nothing to do with Crypto. The point of Crypto is to avoid currency manipulation by government. They can print more money which will devalue what you have. The US does this but not to the extent you see it in some countries where the value of their currency goes down 10% a year. Whether or not you think Crypto does a good job at this or not is one discussion, but paypal just sends something like USD from one person to another. You are completely missing the point.

Yea because you cant just "Mine" More garbage coins right?

the Japanese guy who invented bitcoin can generate as many as he wants and no one will know I guarantee it.

Wonder how many he had / sold, don't forget he was a professional banker ( and you are dirt poor )

[HippoNipple]

Originally Posted by Schaduwridder [You must be logged in to view images. Log in or Register.]

Yea because you cant just "Mine" More garbage coins right?

the Japanese guy who invented bitcoin can generate as many as he wants and no one will know I guarantee it.

Wonder how many he had / sold, don't forget he was a professional banker ( and you are dirt poor )

I get you think it is a scam and that is a legitimate argument. I was just pointing out that Paypal isn't a substitute and has no reason being in the discussion.

[Wonkie]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

Those forms of money payment have nothing to do with Crypto. The point of Crypto is to avoid currency manipulation by government. They can print more money which will devalue what you have. The US does this but not to the extent you see it in some countries where the value of their currency goes down 10% a year. Whether or not you think Crypto does a good job at this or not is one discussion, but paypal just sends something like USD from one person to another. You are completely missing the point.

what you attribute to government i attribute to growth. problem is i'm right.

thereby and forthwith i grant thee the rank of "Major Dumbass"

[Tassador]

Shades down doge up while you mother fuckers bounce to this.

[pickled_heretic]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

what you attribute to government i attribute to growth. problem is i'm right.

thereby and forthwith i grant thee the rank of "Major Dumbass"

Practically the the only reason why the USD loses value is because more of it is printed every year.

Almost every other force at work (global reserve currency usage, GDP growth, trade deficits, loans etc.) causes the value of US currency to increase.

[Wonkie]

Originally Posted by pickled_heretic [You must be logged in to view images. Log in or Register.]

Practically the the only reason why the USD loses value is because more of it is printed every year.

Almost every other force at work (global reserve currency usage, GDP growth, trade deficits, loans etc.) causes the value of US currency to increase.

enlighten me, sage.

why is more printed?

[pickled_heretic]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

enlighten me, sage.

why is more printed?

Why do you think more money is printed?