I assure you Bitcoin is going down to Zero in 2023!
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theoraticly gargabe.........btc would never receive its price without︄ the instant exchange to fiat.
Have a look what happened when mtgox went down.
Governments would just need to ban crypto-fiat gateways and crypto would lose 95% of its value.︅
Have a look what happened when mtgox went down.
Governments would just need to ban crypto-fiat gateways and crypto would lose 95% of its value.︅
This is already happening.
It was one of the countermeasures Russia took as a result of Western sanctions during the first Ukraine crisis in 2014. Even with Egypt such an agreement exists and is mostly used in the tourism industry.
... a badly managed exchange gone rogue in the early days of crypto. Nothing special hear.
The Tay Bridge Disaster of 1879 was also a result of poor construction︀ and badly managed railroad traffic. That did not mean that after this disaster trains stopped︁ at both sides of the Tay and people started using boats to cross it. They︂ just learnt from their own mistakes, built a more robust bridge and regulated railroad traffic︃ in a sense making way.
The way to a better future: Innovate -> Improve ->︄ Regulate!
It was one of the countermeasures Russia took as a result of Western sanctions during the first Ukraine crisis in 2014. Even with Egypt such an agreement exists and is mostly used in the tourism industry.
... a badly managed exchange gone rogue in the early days of crypto. Nothing special hear.
The Tay Bridge Disaster of 1879 was also a result of poor construction︀ and badly managed railroad traffic. That did not mean that after this disaster trains stopped︁ at both sides of the Tay and people started using boats to cross it. They︂ just learnt from their own mistakes, built a more robust bridge and regulated railroad traffic︃ in a sense making way.
The way to a better future: Innovate -> Improve ->︄ Regulate!
Finally, you hit the nail on the head. This is the problem. This is exactly why Bitcoin is not real money.
In fact, based on its original concept, if you read the original concept papers, it is an unmitigated disaster. Bitcoin will only survive in the long-run if it becomes real money. To do that, its volatility must stabilize.
The odds of that happening are not great, but it is within the︀ realm of the possible.
That is correct. (1) Make︂ crypto ownership illegal; (2) Ban the gateways; (3) Make the use of any crypto into︃ an automatic money-laundering crime. Then 99% of the population, and none of the institutional investors,︄ would touch crypto. Only criminal enterprises would use it, making its value plummet.
I am︅ not saying that this will happen, only that it would be simple for government to︆ do (once all the typical scare tactics are employed). All the deluded folks on this︇ forum who believe that COVID mRNA vaccines are safe, that masks work, and that this︈ was really a true pandemic prove that most people (even professed "free-thinkers") believe the government︉ -- despite easily verified, well-established scientific facts. By contrast, banning cryptos would be an extremely︊ easy sell to the public.
In fact, based on its original concept, if you read the original concept papers, it is an unmitigated disaster. Bitcoin will only survive in the long-run if it becomes real money. To do that, its volatility must stabilize.
The odds of that happening are not great, but it is within the︀ realm of the possible.
That is correct. (1) Make︂ crypto ownership illegal; (2) Ban the gateways; (3) Make the use of any crypto into︃ an automatic money-laundering crime. Then 99% of the population, and none of the institutional investors,︄ would touch crypto. Only criminal enterprises would use it, making its value plummet.
I am︅ not saying that this will happen, only that it would be simple for government to︆ do (once all the typical scare tactics are employed). All the deluded folks on this︇ forum who believe that COVID mRNA vaccines are safe, that masks work, and that this︈ was really a true pandemic prove that most people (even professed "free-thinkers") believe the government︉ -- despite easily verified, well-established scientific facts. By contrast, banning cryptos would be an extremely︊ easy sell to the public.
it happened already between china and russia.There is no more usd
it doesn't need to happen.people should first look who accumulated bitcoin 2009-2012 and who is till today playing the accumulation distribution game.
A hint it was JPM with reports showing they logged already 2010 50 times daily into crypto exchanges.
Its the same game accumulate cheap ,create a market and distrubute.
In their 2011 report they said they want a quick 2000% gain from bitcoin but something happened in 2013 which was not planned and which caused to keep bitcoin running till today as CNY needed time to prepare for getting a︀ world reserve currency.
A nice example for accumulation and distribution is NKLA .The bank got︁ the job for distribution and created a hype arround NKLA which price went up from︂ $2 to $90 and people joined because of greed to make a quick buck.They bought︃ NKLA from $20-90 .Once the dirstribution finished price went down to $40 later $25 and︄ today $7 a drop over 90% from its top
it doesn't need to happen.people should first look who accumulated bitcoin 2009-2012 and who is till today playing the accumulation distribution game.
A hint it was JPM with reports showing they logged already 2010 50 times daily into crypto exchanges.
Its the same game accumulate cheap ,create a market and distrubute.
In their 2011 report they said they want a quick 2000% gain from bitcoin but something happened in 2013 which was not planned and which caused to keep bitcoin running till today as CNY needed time to prepare for getting a︀ world reserve currency.
A nice example for accumulation and distribution is NKLA .The bank got︁ the job for distribution and created a hype arround NKLA which price went up from︂ $2 to $90 and people joined because of greed to make a quick buck.They bought︃ NKLA from $20-90 .Once the dirstribution finished price went down to $40 later $25 and︄ today $7 a drop over 90% from its top
lol
This will only make it rise higher and higher.
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Bitcoin is the last self-sovereign and decentralised form of wealth ever found in history. At least before the end of the 21st century, or end of life, there will never be anything like Bitcoin.
Don't listen to these selfish entrepreneurs and their manipulated︀ myths; read "Bitcoin Standard" by Dr. Saifedean Ammous and find the logic behind it by︁ yourself.
The beginning of it starts at the end✌️
Remember that they don't dare to︂ ban Bitcoin since it's a highly speculative decision; at the very least, they can use︃ people like you to stifle its growth before attempting a sideways takeover.
This will only make it rise higher and higher.
---
Bitcoin is the last self-sovereign and decentralised form of wealth ever found in history. At least before the end of the 21st century, or end of life, there will never be anything like Bitcoin.
Don't listen to these selfish entrepreneurs and their manipulated︀ myths; read "Bitcoin Standard" by Dr. Saifedean Ammous and find the logic behind it by︁ yourself.
The beginning of it starts at the end✌️
Remember that they don't dare to︂ ban Bitcoin since it's a highly speculative decision; at the very least, they can use︃ people like you to stifle its growth before attempting a sideways takeover.
what a bunch of garbage.....
if you can't exchange btc into fiat easily majority will leave bitcoin.It won't be accepted nearly anywhere.No ATM's no localbitcoin no bank transfer no nothing.
The next garbage is that bitcoin is decentralized and secure.
Since when ?You know how easily it would be for governments to run a 51% attack on bitcoin taking full control of everyone assets ?
in 2011 FBI already reported that they can trace 98% of all transaction to real owners and that the left 2% will be implemented via 3rd parties aka exchanges and services.
So who you wanna escape from with your s**t︀ bitcoin.
Make your money on bitcon but stop spreading the fud that bitcoin is a︁ realistic alternative
and to 313 what have you drunk ?You destroy structor of a coin︂ and you think price will go higher ?What garbage have you read from shillers
JPM can tank bitcoins price anytime they want to to 3 digits.
if you can't exchange btc into fiat easily majority will leave bitcoin.It won't be accepted nearly anywhere.No ATM's no localbitcoin no bank transfer no nothing.
The next garbage is that bitcoin is decentralized and secure.
Since when ?You know how easily it would be for governments to run a 51% attack on bitcoin taking full control of everyone assets ?
in 2011 FBI already reported that they can trace 98% of all transaction to real owners and that the left 2% will be implemented via 3rd parties aka exchanges and services.
So who you wanna escape from with your s**t︀ bitcoin.
Make your money on bitcon but stop spreading the fud that bitcoin is a︁ realistic alternative
and to 313 what have you drunk ?You destroy structor of a coin︂ and you think price will go higher ?What garbage have you read from shillers
JPM can tank bitcoins price anytime they want to to 3 digits.
That is exactly its problem. Up 10%. Down 10%. No one trusts it as money or as a store of value.
As 369 already noted, governments would just need to ban crypto-fiat gateways and crypto would lose 95% of its value. Bitcoin exists, in a free-wheeling form, for only as long as governments allow it.
As 369 already noted, governments would just need to ban crypto-fiat gateways and crypto would lose 95% of its value. Bitcoin exists, in a free-wheeling form, for only as long as governments allow it.
That is not logic. That is literalism. Obviously, by "no one" I meant the general public, who would need to widely accept Bitcoin as a stable store of value for it to become a real form of money.
Clearly, when I said "no one" I did not mean no one on the planet. Your literal interpretation is the exact opposite of logic.
Clearly, when I said "no one" I did not mean no one on the planet. Your literal interpretation is the exact opposite of logic.
Your and other comments make sense now. You can define words however you want and therefore your points will always be accurate.
Maybe we can even agree, as long as we're not using the actual meaning of words. We can all be correct, all the time.
There are no black swans! This is true in the general sense. (this makes me feel uncomfortable. i don't think i want to continue defining words in this way. i'd rather go back to the actual "literal interpretations" even if some people accuse them︀ of being the "exact opposite of logic")
Maybe we can even agree, as long as we're not using the actual meaning of words. We can all be correct, all the time.
There are no black swans! This is true in the general sense. (this makes me feel uncomfortable. i don't think i want to continue defining words in this way. i'd rather go back to the actual "literal interpretations" even if some people accuse them︀ of being the "exact opposite of logic")
You are the︀ person who brought up logic. Is it logical to purposefully read something completely out of︁ context so that it literally cannot apply to any situation? Obviously, when I said "no︂ one" I did not mean no one on the planet, because Bitcoin holders themselves trust︃ Bitcoin as money (and I doubt that most of them actually trust Bitcoin as a︄ true store of value). Obviously, I meant the general public.
Perhaps we just define "obviously" differently.
Whenever people say "no one " or "everyone", or "never" or "always"; people should question that.
Otherwise we can just say that "no one" can avoid unfair taxes from their current residence and/or citizenship or "everyone" must comply to FATCA or CRS or whatever because it is true︀ of "the general public". So we should just not bother with this forum?
Some people︁ come here to buy things, some people come here to sell things. But there are︂ quite a few of us who come here precisely because OffshoreCorpTalk is a place to︃ find and discuss solutions that the general public aren't informed about. Approaches that are novel︄ and of interest.
Bitcoin maximalists are almost always idiots. The same goes for their mirror︅ image. We live in a complex world and this is a place to explore that︆ complexity. Doing business outside of the traditional Western system is one of those areas to︇ explore, for those who are interested.
Whenever people say "no one " or "everyone", or "never" or "always"; people should question that.
Otherwise we can just say that "no one" can avoid unfair taxes from their current residence and/or citizenship or "everyone" must comply to FATCA or CRS or whatever because it is true︀ of "the general public". So we should just not bother with this forum?
Some people︁ come here to buy things, some people come here to sell things. But there are︂ quite a few of us who come here precisely because OffshoreCorpTalk is a place to︃ find and discuss solutions that the general public aren't informed about. Approaches that are novel︄ and of interest.
Bitcoin maximalists are almost always idiots. The same goes for their mirror︅ image. We live in a complex world and this is a place to explore that︆ complexity. Doing business outside of the traditional Western system is one of those areas to︇ explore, for those who are interested.
When I say "obviously," I mean that only two scenarios can possibly apply: either I meant the general public or I literally meant everyone, in which case I am a raving madman. The context was clear.
We wholeheartedly agree here. So, we can part as friends. 😀
We wholeheartedly agree here. So, we can part as friends. 😀
@369
You only talk nonsense and don't think about the implications...
Tell me how to disable the gateways, son.
Who will put a stop to the gateways?
How many should be banned?
Which one should be prohibited?
Should FTX be outlawed?
Coinbase? What about Binance?
What will happen to other coins backed by the government?
Okay, how about just banning Bitcoin only?
That's the master coin.
Are you trying to outlaw a coin that is used to exchange hundreds of other coins?
This just fuels the growth of Web3 (a blockchain-based website system) and P2P markets, pushing prices ever higher.
What's more, guess what?
You also want to restrict Visa and MasterCard?
What would you say to companies such as︀ MicroStrategy and Tesla?
Traceable?
Technically, it can be traced.
Nothing is untraceable in our world!︁
The severity of the traces is solely determined by the individual's intelligence.
What is a︂ 51% attack, anyway?
Man, I believe the forum's administrator should set an age limit.
You may not be aware that governmental actors in Russia, China, and the United States have︃ been attempting to shut down and abolish blockchain-based DAOs since their creation.
One of the︄ reasons for their market success is that no one has been able to take them︅ down.
I recommend delving into the game theory incentives of a blockchain network and how︆ they make it highly resistant to change or attacks, even from state-level actors.
Some governments︇ will continue to move toward totalitarian controls over Bitcoin ownership, and those that do so︈ will simply be shifting trillions of dollars in business activity offshore to countries with more︉ favourable regulatory environments.
Those countries will benefit so much from it that the rest of︊ the world will have to pick between falling behind or joining in.
As I have︋ stated, they are hesitant to ban Bitcoin since it is such a speculative decision. At︌ the very least, they can use people like you to restrict its growth before attempting︍ a sideways takeover.
Wait and watch 😉
You only talk nonsense and don't think about the implications...
Tell me how to disable the gateways, son.
Who will put a stop to the gateways?
How many should be banned?
Which one should be prohibited?
Should FTX be outlawed?
Coinbase? What about Binance?
What will happen to other coins backed by the government?
Okay, how about just banning Bitcoin only?
That's the master coin.
Are you trying to outlaw a coin that is used to exchange hundreds of other coins?
This just fuels the growth of Web3 (a blockchain-based website system) and P2P markets, pushing prices ever higher.
What's more, guess what?
You also want to restrict Visa and MasterCard?
What would you say to companies such as︀ MicroStrategy and Tesla?
Traceable?
Technically, it can be traced.
Nothing is untraceable in our world!︁
The severity of the traces is solely determined by the individual's intelligence.
What is a︂ 51% attack, anyway?
Man, I believe the forum's administrator should set an age limit.
You may not be aware that governmental actors in Russia, China, and the United States have︃ been attempting to shut down and abolish blockchain-based DAOs since their creation.
One of the︄ reasons for their market success is that no one has been able to take them︅ down.
I recommend delving into the game theory incentives of a blockchain network and how︆ they make it highly resistant to change or attacks, even from state-level actors.
Some governments︇ will continue to move toward totalitarian controls over Bitcoin ownership, and those that do so︈ will simply be shifting trillions of dollars in business activity offshore to countries with more︉ favourable regulatory environments.
Those countries will benefit so much from it that the rest of︊ the world will have to pick between falling behind or joining in.
As I have︋ stated, they are hesitant to ban Bitcoin since it is such a speculative decision. At︌ the very least, they can use people like you to restrict its growth before attempting︍ a sideways takeover.
Wait and watch 😉
You have completly no clue what you are talking about
coinbase,binance,ftx etc are all regulated so they would execute such a ban instantly if desired.
localbitcoin had already a short term ban where exchangers were hunted down for exchanging without license.
The major exchangers there now have an exchange license in their home country.
Like i said you have completly no clue about the background but just repeat the bs shill everyone can read on the internet not understanding the tech and integration into real world including its control mechanism.
It won't take 24 months and decentralized exchanges without kyc/aml will be hunted down no︀ matter if its a dao or not when trading security tokens/fiat
You know you︃ talk a lot of garbage knowing s**t.
They tried closind DAO's ?Good joke.
I was︄ one of the leaders of the first decentralized exchange (DPOS) in the world called bitshares︅ dex.It was a CMC top 3 coin in 2014.I know everything about DAO's DEX'es and︆ its technology,issues,solutions and i can guarantee you noone tried to close DAO's the only thing︇ what they did is create an environment which holds the people responsible who makes the︈ DAO possible since there is no offical owner but which is not being executed till︉ now.
Like i said you know s**t.Just the basic crypto shilling but no reality
coinbase,binance,ftx etc are all regulated so they would execute such a ban instantly if desired.
localbitcoin had already a short term ban where exchangers were hunted down for exchanging without license.
The major exchangers there now have an exchange license in their home country.
Like i said you have completly no clue about the background but just repeat the bs shill everyone can read on the internet not understanding the tech and integration into real world including its control mechanism.
It won't take 24 months and decentralized exchanges without kyc/aml will be hunted down no︀ matter if its a dao or not when trading security tokens/fiat
You know you︃ talk a lot of garbage knowing s**t.
They tried closind DAO's ?Good joke.
I was︄ one of the leaders of the first decentralized exchange (DPOS) in the world called bitshares︅ dex.It was a CMC top 3 coin in 2014.I know everything about DAO's DEX'es and︆ its technology,issues,solutions and i can guarantee you noone tried to close DAO's the only thing︇ what they did is create an environment which holds the people responsible who makes the︈ DAO possible since there is no offical owner but which is not being executed till︉ now.
Like i said you know s**t.Just the basic crypto shilling but no reality
Don't know if you guys saw it but bitcoins end could be arround 2025 if this bill will pass in the future.That date would match with my personal opinion.
https://coingape.com/eu-lawmakers-postpone-ban-proof-of-work-tokens/
https://coingape.com/eu-lawmakers-postpone-ban-proof-of-work-tokens/
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