for the sake of simplicity, it would be best to assume there's only bitcoin right now.

buy a farm

but if you can't buy a farm.. or you don't want silver..

there's bitcoin. internet money. digital scarcity

simplest of level. it's a database that anyone can download and see all the transactions that ever happened.
security works on better cryptography than your bank account.

you generate an address based on some complicated math. the private key is only known to you and it's what allows you to say: "i own the money on that address, so i can spend it"

when bitcoin was created, it was in the code that there's only gonna be 21 million available ever

when you "mine" bitcoins are created over time until that 21 mil mark

we're 3/4 of the way there now

because scarcity

because paypal without asking

permission

it's like paypal and gold mixed together

it can - but like someone pointed out - those are fault points

I've used crypto to directly trade

I want your thing or do some work for me...

you can go through 3rd parties if you want..

I could deposit bitcoin at Quadriga and have it sent to my bank account directly

if Quad doesn't want to play, I can go elsewhere

or I can trade it in person like I would a silver coin

there's a huge OTC market. localbitcoin is another option

it connects people

like a buy and sell forum, the website escrows your coins during the deal (holds it so no one cheats)

ok, so..

china bans bitcoin all the time

india bans bitcoin all the time

it just gets more popular because that's like erasing the gold standard back in the day. do you guys know the history of that?

when the gold standard got whiped out, it was illegal to use gold to transact

so.. is it worth "less" because of that?

the short answer is yes... but the long answer is no

so, some countries try to ban bitcoin, and other countries are like: holy shit, we are making good tax money on capital gains, come to our country

what do you think is gonna happen?

canada is pretty pro crypto btw

as long as you declare it

so, they won't shut down the exchanges if they make shitloads of moneyz

Venezuala.

you guys know about inflation? 😃

sorry. i don't know what you know

some people dont

i havent'

i don't know what it is

i know it's part of the US constitution

anyway..

you're not the only one here. someone might not

i'm pretty done unless you have questions?

I tried to explain it..

banks could ban bitcoin, there's other countries that don't care and will just make money off of it.

bitcoin is being recognized as legit tech, so rational countries like canada are just taxing it

Germany is very pro as well

so, if the ability to get your money out through the tradional system fails, it could lose value but would still function as a peer-to-peer method of transfering value.

ok

its not

fiat is based on trust

in your gov 😂

would you rather trust open source that anyone can contribute?

open source, anyone can contribute: the code says there's only 21 million

😂

yes, and the USD is being printed at the whims of politicians to bail out banks during financial crisis

while you suffer inflation

the US dollar used to be good for gold, now i can redeem it for trust in God 😂

not saying it's not doing good. I wish I had bought more in 2009 at 1:1 😛

a'ight

when your friends get lambos, dont come cryin' 😂

lambos is a term used in crypto for getting rich

lol

yes, yes it is

some douchebag

exactly

¯\_(ツ)_/¯

I'm not trying to tell you guys to invest. sorry if it comes off that way

k

I tried to tell you about scarcity... everyone is saying i'm a douche, so i'm not trying to push too much.

the code is open source.

that's correct

we've been using paypal to send money online

and things like western union..

what isn't?

bitcoin?

it isn't, no.

I can't send a USD to China without a 3rd party or flying there and going through borders

it goes through a bank, it's not a dollar note i hold anymore, so they control it while it gets sent.

if they deplatform you, like we've seen happening, you can't send or recieve money on paypal for example

k

i'm not advocating for crimminal activities

but we've seen people get de-platformed for no reason

if someone in power decides that you're a criminal, even if you're not, they can freeze your account, stop paypal access, etc

it's at the whims of SOMEONE is the point

with crypto, you can't stop me from sending money to an address

that's where people see value in it.

then i'm #fired

of it only ever having 21 million in existance. it's secured by math and electricity providing digital proofs

deuces?

poo?

it's worth something to someone

bugs'll eat it, birds eat the bugs

religion based on open source software?

sup, Miss?

gross

sitting or standing?

the pics will be scarce, wanna buy em?