Message from @Jacob

Discord ID: 512362605759692800


2018-11-14 20:22:45 UTC  

Crypto gains when it gets closer to becoming legitimate, but then loses its utility for anonymity. So if Crypto rebounds its gonna end up being like an extremely volatile fiat currency.

2018-11-14 20:22:47 UTC  

Aside from a slim minority nobody is using crypto to plan for retirement, and as less people learn about it and buy it it'll die down in the long-term and become more stable

2018-11-14 20:23:06 UTC  

lol I think have @Asatru Artist - MD

2018-11-14 20:23:15 UTC  

@Josh M. -OH It depends on which cryptocurrency in particular. Many of them have entirely different purposes than "your regular dollars".

2018-11-14 20:23:37 UTC  

@Jacob You're not going to use it to buy anything you could* with USD because it's too volatile. Why would you buy a pizza with something that could be worth a car in a year? That happened to people in 2013

2018-11-14 20:23:49 UTC  

So it's not a "currency" in that sense but an asset

2018-11-14 20:23:55 UTC  

@Jacob that's the thing. How to convince people to use it and the advantages over the thing their job pays them in.

2018-11-14 20:23:56 UTC  

I guess Im part of the Identity Erovpa JV squad

2018-11-14 20:23:57 UTC  

I thought bitcoin sucked because transactions take forever and you basically get “taxed” for every transaction.

2018-11-14 20:24:03 UTC  

Money is gay, I trade pelts for all of my financial transactions.

2018-11-14 20:24:11 UTC  

big doubt

2018-11-14 20:24:16 UTC  

@Patrick That's honestly a really bad argument. Why would you buy a pizza with dollars that you could invest?

2018-11-14 20:24:20 UTC  

Also it’s hard to buy stuff with.

2018-11-14 20:24:26 UTC  

@Deleted User you an arist ?

2018-11-14 20:24:39 UTC  

A halfrate one

2018-11-14 20:24:47 UTC  

oo

2018-11-14 20:24:59 UTC  

Yes, Bitcoin sucks a lot, but there's other cryptocurrencies that don't have the crazy problems of Bitcoin @Nerv - VA

2018-11-14 20:25:11 UTC  

When you going full Artist @Deleted User

2018-11-14 20:25:21 UTC  

Fox News is supporting CNNs lawsuit over press passes.

2018-11-14 20:25:38 UTC  

Idk, when I get better, I suppose

2018-11-14 20:26:04 UTC  

People who cling to Bitcoin must be suicidal, because it has absolutely zero advantages over other cryptocurrences.

2018-11-14 20:26:14 UTC  

We need a court to explain that privilege =/= rights.

2018-11-14 20:26:31 UTC  

@Jacob what do you think of monero?

2018-11-14 20:26:36 UTC  

>needing a court to explain that <:sad:366743316475281408>

2018-11-14 20:26:40 UTC  

okay man but I will be in need for an arist soon @Deleted User

2018-11-14 20:27:07 UTC  

You conscripting a painting or something?

2018-11-14 20:27:27 UTC  

@Nerv - VA Could be risky since it's only real use is criminals and political dissidents, but, at the same time, it has a very real use case that other cryptocurrencies don't

2018-11-14 20:28:22 UTC  

https://cdn.discordapp.com/attachments/481597551272001546/512363181092634624/image0.png

2018-11-14 20:28:23 UTC  

Because the USD only slowly, marginally and predictably changes in value, you will use it as a currency over the BTC that has none of these traits. 20 dollars in bitcoin changes rapidly to where it's useless as a method of exchange for anything you can buy with USD, and so it's not a crypto"currency" that'll end the Fed like the true believers want it to be

2018-11-14 20:30:45 UTC  

Okay, since some of you are wondering why anyone would crypto over your "regular dollars", I'll give you some reasons
> Some cryptocurrencies can be used to execute smart contracts, which is like a decentralized version of Amazon Web Services.
> Some of them have lower fees and transaction times than credit cards.
> They can't be manipulated by a central bank. Probably not that pertinent to you, but great for people in Venezuela.

2018-11-14 20:31:15 UTC  

@Patrick Why should I buy a pizza if I can buy stocks?

2018-11-14 20:31:33 UTC  

Because you're hungry and it's Friday night

2018-11-14 20:31:49 UTC  

Doesn't that happen to crypto users, too?

2018-11-14 20:31:53 UTC  

You're not going to use bitcoin to pay for it though

2018-11-14 20:32:07 UTC  

I know, because Bitcoin sucks

2018-11-14 20:32:28 UTC  

But if some decent cryptocurrency became popular enough that pizza places were accepting it, I don't see why I wouldn't use it

2018-11-14 20:33:13 UTC  

I wouldn't use it if it's anything close to as volatile as every cryptocurrency is today, because I would be losing out on everything that cryptocurrency could be worth in the future

2018-11-14 20:33:37 UTC  

Comparing this to USD, where I know it'll be only ever so slightly worse in the same amount of time gone by

2018-11-14 20:33:47 UTC  

You're already losing out on everything that potential investments could be worth in the future by spending dollars

2018-11-14 20:34:22 UTC  

If you choose to buy a pizza, aren't you missing out on the crazy stock market gains you could be making with those dollars?

2018-11-14 20:35:15 UTC  

Is this picture pro-Semitic, or anti-semitic?

https://cdn.discordapp.com/attachments/481597551272001546/512364914845679625/image0.png