Message from @oprahsminge

Discord ID: 496488305127325743


2018-10-02 01:04:14 UTC  

it isn't, no.

2018-10-02 01:04:38 UTC  

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

2018-10-02 01:04:42 UTC  

If you send someone money through Western Union, or Paypal, you're sending USD from one person to another.

2018-10-02 01:05:08 UTC  

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

2018-10-02 01:05:30 UTC  

Yes, they allocate funds within their vaults, essentially.

2018-10-02 01:05:36 UTC  

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

2018-10-02 01:05:58 UTC  

Stop

2018-10-02 01:06:04 UTC  

k

2018-10-02 01:06:08 UTC  

Let's be very clear here

2018-10-02 01:06:19 UTC  

PayPal relies on the credit backend

2018-10-02 01:06:28 UTC  

i'm not advocating for crimminal activities

2018-10-02 01:06:35 UTC  

Not what I'm saying.

2018-10-02 01:06:36 UTC  

Visa, Mastercard, Amex, Discover

2018-10-02 01:06:39 UTC  

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

2018-10-02 01:06:41 UTC  

I'm saying be clear on the target

2018-10-02 01:06:50 UTC  

Banks cannot simply deny you your money

2018-10-02 01:06:57 UTC  

Credit institutions can

2018-10-02 01:07:04 UTC  

What's far scarier than seeing Paypal censor people

2018-10-02 01:07:08 UTC  

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

2018-10-02 01:07:13 UTC  

is seeing Discovercard censor people.

2018-10-02 01:07:16 UTC  

I'm not saying "this isn't scary"

2018-10-02 01:07:18 UTC  

It is

2018-10-02 01:07:30 UTC  

it's at the whims of SOMEONE is the point

2018-10-02 01:07:42 UTC  

What I'm saying is before people rush out into the world, make sure you are sure of your target so you can't be kneecapped by detractors

2018-10-02 01:08:03 UTC  

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

2018-10-02 01:08:31 UTC  

that's where people see value in it.

2018-10-02 01:08:59 UTC  

Not getting it.

2018-10-02 01:09:13 UTC  

then i'm #fired

2018-10-02 01:10:45 UTC  

Okay, so the entire point of a currency is that it's representative of something else. It's a common, stable value. If a Dollar is under the Gold Standard, your dollar is worth a share of the gold. As a Fiat Currency, your dollar is worth a portion of the whole of the economy, including goods and services.

2018-10-02 01:10:58 UTC  

What, exactly, is Bitcoin a share of?

2018-10-02 01:11:16 UTC  

Or Etherium. or whatever, what are they a share of?

2018-10-02 01:11:59 UTC  

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

2018-10-02 01:12:33 UTC  

I drop a finite amount of deuces on the side of the road. That doesn't make any of them valuable.

2018-10-02 01:12:43 UTC  

deuces?

2018-10-02 01:12:46 UTC  

poo?

2018-10-02 01:13:00 UTC  

When you've got to go you've got to go.

2018-10-02 01:13:11 UTC  

it's worth something to someone

2018-10-02 01:13:29 UTC  

bugs'll eat it, birds eat the bugs

2018-10-02 01:13:45 UTC  

Hey roadcrypto.

2018-10-02 01:13:45 UTC  

The more you speak the more 'Crypto' looks like a religion.