Message from @RyeNorth

Discord ID: 496483141289246721


2018-10-02 00:43:34 UTC  

So as long as it can be exchanged into USD

2018-10-02 00:43:38 UTC  

it's like paypal and gold mixed together

2018-10-02 00:43:54 UTC  

When you use Paypal, you're exchanging USD.

2018-10-02 00:43:54 UTC  

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

2018-10-02 00:44:00 UTC  

I've used crypto to directly trade

2018-10-02 00:44:10 UTC  

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

2018-10-02 00:44:19 UTC  

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

2018-10-02 00:44:37 UTC  

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

2018-10-02 00:44:38 UTC  

but at that, you have to find someone willing to accept Crypto.

2018-10-02 00:44:46 UTC  

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

2018-10-02 00:44:58 UTC  

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

2018-10-02 00:45:11 UTC  

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

2018-10-02 00:45:15 UTC  

it connects people

2018-10-02 00:45:42 UTC  

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

2018-10-02 00:45:50 UTC  

I think the question we're circling toward is: What value would bitcoin have if it got cucked out of exchange for "normal" fiat?

2018-10-02 00:45:59 UTC  

ok, so..

2018-10-02 00:46:01 UTC  

Bingo

2018-10-02 00:46:04 UTC  

china bans bitcoin all the time

2018-10-02 00:46:10 UTC  

india bans bitcoin all the time

2018-10-02 00:46:35 UTC  

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?

2018-10-02 00:46:45 UTC  

Yes.

2018-10-02 00:46:48 UTC  

Go on.

2018-10-02 00:46:53 UTC  

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

2018-10-02 00:47:01 UTC  

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

2018-10-02 00:47:14 UTC  

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

2018-10-02 00:47:46 UTC  

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

2018-10-02 00:47:51 UTC  

what do you think is gonna happen?

2018-10-02 00:48:00 UTC  

canada is pretty pro crypto btw

2018-10-02 00:48:04 UTC  

as long as you declare it

2018-10-02 00:48:37 UTC  

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

2018-10-02 00:48:51 UTC  

Venezuala.

2018-10-02 00:48:56 UTC  

you guys know about inflation? 😃

2018-10-02 00:49:13 UTC  

The questions like that are super fucking annoying.

2018-10-02 00:49:18 UTC  

Just saying.

2018-10-02 00:49:24 UTC  

sorry. i don't know what you know

2018-10-02 00:49:28 UTC  

Hey guys, have you heard about the second amendment?

2018-10-02 00:49:30 UTC  

some people dont

2018-10-02 00:49:33 UTC  

i havent'

2018-10-02 00:49:34 UTC  

You know about the second amendment, right?

2018-10-02 00:49:38 UTC  

i don't know what it is

2018-10-02 00:49:49 UTC  

i know it's part of the US constitution