Anyone who talks about "the tech" or widespread adoption has brain worms

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384722)

"Haha it's just our policy"

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385346)

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384735)

I still don’t get how crypto translates into real, useable money. Let’s say I get a crypto wallet and someone sends me 0.09 BTC. How could I turn that into useable cash in hand, and how quickly? Pls explain.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384736)

Or you can use a bitcoin atm and cash out anonymously for a highish fee, they are all over the place and monitored by feds

But its hugely complicated and inefficient & solves a problem that never existed

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384739)

And that’s why I’m a nocoiner

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384795)

central banks know more people are waking up to this endgame, which is why guys like allaire are trying to make moves now to secure their spot during this transition period

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384741)

think about how much buzz tesla created when they took that first mover advantage. smart companies are already developing their crypto teams

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384760)

Tesla stopped accepting btc as payment

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384786)

average joe is fucking the banks (both central banks and wall street banks), and its 180. this is why institutions are trying to get into the game after seeing crypto develop to the point where defi is posing a legitimate threat to banks

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384796)

one cryptocurrency is trying to do that (and most people invested it don't believe that anyway), and all the others are just running scams

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384992)

idiots like nyuug become cultists and swear they will change the world or some shit Lmao

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384757)

said terramo did NOT like me pointing that out.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384778)

You abject idiot

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384759)

you’re a really smart person who totally knows what he is talking about ;-)

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384765)

smart contracts will never be widely used https://www.longhash.com/en/news/3324/DeFi’s-Oracle-Problem-May-Not-Be-Solvable

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384800)

Why the layers of obfuscation?

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384840)

Author: The Kraken!

Yes, the blockchain technology being deployed today to effect instantaneous transactions for complicated products with the ability to use metadata to customized smart contracts to make them self-executing was FULLY FUNCTIONAL in the 1970s.

you’re a really smart person who totally knows what he is talking about ;-)

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384817)

with respect to cryptocurrencies, it's used to maintain a public ledger of transactions, so anyone can at any point prove they have X amount of currency, and everyone can verify the transaction history that proves it

with more work on smart contracts (contracts that are expressible with perfect precision using logic, programming, or math—same thing, different appearance), it will wipe out the entire escrow sector of the economy

it could also be used to reduce counterfeiting because you could have a UID identified with a product that anyone with access to the internet (i.e., potential buyer) could at the point of sale verify the product is legit and not counterfeit, and this includes verifying even a one dollar bill is not counterfeit

probably also would provide easy and secure online voting, meaning insane $ saved by not having to run physical polling stations or drive to the polls or anything, and no rapetiles with guns at the polls scaring away minorities, oh what's that you hate crypto now?

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385108)

No it won't

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385430)

Are you too low IQ to learn? Too proud?

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385944)

But yeah you're right that 95%+ of tokens are ponzis and will be worthless

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384761)

Just so you know I can bank without banks too--its called a coffee can. Or a buried jar of silver. And I have physical possession of the physical thing.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384781)

It actually has negative value as it wastes a fucking tremendous amount of electricity lol

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384871)

how does a device help me buy a coffee or a pack of smokes better than cash in my wallet?

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385143)

The rest of this stuff can be accomplished much more safely and efficiently on AWS or oracle etc

Fifa ultimate team, fortnite etc all have digital currency bullshit without involving blockchain

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384836)

Imagine how fucking stupid you would have to be to interpret “decentralized” as meaning “not stored in the same place.”

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385972)

do you think there is utility in owning a company stock that gives off a dividend? because, if so, that's what governance tokens do.

put aside currencies, nfts, on chain verifications, and authenticity, all that other shit.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384862)

https://files.catbox.moe/w665x9.png

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384882)

https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4064523-169183.pdf

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384954)

Putting aside anyone's views on utility, how is this different than the gold or other commodities markets? Gold miner uses physical labor to dig up chunks of gold and then sells them into the market.

Unless there's something I'm missing here, I don't see how the markets are any different based on the author's focus on bitcoin mining, and i don't think anyone would use this feature of the gold market to claim that gold is a scam.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385304)

Utility is a different argument and doesn't require the type of market analysis in the blurb, hence the preface in my post.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385695)

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385767)

Let us know how much hashpower you end up with

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385969)

https://mapofcoins.com/bitcoin/

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385980)

lots of idiots like you over there

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43386078)

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384897)

is it volatile and is a lot of the pricing preposterous? yes. but with free market forces you eventually reach an equilibrium between price and actual value.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43384955)

your objections to it seems to be based on the problems one finds at launch of any new sector/industry.

whales dominate new spaces.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43385804)

there is one thing to say BTC to 0. there are some respectable voices who say this. it is another to say the whole defi space has no value and is a ponzi scheme.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43389831)

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43389887)

w.r.t to expense to it that is quite literally being answered by side chains, roll ups, etc. going from 15trx/sec to 150k, for example.

the constant need for new investors is simply inherent in any new space and part of growth for any space. is this one that exists into perpetuity? your guess is as good as mine. tradfi has the same problem if it's a problem at all. that's growth. tradfi doesn't need new investors yet i keep getting spammed by various vendors on every advertising medium?

your oracle question actually answers itself. new ways of getting information that are chain agnostic are being implemented and continue to be developed.

(http://www.autoadmit.com/thread.php?thread_id=4956891&forum_id=2#43390057)