If you didn't buy Bitcoin at $40,000...

[starkind]

Originally Posted by MrSparkle001 [You must be logged in to view images. Log in or Register.]

I feel like I'm already paid in digital currency. I get numbers added to my bank account and I use those numbers with debit and credit cards. I pay my bills all electronically and only ever use paper money when buying gas right now because with credit it costs even more. I can't even remember the last time I held a coin, and I'm being serious.

I know it's not the same thing as crypto but the currency I'm paid in is backed by the federal government, and my bank account is secured. In my remaining lifetime I don't anticipate a collapse of the dollar so I'm fine with it. Bitcoin had a meteoric rise and for some governments it's better to use it than their own currency. Shithole countries are starting that but the big countries like the U.S. and China are working to either limit crypto, regulate it or maybe start their own regulated crypto.

It's also nowhere near as safe and secure as people think. Just look at how much of it has been seized by the U.S. government.

Yabutt. Technically that money exists somewhere... in circulation. We need to actually get rid of that element.

You don't even need to own a device. Just have the government centrally track it and store the bits. You sign in and authenticate securely. With 3 factor authentication if you need more security because you're a normie billionaire after inflation.

BTW this is how you get 1 trillion ppl doing stuffs in your countries themepark of an economy. Efficiently.

I already covered the downside of centralization.

Maybe let ppl cash their bits out to their own devices.

It's always been seashells.

Countries no longer have their money backed by like real stuff like gold and paper money is a trashy fuel source.

At least most of the EU backs it's fiat with mostly decent socialized medicine and nukes which is way more valuable than oil, plastic, or gold. Oh and mental health care for the homeless and obese.

[Fame]

Originally Posted by starkind [You must be logged in to view images. Log in or Register.]

Yabutt. Technically that money exists somewhere... in circulation.

you dont actually believe that do you? [You must be logged in to view images. Log in or Register.]

[starkind]

Originally Posted by Fame [You must be logged in to view images. Log in or Register.]

you dont actually believe that do you? [You must be logged in to view images. Log in or Register.]

[You must be logged in to view images. Log in or Register.]

 

[starkind]

It's still just a nice idea.

[starkind]

We gotta change our governments and the IMF tho.

[Jibartik]

See at least when I'm paid in fiat I know the value I was just paid. Bitcoin fluctuates too wildly. That's not for me when I don't know the coin's future and I do know governments are working to curb its use or regulate it.

This is actually pretty solvable right now.

a bank or any person or a company will just convert to bitcoin for the transfer of money, and then immediately convert the exchange back into cash at the moment of the transfer, keeping the exchange locked in at about the same price because the transfer is virtually instant.

So as a payer, and a payee you could transfer money through a service like that instantly with bitcoin (which folks do in 3rd world countries now which is one of the great humanitarian gains bitcoin offers) with almost 0% change in price for 99.9% of its still volatile state, and it's worth mentioning it only would get less volatile with time, or could be capped by the fed if they had a new world order coin to have no volitility.

Anyway, banks suck, crypto is infinitly more useful, and better, and it DOES have real uses that you can take advantage of today, and it helps bring a stable economy to parts of the world the banks dont want to go, and for that it's even humanitarian, not to mention the environmental benifits of getting rid of all the banks footprints.

[Jibartik]

Its worth mentioning if you did createa service that went

dollars to crypto > transfer > crypto to dollars...

if there was a - dip in the crypto during the transfer, the company could 'bank it', and instead pay out the transfer in cash from a company bank account setup to cover the transfers during a crypto downswing.

Then when the crypto goes + it can convert it into dollars for the bank account and fill it back up and then some.

Allowing the company to obtain crypto as customers use their product, but get rid of it only when it is at a higher price than it was during the transfer.

If anyone wants to start this company with me we are in desperate need of a good way to transfer money and this way is about as profitable as it gets, nobody has caught on yet, so Im down to start it with you, if you got some capital.

[Jibartik]

I feel like I'm already paid in digital currency. I get numbers added to my bank account and I use those numbers with debit and credit cards.

dude totally, now try to give someone in another state 1000 and youll be like, wait it takes THIS much information and people to transfer my numbers?????

It literally requires a complete identiy theft lol its so unsafe on top of inefficient. It's hilarious to me because it's the keystone to an economy, paying each other. And to do so is more inefficient than I dont think, anything lol

[Jibartik]

so your argument is that the entire mail delivery service, and paper manufacturing industry, is just as efficient as an email?

[Kaveh]

You’re just wrong man there’s no reason to argue. It’s like arguing with a Scientologist