WeinkeToWarrick

1 minute ago, HurryUpAndDrink said:

BINGO BANGO

check out strike app

3 minutes ago, redstripe said:

So what if ledger.com went under? Isn't that just another extension of someone hold it ? 

No

3 minutes ago, MonkeyF0cker said:

That's never happening.  They've been talking about that for about 6 years.

Have you used Strike app? 

The lightning network capacity just surpassed 3800 bitcoin and is growing. Its got a long way to go but it will likely pace with adoption 

10 minutes ago, MonkeyF0cker said:

Easily buying things with crypto will never happen.  Takes too long to confirm transactions.

Crypto is actually far more traceable than cash.  It's certainly not anonymous.

Monkey, this isn’t true. You need to look into the Lightning Network.

5 minutes ago, mikeman said:

I'm not anti bitcoin, or any of the others, they just seem very risky. Assuming that bitcoin is the real deal and the rest are fake - or shitcoins seems a tad reckless. They are all vulnerable are they not?

Bitcoin is anti-fragile. Not true for every other crypto. 
 

The cost to destroy or subvert the bitcoin network at this point would be way more than the cost to just buy a shitload and exert dominance that way. 
 

If the US was advanced and full of non-geriatric legislators, they would buy up a massive supply with printed fiat dollars then incentivize other countries to buy in as well

Striper, go to ledger.com and learn about private hardware wallets. They even have a Ledger Academy where you can just learn. 
 

I also suggest you look into all the freezing and seizures that took place in Canada with the truckers and ask yourself if it’s really that far fetched for something like that to happen here. 

It’s literally impossible to account for each transaction. That’s an unenforceable tax law

I’m not upset at all Mike you’re just annoying and stupid 

Bitcoin will continue growing in utility, other shitcoins will do casino things 

I don’t plan on converting BTC to USD. 

The libertarian ideal has not gone away if you have your own wallet. 

Like I said originally, I don’t think you really get it. Why even keep any on an exchange at this point?

Just now, Jimmy Hoffa said:

Hell no it's not the governments place to interfere with commerce.

But that won't stop them from trying to exert control and domination...

And bitcoin is the people’s opportunity to oppose that exertion and domination 

2 minutes ago, IAG said:

+1.     I think W2W is stuck circa 2016. 

I think you enjoy the casino of the price action and not the fundamental freedom that bitcoin does and can provide. Ward of the state.

1 minute ago, Jimmy Hoffa said:

Still too speculative for me.

Until a person can easily buy a pack of gum or soda at the corner store with cryptocurrency, it's acceptance is basically non-existent. 

So therefore the trading value is based on a "wouldn't it be great" scenario of global acceptance as legal tender sometime down the road.

I don't think global acceptance is going to happen, banks and governments will not give up control of our global financial systems because we want freedom.

Strike is going to make this a reality sooner than you think 

And Jimmy, I understand your argument. I really do. 

But do you think it’s the government’s place to tax a transaction between me and you? For a corporation to receive a cut of the amount?

Not whether you think “that’s the way it works so swallow the pill”, but fundamentally, should me and you be allowed to transact without oversight, regulation, or friction-inducing costs? 
 

If you think we should be able to, you are on the road to understanding Bitcoin. And that idea can’t be put back in the bottle.

Just now, Jimmy Hoffa said:

Bitcoin or any other crypto coin's value is only what people are willing to pay for it W2W.

If you think governments are going to allow us the freedom of anonymous transactions without taxation and regulation long-term I think that you're incorrect.

Providing us that freedom would require their relinquishing of control, I don't think that's going to happen.

 

 

They won’t willingly relinquish it but they won’t be able to control the spread and will ultimately succumb to embracing it when fiat fails

Prohibition sure kept everyone from drinking.

Now imagine the alcohol could be stored on something the size of a USB drive

Good luck 

They can make it illegal and it will never work, just make things more annoying. More likely nations will legalize it as legal tender than ban it though. Game theory is in motion.

Yep. Martingale works great until it doesn’t.

1 minute ago, IAG said:

It’s very relevant to the issue of ownership. Not sure how I could sell something I didn’t own. 

You never owned it. You were issued an IOU that they approved as redeemable.

The fundamental value and point of bitcoin is to take ownership of your own worth. To remove the need for a central third party. 
 

If you still fundamentally trust a third party more than yourself, your decision to send dollars to an exchange for a picture of an account balance and an unenforceable IOU is just speculative risk-on asset investing. That’s why Wall Street has sold off this past month+ too

some day people will recognize that it is hard money though; and the only way to secure your own share of that hard money is by holding your private keys. 

43 minutes ago, mikeman said:

A question for you experts. Could the govt, an evil govt, ban crypto? Then what? Now perhaps they cant seize your precious coins, but they could make it almost impossible to trade couldn't they?

No, therein lies the beauty of peer to peer network 

9 minutes ago, Jimmy Hoffa said:

What is the value of bitcoin or any other crypto currency?

Bitcoin’s value prop is world’s apart from any others.

It’s value is the value of freedom. Freedom of transaction is the precursor to all other freedoms and that is what bitcoin provides. How that gets priced in dollars fluctuates wildly due to major market manipulation by big players.

54 minutes ago, IAG said:

AGAIN, not a revelation…Crypto 101.  It’s amazing I’ve made more in single days than you own now considering I don’t own anything.  

Congrats? Super relevant comment

It’s ok to sit a few threads out

Mike, you really don’t need to open your mouth about every subject you know nothing about