Crypto currency (IF banned from CA)

[Efcjake]

You just don't get it,see you in a few months and we ll go around in circles some more!

No what I'm not getting is an actual answer off of either you or Kev.

 

[LinekersLegs]

It might account for a tiny decimal of a percentage of the interest.

If people really believed that then they would be using it in exchange but they don't.

How are you folk gonna break the corrupt global financial system if you don't actually use the currency????

I can see the trading appeal of crypto, lots of profit (and loss) to be made with such wild swings as this


Like you I have greater skepticism on its replacement of fiat currencies because of this very volatility - how would a manufacturer hedge their risk when buying materials/selling product something priced in a coin that a Musk tweet can wipe out huge amount of your profit in minutes?

 

[Efcjake]

I can see the trading appeal of crypto, lots of profit (and loss) to be made with such wild swings as this


Like you I have greater skepticism on its replacement of fiat currencies because of this very volatility - how would a manufacturer hedge their risk when buying materials/selling product something priced in a coin that a Musk tweet can wipe out huge amount of your profit in minutes?

I see the value in it as a financial transaction tool to escape banking delays/fees but I don't see too many industries jumping on it solely for that.

For all the talk about the corrupt global financial system and all that, companies have relationships with banks and the banking industry that are mutually beneficial.

While these crypto adopting financial revolutionary individual investors may be on board with bringing down the global financial system how many companies are going to jump on board with that?

 

[JimmyJeffers]

I see the value in it as a financial transaction tool to escape banking delays/fees but I don't see too many industries jumping on it solely for that.

For all the talk about the corrupt global financial system and all that, companies have relationships with banks and the banking industry that are mutually beneficial.

While these crypto adopting financial revolutionary individual investors may be on board with bringing down the global financial system how many companies are going to jump on board with that?

Transactions take no time at all. Even cross currency. The main delays arise from incorrect/ missing details or compliance queries. Dunno how Bitcoin is meant to alleviate that to be honest. Banks will still be lawfully obligated to check and block suspicious transactions.

 

[nikom court]

Transactions take no time at all. Even cross currency. The main delays arise from incorrect/ missing details or compliance queries. Dunno how Bitcoin is meant to alleviate that to be honest. Banks will still be lawfully obligated to check and block suspicious transactions.

i can send a million pounds of bitcoin to the other side of the world instantaneously for about a fiver,
how much would that cost down at the halifax?
how long would it take?
would they even do it or call the police to stop me accessing my money?

 

[chicoazul]

Next question lads, would you shag a bitcoin if you could?

 

[Kev The Rat]

I don’t think it will ever be used for transactions on a large scale really and I’m not sure that’s relevant - people are always looking for mechanisms to protect their wealth/avoid taxation - and with good reason. Taxation is a form of theft and used to fund wars and all types of human rights abuses. It’s no wonder they are running a mile from government control

 

[JimmyJeffers]

i can send a million pounds of bitcoin to the other side of the world instantaneously for about a fiver,
how much would that cost down at the halifax?
how long would it take?
would they even do it or call the police to stop me accessing my money?

Probably not to be fair. I was speaking on a corporate level.
I can’t imagine that’s going to last

 

[JimmyJeffers]

Taxation is a form of theft

 

[Kev The Rat]

Im not asking you to agree with me I’m saying that’s many peoples view

 

[JimmyJeffers]

Im not asking you to agree with me I’m saying that’s many peoples view

Only the filthy rich and selfish

 

[nikom court]

Only the filthy rich and selfish

bitcoiners want you to be rich,
bankers and politicians want you to be poor

you decide!

 

[JimmyJeffers]

bitcoiners want you to be rich,
bankers and politicians want you to be poor

you decide!

What on earth

 

[Kev The Rat]

Only the filthy rich and selfish

How many wars and atrocities worldwide have been funded via money raised from public funds?

governments themselves are surely the greatest proponents of criminal acts ever.

the less we have to do with them the better

 

[JimmyJeffers]

How many wars and atrocities worldwide have been funded via money raised from public funds?

governments themselves are surely the greatest proponents of criminal acts ever.

the less we have to do with them the better

Well let’s look at some of the most heavily taxed countries and see how many wars they’ve started. Honestly can’t believe what I’m reading here.