Page 322 of 323 FirstFirst ... 222272312318319320321322323 LastLast
Results 6,421 to 6,440 of 6450

Thread: Bitcoins are officially donkdown

  1. #6421
    Gold Salty_Aus's Avatar
    Reputation
    164
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,064
    Government will not like this.
    Facebook are trying to make this a legitimate currency.
    Crims won't like it for darkweb shenanigans either as it will be easily traceable.

    Good writeup here.
    https://techcrunch.com/2019/06/18/facebook-libra/amp/

     
    Comments
      
      sonatine: fascinating.

  2. #6422
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5202
    Join Date
    Mar 2012
    Posts
    22,675
    Quote Originally Posted by Salty_Aus View Post
    Government will not like this.
    Facebook are trying to make this a legitimate currency.
    Crims won't like it for darkweb shenanigans either as it will be easily traceable.

    Good writeup here.
    https://techcrunch.com/2019/06/18/facebook-libra/amp/

    Facebook wants to make Libra the evolution of PayPal . Itís hoping Libra will become simpler to set up, more ubiquitous as a payment method, more efficient with fewer fees, more accessible to the unbanked, more flexible thanks to developers and more long-lasting through decentralization.
    also visa & mastercard are backing it, so perhaps there will be some sort of entry/exit strat for dollars where they process and rake? while fb mines for more data from consumer habits/ad behavior?

    thats some e-corp shit right there.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  3. #6423
    Gold Salty_Aus's Avatar
    Reputation
    164
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,064
    Can't be mined, and is not capped at a certain amount of coins.
    Backed by underlying fiat and securities.

    Why do they even need a blockchain? ... THEY DON'T!

    This is an attempt to create their own legit currency under the guise of crypto.

  4. #6424
    MB & Visa involvement is a “keep your enemies close” play

    Amusing quote from TechCrunch article
    Facebook knew people wouldn’t trust it to wholly steer the cryptocurrency they use
    Last edited by Sanlmar; 06-18-2019 at 06:28 PM.

  5. #6425
    Quote Originally Posted by Salty_Aus View Post
    Facebook are trying to make this a legitimate currency.
    They will fail.

    Nobody in their right mind trusts Facebook or Mark Zuckerberg.



  6. #6426
    Quote Originally Posted by TheXFactor View Post
    Quote Originally Posted by Salty_Aus View Post
    Facebook are trying to make this a legitimate currency.
    They will fail.

    Nobody in their right mind trusts Facebook or Mark Zuckerberg.
    Never underestimate the general public’s stupidity.

    2.5b users

     
    Comments
      
      GambleBotsChafedPenis: Couldn't Be More Right Rep

  7. #6427
    Gold Salty_Aus's Avatar
    Reputation
    164
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,064
    Quote Originally Posted by TheXFactor View Post
    Quote Originally Posted by Salty_Aus View Post
    Facebook are trying to make this a legitimate currency.
    They will fail.

    Nobody in their right mind trusts Facebook or Mark Zuckerberg.


    People won't care if it's cheaper and easy to use.

    Also, appears they will cover fraud and unauthorised theft.

    They'll offer discounts to use their currency at certain shops both online and bricks and mortar. If it saves consumers money 100% they will use it.

  8. #6428
    Quote Originally Posted by Salty_Aus View Post
    Quote Originally Posted by TheXFactor View Post

    They will fail.

    Nobody in their right mind trusts Facebook or Mark Zuckerberg.


    People won't care if it's cheaper and easy to use.

    Also, appears they will cover fraud and unauthorised theft.

    They'll offer discounts to use their currency at certain shops both online and bricks and mortar. If it saves consumers money 100% they will use it.
    I assumed something like this would have come sooner. BTC was never going to be this and that's why i thought the price was/is inflated. Few years ago i assumed it would be players from the traditional banking sector just to prevent others. The hippie dream of blockchain providing cheaper and more fluent service was the part that had mainstream appeal. There's no security with privacy, so that wasn't ever going to happen. And yeah it was always going to be tied to an existing currency. There's no courtesy finders fee in business, also why i assumed it wasn't going to be any of the existing crypto. There's just no need to compensate early adopters.

  9. #6429
    Saw a guy driving a McClaren with new york plates "altcoin" was the plate. I drove up next to him and screamed etherium, he nodded.

  10. #6430
    Quote Originally Posted by Spookygook View Post
    Saw a guy driving a McClaren with new york plates "altcoin" was the plate. I drove up next to him and screamed etherium, he nodded.
    I saw a hungry beggar on the corner with a sign that said HODL and a QR code. I looked at him and said, “Bitcoin?”, he nodded.

    Guys hit all kinds of bets. GBCP will have a LaFerrari when his corn futures come in. I know a guy who hit a Texas natural gas license lottery big.

    That bastion of progressive thought, The Brookings Institute, dropped a pretty good video about payments in China.

    I wasn’t looking for it, honest. It was recommended and I watched and listened twice. Lotsa great stuff so I can fully appreciate the FB Libra story later.

    Because there are no original thoughts. WeChat Pay running through Tencent (China’s version of Facebook) is a billion strong. Delightful tidbits like the practice of giving friends and family a financial gift through WeChat Pay on New Years Day.

    This begins as a China mobile payment story but morphs into the application possibility in the US. Maybe it’s a little academic but you will absorb a ton and be working this in your subconscious for days.



  11. #6431
    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by TheXFactor View Post

    They will fail.

    Nobody in their right mind trusts Facebook or Mark Zuckerberg.
    Never underestimate the general publicís stupidity.

    2.5b users

    haven't seen poker players as bad as the ones on global poker. which advertises on fb, in 10 years.

  12. #6432
    Quote Originally Posted by thesidedish View Post
    Quote Originally Posted by Sanlmar View Post

    Never underestimate the general public’s stupidity.

    2.5b users

    haven't seen poker players as bad as the ones on global poker. which advertises on fb, in 10 years.
    God bless Mulva and the Global Poker thread. Always makes me laugh.

    Sonatine was asking what shape box Libra fills. Games. Wife has dropped $100’s on Candy Crush she finally admits. Load up a wallet full of tokens and it won’t last til 8pm.

    The only utility Bitcoin ever hard for me was loading offshore books.

    I talk some nonsense but I’ve followed Bitcoin hard but still learned a ton from that video. I had no idea the extent in China with their own social media $.


    Here’s another gem. The amount of money you can transfer is $50k. You can buy a car in this fashion. However within days you will be flooded with WeChat offers for car related stuff. That is the power.

    China require the WeChat funds to be held at a central bank. I ain’t trusting Zuck. I know he’s NEVER had a problem getting hacked. Who or which agency is going to insure your loss if you get hacked? If my debit card get hijacked my bank will cover me presently.

    The video discusses the unbanked in the US and the fees they pay to ship money or buy gift cards. The number surprised me.

    Lotta great tidbits.

     
    Comments
      
      MumblesBadly: LOL older women dumping bank on that silly game!
    Last edited by Sanlmar; 06-20-2019 at 01:29 PM.

  13. #6433
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5202
    Join Date
    Mar 2012
    Posts
    22,675
    https://www.reuters.com/article/us-f...-idUSKCN1TL2N2


    like i get it because real talk its just liberty dollars 3.0 with a few billion dollars worth of lawyers backing it but seriously why now? why go after this but not crypto in general?
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  14. #6434
    Diamond big dick's Avatar
    Reputation
    1125
    Join Date
    Feb 2013
    Location
    fuck krypt
    Posts
    7,532
    donk down ya'll

  15. #6435
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    5202
    Join Date
    Mar 2012
    Posts
    22,675
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  16. #6436
    Gold Salty_Aus's Avatar
    Reputation
    164
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,064
    Bitcoin on a tear in recent weeks.. nudging $13,000 as I type.

    One surprise after another.

  17. #6437
    Quote Originally Posted by sonatine View Post
    GO GO GO!

    Name:  btc_ju_26.png
Views: 147
Size:  61.9 KB

  18. #6438
    13,333 gogogogogogo

  19. #6439
    Quote Originally Posted by Salty_Aus View Post
    Bitcoin on a tear in recent weeks.. nudging $13,000 as I type.

    One surprise after another.
    Based on what?

    Speculation and BULLSHIT by hackers.

    Value of U.S. Dollar?

    Speculation and BULLSHIT by U.S. government officials.

    Value of GOLD?

    Now over $1,400 an ounce.



  20. #6440
    Hood rich

     
    Comments
      
      DirtyErnie: MeToo

Thread Information

Users Browsing this Thread

There are currently 5 users browsing this thread. (0 members and 5 guests)

Similar Threads

  1. Matt Marafiati has officially challenged SrslySirius to a rap battle
    By NaturalBornHustler in forum Flying Stupidity
    Replies: 42
    Last Post: 03-25-2018, 07:39 PM
  2. DD seemes to be officially DD
    By Hugh Chardon in forum Flying Stupidity
    Replies: 121
    Last Post: 08-13-2014, 04:07 PM
  3. ***My Officially Official Super Bowl Pick***
    By abrown83 in forum Flying Stupidity
    Replies: 4
    Last Post: 02-03-2013, 10:51 PM
  4. IP officially DD
    By Daredevil in forum Flying Stupidity
    Replies: 6
    Last Post: 11-23-2012, 05:24 PM
  5. I officially hate Dana White now
    By shortbuspoker in forum Flying Stupidity
    Replies: 36
    Last Post: 06-05-2012, 06:57 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •