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20373877 No.20373877 [Reply] [Original]

I don´t care if you believe me or not, but I was meeting up with some hold friends from high school that I haven´t seen in a while. One of them is working for the central bank in my country. He said central banks around the world in collab with BIS are working on taking down crypto. It started by me shilling him crypto, bragging about my gains, and he told me not to buy any crypto now. The banks are working towards killing the crypto space. He didn´t know how exactly, but he said to expect big changes before end of the year. Redicolus laws will probably get passed against crypto, and the banks are creating their own digital currencies. Stable coins like Tether will probably get banned imo, thay have alreadt hunted at that.

I don´t know if this is true or not, but I trust this person a lot. He is working for the central bank in my european country, and he strongly warned me not to be buying. Just a friendly heads up, we might be at the top rignt now, price wise.

>> No.20373894

>>20373877
They can ban all they want. Anybody in crypto who knows what this fight is for knows it will likely happen.

Too bad for them, even if they ban it, they can’t stop it

>> No.20373908

Try and stop the technological progression of humanity

>> No.20373919

>>20373877
makes sense, why would these jokers even entertain the idea that some neckbeard's chuck-e-cheese tokens would create an alternative financial system and endnager their centuries old racket

This whole crypto thing is just a proof of concept phase, now that they have seen it work, they will move in with their own stuff and lock everything else crypto related out of the banking system.

>> No.20373923

>>20373894
They probably cant stop it, but the price will likely take a huge dump, as the maket gets swallowed by fear.

>> No.20373936

>>20373894
>knows what this fight is for
>wants to sell crypto for dollars

Pick one

>> No.20373945

>>20373894
all the banks have to do is to refuse to offer bank services for crypto exchanges and crypto is done

No liquidity - no market

>> No.20373957

>>20373877
That's great, we need the elite to finally step in with the big boy blockchains that make Bitcoin look like Dogecoin so that the market for oracles grows and we can get past the ancap larp phase of crypto.

>> No.20373959

they will probably try and subvert the crypto space
that is their go to card after all.

>> No.20373969

I´m not lying about my friend. He has been working for the central bank for around 3 years after getting his masters degree. Well, I wouldnt call him a friend, more like an old acquaintance I met at another friends house while watching foorball. He also mentioned thay are working on new tax laws for crypto in the EU. Stricter laws and reguations

>> No.20373973
File: 154 KB, 1440x810, 1592290687827.jpg [View same] [iqdb] [saucenao] [google]
20373973

the levels of coping and seething of goldtars, just making shit up...
T O P K E K

>> No.20373988

>>20373959
their go to card is bank accounts = money

if there are no fiat on and off ramps you can kiss your precious gains goodbye.

>> No.20374005

>>20373988
why would they cancel something that they could profit off?

>> No.20374007

>>20373923
>>20373936
>>20373945

Yeah, not everybody in crypto is in it for money. Dollars are not the end-game, the prize if crypto is successful is much more valuable than that.

>> No.20374017

>>20373877
>hold friends
AHAHAHAHAHAHAAHAHAHAHA

>> No.20374033

>>20373973
I´m a fan of crypto, really am. I hold positions myself. But it´s looking pretty bearish. I didn´t really want to post this at first, because I want the fags here to get burned, but I decided to share it anyway. I got very little sleep tonight, so many typos.

>> No.20374069

>>20373959
never heard of blockstream?

>> No.20374077

>>20374005
cause they will profit much more from something they own and control 100%

Read up on CBDCs

>> No.20374080

>>20374069
case in point.

>> No.20374092

>>20374007
if you are in it for the tech, good for you

>> No.20374125

>>20373957
Kys

>> No.20374170

>>20373877
>He didn´t know how exactly
must be true then.
Just sold everything, thanks

>> No.20374193

Dear future me,
sorry I fucked up and sold all those link at $8, but some guy I didn't know on a dodgy internet forum said that he knew a guy who thought the banks would kill crypto. he didn't know how, and basically had no evidence, but I believed him. It made sense at the time.

>> No.20374216
File: 1.32 MB, 450x506, 1582741618069.gif [View same] [iqdb] [saucenao] [google]
20374216

>>20374193

>> No.20374302

>>20373877
Lol, your friend is a paper pusher. Three years gets you nowhere in a European central bank (or any job, really). Even after 25 years you still have no clue as all European Central banks bow down before THE European Central bank and their decisions. If he worked THERE for five years he might have overheard something of value while taking a piss.

>> No.20374323

>>20373877
>meeting up with some old friends
kek like you have ever made a friend before

>> No.20374361

>>20373877
Money has value if people trust it, just look at tether, it's not backed by anything and yet look at it's marketcap and volume.
Crypto will not die down, but the government can make it harder to trade, buy or sell. This is coming from a stonk maximalist.

>> No.20374378

>>20373969
> I met at another friends house while watching foorball
clear sign of lying. Throwing in unnecessary details,
>Well, I wouldnt call him a friend, more like an old acquaintance
and flip flopping on unnecessary details

>> No.20374385

>>20373969
Wait, they're planning on taking down crypto completely AND they're working on tightening up the tax laws and regulations?
You really aren't very good at this bullshitting stuff, are you? You should think these things through before you begin typing. Jeez. What a loser.

>> No.20374394

>>20373877
your friend was coping reddittor

>> No.20374395

>>20373945
Couldn't I start my own "bank"? You give me federal reserve notes, gold, silver, whatever you want, and I transfer some BTC or ETH to your account.

>> No.20374401

>>20374170
he is not a tech guy, and doesn´t work in a high postion in the bank. He know they are working to weaken crypto, but didnt know the exact steps, except for new laws and regulations.

>> No.20374407

It's a war they cannot win. The revolution will continue, no matter what they are going to do.

>> No.20374413

>>20374302
I think he has worked there for almost 4 years. At least 3 and a half.

>> No.20374433

>>20374378
lol, no. I promise I´m telling the truth. I included those details, because It seems to be like that is the way to write a post on this shit board. I write in 4chan style, because I think it´s cool. But yeah, maybe it´s a style of writing that looks liar esque.

>> No.20374445

>>20374385
not cpmpletely, probably. But they will use different measures to kill bitcoin indirectly. Thay are probably not gonna make it illegal, but plan to create their own crypto or something. I don´t know, I´m just sharing what he told me.

>> No.20374467

He told me this actually several months ago, but it didn´t come to my attention again until today when I read Jim Rickards tweet.

>> No.20374495

>>20374445
Regulating crypto and tightening up on the taxation is tacit approval of the technology. I for one welcome it. The value of my stack will soar as normies come on board. You're looking at this all the wrong way.

>> No.20374527

>>20374445
Gold hasn't been outlawed, and gold is not fiat. If they announced a tightening of the regulations around capital gains on gold, that's hardly the same thing as outlawing it. Relax.

>> No.20374535

>>20374495
Maybe you´re right, but in the way he was talking about it, it didn´t sound good. Sounded like it was gonna get harder to buy and harder to sell, more KYC probably and stuff. I dunno, we will have to see.

>> No.20374543

>>20373959
They do it through tether. It’s almost guaranteed. Nuking tether by outlawing it + passing a ton of regulation will absolutely rape crypto. Btc sub 1k, link to ico prices, and it would be the best performing alt

It’s coming. It’s going to be the buying opportunity of history

>> No.20374578

>>20374527
What he said was basically new laws and regulations in the EU. And that the banks were working on crypto solutions themselves. He implied that this would not be good for the crypto market. He talked in a way like it would be very bad for crypto, that they would tighten up everything. It will probably drive a lot of the scammers and wild west mentality out of crypto, which is good perhaps long term, but short term could crash the price imo. Tether is under constant investigation, and I´m pretty sure that is one of the targets.

>> No.20374591

>>20373877
thank you for this valuable information, just sold everything and transferred into my 401k

>> No.20374594

>>20373877
they could just sanction any bank that allowes fiat transactuons to crypto exchanges easily.
but I mean, what do we have to lose?
afterall your local government could also break into your house and literally buttfuck you at any moment.

>> No.20374680

Former World Bank Senior Council Says a “Second Species” On Earth Controls Money & Religion
https://www.collective-evolution.com/2014/03/28/former-world-bank-senior-council-says-a-second-species-on-earth-controls-money-religion/

>> No.20374741
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20374741

stiff!

>> No.20374823

>>20373877

They're probably just shitting on it in your eurotrash country

>> No.20374831

>>20373945
How about p2p trading?

>> No.20374875
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20374875

>>20373877
Fiat is already shitting the bed, daddy's funds already bought in.
This is the same FUD we got since Bitcoin was created, they already attacked crypto hard by forcing KYC and taxing on trades (at least in the US) few years ago.

This is ironically one of the last hope for growth in the finance sector because that's not crazy inflated stonks and real estates that will create gains.

Implying you're not LARPing (which I doubt) your buddy is just salty to see you make money while propelling the system that will make his parasitic job obsolete.

>> No.20374881

>>20373945
All a couple of banks have to do is offer this while the rest ban and they get all the business

>> No.20374883

>>20374831
that wont cut it. Liquididty would collapse. Most people use the big exchanges

>> No.20374908
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20374908

>>20374883
my friend knows your friend and he told me that you and your friend are a couple of faggots and that the boys at the office laugh at you and your friend and tell him stories that he in turn repeats to you because you are both gullible fags.

just fucking KYS already you LARPIN homo.

>> No.20374910

>>20373877
I always think it's funny when newfags think crypto will be banned.
Daily reminder '17+ fags opinions are worthless

>> No.20374919

>>20373877
Didn't read; not selling.

>> No.20374981

>>20374883
we would just switch to reference values like in the forex markets, there also arent any exchanges necessary.

>> No.20375114

>>20374883
Honestly anon everyone isnt as retarded as you

>> No.20375462

>>20373945
and add hilarious high taxes to make it unattractive for traders.

>> No.20375520

>>20373877
Don't care , never selling, let them keep their shit fiat.

>> No.20375591
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20375591

>>20373877
Don't shoot bankers, okay? Just because they robbed your future with fiat currency and have their sights set on not ever letting you make it, is no reason to gun down the bankers like animals.

>> No.20375610

>>20374883
The ability to short it would also disappear meaning it would be bullish as fuck.

>> No.20375636
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20375636

>>20373959
>will try

>> No.20375669

>>20375636
Sucks to be retarded and technically illiterate in this day and age.

>> No.20375707

>>20375636
what? bitcoin code was changed by blockstream? lmao what?

>> No.20375713

> Geschenkron (1970) "...economic progress began to be viewed with great suspicion, and the railroads came to be regarded, not as welcome carriers of goods and persons, but as carriers of the dreaded revolution. The the State clearly became an obstacle to the economic development of the country."

>> No.20375791
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20375791

>>20375591
in minecraft, r-right?

>> No.20375839

>rediculous

ok, sure i believe you

>> No.20375921

Next thing youll say is that it's da joos. The schizos man does it get tiring.

>> No.20375935

>>20373877
Are they unironically planning their final move into the rumored Mossad coin? What's up with Unification seriously.

>> No.20375965

This is unironically bullish for XRP

>> No.20376007

>>20373969
did he mention this while cocked off his face in front of a bunch of other people? i bet this 'acquaintance' gives up all the good info to people who just brag about shit in passing. You're off your head, huff more glue faggot.

>> No.20376106

>>20375669
Cope kike the goyim know
>>20375707
What is Segwit

>> No.20376566

>>20375636
This. Banks already got in & manipulated things to their benefit. The whole value proposition of cryptos is open, trustless finance - if they just made their own shitcoins that were literally just a regular database or something not open to public use it's missing the entire point. So, by subversion of big daddy Btc, they can enter the space covertly & take a controlling position ahead of time. Hell, maybe that's the exit strategy for how they stop using the dollar as that inflates to infinity. Gotta remember that everyone here is still pretty early - they don't care that a few NEETs & autist get slightly rich (by their standards) if they get handed a brand new global financial system. This whole thread is just a larp. If they wanted to kill it, it'd have happened already.

>> No.20376636

>>20373877
Please explain why they would do this ?
The normies who made millions with BTC deposited their gains into a bank.
A bank that can go ahead and lend out those millions.
Shouldn't bank love the fact there will be hundreds of new millionaires in a few years holding their cash in one of their accounts ?
Fractal reserve banking would mean these people would be making the banks BILLIONS.

>> No.20376657

>>20373877
YOU WILL NEVER, EVER GET YOUR FUCKING FILTHY MITTS ON MY LINK. GET IT? GOT IT? GOOD.

>> No.20376690

>>20373936
this. as long as cryptards depend on FED currency, they're gonna lose.

>> No.20376694

>>20373945
Defi fixes this problem. Loans, lending, credit cards, all already done.

>> No.20376720

>>20374831
P2P wont work because theres a cash shortage and likely an imminent cash ban. Face it, you lost

>> No.20376725

>>20374395
Oy vey, no! You can’t do that, goyim. It’s anti-semetic.

>> No.20376742

>>20375591
Was curious how long before I saw this post.
>Lets rob thousands of millionaires
>Nothing bad will happen right?

>> No.20376771

>>20376657
you realize he can just wait for Sergey to sell right? why would he need yours when Sergey will just make you into a bag holding bitch filling any sell order he wants with his superior volume?

>> No.20376800

>>20376771
did he mention sergeys link? no he was telling the kikes they were never getting their claws on his link.

>> No.20376840
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20376840

meanwhile paypal gets into crypto

https://www.coindesk.com/paypal-eu-crypto-plans-march

were about to get into a facemelting bull cycle and there are retards fudding for no reason.

EVEN IF EVERYONE ON BIZ SOLD YOU WOULNDt MOVE THE PRICE

i dont know why i even bother to visit this place anymore, fudders, larpers and retards everywhere.

>> No.20376844

>what is a borderless, decentralized trustless system

Europe isnt the world. If the EU makes it harder to transact in crypto folks will use Vpns and continue doing business in lax environments. Of anything it strengthens countries like china or south africa who have very lax crypto regulations.

>> No.20376903

all their stable coins will be exchanged with XRP
look in Christina L former head of imf now head of bae. she is very pro XRP

>> No.20376970

>>20374401
Fucking internationalist banking bastards! Jail awaits them all.

>> No.20377007

>>20374578

Your friend will be in jail one day for collaborating with the robber baron central banks and their partner banks.

>> No.20377039

>>20376844
still doesn't resolve the main issue, crypto needs a FED backed offramp or no one is going to buy or sell and a bank account is easier to regulate.

>> No.20377040

>>20376106
No sorry, being edgy won't make up for what you lack. Good try faggot.

>> No.20377041

I think the banks have been against crypto since the very beginning. This has always been a risk. If they can actually do anything about it that's another thing.

>> No.20377057

>>20376566
post a source

>> No.20377076

>>20373877
TELL YOUR FRIEND HE WILL GO TO JAIL EVENTUALLY FOR WORKING WITH THE CORRUPT ORGANIZED CRIME RACKET THAT IS THE BANKING SYSTEM FUCK YOU

>> No.20377093

>>20377041

Like Torrenting, they cant get rid of crypto. It is p2p.

>> No.20377102

>>20373877
imagine thinking the banks aren’t balls deep in link

>> No.20377122

why take down crypto when you can just print money and buy all of it

>> No.20377978

>>20377039
>fed
The guy in the thread literally said Eu as in europe.

>> No.20378163

>>20373877
this will work like prohibition did. ps, it won't

>> No.20378237

>>20373877
these old faggots will die before they can even get to crypto, just look at that guy he's like 80 years old lmao

>> No.20378526

>>20373877
>Redicolus laws

Anyone that spells ridiculous with an e is a rEtard and their opinion is completely invalid. Go larp somewhere else.

>> No.20378631

Look, I dont know what will happen. I´m just passing on a message. Banks don´t like crypto, and they are working on their own digital coins that will be accepted everywhere, but it takes time. I guess they will come up with some laws to make it a big hasstle to buy, and weed out all the scam exchanges. Probably get rid of tether too.

>> No.20378948

>>20373877
zzzz news are for boomers

>> No.20379433

>>20378631
Couldn't ban weed, drugs, escorts, alcohol, gambling, metals, torrenting, Huawei, and bullets.

>Bans a completely decentralized borderless system more complicated then a tik-tok video

>> No.20379474

>>20379433
I dont think they are gonna ban it dummy. They could tax it harder, and regulate it stricter, which would scare investors away.

>> No.20379592

>>20373894
What more, they are 10 years late. They can hurt crypto, but not kill it. How can you kill an open source, decentralized software? They already blatantly failed to kill the torrents.

>> No.20379653

>>20379592
Torrents are not there to make money. They could kill bitcoin by strangeling the network or investor. Everyone would sell if they knew it was gonna fail.

>> No.20379663

>>20373877
123

>> No.20379705

>>20373877
They can try all they want. But fuck trump for supporting this shit.

>> No.20379708

>>20376720
P2P don't use cash.

>> No.20380020

>>20373877
at this point i have more faith in crypto than i do in the euro
with the whole chinese bat aids thing the euro is on life support, most of southern europe is going to be economicly decimated at the end of summer as the tourist season isn't causing enoguh redistribution of currency from the industrial north to the south
they will have to resort to massive money printing but unlike the fed the ecb does not have the authority to do that as germoney doesn't like to loss a single reichsmark to help out a med
i have very little faith in the eu bringing forth enough political clout to force certain investment friendly countries like portugal and malta to fuck over one of the pillars of its wealth seeing how they are already fucked over by the lockdowns

>>20379653
i am riding my stack out into the sunset regardless of short term volatility
also as p2p i can send btc to buy and sell services and some goods over the internet it can never be killed, just like torrents
are you old enough to remember the fud the big mediacompanies made about hunting down kids in their basements like fucking bin laden for torrenting a movie
how did that work out
governments barely even bother with enforcement anymore

>> No.20380089

>>20373877
Lol chainlink partnership incoming

>> No.20380385

>>20379653
>Torrents are not there to make money.
Euh, Yes they are? What is the movie and music industry?
P2P was literally designed for resisting this.

>> No.20380420

that dude is like 85 years old

>> No.20380463

>>20380020
of course bitcoin can be killed brainlet. They could crash the price, hash rate would collapse, and the network would not be secure so no one would use it. Or they can set up a pool with better profits for the members, and slowly get enough to 51% attack the blockchain. This can be done easily if they really wanted to, and it wouldnt cost that much, a few hundred million would be more than enough, but there are easier ways to kill the blockchain without the need for a 51% attack.

>> No.20380480

>>20374395
This is why crypto enthusiasts and PM enthusiasts need to put aside their differences and work together.

>> No.20380496

>>20380463
Just block fiat on/off ramps and bitcoin is dead.

>> No.20380513
File: 135 KB, 1024x679, EDBD802E-1D07-4950-9A4A-7010D72773FA.jpg [View same] [iqdb] [saucenao] [google]
20380513

>>20373877
They’ve been trying for the last three years
No one wants their paper anymore

>> No.20380551
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20380551

>>20380089
Based

>> No.20380664

>>20373877
Oh wow, this stale fud again. Kys banker scum, you're never getting my linkies!

>> No.20380729

>>20380664
good, keep them. Never sell

>> No.20380733

>>20373973
it's harder to ban cryptos than rocks in the US because of the first amendment. they'll probably just do it anyway because they don't seem to be that interested in keeping up pretenses anymore. but technically there's all kinds of case law tying their hands on banning software/math.

>> No.20380766

Who will be the first to take down the fed and rotschilds in minecraft???

>> No.20380822

>>20380463
oh look its 2013 fud le 51% attack is easy and cheap
this has been explained so many times here i can only concluded with back to plebbit with you

>> No.20381188

>>20380496
Bisq.

>> No.20381310
File: 59 KB, 460x750, 72CBAFDA-5B39-487C-9E89-F0856BEBB629.jpg [View same] [iqdb] [saucenao] [google]
20381310

>>20373877
Like they killed off mp3 and email eh?

KMS urself

>> No.20381591
File: 96 KB, 675x900, 00808_jNz02tFxXY4_0t20CI_1200x900.jpg [View same] [iqdb] [saucenao] [google]
20381591

>>20374467
> I read Jim Rickards tweet.

Go fuck yourself right now. And never come back to this board

>> No.20382022

Seriously though, the central banks already own a large percentage of crypto, its part of the reason the price is so well supported at these levels and will continue to support at these levels.

Central banks will produce an alternative system of asset and fiat-based private coins, and some shit-teir governments will try and regulate them, but no one can kill it. What Eurofags don't know is that the onerous regimes of kyc/aml and tax regulations have been in place since 2017 in the US.

The only people who are in danger of losing their shit are the people who are holding assets that can't be legitimzed because they are in some way LINKED to money laundering.

There is "dirty" crypto and "clean" crypto, and there is a WEDGE making the separation deeper and wider by the day and it has been going on for some time.

So if you are a holder of legit crypto (verifiably traced back to a legal miner) you are going to like what happens because SUPPLY is being effectively constrained as the avenues for the "dirty" crypto to get "Back in" to a fiat outlet is DISAPPEARING. Just look at the efforts the Plustoken scammers have to use to TRY to get their gains out through the bottleneck of now highly regulated fiat gateways.

If you have DIRTY crypto, there is very little you can do except try and find someone stupid enough to take your dirty crypto. Thats the BIG SECRET. If you paid your taxes, if you didn't hide assets, if you bought your crypto on a regulated kyc/aml exchange, you have nothing to worry about if you are inside one of the major economies. If you didn't do any of these things, then yes, you could be targetted by the banking system. Your crypto is in fact not legitimate (basically the same as a stolen asset) and it is conceivable they could just seize/freeze your assets, demand audits or penalties, etc., based on law that has been in place for years.

>> No.20382066

>>20380822
it is a fact that it would cost no more than 10 million a day to execute a 51% attack on bitcoin. Cope all you want. Bitcoin is fundamentally flawed tho, and wil die on its own, so there is no need to do an 51% attack. Undercutting and selfish mining will kill bitcoin, for example.

>> No.20382499

>>20380496
Just outlaw tether. Imagine the shitstorm kek. 10 billion of exit liquidity instantly evaporated...btc would go sub 1k, link to ico prices, most alts would die

>> No.20382507
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20382507

The only cryptos that are in serious danger of being declared illegal (besides the ICO coins / pseudo securities) are the privacy coins and any coins linked to transactions through mixers.

Coins like Monero have a low chance of staying legal for this reason. Coins like bitcoin have the lowest probability of being banned.

I hope you brainlets enjoyed this informative discussion

>> No.20382573

>>20382022
>>20379474
this is a very nice theory, but it's not taking into consideration off shore banks that are not apart of the FED/EU/Asian banking communities.

A person could be sentence to say 5-7 years in prison and the courts still would not be able to access their funds, due to the nature of these banks.
Sucks for the guy, but can't touch his money.

Then you have tokens like XMR.

Really for these guys with dirty crypto it would be smarter to renounce your citizenship. Live your free life in the tropics.


So while I don't think it's going to be harder with dirty crypto. Just different then before.

>> No.20382642

>>20375965
All the parts are coming together

>> No.20382680

This ´friend´ of mine is a really smart guy and work in a mid level position at the central bank here in Norway. Norges Bank. He has a masters degree in economics. No larp, he told me this like 3 months ago, that big changes are coming to how crypto is gonna operate in the EU. I would guess similar changes will come to the US, since they all cooperate.

>> No.20382815

>>20373908
They already are. More and more funding is being diverted from humans to niggers and browns.

>> No.20382857
File: 124 KB, 346x495, 1402193020301.png [View same] [iqdb] [saucenao] [google]
20382857

>no more margin trading for crypto
I don't think there's a green that's green enough to describe that.

>> No.20383026

>>20382573
Oh, I agree. However, I'm not sure the value is going to stay in the coins that are outside the system if the vast majority of the liquidity is on the other side of the system.

>Today, offshore is where most of the world's drug money is allegedly laundered, estimated at up to $500 billion a year

Thats not a lot of money compared to the world economy.

Of course you can live outside the system. But for how long? The banks outside the system are under continual assault.The clock is ticking on how long any value is going to stay in these systems. They just cracked open a shitload of offshore accounts through legal means.

If you think 5-7 years of prison is equitable trade to hold dirty money (as unrealized capital gains) I don't understand the value proposition.

>> No.20383074

>>20382680
Your stories remind me of when I worked on a farm and they brought in a large truck full of manure to fertilize the fields. It smelled like shit. In fact it was shit.

>> No.20383160

>>20373908
They did it already with Tesla for taking away his fund to develop free energy for humanity.

>> No.20383205

>>20374543
if btc becomes harder to buy, wouldnt the price and utility go up?

>> No.20383231

>>20383205
ehh no, not all. How stupid is this board??

>> No.20383261

>>20382680
och du tror att han skulle berätta något för dig? jävla dumma äckel, ha det så kul på gatorna ranjeet och akta dig för bajset.

>> No.20383274

>>20373945
Privacy coins paid for in cash. Banks hate cash because it is harder to track. So if they hit crypto with limiting banks to let their clients buy with their card, a dump will happen but then people will buy it with cash. This way the banks will hurt them self.

>> No.20383382

>>20373877
war?

>> No.20383552

>>20373877
>The banks are working towards killing the crypto space. He didn´t know how exactly, but he said to expect big changes before end of the year. Redicolus laws will probably get passed against crypto, and the banks are creating their own digital currencies
crypto was created to escape and completely ignore these fucking jews. i'm all-in monero. i don't give a fuck what laws they pass. freedom is taken, not given. some of you need to learn this.

>> No.20383572

>>20373973
friendly reminder that anyone who illegally held thru this executive order profited loads more than the cucks who sold their bags at a fixed rate to uncle sam. FREEDOM IS TAKEN. NOT GIVEN.

>> No.20383648

>>20373894
Lol I’m sure everyone will be glad to take part in your crypto “revolution” to risk being thrown in jail for the rest of their lives just to trade your fucking crypto kitties.

What did you think this was going to be? It’s just an opportunity to make money, a rare thing for our generation. As soon as they outlaw it, your whole bullshit edgy revolution is over.

Crypto is going to make cash-based anonymous purchases impossible. It practically already is. This was a controlled technology to track EVERY purchase EVER, from the start.

Either make money on it or don’t. That’s literally the only question. There’s nothing ideological or inspirational about crypto.

>> No.20383723

>>20383261
hold kjeft

>> No.20383727

>>20373877
Rip stinkies

>> No.20383764

>>20373877
Central banks can't make their own laws, laws have to be passed and approved by a higher state.

>> No.20383774

>>20373877
good think chainlink isnt a stupid cryptocurrency

>> No.20383781

>>20383764
Central banks are the state

>> No.20383797

>>20383723
>neeeeej! dom kommer banna crypto!!
jävla råtta, håll käften och köp LINK som resten av oss bara.

>> No.20383892
File: 830 KB, 652x814, 1581371416310.png [View same] [iqdb] [saucenao] [google]
20383892

>>20383552
I think they (the banks) looked at crypto in the last decade and basically bought a majority amount of the supply- the entire supply- of every single asset. The entire market cap was small enough compared to even a mid-tier company in the S&P500 and the profit margins were great. The entire market was an acquisition target. JPM buying Poloniex was a public-facing fulfillment of this strategy- a place to retail all their shitcoin holdings during the 2017 bullrun when stupid retail was buying. Remember Circle, etc?, a lot of public-facing activity and investment. In the background, they just moved in and bought the supply. ALL of the supply. I hate to say it, LINK, Eth, bitcoin, everything. The backroom deal went kind of like this:

JPM/consortium of banks: We would like to buy the entire market.
Govs.: Okay, but you realize we are moving to regulate and probably make most of it go to zero
JPM: Fine, we will help & support you as the upside in the legit coins & use cases is worth it
Govs.: Thanks we needed the help and support to "tame" the asset class & generate the new revenue stream for the new asset class

It was crucial to put in place the kyc/aml and tax regimes and establish the spy algorithms, tracking & surveillance to separate the clean and dirty crypto, to fulfill the political goals of keeping centrifuges from Iran and biological weapons from North Korea, and banking services from Venezuela, etc. You want to buy Monero, thats fine but look at the fucking price. Its in a downward spiral and it will eventually be purged. You can use it all you want in the world of dirty banks, fake IDs, money laundering, etc. You can pay fiat cash for your monero, its going to be harder and harder for anyone holding it to get real liquidity out of it.

>> No.20384047

>>20383797
din dumme bajs. Selg LINK mens du ennå kan

>> No.20384556

Look at it this way: Who owns most of the financial instruments in the world? Investment banks. Do you think a small, rapidly growing asset class would simply be ignored? No. The story that bitcoin is held only by a wide array of scrappy independent investors and idealistic consumers is a fiction. Fidelity, for one, was mining the shit out of bitcoin early in the 2010s. How are prices of assets manipulated? By market makers, firms with the infrastructure to do sophisticated arbitrage and quant-driven trading. Who does Coinbase sell server co-location to? Firms with enough liquidity to trade billions in volume and willing to pay for the fastest access. What is the percent amount of total trade volume that is high speed arbitrage in this space? Enormous.

The public has helped build this liquidity base for the asset class. And the governments of the world recognize, at least privately, the value of the asset class, being right up there on a reserve basis even above gold because of its portability. And it is priced accordingly.

Like any other security or asset, I believe investment banks now control the asset. Maybe the distribution is more flat than a typical security, but probably not by much.

Recently Jamie Dimon was quoted saying nice things about bitcoin. A bit of a sell signal if it was 2017, but the situation is different now. He was reflecting on the price correlation with the tech sector generally. Implied with that correlation is the concept that the sector is now just one in a diversified portfolio, which is now being packaged and sold like any other. Witness the inflows into the securitized crypto trust vehicles and eventually, a slew of ETFs.

If you're in monero the dream is over- those days have come and gone.

>> No.20384739

>>20373894
>>20373877
They will ban crypto the same way MPAA banned movie torrents.

>> No.20385128

Damn, your high school friend told you this? Welp, I'm selling everything

>> No.20385211
File: 17 KB, 422x416, lmao.gif [View same] [iqdb] [saucenao] [google]
20385211

Crypto is just too useful as a honeypot

>> No.20385230

>>20373877
kek, Rickards also thought xlm and xrp would be the future

>> No.20385261

>>20384047
LÄSTE INTE
SÄLJER ALDRIG

>> No.20385375

>>20374433
You are a lying faggot and this thread is a FUD LARP

>> No.20385673

>>20377039
That was before cryptos had lower inflation than fiat , soon fiat will be needing an onramp from crypto.

>> No.20385814
File: 16 KB, 320x180, maxresdefault (11).jpg [View same] [iqdb] [saucenao] [google]
20385814

>Rickards

In the trash it goes