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9167395 No.9167395 [Reply] [Original]

I still don't get it. What are all these coins good for? You can't trade them for good and services like you do with real currencies. You can't eat them. They feel like some fucking casino chips you gamble with but are worthless unless you convert them back to real money in the end.

>> No.9167402

REQ will solve that.

>> No.9167439

>>9167395
Idiots trading with idiots. Everyone thinks they found some kind of revolutionary idea and everyone's jumping in on it.

It'll pass, don't worry.

>> No.9167460

It's partially speculation on emerging techology but mainly >>9167439 desu

Bitcoin can be used to buy drugs too

>> No.9167467

>>9167395
That's why casinos don't exist.
Oh wait

>> No.9167587

>i dont get it waa

And how much research have you done?

>> No.9167609

>>9167587
Enough. Blockchain technology has been out there for a decade already. If it has had no real applications to this day, it never will.

>> No.9167638

>>9167395
This is what 0xBitcoin is going to solve, there won't be a need for 1000 different tokens when everyone can just implement 0xbitcoin in their dapps and smartcontracts

>> No.9167653

>literally play eth games all day and make 10k/month doing so
>mfw reading people who probably earn less than half of that wondering "what's the point of trustless programmable currency that frees developers from any need to manage accounts, payment systems or any type of security save for their frontend"
>mfw the real advantage isn't even the money being made, but the knowledge and fluency acquired in this technology bound to become ubiquitous
but yeah, you keep on mumbling about casino coins. who knows, it might work out just fine for you

>> No.9167677

I don't mind spoonfeeding but at least put 30 seconds of googling into it before shitposting. Trading them for goods and services is the most common thing they have in common unless it's a utility token.

Check out bitcoin, also known as BTC. It's pretty neat stuff. I can't think of a better place to tart reading than there. It's pretty well known too.

>> No.9167703

Damn, good question. You're probably the first one asking this too, welcome to biz o wise one.

>> No.9167705

Projects that work with real world use cases will prevail once the hype is dead. 95% of crypto right now is a fraud.

>> No.9167770

>>9167395
People can now ignore the government more and more, is it so fucking hard to understand?
Short term yes, you only trade to accumulate welath in USD, but long term crypto is shrinking the power of the governments.

>> No.9167826

>>9167395
i got my first crypto debt card over the weekend. OP, why would i transfer my crypto that is going up in value to fiat that is losing value? 'real money' is dumb to hodl.....

>> No.9167856

>>9167826
But what can you do with it, besides converting it back to real money.

>> No.9167926

>>9167856
Buy airplane tickets, airbnb, anything on amazon, settle debt with friends etc.
If you look hard enough then you can find pretty much everything you need with crypto.
You could have got that crypto from anywhere with 0 tax and nobody will ask you where you got it. Governments will start banning it eventually because of this, but eventually they will fail to enforce it.

>> No.9168012

>>9167926
But you're not using it to do those things and neither is anybody else. As you said, it's raising in value, so why spend it? In the end, it's nothing more but a scam where people funnel fiat money at it until it's time to cash out and some fools lose everything they put in.

>> No.9168296

>>9168012
What do you mean I'm not using it for any of these things?
I do for all of these things, that's why I wrote them out. I only buy groceries and pay rent in fiat.
And with every purchase I do in crypto, the government gets 0 money.

>> No.9168308

>>9168012
I'm using crypto because I only keep a small necessary amount in fiat (I'm self employed and don't have normal salary)

>> No.9168327

>>9168296
>And with every purchase I do in crypto, the government gets 0 money.

this is not how this works brainlet. If you buy something online the seller pays tax on your behalf so the price is higher before you even get to see how much of it is tax.

paying with casino chips doesn't change that in any way.

>> No.9168334

fuck off kike, we dont want your fiat dog shit backed by jew grease.

>> No.9168341

>>9167395
Crypto is never going to be a real currency, the only thing it's good for is exploring decentralized technologies - the coins are basically company stocks. That's it.

>> No.9168348

>>9167439

this.

i have thousands of dollars invested anyway though

>> No.9168425

>>9168327
Ok, I agree that you still basically pay VAT, but this will also be overcome.
But you can still avoid income tax, social tax and trade based taxes depending where you got the money from. Basically it all comes down to the people accepting the new tech with an incentive to avoid taxes.

>> No.9168552

Basically you can use crypto anywhere where you would otherwise use cash, but you can also use it online.
This creates a lot of loss for the government and eventually it won't have the resources to enforce the remaining taxes.

>> No.9168578

>>9168425
That's tax fraud tho so I'd be careful about buying a car with crypto, for example

>> No.9168587

>>9167395
That is the point; maximizing the fiat money you have. If enough idiots believe that the tech is going anywhere you can make a quick buck out of it.

>> No.9168591

>>9168578
That's true, currently I'm playing by the rules when it comes to cars and real estate.

>> No.9168605

>>9168552
>>9168578

That being said - any insight on when to get started? I don't mind doing tax fraud when Binance doesn't even have my name tied to it kek

>> No.9168739

>>9168578
They can't do shit about it though. Last car I bought was $10, a 2008 chevy malibu. I did give him a gift of less than $14k so that was his way of saying thanks I guess. They can't tax that small of a gift so it's a non-issue. I did have to pay taxes when getting my license plate, but it's not so bad on $10.

>> No.9168749

>>9168605
Learn about CryptoNote. Start with Monero.

>> No.9168794

>>9167653
>i won in a casino
>everybody should earn their living by playing in a casino

>> No.9168810

>>9168794

C O P E.

>> No.9168891

>>9168810
yeah i'm still coping with selling all that garbage in january

>> No.9168911

>>9168891
sure, thanks for holding our bags anon

>> No.9168956
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9168956

>>9168911
>sold ath
>holding bags

>> No.9169478

>>9167638

Holy fuck, just stop prandeep, we aren't going to buy your bags. It's a completely redundant token.

>> No.9169510

>>9167395

Never gonna make it.

>> No.9169752

It's a big scam

>> No.9170118

>>9168552
Liteally everyone can see every transaction ever.

But the gov can not enforce tax

>> No.9170166
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9170166

>>9167395
>You can't eat them
LMAO
>WHAT COIN FOR?
>ME EAT
>OWWWW! COIN TASTE LIKE COMPUTER!!! GRRRRR!

>> No.9170190

>>9167395

You can use your ERC20 tokens on the Request Network Akon with your BTC and ETH.

Problem solved.