Cryptocurrency just got the official stamp of approval.

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  • nico-t
    emperor of my world
    • Aug 2004
    • 29903
    #1

    Cryptocurrency just got the official stamp of approval.

    The obscure headquarters of the global banking cartel, the BIS, has come out with a statement against cryptocurrency. This is the best recommendation FOR cryptocurrencies to date: That the mostly silent BIS which is the head of all central banks worldwide feels the need to spread disinformation to counter the rise of cryptocurrency is telling.

    https://www.investing.com/news/crypt...rm-bis-1495989

    If cryptocurrency would replace fiat this century old banking cartel which is built to enslave people with debt goes out of business. The fact that they release this statement shows just how threatened they feel in their ivory tower. I love it.
    Tags: None
    • Smack dat
      So Fucking Banned
      • Jul 2016
      • 4613
      #2
      Did you read the PDF?

        Comment

        • $5 submissions
          I help you SUCCEED
          • Nov 2003
          • 32195
          #3
          Crypto will never be banned.

          It's decentralized and there are so many creative ways of turning fiat into crypto and back again.

          The global demand for crypto GUARANTEES its survival

            Comment

            • slapass
              Too lazy to set a custom title
              • Nov 2002
              • 14625
              #4
              Originally posted by $5 submissions
              Crypto will never be banned.

              It's decentralized and there are so many creative ways of turning fiat into crypto and back again.

              The global demand for crypto GUARANTEES its survival
              What is the use other then crime?

                Comment

                • jscott
                  jscizzle
                  • Feb 2001
                  • 25411
                  #5
                  Originally posted by slapass
                  What is the use other then crime?
                  pay bills, get direct bank transfers with 20 cent fees (rather than overseas $15 bank fees), delivery foods, buy domains, and most importantly is transfer of value, cutting out the middle man.

                  Those who consider "cutting out the middle man" as criminal are absolutely ignorant to technology and progress. Sad
                  “If you think tough men are dangerous, wait until you see what weak men are capable of.”
                  —Jordan B. Peterson

                  Listen to Pomp tell why is Bitcoin important

                    Comment

                    • baddog
                      So Fucking Banned
                      • Apr 2001
                      • 107089
                      #6
                      Quantum Computing

                        Comment

                        • The Porn Nerd
                          Living The Dream
                          • Jun 2009
                          • 19784
                          #7
                          Never be cryptic about crypto.

                          :D
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                            • pimpmaster9000
                              Too lazy to set a custom title
                              • Dec 2011
                              • 26732
                              #8
                              Originally posted by nico-t

                              If cryptocurrency would replace fiat this century old banking cartel which is built to enslave people with debt goes out of business. The fact that they release this statement shows just how threatened they feel in their ivory tower. I love it.
                              nobody is actually using crypto for purchases...maybe 2 guys on this forum purchase something 1x/month with crypto but its adoption for actual use, outside of speculation, is almost 0...volume is 99.9999% exchanges...

                              also printing money has its advantages... want to buy a house? good luck finding somebody who will give you 30 years credit with crypto...want to stimulate the economy? good luck doing that without a printing press...others are printing and you are not...your shit is getting expensive, theirs is getting cheaper due to inflation of their ever more worthless currency...people just cherry pick the good bits of crypto and ignore the bad sides and consequences...

                              at best, crypto will be like baseball cards or domain names...a fringe storage of value for die hard fans...
                              Report a suspicious cracker: Click Here

                                Comment

                                • jscott
                                  jscizzle
                                  • Feb 2001
                                  • 25411
                                  #9
                                  Those who say Bitcoin has no use case are very wrong. It's an argument that is getting weaker and weaker with time, and usually it's Americans saying this (USA has the slowest adoption of crypto in the world).

                                  It is the best store of value one can have, and adoption speed of Bitcoin is going to grow every year.

                                  Best way to transfer money from person to person (p2p) is by Bitcoin. No middle man, no fees (check LN rates right now), and super fast.
                                  “If you think tough men are dangerous, wait until you see what weak men are capable of.”
                                  —Jordan B. Peterson

                                  Listen to Pomp tell why is Bitcoin important

                                    Comment

                                    • CaptainHowdy
                                      Too lazy to set a custom title
                                      • Dec 2004
                                      • 94727
                                      #10
                                      Step-by-step video to mine bitcoin:

                                        Comment

                                        • BroadwayJoe69
                                          So Fucking Banned
                                          • Jun 2018
                                          • 340
                                          #11
                                          Crypto is the biggest scam out there

                                            Comment

                                            • jscott
                                              jscizzle
                                              • Feb 2001
                                              • 25411
                                              #12
                                              Originally posted by BroadwayJoe69
                                              Crypto is the biggest scam out there
                                              Poor guy, bought in December at crypto peak, sold at loss, and now crying and calling it scam
                                              “If you think tough men are dangerous, wait until you see what weak men are capable of.”
                                              —Jordan B. Peterson

                                              Listen to Pomp tell why is Bitcoin important

                                                Comment

                                                • HomerSimpson
                                                  Too lazy to set a custom title
                                                  • Sep 2005
                                                  • 13826
                                                  #13
                                                  https://www.techspot.com/news/75087-...ipulation.html
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