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Bitcoin and the Crypto Chads

Awani

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NFTs is the biggest scam ever created IMO. Your greed will be very disappointed. Hope I'm wrong.

Buy NVIDIA or BTC if you want to fund greed. That's my pro-tip. ;)

When it concerns ideological reasons I really can't argue with those... I got some doge for that reason. :ROFLMAO:
 

Lakshmana

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Yeah lol they are terrible I'm 100% Monero.
60% up since Binance delisting.
 

Lakshmana

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I think Kraken might be next to delist or Kucoin, probably good time to realize profits and wait for the next one.
 

Awani

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The Monero curve seems fairly flat, it's way lower than when it began. Same curve as Dogecoin almost. This would be fine if it was a dividend stock or something.

BTC has a nice upward journey... but more time has passed... could be the reason. Or the finite amount aspect.

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Lakshmana

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The attacks against Monero are flattening the curve so to speak, It is being regulated, banned, removed even the network is under attack frequently DDOS/flood attacks (why I'm mining to help secure the network).
The technology is awe-inspiring when you understand how Monero functions, it is like a black box, possible to verify the code from the outside and confirm what it is doing, but you cannot see what is happening inside the box, the transactions etc.
I believe in doing the opposite of what is being attacked by the mainstream.

Transaction fees on Monero will never be like BTC it could actually be used for daily fast transactions, I do like BTC too it is like proper digital gold a 100€ transaction fee does not matter if you are buying a house or a car, or if you once a year transfer a sum of money to the lightning network.
The surveillance on BTC if you use it like a normie with KYC and without running your own node and shuffling it around is as bad as fiat if not worse.
BTC was built with privacy in mind but people forgot and surrendered to regulation & clickbait NGU.

As long as we don't accept CBDC its at least better than current fiat system.

One thing is for sure, the eurodollar is failing, once it does the "winner" of this currency race will at least keep their money.
Monero is black market, rebellious, for the 0.1% that care to keep their privacy and don't just think "I have nothing to hide I'll allow the government to rape me"
And the irony is that nation states use it too.
 

Awani

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I agree and understand, but also disagree.

Realistically - thus far - we need fiat to live. If I tried to pay everything with Monero I'd starve to death as very few places would take it. Even BTC is like that in a sense. I'm sure BTC will be more normalized and easier to use in a food market eventually, but Monero will never get that far I don't think. Thus Monero is good for either hiding wealth or using it to buy something illegal, which is fine.

But I mainly want realistic wealth and BTC is a good grower of funds.

In terms of allowing the government to rape... well, if that is placed against the fact Monero is not practical it doesn't really have much value for me. I need to buy diapers and shit.

That's why debt, incorporation and knowledge of the tax system comes into play. The working class often complains that the rich don't pay tax... well that's not because they have different rules... they simply have intelligent economics. Poor people have the "employed" brain, the slave brain... they believe in salary. The rich don't. Thus the answer to the "govenment rapes" is to learn and imitate what the rich do... I documented some gems in this thread. Personally I think some of the stuff I've written in there is fucking gold, but people sleep on it.
 

Lakshmana

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There are actually already services that let you purchase pre-paid debit cards and/or gift cards/coupons for your local grocery store. I went down to my local supermarket and payed with Monero or BTC even though they don't "officially" support it, we are at an early stage of adoption.


You want 'Number Go Up' and are not yet ready/willing to completely break free from the unreasonable tax rates (even if you can legally lower them) and surveillance systems. I get that.

Whenever something alternative or capable of replacing current established systems is created, that thing will encounter a structure which is resisting change for greedy and/or power-hungry reasons.

I agree that some amount of control is good, especially the billionaires who can alter reality to some extent with their influence, but we are already in that position with the current system.
 

Awani

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There's no way I can do that where I live. Not feasible.

Without doxxing, let me just say this: it would be financially stupid for me to go down that route thus I stack the alternative, but make the traditional work for rather than against me

Only a major disaster will uproot the current system... it won't happen "naturally".

The sytem can't be controlled... it can only be hacked or destroyed. If you don't learn to hack it, then all you can do is destroy it... which is fine... but even if you've stacked water in your house in the woods, if you burn down the forest, you'll burn too... the heat will turn that water to steam.

I've also got kids. My life extends beyond my own existence.
 

Lakshmana

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Mark my words this current system, always self destructs, we merely have to adjust our circumstances and soften the fall to the point where it does not affect us.

And do what? Utilize simple tools that are available everywhere?
You could totally buy some diapers with XMR in your great nation.
 

Awani

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I’m not too worried.

And if shit hits the fan it is irrelevant anyway.
 

Lakshmana

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It seems that the internet of things and computers are baked into the "new world" they will not just dissipate only in some regions of extreme war etc.
Things like Monero and BTC cannot be destroyed very easily at all.
I'm sure new technologies based on peer to peer radio frequencies will take over at some point as an underground from the great firewalls and censored medias.

Anyways I think we had a good conversation here, cheers.
 

Selcuk

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1 Bitcoin = USD 15 000

Fuck, wish had bought more than one five years ago... greed is never satisfied. Now I want it to crash so I can buy tons more... I don't know what the future holds for Bitcoin... all I know is that digital currency is a reality... in the end the only thing we win or loose are numbers on a screen. Value is relative. And you can't "win" unless you play.

:p
No words..
 

elixirmixer

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Monero is actually illegal in Australia. I actually met one of the professors responsible for the technology at a crypto conference in Melbourne. It's a perfect technology for people who want their transactions to be anonymous. But for me personally, there isn't much to gain and it's a massive red flag. I highly doubt monero will ever really take off. The majority of humanity, and certainly the big money, will never trade like this long term to any significant degree. But I guess I could be wrong. I guess I am ignorant to the dealings of the underworld. I'm sure monero provides an excellent use case for people in the money laundering and black market games.
 

Lakshmana

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Monero = cash = better business = more abundance = greater quality of life, Oh no but its illegal, the overlords don't like it, what about the tax we need it for the roads and the education system and all these great programs on television, taxation is important, how dare you think like that.
Humans (and governments) always do Illegal business but this time It's the currencies fault.

I did say It's for the 0.1% that actually give a damn.
 
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Awani

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A bit of a straw man as Em didn’t give those arguments like "pay for roads".

We have to be mature about it. I am in the 0.01 %. It’s easy to be 100% off grid if you’re a single man. Not as much if you have kids, esp. if home schooling is illegal.

Sure, one could move country but there are always pros and cons. In a sense if one is, like I am, in a very wealthy country the cons are acceptable IF you hack the system and use all the eggs for all the baskets.

Monero for me is more a novelty, it will never be a serious source of income or an economic tool. It has too many limits. I doubt I can pay my kids private day care with Monero.

It might change, but so far we have our own money (not Euro) and the country I am in does makes a profit… even if they waste a lot on trash. I am interested in what is feasible and logical right now, not pipe dreams. Philosophy is fine, I like that... but here I am talking about actual actions right now.

I can complain all day about what is wrong about where I am, but compared to most other places it’s pretty god damn good.

I buy BTC for three reasons:

1. Support it
2. Back-up in case fiat goes to shit
3. Growth

Monero can’t provide me with all three of those reasons, thus it’s not as important to me.

The main reason BTC is based is the finite amount aspect. If a crypto cannot provide that aspect, then it is no better than fiat… which is why I dislike calling BTC crypto. All crypto behave like fiat. BTC does not.

I want to retire and live from passive income. To do this, neither Monero nor BTC can help me (currently), but if BTC is worth what I suspect it will be in a few years then it will help me get rid of debt.

Debt is good, but you should be debt free when retired. Debt is a tool to generate wealth, but when you cash out then it’s good to be debt free.
 

elixirmixer

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LINK is a really fucking good buy right now.

The risk to reward on LINK is huge. It will 8x before the end of next year. Mark my words. Much faster if Trump gets elected.

XRP is also doing some interesting things. The data is showing that many of the smaller xrp holders are getting rinsed out of the market. This could mean that very soon we see the xrp price skyrocket. Particularly if this happens to coincide with some good court news.

LINK. XRP. KASPA. ..... also ALGO for the long-term. ALGO has such shitty price history. But the technology is just too OP (over powering)

I'm not going to deep dive into these projects. XRP, LINK and ALGO are going to be grand champions of crypto in the end. KASPA is more risky, but it IS Bitcoin 2.0

Can't say whether or not it will ever be worth anything. But it is basically just a better version of Bitcoin. In that it is one of the rare cryptos that is actually decentralized. It's also faster, better for the environment and more secure than the Bitcoin network. From a technology standpoint it's superior to Bitcoin in basically every way.

But this is crypto. And logic doesn't exist in these markets. And just because something is a fantastic technology, does not necessarily mean that will be reflected in its token price, so please do your own due diligence and don't do anything stupid like taking financial advice from an alchemy forum.

But buy these things. I don't own any of them. But I have in the past and have been watching these assets like a hawk for 3 years and NOW is a GREAT time to be buying. Especially LINK and XRP.
 

elixirmixer

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Feel free to remember me too. I could do with a bit of love.
 

Awani

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KASPA. Interesting. Is it finite like BTC?

I can't find it on the exchange where I buy my BTC (I don't store any there, just buy and ship to private wallet then to cold wallet... I am a professional 😂).
 

elixirmixer

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There is a max supply of 28billion and we are currently at 24.

The price action is pretty healthy. I made a shitload on this coin earlier this year before I made the fatal move of shorting Bitcoin.