Discussion in 'Off Topic' started by Dr. AMK, Jan 7, 2018.
VISA Completes First Cryptocurrency Transaction on Ethereum
Other's will follow.
How many will follow this direction?
Hard to predict. It could go either way. I do believe that Bitcoin and the stock market follow one another closely, but crypto is more volatile and doesn't have any real-world value. It only has value because people believe it does, but there is nothing tangible associated with it. (Sounds a lot like a video card launch, LOL.)
Elon Musk just invested $1.5 billion into bitcoin.
Tesla announced it will soon allow people to buy their cars using bitcoin.
PayPal recently allowed its 300 million users worldwide to buy, sell, and hold cryptocurrencies. And you can use bitcoin to purchase goods and services from millions of businesses that use PayPal.
I have not purchased (and have no plans to buy) any crypto. I only have what I can mine. It's not a lot, but if it goes belly up I haven't lost anything other than the electricity. I should probably start cashing it in for gift cards with places like Amazon, Walmart, Home Depot, Best Buy, etc. to avoid any losses of the free fake money.
I think the push for digital currency, especially in places like China, is because it allows the government to take control of everything. Crypto-currency is the opposite of that because they cannot monitor, tax or confiscate it as easily, if at all. They cannot monitor what you have or how you spend it. For that reason I would not have a surprised look on my face to see governments like China do everything they can to undermine crypto. They are peddling a different kind of fake money with their own (mark of the Beast) digital currency.
And in the future it won't be much different than todays real money. The government will put their nasty fingers into your coins you have saved in your crypto account and you have to pay taxes and fees in same way as now. The only diffference in the furure vs now... You can't hide it from them in same way as now.
And if we get big fluctuations in coin value (tops and crash) it will not be for the better for all of us.
Totally agree with you, God save us from what's comimg.
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Crypto mining profits and capital gains are already taxed in many countries..
Yes, but it is dependent on voluntary disclosure and is essentially inaccessible... unlike a government digital currency would be. Only an amount spent would be trackable, and even then only with very deliberate surveillance effort. Because crypto is decentralized, no government has the authority or jurisdiction to control it. All of the above are it's most redeeming qualities. It also makes it popular with organized crime. Assets are difficult to seize, and if they are, they remain inaccessible and unusable.
PayPal will let US users pay with Bitcoin, Ethereum and Litecoin starting today
The 3090 is a BEAST at mining. It is WRAITH in the list below... note the 119.20 MH speed. BANSHEE is the 2080 Ti and WHEEZER is the 2060 turdbook.
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