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cryrst The garden of England 20 Aug 19 2.03pm
Originally posted by stuckinbristol So when (if) crypto does become the go to currency, who will people go to to borrow money when they want to buy a house/business/something big that they need but can't afford to pay for now? Surely other people with lots will lend them the required money, at a cost. How is this better than what we have now? You get a crypto loan where the interest rate can change hourly. Not very good for budgeting but hey it's the way forward ?!?! Maybe the people with crypto now will sell at a high and lend out the cash the get. Oh hang on !
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cryrst

The garden of England 20 Aug 19 2.03pm

Originally posted by stuckinbristol

So when (if) crypto does become the go to currency, who will people go to to borrow money when they want to buy a house/business/something big that they need but can't afford to pay for now?

Surely other people with lots will lend them the required money, at a cost. How is this better than what we have now?

You get a crypto loan where the interest rate can change hourly.
Not very good for budgeting but hey it's the way forward ?!?!
Maybe the people with crypto now will sell at a high and lend out the cash the get.
Oh hang on !

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SW19 CPFC Addiscombe West 20 Aug 19 3.16pm
Originally posted by cryrst No seriously is that not a very simple explanation. How can it be different. It's ok posting all your links and how great crypto is but it seems to me to just be a protest vote. How will crypto be better. It seems like the envy of the poorer. All I read is how we are being robbed and how it shouldn't be etc etc. How on earth can it change. There is a hierarchy in all of life. Including finance. Correct what I've said and why your way will be so much better. If you reduce the amount of markets like when the euro came to Europe then you reduce competition to retaliate against currency. Crypto is a single currency. This cannot be good unless you get in early and control it exactly as the banks are now. Indeed. Did you know? 98.0000001% of people are morons.
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SW19 CPFC

Addiscombe West 20 Aug 19 3.16pm

Originally posted by cryrst

No seriously is that not a very simple explanation.
How can it be different.
It's ok posting all your links and how great crypto is but it seems to me to just be a protest vote.
How will crypto be better.
It seems like the envy of the poorer.
All I read is how we are being robbed and how it shouldn't be etc etc.
How on earth can it change.
There is a hierarchy in all of life.
Including finance.
Correct what I've said and why your way will be so much better.
If you reduce the amount of markets like when the euro came to Europe then you reduce competition to retaliate against currency.
Crypto is a single currency.
This cannot be good unless you get in early and control it exactly as the banks are now.

Indeed.

Did you know? 98.0000001% of people are morons.

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stuckinbristol In the woodwork. 20 Aug 19 3.33pm
Originally posted by cryrst You get a crypto loan where the interest rate can change hourly. Not very good for budgeting but hey it's the way forward ?!?! Maybe the people with crypto now will sell at a high and lend out the cash the get. Oh hang on ! Exactly, the King is dead, long live the King!!
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stuckinbristol

In the woodwork. 20 Aug 19 3.33pm

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Originally posted by cryrst

Exactly, the King is dead, long live the King!!

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SW19 CPFC Addiscombe West 20 Aug 19 3.33pm
Originally posted by stuckinbristol So when (if) crypto does become the go to currency, who will people go to to borrow money when they want to buy a house/business/something big that they need but can't afford to pay for now? Surely other people with lots will lend them the required money, at a cost. How is this better than what we have now? All valid points. The whole thing is an ideological pipe dream. Great in practice, but impossible in reality. The underlying technology is the main benefit to have arisen out of Bitcoin et al, but the concept of 'no banks' and decentralised social exchange powered by unregulated digital currency is simply preposterous. It might work for an economy of a few hundred with no politically led, protectionist power structures, but not for a highly complex one with several billion participants. If the banks disappear tech corporates will simply take their place – why do people think they are experimenting with their own monetary systems? They see banks struggling to keep up with the pace of change and sense an opportunity. Monzo. What do you think is their long term aim? Certainly not just to be a happy, millennial friendly way of managing money. The reality is most people want to be led. They can't be bothered with things they don't understand. They hate change. Ad infinitum Did you know? 98.0000001% of people are morons.
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SW19 CPFC

Addiscombe West 20 Aug 19 3.33pm

Originally posted by stuckinbristol

So when (if) crypto does become the go to currency, who will people go to to borrow money when they want to buy a house/business/something big that they need but can't afford to pay for now?

Surely other people with lots will lend them the required money, at a cost. How is this better than what we have now?

All valid points.

The whole thing is an ideological pipe dream. Great in practice, but impossible in reality. The underlying technology is the main benefit to have arisen out of Bitcoin et al, but the concept of 'no banks' and decentralised social exchange powered by unregulated digital currency is simply preposterous. It might work for an economy of a few hundred with no politically led, protectionist power structures, but not for a highly complex one with several billion participants.

If the banks disappear tech corporates will simply take their place – why do people think they are experimenting with their own monetary systems? They see banks struggling to keep up with the pace of change and sense an opportunity. Monzo. What do you think is their long term aim? Certainly not just to be a happy, millennial friendly way of managing money.

The reality is most people want to be led. They can't be bothered with things they don't understand. They hate change. Ad infinitum

Did you know? 98.0000001% of people are morons.

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.TUX. 21 Aug 19 9.42pm
Originally posted by SW19 CPFC All valid points. The whole thing is an ideological pipe dream. Great in practice, but impossible in reality. The underlying technology is the main benefit to have arisen out of Bitcoin et al, but the concept of 'no banks' and decentralised social exchange powered by unregulated digital currency is simply preposterous. It might work for an economy of a few hundred with no politically led, protectionist power structures, but not for a highly complex one with several billion participants. If the banks disappear tech corporates will simply take their place – why do people think they are experimenting with their own monetary systems? They see banks struggling to keep up with the pace of change and sense an opportunity. Monzo. What do you think is their long term aim? Certainly not just to be a happy, millennial friendly way of managing money. The reality is most people want to be led. They can't be bothered with things they don't understand. They hate change. Ad infinitum It worked for many thousands of years prior to the Central Banking system forced upon us all so why not again? Buy Litecoin.
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.TUX.

21 Aug 19 9.42pm

Originally posted by SW19 CPFC

All valid points.

The whole thing is an ideological pipe dream. Great in practice, but impossible in reality. The underlying technology is the main benefit to have arisen out of Bitcoin et al, but the concept of 'no banks' and decentralised social exchange powered by unregulated digital currency is simply preposterous. It might work for an economy of a few hundred with no politically led, protectionist power structures, but not for a highly complex one with several billion participants.

The reality is most people want to be led. They can't be bothered with things they don't understand. They hate change. Ad infinitum

It worked for many thousands of years prior to the Central Banking system forced upon us all so why not again?

Buy Litecoin.

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cryrst The garden of England 21 Aug 19 10.26pm
Originally posted by .TUX. It worked for many thousands of years prior to the Central Banking system forced upon us all so why not again? When corn and raw metals were the currency being traded. I suppose there is a similarity whereby everyone did produce their own to swap or sell. Then the idea of a common trading token was accepted. Crypto will be the currency eventually ,but rushing it through when banking and money as we know it took many years is surely folly. They need to run side by side but most people dont spend crypto. They sell or swap it for currency. Even with crypto someone has to mine it so someone, somewhere has the master key and makes up the equations to be mined. I stand to be corrected on that but I believe in layman's terms that's how it originates.
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cryrst

The garden of England 21 Aug 19 10.26pm

Originally posted by .TUX.

It worked for many thousands of years prior to the Central Banking system forced upon us all so why not again?

When corn and raw metals were the currency being traded.
I suppose there is a similarity whereby everyone did produce their own to swap or sell.
Then the idea of a common trading token was accepted.
Crypto will be the currency eventually ,but rushing it through when banking and money as we know it took many years is surely folly. They need to run side by side but most people dont spend crypto.
They sell or swap it for currency.
Even with crypto someone has to mine it so someone, somewhere has the master key and makes up the equations to be mined.
I stand to be corrected on that but I believe in layman's terms that's how it originates.

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.TUX. 25 Aug 19 9.22pm
Originally posted by SW19 CPFC All valid points. The whole thing is an ideological pipe dream. Great in practice, but impossible in reality. The underlying technology is the main benefit to have arisen out of Bitcoin et al, but the concept of 'no banks' and decentralised social exchange powered by unregulated digital currency is simply preposterous. It might work for an economy of a few hundred with no politically led, protectionist power structures, but not for a highly complex one with several billion participants. If the banks disappear tech corporates will simply take their place – why do people think they are experimenting with their own monetary systems? They see banks struggling to keep up with the pace of change and sense an opportunity. Monzo. What do you think is their long term aim? Certainly not just to be a happy, millennial friendly way of managing money. The reality is most people want to be led. They can't be bothered with things they don't understand. They hate change. Ad infinitum Agreed. Buy Litecoin.
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.TUX.

25 Aug 19 9.22pm

Originally posted by SW19 CPFC

All valid points.

The reality is most people want to be led. They can't be bothered with things they don't understand. They hate change. Ad infinitum

Agreed.

Buy Litecoin.

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.TUX. 30 Aug 19 9.39pm
Taking yet another manipulated hit, boo hoo , yet is still not at ZERO for some reason? Wake up chaps. The future, despite being written-off over 130 times in 10yrs..........is staring you in the face SAGTTB Buy Litecoin.
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.TUX.

30 Aug 19 9.39pm

Taking yet another manipulated hit, boo hoo , yet is still not at ZERO for some reason?
Wake up chaps. The future, despite being written-off over 130 times in 10yrs..........is staring you in the face

SAGTTB

Buy Litecoin.

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cryrst The garden of England 31 Aug 19 8.04am
Originally posted by .TUX. Taking yet another manipulated hit, boo hoo , yet is still not at ZERO for some reason? Wake up chaps. The future, despite being written-off over 130 times in 10yrs..........is staring you in the face SAGTTB By whom. I thought that it couldn't be as it's a totally isolated currency. Unable to be manipulated.
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cryrst

The garden of England 31 Aug 19 8.04am

Originally posted by .TUX.

SAGTTB

By whom.
I thought that it couldn't be as it's a totally isolated currency.
Unable to be manipulated.

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chris123 hove actually 31 Aug 19 11.28am
Originally posted by cryrst By whom. I thought that it couldn't be as it's a totally isolated currency. Unable to be manipulated. Well there's a futures market now so you can hedge just like most commodities and currencies.
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chris123

hove actually 31 Aug 19 11.28am

Originally posted by cryrst

By whom.
I thought that it couldn't be as it's a totally isolated currency.
Unable to be manipulated.

Well there's a futures market now so you can hedge just like most commodities and currencies.

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cryrst The garden of England 31 Aug 19 12.41pm
Originally posted by chris123 Well there's a futures market now so you can hedge just like most commodities and currencies. Del boy bet on the futures market. Didnt go well
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cryrst

The garden of England 31 Aug 19 12.41pm

Originally posted by chris123

Well there's a futures market now so you can hedge just like most commodities and currencies.

Del boy bet on the futures market.
Didnt go well

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.TUX. 11 Sep 19 11.21pm
Originally posted by cryrst By whom. I thought that it couldn't be as it's a totally isolated currency. Unable to be manipulated. There isn't a market (Bonds, Currency, Stocks, Precious Metals etc) on the planet that isn't manipulated. The crypto market is currently tiny in comparison therefore easily manipulated for not too much money (in the grand scheme). Despite prices being lower than the peaks around 18months ago, trading volumes continue to eclipse those seen at the peak. This space is far from dead, quite the opposite. SAGTTB................baby brains. Buy Litecoin.
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.TUX.

11 Sep 19 11.21pm

Originally posted by cryrst

By whom.
I thought that it couldn't be as it's a totally isolated currency.
Unable to be manipulated.

There isn't a market (Bonds, Currency, Stocks, Precious Metals etc) on the planet that isn't manipulated.
The crypto market is currently tiny in comparison therefore easily manipulated for not too much money (in the grand scheme).
Despite prices being lower than the peaks around 18months ago, trading volumes continue to eclipse those seen at the peak. This space is far from dead, quite the opposite.

SAGTTB................baby brains.

Buy Litecoin.

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