Do you think crytocurrency will become more mainstream

Specialun

Well do you...

Obviously bitcoin and a few others are well known..but do you think we will ever be paying in shops with crytocurrencies or will they remain underground

Ubbquittious

I hope so. Would be great to see the banks fade into obscurity

Permabear

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McCrack

They will absolutely, exciting times ahead

Capt'n Midnight

Every Ponzi scheme and scam that has been used on real money has been used on crypto currencies.

The half life of an exchange is just a few years before the coins disappear, sometimes it's the owners, sometimes it's just poor security.

Governments can't change the value of a crypto currency, except when they do. Chinese govt has changed the value of Bitcoin many times.

uch

No

Atlantic Dawn

I've a feeling the Irish government would clamp down on its use if it became mainstream.

GhostyMcGhost

There's something about these currencies I can't put my finger on

I really can't help but feel insecure around bitcoin

Very very volatile and too anonymous for my liking. The dark web loves it, which is probably the exact reason I don't

Seems like it could go tits up leaving a whopping chunk of the population broke overnight

uch

I suppose the easy way to look at is, if you want a capitalist society, would you like to be paid in such a volatile currency,

Tigger

GhostyMcGhost wrote: »

There's something about these currencies I can't put my finger on

I really can't help but feel insecure around bitcoin

Very very volatile and too anonymous for my liking. The dark web loves it, which is probably the exact reason I don't

Seems like it could go tits up leaving a whopping chunk of the population broke overnight

the dark web loves real money more

its a ponzi scheme you can make money but its gambling

Permabear

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paleoperson

I hope not. I don't want finances to turn into literally an MMORPG. Money is money, it should be standard. All this messing around is a complete waste of time.

Hollister11

It's a bubble that's going to crash sooner rather than later.

Capt'n Midnight

Atlantic Dawn wrote: »

I've a feeling the Irish government would clamp down on its use if it became mainstream.

Legally speaking all the old "job vouchers" that people used to exchange were taxable as income.

So yeah Bitcoin is already taxable as both income, and capital gains tax.

Anyone arguing otherwise is a tax evader, at best.



And yes I would love if our Billionaires had to pay USC on every cent of their income just like anyone who gets more than €250 a week has to :mad::mad::mad:

Permabear

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prinzeugen

Permabear wrote: »

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Source? How does one pay for bogroll in bitcoin in a Venezuelan equivelent of a Spar?

Esel

prinzeugen wrote: »

Source? How does one pay for bogroll in bitcoin in a Venezuelan equivelent of a Spar?

Especially when the shop has no bog roll due to US 'embargo' shenanigans...

scamalert

well bitcoin hit like 5000 usd just another day, from lows of 800 this year so thats like 500%+ profit.Only problem is if it was to hit -500% nobody probably would even notice the difference, if it was actual currency then term hyperinflation wouldn't be able to match the economical damage, its all grand when nothing turns into cash and your able to use it to profit, but in reality it wont happen since theres to much hassle with it and issues compared to plain printed cash controlled by government, not few people who are able to pump cpu factories in China to keep btc demand and supply.

good for darkweb or speculation but otherwise useless like some 1000$ worth awp skin on steam market, in other terms people are into a lot of stuff nowadays that's digital money and items, but its all powered by real cash.

Permabear

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Permabear

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conditioned games

Yea in years to come we will use digital currencies like Bitcoin instead of what we currently have. Debt based currencies like euros, dollars, sterling etc are on the way out. Massive currency printing and debt creation is keeping them alive for now.

Bitcoin is secure as transactions between 2 parties are verified by the network around the world before being added to the blockchain. Also as coins are limited in supply the value won't erode over time. Apart from Bitcoin though I wouldn't trust the other coins.

sabat

Maximum bitcoin transactions per second - 4 -
that's for the whole world.
VISA can handle 56,000.
That alone will tell you that btc has zero chance of becoming a viable currency, before you get into the hundreds of other reasons why it's bullsh1t.

donegaLroad

Permabear wrote: »

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I read that Bitcoin mining had become popular in Venezuela, so I Googled it out of curiosity. A person in Venezuela can earn on average $500 per month by Bitcoin mining. I just wonder if people from more wealthier countries who have more disposable income could make a lot more than this?

*I dont quite understand Bitcoin mining.

Permabear

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