F*CK BITCOIN. USELESS COIN BACKED BY NOTHING. Stablecoins are the future. - page 3.

CLS63

legendary

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Is Bitcoin really useless to you? Are you for real? Grin

Bitcoin is the oldest cryptocurrency in this market. It is like it is the ancestor of all of the altcoins existing in the market. And it has the biggest dominance which causes Bitcoin to be able to change the way things are going in the market. And Bitcoin adoption is also increasing day by day. We will most probably see Bitcoin being used in many places in the future. In terms of investment, Bitcoin is one of the best places to choose also. Especially if you are a HODLer, you can make a lot of profit in the long run. And this goes on like that.

In short, I don't agree that Bitcoin is useless.

Stablemoney21

newbie

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Quote from: ?? on ??

if you say bitcoin like that then why bitcoin can have a very expensive price and why are stable coins widely used to buy bitcoin? come on don't close your eyes bitcoin until now is very useful, bitcoin has a very limited supply so many people want to have it and bitcoin can be used to buy whatever you want as long as the seller accepts payments using bitcoin and many people have used bitcoin to buy something even buy an island.

BTC is being pumped up by billionaires and instututional investors. Just because its price is going up does not mean it is useful. Look up Tulip mania, the dot com bubble, the real esatate bubble and even the current vc bubble. Loads of money given to useless start ups at sky high valuations, 90% of which fail within a year. The true potential of crypto lies in ETH and stablecoins. Smart contracts actually have practial use and stable coins are a viable currency alternative. That is why central banks are desperately trying to find ways of limiting stablecoin usage.

Stable coins = Power to the people.

BTC = Propping up the billionaire's scam.

Quote from: kevindjunaidi on August 21, 2021, 07:49:22 PM

Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

it looks like you are one of the people who are hurt because you sell Bitcoin at a cheap price, so that makes you crazy, because if you are a Bitcoin investor, then you will definitely be rich now and will not blaspheme Bitcoin, then please invest yourself in your stablecoin, because stablecoin can't make you rich like you invest in Bitcoin, so in the future we will laugh at you because we have become rich and your money is still stable.

Your mentality is no different than any other idiot who invests in in a speculative bubble, whether tulips, or bulshit start ups. Let my guess,
its gonna raaaaaaaain maaaaaaaaaaaaaaan. Keep making parasite Elon the troll richer. Lol

[moderator's note: consecutive posts merged]

kevindjunaidi

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Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

it looks like you are one of the people who are hurt because you sell Bitcoin at a cheap price, so that makes you crazy, because if you are a Bitcoin investor, then you will definitely be rich now and will not blaspheme Bitcoin, then please invest yourself in your stablecoin, because stablecoin can't make you rich like you invest in Bitcoin, so in the future we will laugh at you because we have become rich and your money is still stable.

Stablemoney21

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@ Eden Hazard. Idiot all of the worlds politicilans are prostitutes that are controled by the banking cabal.The banking cabal and the basel comitee control the world economy through the bank of international settlements. the bilderberg conference and the davos conference. All the banks have to do is pay the prostitute politicians to introduce restrictions on btc service providers. The politicians will follow like the dogs they are. The US do not care about bitcoin because it serves the interests of the billionares that have bought Congress.

The political elites fear private stable coin issuers. That is why Janet Yelen. the SEC. and the CFTC are trying to come up with bulshit regulations to curb private stablecoin issuers. If the US or the cabal want to ban bitcoin they can do so by going after entry points such as exchanges and brokers.

They won't because btc serves the interests of the financial elites. Trols like Elon Musk and Mark Cuban love it. They can use it sucker millions from retail investors. Even better there are no laws to stop these parasites from doing so. Yayyyy btc the perfect scamcoin for Elon sand his merry litle band of billionaire scammers.

EdenHazard

legendary

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Quote from: Stablemoney21 on August 21, 2021, 03:56:04 PM

Fiat is backed by faith in the economy, millitary power, political power, global influence the rule of law and the integrity of public instututions. BTC backed by ....? Its souce of value other than speculation. Fiat used as a legitimate means of exhange over the last century. Precious metals have been used as a medium of exchange and a store of value for more than 2 milinea. BTC hmmm mumbo jumbo I guess. Buzzwords blahh blaahh blahhh.

Governments can easily destroy the price of BTC by preventing banks from processing wires to crypto exhanges.

The chinese government did this and sent the price of btc crashing by nearly 50%. Western governments can easily crash the price of btc if they want.

But they do not want to do this since btc is a shill coin for the masters of government. Billionaires.

tell us how?
how government around the world preventing banks from processing wires to crypto at once? HOW THE F*CK THEY CAN DO IT AT THE SAME TIME?
you can say chinese ban crypto .. then people run to USA, Lets say USA ban crypto too , people can still run to UGANDA and make the one government legalize crypto become an economy boosting till make that government RICH AS F*CK.

NOW F*CK OFF , this forum isnt for ignorant boy like you.

Stablemoney21

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Quote from: Stablemoney21 on August 21, 2021, 07:01:16 PM

Stable coins can be based on precious metals. Banks are not needed for that. Also there are ways to bypass banks.

Stablecoins are issued privately. They are not issued governments. Even if a stablecoin issuer tries to implement a social credit model, you or another person can issue an anonymous stablecoin. If people want that, the stable coin issuer that tried to implement a social credit model will go out of business. Private stable coin issuance is the ultimate fuck you to draconian government and private companies that shill for draconian government. It is truly power to the people and free competition that ultimately serves the interests of the economic needs of the people.

Slow death

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Quote from: Stablemoney21 on August 21, 2021, 01:01:13 PM

Unlike bitcoin - a speculative currency that can easily be manipulated by billionaires and anonymous insiders.

unfortunately this is very true, bitcoin is easily manipulated by anonymous billionaires and insiders, I even get angry every time I read some news saying that some anonymous insider said that company X will accept bitcoin as a means of payment and when I see the price, I see that the price has already increased by 10% in a few hours is simply very scary because just as the price increases so easily due to an anonymous insider's rumor, it can also fall a lot due to an anonymous insider's rumor

Quote from: Stablemoney21 on August 21, 2021, 12:06:50 PM

Unlike bitcoin stablecoins are not created by a pussy who cannot reveal who he is. "Satoshi the pussy" realised he was troling the world when he made idiots give up actual currency to buy a speculative garbage backed by nothing.

seems to me that you have problems with satoshi nakamoto

Stablemoney21

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Stable coins can be based on precious metals. Banks are not needed for that. Also there are ways to bypass banks.

brooksby

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Quote from: Stablemoney21 on August 21, 2021, 06:38:25 PM

Quote from: Handsome Boy on August 21, 2021, 06:30:10 PM

Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

go away, we don't need your stabilcoin, because we already have USDT and BUSD, so of course your stabilcoin will be useless and just a waste of your time, then in my opinion if you say Bitcoin is useless, so why are you interested in cryptocurrency? means you are an idiot, because the originator of cryptocurrency is Bitcoin, so without Bitcoin there would be no such thing as cryptocurrency and without you knowing that you are a Bitcoin fan Grin

.

USDT is not backed on a 1:1 basis with cash. It is a fractional reserve. Like the cabal banks. USDT is backed by unrated commercial paper. A true stablecoin is needed. Who cares if BTC is the original coin. Ethereaum has massively improved crypto in terms of potential. Stablecoin issuace gurantees the practical ussage of crypto as a currency alternative. I am interested in crypto because I recognise that stablecoins can give economic power to the people. Anyone can create a stablecoin. It smashes control of the banking cabal over money creation. Stablecoin issuance is the path to true freedom from the cabal. Unlike btc which preserves the power of the financial elites.

So if you don't want to work with banks I assume as you call them cabal, where are you going to store the billions of dollars backing your stable coin? While you USD baked stable coin can be stopped by governments easily, algorithmic stable coins an't be stopped. They can be hindered, but not destroyed.

Ok let's assume the billions are going to be deposited at a bank, which bank is going to ensure low barriers to entry, full privacy and low KYC requirements at maximum? The bank doing that businesses is getting in a whole lot of trouble if they don't use your stable coin as a data producing machine that is providing governments with information about every step a person makes. Who are you interacting with, when, and where, etc. Welcome China. Are you also all for social scoring? Would fit your plans well.

Stablemoney21

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Quote from: Handsome Boy on August 21, 2021, 06:30:10 PM

Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

go away, we don't need your stabilcoin, because we already have USDT and BUSD, so of course your stabilcoin will be useless and just a waste of your time, then in my opinion if you say Bitcoin is useless, so why are you interested in cryptocurrency? means you are an idiot, because the originator of cryptocurrency is Bitcoin, so without Bitcoin there would be no such thing as cryptocurrency and without you knowing that you are a Bitcoin fan Grin

.

USDT is not backed on a 1:1 basis with cash. It is a fractional reserve. Like the cabal banks. USDT is backed by unrated commercial paper. A true stablecoin is needed. Who cares if BTC is the original coin. Ethereaum has massively improved crypto in terms of potential. Stablecoin issuace gurantees the practical ussage of crypto as a currency alternative. I am interested in crypto because I recognise that stablecoins can give economic power to the people. Anyone can create a stablecoin. It smashes control of the banking cabal over money creation. Stablecoin issuance is the path to true freedom from the cabal. Unlike btc which preserves the power of the financial elites.

Quote from: brooksby on August 21, 2021, 06:35:39 PM

Quote from: Stablemoney21 on August 21, 2021, 12:06:50 PM

Idiot what is bitcoin backed by? It is speculative nonsense. USD stablecoins are pegged to a currency that is backed the greatest economy in the world.

Bitcoin is a disgrace to crypto. Stablecoins and ehereum smart contracts are the realisation of crypto's potential. Unlike bitcoin stablecoins are not created by a pussy who cannot reveal who he is. "Satoshi the pussy" realised he was troling the world when he made idiots give up actual currency to buy a speculative garbage backed by nothing.

It is backed by several characteristics that haven't been achieved before. It is backed by the common belief that those characteristics are valuable. It is backed by the belief that the technology will further advance, much like any other technology will further advance. Are you still sitting at your Amiga 500 or do you own a decent machine that serves today's purposes and fulfills the hardware requirements?

Go and develop your stable coin, not that there weren't several already.

Backed by speculative nonsense. I am sure tulips during the period of tulip mania were pumped up by " agreed characteristics of value" much like any speculative asset. It has no sound fundamentals because its adds value to nobody. It is just a hyped asset so gamblers can make money. BTC is pumped up and manipulated by billionaires. BTC strenghens their control. Stablecoins shatters their control.

[moderator's note: consecutive posts merged]

brooksby

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Quote from: Stablemoney21 on August 21, 2021, 12:06:50 PM

Idiot what is bitcoin backed by? It is speculative nonsense. USD stablecoins are pegged to a currency that is backed the greatest economy in the world.

Bitcoin is a disgrace to crypto. Stablecoins and ehereum smart contracts are the realisation of crypto's potential. Unlike bitcoin stablecoins are not created by a pussy who cannot reveal who he is. "Satoshi the pussy" realised he was troling the world when he made idiots give up actual currency to buy a speculative garbage backed by nothing.

It is backed by several characteristics that haven't been achieved before. It is backed by the common belief that those characteristics are valuable. It is backed by the belief that the technology will further advance, much like any other technology will further advance. Are you still sitting at your Amiga 500 or do you own a decent machine that serves today's purposes and fulfills the hardware requirements?

Go and develop your stable coin, not that there weren't several already.

Stablemoney21

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Not going to repeat myself. I have repeatedly addressed this point. Lock through my post history or through this thread. Also as i have said many times before stablecoins can be backed by gold. PAXG is an example. Gold is deflationary. Are you so eager to shill for billionaire's that you could not be bothered to look through the post history of this thread?

Stablecoin = economic power to the people

BTC = economic power to institutional investors and billionaire parasites.

Handsome Boy

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I ❤ ₿itcoin and Ethereum

Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

go away, we don't need your stabilcoin, because we already have USDT and BUSD, so of course your stabilcoin will be useless and just a waste of your time, then in my opinion if you say Bitcoin is useless, so why are you interested in cryptocurrency? means you are an idiot, because the originator of cryptocurrency is Bitcoin, so without Bitcoin there would be no such thing as cryptocurrency and without you knowing that you are a Bitcoin fan Grin

.

Stablemoney21

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They are a stable currency alternative.Not speculative garbage that can easiliy be manipulated by the elites. That is why prostitute politicians and puppet central banks are trying to supress the adoption of stablecoins. They stand to loose.

decodx

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Quote from: Stablemoney21 on August 21, 2021, 05:39:43 PM

Stablecoins can be backed by gold and can by gold ...

Stablecoins are so boring. Nobody wants that.

Stablemoney21

newbie

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Stablecoins can be backed by gold and can by gold which has appreciated and gold is deflationary. BTC is only respected by the establishment controlled media. They will not tell you the truth. Stablecoins allows anyone to create currency whether backed by inflationary assets or deflationary assets such as precious metals. It is economic power to the people unlike btc which is increasingly being controlled by a cabal of billionaires and institutional investors.

What do you support, economic power to the people or some bullshit speculative asset that is the plaything of billionaires?

I say fuck the central banks. Fuck the private banks. Fuck the cabal. Economic power to the people. Create stablecoins whether bacjed by gold, or fiat. Smash the economic control of the eilites. Fuck the billionaire parasites. Their power will only be preserved with btc, since they hold most of the issued btc supply.

Econiomic freedom for all. The power stablecoin issuance for all.

Johnyz

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Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

You may not see the usage of Bitcoin but people respect it especially the crypto enthusiast and nobody forces you to buy Bitcoin. Have you seen the value of your fiat money today? Its decreasing because of the inflation while Bitcoin is not affected by that, and its growing even if you throw shit on Bitcoin. Anyway, your opinion is not important because we know the real value of Bitcoin, and for sure it will continue to grow.

Stablemoney21

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Your currency is a plaything of billionaires and the financial elites. The amount of money it takes to mine btc proves this. Stable coins = money creation by the people. The US dollar is backed by nukes, global hegenomy, millitary supremacy, leading jurisprudence and the worlds largest economy, which is fueled by the best and the brightest minds. Unlike btc which is backed by still waiting on a credfible explanation of its value.

However, its creation is controlled by central banks and a cabal of private banks. Stable coins shatter their contrrol and allows anyone to create currency. It is literally economic power to the people who want to transact in USD without paying extortionate bank fees. BTC is a tool of billionare scammers and a speculative asset for hipster idiots who are too stupid that they are being played by institutional investors. If anything stablecoin realise the goals espoused in the btc white paper than btc itself. But HODL MAAAN. TO THE MOON until Elon or some other billionaire parasite scammer decides to tweet some bullshit to manipulate the price.

The billionare parasites cannot do this with genuine stable coins. Thats why stablecoins = power to the people and btc = power to billionaire parasites.

omone1

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Son, be careful because you are on a self destruction mission. It cost a huge loads of work to mine just a bitcoin which is heavily backed by technology and it's an anti-inflation currency. Bitcoin has never been bailed out and will never be bailed. Son, the days of US dollars are numbered.

Stablemoney21

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Quote from: Davidvictorson on August 21, 2021, 03:50:41 PM

Quote from: Stablemoney21 on August 21, 2021, 11:56:04 AM

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who? What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future. Reply for more info.

Bitcoin isn’t useless. Its fundamental purpose is both as a store of value and a hedge against fiat. On the other hand, Stablecoins, unless backed by gold or precious minerals is useless. Some stablecoins carry their own risk. For instance, commodity-backed and crypto-backed stablecoins values are dependent on their underlying assets. Therefore they are prone to prices instability when the market "shakes".

BTC is a poor store of value because it is too volatile. Also there is no authority to stop manipulation within the BTC markets. Making it the best asset for insttututional investors to scam unsuspecting retail investors. Gold (Physical) is the best hedge against inflation. This is why gold is recognised as both a supranational currency (ISO 4217) and a commodity. BTC is barely recognised as a comodity in the US and no stable country recognises btc as currency. It is too volatile to be currency.

Quote from: just_Alice on August 21, 2021, 03:58:17 PM

Your message only shows that you don’t understand Bitcoin and cryptocurrencies as a concept. Bitcoin isn’t backed up by anything because it doesn’t need to be that way. What is “backed up”? It means centralisation, which essentially is against what Bitcoin is about.

Stablecoins are backed up by dollar, but why do you see that as something good? How can a cryptocurrency serve as a hedge against inflation if dollar is inflationary? They’re nothing but a digital fiat, while Bitcoin is special and gives much more promises.

Wrong. Backing does not mean centralisation stablecoins can be backed by precious metals such as gold. (PAXG) Gold is a supranational currency under ISO 4217. It is a store of value that is not controled by any authority. Gold is deflationary. BTC is not special. it is the play thing of Bilionaires who can use it to scam dumb money. There is literally no authority to stop them from doing this. The perfect means of market anipulation and scamming.

Quote from: ?? on ??

Quote from: just_Alice on August 21, 2021, 03:58:17 PM

Your message only shows that you don’t understand Bitcoin and cryptocurrencies as a concept. Bitcoin isn’t backed up by anything because it doesn’t need to be that way. What is “backed up”? It means centralisation, which essentially is against what Bitcoin is about.

Stablecoins are backed up by dollar, but why do you see that as something good? How can a cryptocurrency serve as a hedge against inflation if dollar is inflationary? They’re nothing but a digital fiat, while Bitcoin is special and gives much more promises.

Wrong. Backing does not mean centralisation. Stablecoins can be backed by precious metals such as gold. PAXG for example. Gold is a supranational currency under ISO 4217. It is a store of value that is not controled by any authority. Gold is deflationary. BTC is not special. it is the play thing of Bilionaires who can use it to scam dumb money. There is literally no authority to stop them from doing this. The perfect means of market manipulation and scamming.

[moderator's note: consecutive posts merged]

Topic: F*CK BITCOIN. USELESS COIN BACKED BY NOTHING. Stablecoins are the future. - page 3. (Read 601 times)