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.
Topic: F*CK BITCOIN. USELESS COIN BACKED BY NOTHING. Stablecoins are the future. - page 4. (Read 619 times)
August 21, 2021, 02:58:17 PM
August 21, 2021, 02:56:04 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.
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.
August 21, 2021, 02:50:41 PM
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".
August 21, 2021, 02:45:01 PM
You're drunk, go home son.
we should not have to explain anything , should we?
if you mean by bitcoin is based on speculative interest then start with re-read the bitcoin whitepaper..
then learn the history from here
http://p2pfoundation.ning.com/m/discussion?id=2003008%3ATopic%3A9402
to
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the moon!
we should not have to explain anything , should we?
if you mean by bitcoin is based on speculative interest then start with re-read the bitcoin whitepaper..
then learn the history from here
http://p2pfoundation.ning.com/m/discussion?id=2003008%3ATopic%3A9402
to
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.
.
.
the moon!
Fiat backed by faith in the economy and the integrity of public . BTC backed by .... Its souce of value other than speculation. Fiat used as a legitimate means of exhange over the last century. Precious metals usedas a medium of exchange and a store of value for more than 2 milinea. BTC hmmm mumbo jumbo I guess. Buzzwords blahh blaahh blahhh. Hipster bullshit.
August 21, 2021, 02:11:21 PM
at least if you want to do a healthy argument and use language that is not too harsh, I know you just want to find a title that is indeed so that many people see and comment on your thread but by doing this you are not cool bro 
if you call bitcoin speculative then how is it different from the stablecoin you want to sell?
at least bitcoin is still valuable compared to the clarity of the stablecoin you are promoting
if you call bitcoin speculative then how is it different from the stablecoin you want to sell?
at least bitcoin is still valuable compared to the clarity of the stablecoin you are promoting
My coin will be regulated and it will be subject to monthly attestation by a CPA to prove 100% cash reserves backing each coin issued. The coin will be initially issued on Ethereum. I recognise that there is a need for a genuine stable coin that is backed by cash. Not cash equivelents and speculativer commercial paper as is the case with USDC and Tether. These projects are essentially equivelent to risky fractional reserve bank deposits.
@Gyfts.
Central banks are captured by the interests of private banks. A CBDC would be a form of full reserve banking. They will not issue a stablecoin because doing so would undermine the ability of private banks to attract retail deposits. As I am sure you are aware, private banks operate on the basis of fractional reserve. There is only around 10 percent of actual money M-O money (central bank reserves) backing private bank deposits (M1 money). A CBDC would be backed entirely by central bank reserves, because of this central banks fear that a CBDC would cause a run during periods of economic stress. Central banks will never release a cbdc in order to preserve fractional reserve banking. This is why the fed and so many g7 central abnks are so reluctant to release a cbdc.
August 21, 2021, 02:04:10 PM
You're drunk, go home son.
we should not have to explain anything , should we?
if you mean by bitcoin is based on speculative interest then start with re-read the bitcoin whitepaper..
then learn the history from here
http://p2pfoundation.ning.com/m/discussion?id=2003008%3ATopic%3A9402
to
.
.
.
.
the moon!
we should not have to explain anything , should we?
if you mean by bitcoin is based on speculative interest then start with re-read the bitcoin whitepaper..
then learn the history from here
http://p2pfoundation.ning.com/m/discussion?id=2003008%3ATopic%3A9402
to
.
.
.
.
the moon!
August 21, 2021, 01:54:19 PM
And don't you speculate with stable coins? Do you not speculate that the sustainability of stable coins will be prolonged and not collapse once it is discovered that the physical assets backed by the stable coin either do not exist or do not have integrity? Watch, all the governments of major banking systems (EU central bank, swiss banks, fed. reserve) will release their own stable coins within the coming years - and people will suck them right up because they foolishly believe that large countries are too big to fail.
August 21, 2021, 01:51:45 PM
Fiat currency is decentalised since it is mostly issued by private banks. For example in the UK only 3% of the currency is issued by the central bank. However, the current fiat banking system is economically centralised beacuse only banks can "create money" through loans. Banks are a cabal. Stable coin issuance gives the power of money creation to the people. The people can decide what stable coins they accept as currency. Open and free competition serves as a mechanism of accountability. It forces stable coin issuers to adopt the best practices.
The value of BTC is fixed and most of its supply is controled by billionaires and institutional investors. There is literally nothing to stop the largest holders of btc forming a cartell to manipulate its price. There is no authority to stop this. Also btc does not have sound fundamentals for people to easily identify price manipulation. All it takes is on tweet or statement form a billionare troll to manipulate its price. This is hardly a coin of the people. It is a perfect scam for billionares and institutional investors to swindle dumb money.
The value of BTC is fixed and most of its supply is controled by billionaires and institutional investors. There is literally nothing to stop the largest holders of btc forming a cartell to manipulate its price. There is no authority to stop this. Also btc does not have sound fundamentals for people to easily identify price manipulation. All it takes is on tweet or statement form a billionare troll to manipulate its price. This is hardly a coin of the people. It is a perfect scam for billionares and institutional investors to swindle dumb money.
August 21, 2021, 01:40:01 PM
at least if you want to do a healthy argument and use language that is not too harsh, I know you just want to find a title that is indeed so that many people see and comment on your thread but by doing this you are not cool bro
if you call bitcoin speculative then how is it different from the stablecoin you want to sell?
at least bitcoin is still valuable compared to the clarity of the stablecoin you are promoting
if you call bitcoin speculative then how is it different from the stablecoin you want to sell?
at least bitcoin is still valuable compared to the clarity of the stablecoin you are promoting
August 21, 2021, 01:34:47 PM
Good luck, and also get to therapy because a lot of people must have hurt you to be this pathetic of a human being. Did you lose your wife over some dude that's more handsome and richer and well established than you? Look at the mirror man. Did you lose your money to bitcoin or a project that turned into a scam that's why you're mad about bitcoin?
You just nailed it man!!!
There is no comparison of apple with oranges likewise there is no comparison of decentralized BTC with centralized stable coins. Get your concepts right before making such comparison.
BTC is now domionated by billonaires and institutional investors. They can manipulate its worth at will. Stablecoins reflect monetary decentralisation in the sense that any entity can issue them. This is not the case with BTC.
August 21, 2021, 01:23:47 PM
"First they call it scam, then they investigate & later they embrace it." Do you know whom I'm referring to? Yeah, you probably got it right if you are a crypto news follower. Therefore, eventually, you will regret for your saying like JP Morgan did.
I don't think that OP is that kind of person that's going to embrace it and convert from hating into using bitcoin, just basing from his/her verbiage, I assume that OP is a fanatic that will probably have a hard time changing their views in the world, so we are actually wasting our time replying to this thread because OP's hate will persist and serve a beacon for other haters of bitcoin like @proudhon. 
August 21, 2021, 01:16:01 PM
Good luck, and also get to therapy because a lot of people must have hurt you to be this pathetic of a human being. Did you lose your wife over some dude that's more handsome and richer and well established than you? Look at the mirror man. Did you lose your money to bitcoin or a project that turned into a scam that's why you're mad about bitcoin?
You just nailed it man!!!
There is no comparison of apple with oranges likewise there is no comparison of decentralized BTC with centralized stable coins. Get your concepts right before making such comparison.
August 21, 2021, 01:02:05 PM
"First they call it scam, then they investigate & later they embrace it." Do you know whom I'm referring to? Yeah, you probably got it right if you are a crypto news follower. Therefore, eventually, you will regret for your saying like JP Morgan did.
August 21, 2021, 12:45:36 PM
Nothing nonsensical about my statements.
Prostitute politicians that are controled by private banks are trying to supress stablecoin adoption in order to preserve private bank and central bank control on money creation. No one in Congress is trying to siop BTC because it is an inside job. Enjoy investing in a currency that can easily be manipulated by Elon Musk or some other billonaire puppet. Stablecons = monetary decentralisation. BTC = Monetary centralisation at the hands of anonymous billionares. Who is satoshi? could be any establishment body. BTC is nothing more than shill coin that preserves the monetary status quo. BTC has no solid fundamentals. Its just an asset to sucker in dumb money.
Prostitute politicians that are controled by private banks are trying to supress stablecoin adoption in order to preserve private bank and central bank control on money creation. No one in Congress is trying to siop BTC because it is an inside job. Enjoy investing in a currency that can easily be manipulated by Elon Musk or some other billonaire puppet. Stablecons = monetary decentralisation. BTC = Monetary centralisation at the hands of anonymous billionares. Who is satoshi? could be any establishment body. BTC is nothing more than shill coin that preserves the monetary status quo. BTC has no solid fundamentals. Its just an asset to sucker in dumb money.
August 21, 2021, 12:30:14 PM
Stablecoins are the future of a decentralised economy. Unlike bitcoin - a speculative currency that can easily be manipulated by billionaires and anonymous insiders.
I looked at your post history and not surprising that you are working on a stable coin project. in short, all this rant of yours is just a front/advertisement for stable coins since you are working on one. well, in all fairness you are not the first one to do this. members here in the forum have encountered people like you. so, rant all you want people are used to nonsensical rants like this. 
August 21, 2021, 12:20:20 PM
There is no need for cursing out, bad mouthing btc like you just came across it for the first time, you want to launch a stablecoin, do so quietly without drama, this type of behaviour will not allow like minded investors to pay attention to your project, trying to condemn btc for your so-called stablecoin to gain traction is a waste of time, you are acting like a child.
August 21, 2021, 12:19:46 PM
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.
ignored.
August 21, 2021, 12:18:49 PM
You're probably out of your mind OP, if bitcoin is useless then how come I made a lot of money when I sold mine when bitcoin reached around 60k? The money that I got at that time is unreal so I don't know how it's a useless coin, also your backing a stable coin, it's the same thing just different kind of faith behind that gives it's self a value.
August 21, 2021, 12:03:28 PM
You had to advert your stable coin on a platform that says Bitcointalk well if Bitcoin isn't backed by anything why getting cheap publicity of it, you can create a stable coin forum and try matching what this forum, which is Bitcointalk has done, how to grow a project, never take false slandering at another top crypto-currency especially Bitcoin, you didn't even give out anything about you famously backed up stable coin.
August 21, 2021, 12:01:13 PM
The btc comunity is not powerful compared to the billions of people who use fiat. No one is trying to stop BTC. However, the US government is trying depsperately to stop stablecoins. Lets compare the dollar compared to highly volatile garbage that is only useful for speculation or being manipulated by billionaire establishment figures like Elon Musk.
Who is staoshi the pussy. Could easily be some establishment figure. Could even be an intelligence agency. That is why no governmnent is trying to stop btc. Unlike stablecoins there are no regulatory or government efforts to curb the adoption of bitcoin. Governments are focused on trying to destroy stablecoins because it democratises money creation, and destroys the control of central banks and private banks on money creation. Bitcoin does not disrupt the monetary status quo. It preserves it.
BTC is to volatile to be used as actual currency.
Governments fear stablecoins. Evidently, that is why Janet Yellen ( US Treasury) the SEC and and the CFTC are deperately trying to draft regulations to prevent the growth of stablecoins.
Enjoy
https://www.bloomberg.com/news/articles/2021-07-19/yellen-tells-regulators-to-act-quickly-on-stablecoin-rules
Stablecoins are the future of a decentralised economy. Unlike bitcoin - a speculative currency that can easily be manipulated by billionaires and anonymous insiders.
Who is staoshi the pussy. Could easily be some establishment figure. Could even be an intelligence agency. That is why no governmnent is trying to stop btc. Unlike stablecoins there are no regulatory or government efforts to curb the adoption of bitcoin. Governments are focused on trying to destroy stablecoins because it democratises money creation, and destroys the control of central banks and private banks on money creation. Bitcoin does not disrupt the monetary status quo. It preserves it.
BTC is to volatile to be used as actual currency.
Governments fear stablecoins. Evidently, that is why Janet Yellen ( US Treasury) the SEC and and the CFTC are deperately trying to draft regulations to prevent the growth of stablecoins.
Enjoy
https://www.bloomberg.com/news/articles/2021-07-19/yellen-tells-regulators-to-act-quickly-on-stablecoin-rules
Stablecoins are the future of a decentralised economy. Unlike bitcoin - a speculative currency that can easily be manipulated by billionaires and anonymous insiders.
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