The danger of the cyptocurrencies - page 44.

Kprawn

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Quote from: mindrust on October 01, 2016, 03:52:50 AM

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

I am not sure if that's a good thing. Being dependent so much on computers just scares me.

You go through the exact emotions than many people has gone through MANY years ago, when people were told that they should accept paper

money and not precious metals like silver and gold. You just do not remember that, because it was way before our times. Paper money did

reflect a specific value in precious metals, for example gold... but that is not true anymore. Nobody even know if that gold is still in vaults or if

some women is wearing it on her finger now. Now we are told that the value is represented by a digital token on a network controlled by no

central authority... Mind blowing stuff.. Roll Eyes

The Great part of this technology is, that no single authority has control over your "value" and you

have been given that control. It will take a lot more years for people to grasp that concept... but we believe plastic cards is money or the

worthless piece of paper represents "value" ... Grin

mindrust

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Quote from: andyste on October 01, 2016, 08:33:44 AM

you say danger cryptocurency
so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin

I am not saying that it is bad. I am thinking about the possibilities. Can't you understand it?

If my opinion is a threat to the community of crypto currencies, then it only proves that it can be true!

mindrust

legendary

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Quote from: BTCLovingDude on October 01, 2016, 07:28:58 AM

for example what do you mean by "what if CIA behind this project"? you mean what if they have some kind of malicious code inserted inside bitcoin code or are you thinking about them controlling the supply? both of which don't seem to be true to me!

CIA is evil.

If they are behind this, there isn't any possibiliry that it can be good for the humanity. If you don't agree then you are too naive.

I don't say they hid some malicious code inside. They don't need to.

Now you bring it up, Satoshi (or CIA) may have a hidden stash which has thousands of bitcoin in it. Wouldn't it be a danger? When bitcoin hits 1Million... Pheew.

rekinthis

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CryptoTalk.Org - Get Paid for every Post!

One danger i only know is that fresh crypto curencies might be dead soon, so you shouldn't even buy fresh cryptos as you might lose a lot of your money

andyste

full member

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you say danger cryptocurency
so why you can use cryptocurency
why you still find bitcoin and follow signature campaign
i think is your opinion is bad to growth community cryptco coin

davis196

hero member

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Merit: 939

Quote from: mindrust on October 01, 2016, 03:52:50 AM

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

I am not sure if that's a good thing. Being dependent so much on computers just scares me.

Yes,the gold is just a stone,USD is just toilet paper and bitcoin is just a bunch of programming code. Grin

People`s trust determines the value of a currency.

The "cashless world" utopia won`t happen soon and there is nothing to worry about.

Oralmat

hero member

Activity: 588

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If i see the reality than nothing is happened as you said, I am not saying you are wrong, that is your thread and i respect it and also your thinking. But in my opinion, I don't think that fiat currency will be die now and ever, Crypto currency can be ended, but fiat currency always remain in the world.

BiTZeD

sr. member

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Whatever is their creator and the purpose of why they have been created, their code is unbreakable and thus it doesn't matters.

BTCLovingDude

legendary

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Merit: 1010

BTC to the moon is inevitable...

Quote from: mindrust on October 01, 2016, 03:52:50 AM

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

I am not sure if that's a good thing. Being dependent so much on computers just scares me.

these are a lot of what ifs what seem too far fetched if you ask me. and some of them just look to me (at least this is my opinion) that some of these are not even well thought.

for example what do you mean by "what if CIA behind this project"? you mean what if they have some kind of malicious code inserted inside bitcoin code or are you thinking about them controlling the supply? both of which don't seem to be true to me!

sksagaon

newbie

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Nothing The danger of the cyptocurrencies. I think crypto currency future looks very good at this time.

Slark

legendary

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Even if Satoshi was part of goverment, the only problem is his stash of bitcoin - which potentially could be used in the future to destabilize bitcoin market.

I don't see any privacy issues with bitcoin - it is decentralized and open sourced. I see, however, how centrally controlled FIAT system could be a very bad idea.

I am not a fan of digital money - I don't want to live in cashless society when my every transaction is monitored by government and my money can be blacklisted.

talkbitcoin

legendary

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All I know is that I know nothing.

you should look up the meaning of "open source" and "decentralize"

if any of the things you say were true then we could start a new bitcoin from scratch and make it decentralized with the open source of it that we have at hand.

or even move on to another coin!

mindrust

legendary

Activity: 3276

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Quote from: Wendigo on October 01, 2016, 06:33:43 AM

Guys people have been living 'cashless' long before Bitcoin was first created. In Iceland for example people don't carry paper money with them at all and payments in cafe shops etc. are done with credit and debit cards. Also Bitcoin debit cards are tied to the banks and exchanges issuing them so going cashless doesn't simply mean embracing Bitcoin. Bitcoin is not a 'cashless' alternative to conventional bank cards but an additional option on top of it. You can buy a Starbucks gift card and become 'cashless' or get your phone out and pay with your Apple wallet. Again - 'cashless'.
I see no danger whatsoever of going cashless.

They are living cashless but it is not forbidden to "own" cash.

When bitcoin becomes the only choice, it won't be forbidden to "own" cash again yet you won't own/store any cash/gold because bitcoin will suck every value out of them.

That's the same thing as banning cash/gold.

Forget, gold. Forget papers. Forget 1's and 0's.

I'll just go and buy some land. That's the most important currency i think

mindrust

legendary

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I don't know guys.

Some of you agreed with me and some of you didn't, as i expected.

It just bugs me what if we are signing our own death certificate by supporting cryto currencies?

Yes it is decentralised for now and everyone can see the source code, but...

what if bitcoin becomes the only currency and suddenly it becomes centralised after an update?

See windows10? it should have been the ultimate windows, yet it sucks.

ABCbits

legendary

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Crypto Swap Exchange

How many time people created thread like this?

We don't care about who behind this project or who is Satoshi Nakamoto because we know that bitcoin is decentralized and you guys know how it works. Maybe you can trust in bitcoin if you know about programming stuff and find out how bitcoin works.
Maybe depends on computer might scare you, but people fix and improve everything overtime and on top of that bitcoin is open source, so more people can contribute on it.

Also, i think gold still useful even if cryptocurrency become the only currency in the world.

Wendigo

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Guys people have been living 'cashless' long before Bitcoin was first created. In Iceland for example people don't carry paper money with them at all and payments in cafe shops etc. are done with credit and debit cards. Also Bitcoin debit cards are tied to the banks and exchanges issuing them so going cashless doesn't simply mean embracing Bitcoin. Bitcoin is not a 'cashless' alternative to conventional bank cards but an additional option on top of it. You can buy a Starbucks gift card and become 'cashless' or get your phone out and pay with your Apple wallet. Again - 'cashless'.
I see no danger whatsoever of going cashless.

densuj

legendary

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Merit: 1000

Quote from: mindrust on October 01, 2016, 03:52:50 AM

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping their wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

I am not sure if that's a good thing. Being dependent so much on computers just scares me.

Thank you very much, you have shared the opinion and unfortunately i have made investment into bitcoin and other coins with just a little amount of money, so it is not dangerous for me, and in my opinion bitcoin is instrument of investments, it is does not currency. Bitcoin become dangerous if i don't have the private key. Thanks

BlackPanda

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Quote from: noictib on October 01, 2016, 04:24:47 AM

beauty of crypto currencies is only of their privacy . if it would by the government then their is no option to use crypto currency . while we will use direct other online currency instead of these . because due to control under government of country there will be restrictions of saving and transfer .

some people certainly believe that digital currencies like bitcoin could keep our privacy completely.

iqlimasyadiqa

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Quote from: pooya87 on October 01, 2016, 06:02:39 AM

to be honest when i was reading your comment the image that i have from you is someone living in a desert in an RV while wearing a tinfoil hat and cursing the government for their experiments on the aliens on aria 51 Cheesy

LOL. it was very funny. I should probably agree with you. crypto currency future looks very good at this time.

pooya87

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to be honest when i was reading your comment the image that i have from you is someone living in a desert in an RV while wearing a tinfoil hat and cursing the government for their experiments on the aliens on aria 51 Cheesy

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