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Explain to me why I'm 5 why anyone would ever actually use Crypto Currency?

As opposed to just buying things with normal money, which se...
Blue stag film
  06/25/17
Do you know what the Internet of things is? Basically it's t...
sticky maniacal field kitty
  06/25/17
No offense but this is nonsense
Excitant famous landscape painting gay wizard
  06/25/17
what would you compare it to? I have a very long fuzzy idea ...
sticky maniacal field kitty
  06/25/17
Well people could send malformed requests and steal bitcoins...
Excitant famous landscape painting gay wizard
  06/25/17
Makes sense
sticky maniacal field kitty
  06/25/17
...
navy roommate dopamine
  06/25/17
Lol at this pure gibberish.
Provocative pale halford
  06/26/17
It's magic and the magical Asian visits every eth-mo's house...
transparent death wish
  06/25/17
...
hairless chocolate set weed whacker
  06/25/17
Doesn't it have something to do with the underlying blockcha...
bistre indian lodge
  06/25/17
it's like a really fast, cheap money order
high-end house
  06/25/17
Correct - which is why it doesn't have any inherent value.
fragrant menage macaca
  06/25/17
inherently anti-Talmudic
contagious brilliant lodge puppy
  06/25/17
*Dude who doesnt know ETH was invented by a Jew*
Infuriating Police Squad
  06/25/17
Not every Jew keeps Jewry's interests at heart at all times
diverse orchestra pit
  06/29/17
A safe haven against negative interest rates.
sinister psychic
  06/25/17
oh yeah, tons of joe plumbers and kazuhiro salarymen trading...
Electric depressive
  06/25/17
Smuggling money out of the people's republic of china
Cracking Primrose Resort
  06/25/17
Ding
brindle fat ankles theater
  06/25/17
Drugs, human organs, massive bribes to government officials,...
Infuriating Police Squad
  06/25/17
This is idiotic. Cash is untraceable. Crypto has an indelibl...
violet flirting theater stage
  06/29/17
To some address in the cloud, yeah
diverse orchestra pit
  06/29/17
Damn, all of the above are reasons, but not very good ones.....
Blue stag film
  06/26/17
Hey kid, I'd be happy to answer your question, but get in my...
Doobsian Histrionic Coldplay Fan Idea He Suggested
  06/26/17
...
ebony juggernaut wrinkle
  06/28/17
...
chrome casino cuck
  06/29/17
Tax cheats.
Pea-brained black woman
  06/26/17
crypto is simultaneously valuable and worthless so it is use...
irate brunch messiness
  06/29/17
international exchanges
Curious charcoal stock car
  06/29/17
money is just violence coupons issued by the state. in vi...
Offensive galvanic den scourge upon the earth
  06/29/17
Because you have been a being in existence for more than 4 y...
dashing bearded goal in life
  06/29/17
im too lazy to respond, but ask yourself why bitcoin went fr...
chrome casino cuck
  06/29/17
The point about counterparty risk is helpful. Bitcoin makes...
Offensive galvanic den scourge upon the earth
  06/29/17
When govts finally ban cash it's value will skyrocket
Crimson insecure abode liquid oxygen
  06/29/17
crypto is not that useful for buying stuff u could get with ...
irate brunch messiness
  06/30/17


Poast new message in this thread



Reply Favorite

Date: June 25th, 2017 5:24 PM
Author: Blue stag film

As opposed to just buying things with normal money, which seems to work fine as far as I can tell. I really just don't get it and don't understand why anyone other than computer nerds would ever do it other than because of the novelty.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638540)



Reply Favorite

Date: June 25th, 2017 5:35 PM
Author: sticky maniacal field kitty

Do you know what the Internet of things is? Basically it's the network effect of the Internet spreading to a bunch of interconnect devices (i.e. Smart homes etc) and allowing heartofor unknowable benefits'. This is the financial equivalent; the benefits of the loose, flexible Internet applied to money bc of advances in cryptography and 'the blockchain' (which is how they track tallies and transactions and keep them consistent)

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638616)



Reply Favorite

Date: June 25th, 2017 5:36 PM
Author: Excitant famous landscape painting gay wizard

No offense but this is nonsense

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638621)



Reply Favorite

Date: June 25th, 2017 5:38 PM
Author: sticky maniacal field kitty

what would you compare it to? I have a very long fuzzy idea of what it is and am curious

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638635)



Reply Favorite

Date: June 25th, 2017 5:39 PM
Author: Excitant famous landscape painting gay wizard

Well people could send malformed requests and steal bitcoins until recently

Its like the Kazaa of banking

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638644)



Reply Favorite

Date: June 25th, 2017 5:40 PM
Author: sticky maniacal field kitty

Makes sense

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638652)



Reply Favorite

Date: June 25th, 2017 6:30 PM
Author: navy roommate dopamine



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639054)



Reply Favorite

Date: June 26th, 2017 4:18 PM
Author: Provocative pale halford

Lol at this pure gibberish.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33646581)



Reply Favorite

Date: June 25th, 2017 5:26 PM
Author: transparent death wish

It's magic and the magical Asian visits every eth-mo's house all in one night to give them gains!

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638555)



Reply Favorite

Date: June 25th, 2017 5:26 PM
Author: hairless chocolate set weed whacker



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638558)



Reply Favorite

Date: June 25th, 2017 5:34 PM
Author: bistre indian lodge

Doesn't it have something to do with the underlying blockchain infrastructure? Something about consistency of data

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638611)



Reply Favorite

Date: June 25th, 2017 5:38 PM
Author: high-end house

it's like a really fast, cheap money order

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638638)



Reply Favorite

Date: June 25th, 2017 6:48 PM
Author: fragrant menage macaca

Correct - which is why it doesn't have any inherent value.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639135)



Reply Favorite

Date: June 25th, 2017 5:39 PM
Author: contagious brilliant lodge puppy

inherently anti-Talmudic

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33638645)



Reply Favorite

Date: June 25th, 2017 6:35 PM
Author: Infuriating Police Squad

*Dude who doesnt know ETH was invented by a Jew*

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639074)



Reply Favorite

Date: June 29th, 2017 1:26 PM
Author: diverse orchestra pit

Not every Jew keeps Jewry's interests at heart at all times

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668643)



Reply Favorite

Date: June 25th, 2017 6:29 PM
Author: sinister psychic

A safe haven against negative interest rates.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639051)



Reply Favorite

Date: June 25th, 2017 6:32 PM
Author: Electric depressive

oh yeah, tons of joe plumbers and kazuhiro salarymen trading in their USD and Yen for eth in fear of negative interest rates

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639060)



Reply Favorite

Date: June 25th, 2017 6:34 PM
Author: Cracking Primrose Resort

Smuggling money out of the people's republic of china

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639069)



Reply Favorite

Date: June 25th, 2017 6:38 PM
Author: brindle fat ankles theater

Ding

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639088)



Reply Favorite

Date: June 25th, 2017 6:34 PM
Author: Infuriating Police Squad

Drugs, human organs, massive bribes to government officials, having somebody killed, etc....

Crypto is entirely about a safer way to pay for shit that could get you locked up.

Its the currency of choice for bribing Russian officials now. They wont take real money.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33639070)



Reply Favorite

Date: June 29th, 2017 1:13 PM
Author: violet flirting theater stage

This is idiotic. Cash is untraceable. Crypto has an indelible record of every transaction.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668565)



Reply Favorite

Date: June 29th, 2017 1:27 PM
Author: diverse orchestra pit

To some address in the cloud, yeah

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668666)



Reply Favorite

Date: June 26th, 2017 4:00 PM
Author: Blue stag film

Damn, all of the above are reasons, but not very good ones.....

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33646390)



Reply Favorite

Date: June 26th, 2017 4:05 PM
Author: Doobsian Histrionic Coldplay Fan Idea He Suggested

Hey kid, I'd be happy to answer your question, but get in my van first. You like candy? I got lots of candy. Yeah, and it's hot out so why don't you take off your pants? All kids take off their pants when it's hot out! Now, before we talk about crypto-currency, let's be clear on something: don't tell anyone about playing with me in my van or else I will kill your parents. Ok? Now, I can answer your question, but I have to put a finger in your butt first. It helps me concentrate. There, that feels good, doesn't it? Now, what do you want to know about crypto-currency?

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33646440)



Reply Favorite

Date: June 28th, 2017 1:47 PM
Author: ebony juggernaut wrinkle



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33661149)



Reply Favorite

Date: June 29th, 2017 1:05 PM
Author: chrome casino cuck



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668506)



Reply Favorite

Date: June 26th, 2017 4:33 PM
Author: Pea-brained black woman

Tax cheats.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33646756)



Reply Favorite

Date: June 29th, 2017 12:43 PM
Author: irate brunch messiness

crypto is simultaneously valuable and worthless so it is useful in instances where you want to give people money but where it would be awkward to give them cash

Awkward: giving cash to a friend who needs to pay pressing credit card bills which places him in debt to u

Not awkward: sending that friend thousands of dollars of monopoly money that will nevertheless change his life



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668324)



Reply Favorite

Date: June 29th, 2017 12:44 PM
Author: Curious charcoal stock car

international exchanges

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668332)



Reply Favorite

Date: June 29th, 2017 1:04 PM
Author: Offensive galvanic den scourge upon the earth

money is just violence coupons issued by the state.

in virtually every country with a working tax system, citizens cannot transact to their own benefit without accruing tax liability.

in the U.S., that tax liability can only be satisfied in dollars.

if you don't satisfy your tax liability, the U.S. government can come to your house and use its monopoly on violence to take and sell your shit until your tax liability is satisfied. this repo/foreclosure process is not always swift but it is certain and ALWAYS more expensive than just paying the accrued liability up front.

this is the only reason that paper currency has value: to pay off the state so it doesn't exercise its unique ability to come and take your shit by force.

this is why cryptocurrencies make no sense to me. the issuer (i.e., the code) would need to be able to tax users for crypto to be a real liquid currency.



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668501)



Reply Favorite

Date: June 29th, 2017 1:06 PM
Author: dashing bearded goal in life

Because you have been a being in existence for more than 4 years but less than 6 years.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668517)



Reply Favorite

Date: June 29th, 2017 1:20 PM
Author: chrome casino cuck

im too lazy to respond, but ask yourself why bitcoin went from being almost worthless to a $42 billion market cap even though its only use is to make pseudonymous value transfers without counterparty risk. i thought bitcoin was a dumb idea and dismissed it for years until though more carefully about the nature of money and why bitcoin acquired value.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668602)



Reply Favorite

Date: June 29th, 2017 3:07 PM
Author: Offensive galvanic den scourge upon the earth

The point about counterparty risk is helpful. Bitcoin makes a lot more sense if you think about it maybe 10-20 years from now and imagine it being deeply integrated into the payment AND delivery systems of, e.g., Amazon, such that the exchange of bitcoin didn't occur until the exact moment when counterparty risk shifts from seller to buyer as agreed among the parties (e.g., FOB destination). If the exact moment of exchange is calculated by computer code that is constantly being updated to eliminate errors, then I think it's possible to practically (if not technically) eliminate counterparty risk.

In other words, cryptocurrency makes a lot of sense in a world where we are ruled by robot overlords who rule not by force but by placating us with perfect satisfaction of our highly predictable consumerist impulses.

I'm sold. Buying in now.

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33669680)



Reply Favorite

Date: June 29th, 2017 1:28 PM
Author: Crimson insecure abode liquid oxygen

When govts finally ban cash it's value will skyrocket

(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33668679)



Reply Favorite

Date: June 30th, 2017 5:33 PM
Author: irate brunch messiness

crypto is not that useful for buying stuff u could get with cash bc, as u point out, u could just use cash

but when u can't use cash, or don't want to use cash bc it would expose u to risk, that's where crypto is useful

actually this bort is not a bad example of that happening. it would be somewhat risky/difficult for a multimillionaire to humiliate a bunch of lawyers by making them beg for USD, but he can do so easily by using crypto

there are a lot of pseudoanonymous/anonymous businesses where this could be valuable, e.g. SA/escort review/gambling/other industries with significant reg and identity disclosure risk



(http://www.autoadmit.com/thread.php?thread_id=3657694&forum_id=2#33678146)