\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

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...
concupiscible puce cuck
  06/25/17
Do you know what the Internet of things is? Basically it's t...
razzmatazz dysfunction school cafeteria
  06/25/17
No offense but this is nonsense
Dashing Thirsty State
  06/25/17
what would you compare it to? I have a very long fuzzy idea ...
razzmatazz dysfunction school cafeteria
  06/25/17
Well people could send malformed requests and steal bitcoins...
Dashing Thirsty State
  06/25/17
Makes sense
razzmatazz dysfunction school cafeteria
  06/25/17
...
peach painfully honest stock car water buffalo
  06/25/17
Lol at this pure gibberish.
Gold Dilemma
  06/26/17
It's magic and the magical Asian visits every eth-mo's house...
Pale whorehouse idiot
  06/25/17
...
Irradiated abode
  06/25/17
Doesn't it have something to do with the underlying blockcha...
mint out-of-control persian
  06/25/17
it's like a really fast, cheap money order
Copper ceo
  06/25/17
Correct - which is why it doesn't have any inherent value.
Idiotic Famous Landscape Painting Party Of The First Part
  06/25/17
inherently anti-Talmudic
vivacious know-it-all mad cow disease den
  06/25/17
*Dude who doesnt know ETH was invented by a Jew*
startling incel national security agency
  06/25/17
Not every Jew keeps Jewry's interests at heart at all times
Insane box office windowlicker
  06/29/17
A safe haven against negative interest rates.
twisted azn place of business
  06/25/17
oh yeah, tons of joe plumbers and kazuhiro salarymen trading...
seedy business firm immigrant
  06/25/17
Smuggling money out of the people's republic of china
Embarrassed to the bone titillating step-uncle's house
  06/25/17
Ding
Startled electric nibblets church building
  06/25/17
Drugs, human organs, massive bribes to government officials,...
startling incel national security agency
  06/25/17
This is idiotic. Cash is untraceable. Crypto has an indelibl...
wonderful space goyim
  06/29/17
To some address in the cloud, yeah
Insane box office windowlicker
  06/29/17
Damn, all of the above are reasons, but not very good ones.....
concupiscible puce cuck
  06/26/17
Hey kid, I'd be happy to answer your question, but get in my...
cerise friendly grandma
  06/26/17
...
violent cruise ship sound barrier
  06/28/17
...
180 flushed nursing home rigpig
  06/29/17
Tax cheats.
claret pisswyrm sex offender
  06/26/17
crypto is simultaneously valuable and worthless so it is use...
heady church new version
  06/29/17
international exchanges
angry zombie-like piazza affirmative action
  06/29/17
money is just violence coupons issued by the state. in vi...
Rusted Scourge Upon The Earth
  06/29/17
Because you have been a being in existence for more than 4 y...
amethyst psychic office
  06/29/17
im too lazy to respond, but ask yourself why bitcoin went fr...
180 flushed nursing home rigpig
  06/29/17
The point about counterparty risk is helpful. Bitcoin makes...
Rusted Scourge Upon The Earth
  06/29/17
When govts finally ban cash it's value will skyrocket
Topaz set toaster
  06/29/17
crypto is not that useful for buying stuff u could get with ...
heady church new version
  06/30/17


Poast new message in this thread



Reply Favorite

Date: June 25th, 2017 5:24 PM
Author: concupiscible puce cuck

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: razzmatazz dysfunction school cafeteria

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: Dashing Thirsty State

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: razzmatazz dysfunction school cafeteria

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: Dashing Thirsty State

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: razzmatazz dysfunction school cafeteria

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: peach painfully honest stock car water buffalo



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



Reply Favorite

Date: June 26th, 2017 4:18 PM
Author: Gold Dilemma

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: Pale whorehouse idiot

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: Irradiated abode



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



Reply Favorite

Date: June 25th, 2017 5:34 PM
Author: mint out-of-control persian

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: Copper ceo

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: Idiotic Famous Landscape Painting Party Of The First Part

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: vivacious know-it-all mad cow disease den

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: startling incel national security agency

*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: Insane box office windowlicker

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: twisted azn place of business

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: seedy business firm immigrant

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: Embarrassed to the bone titillating step-uncle's house

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: Startled electric nibblets church building

Ding

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



Reply Favorite

Date: June 25th, 2017 6:34 PM
Author: startling incel national security agency

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: wonderful space goyim

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: Insane box office windowlicker

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: concupiscible puce cuck

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: cerise friendly grandma

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: violent cruise ship sound barrier



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



Reply Favorite

Date: June 29th, 2017 1:05 PM
Author: 180 flushed nursing home rigpig



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



Reply Favorite

Date: June 26th, 2017 4:33 PM
Author: claret pisswyrm sex offender

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: heady church new version

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: angry zombie-like piazza affirmative action

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: Rusted 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: amethyst psychic office

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: 180 flushed nursing home rigpig

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: Rusted 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: Topaz set toaster

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: heady church new version

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)