Inauguration of Kamala Harris 2021 - Have you ever discussed displeasure against the government and elections? Please state what bank you use and provide your ID.

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Badungus Kabungus said:
Last year was fairly pivotal to crypto with this whole new DeFi ecosystem, and this year the institutions are buying in. Last hurdle is getting small retailers on board, and that is exactly what Visa, Mastercard and PayPal are going to do. [edit: If you haven't learned anything new about crypto since 2017, time for a refresher course. DYOR.]

Even smaller operations like Telcoin already allow you to purchase TEL directly from your phone using your bank, and that's in Canada. TEL's pretty neat, they just launched a corridor to send remittance payments from Canada to the Philippines at a much lower cost than a traditional remittance transfer. The Telcoin app is already live and integrated into their AliPay-style system there called GCash which can be used for groceries and bills and such. Once the GCash announcement on Chinese New Year happens, TEL will go parabolic.

Anyway, this year is going to be when crypto becomes commonplace everywhere, despite the anguished cries of raging no-coiners like HHH. GME thing was last nail in the coffin of the traditional finance industry.
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I don't disagree that this year is probably the make-or-break period in many ways, particularly once the lockdowns come to a close and economic activity booms -- provided there's no asset bubble burst anyways. If the megabanks offer access to stores of crypto as well as POS systems that allow for individuals in po-dunk to accept, store, and liquidate crypto, there's a chance that it catches on - but there's still a question of whether, even with that convenience, stores will want to accept it as currency. Of course, storefronts can already mandate shit like being cash-only, so they could just as well refuse crypto (or only accept crypto) in much the same manner.

Once that tech gets rolled out, it'll be interesting to see where it goes. Could lead to a continual boom that then stabilizes, or it could lead to a correction that then stabilizes if places are wary of crypto's volatility. Could just continue to be volatile, too, I guess.

Nevertheless, I simply disagree that fiat's dead in the water as I don't find inflation statistics to pan it out; globalism (even in retreat) has made the risk of hyperinflation curiously absent, as we've been at zero (sometimes fucking negative) interest rates for a long-ass time and even passed the inflection point on short-term v long-term bonds' maturation value with little deleterious effect.
 
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Rich Evans Apologist said:
I don't disagree that this year is probably the make-or-break period in many ways, particularly once the lockdowns come to a close and economic activity booms -- provided there's no asset bubble burst anyways. If the megabanks offer access to stores of crypto as well as POS systems that allow for individuals in po-dunk to accept, store, and liquidate crypto, there's a chance that it catches on - but there's still a question of whether, even with that convenience, stores will want to accept it as currency. Of course, storefronts can already mandate shit like being cash-only, so they could just as well refuse crypto (or only accept crypto) in much the same manner.

Once that tech gets rolled out, it'll be interesting to see where it goes. Could lead to a continual boom that then stabilizes, or it could lead to a correction that then stabilizes if places are wary of crypto's volatility. Could just continue to be volatile, too, I guess.

Nevertheless, I simply disagree that fiat's dead in the water as I don't find inflation statistics to pan it out; globalism (even in retreat) has made the risk of hyperinflation curiously absent, as we've been at zero (sometimes fucking negative) interest rates for a long-ass time and even passed the inflection point on short-term v long-term bonds' maturation value with little deleterious effect.
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Fiat isn't exactly dead just yet but it will eventually be converted and absorbed into crypto. Financial institutions have been buying BTC for years now, so now they can devaluate fiat even further and write off fiat debts easier. Small retailers don't really have much say in what kind of funds they accept as they'll simply go out of business if they don't follow the trend, it's more up to the payment processor.
 
Badungus Kabungus said:
Fiat isn't exactly dead just yet but it will eventually be converted and absorbed into crypto. Financial institutions have been buying BTC for years now, so now they can devaluate fiat even further and write off fiat debts easier. Small retailers don't really have much say in what kind of funds they accept as they'll simply go out of business if they don't follow the trend, it's more up to the payment processor.
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All else standing, yes, probably - though governments would no doubt want to control crypto themselves, potentially to the point of trying to issue their own (like the petrodollar or whatever venezuela's crap was). That's where my wariness over regulation enters the picture, as "all else standing" won't really be the case. Banks have invested enough that they will probably protect crypto from being outright tossed with the bathwater, but its applications might be limited and subject to regulation / financial nationalism between the world's relevant powers.

While I might not be going all-in on crypto, I also do broadly agree that any investment portfolio should consider grabbing some for the long haul, no matter what way the wind will ultimately blow. It's too alluring an idea to ever really be dead in the water.
 
Rich Evans Apologist said:
All else standing, yes, probably - though governments would no doubt want to control crypto themselves, potentially to the point of trying to issue their own (like the petrodollar or whatever venezuela's crap was). That's where my wariness over regulation enters the picture, as "all else standing" won't really be the case. Banks have invested enough that they will probably protect crypto from being outright tossed with the bathwater, but its applications might be limited and subject to regulation / financial nationalism between the world's relevant powers.

While I might not be going all-in on crypto, I also do broadly agree that any investment portfolio should consider grabbing some for the long haul, no matter what way the wind will ultimately blow. It's too alluring an idea to ever really be dead in the water.
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I'm not quite going all in on crypto, got several pots in several fires, so to say. Still, looks like crypto will yield the greatest returns this year if you put in the effort, do research and basically give up on sleeping. It's been a hell of a week for crypto already (today Graph, yesterday Cardano, BTC hitting new ATH, and so on) and this weekend is shaping up to be absolutely insane due to the Chinese market (Happy New Year frens).
 
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Hollywood Hulk Hogan said:
You guys are still doomposting about China? You're worse than the Hillary fans were 4 years ago with Russia :story:
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Good to see you're not concerned about Chinese infiltration when your corporate overlords tell you they're not a threat. Either that, or you're really working hard to improve that social credit score...
 
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soy_king said:
Good to see you're not concerned about Chinese infiltration when your corporate overlords tell you they're not a threat. Either that, or you're really working hard to improve that social credit score...
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He's a Cuomosexual who believes the mysteriously low numbers of COVID deaths reported in China and probably thinks the CCP dindu nuffin.
 
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soy_king said:
Good to see you're not concerned about Chinese infiltration when your corporate overlords tell you they're not a threat. Either that, or you're really working hard to improve that social credit score...
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This is exactly what I am talking about. You MAGAtards are doomposting harder than Hillary fans were 4 years ago.

Ron Jeremy Stan Account said:
He's a Cuomosexual who believes the mysteriously low numbers of COVID deaths reported in China and probably thinks the CCP dindu nuffin.
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Cuomo is stupid and CCP is not innocent by any means, but that doesn't mean you Trump cultists doom posting about China are any different than the Russian doomposting Hillary fans were 4 years ago. Also, whose alt are you?
 
Hollywood Hulk Hogan said:
This is exactly what I am talking about. You MAGAtards are doomposting harder than Hillary fans were 4 years ago.
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So the Chinese attacks on US allies in the region, their infiltration of US universities, dominance of Hollywood, pervasive IP theft, and neocolonization of Africa are all things we shouldn't worry about then? Glad to see you posting the correct opinions, you've definitely earned your 50 cents.
 
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soy_king said:
So the Chinese attacks on US allies in the region, their infiltration of US universities, dominance of Hollywood, pervasive IP theft, and neocolonization of Africa are all things we shouldn't worry about then? Glad to see you posting the correct opinions, you've definitely earned your 50 cents.
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Replace Chinese with "Russian" and most of that post would be equally accurate. The only difference is that Russia is friends with your cult leader and China isn't.
 
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Hollywood Hulk Hogan said:
Replace Chinese with "Russian" and most of that post would be equally accurate. The only difference is that Russia is friends with your cult leader and China isn't.
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Almost none of what you said is true besides the first one, and only because that is unbelievably vague. Show me where Russian influence can be found in Hollywood, and where are the massive labor colonies of Russians all across Subsaharan Africa?
 
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soy_king said:
So the Chinese attacks on US allies in the region, their infiltration of US universities, dominance of Hollywood, pervasive IP theft, and neocolonization of Africa are all things we shouldn't worry about then? Glad to see you posting the correct opinions, you've definitely earned your 50 cents.
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Don’t forget the part where we owe China trillions in debt, every blue collar job is outsourced to make revenue streams and profit margins better along with cutting costs. All all the shit with Joe and Hunter Biden. If anything, it’s only a matter of time before Xi comes to our neck of the world and just says, “I own this country, bitch. You answer to me and the CCP”.
 
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