No institution is going to grow in the space to facilitate the transactions
Real crypto dudes perfectly know that the basic property of cryptocurrency is that you absolutely don't need any institutions to facilitate the transactions because easiest possible way to do transaction in crypto is doing it from your own node. You can't somehow facilitate it more. And you don't need ANY third-party to use crypto.
So, no, it is not crypto end. It will be perfect if all that shitty and comletely unneeded excahnges will finally bankrupt and disappear. It will be the best day in cryptocurrency world. Great Cleaning from all that dumbfucks who didn't RTFM and thought that cryptocurrency is just another gambling shit like stocks or futures.
That could be the last gambit of the institutes. Basically, you try and figure out which crypto is "popular" enough for people to stay interested in but also keep an eye on people dumping it. Then as you notice they are dumping it, you buy say 50% of the crypto, make the price skyrocket and then you watch as others buy into and sell the other 50%, then let's say the price goes up 3X, then the institute could just sell it and reap all the benefits.
Though with that logic in mind, there is no change that Bitcoin will be used again, it's too known and it's going down by a large amount(even though all crypto has gone down the same % in the last year). But they would most likely invest in something that doesn't use a lot of money than something that does because then you could get a bunch of people to invest 100-200 into it to the point where the price is enough to profit it off it by a lot.
Who cares about stupid trading games and rate to some shitty fiat?
Cryptocurrency is not an asset or stocks, it is a currency. Its purpose is to allow independent, unstoppable and verifiable mean of exchange.
invest
Cryptocurrency is not an investment. And never was. It is some idiots with severe case of cerebrum trading affection for some reason decide to play their stupid gambling with it.
Cryptocurrency is a mean of exchange, not an asset, stocks, investments, whatever crap that stupid economists invented to milk the herd. It is a special kind of payment system. You don't need to buy or sell crypto. You are Federal Reserve and a bank for yourself in that system. You don't need anything else to sell and by things and services. All that senseless crypto exchanges is not needed at all in the first place. Is it so hard to understand?
The vast majority of cash that has come into crypto for the last 6-7 years has been from speculators who don’t care about the tech or the libertarian dream BTC was born from. They just saw crypto as an investment scheme. It will take quite a bit a pain to unwind those types of people from the space.
He also hosts a survival podcast which has been consistent for about 15 years and is full of key survival info at https://www.thesurvivalpodcast.com/
Crypto has a good usefulness. I don't know why my other comment was down voted into oblivion. Lots of people here hate crypto and generally I think those are people who don't understand it or else they associate it with corrupt institutional speculators or jew faggots like sam Friedman.
you dont need institutions to transact until the institutions finnna say no crypto-fags running on our lines. and, lulz, keep your imaginary numbers cause ya aint converting to USD.
until the institutions finnna say no crypto-fags running on our lines
That means total shutdown of internet all over the world. And even in that case p2p network could continue to work via other channels. You could run that network on usb sticks or even on paper. Not even mentioning all that ham radio or hijacked SatCom satellites.
ya aint converting to USD
Who needs that USD? Especially now. What real things US could sell for them? Why exchange currency no senile pedo could seize or prevent transaction to some shit that is hardly could be named currency today? Sold all my USD long ago, keeping only vintage banknote with that "Ten dollars in gold coin". As a reminder that any official currency is a hoax.
There are open hardware/firmware wallets, like Trezor, but I don't see any need for them, unless you are using Windows or iOS.
To be as paranoid as possible:
Build your own hardware wallet from ground using any cheap SBC that could run Linux and wallet software and have USB device (could become an USB device for PC like flash or BT dongle) capable USB port.
Print private keys of your addresses with coins on paper, put it into your own safe and destroy disk where wallets with that addresses was stored.
But I still don't get why you need to store crypto. It is not savings, it should be used for payments to or from you.
If you want to really save your money, better get some useful skill lessons or buy useful tools that will always help you to earn whatever you will need.
tell me again why a hardware wallet would be immune to government hardware backdoors?
For example, because you are smart and made your hardware wallet from chips that made in another, preferrably rivaling jurisdiction. Since hardware wallet don't need networking to do the job, only USB, even if your PC is backdoored, they can't access hardware wallet internals, all what they will see is just an USB device that generates ready-to-send and absolutely public transaction block after you press a button on hardware wallet if you want to spend some coins. To receive coins you don't need to do anything with wallet at all. Also, chances that your local authorities could use rival implemented backdors is minimal even if your hardware wallet will fall to their hands.
However, I think it is not a very good idea to use hardware wallet. It could broke, seized or be lost. If you by design have no ability to extract private keys from it after wallet initialisation and save them on paper or somehow else, then you will be screwed.
Real crypto dudes perfectly know that the basic property of cryptocurrency is that you absolutely don't need any institutions to facilitate the transactions because easiest possible way to do transaction in crypto is doing it from your own node. You can't somehow facilitate it more. And you don't need ANY third-party to use crypto.
So, no, it is not crypto end. It will be perfect if all that shitty and comletely unneeded excahnges will finally bankrupt and disappear. It will be the best day in cryptocurrency world. Great Cleaning from all that dumbfucks who didn't RTFM and thought that cryptocurrency is just another gambling shit like stocks or futures.
That could be the last gambit of the institutes. Basically, you try and figure out which crypto is "popular" enough for people to stay interested in but also keep an eye on people dumping it. Then as you notice they are dumping it, you buy say 50% of the crypto, make the price skyrocket and then you watch as others buy into and sell the other 50%, then let's say the price goes up 3X, then the institute could just sell it and reap all the benefits.
Though with that logic in mind, there is no change that Bitcoin will be used again, it's too known and it's going down by a large amount(even though all crypto has gone down the same % in the last year). But they would most likely invest in something that doesn't use a lot of money than something that does because then you could get a bunch of people to invest 100-200 into it to the point where the price is enough to profit it off it by a lot.
Who cares about stupid trading games and rate to some shitty fiat?
Cryptocurrency is not an asset or stocks, it is a currency. Its purpose is to allow independent, unstoppable and verifiable mean of exchange.
Cryptocurrency is not an investment. And never was. It is some idiots with severe case of cerebrum trading affection for some reason decide to play their stupid gambling with it.
Cryptocurrency is a mean of exchange, not an asset, stocks, investments, whatever crap that stupid economists invented to milk the herd. It is a special kind of payment system. You don't need to buy or sell crypto. You are Federal Reserve and a bank for yourself in that system. You don't need anything else to sell and by things and services. All that senseless crypto exchanges is not needed at all in the first place. Is it so hard to understand?
The vast majority of cash that has come into crypto for the last 6-7 years has been from speculators who don’t care about the tech or the libertarian dream BTC was born from. They just saw crypto as an investment scheme. It will take quite a bit a pain to unwind those types of people from the space.
I like this bitcoin podcast
The Bitcoin Breakout with Jack Spirko https://fountain.fm/show/qOZCsMAtpAr80DuO0DEs
He also hosts a survival podcast which has been consistent for about 15 years and is full of key survival info at https://www.thesurvivalpodcast.com/
Crypto has a good usefulness. I don't know why my other comment was down voted into oblivion. Lots of people here hate crypto and generally I think those are people who don't understand it or else they associate it with corrupt institutional speculators or jew faggots like sam Friedman.
you dont need institutions to transact until the institutions finnna say no crypto-fags running on our lines. and, lulz, keep your imaginary numbers cause ya aint converting to USD.
That means total shutdown of internet all over the world. And even in that case p2p network could continue to work via other channels. You could run that network on usb sticks or even on paper. Not even mentioning all that ham radio or hijacked SatCom satellites.
Who needs that USD? Especially now. What real things US could sell for them? Why exchange currency no senile pedo could seize or prevent transaction to some shit that is hardly could be named currency today? Sold all my USD long ago, keeping only vintage banknote with that "Ten dollars in gold coin". As a reminder that any official currency is a hoax.
how you FCUKN BUY GAS?! youre welcome.
OHHHHH... P2P... P2P.... TO WHAT? WHO ARE KEEPING THE GATE? WANT TANGIBLE GOODS? GONNA HAVE TO BARTER... CURRENCY. IE, FIAT.
There are open hardware/firmware wallets, like Trezor, but I don't see any need for them, unless you are using Windows or iOS.
To be as paranoid as possible:
But I still don't get why you need to store crypto. It is not savings, it should be used for payments to or from you.
If you want to really save your money, better get some useful skill lessons or buy useful tools that will always help you to earn whatever you will need.
For example, because you are smart and made your hardware wallet from chips that made in another, preferrably rivaling jurisdiction. Since hardware wallet don't need networking to do the job, only USB, even if your PC is backdoored, they can't access hardware wallet internals, all what they will see is just an USB device that generates ready-to-send and absolutely public transaction block after you press a button on hardware wallet if you want to spend some coins. To receive coins you don't need to do anything with wallet at all. Also, chances that your local authorities could use rival implemented backdors is minimal even if your hardware wallet will fall to their hands.
However, I think it is not a very good idea to use hardware wallet. It could broke, seized or be lost. If you by design have no ability to extract private keys from it after wallet initialisation and save them on paper or somehow else, then you will be screwed.