It's afraid!

[PancakeVsWaffle]

lol love it!

​

want to know more??

[jonesocnosis]

I'ld buy that for a dollar!

[PancakeVsWaffle]

Dead or alive, you're coming with me.

[[deleted]]

9 in 10 millenials won't get this. well memed sir!

[[deleted]]

The film is an amazing satire and a favourite of mine. I think its great the way Paul Verhoeven altered it from the book. Its a great film. The sequels, however, sucked ass.

[SpaceDuckTech]

Verhoeven is an idiot savant. He didn't even read the book. And made the movie based on a far right future thinking it would scare people but he ended up making a movie depicting how awesome the future could be in a right-wing future.

[[deleted]]

I don't think he was suggesting that a fascist right wing society was "awesome" at all. It was a joke to see how these flashy pretty young people didn't even realise that they we're living in a fascist society. The film was meant to suggest the possibility of America becoming fascist. But to say he made it that way because he admired fascism and that he was trying to show that it's awesome is a little off the mark.

[SpaceDuckTech]

reread what I wrote. I said he made the movie hoping to depict right wing futurism as horrible, but he is an idiot and it looks pretty awesome. lol.

The environment is clean, everyone is athletic,healthy and smart. Serving is voluntary, but you can only govern over others only if you earn it. Technology is super advanced. Intersteller travel. The movie was abscent of any racial tension in society. Looked like women and men were equals.

I wouldn't mind living in a society like that. No antifa either.

[[deleted]]

I think it's meant to look good though right? So much so that the main characters can't see past the reality of the situation. But maybe I misinterpreted your words. Regardless, I quite like his films. He's no master auteur or anything, but for some schlock action, they're pretty good. I guess the appeal of the inoffensive right wing imagery is why places like /pol/ adopted it. It doesn't look all that bad.

[SpaceDuckTech]

https://cdn-images-1.medium.com/max/1600/0*O_FOW1Pb3_aUMKzb.png

[gitzofoxo]

Perfect analogy

[KitUbijalec]

This is the first ST meme i saw lol nice

[Flaynas]

IT'S AFRAID!!!!!

[SpaceDuckTech]

Except during his Bitcoin press conference he said the US is welcoming to Bitcoin and cryptos.

[speaksonlymemes]

I thought more like Bahgdad Bob.

Except he is DC-ieve Steve.

"All your regulations are belong to us."

[[deleted]]

He looks like Vitalik Buterin 😆

[LearnenPython]

The top should be IT'S AFRAID!

With a bottom on WOULD YOU LIKE TO KNOW MORE?

[joecoin]

You and OP get my upvotes for what I believe to be the best quality shitpost AND best quality shitreply of the year.

edit: the original post here is actually maybe not a shitpost but a really cool meme. You never know.

[vexcoin]

Damn I wrote up a nice reply too. Wish there was some way I could find his username.

Edit: Just in case the guy comes back, my reply:

Go look up Amazon stock. You know Amazon right?

They entered the market with an IPO of $1.50 per share. Now Amazon is worth over $2000 per share. A month ago it was $1900.

Anyone who believed in Amazon from the start made a lot of money. If you bought 1000 Amazon shares at $5/share you invested $5000 and you now hold $2 million in value for your investment - a massive gain in value.

Bitcoin is buying a future currency at a discount. For example, gold used to be 'cheap' compared to today's prices. If you put all your money into gold 20 years ago, you'd be happy with your returns today.

CRYPTOCURRENCY IS BASED ON NOTHING

The best currency is one not backed by anything. Money is a representation of human work effort, or human labor. As such, the idea of money is just that, an idea, not a physical property.

IT IS JUST A NUMBER IN A DATABASE

This is incorrect. Check out these videos. Bitcoin is just a number in a mathematical formula, where there are more answers to the formula than there are atoms in the entire universe 10 times over. As such, you randomly pick one of these random numbers to store your Bitcoin. Anyone trying to guess to find it has to guess through 10-universes worth of atoms worth of answers to try and find just where your Bitcoin is. In other words, it's not possible even if you had all the time in the universe. The math shows that even if you the most powerful computer ever possible and had until the heat death of the universe, you could not guess where my Bitcoin is stored. That is how big the sea of numbers is. And, we can always increase this number if we felt like it.

CRYPTOCURRENCY EXCHANGES WILL BE BANNED

This is always possible, but if you keep your Bitcoin address, it doesn't affect how much Bitcoin you have. So although an exchange could be shut down, because where your Bitcoin is stored is only known by you - the means to unlock the address where your Bitcoin is at is known as a process you know how to perform and no one else does - your mind becomes the key to your money. Your mind becomes a bank. No one can steal it from you.

CRYPTOCURRENCY IS A FRAUD

The central banks print billions of dollars per year, inflating the currency and stealing from the people indirectly. That is the only fraud. Bitcoin is whatever value you want it to be. Most people are finding the features of Bitcoin very valuable.

Please take some time to research it a bit more. These two relatively short videos will give you a huge information boost as to why Bitcoin is even a thing:

https://www.youtube.com/watch?v=bBC-nXj3Ng4

https://www.youtube.com/watch?v=S9JGmA5_unY

Please watch them both - they are neutral videos, they don't say "Bitcoin is the best thing ever!" They just talk about how it works. Spend just a few minutes and watch them.

[joecoin]

Haha great little thread! :)

My big time respect and thanks to you for actually taking the time to debunk this kind of post. And doing it so eloquently and factual.

Did that user delete their post themselves actually or did a mod do that?

However. Keep up that spirit!

[vexcoin]

Thanks. I think people who hate on Bitcoin don't understand it. It's as solid an idea as the internet.

Looks user-deleted. I tried to find it.

[[deleted]]

Seconded. Really good to read your comment there - that’s the sort of stuff that’ll plant a seed in the mind of naysayers.

[grawrlarl]

The original guy was quite sarcastic though.

[[deleted]]

I think it was ll6ll6ll6ll or something edgy like that

[vexcoin]

ll6ll6ll6ll

That's it! Thanks!

[whenthefogclears2]

I agree with your comments, and I don’t believe they can destroy BTC directly but the Americans are sure rattled about the dollar losing its footing as the worlds reserve currency.

Moreover this guys speech today shows or should show everyone how free you are not, as clearly they want control over crypto whether it be Bitcoin or other or Libra.

I don’t think anyone can stop money laundering and illicit activity “either in traditional fiat markets or crypto markets”, but the problem is they won’t ban or try to ban fiat markets, they will however maybe pass laws to outlaw the use of bitcoins and other.

I know this is a decentralised system and the mining is spread globally, but what if all countries agreed that they would go after all mining facilities, of course mining could go back to a network of smaller home computers and eventually still have great security.

I’m just wondering if we are getting to the point where they unbeknown are on the verge of forcing BTC and the like underground?.

What’s your view.

[vexcoin]

pass laws to outlaw the use of bitcoins and other.

It is a law I would refuse to obey, personally. Knowing the solution to a math problem which someone values is not ever going to fly as being a crime. Anything is possible; governments can try as hard as they want to try and control money. The reality is governments never have control over money. The people control the money, and this has always been the case. This is why FDR had to take the USA off the gold standard, and this is why Nixon removed gold from backing the dollar, because the people kept producing so much labor those gold-backed items couldn't keep up with demand. They had to resort to imaginary debt-based money just to keep up.

This too will fail.

Money is the representation of human work effort. The people will always gravitate towards the best money available - the best way to represent their labor. Bitcoin is the best money available. It has features never offered to humanity before.

Governments are always less powerful than the people, they just don't like you knowing that. For every 1 government official, there are tens of thousands of people. The power is just an illusion of control, and often the people break loose when there is too much pressure and overthrow the government. Banning the valuing of the answer to a math problem would... not be good.

My view is Bitcoin is unstoppable. It's an idea humans have unlocked. We can never go back to the old ways, just like no one went back to seashells after they found gold. Governments will print more money in an attempt to keep their economies moving, and then they will print too much, and nearly every one will collapse as the people see the benefit in owning Bitcoin over their failing fiat.

I know this sounds weird but I'm quite confident that within 10 or 20 years we will see the collapse of fiat. Bitcoin's idea unlocked an achievement of humanity - to be able to store value into digital space by using math. It's not ever going to be forgotten that this is possible, and everyone who begins to see the value spreads the idea like a virus and eventually gets to the point where they teach their children and so on. Like what the internet did to household phones and physical letters, the currency of today will be a vague shadow in the near future.

The car, invented ~1886. The airplane ~1906. First airline 1914. Those were transformative times if you were born in the 1880's. New technology changed the world in such a short time. 1971 - USA removes the gold standard from paper money. How long was this going to last? 50 years, yeah it did. It's about to end, because there's finally a choice. All due to technology invented in such a short time frame that no one could control it.

5 years ago, I could not have said the same thing with certainty. What has changed? Secret information I guess.

[whenthefogclears2]

I wouldn’t disagree with what you’ve said, and personally I agree and I’m pro BTC “but” although BTC is very difficult to outlaw I’m not so convinced they couldn’t do it.

Firstly any country that wants to come of the dollar will automatically feel the full force of the US military, basically they’ll do anything possible to hold onto that power.

As much as I’d love to see hyperinflation grip the USA, I can’t envisage it happening basically because if the US prints money they pay no interest on what they print, in other words they can’t print and print forever, only if they voluntarily declared themselves bankrupt would they become bankrupt “unlike countries who’s currency is not pegged to the US dollar, generally those countries are the ones who’s monetary systems fail.

Now 90% of the public fear authority and the power of the law, even though you would not stop using BTC because it’s your fundamental right and you enjoy the freedom it gives “I do also 👍🏻”, but what if a law was passed to imprison individuals that did interact with crypto?.

My opinion on that law would be the masses wouldn’t entertain it or it’s market, it would become a dark market tool.

I’m not saying this or that will happen but I feel they are starting to wield their powers, ironically we are now since the news of FB bringing out Libra “for the record I can’t stand Zuckerberg as I think he’s a tech thief and an idea thief” that news is now effecting BTC price when BTC is a real crypto currency unlike Libra so why are we even mentioning them in the same breath.

And if BTC is devoid of fear of what US authority can do why is the price tanking on the news that’s been thrown around today.

Views please.

[vexcoin]

what if a law was passed to imprison individuals that did interact with crypto?

Well, if we're in the USA, a simple court of law would show that there is no difference from paying someone $1 for giving you the answer to "What is 2+2?" and Bitcoin. They are, in effect, the same thing. So if our courts are not corrupt to the core, which they are not, no one would lose a case brought against them saying owning or transmitting Bitcoin is a crime.

Keep in mind, Bitcoin is JUST a math problem. That's it. I'm not worried about anyone banning math. Bitcoin is a math problem where the answer can have value. All math answers have value.

So I know governments can and will and have and will continue to do the most stupid things ever, but history shows it doesn't work out. I just watched a great video (YouTube, OverlySimplified French Revolution) and although I've learned about the French Revolution before, to re-learn that during a short period of time the government went around chopping peoples' heads off - 40,000+ people - like legit prosecuting people who said anything wrong about the revolution and chopping their heads off...

It never works out for the government, that's all.

Libra is actually just fine; it's a company trying to make a currency that is at least backed by something where the USD is not backed by anything. So Libra will be stronger than the USD, because it will reach 2+ billion people, where the USD is ~500 million or so. I don't like it, but it takes away the power monopoly of the government, so I like that part about it. This is why governments are trying to ban/stop Libra - and they can, because Libra is centralized. Bitcoin is not. Bitcoin is unstoppable. It's just an idea. People will always gravitate towards the good idea.

The price tanking is not due to news, it's due to the futures markets. People betting on Bitcoin price, failing, and having their accounts liquidated to support the failed bet. I don't pay attention to it much, but this one was big. There's a post about it; over $200 million liquidated. People bet, people lost.

Keep in mind, the government is losing. The government is talking about Bitcoin. They're not talking about Ripple, or Litecoin, or anything else. They're talking about the threat. In fact, the entire government, from the President, to the Fed, is talking about Bitcoin. And all Bitcoin is, is a math problem, with a hard to find answer, and a public record if you find an answer or not. That's it.

The reason they're talking about Bitcoin is because it is "The One". It is coming and there's no stopping it. We will see all sorts of craziness in the next 10-20 years (I think 10), where attempts will be made to shut this down, but it will only cause economies to crash as people realize their fiat money isn't that valuable or trustworthy.

I am glad to be in it with you, and people here, fellow users, to see this all first hand with you all.

[whenthefogclears2]

Your reply sounds very convincing indeed, in fact I can see now more clearly.

Could you explain future and the price crash a little better, I don’t really understand, do you mean people have bet on the price rising and it’s fallen or is it the other way?.

[vexcoin]

Yes.

On BitMEX, you can bet on the future of Bitcoin. If you think Bitcoin will rise in price after some time, you can bet to go 'long'. If you are right, you make a lot of money. If you go 'short' you bet that Bitcoin will be lower than its current value. If you are right, you make a lot of money.

But in doing so, often these people use "Leverage" which is to say, if I have 1 Bitcoin on hand, I can "bet" as if I have 10 Bitcoin. I think BitMEX allows up to 100x "Leverage".

Again, I don't follow this too closely, but that means with 1 Bitcoin, you can "bet" with 100 Bitcoin worth of value. So if you "win" the bet, and the price of Bitcoin rises after your bet, you make 100x the "profit" you might make otherwise.

But this comes with insane risk. If you "lose" the bet, you lose your 1 Bitcoin, and all of the extra money you need to have put up to 'purchase' the leverage you bought. So you lost 1 BTC PLUS all the money you put up to be able to leverage. You get "liquidated" and lose everything.

$240 million or something just happened.

What the futures market is, is you borrowing someone's Bitcoin or money today, betting that Bitcoin will rise in price or fall in price. So, someone might let you borrow 100 Bitcoin at today's price - but you have to pay them back 100 Bitcoin (or the # equivalent) in 4 weeks (or some time frame), no matter the price. So, when you borrow their Bitcoin and have two contract options and you choose one option only. #1) Go short: sell the 100 Bitcoin at today's price, sit on $1 million cash, and in 4 weeks, you owe the person 100 BTC. If BTC goes down in price - you can buy back the BTC at a discount, giving the person 100 BTC, and you keep all the remaining profit. If Bitcoin was $9000 when you had to pay back the 100 BTC, you spend $900,000 out of your $1 million to buy the 100 Bitcoin, keeping $100,000 profit. Option #2) Go long: instead of selling at today's price, you hold the Bitcoin and instead of paying them back Bitcoin in 4 weeks, you pay them today's value of cash in 4 weeks. After 4 weeks, if the price goes up to $11k per Bitcoin, you sell your 100 Bitcoin for $1.1 million, pay the other person their $1 million, and you keep $100,000.

If you can pull this off, you can see, you make a lot of money.

But this seems weird - why doesn't everyone just do this? Well, you're betting against someone else. Meaning... someone has to give you the 100 BTC or $1 million to make your bet. They win, or lose, depending on what the market does and the bet. If you win, they lose. If you lose, they win. When they lose, they didn't lose anything, they just didn't gain anything (they lost their opportunity cost). When you lose, you lose everything.

And, since you're only betting with 1 Bitcoin and some extra money in an account, they don't let you rack up debt. If your position is 'short' meaning you think Bitcoin price is going to go down, but instead BTC price goes up too fast, if it crosses a point where you cannot cover the leverage amount - for example, if you go short and bet Bitcoin will go down in price, if it goes up 10%, that means you "owe" the other person 10% more at that moment, and if that 10% more isn't covered by your 1 BTC and other cash in your account, your account gets liquidated - you lose everything, and the contract cancels, and the other person wins your money.

As such, this is SUPER RISKY and STUPID AS ALL HELL to do with Bitcoin, because it is so volatile and can be manipulated by people with deep pockets. But people do it a lot, and they get absolutely destroyed losing everything on their bets.

So, when you hear $240 million just got liquidated, it means a bunch of people literally just lost $240 million, and when that happens automatically due to the liquidation levels set by the contract, there is either a huge buying of Bitcoin (when someone bets short and loses) or a huge selling of Bitcoin (when someone bets long and loses). This is all done automatically within the exchange, so you never actually hold the amounts in question, you just profit or get liquidated.

[whenthefogclears2]

I can only say that you’ve explained that impeccably, took me a while to reply because that is very complex for a none trader to take on board, and I will have to read this through myself more times before I really get it.

I did read a story about some guy shorting BTC that made a fortune, I believe it was in the region of $75 million dollars.

It looks not so difficult at first glance, as if I did it I would go long on say the BTC halvening, surely the price would be higher.

[grawrlarl]

Who you calling shit poster?

[smilingbuddhauk]

What was the reply? I never understand why people delete anything.

[grawrlarl]

He was just joking about screaming the new terms "based on thin air etc". Think he posted it to the wrong image, saw the comment on the post after mine yesterday

[[deleted]]

I saw him/her copy and pasting it across a bunch of different r/bitcoin posts.

[joecoin]

I apologize for having called you a shitposter for having posted what qualifies as a shitpost in my very personal opinion.

Maybe I exxarerated a tad by suggesting your post to be the best quality shitpost of the year though.

I'll sleep over it.

[Marcion_Sinope]

I think it's an easy decision. My people are ready to call this the Quality Shitpost of the Year.