Crypto’s 80% Plunge
- Thread starter Vapys
- Start date
- Jan 22, 2008
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...and it's good. Fiat is sick by allowing banks to create money but not in every country. In EU, private banks are limited and controled very well, maybe except UK where private banks are strong.
However, it's good because with no control, you cannot gather taxes. Taxes are necessary for country development. Without taxes, we haven't social system. Without social system, we have revolutions every few years, when poor people attacks rich. It's wrong, we have it for last 500 years. Wars, revolutions, because non social system and monarchy. If we want peace, goverments needs to give some shit to people: social system and something called democracy. People need to think, they have any impact.
Novun
Registered Member
- Aug 8, 2018
- 50
- 11
All those issues were caused by the corrupt governments themselves. If anything, having less taxes for them to play with would have negated those wars. Democracy is great indeed, but what's more important than democracy is liberty and freedom. Look at Russia and Hungary. They have Democracy just no liberty or freedom. They are illiberal.
What crpyto allows us to do is have alternative financial systems which have nothing to do with big brother.
redjebo
Regular Member
- Jul 18, 2015
- 243
- 321
Exactly. Without structured state with a government and all consequent pros (and cons of course, there is no + without a -) people will be dragging themselves back to the stone age, crowds have no inherent value when it comes to decisions concerning the greater good.
Crypto as a concept aims to undermine the state as a functional form of society and if history means anything no states means decline in every aspect of human development. We can berate our governments all we want (and often rightly so), but if we just conduct a thought experiment what will happen without states, taxes, loans all we'll see will be anarchy, destruction and suffering. The crypto idealists can't see further than their noses.
methodcreator
BANNED
- Feb 8, 2018
- 116
- 25
The few rich are manipulating the crypto market. They can decide its rice or fall. Surely, Cryto will rice much higher before December time
Probably be worth one rice. That's about it though.
People pushing their own agenda?
justbrowsing1
Junior Member
- Sep 20, 2016
- 156
- 74
That makes no sense, if all the others are based on Bitcoin then the total market cap will be aligned with the bitcoin price. Alts have got hit a lot harder against Bitcoin the last few months than they were in the first 6 months of the year. Total market cap was $240 billion when Bitcoin hit it's low at $5900.
2 days ago Bitcoin dropped to $6300 and the whole markets total market cap was just $186 billion. Pretty huge difference considering Bitcoin accounts for over $100 billion of that.
- Jan 22, 2008
- 5,791
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Steve Wozniak? Who is he? He is just nerd guy who has lucky to meet the best marketer in human history. Without him, Steve would be another home engineer who is showing his electronics to nerdy friends.
Twins? Some idiots, who have lucky to meet Mark, strong individual who fcked them, changed their idea and also has luck - viral startup.
Jack? Again some nerdy programmer who has luck with social platform when world demanded such platforms. There was many, many social platforms, but thx to "right of first", he got viral.
All these people except Draper, are just luckers
D
Deleted member 719276
Guest
Guys dears I have a new tip from 1 guy on Telegram: I heard that Chickencoin will be doing an eggswap with a yolk airdrop. The algorithm is SHA269 and I'm sure that you don't want to miss out. We all know that crypto is down dears and hopefully thanks to Chickencoin you can make some nice profits again and forget about this depressing bearish trend.
- Jan 22, 2008
- 5,791
- 8,182
Don't spread this info!
ehhh... whatever, I bought chicken coin ICO and got this:
Pure gold rooster coin for investment
I've heard if you are in with the big boys, the Lambo kids who ride rusty BMXs, then you may be in for some double yolkers.
- Mar 10, 2010
- 42,697
- 107,138
Are you sure it was not a Discord group guy?
Oh wait, those groups are all dead... my bad.
Total Noob
Banned - By Request
- May 10, 2009
- 2,446
- 2,732
Blockchain revolution any day now
This public ledger technology will revolutionize almost every industry on earth
This public ledger technology will revolutionize almost every industry on earth
- Mar 21, 2013
- 24,764
- 31,552
Because there is not enough trading volume on the others. When bitcoin loses 10 billion market cap, some of the others lose 1 million because it's not worth shit anyway.
If everyone tried to cash their altcoins at once, the system would collapse because most altcoin market cap is completely inexistent.
justbrowsing1
Junior Member
- Sep 20, 2016
- 156
- 74
Bitcoin hasn't lost value over the last 3 months or so was my point though, alts have lost 60-70% in that time.
Invester80
Newbie
- Aug 24, 2018
- 14
- 0
That's why you can expect a rebound for some time, but it's my private opinion.