/biz/ - Business & Finance

>>8640929
Bitcoin is like the financial singularity. Historians will look back in 1,000 years and consider its invention to be on par with the invention of written language. It's not just a cool fad, don't let the silly name "Bitcoin" fool you. This is truly revolutionary from a game theoretical perspective and will 100% change everything about the way humanity operates.

We are organizing ourselves more like an ant colony, where individuals follow simple rules and complex emergent behaviors form. And we are using cryptocurrencies as our subconscious pheromone system for group arrangement and coordination

Cryptocurrencies are the answer to the prisoner's dilemma. They give us a way to not rat each other out while simultaneously all acting as we are expected to act - greedily.

Bitcoin's success is the first ever economic system whose utility, robustness, and value strengthens, the more greedy people get. The first system that assumes humans will be humans, instead of assuming they will work hard to play nicely together instead of cheating. Bitcoin assumes you will cheat from the beginning, and it doesn't let you

Bitcoin is the most important invention of this century. If you understand this, you don't care whether it crashes to $100

Let's get real here /biz/izens. No more baby dick clowning around

The governments of the world maintain their political power through the mandatory use of their national fiat currencies to demand tax payment. If their currencies are devalued relative to other currencies, this causes severe issues of a lack of the ability to exert political power for the issuing countries.

They will almost all oppose cryptocurrencies, except the open minded ones who want to gain an advantage through being accepting of them.

Look at the shithole countries with failing monetary systems who print more money to pay off their debt. These countries with inflationary fiat currencies with which you cannot store value. Once their citizens understand, they WILL hop on the objectively superior global permissionless trustless cryptocurrency bandwagon. Because it's not just a new type of currency, it's a new technology for the transmission of monetary information.

Make no mistake, cryptocurrencies are superior to fiat currency in essentially every way that is important to the rights of the individual, and they take away all economic power from existing government power structures

They will try to ban it. They will try to scare people into not converting to the use of this technology. They will try to persecute those who use it. They will try to steal it and take control of the cryptocurrency economy

Now more than ever, decentralization and trustlessness is something we have to strive for. Do not support bank-backed shitcoins like Ripple (XRP) and do NOT support any national currencies like the one Putin is proposing for Russia.

ONLY trust open source global trustless decentralized cryptocurrencies. Take my word for it anons, this is more than just an investment, this is an important social revolution

Please do not underestimate the seriousness of this technology and please don't become complacent and think the powers that be will let this happen without a fight

Stay safe