/biz/ - Business & Finance

>"It's not a currency (by my definition of a currency) therefore it's worthless"
AKA Peter Schiff style circular reasoning - things don't have to be currencies by your autistic definition to be worth something
>It's backed by nothing, it's not a promise of future cash flows like a security, therefore it has no underlying value
It is scarce, it can't be debased by money printer go brrr, it's censorship resistant
>People who support it have the wrong ideologies
Not even going to bother responding to this one
>Ban it because it damages the environment
So it can be mined by Chinese who give even less of a fuck about carbon emissions?
>You'll be exit scammed by a shady exchange
Control your keys
>All it's used for is drugs, CP and money laundering
It's 2021 now, institutions are adopting it
>You can't cash out
You can, in fact, the institutions want you to
>It's going to zero
I'm never fucking selling

Leftists on twitter love to throw around the term "gaslighting" but I truly think nocoiners are doing something similar to crypto users who have spent countless hours developing and using the tech.