/biz/ - Business & Finance

>>24283860
BASED MONERO CHAN KEEP THIS THREAD ALIVE FREND.

FUCK FAFT JANNIES

>>24088553
>There will be no 80% correction.

Also bitcoin inflation is below fiat
before until next halving from the top you had 3.80% x 3 of inflation vs max 2% yearly on usd

Game is different now and there is more risk cashing out than staying in.
Plus this

https://fred.stlouisfed.org/series/M2V

Means that the end of the bubble will happen when velocity of money / inflation returns , extending the bullrun till 2023 just until next halving.

>>23991730
it's beautiful how organic bitcoin grows as a force of freedom isn't it?
Venezuela tried to take over it to use for international trade but failed since they restrict the freedom of their people thus nobody sold them shit and to adquire via exchanges they had to use swift which they could not use it.

BITCOIN IS FREEDOM

For peer to peer exchanging use

https://localcryptos.com/

or bisq

https://bisq.network/es/

avoid localbitcoins , they sold out to european regulatons by banning cash trades.

OTHER P2P OPTIONS IN NEXT POST

BREAK OUR CHAINS.

>>23980017
Read it yesterday. I think he is a genius autistic retard.

>>23961567
>in theory would a fiat currency that's legally required to remain at a constant fixed supply be equivalent to or potentially even more stable than gold?

Yes but that's impossible from a game theory perspective since those emitting the currency would inflate.

Look at this

https://www.youtube.com/watch?v=5YeEGcrinSM

rome during the third century attempted that in parts , there were literally fuckign tokens emitted by cities and shit like that.

And Rhode Island in the usa is a perfect example of this , they didn't joined the revolution nor the british because they were emmiting their own currency even before the revolution and were evaporating their debts with inflation.
Even if you put a priestly class to do what you are asking they would be corrupted or forced by circumstances to inflate at certain points until you end like this.

The usa went from 1971 to 2008 pretty well with fiat as they were operating as you described as if the gold standard kind of existed , but once the system had problem the boomers bribed themselves out with brrrrrrrrrrr.

https://fred.stlouisfed.org/series/BOGMBASE

>i don't believe in the "inherent value" of gold since it can be mined

Gold or Bitcoin have 0 "inherent value" , they both operate under two conditions

1_They are scarce(bitcoin 1.80% yearly inflation gold around 1.50% due to it's world supply on the earth)

2_Both use proof of work since circulating stocks of gold had to be mined to be obtained and if you are going to mine it you are going to sell them above the mining costs thus this causes them to be good inflation hedges.

Bitcoin has a third strength which is that you can send it anywhere which means it can't be shorted long time or dilluted with paper shares since people using for international wires end up bringing the market price to the real one pretty fast.

>>23949867
>the fbi could seize all the miners domains

Wrong , the fbi does not even know where the miners are since mining pools act as a vpn.

>and infrastructure

oh wow difficulty goes down and the network becomes more descentralized how terrible.

>delete bitcoin.org

So?

>ddos billions of transactions into the blockchain thereby clogging the network

Transactions have a minimum fee.
So they are going to be paying fees to support the miners?
Based.

>This is why they keep the bitcoin from silkroad and darkweb drug raids.

No they keep it because the glowniggers framed the silkroad retard by lying about the assasinations market and then stole the coins.

Afterwards the fbi agent was arrested for that, not like it matters since Ross Ulbricht was accused by the media as pablo escobar 2.0 and ordering hits even on the judge (even tough he was jailed already).