/biz/ - Business & Finance

>>12257066
Exactly, but under a sound monetary system, people can save their money and invest in large scales of work such as art, like in the Renaissance, or in innovations. All of the innovations we use today were invented during the gold standard of the 1800s. How many innovations have been created in the 20th century? Remember, innovation as in nothing to a telephone, not from a telephone to a cellphone. The only way we can progress is to get off of unsound money.

>>12150914
>>12150893
All these points are addressed in the book. I really think you should read it. I've been reading it this week and it has confirmed my suspicions that all of our problems are due to the FED and the subsequent inflation that occurs and causes recessions.

>How does that work though? I mean...... "money" isn't supposed to increase in value.

Bitcoin is in its infancy and is still in price discovery regardless of what these idiots on biz say. Right now, the price is reflective not on the utility that it has, but on speculation. As the industry grows and it becomes improved over time, then the price will become stable. But all of this takes time and patience, which is the opposite of what people on biz want. They want to get rich quick and when it doesn't happen in one year, they call it a scam and call it quits. The book goes into time preference and obviously most people on biz have a very high time preference since they want gratification now at the expense of the future.

>>11902405
based

>>11885001
Have you ever heard of the socialist fags trying to take away guns because of false flags like sandy hook etc. Regardless if they're false flags or not, they use them to promote gun control. Look at California, hell even Florida raised the age to buy guns to 21 which I think is retarded.

>>11885047
The price doesn't matter. If Bitcoin gets adopted as the global reserve currency, which it has the potential to do, $10 Million per Bitcoin is definitely feasible. But be like the 94% of people in crypto who own less than 0.1 BTC and FOMO in when shit gets real

>>11724926