/biz/ - Business & Finance

>tried to orchestrate a sell-the-news dump
>couldn't even breech $46k
Unfathomably bullish.

>>56896151
>>56896172
Maximal value (efficiency) is reached by accomplishing the valuable thing using the least, BTC does this, shitcoin bloatware does not. The real juicy systematic value of crypto is now, and has always been, fixing money by creating a cryptographically fixed unit of account, Trustless Money, not in being p2p paypal. Even after BTC's accession people will continue to use Visa because VISA PROVIDES A USEFUL SERVICE (revolving credit, buyer protection etc). The value-add of BTC (trustless money) is on the order of $50-200T/yr in 2023 dollars, the value-add of p2p paypal is fuck all
>b-but we can do le both!
We don't need to, memetic consensus has already been reached, BTC waxes and Scammer's Vision wanes, you lost statist shitcoiner.

Everything outside of BTC are shitcoins. BTC solves money, people call it "digital gold" but even gold relied on trust in the sovereign that the coinage was of the correct purity & weight, and after redemption based currency gained traction was entirely trust-based. BTC on the other hand is truly trustless, the first trustless money to ever exist, a final solution to the money question. The systemic economic value of trustless money is nearly beyond comprehension, hyperbitcoinization will unironically multiple global (real) GDP by a factor of 3 or more, $150T-$300T in 2023 dollars, that's the minimum value BTC brings to the table. Rent seeking 'programable money' shitcoiners swerve.

Remember when BTC futures ETFs hit the market and despite futures being a shit hold the ETF was still the fastest to $1bn AUM in the history of ETFs, and then ETH futures ETFs were approved and demand was so anemic that ETH shit the bed for months? Pepperidge farm remembers.

ETH is a joke, "crypto tech" has no value as the marginal cost of it is zero, price WILL approach this in-the-limit, BTC's value is that it's BTC, the first, the oldest, the most compute intensive, it's network value, not tranny tech value, nothing but BTC will ever be BTC. There's still time, BTC is still sub-6figs, repent from your shitcoin ways and return to the path of enlightenment.

You were warned.