/biz/ - Business & Finance

>>10512468
yep. this retard missed out on the dot com boom, and will miss out on the crypto boom. what a fucking boomer.

>>10512468
he's right, paying for transaction fees is fucking ridiculous in 2018.

only centralized government-baked cryptos without fees will make it

>>10512527
>he doesn't know about EOS

>>10512468
has no clue what is coming and he's been wrong so many times it is surprising people still listen to what he says

>>10512544
i know about your shitcoin, but it won't make it.

xrp has retardedly low fees and it's centralized, if a country adopts it the it's pretty much done.

shitcoins like nano or sky have potential but they are all run by a bunch of pothead/pajeets, no government would ever consider them

>>10512468

>unironically listening to economists when it comes to anything tech related

>>10512587
>xrp
>doesn't even do smart contracts
pic related.

Mainstream adoption will come from normies. Banks and governments will follow once the risk is all but eliminated. And normie adoption will only be possible on a completely feeless platform where norman doesn't need to fuck around with the bullshit involved in wallets, gas, coinbase, keys etc.

>>10512468
Paul Krugman is an absolute boomer. Even worse, he is a part of an ongoing trend in society where being knowledgeable in one field ten years ago (in his case international trade and the impact specific geographic locations have on it), makes you an expert on anything even tangentially related (all of economics). He isn't the only person who has been given a platform and people pay attention to what he says despite not knowing anything about that particular sector in which he speaks (merit and clout gained off of a completely different area of economics). Think there's a term for this but it's escaping me currently. Anyway fuck Paul Krugman.

>>10512641
fiat currency did quite well without smart contracts you dumb brainlet

>>10512663
fuck meant twenty years ago not ten. same point

>>10512468
I can understand the scepticism on crypto to a degree but how the fuck could he be sceptical about the internet is beyond me
I first got on the internet back in 2002 and even tho I was 12 it blew my mind, even as a kind trying to find cheat codes for vice city I could see the potential of the internet

how much of a moron can this guy be really

>>10512468
>listening to a jew's opinion on anything ever

>>10512665
It's current year my friend. Having the ability to create your own currency for your specific use case with the touch of a button and have it be fungible with everyone else's currency along with fiat all within one ecosystem is where the future is headed. I'm sorry if you can't see this. You aren't going to make it.

>>10512468

Krugman isnt a contrarian indicator, hes just noise.

>>10512673
I remember playing Call of Duty on PC back in 2003 and playing with some guys from France. I was talking about it at school and told a teacher that I played with guys from France and I remember the teacher doubting it and claiming the guys were just probably pretending to be French, as if playing an online game with people across the world was impossible.

Older people are loathe to accept change and try to understand it. Paul Krugman is trying to understand cryptocurrency through the lens of someone that has lived his whole life a certain way. I don't fault him at all for doubting the internet or doubting currency on a blockchain - he can't comprehend the problems that it solves because he doesn't even consider them problems.

I know the boomer and zoomer thing is a meme here, but it's actually going to be up to zoomers to adopt crypto in everyday life. There was a huge generational gap with the internet and within the last 5 years I think the boomers finally caught on.

>>10512730
the only people who think crypto (as it is now) is the future of currency are brainlets on biz and reddit. smart money is here only for speculation and trading

the world simply doesn't need cryptocurrencies. it need digital fee-less money, so it's basically what you can already do with smartphones and credit cards.

crypto is a joke

>>10512771
>through the lens of someone that has lived his whole life a certain way
I meant to expand on this. He's a boomer and it's impossible to see crypto in a hopeful way. He views it as a skeptic and in a completely negative light because it's threatening to him. He's lived his whole life this way, doubting technology and purposely pushing others away from things he doesn't like/trust/understand.

>>10512776
there will always be a use of crypto outside the legal system.

>>10512776
>invests in crypto
>doesn't understand the value of decentralization and trustlessness
>doesn't understand the value in dapps
You truly are special. I won't waste my time trying to convince you. Just screencap this thread for a rainy day 5 years from now.

>>10512665
Fiat has a violent monopoly that makes people use their currency under the threat of violence.
And no, they are not doing well. The US dollar lost a lot value since it's creation.
You cannot compare fiat with crypto.

>>10512468
what the fuck is this retard blabbering about

>>10512807
there will, but it will never replace fiat money in rich countries

>>10512818
>>invests in crypto
kek, i'm not a brainlet, i just trade it because they are 10x more volatile than the boomers market

>>doesn't understand the value of decentralization and trustlessness
if you'd thing for a second you'd realize the normies don't won't decentralization and trustlessness. they want a centralized authority that can unfuck stuff when needed and who they can trust

>>doesn't understand the value in dapps
i don't, setting up a node.js server is 10x easier and you don't need to wait minutes for a single contract call

>>10512850
>You cannot compare fiat with crypto.
this is exactly my point, you can't compare them, just as crypto will never replace it, since they have conceptually different use cases

>>10512920
>kek, i'm not a brainlet

>>10512920
>there will, but it will never replace fiat money in rich countries
indeed, personally i never think bitcoin will replace all other currency in the world. but it can coexist with everything else for when it's needed

>>10512468
dumbest jew on the planet