/biz/ - Business & Finance

>>10597653

Give us something to discuss Mr. Intelligent. You start, if you're worthy you'll get a response.

Yeah you're really smart, anon. Can I suck your giant moneydick?

Anyway, Game Theory isn't even a big predictor of success with Bitcoin and other cryptocurrencies.

I mean, how could it? It's a dumb YouTube show.

>>10597653
The brainlets over at bitcointalk kept getting BTFO by based anonymint(Shelby Moore III) so they banned him

>>10597653
>it will just keep going forever

>>10597653
The world will be a very different place when bitcoin hits $1,000,000 (if that ever happens) a place where fiat currency has lost all value and government/nations collapse. Might be sooner than you think

>>10597653
>I have a hard time finding serious discussion about Bitcoin on it's game theory and why it's going to $1,000,000+ long term on /biz/.
Thats because its not, the techs old and shit, it is a proven failure and only mining it in space on a dyson sphere will save it.
Thats not to say the future isnt going to be decentralized and digital, you better believe thats coming and be ready for it but bitcoin 1.0 specifically is going to go the way of excite, myspace and napster.
Google didnt invent search engines, apple didnt invent smartphones, facebook didnt invent social media.

>>10597653
>tfw IQ of 73
Anyone else know my feel?

>>10597785
Know your feel, IQ of -21 over here.

>>10597653
>1 post by this low IQ ID

>>10597804
Don't mock me.

What does IQ mean? Brainlet here

>>10597653

>160 IQ
>top 99.99 percentile

Reality: 120 max

>>10597653
you really think some 50 year old math plays a role in today's markets

>>10597833

>>10597653

Also, bitcoin is shit tech and literally can't even function at even 100k usd let alone fucking 1mil usd. Only people who believe so are delusional bitcoin maximalists(shills).

>>10597763
As a matter of fact this is not the case. We just need a small % of the 32 million people that currently control the world to diversify their portfolio, with once again, a % of their wealth. Which reminds of how I have to sit here and see low IQ mongs talk about normie adoption and shitcoins all day. Perhaps lack of understanding of economies of scale and how this is a winner-takes-all scenario.

The fact that they are at the top should mean there's enough IQ there to realize the fact that they have no options other than Bitcoin if they want to keep their wealth safe from ever going nation-state clusterfuck dynamics. Notice that the very rich have no nation, they just want to keep their wealth. On a long enough timeline the realization that Bitcoin is the best place to be in such a case will make BTC go to $1,000,000+.

Of course the lower classes don't even fathom what it means to have a fortune to protect from nation-states and all of thing flies past their empty brains (and wallets).

The $21 trillion debt clusterfuck will only help speeding things up.

Notice that 32 million people sit at the top, there are 21 million Bitcoin tops, with 1+ million gone, with roughly 1 million of liquid BTC moving (the rest sits on cold storage), and by 2032 the block reward will be tiny, so the cards will have been dealt already.

Everything points at the clock being reset in 10 years. The time to position yourself is now. Yet all I see in here is Link spam and other inconveniences.

>>10597653
Do you think bitcoin will ever be worth $1m in actual purchasing power, or just $1m because of inflation?

>>10597889
Based crypto shill

>>10597889
Based crypto shill

>>10597653
BTC wont. Bitcoin as cash will.

>>10597889
Most of the hyper wealthy are that way because they have assets like land or stocks which are not very liquid. It's entirely possible that they will suffer the worse from the next paradigm. Land will always be there, but a fuck ton of paper wealth is about to vanish over night.

>>10597771
OP said no brainlet shitcoin shills. Can't you read?

>>10597653
Yah. The inevitable currency speculation attack executed when a critical mass of offshore money repatriates through crypto. People don't seem to appreciate the trillions out of play because it would lose all value if spent... unless it can preserve its value at the cost of the rest of the economy. It'll simulate trillions printed per quarter. Nation states will use it as an opportunity to debase their currencies and resolve their debts whilst trying to acquire reserves themselves.

Sounds legit.

>>10598008
im sorry, i take it all back
btc 20k in 3 hours

>>10597653
Thanks brah you gave me some reading material.

>>10597983
In the agricultural age, land was precious because a significant portion of our economic activity was involved with the production of food.
Even Julius Caesar and Andrew Jackson restored economic order by backing the debt with land. But the Industrial Age and now especially the Knowledge Age is rendering food production a shrinking share of the economic activity, and thus money is no longer backed by land. Thus borders, empires, and nation-states are becoming irrelevant.

>>10597653
You need a PhD in economics or math to be even decent at game theory. Fuck off larper.

Pretty much yeah
One thing most of people don't realize is that there is Bitcoin as protocol (think of http/https) and Bitcoin as coin. Coin isn't perfect but in constant development, but protocol itself is very neat and it's quite well set to be future of money. Also there are second-third layer solutions as LTC which allow you use your collateral in many other ways, like many other internet protocols let you do many other things

>>10597653
IQ 180 here and this thread is beyond retarded.

1500 soon

ty renko

assuming that bitcoin is a superior currency, nash equilibrium ends up being where everyone (at least governments) are hoarding bitcoin, whether they intend to use it or not. it's that or the internet goes down.

>>10597703
idiot, he put shit on the table, right in front of you.

>>10597771
>Thats because its not, the techs old and shit, it is a proven failure and only mining it in space on a dyson sphere
i don't know what you've read, but I'd be hard pressed to believe that the energy spent on securing thge bitcoin network is anything close to the total energy spent by banks.

>>10598332
don't forget rsk net

>>10597653
Could you please tell me what problem Bitcoin solves?

>>10598485
venezuela

in ways you cant imagine

>>10598485

>>10597785
Don't worry anon, just be a good guy and nobody worth your time will care.
There was a guy once posting on /biz/ who said he has a lower IQ. I think around 70-80. He was telling us about how he studied and learned a lot, and finally he is making it, both financially and personally. He started the thread to tell us about how IQ is really not so important in the grand scheme of things, and he was very right about it.
I wish I would have saved the thread, it was one of the nicest things I've ever seen on biz.

>>10598498
What exactly about Venezuela is it fixing?

>>10598485
Bitcoin CORE doesn't solve shit, Bitcoin Cash solves all financial problems

>>10598504
kek

>>10598504
>Thinking your outside their reach

Don't be naive goy

>>10598538
the lack of a good currency.

This is what we have today —

$7.7T of gold
$73T value in global stock markets
$127T in money (coins, notes, checking, savings)
$215T in debt (and growing)
$217T global real estate
$1.2Q+ in derivatives
and more

>>10598545
bitcoin cash solves roger vers financial problems. nobody else.

>>10597771
>muh keep replacing the standard of triple entry ledgers because muh tech and vaporware and empty promises from scam devs
Lmao you'll never make it anon

>>10598267
You bring up some interesting points but, go back further in history. Look at the economic practices of 14th century China. Thanks in large part to them, we have paper/fiat currency along with "business contracts". Both of which have not undergone much "change" since their first use way back when. So yeah, it's rather obvious how much of a disruption crypto can/will cause moving forward. Could care less about your intelligence quotient, and your zero sum game argument, nice bait though.

>>10598550
What you just said reaffirms that the Holocaust needs to happen for real this time.

Does this apply to LINK in any way. Brainlet here.

>>10597934