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/biz/ - Business & Finance

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17005990 No.17005990 [Reply] [Original]

Bitcoin is true ownership of wealth. There is no other asset that can be truly owned. Not even gold. Think about it, gold is physical. A bitcoin private key can be memorized and that private key is what defines ownership of the unspent input on the ledger. Meaning that in terms of mind and body - bitcoin can exist in the entirely in the mind, so to speak. Gold exists in the physical world, ownership could be thought to be possible in the mind (e.g. the pin to the safe containing your gold). With bitcoin it is the other way round - bitcoin is about math, cryptographic proof, it can exist entirely in the mind but physical presence can express the mind. There is no physical presence. Has anyone else thought about this?

>> No.17006034
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17006034

>>17005990
Yes satoshi did

>> No.17006048

>>17006034
Craig Wright is not Satoshi Nakamoto you dumb cunt

>> No.17006056
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17006056

>>17006048
Cope

>> No.17006072

>>17006056
seethe harder faggot

>> No.17006112
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17006112

>>17006072
Cope some more Cunt

>> No.17006141

yes, and i literally cant throw my usd at btc fast enough

>> No.17006154

>>17006112
seethe some more turbo cunt

>> No.17006243

>>17005990
green id checkem
also when you think of a dominant form of money you think of liquidity, users, security, transfer, divisibility, etc.
bitcoin is a consensus that upgrades itself
its security rises with its users who provide the economy to generate transaction fees and liquidity for miners to keep their machines hashing
it's not only a better asset than gold, but it's an organization system and consensus and by being able to program contracts
also open source community projects competing BTCpay and BISQ competing with the bitpay and coinbases

gold only solves 1 part of the puzzle to operating a wealthy sustainable economy
now that gold can be programmed we eliminate 3rd party security holes and we know the markets and how to hedge in advance
so we see miners hedge fees with service providers in a futures market to keep operations smooth in times of volatility

>> No.17006281
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17006281

>>17006154
ID is basically pajeet congrats sirs we have made it

>> No.17006289
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17006289

>>17006281
haha yes sir you are very clever haha mother fuck you motherfucker you think this is joke? haha bitcoin is #1 because india you fuck idiot!! :D your shitcoins willl never win me because the power of indian internat marketing :DDDDDDDDDD

>> No.17007230

>memorizing it when they can scan your mind
>not carving it in stone and survive for thousands of years against solar flares and great floods
The Chad Stone Engraver

>> No.17007245

>public traceable ledger
>be in court for getting money illegally through bitcoins
>Give us your bitcoin
>no
>go to jail for contempt of court

no different than refusing to give any other medium of value

>> No.17007272

>put literally all my money I can afford into crypto
>making big gains
>gf tells me I should spend some on clothes and stuff
>just laugh it away

>> No.17007295

>>17005990
>memorizing private keys


Sheeeeeeyat, I can barely remember my name.