/biz/ - Business & Finance

>>179273
>>People still think cryptocurrencies have a future outside of a niche drug market
There's no question it has a future but all these shill coins are just like the myriad of Facebooks that cropped up after Zuckerberg ripped off myspace.

It won't ever stabilize but financial instruments will get around that. People like anonymity.

I believe all the alts will fail one day but Bitcoin will NEVER be worth 0 in our lifetime

>>179273

>the same people who think that bitcoin will make them rich
>knowing the difference between investing and speculation
>not knowing the difference between investing and speculation

>>179332

>There's no question it has a future

Its future is to go straight into the dustbin of history.

I just got here from /pol/, and you guys should know that society is going to collapse in our lifetimes and the new currencies will be gold, bread, and tears.

>>179383
if you think the economy will crash explain why we won't use bitcoin?

I like gold, but bitcoin is very useful, especially if society collapsed like you say, you could flee the country, they can't find your money

I can't wait until the future comes and we are the ruling class and all the heretics who didn't buy bitcoins are surfs working in the fields.

>>179391

Who would take bitcoin in a shtf scenario?

No one

I don't care what people think of cryptos, pic related is my $20 experiment. I left another $340 in BTC to keep trading.

Despite all the cries BTC will be replaced in the future by a crypto that fixes it's flaws. To do that it will need >5 minute confirmation time, 51% proof and not be reliant on miners to handle the network.

>>179391

if society collapses, the internet will eventually go down as well because the infrastructure underlying it will no longer be built or maintained. No internet = no bitcoin.

Also, airplanes will become prohibitively expensive as fossil fuels start to become scarce. Have fun trying to flee the country on foot.

>>179402

>he actually thinks the techno-barbarian tribes that will dominate the geopolitical landscape in the post apocalypse future will barter with anything other than bitcoins

Oh god my sides, grow up and think about the future, kid

>>179273
i am making so much fucking money by simply having a large amount of cryptos in my possession

cryptocurrencys will be the only thing around in 100 years

>>179383

>from /pol/

All credibility lost. Back to your quarantine board please.

>>179427
>cryptos will be the only thing around in 100 years

top kek

>>179443

Face it faggot. /pol/ ideology permeates all boards. Go be a liberal vagina somewhere else.

>>179427
>implying you will be around in 100 years

>>179273
Okay, I'll bite.
Pump and dump? Inevitable byproduct of any speculative market. Any. Dig a mine, drill a hole,etc. Speculators are just part of us all, looking for a rainbow. It isn't personal.
Outside of a niche drug market? Sovereign Nations create digital capital. Capital stabilizes. This is my personal hope, doesn't mean it will happen though.
Bitcoin stabilize? Likely, but outside my paygrade. Just a stepping stone for me.

>>179509

Fiat currency is already digital for the most part. Cash and coin make up a relatively small part of the total money supply.

>>179410
no way, any flaw in bitcoin will be fixed with services, not safe enough? someone will sell a service to help you?

not fast enough? banks will provide a service where there fast coins can be converted to BTC at 1:1 ratio

watch and learn

>>179603
>everyone shills bitcoin with the excuse that it completely bypasses the banks
>NO FEES
>starts advocating the banks will do an instantaneous transfer of money to BTC (and vice versa) with no banking fees charged
>believing you are not a delusional fuck

Also - you can't fix Bitcoins flaws with "services." That is like saying you can buy insurance on your wallet so if you get robbed / buy something you don't want you call Allstate and they cut you a cheque

Also
>paying for privatized services that are mandated by law the banks and creditors would have to give you for free

You Cryptoshills are the worst.

>>179420

>barter
>with currency
>wat

>>179509
Soverign Nations actually have a nation to back said capital.
Cryptocurrencies are backed by a bunch of geeks and hipsters.

>implying there isn't massive amounts of dosh to be made in said 'niche' drug market

>>179273
>mfw I'm only in this for investment
>mfw I don't care about the ideological part of it all
>mfw I'm a broke ass NEET who just needs to cash in some profits from investing in Internet Fun Bux.

>>179273

cryptos will always be used in online gambling and paying for porn

Is bitcoin backed by any much needed services or goods? Or is it all just specualtion and a giant circle jerk born from people reading too much cyberpunk and the game industry indirectly constructing the idea that fantasy money has realworld value?

Like...can I mine some coins and go buy some stuff or trade them in on some online places for stuff?
Cause....I honestly believe that some people need to make bitcoin mining obtuse but doable and offer goods services oft virtual for said bitcoins to make this more then a giant sci-fi circle jerk.

wouldnt it be funny if someone didnt know how decimals work and shit

and lost a lot of coins

>>180155
http://www.stuffcoins.com/
yes, ive gotten several steam games for dirt cheap

>>180164
It's barely better then Kool-aid points.
If they can get...a few high profile places to accept bitcoin, like...porn sites, steam, streaming media sites, mobile space/games/apps, those places that put out cheap chinese goods all accepting bitcoins would go a long way to legitimizing it.
Having a real world exchange rate in cash for them would make it feel more real as well.

Hell, I can see the PC industry helping this along so they can help keep the PC relevant.

>>179383

Back to /pol/ with you, it's not going to happen.

>>179383

>Implying the post-apocalyptic currency isn't bottles of hairspray

>>180164
You sound like my simple minded libertarian buddy who thinks barter is a viable system because he exchanged photography services for crossfit lessons

>>179410
What's the name of your service you are using?

>>179383
> the new currencies will be gold, bread, and tears.

anarchy plz go

>that society is going to collapse in our lifetimes

No,its not every time there is a happening /pol/ looses its shit now go kill yourself faggot

>>179273
You keep acting like people are "falling" for pump and dump like it's some sort of trick, but if everyone gets on the train knowing it's a pump and dump, we all make money.

>>180524
>we all make money.
How much have you made?