/biz/ - Business & Finance

>>29421012
Fuck off titmouse

>>29421112
Fuck you retard. Defend your faggot lifestyle.

Because it's backed by Jeffrey Epstein, MasterCard and the Bilderberg foundation.
https://youtu.be/5pHGi0nQMqs
Institutional adoption is already here

>>29421012
It's a Ponzi.
We all know it.
Only hodling and waiting for the next fool to buy higher is not utility.
It's a Ponzi. Period.
Cardano will replace this Ponzi shit in future and turn blockchain tech into something really usable.

>>29421166
Better to be a fag than a tranny. Which you are. Dilate.

>>29421012
I won't, there's literally hundreds of hours of books, videos, podcasts, you name it on why.
Not everyone is meant to make it, by the looks of things you're a dunning kruger midwit
Unlucky to be you, but some people need to be serving fries, ty for your service

Not run by Jews but ultimately I don't personally need to justify anything. Don't like it? Don't use it.

>>29421012
it's trustless permissionless and secure
protects you from inflation and confiscation
that's the usecase

>>29421012
It's going to zero the second the COMEX defaults and you're already beginning to see that in what happened to the price of BTC today vs the price of silver and that of silver mining stocks like BHS

>>29421284
Kinesis Money (gold and silver-backed crypto) makes every crypto pointless and obsolete, not simply BTC

No nation will accept any unbacked crypto as money when the dollar dumps to zero, crypto is a pure dollar-pump and dollar-scam

>>29421284
All crypto is virtually the same in the negative aspects stated. Why would any crypto succeed?

>>29421012
>t. What is inflation

>>29421382
Yet you can't negate simple points because you are a dumb low iq faggot who's too poor to invest in real things. Have fun on seething on your shitty exchanges in your basement in whatever midwest or foreign shithole you live in.

>>29421421
bitcoin doesn't give a fuck about silver

>>29421407
It does not protect you from inflation. You don't determine the price. The miners and the market does. There can always be more coins made despite the promise.

>>29421609
No, I just refuse to spoonfeed newfaggots. Gatekeeping is a good thing and the reason this Mongolian basket weaving site went to absolute shit is cause we didn't gatekeep low iq newniggers like you.
Now I said I wanted fries, bitch. Serve me.

>>29421012
Bitcoin started out as a currency, and it failed.

JP Morgan, which has been ultra bearish on Bitcoin for the past few years, along with most other investment banks and hedge funds, now acknowledge that Bitcoin has taken on a completely different role for the financial system. What started out as a decentralized currency became an inflationary hedge on par with gold.

Bitcoin is now an asset class where people park their money to avoid inflation. Just like gold. That is Bitcoins primary function in 2021. And Yellen knows that, but she's pretending to be retarded because the best way to attack Bitcoin is by going after its inefficiencies as a currency.

>>29421741
... How?

>>29421741
>There can always be more coins made despite the promise.
Yeah I was right, you don't even understand the very basics of blockchain. Slave brained nigger.
Nobody spoonfeed this faggot, he deserves to stay poor because of his defective burger genes.

>>29421786
I've probably been trading crypto long before you you fucking cum drinking smooth brain. I asked to gage the iq of this shitty faggot filled site and you proved me right so far. You probably have like one mcdonalds in your shitty town because it's poor. I guarantee you make less money than a mcd cashier in my city you retarded faggot.

>>29421951
hes right
most well known coins have access to the supply including bitcoin
Except mine fats token which runs on the secret network

>>29421741
>It does not protect you from inflation.
really? good to know. i guess inflation is above 700% annually nowadays.

>>29421809
The forks and businesses not accepting due to government oversight or w.e. reason are the inflation. More coins and new investment vehicles are the inflation.

>>29421012
want me to be honest op? at this point I'll hold anything your kike government is against. fuck you.

>>29421012

bitcoin is fiat. the 21 million btc limit ignores the fact that any number of parallel btc's can exist.

>>29421796
Agreed. I am glad bitcoin filled the store of value roll, because that is infinitely bullish against USD

>>29421951
Explain what the concept of a fork is then bitch and lets see if you create some synapses for the first time in your life.

>>29422189
>parallel btc's can exist.
except all those other coins are not competing wit BTC as a monetary good and store of value. They are just tokens. Many have tried to fork btc and make their own shitcoin, but they end up going nowhere

nano is none of those things
inb4 it cant scale
if it cant scale how come i can send it bitch

>>29422189
>Gold isn't the only metal to exist, therefore gold is fiat
You are a smoothbrain.

>>29422198
that's what i needed i did not need a hundredth way of buying fucking coffee.

>>29421796
Her job is really to keep investors in the U.S. market. Crypto is adverse to that. It's a poor asset class since it doesn't actually produce value to keep its own value. If you buy stock or patents or tangible assets you already have something crypto doesn't have.

>>29421012
your right, im moving all of my capital into a saving account for .1% interest, or whatever, so that they can absolutely rape me in outpaced inflation all while gambling away my savings into the rigged stock market. Or better yet, maybe ill put it into the market myself because its totally not rigged (GME) and I can lose it all on their terms.
oh and im not even getting into the inevitable case of hyperinflation
NOPE
fuck them all
im holding aaaaaaaaaand im never fucking selling
im going to watch this fucking shit world burn on my own terms
thank you

>>29421012
because you can't inflate it. It's fixed. NO OTHER ASSET IN HISTORY OF THIS PLANE HAD THAT PROPERTY.

>centralized finance

It's even more centralised than traditional currency and only held up by speculation on an outdated currency that unironically can't work because of speculation. Also it was obviously forked early in its history.

How to make /biz/ seethe:
Ask them to explain simply why crypto isn't a scam and why it provides value to society.

Most of them will just seethe, then continue trading crypto, ironically so they can "cash out" into actual value. i.e. fiat and then other assets.

>>29422777
yeah you can get rid of bitcoin but dont get rid of the rest.
Tired of that shitcoin.

>>29422611
And what happens when bitcoin reaches hyperinflation? What happens when the miners rig it against you? For the most part everything negative that can happen to the $ can happen to crypto.

>>29422934
stay poor faggot

>wrong
>wrong
>lmao
>correct
>wrong LMFAO
>correct, taxation is theft.

>>29422525

gold is an element, and every element has distinct properties.

bitcoin is built on a code base, which can be copied exactly. i can recreate bitcoin, and even make it so that all 21 million coins can be instantly mined, but i haven't created any value. if you could instantly create a supply of metal, equal to gold in amount and function, you would have created value.

>>29422627
Wrong. Inflation can hit every currency, even gold. Swap the word inflation for devaluation and watch how many answers you get as to why it can all devalue.

>>29421207
>>29421284
This. That being said though, some events are pre-determined and winners are known well in advanced. Is it possible BTC is one of them? That’s what Maxi’s and long term hodlers need to consider.

>>29421796
>attempts to avoid inflation by buying
>price of BTC drops 80%+ in the space of one year

kek
Stop bullshitting yourself. It's not a store of value, nor a hedge against inflation or risk.

>>29422348
Lets pour one out for Super Bitcoin
>anon is correct on store of value / energy though

>>29423037
I never said I won't take advantage of this pyramid scheme while it lasts. It'll probably get fucked by govt. intervention at some point though.

Unless govts. actually welcome it on a broad scale.

>>29423049
>not an argument
>not an argument
>not an argument
>smoothbrain admits defeat
>not an argument
>not an argument

>>29421012
Imagine thinking the goal of decentralization is to escape taxes.

Go look up early interviews of Elon talking about Tesla. New technology is often expensive at the start until optimization takes over.

https://twitter.com/teslaownersSV/status/1363663311376556035

>>29422960
well the current system has already done that so wtf are you trying to get at?
look at all the ridiculous market bubbles
you think this insane housing market is organic? because its not
and so you take my chances in your pathetic hypothetical against the real fucking nightmare ,youve vouched for, for every second of every day

>>29422198
How is Bitcoin fungible?
You either have one, or you don't. There are no counterfeits because you can just check the ledger.

>>29422281
a fork would need people actually buying it, retard.
BSV, BCH etc... are inferior trash which can never hope to flip BTC

>>29423326
they will have to
theyre seething because its capital being taken out of their shitty system and put into another that they havent rigged for themselves
theyre worried that this trend will continue and there is literally nothing they can do about it
theyd have to destroy the internet and make sure that it could never come back
theyd essentially have to return us to the stone age and risk destroying their rigged bullshit system with it
its hilarious really
these are their death throes

>>29423435
>and so I'll take my chances

>>29423729

adoption aside, why is BTC better than BCH? why is it 50x better?

>>29423435
The current system is faster, has a less chance of failing, and is backed by every single American enterprise, laborer, and the most advanced and powerful military in the history of the universe. If the money is fucked with, there are known people that can be held responsible.

It's not perfect but it's far better than something with virtually all of the flaws and none of the benefits of the system it believes it is better than.

>>29423978
Just about every major website in this capitalist economy has been hacked or ddossed. The military can't protect you from invisible enemies as evidenced by most of the wars lately.

>>29423396
You are always being taxed because taxes are just fees to run a system. If you have a real goal, go ahead and state it so it can be debunked. Optimization is a nice word to use to defend something, except you need to factor in that competition will optimize also. Which will be better?

>>29421609
>To poor to invest into real things
>Have fun seething on your shit exchanges
Pretty sure crypto has already produced enough millionairs to throw your entire backwards-ass logic over board

>>29423978
>If the money is fucked with, there are known people that can be held responsible
and yet they never are
i opt out

>>29424187
Nothing you just said made any coherent sense.

>>29423729
Yes but the fork in itself defeats the point of the currency and can cause inflation. Coin creation and a replication of the tech in itself is what creates inflation. Think of how much value was taken from btc simply by the fact that altcoins on other chains exist. What makes any coin special? NFT's may have the strongest argument and even then it's still weak. They are disney fucking dollars.

>>29421012
It will fail at some point, just like the US Dollar will.

>>29421421
hey anon. price prediction on bhs/kxplf?

>>29424469
>Yes but the fork in itself defeats the point of the currency and can cause inflation. Coin creation and a replication of the tech in itself is what creates inflation. Think of how much value was taken from btc simply by the fact that altcoins on other chains exist. What makes any coin special? NFT's may have the strongest argument and even then it's still weak. They are disney fucking dollars.
Look at the level of intellect of this faggot
If the fork isn't adopted it has no impact whatsoever, the people mining for that fork would be rewarded with nothing since it is not actually adopted.
The holders would be rewarded regardless on both forks, it literally cannot create inflation this way.
You're a nigger brained faggot, I guarantee you I made more money than your entire family on food themes BSC tokens.
Stay poor, nigger.

>>29424278
And I am one of them retard. The only difference is I am smart enough to know that you need to get out and put your gains into real things. When I look it over I've made more in private equity in a shorter time than crypto. There's a show you might've heard of called Shark Tank. I'll let you in on a hint.... there's a reason why those guys are investing in pe as opposed to crypto. Bigger gains in safer spaces.

They hate it because they can’t shave it.

>>29424153
The point is that it's still safer than the alternative.

>>29424342
he's saying that transaction fees are the same thing as taxes lol

>>29424342
That's probably because you have downs.

>>29424513
The dollar should've failed a long time ago but it didn't. There is literally a bloodthirsty team of people in Washington that will genocide millions of people just so they can keep its value.

>>29421012
>inefficient and slower than centralized finance
Only if you calculate efficiency by speed of money going to niggers
>bigger carbon footprint.
Literally nobody gives a fuck.
>is kept as a commodity now and no one uses it because they think it will moon to infinity.
How is that any of your fucking business?
>can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote.
I doubt this is true, but even if it was, I'd rather a bunch of random machines manipulate it than a handful of kikes.
>is still taxed by governments.
Only if you are stupid enough to declare it

TL;DR: You're a nigger.

>>29425065
OP niggerfaggot on suicide watch

>>29424686
Let me explain this in a way you can understand since deduction is something you lack.

If you have one apple and then magically make another one, you have two apples. As soon as there are more apples, the first one is worth less because of scarcity. It doesn't matter if it isn't apparent in the price at first, because it most likely will be. But what is apparent is the fact that value that the first apple would've had is immediately transferred into the second apple. This happens when more fruits exist too. Everyone that buys BSV is someone that would've bought BTC. Everyone that buys an alt coin is someone that would've bought BTC.
The only way BTC can hold value is to do something that the others can't..... which it can't.

You are a dumb faggot who lives in the middle of somewhere irrelevant and you probably have a hard drive full of memes. That alone confirms that you are a literal faggot.

>>29421012
Old woman Yellen at Bitcoin.

>>29421012
>- inefficient and slower than centralized finance.
by design to keep the blockchain manageable.
>- bigger carbon footprint.
(((carbon footprint)))
>- no protection for the user.
factually false, public/secret key encryption is secure.
>- is kept as a commodity now and no one uses it because they think it will moon to infinity.
true now, but a lot of hodlers are doing so in anticipation of fiat collapsing and for bitcoin to become the world standard
>- can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote.
false - for any miners to be able to singularly manipulate the blockchain they would need more computing power than everyone else on the network combined.
>- is still taxed by governments.
only if you're a retard

>>29424822
>doesn't know what taxes do lol

>>29424900
No, it's your writing style. You are trying to cover up your lack of understanding by giving vague statements. It's almost like you don't actually believe what you are typing and want us to convince you otherwise.

>>29421012
>bigger carbon footprint.
citation needed, and also who cares

>>29421012
This cunt looks like every generic old hag type of teacher in schools all around the country

>>29421012
>inefficient
I rekon banks waste more energy than BTC. Especially considering all the mining for precious metals and all the needless traveling of employees and especially bankers.
>slower than centralized finance
Only for small payments. Big transfers are way faster and cheaper than doing so through banks.
>no protection for the user
Banks don't protect the user either. Otherwise Indian scammers wouldn't make billions out of American and British old people.
>is kept as a commodity now and no one uses it because they think it will moon to infinity
Not entirely a lie. People keep it to protect their money from inflation.
>can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote
A large number of miners would have to be in cahoots to do this, which essentially is the same as voting.

In a by case, BTC can be forked by the community is such a thing ever happens.
>is still taxed by governments
Touché.

>>29425065
- you are an idiot.
- increases energy demand which factors into price of goods and taxes, but you didn't know this because you are retarded.
- it slows the economy and the point was it's used for nothing.
- who do you think will take over the "random" machines lol?
- all they have to is track the exchanges, hunt people down, subpoena, and make rules on property. eventually you have to cash out to buy something of actual value - which is when then catch you.

TLDR; You're a nigger faggot retard smoothbrain w.e. else offends you.

>>29425545
it's bullshit bitcoin has no carbon footprint.
coal and gas power plants have carbon footprint and it's fine if you slap a carbon tax on them. then bitcoin miners will use cheaper sustainable electricity.

>>29424187
Say an actual idea, what is this word salad

>>29421012
>- inefficient and slower than centralized finance.
Just by a bit.
>- bigger carbon footprint.
Thats bs, dyor.
>- no protection for the user.
For what? You would need to be hard retarded to fuck yourself up.
>- is kept as a commodity now and no one uses it because they think it will moon to infinity.
Cant really disagree, except for saying thats its used as inflation hedge just like gold.
>- can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote.
That also bs, dyor.
>- is still taxed by governments.
True. Fuck the gov.
>Why is it better than fiat?
I would rather ask:
>why js it better than gold?
dyor

>>29425521
Lol you talk about a lack of understanding while you have yet to negate any point I've made. Running from an argument and using ad hominem is how you cover up your own lack of understanding.

>>29425545
More lighting bolt usage = more coal.

>>29426160
Arguing with you would be useless as you just keep repeating the same thing while standing on the same hill. You've posted 24 times so far and have said nothing more than what you wrote in the OP.

>>29425985
why did I even put effort in replying.
Your piously peter schiff or a dick sucking nigger tranny.

>increases energy demand blah blah...
dyor you gay faggot btc energy consumption uses 80% green energy which gives these companies revenue to strengthen their infrastructure and utilize even more green energy.
Also this energy would otherwise not even get used because btc can be mined in the middle of fuck nowhere and would basically be wasted resources

>>29426229
except for the fact that btc barely uses fossil energy sources

>>29422934
The value is ideally it can't be manipulated. The downside is it can't be manipulated.

>>29426160
you are absolutely btfo nigga wtf are you talking about?
also there are countries that don't even tax crypto gains. portugal is one example.

>>29425397
Its amazing how retarded you are
This dude literally does not understand the basics of blockchain and how forking works despite 2017
My literal nephew that's 5 years old has a better understanding than you
Nigger brained faggot, you should unironically kill yoursel with that IQ
You were born to be poor and wageslave for us

>>29426580
nocoiners can't keep their sanity without massive amount of seething. that's all.

>>29425678
- It's more so about scale. BTC wastes more energy.
- Not true. Clearance is lighting fast once your bank knows the transaction is legit. I am a billionaire and know this. The Fed does it in seconds.
- Banks have fraud depts and refund bad purchases.
***
- If it's forked, BTC devalues no matter how you look at it. Read the apple example above.
***

It's simple, which would you rather have stashed in a safe place whilst you were in a 5 year coma?

$50k or 1BTC

Which has more spending power in 2026?

Place your bets accordingly.

>>29426704
fucking kek larp detected

>>29426129
- by a lot
- Not bs
- Buy a bad item have your shit stolen... let's see you get justice.
- gold is a real hedge, btc is a theoretical hedge
- Not bs

>>29426393
>muh argues would win becuz I sez so!
You already lost lol.

>>29426704
we have practically unlimited amount of energy from the sun which is a great fusion reactor basically. it's energy output is 3.8*10^26 W... there is no problem.

>>29426704
bitcoin had like a 100 forks over the years btw so it has been devalued a 100 times and still outperforms all other asset classes. funny that.

>>29426704
>BTC wastes more energy
No, it doesn't. BTC does not waste more energy or pollute more than bank servers, offices or even banker's cars.
>Not true. Clearance is lighting fast once your bank knows the transaction is legit. I am a billionaire and know this.
Yeah? Prove it. Send me a half a million both ways, let's see which one arrives first. :^)
>If it's forked, BTC devalues no matter how you look at it.
Not if the fork is done to protect users from malicious miners taking over the nodes.

>>29425985
>- increases energy demand which factors into price of goods and taxes, but you didn't know this because you are retarded.
What the fuck are you talking about? Who cares? I thought people pay for the energy the consume, what sort of world are you living in?
>- it slows the economy and the point was it's used for nothing.
Regulation and subsidising niggers like you replicating does that, BTC is merely a way of storing value in a world where currency value is dropping faster than a jew in a gas chamber.
>- who do you think will take over the "random" machines lol?
Due to the massive ratio needed to sway anything, I doubt a bunch of kikes will get their grubby hands on it.
>- all they have to is track the exchanges, hunt people down, subpoena, and make rules on property. eventually you have to cash out to buy something of actual value - which is when then catch you.
You can cash out without all of that overhead and you can have multiple wallets and transfer between them.

I genuinely don't understand how niggers like you can't just mind their own business. BTC is a value store, that's it, I really don't want to share any of mine with any nigger and no, I won't pay for your "keeds". I am afraid that, if it was up to me, little Chanel and Taquan would starve to death.

Walked out of a gas station yesterday, saw a handful of dollar bills blowing in the wind. Refused to waste the energy of bending over for them. Most would seriously consider sucking a niggers dick for 1 bitcoin. All currency is based on the value thats agreed upon. Most agree a dollar is more worthless than the paper it wastes to print a single one. All currency is a ponzi.

>>29427020
you don't even have any arguments dude just spread the same bullshit nouriel roubini raves about

Thinking about it BTC could probably price people out of electricity, creating an even bigger wealth gap.

>>29427174
Well duh?
Stay in shape mentally and physically. Have fun. Life is a ponzi. Human enjoyment itself is a ponzi.

>>29426483
Lmao. No it doesn't you fucking idiot. It uses even more energy than the banking system on scale. It ruins the environment more and raises cost of living for something that can be done more efficiently. Companies need low energy costs to innovate. Crypto ruins that.

You put in effort because this message board is your life because you are a no life faggot.

>>29421012
Coming from a no-coiner I can see without a doubt BTC will keep going up because of people like you. You wouldn't be trying so hard to discredit it if it truly isn't of any interest to you. I mean after all it'll fail on its own, right? So why waste your effort?

That or you're a reverse shill. Either way the msm has made it blatantly obvious it'll pump long term.

t. No-coiner.

>>29427365
>Companies need low energy costs to innovate. Crypto ruins that.
power plants need high energy price to be profitable and the higher the price the more we can build.

>>29427365
>It ruins the environment
This nigger actually believe in the atmospheric jew.

>>29421012
Bitcoin has already been subverted by banks. Think about it logically...

>development funded by bankers
>scaling completely suppressed
>dissenting voices about scaling censored
>ability to do payments completely removed
>proposed solution to the payment problem they created is banking
>merchant adoption has declined for five straight years
>scripting abilities removed
>no Bitcoin apps can be developed because of this
>taxed to oblivion

I could go on. The dream of a decentralized hard money is over.

They're inflating fiat driving up the prices of everything. BTC is no escape because most of you keep it on an exchange that will be seized and those of you who don't won't be able to afford transactions.

Welcome to Communist hell. Just remember /biz/, its the kikes. Hitler was Wright and so is Craig.

>>29426580
You and your gay nephew you molest don't understand basic economics because you were both born to be poorfag welfare retards.

The fact that you can't grasp the simple concept that something is less valuable when there is another version of it is the funniest fucking thing on this thread. Kill yourself you poor tranny brained faggot.

#1. What so you mean by inefficient? How long would it take for you to send someone in Japan money they can immediately use without using cryptocurrency?
#2. See picture.
#3. What is BTC supposed to protect me from when I have it in a cold storage? Assassins?
#4. BTC is a should be thought up as a tool. Ignorant people like OP probably don't realize you can pay off mortgages with Bitcoin, among other lesser known features.
#5. Miners don't control the price, if anything the amount mined does.
#6. What isn't taxed by the government?

As a left leaning person, that old boomer bitch shouldn't be talking about shit she obviously doesn't understand.

>>29421012
- yep, you can send wire transfers over the weekend, can't you?
- yep, not like the physical infrastructure of traditional banking, gigantic networks and people capital is worth anything
- right, not like Monero exists
- right, it's cheaper to Western Union money across the world for 3x the cost
- yes, take over a currency and tank it when you own most of it, genius
- right, non-KYC exchanges are literally non-existant

>>29427104
It's outperforming because it's probably a pnd and is still susceptible to the inflation it claims to be protected from. To help you clowns out... explain why BTC is more valuable than other coins. I'll give you a hint. It's not because they all virtually use the same tech and code(in the macro.)

>>29427887
I just woke up, sorry about the grammar errors. I promise I don't live in a mudhut.

>>29428055
>It's outperforming because it's probably a pnd
that's primo nocoiner cope
in reality it's outperforming everything because it's durably unique and truly limited in supply.

bitcoin won't fail, because crypto will not fail. it's pretty simple, once you understand that bitcoin represents all the early adopters of the tech, you'll get it. even if bitcoin is slow as fuck, all of crypto is compatible through it's technology. thanks to LINK and some others

>>29427115
- scale wise it does.
- when you transfer after approval it takes 5 seconds to send any amount.
- as soon as there is a split there is a devalue due to opportunity cost(basic concept.)

>>29421012
-not necessarily true. accounts in finance take up to days to settle. the reason why it appears fast is because capital is tied up providing liquidity
-true
-true, same way cash has no protection from the user, you can however store cash at a bank
-somewhat true
-not true, nobody can manipulate the underlying code, there will only be 21million bitcoins ever.
-true, not a bad thing.

i personally don't think it's 'better' in everyway. it has advantages and disadvantages.

>>29428055
Sounds like you're upset your Roth IRA isn't keeping up with the cryptocurrency boom. Look at all the companies that are adopting it. Why don't you embrace it?

If you honestly think bitcoin is a pnd, you obviously don't understand how cryptocurrency works and you need to educate yourself. If you don't then that's your fault, you're going to miss out on serious gains.

>>29427127
- the point is that it's worse because it ruins the planet and increases cost of living and doing business
- regulation is something aside from currency. compare system to system.
- They are already doing it. Taking over the mining market is easier than taking over any other industry. From there they can force you on their system without you knowing.
- You can't cashout without them finding you. Buy a million dollar house with crypto and see what happens.

Find a new value store. When your coin can be replicated easily, it has no real value.

>>29427196
*Makes several arguments.
>u hAv nO arGuMeNts
>says nothing, loses again, complains like a bitch.

>>29428736
you made none you are just parroting the bullshit of the banker jew

To any anon that might open this thread : this is unironically peak midwit the thread
Go back or be ready to lose brain cells

>>29421328
Cringe insult

>>29427407
The point is that crypto might only be just that and nothing more. A pump at worst, disney dollars at best.

>>29427556
Wrong retard, energy companies don't build the future, companies that use their energy do. Tesla builds the future not BP.

>>29421012
>not true
>who cares? A bitcoin farm is less than a 200 story building filled with humans if we compare that
>what is bank robbery? at least I can hold at my own risk, something I cant with banks, I have to buy insurance
>not true, you have no proof other than anecdotes
>not true, are you stupid?
>thats governments fault, it shoundt

>>29428632
>- the point is that it's worse because it ruins the planet and increases cost of living and doing business
I do believe we are speaking on different frequencies, I don't buy the atmospheric jew. It's been snowing in Spain, the only country in Europe that has a desert in it, as well as Texas, I suppose if that won't change your mind nothing will.
>- regulation is something aside from currency. compare system to system.
Not when it's regulation about currency, for example, you can't set interest rates for BTC.
>- They are already doing it. Taking over the mining market is easier than taking over any other industry. From there they can force you on their system without you knowing.
If they were, all of those kikes at the IMF and central banks wouldn't be kvetching about crypto.
>- You can't cashout without them finding you. Buy a million dollar house with crypto and see what happens.
I doubt anyone wants to trade rapidly appreciating assets with depreciating assets, which is why everyone is keeping their crypto, but say I would do that, I have seen quite a few drug dealers do it with minimal, and very smooth brained, money laundering solutions.
Mandatory nigger video to explain the disdain I have for your people.

>>29422024

>Gage

Literal retard

>>29427755
Someone explain the points this anon said. Isn't it strange that all that progress has been halted?

>>29427887
1- 5 seconds after approval.
2 - Scaling defeats picture.
3 - lose your drive, no one will help you. crypto drops to 0, the government will not step into help you.
4 - People pay off their mortgages with cash too. Far less features and backing than usd.
5 - Miners do. They can slow it down or essentially clone it without repercussion. They can be replaced without you knowing. It's far easier and cheaper to game the system.

Left leaning? WHY?!

>>29428911
can't have one without the other.

>>29427925
- poorfag detected. You don't use wire transfers for large amounts. 5 seconds.
- scaling.
- your monero gets stolen by expert thieves. let's see the monero detectives pursue the case or the monero bank reimburse you and eat the cost.
- you are confused.
- what if the miners own more of another currency genius and want to suppress competing ones?
- you will have to get out to buy real things at some point.

>>>muh carbon footprint

What a cunt. We should have mandatory blackouts in all major cities after 10pm then.

>>29425490
>>29425065
>Don't declare it

You retards actually think you can get away from the tax man. It's obvious you're too retarded to know why you do not fuck with the tax department. They can literally see into whatever they want in order to see if you owe them. And all it takes is one jelous nigger to tip them off for you to get fucked.

>>29428121
>durably unique.
Nope.
>limited
Depends how you look at it. The fact that it isn't unique means it is not limited. A dollar has unique features because it is backed by unique things other currencies aren't.

What makes one coin more special than the other is very little. That's why I stated NFT's are probably the best bet and even then... disney dollars.

>>29429899
>Nope.
you can't just make an other bitcoin many have tried. you end up making an other shitcoin.
you got years to go before you understand bitcoin.

>>29428583
Let me make it clear that I am essentially on your side. The only difference is I and some of us agree that it is a pnd with no real value behind it to justify the price. You people are worse than teslafags because teslafags actually have an argument.

You do not understand how cryptocurrency works if you don't realize that all cryptocurrency is virtually the same in regards to the tech and code behind them. The concept you people don't get is that when those things can be replicated easily, the whole asset class loses value.

>>29430110
>a pnd with no real value behind it to justify the price
sounds like you got schiffed

>>29421012
Is there any doubt that the Biden/Harris administration is not going to put some carbon related tax on minable crypto currencies like Bitcoin for the massive energy sink they represent? Does anyone for a second doubt this? I'm not saying people won't make money in the meanwhile.

>>29428423
1 - The transaction is still faster.
-
3 - Banks and Government help protect their customers cash.
-
5 - I refer back to the apple example. The underlying code is irrelevant when a coin with virtually the same tech and code pops up. It's just btc with another name.

>>29421012
cuz its a psyop to make gen Xers think its a revolution to transfer wealth from boomers and some kind of revolutionary hard money but actually its a str8 up davos project that furthers globalism by making it easier to astroturf and fund coups and leads to natural offshoring which will destroy the north american economy just like klaus shwab predicted and foretold retards be cheering for the end up national fiat when the fiat USD cold war is the only thing stopping the next accelerated globalism, superblocs etc

>>29430282
why put carbon tax on the user instead of the one doing the emission? makes no sense.
that's like putting carbon tax on teslas.

>>29429839
>You retards actually think you can get away from the tax man.
I think that is a reasonable expectation. There are people who get away with murder, I'm pretty sure everyone who works for the government is basically retarded.

>>29428794
>muh anons midwits trannies anime pictures other terms econ and tech illiterate basement dwelling retards use.

Thanks for the non argument you dumb anime faggot.

>>29430349
btw for anyone who thinks BTC is sticking it to the man it literally only minorly disrupts legacy finance and probably just makes it so naive upper management boomers are priced out and maybe even lose their retirement funds, literally the only large institution it will affect is the BIS.

>>29430443
already drafts to pay taxes in crypto nbd youll be paying tax in BTC and eth soon depending on where you live especially cucked nato/nato occupied countries

>>29428918
All you said has been refuted above silkbrain.

>>29430358
>makes no sense
It makes sense in that they want to regulate it, and the vast energy now required to verify transactions is how they do so and look like they're taking the moral high ground.

Also, if you're trading currency that transaction is being mined somewhere, so it's not that farfetched anyhow.

>>29429064
Still smarter than you.

>>29430563
coping is not refuting
you are just trying to calm your own nerves for missing the golden bullrun and sitting on your hands while everyone gets rich.

>>29430611
yup nocoiner policy makers pushing narrative that BTC is huge environmental disaster when infrastructure for upkeeping fiat is about the same lol

>>29430611
it's completely far fetched as you have no clue what power source the miner has that makes the block of mints the coin.
many miners run their own solar or hydro farm.

wow Anon, just checked back to see whats happening in your smooth brained thread and it appears that you have convinced approximately no one with your hairbrained arguments
the fact that you are still here arguing like a retard is entertaining tho
stay poor

>>29430788
>>29430755
checked and checked.
All of that is true, but I'm just saying Yellen is going to attempt some sort of attack and this is likely the way it will be framed. They will do it wholesale probably, and incorporate even my precious stack of IDIOTA in their raid. I literally want a fucking shack in the woods with a root cellar. That is all. But the odds these people will allow me that are winnowing away.

>>29429013
- They make it seem worse than it is, but it is real.
- What currency loses in interest rates, btc still outweighs that loss in replication and fluidity
- Good cop bad cop. Read what the other anon said about suppression on this thread. Banking is behind a lot of btc success but at the same time is suppressing major progress for a reason. They are obtaining monopoly.
- Funny because the people you hate are known for living outside of established systems. , like the dealers you champion you dumb spic. If you ever make real gains, you will want to buy property and security. That means cashing out and into a secure system.

>>29430102
When bitcoin forks it does make another bitcoin. You have years to do before you understand that the differences between ETH tech and code are in the macro, miniscule.

This has been stated earlier. Which is why I ask, what is it that truly make BTC different than other crypto?

>>29430349
Read this anon's comment.

>>29432378
>When bitcoin forks it does make another bitcoin.
only a clueless moron would say that

Between here and twitter there is an apocalypse amount of disinformation roaming around. Damn

>>29430666
Except I'm in on the bull run and want to know why so many others are retards. You can't separate points from copes because you are stupid plain and simple lol.

>>29432605
yeah we are being swamped by idiotic newfags

>>29432671
no you are just coping and larpig
it's what nocoiners do to deal with their cognitive dissonance.

What is the counter to the energy argument. As well as the fact that as BTC etc becomes scarce less people will mine/validate and maybe there will be less and less nodes meaning it can be exploited?

>>29430950
Oh you mean the smooth brain thread where hundreds of retards failed to make one legitimate point and failed to grasp the logic thrown at them? Thanks for dropping by to support your fellow retards smoothbrain poor fag. I'll let you get back to your poorfag biz browsing life.

>>29423587
That's not what fungible means. Fungible means the ability to trade it for other things easily. That being said, fiat should be an A+ on fungibility and bitcoin more like a C.

>>29432580
Only a clueless moron would fail to realize that there is no real difference between them. I use the word real in regards to the macro.

>>29432754
>nuh uh u r cOpE n laRpiG
Lol nope. Top 20% faggot. While you faggots sit here and argue about whether to spend your stimmies on link and dot, I bought in at next to nothing and already have tangible things from it. 95% of biz are latefags and poorfags who can't even write a line of code and are just looking for gains because they lack the mental faculty to understand the technology and potential behind the coins. Keep coping and seething chink.

>>29433249
i don't know what the fuck you are babbling about but unless you have bitcoin in a wallet you control you are a nocoiner.

>>29421390
You're naive if you think most of the crypto isn't controlled by them and will be mainly under their control in the future.
They have majority stake in basically every platform and most of the coins and projects being made right now which hold any substantial value. Even the investors like Mark Cuban, Mark Zuckerberg and others are getting into it. Not to mention most of crypto startups are owned and funded by the Jews. Just go to the Silicone valley and see it for yourself or how much stake Israel has in the crypto market.

>>29433628
You literally read that comment and then made that reply. You are a nocoiner larper. Get lost you dumb faggot.

>>29433789
Wait until he finds out how all the retirement accounts have already made deals to get into all the new crypto etf's run by...

>>29433893
trying to project now? how pathetic.
your shitcoins suck ass and thats why you ate mad. this is now obvious.

>>29427127
I've seen this webm a few times but never noticed that he immediately reaches for the cop's gun after being tackled.

>>29423113

Nice to see some folks getting this point. "Digital Scarcity" is bullshit. Nothing digital is scarce by definition. Code can and will be (and already has been) copied and iterated and improved upon endlessly. Network effects in tech flow too easily from one protocol to the next fork or clone, it ain't a guarantee like the number of protons in an atom.

Hence, comparisons against commodity money such as gold are misguided. Utility should be the watch-word for crypto to have a legitimate case. No utility that Bitcoin provides is scarce, or really even that impressive anymore compared to the numerous alternatives.

No, the primary competition of crypto which it needs to outperform in utility is fiat money like the dollar. Some cryptos can already do this for some use cases. Hence, people actually fucking USE them as currencies.

This is exactly the same mechanics as those which inflated the dotcom bubble. Speculators have a sense that the sector holds value and are mindless bidding every ticker up, and there is value, but we're a long way from the market sorting out the difference between pets.com and amazon.

>>29421012
everything is a scam anon

>>29421012
BSV is the new BTC

It isn't controlled by *them*

>>29434146
What are you fucking retarded? I am the opposite of what you said you dumb faggot. KYS.

>>29427755
Spot on, the best you can do is to adapt for the new reality.

>>29435602
Some say BSV is actually real bitcoin and BTC has become a scam.

>>29421631
Yep. Bitcoin does not give fucks about anything or anyone’s opinion.

>>29435699
How do you know they didn't just buy 90% of btc when it was cheap and aren't going to hyperinflate the value of this too?

>>29434952
bitcoin actually has a good chance of becoming a settlement standard, BTC is kind of like a legacy chain/collectors item because it basically was the discovery of abstract scarcity, its tech doesnt really matter at all if people agree to use it as a settlement standard it will be a settlement standard, if you own bitcoin you own the forks of it but the forks so BTC core is still more valuable the other ones are mostly illiquid/washtraded and narratives are created to fleece retail and apes
bitcoin is actually a scare asset, and based on half finneys prediction and the adoption its gotten it would be pretty smart to at least hedge 1-10% as well as ethereum (is the most trusted settlment layer for large amounts 8-9 figures), cosmos, solana, compound, aave, thorchain etc, why? because these things are basically primitives that will end up being back ends for traditional finance to stay relevant and offer higher yields to boomers/normies

>>29421012
>can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote


yep. "decentralized" my balls.

>>29436100
typo BTC is scarce lol ETH is useful as a high security settlement layer for a variety of wrapped assets/protocols and
its not a bad idea to invest in cosmos/tendermint projects , solana because they actually have a good chance of being used for point of sale systems.

>>29434952
This anon gets it. To add onto this, bitcoin may not even be crypto's amazon. The amazon coin might literally be a coin created by amazon. The government backed private sector is what might very well end up creating the future coin. Everyone who's smart who is betting on bitcoin is hoping that it gets adopted by the very people who might want to create a competing currency.

The goyim know!

>>29436331
fantom too its being used by defi mafia types like crojne so if hes using it probably more will too
the thing is youre investing in primitives that have nonzero chances of being used and they can be integrated into legacy systems
t. early adopter, tradfi bro, and i know some pretty big solidity devs dont get fudded its still early but also dont be stupid and be like 99% if you dont understand this asset class very well (you would be in 7 figures at least if you did)
also dont get chipped/tokenized mark of the beast

>>29430443
They don't care if we kill each other. They care about their money. People richer and more powerful than the idiots larping here have been screwed before. Tax man always gets his money.

>>29436299
So what's the solution. What can't be manipulated by miners?

>>29436672
you sound like you know your stuff, what coins are you into for good short-med term investment, as well as long term holds?

>>29436100

Well... the idea of a decentralized ledger solving an issue of trust in settlements between sovereigns make a lot of sense, since that's the realm where there's not any easy remedy for fraud. No court can order party A to refund party B when both of them have nukes.

Is it possible Bitcoin may serve that purpose? Yes it is, but I think it's unlikely that the IMF or central banks are going to use an existing protocol with tokens already privately held, when they can just make their own. Even if there's tech out there that they want, I think they'll just fork it, modify it so they have total control and call it the "neo-SDR", or Bancor, like Keynes wanted.

>>29436331
also to clarify i dont mean u have to invest directly in cosmos but things built on it like luna is very good, good enough that softbank is acquiring a certain company using it for point of sale in korea very soon japan could be integrated into suica

>>29436338
>creat a company that competes that takes crypto.

>>29434952
Yeah there are only two projects that have achieved real world use, bitcoin being one of them previously because it was the first crypto. Like you said though, it has now been superseded.

The current crypto market is incredibly immature though so we'll see tons of bubble like speculation for the foreseeable future.

>>29421012
what does sex with a hobbit feel like?

>>29421012
>- inefficient and slower than centralized finance.
This is bullshit. Have you ever tried to wire some money from one bank to another? That shit could take days. Besides, there are other forks and cryptos out there that solve the inefficency issue.
>- bigger carbon footprint.
Solved with other cryptos
>- no protection for the user.
Good. People should be responsible for their own shit.
>- is kept as a commodity now and no one uses it because they think it will moon to infinity.
Whats the problem with that? You can easily swap BTC for another crypto that is much better for day to day use.
>- can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote.
lol, fuck no
>- is still taxed by governments.
This is bullshit. There better be riots in the streets if crypto ever reaches mass adoption.

>>29437243
i only do longterm
BTC, ETH, thorchain, luna, cosmos solana, aave are my main bags that i think will be very big i dont have any short term recommendations to be honest i just got in these projects early so im not sure if u want like explosive gains

heard tsuki might be good havent looked into much yet tho

>>29437284
token not needed is a possible scenario i just really doubt it i actually think they will use something like bitcoin, and it can exist along with the SDR ratio without much problems, nocoiner countries will be on an SDR ratio after "debt forgiveness" when they start feeling the affects of coronana on their fake economies that died 20 years ago desu and yup you guessed it, that debt forgiveness comes with extreme austerity measures that the IMF will decide like health passports, environmental agenda 21/30 stuff all kind of weird social justice issues. i can also see weird autonomous crypto city zones popping up like weird cult epcot zones lmao

>>29438227
no joke people like chamath and elon will put their bitcoin into city balance sheets and youll have these weirdo epcot themed cities sounds retarded but its a possibility ultimately no one knows but you can bet on probabilities and ive hedged accordingly

>>29430788
Why would you think that matters to them? What’s one more lie on the climate grift pile?

>>29437721
Maybe what you use.
Nope.
If you get robbed no one will help you, so it's a worse scenario.
It was supposed to be a currency. As a commodity it's literally code and tech that can be replicated.
lol fuck yes.
When you want to live on government land and be under government nuclear net you will be taxed one way or another.

>>29437780
Singularity.

>>29437243
Singularity lth.

>>29437780
Thanks. Where do you get your news/info from. Sounds like you got in real early on stuff which is good.

>>29437284
but actually my personal thesis for why bitcoin/crypto will succeed is actually a wealth transfer is a form of placation as ppl earliest in crypto are the most autistic/politically aware, skilled devs aka actors with agency, ppl who opted in as a form of resistance to the legacy system, guess what happens when you put these ppl in the top 1-5% of society? they become complacent and mollified and they have the means to just check out of society and can go live in their bitcoin future punk city with elon or in some small eastern european town whatever they want based on personal sensibilities lmao classic chicken in every pot, its really hard to give up the cozy lifestyle for martyrdom so theres goes a very large problematic faction of society

>>29439487
What's that, AGI?

>>29439422
i do hold chainlink and the graph btw theyre not just memes grt is very useful for devs but im not sure how good the tokenomics are yet just a speculative buy 4ID is real

>>29439801
This makes sense. I think there's an end-game to everything, and it does fall in line with other clear actions to gain control. They can certainly still maintain higher social posititions of influence due to being rich, however, they are less motivated to really do gamechanging things that completely change the system.

>>29421809
>>29421951
He's technically correct: a 51% entity could just push a fork with a new MCAP but it'd tank faith in the coin

IR*
>>29439668
im a tradfi bro but if you want good info on the directions of society jay dyer/primal edge health do good social commentary

mostly interacting with devs, lurking twitter but no joke you can find good stuff on masarri and bloomberg galaxy lmfaoooo literally boomer tier but better alpha than here a lot of the time

>>29439804
Yes.

>>29440119
would read writing of St. Paisious and Father seraphim rose in these times as well. truly prophetic. anyway peace guys.

>>29421166
Don't have to justify any of it to you faggot or this kike witch. Enjoy your toilet paper dollars.