/biz/ - Business & Finance

Because it has no intrinsic value

Normies will like what their masters want them to like

they know its tech that fell victim to ponzification and therefor completely dismiss the tech and will likely oppose attempts to introduce blockchain tech in everyday life

The store of value narrative is boring, nerdy, and not exciting.

>>52519491
>trust the experts
>this guy you've never heard of is totally an expert

>>52519491
>my electrons are more special than your electrons
no one fucking cares dumbass
it's all a big scam and it's not what satoshi wanted

>>52519491
Why would anyone hate a 1000+ useless shitcoins tanktokens and associated businesses ran Pakis, Poos, Jews, Chinks, and Russian twinks rugging millions of retards out of hard earned money.

>>52519491
Because it is literally worthless. Actually scratch that it is even worse. It is parasitic. I personally cant imagine a more worthless and useless creation. Nothing is as useless as crypto. And i mean NOTHING. There is no other way to waste energy as "efficiently" as using crypto. Crypto basically takes energy from the real world(via fossil fuels) and transfers it to a simulation thus MAXIMUM waste. No other energy transfer is as wasteful as crypto. Even if you take a whole forest and just burn it for no reason the reaction is still contained within the physical world. Only through crypto you can transfer some energy to a simulation thus technically "erasing" it(energy is never lost, just in this case it is transfered to the most alien and useless place possible thus for all intent and purposes we can consider it erased)

>>52519491
>an expert
Surely we have arrived at a point where even normies know this means something along the lines of 'guy with an agenda' or 'no-one in particular'.

>>52519565
You'd be surprised man. They're denser than a neutron star.

>>52519491
Normies approach topics they don't understand via emotion and instinct. Because that's what we all do. It's what our brains have learned to do back when everyday life was much simpler and it is what we still instinctively do today, even if it doesn't serve us all that well anymore. So when normies look at Bitcoin and are confused by it, they then just look further and see all the weirdos it attracts and the scams associated with it. And so their gut feeling tells them that it is something to avoid. Guilt by association.

tl:dr they hate crypto because they hate you

>>52519583
And it's not just normies. My brother works in a big consulting firm and he's a CNN/BBC slurper who askes no questions, and so is everyone around him. If anything he became more and more normie the higher up the ranks he climbed. And I know he's not putting on a show because he's my brother and we talk.

/r/neoliberal hates it and thinks that it should be banned.

>>52519642
>neoliberal
>wants something they don't like banned
peak reddit

>>52519671
It's a good subreddit for ragebait. It's probably the most stale ideology in existence. They basically view the world as a Marvel movie.

>>52519642
Neoliberalism is realistically economic satanism at this point.

>>52519498
Name one (1) currency that has intrinsic value

Sour grapes about missing out

>>52519787
>Understands money is useless and parasitic
>Hates communism with a burning passion

Peak 4chan

>>52519509
Luckily nobody asks them

>>52519491
https://www.schneier.com/blog/archives/2022/06/on-the-dangers-of-cryptocurrencies-and-the-uselessness-of-blockchain.html
>To me, the problem isn’t that blockchain systems can be made slightly less awful than they are today. The problem is that they don’t do anything their proponents claim they do. In some very important ways, they’re not secure. They don’t replace trust with code; in fact, in many ways they are far less trustworthy than non-blockchain systems. They’re not decentralized, and their inevitable centralization is harmful because it’s largely emergent and ill-defined. They still have trusted intermediaries, often with more power and less oversight than non-blockchain systems. They still require governance. They still require regulation. (These things are what I wrote about here.) The problem with blockchain is that it’s not an improvement to any system—and often makes things worse

>>52519787

Crypto is a speculative asset, not a currency. Even though you wont want to admit it, the latter one is something that is backed up by governments and banks (unlike the crypto). Also a real usable currency is something that has somewhat stable price, and isnt a volatile piece of shit. Now what does it mean then when you buy crypto? It means that when you buy crypto, you're buying something that you hope increases in value (i.e. a speculative asset). Unlike other speculative assets, crypto is basically just bunch of bits floating through the ether, so when you buy crypto you're literally buying nothing when looking from real life perspective.

>>52519787
gold, which is why it was (((demonetized)))

>>52519943
when you buy BTC, you're buying a claim on a limited quantity of data, backed by relatively strong asymmetric encryption, whose ownership history is tracked on a distributed, immutable ledger

get with the times, boomer

>>52519925
namecoin was legit

>>52520017
>was

>>52519491
Because lack of predictability hurts their fee fees and gives them le anxiety

>>52519491

My dollars might be inflating because of Joe Biden but not to this extent.

>>52519491
Have you ever considered that YOU are the normie, chasing after your generation's tulip mania?
>>52519557
Very well said. I will add that the notion that we can build a system that requires 0 trust is laughable. For as long as there is more than 1 biological human in this world, trust is a necessity. Crypto is a worthless utopia that will never translate into reality, just like communism. What we need is a system where high trust is cherished, breaking of trust punished with ruthless brutality. Bad actors like sbf should be getting their eyes extracted by the state and put in an oven, all of it on a livestream so everyone else can see what happens to his kind. That way we have a high trust society that actually works. Heil Hitler.

>>52519943
Justr because you look at all the price charts with the USD on the x axis doesn't mean its a stable asset retard
also forex is a thing

>>52519491
>why people hate btc maxis
>oh, thats why

>>52520034
i mean it still IS legit, being the first and still probably best IRL implementation of blockchain tech (uncensorable, distributed DNS resolving)

the sad truth is that meme coins like doge coin and whatever random poo tokens a billion shitters are currently shilling, get all the play in the minds of normies

one of my retard normie friends now thinks "all crypto is a scam" because he wasted money on vaporware like cardano and shibu inu coins, or whatever the bullshit of the day was a couple years ago

>>52520006
My hard drive has a limited quantity of data, is backed by relatively strong encryption and I guess we could come up with a ledger or whatever rocks your boat.
That will be 100k but only until eoy. Buy now before it's too late.

>>52520097
brb dropping my net worth on your hentai collection
correct in theory

>>52520076

As I said "somewhat stable". USD is still magnitudes more stable than any crypto to date.

Because they bought the top and lost money from the subsequent bear market that followed. Normies can't comprehend losing money to investments, and no matter how many times they tell themselves otherwise, they truly do seek "get rich quick". Also keep in mind that the average normie has the attention span the size of a pea, so of course they'll hate crypto (for now) because of the bear market.

>>52519491
because thats what the media is telling them to think. theyll jump back in next bullrun

>>52520058
your dollars have been deflating since january. M0 took one of the biggest hits in history

>>52519491
Normies hate whatever they’re told to hate. They don’t like deviating from the pack, they’re typically dogmatic liberal types or dogmatic religious types. You have to be able to look at something and form your own position on it to be able to see some positives in crypto at the very least. People who get irrationally angry and act like it can never do anything are retarded sheep.

>>52521751
This. Nocoiners fall into two camps: deranged goldbug preppers who think we'll soon go back to using rocks as money, and the most adherent Current Thing loyalists who are so conditioned that they will unquestioningly believe whatever the "experts" tell them to believe and become enraged at anyone who doesn't buy into their dogma

>>52519843
> thinks his worthless ass would somehow be more productive if he were paid even less

Because they missed out every time when the "Bitcoin is pumping" news near ATH on traditional media hit and have a deep jealousy and hatred for people who made money with crypto. Events like these are a good cope mechanism to go on and say "HA, TOLD YOU CRYPTO IS A SCAM! I AM VERY SMART TO NEVER GOT INTO IT!".

>>52519491
Honestly? It's because you faggots are fucking insufferable when the number is going up, and colossal crybabies when it's going down.

Oh and trying to talk my boomer parents into buying at the peak. Fuck off. They're old, let them retire in peace.

>>52519787
ammo

Oh also I have some friends who're really into crypto. I never bought in, and to be fair, for a while, I looked like a retard and they looked really smart.

But none of them fucking took any profits. Just pure mindless retarded greed.
>omg btc go brrrr i'm gonna be rich
>never sell even when massively up
>talk about DCAing down for months after last november
Now they don't talk about it at all.

All the smart people in crypto bought low, sold high, and bailed. I'm like 99% sure everyone still harping is a massive bag holder

>>52519491
midwits + jealousy + they like the current system

Normies dont want decentralization. They want strong governments and corporations taking care of them.

>>52522110
How repulsive.

>>52519491
Because they were told to. The people who think men can get pregnant all arrived at the same conclusion at the same time. They don’t have a single thought that is their own. This makes watching humanity fall apart feel less devastating for sure.

>>52519491
>Why do normies hate crypto so much?

Because they are not insane and clearly see that it a Ponzi scheme.

>>52519491
most people hate anything digital

they associate btc with pedo/drugs and scams

it's too volatile

they're too dumb to use the tools, they don't know how to buy it, how to trade it for other things, how to send it between different accounts, what a seedphrase is, what a hot/cold wallet is. etc. etc.

all these latent beliefs just get reinforced by media and small talk with their friends.

>>52522590
Normies are the true geniuses. It's us who are dumb.

>>52520006
Gold does not have intrinsic value

>>52520060
>Implying the state can regulate itself and bad actors put in place to prop up regulation will dissapear
Just look at who put Bankman Fraud in place. The ones on top in the legacy system.

>>52522590
"i wouldnt buy all the dollar for 25€, It has no value"

the absolute state of boomer mind

>>52519491
Few understand

>>52523184

He is a self-made billionaire, he has made his clients enormously wealthy.

Bitcoin has ruined literally millions of people's financial life with their moronic belief that holding Bitcoin will magically make them rich.

>>52520051
Maybe normie found it hard to use a DEX or self-custody wallet and gave up so fast. At least when it comes to making payments better, Ripple is making banks better and faster while X money is making it easier to use crypto and fiat payments.

>>52519491
WELL IF LE HECKIN EXPERINO SAID IT THEN I GUESS IT MUST BE TRUE WOW

>>52519491
They may just have their genuine reasons. Some normies around say the transparent nature of transactions on the blockchain makes it prone to being monitored by unauthorised persons

>>52519491
Yeah, that's why they are using forks in that pic, they are prepared to munch on that juicy, delicious dip.

>>52523103
This but unironically

>>52523181
Air has intrinsic value, but it is so abundant it has no relevant value.
Water has intrinsic value.
Food has intrinsic value.

Even animals "recognize" the value of Air, Water and Food.

Gold on the other hand has intrinsic value, but only for humans, and so does Iron, Lead, Wood, Silver, etc. Gold has practical applications, its value will inflate and deflate, but it will ALWAYS have some value, therefore Gold has intrinsic value. Arguing otherwise is arguing semantics: the demand for Gold has been a constant for most of mankind's history and it still is. There is ZERO evidence Gold will not still have value in the long term. There is ZERO evidence Bitcoin will have value in the long term. Metals have practical application, Bitcoin doesn't.

Pretty women have value too, but they naturally depreciate, like food, because it is organic matter.

>>52519787
Kohl’s cash

>>52519642
>>52519671
>>52519767
/r/neoliberal is semi based and many of their economic policies are good like abolishing zoning and lowering taxes

>>52525008
So I buy 50% gold 50% bitcoin to cover both bases got it

>>52520097
Cool faggot. Did your hard drive require supernovae to sporadically form the molecules? Cryptofags are normalfags

>>52519787
I know that i can trust the mutt dollar because everytime that its supremacy would be endangered, they will bomb a coup third world countries to keep it up. If the bitcoin value is in danger the only thing that gonna be made are memes and cope

>>52519491
They loath anything thats remotely “capitalist” and can put someone in a better place with a little bit of effort and critical thinking.

>>52519498
electricity was used to 'produce' bitcoin

>>52525008
Gold has some practical uses, but most of its price derives from its use as a store of value. Bitcoin has no use beyond being a store of value, so it derives all of its value from that.
I have no use for gold, so if gold and btc are both abandoned as store of value, and gold goes to a few dollars (the part of its value derived from its practical use) while btc goes to $0, both my gold and btc holdings have become worthless to me (I'm not going to try to find someone with practical use for gold that would give me a few dollars for mine). So the practical use of gold is entirely irrelevant to my use of gold and btc as stores of value.

>>52519491

Simply because they don't understand it.

>>52519491
Because its scam

>>52520083
post the one of him saying to sell your house to buy BTC at the top (houses are down 5% since, BTC is down 75%)

>>52519498
>intrinsic value
Way to fail the basics of economics. Value is subjective.

>>52519491
They're not smart enough to understand what it is

>>52519787
USD

>>52525426
>>52526681
>t. literal retards

>>52519491
Look I used to be really into crypto but got pretty much wiped out with Celsius, Blockfi and FTX. Yes, I lost about $250k across those 3. No, I’m not a retard. These firms touted themselves as the next JP Morgan. I trusted the space and I got stab like Julius fucking Caeser. I pretty much only have my free learning rewards on coinbase.

FUCK. CRYPTO.

>>52526859
Did Blockfi not let people pull out?
I remember some people waiting to get emails

>>52519787
unironically USD backed by the US military
>be pic related
>decide you want a gold backed currency for you and your friends to trade oil and goods amongst each other with
>this a blatant encroachment on the petrodollar
>get rekt by burger CIA

>>52519557
Sneed

>>52526925
Nope. Still waiting with my dick in my hand a shotgun to my temple in the other hand.

Again. FUCK CRYPTO. I honestly blame my brother for getting me into this shit. Which I can’t wait to shit all over crypto during thanksgiving dinner.

>>52519491
>Apr 11, 2018
>Don't buy the $5k bitcoin, goy, it's bullshit!

>>52519491
A Nocoiner is a person who has no Bitcoin. Nocoiners (usually Socialists, Lawyers or MBA Economists ) are people who missed their opportunity to buy Bitcoin at a low price because they thought it was a scam, and who is now bitter at having missed out. The nocoiner takes out his or her bitterness on Bitcoin Hodlers, by constantly claiming that Bitcoin will crash, is a scam, is a bubble, or other types of easily refuted FUD. Nocoiners have little to no computer skills or imagination; even when they see the price of Bitcoin go up and its adoption spread they consider all Bitcoin users to be in a collective delusion, with only themselves as the ones who can see what is happening. This attitude comes from being steeped in the elitist priest cultures found at Harvard, Yale and Columbia, where anyone who is not part of their clique is treated with suspicion by default. The worst nocoiners are tenured academics and goldbugs. Nocoiners believe that the world owes them everything they want because they are part of an elite; they are hysterical liars, brats, prostitutes and losers.

>>52519787
Bluets.

>>52519491

>>52526859
>over 200k in many exchanges
>"no im not a retard"

Anon... I...

>>52522590
>old man yells at bitcoin
this dumb nigger probably had to do manual banking with a pen and paper when he was younger and doesnt understand that there are better ways now

>>52523184
we will get the final laugh when his pace maker runs off bitcoin

>>52519843
Money isn't useful because it has intrinsic value. It's useful because it allows for price signalling, which is necessary for efficient resource allocation. Soviets never found a solution for that.

>>52519521
correcto. in that time. nothing major has changed. and overeducated lefties managed to build dozens of arguments against it

>>52519491
They are controlled by the demiurge

>>52519642
R/neoliberal was praising China zero covid policies before March.

Stop caring what midwits think

>>52527132
he probably sees nothing wrong with writing a check.

>>52520117
Upward volatility is better than downward stability.

Civilization was not built in the downward stability that has existed since 1971 but its living on its existing momentum.

>>52519557
holy shit are u dumb. please tell me this is bait

>>52526859
>Crypto
>Uses custodians

>>52519787
>go to store with $100
>buy food
>go to store with $100 "worth" of bitcoin
>get laughed out the door

(((expert says)))

>>52519491
>an expert

>Crypto is dead goys, move along
Meanwhile (((we))) buy for cheap to dump on the cattle
>crypto pumps violently
Buy crypto goys, we're going to the moon!
>crypto crashes violently and goys are left holding bags
Every freaking time.

>>52526988
>>52526859
Just out of curiosity anon and i don't mean no disrepect but what made you use custodians for crypto when you could send the real stuff to a cold wallet?

I am seriously i don't get why people use custodians, if you buy a car on credit and the company that gives the credit default on you, you don't go out to say you hate cars.

I seriously don't understand how people look at celsius or blockfi and say "yep that's were i will put my money".

FTX was a whole other thing, they even lied about their accounting audits, but blockfi and celsius are weird as fuck for me, i seriously don't understand why people used those.

>>52519491
>Why do normies hate crypto so much?
They don't know what to do with it and how to earn from it despite the bear market. People naturally hate what they can't understand especially if it's a means of earning for others. BTC is down but USDC/USDT has been okay. So why use BTC to judge the whole market?

>>52519491
>normies
You mean jews? They hate anything that takes power away from them.

>>52528719
Are there any really profitable means to earn with stables rn?

>>52519491
He done got burned.

>>52528976
Users are making up to 23% APY on SpoolFI for staking USDC; If that's not profitable, I don't know what is.

>>52519557
Everything is a simulation though as far as scientists can explain the unexplainable. God is real.

>>52529038
Is that fixed? Seems quite high for stables. Hope it's sustainable too?

>>52525133
I kek'ed harder than I should have.

>>52529098
The APYs are not fixed; when the SpoolFi DAO votes to route SPOOL emissions to a particular pool, it increases the APY on the pool plus the pools are incentivized with ERC-20 tokens and hence the high APYs.

>>52525008
>There is ZERO evidence Gold will not still have value in the long term. There is ZERO evidence Bitcoin will have value in the long term.
>Absence of evidence is evidence of absence
>Therefore I'm smart you're not because I just said so

>>52519491
I think people hate crypto because:
>1. They don't actually understand it.
>2. There is a lot of stress in the world today.
>3. People made bad decisions regarding crypto whether that's bag holding or missing the moon etc.
>4. The adoption of crypto will force change and people hate change.
The use cases for cryptography are actually very obvious. For example:
>Digital asset ownership.
Being able to earn a sword in World of Warcraft and then trade that sword for fiat currencies or a different item in a completely different game is 100% useful to players. Mercantile exchange and digital ownership between digital platforms / games / systems is a no fucking brainer. Especially with augmented reality and virtual reality on the horizon.

Can you imagine capturing a pokemon in your backyard with an augmented reality headset and then selling it for real money? Makes me want to cum in my pants. Crypto makes that possible.

So the use cases are there. However, growing pains are a thing.

>>52519557
>Because it is literally worthless
fascinating how you understand what crypto is but the point literally goes over your head entirely. studies will be done on you in the future anon

>>52519491
>>52519498
Exactly.
The answer to “USD is a worthless and is a government Ponzi scheme” isn’t to create ANOTHER Ponzi scheme.
If you hate US banks, then the answer is to do the following:
>Buy land and pay it off
>Build a home and pay it off
>Invest in companies
>Use gold/silver to trade, which isn’t too easy.

>>52526859
>No, I’m not a retard. These firms touted themselves as the next JP Morgan
You're a retard.

>>52526859
this has to be bait.
yes anon, you ARE fucking retarded.

OK, ya're stupid af! Try Bspin. its easy even for you.
>Online Casino with BTC main currency
>Players deposit, play and withdraw Bitcoin without any additional conversion.
>Many different deposit methods.

>>52519491
Cause they always buy the top or missed out

My sisters husband bought 20k in 2017 and 60k last year :/

>>52529564
Everythings a ponzi anon

Also goldbugs are literally just outdated bitcoiners

>>52520076
hey son, are ya..winning???

>>52519491
They were told to

>>52525008
Criiiinge boomer

You broke hihi

>>52519491
because they're pussies afraid to take any kind of risk and slaves without the ability to understand complex systems but it's easier on their fragile egos to convince themselves that bitcoin is bad instead of coming to terms with those facts.

>>52525008
Retard nothing has intrinsic value
Kill yourself

>>52525008
>Gold on the other hand has intrinsic value, but only for humans
Wrong, birds love shiny things too

>>52519498

Intrinsic value isn't a real thing moron, stop watching Peter Schiff before he scrambles your brains completely. All value is subjective, based on supply/demand. What you probably meant to say was utility, not value. Utility and value are not the same thing.

>>52525426
Most retarded argument I've ever seen. Just because it costs something doesn't mean it creates value. If you keep breaking a glass and some retard keeps paying to replace it you're not creating value

>>52529564
The difference is USD will always be accepted by banks and government and it's back by a regulated and diverse economy

>>52519925
Why is MNW saving the Argentinian government millions then and rolling out worldwide?

Why is Vodafone using EWTs tech to power their green charging app for electric vehicles?

The problem is people like you have only scratched the surface and are incapable of finding utility based projects

>>52519501
spbp

The System creates a hologram of the "populist alt right nazi qanon proud boy right winger" and incites left / liberals against it. How The System tells them to fight against this hologram is by materializing the goals and directives of corporations, wall street, the deep state, the military industrial complex, the central banks and the billionaires.

>>52531047
>Intrinsic value isn't a real thing
lol
lmao

>>52521909
The smart people are DCAing right now, whereas fools like yourself will miss the boat once more come eoy 2024

>>52519491
Because when they start explaining how it has no value, they realize the same applies to actual currency and that it only takes a few missteps for the dollar to be more worthless than toilet paper.
But then the jewish programming kicks in and they can't remember why they're so infuriated, except that bitcoin is what started it.

>>52519491
Because things are fine the way they are and normies fear change and anything that requires an ounce of critical thought. Normies can't comprehend that bitcoin is Satoshi's gift to mankind and we finally have a way forward out of debt slavery from the central banking cartels.

>>52525008
I am so tired of PM fags talking muh gold, muh silver, muh SHINY ROCKS. STFU you're just like these anachronistic normies who cannot understand just how significant bitcoin is. Can you understand that Bitcoin is completely superior to gold, is extremely similar to gold (yet still vastly superior) as a store of value? But wait, it's a store of value that is much more easily protected and transmissible.

I am entirely convinced the only reason PM fags like gold is because of the primal-Smaug brain that likes staring at the shiny object that they think is so significant, like a ticket to paradise once the world collapses. Give me a fucking break.

waaaah why dont normies like my ponzi schemes, please sirs try out my favorite ponzi

>>52525008
By your standards what's wrong with someone owning gold, stocks,cash, land , guns, food stocks AND crypto?
We aren't saying go all in (although most of us are) just that at this point you would be wrong not to hedge some of your wealth into crypto even if you think that it is worthless because it's not what you think but what the market thinks

>>52526859
Anon. It's literally the first rule of crypto
1. Not your keys not your coins.
2.DYOR
3. Never trust a chink with his arms crossed and people with big noses and small hats.
It's just that easy

>>52529249
>trade items in one game for that same item in another
For real, shut the fuck up. Even a teenager could tell you why that idea is retarded. You must be an aging Millennial, AKA a boomer with shit taste in childhood cartoons and shit taste in music (he listens to Nirvana).

>>52525008
Nothing can have instrinsic value. It is an oxymoronic concept.

Air is valuable to me, because I breathe it. The fact alone that air can be breathed does not make air valuable. It is a priori that value judgements are conditional on a subject/object distinction.

A posteriori proof:

Some breathable air exists in orbit around a distant star in a lifeless system in space. Is that air valuable? If yes, than I ask, to whom is it valuable?
All that being said, gold is great and bitcoin is priceless.

>>52519491
Because 99% of crypto is scams promoted by nerds who will tell you you're a moron and have fun being poor if you point the scam out.

>>52531047
*ehm*

>>52533172
Objects have intrinsic value by whether or not they have utility or not. If they have no utility the only value they can have is speculative. The intrinsic value of money is its ability to be exchanged.

>>52526859
> 1st lesson of crypto: Not your keys, not your coins.
> "stores" his coins at 3rd party custodians

You're right you're not a retard. You are a giga-retard.

Imagine the biggest, most cringe NFT enthusiast from last year. Imagine talking to that person now, hearing them describe how jpegs of monkeys are going to change the art world. Imagine how annoying this person would be, especially if you tried to argue with them.

That's how you've always sounded to normies.

>>52519491
>Why do normies hate crypto so much?
Because they bought the top.

>>52525426
And? Stars use much more energy to throw out light into nothingness.

>>52531105
USD is backed by the american military and ressources. Bitcoin is backed by... ?

>>52535066
I need to leave this place, I read blacked instead of backed

>>52535066
Said military/government not being able to take it from you at will.

>>52528436
You can buy something with the coinbase debit with BTC just as easy as a regular debit. The caveat is that the taxes are fucked up.

They’ve corrected assessed that it’s just empty bullshit for investors to speculate on.

It’s also so deeply saturated by extremely annoying libertarian retard types making it unbearable to navigate for regular people. Frankly, I wouldn’t even wipe my sick with your average spiritually sick crypto person.

>>52519491
cuz they don't understand it

>>52519491
They think things can go wrong at anytime especially with the recent issues with exchanges making is seem as though safety and security of assets aren't guaranteed

>>52519787
Chocolate coins

>>52519509
We know enough about the Crypto to know when cheques were invented people didn't base our entire identities about them and lose billions gambling on them. Wanker.

Stonks
>Company makes a product
>Product sells well
>Company makes money and grows
>Share holder rewarded for holding and dividends

Crypto
>My coin is better than your coin
>Muh decentralisation. Mostly owned by cex
>Another day, another hack
>Up on an escalator, down on an elevator
>Best yields are not straight forward
>Lost keys, lost wallet
Future of finance!

>>52519491
(((expert)))
Worshipping satan isn't normal, my friend.

>>52536416
>Hedge against 10% inflation
>Lose 10% daily
You will never see all time high
Alameda, 3ac, ftx pumps are gone. Regulation is coming.
Covid lock down stimy checks gamblers are gone.
bitcoin going to ZERO

>>52525133
>>52529163
I also reflexively kek'd. What's causing this?

>>52519787
Deprecated currencies like grain, arrowheads (another anon similarly mentioned ammo), tea, gold and silver...seems like modern society doesn't have much of an appetite for intrinsic value.

>>52536416
Idk where you live, but mosy companies don't pay out dividends. Shares are useless, unironically there can be/are crypto tokens which provide more utility than shares.

>>52536504
>intrinsic value
No such thing exists.

>>52519491
>expert
LMAO
>>52519498
Most assets don't including gold and stocks. They have small value, but the majority is based off of retail speculation. You normie retard fucks don't know how markets move so you don't know this

>>52519501
This

Crabs in a bucket.

value is a spook

>>52519498
Crypto's most idealized form, not the CEX and mETHhead shitshow that you're seeing today, is being a borderless, frictionless method of payment that isn't centrally owned by one entity while also beating traditional competitors in both fees and accessibility (no KYC needed). It would also underpin decentralized forms of commerce which is already seen in DeFi. Even buttcoiners admit it's used to "buy drugs and CP", which is a subset of being able to buy items internationally and discreetly without interference.

Don't you think that alone has some intrinsic value? If not, why?

>>52531089
its value as a currency is that it cannot be faked or printed at will

>>52519491
because they don't know how much value it holds. this is the fucking deal

>>52519491
because it's bullshit. A few Nobel laureates stick with the same opinion.
Shicoins ain't your future, stupid worthless faggot, almost nobody fucking cares except few nolifers who want to have means to buy child porn.

>>52537245
imagine keeping your money in banks when you can earn over 40% apy staking on sylo.. kek.. can never be me

>>52519787
Pussy

>>52519491
Cuz the tech seem too complex for them, adoption may be enhanced if projects that will simplify the blockchain for normies are paid attention to

>>52519491
Because they've been buying the top for the past year or so.

>>52519491
Normie here. We enjoy watching people get what they deserve. Greedy arrogant coiners get what's coming to them. You annoying fucks deserve to lose it all. Your suffering is delicious.

>>52519541
>rugging millions of retards out of hard earned money.
Lazy geedy retards deserve to lose. Fuck 'em

>>52536416
Crypto sounds like 1995 Internet to be honest.
>email
Yeah, I got both a mailbox and a phone. That's retarded
>world wide web
Yeah, i have a newspaper and TV and a set of nice, leatherbound encyclopedias. Don't need the www
>stream sports game audio
Meh. If i miss the game, espn has the scores and highlights

Yeah, crypto is redundant and not needed lol

>>52538318
>simplify
>to normoids
Son, that's literally literally impossible. There are folks out there that have a hard time opening a pdf; not a meme.

>>52519498
Kek. Normies have never cared about "intrinsic value", they eschew all meaning in their lives.

>>52538846
>We enjoy watching people get what they deserve.
>what they deserve.
Only God is the judge of that. I don't know what you deserve.

>>52519491
normies love crypto.

firmware upgrade

>>52536701
Freedom is incompatible with morality, for it's either propaganda or reality. Criminal minors (yes, the CP criminal operation directly imply full compliance in the form of deception by literally millions of minors) are as real as the collective disinterest in them or anything else but (on occasion only) themselves (or rather whatever they're made to misperceive as a 'self'). Crypto should turn the whole internet into an unspeakable
>nightmare
for boomers. In other worlds, reveal
>reality.
But; what's on TV?

>>52523047
Cope.
People know how to use the tools, you are not special because you figured out how to write down a few words and use a few wallets. Literally anyone with 90+ IQ can do that.
Crypto is useless.

>>52519491
Bitcoin threatens the system. Normies are willing participants in the dystopian matrix we live in, and they would rather die than have their minds freed.

>>52539541
Kek, crypto is the key to financial freedom Chad. I have went in on a few decentralised platforms as well like Sylo for self custody of assets and data privacy

>>52519491
This time the normalfags are correct.
The only coin that matters is monero unless something else becomes the blackmarket standard alongside kingshitcoin.

>>52540502
>This time the normalfags are correct.
But for the wrong reasons

>>52529564
>>The answer to “USD is a worthless and is a government Ponzi scheme” isn’t to create ANOTHER Ponzi scheme.
Another ponzi scheme whose entire goal is to sell out to a bigger fool back into the fiat ponzi scheme.

>>52528436
Even if you try to buy food with btc you lose a large % to exchange rates and have to waid 30 mins until the trade goes through oops looks like you only have 1$ worth btc to buy food now

>>52519491
because it has no intrinsic value or a usecase that can't be solved withouth crypto. Cryptoniggers will never accept this cold hard truth that's why it will always have a tiny bit of value even after this crash completes and Buttcorn is 200$. Also governments despise crypto because they want a monopoly on monetary policy/printing. Governments will win and you will lose. keep buying into your cringy anti establishment pipedream you filthy pleb The end

Did it matter anyway? If 1/2 of coiners used custodians who destroyed the value of all coins in the last year which destroyed the value of cold wallet coins does it matter either way?

>>52537302
how retarded can folks be? centralized platforms can never match defi when it comes to yield farming

>>52519491

they have no fucking idea

>>52523184
If I owned every dollar I could exchange those dollars for any and every good or service there is. Nobody would turn away that dollar because (especially if I have every dollar somehow) it gives them liquidity to acquire goods and services for themselves.
If I had every stock in a company, I own that company. I can make a lot of money from this even without selling from the stocks I have. And if I do sell, I can still retain the value of ownership by ensuring I maintain a majority stake. I can entice people into wanting to buy those shares if my company is successful.

If I own every single bitcoin, what would I do with it? Holding all of them provides no value to me, I only benefit if I can sell them to someone for cash or another currency. But who would buy them? People only want my bitcoin if they believe they can sell it for more to someone else. Are they going to be able to do that if I'm trying to liquidate a large portion of my holdings? The price is not likely to rise while I'm trying to do this, disincentivizing anyone from buying, which leaves me stuck with a pile of crypto I can't cash out.

>>52542180
can't say otherwise, they can't fucking see how much potential the metaverse holds.

>>52520097
>My hard drive has a limited quantity of data, is backed by relatively strong encryption and I guess we could come up with a ledger or whatever rocks your boat.
>That will be 100k but only until eoy. Buy now before it's too late.

>>52542200
after seeing holoride partner with some amazing car brands, i have to agree with this view

>>52519640
>BBC slurper
lmao your brother is a huge faggot

>>52519843
>he doesn't know

>>52521694
For those who blinded their eyes to crypto opportunities, they must be down bad as the USDC has been a good edge against inflation with the yield i get using SpoolFi.

>copers pretending everyone and their dogs werent into crypto
I'm sure you'll make your money back eventually anons