/biz/ - Business & Finance

>>54462174
Why the fuck would I trust a want to be poo

*farts*

I just farted in your thread.

FAQ
>What does this mean?
The amount of jannies (faggots) in this thread and 4chan account has increased by one.

>Why did you do this?
There are several reasons I may deem a comment to be deserving of a stinky fart and therefore a janny infestation. These include, but are not limited to:

Shitting in the street,

Spreading incorrect information,

Shilling lazy scams.

>Am I banned from the /biz/?
No - not yet. But you should refrain from making comments like this in the future. Otherwise I will be forced to issue an additional fart, which may put your commenting and posting privileges in jeopardy.

>I don't believe my thread deserved a fart. Can you un-fart it?
No. I cannot un-fart. My judgement is perfect and clear. Regardless, if you would like to issue an appeal, shoot me a private message explaining what I got wrong. I tend to respond to 4chan PMs within several seconds. Do note, however, that over 99.9% of fart appeals are rejected, and yours is likely no exception.

>How can I prevent this from happening in the future?
Accept the fart and move on. But learn from this mistake: your behavior will not be tolerated on /biz/. I will continue to fart in your threads until you improve your conduct.

>>54462174
qq

>>54462174
>IT IS BACKED BY *NOTHING*
just like the US dollar

>>54462174
The same could be said for authority in general :^)

>>54462207
digits confirm

>>54462174
Huh. I guess I never thought about it like that. I couldn't throw darts at my Bit Coins. I am selling every Crytpo Currency i have.

>>54462174
she isn't wrong

>>54462196
My thread will reach bump limit and you will be forced to continue to look at it. Even if I’m stuck here smelling your farts, SCIENCE says that farts are good for you. So go ahead, I WELCOME the farts. Meanwhile, the fact that
>BITCOIN IS BACKED BY
What? Remind me. Oh yeah
>***NOTHING***
This fact is harmful to you, the degenerate crypto broh. So I come out ahead. Enjoy seeing my thread on the front page for several more hours, perhaps even days.

>>54462174
Those who live in glass houses should not throw stones

>>54462233
czeched

>>54462174
and the american dollar is backed by… the american military?

> just belief

Hmm so it has one more thing backing it up that the U.S. dollar

>CRYPTO IS BACK BY...UUUUUUMMMMMMMMMMMMM... BY SOMETING OKKKKAAAAYYY??????

Elizabeth Warren is just a self-aware Hillary Clinton. She is more irrelevant than Andrew Yang could ever dream.

>>54462174
why does she always wear blazers with that weird shade of purple just like Janet Yellen and Hillary Clinton and like Ursula van der Leyen? is it some kind of witch cabal or something

>>54462457
Purple was historically the color of aristocracy.
That's probably how they see themselves.
As aristocratic rulers.

>>54462174
We are still here :D wonderful, buy signal of the year!

>>54462174
>Elizabeth Warren just REKT Buttcorn. IT IS BACKED BY *NOTHING*
Sooooooo just like the US Dollar? The same thing she supports defending with extreme violence?

Why are leftists such shills for bankers, bros?

>>54462174
just like USD. The mechanism that gives BTC value is the same thing that gives USD value: there's a demand for it. Someone somewhere wants some of it, and will trade you for yours.

>>54462510
This guy gets it. Purple was the rarest color of dye in the ancient world. I believe monopoly over the trade of purple dye is part of what made the Phoenicians so wealthy.

Gold is backed by what?

>>54462457
And the OG Santa Claus!

>>54462592
same as btc, mining energy and demand

>>54462174
what are stocks backed by?

>>54462174
this happened last year not April 2nd, fucking lying faggots

>>54462592
kek you’ve clearly never held a gold coin before. the “precious” in precious metals is there for a reason. real, tangible, and near immortal.

>>54462548
USD has value because it has proven use cases and is backed by the most powerful military in the world. Buttcoin is backed by nothing except 80 iq memes. Buttcoin investors are mercenaries in every sense of the word and they will dump it as soon as they see something that they think is more promising

>>54462174
she's right but so is everything else.

>>54462690
>USD has value because it has proven use cases and is backed by the most powerful military in the world
Dumbass. That's not an indicator of sound money or backed money. That's blind faith.

>Buttcoin is backed by nothing except 80 iq memes
It's backed by math and the electrical energy required to create new blocks.

>Buttcoin investors are mercenaries in every sense of the word
This might be the most stupid thing anyone on /biz/ has ever written.

>>54462207
Wrong, USD is backed by the world's biggest air force, the world's biggest navy, and enough nukes to wipe out all life on this planet several times over if burgers ever decide to chimp out.

Keep holding your fiat bags all the way down to zero loser. Also it's time for your 36th booster. Better hurry up.

>>54462174
This describes fiat perfectly. It's almost like they're deflecting.

>>54462608
Proof of stake coins practically run without no energy people still hoard it. Demand is the real answer, things derive value out of people thinking the thing in question has valuable value.

>>54462675
>It's shiny Durr!
Incredible insight

>>54462305
>Tim Jewell
>Black
>Tranny

>>54462174
wow its almost like fiat has no inherent value either
we should totally adopt btc as the standard

>>54462778
Forgot to add: What did that faggot mean by this

>>54462742
>USD is backed by the Mili-
>stops trading in USD
>nothing happens

Lmao fucking bot posts are dumb as fuck these days

>>54462718
>This might be the most stupid thing anyone on /biz/ has ever written.
Why?

>>54462174
Somehow I'm not surprised that Warren has been braindead since the 80s when fiat went to imagination land.

>>54462805
Tell that to Saddam. Or Gaddafi.

>>54462174
so it's just like fiat she's saying?

>>54462952
Or Putin. OH WAIT HAHAHAHA. The dollar is dead, the US won't do shit anymore.

>>54462305
AMANDA HUGGINKISS? CMON GUYS CAN I GET AMANDA HUGGINKISS?

>>54462776
>Demand is the real answer, things derive value out of people thinking the thing in question has valuable value.
>It's shiny Durr!
These are actually two ways of saying exactly the same thing, you just phrased it in a more roundabout way.

>>54462690
>>54462742
>muh us military
>loses to farmers for 60 years
And that was before all the soldiers were trans.

>>54463646
>most powerful military
>does literally nothing as dozens of countries stop trading in USD
>they do full retard shit instead like shilling gays and trannies or paying a criminal nigger millions for an ad

soo, since this whole muh military backing is a nothingburger what is the US dollar backed by?
bagholders?

>>54462233
kek smiles on you anon

>>54462742
havent you heard? BRICs nations are starting to trade in other currenices that aren't the USD. US military isn't going to do JACKSHIT, even using a single nuke ensures influential suicide

>>54463710
>soo, since this whole muh military backing is a nothingburger what is the US dollar backed by?
thoughts and prayers anon

>>54462742
Our soldiers are gays led by black women and our nukes are from the 70's and likely don't function anymore.

>>54462742
those armed forces are full of trannies and women in positions of authority now. So they don't back up anything, no matter how many war toys they command. The whole world knows it now.

>>54463710
The only currency that could possibly dethrone the USD as the reserve currency would be CNY, but China doesn’t want that because it would be economic suicide
>does literally nothing as dozens of countries stop trading in USD
Literally no one cares if your turd world country says they will “stop trading in USD”, especially given that its citizens will still trade USD on the black market

>>54463869
why would people bother trading worthless USD when their own currency is more profitable as all the trade goes through there and not the dollar?
seems like you havent really thought this trough.

>>54462174
Crypto's have value mostly due to scarcity and fixed tokenomics.
The reason to buy Bitcoin rather than holding a fiat paper scam currency is that there will only ever be 21MM Bitcoin whereas there is unlimited supply of USD and it keeps getting minted and inflating.
People like Warren honestly believe (and correctly so) that most people are financially illiterate.
She can fool the financial fools but she cant one up anyone who is wise to the ways of money...

>>54463925
How do you know Satoshi isn’t going to just flip the switch and print more, though?

>>54462174
I FEELS SMARTER NOW

>>54463134
depends on if they can rile up enough trannies

>>54462751
>be financially strict to have more wealth in the future
>no you can't be selfish!

And who exactly backs gold or other metals?

>>54462174
It's backed by cryptographic truth, unlik USD which gets diluted every day.

>>54462305
based.
fartfags btfo

>>54462742
>LE IT'S BACKED BY ALL MIGHTY US AIRFORCE UNGODLY POWER COCK DICK PISS SHIT
how does that make the currency any more valuable? look at the prices of everything, price of bread, price of real estate, have your guns and aircraft been able to stop the rise in prices of everyhing? no, they can't do JACK SHIT, if people keep losing faith in the currency it can spiral into hyperinflation in a matter of days, and what is your faggot military gonna do? go to a bakery and force the baker at a gunpoint to set prices of goods back to 2020 levels?
>muh usd backed by military
biggest BS repeated by idiot nocoiners who think they are smarter than everyone who's been protecting himself through various investments
your faggot government currency is going to SHIT faggot, your faggy planes and tranny military officials CAN'T DO JACK SHIT about it

the only things worth something are gold, bitcoin and real estate
Fiat could be worth a lot if it was impossible to print more of it, but we all know how it works every time a new FIAT currency is created

>>54463920
To protect themselves from their country’s currency which consistently declines in value

When a country has a strong currency it’s terrible for their manufacturing sector

fuck this boomer, fuck boomers and fuck niggers

>>54464011
the reason bitcoin is valuable is exactly because there is no CEO sillicon valley numale that can change shit like that because he thinks it will be more esg friendly or whatever
satoshi gave us a gift but he can't do jack shit with the protocol now and he knows it and he wanted it that way and we want it that way

>>54464616
Okay but he created it why can’t he just flip a switch and change it? You haven’t answered. Be specific.

>>54464649
because he doesn't control the code, anyone can propse a change, no one's gonna accept it

US Hero Chad Harddick says "With #NiggerLives, there's no thing that gives it value... it's just an animal."

>>54462174
i h8 this fucking cunt so damn much

>>54464011
That’s not how it fucking works retard

>>54464662
So what you’re saying is all it takes is for him to have access to 51% and force the change through?

>>54462174

The USD is real however.

>>54464649
>why can’t he just flip a switch
You are the dumbest cunt itt by a mile. How the fuck do you think the Bitcoin protocol works exactly?

>>54462690
15 years later still sneeding. feel bad for u non fren.

>>54462305
>Biggers
hehe

>backed by nothing
Just like her Native American heritage claims.

>>54464942
>>54464727
Answer me: >>54464768
All anyone does is sling shit, they never acknowledge the 51% problem of Bitcoin. They never acknowledge the pre mining. They never acknowledge that the US Gov is a big holder.

>>54462529
You typically don't shit talk your boss in front of him if you want to keep getting paid

>>54465205
>>54464819
>>54464706
>>54464612
>>54464526
>>54464048

>>54465240
how is the us a big holder? the pathetic few k they hold?
what pre mining? you could mine pretty much from the get go
what 51% attack
have you actually run the numbers on it? Andres Antonopulous has, look for his video I'm too lazy

or even better, you know what? stay with FIAT like a good goy slave cuck

>>54462776
>cringe pic

>>54462207
The US dollar is backed by the assets and productivity of the US citizens.
Most dollars in circulation were borrowed into existence via bank loans (fractional reserve lending). These loans (federal reserve IOU notes or dollars) are collateralized (backed) by assets such as real estate and businesses. The dollars value is backed by the assets of the united states and the ability of the citizens and US businesses to repay their debts. The rest of the dollars are backed by the full faith and credit of the US government.

hope you guys bought in before the pump in 3 hours and then again in 8 hours after that.

>>54462613
Future company profits

>>54462174
isn't the dollar in the same boat with what that cunts saying

>>54462510
that dude looks like a faggot

>>54462174
It is backed by investor confidence and reliability. It also cannot be printed.
The dollar is backed by jews who use it as a means to transfer wealth from the people to themselves by way of printing money. BTC is anti-inflationary and the kikes hate it, hence they lash out against it.

>>54462196
Lmao

>>54462751
>why don't you just flat out tell poor people its their fault they're poor
This guy is so close and yet do far from making it

>>54462207
Yes and no. Bitcoin is backed by math and the energy needed to run the network. The US dollar is really backed by control of significant oil supplies. The thing that makes Bitcoin more valuable than the dollar is that the US can just print infinity money and you can’t print infinity bitcoin (unless you clone it)

>>54462690
>Buttcoin
lmao is there a better indicator for a low IQ poster

>>54462592
God himself.

>>54468212
Not really though. It’s backed by voting rights with how a company operates. That doesn’t mean much unless you have significant holdings. A company can choose not to issue dividends and there is no guarantee the stock price reflects operations present or future. Stocks are backed by less than crypto imo.

>>54462174
Buy signal

>>54462174
>belief

the ultimate force in the universe. pointing this out is unironically fuel for the golden bullrun

Get wrekt corrupt politicians. When the banks run out of money you'll need new masters

Only now do the Democrats come after crypto, now that SBF has humiliated the Democrats by association.

>>54462174
just like USD
>but muh army
well then btc is backed by computational power

LLLLLMMMMMAAAAAOOOOOO

YOU PAY ELECTRICITY AND INTERNET BILLS TO MINE JACKASS

BTC IS BACKED BY ELECTRICITY AND INTERNET BILLS

UMM

THESE ARE PAID FOR IN FIAT

BUT

BTC IS DECENTRALIZED SO IT UM HELPS TO END THE FED BECAUSE MANY PEOPLE ALL OVER THE GLOBE UMM PAY BILLS IN THEIR LOCAL CURRENCY SO

UMM

YEAH ALSO THESE MINERS ARE SOVEREIGN CITIZENS SO THEY DON'T PAY TAX


YEA

AND ALSO THE BUSINESSES ARE SOVEREIGN SMALL BUSINESSES SO THEY ALSO DONT PAY TAX

THEY PAY ELECTRICITY AND INTERNET IN FIAT

SO

THEORETICALLY

BTC IS BACKED BY FIAT


WHO WOULD CONSUME ALL OF THAT ELECTRICITY AND INTERNET BANDWIDTH OTHERWISE?

>>54469866
My bills are more than belief they represent my investment in solving complex math problems by overheating some computer hardware.

The heat is real. My brian damage is real.

I pay my bills in fiat because I believe doing this ends the fed and stops bank bail outs.

I am counter culture. I mine BTC 2023. Together we will pay a high enough bill one day to end the corrupt forces ruining our world

Together.

BTC.

>>54462174
No one listens to old US fools. Crypto is getting backed by real world assets like lands. Anyone with half a brain knows that. More defi value has been coming to real world asset owners. Tell me something else.

>>54462243
>I am selling every Crytpo Currency i have
Ngmi. Listen to them at your own peril. Not that I care. Slurping real rewards on MNICorp is what I'm here for. Bring real value and you have my attention.

>>54463134
Russia is literally a starving shit hole right now. They are living on starvation mode, literally. Fertility rates are only high in Muslim republics and once Putin is gone (he's old as fuck btw) they will all separate which also means a lot of resources will be gone. There's nothing worse than zogbots. And don't get me started with chinks. China is still a shit hole but you think it's not because you're seeing a bunch of skyscrapers.

>>54470474
People in Russia are paying their bills just like all the others serious about taking down the FED and stopping bank bail outs fuddie

BTC is decentralized. If everyone pays their bills we can accomplish big things.

Together.

BTC.

>ctrl+f
>"wampum"
>0 results
You're disappointing me fellas

>>54470595
I'm not talking about BTC. Im talking about Russia being a shit hole and Russians being subhumans.

>>54470625
That may be true but as long as they are paying their internet and electricity bills (tax free of course they are sovereign citizens) the state is doomed.

The end is neigh anon I recommend you mine BTC before the motherships arrive and reduce the banking institutions to dust.

You see BTC is decentralized so when Russians Ukrainians and Americans join together in peace and harmony to end the FED and stop bank bail outs by mining BTC then paying their bills we win.

Together.

BTC.

>>54470625
Really fascinating how American crime stats do not apply to Russia and yet it is still a shit hole. Why is that?

Do you think communism is a threat to our way of life or do you think niggers pose an even greater threat?

Communist niggers must be bad news for everyone

Russia

Ukraine

America

Thank god we can mine BTC pay our electricity and internet bills then FED the END and STOP BANK BAIL OUTS WOOOOOO

>>54462592
Its beauty and its utility

>>54462592
God

>>54462207
It's actually backed by the trillions of off balance dollar debt out there as of lately, that can never be paid back, because those dollars don't exist.

>>54462742
If I can't redeem the currency for anything then it is not backed by it. I cannot redeem my dollar for military.

>>54470595
>BTC is decentralized.
Retards will probably ignore that fact, same way they're ignoring defi and the real world problem it solves.

Land backed collateral on tokens like mni, plus dao inclusivity sounds good to me. That's what innovations is all about.

>>54470867
Yet to hit Americans that BTC and asset backed tokens might become usd alternative soon if things continue this way.

>>54470958
I thank God every day that BTC is not as important as COVID or Antarctican Penguins otherwise the governments of the world might all agree to take BTC down!

I think they do not realize the existential threat BTC presents because it is decentralized.

>>54469416
>The US dollar is really backed by control of significant oil supplies
the oil we refuse to pull out of the ground here? or the oil that opec nations are starting to trade in other currencies for?

>>54469416
the "math" is worthless, it's not a proof of scientific value, it doesn't enable production efficiencies, etc.

the energy usage is a lost asset, although any form of money will consume money either in the production or operation phase

the bitcoin supply can be changed via a few lines of code, don't kid yourself into thinking it will be 21 million forever if the powers that be want it changed.

>>54470958
Well said. We should take advantage of BTC. We can now easily pay with BTC these days all we need is a web3 payment gateway for faster and cheaper transactions. For instance binancepay, Utrust, moonpay or Zoidpay

>>54462174
it's crazy how bitcoin is unironically more backed than fiat is. Fiat is literally just make-believe money that can be constituted at will by financiomancers in banks.

>>54463925
>only 21 million
>can be divided infinitely

>>54462174
How would you store energy. What is energy. This is why BTC will never get fud.
>newfags have no idea what im talking about.

>>54462742
military is only a bargaining chip if foot soldiers are motivated to fight which they don't seem to be.

Higher iq anon watched low iq warren and immediately laughed.

Complete buy signal with all these low effort anti crypto posts this am.

Do the needful and buy more as these IRS and gov agents try at all effort to fud crypto.

Hilarious.

>>54472348
Xlm will serve that purpose bud

>>54471432
If they increase it, it will be because of massive usage. Which, would be a good thing as the use cases opened up.

But I digress, XRP has been slowly aligning with central banks and have tons of ripple employees that are ex policy makers.

XRP will be the bridge currency that serves the global volume of settlement.