/biz/ - Business & Finance

>>55618161
why do I need to have read the whitepaper to realize that a cia forked coin is garbage and dead?

>>55618404
It's not blockchain you idiot.
This is something 10x more sophisticated, dreamed up in billion dollar think tank projects with the brightest minds across the world.
The US government didn't have to ban or 51% attack Bitcoin to kill it.
0 fees.
Instant transaction.
All funds insured.
No seed phrase.
No volatile swings.
No exchange scams.

It's over.

>>55618161
They're going to use the money they print out of thin air to buy up all of the bitcoin.

>>55618161
>bitcoin will crash again
>fed reserve will buy more again
> it will be used as a pressure release valve to keep heat off the usd and drain normies savings untill its time for hyperinflation.
>then it goes out the window and the fed switch over to silver and gold.

you can make some money on the swings. probably. who knows how many swings they still plan to do. i dont want to play this game of live grenade hot potato.

>>55618161
I'm up over $700k on my crypto and I've never read a whitepaper.

no, but it's killed xrp and the entire value proposition of ripple domestically (and it never stood a chance globally)

>>55618161
It doesn't provide any inflation protection. Coins like BTC and ETH do.

>>55619099

Please explain that further.
Are you implying because the supply is capped that they will protect from inflation?

If so -- you just repeat things you have been told without actually thinking. Go look up the maximum supply of Ethereum.

>>55618782
so basically the same as before except the transactions are faster? tell me what you thought the advantage of bitcoin was?

>>55619121
The argument about inflation being affected by currency supply is retardedly over simplistic. It's the velocity of money that really counts.

>he thinks "digital money" is value of BTC
Statist fucking shits will never stop debasing, that is the value of BTC, it is TRUSTLESS & STATELESS, it is a technical fix for the political corruption of Money.

>>55619284
>n-no it's da volocity dat counts!
"Velocity" has been declining for years, by your logic we should have been seeing deflation for decades.
>house in 2000: $100k, same house in 2020: $350k, same house in 2023: $450k
Wwwwwhat? I don't understand?! Hmmm let's check money stock computer:
-m2-
2000: $4.5T
2020: $15T
2023 $20.8T
Gee gosh, why is the degree of expansion a near perfect match for asset inflation?

Absolute state of shitcoiners.

>>55618782
Does it have a hard capped supply and fair distribution? Isn’t it just a dollar peg?

>>55618161
>whitepaper

lmao reading "the whitepaper" is like playing an MMO and reading the lore. or reading jap manga or something lol

literally who give a shit you nerd faggot

>>55619480
Kek. Based

Some people are fucking retards. They will do all kinds of mental gymnastics on why their unregistered security will go 100000x but btc is useless old tech!

Newfag retard shitcoins looking to turn 500$ into 1mil but never read the original whitepaper

>>55618161
I don't know bros, reading whitepapers, getting myself updated, learn constantly new things and find about the others tokens is super fucking tiring. Why would i do that when i can just scalp on PEPE and try to build my wealth? Im honestly curios lol

>>55619480
>"Velocity" has been declining for years
Can I get a source on this one?

If you secretly print 20 gorillion dollaridoos and stick them in a vault at the bottom of Crater Lake, will that impact prices? No, of course not. You'd have to be braindead to believe that it would.

>>55618782
Does it have trust and limited supply where government can't inflate the value away?

>>55619631
Reading white papers is for NPCs who can’t think on their own and need someone else to shove ideas in their heads

>>55619904
You will use them at some point. Usually a crisis point.
And then the crisis will worsen considerably.
Almost like events right now.

>>55618782
Well that took them long enough. This should all have happened well before Bitcoin, and the existence would in no way have implied Bitcoin wouldn’t have needed to be created, for exactly the same reason it was created.

>>55619996
I don't disagree. Just saying that velocity obviously has to pay a role, not just money supply itself.
Unless the whole concept is entirely wrong and inflation is actually due to completely different factors.

>>55619284
>velocity of money that really counts.
know how i know ur gay? its collateral sweaty. pristine at that. velocity of money lmao. btc and chainlink is all that matters. everything else is for funsies

>>55621328
>Chainlink matters

We're reaching cope levels that shouldn't even be possible.

>>55618161
Thanks fot playing

>>55618161
No. Bitcoin killed itself because Bitcoin was a failure as a currency from the start.

>>55619357
A sly round about way

>>55618782
I never believed in any of the crypto nonsense anyway I just wanted money LOL

>>55621942
you and everyone else, only idiots delude themselves in caring about "the tech"

>>55623233
Some people who actually care about "the tech" end up being the people building it or early investors that actually do their research and find good stuff to buy early. They're the richest people in the crypto world.

>>55618782
you're fucking retarded
it's been 14 years and morons still don't understand

>>55619815
Not sure PEPE will move that much again. Made 19x from that and added it to my Matic, Xrp, Sylo and Dnx bag. Can't afford to get rugged by some meme shit.

>>55620042
Velocity certainly does, but impossible to estimate when big players do their deals in the shadows.

>>55624269
nobody uses crypto for anything. (except gambling and scamming)

>>55625405
not entirely true
international illegal drug businesses have to use it to not get caught with money laundering in the traditional financial system
and people in countries with currency controls and high inflation can get some use out of it for keeping their purchasing power intact although it would be safer and less volatile to just hold cash dollars

>>55618782
The advantage of bitcoin is to maintain its value due to scarcity (i.e. you cant just print more). In your unhinged rant you did not mention this. You are a charade.

>>55619284
>The argument about inflation being affected by currency supply
absolute midwit take. You can only think this way if youre educated enough to think youre smart

>>55619582
>>55625933
No, it's going to be mintable crap that they will use to continue to steal from you. They would NEVER give up that power.
In the end BTC will win, but short term it's going to take a hit.
Normies are going to be all over this, firstly to shit on crypto, and secondly for the instant transaction.
I talked to an accountant in my office today. She told me she starts sweating and shaking if she sees a pending ACH transfer in her bank account. Can you imagine the collective stress of normies trying to move bitcoin between wallets? There would probably be suicides.
That and the fact that when there's a government solution, most will prefer it because they think it's safe.
There will probably be some gay little app you have to install, can you imagine...

>>55619815
>i can just scalp on PEPE and try to build my wealth?
The most retarded statement I've ever read. I'd rather stay away from memecoins and ape in on based AI gems like Fet, Agix and Peaq which are experiencing increased adoption.

>>55618161
I’ll post where I want nigger

>>55618161
test

>>55626108
sorry but I don’t have a smartphone to use it, I guess I’ll just take food for free

>>55620042
Velocity is just a side effect of printing and using that money midwit. It’s not velocity causing inflation, it’s money supply.