/biz/ - Business & Finance

[Anonymous No.11589021]

You have 24 seconds to write something deeply profound about Crypto.

[Anonymous No.11589030]

i am a coiner buy buy haha!

[Anonymous No.11589032]

>tfw cryptowealth is your reward for spending years of your life on this godforsaken site

[Anonymous No.11589036]

>>11589021
If hitler was alive he would somehow use bitcoin to create the holocaust

[Anonymous No.11589037]

It's peer to peer decentralized currency. You can send money to your friend from the other side of the planet with tiny fees and fast.

[Anonymous No.11589046]

>>11589021
gold is indestructible asset
crypto is unceaseable asset

[Anonymous No.11589050]

blockchain allows us to keep track of information and make sure that it wasn't tampered with

[Anonymous No.11589055]

>>11589021
The great fractal.

[Anonymous No.11589070]

>>11589021

The Chinese are purposefully using crypto to devalue American dollars. They are the biggest bag holder for America and they know that if they just swapped currency in a transparent way then America could declare war.

[Anonymous No.11589096]

before bitcoin there was something called liberty reserve and egold. these were centralized depositories that allowed p2p payment with virtual currency backed fully by gold. it was used in criminal activity or alleged to be and after it became well known it was shut down by authorities. even if governments weren't subordinate to a century old global money trust that now exerts its influence, such schemes as e-gold could have also failed to localized states of corruption (such as a robbery uninsured reserves, a hack, an exit scam, an unscrupulous employee embezzling, etc.)

[Anonymous No.11589104]

>>11589096
bitcoin mining is the reason bitcoin is not able to be censored by governments, corporations, or individuals. mining itself is indistinguishable from an attack on bitcoin's cryptographic security framework. it is only when someone has 51% or more of the total hashpower that they could attack the underlying structure. this is exremely cost prohibitive, even to governments, and amassing an operation of the scale necessary would be a huge undertaking to keep quiet, rife with pitfalls of operatives becoming corrupt as we have seen in past cases involving government agents dealing with bitcoin and attempting to steal them for themselves. now, it is a chicken and the eqq question about whether bticoin is valuable because it has the most cost prohibitive mining, or whether it has so much mining behind it because it is the most valuable, but it's really a false dichotomy. the biggest risk is that over 51% of mining could be located in a single jurisdiction, identified, and raided at once to be taken over.

[Anonymous No.11589108]

>>11589104
so next time you hear someone say bitcoin is the most valuable "because it was the original", make sure to explain that it's actually because we live in a world where power interests endeavor to fully control the administration of capital and use police power to violently dismantle any attempt to disintermediate their 100+ year old total control matrix on the administration of money. mining itself exactly resembles an attack on bitcoin's underlying cryptography, and because it is economically incentivized and scaled to its current level, it is cost prohibitive for the current power interests or any individual or organization to attack its underlying cryptography. the fact that it was the first is nice, and it definitely demonstates viability and reliability the longer it runs. the network effect and largest merchant adoption is also real. but mining is what keeps any individual from being able to shut bitcoin's operation down, which 100% as demonstrated by history would have already happened if this roadblock were not in place. mining is the bedrock of value in bitcoin

[Anonymous No.11589110]

>>11589021
crypto was created to save our asses from the coming economic collapse

[Anonymous No.11589111]

In the immortal words of Carlos Matos: It's a scam!

[Anonymous No.11589156]

>>11589021
big jooocy pusy

[Anonymous No.11589329]

>>11589156
imagin creaming up her monkey

[Anonymous No.11589348]

Ssaauucee...

[Anonymous No.11589400]

>>11589021
Crypto based identity systems will lead to the mark of the beast and the beginning of an almost omniscient surveillance state. Along with our social security / passport numbers we will be given an identity address at birth. Everything from our health records to our assets to our location data, criminal records, psychological profile etc, will eventually be stored on an immutable decentralized ledger. Depending on how tptb bring this to power, we will probably never be allowed to access our own records in order to protect our safety or security or some bullshit excuse. Some are here to make money, but I'm here because it seems wisest to be on the right side of the fence when identities get locked down.

[Anonymous No.11589406]

>>11589400
Well, I mean money is great too I guess.

[Anonymous No.11589543]

>>11589021
Crypto has more implications in authentication than in pure currency. Because of crypto, we will see a future of auth that is immune to quantum computer hacking and passwordless. See: Sovrin

[Anonymous No.11589586]

THIS TECH WILL ALLOW FOLKS TO MOVE DIGITAL ITEMS ABOUT AND USE THEM AS COMMODITIES AND CURRENCY. WE’RE GOING TO HAVE TO PUSH THE COMMODITY IDEA BECAUSE PRACTICALLY EVERY NATION THAT HAS ITS OWN FIAT CURRENCY ALSO HAS LAWS AGAINST FOLKS CREATING THEIR OWN TYPE OF CURRENCY AND MONETARY SYSTEM. UNLIKE ALL OF THOSE OTHERS IN THE CRYPTO COMMUNITY WHO HAVE PUBLISHED MANY ELECTRONIC CASH IDEAS OVER THE YEARS AND DECADES THIS IS THE VERY FIRST TIME THE NUT HAS FINALLY BEEN CRACKED. IT IS NOT THE GOVERNMENT OF YOUR OWN NATION THAT YOU HAVE TO BE WARY OF. IT IS EVERY SINGLE GOVERNMENT UPON THIS PLANET THAT WILL BE GUNNING FOR US FOR RELEASING SOMETHING THEY CANNOT EVER CONTROL. SOMETHING THAT COULD QUITE POSSIBLY OUTLAST THE EXISTENCE OF ANY OF THEIR NATIONS, THEIR TYPE OF GOVERNMENT, THEIR CONSTITUTIONS. THE DESCENDANTS OF US ALL WILL ONE DAY LOOK BACK INTO THEIR PAST AND SEE WHAT USED TO BE CALLED A SOVEREIGN NATION WITH AMUSEMENT. AND THEY’LL DO SO ALL THE WHILE CONTINUING TO USE THE TECH FROM THIS ELECTRONIC CASH SOLUTION TO BE THEIR OWN SELF SOVEREIGN INDIVIDUALS.

[Anonymous No.11589594]

>>11589046
Seize brainlet

[Anonymous No.11589658]

>>11589021
Bitcoins algorithm is worthless and that's why it's so valuable.

[Anonymous No.11589672]

>>11589021
BTC will save the World & Bring us World Order!

[Anonymous No.11589845]

Bitcoin is just a high tech digital scam.

[Anonymous No.11589855]

>>11589021
It's fucking garbage and it destroyed this board.

[Anonymous No.11589890]

>>11589021
Its a ponzi sold to delusional NEETS who have no marketable skill or value to society, so they dream of getting rich through internet meme money

[Anonymous No.11589997]

>>11589021
That must be the juiciest vagina ever grown on a human female.

[Anonymous No.11590030]

nakamoto invented TRUTH

[Anonymous No.11590054]

>>11589108
>mining is the bedrock of value
Like you said chicken and egg but clearly value is the bedrock of mining. Also bitcoin mining is highly centralized.

[Anonymous No.11590422]

>>11589348
her name is venezia cruz

[Anonymous No.11590454]

>>11589021
LINK ¤1000 end of 2565

[Anonymous No.11591258]

>>11589156

my favorite thot literally

[Anonymous No.11591286]

>>11589021
COSS is an international pyramid scheme made legal under Singaporean law and that is why it will succeed.

[Anonymous No.11591513]

blockchain is not an achievement in computer science, it’s an achievement in game theory

[Anonymous No.11591543]

>>11589021
brap hog

[Anonymous No.11591568]

>>11589021
PERMISSIONLESS
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M
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(fuck you spam filter)
S
I
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N
L
E
S
S

[Anonymous No.11591634]

>>11589021
It has no tangible value.

It is not a commodity.

[Anonymous No.11592065]

>>11589021

Crypto solves the oldest problem in civilised societies, how to prevent others stealing value from you. Qaddafi had 200 billion in a swiss account, but no access when the arab spring started.

There that was 36 seconds.

[Anonymous No.11592187]

>>11589021
The number of bitcoin available decreases every 10 minutes. It has been doing so for 10 years, with no indication that anything is going to stop it. If you don't buy even a fraction of a bitcoin after reading this, then you are an idiot.

[Anonymous No.11592364]

>>11589594
it's sees brainlet