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/biz/ - Business & Finance


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12671727 No.12671727 [Reply] [Original]

Essentially no capital allocated to Bitcoin. Empty infinitely expandable wealth storage vessel to absorb capital flows. As sterile asset, $BTC price increase is wealth transfer from other assets. A black hole on the world's balance sheet. Will be legendary.

>> No.12671756

>>12671727
Bitcoin can't handle even a fraction of that activity. It doesn't scale.

>> No.12671761

>>12671727
Smart money won't touch it with a 110trillion ft pole. Sounds like a solid investment!

>> No.12671778

>>12671756
can gold scale?

>> No.12671781

>>12671761
Smart money already 1000xd on bitcoin.

>> No.12671836

>>12671761
"smart money" means specific allocated money coming into a trading system by people with insider information. you are confusing it with "old money", which will get decimated just like everyone else if they don't bend the knee

>> No.12671851

>>12671778
yes, it is infinitely scalable

>> No.12671870 [DELETED] 
File: 88 KB, 1334x293, satoshi on 2nd layers.jpg [View same] [iqdb] [saucenao] [google]
12671870

>>12671756
imagine the IQ
>>12671851
so is bitcoin, except it's better since imperialist usfags cannot steal it from you.

>> No.12671879

>>12671851
>thinks BTC can't scale
>thinks Gold is infinitely scalable
Sounds like someone lives under a shiny rock

>> No.12671882
File: 788 KB, 1080x1429, muh gold.png [View same] [iqdb] [saucenao] [google]
12671882

>>12671756
imagine the IQ
>>12671851
so is bitcoin, except it's better since (((they))) cannot steal it from you.

>> No.12671904

>>12671879
explain what are the scaling limitations of gold?

>> No.12671928

>>12671727
BTC doesn't absorb wealth like a security--individual BTCs just change hands at different price points.

>> No.12671929

>>12671778

Gold isn't the basis of assets, wealth or currency anymore. It's very insignificant. It shows how seriously uneducated you are, that you make these statements.

It's good for the rest of us, who do have an education, that you so brazenly show your ignorance and lack of thinking skills by mentioning gold in a modern economy and thinking bitcoin can hope to replace it.

My only regret is, I probably paid taxes for you to huddle through a shitty education, and I can't even get a refund.

>> No.12671940

sure, but most of the wealth has already been decided in btc/eth, the scraps being left for those late adopters forced to buy anything else, that won't survive the transition into a fully scaled system.

100 trillion is incredibly optimistic in a time scale that makes sense, especially if you want to get rich before you're old. but even 100 trillion is less than 1000x, and the more likely scenario, is 100x.

>> No.12671958

>>12671904
takes forever to move physical gold around the world. expensive to store large quantities. confiscatable if not personally held or if ever trying to move across guarded borders.


The BTC/lightning network moving ~$100 over the past few days in contrast:

https://www.youtube.com/watch?v=wlMOROk_wmg

>> No.12671994

>>12671882
>blocking funds to a dictator
Implying that was a problem. Based UK.

>> No.12672003

>>12671958
>takes forever to move physical gold around the world
but there isn't any tps limitations

>> No.12672031

>>12671781
>>12671836
>Look at these doods
The smartest money in btc put $200 million down on two papa John's large cheeses.

>> No.12672049

>>12672003
>but there isn't any tps limitations
And no limitations for them to invent an arbitrary number on a paper either!

>> No.12672066

>>12672049
implying that can't be done with btc
we are discussing scalability anyways

>> No.12672073

>>12672003
gold would be having a great day if it got above a few local transaction per day you delusional sand muncher.

>> No.12672083

>>12671958
why would you want to move gold around the world? its first and foremost a store of value not a medium of exchange, though it is good for that but not what its practically used for

>> No.12672124
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12672124

>>12671994
They start blocking dictators, then they continue blocking things that expose their bullshit, they will end up blocking anything that doesn't fit their agenda. Thankfully there's Bitcoin and thus anyone with a brain holding it will benefit. Keep coping tho.

>> No.12672145

this thread is full of fucking retards and paid fudders
gold is INCOMPATIBLE with the digital world
the digital world needs a store of value and it is bitcoin
100k next few years like it or not fucking jews

>> No.12672148
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12672148

>>12672003
Yes, there is the physical limitation of time and resources spent moving the physical, that is if it isn't stolen while it's moved during geopolitical clusterfucks.

By the time you get stopped at a border trying to cross it with your gold and all of it (((confiscated))) while Bitcoin masterrac moves $trillions worth seamlessly, you will understand why anything under $1,000,000 a coin is undervalued.

>> No.12672158
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12672158

>>12672083
>why would you want to move gold around the world?

>> No.12672173

>>12671756
>being unironically CSW on a Bukino Fasoan NNTP mailing list

>> No.12672174

why are the bulls never coming back

>> No.12672190
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12672190

>>12671929
>modern economy
As in the cultist of the Keynesianist religion get PhDs by proposing printing even more money and give "econ lesson time" about how modern economy works (modern economy as in infinite supply money backed by unpayable infinitely growing debt under limited resources leading the hyperconsumption of fiatola as every bit of it is a ticking timebomb in anyone's savings account due permanent inflation leading to destroying the environment, that, while claiming Bitcoin is unsustainable and bad for the environment)

>> No.12672193

>>12671756
this

anyone who actually knows anything about software knows that bitcoin can't scale currently and it's doubtful if it ever will

>> No.12672200

>>12672174

There were never any real bulls. Just mommas and poppas getting dumped on when the hypetrain happened. Same as every other bubble. No institutions, no banks, no governments and 99.9999% of all people, gives a fuck about crypto and the blockchain.

It's dead, it's over. And the only candle you miserable fucks huddle around, is /biz, youtube and medium.com shilling. You're pathethic.

>> No.12672210

>>12672190
>money printing
how to expose yourself as an idiot with no economic knowledge aside from fringe documentaries you watched

>> No.12672218

>>12672210
>conveniently ignore pic related
How to expose yourself as someone deep inside Krugman's anus.
>B-but I went to university and studied economics
kys

>> No.12672227
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12672227

>>12672193
>Im under the delusion that I know economics and im under the delusion that I know what Bitcoin is or how it works
why does this always come in packages

>> No.12672241

>>12671994
>>>12671882
>>blocking funds to a dictator
>Implying that was a problem. Based UK.
Only he was democratically elected, tard.

>> No.12672246

>>12672200
so the golden bull run hasn't happened yet?

>> No.12672250

>>12672210
>it's not money printing when we do it
Phew, I was anxious for a moment that my salary not changing over the last ten years while the price of buying a property has tripled from printed money was somehow a problem but you've helped me see its entirely the opposite! Cheers Mr Krugman, you're the best

>> No.12672254

>>12672148
Even if bitcoin sucked in all of the market cap from gold it would only be worth 470,000 per coin. If bitcoin ever did overtake gold it would be decades from now.

>> No.12672270

>>12672227
good luck with lightning network adoption, massive meme at this point

i know how bitcoin works btw, I bought in 2012 back when bitcoin threads were only on /g/ unlike your late adopter bagholding coping newfag ass. It doesn't scale and it's unlikely any feasible scaling solution will be developed and adopted anytime soon.

>> No.12672282

>>12672250
Please explain what you think "money printing" actually entails, I am curious.

>> No.12672309

>>12672282
changes in statutory reserve requirements on the quantity of base money held by depositories you retard nigger die poor

>> No.12672316

>>12672309
I wasn't asking you, retard

>> No.12672325

>>12672309
Also, that's incorrect. Sorry, you'll have to retake macroeconomics 101 next semester.

>> No.12672471

>>12672270
>it's the "I bought in 2012 LARP" again
>still thinks Bitcoin has to necessarily "scale" as in accessible for niggers buying KFC with BTC in order for it to succeed
kys

>> No.12672482

>>12672282
>please let me know if your argument is the same that I was spoonfeed with on UStardian economic's class

>> No.12672500

>>12672241
No sweetie. That's what they want you to believe. Ask any real Venezuelan. Like me.

>> No.12672588

>>12672282
Any policy that sees working men priced out of buying somewhere to live.

>> No.12672863

>>12672241
No he wasn't, but that's beside the point, (((they))) being able to block transactions at will and you defending it makes you a cuck.

>> No.12672871

>>12672003
There isnt tps limitations for btc either then, make wallets with 0.1btc on them and exchange on paper face to face, now it's like gold

>> No.12673870
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12673870