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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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15907811 No.15907811 [Reply] [Original]

But biz told me it's going to be meme internet shitcoins...

>> No.15907830
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15907830

>>15907811
Go ahead and doubt us>>15907811

>> No.15907832

>>15907811
kek. 100x short btc now.

>> No.15907839

good luck cashing in your shitcoins when the next solar flare hits earth and destroys every single electronic device on the planet

>> No.15907851
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15907851

>system collapses
>electricity goes down
>bitcoin miners fucked stuck with coins they can't use
>have to scrap mining equipment for gold
>electricity returns
>but by now the Bitcoin Chain is... Hard Frozen

>> No.15907853

>>15907839
>solar flare hits pacific
>my shitcoins are still there


whats your point

>> No.15907879

>>15907851
>electricity goes down
In a situation this bad your gold is going to be just as worthless and hopefully you invested in gunpowder and guns.

>> No.15907933
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15907933

>>15907811
The crypto part is going to be XRP to act as a liquid global asset but gold is going to be what the sovereign currencies will return to. The Bank of England has been a Ripple customer for years and the Federal Reserve Faster Payment Task Force basically picked Ripple (FedNow). The Federal Reserve also had a comic book called Wishes and Rainbows which heavily alluded to a return to the gold standard.

>> No.15907956

>>15907811
I feel like silver would be more useful as it can function as a currency better as well as still being a precious metal.

>> No.15907972

>>15907879

this.

>> No.15907985

>>15907811
https://seekingalpha.com/article/4296036-central-bank-gold-buying-ramps

>> No.15908914

>>15907879
Right! Like money's didn't exist 150 years ago everyone bartered & raided

>> No.15908937

>>15908914
This. Just fucking LOL @ brainlets who think gold and silver will ever be worthless.

Then there’s also the fact that a currency collapse won’t lead to a complete breakdown in order

>> No.15908996

>>15907879
But the ancient Egyptians didn't have electricity and I'm pretty sure they really liked gold and silver.

>> No.15909026

Buying new batch of physical gold tomorrow. the FOMO is real

>> No.15909055

>>15908996
>ancient Egyptians didn't have electricity

>> No.15909059

>>15908914
150 years the whole global infrastructure wasn't based on electricity

>> No.15909066

>>15907839
We have much bigger problems than meme coins if that ever happens.

>> No.15909075

>>15908996
lel you dolt, what the fuck do you think the pyramids were for?

>> No.15909087

This way altcoins can finally get some attention.

>> No.15909097

i have 100 oz silver and 2 oz gold.

am i gunna maek it? :3

>> No.15909166

>>15907839
It'd only effect half the world if it did happen. The network would survive.

>> No.15909167

>>15909059
And it doesn't have to be

>> No.15909171

Did you even read the article? It comes off more pro crypto than pro gold

It says

" While the push for greater KYC/AML transparency is a growing global trend, and is hardly surprising in a world in which trillions in assets reside in "tax-evading" offshore jurisdiction, the remarkable aspect of this latest crackdown against crypto - which many see as a modern, more efficient form of "gold" - is the fact that invasive regulations and restrictions by central banks can be seen as yet another means of stockpiling precious assets. This time, not gold bars, but bitcoin and crypto."

>> No.15909182

>>15908996
Bro you need to watch some history channel right now

>> No.15909204
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15909204

>>15908996

>> No.15909205

>>15907811
Yeah, because we're totally putting you guys back in charge. The absolute state.

>> No.15909212

>>15909167
Do you seriously not get the difference here

>> No.15909246

>>15907851
a solar flair can only affect the sunny side of the earth
bitcoin wouldn't really be damaged besides some slow blocks for a month until readjustment

>> No.15909267
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15909267

>>15909075
mining spacecoin probably
there's a node on mar's moon, all the obelisks were nodes

>> No.15909276

>>15909167
it doesn't have to be, but if we want to maintain current efficiency and logistics we need it

>> No.15909289
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15909289

>b..but what happens when you lose your bitcorns in a solar flare

>> No.15909290

>>15907851
you realize that as long as there is a single person mining--a single person with, say, solar pannels--bitcoin will survive. and if the power never comes back on, we got far bigger problems, like 95% of people starving to death in the first month.