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/biz/ - Business & Finance

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27213323 No.27213323 [Reply] [Original]

What’s the point of so many cryptocurrencies?

>> No.27213401

what's the point of anything

>> No.27213441

>>27213401
You’re right

>> No.27213569

btc = digital gold, first to market; ltc = digital silver, second to market; doge = digital dog shit; xrp = centralized digital jew coin; eth = unscaleable global super computer, but hey number go up.

buy btc and if you can't buy ltc

>> No.27213575

>>27213323
It's a novel and powerful payment protocol and we don't really know what to do with it yet. We know some things that it's good for and some things that it might be good for. Everyone has their implementation and will compete market share.

>> No.27213580

>>27213323
they're scams
nobody is going to use anything except bitcoin, XMR, and maybe ethereum

>> No.27213627

>>27213569
Sex digits confirm

>> No.27213664

btc you're years late, xlm will be good, eth you're too late, LINK is a fun ride
everything else is shit

>> No.27213679

MUSE is part of a game. You play and stake while you play.

You are incentized to play because the coin will go up. You are incentivezed to buy into the coin because you're staking in game.

>> No.27213735

>>27213580
This, there's no functionality they offer that is necessary revolutionary or superior to existing software solutions in fintech it's basically like a collector card market

>> No.27213764

>>27213323
Pump and dump scams.

>> No.27213778
File: 157 KB, 658x622, 1611966465214.png [View same] [iqdb] [saucenao] [google]
27213778

While we're on the subject of crypto, what's a good place to actually buy crypto?

>> No.27213794

Seriously though. Also who is going to pay for this shit? LINK marines expect the price to hit 6 figures. What fucking company will pay for a service that expensive?

>> No.27213835

>>27213580
remember when people had palmpilots?
Remember when people had Pagers.
tech innovates

>> No.27213909

>>27213323
pump and dumps
thats all

>> No.27213956

>>27213323
It’s an interesting thing. Instead of having to gain capital, hope for grants, and go into vc debt to fund technology and research, just mint a billion erc20 tokens. That will fund your research and tech. We will see in the next few years an explosion of decentralized apps and financial platforms for the average man. Yes, there are a lot of shitcoins. But it is good for humanity in the long run, and bad for the tribe.

>> No.27214398

>>27213664
>too late
isn't this what everyone said when BTC hit 1k, 10k, and now 30k

>> No.27214479

>>27213794
Conveniently ignored

>> No.27214503

>>27213323
mostly to scam people

>> No.27214752

>>27213735
Try trading any asset off the major exchanges at any time with good liquidity and execution.
>possible with ERC20
Better yet try getting an asset on to the exchange without jumping through 8,000 hoops
Try doing an international wire transfer that settles quickly and with little complication
>hard mode: don't involve >1 financial institution
>ultra hard mode: zero financial institutions
Solve kiting in the current system of check clearing for the 21st century.
Find a way to physically move $100 billion that no one can steal from you or detect that you're carrying it.

>> No.27214777

>>27213323
Whats the point of so many websites?

>> No.27215050
File: 127 KB, 1280x720, bate.jpg [View same] [iqdb] [saucenao] [google]
27215050

>>27214777
Checked and witnessed

>> No.27215145

>>27213794
>still ignored
Lmao cryptos btfo

>> No.27215240

Can I make my own cryptocurrency and become rich?

>> No.27215249

>>27215145
>>27214479
>>27213794
hey sorry for late response
your mom buys the service

>> No.27215472
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27215472

>>27214777
checked

i'm only in this thread cause i have no clue how any of this shit works and im trying to learn about shitcoins and stocks. i am 20 years old and i only just now opened a bank account for the first time ever.
wish me luck /biz/ cause idk if my useless fucking life will go anywhere without exploiting this dumb shit going on in the world

>> No.27215574

>>27215240
I think that’s what the Indians do on here everyday.
>copy and paste coin code
>shill your shitcoin
>get neets to dumb their neetbux into your coin

>> No.27216128
File: 63 KB, 850x682, 1604596715825.jpg [View same] [iqdb] [saucenao] [google]
27216128

>>27215574
Sounds good. I have a particular gimmick to tack on it, which I'm sure will work in my favor.

>> No.27216424

>>27213323
Competing micro economies (aka monetary policy) and means of raising capital like a company issuing shares.

>> No.27216513
File: 71 KB, 1248x1200, How it should.png [View same] [iqdb] [saucenao] [google]
27216513

No point, Pic related is how it should be (With a couple of niche tokens)

>> No.27216636

>>27213323
enrich the founders and steal your BTC basically

>> No.27216708

>>27213569
>ltc = digital silver
show me your bags