/biz/ - Business & Finance

[Anonymous No.29208300]

The real game theory behind bitcoin, is that it's not profitable to tell the truth about it, but it's highly profitable to perpetuate the lie and participate in the speculation.

Bitcoin is a fraud, and I know it's a fraud because I've been a participator in the fraud long enough to have come to see the truth.

[Anonymous No.29208311]

Gamestop was also really eye opening for me. How so many people previously uninterested in stocks would delude themselves about it being 'not for the money' as they fight against the mythical dragon of 'the suits' created by illusionists behind the pump and dump. Then they took clips of professionals warning against what was happening and used it as evidence to support the myth, when the truth is there was only one hedgefund that was seriously shorting gamestop, and yes they were shorting it too much, which was important to make the scam believable, but gamestop really was, and still is, overvalued. Yet noobs were easily led to believe that price discovery was a crime. Then the exchanges made it worse by limiting access for retail traders, which I agree was wrong, but it's needless to say all these retail traders lost tonnes of money anyway in that scam. Bitcoin is a much bigger version than gamestop. It's actually the perfect bubble, and I don't know when it'll be done.

[Anonymous No.29208427]

Also it's very to keep people ensnared in this fraud, because it's very hard to admit you're wrong about something you've devoted yourself so much to. I started to realise I'd been duped months ago, and it's only the massive profit I've made that's given me the courage to start telling the truth about it, to myself and to others.

[Anonymous No.29208514]

>>29208300
Back to pol nocoiner imbecile

[Anonymous No.29208821]

>>29208300
Fight the establishment by use your money to buy paper from the Jews, loser poor nigger faggot!!!!

[Anonymous No.29208991]

>>29208300
You stupid retard try to mine a coin for less than 40k and I will buy it.
You can't? Then the game theory is not based on lies

[Anonymous No.29209091]

>>29208311
>really was, and still is, overvalued
At what price? $10, lol no. $20, still no. $100, yes. $400, lol. $40, depends on Cohen's performance and how the chip shortage effects console sales in the coming quarters

t. bought at $12 and sold at $420

[Anonymous No.29209101]

>>29208991
Your reasoning puts the value of Bitcoin to zero

>markets fluctuate
>Bitcoin costs 40k to make
>Bitcoin value goes to less than 40k
>nobody (a part Chinese’s for nefarious reasons) will keep buying bitcoins

[Anonymous No.29209214]

>>29208300
China is the big money behind bitcoin. It's the perfect tool to undermine the USD, they know human greed will make people turn on their own country. Meanwhile in China, you'll literally be thrown in jail for complaining about government, currency or the economy.

[Anonymous No.29209287]

>>29208300
It's so fucking cringe when retards act as if they know what they're talking about.

[Anonymous No.29209317]

Communities within the cryptosphere may engage in deceptive pumping activities but that doesn't make bitcoin itself a fraud. Because if it's a fraud, who exactly is the fraudster? It's decentralized.

[Anonymous No.29209339]

The stock market and banking systems are debt schemes too...wats ur point?

[Anonymous No.29209354]

>>29208300
>Bitcoin is a fraud
https://www.youtube.com/watch?v=Xkg7dp1QY9k

[Anonymous No.29209400]

>>29208311
We are in a market environment where people are investing their life savings into things they don't understand. GME was a perfect example but btc's growth is, and always has been, fueled by the same mentality

[Anonymous No.29209428]

The real test of Bitcoin will be if it decouples from USD when hyperinflation hits. If it doesn't, it was a scam all along.

[Anonymous No.29209622]

>>29209428
It proved last March that it wasn't a safe haven in uncertain times. Luckily Wall Street was buying the capitulation - like usual.

[Anonymous No.29209709]

>>29208300
>>29208311
>>29208427
are you really from around here? we all know why gamestop failed, the true reason is precisely why we keep investing in crypto NYIIIGGA

[Anonymous No.29209845]

Centralized, bankless digital gold it is

[Anonymous No.29209867]

>>29209214
It's used to launder RMB out of China by corrupt CCP members. They'll put an end to it eventually.

[Anonymous No.29209903]

>>29208991
the cost of mining one bitcoin is actually around 6-8k anon

[Anonymous No.29209909]

>>29209317
There was no central fraudster in the gamestop event either, it's decentralized scamming.

[Anonymous No.29209994]

>>29209903
why aren't more people doing it? is it that hard, or time consuming? that would be a 8x-10x without much effort.

[Anonymous No.29210074]

>>29209622
the best part is that exchanges had to pump it with their own cash to avoid massive liquidation singularity were the shit unironically risked going to zero

[Anonymous No.29210083]

>>29209903
Wrong, even reddit analysis in r/investing put it at 40k

[Anonymous No.29210115]

>>29209994
because that's the price that you get if you have cheap electricity like in china and you also need to make a large initial investement

[Anonymous No.29210137]

>>29209428
It already decoupled

[Anonymous No.29210169]

>>29210083
https://www.forbes.com/sites/youngjoseph/2020/06/07/why-the-actual-cost-of-mining-bitcoin-can-leave-it-vulnerable-to-a-deep-correction/?sh=5861dea66067
>hhurd durr some leddit tranny make the caluclations and aktually it's way mole
stfu retard

[Anonymous No.29210178]

>>29209622
Even during the worse day supply on exchanges went down.
The price varied due to newfags and dxy going up due to normies fleeing the stock market.

You won't see an economic event of such magnitude ever again in your life.

[Anonymous No.29210188]

Have fun staying poor retard

[Anonymous No.29210265]

>>29210169
That's last year you fucking normie go back to r*ddit or pol.
do you fucking retard know what a difficulty adjustment really is? or what the hell the halving is?

Try to mine a coin for less than 40k i pay cash for it if you do.

[Anonymous No.29210318]

>>29208300
the truth is bitcoin is perfect and the rest is nocoiner cope

[Anonymous No.29210346]

>>29209994
Cause in most places in the civilized world it's a lot more than 6-8k per bitcoin.

[Anonymous No.29210414]

>>29210265
the article was made after the halving, and the only things that impact of the mining cost are the cost of mining equipment, halvings and electricity price none of this changed since then you god damn plebbit mongoloid

[Anonymous No.29210425]

>>29209909
gme tards scammed themselves
same as fucks who buy shitcoin pumps and sell the dump

[Anonymous No.29210474]

Assuming that this is all a big bubble (perhaps it seems too good to be true), will there be any crypto left? will there be any proverbial cockroaches that will continue to exist (to function meaningfully and to be profitable)? is it all really just a meme? are the elites getting the influencers to shill crypto to the masses, in order to short them and promulgate the great reset?

[Anonymous No.29210516]

>>29210414
Yes they did changed difficulty adjusted up every week.

[Anonymous No.29210547]

>>29208300
>>29208311
>>29208427
bitcoin is a failed project, but your own analysis is mostly a bluepill limited by low iq
it's very much like looking at rednecks supporting trump and concluding trump himself is dumb because of that
popular support for an idea is independent of the intrinsic value of said idea
incidentally, you are closer to the truth than you think: the entire value proposition of cryptocurrency is to engineer a pacifist revolution through economic incentives
bitcoin held the flag from 2009 to 2015-2016 (roughly the blockstream takeover). ethereum is now spearheaded efforts in that direction, and so far has resisted ultracapitalist attempts to subvert it. gavin wood fucked off to do DOT and got his bailout denied, charles hoskinson ran away to ada, emin gun sirer filtered himself into avax
ethereum may or may not succeed but the idea of a silent uprising is hard to kill amongst the truly intellectually gifted. crypto is the most likely vehicle for revolution and will likely endure in whatever form

[Anonymous No.29210570]

>>29210474
its possible that no crypto you can buy today will make it in the end. maybe that crypto everyone accepts hasn't been made yet. much more likely than a shitcoin shill being right about his pet project out of 10000 shitcoins.

[Anonymous No.29210625]

>>29208300
good morning, Tel Aviv!

[Anonymous No.29210647]

>>29210547
>bitcoin is a failed project
thats also nocoiner cope. bitcoin never failed me.

[Anonymous No.29210779]

Yeah and thats why i stoppes playing the game. Just feels dirty now. I miss being a noob and thinking it was about changing the world and that i was part of a good cause.
My hatred towards crypto and its greedy community has made me incapable of investing the same way i did before. Now i just wish all of this burns down to ashes

[Anonymous No.29210863]

>>29208300

I sold something online and someone reported to their bank it was fraud. My bank refused to let me speak to the fraud team, ignored my phone calls, closed all my accounts, refused to look at evidence of the sale. After multiple complaints I can only now send it to the financial ombudsman. Froze all my money in the accounts after 6 years of customer history over £350.

I mean... At the end of the day, I'd rather pay my money and take my chances when buying something. I have fuck all protection buying from china anyway. I run 3 webshops and pretty much will be accepting crypto for all my businesses.

Oh my business bank account just decided they want to start charging monthly. Now £10/mo over 3 businesses adds up to £360/year just to store a few thousand in cashflow. Try and move to another bank, oh we will accept this business, oh that one we don't like, oh that ones is ok but we need 5 years of trading history... Oh you've had it open 2 years...

The whole system is a fucking joke. You start trying to accept credit cards and oh paypal banned you and held your funds for 6 months, oh you have to pay £30/mo to rent a card reader from us that you don't want or need. Oh your 12 month contract is up 1.6% is now 3% or fuck off and go through 2 months of compliance with another company any lose sales.

It's a never ending fucking shitshow. oh someone is reporting they never received their item, oh they gave you the wrong address, oh they still reporting it... Now I have to deal with that again.

Who would have thought that being able to shove a few digits around on a decentralised ledger would have any utility to the average person what so ever. And don't give me that digital gold shit... Who the fuck want's gold.

[Anonymous No.29211019]

>>29210425
Elon bought before scamming it to suckers

[Anonymous No.29211020]

>>29210779
so basically you lost and now bitter and scared i see

[Anonymous No.29211055]

>>29210414
You don’t even know what difficulty adjustment is, huh?

[Anonymous No.29211085]

>>29211019
its your fault if you buy and sell shit based on social media and influencers.
i have no pity for the herd they are what we trade against to make money.

[Anonymous No.29211117]

It's just so than expensive. Bitcoin is the "Emperor's New Clothes" of the crypto industry.

[Anonymous No.29211231]

>>29209287
I'm glad people like you exist, because it takes the weight off my conscience knowing I've made my money from unwitting idiots like you buying my bags on a scam

>>29209339
That's not relevant to my point at all

[Anonymous No.29211239]

>>29211117
*damn expensive

[Anonymous No.29211295]

>>29209400
Bingo

>>29209709
Yes, I've been a /biz/raeli sine 2015 when I used to make precious metals threads after buying gold when I got my first job

[Anonymous No.29211342]

>>29211020
>lost
I made a good chunk of money. It just feels dirty. At the end of the day, i know most of it came from people who watched their portfolio go down 60% to 80% and felt like complete shit. Some may even have ended up killing themselves.
Same thing will happen to the people who buy into the scam at 100k and it just feels dirty as fuck now trying to profit off it knowing whats going to happen.
Reading some of the messages ive read back in 2018 made me feel like shit but most of the people here dont give a shit because they are borderline sociopaths.
And then when it goes down the hordes of shills will come out of the woodwork to say "dont despair! Hodl! Bitcoin always goes back up!" But reality is that theres gonna be one time where it wont go back up. None of these fucking clowns on CNBC holding 5 digits of BTC give 2 fucks about any of you. They probably dont give a fuck about BTC either besides the fact that its a great opportunity to profit

[Anonymous No.29211414]

>>29210547
You are a prime example of what I'm talking about. Keep drinking the cool aid.

The sad thing is, I can tell you are probably actually experienced enough like me to know it's all a scam, but haven't been able to come to terms with being wrong for years yet.

[Anonymous No.29211434]

>>29211055
yes it's based on how many retards are mining it but there hasn't been a significant increase in miners

[Anonymous No.29211435]

>>29208300
take your meds buddy

[Anonymous No.29211453]

>>29210779
I hope it fizzles out rather than goes with a bang.

That way they won't come looking for us.

[Anonymous No.29211489]

>>29211435
I wish the doctors would give me some, honestly

[Anonymous No.29211560]

>>29209101
>what is difficulty adjustment

[Anonymous No.29211627]

>>29211342
bullshit no money i ever made felt dirty you are larping

[Anonymous No.29211667]

>>29211020
>so basically Im gonna pretend you said the opposite of what you said. I win.

[Anonymous No.29211698]

>>29210547
>popular support for an idea is independent of the intrinsic value of said idea
It's an asset on a market you dunce. The value of it is entirely dependent on support for the idea.

[Anonymous No.29211702]

>>29211667
people lie and larp here to make them feel better non stop

[Anonymous No.29211762]

>>29211342
Wealth distribution from the stupid to the clever. Trying to get rich quick from bubbles is degenerate as hell and them losing their money is punishment for their greed.

[Anonymous No.29211765]

>>29211560
No one buying cares about the cost of mining one bitcoin.
Ajustment only happens every 2000 or so blocks and hash rate has to drop significantly which scares the market which tanks the price further
>>29211627
Yeah youre part of the sociopaths euphoric about taking away money from sucker retail buyers that probably were left in ruins. Not surprising given the sick state of our world. People like me are a minority

[Anonymous No.29211869]

>>29211702
Dude go away, I can tell just from the posts that your IQ is about 30 points lower than of the people you're replying to.
>me hold crypto
>me reeee at every fud poster

[Anonymous No.29211914]

>>29208300

You will never be able to afford a single bitcoin.

And you'll never be a woman.

[Anonymous No.29211997]

>>29211698
it never ceases to amaze me how average IQ people can manage to misunderstand a simple argument even when it is spelled out for them, simply because literacy alone is a challenge
bitcoin (the idea) is infinitely more valuable than bitcoin core (the asset normalfags care about)
good ideas live on and manifest in different ways. the bitcoin idea of 2009 is currently called ethereum. it might have a different name 5 years from now
i can't make it any simpler. if you still can't understand the point, you'll have to look for someone else to teach you

[Anonymous No.29212025]

>>29211914
Isn't the point of this shit to incentive people to buy in, not to demoralize them from doing it so? I think you got it backwards.

[Anonymous No.29212029]

>>29208300
delete this

[Anonymous No.29212031]

>>29211762
I would be more ok with it if the crypto shills didnt emotionally manipulate these people into making bad financial decisions.
Telling people "buy into this, its the future currency of the world, the usd is gonna burn and hyperinflate, youre gonna lose everything, all the money you have will be worthless, this is your chance to escape financial destruction" to people regular people who arent savy and are just looking for a safeguard in this sick and unpredictable world isnt exactly what i would define as moral.
You need to understand that what ive said isnt the minority when it comes to shilling bitcoin, even on mediums like CNBC. at least gold gloom and doomers shill people into an asset that is mainly not volatile.
Gloom and doom over an asset that has tanked 50 to 80% in a single day multiple times in the past is just irresponsible and immoral

[Anonymous No.29212188]

>>29212031
Comments like those can be pushy and manipulative. On the other hand, I do believe they are true. The dollar is not doing well, and bitcoin is a out that we didn't have before. Call me a maximalist but I trust it more than fiat any day - even with the volatility. For me, it has been the single best financial decision of my life. And yes I bought at a top.

[Anonymous No.29212350]

>>29211434
such a midwit, it hurts. literally the opposite of true.
since the article was written, the amount of mining on the bitcoin network has increased from 13Th to 21Th
https://m.btc.com/stats/diff

[Anonymous No.29212406]

>>29211414
it's natural for you to be upset at your intelligence being called out, this is common in your range. please tune out your emotions for a moment, and consider intelligence is mostly genetic. there is no greater merit for someone to be born smarter, and there is no shame on you for not being as gifted. if anything, there would be greater merit on someone with less to achieve more
with that in mind, you don't need to embarass yourself with nonsensical retorts. telling some guy who just told you "bitcoin failed" and "ethereum might fail" he's falling for the scam makes no sense if you think about it logically. anyone with that point of view is either out of the market entirely or has hedged significantly

[Anonymous No.29212447]

>>29210863
what on earth are you even trying to say with this retarded blogpost

[Anonymous No.29212494]

>>29211997
take of the week.
well put

[Anonymous No.29212591]

>>29208300
be profitable, be API3

[Anonymous No.29212976]

>>29211997
>the bitcoin idea of 2009 is currently called ethereum. it might have a different name 5 years from now
Do you have any potential candidates for the title? Polkadot?

[Anonymous No.29213046]

this entire board is nothing but low IQ essays about things the people writing them are clearly clueless about

[Anonymous No.29213285]

>>29208300
I can feel that butt-hurt

[Anonymous No.29213513]

>>29208300
Everyone here in /biz/ knows it, we're not fucking reddit. The FED is going to nuke it as soon as it poses any threat, but it's allowing it to grow until then because everybody and their fucking grandmother is speculating like crazy and doing the most of the BTC long bullrun until it's time to paint it as a dangerous currency and they just switch it off from the legal infrastructure they've built their official digital currencies upon it.

[Anonymous No.29213619]

>>29208300
Elon Musk was bang on when he tweeted that BTC was a scam but only slightly less scammy than fiat. Ironically the people who believe it to be a fraud are the only ones who will make money from it since they would know better than anyone when to jump ship. BTC maxis will go down as the most deranged bagholders this side of GME

[Anonymous No.29213667]

>>29209214
This fud has been use for atleast 10 years
"hur dur bitcoin is controled by china"
Shut the fuck up retard.

[Anonymous No.29213732]

>>29208300
you are right that crypto investing is different from most investing in that many of the people have developed beliefs and become attached to grand visions about their crypto holdings. Sure, people are optimistic about companies they invest in, but you never see "new paradigm" type of posting about a company here, for instance. People are able to easily detach themselves from those things and take profits at a 2x or whatever. Whereas the true believers in a coin will keep pumping and pumping, even when price has long been detached from reality. In fact, it helps that there is very little fundamentals that can be pointed to when it comes to most crypto, because then it let's you fill in the details with your overactive imagination.

[Anonymous No.29213923]

>>29210474
You are now in the correct bandwidth needed to understand this thing, congrats.

They will make their own "crypto" global fiat-based digital coin. Once BTC is not needed anymore to build the legal blockchain and digital exchange ecosystem, once they've milked it enough, they will ban it, it will pop and disappear. The real game is riding the tiger and predicting when they're going to do it, so you dump it just before they do.

Immediately, they will push the official NWO coin via all their media, celebrities, central banking regulation, etc. BTC will crushed and maybe, just maybe, one of the many existing projects with satanic/masonic "wink wink" logos they are cultivating right now proves itself worthy and is the chosen one to be that NWOc. Most probably, they will develop such coin internally and just drop it on us without warning any day.

[Anonymous No.29214094]

>>29212350
Nocoiners are mentally retarded

[Anonymous No.29214143]

>>29208300
>blah
57k obliterated, kek

[Anonymous No.29214267]

>>29211997
You ARE average IQ you complete mong. You think you're above average IQ because you compare yourself to the IQ of the entire human species. Guess what, if you actually took the IQ of all productive people, you would be smack bang on average. You don't have an argument. The IDEA of blockchain has been around for way longer than bitcoin has been around (you didn't know that) and the IDEA was basically worthless then because no one actually supported it. We live in a market economy. That means if an idea doesn't take off then it has no value to that economy. Make sense?
>>29212031
They actually believe it until suddenly they start seeing it going down and then their belief falters and they sell as quick as possible. They're almost as emotionally invested as they are financially invested. It is immoral but what are you going to do? Retards who bet the farm on gambles that they know nothing about basically don't deserve to have any money beyond basic living expenses. Call me callous but it's the way it is in the casino economy we live in. But I agree that shilling is fundamentally wrong. Make your gains and sell but don't push it on others.

[Anonymous No.29214332]

>>29209339
When people post this it makes me lol. A sure sign they are borderline retarded and don't know how anything in this world really works. You will die poor

[Anonymous No.29214342]

>>29213923
the president of the boston fed said as much yesterday-
“I would suspect, down the road, that a number of central banks will have digital currency,” he said. “When there is a digital currency available, other than the underground economy, it’s not clear why people would use Bitcoin.”

these speculative bubbles only hasten this. and it makes those arguments you see all the time about JUST HODL BITCOIN FOREVER AND YOU WILL MAKE IT completely retarded.

[Anonymous No.29214464]

watch the montage

>>29214010

[Anonymous No.29214750]

Absolute state of this board and the terrible discussion in these terrible threads

[Anonymous No.29215036]

>>29213923
The logic here falls apart instantly because the only way they can gain momentum with newcoin is to make it easily swappable with BTC, which they can't do if they ban BTC.

[Anonymous No.29215104]

>>29214750
They're just mad they missed the train

Little do they know it's still early, they just can't convince themselves of that because they'd rather hate themselves.

[Anonymous No.29215119]

>>29215036
>he thinks central banks need to "gain momentum" as if they're a startup or issuing a shit coin

[Anonymous No.29215266]

>>29215036
We're right now in the nexus between both scenarios, retard. They are allowing people to exchange NWOcoin official blockchain products with BTC and shitcoins RIGHT NOW, we are in that momentum phase you mentioned. This is only accelerating and will keep doing it for a while... and, as I said, once they've milked the underground crypto market enough, they will bogdanoff it and shut it down completely, making the transition to the official stable crypto seamless.

[Anonymous No.29215601]

>>29215266
You severely overestimate boomers understanding of ANY of this.

The entire worlds financial systems run on 40 year old technology. No actual important people at banks or hedge funds actually really understand crypto, and definitely not enough to build/choose their own as a foolproof future currency.

They will cling to USD until their dying breaths.

[Anonymous No.29215652]

>>29208427
>it's only the massive profit I've made that's given me the courage to start telling the truth about it, to myself and to others.
wow anon you are so brave godspeed to you and your schizo mission

[Anonymous No.29215692]

Bitcoins true worth was darknet market trades for a long time.

[Anonymous No.29215838]

you guys don't get it.
The whole point of the blockchain is that is trustless and trust is the most valuable thing.
When you understand this it'll make sense to you.

[Anonymous No.29215898]

>>29215601
it will be hillarious when bitcoin reaches 700k in 2024 and boomers try to rush cbdcs which are centralized sql databases and shit starts to collapse before it is even running.

[Anonymous No.29215978]

>>29214342
>it’s not clear why people would use Bitcoin.

Because aml regulations are communist, 21 years ago before 9/11 bank privacy was a right, now they close accounts because you receive 5 usd from someone they don't like.

50 years ago you could buy a house with two 10k usd cash bills.

Bitcoin is freedom = Academia CBDCs are feudalism.

[Anonymous No.29215996]

>>29209903
in my cunt its well above 55k

[Anonymous No.29215995]

>>29212406
not reading all that

[Anonymous No.29216065]

>>29208300
sorry you missed out

r/buttcoin is perhaps more up your alley

[Anonymous No.29216132]

>>29208300
>Gamestop was also really eye opening for me.
you sound pretty blind to me OP.

[Anonymous No.29216173]

>>29210647
bitcoin failed because its not as decentralized as it was envisioned, its not as cheap as envisioned and it didint scale as envisioned. bitcoin IS NOT P2P cash. neither is any of its big block forks. bitcoin has not succeeded in its original purpose, it is now digital gold

[Anonymous No.29216221]

>>29208821
the jews already control bitcoin retard. use gold

[Anonymous No.29216539]

>>29216221
the only one that can change bitcoins supply is blockstream and hopefully never change the supply although they most likely will in the far off future...
I can't really think of a crypto that doesn't have someone overseeing it now that I think about it, that kind of sucks.

[Anonymous No.29216583]

I consider buying crypto to be something like buying futures in financial technology

[Anonymous No.29216599]

>>29210137
Delusional lol

[Anonymous No.29216601]

>>29216539
>the only one that can change bitcoins supply is blockstream
they can change whatever the fuck they want, miners and nodes will not comply if its stupid

[Anonymous No.29216699]

>>29211231

to >>29209339 's point ..

USD and Fiat currencies are a big fraud too, they're propped up by the "full faith and trust of the issuing entity" ... Even though that entity is increasing real inflation by 10%+ per year

It's a hedge much like Gold, if enough people believe it to be so then it manifests itself as such.

Shiny rocks hold even less value than a collective agreement to hold one blockchain as a consensus store of value (given the obvious benefits of a blockchain-based currency over a metals-based currency)

[Anonymous No.29216839]

>>29209622

>bounced back and exploded 20x over

what the fuck are you on about? fear dumped the market. in 2008/2009 Gold and Silver did the exact same thing

[Anonymous No.29216899]

>>29213923

ah so this is an elaborate XRP-schizo thread

you guys are getting creative

[Anonymous No.29216946]

>>29215692
bingo, a way to transfer not BE money

[Anonymous No.29217082]

>>29210863
>>29212447

he's saying that anyone with a real business checking account knows you get fucked over by the bank constantly. death be a thousand cuts

It costs literally nothing to keep your value in the blockchain

[Anonymous No.29217231]

>>29215995

>proves >>29212406 's point in in 4 words

yep i'm thinking this guy is retarded

[Anonymous No.29217296]

>>29216839
>what the fuck are you on about?

He's coping about being priced out forever. He will never own a single bitcoin and be forever poor.

Sour grapes basically.

[Anonymous No.29217670]

>>29208311
Did it take you that long? I kmew what bubble behaviour is since runesvape granf d exvhange at age 13.

[Anonymous No.29217814]

>>29208300
>bitcoin price rises
>NORMIES, not DAYTRADERS, NORMIES, fomo in and hold
>bitcoin price rises
>normies repeat the above

This is why the bitcoin price is rising baka you faggots need to learn to think

[Anonymous No.29218171]

Fuck off OP you stupid clueless nocoiner faggot.

[Anonymous No.29218270]

If you haven't grasped it yet:
Crypto is a means to keep financial and social tensions within manageable levels during the transition period of the fourth industrial revolution by effectively serving as a buffer for inflation.
The whole crypto industry is directly tied to FIAT currency, even if the conartists tell you otherwise - this 'decentralization' trend is just a means to avoid litigation once the greatest rugpull in the history of mankind takes place.
Besides baiting cattle into funneling their (to-be hyperinflated) FIAT curreny into staking traps (effectively locking up FIAT currency, countering inflation on the shortterm) with empty promises of effortless accumulation of wealth, the crypto frenzy also eases cattle into an 'as service' economic system.
Meanwhile the big player, those who sit on generational accumulated wealth, are free to print more money through those markets, free to lobby crypto out of existence once it has fulfilled its purpose and free to replace these scams with their own.
Now you might be tempted to argue in favor of decentralization and conjure up feverdream-esque scenario in which the people running this show will just sit by as autists and NPCs LARPing as such usurp their thrones, but then tell me, even in the best case scenario decentralization boils down to 'democratic governance'... how did that pan out for your nations?

But I digress, tell me, how do you figure does the whole market pan out longterm, given, again, the whole thing lives off of FIAT currency. Naturally, the harder the printer goes BRR, the more FIAT will eventually wind up in the crypto industry - most of which will be locked through staking or just disappear through 'glitches' and smaller rugpulls along the way.

In short: crypto is FIAT 1.9 - a tool of transition towards FIAT 2.0 - which will see private property abolished, the illusion of choice replaced with the age-old monopolized system that is fueled by the creation of 'value' ex nihilo. cont.

[Anonymous No.29218487]

>>29218270
If you in this market for any other reason than to print worthless FIAT currency in order to accumulate real wealth with it (natural resources, real estate, ...) - I feel really, really sorry for you.

The devil is a squirrel, has had a headstart of atleast a couple of centuries and should ultimately be your rolemodel.
This ship (and I don't refer to crypto here, but the whole damn thing) is about to sink one way or another, you better work on your lifeboats.

[Anonymous No.29218743]

>>29218270
I have been telling these retards this shit for years, they aren't gonna get it. At least most of them won't. They have gold fever and think meme tokens are gonna make them rich kek. Sad to see really how easily the goyim are fooled.

>look at these imaginary tokens in la la land goy, this is how you beat us.

stupid goy always choose their own poison but never realize they had a choice to begin with. Hegelian dietetics are simple but effective against the braindead meat puppets we are forced to share this planet with

[Anonymous No.29218868]

>>29218487
I've forgot to mention, for the time being the printers are substituted in crypto with fractional ownership.
Print money with crypto, move it into actual valueables. Have a nice day.

[Anonymous No.29218871]

>>29215995
>lol you're a brainlet
>pfft tl;dr

[Anonymous No.29218920]

>>29218270
>>29218487
I'm not selling any to you or anyone else who offers fiat. You can keep it bobo.

[Anonymous No.29218971]

>>29212406
>>29210547
What's your take on BSV, and XMR?

Thanks

[Anonymous No.29219179]

>>29218920
You missed the point. By the end of 2023 none of the currently existing crypto currencies will be worth a single, most the projects will be smited out of existence and a couple of chosen ones will be renamed and integrated into CBDCs.
Realize that you'll eventually have to exit and have a plan for that.

[Anonymous No.29219273]

>>29213513
Why would they turn off such a lucrative ownership tool? Trackable, taxable, in demand. Only a fool would not allow the sheep to chain themselves.

[Anonymous No.29219461]

>>29219179
Listen here red id. I am not selling. Government can go fuck off. Not selling. Never. Klaus can suck my dick.

[Anonymous No.29219522]

>>29215601
Good i hope so

[Anonymous No.29219599]

The original idea is great, unfortunately it became a ponzi backed by greed and manipulated by exchanges.

BTC is slow and not anonymous, chain analysis is real and tainted coins exists.
ETH is not truly decentralized, already rolled back the chain and still to this day there is no real use case for smart contracts.
Tether prints fake money every day to pump prices.
Well, right now all you can do is try to surf this speculative wave and make some money.
99% of users never downloaded a wallet, only have coins in the exchange waiting the number go up, never synced a node and made a transaction.

[Anonymous No.29219623]

>>29219179
yeah they're not going to let bitcoin get to a million.I hope they ban it worldwide so i can get a few bitcoins as collectibles though.

[Anonymous No.29219626]

>>29219179
it's funny how people said almost the same exact thing about the crash in 2018 and yet the vast majority of projects I was aware of that were around then are still around in some capacity today.

[Anonymous No.29219723]

>>29208300
kike fiat is a fraud.

[Anonymous No.29219750]

>>29219599
>s not truly decentralized, already rolled back the chain and still to this day there is no real use case for smart contracts.
there's plenty of uses for smart contracts, its just a matter of institutions adopting it.

[Anonymous No.29219914]

>>29219750
All the use cases I saw so far were ICOs exit scamming.

[Anonymous No.29219944]

>>29219461
That is okay. Don't sell, ever. But please, screencap my posts and look at them in two years. Why? Simple, in two years time, when all hell breaks lose and the rugpull hits and annihilates all the gains you could have realized, you'll feel betrayed by everyone, you'll consider everone to be out for your blood and there to be not a single human being who acts in good faith, without ill intentions.
That is when I want you to look at the screencaps, so you understand that no, the world is not filled to the brim with people who are out there to hurt you - it's just that you are an idiot who can't tell the difference between someone shilling you a scam and someone telling you to be fucking careful with what you do and to have a exit plan sorted out BEFORE shit hits the fan.

[Anonymous No.29219952]

>>29219599
try monero

[Anonymous No.29220022]

>>29209400
Good, I love it when retards lose their houses and grandmas medicine money because they put in more than they can afford to lose.

[Anonymous No.29220150]

>>29219914
okay I'm going to mention an example, voting.
If voting were implemented in the blockchain it'd be 100% fraud proof.
But ((they)) are probably not thrilled about that.

[Anonymous No.29220173]

>>29219273
Though banned, maligned and penally persecuted in the NWO countries, the BTC market will keep existing. As a way for rogue nations (Iran, Venezuela, etc.) to commerce outside the central banking fiat market that bans them and punish commerce with them, criminal enterprises and general money laundering. In anyway, far from being the decentralized anonymous anti-central banking global currency utopians sell you.

[Anonymous No.29220275]

>>29209867
this

[Anonymous No.29220309]

>>29219626
That was just testing the waters - if you don't understand the subtext of the current narrative and why this time is significantly diffrent from 2018, I don't know what to tell you.

[Anonymous No.29220409]

>>29218868
yo what a fucking cute scene dude for real

[Anonymous No.29220410]

>>29208300
but I don't want my enemies to own bitcoin, and you too

[Anonymous No.29220418]

>>29220309
I know it's different, everyone does.

[Anonymous No.29220456]

>>29219273
Plus, all their NWOcoins will be trackable, taxable, in demand. They love the blockchain tech for it and for the endless possibilities it brings to the table in terms of monitoring the behavior of the global population on a god-view level. Don't forget their goal is to make it so, in the near future, no one will ever be able to exit their bank anymore, everything will be trackeable, taxable and demand will be guaranteed by making it the obligatory currency to pay taxes and staking-like rewardsystems. Everything you do and say will be tracked and appropriately taxed. All thanks to the ball Satoshi got going.

[Anonymous No.29220463]

>>29219944
>in two years time
so it's two years? we have that much time? how can you be sure it wont ha

[Anonymous No.29221170]

>>29220463
Obviously, it could happen sooner. My bet is 2023 however, because they'll now slowly and steadily move their shill campaigns from 'social media' and communication channels like it (imageboards etc) to their offical MSM venues.
They'll use the next two years to establish a state-sanctioned crypto narrative, starting with large scale exposure through economy forums and what have you. Then they'll start manufacturing controversy which they'll use to aggressively regulate crypto - which they'd otherwise have to do incrementally and with feedback mechanisms, because if they play their hand to boldly they'll lose the support of more NPCs (e.g.: GME).
Meanwhile they'll integrate their own CBDCs (FIAT 2.0 scamcoins) into absolutely every system relevant to daily life, so that, once they kill their inflation buffer (read: current crypto), everyone will absolutely depend on their systems - no matter what.
Even the promising tech projects will officially be killed (directly through state sanction bullshit or through more convoluted nonsense, e.g. death of the team, controversy, yadayada) and silently assimilated (if they haven't already behind the scenes).

If they did rush this transition they'd risk more or less global social/financial tensions (and doubt) which simply cannot be sustained and would culminate in unnecessary loss of infrastucture and influence (propaganda has its limits).

[Anonymous No.29221388]

Have fun staying poor

[Anonymous No.29221536]

>>29219952
Yeah, I really liked the cryptonote protocol, but bytecoin did shit with premine and fluffypony made inside trading to buy fancy watches and then went full on "ethereum killer" tari token. But even with that, seems to be the only coin with a real use case. Aeon would be better if it didn't went asic friendly.


>>29220150
Yeah, that's a real use case for blockchains, however you will need some central authority to verify IDs. So maybe it's just better to vote on a public ledger with something like a web of trust, no need to mine, just certificates.

[Anonymous No.29221564]

>>29221170
Addendum:

To clarify: GME was meant to funnel more people into crypto, but the sideeffects of it was an increase of general doubt in the current systems. This spark of doubt needs to be contained and people need to be strung along.

Two years should be a conservative guess, given that the behaviour of the general populace has been shifted within 1.5yrs to such extent that mere scarcity tactics are enough to convince NPCs that they really, really need to get jabbed with an experimental vaccine (that might as well not even be a vaccine) for a disease that might only exist in the form of false positives of a broken test.

[Anonymous No.29222427]

>>29220456
Satoshi did nothing wrong. The powers that be will always try to subvert that which man has created for himself. Btc has been over taken. Prices massively inflated too fast, most people don't ownany. Mist people don't know are care that it's trackable and taxable, ensuring their own demise. Only interested in number go up. I believe btc is truly revolutionary, sadly just not anymore. Privacy is the true revolution.

[Anonymous No.29223023]

>>29209214
This is actually true. Good money chases out bad. This is the same reason that governments “hire” bullion banks to manipulate the gold and silver markets. If gold and silver were ever traded at market value, the fiat system would collapse as the illusion would be shattered. DXY is a relative strength against other fiat, but all of them are losing value absolutely.

However, BTC cannot be manipulated in the same way. So companies dumping dollars and jumping into BTC is what they would have done for gold and silver had they been allowed to be valued freely (that will come soon enough). So BTC is very subversive to National fiat currencies. So China does what it does best and subverts the US. Here, it is subsidizing BTC with discounted power in order to help it along. As BTC grows, more and more people will begin to trust their labor value storage with BTC than US dollars (and other western currencies). Nigeria is a prime example. China is susceptible to the same dangers, but they are authoritarian and can impose restrictions on their people through various means making sure that this currency subversion doesn’t harm them nearly as much as it harms everyone else (digital Yuan is helping with this).

So at the end of the day, China is subverting all non-Chinese fiat currencies by providing resources to the BTC network. It’s another of their many long term subversion plans for a China dominated world.

But you bet your ass I own some.

[OP No.29223902]

>>29216699
>USD and Fiat currencies are a big fraud too, they're propped up by the "full faith and trust of the issuing entity" ... Even though that entity is increasing real inflation by 10%+ per year
Yes

>It's a hedge much like Gold, if enough people believe it to be so then it manifests itself as such.
No because gold can't be destroyed like bitcoin can. It would cost way more to destroy the entire network with a Goldfinger attack than it would to mine a tonne of gold from an asteroid, and add it to the other 170,000 tonnes we've got

>Shiny rocks hold even less value than a collective agreement to hold one blockchain as a consensus store of value (given the obvious benefits of a blockchain-based currency over a metals-based currency)
See above.

>>29216899
XRP is a scam too

>>29217231
>gaslighting attempt denied
>more gaslighting
you're not even good at it

>>29217670
Yeah it did, I've always been slow, but I always come round eventually.

[OP No.29224167]

>>29223023
>China is the big money behind bitcoin. It's the perfect tool to undermine the USD, they know human greed will make people turn on their own country. Meanwhile in China, you'll literally be thrown in jail for complaining about government, currency or the economy.
Correct. China bans it's citizens from buying bitcoin, because its a complete liability that provides no value to china's vision.
Mining is ok though because it uses otherwise wasted energy to sell even more crap to Americans, as well as giving the Chinese power over Americans through bitcoins lousy security mechanism.

>>29223023
>You bet your ass I own some Chinese controlled subversion mechanism designed to gain power over the people who own it
Hmm

[Anonymous No.29224471]

>>29224167
China is subverting a US system that was already subverted by kikes. The US system hates me more than the chinks do. I have no loyalty to this bullshit kikery. If the chinks want to destroy the system that enslaves me, so be it. Maybe whites can get a better deal under chinks than they currently have under kikes. Because at this point, fuck the US. I would rather watch it burn that let the kikes keep running it and giving all the benefits to niggers and faggots.

[OP No.29224690]

>>29224471
pretty retarded desu