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

/biz/ - Business & Finance

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3359048 No.3359048 [Reply] [Original]

You're all aware of the fact that every single coin in existence is just FIAT, right?

>> No.3359053

nice just sold 100k

>> No.3359057

so some Jewish bankers can just create more BTC at will? oh no

>> No.3359066

>>3359048
you dont know what fiat means?

>> No.3359311

gold is fiat too

le intrinsec value is bullshit

value is always subjective
austrian economics
mises
anything else is pseudoscience

the only objective stuff are the things' characteristics

even your wife is fiat too

>> No.3359343

>>3359048
I didn't know all coins were backed by a government, let alone any of them.

>> No.3359374

yo dawg i heard you liked store of value in your store of value.

>> No.3359950

>>3359048
yes yes your right but you can keep printing your fiat, by the trillions, so my BTC represents evermore of your fiat per BTC. See how that works.

My btc used to represent less than 1c per BTC....think about it

>> No.3360056
File: 171 KB, 2342x794, fiat inflation vs bitcoin inflation.png [View same] [iqdb] [saucenao] [google]
3360056

>>3359950
This guy gets it.

It's not that BTC is appreciating, fiat cuckrrencies are DEPRECATING.

>> No.3360081

>starts a thread with a ridiculous claim
>pretends its supposed to be common knowledge

OP is a loser.

>> No.3360111
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3360111

>>3359048
> FIAT

No. Fiat's value is enforced with a thread of violence. Nobody forced you to buy shit coin but your own greed and stupidity, ancap scum.

>> No.3360132

>>3360111
w-we arethe smart money!!!

>> No.3360305

Even in the vaguest definition, 'with the support of authority', most crypto is absolutely not fiat.
The original developer behind bitcoin is flat out gone. The closest thing to authority there is the miners.

>> No.3360307

for fuck sake, we all know that money doesn't have any inherent value, but it does need to have a set of characteristics so that we can easily trade our goods and services and also secure our wealth for long periods of time

cryptographic peer-to-peer decentralized digital money is by far the best money ever invented, that's why we believe in it, and we also think that it's just a matter of time before the entire world realizes this as well

this is a one in a lifetime event, we are getting rid of the old monetary system forever and you better be in the right side before the true flippening happens

>> No.3360364

>>3360305
and even miners mine because it's profitable for them, which is a consequence of people using a certain crypto, so without the users the miners are fucked