[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 41 KB, 512x519, 1627887749002.jpg [View same] [iqdb] [saucenao] [google]
49622396 No.49622396 [Reply] [Original]

why is crypto worth anything to begin with? what can you do with a bitcoin that justifies it being worth so much?

>> No.49623384
File: 19 KB, 306x306, 1520080507776.jpg [View same] [iqdb] [saucenao] [google]
49623384

>>49622396
people continue to ask this and people continue to give answers and it's all so tiresome. OP, ask yourself what you're able to do with gold, or with jewelry, that makes those things worth so much. Then realize that there is infinite use for a neutral currency that doesn't belong to any specific country that you can use to trade with people, that is far easier to do so with it rather than lugging around gold nuggets in your pocket. If you ask "But why would I need a neutral currency", then you're unfortunately ngmi and probably someone that also thinks "If you don't have anything to hide, why do you care if people ask to spy on you?"

>> No.49623753
File: 1.92 MB, 3200x3200, gold is useful.jpg [View same] [iqdb] [saucenao] [google]
49623753

>>49623384
>ask yourself what you're able to do with gold
You are a dumb nigger.

>> No.49624479

>>49622396
if I can't buy a pizza with crypto, then it's literally worthless to me

>> No.49624540

>>49622396
Its very useful for sucking people into a ponzi scheme. My house cleaner was giving me advice on cypto yesterday.

Lmao

>> No.49624622

>>49624479
You can.

>> No.49624683

>>49624622
afaik Papa Johns isn't accepting bitcoin anytime soon

>> No.49624733

>>49623384
Retard take

>> No.49624754

>>49622396
Bitcoin vs what?
USD? It gets its value from how much BTC is available vs how much USD is available. That’s it and anyone saying anything else is lying. If bankers could stop inflation then bitcoins price would stop going up in the long term

>> No.49624760

>>49623753
Literally every other metal is useful too. Platinum is much rarer than gold and is used in literally every car. Why isn't platinum 30 times as expensive as gold then retard if it's 30 times rarer and used in just as many industrial applications.

>> No.49624792

future, technology etc.

>> No.49624805

>>49622396
Google ethereum faggot

>> No.49624813

1. International money transfers with low fees and without intermediaries
2. Anyone with a computer has a "bank" account, no need to go beg a bank or your government for permission. No need to go beg visa and mastercard to accept payments.
3. You can safeguard your own assets so a bank or government don't fuck you over
4. Mathematically limited supply

And before you tell me "none of those are problems to me!", try living where 90% of the world population is instead of where 10% is.

>> No.49624820

>>49622396
It’s more about what you can’t do with Bitcoin. Specifically, double spend it.

>> No.49624848

>>49622396
You can buy stuff with it. It’s just digital scarcity, same with nfts. If people hold digital items valuable (they do to an insane degree, whether they admit it or not), they will hold a finite, peer to peer decentralized currency valuable.

>> No.49624945

>>49622396
Buy drugs, cheese pizza and other illegal goods.
Otherwse it is just virtual stocks as barely anyone uses it as a currency

>> No.49624973

>>49624479
I get Doordash loaded up on Bitrefill, then have anything listed on there delivered to me.

Takes seconds since I use lightning network.

>> No.49625037
File: 80 KB, 490x816, pyramide scheme.jpg [View same] [iqdb] [saucenao] [google]
49625037

>>49622396
>What is a pyramid scheme?
It's the FuTuRe goyim..
https://youtu.be/iDrV58hWKcU?t=45

>> No.49625137

>>49624479
Ive used my cash app card to buy pizza for years
It’s literally all bitcoin I cash out and pay my bills with

>> No.49625139

The information held in blockchains, being immutable and factual, makes it immeasurably valuable data, and the functionality of streamlining global finance will one day save an immeasurable amount of time and money

If you don't understand the value of this technology you are fucking stupid or don't understand it

>> No.49625597

>>49622396
buy drugs, scam people out of their money, launder money.

>> No.49625667
File: 476 KB, 850x1245, 1653956601036.jpg [View same] [iqdb] [saucenao] [google]
49625667

What is the difference between bitcoin and gold?

Ask yourself this.

>> No.49625693

>>49623753
Not a single actual refutation of totally neutral not ntionally bias'd currency.

>> No.49626298

>>49625139
So screencapping your post with your id showing with caption "this poster is a faggot" will become factual and immeasurable if I make NFT out of it?

>> No.49626716

>>49622396
mostly trackable CURRENCY

think of a dollar that has a GPS.

>> No.49626765

The knowledge that men with guns can't take your money away.

>> No.49626773

>>49622396
The value is you can trade it and make money if you get in early

>> No.49626779

>>49625667
you can easily display gold. it has been used for bartering and trade throughout history.

it has real world uses beyond displaying it (automotive and aerospace, for instance).

to name a couple off the top of my head?

>> No.49626799

>>49622396
I work in another country and send my money to family without worrying about bank

>> No.49626813

>>49626799
You can mail them cash money, you dumb fuck.

>> No.49626850

>>49622396
There is no such thing as objective value. All value is subjective and depends on the evaluator. How many fucking times do we have to say this?

Are you even sapient? Do you play a video game and ask why the virtual gold pieces are buying different amounts of virtual objects, if they should all be zero? Do you ask where fiat comes from? Do you have any capacity for symbolic reasoning at all?

>> No.49626858

We should stop comparing BTC to gold and instead compare it to God.

Owning BTC will soon be similar to owning shares of Skynet/the Simulation/Roko's Basilisk/New World Order/You name it

>> No.49626883

>>49626813
we can't do that anymore Ahmed, and you know why

>> No.49626890

>>49624479
Ln.pizza

>> No.49627035

>>49626298
highly disingenuous or blatantly midwitted interpretation
the value of the information is the way it moves more than the content
the fact exists that you made the NFT and hypothetically someone bought it and that information is traceable through the blockchain
do you know what market sampling is, and how much money is involved in trying to understand how and why money moves?

>> No.49627453

>>49622396
>he doesn’t know virtually everything is worthless and almost everything is speculative