It's time to wake up from your fantasies

[Anonymous No.52408736]

I keep reading asinine posts about 'shoeshine boy' stories. This is all cope, and you're noticing these anecdotes because you're desparate. You aren't smarter for inversing your barber or co-workers for the same reason that you aren't smart for inversing a random number generator. It's just noise. People who have been here for a decade are shorting through legacy markets because the counter party risks are almost guaranteed to fall through.
The fact of the matter is as soon as worthless casino coins and NFTs were the top performers, everyone with money on the sidelines had their skepticisms validated. You're all fools getting taken for a ride. Everything is fake. The wash trading and spoofing creates fake prices. The wrapped coins and derivatives create fake volumes. The constant bouncing of massive quantities of crypto between exchanges creates fake reserves. It doesn't matter that you're storing on a cold wallet because you bought those coins with fake prices.
Crypto has not existed in a high interest rate environment. Every single aspect of this industry is dependent on cheap fiat being thrown into a black hole and it's getting more and more expensive by the month.
Staking is a grand lie. That Ethereum staking yields less than US Treasury notes just shows how utterly delusional the entire market is. Proof of work was the only thing that connected a currency to the real world. And even then, PoW miners are highly leveraged on debt and will have to capitulate to meet their debt obligations.
You will never retire buying and holding virtual currencies that nobody uses to buy actual things in the real world. You are not early. Your token does not actually represent anything. The next evolution of blockchain does not actually need cryptocurrencies. Trying to shoehorn your worthless token into the blockchain process just makes it unusable.

[Anonymous No.52408800]

>>52408736
This is a big brain post that will, at best, be ignored or, at worst, be mocked and ridiculed by midwits.

[Anonymous No.52408802]

>>52408736

[Anonymous No.52408830]

>>52408800
See
>>52408802

[Anonymous No.52408840]

>>52408736
Priced in.

[Anonymous No.52408843]

>>52408830
oh so you did read it
good to know

[Anonymous No.52408903]

Damn.

[Anonymous No.52408924]

>>52408800
this

every single crypto bull these days is a midwit
biggest bear signal ever

[Anonymous No.52408947]

>>52408736

> "Every single aspect of this industry is dependent on cheap fiat being thrown into a black hole and it's getting more and more expensive by the month."

BUY BUY BUY NOW BUY BUY BUY

[Anonymous No.52408956]

>inversing
you will never be a woman

[Anonymous No.52408986]

>>52408736
Seething shoeshiner. Is this bullish?

[Anonymous No.52408997]

>>52408736
This is some quality FUD right here. Almost enough to make me sell.
Almost.

[Anonymous No.52409016]

>>52408736
COIN Coinbase Global, Inc. 57.46 4:00PM EST +6.54 +12.84% 30.585M 15.049B
BHP BHP Group Limited 58.05 4:00PM EST +3.61 +6.63% 6.602M 199.456B
RIO Rio Tinto Group 64.71 4:00PM EST +3.90 +6.41% 6.469M 104.877B
PBR Petróleo Brasileiro S.A. - Petrobras 11.56 4:00PM EST +0.55 +5.00% 49.238M 75.395B
RIO.L Rio Tinto Group 5,398.00 6:45PM GMT +250.00 +4.86% 3.096M 82.965B
WDS Woodside Energy Group Ltd 26.21 4:00PM EST +0.79 +3.11% 745,672 49.766B
INTC Intel Corporation 30.43 4:00PM EST +0.67 +2.25% 49.827M 125.585B
BRK-B Berkshire Hathaway Inc. 309.72 4:05PM EST +6.52 +2.15% 6.573M 683.19B
SHEL.L Shell plc 2,360.00 6:19PM GMT +45.00 +1.94% 8.796M 169.133B
WDS.L Woodside Energy Group Ltd 2,206.00 5:23PM GMT +38.00 +1.75% 115,726 41.886B
EUDV.L SPDR S&P Euro Dividend Aristocrats UCITS ETF 17.77 3:48PM GMT +0.19 +1.06% 339 N/A
GBS.L Gold Bullion Securities 163.13 7:00PM GMT +1.15 +0.71% 6,194 N/A
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF 70.29 4:29PM GMT +0.14 +0.21% 28,920 N/A
HBAR-EUR Hedera EUR 0.044222 6:56PM UTC -0.001356 -2.97% 28.806M 1.016B

[Anonymous No.52409045]

>>52408736
>The next evolution of blockchain does not actually need cryptocurrencies
you have to ask yourself, if the global financial system somehow adopted auditable traced transactions using blockchain overnight, would crypto have any value?
if all the "adoption" of crypto was already present, the technology itself ingrained in daily life, would crypto have value?

the answer is yes. this is unironically why people called bitcoin "digital gold." you can fake dollars. you can print dollars. you can't print gold. you can't fake having gold.
this is why bitcoin unironically is the only real cryptocurrency and anyone that thinks bitcoin is primitive because it can't create nfts is the same block of retards that think gold is just a dumb rock. bitcoin's investment theme is that it doesn't change and has a limited supply. simple as. bitcoin is the only crypto currency, and that's that.

[Anonymous No.52409076]

>>52408736
Based take.

The entire industry, defi, staking, farm yielding, is based on literally nothing, it's all ponzinomics.

Tether is a ticking time bomb managed by known scammer and when it pops it will be over for crypto.

[Anonymous No.52409086]

>>52408736
>Staking is a grand lie. That Ethereum staking yields less than US Treasury notes just shows how utterly delusional the entire market is. Proof of work was the only thing that connected a currency to the real world
Mind boggling retardation
Eth has positive cash flow
Btc has heavily negative
Eth is sustainable, btc isn't
Btc cucks never seeing anything close to ath

[Anonymous No.52409095]

>>52408736
based
>It doesn't matter that you're storing on a cold wallet because you bought those coins with fake prices.
best part
>>52408800
checked and 100% true
>>52408802
cope and seethe

[Anonymous No.52409115]

>>52409086
>quick!!!! buy this!!!!!! my dumb shit will succeed now that the fraudsters have failed!!!!!!!
pay attention folks this is what it looks like when cockroaches scatter, it can take a couple years for all of this to end and total capitulation to be reached

[Anonymous No.52409172]

>>52409045
Your comparing BTC with gold is dishonest. Anyone can make a fork of BTC and voila, you have another currency with ALL the properties that make BTC what it is. The fact that we can make a copy 1:1 of bitcoin with all the smae properties, makes any argument about its inherent value null and void.

You can't fork gold, you can't recreate the inherent chemical properties that combined together make gold what it is. No matter how good it looks on the outside, it will never be the same material. See the difference?

[Anonymous No.52409179]

>>52409045
The global financial system doesn't need an inefficient tech like blockchain to audit transactions.

BTC is also completely useless.
It's not good as a currency, it's not good as a store of value, it's not even good as an hedge against traditional financial instruments.

[Anonymous No.52409191]

>>52408736
All this textwall just to say:
>IT'S ALL A PONZI SCAM GET OUT NOW !!!1111!!!

So tiresome.
If you want any argument against your takes, it's this: the technology is already here and event if everything had to go down, it can go back and be rebuilt into different forms. Its up to us to be lucky enough to get rich with that one or this one token that will "go up".
This said, i would add that crypto will find a final and real use when space colonisation takes a real form. So maybe never, maybe in a very long time.

>tl;dr: we ARE truly early.

[Anonymous No.52409194]

>>52409172
If it has all the same properties, why would people use it (something with unestablished value) versus the real thing?

[Anonymous No.52409249]

>>52409172
you got me i guess. go fork a distro of linux and try and get people to use it. people that work on bitcoin and use bitcoin are what make the system valuable. i understand it takes time to understand, but its like saying the song is just as good sung by someone else.

i know /pol/ has you thinking this is finally goldbug's time but its not. crypto's here to stay, and it's a new item on the long list of shit humans have invented. if you don't get it, wait until the next cycle/boom/bust/whatever and you'll maybe start to get it. just think about it for a while.

the internet had a big bust in 2001 and look where we are now. hard coded monetization over a copper wire is pretty important. learn more about it, and you'll start to appreciate it.
>crypto is dumb
you are here
>my alt coins are better than bitcoin
>holy shit bitcoin really is the only way

soon

[Anonymous No.52409271]

>>52409194
>real thing

????

[Anonymous No.52409277]

its unironically over

[Anonymous No.52409292]

>>52409179
blockchain is not inefficient per se you fucking idiot. there's set limitations for many reasons which all has to do with a distributed network. if wells fargo wanted to implement blockchain, it still acts as an instantly auditable ledger for any regulator and can mostly work well, at least better than current, "hold on let me get my papers together"

do you know WHY parachains and altcoins have faster block times, carry more data, etc etc? this thread i think was created as general fud but honestly it's fucking stupid

yes btc is going to $5K because of alameda not debating that
yes the entire space is overleveraged with newmoneyfags not debating that
yes btc is speculative not debating that

but if you really beleive all of bitcoin was just beanie babies you're significantly stupider than you think you are

[Anonymous No.52409304]

>>52409172
>just fork the network bro. It's easy bro

[Anonymous No.52409318]

>>52409249
>people that work on bitcoin and use bitcoin are what make the system valuable.
a copy of linux costs $0

[Anonymous No.52409325]

>>52408736
You're complicating it too much. Investing is no more hard than figuring out which clothes are and will be fashionable. You'll realize this eventually

[Anonymous No.52409345]

>>52409249
Dude, people coping BTC's code or slightly modifying it to make thousands of shitcoins (and from these more thousands of shitcoins all gradually more different) is literally what happened in crypto's history.
Even if they weren't forks strictly speaking, the effect is exactly the same.

BTC started with 100% market cap dominance and today is at 36%.

[Anonymous No.52409383]

truth nukes being airdropped

[Anonymous No.52409391]

>>52408800
>This is a big brain post
It isn't. It's condescending, trite and catastrophizing, and contains not a single new take.

[Anonymous No.52409455]

>>52409292
>but if you really beleive all of bitcoin was just beanie babies you're significantly stupider than you think you are
It is.
It's not a currency, it's a speculative store of wealth.
It has no proper use case still 15 years on other than gambling.
It still takes more energy than a village for a tx.

[Anonymous No.52409468]

>>52409292
Blockchain tech can in some cases be useful to assure certain information is accurate, but that has nothing to do with cryptocurrencies.

There are some examples in agriculture of companies implementing blockchain-style software but that's an inside company thing that doesn't affect the value of any cryptocurrency.

Cryptocurrency's goal is fundamentally that of either becoming alternative currencies, or store of values or assets like stocks.

None of these have been remotely successful and they can't be by default.

CBDC won't be based on blockchain or any crypto and will solve any problem of transaction auditing.

[Anonymous No.52409560]

>>52408802
this fuck off back to nigger reddit

[Anonymous No.52409611]

>>52409468
Hyperledger Fabric, an open source project from the Linux Foundation, is the modular blockchain framework and de facto standard for enterprise blockchain platforms. Intended as a foundation for developing enterprise-grade applications and industry solutions, the open, modular architecture uses plug-and-play components to accommodate a wide range of use cases.

>tl;dr Token not needed

[Anonymous No.52409728]

>>52409345
>BTC started with 100% market cap dominance and today is at 36%.
bitcoin also started trading at less than a dollar. incredible argument.
>>52409468
alright you convinced me with this. ill save all my dollarydoos and have administration after administration choose how the dollar's value changes. ill gamble on bitcoin like a degenerate. wish me luck.

[Anonymous No.52409770]

>>52409611
>Hyperledger Fabric
Is a heap of shit by all accounts. Also, businesses building and linking mini-chains would be subject to constant rentseeking and gouging from the consultants they hire in the process. Moreso than if they join an existing global network and use its token.

[Anonymous No.52409777]

>The next evolution of blockchain does not actually need cryptocurrencies.
this sounds about right. the tech is mostly garbage but zk proofs are interesting.
the libertarian wet-dream ponzi coins are finished tho.

[Anonymous No.52409823]

>>52409468
>CBDCs will be a garbage hobbled version of crypto
guess crypto will continue to thrive then.

[Anonymous No.52409863]

>>52408736
>obligations
you are not wrong, except for the part that ordinary random average joes got rich on the expense of the others like him

that's pretty much enough for this ecosystem to stay very alive, regardless of any real-world use, the real-world use will be the sorrow or the joy, as it all boils down to those two

and there is nothing any regulator can do about it, which is also a good thing

[Anonymous No.52409905]

>>52408736
hahahahahahahahaha

ask me how I know you lost money

[Anonymous No.52409920]

>>52409770
Even IBM uses Hyperledger. No reputable company or banking system would use a product over which they don't have full control. Let alone using their token to operate it.

[Anonymous No.52409981]

>>52408736
True, now delete this

[Anonymous No.52410011]

>>52408736
Big brain post - Based. I've been screaming this for MONTHS.
This is the EVERYTHING BUBBLE POPPING.
Nothing is worth a dime. Not even dimes.
Get into the fetal position with whatever cash you can scrounge up and PREPARE FOR PAIN!!

[Anonymous No.52410080]

stablecoins are the only crypto business model that makes sense in high rate environments

op is based and definitely not a fag

[Anonymous No.52410186]

>>52409920
>No reputable company or banking system would use a product over which they don't have full control
That's bullshit and you know it. What are 'services'?