> The cockroach theory of crypto

[Anonymous No.57025908]

https://www.economist.com/finance-and-economics/2023/12/18/why-bitcoin-is-up-by-almost-150-this-year
The economist has kneeled
Next are Nassim Taleb and Peter Schiff

[Anonymous No.57025920]

>>57025908
>Linking the article but not green texting itself so we're forced to give globohomo propaganda kike sites clicks

Sage

[Anonymous No.57025922]

>>57025908
>Register to continue reading
Yeah not doing that shit

[Anonymous No.57025936]

>they call us the roach chain

[Anonymous No.57025937]

>>57025908
>Why bitcoin is up by almost 150% this year
>Introducing the cockroach theory of crypto
>image: satoshi kambayashi
>Dec 18th 2023
>Chopping off their heads does not work: cockroaches can live without one for as long as a week. Whacking them is no guarantee either: their flexible exoskeletons can bend to accommodate as much as 900 times their body weight. Nor is flushing them down the toilet a solution: some breeds can hold their breath for more than half an hour. To most, roaches are an unwelcome pest. Their presence is made all the worse because they are indestructible.
>An unwelcome pest is how many financiers and regulators would describe the crypto industry. Criminals use cryptocurrencies to launder money. Terrorists use them to make payments. Hackers demand ransoms in bitcoin. Many crypto coins are created simply so their makers can make off with the money.
>The industry also appears to be indestructible. Crypto prices were crushed by higher interest rates in 2022. The industry’s head has been chopped off: Changpeng Zhao and Sam Bankman-Fried, the founders of the world’s biggest and second-biggest crypto exchanges, now both await sentencing for financial crimes (breaking anti-money-laundering laws and fraud, respectively). Regulators are cracking down. Yet not only has crypto survived, it is once again soaring: bitcoin climbed to a two-year high of almost $45,000 on December 11th, up from just $16,600 at the start of the year.

[Anonymous No.57025940]

>>57025937
>What is going on? For one thing, indestructibility is built into the technology. Bitcoin, ether and other coins are not companies—they cannot go bankrupt and be shut down. They employ blockchains, which maintain a database of transactions. Their lists are verified by a decentralised network of computers that are incentivised to keep maintaining them by the promise of new tokens. Only if the tokens fall to zero does the whole architecture collapse. And there continue to be lots of reasons to believe some crypto tokens are worth more than nothing.
>The first is that holding crypto is a bet on a future in which use of the technology is widespread. People in despotic countries already use bitcoin and stablecoins (tokens pegged to a hard currency, like the dollar) to store savings and sometimes to make payments. These could be used more widely. Artists and museums are still creating or collecting non-fungible tokens (nfts). As are those looking to flog an image. Donald Trump is selling his mugshot for $99 a piece. He plans to have the suit he was booked in cut into pieces, made into cards and given to punters who buy at least 47 nfts in a single transaction.

[Anonymous No.57025948]

>>57025940
>During the boom times, the crypto industry raised a lot of money and hired plenty of smart developers. Those that remain are working on new uses, like social-media applications or play-to-earn games. Perhaps these will never be widely adopted. But even the small chance that they work out is worth something.
>The second reason is that, with each boom-and-bust cycle, it becomes clearer crypto is not a bubble like tulip mania in the 1630s or the craze for Beanie Babies in the 1990s. Although bitcoin is a volatile asset, its price history looks more like a mountain range than a single peak, and appears closely correlated with tech stocks. Yet it is only moderately correlated with the broader market. An asset that swings up and down, and not in parallel with other things people might have in a portfolio, can be a useful diversifier.
>That bitcoin has established itself as a serious asset seems to be the source of the latest surge. In August an American court ruled that the Securities and Exchange Commission, America’s main markets regulator, had been “arbitrary and capricious” when rejecting an effort by Grayscale, an investment firm, to convert a $17bn trust invested entirely in bitcoin into an exchange-traded fund (etf). Doing so would make investing in bitcoin easier for the average punter.

[Anonymous No.57025953]

>>57025948
>In October the court upheld its ruling—in effect ordering the sec to give way. The biggest fund managers, including BlackRock and Fidelity, have also applied to launch etfs. Given the returns bitcoin has offered in the past, and its correlations with other assets, the result could be a rush of cash into bitcoin, as even sensible investors consider putting small slices of their pension pots or portfolios into crypto for diversification.
>Many feel instinctive revulsion when they spy a roach. But in spite of their flaws, the bugs have uses—they turn decaying matter into nutrients and eat other pests, such as mosquitoes. Crypto has its uses, too, such as portfolio diversification and keeping money safe under despotic regimes. And, as has been shown, it is just about impossible to kill. ■

[Anonymous No.57025957]

>>57025936

[Anonymous No.57025958]

>>57025937
>>57025940
>>57025948
>>57025953
anon, we want the spoon-feeding but not the whole thing. just give us the relevant except you find interesting for discussion.

[Anonymous No.57025962]

>>57025937
I don't even own crypto anymore, but nothing they said about crypto couldn't be applied to fiat.

>Criminals prefer all cash
>Plenty of rich businessmen have gone to jail had their business go on just fine without them
>Hackers can also just steal credit cards
>Terrorist used to be able demand bonds when they were in paper

[Anonymous No.57025967]

>>57025958
>too short attention span to read a single news article

God i want total zoomer death

[Anonymous No.57025973]

>>57025967
I'm too old to be a zoomer I just act like one.

[Anonymous No.57026001]

>>57025922
>>57025920
Nobody cares about your clicks retard, they make money off subscriptions and you can get around their basic paywall by using brave speed reader or archive or the thousands of other solutions floating around. Are you also going around the internet looking at ads like a fucking boomer?

[Anonymous No.57026009]

>>57025962
Thats very antisemitic

[Anonymous No.57026023]

crypto is fucking useless and inherently worthless.

[Anonymous No.57026028]

>>57025958
https://www.youtube.com/watch?v=QQbBzOvPBpc

[Anonymous No.57026056]

>>57025957
Kekw

[Anonymous No.57026089]

>>57025937
>>57025940
>>57025948
>>57025953
there is so much boomer nocoiner salt in those lines, I'm overwhelmed by joy.

[Anonymous No.57026208]

>>57026023
you said it goy

[Anonymous No.57026233]

>normie learns what decentralization means

[Anonymous No.57026270]

>>57025908
>not a single mention of the halving cycle
Economists continues to bat a straight zero in reportinga anything close to reality. But they sure jumped to lump in CZ, who surrendered like two weeks ago, with SBF, who was hunted down in the Bahamas like a year ago.

>yeah goy bitcoin is up, but it's gross like a cockroach, ew! People will invest in cockroaches for [incoherent babble about diversification that makes economist readers' eyes glaze over].
>you don't need massive gains like that, don't be a cockroach investor! Just hold cash :^)

[Anonymous No.57026391]

>>57025920
>>57025922
based

>>57026001
KIKE

[Anonymous No.57026449]

>>57025908
Sage

[Anonymous No.57026502]

>>57025908

The most wonderful is how wrong these clichés and old memes are.

Crypto is nothing but a shitcoin casino and aside from that are all useless digital collectibles, like degenerate idiotic nfts.

But, of course, one got paid for writing exactly that kind of stuff.

And this "bullrun" started by retarded link cultists and then fuelled by solana and shitcoins on it.

After that degens rushed to buy literally everything that hasn't pumped yet, even including disgusting shit like ICP.

Of course, there is a lot of coordinated shilling and attempts to pump the heavy bags, and 3x is the average so far.

The dump from the head and shoulders will be epic. You'll niggas are late lmso.

This is what the fucking economist should have been writing.

[Anonymous No.57026508]

>>57025953
thanks for solid summary anon

[Anonymous No.57026510]

>>57026502
could you reddit space a little more your comment is only 3/4 of my little mobile screen I need more immersion to really feel like I'm on reddit

[Anonymous No.57026511]

I don't get it...?

>Admits crypto is resilient, flexible and robust
>Complains about it

What's the problem???

>confused_frog.png

[Anonymous No.57026518]

>>57026502
hello ai

[Anonymous No.57026654]

>>57026270
>Eating bugs is good goyim
Cool so Bitcoin is like the most indestructible bug ever?
>NO IT'S ICKYYYYYY WHY WON'T IT DIE REEEEE

[Anonymous No.57026695]

>>57025920
Learn to use archive.is you fucking newfaggot

[Anonymous No.57026712]

The Economist worthless trash owned by a jew. You aren't going to get intelligent or serious discussion about bitcoin due to the confiict of interest of their tribe controlling the fiat money supply.

[Anonymous No.57026746]

>>57026511
He argues it has a use case. It’s probably a guy who likes crypto that knows he’s writing to people that don’t.

[Anonymous No.57027381]

>>57025922
>>57025920
>newfags literally can't use an archive site to bypass a paywall
This is who's giving you investment advice LMAO

[Anonymous No.57027493]

>>57026746

I am confused that I understand what you are saying even though it makes no sense but this is clown world after all.

>thread

[Anonymous No.57027541]

>>57026746
The use case of crypto is pump and dump.

[Anonymous No.57027554]

buck status: broken
we did it retards

[Anonymous No.57027751]

>>57026502
I like turtles.

[Anonymous No.57027770]

It doesn't seem mysterious at all to me anymore. It's the first wholly digital, international, deflationary store of value and value exchange. There is a demand for it. It's scarce by definition. It has the most trust behind it because no one controls it and the founder is basically a dead jesus figure. It will persist and keep bouncing back because there is a need for it.

[Anonymous No.57027911]

Crypto can't die unless it's voted out.
>Don't buy crypto, it might crash
>Crypto crashes
>"but crypto!!!"
It's the scam that never ends.
It just goes on and on, my friends,
Someone started mining not knowing what it was,
Now we're all hashing at this moment just because...
It's the scam that never ends!

[Anonymous No.57027951]

>>57027911
Which is the scam? retail investments in normal finances makes negative money.

[Anonymous No.57028138]

>>57025953
>Crypto has its uses, too, such as portfolio diversification and keeping money safe under despotic regimes. And, as has been shown, it is just about impossible to kill.

Love to see these mainstream retards are literally at 2009 tier understanding of crypto use cases. See you in 5 years when they realize what smart contracts are and enable. Banks will be all aboard by then and these media clowns will have been caught with their pants down

[Anonymous No.57028165]

>>57025958
Piss off back to tiktok you execrable mong.

[Anonymous No.57028180]

>>57025940
>tokens pegged to a hard currency, like the dollar

Lol lmao

[Anonymous No.57028226]

You cannot destroy gold. You can destroy "real" money though. As long as the Internet exists, bitcoin will exist. Get that through your head. Onc I take profit from my alts I will pour everything into bitcoin next crash.

[Anonymous No.57028280]

>>57026270
Why would they spread that info, they're all in crypto as well, just fudding their own bags until they're ready for a full bubble to achieve as much mania as they can get going.

[Anonymous No.57028299]

>>57027951
This, i'm up 5% on campbells soup stock,
I'm up 2000% on some dog shitcoin I bought 2 years ago.

[Anonymous No.57028315]

>>57025920
Jewish claws typed this

[Anonymous No.57028317]

>>57025937
translation: all of our manufactured fud didn't work

kek

[Anonymous No.57028652]

>>57025908
One thing is clear tough Bitcoin is rat poison and the rats are scared.

[Anonymous No.57028695]

>>57027554

[Anonymous No.57028754]

>>57025908
Schiff already knows he is wrong, he just argues for the sake of getting attention.

>>57025948
>>57025953
Kek isn't The Economist supposed to be a sort of official establishment propaganda rag, one that /r/buttcoiner types are supposed to take seriously? The author could have just gone with the well known "honey badger" comparison to make the point about resilience, but went with cockroach out of salty prejudice. Its just partial capitulation to bitcoiner narratives on their own terms. Buttcoiners you better fall in line with "the experts".

[Anonymous No.57028759]

>>57025920
>linking the article as proof it exists but not facilitating the spread of actual deep propaganda subtexts
based and jewpropagandapilled

[Anonymous No.57028802]

>>57025936
Yea they dont like it when you open your window at -28c for a night though. Nor does your computer. Mine crashed. I slept in multiple sleeping bags. The fly in the corner went blind but didnt die. Fun fact cockroaches can actually lay their eggs right before death as a last fuck you. You crush them, and then flush them. Also helps if your landlord doesnt let methhead niggers in which is where they came from.

[Anonymous No.57029022]

>>57025940
>dollar
>hard currency

It's basically a bait post

[Anonymous No.57029449]

>>57025937
>they're a pest because other people get rich instead of me
geez imagine listening to these people

[Anonymous No.57029496]

>>57026502
illiterate

[Anonymous No.57029518]

>>57025937
>>57025940
>>57025948
>>57025953
TLDR

[Anonymous No.57029589]

>>57025908
>Nassim Taleb

He already admitted he was wrong about Ukraine. But his takes on the vaxx, Bitcoin and Ukraine already made me lose total respect for the guy. Read Saifedean Ammous instead.

[Anonymous No.57029620]

>>57026502
Thank you for your TED talk.

[Anonymous No.57029640]

>>57025908
How do I read that shit without paying?

[Anonymous No.57029660]

>>57026502
>casino
The casino theory of crypto is the most powerful one.
The idea that the greatest use case is to allow bored humans to make a wager withjout having to physically go to Vegas or Macau

[Anonymous No.57029680]

>>57025908
>The Cockroach Theory
Turk bros...

[Anonymous No.57029707]

>>57025908
Toadtoken.io

[Anonymous No.57029737]

>>57029640
Use the archive site:
archive .ph/fbs0C

[Anonymous No.57030863]

you do get insight into those type of people’s perspective you dumb nigger, they run things it’s good to know what they’re thinking.

[sage all fields No.57030887]

>>57026001
>>57026695
>>57027381
newfaggots, OP is meant to post the archive link himself

[Anonymous No.57030983]

>>57025958
>>57029518
Typical nocoiner, boomer talking points but then bends the knee to crypto in the last paragraph.

>>57026511
Because they are anti-liberal leftists who think the government should be able to control everything, so they realize crypto actually is real and resilient and gives individuals freedom and they fucking hate that. They hate it because socialism by force impossible.

[Anonymous No.57030993]

>>57030983
I mean they hate it because it makes socialism by force impossible. Crypto protects you from financial exploitation by the government.

[Anonymous No.57031472]

>>57026695
>somehow I didn't think to do this
sorry for being retarded

[Anonymous No.57031483]

>>57028317
I honestly believe most of it is rationalization

[Anonymous No.57031812]

>>57025958
Tiktok is that way, you retarded zoomer fuck.

[Anonymous No.57031852]

>>57030887
this

[Anonymous No.57032109]

>>57026023
More useful than the content of your bags

[Anonymous No.57032117]

>>57025920
>>57025922
Based

[Anonymous No.57033615]

>>57025908
so what are we in for? new ath or breakdown from here

[Anonymous No.57034897]

>>57025920
>Linking the article but not green texting itself so we're forced to give globohomo propaganda kike sites clicks
>
>Sage
Sirs, announcing a sage is a bannable offense.