/biz/ - Business & Finance

[Anonymous No.57509206]

If the government made it illegal to sell crypto and mandatory to buy crypto. Wouldn’t we all just be billionaires ? Seems that easy. Just let people sell in small amounts for basic necessities. And if you wanna buy a home you put the crypto up as collateral and it slowly drains over time. Now poor people don’t exist. I just solved economics holy fuck.

[Anonymous No.57509224]

Exactly anon. Crypto has no real value backing it up. That's what differentiates it from the US Dollar. People will tell you the Dollar is fiat but it's not 100% true - it's actually backed by guns and the strength of our military. The ONLY way for any type of crypto to take off and actually have real value would be for it to be backed by our government.

[Anonymous No.57509246]

>>57509224
At least its backed by glowing keybord fighters with little hats like you.

[Anonymous No.57509252]

>>57509206
>>57509224
>If our government limits our freedom we would be rich overnight
There's like countless of historical evidence where this is never the case.

[Anonymous No.57509289]

>>57509252Well I don't agree that we would be rich if it was backed by the gov. But I am arguing that this would be the only way it could be a legitimate store of value.

[Anonymous No.57509301]

>>57509289
Except that a "store of value" it's something that people collectively decide, not governments. What governments do is inserting themselves inside economical mechanisms to extract value.

[Anonymous No.57509414]

>>57509301
People have agreed that tulips store value in the past. Pokemon cards as well. Crypto is the same as the above two. No REAL backed value.

[Anonymous No.57509523]

>>57509414
>value of things changing over time demonstrates that my inflationary bullshit causing the economy to get fucked by institutions enforced by my local mafia boss is the real thing

[Anonymous No.57509548]

>>57509523
If someone has you at gunpoint (our military) you will agree that anything he says has value.

[Anonymous No.57509569]

>>57509206
I'm now convinced that this board is browsed by people of color

[Anonymous No.57509630]

>>57509548
And i should give a fuck because...?
If someone at gun point forces you to eat shit it doesn't make it more nutritional or healty.

[Anonymous No.57509651]

>>57509630
You should give a fuck BECAUSE you are at gunpoint. Whatever the guy pointing the gun says goes. You invest in something not backed by the guy with the gun you will lose money.

[Anonymous No.57509688]

>>57509651
Yes, but it doesn't change that you're going to DIE ANYWAY of sickness if you keep eating shit.

Some faggot having MUH GUNS doesn't really change the nature of something, if you invest into something that is a terrible choice or policy it's not guaranteed that you won't lose money, or wealth, or power. You're just forced to do dumb shit.

[Anonymous No.57509719]

>>57509688
And you are right here. Stocks are backed by the government yet not all of them take off. A lot tank actually. BUT the difference here is that stocks for a good company are not only backed by the guy with the gun but ALSO have intrinsic value in that a good company brings in returns and actually produces something.

Crypto is neither backed by the guy with the gun nor is it intrinsically value. Just ownership of a string of characters.

[Anonymous No.57509769]

>>57509719
ok, if a state is like a bowl where you can make the dough as long you pay the fees you can make any bread you want. If there's a label on it regulating what kind of dough you can make they're not necessarily better or even possible recipes.

Crypto making the bowl useless doesn't make its bread less valuable.

[Anonymous No.57510345]

>>57509769
I explained to you how the dollar has value (because of being backed by the military). I explained to you how stocks have value (because the companies are actually producing value + this system is backed by the dollar / our military).

You on the other hand have not proven WHY crypto has value. There is nothing backing it up other than a fad where a small group of people say so.

[Anonymous No.57510434]

>>57510345
>>>57510345
>You on the other hand have not proven WHY crypto has value.
miners and people adopting it
>I explained to you how the dollar has value
And i kindly explained how being a faggot pointing a gun is a stupid argument when related to "value". One thing is protecting private property that allows a marketplace to flourish, and one thing is offering a shit service with dumb policies (something that government usually do).

[Anonymous No.57510449]

>>57509224
and oil. but bitcoin has value. Its value is its revolutionary design and implementation.

[Anonymous No.57510464]

>>57510434
>>57510449
I wish you guys luck. It boggles my mind how people aren't able to see what a scam crypto currencies are. Never invested a penny in it and never will. All my money will continue to go into stocks.

[LebAnon No.57510467]

>>57509224
watch sound money, safe mode
monero is true digital cash
fuck fiat

[Anonymous No.57510488]

>>57510464
most are scams anon. i am well aware. low volume dog coins with no social and sketchy whitepapers on shitty websites are SHITCOINS

[Anonymous No.57510498]

>>57509206
That's what jeet token devs do.

[Anonymous No.57510505]

>>57510464
>I wish you guys luck. It boggles my mind how people aren't able to see what a scam crypto currencies are.
And it give me an headache every time someone pulls out of his ass arguments like "muh guns n' weaponz" when uncontextualized. As if being able to act with force and violence makes you some kind of GOD untouched my environmental factors.

[Anonymous No.57510525]

>>57510505
I laid out my reasoning to you clear as day.

The reasoning you laid out is "because miners and """people""" said so". That SAME argument applies to Tulip fever, Pokemon cards, and Beanie Babies. There is NO difference between these and crypto.

[Anonymous No.57510585]

>>57510525
>I laid out my reasoning to you clear as day.
The way i laid out my argument is similar to yours, i was hoping for you to grasp it better in this way because you're a mongoloid whose reasoning is as simple as "shit have value because m-m-muh military and gunz", as if a state can bomb its own population and fuck up its own infrastructure without 0 losses and becoming vulnerable to external and internal threats.

>Tulip fever
Not a new technology.
>Pokemon cards
Not a new technology.
>and Beanie Babies
Not a new technology.

None of the above ever lasted this much OR is collectionism bullshit, fucking mongoloid.

[Anonymous No.57510609]

>>57510585
Nice arguments - calling your opponent a mongoloid. I'll have you know I am a descendant of Genghis Khan lol

>Pokemon Cards still fetch hundreds of dollars on ebay
>So do Beanie Babies

It's been a few decades of this - way longer than crypto. Once these fads die out the "value" will be gone. Crypto is no different.

Have a nice day dumbass.

[Anonymous No.57510619]

>>57510609
mongoloid means you have down syndrome, not that your part Mongolian

[Anonymous No.57510655]

>>57510609
>muh pokemon card and babies booblie bubble
Collectionism bullshit with no usecase, no technology no new idea of changing our economy whatsoever. None of it takes steam that is not ENTIRELY localized in niche backbeard communities.

Have a nice day to you, genetic mongoloid.

[Anonymous No.57510676]

>>57510655
What does this "new technology" do? What does it solve? Why does it have value? I work in software dev. I guarantee you don't.

[Anonymous No.57510754]

>>57510676
>i work in software dev
So you're more than capable to read white papers, doing your own research and fuck off from this thread.
You said it yourself:
>have a nice day dumbass
Have a nice day dickhead, i'm done debating with retards in bad faith who only wants the last post, if you're convinced that it's a ponzi scheme you don't need others to validate your point because you want to feel smart.

More than telling you what the tech does and where value comes from i won't repeat myself to satify autismos like you, which this site is full of. Have a nice day asshole.

[Anonymous No.57510769]

>>57510754
>Calling me a mongoloid

>Investing in a technology which amounts to a fancy spreadsheet where each user buys one of the cells.

LOL dude.

[Anonymous No.57510775]

>>57510345
>>57509769
Touch grass and have sex faggots

[Anonymous No.57510783]

>>57509224
Hold a gun to someone to trade their car for some kohl's cash coupon then claim the coupon is worth 20k even though it's printed based on nothing

[Anonymous No.57510795]

>>57509206
how can you buy crypto if nobody can sell it?

[Anonymous No.57510810]

>>57510769
You had 14 years.

[Anonymous No.57510822]

>>57510783
If you still have the gun you can hold the gun to someone else's head and force them to buy your coupon for 20k? This isn't that complicated.

[Anonymous No.57511818]

>>57509206
Your logic lacks basis, OP. But overall, regulations will help in checking bad Pajeet in this space. Brillion is using NexeraID as the backbone of their wallet due to its compliance solution.