[ 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: 177 KB, 436x361, 1494990386667.png [View same] [iqdb] [saucenao] [google]
7010929 No.7010929 [Reply] [Original]

>Be you
>Wake up
>The year is 2020
>Fiat dollar is totally BTFO now. There is now only cryptocurrency. The crypto revolution has won. (((Bankers))) totally BTFO
>Now that there is no longer any fiat dollars to pump into crypto exchanges to inflate the value of crypto, what makes crypto worth anything? Like if some cryptofag sells me a shitcoin and nobody wants to honor the value of it, can I then march into his house and pillage his shit for my money's worth?

>> No.7010949

Tether

>> No.7010969
File: 54 KB, 240x193, 1496121131882.png [View same] [iqdb] [saucenao] [google]
7010969

>>7010949
And what makes Tether worth anything without USD?

>> No.7011419

>>7010969
Your mum lol

>> No.7011454

>>7010929
Literally the same thing that makes fiat worth what it is. What makes gold worth anything?

>> No.7011466
File: 45 KB, 657x527, 1497699225638.jpg [View same] [iqdb] [saucenao] [google]
7011466

>>7011419
I want to believe. But you're not making a compelling argument here.

>> No.7011493
File: 931 KB, 2880x1800, outrun.jpg [View same] [iqdb] [saucenao] [google]
7011493

>implying the establishment isnt already balls deep into manipulating crypto

>implying the establishment would let pajeets have money

>implying crypto isnt the world currency for the future new world order

>katy perrys "crypto claws"

>> No.7011627
File: 250 KB, 680x638, 1496203362602.png [View same] [iqdb] [saucenao] [google]
7011627

>>7011454
>What makes gold worth anything?
This I can answer.
A combination of it's chemical stability, it's maleability and it's ductility which made it easy to work with to create permanent jewelry and other religious idols for early civilization. Powerful civilizations were thus forged around the conquest for Gold and many superstitious peoples still seek it out. About 10% of it's value is intrinsic due to it's industrial uses (like if you microplate things with gold you can protect them from rust. It also has extremely good thermal conductivity when combined with it's ductility makes it desirable for heat-spreaders for extreme applications)
Geopolitical pressures from governments artificially keep some of it's original meme value alive. So it's also backed by guns, lots of them. It's highly desirable still in parts of the world where many essential resources that the west has are held. So to answer your question: A lot of things make good worth something. Mainly things that are the antithesis of cryptocurrency.