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/biz/ - Business & Finance

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8698944 No.8698944 [Reply] [Original]

HOLY FUCK IT'S GOING TO 0 AAAAAAAAAAAA

>> No.8698975
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8698975

>Antshares, Ardor, Augur, Bytecoin, Civic,
>Cloak, Dash, Digibyte, Dogecoin,

>EtherumClassic, Factom, FUN, Golem,
>humaniq, lisk, Litecoin, Monero, NEM, Nxt,

>Maidsafecoin, Peercoin, Populous, Ripple,
>Skincoin , Siacoin, Steem, Stellar, Stratis,

>Tezos, Waves, Zcash

What do you notice about all these names? That they're fucking stupid and imbecilic? Actually, these are all names of internet number-generating programs purporting to be """""money""""". How the fuck can it be money? Intangibles always need to be backed by reserves of some sort, whether it is cash in the bank or shiny gold bars. I understand that bitcoin has a finite amount of possible bitcoins that can be generated, but Bitcoin has no actual benefit in terms of functionality over any of the other cunting coins. Bitcoin is THEREFORE another fiat currency, bitcoin is a FUNGIBLE commodity with other coins. With the press of a couple keys, you create a new coin with the exact same blockchain backing it as a bitcoin. What makes a Bitcoin more valuable than a Litecoin or a doge coin? Well it was here before litecoin, and dogecoin has a ridiculous name! That brings to me back to an age-old question, would a Bitcoin by any other name have been adopted so readily? If bitcoin was douchecoin it never would have been viable, even if it was the exact same code. Bitcoin sounds cool, it sounds like something you could imagine Neo from the Matrix saying.

tl;dr bitcoin is tulip mania 2.0

>> No.8699004
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8699004

>>8698975
Y-YES I SEE THE LIGHT NOW I SEE THE LIGHT PLEASE HELP ME AAAAAAAAAA

>> No.8699025

>>8699004
Just sell it all now and then realise that hard work and ingenuity is the way to wealth, not buying internet funny money.

>> No.8699052
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8699052

>>8699025
I CAN'T SELL MY HANDS WONT LET ME AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.8699078

>>8699052
Meditate and visualise your hands as jelly, flowing and free like nature intended them to be. All things are transient, even your life itself is fleeting. You can let go.

>> No.8699134
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8699134

>>8698975
its like future cyber spacey money though, dont we need a currency not bound to a specific country that we can exchange with each other online

>> No.8699152

>>8699134
Sure, it's good for this purpose, but if you think buying some internet money will make you rich I have some Enron shares to sell you.

>> No.8699174

>>8699134
No, fiat works better for that purpose than any crypto.

>> No.8699175
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8699175

>>8699078
I CAN'T SELL UNTIL IT GOES TO 0 I DON'T EVEN NEED THIS MONEY I JUST WANT IT TO GO TO 0 I DON'T EVEN WANT TO BE RICH ANYMORE IF I HAVE TO GO THROUGH THIS INBETWEEN MAKING IT JUST LET IT GO TO 0

>> No.8699197

>>8699174
What about microtransactions, if I need to send $0.05 worth of currency to some guy in Venezuela for doing a microtask.

>> No.8699219

>>8699197
Then you spend double that in fees