/biz/ - Business & Finance

>>57621569
Based take

>>57617644
Dumbfuck. Bitcoin is THE unit of account, a decentralized fixed supply transferable asset. This did not exist before bitcoin. Known scarcity is the wellspring from which the value of Money flows, bitcoin (fixed supply) is to gold (2% mining inflation) as superconductors are to conductors. It does not need nor even benefit from being used as common currency, it can function as the unit of account fine as a free floating asset as price carries information.

49k is imminent. From there it will immediately pump to 51k before retracing back to 49k. Then it will slowly pump, day by day, till it hits 58k.

niggers are tonguing my anus

Anything you can do i can do better
I can do anything better than you.

I hold Bitcoin (ticker: BTC). That means I'm better than you.

State is a memetic parasite, it is subordinate to the superorganism Economy, BTC is Of Economy and as such is immune from statist meddling

82 day away from Bitcoin halving.

>>57448463
>Money printer off -> Bitcoin price goes down.
Kek. Money literally flows, monetary expansion causes money to flow almost exactly like electricity, with the "monetary impedance" (how easy an asset converts to money) of an asset determining how fully an asset inflates for a given increase in monetary base. The nominal future price being a product of (monetary expansion/monetary impedance)*(real demand growth). BTC, being low impedance, will grow at the rate of (monetary expansion)*(demand growth), demand will continue to grow because an inverse of monetary expansion without liquidation risk, volatility decay, or counterparty risk is highly valuable, money stock will continue to expand because monetary expansion is the mechanism behind oligarchical parasitism.

>>57416111
CHECKED

golden bullrun mode: enabled

Nothing, the market works. If there was demand for large blocks, BTC would have large blocks.

>>57291035
US large cap equities have functioned as Store of Value since the decline of hard money, the only thing that would diminish their SoV premium is the rise of a superior SoV. It's SoV demand that is contributing to their price premium so commodities/emerging markets will continue to lag as they're poor SoV vehicles

Retail isn't the target, BTC ETFs are already the largest ETF launch in history and they haven't even launched yet, you don't get these kinds of fee bidding wars from the largest asset managers in the world without them feeling the demand, you don't get Dimon bending the knee to King Bitcoin without them feeling the demand. The great thing about economic solutions is you don't need to understand why they work for them to work.

>>57251644

Anything you can do i can do better
I can do anything better than you

2 0 2 4
IS
THE
FUCKING
YEAR

>>57034317
Actually, some of us are doing something. Buy Bitcoin and participate in revolution against the Jewish central banking cartel

>>57028960
How many paper scraps, how many grams of shiny rock, how many ones and zeros MUST you have to build a factory? None, of course, you need resources, not money to do things, money isn't a thing, it's a unit of account. "Hoarding money" does nothing, absolutely nothing, as you haven't removed anything real, monetary expansion is however always parasitic, for what is created when new money is created other than a new fraudulent claim on existing resources?

BTC is a fixed unit of account, Trustless Money, we can finally measure all by all, there is no way to guarantee more BTC by holding BTC. Hyperbitcoinization has already happened, the world just hasn't realized yet. There's no need to use BTC as common currency to fix systemic economic calculation, as everything can be measured against BTC, and BTC can only be acquired through voluntary trade, as such we can use the whole of global finance as our 'L2'. The magic of economic solutions is you neither need to believe in them, nor understand why they work, for them to work.

>>57012932
I'm with you! SET ME FREE!

The only precious metal that matters

It's Money, not currency, it doesn't need to scale, it doesn't need to be used transactionally. Currency gains from being made of Money, but Money gains nothing from being used as currency. All of global finance will be Bitcoin's L2.

Core to Money is the store of value, but of course you can't actually store value. So how does money accomplish this function? By being a difficult thing. If I only trade my goods and labor for something I know is difficult to produce/procure, I stand a good chance of being able to trade that thing for roughly what I paid for that thing in goods/labor. I am storing the value dispersed within the economy. It should be obvious that while any difficult thing can be money, only some will be well suited and very importantly, have the network effect, to develop significant monetary value (premium over it's difficulty cost). Bitcoin is simply better Money than what we're had available, gold & equities (Equity Premium "Puzzle" is the product of partial monetization of equities post-gold standard). Network effect guarantees BTC will be The Money as it's the oldest and most difficultest, BTC will continue to grow because economic calculation is enhanced by having a good Money (price carries information, fixed unit of account reduces variables) and a good Money needs a large capitalization.

This halving will be the beginning of hyperbitcoinization, as it marks the inflection point where BTC's inflation rate permanently falls well below that of gold's mining inflation (2%). BTC will stand alone as the hardest Money, at all points after this halving BTC will only ever be a better and better fixed unit of account.

>>56942253
The NYFed and the Jewish central banking cartel own the world’s debts and thus own the world. There is hope in Jesus and through the truly decentralized currency, Bitcoin.

>>56938309
A universal unit of account massively increases the efficiency of economic calculation, as without a fixed point of reference accurate pricing (price carries information), requires great degrees of iteration, which are economically (time and resource) expensive. Bitcoin does not need to be used as common currency to produce this function, it performs this function fine as a free floating asset, as price carries information. Using Bitcoin as currency is wholly superfluous to it's function as money, as a unit of account, the valuable thing is the information encoded within it's price. There's little friction in the conversion to or from other monies, so there's no additional information gained by using it as common currency.

Hyperbitcoinization has already begun, this halving marks the inflection point where BTC's inflation (1.7% now) permanently falls well below that of gold's (2%), for all future points BTC will only ever be a better and better fixed unit of account. Cry all you like, you can't fight economic efficiency.

The smarter of the monied elite have realized there's no brakes on this train, remember, you can't buy what's not for sale. Hyperbitcoinization has already happened, BTC is a fixed unit of account, we can finally measure all by all, there is no way to guarantee more BTC by holding BTC. The smarter of the monied elite realize this, but again, you can't buy what isn't for sale, the only way they're getting their hands on the only thing that will ever be a true, cryptographically fixed, universal unit of account, is to buy it. They will pump it until they get their dragon hoard, there will be ups and downs but one thing is certain: 1 BTC = 1 BTC.