/biz/ - Business & Finance

>>57917690
>Median of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value over time versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. BTC is a quantum leap in these properties of money, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched

I see a lot of yapping and bullshit but none of it gives it reason for why its valuation is deserved. Money does a better job at being money, a means to buy and sell things which BTC is not. Gold/properties are better store of value because they're physically there, they exist and can be used for other things in the real world. You can rent out your property, you can make jewelry/electronics with gold. Equities can generate value through its profits and future growth. None of which btc does, it's just made for complusive irrational people to gamble their shit.


>>57917799
>Ngmi
picrel ;)


>>57917945
I don't know any rich person who cares for bitcoin more than gold, commodity, properties, or businesses. It's nice to have on the side to buy a little when it's low and sell it when it's high (kinda like how it is now) to suckers but otherwise it's not really useful. It's gambling. Not investment.
If most of you crypto tards would admit "Yes I enjoy gambling! BTC is great for my gambling needs!" then i'd have more respect for you guys but none of you guys say that and think it's a real revolutionary thing that'll change the world. It has existed for now 15 years and has not done anything productive in anyones existence.