/biz/ - Business & Finance

>>7186567
Web 1.0: HTML pages from the 90's, comic sans and bright colors everywhere, a webpage was flashy and fun, although (very) limited possibilities .
Web 2.0: CSS3 & HTML 5, web applications are now possible, websockets etc. The web has become a ubiquitous platform to develop all kinds of applications on.
Web 3.0: Buzzword which was introduced through different kinds of cryptocurrencies (especially Ethereum). Web 3.0 provides a platform to build decentralised (web)applications on, also called dApps. A Web 3.0 browser provides you with ways to interact with those dApps / interact with a blockchain (Ethereum most of the time). It basically allows you to pay through the browser with your wallet etc.

>>6793125
There are FIAT (USD, EUR) crypto exchanges which have trading pairs such as BTC/EUR or BTC/USD. You can buy/sell your bitcoin on here for (((real))) money.
Every crypto other than bitcoin is measured in satoshi's (1 sat = 1 millionth of a bitcoin) and has a trading pair with BTC too. Because of this, you can always convert your shiny tokens or crypto to BTC. Which you can trade against a FIAT trading pair (see aboce). Many people, especially normies, are buying in on the hype.

>>5094560
this

>>4981411
FPBP

>>4962512
>transfer to paypal
Ha, thats not how it works.

PayPal allows you to transfer <= € 3000 without verification I believe. They work with the authorities to prevent money laundering and fraud. You'll get JUST'd just as hard eventually.

>>4917715
Looks like that dutch guy who sold everything to go all in on BTC. Is that you?

>>4604547
Everyone cares if BTC chrashes.

>cryptos

clearly we can see a pattern here -

In the first phase of a bubble, people are incentivized to put money into securities and derivatives that appreciate in value so long as more money is being pumped into those same securities/derivatives, similar to a ponzi scheme but in a much more obtuse way. These businesses that are built on top of the incoming flow of cash they are receiving stay afloat as long as there are people trading the sec/der in a healthy manner on the open market and the business is delivering on key promises, causing the price to rise.

In the second phase, people begin to hedge using money they don't have - in crypto this would mean allowing people to get a loan based on how much of a token they have in their wallet

In the third phase, people use those hedged funds to purchase the bubblized security, and the majority of the money in that security's market comes from illiquid hedged funds

In the fourth and final phase, the large bag holders begin to cash out at roughly the same time, causing the price to drop, causing the hedged loans to become nearly worthless, causing the securities those funds are used to purchase to become nearly worthless as they are all backed using phantom money

I'd say from this timeline, we are currently still in the first phase