/biz/ - Business & Finance

Let's hop to it, anon! These workers surely cannot continue this charade forever!

how is banking not a ponzi scheme?

1 Satoshi ("Sat") is the smallest unit of a bitcoin
1 Sat = 0.0001064730 USD
0.01 / 1 Sat = APPROX 94

This means bitcoin has to 94x to be competitive with the dollar.

I work at a water shop for minimum wage, but at least it's a job where I don't want to an hero 24/7. I'm already doing better than most you faggots.

Okay I don't have long but this is where everyone say it started. In my time blockchain has replaced "cloud infrastructure". After the 2020 elections crypto really took off because of the wars. Once middle eastern countries began using LINK to buy and sell oil, it wasn't long before crypto eclipsed fiat based currencies. There was just no need for them anymore. I was only a kid but my older brother bought thousands of LINK and a few BTC and because of that he's one of the richest men in the world.

After paper fiat lost its value, there was a power struggle between the new elite and those who wanted to ban crypto and blockchain technology altogether. Perhaps if they hadn't gone after blockchain they would have succeeded, but when the wars happened the blockchain proved to be more resilient than any infrastructure before it. The wars only made crypto more valuable.

In 2020 the US migrant-refugee crisis began. Thousands of immigrants began to pour through the US border. The government tried to detain them but they were classified as refugees and ordered to be released by local judges. In early 2021 Iran attacked a US ship, killing 200 US soldiers, triggering an all out war with the US. Oil prices quickly rose to $1000USD+/barrel but were trading for fractions of that cost if you used crypto. As crypto bloomed, economies throughout the world collapsed, leading to many civil wars and eventually what we now (in my time) call World War 3. Those who held crypto and embraced the blockchain came out on top. Those who didn't know about crypto became unbelievably poor.

I can answer only a few questions before I phase shift back into my time