/biz/ - Business & Finance

>>55341254
Centuries of bureaucracy making life shit for the common man. It's why people came to the new world in the first place, now their great grandkids are trying to bring it here too.

You can soon buy remote island with few BSV's :)

>bitcoin can never be used like fiat currency due to its deflationary nature and volatility. Nobody would buy anything they would just hoard their currency.
Wrong! Sure, spending money on unnecessary goods will go down. People would save their money in-place of buying a new iPhone. However, they would still purchase goods if they were necessary for survival. If you need to eat food to survive, you're still going to buy food. If you need to buy gas to drive your car, you're still going to buy gas. If you need electricity, you're still going to pay for it. It's ridiculous to think a deflationary economy cannot function because people will hoard their currency.

People will only buy what is necessary. This ultimately results in a better world. People are more conscious about their material consumption, and do their best to minimize it. Unlike the current system which encourages extreme consumption. People today are so wasteful. The world would be a much better place if we had a deflationary system. People would only purchase what they actually need.

>>7420309
You realize that if you leave the US, you still have to pay US taxes, right? Your only way to avoid this is to renounce US citizenship.

Do you guys cash out to USDT when you go to bed?

BTC surged this week which is nice, but when it inevitably plunges down 20%, I don't want to lose all my gains when I'm not awake to fight for them.