/biz/ - Business & Finance

>>55446724
>Just because the underlying currency is permissionless doesn't mean black markets are permissionless.

Ugh, its like pulling teeth with you. Black markets are permissionless because they are inherently anarchic and self-regulating, there is no supreme authority to enforce rules & regulations like there is in white markets.

Yeah, you can be banned from individual DNMs but there is nothing stopping you from setting up your own darknet webshop and selling cocaine to discerning buyers. Try doing that on the clearnet and see what happens.

>And it does matter what outside powers do. Monero isn't autonomous code, it's people who need to be able to easily participate in the system.

lol you still seem to be struggling with the concept of anti-fragility.

>And as long as world governments keep printing money, the value of crypto in terms of that money will keep going up.

lol 100% guaranteed

>The expectation that people will continue to flee fiat isn't at all like a Ponzi. It doesn't have to be about face melting gains, but there's value associated with sensible money.

Again: it is MATHEMATICALLY IMPOSSIBLE for everybody buying crypto to profit if most of the people buying said crypto have an expectation of profits. Jesus Christ, do you really not understand how ponzi/pyramid schemes work???

Crypto can only yield sustainable gains if the VAST majority of buyers have ZERO expectation of profits i.e. if they're only buying crypto to use it in the acquisition of goods or services. If there's 1 investor and then 100 new non-investors buy in then the investor has exit liquidity and everybody gets what they expected, rinse & repeat. But if there's 100 investors with only 10 non-investors buying in.....see how the math doesn't work out?

Relying on newer investors to cash out older investors is also mathematically unsustainable, the exponential growth required means you eventually run out of people on the planet and the entire scheme implodes.

>>55365381
>Likely, also likely is that the btc pump is never over and it’s co-opted by the financial system as a liquidity sinkhole real energy asset. What then?

lol no bubble in recorded history has lasted forever. At the end of the day there needs to be a *compelling* reason why people will keep buying a given asset and NGU ain't it, it simply doesn't work mathematically.