/biz/ - Business & Finance

>>30080940
>>30081046
Also this. "Digital gold" was created to supplant demand for actual physical metal gold

>>29907983
Based and redpilled

>>29837324

>>29530522
as in yeah the usd has 0tps on chain but it's the world reserve.
can see a situation where people transact off chain bitcoin as they transfer fiat today through mastercard or other third party financial institutions. mining would be incentivised by price appreciation by increased velocity
https://youtu.be/5pHGi0nQMqs

would only delay the fact the bitcoinwhitepaper specifies a network unmatched comptitive advantage in speed, security, payment resolution and automation.

for everything else, there's mastercard
https://youtu.be/5pHGi0nQMqs

btc is funded by mastercard, jeffery epstein and bilderberg group
https://youtu.be/5pHGi0nQMqs

https://youtu.be/5pHGi0nQMqs

i just can't

Frodo was the underdoge,
All thought he would fail,
Himself most of all.

>ONE COIN TO RULE THEM ALL
DYOR. Only BSV is capable

>”That said, BTC & ETH do seem high lol” - https://twitter.com/elonmusk/status/1363021091086561285

This wasn’t LARP, BTC & ETH are overpriced therefore TESLA doesn’t hold any of this. Explore BSV.

https://pastebin.com/ruuuv0jr

hello?

>>29196527
Correct. I'm in this game since 2012, i bought my first bitcoins for 50$ instead of buying fucking Call of Duty Modern Warfare 3 being 15yo. I saw Mt.Gox, I saw SegWit shit followed by BlockStream hostile takeover that crippled BTC to being unusable as currency. I saw many meme forks. I'm not buying digital gold bullshit that is so popular here it was never meant to be this. I also spit on all layer 2 solutions like lightning making the network completely dependent on centralized merchants. Calling it cryptocurrency in current state is complete joke.
BSV is true to original vision, which is one simple and highly scalable ledger. If crypto is meant to be what satoshi envisioned, this is the way and of not, well then fuck this corrupted space.
>Check dcg.co and the picture.

That's why

https://www.youtube.com/watch?v=tUOYJvubJKA

https://davidgerard.co.uk/blockchain/2021/02/18/the-sec-calls-defi-money-market-shuts-down-it-begins/


https://dcg.co/portfolio/

They are the owners of Greyscale. DYOR. I'm out.

>>28099946
>>28100479
Acclimatize the cattle to even more fake money than paper fiat is already, CBDC, and make money off of it while you're doing it

>>28100502
yes
>>28100526
no u

>>25701327
It's not organic

>>25604161

There is no narrative, the authorities are simply dumping the metals to save face. They don't want the headline to be that the Democrats got in and gold soared. Hyperinflation is mostly a psychological phenomenon; they have to keep gold out of the headlines as much as they can. It's the same reason why they always dump gold after FOMC meetings, even though everything which is spoken there is highly bullish for gold. Or again, why they always lie about inflation and say that "deflation is the problem" even though inflation is really 10% per annum and has been so for years (see ShadowStats, Chapwood Index).

>>25603692

I'm amazed that it took Peter Schiff so long to realize this. He also didn't know about tether-printing until recently. It probably came into his field of view because of Deso, Rob Kientz, and others who have been popularizing it. Blockstream is demonstrably controlled by the central banks and BarelySociable has proved, to any candid mind, that even Satoshi himself is Adam Back, the head of Blockstream. (https://www.youtube.com/watch?v=XfcvX0P1b5g)) Of course the banks are pumping Bitcoin. If Bitcoin didn't exist, the COMEX would have defaulted years ago. You could buy ten years of the annual investable supply of silver with the market cap of Bitcoin. Bitcoin has also served to accustom the population to the idea of CBDCs.

>>25604095

>Schiff is a gold salesman, he sells his products and buys US dollars.

Schiff doesn't sell his own gold. He is a middle-man in his capacity as a gold dealer. Nor does he hold dollars. Any profits which he makes from his gold business go straight into foreign stocks, miners, or bullion. He is also happy to accept payment in gold or silver via GoldMoney. The reason why Peter Schiff started his gold business is because he wanted to stop his clients from getting scammed by premiums and numismatics. He first started advocating for and selling gold when it was only $250 an ounce.

>>25024066
Do you see what happened?
picrel

>>24027644
>>24027575

"If the LN becomes centralized into one big hub and everybody connected to it by one channel (which so far seems inevitable, for economic and technical reasons), then there will be no privacy. As the middleman of every payment, the hub will know instantly who is paying (or trying to pay) who.

But let's pretend that the LN can be decentralized, with channels distributed among thousands of independent hubs and millions of users.

One "interesting feature" of the LN is that channels and nodes must be long-lived entities, that will be used for dozens or thousands of payments; and each channel connects two fixed nodes. In contrast, a raw bitcoin user can create a new address for each transaction; and a spook can guess that two addresses belong to the same person only if they are both used as inputs of the same transaction -- at which point that information becomes largely useless.

Moreover, while a bitcoin address is just an immaterial pattern of bits, with nothing that ties it to the "owner", an LN node is a computer, that must be online in order to send or receive payments, and must be reachable by other nodes through a specific IP or onion address. Therefore, it will be much easier for a spook to determine the physical location and physical identity of the owner of a given node. In fact, large hubs will have to collect that information in order to comply with KYC/AML laws.

Also, when Alice sends a payment to Bob on-chain, Bob can check that the payment was sent at any later time, without having to contact any specific server. If she uses the LN, on the other hand, Bob must be online and interact with her (or with the middleman nodes) in order to receive the payment. Thus it will be much easier for a spook to detect that Alice paid Bob -- by timing analysis of internet accesses, if nothing else."

(2/2)

>>24021480

As soon as the Everything Bubble collapses, and Russia and China dump the dollar to adopt gold, all the wealth from every one of the bubbles--bonds, stocks, real estate, cryptocurrencies--will immediately transfer into gold, silver, commodities, and the companies which own them in the ground. So unless you think that 1000 P. E. ratios, 40 bn per annum tether-printing, trillions in Q. E., bailouts, and U. B. I., real negative yields on bonds, can last forever, then gold, silver, commodities, and mining stocks are the only places where you want to be.

>>24020279

>What's your next lie gonna be, something about "Satoshi's true vision"?

Satoshi is Adam Back, the head of Blockstream. There is no "true vision."

https://www.youtube.com/watch?v=XfcvX0P1b5g

"Projects like BCH are not the answer, since they are just as liable to human corruption as BTC was."

"Gold-backed yuan and rubles will soon be used in the banking system."

"Once fiat collapses, BTC becomes priced in gold, and all crypto (as being the fruit of the poisoned tree) immediately goes to zero."

>LN is working just fine.

LN not only destroys privacy, thus defeating the alleged use-case of BTC, but can only serve 0.2% of the world population even when fully implemented. Then it breaks down and you get the $100 fees and $3-day transaction times again. BTC isn't going to take over as money when fiat collapses. It literally can't.

>>23935180

>so if you attach fiat to it or borrow from bitcoin's technology gold can be infinitely divisible like btc inherently can?

Blockchain isn't a BTC technology, but a technology which BTC uses.

Gold-backed currencies aren't fiat; fiat is money created out of thin air, backed by nothing. If a country allows convertibility of its currency into gold, that is no longer fiat money, but a gold substitute. In a post-fiat world, any country which defaults on gold-conversion will immediately see its currency go to zero.

Gold-backed cryptos like Kinesis are superior to BTC, because not only are they infinitely divisible and instantly transmittable, but also store intrinsic value.

>Bitcoin's layer 2 is a work in progress and can easily be pseudonymous, the large majority of use is on layer 1.

Even the Lightning Network has been estimated to be capable of accounting for the traffic of only 0.2% of the world population--then you run into exactly the same problems which you have without it. And the LN is perpetually "18 months away" and never implemented. And you get tracked on the LN--far less anonymous there than when than using basic BTC, and even on basic BTC you leave a digital footprint on the ledger which causes you to be tracked when you attempt to cash out.

By contrast, paying with a gold or silver coin allows 100% anonymity. You can "cash out" gold-backed currencies and gold-backed cryptos into real gold, but you can't do anything equivalent with BTC.

>stateless, permissionless, borderless network to transfer value

If the miners are all concentrated in China, BTC essentially isn't stateless; and even if it wasn't stateless, that's not particularly important. If you hold gold-backed cryptos which store their gold in different countries (Switzerland, Singapore, etc.), then you can achieve the same result, for all practical purposes. Besides, if you know that a country has the gold to back their currency, there's no risk in holding that currency.

>>23901843
>>23901855
>>23901874
>>23901966

Tether is about to cause the most catastrophic rug-pull in human history.

https://www.youtube.com/watch?v=bFVK9SxKR5c&ab_channel=GoldSilverPros

https://www.youtube.com/watch?v=qzDjJ-SrojY&ab_channel=GoldSilverPros

Recent information on tether lawsuit:

https://www.reddit.com/r/btc/comments/jrr3ny/recent_fillings_exit_the_ponzi_playground_at_all/

More information on Bitcoin:

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=63d0d0ef554a

https://www.youtube.com/watch?v=XfcvX0P1b5g&ab_channel=BarelySociable

>>23900394

Tether is about to cause the most catastrophic rug-pull in human history.

https://www.youtube.com/watch?v=bFVK9SxKR5c&ab_channel=GoldSilverPros

https://www.youtube.com/watch?v=qzDjJ-SrojY&ab_channel=GoldSilverPros

Recent information on lawsuit:

https://www.reddit.com/r/btc/comments/jrr3ny/recent_fillings_exit_the_ponzi_playground_at_all/

More information on Bitcoin:

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=63d0d0ef554a

https://www.youtube.com/watch?v=XfcvX0P1b5g&ab_channel=BarelySociable

>>23858155

BTC is worthless as a currency,

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

controlled by Blockstream and the banks,

https://www.youtube.com/watch?v=XfcvX0P1b5g

and only propped up by the ponzi-scheme scam of tether.

https://www.youtube.com/watch?v=bFVK9SxKR5c

https://www.youtube.com/watch?v=qzDjJ-SrojY

When the reset happens, BTC will be priced in gold, not gold in BTC. Russia and China have accumulated precious metals to back their currencies with, not cryptos.