/biz/ - Business & Finance

>>23899355
lmao we doing this are we
>walls of encrypted energy
so nothing, glad we cleared that up
>equities have been more volatile
bitcoin's whitepaper designated it as supposed to be a currency, not an equity, nice try, it only 'became' an equity when the fucker devs decided not to allow an increase to the block size so they could shill Blockstream
>legacy finance uses more energy
legacy supports billions of people, there are only 1 million active btc wallets, not even remotely equivalent
>supposedly not being controlled by anyone makes it better than legacy networks
better at making money for Adam Back, Blockstream and the CCP, sure
>geographic arbitrage
have fun buy anything from Nigeria, or anything other than digital products, you good goy consoomer. Everything else gets banned at the border.
>muh nuclear codes and nasdaq
considering the majority of the hashrate comes from China, all it takes would be Xi pulling the pin, and suddenly $9000 fees to pay for your $5 pizza in 8 years time
>gold is only relatively scarce
This is a reasonable argument, but gold also physically exists and is not reliant on electricity generation, meaning btc can only be money for (globally speaking) rich bastards but gold is money for everyone. better hope we never see another Carrington even in the future with our weakening magnetic field!
>it's a public ledger
So it's not private, great, so the Feds can watch too
>it was never anonymous
It easily could be, which would also it to serve its original purpose as a decentralised, global currency that takes power away from the 1% and the banks, but that would make it harder to exploit for profit by the devs.

Don't get me wrong, I'm not opposed to btc ideologically (aka BSV) or in its current state, ride that ponzi high and make some nice profit while you can. However, don't make BTC out to be something it's not, that makes you a lying shill and there's too many of those in the world today.