/biz/ - Business & Finance

Unit of account, money-as-tally-board, is the primary function of money. It is this function that enables economic calculation, it is this function that enforces the game theory of voluntary exchange and frees us from the hobbesian war of all-against-all.

We now have an immortal, incorruptible, trustless, stateless, transparent tally board to ensure all the big, important tallies add up. If the current tally board is fair, then BTC should have a value of zero, if the current tally board is corrupt, BTC will approach Sole Denominator in-the-limit. Is the current tally board fair? Which path are we on?

>>58642380
Unit of account, money as tally board, is the primary function of money. It is this function that enables economic calculation, it is this function that enforces the game theory of voluntary exchange and frees us from the hobbesian war of all-against-all.

We now have an immortal, incorruptible, trustless, stateless, transparent tally board to ensure all the big, important tallies add up. If the current tally board is fair, then BTC should have a value of zero, if the current tally board is corrupt, BTC will approach Sole Denominator in-the-limit. Is the current tally board fair? Which path are we on?

Do it nigger bear.
I dare you

>shitcoins are not engineered to kill central banking, they are engineered to transfer your money to a few insiders, preminers, scammers and venture capitals - they will cashout and dump on you
>FIATs like USD/EUR/GBP are all fake, printed out of thin air, unlimited supply, permanently bleeding SHIT-CURRENCIES
>BTC is engineered to attract (futile) attacks by central bankers, governments, mainstream media, keynesians and parasites cause it makes them all irrelevant
>BTC has no top cause all FIATs have no bottom
>BUY ON SPOT MARKETS ONLY
>NEVER USE DERIVATIVES like futures and options, they are just USD-only trading on fake paper-BTC, they dilute the supply canceling the scarcity effect, kill the price discovery, and help market manipulators to keep the price down with naked short selling
>when you keep your money inside an EXCHANGE you are getting SCAMMED with FRACTIONAL RESERVE and you are exposed to risk of CONFISCATION
>NO KEYS NO PARTY, use hardware wallets, move your coins into cold storage, BACKUP your keys/seed
>NEVER TRUST CENTRALIZED PARTIES (exchanges, banks, custodial services, lending platforms, centralized shitcoin wraps like WBTC)
>CBDC (central bank digital currencies) are a SCAM, central bank rugpulls, they will lose value even faster, kill your privacy, restrict your ability to freely spend your money
>DO NOT SELL WHEN THE MARKET IS TRYING TO SHAKE YOUR POCKETS, BUY MORE
>don't try to time the market, 50% crashes are normal, do not leverage, 2X long leveraged traders will get wiped out
>DO NOT SHORT, LONG LEVERAGE, SWING (or you will lose it all)
>BTC is not a get-rich-quick scheme, it's a don't-get-poor-slowly scheme
>run a full Bitcoin Core node, don't trust, verify
>CoinJoin
>use non-custodial LN wallets for small tx
>don't think it's too late, it's never late, FIATs will always keep bleeding purchasing power
YOU ONLY HAVE ONE TASK, BUY SPOT AND KEEP YOUR PRIVATE KEYS SAFE AFTER WITHDRAWING YOUR BTC INTO COLD STORAGE
DON'T FUCK IT UP ANON

I know it's up but I think it's going higher. Just wondering what protocol is out there.

>>58253847
op you just need leverage, you think all these retards do 10 or 20x because they know how crypto work? they have a fucking leverage, find one and use the shit out of it, im for example using truflation, and shit rlly helps

>>58197874
>$100
i can make more than that in a matter of a fucking fart gambling on eesee lmao

>>58187552
BNB is not for normiefags wtf are you talking about non

>>58105513
Innovators: 2009-12
Early Adopters: 2013-2020
Early Majority: 2021-Present

>>58032490
It is the golden bullrun.. for Bitcoin
It is a super cycle for Bitcoin
Institutional money is going to flow for...Bitcoin
Or you mean alts ? Yeah no sorry
Total Altcoin Death means TAD untill the last shitcoin

ETH is going down because BTC is going down and ETH is BTC's bitch.

>>57917718
>how do you foresee the community coming to consensus on a US government approved quantum signing algorithm, since NSF is the only body attempting to find candidates?
QR in BTC involves migration to a new wallet using a QR PKC, that's it. If multiple QR PKC have such diehard supporters that they'd chain split
(not happening), you'd just include the top n QR PKC algorithms as different (compatible) wallet types (yes this is possible, no this is not difficult).

>>57918063
>Gold/properties are better store of value because they're physically there, they exist and can be used for other things in the real world. You can rent out your property, you can make jewelry/electronics with gold. Equities can generate value through its profits and future growth. None of which btc does, it's just made for complusive irrational people to gamble their shit.
Kek. What a dumb fucking slavemind. I already showed you how BTC is infinity preferably to gold/equities (>>57912319). Real property? Don't make me laugh! A 57% real terms decline since '71! HAAHAHAHAHHAHA.

Slavemind, what is created when new money is created other than a new fraudulent claim on existing resources? Where will this new money flow, slavemind?

The wagie was born to slave, even when spoonfed he refuses to free himself from the shackles of his own creation, would he only open his eyes to empirical reality and bend the knee to God (the superorganism Economy) he'd be instantly free, yet he refuses, instead defending to his last breath the very memetic parasites that feed upon his life blood.

total bobo annihilation

>>57900786
I bought BTC in 2013 and except for the downpayment on my house I never sold.
I did one big swing trade in 2017/2018 when I sold at 18k and rebought at 4k, setting aside 200k profit to put into stock etfs. Other than that, no swings, no shitcoins, no nothing that can evaporate your net worth or rug you.

That's how you become rich. Time + don't fuck it up

>>57897684
You're not seeing BTC pump. You're seeing USD die.

Median household income in 1970 was 235oz of gold, statist slavemind.

Money literally flows, monetary expansion causes money to flow almost exactly like electricity, with the "monetary impedance" (how easy an asset converts to money) of an asset determining how fully an asset inflates for a given increase in monetary base. The wage/productivity divergence since 1971 is caused by this phenomenon, as labor is an exceptionally illiquid/high impedance asset. The same pattern is seen in other illiquid assets like housing, notice that high-end housing has seen a SHARPER decline (factored for money stock) than low-end housing, which is to be expected as high-end property is even less liquid than normie SFH. Monetary expansion is the mechanism behind oligarchical parasitism but the reddit set will always be slaves because they refuse to see nor mitigate this theft by saving in the fixed unit of account.

>>57835663

Economy not State runs things, BTC is Of Economy, and as such is immune from statist interference

I only hold BTC, bought at $16k, and have never used the sell button.

Feelings? I don't have any, but I WILL make it from BTC.

>In 6 months, 90% of everyone's portfolio will be Bitcoin

>>57753185
>>57753237
>>57753370
>>57753584
>>57754568
>>57754669
>>57754816
You had one job.

>>57696425
>world leaders
Figureheads. The superorganism Economy runs the show

>>57659533