/biz/ - Business & Finance

>statists seething their grift is falling apart
It was so easy, all you had to do was not run fiat into the ground, but you couldn't, you just couldn't stop stealing, and now you'll be witness to a great Becoming.

>>56029786
>dwarf it in usecase
Everything outside of BTC are shitcoins. BTC solves money, people call it "digital gold" but even gold relied on trust in the sovereign that the coinage was of the correct purity & weight, and after redemption based currency gained traction was entirely trust-based. BTC on the other hand is truly trustless, the first trustless money to ever exist, a definitive solution to the money problem. The systemic economic value of trustless money is nearly beyond comprehension, hyperbitcoinization will unironically multiply global (real) GDP by a factor of 2 or more, $150T-$300T in 2023 dollars, that's the minimum value BTC brings to the table. What the fuck value does eth bring? High fee trading of even jankier shitcoins than allowed on CEXs? Defi "yield farming" ponzis? Monkey jpgs? Crypto outside BTC (and XMR) is a bad joke.

>>56014222
BTC solves money, it is the first trustless money the world has ever known, and as such, the last money the world will ever need, the systemic economic value of trustless money is nearly incomprehensibly vast, in the future we will denote history into pre & post BTC eras. Bitcoin is an inevitability.

Everything outside of BTC are shitcoins. BTC solves money, people call it "digital gold" but even gold relied on trust in the sovereign that the coinage was of the correct purity & weight, and after redemption based currency gained traction was entirely trust-based. BTC on the other hand is truly trustless, the first trustless money to ever exist, a definitive solution to the money problem. The systemic economic value of trustless money is nearly beyond comprehension, hyperbitcoinization will unironically multiple global (real) GDP by a factor of 3 or more, $150T-$300T in 2023 dollars, that's the minimum value BTC brings to the table. Rent seeking 'programable money' shitcoiners swerve.

>>56003170
What confirmation is that?

>>55961570
>moNEGRO here
>*gets banned on exchanges*
whoops, should had play the long-game instead

>>55953773 #
>>55953792 #
1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

Money is not special, it works like any other asset, increases in quantity (all else being equal) always and only decreases its value. BTC solves money, it is technical fix for a political problem, it is transactionally easy hard money, and unlike physical hard money, abstraction layers can ALSO be trustless, preventing the problems seen in "backed" soft money where the manipulation happens in the abstraction layers. That is the value of BTC, trustless, incorruptible Money. Before full capitalization BTC will act as a leveraged short of fiat, after full capitalization ($50-100T in current dollars) BTC will simply be Money

>>55953773
>>55953792
1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

Money is not special, it works like any other asset, increases in quantity (all else being equal) always and only decreases its value. BTC solves money, it is technical fix for a political problem, it is transactionally easy hard money, and unlike physical hard money, abstraction layers can ALSO be trustless, preventing the problems seen in "backed" soft money where the manipulation happens in the abstraction layers. This is the value of BTC, this is the value of crypto, before full capitalization BTC will act as a leveraged short of fiat, after full capitalization ($50-100T in current dollars) BTC will simply be Money.

>>55895406
>We're gonna see $100K before the halving snail bro.
that would be sick

rolling for seeing 19$ first, for a while

>b-but you can't even play heckin pacman on-chain!
BTC is Money, shitcoiner. Trustless, stateless, counterparty-free, no carrying cost Money. Hyperbitcoinization has already begun.

>>55887434
M2 is still growing, high FFR is inflationary as debt is paid with debt, we're going through the 70s again, but with BTC as the new gold

>>55882821
Product of debasement, like shrinkflation, world is getting better, just tons of resources being wasted on unproductive activities due to fiat fucking up market signals. The solution is in the process of fixing this inefficiency.

>>55877265
I do not hold fiat, I only use it transitorily to trade with those who don't accept Money™ yet

-m2-
1970: $0.5T
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.8T

Your shitcoin is going to zero, statist.

>let's give more power to the oligarchs, I'm sure that'll solve the problem!
You will always be a slave as long as you wear their chain of fiat around your neck.

1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

Social spending acts as a supply-side subsidy for labor, a worker CAN'T sell their labor for less than subsistence, but what happens if we give them food stamps, subsided housing, Medicaid? Now they can sell their labor for less than it costs to produce!

How were those social programs paid for? Deficit spending. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets), a HUGE and on going parasitic transfer of resources from income earners to oligarchs, THIS is the driving force of the wage/productivity divergence seen since the 60s.

Notice that this also suppresses incomes of higher paid workers by convincing them the nominal gains on house value is wealth instead of inflation, why boomer dominated fields get paid so poorly, $60k seems like a lot if you bought 30 or 40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the mantle.

Even illegal immigration, seen as a driver of wage stagnation, is merely a justification for further debasement, or do you think the goblins come here for our magic clay and not our social welfare spending?

There are no political solutions, and not in the poltard "violence is the answer" as violence is of course wholly political, there are no political solutions because politics is a memetic parasite that never fixes anything. There are only technical and economic solutions, and BTC is just that, a technical fix for the political corruption of Money.

Short the Shitcoin

If you're too cowardly to do this directly by trading your shitcoins for Real Money™ (ticker: BTC) than do it indirectly by DCAing into SOXL/TQQQ/USD(the 2x semi ETF, not the statist shitcoin).
>b-but muh chop chop
They Will Never Stop.
-M2-
1970: $0.5T
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.8T

Even at the top of the dotcom bubble, DCAing into a 3x QQQ would have been a winning move, that's how big a shitcoin fiat is.

>>55748781
You know I'm right, you have no argument, small business is a meaningless waste of time in a world where 3T aapl trades at 32 pe, where 1.5t AMZN trades at fucking 300 pe! "amazon's real life hasn't started yet!" No, you dumb fuck, it's just a liquidity sponge sucking up Fed funny money.

1) BTC only needs capitalization for ascension
2) BTC is an even better liquidity sponge then gigacap tranny tech
3) They can't kill BTC without killing their own grift

These are the facts. Stop wasting time playing their game, stop contributing to their system, the only way forward is through.

>Every. Single. One
Nope. Even Gary the Nose kneels before true crypto.

-m2-
1970: $0.5T
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.8T

-mspus (median sales price of us houses sold)-
1970: $24k
1980: $64k
2000: $165k
2020: $329k
2023: $436k

r2: 0.98 (!!!!!!)

Houses aren't expensive, you've just been robbed blind. Note that "cheap" locations have also experienced this parabolic rise, houses in Gary Fucking IN go for $100-200k
>b-but dats less dan da ciby!
and they were even less 10 20 30 years ago, buying in a shit location does not solve the problem, the problem is the corruption of money, and the only viable solution is capital flight into trustless money.

>>55736648
Rent free

hold my FUCKING beer niggersssssssssssss

>>55675214
>still doesn't get it
Sad. BTC is Money. Imagine quadrupling the real GDP of earth over 5-10 years, that is hyperbitcoinization. The value of BTC is not in a 'market' or a 'service', it is not "p2p paypal", the value is that it is a technical fix for the political corruption of money, the systemic economic value of transactionally easy hard money is INCOMPREHENSIBLY vast.

Adoption happens after capitalization not before.

1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

Social spending acts as a supply-side subsidy for labor, a worker CAN'T sell their labor for less than subsistence, but what happens if we give them food stamps, subsided housing, Medicare etc? Well now they can sell their labor for less than it costs to produce!

But wait! How were those social programs paid for? Deficit spending? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets), a HUGE and on going parasitic transfer of resources from income earners to oligarchs, THIS is the driving force of the wage/productivity divergence seen since the 60s.

Notice that the fiat grift also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers etc get paid so poorly, $60k seems like a lot if you bought 30 or 40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.

Even illegal immigration, seen as a driver of wage stagnation, is merely a justification for further debasement, or do you think the goblins come here for our magic clay and not our social welfare spending?

There are no political solutions, and not in the poltard "violence is the answer" as violence is of course wholly political, there are no political solutions because politics is a memetic parasite that never fixes anything. There are only technical and economic solutions, and BTC is just that, a technical fix for the political corruption of Money.

You know it. I know it. Accept it.

Hobbes's Leviathan is a Meme Complex as per Dawkins, Law is ex post facto codification of prevailing meme complexes, Law has no power, State has no power, meme complexes hold all the power attributed to these institutions. The world is bottom up not top down, emergent, organic, the State a dying memetic parasite, feebly grasping for relevancy after technology obsolesced it's function (propagation & memetic convergence) within the meme complex. "Nothing ever happens" "everything is fake and gay" why? Because the State is dying, if not already dead, a bloated memetic corpse puppeted by grifters.

The last meaningful lever the Statists have is fiat, from which their influence over Economy rests, but this influence is perverse and inefficient, while Economy is naturally positive sum, fiat allows the manipulation of Economy to favor zero and even negative sum economic transactions! Blasphemy! Economy will not abide -- "The market ahh finds a way" -- and a way it found. You know the path, you just need to follow it.