/biz/ - Business & Finance

>>29421012
>inefficient
I rekon banks waste more energy than BTC. Especially considering all the mining for precious metals and all the needless traveling of employees and especially bankers.
>slower than centralized finance
Only for small payments. Big transfers are way faster and cheaper than doing so through banks.
>no protection for the user
Banks don't protect the user either. Otherwise Indian scammers wouldn't make billions out of American and British old people.
>is kept as a commodity now and no one uses it because they think it will moon to infinity
Not entirely a lie. People keep it to protect their money from inflation.
>can be manipulated by miners easier than how central banks manipulate fiat because the bankers have to vote
A large number of miners would have to be in cahoots to do this, which essentially is the same as voting.

In a by case, BTC can be forked by the community is such a thing ever happens.
>is still taxed by governments
Touché.

I told you. Reserve is a great project, but it's a terrible speculatory asset.

It's value is in the technology and what they intend to achieve with it, while food tokens that x10 in a day have absolutely no value and are used to play musical chairs with money by pajeets in Telegram groups.
>>29304069
That's based though.
>>29304194
USD is the de-facto currency for international commerce. USD's price literally dictates how useful and how valuable their currencies are anyway.