/biz/ - Business & Finance

>>52424062
How do you think FTX went bust? Alameda "research" where chasing shitcoins for yield in the name of DeFi. Bitcoin, and Bitcoin only.

There is no second best.

>>52376732
Reverse Cramer ETF stops trading due to investigations of fraud and insider trading. Cramer remains undefeated.

>>51658137
Welcome to /biz/. How may I help you?

>>51493691
How many transactions per day are settled with physical gold bars?
What is the total market capitalisation of gold?
Why is OP so retarded?

>>51476355
I can't believe newfags actually fell for his shilling. He was obviously playing the sell the news trade and wanted as much retail as possible on the other side of the trade holding ETH into the merge. Any oldfag would know this. Only newfags thought he would post alpha for free on a blog.

>>51254402
>Bitcoin has no Military and no Military gets paid in BTC
Bitcoin spends around $20M per day on buying energy for security, around $70M at the peak. When Bitcoin spends more on energy than the US military, it will become the most powerful military in the world.

>>51143440
The halvening is designed to coincide with the election cycles of the United States of America.

Every 4 years the issuance rate of Bitcoin gets cut in half, generating some hype and thus demand just around the time the leader of the free world is being elected. This gives an incentive for the president to run on a pro-Bitcoin platform and essentially impossible for a US president to run on an anti-bitcoin platform or to enact anti-Bitcoin policies in the middle of their term. We saw this with Biden where SBF essentially bought the president.


Satoshi was a genius and taught of absolutely everything. The level of thought and foresight for some of these decisions which as first seem arbitrary makes me think that Bitcoin is an extra-terrestrial gift from benevolent aliens.

>>51124137
>what do you mean by this? why do you assume bitcoin will be $100 million?
It's not an assumption; it's simply the mathematical reality of pricing a hard money with absolute scarcity in terms of a fiat currency that is designed to inflate to ensure credit expansion.

$100M per Bitcoin is the optimistic case for the US dollar. This is assuming that the dollar will continue to inflate exponentially whilst Bitcoin becomes exponentially harder, but that the dollar would still be around.

The more likely scenario is that no amount of fiat will be enough to someone to part ways with a whole coin and things begin to be priced in Bitcoin.

>also question to you all, what do you think ethereum will look like in 2040?
I would be very surprised if Ethereum is still around in 2040 but if it is, it will be in the form of a time capsule where people will look back at how retarded people where to think they could build ultrasound money on a foundation of quicksand and rugpulls under the uncontested rule of a 28 year old autist. The great shard hack of 2027 will be what ultimately led to the slashing civil wars that lasted for over a year and ended with 3 chains, all claiming to be the one true Ethereum. With no neural, apolitical, way of deciding on the truth, the 3 chains were ultimately captured by China/Russia, the West lead by the US, and the last remaining Cypherpunks of Ethereum. By 2035, the total market cap of all the Ethereum forks dropped to around 0.2% of Bitcoin's as it became clear to everyone that Proof of Stake was the uninvention of the only solution to the Byzantines Generals problem: Proof of Work. Many smart contract platforms still exist, but they are all running on centralised databases as the market has sobered up away from the Blockchain fad and into the reality that the only thing where it makes sense to pay the costs of the inefficiency of a Blockchain is for an immutable, apolitical, censorship resistant, perfectly scarce hard money: Bitcoin.

>>51040416
Read some history. The US literally went into a depression to save the UK at one point. Maybe now it's too late. Debt to GDP tells you all. Last 4 PMs have resigned within 12 years. Late stage fiat.

>>50705087
Your obsession with the "blockchain" (the proper term is actually timechain) is a perfect example of cargo cult science. The timechain exist to do one thing and one thing only: secure the integrity of Bitcoin ledger through unforgivable costliness. The timechain is otherwise a very slow and expensive way of doing anything else. It only makes sense for Bitcoin because what Bitcoin is doing is so simple and so fundamental that in spite of the drawbacks, we gain so much by having an immutable, censorship resistant, inflation resistant, perfectly scarce base money. There can only be only one timechain because there can only be one timeline for history. Multiple chains make as much sense as having multiple timelines and trading with barter. The Bitcoin timechain is designed to be so simple so people can't come up with clever ways of getting you to lose your money, intentionally or otherwise.

>>50113799
>I work in banking
Well, unfortunately for you it will be about 10x harder for you to understand Bitcoin because you sit at the top of the pyramid with immense fiat privilege. You'll have to unlearn all the Keysian propaganda you've been drip fed since you learnt to read. Start with this book.

>>49846705
By studying megapolitical trends

>>49812940
I'd tell you to read pic related but I know by your post you won't be able to invest the time to do so.

You can take a horse to water, but you can't make it drink.

>>49631420
>Are we still bullish in the grand scheme of things?
>we
Conviction is something that only you can cultivate for yourself. Start with pic related.

>>49390773
>Hurr durr somebody I have a hate boner for likes the soundest money that has ever existed
While you're at it, you should stop breathing and eating food too because Jordan Peterson likes to do those things as well.

>>49352106
I think you mean (keysian) economics are retarded
>>49352991
Based and Austrian-pilled