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/biz/ - Business & Finance

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>> No.50721073 [View]
File: 386 KB, 938x1116, Screenshot_20220720-133321_Medium.jpg [View same] [iqdb] [saucenao] [google]
50721073

>>50718693
The supply is scarce, not limited. You don't buy money, you use it or save it.
As an example look at the failed bitcoin experiment, the wealth amassed for a "currency" that's being displaced. The parallels with fiat are astonishing.

There's a difference between an investment and store of value. Bitcoin has become the former, but it's an "investment" with no inherent value because it's not used as it's meant to be.

>> No.50491013 [View]
File: 386 KB, 938x1116, Screenshot_20220720-133321_Medium.jpg [View same] [iqdb] [saucenao] [google]
50491013

>>50489981
>bitcoin as a world reserve currency
It cannot be the world's "reserve currency" because it's not fucking fungible. It's also not used as a currency or money. It is hoarded to sell to a bigger fool. Picrel shows this.
Every currency/money NEEDS fungibility, it is an innate property. Come on dude, you're in Monero and don't know this? This is just basic economics.
This is not realistic at all, it's a quixotic dream that'll never happen.

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