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10201364 No.10201364 [Reply] [Original]

Is crypto anything more than greater fool theory?

>> No.10201371

>>10201364
Yes

>> No.10201378

Is life anywhere more than greatest fools theory?

>> No.10201379

>>10201364
just like any currency trading. forex comes to mind

>> No.10201380

>>10201364
alts yes. bitcoin no.

>> No.10201382

>>10201364
>The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market
Sounds like the stock market, housing market, every drop shipper, every restaurant, etc.

>> No.10201395
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10201395

>>10201371
>>10201378
>>10201379
>>10201380
Duck gotta get 4chan pass 2 beat you bastards

>> No.10201443

>>10201382
All of those things produce something or can be used for something other than monetary gain.

You're failing at life kid

>> No.10201489

>>10201443
This anon has the most reasonable answer so far. Does this mean the thread is over?

>> No.10201862

"We are not interested in bitcoin, we are interested in block chain." - Some Indian business dude being interviewed on CNBC

>> No.10201888

>>10201364
It used to be the greater fool theory AND a good way to pay for drugs and stolen guns on Silkroad.

>> No.10201896

>>10201443
>All of those things produce something or can be used for something other than monetary gain.
>can be used for something other than monetary gain
You mean like how crypto can be used for microtransactions or cross border payments?

>> No.10201903

>>10201443
bitcoin creates a transmutable currency that can be transported across borders for lower fees than traditional methods, and allows the user to be their own bank. if you have a problem with bitcoin you better have an even bigger problem with banks and the federal reserve, which creates money out of literal nothing and taxes it for the purpose of being. bitcoin is optional, the federal reserve and banks are not if you are in a first world country.

>> No.10201911
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10201911

>>10201443
>crypto cant be used as a digital store of wealth where you actually own your money(you dont actually own any money in your bank)
>crypto cant be used as an international money without needing to convert to the local currency
>crypto cant be used to opt out of the globalist monetary system that guarantees your money will be 100%(or close to it) worthless in 50 years

>> No.10201936

>>10201443
what the fuck can a stock produce, you can literally do nothing with it except sell to someone else

>> No.10201951

>>10201364
Bitcoin? No
Shitcoins? Yes

>> No.10201986

>>10201364
Is any complex economy anything more than a greater fool theory?

>> No.10202439

>>10201986
You've broken economics, anon.