/biz/ - Business & Finance

Because other people value them more.

>muh 1s and 0s
This computer fad will never take off

Bitcoin will hit a million dollars. You will be missing out if you don't at least hold like 0.5 BTC.

>>10692393
But how fucking long will that take? Could Bitcoin hit 1ml in 100 years, sure. What the fuck good does that do us NEETs right now? Holding 1.2btc strong since 3K

>Compsci major here
so, zoomer student with no practical experience of industry or economy
do you also think derivatives have no value because it's all 1s and 0s?
stick to nodejs with your fellow pajeets, codemonkey

>>10692345
>TCP/IP packets

>>10692393
it won't hit any crazy numbers for a very simple reason called "ETF". It would help short term and possibly get us to 50k let's say but that could be the ceiling forever because they would be basicly printing fake bitcoins and selling them thus creating artificial supply and lowering the price whenever it gets too expensive

>>10692345
sounds like you need to do some googl'n son. Best if that explor'n is done on alone time

>>10692461
tha fuck nodejs have to do with this. be more salty.

>>10692345
Information is the most valuable resource on the planet.

Currently, information is controlled by a small number of major corporations who are significantly Jewish and therefore will never be interested in advancing the interests of white people. They are therefore significantly incentivized to censor and ban people who speak the truth, even beyond the normal game theory of cartel formation.

A new form of networking allows us to take "packets" of information and use them as currencies in miniature games. People will be paid to supply people with packets, and the information can be transferred with ordinary consumer level hardware.

We're outjewing the Jews with their own capitalist game.

>>10692461
>implying nodejs is bad
What the fuck are you on about

>>10692461

I trade options and worked for hedge funds. Derivatives have value because they are time based premiums for the creation of synthetic fixed income. Crypto is just glorified data packets. HTTP and TCP/IP protocols are not worth billions or even millions of dollars

>>10692359
Basically this. There's always a bigger fool.
Once people realize that crypto scarcity is an illusion, it will all go to zero.

>>10692560

>huuhrhhrruuh hhow can numbers in the bank be money guys LIKE TWTFFFF?!?!?!?!

>>10692345
>Compsci major here
>glorified TCP/IP packets
No you're not.

>>10692556
I take it as if anon is implying OP is one of those faggot fresh out of college types that immediately know more than anyone else in the entire company/industry.

Types that say 'this stuff is shit, lets rewrite it' about everything they see - then take 6 months on a 2 week project, introducing loads of bugs. Not that i have much experience with these kinds of fucktards or anything.

>>10692560
how many traders did you wipe out?

>>10692560
>post anti crypto threads in a crypto forum
you must feel pretty smart

>>10692571
its not about scarcity. quite the opposite actually the more liquidity

>>10692612

I sell Vega, it is basically like synethetic fix income as long as you manage risks well

>>10692345
>Compsci major here

Heald college?

>>10692345

Compsci virgins never understand what finance chads do. That’s why you’ll slave away on your “cushy” six figure salary while venture capitalists make the big bucks. If this was 1990s you’d probably say “how is sending a letter using CRT screens going to be valuable?”

>>10692345
God here, can someone explain why you guys are valuing matter hiding behind quantum mechanics that is nonunderstandable by any physical being?

>>10692624
How can something in infinite supply hold value?

>>10692670

Finance chads have been compsci virgins for a long time now, almost 20 years. If you are not in a sales role, you have some sort of math/physics/compsci background

>>10692345
Compsci grad w/ 10 years experience.
Bitcoin was a startup anyone could invest in. Facebook had similar growth but was captured by the wealthy elite (to protect you, the retail investor).
This is a revolution as it's trustless and emergent, not planned and stolen. BTC sucks though go straight alts and host nodes / develop dapps.
This is your kin, trying to wrestle control from the fat lazy incompetent elite.

>>10692693
There's no infinite supply, what are you on about

>>10692693
>21 million coins
>infinite supply
>inb4 muh 20000 scamcoins somehow diminish bitcoin's supply
imagine

>>10692693

>>10692690
Because you're gay

>>10692560
>glorified data packets
Go ahead and try to decrypt one of those data packets, you’ll be a millionaire

>>10692738
so every country in the world is going to be running on 21 million tokens valued at $1 million dollars each?

>>10692770
>tfw you realize you haven't seen this nigga in actual years

>>10692789
this
You're gay op.

>>10692635
Yes its basically fix income until that cheeky 1% after the 99% VaR happens

>>10692803

Why? It is just likely porn or some Instagram photo or Facebook feed?

>>10692798
The only thing every country in the world values is gold.

>>10692345
Typical engineering tard who cant see further than his own nose. Its your lack of vision that ensure you will always be a code monkey and nothing more

>>10692789
I did. My company does research based in quantum computing and the task of decrypting these packets is becoming easier each day.

>>10692837
No it's your attraction to other men lmao

>>10692798
let me explain

- tokens are divisible up to 8 decimal points
- people will not hold bitcoin directly, this is why ETF is so big
- its going to be used as a reserve to combat inflation.
- banks are a great use case for BTC. Allows decentralized reconciliation of value. This is basically what the exchanges have become (coinbase, etc)

>>10692738
I never said I was talking about bitcoin, I was talking about crypto in general. But bitcoin's supply is infinite as well since anyone can fork it as many times as they want.

>>10692872

>reserve
>goes up and down 90% in a year

>>10692857
cringe

>>10692345
Hurr durr wats an internets?

>>10692345
Trustless scarcity. Art is scarce. Securities are scarce. Metals are scarce. Property is scarce. Crypto is an experiment in whether or not scarcity of the capability to utilize software at purpose is greater than the cost to develop and do the work to keep the ledger that software depends on.

>>10692345
>glorified TCP/IP packets
thats not what this is retard. jesus fuck. the absolute state of comp sci faggots.

>>10692857
cringe and bluepilled.

>>10692908
90%? read the charts noob

probably best to leave this to us anon.

>>10692857
You’re a terrible fucking liar, nobody can decrypt SHA256 and if you actually could you wouldn’t be talking about it.

>>10692345
Real simple answer without going into a TON of detail is you can't counterfeit crypto and that's why the jew bankers don't want you in on it. All fiat currency that is issued by a central authority is counterfeit. If you don't understand the reasons why then i can't help you. Enjoy your poverty.

>>10692857
Explain general technique or GTFO. Some of us are familiar with this shit.

>>10692560
tell me that "information" isnt valuable, go figure out why fb and google generate insane revenues?
now take that data and encrypt it and retain those rights to use said data for the the user and by the user.

i work in finance too and im a registered IAR but you have seem like you have your head stuck so far up your ass to even know whats going in emerging technology

>>10692872
But which coin will hold the value? Everybody keeps saying that one coin will win out on top eventually, but we still see bitcoin at the top, which is the inferior coin. The only reason it's still valued so high is because of the hype generated by its name, and maybe the backstory behind its creation. People thought bitcoin cash was going to be the king, but despite the better tech, it's still a fraction of the market cap.
So if utility doesn't determine the value of the coin, and scarcity doesn't determine the value, what's going to keep it all from hitting zero?

>>10692345

>Compsci major
>asks questions like this

You're either larping or just very very stupid.

t. CS major aswell

>>10692857
>claims he can crack hash functions that are used by every millitary around the world
>is still browsing a tesco trolly wheel forum

>>10693010

Engaging in personal attacks instead of a technical rebuttal

Yeah nice try, I bet you majored in social “science”

>>10693003

utility does matter, and BTC is in fact functional. If it wasnt functional, none of this would exist. The utility is what supports value. you describe BTC as inferior, but to what? Its like comparing a horse buggy to a ferrari, but asking which is better a ferrari or lambo. Both are nice cars, but miles ahead of a horse carriage.

above all the most important thing BTC specifically has behind it is its culture. borderless preservation of an idea greater than wealth. its not about money, its about control

>>10693125
Have you taken a cryptography class yet? Blockchain technology allows fault tolerant decentralized networks to operate in which consensus is reached via cryptographically signed proofs. It’s a revolution in cryptography, to say the least. Some ‘less decentralized’ consensus mechanisms can be tolerant up to 80% faulty/malicious actors which is nothing short of incredible...

>>10692898
nice bait

>>10693148
Bitcoin's transaction cost scales with the value of the coin, while other coins have low transaction cost no matter what. It only can handle a few transactions per second while other coins can handle thousands.
Bitcoin is not a ferrari or lambo, its the horse buggy. So if utility/functionality determined the value, why is bitcoin at the top?
>its culture
In other words, hype. And like most hyped up fads, it will fade. Since its value is determined by the hype, the value will fade too.

>>10693210
if good points is bait, call me the master baiter

>>10692898
>>10693280
you can fork bitcoin all you want, but without the computing power to secure the network it's easily attacked, which makes forks worth shit compared to bitcoin and pointless.

>>10692857

Have fun decrypting those quantum proof algorithms : )

>>10692345
Same reason people pay thousands of dollars for pieces of plastic and metal.

>>10693280
is the Apple culture disappearing? bet their laptops will be cheaper too? hahah ok bro

People dont just own Apple stock, they buy MS too

>>10693296
Bitcoin cash didn't have the computing power at first, yet it was still worth hundreds because of hype and people were mining it at a loss. Are you telling me this could never happen again? How many will there be before people realize this is infinite?

>>10693338
Apple isn't a fad, its a brand with intense marketing and psychological manipulation to get people to buy it.

>>10693339
it has about 8% of the sha256 hashrate and is worth about 8% of a bitcoin.
think it through.

>>10693280
>master baiter
Lol masturbater

>>10692345
geology major here
Can someone explain to me why you guys are valuing shiny rocks at billions of dollars?

>>10693354
youre proving my point even more

>>10693382
Your point is that bitcoin is the apple of crypto? What that means it will always be overpriced garbage that people buy because of name branding? Bitcoin isn't a brand, dude. It's a fad. It's hype. It doesn't have a marketing team like Apple does.

>>10693372

You can exchange them to women for blowjobs. Only ugly fat dumb neckbeards want crypto though.

Philosophy BA grad here
Can someone explain to me why you guys are valuing glorified human existence at billions of dollars?

there's literally jobs in CA right now where people are paid $100K+ salaries to be the "Chief Visionary Officer" and "Chief Diversity Officer"

pooint is everything is in a bubble. the human race is in a massive bubble. there's not enough resources to feed and satisfy the wants/needs of 7 billion people. my parents are comfy boomers with a fridge full of food and they are still UNHAPPY because they're not constantly vacationing in some exotic place.

>>10692489
>printing fake bitcoins
Being this much uninformed and not knowing what you're talking about. Go back to facebook normie

>>10692556
>tell autist #1 this isn't a programming discussion
>autist #2 reads this as a programming discussion and spergs out
like clockwork

>>10693125

>I bet you majored in social “science”

Interesting projection. Guess we found out your real major then.

>>10692560
>glorified data packets.
Stick to trading options. It's obvious that crypto currencies are way above your pay grade and IQ level.

>>10693430
my point is the idea has been born, we're just watching it unfold. sure, Bitcoin is a fad, biz bro, just like the internet, US government, and Christianity

>>10693435
whores accept bitcoin as payment
they don't accept gold

>>10692770
based time machine poster

>>10692345
Comp Engineer dropout here, no clue, but Im retired now. Enjoy your wage slave life.

>>10693477
what are you gonna tell me? that gold hasn't been suppressed that way for years? you want to tell me that (((they))) will play by the rules and actually have a bitcoin backing every single IOU that they sell? are they gonna prove it by being transparent with the wallets and making it possible to redeem my IOU? or are we just gonna trust (((them)))?

>>10692595
this

>>10692345
stick to worrying about the tech and leave shitcoin shilling to us you fucking nerd

>>10692345
>compsci major
>o
>m
>p
>s
>c
>i

>>10692586
Well technically, it's at least 10% money

13 year-old here
Can someone explain to me why humanity are valuing glorified pieces of paper at billions of dollars?

>>10692556
tfw you a software engy who know Netflix uses Nose.js

>>10692345
Dont mock the suicidal anon.
They are still hodling their worthless cyber-tulips.

>>10693652
lmao
every (((jew))) is whaling it up moron
are you literally retarded?

>>10692345
paper major here
Can you explain to me why you are valuing glorified pieces of paper at billions of dollars?

>>10693858
because they have security strips in them

>>10693733
Comp sci major here...
That is my boss...
Fuck my life...

>>10694370
do you have any arguments against what I said?
How can you be sure the etf won't create artificial supply thus driving the price down whenever (((they))) want? it will be gold 2.0 making the goyim believe they can be independent from the gobernment and inflation, but on a short leash

>>10692345

Shut up nerd!

>>10694554
When bitcoin hits 50k we’re all gonna make it anyways, who gives a shit

>>10692345

Why do software engineers deserve to get paid 100k starting when they just generate abstract ideas all day?

>>10694554
Only 21 million. If a few million are locked up in ETFs and exchanges have millions being bought its pretty simple to do the math.

>>10692489
Will the BTC ETF hold actual coins or will they run it like the futures market? If they have a fat stack you can be sure they’ll manipulate it, but there are many factors involved. Mainly they can never have a major majority.

>>10692345
uhh.. cus even without being comsci majors they know it's more than glorified TCP/IP packets? when you get your brain back, drop some coin into https://www.theaccountingblockchain.io/?aId=7543845-2892534
it's more than a greater fool theory.. you can also count on greed and corruption. these guys are tight with binance and setup shop next to them in malta. also, the advisers headed the malta gov fintech initiatives. cha-ching. but hey, you know better enough to spend 100+k in school to fight pajeet for a job.

>>10692556

Someone who doesn’t realize almost all top tech jobs have you writing js or python these days

>>10695243
yea, but that's a big if, as of right now the sentiment is super low and the institutions will milk this capitulation maybe for years

>>10695282
well the problem is how do you actually verify if the ETF holds any coins? it's probably gonna be based totally on trust like Tether right now.

>>10695286
it's supposed to be backed by real bitcoins but who's gonna hold them accountable whether they really hold every bitcoin for every share or do they start selling people some imaginary coins that exist only on their spreadsheet driving the price down

>>10693069
KEK
this

Chemistry major here
Can someone explain to me why you guys are valuing glorified organic molecules as this thing you call life?

>>10692556

he's just jealous he isn't making 100k in his early 20s writing microservices in typescript with k8s

>>10693125
kek, technical rebuttal of what? The lack of understanding of the blockchain technology? Maybe you shouldn't go to the shittiest mumbai university after all pajeet...

>>10692345
Crypto creates scarcity in a domain where typically none exists. Most information can be duplicated endlessly so copies and therefore information in general is worthless. Cryptocurrency can’t be duplicated (double spent) so it has utility as a multiplayer accounting system. Whether or not people want to use that accounting to represent real economic value is up to them.

Research blockchain numbnuts, it solves the issue of ensuring resource scarcity with math

Remember, abstractions are more valuable than physical things in the info age

>>10692702
Trading =/= Finance.

>>10692345
Because information is valuable

>>10692345
Un-wipeable debt record. Tyler durden can't take it down.

>>10692770
BaSed and first one to be redpilled

>>10692770
why is this based and redpilled? bought link ico thats when i showed up

>>10692345
>glorified TCP/IP packets
You have to be 18+ to post here anon.

>>10692345
>baby's first networking class
>"LOOK HOW SMART I AM BIZ"

pathetic t b h

>>10692770
>>10692801
WOWwwwwwwww i need a hobby or a skill i gotta get off this website that was so long ago

>>10692857
lol m8 we barely have dick done in quantum computing. Its purely research at this point with few applications. Gtfo

>>10693125
You are prob a CIS or IT faggot larping.

>>10692738
>CTRL C
>CTRL V

i am the new satoshi nakamoto