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/biz/ - Business & Finance

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11892895 No.11892895 [Reply] [Original]

>hurr my digital monopoly money should have value irl because I used my computer to solve completely useless calculations

>> No.11892928

>>11892895
>My real paper money should have value because...

>> No.11892947

>>11892928
It's backed by a huge economy and its acceptance is enforced by the government.

>> No.11892964
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11892964

>>11892947

>> No.11892965
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11892965

>>11892895
>durr my green paper should have value irl because shiny rocks and metal exist

>> No.11892972
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11892972

>>11892947
backed by a huge (((debt)))

>> No.11892981

>>11892972
debt that's backed by worthless paper

>> No.11892991

>>11892964
>US dollar comes with a guarantee from the US government
>Refusing to accept payments in dollars is illegal and the law is enforced by the government

>shitcoin has no guarantee and no inherent value. Not backed by an evonomy so you aren't actually getting anything by investing in it.

>> No.11892999

>>11892947
>Its backed by a huge economy
>huge economy
>huge
You mean backed on nothing but the promise that one day the debt fiat is backed by will be paid? You mean based in literal lies? You mean the fiat that central banks get to print out of their ass? You mean the biggest ponzi ever created? You mean the one that will inevitably come crashing down, causing the absolute justing of entire nations?

>> No.11893007

>>11892991
how is that US dollar working out for countries sanctioned by ZOG?
you don't need the government's permission to use bitcoin, which is the whole point

>> No.11893024

>>11893007
>you don't need the government's permission to use bitcoin, which is the whole point
Without the government's backing, there's no reason to accept it either. Good luck getting legal help when everyone refuses to take your fake money.

>> No.11893034

The US debt is just a way of controlling inflation. US owes to itself. If it wanted, it could print money and be done with it.

>> No.11893087

ITT mad coiners

>> No.11893161

>>11893024
Don't need to enforce it when the native currency collapses and people need a new reliable medium of exchange.

>> No.11893202

>>11893034
I bet there are people on /biz/ who actually believe that.

>> No.11893204

>>11892895

Kek

Poorcoiners should have gotten some shiny rocks in february

But they relied on their air chuck'e'cheese tocens

Too bad nerds...back to world of warcraft

>> No.11893247

>>11893202
Then explain

>> No.11893305
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11893305

literally no one on /biz/ was stupid enough to "invest" into crypto
its literally all lard

>> No.11893315

>>11893024
>>11892999
The US government has the ability to tax, and enforce that ability through its police and military. It can meet its obligations through whatever amount of real commodities they like because they have incredible force backing them up which allows them to take those commodities or their equivalent