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/biz/ - Business & Finance

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12104413 No.12104413 [Reply] [Original]

The analogy between BTC and Runescape partyhats is the best one in the world economy. Yeah it's just a game, but this is it. There is no other economic comparison that works this well. For reference, partyhats are an item in Runescape that were introduced in the beginning of the game and never created again, eventually becoming the most valuable items in the entire game - finite supply and high value despite being 100% cosmetic useless items

Partyhats: Introduced, low supply, not worth much
BTC: Introduced, low supply, not worth much

Partyhats: Glitch where partyhats were duplicated a ton, crashed market for years
BTC: No glitch here

Partyhats: Free trade removed, liquidity of partyhats ruined (not accurately priced in GE, the stock market of Runescape, so you had to use junk to trade), crashed market for years since there was no good way to trade them
BTC: MtGox was hacked and BTC liquidity completely ruined, crashed market for years since there was no good way to trade them

Partyhats: People realized that despite setbacks, the reality of the economic situation would overcome it. Even though they were cheap now, there's still finite supply
BTC: People realized that despite setbacks, the reality of the economic situation would overcome it. Even though they crashed to cheap prices, they bounced back soon

Partyhats: As the game got more popular they became status symbols and the most valuable items in the entire game worth billions of GP, more than any armors or weapons despite being useless
BTC: Continually rising into the thousands as it becomes more ingrained into the world economies

(continued below)

>> No.12104417
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12104417

>>12104413

(continued)

Partyhats already happened though - they're our glimpse into the future of BTC. And guess what - partyhats are now all worth over max cash (max value of 32-bit signed ints). Blue partyhats are worth ~13b GP. This is not even due to inflation - all other high level combat items are cheap as fuck too compared to partyhats. This is due to finite supply

Funnily enough, Jagex just announced that BTC will be a new accepted payment method for membership.

tl;dr
Bitcoins are partyhats. Didn't you always wish you bought a partyhat back when they were only 100k? Even back when they were 1b?

They are discontinued items just like partyhats. They're actually better though because they are useful economic tools not just cool hats on a video game.

If you real world traded for partyhats back in the days, you'd have made 100000% returns on your USD today. It's not just a game

>> No.12104432

Cool story bro

>> No.12104433
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12104433

>>12104417

Basically what I'm saying is, this is your chance to buy partyhats and santas hats for a couple million GP because nobody realizes their value yet.

Yeah, it's not a few thousand GP like in the very very beginning. But it's still early as FUCK

tl;dr
Don't be a cuck, buy partyhats NOW for a few million GP before they become billions. You know I'm right in your heart, in your technologically minded brain. This is it. This is the real thing. Normies haven't even begun to start getting into this yet.

>> No.12104469

Runescape Classic was the only fun period of the whole game before bots took over and people transitioned to RS2.

Pking actually meant something, it was fun and somewhat dangerous, economy was fucking great.

Then they started adding all sorts unnecessary stuff to it. And this year Jagex closed RSC for good. Why the fuck did they hate RSC so much?

People were willing to even pay to play RSC, but no new members were admitted to it. They did not want to supervise the servers, they fucking loathed RSC. I wonder why? People genuinely enjoyed it and it had still like +300 active players what I understand even to the very end

>> No.12104487

>>12104469

This is why BSV will win

Classic coke always beats new coke

>> No.12104488
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12104488

>> No.12104493

yep, btc "store of value" use case should value it at least similar to gold ($7 trillion mkap)

>> No.12104538

Only played old runescape for a tiny bit, but how about the earbuds from tf2? how would that go as a bitcoin analogy

>> No.12104576

OP was not a faggot today.

>> No.12104715

Great analogy

I neither want or have any use for party hats or bitcoin

>> No.12104732

>>12104469
Runescape classic sucked fucking dick and the reason it died was simply because nobody wanted to play it

>> No.12104804

>>12104413
>Bitcoin
>Having a status value
Fuck off