/biz/ - Business & Finance

>>12546332
I saw this on youtube like 2 months ago and made a thread on /biz/ about it too. Maybe yours will do better. Good luck.

>>12546332
LINKIES when they're left holding their bags.

>>12546332
that episode explains why crypto will never become mainstream
The majority of any given crypto is held by a very very small minority
The ICO investors/founders/early miners have a disproportionate amount of coins
No one is going to want to buy into an economic system controlled by a handful of whales

>>12546391
You just described the stock market you retard

>>12546400
yea but the stock market is for investments not for currency
I'm talking about adoption not speculation
Also the stock market has much much stronger regulations than crypto which makes it a safer place for the average investor

>>12546332
>it’s another jackdurden.com thread
Kek go back to pol

>>12546391
So many coins are dead just on distribution alone. Do an ICO giving a large majority of your supply out to speculators and then you expect adoption later? Its pure bullshit and everyone knows this

>>12546332
hyper deflation drives adoption of new currencies

why copy and paste threads OP?
are you trying to market something?

>>12546391
>No one is going to want to buy into an economic system controlled by a handful of whales
Take a look at who owns the top percentage of wealth in the world as it stands today. If I'm not mistaken the top 1% owns more than everyone else under them. Not much different, is it? People are working multiple jobs and they still can't afford to buy a house or start a family without being shackled in debt because our money has been nearly printed into oblivion.
>>12546412
>Also the stock market has much much stronger regulations than crypto which makes it a safer place for the average investor
>Can't invest in unregistered securities unless you have special authority as an "accredited investor"
>Being an accredited investor is defined as having large annual income ($300K+) or a net work exceeding $1MM (not including home value)
>The accreditation has nothing to do with actually proving your investment knowledge/ability, you are just wealthier than other investors.
kek I think you mean it's a gilded cage built in a precise fashion so that people like you can never win. Look at all the fat cats on wall street or the banks that get caught with their pants down every year for breaking the rules, laundering money, etc. but never go to jail. Just end up paying a fine that is a pittance compared to what they net in the end. Look at the congressmen that overhaul insider trading laws to make it easier for them to get away with it on top of the ridiculous salaries and benefits they are taking home already.

does free will exist in a capitalistic society?

>>12546332
wait is this an old cartoon from a while back? It looks kind of blurry but it was pretty good. Honestly a lot funnier than most of the other stuff I've seen recently

>>12546497
This. Every criticism of crypto I've seen could be levelled at the current system, while same isn't true going the other way.

>>12546332
lol pretty redpilled, fits right in with 90s kid shit. Fuck porpaganda

>>12546332
Based and redpilled

recess was what all the npc kids watched in elementary school in 1999
that and rugrats were all anyone ever talked about

>>12546332
In a free trade system most people will inevitably stack at the bottom.

Ones that "make it" either has the drive to pull themselves up by the bootstraps or has the foresight to invest in PHYSICAL things.

>>12546837
recess is one of the greatest shows of all time senpai

>>12546497
That doesn't make crypto a good alternative.

>>12547245
>tfw you remember rugrats were all kikes

>>12546332
Biggest brainlet in youtube comments


>This is what would happen in the real economy if fiat currency wasn't regulated as "legal tender". Its what's happening with cryptocurrencies now, and is exactly why the governments of the world are shitting themselves and trying to regulate them.

>In a free market, a meta-market of currencies could form and be affected by the value of others within that meta-market. i.e. Trying to use the Dollar becomes untenable due to extreme scarcity, so people start using cryptocurrencies instead. The demand for the fiat dollar falls as a result of more and more people adopting the cryptocurrency as an alternative, meta-market forms.

>>12546436

go back to Israel yid

>>12547734
this desu.
we need an aircraft carrier backed crypto