/biz/ - Business & Finance

Nah

>looks up BTC price
hmm, it seems it's got an actual real world value of ~$7000 USD American dollars

If you don't know by now you'll never know

>>13713224
>what is burden of proof
you made the original claim retard. convince me of your point instead

>>13713277
Speculative value is not real world value. Tulips also got priced at absurd levels before collapsing.

>>13713314
Crypto has to prove that it has value. We already know that fiat has value because we can use it everyday to buy anything we need or want.

>>13713515
crypto is a concept you stupid fuck, not an entity that can assert prove on itself.

If you aren't asking some fucking abstraction of "crypto" to prove itself, then no, you ARE asking someone else for proof that is instead a burden to your claim

>>13713224
One word
Metanet

>>13713576
Your fucking concept needs to prove its not just a fucking magical fairy land idea IN THE REAL FUCKING WORLD. What you are telling people to do is dump all their money into something that is unproven as a real world currency and essentially a global ponzi scheme.

Your dollar only have value because you trust it. Same for cryptos or any other currency.

>>13713618

Imagine being like this. Never going to make it and so ignorant and arrogant at the same time.

>>13713224
Venezuela, Weimar Germany
bitcoin is a store of value and you will see its power within the next 3 years during a major economic crisis
it's the only thing that won't loose value (gold will at first too)

>>13713618
boomer unveiled

>>13713224
define real world value

>>13713224
Aside from fine art, it's the only investment that doesn't harm consumers as it increases in value.
Real estate, oil, produce, livestock, etc, all increase the cost of living as they increase in value.

CRYPTO IS A PONZI SCAM

Honestly I don't even know how the fuck crypto works aside from being similar to stocks.

>>13713643
What a typical arrogant /biz/ poster. Do you think your special? You think just because you know a bunch of stupid terms that you're better than anyone here? Tell me. Please. Tell me why you think that way. I'd love to hear it. And for the record, I've got a masters in economics. Really chaps my ass that you nitwits come on here and chastise anyone with your vague and dismissive attitude without ever having even argued against the actual philosophy being discussed. Lets hear your 'economic thought' you yellow-bellied shit posting psued. Go right ahead... there is no better place than here and no better time than now. Lemme guess, you like keynes? Or are you some laissez-faire extreme capitalist? Read a few quotes from milton friedman and now you're the expert on money and how to run an economy? Lay it on me pal. I got all day. I'm gonna be here in this thread questioning everything you say... everything you do. Every post you make. Every feeble attempt you try. So you got two choices my man... you either put up or you shut up. Whats it gonna be?

>>13713777
checked

>>13713224
> Crypto has no real world value
You can't imagine how much taxes I evaded and how much drugs bought using crypto.

>>13713777
this is now a copypasta

>>13713777
Are you English? You sound English.

>>13713862
Yeah no shit newfriend

Money is a belief system.

>>13713777
Checked and facts

>>13713224
Which "Jews" is he talking about?

>>13713643
The only people who are into crypto are penniless fools gambling on speculative nonsense. You should ask your mother how her beanie baby investment worked out.

>>13713224
Go fuck ur self

>>13713224
The U.S. dollar, too, is a social construct.

As I thought, none of you can do it.

>>13713224
Lol that's definitely Columbia Jewniversity.

>>13715317
finite supply, immutable, value goes to eye of the beholder and yes it is speculative. Go take a risk, if not thats your fault.
>only 2.5 million BTC wallets over 1k USD
>do the MATHs not many speculators

those who understand the tech, will GO ALL IN ! they know how indestructable this BTC is

>>13713224
Nobody here can make you smarter, anon. You have to accept your inferior genetics and then choose to keep listening to yourself or to listen to us. Past that there’s nothing more to say.

>>13715364
he prlly is a poor nig nog nigger ); its ok to not understands

>>13715350
A finite supply still doesn't make nothing worth something.

>>13713316
Tulip bubble is a myth.

>>13715401
transfer of wealth, and its a one world currency, the world is ending.. this is it

hope on to sell your soul, cuck.. peace


>NWO

>>13713224
Stay poor and FOMO at 20k

>>13713978
you are gay. why are you gay?

>>13715422
This really says everything about how twisted crypto cultist are. In your vision where crypto (a thing that doesn't even physically exist) will become a world currency when the global economy collapses. You people actually want the world to suffer all for your weird vanity project.

After reading all of the comments on this thread... as an engineer I’m starting to wonder how many people here have actually read the bitcoin protocol white paper by satoshi, and understood it. Like really. Or any of the other altcoins being shilled, and how they differ in function/form from bitcoin.

>>13713224
Israel has no right to exist

>>13715459
>OP is an ultimate KEK lels
thanks for the laughs fegit, no reason explaining to an incel

>HAVE SEX

>>13715495
Based

>>13715459
The blockchain exists, physically.

>>13715513
Ok, where can I go to see this physical blockchain. Where do I need to fly to?

>>13715513
Still no answer. Where is this blockchain you speak off. Is it in a bank, university, a factory of some sort?