/biz/ - Business & Finance

>>16167028
bitcoin will never be adopted as money.

>>16167210
ok boomer

>>16167028
Tbh lad, that is unlikely. The current central banking paradigm is much better at keeping the masses enslaved. What you describe would lead to revolt in ~ 1 year.

>>16167217
i'm no boomer and i'm probably more bullish on bitcoin than you are but it just doesn't have the desired properties of money. it's an excellent gold replacement tho.

>>16167260
I'm very bullish on other cryptos
BTC has every desired property of money except you can't literally hold it

>>16167291
too slow too expensive
Member what it was like at the peak of the pull run

>>16167291
it has almost none
the ideal money is flexible in supply (thus stable in value), unlimited tx/s and ease to transact, private and completely fungible, extremely durable, easily secured, impossible to counterfeit, readily divisible.

what bitcoin has from this is divisibility and ease of securing it. rest is a bust.

>>16167345
well arguably it's hard to counterfeit unless you count shitforks as counterfeits and pretty durable as durable as the internet really.

>>16167291
Except you literally can in the form of a piece of paper with a key written on it or in your phone or ledger faggot

>>16167378
based and paperpilled

>>16167345
>the ideal money is flexible in supply
explain why the a flexible money supply is desirable for money? maybe iff you enjoy your money become worth-less

Just save one btc no matter what and be rich forever then.

>>16167338
So pay with LTC which is valued in Bitcoin
>>16167345
for a bitcoin owner you sure are clueless
>>16167378
you're holding coin access, bitcoins aren't physical retard

>>16167397
Have you ever read a book on Macroeconomics?

>>16167397
no with flexible supply the value can be fixed or as close to it as possible. no fixed supply currency will be stable ever.

>>16167415
>for a bitcoin owner you sure are clueless
you can't prove me wrong m8 why open your mouth then?

>>16167439
DYOR

>>16167415
>you're holding coin access, bitcoins aren't physical retard
Singular access to something == ownership

KYS NIGGER RETARD FAGGOT FUCKER

>>16167443
so you can't i knew it. i was researching this shit when you were swimming around in your dads ballsack.

>>16167419
>no with flexible supply the value can be fixed
you're telling me that you're going to make more supply of something that you have a fixed amount of and you're going to have a fixed value...

>>16167417
>Have you ever read a book on Macroeconomics?
Nope, help me out. I'm guessing something something fund wars

>>16167459
look at dai infinitely flexible supply stable value. it's pegged to the usd but any asset or basket of assets could be used that has price discovery available for oracles.

crypto like that is much better suited to be money.

that aside bitcoin is awesome and will hit $1mil within 5 years.

>>16167451
>doesn't even know how old BTC is

>>16167028
Kek. If the elite have all the bitcoins why would we want to transact in them?

>>16167459
>Nope, help me out.
Well the gist of it is that inflation makes rich people want to invest their money instead of hoarding it. Similar to how you want to hold your bitcoin instead of spending it if you believe that it will always go up. Now imagine that but with the entire economy.

>>16167474
I haven't spent enough time looking into Dai, but from what I've read so far all I see is that the price is pegged to the dollar but the purchasing power suffers the same issues as our current system.

I'm going to look more into it. Thanks

>>16167028

https://video.kqed.org/video/in-the-age-of-ai-zwfwzb/

>>16167631
I'm not saying dai is perfect but the idea of fully flexible supply and stable purchasing power is sound for ideal money.

>>16167622
The price would rise to a certain point and then investors would have incentive to make more than the rate at which the store of value (btc) grows at

>>16167642
Damn homie that was my wallpaper for like 5 years, 12 years ago or so. Beautiful.

>>16167661
rofl are they dumping waste into the peasants water supply? Based.

>>16167028
dream on. the mark of the beast will be XRP.

>>16167210
This. You're an idiot if you thnk you're going to be paid in a digital currency when every currency is already digital. Fucking stupid. This is like blockbuster but the opposite. People holding onto a new phenomenon.

>>16167687
>This is like blockbuster but the opposite
you understand how stupid you sound

>>16167653
That would be fine in times of growth when their investments outperform whatever BTC would make them, but in a downturn BTC would become a safe haven and thus create a death spiral for the real economy. I'm not sure if the people who believe in "sound money" like gold and BTC even agree that business cycles exist.

>>16167260
OK boomer

>>16167771
I want to read more about this now, thanks

>>16167028
you do realize btc is deflationary right?there wouldnt be an incentive to spend it if it was so sparse therefore no reason for the elite to keep it from us. btc is anti elite thats why it works.

>>16167687
It's coming jackass, don't be one of them people that is blind to changes happening around them.

>>16168057
Yep, any day now...

>>16168191
I still think you're being irresponsible if your portfolio has zero bitcoin in it

>>16168305
you mean satoshis :)

Why would anyone use something that is slow and expensive?

>>16167745
Youre an idiot if you think the global financial market and the people who run the world are ever going to give your shit coin room to breath in the most controlled market to ever exist: currency. Suck my dick faggot and buy my shitcoins because you're a dumb nigger in a ponzi scheme run by obese faggots who would be trannies by now if it wasn't for this coin allowing them to pay women to fuck them so they can still remotely feel like men for a few more years. You won't make it.

>>16168649
It doesn't even have to be suppressed
Bitcoin itself sucks

>>16168674
stay poor