/biz/ - Business & Finance

>>16358409
do you work under a rock?

>>16358409
BTC isn't Bitcoin. That's probably why they were confused.

>>16358409
Most people could care less about BTC, they only like the novelty of my massive gains.

tldr: BTC is not the future

>>16358409
What is bitcoin though?

>>16358431
based

>>16358431
A series of tubes

>>16358425
yes it is, everyone hates ach but nobody can do anything about it cuz fintech companies keep making bank partnerships for regulatory compliance instead of adopting new ledger technology

once a few zoomers figure out how to hack the law to construct a capital market around the blockchain and service its capital directly to business owners, it'll be over for ACH in a hurry.

the weak should fear the strong

>>16358409
Look man, even people who keep up with mainstream news know what Libra is and many oppose it, bring up BTC to someone who’s aware of it and they don’t see a problem, just think it’s play pretend.

I was talking to a trader the other day and he got freaked out on BTC, just couldn’t get his head around why someone would trade on something so volatile. The dude even mined it in 2015... I tried to explain that the “physical backing” occurs through the mining process, which secures the network, but he was plainly disinterested. Another one of my friends actually used BTC to buy products online, with coins he mined. He just thought it was a temporary medium of exchange until the whole thing collapses. These people weren’t necessarily retarded, though. I just saw how the idea of crypto is presented with irrelevance and begets complacency.

The fact of the matter is major institutions have accumulated large positions and the dev teams for these projects are still up and running, along with new projects which serve industrial utility. Invest with caution and realize that the cultural impediments to adoption, or even interest, are threefold. Crypto changes how we think about money, privacy, and technology. We already know that most people culturally don’t give two fucks about understanding money, but how many tens thousands of Mormon children and adults have apps which secure and monitor their activity, because privacy and technology are incompatible with their culture? They are just more extreme than others, and the rest of society falls to the left or right of that position on a gradient which has the greater density in the category two standard deviations away from even considering opting out of the current financial system.

>>16358409
That’s similar to how people who understand tech look at you when you mention Bitcoin
FYI

>>16358492
the physical backing is 100% repurpose-able at (assuming BTC crashes) very little cost

that might uh, you know, scare some people off

>>16358431
Money e-mail.

>>16358520
Repurpose asics? Lel

>>16358419
>whats bitcoin?

>>16358409
Ive overheard random people talking about crypto in fast food joints. Everyone of them said it was a casino.

>>16358569
well sure those could be recycled but that's a pretty disingenuous argument and i'm not going to bother telling you why because you already know

but even assuming what you know you've ridiculously assumed here, the recycling of asics for some purpose other than backing currency seems extraordinarily simple by comparison to figuring out a new market to dump the massive storage of precious metals into.

i mean if you won't capitulate that point, then in the opposite scenario you admit that should the currency go to $0, it's backing will be worthless as well

i mean you're not even arguing in good faith so i don't know why i'm bothering but there it is

>>16358419
Kys in a painful manner

>already late and it's not even relevant anymore
This

People mined thousands of BTC basically at electricity cost and in 2017 Coinbase was #1 in the AppStore.
This Ponzi is over, I'm sorry if you didn't make it, frens.

>>16358881
I don't know what you mean to say. Mining is repurposable to what exactly, and why would miners decide to do that instead?
Sure, if nobody thought bitcoin was valuable then mining would not be valuable... But is that going to happen?

i'm just going to erase my memory of my privi keys, fuck you all

>>16358409
>talking about bitcoin at work
State your bags, sir.

>>16359187
Asics are simply devices used to secure a blockchain network. Cryptocurrency and tokenization are two separate fields which have to potential to be secured with ASICs. As we experience greater mainstream adoption with crypto, companies could chose to tokenize various aspects of their products/services and reimburse the miners who secure that network with these tokens, in order to create an independent financial ecosystem. LINK and RCL are close examples which serve a more general utility, in which the services provided are not specific to any one corporation.

>>16358409
>2020 -1 month
>still holding a dinosaur donothing coin
You guys deserve all the pain coming to you.

>>16358857
>overhead PEOPLE in fastfood jointssss
Why are you so ashamed to state you worked at Mcdonalds

>>16358425
Most people could care less? If people could care less then that means that they either care a little or they care a lot. If they didn't care at all then they couldn't care less because you can't care less than nothing. So what do you mean? Do you mean that they care a lot about bitcoin or that they only care a little about it?

>>16359254
Jokes on you im a neet. But really anyone "normal" talking about crypto is either peddling their shitcoin project or staying away from it altogether

>>16358409
> 86% of bitcoin is already mined
you know you are late adopter

>>16358409
I've had a similar experience. The guy came back the next day after watching a documentary about it and was completely sold on the idea.
It's still early, people are just impatient anymore and are accustomed to instant gratification.

>>16359451
Couldn't* My autistic friend. Did your momma read you too much Cat in the Hat as a child? Jesus fucking Christ.