/biz/ - Business & Finance

>>17089908
and that's without smart contracts, oracles, or stablecoins. it blows my mind every day bitcoin doesn't explode to $100K overnight. we're still early bros. bobos will get rekt.

>>17089908
Because no one needs it.
How many times has OP sent $100,000 to someone in another country?

>>17089908
>name another way I can send you $100,000 without knowing your name, location, or any other personal information, electronically, from anywhere in the world, with no organization in the middle, for fees less than 0.01%? are people really this stupid???
USDT or any other stable coins, and you don't risk loosing 5k in the process

>>17090048
this. the only use bitcoin has is to launder money, thats it. 99.9% of the bulltards have never even sold it, much less sent it to someone else as payment. cope

>>17090127
ok new fag. keep HODL'ing your 0.01btc you got ATH

>>17089908
>name another way I can send you $100,000 without knowing your name, location, or any other personal information, electronically, from anywhere in the world, with no organization in the middle, for fees less than 0.01%
Ethereum can do this.
>>17089945
>smart contracts, oracles, or stablecoins.
...with all of these too.
BTC is dead people just haven't realized yet.

>currency that's only used to buy drugs/weapons and child pornography isn't used by normies.
wow I wonder why

>>17090289
I used to think this way too. But the difference is the BTC has a cap on its supply. ETH doesn't. The BTC will forever have its place as digital gold while Ethereum will be the world's decentralized computer.

>>17090048

>People never send money overseas

What is western union, MoneyGram, and wire transfers

>>17090085
>loosing
opinion disregarded
>>17090127
ok retard
>>17090289
i am talking about "btc" as all crypto u fucking moron. and eth's network is nowhere near as secure as btc
>>17090312
black-hole-brain-wojak.svg

yikes. biz is full of degenerate mouth breathers.

>>17089908
i'm straight up unbanking myself this year. talking to a bank is always a fucking headache. which is rediculous because i PAY them for their services which apparently do nothing for me anyways. BTC atm's and being in control of my funds is the way to go. just gotta figure out how my employer will pay me without direct deposit...or rather the cheapest way to cash a cheque...
>inb4 muh transaction fees
they're way cheaper and i know the money is going towards keeping the currency stable. not into the pockets of some faceless nameless overlord.

>>17090832
It's tough for employers right now to pay in BTC because it would assume they have a stockpile of it. I am sure there are services out there that can do this, but not sure of their trustworthiness. ETH would be good for this.

>>17090832
>talking to a bank is always a fucking headache. which is rediculous because i PAY them for their services
My bank pays me and I haven't had to actually talk to them or even go inside one in years.
I guess you're hit with monthly service fees because you can't even keep the $100 minimum balance.
Also I seem to go through life just fine without paying "transaction fees" on anything.

>>17091102
If an employee came to me asking to be paid in bitcoin I'd fire them and hire a sane person.

Who cares.
Traps love link and tezos.
Live in paradise on half a link.

>>17090327
The issue is most people sending money overseas have no fucking clue what bitcoin is or how it works. They just give the teller the cash they want to send and move on

>>17091142
>t.couldn't manage a game of simcity

>>17089908
because we dont care, we can make way more money with stocks

>>17091153
yeah and they get raked over the coals for doing so. WM/etc are absolutely predatory scams surveilled by govt

>>17089908
>p-pls make my electronic meme go upwards pls

The rest of the world doesn't care about muh decentralization. They are perfectly fine paying with their debt cards, and calling Wells Fargo and knowing if their is fraud, it can be dealt with.

Normies don't want to be in charge of their money and deal with that hassle. Nobody cares. People pay eachother with Venmo. Even people in crypto don't even pay eachother in crypto.

It's all speculation to make money.

>>17091189
You're probably right as I am not a video game-playing retard who lives in some fantasy world where I might need to send large sums of money oversees anonymously.

>>17089908
priced in

>>17090832
>unbanking myself
"I'm taking my $18 out of the bank and putting into bitcoin. That'll show those centralized money people!
I'm in control of my own money now! I can even send anonymously to Mongolia for low transaction fees!

The mental state of /biz/

I think all millennials should buy bitcoin really, privacy is key. that brings me to a project developing a totally private and efficient internet for mainstream adoption

>>17089908
Because you don’t want to know how the money is actually printed
>hint: the same way the sausage is made

>>17089908
It's because

1. Normies don't care about their privacy unless it involves nude pictures of themselves

2. Normies like having a middle man who can fix things if they fuck up (and normies fuck up constantly)

3. Normies don't mind paying more as long as they get to have a middle man who fixes their fuck ups and who they can shift the blame on

That's all there is to it

>>17091659
Give me an example of how "normies" fuck up constantly and need a middleman to "fix it".

>>17091926
banks

>>17092470
I use a bank. How do I fuck up and need the bank to fix it?