/biz/ - Business & Finance

>>17632571
If you could come up with a currency, what would you back it with and why?

Kikes
>foreskin backed currency
>living it up cutting and sucking 8 day olds

>>17632571
The jews

>>17632571
>not backing your currency with memes

>>17632571

>>17632584
Energy, because energy is scarce. All spare energy could be monetized such that there is no waste. Bitcoin.

>>17632611
>these are the people that call eth 2.0 a perpetual motion machine
L
m
a
o

>>17632611
All it takes, is a few snips and for the repairman to not show up for the power grid to shut down.

>>17632571
>US doesn't have oil backed currency

>>17632571
bullish for chainlink desu

>>17632584
sex backed currency

>>17632571
>Abraham Lincoln
>labor based currency (greenbacks)

this monetary policy is the main reason why Lincoln was based and the Confederacy were faggots. Unfortunately Lincoln's greenback initiative was basically destroyed with the creation of The Federal Reserve in 1913

>>17632571
>US Presidents
>tried to remove debt-backed currency
>spoke about israeli's nuclear weapons program
>dead instantly

Coronacoin
> death backed cutrency
> alive

>>17632627
Demand for transaction finality will incentivize the blocks to be mined. Do you think you can knock out all electricity on the planet at once? Do you think that electricity would not come back? It could very well happen, but it has not happened yet.

>>17632623
Energy is scarce and is spent to secure Bitcoin. Yes, I am the anon who first compared PoS to perpetual motion machines back in January.

>>17632611
t. Nwabudike Morgan, CEO Centauri Monolpoly

>>17632704
lmfao that is hilarious

kim jong un
>currency backed by nukes
>alive

based kim il sung and the juche idea is the sun that never sets

>>17632660
Yeah the only time the us ever defaulted was during the greenback era. Super based currency bro.

Fucking retard.

>>17632660
Labor backed currency makes no fucking sense, labor doesn't create any wealth otherwise carpenters that work 8 hours in the blazing son would be at Bezos levels of wealth. Good luck with the constant recessions lmao.

>>17632571
>debt-backed currency
Not for long...

>>17633393
Absolute brainlet. Bezos's wealth comes from exploiting millions of workers, i.e. paying them less for an hour of labor than the value they produced in that hour, and by improving efficiency so that he has lower necessary labor requirements than the social average. If something requires no labor to utilize, such as the air we breathe, it may have tremendous use value but it will have no exchange value.

3 of these lost domestic wars

>>17632600
>giant a are you faggot! fucking

>>17634399
How did Amazon get big enough to the point of being one of the biggest companies on earth? It wasn't their labor, it was the innovation that attracted consumers to their website that created their value. Shut your fucking psuedo ass up.

>>17632571
Until it isn’t

Don’t worry it doesn’t matter. None of this matters.

>>17632692
>Yes, I am the anon who first compared PoS to perpetual motion machines back in January.
based, good to see you're still here

>>17634510
Who wrote the software? Bezos?

>>17632571
Cool it with the anti semitism, buddy.>>17632571

>>17632571
Blockchain Freedom Era
> NERVOS backed Huobi Currency

>>17634544
Thank you. I appreciate you. I've been on 4chan since 2006, progressing from /b/ to /g/ to /biz/, I was here the day this board was created, and I've used Bitcoin since 2011. I lost those original coins, but have been and have been holding coin since 2012. I invested in the first ASIC manufacturing company, I mined dogecoin super early before it even had a price.

>>17634574
Probably

>>17634641
The frustrating thing about encountering someone with ~95IQ is that you know they're probably happier that you are. You seem like the type to fall for LINK and PNK because of the memes and end up with tens of millions of dollars by accident. I'm honestly a little bit jealous. Of course, if you hadn't stumbled upon 4chan you would probably lose everything on some Facebook-tier MLM scam. Stay safe, /biz/bro.

>>17632571
>Proof-of-work backed currency
>to be deterMined

>>17634764
Not an argument midwit
Bezos could've worked his whole life and created nothing of importance doesn't mean that he'd be wealthy because of his labor. Market forces determine value I don't know why I have to fucking explain this on /biz/ of all places.