/biz/ - Business & Finance

The game developer and server host have the power to alter or restrict your access to your skins

A better analogy is that they're basically digital mill coins. It's basically fiat because a small group say it is and it has nothing backing its value

>>18427049
Same with Bitcoin it is controlled by the mining community which is not decentralized which defeated the entire purpose years ago when mining went to China.

Yes I trust valve more than some stinky opportunistic chinks.

It's trash dude you can't even defend it anymore. Prop the price up, but the technology? Lmfao what a joke it's just toy money dumb ass. It is not backed by weapons, no different than a video game item. Truly a fucked investment.

Just warning you, I was once convinced to shill this shit to other people and what a foolish thing to do.

>>18427049
or change the price

>>18427018
based
bring back the virtual hat economy

>>18427108

All money is toy money.

Even if you want to argue that mining control is too centralized, miners have no incentive to crash the price of their own investments. As opposed to fiat where governments are actively incentivized to devalue the currency

>>18427108
you made it one (1) reply before outing yoursellf as a tard. congrats

>>18427112
Are you saying price manipulation doesn't occur with Bitcoin? I've never seen more wash trading and fake pump scams... The video game market is actually more stable.

OP has a point actually. I have been investing in rare items and I find these to have more value than Bitcoin with a better demand. I sold a dota 2 hook I won in a contest for $700 no shit.

The video game item market is hot right now.

>>18427182
>delusional

You're a tard if you think Bitcoin is worth shilling you didn't explain why it is better than a video game item. I am pretty sure that video game items can be worn in the game. What can bitcoin do? Even less, that is a very dumb concept to just put money in to something that is a ticking time bomb...

>>18427018
they are the same thing technically, the thing is video game skins are more volatile, people could lose interest in the game or skin, the game could introduce better even more rare skins or the game could just stop being played.
crypto doesn't have to worry about people moving on to the next thing as much.

imagine being so out of touch and worthless that you spend your time to post bitcoin skeptic talking points from 2016 as a ploy to get attention from newfags

>>18427018
Cryptocurrencies are mathematically secured in that they cannot be artificially duplicated or created outside of mining which gives a predictable output of coins.

Based on your post I'd say you are too low IQ to even have a chance of understanding, because otherwise you'd already know this from basic research.

>>18427018
>So what is the difference between bitcoin and a rare video game skin?

Try critical thinking for just once in your life.

>>18427108

How you can even equivocate centralized servers where anyone can be banned from a network that can't discriminate between users as long as the fees are paid is mind boggling.

Cope.

>>18427108
Crypto=Bitcoin
Opinion discarded.

>>18427251
you sound emotional as fuck
are you raging because you got rekt "trading"? enjoy your video game items lol

>>18427018
>im smarter than you because im ignorant about things you understand

So no argument?

Just salty posts, okay good that is what I was going for. Looks like you just cannot explain the difference. Let me put it simply there is none, same tech as a video game market it's pathetic.

>>18427018
You make a good point OP. I think the only real argument is basically the fact that we as humans agree that it has value. In that sense, Bitcoin is just like a rare game skin. However, can’t the same be said for gold? Yes it has a few industrial uses, but it’s value comes from 1) rarity and 2) irrational human desire. It is worth something because we agree it is and people want it. This is why Bitcoin is not destined to fail. I’m bullish.

>>18427625
If zoomers, who are entering the job market and will making adult $ soon, have a desire for bitcoin the same way people desire gold, bitcoin will absolutely succeed. No one can predict the future, but there’s a great chance of this happening.

Every sane person would choose btc over an in game skin. That's the difference

>>18427108
>Yes I trust valve more than some stinky opportunistic chinks.
OH NO NO NO

https://www.eurogamer.net/articles/2019-07-26-team-fortress-2-hat-economy-crashes-due-to-crate-bug

>>18427614
learn what a cryptographic signature is you dumb fuck lmao

>>18427625
well hard assets are valuable because we know governments have a 100% fail rate at managing their own finances
so going forward we will always need an agreed upon measure of store of value
some thing that can be hidden, easily traded and verified to be real outside of the state controlled system

bitcoin meets the criteria pretty well

>>18427674
>inb4 b-but bitcoin also c-crashed!!!
never due to system failure faggot (and spoilers, never will)
anyway this thread is pure bait OP pretends to be retarded to fill the void in his life
tallyho

>>18427625
>things have value because people want them
Congratulations, we've arrived at a conclusion that should come naturally to most 5 year old children. Truly a good point.

>>18427674
Perfect rebuttal, OP will never recover

>>18427710
>acting like that’s not the most important argument in showing normies why bitcoin could replace gold

what if the federal reserve controlled the cryptocurrencies

>>18427018
You can't use a tf2 hat to pay for goods and services. Try walking into Starbucks and buying coffee with a tf2 hat. You can do that with bitc- oh wait. Hold on...

vidya is for children
crypto is FOR MEN

>>18427018
The only value anything really has is what people are willing to pay or exchange for it.
This is true whether it's about gold, fiat, or crypto.

Gold has an $8T market cap not because of intrinsic value or anything like that, it's because of the cumulative amount of money of everyone who considers it a store of value. Warren Buffett has it correct in saying gold is also a speculative market, which is not a type of investment he is interested in (understandable but stupid imo).

USD's value comes only from the vendors who accept it as payment. If you went to a country that does not accept USD natively, it has no value there, except to trade it for local currency at the money changers.

Even crypto scams like Link and BSV have value because all the memes have convinced some suckers it has value, so their money is the value it has. In BSV's case, the amount of money Calvin is willing to throw at it to pump it adds to its value. The only risks are the premines, like how Sergey holds 650m of the 1 billion supply.

Bitcoin's value comes from the total cumulative dollars on the buy order side of the order books on exchanges. Nothing more.
And if they decide

>>18427857
surely there are no systems in place to quickly seamlessly convert bitcoin to fiat for purchases

>>18427927
I've never used my crypto.com card bc I feel like it defeats the purpose. It'd be like using gold and silver to pay for shit rather than holding it as sov

>>18427957
I haven't used my card yet. I have however used my crypto to purchase stuff directly cause sites give big discounts for doing so. I never spend a significant piece of my stack though.

>>18427018
>>18427108

Bitcoin is the most secure network on the planet. It is the only way to move $1 billion for $0.6 cents in 10 minutes without a single entity being able to stop it. It is the first of its kind. It is secure by a lot of energy, thus high cost, and game theory. It is also highly deflationary. There is nothing like it, but cheap clones. And most importantly: it doesn't need your understanding for having value. It will most likely live longer than you.

i think OP left the thread to play counter strike with teary eyes

>>18427018
I have a Guild Wars 2 account that has 240k unrealized liquid gold, equivalent to almost $12k usd. Investing in that game is what made me think about doing it in real life.
Chainlink gives me Mystic Coin vibes.

>>18429047
>guild wars
>not wow
Virgin

>>18427018
>So what is the difference between bitcoin and a rare video game skin?
>
It's divisible standardized and fungible.

>>18428146
This geezer is holding up an eyefone. Take him to the infirmary.