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/biz/ - Business & Finance


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20146635 No.20146635 [Reply] [Original]

>you have ten seconds to explain why a bunch of 1s and 0s kept in a 'wallet' made of 1s and 0s is with almost ten thousand u.s fucking dollarinos

>> No.20146690

>>20146635
I only need 1 second. UTILITY.

>> No.20146700
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20146700

>>20146635
>not realizing that the dollar and crypto have the same intrinsic value

>> No.20146702

>you have ten seconds to explain why a bunch of protons(79) and neutrons in a "world" made up of protons and neutrons is with almost two thousand u.s fucking dollarinos per oz

>> No.20146724

>>20146635
Because someone is willing to buy it for that much

>> No.20146753

>>20146635
Because no power in the world can take them away.
There is nothing else in the world that can't be destroyed, confiscated or shut down.

>> No.20146790

>>20146635
The same reason a bit of paper in your wallet has $100 value and a different bit of paper worth $1.

>> No.20146807

>>20146635
Because the gov lose control and they dont like that.

>> No.20146902
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20146902

>>20146635
>you have ten seconds to explain why a bunch of quarks and gluons kept in 'atoms' made of quarks and gluons is worth almost ten thousand u.s fucking dollarinos

>> No.20147811

>>20146635
Because of the arbitrary nature of our existence.

>> No.20147848
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20147848

>>20146635
Those are keys to some pretty valuable assets.

>> No.20147887

>>20146635
>You have ten seconds to explain why this piece of paper is worth anything.
>You have 10 seconds to explain why this plastic card that reads and outputs 1's and 0's is worth hundreds of thousands of dollars.

>> No.20147898

Because trust