/biz/ - Business & Finance

Need more institutional money, don't care about normies

>>23363353
something tells me this ain't gonna be the smooth sailing shortcut to riches we all hope it was, it never is. The rich and the guberment that serves them always find ways to fuck the little guy, no matter what age we live in.

I'd say get ready for rug pulls you've never imagined possible.

I want jews to be banned from buying crypto desu.
And life too

>>23363396
Once central bank e-money comes into play, (((they))) will regulate Bitcoin and other crypto out of existence.

>>23363427
jeff snider has been calling out jewish monetary tricks for years but this is the first time ive seen him discuss crypto as a solution

>>23363454
Something along those lines probably. I'd expect some accredited investor only bullshit or somesuch

>>23363468
Nah they will make it so:
>Nearly impossible to cash out into any central bank e-money
>No goy allowed to buy crypto with e-money
>Anyone caught buying or owning crypto goes to buttfuck fed penitentiary

>>23363461
>>23363468
>>23363609
It's surreal watching them enact in real time all this shit that was brushed off as mere conspiracy theory 20 years ago. It's even stranger watching the same normie faggots who dismissed it not only go along with it but actually support it (and that's a good thing).

It is obvious crypto/blockchain will become mainstream this decade (2020-2030)

You guys are delusional if you are investing to stuff like Monero or trying to fight the big bad governments with your "original vision of Satoshi"

Invest in Smart Contracts, 4th IR, Ethereum, Chainlink. Don't try to beat the jews, join them.

>>23363353
https://assetdash.com/

1 month till we pass coca cola
9 months till we pass visa
12 months till we pass masterdcard
16 months till we pass google

For me it's silver.

>>23363454
the us government has thus far been quite supportive of crypto as long as it is under us dominion
coinbase and coinbasecoin gets favored while competitors like tether and other chinks get hounded
for the moment they seem more interested in cornering the talent in the market in their own camp

>>23363454
Central bank e-money can't be implemented in the usa since 60% of us currency is outside the usa in cash form.

Bitcoin won , now they have to adapt and cohexist with the system.

>>23363718
for me, xmr is not about fighting the govt but more about not having all your transactions public on the internet

>>23363929
Tha'ts because the usa can't go e-cash due to fed notes being mostly outside the usa.
Going digital would mean a default for the usa on us currency since due to capital controls e-usd would be unusable outside the usa.

The usa needs free cryptos like bitcoin to exist to prevent the eu and china from going e-cash, since they don't have the problem of having paper currency in circulation outside their borders.

>>23363353
You know after they accumulate enough Btc they will look at Alts,
Enterprise grade Alts like:
UBT
RVX
NDAU

yup. literally all the hedge funds are buying BTC right now

>>23363951
i have heard this argument before, but how is rugpulling the rest of world and getting away with it in any way or shape a problem or hindrance to the usa
evne today the us is already retreating from world trade (sans nafta and some central american nations) due t autarky, so what would be lost that prevents the us from pulling this move

>>23364160
>i have heard this argument before, but how is rugpulling the rest of world and getting away with it in any way or shape a problem or hindrance to the usa

Because if 60% of the usa currency is outside their borders in the form of cash it means the usa can print as if it had 600 million citzens demanding it's currency.
Fucking the world would mean the demand for us currency would collapse and the usa would hyperinflate as they been printing currency for billions and all of the sudden only 350m would demand it.

>evne today the us is already retreating from world trade (sans nafta and some central american nations)

This is true and this cement more the usd as a reserve currency by starving the world of it.

>so what would be lost that prevents the us from pulling this move

The collapse of demand for usd would be catastrophic for the usa as it would allow anyone to create a new reserve currency and pull the same type of pax americana the usd has been doing since 1945, it would be matter of time until your auharky is fucked in the ass.

>>23363396
TOP TEN ANIME BETRAYALS

The market will have one last genuine FOMO this decade as BTC pumps to 100k, that's your make it or break it point. Once you reach whale status, even if you're just an orca, you'll be one of the rich crypto moguls with a vested interest in controlling the market. The current elites will subordinate you and you'll fuck over everyone who comes in after you, much like BTC whales ruin defi.

>>23364218
foreign nations can't fuck your autarky thats kinda the point of the thing
also no nation or currency can replace the usa as the world hegemon thinking otherwise is just retarded and i am saying this as a non burger btw, nobody has the force projection or navy to ensure the pax americana and most currencies are even more flawed than the greenback

global trade is already dedollarizing and reduced american trade will only drive the nails in faster so the hyperinflation from printing argument is not a problem, the effects are happening regardless and even in the worst case scenario basic necessaties would be spared from the biggest issues, with a digital currency you have perfect control over prices
we just had a whole thread about ubi that discussed that
an unimaginable amount of money was already printed since the 2001 crisis, it didn't cause food staple hyperinflation, fully controlled edollars will not either
now owning house that'll never be for you goy ever again tho

>>23364318
>foreign nations can't fuck your autarky thats kinda the point of the thing

Yea they can finance unions and turn the communist and bring you down.
Argentina was autarky and collapsed that way.

>also no nation or currency can replace the usa as the world hegemon

This is Peter Zeihan tier argument, if he would have been moved to the 1500s he would have told you to invest in the aztec empire due to the demand for their crops and secured capital and yet 300 spanish conquered an empire.

You really think if the world get's angry at the usa they can't bring it down?
Look what's going on, this entire covid meme appears to be done to force the usa into a currency devaluation..

>global trade is already dedollarizing

True with China gaining that ground which is why the usa is worried.

>so the hyperinflation from printing argument is not a problem

The usa currency goes 60% to other nations of course there is no hyperinflation the usa even has deflation.
Kill cash and you kill that demand and the usa can't compete against 1.2 billon chinese neither maintain it's navy.

>an unimaginable amount of money was already printed since the 2001 crisis, it didn't cause food staple hyperinflation, fully controlled edollars will not either

https://fred.stlouisfed.org/series/BOGMBASE

Wrong after 2008 and the reason why the usa didn't hyperinflate is because qe pumps stocks and the rich don't outbid for food , they outbid for investments as real estate which inflated like hell.

Should the usa go e-cash it will collapse in a matter of 3 or 5 years, as the suburbia economy collapses to the point people can't even pay their energy to go to work.
You underestimate global demand for usds for savings.

>>23364379
well peter zeihan hasn't been wrong thus far
china has shit tier force projection, they could barely take taiwan, even japan alone could put up a naval blockade against china and there goes everything about new chinese century
peter would certainly be against the aztecs because again no force projection capabilities and no control of their own trade routes exactly like china today
even if the world is angry at the usa what would they do, nothing can challenge the usa on the seas and the usa is a continent with cucknada and mexico as vassals
argentina was never an autarky even at its height it was severly lacking in high tech production for its time, having beef wheat and iron ore does not an autarky make

>because qe pumps stocks and the rich don't outbid for food
exactly an edollar would have the same effect, certian assets would be bid, mid tier rich people would be screwed, social mobility would end but the nation would survive and food would still not hyperinflate

Last time the US tried to crack down on Gold it required a massive economic crisis. Even then with the other restrictions, it tried to bring in all it did was drive money underground. They try to crack down on crypto it will just drive surface transactions underground. At that point the system becomes overwelmed.

>>23364443
China is gibing debt to everyone, this is a clever way to enforce their currency for trade no need for force projection.
And don't come to me with zeihan muh trade security argument , when since 2006 you can't sail in a sailboat through the suez canal due to piracy and cargo ships have to do this shit.

https://www.youtube.com/watch?v=tpNpDM-enLw


>peter would certainly be against the aztecs because again no force projection capabilities and no control of their own trade routes exactly like china today

https://www.youtube.com/watch?v=suRAVIndO4Y

https://www.youtube.com/watch?v=391JhiSsByI

https://en.wikipedia.org/wiki/Tenochtitlan

Tenochtitlan itself had more population than london, constantinople and paris combined.

>because again no force projection capabilities and no control of their own trade routes exactly like china today

Look at the videos of the aztec conquest above , if you would have told tha 300 faggots would conquer an empire whose capital was bigger than 4 european capitals combined you would have told me i was insane in 1500.
Crazy events like this can happen in history , thinking that existing momentum is enough to not change anything is just hoping for the best.

>argentina was never an autarky even at its height it was severly lacking in high tech production for its time, having beef wheat and iron ore does not an autarky make

Producing, ships, jets, cars, trains by 1950 was autarky and it ended in hyperinflation.

>exactly an edollar would have the same effect

the usa can't implement this due to the collapse in external demand for it's currency.
The eu & china can

>social mobility would end but the nation would survive

That's demanding for a revolution..