/biz/ - Business & Finance

>>24253862
>14k eth mined per day.

At 17.6k usd 246 million usd should enter the market per day to keep the ethereum price at 17.6k usd

>Bitcoin 900 coins mined per day

To maintain a price of 17.6k 15.8 million usd need to enter per day.

>Average transaction value in usd

Bitcoin 190k
Ethereum 1k

https://bitinfocharts.com/comparison/transactionvalue-btc-eth.html

>Median transaction value in usd

Bitcoin 695
Ethereum 0.000x

https://bitinfocharts.com/comparison/mediantransactionvalue-btc-eth.html

>Active Addresses per day

Bitcoin 730k
Ethereum 546k

https://bitinfocharts.com/comparison/activeaddresses-btc-eth.html

Ethereum time for greatness is coming tough but don't be deluded , bitcoin domination is here to stay unless ethereum reduces inflation or until pos arrives before 2022.

>>24253862
Hello pajeet, please learn to speak english.

>>24253954
The point of my post is to tell people to stop thinking about the price and open their eyes to the underlying network itself.
The Bitcoin network is not sustainable in the mid-long term. Ethereum it is. Prices and volume will adjust themself with time. Who understand this will be well rewarded, others will pay for this reward

>>24253990
How many languages do you know burger?

>>24253862
Everyone above 120iq understand that btc is nowadays worthless and use it only to make short term gains on brainlets who actually "believe" the digital gold etc memes and hodl the coin no matter what. The proper way to use btc is to ride short term hype train and sell it to brainlets to acquire other assets such as gold or stocks and leave brainlets with the 20k btc bags. What I don't get is why try to spoonfeed the brainlets? Just let them lose their money for being retarded lmao

>>24254271
every ETH holder has economic reasons to do so

>>24253862
This board is obsessed with being wrong about Bitcoin. That's what happens when you are paranoid schizophrenic I guess.

>>24253862
Institutions have taken the store of value meme and they will push it on the normies which is what is driving the price up. Basically a scam. But hey, numbers go up. Either that or CZ and Xi have pumped it and are about to epically exit scam on all of us to crash crypto black swan style because they want to push the digital yuan.

>>24254271
oogabooga
and why do you think other crypto can have a bigger network than bitcoin?
ah yes they can't
the day you'll understand that the value of bitcoin is equal to its network it'll be too late for you

>>24254399
/thread

op is a retard

>>24253862
eth is even worse than btc kek
at least with lightning you can actually use btc for purchases

>>24254450
Ah yes the I am going to transact with my decentralized currency through centralized second layer solutions. The classic high iq take.

>>24254399
checked and kekked, correct sir.

>>24253862

Bitcoin is a tool to store and move wealth
Only top 50 Million people have enough wealth and knowledge to use bitcoin
Bitcoin can do 500K transactions per day
That means each of the top 50M users can do one transaction per 100 days. This seems to be a little strained, but still reasonable. People do not move large quantities of wealth, much less gold often.

>>24254414
This is the truth. Btc is shilled extreme hard and especially the store of value meme. The rugpull will be historic and once again the rich get richer.

>>24254079
Another flippening retard back from 2017.
You don't under how hard building consensus is yet, but you will

>>24254450
>at least with lightning you can actually use btc for purchases

>>24254079
You have perfected cringe. Perfect image with it

>>24253862
if you really truly hate money and want to be poor forever then listen to OP

>>24254509
well you have a decentralized trustless exit so it's not like they can abuse any imagined power you put in their hand.
also the main problem of the lightning network is it's not nearly centralized enough in structure. this will be solved by exchanges adopting it and becoming natural central hubs with the largest liquidity pools that dwarf all others.

>>24253862
Ok Buumer

>>24254414
PayPal and co. (the institution's meme) is another nail in the coffin of Bitcoin. Their are stealing fees from the network. This is an irreversible trend that will cause the collapse of the network

>>24254399
>>24254430
>>24254449
>>24254515
>>24254562
>>24254578

>No arguments
>Fear of the strongest

Anons, I'm not here to hurt you but for spreading love and wealth. Unless you are CZ or some other jew that is fuckin BTC holders straight in the ass, you can swap you're mind and enjoy the ride with us.

>>24254681
Paypal bans people for wrongthink.
BTC is incapable of banning anybody, ever. It's also basically uncrackable because it's lasted this long without a major breach of bitcoin itself.

As for expected future price, too many rich and powerful people have invested too much money into bitcoin for it to ever limit to zero as t goes to infinity. It has a limited supply, shrinking all the time as private keys get lost, and there will always be someone who needs to get out of fiat and into something safe and free as in freedom. Simple math ensures that that the price of bitcoin will just rise forever, albeit with some dips along the way. The ONLY thing that would drive BTC price to zero is someone cracking bitcoin itself and allow uncontrolled manipulation of the ledger. That may happen someday, but until then there are no problems.

Miners earn fees from transactions, so they are incentivised to continue operating you smooth brained faggot

>>24254963
>The finite supply fallacy
Just because there is a finite supply of something does not quarantee any value to the "asset". There is no other demand for btc than speculation since unlike government fiat it is not used in loans or demanded in taxes. If there is no utility there is simply no value. In btc the only utility at the moment is transferring large amounts of money outside of the banking system. In my opinion this property is not worth 500 billion in market cap.

>>24254963
BTC's main use is to be held and not transacted (the gold narrative says so and i agree).
This is not aligned with the miners interest. Miners need to process transactions pay the bills. What is going on is a bubble that will last until there is a block reward, after that (or until people will realize this) Bitcoin will crash hard. Smart people like Vitalik realized this long ago, this is the reason why Ethereum monetary policy is minimum necessary issuance. If Bitcoin would have had a good design for long term, Ethereum would have simply copied his monetary policy

>>24255198
the big and growing network morron

>>24255042
Fees are descending anon. In some years the block reward will not be enough to pay the bills and the miners will turn off. Every time you hear that some institution is onboarding Bitcoin this mean that they are starting to lowering the ROI on mining

>>24255228
What growing network? The btc network has been dying based on total transaction volume since 2017

>>24254799
A mass replier talking about "no arguments"
You'll understand why Bitcoin is king when you're a little bit older, son

>>24255198
>There is no other demand for btc than speculation
Wrong, it was used extensively by drug merchants to avoid the banking system (which is the purpose of bitcoin) and is now being used by many to transfer money internationally, again avoiding the international banking system which charges ludicrous fees and takes an inordinate amount of time. There will always be demand for BTC to avoid the fiat banking system.
>In btc the only utility at the moment is transferring large amounts of money outside of the banking system.
Okay, you clearly just haven't thought things through to their logical conclusion yet. Bitcoin will ALWAYS have that utility. There will ALWAYS be someone who wants to do financial transactions outside the government controlled banking system. THEREFORE there will always be a demand for bitcoin. And because there will always be a demand and there is a limited amount of total bitcoin, the price will always rise in the long term, which is exactly what has been seen since day one.

>>24255203
Mining rewards are tuned to the number of miners. As the number of miners decreases, mining rewards will increase. When block rewards end, this will entirely be covered by transaction fees which will rise and fall depending on how many miners there are confirming transactions. Declining mining profitability is a non-issue for bitcoin users. It only matters to miners, and it REALLY only matters to miners that are mining using equipment they took out loans to buy. Saying that bitcoin will fail because miners will go bust is like saying people will stop using oil because the price is too low for oil producing companies to pay off their loans. That's simply not how it works.

>>24255314
If you actually think Miners will abandon Bitcoin because they fees don't generate revenue I've got bad news for you, especially if that's the entire basis for your bet

>>24255387
Might want to check those charts again

>>24255619
If Bitcoin is Panama 2.0 Ethereum is Panama 3.0. Smart contracts have to offer way more than Bitcoin and centralized exchange to people who want to go bankless.

Less reward > Less miners > Less security > 51% will happen

>>24255387
transactions count follows the bitcoin price and it just keeps growing, what matters is the amount of users in the network, the amount of active addresses give an idea of that amount, keeps growing too, seems to be linear progression
you could argue that blockchain.com data is representative of the global data

even ethereum which has erc20 tokens have a smallest network based on addresses use, also eth is becoming bloatware:the crypto

>>24254271
Problem is that 80% of people have an IQ below 120 and will buy Bitcoin. So you can feel smart all you want by buying something normies won't buy, money still goes into Bitcoin

>>24254271
>the absolute state of this hot take

>>24254271

Boomer detected

>>24257689
>Good night FAANG id

>>24257866
Sounds like an anime attack move

Retail can't give you a golden bull. You need institutions for that. Institutions have started buying Bitcoin. Many of them will never disclose this for obvious reasons. There was an interview with a Fidelity manager who said that institutional interest in ETH is negligible. Could this change? Sure.

As of now ETH's problem is not its own. It's being held back by the massive amount of unprofitable and useless *projects* that exist on it. There are very few if any *products*. It will take years for ETH to earn its giant market cap. And it may never, this is why it's a speculative play. ETH2.0 is a nothingburger - it doesn't change the fact that everything on ETH won't change. Institutions cannot and will not engage in crypto speculation, you cannot fuck around with peoples money in that way. Bitcoin is better in almost every conceivable way as a prudent long term investment because it has a clear use case. It will eat gold, for asset allocators, that 33x(+++) asymmetric upside is more than enough.

People that already have money (smart money) invest in Bitcoin, more risk tolerant people invest in ETH and other large altcoins. People that have no money invest in shitcoins. I have very high hopes for ETH, but be careful to think things through honestly.

>>24255965
Holy shit that is a brainlet take. The game theory of 51% attacking an ASIC dominated blockchain, congratulations on bricking your billions of dollars worth of mining equipment to falsify tx's on a now worthless coin and have fun selling your now useless miners.

>>24258528
eth is great to act as a draft and experiment as well as pump and dump

btc has no long term value it doesn't really offer anything that can't be copied so some other version of faggot internet bucks will come along and eat it up. the price will pump because bankers are hiding money in it right now waiting to dump and go back to their stock market

>>24260108
By that logic, something else will come along and eat that up. Also, I advise you to look into PoW. It's like inventing fire.

>>24260108
>it doesn't really offer anything that can't be copied

No coin offers anything that can't be copied by Bitcoin

>>24255965
>this what an etherum classic bag holder looks like

>>24260227
uh yeah that's how life works. Bitcoin doesn't have proprietary properties. It's number one source of value is name recognition. It will have to be adopted by major institutions to be worth 100k which I think goes against it's original idea. All a government has to do is ban bitcoin and offer their own coin and 90% of people will use that instead.

Better luck next time gay nerds

>>24257748

Gold on the Blockchain is superior to BTC

Look into Kinesis https://www.youtube.com/watch?v=5Q9aYYluRA0&ab_channel=KinesisMoney

>>24260308
bitcoin is not energy efficient

>>24260227
Also this. This is what Altcoiners don't realize. If Bitcoin ever gets replaced by something else, what prevents that something to get replaced by ANOTHER thing? People with money want stability. If Bitcoin dies the entire cryptomarket dies. Bitcoin NEEDS to be the default store of value for crypto to flourish. If this were not the case Eth would be dumping if Bitcoin dumps, but that never happens. Eth will always and forever follow Bitcoin pumps. You guys really think the recent Altcoin pumps is completely independent of Bitcoin and just happens to coincide with Bitcoin's halvening cycle?
It all stands and falls with Bitcoin. If you kill Bitcoin, you kill all shitcoins.

>>24260363
>All a government has to do is ban bitcoin and offer their own coin and 90% of people will use that instead.

Venezuela tried that with a government and oil backed government crypto to get Bitcoin out. Didn't work.

>>24253862
This is based and redpilled.
>t. All in LINK

>>24260411
And that's a good thing. Energy is the thing you can't fake. Energy takes real investment. You can't cheat yourself into Bitcoin. You can't manipulate Bitcoin. Proof of Work is showing every single day what robust system it is as a consensus mechanism

>>24260411
it is giga retard, learn about pow instead of doing ooga booga on your monkey tree

>>24260422

>It all stands and falls with Bitcoin. If you kill Bitcoin, you kill all shitcoins.

This is why you hold gold, silver, and mining stocks. Allocated gold and silver on the Blockchain (Kinesis) if you still believe in Blockchain technology and in banking the unbanked.

>>24260422
I'm not advocating for the current alt coins I think governments will just move their currency to the blockchain and cut out bitcoin. But bitcoin dominance is not healthy overall it proves it's not a stable market to investors.

>>24260459
venezuela is your example?

>>24260388
faggot, gold is physical

>>24260108
>another retard that doesn't understand how POW functions

>>24260363
I understand that. But you've created your own little paradox. So if something comes along that's better than another thing in every way - do you not take it because something will eventually beat that thing?

As for proprietary properties. You simply don't understand the significance of PoW. You can argue that Bitcoin isn't tangible - that's all you can say though. I can start to get into this if you'd like, just let me know.

>>24253862
It actually is gold, retard. Because millenials have chosen it as their store of value, which is generally the only real value of gold in modern society. We use trace amounts of gold in electronics but not nearly enough to warrant the value it has.

>>24260584
This is too good to be true in terms of cope. Goldbugs are now trying to shill holding a digital representation of gold? You realize that there is a third party involved here right? You do realize the irony?

>>24260631
bitcoin will never be gold. Gold and silver is the last stand against the technocrat rule.

>>24260627
get into it.

>>24260614
Other coins would have 0 value right now if bitcoin covered all the bases. Crypto in the end will be a combination of all these little gay internet bucks and the US government will take them all and put them into a little package that everyone is "comfortable" with. enjoy making your money now

>>24260591
Yes of course Venezuela is my example it's only country that tried it. Noone will return to a system that has proven to be broken and failed their people. And all the "intrinsic value backing" with oil (or gold what you see to believe in) won't work. Nobody will leave a system that has saved them from a governments arbritrariness. Noone who ever held Bitcoin and witnessed the collapse of their Fiat currency will switch into another system that relies trusting institutions

>>24260732
No they don't. Goldbugs believe in gold's value. They don't see the value of a system that is works without third parties and don't understand it and think that only an asset based crypto works and think people will leave a working trust less system to go back into a system of institutional trust. It's the exact same think the venezuelan government believed would happen when they created their oil backed petro.

bitcoin has scaling issues but they are working on fixing it. it's not like they are gonna let the project die after everyone is starting to get invested in it. actually it's the opposite.
ethereum has scaling issues too and we see it moving to pos (proof of stake or piece of shit??) model now to try and salvage the project. will it work? who knows they say it will take like 2 years to get it all sorted out. ethereum could be dead by then since there are plenty of other smart contract blockchains out there that are working already without scaling issues. all the things built on ethereum already are mostly scams anyways so its not like it has real staying power yet. gas prices could kill ethereum before it has a chance to adapt

>>24260851
I think we are going to a completely electronic system that will initially be gold backed but then be switched off when it can't (((scale))) and all the cool stuff about crpytos will be rolled into 1 controllable asset by the powers that be.

I then think gold and silver will be the people's money to still do what they want outside of the all seeing internet eyes

nope
it's still XRP
don't @ me

>>24260108
>btc has no long term value it doesn't really offer anything that can't be copied so some other version of faggot internet bucks will come along and eat it up
Network effects, son. Too many rich people and institutions have already settled on bitcoin, in part because it's lasted this long without being hacked. It's here to stay. It's the same reason facebook and ebay and paypal are all dominant despite copycats.

>>24260989
There is literally no point in backing crypto with an asset. That's what you don't understand. You don't need someone to hold a gold bar to trust them that they have money. You can see it on the blockchain. It's the entire fucking point.

>>24261092
his IQ prevents him to understand the basics

>>24253862
Its amazing how these threads always magically crop up when bitcoin pumps and the dxy drops. Kek

Reminder newfags there is no work around for proof of work Without getting the same exact usury that already exists within the legacy financial system.

I like precious metals and hold some too but the legacy system has a much tighter grip on it and if any of you goldbugs suggest a gold backed crypto you are just as retarded as the idiots buying shitcoins.

Know and understand 3rd party risk
Know and understand POW
Know and understand that all of the current financial system is at some level manipulated and controlled to prevent real wealth from being produced.

Any challenge by producing real wealth will be met by those trying to jew them away from their hard earned wealth.

FUCK FIAT C U C K S
FUCK CENTRAL BANKS
FUCK THE FEDERAL RESERVE
FUCK THE IMF
FUCK THE DAVOS INSTITUTE
FUCK THE WORLD ECONOMIC FORUM
AND FUCK JANNIES.

>>24260784
Bitcoin didn't succeed because of an enigmatic founder, a sly marketing campaign or any major entities or institutional backing. It worked because of PoW. There were many digital currencies that came long before Bitcoin, they didn't work because of code. The value of Bitcoin exists in its profound code that allows it to exist. It doesn't care what you think about it, it exists with or without you because of code. Trustlessness has never been solved before in human history. I can't emphasize how important this is. All of currency and fiat is built on centralization and therefore trust. In the US your fiat is currently being inflated away at 15% conservatively. In every other country this problem is much worse. In some countries, millions are dying and will die because of this. They're stealing your money, and it's an elegant crime because you can't see it. Taxation isn't theft - at least it is an attempt at public goods, inflation is theft.

>"Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive. It lives because it performs a useful service that people will pay it to perform. It lives because anyone, anywhere, can run a copy of its code. It lives because all the running copies are constantly talking to each other. It lives because if any one copy is corrupted it is discarded, quickly and without any fuss or muss. It lives because it is radically transparent: anyone can see its code and see exactly what it does.“

>>24261074
they stay because they are spying data mining companies that were invented by the us military which is exactly what bitcoins purpose is. Not because they are good ideas or produce anything good.

>>24261092
the global currency will have to be backed by something that is agreed upon. Gold is the easiest one to start with

>>24260784
You still don't understand why the age of the chain of BTC is part of its value.
>US government will take them all and put them into a little package that everyone is "comfortable" with.
You don't even understand why blockchain as a technology is important. The US government has no use for the blockchain, we already have a centralized banking system. Also there can never be an all encompassing blockchain-based system that covers "all bases" as there are simple physical and technical limitations on distributed systems that make such a system impossible (CAP theorem).
But from your diction I'd guess you're just a low IQ pushover who's mad he bought shiny rocks he has to store at a bank instead of the future of money.

>>24261156
how can something have so much trust when you don't know who the top 10 holders are? What if they decided to dump? It's stupid and gay anon just accept it.

I have 17k saved up from being a good wagey with zero debt. Should I invest in btc now or is this going to be another 2018 where it peaks around 20k and crashes back to 7k?

>>24260507
Based link-bro, we will rule the world together

>>24261312
There will be a correction, but it won't go below $10k this time.

>>24261208
>the global currency will have to be backed by something that is agreed upon

Correct. It will be backed by the blockchain. It's already there. There is no reason to replace it with an asset that is held by a few institutions you need to trust that they actually hold the amount of gold they claim to have

>>24260999
I hate xrp but I respect the digits anon

>>24261312
Dollar cost average into assets with high volatility like BTC or PMs if you arent buying assets that produce income. See those as your new savings account.

>>24261217
I'm invested in internet money I have bitcoin. I just think for it to be worth 100k it will have to undermine it's original value and purpose

>>24254271
Ah yeah gold has been such a great performer, lol. Gtfo desperate goldcucks

>>24261286
>What if they decided to dump

Then they gave away their most valuable position in the blockchain for someone else. The reason why you can trust this is because you simply don't care who the top holders are. This was probably the most genius move of Satoshi Nakamoto in the first place. By never disclosing who he is and leaving people in the dust wether he is legit or a criminal or a scammer and just showing how proof of work creates a trustless system that doesn't care about its participants.

>>24261286
The wealth gap is something you can't get around. It exists with or without Bitcion. But Bitcoin is a chance for retail to get a leg up, for once. https://www.youtube.com/watch?v=QPKKQnijnsM&t=8s

Bitcoin is the first example we've ever seen in terms of individual investors being given the opportunity to frontrun an asset before the institutions. For example, with an IPO you're buying the equity after major backers and institutions have already bought in (this protects the price action). So, even though you're buying the stock on day #1, you're still coming after the big institutions and two steps removed from the business owners.

Investing in Bitcoin now is like being a business owner. It's like being able to invest in Google pre-IPO. Again, this has never happened before.

>>24261134
ok boomer

>>24261411
The purpose of BTC is to destroy the parasite that is the modern central-banking steered financial system. Whether it does that by being a currency, a store of value, digital gold or whatever else is secondary. The only way any government can stop BTC is by monopolizing and controlling all internet access.

>>24261579
Ok zoomer good luck. Everyone here learns eventually.

>>24261503
>>24261540

you right now don't know who are the biggest holders. It could be all bankers.

I'm sorry but you have to be extremely fucking dumb and gay to think that bitcoin is some organic insurgency for the people! It's the most traceable controllable asset ever invented and it's funneling people into the new world. Have fun not being able to access your coins unless you suck off tranny cock like a good boy

>>24261665
i would never invested if it wasn't for BTC
fuck the kikes ponzi schemes like gold and stonks

>>24260363
>better luck next time gay nerds
Pee pee poo poo shoo shoo retard niggerfaggot

>>24261683
>access my coins
Ok retard. What are private keys for 400 Alex?

>>24261683
>reddit spacing
your opinion
it has been discarded

>>24253862
>What low IQs don't understand is that by buying BTC (the asset) you are investing in Bitcoin the network.
>BTC is not gold and never will. Every time you see a meme or read this shit is from someone who is waiting to dump on you or a fool like Michael Saylor.
>Unlike gold, BTC has no value without his underlying network. "BTC is gold" is just the current narrative and just a slogan for brain deads. If you are in crypto from at least 2012,
>you know that BTC shifts the narrative many times. If so, what is the reality of Bitcoin? Now consider this:
>> Very Very slow transactions that occur at best every 10 min
>> No EVM (smart contracts platform)
>> Flawed monetary policy that will leave the miners without profits in a few years from now
>> Finance 1.0 is going to offer services around BTC taking fees from Bitcoin (the network).
>For example, think of the new business model of Paypal: if you will pay a merchant with BTC using PayPal, you are using the Paypal infrastructure not the Bitcoin network
>The reality is that Bitcoin will not fulfill the wet dreams of BTC holders and will not be the sovereign currency of the world because Bitcoin (the network) is not designed to do that.
>What to do then? Consider this: investing in crypto is a game of finding and processing information through your brain. If you are good, you will make money. This is a board of anons, who am I? Maybe a pajeet? Who knows. Now it is up to you to make a decision.
>I'm in 100% on ETH. Holding a little percentage of BTC is not a free decision but has a cost. A year ago you could have bought 65 Ether with a Bitcoin. Today only 32. The flippening is already happening
>and if you want to maximize your ROI you have to change your mind on BTC. The earlier you do so, the more you are remunerated.

>>24261683
>you right now don't know who are the biggest holders. It could be all bankers

Even the biggest wallet in existence only holds ~150k Bitcoin. New Bitcoin are only generated through mining and 5 million Bitcoin are still there left to be mined. The mining process and distribution via mining is what ensures it's decentralization. Even if Satoshi Nakamoto himself own a fuck ton of Bitcoin and decide to use them and if all early adopters were bankers instead of nerds that just viewed it as funny money to buy drugs with, they still wouldn't have the majority of all Bitcoin even if they all worked together. Bankers and institutions can get Bitcoin yes, but they have to get them through the same means as everyone else. They are also just mere participants in the blockchain and their value will be determined by how much Bitcoin they can acquire by legal means, just like everyone else. They are also just a number in the system and will have to play by the same rules as everyone else. Bitcoin is the great equalizer in the game of finance. Again, that's the entire point

>>24261731
Fixed

>>24261816
wouldnt even know what reddit spacing was unless you reddit faggots came here and talked about it

>>24261731
the curse of the midwit

>>24261683
The bankers already have money. Yes, it could be all the bankers. Because of the grassroots way in which Bitcoin grew up, along with the exceedingly libertarian nature of the space and mindset of early investors (ideologically the polar opposite to bankers), this possibility is very unlikely. I imagine the largest holders are libertarians and technophiles who believe in Bitcoin and have no further reason to "dump", and large net worth private investors. In other words mostly a very intelligent and sophisticated holding distribution.

Furthermore, this doesn't change the code. There's nothing "the bankers" can do. If they all held the overwhelming majority all they could do would be to sell now, drive the price down and further delay the inevitable drive back up.

>>24261924
>he noticed

Ehehe

>>24261924
cope
i never used reddit
but i know what cancer is when i see it

>>24261910
cash is the great equalizer.

>>24261954
sounds like a hopeful religion

>>24262067 I quite literally have never been to reddit i'm sure my viewpoints would not be shared there I'm a racist trump supporter

>>24262127
>trump supporter
>not reddit
k

>>24254079
That meme is used wrong you retard.

>>24262127
>cash is the great equalizer

No it's not. It's the precise opposite. Cash. Is the reason why rich are getting richer without adding value to society. Cash is the reason why poor people get poorer and sneakingly disowned via inflation. Cash is controlled by centralized institutions that can and will fuck people over when it has to save a certain amount of people or certain aspects of the economy and control where the wealth of an economy goes unnaturally and not following economic processes. The blockchain cancels all that. All transaction on the blockchain are real. All value in the blockchain is real. The blockchain is the only thing you can trust to be true. And you severely underestimate what this means or rather you completely fail to understand what this means

>>24253862
I just did a bitcoin transaction and it didn’t take long at all, no longer than a bank transfer

>>24262317
This. OP has a lot to learn, which is frustrating, but at least he's trying. The wealth gap exists SPECIFICALLY because of cash. It's literally the great DE-EQUALIZER. And it's a misquote anyways, it's "Money is the great equalizer."

I feel like a kindergarten teacher.

>>24262127
>unironically supporting a (((politician))) in a (((2 party system))) in <current year>
I can tell from your posts that you are supremely confident in your ignorance too. I'm glad arrogant brainlets like you exist for anons here to take money from. NGMI

>>24261920
This. The low iq loyal, believer anons and the high IQ 4s chess anons make it, those in the 110~ range are the scourge to society cause they’ve been told all their life they’re particularly clever.

>>24253954
That math is bogus, ETH has a 10x larger supply than Bitcoin, so it will be worth less per unit even after a second flippenning

>>24253862
I'm mostly in Bitcoin, but my second highest stake is in Monero since you can use it as an actual currency. I should definetly buy more ETH though

>>24254271
Shh don't tell them..

>>24262572
not a registered voter guaranteed 10000x more redpilled than you. Just like Trump the man.

>>24262317
cash is great for truly doing what you want it's still king that's why they are trying to get us out.

>>24262769
>Trump
>redpilled
lol
anon is absolutely right about you, stupid boomer

>>24262634
You're welcome anon. Take in mind the $ETH is not only a currency like Bitcoin but an asset that represent ownership of Ethereum - the platform where is going to be build the new internet of value

>>24253862
>BTC has no value without his underlying network.

UMMM btc is a lady!!

>>24263024
IT'S MA'AM

What really is going on here is brainlet cope, trying to convince himself that not buying after the corona dip was the logical choice.
For those who understand bitcoin it was a fire sale.
Now watch us hit 100k despite all this midwit rationalization.

BITCOIN IS KING AND WILL REMAIN KING YOU SHITCOIN NIGGERS

https://lnmarkets.com/