/biz/ - Business & Finance

>>25656195
currency is just as illogical anon
hell the whole financial system is absolutely bonkers i legit dont udnerstand how someone even came up with such bullshit

>>25656517
even gold as a currency doesn't make sense

>>25656517
thanks jews

>>25656195
Buy XHV thank me later when you finally get a hard pp

>>25656517
>a real economy, people forced to pay taxes in said currency, people forced to follow orders by police and army paid in said currency

Yeah exactly the same.

>>25656686
I am not defending crypto but the rest of the financial market does not make sense either bro.

>>25656551
Alchemists of lore turned lead into gold....or so they say. Anyway DOGE is your god now. Beats having a dead white man on your money.

It's handy for payments when working remotely I suppose, lower exchange fees and waiting times etc. Not that great for buying stuff because it moves around so much

>>25656195
>the common man doesn't know anything about this market at all
he wont have to and still use it daily without even knowing it.
>nobody actually uses cryptos for anything and never will
are you retarded? https://defipulse.com/

>>25656551
Actually it made a lot more sense than what we have in fiat now. Now we have an insane derivatives market and a loopy rollercoaster of people indebted to each other. 95% of money doesn't even actually exist, except digitally.

With a blockchain, each coin is backed 1=1 with something.

>>25656517
this, our current system may as well be paying with rotting turnips and banks allowed to just say they have 10 times more turnips than they do. But these turnips can also be printed on demand.

>>25656517
currency fulfils the role of allowing more specialized jobs. For instance, I would have little luck trading brain surgery for food. But the bigger thing is that money has become a system of societal control. Money truely is the root of all evil.

Guys I can't get over the fact you need to use crypto markets to buy and sell cryptos.
Some Latvian crypto market that will sell your phone number and ID is a LOT less dependable than our governments and banks.

imagine giving a private company the freedom to print unlimited currency

and then you trade your life for their paper

hahahaha that would be really weird wouldn't it ??

>>25657528
The system is obviously gonna crash sooner or later but what will substitue it i wonder.
Also, what the effects will be on modern world, will all countries descent into 3rd world shitholes?

>>25656195
Shut up retard I bet you said the same thing in 2017

>>25657629
>believes in cryptos and calls others retards

In thin air we trust.

>>25657629
Yeah I actually did say the same thing in 2017, the joke is that nothing has changed.
I still can't buy my daily coffee with BTC and officials in my country don't recognize it as a currency.
The same guys are buying and selling it, just at a higher price.

I bet your arguments are the same too. "You're retarded " or the like.

>>25657861
you use it to buy drugs and make gainz

>>25657592

NEETs will be benevolent kings and usher in a new golden age of civilization

>>25656195
have fun staying poor nocoiner lmao

>>25656517
Used to be based on gold, then ruler in China came up with the idea to make everyone cash in their gold for fiat currency, thus enriching the ruler while making everyone else use currency with imaginary value.

>>25656195
>>nobody actually uses cryptos for anything and never will

>>25657861
To be fair, you are retarded. Were you just not able to see this coming? Or were you just like “Eh i hate money, dont wanna make any”

>>25656195
Fucking trillions and you still don’t believe in it
The only mumbo jumbo is in your head, oropocket has like the simplest white paper ever and if u can’t understand fucking English
Then stay poor

>>25656686
anon this isn't 1980. finance largely bets on finance itself, uncorrelated from the real economy. 2020 should have been a big wakeup call even if you're not interested in the topic, what with stonks pumping the whole time just as the real economy is shutting down

>>25656195
Crypto literally turned people into millionaires in 2017 and u still skeptical
Hahahhhaaha
When xdb makes us millionaires next, then I wanna see you laugh at us

>>25656958
Hello stupid, ORO backs every transaction by gold, crypto does have utility. You can literally buy fucking gold and silver in just one click and there’s no price spillage
Wake up brother

>>25656924
you'll always be a man

>>25657592
I live in a third world country and I can assure you that our country is no shithole you jackass.
We have everything you first world countries have and we are happy people, and we fucking smart bcos we have adopted the crypto Industry and we know that alts like xdb and Ramp and ether are gonna thrive in the coming months

>>25657948
Hahahah just tell him, I hold gold through ORO but this guy still holds usd through paper
Some retards just love to live in the past

>>25656195
My boomer colleagues asked me on this fucking day for financial advice on how bitcoin can be bought. The top is in guys. Dump your bags on these retards in 3 2 1

>>25658195
Yeah we just use crypto to make a thousand plus dollars a day
I mean xdb is gonna pump cause of zytara and then I’m gonna make a fuck load more
I know, how stupid of me, I use crypto to make a living from my couch

Hahahah I’m so stupid