/biz/ - Business & Finance

>>26512569
Fuck off.

>>26512569
reddit hands typed this post

I never read a whitepaper in my life and this nigga expects me to read some analsys he made up.
Kek, get a load of this guy, /biz/.

bears need to rope

>>26512599
>>26512615
>>26512642
>>26512644
Get out of Bitcoin now if you don't want to lose everything

>>26512569
>biz can't read
sorry

You had 12 years

>>26512729
Begone retard

>>26512569
Buy signal

>>26512883
Don't cry if you all lose your money on monopoly money and I become rich because I profit off the crash

>>26513127
haha faggot

>>26512729
Kys faggot

Ok, Matt

Bitcoin crash is inevitable. It literally does a -85% every year. No, this time is not different. No, "muh institutions" won't hodl when the price drops to 19k. Smart money will jump ship and cash out until price stabilizes and begins trending upwards again. As always.

>>26512642
based, same. Made over 70k without reading a single white paper or a roadmap. Fuck OP and his bullshit, we getting rich

>>26512569
>ecological scourge
Stopped reading

>>26512569
you sold at bottom?

>>26512569
Bitcoin is uninronically much more and much bigger than all these narratives. Satoshi, Friedman, Hayek, none could truly envision what truly hard money will do to humanity

>>26512569
just buy link and aave. you're welcome.

>>26513733
You literally can't cash out. It's imaginary money

>>26514353
OK, now I realize you OP are either a troll or a moron.

>>26512729
Fuck you guy, I don't want to lose my bitcoin either.
What fucking cryptoboomer would have a majority of their assets in BTC. 1/4 max.

>>26512569
Hey anon, grear article. Bumping your thread in appreciation. I'll also give you a hint, there's a bear token on ftx trading at 1 cent that will go to at least $1 in february. Consider picking up a stack.

https://ftx.com/trade/BEAR/USD

>>26514353
Stay poor friend

don't short btc, because bitmex`icans will liquidate both longs and shorts
short MSTR instead

I personally don't even hold any BTC at the moment and I'm not giga-bullish on it like most are but this article is fucking dumb.

I just want to point out the main dumb thing which is either trolling or Schiiff levels of ignorance.

> Cheap Payment Network: Nonsense, since BTC transactions are currently >$10 and this worsens the more people use it.

This debate was put to bed during the hard fork wars of 2017. The original BTC network decided to optimize for slow and secure - something closer to the digital gold narrative. This is why Bitcoin Cash exists. Why do retards like yourself still insist on pushing this debate? It was finished 3 years ago. Sure scream all you want about the merits of BTC as digital gold, thats an interesting debate. The cash debate is just retard bait, like most of the content of your article.

>>26512569
>>26512729
https://www.youtube.com/watch?v=-hlN2nel5HI
https://www.youtube.com/watch?v=ePdwAX4uUW0
Part 3 coming soon ;)

Sorry just continued to the next paragraph. Why am I doing this to myself?

No surprise that you bastardised the SoV debate.

Volatiity iis an intra-day phenomenon.
Volatility is not the only factor which contributes to an asset possessing SoV qualiities.
Consider the phenomenon of high net worth individuals ownng assets across different jurisdictions. Why? Because all it takes is 1 subpoena to freeze a billion dollars worth of assets. With that in mind do I need to frame SoV in these terms as a selling point for any billionaires coming in this cycle?
Further to this lets just consider 2 of the top SoVs. We have Gold with an annual inflation rate of 2% - can you do the maths on how those values store over a 25 year period?
Then we have real estate. Can you please do the math on how much value I store on a $50m real estate portfolio after paying 2% real estate taxes for 25 years?

How exactly do you think a new monetary system is bootstrapped without volatility?
Volatility is a feature of the system in its early stages. This is the incentive mechanism working. How do you idiots not see that? It's literally a network built from 0.

MicroStrategy superbullish conference soon as well. Just like conference in Big'Short movie.
>https://www.trustnodes.com/2021/01/23/thousands-of-executives-to-attend-microstrategy-bitcoin-conference

>>26512569
>>26512729
Post your shorts or fuck off

>>26512569
No. Faggot

>>26516461
https://www.youtube.com/watch?v=NCx5Ph7EAxg

ETH is reaching new ATHs every weeks, meanwhile BTC is slowly going down.
Have you swapped your assets already?

The only legitimate point you make in your entire article is the ecological concerns which I wholeheartedly agree with.

However do you even realise the amount of $$$ that is spent maintaining national currency systems? Multiplied by every sovreign nation on earth. I don't know the maths off the top of my head but it seems realistic to assume human ingenuity can bring down those carbon emissions.

>>26512569
>This post is to explain my position on bitcoin and hopefully expedite the disappearance of the ecological scourge that is blockchain tech.
stopped reading there

Turns out op is a moderator of /r/economics

Basically just a boring conservative shill.

Unfortunately conservatives don't have any contingent readings of economic history or any notion of political economy so just have to moan like fucking bitches all the time.

Back to plebbiit Matt.

>>26516895
>Turns out op is a moderator of /r/economics
How exactly did you find that out?

>>26516991
Follow the breadcrumbs. Link to his github in that article. Go into one of the repos you'll find his name. Google him you'll see his twitter account where he proudly presents his moderation badges.

Quite shocked that this guy is a tech minded guy but gets sucked into the gold bug boomer arguments. You'd think he'd understand the inherently different features of networks.

>>26512569

Kys

>>26512569
Cool story bro

>>26512569
>Read dis
I didn't. I will make a point; Microstrategy can never go to zero. it still makes bank on software sales.
I'd like to finish my post with saying, you are a tard and should probably lose all of your money.
Here's some booba for you bobo.

>>26512569
> Disclaimer: This FUD
lol

>we early boys

>>26512569
No thank you. You can keep your shitty fiat money. I hope you die from old age soon, stupid boomer.

sell signal
check MSTR short interest ratio

>>26518548
>check MSTR short interest ratio
I bet you shorted GME at $4 too based on short interest ratio

>>26518696
>You can keep your shitty fiat money
Do you want to become a millionaire in fiat money?

OP has agreed to offer me yet another one his sisters' asshole as collateral for when the day of castor oil comes this week.

>>26512599
>>26512615
>>26512642
>>26512644
>>26512815
>>26512844
>>26512883
>>26512905
>>26513178
>>26513470
>>26513509
>>26513733
>>26513862
>>26513926
>>26513950
>>26514633
>>26516066
>>26516349
>>26516429
>>26516539
>>26516580
>>26516736
>>26516880
>>26516895
>>26516991
>>26518201
>>26518548
>>26518897
Jesus Christ you guys are all delusional. There's nothing FUD about anything the OP presented. It's undebatable fact.

>>26519383
Yes, we're the delusional ones. Why don't (you) go somewhere else. You don't seem to understand this place.

>>26519759
>still can't refute a single argument in the OP
God help you

>>26519843
You had 12 years.

>>26519383
anon is too emotional

>>26519843
I refuted all the bait, boomer luddite ones. Please scroll up and respond to them faggot.

>>26512569
thanks just bought more

https://www.youtube.com/watch?v=0BZoKH-hX_o

>>26512569
>"Reminder: BTC is an ecological scourge

The current cost to mine a BTC is around $8000 in electricity. This electricity mostly comes from subsidized coal in China.

And given the current amount of BTC generated each day, we’re using about equivalent to the electricity from all of Belgium, largely in coal, to keep this going.

I don’t mind wasting time on intellectual curiosities, but destroying our planet for glorified gambling is not something I’m happy about. I want cryptocurrencies to go away entirely on this basis, philosophically."
Imagine typing this cringe

>>26519843
OP's arguments are retarded and not worth discussing. MS will not drop to zero for obvious reasons. Please go shill somewhere else. You stink of banker piss or you're of low iq stock.

>>26512569
this chart is why I fucking hate bitcoin maximalists, every couple years its some new faggot ass narrative

>>26519383
Your sister's asshole is now mine as well.

>Reminder: BTC is an ecological scourge

>The current cost to mine a BTC is around $8000 in electricity. This electricity mostly comes from subsidized coal in China.

>And given the current amount of BTC generated each day, we’re using about equivalent to the electricity from all of Belgium, largely in coal, to keep this going.

>I don’t mind wasting time on intellectual curiosities, but destroying our planet for glorified gambling is not something I’m happy about. I want cryptocurrencies to go away entirely on this basis, philosophically.
Repost. Imagine typing this cringe

OP is right about Tether, and the crash that will result from it.
OP is delusional in thinking that crypto is going anywhere.

>>26512569
You are a lost whiteknight ma boi.

>>26516066
>>26516349
>>26516429
>It's supposed to be volatile! When we say Store of Value we don't mean that it's supposed to hold its value!

Thanks for the comedy gold

>>26519383
I'm two sentences in and there's already tether fud
fuck off

>>26520226
Fucking based.

>>26513127

Do you honestly believe this will happen?

OP presented some premium FUD. I agree with a fair amount of the points they made however the problem with posting this here is that 50% of biz is underage, 40% of biz doesn't have the IQ to understand how economics works and are basically gambling. The other 10% of biz, such as myself, know better, but we read biz for the luls and barely contribute besides dropping our bags on the 90% that I listed.

This article wont be read, mostly because biz is in peak euphoria / can't understand it anyway. Everyone thinks they are a genius while they are winning. You are better off reposting this when the market inevitably tanks,because it will. There are bound to be plenty of NEVER SELLING HOLDRS on this board posting wojaks.

>>26517121
>You'd think he'd understand the inherently different features of networks.
redditors are midwits, they understand just enough to repeat it
this is easy to notice

>>26520784
This is superficial disingenuity.

I gave you 2 points to respond to regarding the SoV properties of Gold and Real estate. You didn't even have the intellectual decency to aknowledge them? Whats the point in trying with you if you're going to pick and choose what you aknowledge?

>>26521824
> If BTC wasn’t volatile, it wouldn’t be making BTC holders extremely wealthy along the way, and thus would have no bootstrappability mechanism.

You realise this right? Think about what the 2 innovations of BTC are. One was unbundled by Ethereum into a more general purpose feature. See the bigger picture.

>>26521824
Gold and Real Estate have real world value and use cases, Bitcoin's inherent value is 0. It's purely driven by speculation

You guys should really read this

>>26522191
1/6 of gold mined goes to industrial applications
5/6 of gold mined goes to speculators
try harder redditfag. you are just seething that you missed out.

>>26522191
Are you legitimately a fucking idiot? You started a conversation about store-of-value and then argued about use-value. I don't believe you're serious.

Gold 2% annual inflation. Show me the 25 year maths

Real estate 3% annual property tax + other mainitenance. Show me the 25 year maths.

The argument isn't that either of these ISN'T a SoV. It's to iillustrate the inflationary elements of the best SoV's we've had up until this point.

I also qualifiied my iniitial post by saying I'm not a BTC holder but I just can't stand dead horses being flogged and everythiing you've put forward is dead horse flogging.

OP links this article, which is in fact a much better article with some actual proof.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

>>26522416
It's also undeniable that BTC has unique properties that no asset has ever possessed. That is valuable, it's just that your rigid conservative conception of monetary systems doesn't allow you to see objectively. Still shocked that you're a tech guy Matt.

buy chainlink sirs, sirgey sold 500k to unesco
https://globaleducationcoalition.unesco.org/Members/Details/326

>>26522777
checked
link 1k eoy

>>26512569

>>26512569
>please don’t bet money on some idiot advice on the internet.

I took your advice OP and stopped reading right as I got to the quoted sentence.

Fuck off Matt Ranger

>>26512569
I honestly feel sorry for you

>>26512569
Die in a fire, op. No one cares about your stupid fud nonsense

>BTC is an ecological scourge!!!!!!
>posted on the world wide web 99% of which is complete garbage and is a bigger ecological scourge than crypto

>>26521432
I know you think you come off erudite and sophisticated anon, but you're not that smart. The analysis posted by OP is literally just a compilation of debunked copypasta FUD. If you actually think it holds up long term (READ: long term - not short term), you will probably not make it.

>>26512569
instead of just staying poor you are going to get even poorer due to your shorts getting liquidated.

>>26520855
>hodl boyss we early

>>26512569
Bro stop trying to fight it. I know it helps you cope for not getting in years ago but grow up.

>>26512569
>And for a person like me, who just wants to see crypto disappear forever this is very exciting.

you pathetic loser.

>>26512569
Thanks for your concern Schiff. But what I hold is none of your concern.

>>26520784
Bitcoin is seasonal. You buy during the bullrun if you want to speculate. On the other 3/4 of each cycle you buy to store value.

>>26524042
thanks for the heads up but I sold at 40k
OP is still retarded and needs to go back

>>26524187
Crypto has no use case. It's wasteful and it's pure gambling. The world can't get rid of this scam soon enough

>>26512569
tard.
MicroStrategy has massive cash flow. yeah, of course it would hurt but msg is not going to fail.

>>26524715
seethe and cope
go back to your jannie duties on your pseudoscience gatekeeping forum

>>26516736
>The only legitimate point you make in your entire article is the ecological concerns which I wholeheartedly agree with.

You shouldn't. Every aspect of modern life is going to go through an efficiency overhaul as we move toward a sustainable economic paradigm in line with a livable climate. Ultimately the ledger is the key to the value, not the protocol. So believing that the protocol will never change goes against the fundamental interests of everyone involved. When carbon is taxed at 300%, then coal will be noncompetitive. States will raise taxes on energy. When that happens, inefficient miners will drop out. Efficient miners will break in.

As for the ecological "disaster" I have some experience in this area. Electricity generation pollution is a point source, which is easy to regulate- these will be the first systems where efficiency gains will be made. Our ecological problems are 1. non-point-source pollution (think a car which drives all over the place, leaking oil, dispersing 6-PPD-Quinone and microplastics from the tyres, dripping oil, blowing CO2 and ozone everywhere) and 2. Direct ecological damage.

Our ecological problems are caused by the fact that the world is burning about 100 million barrels of oil A DAY- some is used in point sources, but the vast majority is in combustion engines, which waste over 60% of the energy you put in it. This is a single generation, one-time subsidy for joyrides. There will be a reckoning for that. Scapegoating bitcoin's trivial energy use is a Trump-tard level of intellectual masturbation.

As for the rest of his arguments, all of these ideas have come to pass without much in the way of results. It is as if he read a bear's bullet list from 2018 and simply checked them off one by one. Those line items have been refuted elsewhere.

As for microstrategy, I can't comment, I can't validate theories of stock price valuation, and neither can the experts, apparently.

if you're not a libertarian and are the type to whine about "money laundering" or people buying drugs on the internet, stay away from crypto. it isn't meant for you

>>26520349
first who cares second i guarantee fiat is much more of an "ecological scourge"

>>26512569
Nice, I will buy the dip

>>26512569
Bit if true

Been a while since I heard anything since the initial rumor of a liquid sodium solar reactor and custom chip fabrication complex being built out by Peter Thiel's people in Texas. There is probably a good reason for that secrecy. They want to leapfrog the competition. We aren't going to hear shit about efficiency improvements in bitcoin processing development for this reason.

>>26525214
Man has no control over the climate. We are near the end of an interglacial warm period.

>>26526073
Look faggot, I'm not going to argue with assholes like you. I take my information from climate and atmospheric science experts in the primary literature. Go fuck off back to /Pol/tardistan

>>26512569
>>26512729
>>26513127
>>26514353
>>26520784
>>26522191
>>26524715
sneed

>>26516461
Will all coins crash?

>>26512569
BTC short squeeze its gonna pamp

>>26524715
Matt Ranger you coward stop ignoring my responses when they provide a nuanced rejoinder to your 1 dimensional arguments.

>>26525214
Thank you for your sophisticated response. Shame that someone like Matt Ranger the Coward doesn't have the intellectual capacity to engage with these ideas. I must admit, your domain specific lexis definitely left me confused in some areas myself.

>>26523721
This. It's just recycled r/buttcoin circlejerkery of the lowest order. And yes, he posted it on r/buttcoin to collect his... checks notes... 2x silver rewards kek.

The tether fud is getting strong, bros.....

LMAO just another FUD on Bitcoin, who gives a shit about this boomercoin. I see no good critic on the other coins or the industry in general, just the good-old Tether hypothesis.
Another plebbitor who wants to see the market collapse to nil just to buy back cheap.
Cope

>>26527370
Never underestimate the seething discontent of nocoiners who didn't build a position when BTC was still relatively inexpensive, and now lack sufficient capital to accumulate a meaningful position due to current price.

>>26528118
>just to buy back cheap.
that would be a smart decision
these tards want it to go to nil purely so they can get more reddit karma
it's pathetic really, following something so closely and not making any money out of it

>>26512844
Only correct answer

>>26512569
Matt is a ho

>>26512569
All smart money right now is making a BTC Short play

>>26512569

>BTC as a hedge for inflation

HEDGE AGAINST INFLATION YOU STUTTERING REDDIT AUTIST

JESUS

>>26514353
>It's imaginary money

>>26525214
Biden is going to do carbon taxes and people will still mine and then retards like OP can't complain about muh environment damage lol anymore

>>26512569
fucking kek

>>26512569
"Cheap Payment Network: Nonsense, since BTC transactions are currently >$10 and this worsens the more people use it."

Bigger transaction e.g. a few million are insnaly cheap

We could also use internal transfers (e.g. crypto cards) for smaller transactions

>>26520349
All this says is
>China is asshole

https://www.youtube.com/watch?v=8fwgVUfW_O4&ab_channel=finscreenname

Lol Matt the Coward admitted in the plebbit thread that Gold mining is signiificantly worse for the environment and suggesting banning both. Jesus christ.

>>26522244
p-please guys...please read it...it's convincing guys it really is, come on....

>>26512729
hahahahaha the amount of times ive heard this exact sentence

>>26516736
>>26525214
From what I understand about BTC and other altcoins, the energy issue would just be a problem with BTC. BTC transactions wait for several blocks to be added onto the chain to verify the PoW, each block taking ~10 mins to be generated and requiring significant processing power. A lot of prominent altcoins nowadays only require a fraction of the hardware and time that Bitcoin does. How are BTC's shortcomings enough to rationally call for the death of crypto as a whole? Sounds like a massive seethe on OP's part.

>>26530790
stop thinking, just fucking sell!

>>26512569
How will Bitcoin crash if nobody is selling

>>26516066
Even Hal Finney (Satoshi) said that Bitcoin would act as the store of value while a Layer 2 coin would handle micropayments. It isn't clear yet what coin that will be, perhaps Stellar or Nano.

>>26514353
>You literally can't cash out
yeah but i have before so...??

Saylor will be a running joke for years to come, the dude is selling his companies stock to then buy BTC.

In addition to also taking out corporate bonds to buy BTC.

First interest payment is due in March mother fucker.

>>26516309
took me 40s to realize what i was looking at
fucking kek
sage