/biz/ - Business & Finance

>antithetical

If you want the original bitcoin philosophy buy XMR. BTC is for number go up

>>28524785
dumb fuck

MONEY PRINTING GOING BRRR IS BAD

IT CREATES INFLATION

US DOLLAR IS BACKED BY NOTHING

(but when Tether prints USDT backed by nothing it's perfectly ok since it pumps my bags)

>a currency that can be sent at any time, can't be inflated or deflated at will, and requires proof of work to operate isn't itself anymore because banks bought it
You know banks have existed for as long as money has existed right?

>I'm in it for the philosophy

>>28524785
the irony of bitcoin is that one of the primary goals of its creation have failed. soon it will be totally controlled and manipulated by the big banks and institutions it was supposed to circumvent

>>28525245
>I'M IN IT FOR THE PRICE SPECULATION AND DISREGARD IT'S ENTIRE PURPOSE

>>28525166
if you ask OP what's wrong with the banks he won't be able to answer

>>28524785
im literally here to make money i dont give a shit about a new area or something

>>28524785
MUH COIN WILL TOPPLE THE BANKS WHO TOTALLY DONT HAVE THE FUNDS TO CONTROL THE MARKET IN A FIRST PLACE

IM A SMART PLEBBITOR UNLIKE YOU UNCULTERED SWINES

EDIT : THANK YOU FOR THE GOLD KIND STRANGER

>>28525314
No it won't be you dumb fuck

>>28525439
Yes crypto will topple the banks, CENTRAL banks you dumb fuck. Regular banks will find a place in crypto as suppliers of stablecoins. Central banks will lose a ton of their power because people will be able to get loans and deposits at rates that central banks can't control anymore.

>>28524785
Some other coin will fill the function of what crypto currency is supposed to be and you can have as much of that as you like. Monero perhaps.
Bitcoin is about making me money now.

>>28525720
>Yes crypto will topple the banks, CENTRAL banks you dumb fuck. Regular banks will find a place in crypto as suppliers of stablecoins. Central banks will lose a ton of their power because people will be able to get loans and deposits at rates that central banks can't control anymore.

>Bitcoin™ brought to you by Bank™ of™ America™

absolutely hecking based!!!®

corporations™ love Bitcoin©

>>28525793
Yes that's what I said

worst thread on this board right now. literally worse than RBC threads

>>28524785
bro the bitcoin dream died in 2014 when blockstream hijacked development and destroyed the protocol

have you been living under a rock? everyone here is just trying to get rich, the dream is dead and the elite won. just get rich you stupid faggot. only midwit redditor retard btc maximalists still believe in some kind of "bitcoin revolution".

>>28525793
What is even that thing in pic?

OP, can you name a single bank that has bought bitcoin? Retard, absolute retard.

how retarded do you have to be to conflate any financial institution with "bank". Fuck I hate redditors so bad

CLF EARNINGS IN LESS THAN 2 WEEKS

https://stocktwits.com/symbol/CLF
.........................
$CLF
02/2021
>Biden says China will 'eat our lunch' if U.S. doesn't move on infrastructure

https://www.cnbc.com/2021/02/11/biden-says-china-will-eat-our-lunch-on-infrastructure.html

---------
$CLF
02/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

---------
$CLF
02/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

>>28526385
>#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.

So what? They can't print more of it and benefit from the Cantillion effect. At least now they have to keep earning it the hard way to stay rich.

>>28526893
>They can't print more of it
yes they can, they can just fork it. all they need to do is to give the miner bigger rewards and most of them will agree to it because they're all amoral bastards as proven by past forks.

>>28524891
kek fpbp

>>28524785
Who cares if the banks are buying in? They are just doing so because it'll make them money. The entire point is that it is a decentralized currency that cannot be manipulated by the government.

Actually I hope banks go all in on crypto and allow use to just trade/deposit crypto at the bank. That would be great.

No coiners are seething.

>>28524785
truly based and visionary pilled. agreed. i have the same sentiment but refuse to be down. things look bleak as responses here and corporate money show, but new paths are being forged. wgmi. we've already come so far.

>>28525439
cringe

>>28525793
ask me how i know you're fat

>>28526567
if you have faith in the almighty us dollar, you are the midwit anon. i'm not trying to be mean!

Dont care. Does it make number go up? If yes, then I’m in.

>>28526637
the 20th century called, they want their paradigm back

>>28527962
>Actually I hope banks go all in on crypto and allow use to just trade/deposit crypto at the bank. That would be great.

>>28526671
Go away tranny

>>28529296
basically every newfag immigrant this year

>>28527572
Bigger rewards mean nothing if the currency collapses and your mining equipment becomes worthless. In any case its not as easy as printing now.

>>28524785
Yeah, fuck the institutions

>>28529520
yup, I hate newfags

>>28525166
>You know banks have existed for as long as money has existed right?
That's not true at all.
Money existed in various forms
coconuts were considered money.
What bank would store coconuts.

Idiot

>>28530038
based anon

>>28525336

>>28527962
>Actually I hope banks go all in on crypto and allow use to just trade/deposit crypto at the bank. That would be great.
wtf?

>>28531100
what happened to "be your own bank"

all these crypto newfags are so cucked

>>28524785

>>28524785
>BTC will become the standard
>banks won’t hold BTC
Have to pick one brainlet

>>28530603
The bank of me.

>>28525793
>>>>>>>>>>>>>Yes crypto will topple the banks, CENTRAL banks you dumb fuck. Regular banks will find a place in crypto as suppliers of stablecoins. Central banks will lose a ton of their power because people will be able to get loans and deposits at rates that central banks can't control anymore.

>>28526567
The elites have not won yet. Just because bitcoin failed doesn't mean crypto has also failed.

>>28525793
Thats the point you subhuman retard. We aren't fighting your neighborhood credit union, we are fighting the central banks and policy makers that perpetually keep people not in the ruling class poor.

wait, are there still people who think bitcoin is paper money rather than store of value?