/biz/ - Business & Finance

>>29340669
>karmic balance must be restored

Just like in China right? ..oh wait

>>29340669
This

>>29340774
They haven't even tried really

>>29340669
I'm not american

>>29340669
>There is zero chance crypto will be allowed to succeed.
This is correct. Crypto can only succeed (fully, that is - lapdog crypto will exist) if it doesn't need anyone's permission to do so.

>>29340761
>gamestop
>gets fucked in the ass by kikes. money goes to blackrock

wow real victory

>>29340669
It is impressive after BSC pumping like madness there are still people here that thinks the average person actually cares for decentralization.

>>29340669
if bitcoin really gets fukcing banned by any major country i hope the revolution starts for real. i hate this clown world

>>29341249
you think people have the appetite for that? everybody is soft. I'm no exception, never seen anyone die IRL. if the economic conditions get bad enough mebbe

>>29341488
maybe if hyperinflation really hits
i mean how the fuck are we going to reverse picrel?

>>29341911
There's pain on both sides of that. Removing liquidity or letting rates rise = major insolvencies and major pullback. But it would still be better than letting it keep going,

America's new foreign policy.
He's absolutely right.

>>29342468
nobody really knows. but with THAT amount of money that has been printed since last year it will be much much more than insolvencies and pullbacks. it has to result in a collapse

>>29340669
>it'll get banned by the government!
hell, it's like I'm back in 2013 with this oldschool fud. Like how china banning crypto over there totally stopped a thing, right?

>>29340669
There would be nothing to fear if they would just stop destroying it.
What the fuck is wrong with glows bros? They want to maintain the sanctity of muh dollar but they keep doing everything possible to wreck it.

>>29342673
whatever it is. it should be done now. there's still a chance now that there will be a bounce back. there wont be a chance if the collapse is put off until china has a solid economic and military advantage. which they will, Americans are not pragmatic enough and are no longer interested in meritocracy.

Nocoiners are pushing a climate change fud with bitcoin mining....I'd say thats not just a normal fud we have to deal with.

Look at how cucked other areas of business/infrastructure have become in the west due to this.

Now theyre trying to add "BITCOIN MINING" specifically into this

We going to get some climate change tax on our profits?

>>29342847
they half assed it and didn't view it as a real threat

>>29340669
Is this deleted tweet?

>>29341911
Why didn't money printer go brrr in 2008?

>>29340669
the Biden administration is already supporting behind the scenes a regulating crypto currency act of 2021 that they will claim is used by nazis, anti semites, white supremacists, terrorists, drug and sex traffickers etc and has no legitimate purposes. it will be introduced late quarter 3 or quarter 4 of the year and will sail through the house and senate. this is partially pushed by Yellen and other bankers who want to nip defi in the bud and then co-opt block chain tech and create totally controlled 'fedcoin'

>>29343441
it did

but it went 15 X brrr in 2020 compared to 2008

>>29343199
yeah, its gone

>>29343550
Nobody is going to care and they'll just outlaw over half the population at that point.

>>29340761

This didn't age well.

>>29340669
I have thought about this a lot from the point of the federal banking system. I 100% want to comp this or kill it but how?

A way would be to have an event that forever scares normal people off of crypto. Like, say.. the Untethering. Making something illegal, just means people skirt the system and it can still break out. The BIS et al. cannot let decentralized finance succeed long term. It just would destroy what they do. And they have ..literally? all the money power right now. "sorry, I don't use AUD or YEN I use BTC(or whatever). I guess they can just tax the fuck out of it, though.

>>29341086
As someone who does care for decentralization, I’m not going to pass up a once in a bullrun opportunity to make a lot of money just because. I turned $400 into $10k in a week on BSC and I’m a shitty trader. I was hawking for projects that just launched and it worked. I even made money on literal rugpulls... although those still feel bad desu.

>>29343769
they will just make exchanging crypto for fiat illegal. holding crypto illegal. how many people care enough to participate in an elaborate underground financial system with all these barriers?

>>29340669
A literal who giving his opinion on bitcoin.
LOL nocoiner cope

>>29343550
or that...that would do it too. I am sure the people who work for the fed are nice kind people, mostly. But good god do I detest central banking. Literally the final boss. Woodrow Wilson was the original useful idiot.

>>29340669

You do know that wall street ISSSS the government at this point right?

They are loading their bags as we speak.

Why doesn't the government just build supercomputers to pay off the national debt with?

>>29340669
This is why people are buying Algorand you retards. Algo is teaming with governments and literally running Tether and USDC in the system NOW. At least 30% of your portfolio should be with the glowie Algorand app.

>>29340669
Why do you retards think crypto is antithetical to the system? In what way does a 100% transaction tracked currency, that is not backed by anything, and is no more anonymous than a bank account number threaten the current system?
You crypto fags are worse than BLM screaming about how they're the resistance while they get supported by world governments and every major corporation. You have Mastercard, visa, apple adopting crypto. You have Tesla and other corps buying it and JPM saying it's going to the moon buy you think crypto is not what the system wants.

Americans are so fucking stupid that when their paper dollar goes to shit through hyperinflation they will accept a digital version of it because they falsely believe it isn't coming from central banks. You will be the FIRST group of people to fall for the ponzi scheme that is fiat and then immediately get back into another fiat system but with negative interest rates so you can never grow generational wealth.

>>29343948
You know Woodrow Wilson had a stroke 2 years into his term and was braindead. His wife signed his signature on everything at the behest of his advisors. They used to sit him in front of the window and raise his hand using a string and pulley to let the public know he's still alive.

>>29341249
>if bitcoin really gets fukcing banned by any major country i hope the revolution starts

The problem is not getting banned, the problem is getting monitored and then oppressed. All transactions are traced, parties identified, and movements known. Using TOR, a honeypot, accomplishes nothing against the key observers. Coins with anonymity are the stealth (not relying on one-way functions) coins, e,g.with stegano RERAN and/or OTPs, not the blockchain based. And with provably-perfect nonrepudiation comes risk.

>>29343908
Why hasn’t it been done already? It’s a trillion dollar asset. Canada has a bitcoin ETF. In fact if the USA bans it all it does is weaken the dollar, because every other country is further a long with bitcoin and probably wouldn’t be opposed to basing their currency off of bitcoin rather then dollar

>>29344321
I did not know that. Holy fuck.I have to look this up. Is this known?

I know, or think I know he was handpicked to be President. I read Quigly's Tradgedy & Hope and it was just infuriating.

>>29343441
M2 is technically not brr money
>M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs)

So M2 spike now is due to large liquidations of other assets. Lots of cash, including investment funds' cash, "waiting on the sidelines" ready to be reinvested, but for what, we have to wonder?

>>29344280
>You have Mastercard, visa, apple adopting crypto. You have Tesla and other corps buying it and JPM

Until the federal reserve joins that list it doesn't matter.

>>29343441
>>29344512
Forgot to mention that THIS is the real brrr money. But for every dollar increase in this, a dollar decrease occurred in the form of a bond security or MBS, so it nets out. Perhaps the most fun fact is that banks earn 0.1% interest on these meme reserves, paid for by US taxpayercucks.

>>29344498

Canada is an NPC, I don't think the major central banks will allow it.

>>29344712
>Canada is an NPC,
What an insult! Even if true...........

>>29343550
That's...... kinda realistic. It may see some republican resistance, but the government wants the USD to be the standard no matter what.

>>29344498
Its a trillion dollar asset because of demand, not because of value.

Why would they fight it? Do you even consider they could be the ones inflating the crypto market? I mean this shit is the perfect vacuum for all that printed money not to hit the daily economy and spiral up the inflation more.

>>29343550
>used by nazis, anti semites, white supremacists, terrorists, drug and sex traffickers etc and has no legitimate purposes

This is unironically true. The only legitimate purpose I've seen so fare is speculative (which isn't legitimate) and that it makes moving money easier (which isn't necessarily always good)

>>29345363
Crypto is the blackhole that is being used to prevent inflation.

>>29340669
>There is zero chance crypto will be allowed to succeed.
They don't have a choice, anon.
You are almost there to enlightenment...
It's impossible to ban a decentralized, open source protocol.
Eg:
>USA bans
>Russia allows
>Capital flight from USA to Russia
Another real life example from 3 days ago:
https://news.bitcoin.com/nigeria-crypto-ban-bitcoin-sells-for-76k-as-deposits-on-centralized-exchanges-plummet/
Ban it?
Your enemy allows it.
Nigeria still allows sell?
The price? 70k USD. A premium.
You can't control it, anon.

>>29345622
>>Capital flight from USA to Russia
LOL
yeah we'll really miss your RGB keyboard budget capital zoomie. Have fun with your russian mob money.
Wall Street won't even flinch.

They can trace, control, seize crypto tf are you faggots talking about “decentralized” your all fucking retarded it’s a gd Ponzi scheme pump and dump digital penny stock some fucking Jew invented jfc

>>29345774
I see you want to focus on the country...
Insert any other country, anon.
Germany is opened up to crypto, netherlands, portugal.
Western countries are friends but they are not "friends".
If you get it, you get it.
The bitcoin game theory is real... just like silicon valley.

>>29345418
you've already seen them pivot that 'crypto is a white dominated space'. I only know what I know because a family member serves in government and through committee work gets privy to some interesting upcoming legislation or intel on upcoming legislation

>>29345774
I'll leave you with this from the NSA in 1996:
>HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
It.
Was.
Inevitable.

>>29345967
Not really because its fundamentally just a stupid meme. At least as a currency or store of value.

One World Currency only works in a globalist afterscape and we're currently in a reactionary phase of human history.

>>29340774
They're using bitcoin to destabilize US dollar. Once that goal is accomplish then they'll ban bitcoin. >inb4 >banning bitcoin. Yes, I know you can't ban a crypto but yes China can definitely ban it from their country.

>>29346187
>At least as a currency or store of value
Found the nocoiner.
>One World Currency only works in a globalist afterscape and we're currently in a reactionary phase of human history.
Found the speculator, speculating on the sidelines of life.
BTC current price in USD: 57k

>>29346353
See how you evaluate its worth by the amount of real money you're able to buy it for?
If you believed in crypto in your heart-of-hearts you wouldn't even care how much USD it could be sold for.

>>29345774
isn't america less than 10% of the market?

>>29346432
Hmmm...
No I'm watching the value of the USD drop.
It's not BTC go up in USD... it's USD purchasing power go down.
Regardless, I have it, and you don't.
For shaaaaame.
It's valuable, globally.
Good luck lel.

>>29346533
>No I'm watching the value of the USD drop.
how so?
>it's USD purchasing power go down.
really because I can still purchase all the same stuff for roughly the same price as I did when BTC was $4000

>>29340669
You’re wrong. You’re very wrong. Governments are treating crypto as GDP asset creation and taxing people just like any other capital gains.

If 1B coins are created and distributed and one person trades one to another person for $1,000, they see it as $1,000,000,000,000 being added to the GDP and the nation looks healthier on paper as a result.

They will never give this up.

>>29341249
They are probably doing it inindia

>>29346685
>how so? really because I can still purchase all the same stuff for roughly the same price as I did when BTC was $4000
That's because you are middle class or lower.
What about stocks, college education, and *desirable * real estate.
Never more expensive than today.
All of the above hyperinflated 15%+ last year, anon.

>>29347019
And BTC rose 500% so that doesn't really compute.
15% isn't hyperinflation.

>>29340669
brainlet take crypto is basically mandated by plutocrats its literally a davos projects
zero threat to any bank other than the BIS, only minorly disrupts legacy and basically just transfers wealth from boomers to genz which is just a retard tier narrative psyop to make dumbasses think theyre rebelling against something lmao, the only thing stopping mass globalization right now is the currency cold war take that away and its never been easier to astroturf or encourage natural offshoring

>>29347353
literally national fiat usd coldwars is the only thing stopping the next wave of insane goofy nwo coups on sovereign nations which needs to happen for superblocs to form

>>29347204
BTC rose 500% from stock-to-flow + billion $ buys from institutional investors (e.g. 1.5 bil MicroStrategy & Tesla) $100 mil mass mutual etc.. Many players.
>15% isn't hyperinflation.
KEK.
1) CPI doesn't measure assets or real estate
2) The inflation will continue year over year from all the money printing that has already occured.
Will your salary increase by 15% year over year from all the *free* money printing by govs in 2020-2021 over the next 5 years?
Rhetorical.
Assets will continue to increase, folks will continue to be priced out.
It's baked in now.
Buy BTC.

>>29347566
>Many players.
u named 2 small fish throwing couch cushion money that they make in a 30 minutes on the NYSE lmao

Crypto will be utilized as a tool against us hence why the government are being passive

>>29347676
Done with you.
I gave 2 major players 1.5 billion players as bait.
They obviously have more conviction than you but there were around 30 in 2020.
DYOR.
Or, keep keeping on, anon.
Good luck lol

>>29347817
Lmao keep dreaming zoomer. Just don't get discouraged when your beanie baby isn't worth as much as you thought it'd be.

Cheat codes won't magically transfer jew wealth to your wallet. Go out there and do something.

>>29347927
Keep thinking I'm not rich from my long term investments, anon..
lel.
Then there is the nocoiner you.
But you know what, you are right.
Cryptocurrency and BTC is just a fad.

governments and central banks were caught off guard by crypto at first but now they're letting it play out just long enough to cook up their own horrible CBDCs and then ban and declare every other form of crypto as racketeering

>>29348082
>implying
I'm mining this trash and selling to dumbasses.

>>29347566
CPI shouldn't measure real estate or "assets"

>>29348747
>CPI shouldn't measure real estate or "assets"
>CPI shouldn't measure the things that made the historical middle class the middle class in the USA.
>Real estate & assets keep appreciating to the tune of 15%+ per year from gov stimulus
>Middle class is actually gone now.
Wat happened LOOOOOL?
But seriously, cryptocurrencies? Just a fad. Forget about it, just a bubble, not a new asset class. What does the wall st journal say?
Good luck anons.

>>29344505
read up on Edith Wilson

>>29349173
the middle class cant afford real estate (30 yr mortgage on some shithouse not counted) or assets. so no, CPI should not measure real estate or assets.

>>29349337
It is to laugh.
Game over.

>>29344386
In 50 years when decentralized economy starts beoming popular people will realize we would be able to track our rulers in the event that btc was a national currency and certain laws and tech was developed.

Imagine if we had In our new constitution that a politician must have a public watchdog wallet in order to serve? And we used some kind of contract so that if they didn't they get locked out of the financial system or something. Imagine some kind of mining app that tracks the % of people in poverty and brute forces the finance system to never have a poor or upper class, but only a middle? Is this not possible with these cyrpto currencies and increasingly interwoven apps?

Governments already spy on us, this is what they fear. And they will fight.

>>29346432
>if you really believe in the stonks you wouldn't care what their price was

crypto is a digital asset, anon. the replacing the dollar as currency meme died a long time ago.

Apart from name recognition why are big firms and players not interested in monero instead of btc. It is btc just better...

>>29350185
No one is interested in proof of work coins except for Bitcoin, if you hadn’t noticed. And yes, it is because of network effect.

>>29350347
Also no one wants to touch Monero. It triggers the IRS to investigate further. Even if it is a better privacy technology the government has already openly declared war on Monero for being the official coin of money launderers and pedophiles and is more lax with Bitcoin.

>>29350185
BTC is pseudonymous, regulated, and govs can track easily on the PUBLIC ledger. Unlike.... USD fiat cash, which would be outlawed by govs, today.
Monero...
https://decrypt.co/41411/the-irs-is-offering-you-625000-to-crack-monero
Enough said.

>>29340669
Truth
The government may require everyone to exchange their BTC for Fedcoin
Or you go to jail for 10 years
I have never purchased BTC since knowing about it in 2012 as I always assumed the government would ban/steal it
Executive Order 6102
https://en.wikipedia.org/wiki/Executive_Order_6102

>>29343769
the thing is, fundamnetally, can you ban math?
I'm sure they will have means to suppress and control it's use, especially as the feds themselves get more sophisticated. but the U.S.A can't risk locking itself out of future and superior monetary/value systems. there's no way you could compete with a nation that's integrating blockchain and smart contracts properly into it's society, except by outright destroying them, i guess

I can’t believe (((they))) would ever let DeFi happen

>>29350583
"anyone caught owning gold and not surrendering it to the Fed goes to jail for 10 years"
"anyone caught owning BTC and not surrendering it to the Fed goes to jail for 10 years"

>>29340669
There is zero chance we will allow CBDCs to succeed. Your citzens can play minecraft and will have the last say.

>>29350486
Is this the final BTC FUD. Answered years ago....
If this happened today, rich BTC holders would leave the USA for green pastures (e.g. Germany, Portgual, etc.). Countries compete for rich people...
And, if it was soooooo easy... the USA would have already did this.
The real world: the USA (NSA) predicted BTC in 1996:
https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
Anons still don't get it and crave centralized control.
Too late.

The crypto market is big and a money maker.
Wouldn't the US government try to control it instead of destroying it?

>>29349921
sounds liek synergy!

>>29340669
That still doesn't mean they get my bitcoin.

>>29340669
Unless, of course, bitcoin is actually a glowie project. Which in my book, it totally is.

>>29351035
Its seems like Blackrock created it in 2007 to trap the excess liquidity from the stimulus that would be inevitably pumped into the market after 2008 so that it could be removed at a later date to prevent inflation.

>>29343550
Source?

>The depths of my lower colon.

Ok.

>>29350902
>Wouldn't the US government try to control it instead of destroying it?
So many clueless anons clearly not playing w/ a full deck...
The USA is already regulating crypto"currency".
All sales are taxable events that are regulated as property by the IRS. You pay anon? Oh.
>>29351035
Possible. Who is satoshi? Doesn't matter and it is what is. NSA paper from 1996 (>>29350755)... BTC is a public ledger that can be easily audited.