/biz/ - Business & Finance

No because the value of crypto is measured in FIAT, thus once FIAT collapses, guess what, your crypto is also worthless. Anyone who says otherwise is retarded and coping.

>>29652392
if the dollar hyperinflates you can sell for euros or GBP or any other currency that is currently not crashing and burning in value.........


Also it just means the value of the dollar goes down not that of the token itself.

>>29652482
the value of gold is measured in FIAT

>>29652571
Strawman.
Gold is a physical asset with physical uses. Crypto is just "muh hash".

>>29652482
Please be satire.

>>29652392
btc will
>>29652482
you're retarded. There are other pairs. The pair is simply just saying "I think this will outperform that".

>>29652392
Remember what happened to crypto in the march stock market crash?

>>29652883
Remember what happened after march? The parabolic run. That covid crash made money printing go on steroids. It was the perfect catalyst even though it was a nasty crash.

>>29652482
The price of crypto would correlate with the price of living necessities you absolute retard.

>>29652571
>>29652678
>>29652722
>>29653337
Good luck cashing out your crypto when you cant afford to keep the lights on in your home due to utilities being linked to FIAT payments. LMAO the amount of coping here, you people do not live in reality

>>29653449
>Good luck cashing out your crypto when you cant afford to keep the lights on in your home due to utilities being linked to FIAT payments.
That's what a job is for, retard. What a fucking retard. Nocoiners are pathetic. Sad you didn't make any gains? You're going to die poor for being too much of a pussy to invest.
Worst case scenario, I store my btc into something like celsius network to gain a source of passive income. Never selling unless bitcoin's bullrun is cleary ending, though this time does seem different and not just because of big money coming in. Looks different because the general consensus seems to be to hold it since the dollar is fucking dying and btc is a hedge.
Also, crypto will eventually probably be used as a way to make payments for shit anyways if fiat really does go completely to shit. It's already a thing in certain places. Tesla accepts bitcoin payments for instance. Eventually it will become the norm. Cope harder. You won't survive the new world

>>29652392
No, because the government is going to tax the shit out of crypto on and off ramps to try to curb inflation.

>>29653731
>Hyperinflation
>A job will be able to pay to keep the lights on
Got some bad news for ya buddy

>>29653731
>Hyperinflation
>"THATS WHAT JOBS FOR HURR DURR"
Holy fucking shit. Thats some pure nigger tier iq you got there anon

>>29653449
>LMAO the amount of coping here, you people do not live in reality
They said the same thing about GME bagholders. We left reality a long, long time ago anon, this is the clown world timeline now

>>29653814
He's got a point. Fundamentally, he'll burn the same amount of calories doing a job if the calories for the hour of work cost $1 or $1000.
>tfw you get paid in calories so you can survive to watch anime after work

>>29653933
>>29653814
You only read the first line, retards? Die poor, dumbasses.

>>29653449
>didn't buy land with his gains
>doesn't have solar or generator
>didn't stock up on ammo
>thinks current infrastructure to pay bills for utilities will still exist

You are either young or brown.

>>29654039
Long story short, in the new world, you won't have to sell your bitcoin. It will become highly desirable by the masses. You will be the new currency people will seek in order to survive. You will be able to store it in places that will borrow it and pay you an apr. You will be able to pay expenses with crypto.

>>29654435
>you
btc

>>29654305
Tell me anon, who will you sell your chuck e cheese tokens to when 80% of the world has become barbarian and feudal? You will own nothing and be happy

>>29652559
There are no currencies that won’t be affected to some degree

>>29653798
By the time that happens on and off ramps will become unnecessary. Someday cryptocurrency will actually be used as a currency.

>>29652392
If these people held onto their stack you think it would've been a lot when germany recovered?

>>29652482
sad but true

>>29654635
IIRC everything in circulation was pretty much declared worthless

>>29652482
>BTC/XAU

>>29652392
No

>>29654603
>being this an-cap
>1000 years after hobbes' leviathan
if the government doesn't accept your buttcorns for tax payment, you'll have to find on-off ramps.

>>29653449
>cashing out

>>29654734
>>29654734
Oh did they make a new currency later?

>>29654508
We'll be on the same playing field as Nigeria. They use crypto don't they? I'm already pretty self sustainable as it is. I don't inflate my ego with my gains like the youngins or browns.

>>29654932
Yes, based on the productivity of the German Worker. Jews are still mad about it.

>>29655735
>nigeria
>crypto banned
>go to prison for using crypto
t. brainlet

>>29655836
You are gonna die a slow painful death with out mommy and daddy. I wish you the best of luck anon.

>>29655926
You are a sad little fucktard.

>>29652482
They hate you because you tell the truth.
Remember to pay your taxes everyone.
They will skyrocket during hyperinflation and you will be left with nothing.
If you do not give them everything, they will take from you your life.

>>29655996
>nocoiner mad they missed all the big gains

that kind of question usually means it's time to stable up
APOLLO
DAI
ya know, the regulars

>>29652392
There's no hyperinflation coming.

>>29656153
retarded fuckwit

>>29656811
THAT'S your argument? Looked like I was right on the money hahahahaha holy shit, you really are seething. You don't have anything invested, do you? I don't just mean crypto. I mean ANYTHING

I feel sorry for you

>>29654508
>when 80% of the world has become barbarian and feudal?
Ahem. Mutt, your country is not nearly that important. Financial crashes are not going to bring THE WORLD down so much, it's only your country that will die.

>>29652646
If gold is so useful then why is 99% of it in storage and not being used.

>>29652482
>that picture
>that post
10/10 kekked out loud

I'm looking to buy stocks into silver mining companies, but most of these companies are based in Canada. It was suggested that Canada would be the first to hit hyperinflation. Is there a good alternative next to physical silver? I've read that iShares have their physical silver locked up in the UK. I don't know if it's a dangerous environment for a mining company when their country's financial system collapses. Anyone has some thoughts on this?

>>29657168
this. zthe retard exposed themselves as being a goldbug kek. Only like a small percent of gold is actually used for shit such as for electronics and jewelry. Besides that, it's literally just as a store of value due to its high market cap. No one else buys gold for its "intrinsic" value. They buy it because it was "chosen" as the "store of value". This retard is just mad that bitcoin is a competitor.

>>29657125
you are the dumbest fuck ive seen in years.

>>29652392
Depending on how severe of a collapse we are talking, some chains can be 51% attacked or ground to a halt as nodes go down for economic reasons and attackers realize there's only a handful of nodes left to attack.
Crypto will shine brightest when it gets a little dark, but if it gets too dark, it'll be worthless because its not physically tangible. You never want to reach a point where people are struggling to pay their electricity and internet bills and utility providers are going under if you believe in crypto.

>>29652392
Maybe. Nobody really knows, and everybody claiming to know is a retard. To be reasonably safe in a hyperinflationary scenario, I would own both PMs and crypto. Wouldn't want to own anything reducing you mobility, like land/houses. No investment advice.

>>29657459
LOL
2 posts. Same argument.
"I-I HATE YOUUUU" Hahahahahahahaha holy shit. NGMI

crypto has built in inflation that doesn't even require central bankers. In fact the more popular crypto becomes the greater the inflation

>>29657603
what r u talking about?

>>29652482
everything is priced in fiat but that doesnt mean all assets are correlated. also theres tons of different fiat currencies and not all of them are hyperinflating

>>29657603
Btc is literally a hedge against fiat. It is valuable because it is anti-inflation. You can't print more bitcoin. Supply is finite and it just becomes more scarce as time goes on.

>>29657872
Also the dumbass doesn't get all a pair is is just another way of saying "asset x will outperform/underperform asset y". It's literally just a comparison and the retard doesn't get that. They think since "btc/usd" is a pair, thay btc NEEDS usd. Like what the fuck? And yes, other pairs are a thing. Doesn't have to be fiat. This guy is fucking stupid

>>29657603
That's not how it works lol. But desu if we actually go hyperinflation, people will be more worried about getting enough food to eat than they are about internet tokens. Pretty much everyone gets fucked by hyperinflation when it's happening. With that being said though, their perceived value will absolutely skyrocket at the slightest sign of recovery, so if you can last a few months/years of hardship, it would probably be worth holding onto your crypto as long as possible

>>29657888

>>29653731
>That's what a job is for, retard.
>You won't survive the new world
Levels of cope that shouldn’t be possible

>>29657888

I love this midwit talking point.

>>29652482
Exactly correct.
Take the silver pill, anons.

>>29658783
Why do you retards keep reading the first line only? Are you samefagging? Really, bitch? End of the day, it's gonna be a rough ride and you won't prosper without a bitcoin stash.

buy land

make sure it's very far away from people who aren't prepared for hyperinflation

>>29653449
Good luck paying your bills with shiny rocks you brain dead nigger boomer.

>>29652559
all currencies will collapse

>>29657126
>Ahem. Mutt, your country is not nearly that important.
Imagine not knowing what the petrodollar is.

>>29658980
agreed

yea I don't understand shiny rock cope

land is the only truly valuable asset

>>29657403
Bump

>>29658839
>crypto has built in inflation
How the FUCK does that make any sense? Does your ape brain even know what inflation is? Finite supply = literally not susceptible to inflation
imagine being this retarded

>>29652646
>Gold is a physical asset with physical uses
such as..?

>>29652392
Yeah, and guns, ammo, access to clean water, food with a long shelf life. If true hyperinflation were to happen in the US, it would be a lot worse than just “fiat bad.”

>>29658917
>End of the day, it's gonna be a rough ride and you won't prosper without a bitcoin stash.
I grow cannabis in the Cali hills and I promise you humanity will use my product long after your chuck e cheese tokens exist. I’m not worried about my prosperity one bit ya fucking pleb.

>>29652571
No, fiat is measured in gold.

Also kek @ cryptobugs inferiority complex, they always bring up gold when noone is even mentioning it. Telling.

>>29657126

imagine unironically believing that the worlds reserve currency inflating won’t effect the entire globe

- dollar hyperinflates
- all currencies pegged to dollar hyperinflate along with it
- global weimar
- crypto wont be accepted at local farmers market - only local trust/trade possible

>>29659443
>No, fiat is measured in gold.
It literally is not. Why are all boomers so stupid?

>>29659815
>crypto wont be accepted at local farmers market - only local trust/trade possible
Good luck taking your shiny rocks to a "farmer's market" without getting robbed at gunpoint as soon as you make it known that you have more. Absolutely delusional.

>>29652392
It already has. Why do you think bitcoin is worth 55k? It's not that the value of bitcoin has increased... It's that the value of the dollar has decreased. The price of goods is being artificially kept down at 'normal levels' but that could change at any moment ...

You better start believing in hyperinflation miss anonymous. .... YOURE IN ONE.

>>29660016
who said anything about shiny rocks ? you were ! and do you know why you said this ? explore your feelings dumbfuck.

>>29652482
everything is measured in FIAT
it depends where people flee into
if they flee into bonds and cash, those bomb up
even gold dumps during crashes
it's what happens after that matters more

>>29659431
>and I promise you humanity will use my product long after your chuck e cheese tokens exist.
Lmfao at your dumbass for thinking weed is more important than bitcoin

>>29653449
are you retarded?

>>29653731
>weimar style hyperinflation
>a job is for,

>>29662203
Let me ask you something. You really think all assets (outside of real estate and some other niches) are going to zero?
You think gold is going to zero?

>>29659298
Crypto is the opposite of finite supply. Anyone can make a token dumbass

>>29662591
You are retarded. Bitcoin for instance LITERALLY has a cap in its supply

>>29659885
You do not actually understand the things you so confidently and arrogantly assume you do. Im not trying to convince you or any of your ilk. You will see when the time comes.

>>29662591
Do you fucking newfags seriously not know bitcoin's supply is capped at 21mil?

I can't believe how fucking stupid these newfag retards actually are. They LITERALLY don't read one fucking line of information for the shit that they fud. Holy fucking shit, I can't believe how retarded normies are

>>29662507
zero what ? apples ? bigmacs ?
just educate yourself in what money actually IS before asking dumb questions.

>>29662683
>bitcoin is the entirety of crypto
You midwit faggots just dont understand. Bitcoin has nothing inherent to it that cant simply be replicated by another token. What happens when an improved bitcoin comes and the old bitcoin loses value? Think for a second retard

>>29662797
you are a dumb bitch.

>>29662878
>crypto
>bitcoin
Learn to read. And Ive made more money off of bitcoin than you will make in your life you poor little faggot.

>>29662914
Retard. I am obviously saying 0 VALUE. Holy shit, this can't be real.

>>29661730
LMFAO at your dumbass for thinking some 1’s and 0’s on a screen can ever compete with one of the world’s oldest cultivated crops. Grow up faggot, there’s more to the world then what’s on that screen you’ve been staring at your entire worthless zoomer life.

>>29652392
>Will crypto protect me from hyperinflation?
Into values much? Let me fix your question, Desu.

If muh dolla is worth shiite, how much is crypto worth? What does asset inflation even mean?

Yes it can

Check out Mochimo

>>29662971
Top fucking kek. Not what I was talking about. Go ahead, keep bashing gold while central banks around the world are buying it up, im sure youre smarter than them champ

>>29661189
>>29662914
You're the most cringe anon in this thread. Probably just an annoying subhuman troll from Tel Aviv.

>>29660284
I am happy nao.

>>29663075
I bet you don't even hold one hahaha. And retard, if you read MY comments, you'd know I was EXPLICITLY talking about bitcoin, you fucking ape.

>Bitcoin has nothing inherent to it that cant simply be replicated by another token. What happens when an improved bitcoin comes and the old bitcoin loses value? Think for a second retard
Hahahahahaha you stupid dumb mother fucker. Look up the definition of Lindy effect, you stupid pseudo intellect

Imagine buying BTC and hoping that it froths up to a double instead of buying deeply undervalued silver stocks which are likely to go 150x

>>29652482
Land and gold and Telsa Model S's are measured in fiat, so I guess hyperinflation will send those to zero.

>>29663088
VALUE ? holy shit are you retarded ?

>>29652646
Ah yes, all of those industrial uses in electronics manufacturing that informed the decision of the Ancient Egyptians to treat gold as valuable currency in 3000 BC

>>29663298
Youre right, I dont hold. I sold out of that pyramid scheme.

>lindy effect
>12 year old technology
You cant make this stuff up folks.

>>29663220
Yet your dumbass said in RESPONSE to my comment referring to bitcoin that "crypto is the opposite of finite supply">>29662591

If you actually read my comments, you'd know I was talking about bitcoin. Also not all coins have infinite supply either. The devs can literally choose if they want to put a cap on it or not when it comes to alt coins so you'd be wrong with this shit too, retard

>>29663298
And it doesnt matter if YOU are talking only about bitcoin. Bitcoin is a cryptocurrency

>>29663358
would be a shame if we collected 1 asteroid

>>29663491
>not an argument
Lol
Look, dumbass. I actually understand market cycles along with keeping up with news pertaining to adoption. I am actually glad you are too retarded to get this shit because it means you will be seething as time goes on. Your ape brain doesn't even know what the stock to flow model is LOL

Your retard brain can't even look at macro picture time frames

>>29663406
How the FUCK is that an argument, ape? You're just avoiding my question yo mot look retarded. What a fucking fail

>>29663592
>Bitcoin is a cryptocurrency
No fucking shit, retard. It being crypto doesn't make it susceptible to inflation. What the flying shit are you monkeys high on?

>>29652559
usd is the reserve currency

The absolute state of this place.

>>29663476
Ancient Egyptian gold-capped capacitors are for shit. The Hittite ones were mint though. Pro tip.

>>29663669

You can't get silver from asteroids mate

>>29663669
Asteroids contain very little metal, much less than mines on earth and there are almost no asteroids in our solar system.
>The total mass of the asteroid belt is estimated to be 2.39×10^21 kilograms, which is just 3% of the mass of the Moon

>>29663855
Too many newfags like yourself ruined it >>29663220
LOOOL literally look at charts comparing bitcoin to btc. Your boomer rock is fucked in terms of roi

>>29663993
>comparing bitcoin to btc
hol up there

>>29663855
Too many newfags like yourself ruined it >>29663220 #
too many retard newfags like yourself ruined biz

>>29663220
LOOOL literally look at charts comparing bitcoin to btc. Your boomer rock is fucked in terms of roi

>>29663531
it doesnt matter if youre *trying* to limit your discussion to only bitcoin. Im telling you that bitcoin can be replaced because its a software and has no intrinsic properties. Nobody can make a new and improved gold. But someone can and has made alternate cryptos.

>>29663936
>You can't get silver from asteroids mate
Bullshit. Where's your evidence? Heavy metals are formed in stars and asteroids can carry that material throughout the solar system.

>>29663975
That image is from the 70s, and that's how I know you're a naive boomer.

>>29664145
*btc to gold

>>29664124
Read above. Imagine losing an argument so hard as to nitpick the dumbest most irrelevant shit just to gain leverage

>>29663814
bitcoin is not the ONLY crypto and anyone can make another one with the same or superior features. How the fuck do you not understand this? Any intelligent cryptobug at least comprehends and acknowledges this argumrnt but you seem to be one of the lower-tier ones.

>>29657888
Yes, but how do you spend/invest your btc when fiat dies?
Are you going to send people btc? If everyone on the planet made one (1) transaction with Bitcoin that would take over 34 years. Btc can only handle 7 tps. The mempool will get clogged and your funds will be frozen for years.

Without another currency btc is worthless since it cannot be used in trade. This is why btc can never be the reserve currency, a reserve currency is the currency of last resort. Gold/silver however can handle an infinite amount of transactions.

>>29663846
Not for long, and it's not something hidden too
May be easier to see this as a non-american though

>>29659431
What else is an Anon to do? We are priced out of the Emperor's coin. The Mother plant has real value.

>>29664259

Ask Pan Man in /pmg/ about the feasibility of doing that and you'll understand your level of delusion

>>29664145
Gold isnt an investment fuckwit. Its insurance

>>29664259
26, actually.

>>29664248
>Im telling you that bitcoin can be replaced because its a software and has no intrinsic properties.
what a fucking moron. The MARKET decides. It doesn't even matter if something "better" comes along. Yes, the lindy effect does play a role here since compared to all crypto assets, bitcoin has performed the best consistently. What you don't get is institutions also look at price history too and bitcoin has performed amazingly in its whole lifespan.

>>29664309
No argument m8. This place always turns into a newfag diarrhea fest when the bulls are running. Just pointing out a funny. No need to be a dick.

>>29652392
Depends if people have to sell to eat.

>>29664396
Are you dense? A store of value like BTC is handled like any other store of value. People liquidate it sparingly and in chunks to handle liquidity needs on an as-needed basis.

>>29664729
You, sir, are a shining light in the darkness of dumbfaggotness. I salute you. May you forever prosper on the dimwits curse of retardness.

>>29664961
>store of value like BTC
>BTC
>store of value
>BTC
>value to store

>>29664545
>the MARKET decides
No shit. Do you just spout off random phrases you heard in high school econ and crypto jewtubers and expect people to think you know what youre talking about? You are by far the most ignorant cryptobug ive ever argued with. At least learn about the asset youre speculating on

>>29664729
Unironically the best answer in this thread.

>>29664961
What will you liquidate it into?

>>29664364
>bitcoin is not the ONLY crypto and anyone can make another one with the same or superior features. How the fuck do you not understand this?
Ape. No fucking shit alt coins are a thing. Bitcoin is the actual king of crypto. Alt coins are closer related to random ass stocks from a company rather than say gold.

>>29664396
>Are you going to send people btc? If everyone on the planet made one (1) transaction with Bitcoin that would take over 34 years. Btc can only handle 7 tps. The mempool will get clogged and your funds will be frozen for years.
Scroll down to pic related
https://academy.bit2me.com/en/what-is-bitcoin-scalability/

I also don't know exactly what would be used as a real currency since there are different ideas people throw around. You wouldn't use gold to buy shit. It's main usage is being a hedge against the dollar too and basically a store of value. Even though bitcoin is actually a better version of gold, doesn't mean gold will die. It's just another competitor that has arisen as hard money. By your logic, if bitcoin dies because it will become useless, so would gold. I don't see that happening.

>Without another currency btc is worthless since it cannot be used in trade.
There is more pairs than just usd Lol.

>>29665249
Either A) Into USD if it's still circulating, or B) Into whatever high-efficiency stablecoin ends up achieving more widespread use.

>>29664396
>Gold/silver however can handle an infinite amount of transactions.
Nigger, what? To actually send that shit, you would need to physically import it. Try sending gold from one end of the world to the other. Now do the same with bitcoin. Don't bullshit me it would be faster to physically transport it than it would be to send bitcoin electronically

>>29664469
Semantics, retard. Bitcoin can literally be classified as insurance too seeing how it is a hedge against fiat.

>>29665118
Ape brain. I am saying it doesn't fucking matter if "something better" comes alone. As an actual example, bitcoin is literally a better version of gold yet you don't see gold as straight up "dying". Fucking dumbass

>>29665711
>>29665823
>>29665599

>>29665965
>Care to explain how/why we have evidence of gold mining at least 100k yrs old if gold is a “boomer rock”. even look at macro picture time frames
Your whole post was shit with this being your only question:
>Care to explain how/why we have evidence of gold mining at least 100k yrs old if gold is a “boomer rock”. even look at macro picture time frames
That's my point, retard. I called it a "boomer rock" because it's old, not because "only boomers like it", you stupid dumb bitch. I also notice you ignored what I said above. It's pretty fucking clear you don't know jack shit about bitcoin's price history

>>29652482
>fiat collapses
>houses become worthless because they’re valued in fiat

>>29665823
>semantics
>literally 2 entirely different concepts
See, this is why you will always struggle.
>>29666008
Bitcoin is not gold. It is a digital token. Gold is a physical metal. Cant believe I have to explain this to you.

>>29664589
>chicken almond ding.jpg
why did you post this

>>29666355
>Bitcoin is not gold. It is a digital token.
Okay. Gold is not a "store of value". It's just a shiny rock.
See how easy it is to down play shit like a retard? Literal brainlet

>>29666339
once again, no. A house has a use other than to be traded. That being said, the prices will go way down. But they will never go to 0, while its possible bitcoin could go to 0 (not saying this will happen, but logically its a possibility, unlike a house or anything else with an actual use)

>>29666142
You're the nigger here. Every valid point brought up you stupid boomers just start yelling at those anons and making threats because you're too incompetent to use facts. Boomers are a waste of life and need to be isolated on some gold-covered island.

>>29666594
You literally sound like your copying peter schiff's talking points where you are obsessing over "intrinsic value" as if anyone gives a flying fuck when it comes to assets. Real estate is an exception because housing is an actual necessity for survival. Your obsession for gold does not apply. Literally the only REAL usage for gold is to make jewelry and for some electronic equipment. The majority of people that buy gold don't give a single flying fuck. They literally buy it due to it's performance as a hedge and due to the Lindy effect

>>29663672
>Lol
>Look, dumbass. I actually understand market cycles along with keeping up with news pertaining to adoption. I am actually glad you are too retarded to get this shit because it means you will be seething as time goes on. Your ape brain doesn't even know what the stock to flow model is LOL
>Your retard brain can't even look at macro picture time frames
Spoken like a true zoomer. Nothing but a constantly flow of buzzwords fueled by your own myopic ignorance. I will laugh from the safety of my land in the hills as faggots like you fight for scraps of food in the streets when your glownigger token vanishes as fast as it showed up. Some of us are actually old enough to know/remember btc’s main real world use has been to purchase child porn, drugs and weapons off the dark web.

>>29666489
>precision in language and concepts is "down play shit"
Yes, gold is a shiny rock. It is also a store of value. Gold however is not bitcoin.

Dont give in anons.
They just need someone to buy their bags.
They are getting desperate.
Crypto has already failed. They are the bagholders and will try every Psyop possible to get rid of their shitcoins.
Dont eat the bugs.

>>29665599
Bitcoin is unscalable and lightning does not work because any transaction above the dust fee can be left in the tx fee bucket meaning people could lose hundreds of dollars worth of btc through no fault of their own and there is nothing they can do to prevent it.
>You wouldn't use gold to buy shit
Of course gold would be used to buy shit, the reason this is unthinkable to you is because we've been off the gold standard for 50 years, you have no concept of anything apart from the fiat standard
>It's main usage is being a hedge against the dollar
Its not a hedge against the dollar, its the final reserve currency of the entire world and when the dollar goes away gold will be used in its stead
>bitcoin is actually a better version of gold
NO. Bitcoin is a liability, not money. The Bitcoin network needs constant work input in the form of electricity and hashing power, without that constant input Bitcoin will wither, become unusable and open itself up to attacks. Currently the network is funded through inflation at 900 btc per day and tx fees at 100 btc per day, but once we reach the hard cap 100% of the networks security has to be financed through 7 impossibly expensive transactions each second. If those transactions and their fees are not enough to secure the network btc becomes worthless. Its as though you had an ounce of gold that required constant polishing or else it would fail.
Btc also cannot be used as a currency, which gold can. Being usable as a currency is the MINIMUM requirement for a reserve currency.
>>29665634
>USD
No one wants to hold fiat once the psychology of hyperinflation sets in
>stablecoin
So your plan is to keep you btc on a centralized chinese exchange and trade it for stablecoins at a per need basis? Or do you plan on converting your btc by sending them to a DEX... Sending them along with millions of other people at a per need basis.. remember, 604k transactions is the maximum per 24h period
look at what happened 2017-2018

>>29666355
The chemical properties and functional scarcity of Gold that make it useful as a store of value when large groups of people agree that it's valuable are extremely closely analogous to the cryptographic properties of BTC that make it similarly valuable when large groups of people form a similar agreement to treat it as valuable.

No, thousands of years of ancient societies communally agreeing to treat Gold as valuable into the present does not have anything to do with distinctly modern industrial applications.

>>29666887
It still has a real world use. Doesnt matter how trivial the use is, the high level of value comes from the scarcity. This is simple stuff

Gold and crypto are better than FIAT.

$FRM $RUNE $ETH $SNOW

>>29665711
Gold can be anywhere on the planet within 13 hours and trading it in person can be done in seconds. Billions of transactions can take place everyday.
Bitcoin can only handle 604,800 transactions per 24 hour, assuming ideal conditions. Look at 2017-2018. Some people had to wait weeks for their transactions to come through despite $60 tx fees.
Bitcoin is the least liquid 'asset' in human history.

>>29666893
What "buzzwords" you dumbass mother fucker?
Stock to flow is a buzz word? No, BITCH. It's an actual mother fucking chart your ale brain can mother fucking google. As for "market cycles" I literally mean market cycles as in look at how it has performed after halvings, you fucking IDIOT. LITERALLY look at the 4 year cycles it has had. For fucks sakes, man. Pic related, mother fucker. I bet your dumbass doesn't even know what the halving event is

>>29656132
Already bought a gun just for this.
Not paying my taxes.
Seethe, IRS

>>29667019
>>29665599
>transaction above the dust fee
transaction BELOW* the dust THRESHOLD*
fucking phoneposting at work is stressful

>>29662963
>What happens when an improved bitcoin comes
Monero already exists though anon

>>29662914
Dont feed the troll

Dont listen to the shills.
They want to track every transaction you make.
They dont want you to escape from death and taxes.

>>29652392
I can imagine crypto keep increasing until shit really hits the fan. There is nothing beside gold/silver that can save you.

>>29667019
I don't want to insult your intelligence, but I really need to stress that this isn't a complicated or novel idea. Literally just look at the way BTC is used *today*, and has been used the past few years. You buy it, and that value is secured away from inflation of legal tender. You want to spend it and you're not buying a Tesla? You sell a chunk off for the legal tender you need in the short term - not to hold the USD, but to do whatever other transactions you wanted to do in the short term across which inflation is negligible.

>>29667069
The scarcity is analagous, thats true. BUT you need some real world use in tandem with that scarcity to make a truly stable store of value. Everyone always gets hung up on what the specific uses are- electronics and jewelry- but that doesnt necessarily matter. As long as there is some need, the scarcity takes care of the rest. Now, I do think that crypto has a use in that it can be used to buy illegal shit on the darkweb. But that is highly circumstantial. With gold, even if collapse erases the demand for electronics and jewelry, me and everyone else knows that gold lasts forever and that at SOME POINT in the future, someone will want it.

>>29657458
gold = history's greatest ponzi scheme. The only reason it's purchased is to offload it at a higher price.

Dont give in anons.
They just need someone to buy their bags.
They are getting desperate.
Crypto has already failed.
They are the bagholders and will try every Psyop possible to get rid of their shitcoins.
Dont eat the bugs.

If the dollar is worth less, 1btc would be worth more dollars

>>29667621
>You sell a chunk off for the legal tender
YOU CANT BECAUSE YOUR FUCKING BITCOINS WILL BE FROZEN YOU DUMB NIGGER
THE NETWORK CANNOT HANDLE MORE THAN 7 TPS AND THAT IS UNDER IDEAL CONDITIONS
DURING 2017-2018 PEOPLE HAD TO WAIT FUCKING WEEKS FOR THEIR TRANSACTIONS TO GET THROUGH DESPITE $60 TX FEES
AND IF YOU HAVE YOUR BITCOIN ON A CENTRALIZED EXCHANGE YOU WILL NEED TO TAKE OUT YOUR WORTHLESS FIAT THROUGH LEGACY BANKING CHANNELS THAT ARE RUNNING OF A WORTHLESS FUCKING CURRENCY IN THE MIDDLE OF THE LARGEST FINANCIAL MELTDOWN IN HUMAN HISTORY, DO YOU NOT SEE THE PROBLEM HERE?

>>29667696
>BUT you need some real world use in tandem with that scarcity to make a truly stable store of value
>Jewelry
Do you *really* think jewelry is a "real world use" that *gives* the gold value, anon? That thousands of years of commerce rested happily on the fact that you can find a blacksmith to turn the currency into a ring or a necklace if you ever get the urge?

>>29667221
>What "buzzwords" you dumbass mother fucker?
> I bet your dumbass doesn't even know what the halving event is
Kek look at yourself seething like the kike you are when called out. Have fun with your glownigger child porn, drug and weapons coin faggot. You really are too fucking stupid to realize this is just a test run for digital global currency which you’re actively helping to manifest and I don’t have the time nor care to explain it to you
Pic related is you

You will be somewhat protected.

Remember APPs like FLEXA turn your crypto into merchandise at stores. You can skip the fiat entirely

>>29656132
Taxes are a % of what you make. If they skyrocket that's because you made more money.

>>29667193
>Gold can be anywhere on the planet within 13 hours and trading it in person can be done in seconds. Billions of transactions can take place everyday.
What fees, bitch? Get real. You also aren't transporting massive amounts in 13 minutes from one side to the other. What the fuck?

>Gold can be anywhere on the planet within 13 hours and trading it in person can be done in seconds. Billions of transactions can take place everyday.
Pic related, goldbug. Least liquid is the dumbest fucking shit I've ever heard.

Also, blockchain = don't need a middleman to verify the transactions

>>29654879
I try to make 10% a day swinging.
Very easy in crypto.
Once i am up 100% i take 10% for myself and 20% in crypto or stocks I will never sell.
Been doing this for months, from 3 figures to just 6 right now.

>>29668124
>called out.
Retard. I'm going to call YOU out now. SPECIFY what words I used that were "buzz words".
:) This should be fun considering you are bullshiting hahahaha

>retards thinking there will be anything worth except for food and ammunition if dollar collapses
You are absolutely delusional.

>>29667837
Ya, technically you can call it that since the grand grand majority of people that buy gold don't actually use it for its "intrinsic value", but when the market cap gets high enough, people don't treat it as if it were a ponzi anymore. In that sense even bitcoin can be called a ponzi. End of the day, it's as much of a ponzi as gold since the majority of people buy both for the same exact reason

>>29667983
>The network is too slow to handle day-to-day use
Okay, and? That's exactly why its use-case has evolved to focus on *storing* wealth that you don't need on short-notice and is starting to be experimented with for very large and infrequent purchases like buying a Tesla.

>>29668527
There are niggers in nigger Africa *right now* who already treat trading in crypto as the norm, because their institutions are dogshit and they could not handle traditional Currency.

If literal niggers in literal nigger Africa figured it out, we'll manage it, anon.

>>29652559
Euro is fucked thanks to Southern European countries being totally ass at economics. And they are lazy sunbathing fucks anyways. But Northern countries might be able to carry the load somewhat and push the shitstorm just a bit further to the future perhaps.

>>29668510
>Your ape brain
Your mention of the lindy effect is one of many. Yes I know what it is I just find it funny that faggots like you have only been really mentioning it since the Jan Forbes article. You’re a typical zoomer your parrot what you read with no real understanding and your posts prove that point.

>>29668381
>Least liquid is the dumbest fucking shit I've ever heard
>604,800 transactions per 24 hour
are you mentally retarded?
did you buy your bitcoins yesterday? were you not here 2017-2018? do you even know why we had the forks?
get the fuck off /biz/ you reddit nigger

>>29669153
>since the Jan Forbes article.
>2021
You are a dumb retard that assumes things about me
It's also funny as fucking hell how your ape brain keeps saying I'm using buzz words without specifically which words are buzz words. Btw using definitions accurately isn't "buzz words", you low IQ retard. Boomers are going senile haha

>>29669381
I bought under 10k, bitch.
Also, you stupid ass clown, I already told you 2 things above, but you can't read. Transaction speeds are being worked on and even if it is slow as shit, the main usage is the same with gold, you dumb retard faggot. Literally just a fucking hedge. Learn to read, goldbug.

Anyways, I'll be here enjoying my continued gains while you won't even 2 x Lol. Stay poor and ignorant on market cycles. Also lmfao at 13 minutes Hahahahahahahahahahahahahahahahaha

>>29668795
oh dear lord..
when the dollars that are in your pocket are worthless and the bitcoins that are on your phone are frozen due to network congestion - how will you eat?
let me tell you what will happen; you will be on the streets sucking dicks for mercury dimes, wiping the cum off your face with dollar bills while waiting 3 fucking decades for your bitcoin transaction to get processed from the mempool

>>29669719
read here >>29669784

>>29669135
Southern Europeans are much more hardworking (look at hours worked vs Northern Europe), but have shittier political systems that syphon public money with impunity
That and the Jews that were expelled Spain and Portugal in the 15th/16th/17th centuries to settle in the North... who would stand to gain from dividing and financially enslaving southern eurobros like that?

>>29669784
>when the dollars that are in your pocket are worthless and the bitcoins that are on your phone are frozen due to network congestion - how will you eat?
How the fuck will gold fair better, ape? Your dumb ape brain wants to plan for THE worst case scenario by saying bitcoin will not do shit for you when you can quite literally say the same for gold. Your dumbass keeps cherry picking.
If you want to argue bitcoin would magically lose all value, you'd literally have to say the same shit with gold.
In a total dystopia, no one would trade their food for gold, fucking dumbass. In the ABSOLUTE FULL RETARD society, if it EVER got that bad, the best you could argue is you could use your gold as a shiny rock that hits people hard hahahaha

>>29652646
>strawman
Bitch where’s the strawman? Both gold and crypto only have value because people assign it to them. This is the first time we might have an alternative to gold and silver during an economic collapse

>>29669495
I literally geeentexted the last post with one you fucking retard. You don’t know what a buzzword is apparently...perhaps it’s your “ape brain” getting in the way. Zoomers still stupid as fuck haha.

>>29669878
read here>>29670062

>>29670132
And I corrected your ass by explaining more in depth, you fucking senile monkey. God damn retard

Even when I dumb it down, you can't keep up. Holy fucking shit

>>29668041
Youre missing the point. The scarcity sets the price. The real world application gives it stability into the future

>>29669135
Look up Jeavons Paradox, and then take the Tedpill.

>>29670062
>>29670151
>you can quite literally say the same for gold
NO BECAUSE GOLD WONT BE FROZEN YOU DUMB NIGGER
WHAT IS IT YOU DONT UNDERSTAND ABOUT NOT BEING ABLE TO TRANSACT??????????
GOLD WILL STILL BE TRANSACTABLE AND STABLE
>In a total dystopia, no one would trade their food for gold
O REALLY ???????
WATCH THIS FUCKING VIDEO BECAUSE TRADING GOLD FOR FOOD IS THE LIVING REALITY FOR MILLIONS OF PEOPLE AROUND THE WORLD
>https://www.youtube.com/watch?v=sN3iITo7gNA
>https://www.youtube.com/watch?v=sN3iITo7gNA
>https://www.youtube.com/watch?v=sN3iITo7gNA
>https://www.youtube.com/watch?v=sN3iITo7gNA
WHAT NOW YOU DUMB FUCKS?

>>29670262
>The real world application gives it stability into the future
LOOOL
RETARD. Most people don't give a single FUCK about its intrinsic value. No fucking institution is holding gold to make some dumbass jewelry. They strictly buy it as a hedge. Stop making up bullshit to try to make it seem more authentic than it really is

>>29659443
Fiat is the numbers that measure how much stuff gold can buy retard. Doesn’t matter that fiat loses value by the minute during hyperinflation, it’s still the measure.

>>29669153
FUCKING KEK

>>29669719
>clown,
>Literally
>goldbug.
>continued gains
Keep up with the buzzwords and catchphrases. Im sure you are smart in your jr college campus. Oh yeah and FYI gen x here not a boomer.

>>29652482
>Fiat collapses
>Farm becomes worthless because food is traded for fiat
AAAAAAAAAAAAAAAAAAAAAAAAA FARMBROS THIS CAN'T BE HAPPENING NOOOOOOOOOO

>>29669784
>when the dollars that are in your pocket are worthless and the bitcoins that are on your phone are frozen due to network congestion - how will you eat?
Huh? Why are you trying so hard to imagine this weird strawman scenario where BTC and USD are a person's only holdings, the Dollar literally collapses into tinder for starting fires overnight, and the pantry and fridge are both empty and your stomach is already growling? Fucking kek, and you think your solution to that weird overnight doomsday is going to be to walk into a grocery store and start explaining what a "mercury dime" is to the cashier and why they should accept it?

BTC is retaining value and going up as more people take an interest in it for storing value. USD is declining in value as mismanagement of it goes up, but it's still functioning right now, and a technological arms-race to see who can come up with the most useful crypto replacement for its day-to-day use is well underway - its day-to-day replacement is most likely already online, right now, just waiting for us all to turn to it piece by piece as we gradually get more and more sick of the USD's shit. It's really not going to be that difficult to navigate for anyone with a little bit of foresight. But what do you honestly think is going to be easier and offer more yield, trading chunks of bitcoin for whatever LiquidCoin takes over the market, or figuring out where to mail your weird dimes to get some?

>>29670396
Im just fucking laughing at you now.
>>29670427
>doesnt know that commodities are the real measure of value and that fiat is what fluctuates in relation to THEM
Ngmi

>>29670877
once again the same dumb shit. Your zoomer minds are beyond warped. A farm will never be worthless unless people no longer need to eat.

>>29671221
That's literally the point he's making you dipshit boomer.

>>29670235
You didn’t correct anything. You ignored the apebrain green text and never explained why you’re mentioning something every other msm & hack analyst has mentioned since the Jan Forbes article. Put down the energy drink kid it’s turning your mind to shit

>>29671290
You cant eat bitcoin you fucking moron

>>29670316
>GOLD WILL STILL BE TRANSACTABLE AND STABLE
Oh jesus fucking christ. This retard thinks the internet will cease to exist for all of eternity.

Btw you can steal gold. You can't steal crypto in cold wallets. You writing in caps lock doesn't make your retard down syndrome posts have more of an impact.

>BECAUSE TRADING GOLD FOR FOOD IS THE LIVING REALITY FOR MILLIONS OF PEOPLE AROUND THE WORLD
During the beginning of a dystopia, NO ONE would be willing to trade ANYTHING for their food and shelter. No one will give a fuck about a shiny rock. By the time things would stabilize, anything could happen. Sure, maybe eventually people will trade like in the past and like what these people in the vid are doing or maybe we'd get out internet back and have a nee currency. Have no fucking clue, but I highly doubt we'd stay in that reverted state of "trade shiny rock for grub grub" for the decades

>>29670696
>Keep up with the buzzwords and catchphrases
Are you retarded? Those were all just insults Lol. Is your dumbass really going to call insults "buzz words"? Really, bitch? Oh no. I called you a bitch. I used another "buzz word". What a fucking ape (another buzz word!).

Let me google shit for you.
Buzzword: "Buzzword definition is - an important-sounding usually technical word or phrase often of little meaning used chiefly to impress laymen".

I didn't know me calling you a "bitch" was me trying to portray an argument. News flash, it wasn't. It's just a random ass insult. Fucking learn the words you use, retard (Another "buzz word!" on no!).

>>29671132
Of course commodities are the real value, but money will still be a measure of value. Instead of using laptops or cups of coffee it’ll still be fiat and the value of gold and silver will outgrow the value of inflation.

>>29671364
You can't eat gold either. Does that mean its value plummets because the value of the USD we all price it with plummets?

Are you just pretending to be too retarded to see the point he made?

>>29671132
>commodities are the real measure of value
"Value" is subjective, retard. If someone wants to trade their food for my literal shit, than that shit had value to the person.

>>29671908
>tfw you realize just how easy it's going to be for German anons to survive the collapse
Well played, krauts.

>>29671132
Also commodities ARE value, not measure of value. You don’t even understand value, money and measure. English difficult language I know 你会汉语吗

>>29671296
>You ignored the apebrain green text
What the FUCK are you talking about, you stupid bitch? I literally addressed the specific terms, you stupid fucking dumb brain dead mother fucker. Stop pretending to be this retarded. Do it again then, retard. Tell me AGAIN (lol) the SPECIFIC buzz words. If it's the ones that I just explained above, you are a fucking retard.
>and never explained why you’re mentioning something every other msm & hack analyst has mentioned since the Jan Forbes article.
Nigger. I clearly stated you are getting shit from your ass and stating it as fact. You ASSUME I copied the lindy affect from that artilcle as if I didn't already know what it was. The FUCK? Strawman bullshit monkey argument.

>Put down the energy drink kid it’s turning your mind to shit
>kid
Holy fuck, you really need to learn how to make a coherent argument. Btw by your logic, you just used buzz words by calling me a "kid" and also saying "your mind into shit" (LOL what retarded logic).

>>29671760
no disagreement there.
>>29671774
>value of USD we all price it with
You still dont get it. Gold is the basis of all money whether we are on a gold standard or not. The fluctuations in its fiat price moment to moment litsrally dont matter. On a thousand year timescale it has always held its value

>>29671760
>>29672136
>Thinks that Gold works as a hedge/value storage because it "out-grows" inflation, instead of the fact that it just stays the same because it's a functionally-scarce noble metal that doesn't decay across time and isn't subject to wild swings in quantity like fiat is
>Tells other people they don't understand value
Jesus Christ, anon.

>>29670887
>crypto replacement for its day-to-day use is well underway
no, it is not
the only way you can increase transactability is to increase the block size or centralize the nodes resulting in constant, successful hacking attempts and all L2 'solutions' are unworkable
>Dollar literally collapses into tinder for starting fires overnight, and the pantry and fridge are both empty and your stomach is already growling
it only takes a few months, possibly even weeks to go from 'stable' to zero and most people do not have enough food to last weeks, much less months
>explaining what a "mercury dime" is to the cashier
oh, of course! this will be the first time in 10,000 years that no one will accept silver/gold!
>https://www.youtube.com/watch?v=sN3iITo7gNA
>figuring out where to mail your weird dimes to get some
no one will trade their silver for crypto, crypto will go away
it could possibly resurface down the road as asset ledgers for gold but governments will most likely issue their own digital currencies pegged to gold
>>29671426
... oh you fucking dumbass.. I have literally said nothing about the internet going out, all I've done is explained to you that you will not be able to make any transactions with bitcoin because the mempool will get congested as it did in 2017-2018, except a hundred times worse
I have precedent for what I am saying, you do not
every time that there has ever been a hyperinflationary event gold has been the most liquid and valuable asset there is after food, problem is that food does not store well and it doesn't have a high concentration of value
>https://www.youtube.com/watch?v=sN3iITo7gNA

>>29671750
Definition of buzzword
1 : an important-sounding usually technical word or phrase often of little meaning used chiefly to impress laymen
2 : a voguish word or phrase
— called also buzz phrase
https://www.merriam-webster.com/dictionary/buzzword

buzz·word
/ˈbəzˌwərd/
Learn to pronounce
nounINFORMAL
a word or phrase, often an item of jargon, that is fashionable at a particular time or in a particular context.
"the latest buzzword in international travel is “ecotourism”"
Definitions from Oxford Languages

You calling anyone retarded is hilarious...pot kettle nigger
Keep trying kid

>>29664400
>not for long
You are retarded. There is literally no other country that can replace the US at the moment as the consumer capital of the world. Maybe in two decades, minimum.

>>29672651
Ape. Bitcoin does slower transactions as a tradeoff. It's more secure. Scalability issue is also still being worked on, but it doesn't need to be fast anyways as it does what it's supposed to. No need for a middleman to settle the transaction either. Nice cherry picking though

>>29672651
>Literally is not even cognizant of the fact that projects outside of BTC and Ethereum exist and already have working currencies in circulation on growing networks that address all of the technical shortcomings of the older coins
Jesus Christ. I knew goldbugs were a little bit superstitious and behind on the times, but I used to at least respect their strategy as more or less effective inflation-hedging. I had no idea they were this boomerbrained.

>>29673166
This is an argument against BTC, not for it. Yes keep running into the next best currency every couple years while the previous one gets rugpulled. Very efficient system you have there.

>>29672826
Down syndrome. You literally posted the definition I did kek. Wha the fuck? The hell is your point exactly? All you dod was copy and paste me basically.

>>29652482
based

>>29652482
This.
Nobody says "Oil went up .4 Bitcoin today!"

>>29673311
>Yes keep running into the next best currency every couple years while the previous one gets rugpulled. Very efficient system you have there.
Says the dumbass that doesn't know shit about halvings and bitcoin's performance history as a while.

Yes, an almost 1 fucking trillion market cap asset will get "rug pulled". Right. Fucking hell. Yes, it's performed shitty even though in actuality it's pulled higher lows nearly every single year. Just shut the fuck up, monkey

>>29672283
>Nigger. I clearly stated you are getting shit from your ass and stating it as fact. You ASSUME I copied the lindy affect from that artilcle as if I didn't already know what it was. The FUCK? Strawman bullshit monkey argument

So it’s just a coincidence that you and every other hack Btc peddler have been using the lindy effect as a talking point since January? It’s also just a coincidence that you use similar insults to a 1st year jr college student, right? Sure kid whatever you say. I don’t call you kid as an insult I call you kid because you make it obvious with every post that you are a child and have a child’s understanding of the world. You’re so hung up on the buzzword and catch phrase shit you NEVER addressed another point. Such as- Why are you shilling a glownigger coin that mysteriously showed up and who’s primary use has been to buy child porn, drugs and weapons off the dark web? How could you ever think that could be the basis of any sound monetary policy? Imagine teaching kids the history of Btc 50 yrs from now. Top kek. You’re fucking delusional

>>29657126
not even a Walmart dweller but this post is delusional

>>29673166
>>29673111
>Scalability issue is also still being worked on
>already have working currencies in circulation on growing networks that address all of the technical shortcomings of the older coins
no, they are not
blockchains cannot be scaled without sacrificing decentralization and security and they cannot be decentralized and secure without sacrificing scalability
>"Transaction throughput and transaction confirmation latency are two most talked-about performance metrics of blockchain and both of them have not reached a satisfactory level in recent popular blockchain systems [5], which leads to the bad user’s quality of experience. However, compared with the centralized payment system like banks, these two metrics cannot be improved easily in blockchain, a self-regulating system, that needs more considerations in order to maintain decentralization. After numerous studies on the particularities of blockchain, some researchers raise the view of Blockchain Trilemma [6]. Similar to the CAP theory [7] in the traditional field of the distributed system, the Blockchain Trilemma points out that three important properties of a blockchain system, involving decentralization, security, and scalability, cannot perfectly co-exist. For instance, considering a simplified circumstance, adding a centralized coordinator into the system can reduce the consumption (e.g. computational resources consumed by proof-of-work [8]) for all users in the system to reach consensus on a set of transactions. Another example, shortening the block interval of Bitcoin can increase the transaction throughput but also affects the security of the whole system because of the increasing probability of fork. Therefore, balancing or even achieve these three aspects of blockchain system well is essential for the future development of blockchain that is suitable for more complex and larger-scale scenes in our daily lives."

>>29673311
>Yes keep running into the next best currency every couple years while the previous one gets rugpulled.
What? This is literally the exact opposite of what I'm suggesting, and is exactly why BTC is retaining and will continue retaining value as longer-term wealth storage. It's the coin that's already well-established and acknowledged as secure, and will be readily tradeable for whatever daily-driver coin eventually rises to the top - and its status as well-established and known-secure will preserve its status in the ecosystem as a long-term wealth storage into the future, too.

>>29673581
>So it’s just a coincidence that you and every other hack Btc peddler have been using the lindy effect as a talking point since January?
Nigger, I don't care what you think. It's simply a baseless assumption your dumb ape brain wants to state as a fact. I am correcting your idiotic thinking process. Don't fucking believe me for all I care.

>It’s also just a coincidence that you use similar insults to a 1st year jr college student, right?
The FUCK? That's like me saying "it's just a coincidence that you sound like a faggot then, right?". WHAT THE FUCK is wrong with your senile ape brain? A "1st year jr college student" isn't a fucking clone of one another, retard. This insult doesn't even make sense

>Sure kid
Sure, down syndrome

>whatever you say.
ditto
> I don’t call you kid as an insult I call you kid because you make it obvious with every post that you are a child and have a child’s understanding of the world.
I don't call you a retard ape as an insult. I call you a retard ale because you make it so damn obvious (see how retarded your reasoning is? Probably not haha).

>You’re so hung up on the buzzword and catch phrase shit you NEVER addressed another point.
You are one dumb mother fucker as I've never used buzz words. When I asked what buzz words I've used and ask you which once specifically, you run like a BITCH and ignore that then keep parroting "buzz words!!". WHAT buzz words, you STUPID mother fucker??
I only see 2 IDs from you so I'm going to assume you are this samefag: >>29670696
in which case
1) you're retarded as none of those were buzz words and
2) I explained how they are not
Ad hominems are huzz words, retard

Part 1

>>29673795
>Reads one (1) paper defining an engineering problem as important for dev-teams to work out solutions for.
>Declares the entire field DOA and stops reading.
Holy kek.

>>29674142
anon, please remove that stick from your ass before continuing commenting, this is a non-faggot board

>>29673581
Part 2
>Such as- Why are you shilling a glownigger coin that mysteriously showed up and who’s primary use has been to buy child porn, drugs and weapons off the dark web?
That's retarded because the u.s. dollar is also used in illegal activity, shit for brains.

>How could you ever think that could be the basis of any sound monetary policy?
Lol transactions aren't private. You can get tracked down easily. There are stories of people caught doing illegal shit with their crypto.

>Imagine teaching kids the history of Btc 50 yrs from now. Top kek. You’re fucking delusional
Not an argument. Not even an insult. just random nonsensical babble

>>29666465
Hungry?

>>29652392
Crypto uses too much resources, gold is more practical.
Maybe some PoS coin could take over, assuming the issue is mere hyperinflation.
In a true shtf scenario, gold is worthless, and you can forget about crypto existing, even PoS takes too much electricity, and don't forget about crypto needing the internet to be usable (sneakernet bitcoin is a meme.)

>>29663936
yeah bro im sure elon musk will capture 1 asteroid any day now

It's like none of you tards have ever bought precious metals from dealers using Bitcoin. Amateurs. You can literally swap crypto for metals and never use USD for the purchase.

>>29673795
>blockchains cannot be scaled without sacrificing decentralization and security and they cannot be decentralized and secure without sacrificing scalability
Read:
>but it doesn't need to be fast anyways as it does what it's supposed to. No need for a middleman to settle the transaction either

>>29674273
Anon, please stop being a nigger if you want my permission to comment in this thread

>>29666231
>calling ancient things "boomer" because they're old
>calling others stupid

>>29674545
Gold in the ocean will eventually get mined :)

>>29674749
>bitching about semantics this hard
ngmi

>>29674559
The metal dealers don't actually accept crypto. They use a service like bitpay that converts your crypto into dollars during purchase.

>>29674593
transactions are settled by the miner, the miner is the middleman
when you make a transaction you expect the majority of the miners to settle your transaction because it is in their interest to do so, but they can also tell you to go fuck yourself
that is what 51% attacks are all about, middlemen (miners) blocking and reversing transactions

>>29674142
>1) you're retarded as none of those were buzz words and
>2) I explained how they are not
>Ad hominems are huzz words, retard

You staying that they are insults does not “explain” anything.
Ad Hominems & buzzwords/catch phrases are not mutually exclusive you insufferable faggot. ”

>>29675066
Ya, you're right. What I should be saying is the transaction is the settlement. Not the case with gold

>>29674456
>In a true shtf scenario, gold is worthless, and you can forget about crypto existing, even PoS takes too much electricity, and don't forget about crypto needing the internet to be usable (sneakernet bitcoin is a meme.)
I feel like this is the biggest fud against goldbug boomerism that will never be undermined tbdesu. Precious metals are perfectly fine and functional as hedges against inflation in a more or less functioning economy, but all of their anti-crypto fud boils down to post-apoc doomsday scenarios that would render gold and silver equally worthless. They try to argue for precious metals by laying out the case for homesteading and hoarding guns and preserved food.

If trade more or less continues into the future, crypto stays relevant (if not moreso) - even Africans can manage it in the void left by their dysfunctional governments, after all. If trade dies, your shiny rocks are useless and you should have traded them for more bullets and chickens while you still could, retard.

And that's not even getting into other weird contingencies where crypto actually clearly comes out on top, like how easy it would be to take crypto with you if you had to flee a collapsing country.

>>29675114
>You staying that they are insults does not “explain” anything.
Literally ignore the insults then, ape. I'm not dumbing things down more

>Ad Hominems & buzzwords/catch phrases are not mutually exclusive you insufferable faggot. ”
Doesn't matter in this case, you down syndrome bitch, because I didn't use buzz words. By your faggot ass logic, you calling me a faggot is a "buzzword". Fuck off with your retardation

>>29675301
your retardedness amazes me. see: i have a farm. people come and buy goods from me. i would accept fiat and services and i would accept gold/silver as payment but i would not accept crypto because its BULLSHIT and a SCAM. no argument you will ever bring here will convince me that a blowjob from your wife would not be a better payment for my tomatoes than crypto.

>>29674545
All it takes is identifying space gold before people can start paper trading in it, the gold doesn't even need to land here.

>>29652392
Crypto
>Normies can't use it because they're too retarded
>It's harder to trade than PM's or other currencies if you're in person, works better online
>Will likely dominate any online trades, the most well known ones are going to be the "safe" and "stable" investment as long as you have enough other assets to make it through the crash
Physical assets / precious metals
>Can be traded in person easily, make it easy to buy groceries and shit like that
>Even normies can understand their value, although not a complete understanding so there's plenty of opportunity to scam them, likewise they will inadvertently scam you / each other by not understanding how to calculate the value of what they have
Other currencies
>Will probably work but will take a much longer time to circulate to the entirety of the country, how will you get billions of pounds / euros circulating?
>How will trading in these things affect their value back at home? If their value increases your entire country just got poorer because you have less of them and no money printer for them
>Much easier to regulate and stop the flow of
>You're gonna get jewed by other countries when you start using their currencies.
Really all you can do is hold some crypto and physical assets. I would never start trading for other currencies because there's 10 times more risk involved. Those other currencies should only be used for small day-to-day transactions otherwise you risk them crashing too if their host country fires up the money printers or if people switch to a new preferred currency, thus making yours obsolete and lowering its value.

>>29675675
>crypto can be exchanged for goods and services

>>29652392
No. Precious metals will though.

>>29675691
>paper-trading gold flying in space on an astroid
God I hope somebody finds a way to take money from redditors doing this.

>>29675962
no - i wouldnt sell my goods and services for crypto. no seller - no market.

>>29675947
>>Normies can't use it because they're too retarded
Niggers in Nigeria are already doing it on cheap cell phones for day-to-day transactions.

>>29675301
when I give someone gold in exchange for goods or services there is no middleman, I simply hand it to them
if I want to make online transactions I would gladly trade a small amount of gold for something like something like Bitcoin Cash, I would then immediately make by transaction using Bitcoin Cash, I would not use it as a store of value because of the big risk of a 51% attack on a blockchain with such a large block size
I would never use Bitcoin to store value because it's a 'store of value' that cannot be reliably called upon - there's a big risk of my funds being frozen when I need them and I would never use Bitcoin just to transact because the tx fees are too high

crypto doesn't work well as SoV's, they only work well as risky (risk is very relative, especially with fiat being mismanaged) services that transfer an arbitrary amount of value from point a to point b
that value then has to be taken out and placed into something which is a true store of value and can be called upon at a moments notice with no risk of being frozen (gold)

Satoshi's vision was the right one, current Bitcoin is utter fucking trash
Bitcoin should be cash and nothing else because that is the only thing it ever can be
and you should never store your wealth in cash, you should store it in metals, preferably gold and keep whatever you need for your monthly expenses in cash

>>29675675
>but i would not accept crypto because its BULLSHIT and a SCAM. no argument you will ever bring here will convince me that a blowjob from your wife would not be a better payment for my tomatoes than crypto.
LOOOOOOOOOOL
THAT'S your argument? That you're an old fuck and hate technology therefore crypto is a failure? No one gives a fuck what some NOBODY thinks. You are just an ant. ONE powerless individual. I follow the smart money. I follow where the DEMAND for something is. This isn't retail driven speculation anymore. You being in denial and having a little cry won't change that. You do whatever the fuck you want. Can't teach an old dogs new tricks. You are too retarded to adapt. It's that simple and that's fine. People like you don't deserve shit. I'm out of here. Stay poor.

Americans still have the tattered remains of their precious 2nd amendment. If and when shit hits the fan, in a hyper inflationary scenario, we must consider the 1776 option - destroy the Federal reserve and tyrannical goverment by force.

"the tree of liberty must be watered from time to time with the blood of patriots and tyrants" - Thomas Jefferson

Also, who the fuck sells Bitcoin LOL. Few understand what's being built. If you needed income couldn't you stake your assets for a certain APY?

Scalability is something I don't think BTC or ETH will ever be able to solve. But maybe that's ok if their communities prefer decentralization and security over scalability.

Also, the day when there is no more BTC to mine is a hundred+ years away. Wouldn't be a factor in a hyper inflation scenario in the next 50 years even.

Also also, buying OTC silver mining penny stocks is based

>>29676109
>I
Key word here is *I*.
No one gives a tuck about the anecdotal bullshit of an individual. Demand is not based off of one person. Learn how supply and demand work. Later, loser

>>29675301
when I give someone gold in exchange for goods or services there is no middleman, I simply hand it to them
if I want to make online transactions I would gladly trade a small amount of gold for something like Bitcoin Cash, I would then immediately make my transaction using Bitcoin Cash, I would not use it as a store of value because of the big risk of a 51% attack on a blockchain with such a large block size
I would never use Bitcoin to store value because it is a 'store of value' that cannot be reliably called upon - there's a big risk of my funds being frozen when I need them and I would never use Bitcoin just to transact because the tx fees are too high

crypto doesn't work well as SoV, they only work well as risky (risk is very relative, especially with fiat being mismanaged) services that transfer an arbitrary amount of value from point a to point b
that value then has to be taken out and placed into something which is a true store of value and can be called upon at a moments notice with no risk of being frozen (gold)

Satoshi's vision was the right one, current Bitcoin is utter fucking trash
Bitcoin should be cash and nothing else because that is the only thing it ever can be
and you should never store your wealth in cash, you should store it in metals, preferably gold and keep whatever you need for your monthly expenses in cash

>>29654635
The old currency is worthless but you could probably take it 20 or so years after the crash and sell it as some kind of entertainment piece the same way you can buy 10 billion zimbabwe dollars. If you were to just take a bunch of that "worthless" money and put it in the basement for your kids / grandkids they would make a good amount of money from selling some historical and interesting currency.
>>29676204
Will that happen here or will some other currency be adopted? I just don't see normies being able to crypto trade like that, niggers also understand the value of gold and silver in those countries and are leagues ahead of normies in terms of understanding how to use money since they've been dealing with a worthless currency for their entire lives.

>>29676395
so mr. knowitall. where to buy tomatoes with crypto ? hmmm ? you tell me

>>29676109
do you think you and your tomato farm is the entire crypto market? Would you accept gold in your imaginary tomato farm? Could i conceivably trade my crypto for gold, then buy your exclusive tomatoes with said gold? Or maybe i go down the road to the farmer who does accept crypto and you die.

If the market needed an alternative to shit FIAT I think people would begin to favor secure and decentralized coins like BCH, BSV, DGB, etc that have far better tx/s rates than BTC. There would probably be a period of time where no single reserve currency exists (e.g. Everyone uses gold or everyone uses crypto x), but people will find a way to get paid in non-FIAT, transact in non-FIAT, save in non-FIAT, and invest in assets using non-FIAT.

>>29676395
>No one gives a tuck about the anecdotal bullshit of an individual.
very revealing statement
picrel

>>29652482

>>29677551
>pigrel

Let me tell you a story. There once was a farm that belonged to Mr. Jones. One night, the exalted boar, Old Major, holds a conference, at which he calls for the overthrow of humans When Old Major dies, two young pigs, Snowball and Napoleon, assume command and stage a revolt, driving Mr. Jones off the farm and renaming the property "Animal Farm".

>>29667559
If gold and silver are the only currencies left then that means
>the power grid is down
>the one world government has completely banned crypto
In either or both cases people would be slaughtering each other like pigs at that point in which case you should be browsing /k/ instead of /biz/

They adopt the Seven Commandments of Animalism, the most important of which is, "All animals are equal". The decree is painted in large letters on one side of the barn. Snowball teaches the animals to read and write, while Napoleon educates young puppies on the principles of Animalism. To commemorate the start of Animal Farm, Snowball raises a green flag with a white hoof and horn. Food is plentiful, and the farm runs smoothly. The pigs elevate themselves to positions of leadership and set aside special food items, ostensibly for their personal health. Following an unsuccessful attempt by Mr. Jones and his associates to retake the farm (later dubbed the "Battle of the Cowshed"), Snowball announces his plans to modernise the farm by building a windmill. Napoleon disputes this idea, and matters come to head, which culminate in Napoleon's dogs chasing Snowball away and Napoleon declaring himself supreme commander.

Napoleon enacts changes to the governance structure of the farm, replacing meetings with a committee of pigs who will run the farm. Through a young porker named Squealer, Napoleon claims credit for the windmill idea, claiming that Snowball was only trying to win animals to his side. The animals work harder with the promise of easier lives with the windmill. When the animals find the windmill collapsed after a violent storm, Napoleon and Squealer persuade the animals that Snowball is trying to sabotage their project and begin to purge the farm of animals Napoleon accuses of consorting with his old rival. When some animals recall the Battle of the Cowshed, Napoleon (who was nowhere to be found during the battle) gradually smears Snowball to the point of saying he is a collaborator of Mr. Jones, even dismissing the fact that Snowball was given an award of courage while falsely representing himself as the main hero of the battle. "Beasts of England" is replaced with "Animal Farm", while an anthem glorifying Napoleon, who appears to be adopting the lifestyle of a man ("Comrade Napoleon"), is composed and sung. Napoleon then conducts a second purge, during which many animals who claim to be helping Snowball in plots are executed by Napoleon's dogs, which troubles the rest of the animals. Despite their hardships, the animals are easily placated by Napoleon's retort that they are better off than they were under Mr. Jones, as well as by the sheep's continual bleating of “four legs good, two legs bad”.

>>29676546
Paypal. Applepay. Venmo. Banking apps. Click buy on amazon and it comes right out of your account or goes right onto your card. Buying pretend money on everything from boomer mobile gaming apps to robux. Normie western consumers are already perfectly comfortable with digital ledgers in their day-to-day lives. Most USD already changes hands entirely digitally.

Why does everyone seem to think it's going to be so challenging for normies to arbitrarily switch from imaginary USD amounts to imaginary crypto amounts, when imaginary USD amounts eat shit in value and the institutions running them continue to lose credibility? The only thing that 85-IQ Africans have had in this space that Westerners don't is pressure to adopt the changes faster.

Mr. Frederick, a neighbouring farmer, attacks the farm, using blasting powder to blow up the restored windmill. Although the animals win the battle, they do so at great cost, as many, including Boxer the workhorse, are wounded. Although he recovers from this, Boxer eventually collapses while working on the windmill (being almost 12 years old at that point). He is taken away in a knacker's van, and a donkey called Benjamin alerts the animals of this, but Squealer quickly waves off their alarm by persuading the animals that the van had been purchased from the knacker by an animal hospital and that the previous owner's signboard had not been repainted. Squealer subsequently reports Boxer's death and honours him with a festival the following day. (However, Napoleon had in fact engineered the sale of Boxer to the knacker, allowing him and his inner circle to acquire money to buy whisky for themselves.)

Years pass, the windmill is rebuilt, and another windmill is constructed, which makes the farm a good amount of income. However, the ideals that Snowball discussed, including stalls with electric lighting, heating, and running water, are forgotten, with Napoleon advocating that the happiest animals live simple lives. In addition to Boxer, many of the animals who participated in the rebellion are dead or old. Mr. Jones, having moved away after giving up on reclaiming his farm, has also died. The pigs start to resemble humans, as they walk upright, carry whips, drink alcohol, and wear clothes. The Seven Commandments are abridged to just one phrase: "All animals are equal, but some animals are more equal than others." The maxim "Four legs good, two legs bad" is similarly changed to "Four legs good, two legs better." Other changes include the Hoof and Horn flag being replaced with a plain green banner and Old Major's skull, which was previously put on display, being reburied.

Napoleon holds a dinner party for the pigs and local farmers, with whom he celebrates a new alliance. He abolishes the practice of the revolutionary traditions and restores the name "The Manor Farm". The men and pigs start playing cards, flattering and praising each other while cheating at the game. Both Napoleon and Mr. Pilkington, one of the farmers, play the Ace of Spades at the same time and both sides begin fighting loudly over who cheated first. When the animals outside look at the pigs and men, they can no longer distinguish between the two.

>>29678393
>Normie western consumers already do this
It's just more difficult to access and they'll probably choose something like the "digital dollar" they're trying to make (which they probably won't tie to the physical dollar) or even just trading in other currencies like pounds or euros digitally instead of using cryptos. It all comes down to what new thing they adopt and for them cryptos are something obscure and intimidating whereas euros are seen as something new, foreign, and exotic.

Thats it. Now ask yourself: Is crypto human or pig ?

>>29673505
But I find the way we value Altcoins really interesting.
A lot of times we say that another coin is "bleeding sats" or "don't look at ALT/USD, look at ALT/BTC instead, that's it's real value!"

>>29670585
>guys dont invest into anything internet since it couls all come crashing down by some freak event that would kill more than just the internet but society as we know it.
Fuck someone shouldve told texas

>>29678961
*implying that another asset's value to Bitcoin is just as important as to fiat money

Is CAD safe or should I try to exit out of my FIAT too?

>>29673581
Ill let you in on a secrid, fiat is used to buy those same cp and drugs btw. Oh also internet is used to get drugs and cp so maybe we should shove that under the carpet too

>>29652392

i don't think crypto would have value during hyperinflation, unless it could actually be used for transactions, and the transaction fees are simply too high. if energy costs go up, and bitcoin prices don't rise in comparison, then i suspect miners will simply turn off their hardware, and the network will go to shit.

and if crypto doesn't have value during hyperinflation, don't expect it to have any value afterwards. imagine if we had hyperinflation, and gold became worthless...after the hyperinflation was over, no one would value gold as a monetary metal.

>>29652392
BTC to 1 Million

>>29652646
You don't even gold you fucking retard, you own a piece of paper that says you do. Unless you literally are buying the damn shit and burying it in your backyard you're equally fucked.

>>29680605

maybe when dems raise the minimum wage to 15 million usd

>>29680828

true, holding gold is the only way to do it without counterparty risk, but it's really the only financial asset that doesn't have any counterparty risk. if you're okay with counterparty risk, buy something like PSLV or a mining company with land rights.

bitcoin has an enormous amount of counterparty risk, some people just don't realize it. if miners turn off their hardware, your ledger entry is both worthless and useless.

To my bitcoins
Please protec me from the great reset
Protec me from eating the bugs
Protec my from having to take the chip
and especially protec me from having to get in the pod

>>29679420
the printed even more lol

>>29652482
please be from reddit

>>29652646
>He thinks the price of gold is tied at all to its physical use cases.

Gold checks off every box on the "means of exchange" checklist. However, that checklist was written before computers and technology. It needs a revision. Simple as that.

>>29653449
Honestly, the prospect of the grid going down and me paying a private individual in crypto for fuel... Sounds kinda comfy, no? A pot of soup boiling over the fire, a GameCube linked up to a gas generator, veggies growing in the garden, a sense of security that comes from the fact that everyone in your neighborhood knows each other and owns guns.

>>29664396
Btc is gold. Xrp is the currency standard.

If the internet goes off, and people can't pay for it. It's going to be the end of crypto.

basically, on an apocalypse scenario only the precious metals retards will make it.

>>29652482
this is true see how many newfags here are seething at you
anyone here for literally longer than a year knows that crypto is tied to the stock market 80 percent of the time when its not in a bull or bear market

>>29670585
Not pictured: The part where the goldbug boomer who bought up all the gold beforehand got brutally murdered by the prepper warlord pictured hauling the gold back to the castle he built up around his walled farm.

>>29670045
Have you ever been to Italy?

Looking to play with .10 Eth. nothing crazy. hope i can turn it into at least .25 or so.