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30367820 No.30367820[DELETED]  [Reply] [Original]

This is a serious question, please help me understand this.

What value has crypto without fiat?

>> No.30367940

>>30367820
As it’s exchangeable for productive output.

>> No.30367986

>>30367820
Crypto can be exchanged for goods and services

>> No.30368076

None, not trolling.

>> No.30368169

>>30367986
But isn't that only because that bitcoin has fiat worth?

>> No.30368192

>>30367820
learn some fucking economics you god damn retard. take "man, economy and state", memorize it, your are welcome

>> No.30368218

>>30367820
I grow corn. I need want potatoes. I can trade corn for potatoes. Or I can trade corn for bitcoin, and I can trade bitcoin for potatoes.

>> No.30368220
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30368220

>>30367820
people think crypto is just bitcoin and it's currency-like features
I think you're underestimating the value of DeFi and other applications. It's currently better the interest I get staking DAI than in any bank and it's actually safer than a bank.

>> No.30368335

>>30367820
On the most basic level, there is no intrinsic or conceptual difference between crypto or fiat. They both have exactly the value you ascribe to them.

>> No.30368496

>>30368076

Not far off from the truth since majority of crypto is traded to FIAT or stablecoins. However, since crypto has shown use in black market too, there would be some value in them still. Perhaps the value of crypto would not be that far away from the original prices at their inception as bubble cycles would be made without FIAT markets IMO.

>> No.30368549

>>30367820
Emma watson is so fucking hot/cute. If i ever die and get to ask God a quetion before being sent to hell or heaven, im gonna ask how its fair everyman doesnt get an emma watson gf. Loyal, likes books, cute omg.

>> No.30368558

>>30368220
digusting smelly borgar bitch. heat hot lead

>> No.30368944

>>30368169
At this point if bitcoin disappeared the torch would be passed to a new king shitcoin. You can't stop it.

>> No.30368976
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30368976

>>30367820
EMMA

>> No.30369012
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30369012

>>30367820
>What value has crypto without fiat?
None
Buy silver

>> No.30369058
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30369058

>>30368944
>At this point if bitcoin disappeared the torch would be passed to a new king shitcoin. You can't stop it.
It stops the instant Asia dumps the dollar and says, "Sorry, if you want our oil, our goods, our commodities, you'll pay gold for them or you'll get nothing--no shitcoins accepted."

>> No.30369096

>>30368549
>got molested by projewcer
>hates men now
>won't stop bitching
>aging like a raisin
Yeah no thanks

>> No.30369116

>>30368976
no that's richard dawkins

>> No.30369186

>>30367820
I would do gay things with that man

>> No.30369256

>>30368218
Why would someone accept your bitcoin? Who is the end user of bitcoin?

>> No.30369403

>>30369256
They want apples, and the guy selling apples accepts bitcoin

>> No.30369431

>>30368169
Crypto will replace fiat, Bitcoin or not.

>> No.30369481

>>30367820
What value has fiat without value?

>> No.30369573

>>30367820
that's a man

>> No.30369584

>>30367820
governments can keep printing fiat devaluing the currency to keep its utility, by investing in the right crypto, you're hedging against inflation

>> No.30369635

>>30369431
You'd need to replace governments first.
Right now, trying to sell oil for crypto is a good way to get drone striked.

>> No.30369783

>>30367820
The Pinakion token is needed in order to vote on cases, the value of each token goes beyond money. Each token represents JUSTICE; fair incentivized voting via Scheling Theory.

In the future when the global economic system collapses arbitration will be done purely through Kleros in an anynomous, decentralized manner.

>> No.30369840

>>30368169
Your frame of reference for value is exclusively in USD. Your brain knows the value of 1k usd rather than .04 btc. In time ideally as usd dies everything will be in reference to sats

>> No.30369911

>>30367820
if fiat goes completely something will replace it, crypto can always be measured by whatever's replaced it. The price/demand for it would crash surely but unless all infrastructure dies crypto won't be worthless.

>> No.30370038

>>30367820

crypto has no value (it can't "do" anything), what it does have is a price.

the biggest stumbling block i see is that governments/companies wouldn't be able to sell bonds that pay out in a finite blockchain, and people wouldn't agree to any loans in a finite blockchain.

for crypto to replace fiat, governments would need to accept it for taxes, it would have to be viable for a bond market (you have no idea how big the bond market is), and the supply would need to increase at some rate.

for reasons i won't spend much time on, the functional bitcoin supply can increase (as there's no limit to the number of bitcoin blockchains that can exist), but that's not a very elegant solution. it would be much better to have a blockchain that can scale with global production changes.