/biz/ - Business & Finance

>>49437933
Fiat is bad money. Bitcoin is good money. Bad money has no bottom. Good money has no top.

dyor, kiddo

>>49437933
gold has value due to its properties. same goes for bitcoin but with different properties. understand this and you will get it.

most shitcoins will lose against btc in value over time.

>>49437933
Bitcoin can scale larger than Visa and Mastercard combined.
It is Turing complete and fully programmable with smart contracts and therefore makes any other chain obsolete.
BTC is not Bitcoin.

>>49437933
it's an energy technology. the ability to sell energy globally without wires, regardless of time and location

>>49437969
>Bitcoin is good money.
>>49438016
>bitcoin's valuable but with different properties than gold.
>>49438037
>>49438077
What a joke of an argument, from all of them. Bitcoin maxis really are the most unaware and retarded people. Don't take this idiotic advice >>49437933 , they'll just dump on you when an opportunity is presented.

>>49437933
Only coin you can trust long term because people proposing changing any of the following will be bullied by the btc community. This is a good thing despite the eth maxis that think the problem with money today was that it didn't get enough app updates

>21 million max supply
>no leaders
>PoW mining
>predictable emission schedule

Amost all other coins just listen to their leadership and can't produce any guarantees that they won't be changed in the future to meet the needs of smaller group of holders (usually the wealthy ones)

>>49437933
muh energy (can be irreplaceably cracked with quantum computing, old wallets need to manually move their coins to quantum secure wallets meaning satoshis coins will be lost forever or every government on the planet will put multiple levels of ip and software tracking when satoshi attempts to move his coins to a quantum secure wallet)
muh decentralisation: actually well done bitcoin, the small block was a good decision to allow any device to run a bitcoin node and contribute to decentralisation, here have a trophy
muh method of currency: each transaction takes 30 minutes so is worthless
muh lightning: it has 10 times more nodes than bitcoin itself. wow lightning is super duper decentralised. or the real reason is 1 company runs 95% of nodes. you know this shit is literally more centralised than binance. but boomers don’t care as they can’t code.
muh premine: its widely published that less than 10 whales from pre 2010 own 90% of bitcoin. bitcoin is stealth mined with a veneer of public availability (just join an obscure mailing list no one had ever heard of where the original bitcoin email was read by less than 10 people)
muh deflationary: supply caps mean old whales will hoard all the coins. you’ve essentially pushed the greedy boomer to 30 years in the future. people will start complaining evil 2009 boomers control all the bitcoin and it’s an evil jewish conspiracy. every other coin meanwhile has figured out that inflationary is the way to go as brand new massive whales can arise every decade and control the space as they see fit reducing the criticism of their coin as a boomer chain and ensuring value is given to the coin holders through generations