/biz/ - Business & Finance

>>52477392
your mom

>>52477392
same thing that gives anything value

Money

>>52477392
Energy bills.

decentralised, factual data and borderless, untamperable movement of money

>>52477392
Retards. Hope. The infinite desire to get rich by doing nothing.

>>52477392
You <3

Its backed up by people running complicated calculations and losing money on energy

frog posting culture

jewish tears and rage : )

>>52477392
Fiat + Tether manipulation

The feds recently found and confiscated all that drug money on silk road or whatever, so claiming it'll keep you anonymous certainly isn't one.

>>52477615
>Was the most Anonymous money with tornado cash

>>52477635
not sure what you mean, was it not BTC?

>>52477656
It was he used a change address from a coinmix and tied it to his name on an exchange

>>52477392
The fact that it costs power to be created.

>>52477392
You would hope the mining incentives play out and it's integrated into the grid.
From there it's used to efficiently allocate energy and gives a base price for kWh at best processing speeds.

It's a play on how gold is what excess labor was used to mine, it works similar with electricity projects and planning.

We really need to see some Bitcoin cities/citadels come about to test this theory at scale

>>52477392
It gets value when people put real money into it, but it doesn't actually earn value beyond that. Whoever cashes out first gets to keep it.

>>52477392
The higgs boson

>>52477392
bag holders

>>52477392
Perpetual (hint, like perpetual bonds) data storage.

The theoretical exchange value based on a market entirely manipulated based on buying and selling through Jewish exchanges.
In short, it's whatever the people who print the bitcoins and hand them out desire it to be.

>>52477878
you can always track BTC eventually, is what im saying i think the feds can do
so no, its not anonymous

>>52478025
Conjoins are anon but there are caveats to using KYC exchanges and shop owners have difficulty using tor so I'd say almost all shops are using some cloud or exposing their IP on lightning.

So it can be anon but it's a pain and it needs a lot of work

>>52477392

Ur mom.

>>52478069
the majority of BTC users then would be fucked if it were declared a security

>>52477392
According to the labor theory of value, the value of a thing is the amount of human labor invested in it. Applying it to Bitcoin, we see that the value of Bitcoin derives from the labor invested in it. Proof of work is a direct realization of the labor theory of value. Of course the "work" is done by computers and not humans, but understand that that work is but transformation of the value of the electricity used (which is the sum of the labor done on the fuel, transportation to the power plant, labor to build infrastructure, etc,) the value of the computer components (which is the sum of the labor done to develop and manufacture it), and the labor of whoever maintains the mining operation.
Indeed quite an enormous amount of labor is done to produce a bitcoin, which reasonably explains the fact that they cost thousands of dollars, and not $0 as is predicted by bourgeois theories of value.
Anticipating an objection from the capitalist parasites in this thread, I assert the labor theory of value is indisputably true, and would remind them that the labor theory of value was accepted by Adam Smith and David Ricardo. Indeed it was the dominant and universally accepted theory until relatively recently.

>>52477392
A greater fool

>>52477392
My insatiable appetite for them.

what matters is how Bit's value increases and adds new utilities with every new project that joins BitDao's ecosystem

>>52477392
selling it to a Greater Fool for more than what you bought it for

same as gold, T-Bonds, etc. it's a store of value. They have value because supply and demand.

>>52477450
most things have a use? What use does bitcoin have other than number go up

>>52477392
all the electricity backing it up

>>52477392
The fact that someone is willing to exchange dollars for it.

>>52477392
Evaluators. All value is endowed by persons.

What gives your shit thread value? Me. You're welcome.

>>52477392
Out of all the cryptocurrencies it's the only one you can trust won't be captured by ambitious developers with grand ideas that are actually stupid as shit. It does what it does and it's users are too crotchety to change it to something else which makes it trustworthy at being what it is.

>>52477392
i used it to buy drugs a few times

>>52478152
Until the marginal revolution, in which it was eternally btfo'd.

>>52477392
>What gives BTC value?
Greater fools.

https://www.youtube.com/watch?v=2Svu3ZZKYGw

>>52478152
So your mom is worth 16k also?