/biz/ - Business & Finance

The irony is that most of the posters on buttcoin have no idea how the technology even works so when they try to fud it they spread lots of false rumors and hearsay from other retards. Most of the "tech" people there who pretend like they know what they are talking about usually just parrot articles they've read and don't understand why something does or doesn't apply to bitcoin.

also lol lmao, almost everyone shat on the internet in its infancy. DOES RADIO RING A BELL? These faggots will use crypto without knowing it one day and when that day comes they'll say it's different even though it's not.

>>54672474
It's over bros... I've just sold all my bitcoin for a ESG blackrock fund.

>>54672474
That mod is literally the worst mod on Reddit. I’ve never met such a whiny and horrific shithead before, and if anyone can think of anything terrible to do to him - I’d be all for it.

>>54672474
>that entire post

>>54672502
>most of the posters on buttcoin have no idea how the technology even works
Not true. They know it better than you do. Blockchain "tech" is notorious for being useless dogshit among the technically savvy.

>>54672520
Indeed

>>54672474
Buttcoin didn't used to be anti crypto, just anti fanaticism. They've kept moving further and further away to the point where they're now proudly ignorant of any positive aspects of crypto.

Holy cope.

>>54672769
>knowing mods on Reddit by name
>browsing Reddit at all
why

>>54672835
It is useless dogshit for most all applications, but it is indispensible for the niche ones it excels at.

>>54672474
>No, we aren't butthurt we couldn't make tons of money off crypto
>No, we're not bitter, salty or jealous of any of you people
Isn't this the entire reason for this subr****t's existence?

>Prove me wrong.
>No, that doesn't count.
>I don't believe that.
>Source?
>Not that source. A TRUSTED source.
>Not that source. A VERIFIED source.
>Not that source. A MODERN, CUTTING-EDGE source.
>Not that source. A HISTORIED, WELL-DOCUMENTED source.
>No source? Typical.
>Moving the goalposts? What do you mean?
>Try again, sweaty.
>You're not allowed to say that! MODS!

>>54672835
>t. midwit

>>54672474
>reddit
>btfo

Pick one

>>54672934
>no argument
lol

One thing I have learned is that people on the left side of the political spectrum today literally cannot conceive of anything that does not come from the government or given the stamp of approval by the government. This goes double for "money" that is that generated outside of the state like crypto. Like no atter how much they read and study it they literally cannot understand it or get it. It never "ciicks." That something has a valid existence outside of the state is literally impossible to understand for them.

>wowzors! Reddit thread! Yikes!

>>54672474
>No, the FED isn't simply "printing USD out of thin air"
>No, we aren't butthurt

Also these "people" cannot extrapolate. They cannot grasp that everything starts small and on the margins before it becomes the dominant paradigm. If it is not the dominant paradigm currently it does not exist and never will be. Leftism is literally some kind of memetic malware that makes the unfortunate hosts literal retards. It is odd.

>>54672835
>Not true. They know it better than you do
I can tell you have not spent much time in their echo chambers.

>>54672953
>Not true. They know it better than you do.
>among the technically savvy
>technically savvy
Not a valid argument
kys

No, we aren't butthurt we couldn't make tons of money off crypto

>>54672474
I post my own articles on Buttcoin so they get more page views. It's just too easy to rage bait. You just post a normal neutral article and give it a ridiculously combative caption, like "look at this delusional shitbags haha"

>>54673020
>>54673034
They know the tech, you fags don't. Simple as.

>>54673080
There is no way to counterargue this nonsense statement that's unfounded. I've been in crypto since the beginning, most of them don't even know a single bit about it.

>>54672474
Looks like a big list of cope to me.

>>54672864
That's just what redditors do.

>>54672474
deep bagholder cope

>>54672474
Btw their main argument for why the US cant turn into Zimbabwe is China and Russia etc use it as a reserve currency, so since China and Russia now dont use it as a reserve currency and numerous other countries dont they have nothing.

>>54672792
this

>>54672474
Wasn't Buttcoin created in 2011?

>>54672474
They're butthurt for sure, all those years they spent bitching they could have been millionaires. They banned me for saying that some years ago.

>>54672863
AAAAH reddit, the embodiment of blaming someone else for their choice.

>>54672474
But the fiat I made with crypto is real.
Checkmate.

>>54672863
absolute kek. What a fucking pussy.

>>54672863
probably the most iconic reddit reply thread

>>54672579
This. Blackrock is looking out for my good and not some stupid C code

>>54672863
...Did he cash out?

all right apart from them not being salty
imagine actually spending time hating something that would have let them retire a couple of years ago

>>54672474
Both the cryptotards and this retard are brain damaged.
>yes, everyone in crypto is in it for money
>no, its not the worst thing to ever exist that's going to decimate rainforests
>no, it has no practical uses
>yes, it's basically gambling with better odds
>no, [insert shitcoin here] is not going to moon because of your 5000 bullet points copied from the last failed coin
>yes, you can make big bucks off crypto and be happy about it

>>54672474
>no we're not bitter, salty, or jealous
>no, what makes you think we're poor

We'll see how smug all the faggots ITT are in 3Q2023.

$10k is programmed.

>>54672863
damn, imagine being that poor and mad. couldn't be me lmao

>>54672792
>he actually read the post
Ishiggy

>>54673080
>>54672835
I’m sorry but what do they know lol? They know how to code, that’s it. If any of them were so competent why can’t they crack ASCII or better yet create an alternative to blockchain? They will legitimately argue that SQL is just better just because and anything devianting from that is bad. I almost 100% believe buttcorn people are a psyop to fuck people over out of gains

>>54672863
>If it's a reddit post it must be true! There's no way someone would lie to troll on reddit the same way we notorious 4chan hackers do!
This guy appears to be a turd world e-hustler anyway

>>54672474
Like at least 90% of these points are unironically untrue though. Demonstrably so. This is not just incorrect, it's actually the direct inversion of the truth.
How the fuck are these people real?

>>54672474
it's like arguing with the flatearthers.

>>54672474
Holy shit they’re stupid as fuck, the fed does print money, they are children over there

>>54672474
>No were not bitter salty people
topkek

>>54674683
>the fed does print money
No, the banks print money.

>>54674683
This. I believe Jerome Powell literally said "We create dollars out of thin air".
Just off the top of my head that's one of their claims which is actually the opposite of what it ought to be. Literal, unironic disinformation.

>>54674596
>This guy appears to be a turd world e-hustler anyway

I can't do it so it must be a Russian bot!

>>54674564
>They know how to code,
You are so naive, they dont know shit

>>54672474
I looked through this guy's post history and it looks like he's been on a crusade against crypto for years, does he do it for free?

>>54674957
Why are they like this? These people are free to not get into Crypto, but the way they HATE it and everything about it is really strange. It makes me want to buy more Crypto.

>>54672474
Just ask them what a zero knowledge proof is.

>>54672792
This. I stopped part way through. Its clear someone seething

>>54672863
>40k
>privilege
So many losers on that website. If I was rich enough Id have it shutdown. No not a buyout, just push in legal rules thatd shut down such a site

>>54672474
WE ARE NOT SALTY OKAY, JUST INVEST YOUR WHOLE LIFE IN THESE 5% A YEAR INVESTIMENTS WHILE IN AN ECONOMY WITH 20% INFLATION

>>54672474
That AmericanScream redditor is a literal fed, the guy glows so hard.

>>54672474
>the fed isn’t simply printing USD out of thin air
????

buttcoin is heavily coping with the can't-cash-out meme. they think there is no way to cash out and all the prices are fake. its hilariously stupid. its obviously none of them have used it.

>>54675112
my favorite is ENJOY PAYING TAXES lmao yes why thank you i did enjoy paying 20% and knowing i got to keep 80% of my massive profits.

>>54675099
technically true, the fed prints it DIGITALLY, not LITERALLY. the treasury literally prints it. lmao

>>54672474
>they don't know i've been DMing their users to get them on discord servers where i convince them to join my patreon so i give them weekly "finance classes" that are mostly full of lies and made up shit.
I've used this to fuel my gambling addiction and made 32k on Pool Party so far. This is the way

>>54672474
>No, inflation isn't going to make the dollar worthless
The hubris. Kek

>>54672474
To these people there are absolutely no benefits to bitcoin or even blockchain technology? A bit ignorant and arrogant

>>54672863
Dude if this guy posted this dave ramsey shit here he would’ve been attacked relentlessly and I say that as someone who believes we all make our own choices and are responsible for our lives

>>54675019
kek based

>>54673178
I think the country will experience a severe decline and ultimately no longer be the empire it once was but there are too many whites here for it to turn into venezuala or even zimbabwe.

>>54672502
literally everyone and their dog knows how blockchain works by now, it's not that deep

>>54672863
>Lives in absolute poverty making nearly minimum wage
>Seething redditors screeching "SEE! PLACE OF PRIVILLAGE!!!"
>"Why don't you just flat out tell poor people it's their fault that they're poor, because that's what you basically did."

>>54675237
Not on buttcoin. They don't know what a hash is, they don't know what a seed is, they have no idea about anything and just ree and seethe about muh jpeg this and muh hack this and consistently tell each other how it works in an obviously misinformed manner.
You know that retard who keeps saying shitcoin to the moon next bitcoin infinite billions genius and really truly believes it? They're that guy, except inverse. They have no fucking idea what they are talking about.

>>54672502
>>54675237
bitcoin isn't innovative from a CS perspective though, its a finance or social innovation. People get way too deep in the techical specs and think they understand it but completely miss what bitcoin actually is.

>>54672474
the soi-infused salt is unreal

>NOOOOOOOOO NO NO NO STOP!!!
>YOU CAN'T SPEND YOUR MONEY LIKE THAT!!!
>YOU'RE NOT ALLOWED TO FIND ALTERNATIVES TO THE FINANCIAL SYSTEM YOU'RE ONLY SUPPOSED TO TRADE WITH GOVERNMENT TOKENS
>THIS SHOULD BE ILLEGAL

>>54672863
This seemed fake as fuck

>>54672964
>That something has a valid existence outside of the state is literally impossible to understand for them
Interesting. I initially thought it was jealousy, or environment, or just not understanding, but I think you're right.

>>54672964
>>54675432
They struggle with intangible value. They understand fiat because either muh military meme or because of taxes. Some of them think taxes are the only thing that can give a currency "real" value and make it "real" money. But for some reason private entities offering value in exchange for a certain currency isn't the same thing. For some reason taxes are special, I guess because if you don't pay you get arrested and locked in a cage. So they are very concerned about physical strength, militaries, law enforcement, hat's "real" enough for them, but other types of value are "fake." Its "big stick" cavemen instincts.

>>54673143
/thread

>>54675296
My last btc tx took 43 minutes and cost $21.
I have been in btc since under $3.
It used to take over 24 hours often to transfer.
Ten years later 43 minutes is actually SLOWER than 24 hours relative to the speed everything else has advanced.

>>54672474
not going to read the rest of that, what's the contract address for Satosh-E-Cheese?

reminder the people like ghislane maxwell, the israeli agent partnered with the hollywood human trafficker, were professional reddit posters and moderators

>>54672835
Salesforce Solutions Engineer at SAP chiming in

>>54672474
Buttcoin is just cringe nowadays. Only filled with noobs who lost their shit in 2021. Zero understanding of anything.

>>54672474
These guys spend more time analyzing crypto than I do

And they do it FOR FREE

>>54672474
normies that believe any of that deserve what's coming for them. Let them believe, let them all suffer.

>>54672474
>yes some crypto is just like stock. staking for dividents and governance for voting. some crypto has service, so yes that makse crypto just like stock
>no bitcoin is different and no they are basically all different. some are clones but 90% of crypto are not. and no tokens are not crypto.
>how can it fail, if it works? i know this guy must be low iq but what the fuck. salty much?
>dollars is alredy worthless. go buy a house. you cant? i can because i dont use dollars.
>hes right for ones. CBDC is not crypto.
>here he is kinda right. its the banks.
>yes america is goingto stay america. thats just not a good thing. to 1/3rd of the word usa is developing country
>it seems that they are butthurt
>it actually seems like they care and are salty.
>denial
>africa is not. its continent and there are 54 countries. this must be hard for americans to understand there are many countries that has normal people using crypto, because its only option or better than government issued. and some governments thinks of theyr people and try to make crypto legal thing, unlike usa.
>thats stupid. there are cases of crypto fighting democracy. canadians had that truckrally thing just few years back.
>sounds like "it's decentralized!" has been statement not and argument when this guy didint know what hes talking about.
>whole text is salty.
>no company has exploited crypto idiots. other than exchanges.
>ok so there must be nothing innovative about any coding at all.
>when someone gets angry about money and call other people names they are not that smart. i would say writer of this is somewere 105-110 IQ. he thinks hes better than others when he works in walmart kind of environment but he gets mad when some "lower" employee got money from crypto. fact is that there are lot of people who are smart but too young to have made any meaningful life choises and they are working under this kind of people. these smart people see opportunity and take it while this kind of people get mad.

Who the fuck cares? It's reddit. Everything they say is cringe

>>54672863
>>54672474
>>54672926
>>54673080
>>54675358
>>54676439

old /biz/ post, you can find it in the archives and on IPFS, forever immortalized in the blockchain:
ipfs://bafybeihzes6zmgzr5gesrbf7uzpq2nwpqo6ypcegmsp63rxe7mk5yk46am

posting it on my next reply

>>54676467


Reddit is full of people that "did the right thing" their whole life. They turned in their homework on time, they went to bed at curfew, they ate their vegetables, and now that they're adults they put money into their 401k, get an annual physical, and follow all the social rules about what you're supposed to think and do. But they haven't been rewarded for it. The implicit agreement for "doing the right thing" is that you will be rewarded for it down the line, and people who don't do the right thing will be punished. And naturally this sort of compliance leads to very mediocre people. They aren't rich, they didn't get the girl, they aren't cool. When they see people succeeding by doing the opposite of what they sacrificed to do, it angers and confuses them. It's not right that we should make money on shit coins, when they are struggling to pay their college debt. It wasn't fair that PUA guys got pussy when theres a nice guy redditor waiting to hold the door and pay for dinner after youre done fucking her.

Getting rich off of crypto isn't supposed to be how it works. You're supposed to do your homework, go to a good college, get a good job, and slowly pay off all your debt and a 30 year mortgage so you can retire at 65. To them, we're cheating and we should be punished for it.

Their strategy in life is compliance. Thats what they do in every aspect of life, look for authority and comply with authority. They believe if they comply hard enough, they'll be rewarded for it. So whenever anyone doesn't comply and they get rewarded for non compliance, it causes cognitive dissonance, envy, and anger.

<CONT>

Everyone has heard of the fight or flight reflex to danger. But not as many know there is a third strategy called "freeze". Rabits and other prey animals have an instinct to freeze when they are in danger in the hopes that by being very very still the predator will overlook them. Thats what redditors are, they're prey animals that freeze in the hopes that the hawk will take a different rabbit and leave them alone.

>>54676477
>>54676477

>>54676467
>>54676477
>>54676488

archive link for the post:
https://archived.moe/biz/thread/44842016/#44842442

>>54672835
oh yea, except the entire rust community, they're not savvy enough, amirite

>>54672474
Buttcoin and bitfinexed got into my head and I never bought back in after selling in 2017 and I missed the next bullrun. Was convinced tether was going to blow up.

>>54672769
Honestly, I’ve debated offering a (1) btc bounty per doxx, of all mods on buttcoin/cryptocurrency/antiwork/politics/twox

>>54672926
You forgot the new one...context? Context? Esp to the large amount of vids of nig crime on the internet rn

>>54672502
name one inaccurate "fud" spread on buttcoin. oh wait you cant

>>54672520
>dae le early internet
>no wait i meant radio
you cant even make up your mind about what your argument is mainly about you braindead retard

>>54672882
>for the niche ones it excels at
like crime and what else? oh that's it? alright then

>>54676658

>>54676762
now let's hear from someone who isn't clinically retarded

>>54672474
>>54672792
>>54672968
>>54672998
>Here's a list of things I don't like
>1. No,

>>54672474
No sounds like they are just retarded.

>umm here's one guy that gambled and made 4 million dollars so crypto has value
crypto baggies kek

>>54672474
>no inflation isn't going to make the dollar worthless
Hahaha wtf

>>54672964
They're just by and large ugly, bitter losers who can't figure things out for themselves, which is why they constantly appeal to authority and heavily resent people who are self-reliant and autonomous. Reminder that the chudjak is emblematic of the average leftist.

>>54672474
Crypto isn't preserving democracy or fighting fascism?
Basado

>>54676477
They did get rewarded for it -- with wealth. Ponzi schemes don't generate wealth, only poverty. When you're older you'll understand the difference.

>>54674704

You’re a fucking moron only central banks can print money. That’s the Central Banks main power globally idiot, printing money to sell and buy assets

>>54677114
>only central banks can print money
Wrong, mongoloid. Only private commercial banks can print money. Read a book some time.

>>54672474
Anyone who types in this snarky reddit style should be dragged out of their home in the middle of the night and minecrafted

>>54672474
very interested to hear the arguments behind 5 and 7 that have been "debunked" a thousand times

>>54672474
The insufferable reddit fag can't go one minute with out threatening to ban. It's what he lives for.

He should be glad I'm busy trying to take his money or I'd just be swatting him. If I paid taxes, I'd be super pissed they're not going too shooting him and his dog. Hence I don't pay taxes. Not a cent to a government that isn't putting bullets in mod's brains.

>>54672835
> No U

>>54677116
banks only create credit, retarded DiMartino parrot
the money the fed creates goes in the hand of bond issuers
that money is printed out of thin air and exchanged for assets in their balance sheet

retarded monkey parrot who watched a "the fed doesn't print money" video

>>54677338
it's his only power in life
>I will ban you
as if you could not make another account in seconds
or as if anyone needed to be there
most guys who make fun of those retards only post once and never come back, they will never know they were banned

>>54677433
No clue what "DiMartino" is or what on earth you've been smoking. Only commercial banks have the power to create money. Read a book some time.

>>54672863
>living for dirt cheap is an opportunity

keke

>>54672474
Lol Buttcoin posters are just stock owners who can't cope with their poorfaggotry and their stocks are just as much of a ponzi scheme backed by fake printed money

>>54672863
Reminder to never take advice from reddit. Most of them are absolute failures who believe becoming successful is impossible.

>>54676593
Do it

>>54677532
>when you buy a treasury, the money does not go to the issuer
you have brain damage

Imagine being so butthurt about missing out on crypto you dedicate half of your crypto "debunk" list to saying you are not butthurt. You cannot make this shit up.

Most of their "facts" were wrong too.

>>54672835
elaborate, please.

>>54672474
I like how he had to say he's not butthurt twice (he is) just in case people didn't believe him

>>54677532
shut up retard

>>54672474
>No, the FED isn't simply "printing USD out of thin air"
Legitimately get angry when subhumas defend reckless financial policy. You'd think this would be a bipartisan issue where we could all come together and condem the oligarchs who are shifting absolutely all of is except the banks.

What level of buck broken do you need to be on to defend the fucking FED?

>>54678348
Shafting absolutely all of us ** rage typed

>>54678045
They've been doing this for 10 years now, they didn't miss out on crypto once, they missed out at least 4 times

>>54672474

the only thing reddit has ever blown out is their asshole when it prolapsed

>>54674874
>if some schmuck said this and that it must be true

>>54672863
https://www.reddit.com/r/Buttcoin/comments/81z7vi/rbuttcoin_vs_4chan_biz/

Thread is somehow still up lol.

>>54672502
>The irony is that most of the posters on buttcoin have no idea how the technology even works so when they try to fud it they spread lots of false rumors and hearsay from other retards. Most of the "tech" people there who pretend like they know what they are talking about usually just parrot articles they've read and don't understand why something does or doesn't apply to bitcoin.

>>54672474
reddit wont exist in 100 years
bitcoin will exist in the next 1 billion years.

>>54673005
I love the fact thre is nothing they can do about crypto.

they can't change 2+2 = 4.

>>54679018
That's why they teach 'common core' mathematics now then

>>54675674
speed is not the point.
use LN for your low price pruchases
on chain btc is for your house, juristiconal arbitrage, nuc sub, proof of a countries liquidty

>>54675674
No it isn’t. Think about how long a purchase will actually take to clear your debit card. Shit will be “pending” the next day.