/biz/ - Business & Finance

Hey

>>55235752
Why do we need Bitcoin for that? Could just used Gold or Silver. If Bitcoin can't scale then it's a failure as a currency.

>>55235803
Convenience. Easyier, more cost effective less risk and faster to settle, and trustless

>>55235752
i cant basically all payment methods are being declined

>final warning
>2010 Finney post

>>55235752
You knew someone was serious when they used their real name on a forum

>>55235842
It's bait. It's not like btc is not getting fucked by a stagflation. But it is going to be less fucked than stocks, bonds and paper ious on pm

>>55235803
Idiot. Gold is worse in terms of scalability.

Bitcoin has become as tamed as silver. It will barely keep with inflation from now on.

>>55235883
What are talking about? Bitcoin has crushed inflation and that trend will continue, as all dollar derivatives such as bonds begin to melt away.

>>55235752
I have a little over 5 BTC. Am I gonna make it?? I could trade all my other crypto to have 32 BTC.

>>55235878
no, it's not.

>>55235925
went -80% in the worst inflation in 40 years, cope

anything that's "backed" will inevitably be corrupted or fractional'd into pointlessness

sats or nothing

>>55236006
Wtf are you talking about, cope? I've been holding bitcoin for 7 years, I'm way ahead of inflation and those that buy today will be ahead of future monetary debasement, which is only going to accelerate. It's just simple math.

>>55235834
It’s not trustless if you trust the bank to back it. It’s the same thing as we have now

>>55236117
>and those that buy today will be ahead of future monetary debasement,
no they won't, this ponzi is done. good luck finding new suckers to buy your bags.

>>55236128
Buy my bags? Mfer, I'm never selling. I just sold a motorcycle, told the buyer I only want the corn. After one confirmation, I handed him the keys, on a holiday. Bitcoin just works and works well.

>>55236474
>Bitcoin just works and works well.
yeah when it's just like you using it. in an actual emergency if people tried to rush into Bitcoin you wouldn't be able to do jack shit on the network, just stand there with your dick in your hand, maybe after 2 years your transaction will go through

>>55235752
This is what XRP exists for dumbass

>>55235988
How long does it take to send gold to the other side of the planet and verify its authenticity? Longer than 10 minutes?

>>55236508
Gold is scalable because everyone in every country in the world could transact in gold every day if they wanted to, actually they used to for centuries. As for your question, don't need to send the actual Gold, the world operated on gold backed currencies for decades, it works very well.

>>55236481
Just high priority and the txn goes through. I'm not taking about buying coffee here.

>>55236508
Or just imagine selling a car and some ghetto looking mfers show up with gold. What are you going to do, pull out a test kit and scale? Then you verify it and what? Throw it in the vault you bought at Costco? Lmao, the state of gold fags.

>>55236127
>trust the bank to back it
You can literally see their wallet balance so you can know if they have it or not

it's over for btc, they are taking down all the big exchanges now
too risky for new people to enter now, sell it while you can for the best price

>>55236557
>world operated on gold backed currencies for decades
Throughout all human history, gold-backed paper has been battle-tested for ENTIRE DECADES, that's why it lasted so long without being subverted

And yeah retard, I'm gonna lug around my weight scales, my specific gravity test apparatus, and a pouch of gold and silver to buy everything from a coffee to a house without getting robbed, not to mention all the commerce being done online now.

>>55235803
Indisputable ledger, no fake bitcoins exist.

>>55236641
>>55236641
>Throughout all human history, gold-backed paper has been battle-tested for ENTIRE DECADES
and it still fails everytime, politicians blow up everything regardless of what it is with their greed

>>55236641
you're saying that, but it's not up for debate that for all of human history, except in the west from 1971 to now, gold/silver have been currency.

>>55236641
>Throughout all human history, gold-backed paper has been battle-tested for ENTIRE DECADES, that's why it lasted so long without being subverted

Gold backed paper was subverted from day one and it never worked to begin with. Nixon dropped the charade in 1971. Gold backed doesn't work and will never work. Tell me whose going to audit everyone's gold supply?

>>55236670
>>55236686
It was sarcasm you autists, Christ

>>55236679
And for all that time we didn't have computers or a global digital economy that require a digital currency. Also debasement & forgery of precious metals was as much of a problem as inflation is now.

>>55235752
This nigga died of ALS lmao imagine leasing to this nigga like bruh fu that Stephan hawking goofy ah

>>55236686
>This

Have any of you rock collectors actually opened up a gold bar? What you find inside might be shocking.

>>55236752
im buying old coins, bars are for plebs. every sale is registered
buying bars is asking to get raped by the feds

>>55236752
Do you know who any of the BTC devs are?

>>55235752
>Bitcoin going to da moon!!!
>USD going to crash any day now!!!
Imagine being this delusional.
The bank bailouts work and now everything is chugging along again.
Meanwhile, Bitcoin is still down 62% from the ATH 2 years ago.
You and that snail thing that posts on here everyday keep on dreaming.

>>55235803
gold is not digital

>>55235803
Bitcoin can scale via ICP ckBTC you retarded nigger

>>55236686
Ticker, chainlink

>>55235803
>Could just used Gold or Silver.
It's banksters jews you are talking about. They hate real money more than anything. They'd try to instaure dogs' shits as reserve currency before gold/silver.
A digiscam to back up another digiscam in multilayered scams is all they ever wished, OP post is the jewish mind in all it's speculative horror. Completely disconnected from reality, completely absurdity pushed to it's limits.

Imagine trying to explain this to a normal human being not polluted with the (((modern economics))) virus. I'd feel so ashamed lol.

>>55236127
Is that jew serious

>>55237242
It's always jews

>>55237242
A normal human wont understand how his phone works you stupid chud. You are not any smarter than the average 4channer

>>55237242
>/biz/ created for bitcoin (something which actually goes up)
>goldschizos come later with their heavy bags
>"h-hey, the CMC squeeze any day! Gold to 20k!"

>>55237124
>my centralized shitcoin fixes this!

>>55235803
>Could just used Gold or Silver
+1 for mentioning Silver at all. The usual arguement I make is PMs are manipulated even more so than fiat. Silver is particulary low in price and has been for decades.
>Gold is scalable
no its not, silver is. Gold is for rich people high dollar amounts and silver is for most transactions. I think the problem here is you imagine it was just better because it is physical. There are certainly issues of manipulation with btc. The issue with gold/silver is we have already wasted our shot on that scam. You have come out with a new scam that hasn't ripped everyone off yet. Gold has failed so many times. Money is 80% psychological confidence game.

>>55235752
Kys bitfuck. This is an XRP happening. S&H

>>55235803
>Why do we need Bitcoin for that? Could just used Gold or Silver.
Do you know the history of money and how it works? A sound currency is one that has a high stock to flow ratio. Gold has this property (silver doesn't), which is why gold was used as the basis for currency for many many years.
Eventually instead of using physical gold for every transaction (quite a laborious thing to do considering how heavy gold is), they started using the gold-standard (ie. the gold no longer had to be moved for every transaction, instead dollars backed by gold were exchanged for each transaction). This was done under the condition that the money could be exchanged for the gold at any time. Kinda works for individual citizens but what about central banks that want to settle their transactions? They'd have to transfer tons of gold thousands of miles across land or sea whenever they wanted settlement. In addition to costing a lot of money, it's also time-intensive.
Bitcoin also has a high stock to flow ratio (much higher than gold's, mind you). However, another advantage of Bitcoin is that it is much easier to complete settlements with it than with physical gold (you can settle millions of dollars for a tx with an overseas counterparty in minutes, compared to weeks for gold). Add in the fact that it is extremely easy to verify the authenticity of Bitcoin compared to gold, and it becomes extremely obvious why Bitcoin works much better than gold to be used as the backing of money. ie. Bitcoin Standard > Gold Standard.

>>55240190
Take your bot posts back to where you came from

>>55240190
Bitfucks don’t understand clearinghouses ahahahahahahahahahahaha

>>55235752
I'm not just about that BTC life. I'm diversifying my portfolio and securing my other assets like Hbar, MNI, ETH, Kava, and ATOM. Trust me, by 2025, my portfolio is gonna be greener than ever. Anon, we're gonna ride that wave.

>>55235752
hes wrong. You will see how wrong he is in the next few months.

>>55236508
Takes 1 day, it is called hawala hundi. People have doing this for centuries.

And to verify its authenticity takes 2 minutes.

>>55240190
>stock to flow
nobody tells him

>>55235752
>They can work like banks did before nationalization of currency
lmao anarchists are completely ireedemable in their completely lack of understanding of money

>>55235803
Cause I can wrap a lead bar in gold and there's a good chance no one will notice.

>>55240519
explain

>>55240519
No, they are the only ones who get it, on an international level, on a national level, they have their blind spots due to idealism, but since when does money really matter on a national level?

>>55240403
You know right Anon. BTC is great to hold but there are other assets that'll do more Xs than BTC in the next bull run and I'm all in for privacy tokens like Dash, Sylo and Firo.

>>55240819
You need to fuck off and unironically kys. Or most likely going to do it anyway when the knife comes down

>>55235752
>This is your final warning.
Two weeks and you will be a millionaire.


BTC predictions are like global warming predictions that fail to happen. After while everyone just kind of laughs at you and wonders why your still speaking.

>>55241021
You are really going all out with weak nlp. Feeling the heat merchant, good, hope you burn to a crisp

>>55241057
I am good. I will be one taking your home's and car's. Debt Collecting is a full time job but for me it's a rewarding hobby.

>>55235752
BSV solves this shit take on bitcoin

>>55235752
>he still thinks btc isn't the biggest normie honeypot

>>55235752
Final warning!!! Two weeks!! Please subscribe!

>>55241083
>Power fantasies
Kike it's time to go back to Israel or commit suicide

>>55235803
Ultimate transparency. No more leaded gold bars, no more fractional reserve bank scams.

>>55235752
Why would the banks and powers that be just copy paste Bitcoin code and start a Bitcoin 2.0? Why do they have to use this Bitcoin?

>>55241120
People get upset all the time but when Debt exist people like me always collect.

>>55241165
Hitler was right was posted over 6 gorillion times online last year, fyi.

>>55241235
I'm Basque, not a Jew.

>>55241165
Get back to Israel. Because your choice by now is being beaten to dead by wild American niggers, spics and angry whites or surviving in Israel and only being enslaved by Arabs

>>55241269
You are dead. Spain is fucked beyond all hope and Basques will have a bad time

>>55241281
Spain really fucked up, and mod-sama is going to be buried somewhere nobody will find his body, he fucked up too much

>>55235752
Probably not, seeing that we recovered pretty quickly given the apparent magnitude of this issue

>>55236771
Why buy old coins? Since there is nothing so exciting about the market, I had to learn about trading indices on AstraDao for passive income. Don't be a moron and wash your money away on those old fags.

>>55235961
Based Idea anon, I for one would diversify into other promising alts like Eth, Scrt, Sylo and Dot, alongside my Btc for future gains.

>>55242592
I did like 70% ETH and 30% BTC. I'm glad I didn't "diversify" into shitcoins like REQ, VET, or BBN. You probably never even heard of some of those. Exactly.

Can all you clowns talking about gold-backed money and BTC-backed money just pause what you're doing and go watch The Money Masters.

How many times does it need to be made clear: the international money power has always controlled the bullion supply, so obviously they favor gold-based currencies because such systems are theirs to manipulate. Same with Bitcorn. Fiat money is not the problem, just look at the Tally Stick which worked wonders for the English for centuries until the (((Bank of England))) put an end to that.

This is not to say that Bitcorn and Gold won't see significant gains in years to come, just that it's delusional boomer nonsense to imagine that these represent some kind of "true" and "pure" monetary system "'of the people".

>>55236662
many tainted bitcoins exist, many lost supply bitcoins exist

seems your whole scam is going in the shitter

>>55235752
>Buy as much BTC as you can. Now.