/biz/ - Business & Finance

You got it backwards. They are coming under bitcoin's control.

>>55978057
As soon as Bitcoin is consumed into their system it will be time to launch another outsider P2P cash. We have 15 years of learning to fold into the new one.
The race is constantly on to build new forms of outsider value faster than they can either ban or consume them.

If only there existed a cryptocurrency that Satoshi himself was impressed by and discussed on the bitcoin talk forum before he disappeared, that actually is anonymous and is actually used as a currency, haha!

>>55978077
DigiID citizen compliance number will be required to access the internet by 2025.

>>55978057
>Why are we excited that global elites are buying land?
>Isn't the entire point of owning land to be free of the global elites, ie: a hedge against the system?
>How are we supposed to become landchads if land owndership is within their system of control?

You are stupid

>>55978209
Land and Bitcoin are not the same thing

>>55978233
It's a commodity. Your entire argument that "if rich people like something then it must be bad reeeeeee" is stupid. Just as stupid for land as it is for wheat, oil, or Bitcoin.

>>55978252
My argument has nothing to do "with rich people"

Blackrock is not "rich people"

Blackrock is an asset manager for tens of millions of normalfags

>>55978093
>never ever broke its January 2018 ATH
I'm not getting your stupid bleeding "stablecoin"

>>55978093
>never ever broke its January 2018 ATH
I'm not getting your stupid bleeding "stablecoin"

>>55978274
Rather than addressing the actual argument, you're jacking yourself off over semantics.
If something is useful and valuable, rich people use it, elites use it, corporations use it, even eventually governments are forced to use it. They wouldn't be rich, elites, successful corporations, or governments that retained power if they ignored technological innovation.

>>55978126
>that pic

No. You are accepting Communism through the backdoor, with kyc and aml on a public ledger. Congrats buttcorners, you came full circle. Enjoy your surveillance tool.

>>55978310
You WILL pay the carbon tax.
You WILL eat the bugs.
You WILL be monitored for carbon output.

>>55978057
>Isn't the entire point of Bitcoin that it is outside of the system

holy newfag what year is it 2012

>>55978057
Anon please stop being retarded, institutional investors have to take positions in assets that their clients want to buy.

>>55978067
>(((you're)))
https://www.youtube.com/watch?v=s_3Yp2Izhks

>>55978803
>Institutional
Define the word institutions

>>55978057
>How are we supposed to get Hyperbitcoinisation if Bitcoin is within their system of control?
>always was
or has been since you know when

>>55978287
technical superiority aside, doesnt this mean there are far fewer sellers?

>>55978918
The first top of $32 was a pretty giant wink for anybody in the know

>>55978917
>cool it with the antisemitism

>>55978926
kek. it really is a simulation lol. hopefully doge goes to 1B and i can buy my way out.

>>55978917
these people manage tens of trillions of dollars. The amount of money they have invested into the bitcoin ecosystem is literally a rounding error.

>>55978934
No. There models failed. The hubris huffing retards with the funny hats are confronted with deviations from their models they didn't expected, deliberate injections of false feedback loops
>>55978935
That's not a definition of institutions

this is what i'm expecting this week as we aproach ETF decision

>>55978057
>Hyperbitcoinisation if Bitcoin is within their system of control
maybe we are, in fact, too early and the real measure of btc success should be denominated in $BRICS. btc marketcap as a percentage of brics trading volume seems like a natural symbiosis. furthermore, btc could act as a governor containing volatility for the occasional black swan (im looking at you argentina) and reinforcing confidence in the market whereby sellers exit to btc as opposed to usd and thereby maintaining market share relative to usd.

>>55978966
>Brics
Hue, brics is a meme. A meme that already pretty much failed because it's based on models with inherent false feedback loops

>>55978949
looks to be a nice entry. some anon speculated, and my sentiment has begun to align, that we'll see a new top between now and halving. seems unlikely we'll see another year of bear. maybe even see a green september leading into a oct pump, sideways until 2024, then altseason???

>>55978991
I'm thinking maybe 20k retest to fill the CME gap and then sideways slow pump to 29k until March 2024

>>55978973
the fact that we're even discussing brics is unprecedented and maybe a bit of paradigm shift from markets dominated by MMT towards one thats commodities driven. future energy production, i believe, the missing puzzle piece which will form the lynchpin of the new order. MMT-->energy.

>>55978996
I think 0 is a fair price for a botched up ponzi on a pyramid scheme that was supposed to introduce communism through the backdoor trying to convert libertarian and anarchist with greed

>>55979012
I'm by trade a political economic scientist. Me talking about brics is nothing special. Mmt is retardation, an elephant sucking off his own jizz without eating

>>55978935
>amount of money
>bitcoin
>one of these things is not like the other...

>>55979019
>Mmt is retardation
its exorbitant privilege, not retardation. brics is merely the retraction of consent of the collective will. its not science.

>>55978057
As i said yesterday in a thread
>BTC is bearish because no adoption and no new money
>Boomers who are distrustful of banks after SV crash, invest in BTC in march of 2023 and pump the price 2x showing the power of new money
>Wallstreet guys take notice of BTC
>they make ETF and start trading BTC
>The amount of new money that goes into BTC due to wallstreet guys is like 10000x more than what we had in march
>BTC skyrockets
>banks take notice and want to have their share
>banks buy entire bags on BTC
>price basically goes ballistic
>Banks want to drive the price up to make more money
>banks start advertisint BTC to average normie client, they allow you to hold BTC/ETH on your bank accoun and connect it to you card so you can actually pay with it
>BTC becomes fully adopted, everyone lives happy ever after, everyone who HODLd his BTC/ETH until 2030 becomes a millionaire
>Other altcoins are kicked out of market unless they have some actual use, mostly this will be tokens that work as currency in video games like CS:GO or LoL, once in a while we get a meme-token market like we saw with PEPE or SHIB

>>55978093
No one wants your alt right antivax lolbertarian shitcoin

>>55979021
What don't you understand about the fact that institutions like Blackrock, Fidelity, Vanguard, etc literally have to take position's in equities that their clients want to buy?

>>55979038
There is no collective will. Humans are not ants. There is no collective consciousness, there is individual consciousness, preferences and affections. In linguistic terms, there is an I and a you, as an indirect you, he/she. A "we", a plural "you" and a "they" doesn't exist and is always the result of manipulation by an I over another I

>>55979056
Define the term institution
No Larry, Bakley and co are not the ceos of institutions they are the ceos of organizations

>>55979047
Scamstreet is in since 2017 retard. That (((narrative))) weak story telling lie isn't going to fly

>>55979049
>No one wants your alt right antivax lolbertarian shitcoin
https://coinmarketcap.com/currencies/monero/
Says here they have a market cap of 2 billion so YES people want Monero, you fucking rat.

>>55978057
>USD: Can be printed forever as long as the Government is alive.
>PMs: Can be mined and there is more to find in the ground.
>BTC: Hard capped at 21 million.
You are the big dumb.

>>55979056
wrong anon. but were i that anon, i would speculate that they're size isnt really size and mostly an illusion propped up by the belief in the existence in available liquidity should the whole house of card crumble. also, its become obvious that these orgs are activists and not merely responding to the demands of customers.

>>55979155
Wrong on fiat
Wrong on pms
Wrong on buttcorn
Are you a parrot

>>55978287
>bleeding
Beyond stupid, like brain damaged stupid.

>>55978274
>Blackrock is not "rich people"
BlackRock, Inc. is an American multinational investment company based in New York City. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$8.59 trillion in assets under management as of December 31, 2022.
Yeah the fuck they are rich, you're a dumb fuck.
Stop posting.

>>55979061
>there is individual consciousness, preferences and affections
are these agents of free will in the room with us now?
https://www.youtube.com/watch?v=t3_d_fTK5aE

>>55979156
>they're
*their

>>55978796
>You WILL pay the carbon tax.
EVERYTHING is taxed you dipshit.
>You WILL eat the bugs.
Lobsters and crabs are sea bugs.
>You WILL be monitored for carbon output.
I dont drive a car, I rarely produce enough trash to justify a garbage bag.
I think my carbon footprint is low as all hell and the Government should give me a small check for being Carbon efficient.

>>55978917
https://www.merriam-webster.com/dictionary/institution
>>55978934
>hopefully doge goes to 1B
They constantly mint coins, sell your doge if you can and buy BTC.
>>55978966
>the real measure of btc success should be denominated in $BRICS.
Exactly, USA and CAD nerds don't have any money and are constantly paycheck to paycheck, we should rely on 1 Billion plus populations to get BTC to pump and be used as an alternative to USD/Fiat in general.

>>55979178
I wont waste a second on jewtube video. I'm not saying that there aren't attempts at mass manipulation by Is with individual consciousness, preferences and affections, over other Is trying to create artificial plural "you"s and artificial "we"s and "they"s, though the time of mass behaviorism is over, tv era models don't work in atomized low trust societies and as far as I'm aware their aren't models that account this, at least not public, there are experiments that are regularly fed with false feedback on the subject

>>55978973
>Hue, brics is a meme. A meme that already pretty much failed
Conjecture, you don't know what you're typing.
https://www.trtworld.com/magazine/brics-20-years-on-a-success-or-failure-52410

“One of the most remarkable things is the performance of China in the past 30 years. It is also true that by and large India has essentially achieved the broad growth path that we outlined, and that’s why today China and India are so much bigger parts of the world economy than they were 20 years ago,” O’Neill remarked in an online session hosted by think tank Center for China and Globalization last Thursday.

Even the Indian economic engine has drawn to a halt in recent years after a series of missteps by Prime Minister Narendra Modi, who came to power in 2014.

“The Modi government abolished the country’s most used bank notes in a ham-handed demonetisation scheme, which disproportionately impacted the poor. It also failed in promising to create 10 million jobs a year,” said Aravind Joshi, who specialises in South and Southeast Asia affairs at Washington DC-based think tank Global Risk Intelligence.

“Any hopes to create a $5 trillion economy will have to be put on hold, as the knock-on effects of the Covid-19 pandemic have seen millions fall back into poverty,” he told TRT World.

>>55979199
Stupid definition where institution is just a tautology of organization. Makes no sense as a definition. Just use organization

>>55978093
god bless you, satoshi and john mcafee

>he still doesn't get it
they're being FORCED to support bitcoin (and only bitcoin) because to not means to be left out in the cold permanently.
bitcoin (and only bitcoin) is a trojan horse, appearing as a speculative investment, a technology, a curiosity, while in fact simply being the only possible future currency in a digital world.
in trying to get access to the fees and market they're only hastening it's dominance.

Lol I pissed again with truth in advertising and begging beehives as it looks like
Brics is a meme that is never going to be anything outside of a informal forum

>>55979047
>once in a while we get a meme-token market like we saw with PEPE or SHIB
Shib is not a meme token, PEPE was a rugpull.
Go away, everything you dumbasses type is wrong or conjecture.
Shiba inu is used to make ETH gas fees lower.

>>55979222
Lol. Just not using it. And you can't enforce the usage, same as nobody was able to enforce the jab. Models failed

>>55979159
I am not wrong, inflation is a real thing, Silver and Gold can always been mined, BITCOIN is valuable, buttcorn isnt a thing, we're talking about BITCOIN, not buttcorn.
You fucking slack jawed faggot.

>>55979235
Define inflation
And Don't link to some dictionary bullcrap

>>55979019
>I'm by trade a political economic scientist.
Well you fucking suck at it.

>>55979175
They literally use other peoples money to invest, and the 8.59 trillion is literally others peoples money. They make money on fees.

>>55979230
>Cannibalization of an oversaturated ponzi market with tokens that have 0 usecase 0 demand and a production cost of 0
Hilarious

>>55979013
>ponzi on a pyramid scheme that was supposed to introduce communism through the backdoor trying to convert libertarian and anarchist with greed
Nice buzzwords you dumb fucking faggot.
LEARN WHAT A PONZI MEANS YOU STUPID JEW.

>>55979251
Buttcorns are a scam, same as every other crypto. Marxists and Austrians are retards.

>>55978057
Inside system is btc outside system is Monero. Rest of market is tokens not needed

>>55979206
i jest anon. it doesnt require philosophy or academic thinking. the ponzi rests on the assumption that usa will continue exporting inflation to the rest of the world and that demand for treasuries will rise to match our printing. have a look at china's balance sheet for us treasuries over the last 10 years. you cant rape the willing and the majority of the world has just had enough of getting fucked.

>>55979013
https://en.wikipedia.org/wiki/Ponzi_scheme

In a Ponzi scheme, a con artist offers investments that promise very high returns with little or no risk to their victims. The returns are said to originate from a business or a secret idea run by the con artist. In reality, the business does not exist or the idea does not work in the way it is described. The con artist pays the high returns promised to their earlier investors by using the money obtained from later investors. Instead of engaging in a legitimate business activity, the con artist attempts to attract new investors to make the payments that were promised to earlier investors.[7][8][9][10] The operator of the scheme also diverts clients' funds for the operator's personal use.[9][10]

With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes collapse.[a][1][11][12] As a result, most investors end up losing all or much of the money they invested.[11] In some cases, the operator of the scheme may simply disappear with the money.[13]
YOU ARE THE BIGGEST IDIOT IN THE ROOM, GO AWAY OR BETTER YET SLICE YOUR EYES.

>>55979263
No demand. No demand isn't driven by production (or violence) like marxists think. And no demand is neither driven by supply, like Austrians think

>>55979215
goddamn that pic is aesthetic as fuck

>>55979267
>Buttcorns
No idea what that is sir, we are talking about BITCOIN, not buttcorn.
SECONDLY, you suck at trading or you HAVE NO MONEY to buy BTC.
Go away you stupid bitch ass nigger.
>>55979267
>Marxists and Austrians are retards.
Look you lankey mutt, calling something retarded doesnt make you intelligent nor does it make a decent coherent argument.
Get a fucking argument and stop calling everything retarded, you sound low IQ.
Fox and the sour grapes.
Marxism is dumb, Austrian economics is great, YOU'RE just stupid.
Why is BTC a scam? Cant afford it? or you suck at trading and sold for a loss?

>>55979222
>they're being FORCED to support bitcoin (and only bitcoin) because to not means to be left out in the cold permanently
yeah the middle east and china pivots forced their hands

>>55979269
Oh that scam, that is likely to run some more time, though the US had currently arguably a problem recruiting meat for it's armed forces, they remain the strongest dog in the cage by a long shot when it comes to naval, air and land force, not to forget energy and food independence

>>55979267
https://en.wikipedia.org/wiki/Austrian_school_of_economics
Yeah man, everyone is retarded because you said so.
Nah, I think you're fucking stupid and dont know anything, that's why you call everything you DONT understand retarded, you're stupid and you're letting everyone know all you can say is retard this and retard that.
You
Are
The
Retard

>>55979270
>In reality, the business does not exist or the idea does not work in the way it is described.
Bitcoin works the way it was intended and all you fudd is useless because YOU YOURSELF are a useless man.
>Economic science.
Lmao, you dropped out of highschool you fucking burn out, you dont have any education you fucking rat.
21 million, market cap is like half a trillion, go away.

>>55979289
No. Austrians are retards whose only merit comes from a pr action 15 years ago where they saw that using mbs of subprime was a certain way into a catastrophic crash, and they warned of it for 10 years. Like some crazy bum on the street screaming about the end of the world for decades and getting lucky on the timing of a nuke drop

>>55978057
Bitcoin can't be consumed into a system, or controlled. They can buy up as much as they want, it isn't PoS. They can try to buy up miners, won't matter. All they can do is ride its coat-tails and try to make as much money as possible (which is really all jews care about).

>>55979273
>No demand isn't driven by production
Demand is driven by production.
Why is gold more valuable than dirt?
Supply and demand, and stop making assumptions im a marxist because you're an idiot and need to project.
>>55979273
>No demand.
BTC has a ton of demand, check the volume.
>>55979274
Thank you bby.

>>55979222
Checked and claimed, also ur a faggot

>>55979314
100 Checkems scheduled for deposit

>>55979312
If not enough people have a demand for your pet rock marxist, what are you going to do about it?
>Enough demand
To keep the fantasy prices. Technically buttcorns work the same at $0.000000000000001 as they work at $999999999999

>>55979263
The Austrian theory of the business cycle (ABCT) focuses on banks' issuance of credit as the cause of economic fluctuations.[77] Although later elaborated by Hayek and others, the theory was first set forth by Mises, who posited that fractional reserve banks extend credit at artificially low interest rates, causing businesses to invest in relatively roundabout production processes which leads to an artificial "boom". Mises stated that this artificial "boom" then led to a misallocation of resources which he called "malinvestment" – which eventually must end in a "bust".[77]

Mises surmised how government manipulation of money and credit in the banking system throws savings and investment out of balance, resulting in misdirected investment projects that are eventually found to be unsustainable, at which point the economy has to rebalance itself through a period of corrective recession.[78] Austrian economist Fritz Machlup summarized the Austrian view by stating, "monetary factors cause the cycle but real phenomena constitute it."[79] For Austrians, the only prudent strategy for government is to leave money and the financial system to the free market's competitive forces to eradicate the business cycle's inflationary booms and recessionary busts, allowing markets to keep people's saving and investment decisions in place for well-coordinated economic stability and growth.[78]

>>55979263
A Keynesian would suggest government intervention during a recession to inject spending into the economy when people will not. However, the heart of Austrian macroeconomic theory states the government "fine tuning" through expansions and contractions in the money supply orchestrated by the government are actually the cause of business cycles because of the differing impact of the resulting interest rate changes on different stages in the structure of production.[79] Austrian economist Thomas Woods further supports this view by arguing it is not consumption, but rather production that should be emphasized. A country cannot become rich by consuming, and therefore, by using up all their resources. Instead, production is what enables consumption as a possibility in the first place, since a producer would be working for nothing, if not for the desire to consume.[80]
Americans are big dumb.

>>55979330
Did you seriously just copy pasted a kikepedia article

>>55979263
https://money.usnews.com/investing/articles/keynesian-economics-vs-austrian-economics

The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on the amount of resources available to them and the ability to freely transact. However, while they may speak the same language, Keynesian and Austrian economists approach the economy from two very different perspectives.

Austrian economics comes from the Austrian Empire in the mid-1800s. Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich Hayek believed the free market was the most efficient means of allocating resources. Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to maximize economic growth and employment.

These two radically different schools of thought are still alive and well today. Here's a little more about each philosophy, and the main differences between Keynesian and Austrian economics:
Yeah but keep calling everything retarded, shows you have no arguments besides "I dont like thing, thing bad".
Go away you burn out.

And people wonder why we entered Idiocracy and there are seriously people buying crapto ponzis expecting line go up 4ever for no reason

>>55979263
Keynesian and Austrian economists have vastly different takes on a wide range of economic topics. However, their key philosophical disagreement boils down to one main idea: government economic intervention.

"The central idea behind Keynesian economics is that the government has the power to stabilize the economy through strategic intervention," says Jake Hill, CEO of DebtHammer. "This stands in opposition to Austrian economics, a theory that states that government should have zero involvement in economic processes such as stabilizing market prices."

That one main disagreement manifests in several ways:

Austrian economists believe free markets are efficient and self-regulatory. Keynesian economists believe free markets are inherently inefficient and volatile.
Austrian economists believe government intervention in free markets makes negative business cycles more severe, while Keynesian economists believe governments can implement policies to stabilize the economy and mitigate recessions.
Austrian economists believe companies should be allowed to fail during economic downturns to eliminate the least efficient businesses. This process also helps allocate more resources to the most efficient existing businesses, as well as to the creation of new businesses. Many Keynesian economists would argue government investments could help keep major insolvent companies afloat and avoid job losses during recessions.
Austrian economists believe inflation is a negative event because it destroys savings and devalues currencies. Keynesian economists believe a low, steady inflation rate stimulates economic growth and encourages investment.
Austrian economists believe in "sound money," convertible currency which is backed by gold or other hard assets. Keynesian economists support fiat currencies, which can be manipulated by central banks to adjust the money supply and stabilize the economy.
Not gonna read the replies.
Science of economics my ass cheek, bro get your moneyback

>>55979346
>expecting line go up 4ever for no reason
line going parabolic doesnt always mean what you think it means

>>55979385
>pic related

>>55978057
Monero is really and clearly the only coin pushing the crypto philosophy

>>55979400
Not comparable. Buttcorns are not a currency in demand for the exchange of goods and services, just a ponzi kept alive with very very very cheap marketing to mouth breathing troglodytes

>>55979416
>Buttcorns are not a currency in demand for the exchange of goods and services
oh ok, you win

>>55978067
>beirut
>ocean

>>55979049
>No one wants your alt right antivax lolbertarian shitcoin
if BTC wasn't already so inherently anti-semitic, this would only make me want Monero moar

>>55979623
How is btc antisemitic, it's a public ledger with kyc and aml and regulations through cexes. That's as jewish as a cbdc

>>55978057
>How are we supposed to get Hyperbitcoinisation if Bitcoin is within their system of control?

Nobody has answered this question yet lmao

>>55979712
Literally the first post addresses that loaded question.

>>55979693
This is if you're cashing out. But what if you want to sell your truck for 2 BTC and then you buy an Excavator with the 2 BTC? Isn't that anti-semetic enough? The issue is, Noone really has BTC except for whales, miners and a bunch of delusional bagholders who treat it like Beenie Babies rather than a medium of exchange. It isn't being used as intended. It is hoarded like Pokémon cards.

>>55978924
monero users typically aren't speculators, whereas every bitcoin "user" is

>>55979915
It's worthless, correct

>>55980220
Maxis aren't speculators. Speak for yourself.

>>55980310
When was the last time you used to pay for a good or service and the merchant didn't instantly sold it for dollar to pay his supplier and taxes

>>55980231
retard alert

>>55978057
Anon, I'm looking at the adoption coming when it. It should give a boost to promising assets in the market alongside BTC. So accumulating ETH, ICP, RIDE and REEF is not a bad idea. The big boys are also planning to do the same as they fuck with the price.

>>55980377
What worth does it have beside being a scam vehicle to scam bigger fools out of more dollars than the baggies paid for it

So, do you think there will be a high because of the "hype". I'm already buying more, but maybe i'm being stopid.

>>55979693
>How is btc antisemitic
it's honest, hard currency that can't be manipulated, inflated or stolen

how is that NOT anti-semitic

>>55979712
the answer is there will be two systems and either btc or real bitcoin will be used a hedge between both.

>>55978908
I would've done the same thing, but I would've called him a nigger at the end of it.

>>55978093
Not enough hash power, vulnerable to 51% attack, can't verify total supply

>>55982566
>randomX
>no, see abobe
>assumeVerify
midwit

bitcoin can be purchased by anyone
purchasing bitcoin does not increase or decrease its sybil resistance or its BFT
you can cope and seethe and cry all you want, you're not technical enough to understand things

>>55978057
Use Monero
its what people think Bitcoin is and makes (((banks))) seethe
>t. living in hyperinflation
>>55978093
based XMR chad
>>55982895
based

>>55978057
>Isn't the entire point of Bitcoin that it is outside of the system, ie: a hedge against the system?
Bitcoin has been compromised since around 2017. I worked at a major investment firm at the time and there was lots of internal dialogue about how to make our systems work with it, plus a lot of hype in general with our firm pushing crypto in every employee's face so that even the ones that just passively clock in and out are aware of it. You are severely misinformed if you still think that Bitcoin is the "hedge against the system" it was in the early 2010's. But it's still a good way to make money. Having said that, it's not the best token to make money with; I don't have any BTC in my portfolio because I think ETH will outperform it (again) and all the current BTC hype is just a distraction.

>>55983188
ETH> BTC

lol, lmao even
BTC has been beating the shit out of ETH the past couple years, and always will .
ETH is only good for all the altcoins and shitcoins it has below it

>>55979606
>Building
>It's just a fucking wall

>>55984676
Eth is as worthless as btc and any other of the 6000000 copy cats with a production value of 0 and no demand