/biz/ - Business & Finance

>>56208638
The US elite are allowing Tether to pump BTC in hopes that people will buy into it as a "store of value" instead of buying gold, silver or any functional crypto.

>>56208638
both views are congruent. Number go up was the narrative from the start

Fucking retard meme

Bitcoin is a centralised currency no different to buying and selling foreign currency

the whole decentralised bullshit is just an angle to make it blow up.

>>56208658
>or any functional crypto
like? you don't invent digital scarcity twice. it only happens once and it was with BTC

>>56208716
mining is more or less centralized
have you ever heard about UASF?

>>56208721
>like? you don't invent digital scarcity twice. it only happens once and it was with BTC
No, limited supply is built into many cryptos. Some even have a lower total supply than BTC

>bitcoin
>privacy
what part of public ledger do you not understand dumbass. It's anti-privacy BECAUSE gubmints printing untold and hidden amounts of cash.

>>56208733
that's not the point
inventing digital scarcity is a one time only event
all the other tokens/cryptos are copying this outbreak. they are mere copies of the invention of digital scarcity
then you add to that the network effect and the fact all the other ones are securities (they all have a team promoting them)
look at pic related and tell me in which bubble do you think people will prefer to put their earned money in

>>56208777
>inventing digital scarcity is a one time only event
No

>>56208785
absolute retard
at least give some arguments with your pathetic "No"

>decentralized
>majority of supply held by a handful of early adopters

>>56208867
Digital scarcity either exists or it doesn't exist. It's not a one and done event.

>>56208638
I don't know what happened. We went from fuck government and banks to please pump our bags, gubmint and banks

>>56208777
>inventing digital scarcity is a one time only event
It's a zero-time event because the concept of "digital scarcity" is meaningless and retarded
I can't wait for 2025 to pass with no bull run and you baggies realize how delusional you are

>>56208777
What goes on in the head of people like you
On the one hand, you see everyone rushing to do the same thing, making the same decision, which is the one the government told everyone to make OR ELSE. Covid. You then conclude that everyone is retarded and you are smarter than everyone else
The same people now believe and are coming to believe "digital scarcity" has any value at all. Of course you believe it too and want more people to, then they would be smart like you
Just admit you're scared to lose Gene

Normalfags ruin everything. XMR is still og though.

>>56208747
zcash and monero fags discuss this problem daily.

Better to have a transparent base chain BY MILES. PRIVACY FAGS CAN BUY THEIR CP on other shitchains.

Was there literally any other case of privacy coins being used BESIDES buying CP, drugs, guns and other illicit shit, hiding from alimony, funding terrorism or hiding stolen money? Perhaps a couple of we-in-it-for-the-tech fags buying non-cheese pizza but that's about 0.01% of volume

>>56208881
you totally forget the network effect when talking about money/value
>look at pic related and tell me in which bubble do you think people will prefer to put their earned money in
you haven't answered

>>56208898
>meaningless and retarded
that's your opinion. in the meantime it's real and it's a value proposition that many acknowledge

>>56208932
i'm not scared to lose, actually i have been winning since 10 years
digital scarcity has value, especially in bitcoin case when electricity is used to create it and when it has a finite amount

honestly the only arguments you guys come up with is: digital scarcity has no value. that's your opinion but that's not what real word events and history show us (scarcity and money wise)

>>56208986
both are good and complementary. i use XMR to send money to people to hide my identity or wallet balance

>>56208638
>What went wrong?

The moonfags took over and ran the genuinely anti-authoritarian cypherpunks out.

Thank god for Monero.

>>56208677
based reply

>>56208677
seething

>>56209251
This, fuck moonfaggots with their BTC, ETH, ElonTrannyCumsOnDoge coin lmao

>>56208658
No one wants shiny rocks that cant even keep up with inflation

>>56208986
>monero is...LE BAD

>>56208986
Put your money where your retarded mouth is - post your bank account / proof of how much money you have for the world to see. The rest of us will use private money, keep seething and coping.

>>56208638
Only a small group of faggy Libertarians thought that back then. Most of them had a shit ton of Bitcoin but they sold it in 2013 at the latest. Everybody else was just in it for the money.