/biz/ - Business & Finance

>>56845820
I will apologize only if Kamala sucks my hairy balls

Unironically yes Bitcoin is one of the reasons behind inflation
Investing in Bitcoin or gold removes money from circulation that could've been used by businesses to create jobs through consumption/investment/lending...
If you're not going to give them the money then the Fed will which will create inflation.

There's a reason why gold was banned during the great depression, don't be surprised when the same thing happens with Bitcoin

>>56845820
>life rafts are why ships sink
>if everyone just believed in the dollar's strength hard enough and acted accordingly, then that would curtail inflation
leftists are evil and stupid

>>56845820
I'm sorry.
Still not selling however.

>>56845831
>There's a reason why gold was banned during the great depression
by your logic, everyone should hoard gold during the great depression so they could have inflation & cancel the depression.
fucking moron

>>56845845
No, I'm saying everyone should NOT hoard anything retard.
Hoarding directly harms the economy by preventing business from getting cash flow which prevents them from creating jobs which causes economic downturns retard aka deflation.
Central banks respond by printing money to avoid deflation but this could've been avoided if anti social incel faggots stopped hoarding.

>>56845820
lookit this dude lmao

>>56845864
Deflation bad because Shlomo's usurious loans suddenly aren't such a great way for him to make money

>>56845873
deflation is bad because people stop consuming and borrowing retard

>>56845831
post nose

>>56845886
But saving leads to investing? The fuck is wrong with you.

Deflation leads to your money having more purchasing power; therefore you can consume more.

>>56845864
>>56845886
Keynesian big banker court-intellectual claptrap. You're espousing the long debunked nonsense that came from a gay british pedo who raped black kids and said the future doesn't matter because everyone will be dead anyways. Espousing the propaganda of the ruling elite doesn't make you smart. If you think deflation is bad for you personally, they could get you to eat rat shit to achieve your daily nutrition as well. Deflation doesn't suddenly become bad when zoom out your perspective to incorporate more people than yourself.

>>56845904
I'm a half jewish american citizen, my ethnicity has in no way influenced my beliefs (my parents and I are atheists)

>>56845864
>>56845886
if i want to hoard is none of your goddamn business, kike commie

>>56845921

>>56845831
You're a retard. Gold was confiscated to BRRRRR via re-pegging the dollar from 20 to an ounce to 35, and gold was prohibited from private ownership in the (false) thinking that the Fed would be free to debase without the wagie debtslave noticing

>>56845914
>Deflation leads to your money having more purchasing power; therefore you can consume more.
Keynesians simply refuse to accept this fact.
>>56845886
Inflation of the money supply doesn't create purchasing power. All it does is move purchasing power from some people to someone else. The net purchasing power remains the same, except you are adding strain to the overall system with the imbalances and will create a BIG fuckup later on.

>>56845939
>>56845947
keynesians are fucking retarded, just by unfiltered experience by living in from pre and post covid BRRRR they should notice on their own skin that their theories are just non sende

>>56845820
BRRRRRRros...

>>56845832
>>if everyone just believed in the dollar's strength hard enough and acted accordingly, then that would curtail inflation
this is unironically what mmt is about. it's also ironically how bitcoiners will tank their own protocol when they insist tail emissions are not needed as long as everyone just keeps buying bitcoin and the price goes to infinity

>maxis are hoarding dollars by dumping them
The absolute state of statist shitcoiners

>>56846010
BTC becomes a fixed unit of account, even if hyperbitcoinization doesn't happen in our lifetimes, the value will increase until full capitalization and after will increase proportional to monetary expansion, just as gold does (45x versus 42x since '71), but in contrast to gold's 20-30 year cycle, BTC will retain it's 4 year cycle, causing it to track monetary expansion more closer. An asset with the properties of full capitalization BTC, whenever that level is, has value, hence BTC will retain value.

Wow, Bitcoin sounds more and more based. It just keeps on giving.

>>56845820
>New York Times

>>56845831
>Investing in Bitcoin or gold removes money from circulation
Dem evil bitconners burning their ill-begotten gains. SHAME

>>56845831
>removes money from circulation
Imagine believing this actually happens. If anything, they print 3x for every bitcoin bought.

>>56845820
>Wall St engineered financial product creates crisis for dipshits.
Oh no not again!

>>56846942
>curbenthusiasmtheme_speed4times.midi.exe

>>56845820
>A column by Shoah Noahstein

>>56845864
>I'm saying everyone should NOT hoard anything retard
Except businesses, which then hoard the cash. The only difference is what's being hoarded and by whom.

>>56845820
im not sorry for causing inflation with my heckin bitcorns

>>56845864
>this could've been avoided if anti social incel faggots stopped hoarding
Like picrel?

>>56846858
>retain it's 4 year cycle
The 4 year cycle that extends every cycle?

>>56846961
>If anything, they print 3x for every bitcoin bought.
Since September, US borrowing increased 800 billy from 33 trilly to 33.8 trilly. It'll be through 34 trilly soon.

Last peak crypto rally had an mcap of 2.7 trilly across the whole market. At the current rate, the US gooberment would be through that in about 9 months.

>>56845820

These authors are literally the most retarded people on the planet. They're even more retarded than your typical Black Friday shoplifters.

>>56845820
Lol got to love the fact his job title isn't journalist but opinion columnist..
>it's like a human centipede you see? Rob mutters to himself as his rectum flexes as he dumps another steamy chocolate load into the mouth of the mindless NPC whose lips have been crudely stitched to Rob Mehmers dilating asshole.
>sobs and gagging noises drown out the shriek the NPC tries to make as tears of frustration and pure desolation pour down their cheeks as more shit is forced down their throat to be slowly digested and shit down the throat of the poor bustard who has just woken to find their mouth stitched to the first NPCs anus.
>brilliant, yes brilliant Rob utters as he digests even more dog shit his masters mix up for the cattle to digest.

>>56845831
Come and take it, faggot.

>>56845831
>Investing in Bitcoin or gold removes money from circulation that could've been used by businesses to create jobs through
When you buy bitcoin the money goes to someone else pockets and they will ultimately use it to buy stuffs

>>56845831
>buy bitcoin for $38k
>you now have a bitcoin
>the person who sold it to you now has $38k
>that person takes the $38k and refuses to spend it
>fed has to print money to replace all the money that greedy bitcoin merchants just store in a vault
>this creates inflation

The logic here is spot on

>>56845831
>There's a reason why gold was banned during the great depression, don't be surprised when the same thing happens with Bitcoin
Are you fucking retarded or something??

>>56845820
Bitcoin creates inefficiencies in the system: a chunk of the money supply hidden in volatile dark pools.
Its only uses are criminal, but of course crypto lobbying on both parties will keep it legal for a while. The question is how long.
Currency control is the second most important power of government after the army. The moment crypto is perceived as more destabilizing to the US than to its rivals, the clock starts to tick.
How much more funding to rogue actors will be tolerated? Depends on the size of your congressman's mortgage.

>>56845820
Worst of all think of all that bitcoin money that could be given to Ukraine!

>>56845831
Yeah, really don't you think "saving" should be banned for the white supremecist neo-nazi activity that it is?
People (mostly white) should not be saving.
We should all be living check to check and be forced to spend each government-approved allotment in full each week, for the good of the economy.

>>56845864
Gosh, I know!
The POOR central bankers who are FORCED to print money!
They're the real victims here!

Absolutely not sorry. Seethe, cope, dilate, rope and tongue my anus

>>56846010
Every country is okay with owning a currency that mistakenly believe gives them their own governance and not have to rely on central banking.

Nobody is wanting to hold a zionist currency that you are forced to use along with the political implications that goes with this. The US dollar and BTC does both effectively except in instances of the Vietnam war and the war on drugs has forced people to rethink their domestic policies.

That's why BRICs started in the first place.

1. BTC is much cheaper and quicker to transfer than gold or paper assets effectively. To transport physical cash that would be just as bad as gold.
2. The world already has been using an Unifying currency called the US Dollar that everyone also agrees should be phased out eventually.
3. BTC is not new technology, research and extensive theoretical papers were being developed post 1975 for an electronic cash system.
4. The more the US dollar inflates the worse countries who rely on their currency pegged to the US dollar suffer, in comparison to BTC that inversely increase in value.

The US dollar is the CCIP of fiat currencies being exchanged, much like Chainlink is an actual cross chain protocol meant to unify every coding language.

fake & gay

>dark web money
only 2% of nodes are ronin dojo
to call it dark web money we need to pump this % above half total

>>56845831
>Investing in Bitcoin or gold removes money from circulation that could've been used by businesses to create jobs through

care to comment on what the FED has been doing with RRP the last few years?