/biz/ - Business & Finance

>>57206743
In a fair world LTC would be #1.

>>57206743
I'm putting together a team

>>57206743
Thanks to ICP This is now true

>>57206751
>>57206760
alt shitskins are not allowed in this maxifren thread

>>57206743
normies will never accept a finite supply of currency because it's incompatible with rising minimum wages.
gold/silver tards ran up against this same problem and lost, the normies voted for minimum wage, food stamps, welfare, etc.
the same thing will happen with crypto, just look at the percentage of zoomers who are in favor of UBI

>>57206743
ordinals > nfts

>>57206794
Who told you normies will have a choice?

>>57206817
yes, i'm sure the government will give away their ability to create seigniorage gain

>>57206880
They won't, but they've competition now that'll outperform

>>57206794
XMR chads win again

>>57206751
BTC, like Au, is a Money (unit of account), not currency (transactional media), the monetary value of Money is a product of a money's "moneyness", that is, how well it approximates a perfect money. Perfect money has universal acceptance so network effect is a large fraction of a money's value, this is the cause of the OG shitcoin (Ag) fall, not manipulation, without currency demand for a poor money like silver it quickly loses all it's money value to superior Money like Au, likewise, non-BTC cryptos aren't capable of securing money-premium because BTC is larger, older, more compute intensive, so it's network effect advantage only grows, they are only able to hold transactional value, which is a much much smaller pie and one dominated by better currencies (fiat is a horrible money, but a quite good currency)

>>57206794
>gold lost
Au has 45x nominally since '71, while USD supply has 42x, medium household income in 1970 was 235oz of Au, Au has 2% mining inflation annually, while BTC has 1.7% and halving every 4 years. with "losing" like that, who needs winning?

>>57206743
7 transactions per second

>>57206743
based maxi

>>57207085
BTC is Money not currency, it gains nothing from being used transactionally, note that Au has very very rarely been used as currency (transactional media), poor money like Ag were used instead