/biz/ - Business & Finance

>>59004054
Crypto died after covid

Luna and ftx were the final nails

100000000shitcoins and counting

Its over

>>59004054
Obvious larp and stop posting reddit

>>59004054
Oh I'll spend every dollar I have on your bags, and I'll even buy at the generous price of 25,000USD/btc if you're nervous about holding and want a quick liquidation. I have a few thousand on hand, let me know

>>59004054
If Bitcoin has no real value then why people mine it? I don't get it

>>59004999
Because they can pawn it off on even bigger suckers than they are. The only people who actually made a tangible product from this are the ASIC designers now lol everyone else is a worthless eater

>>59004054
> no government.
Sounds like an angry Jew banker.

>>59005092
Wait, if you can do that, wouldn't that mean it has real value to those suckers?

>>59004054
>13 hrs. ago

this copypasta was written 13 years ago

>>59004999
>If Bitcoin has no real value then why people mine it?

FOMO

>>59004054
Gold is the original fun money. It has no "tangible value" outside of extremely niche use cases. Bitcoin is the truest successor it can have. These niggas need to read a book every once in a while.

>>59004054
A gathering of the greatest minds r*ddit has to offer.

>>59005853
>Bitcoin is the truest successor it can have.

Its kinda the same idea as printing out 21 million trading cards and telling people that there will only be 21 million of these limited edition trading cards. The only difference is, trading cards are nice to hold and look at.

I hold bitcoin speculation in my hand aka I have nothing but air and dirt.

>>59006178
Yeah but that's exactly what gold is. Gold has value because people simply agreed it had value 2,000 years ago. It was scarce and pretty and could be molded into coins. BTC is just a digitized version of it that.
The whole "no intrinsic value" meme is the biggest midwit trap I've ever seen.

>>59005853
>Gold is the original fun money.

But it can be worn as a status symbol as well. It can also be verified since jewelers, precious metal companies, and stores have machines that can verify the composition of fake vs real gold. You can also find gold at sales, liquidations, pawn shops, auction houses, etc if you know where to look, since people are sometimes not that smart when selling their old things. This means gold can be passed down, at any point (even when death is unexpected), to anyone without the need for passwords.

Gold (or any physical asset) takes into account that people lose things and are prone to making stupid decisions, but gold can still be rediscovered with practically no effort by an average guy at an antique garage sale.

Bitcoin is biting itself in the ass thinking that people are so intelligent that they can safely store btc without making poor decisions.

At least btc is optimistic, but overall, its cost is kinda unrealistic given the nature of humanity to lose things very easily.

>>59006178
Its not even true that "there will on ever be 21 million BTC". Thats a lie laser eyes faggots tell everyone. Consensus could increase the bitcoin supply to whatever number is deemed more adaquate.
The whole "scarcity" bullshit narrative was invented by late normies larping as bitcoiners.
For bitcoin to work it simply has to be hard ENOUGH to mine.
It was never supposed to be a "store of value" and never will be, so the entire argument between these retarded buttcoiners and laser eye michael saylor type idiots is pointless and off topic anyway.

This guy never understood bitcoin or money to begin with.

Bitcoin has value as money, its doesn't need some additional, secondary value. Its like saying a car is overpriced because its scrap value is less that its value as a car.

Fiat isn't technically "backed" either, If its "backed" because a government promotes its usage and is supposed to prevent it from being inflated to some degree. Bitcoin has the same thing, its "backed" by code that protects the integrity of the supply, and is promoted by the economy of people who use bitcoin as a store of value.

Criticizing the mining distribution or track record vs gold are more legit arguments, but don't fundamentally refute the value of bitcoin. People still buy bitcoin because of supply and demand, they trust bitcoin more than other stores of value regardless of whether the mining distribution could be better or that bitcoin has only been around for about 15 years vs thousands of years. Probably because you can trust bitcoin mathematically, vs people don't know how much gold china secretly stockpiles for example, and people don't trust governments not to print fiat.

It took me around 10 years to get totally disillusioned with crypto, and especially the king shitcoin that is bitcoin.
First bought in 2011 when BTC was less than a dollar each, and sold my last BTC in the 2021 bubble. Still have some pocket change ETH but never use it anymore. I've seen many others reach the same realization as me, although the timeline can vary, some quicker, some slower.

If we posit that this is something that many crypto users will go through, but that most people in crypto these days either entered in the 2018 or 2021 bubbles and thus haven't had time to realize it (including whales like Saylor and Fink), then we might be in for the biggest, longest bear market in crypto history towards the end of the 2020s and onward. Perhaps so large that crypto will never recover and fall into relative obscurity.

>>59006167
No need to consider how legacy media and tradfi tried their hardest to convince everyone bitcoin was a retarded scam that was going to zero for like 14 years. Hardly worth mentioning when at the end of the day, the type of faggots that post on r*ddit simply want to conform to the will of the percieved authority and they only need the slightest whiff of plausibility to facilitate that.

>>59006178
Easier to steal, destroy, or misplace a trading card. More difficult to assess the value of a trading card and transport it securely. The blockchain is a utility.

>>59006337
>Probably because you can trust bitcoin mathematically

No one I know who owns bitcoin even care about math or tech. They are all literally retarded cultist type mental gymnastics salespeople pretending that they even care about decentralization (despite btc mining concentrated to the very few who can actually afford to mine them these days).

>>59007502
Those people probably don't have a lot though. Its the people who have multiple whole bitcoin or in the 21 club or have hundreds of bitcoin who have added 100-1000+ times more value than the random guy who just bought $100 or $1000 worth trying to chase a pump. The people who seriously contribute to bitcoin's value understand the underlying value as an alternative money and not just speculative gambling or as a payment system.

>>59007463
>Easier to steal, destroy, or misplace a trading card.

And owning btc or crypto won't do the same thing? Idiot. Cards are literally nice to show off even to the most low iq of people. If people would rather buy designer items than pay rent or taxes, that should tell you a lot about humanity in general. We literally care about what makes us look better than the other guy.

There are alot of ways to make money but crypto is just for lazy people who can mine them and pitch it to other greedy people like themselves. It's promised as a zero effort game in the long run. That's why crypto is pitched around so hard, but it has nothing to do with wanting decentralization. It's easy money without proper regulation for people who can make coins but don't want to put in the effort to learn anything about running a business.

>>59007617
>The people who seriously contribute to bitcoin's value understand the underlying value as an alternative money and not just speculative gambling or as a payment system.

I'm pretty sure even snailposting guy is running on hopium and not actually being a smart investor.

Why is there no daily bitcoin general dscussion? Are they just that aware that there are huge downsides to btc or what? Even xmr has a general and opens itself up to discussion, and they're not even listed on a majority of crypto sites.

>>59006167
AI reply

>>59007693
>Why is there no daily bitcoin general dscussion?
the whole board is a bitcoin general bro

All of that stuff is ChatGPT

>>59006192
gold could be used as a medium for trade...that's why it was useful as a currency. the price volatility of bitcoin and its poor gas prices and speed limits make it impossible to use as a currency in any serious way. which is why its mostly used for black market purchases where speed and gas price arent as big of a deal.

bitcoin has turned into a pyramid scheme. you buy bitcoin hoping it will go up, and so does the person you bought it from, and the person you're selling to. its propped up by its prospect of increasing in value, of which its not even serving as a utility aside from the black market. its a joke

>>59005092
>people set up high tech machines in cheap energy regions and invest millions of dollars because of “muh suckers”

>>59006167
>>59007794
every Reddit post in the history of Reddit reads like it was made by AI

>>59007972
There's nothing stopping bitcoin from being a medium of exchange. It's currently in a multi-decade price discovery phase so the volatility makes it impractical but that will eventually change. Gold's value and scarcity also went through periods of volatility in history and it fucked up economies because of it.

>>59004054
is this guy selling all his btc or giving them away? if he believe they have no value, i mean

>>59007972
>bitcoin
>gas

people who think bitcoin will even 5x from here are reyarded. Do you think national governments will allow it? Have you never heard of CBDCs? Do you think institutions will just allow their power to demish?

gold: literally created by God
bitchcoin: some computer code created by man

it doesn't take a genius to figure out which one is worth holding and which one should be dumped ASAP while you still can

>>59008070
miners are a business. they create bitchcoins and then sell them. the revenue from this minus the costs of operating a zillion miners should hopefully be profit. that doesn't mean bitchcoins have some inherent value. it just means there are currently some suckers who will pay for them. this pool of suckers could easily dry up, and it will, like digital tulips.

>>59009934
Bitcoin was designed not to give a fuck about governments.

>>59009975
Gold wasn't "created" as designed for use of money, man chose to implement money with gold because of gold's properties that make it good for money. Bitcoin has similar properties but even better.

>>59010010
>all the top wallets are owned by mega corps
yeah about that...

>>59009934
CBDCs will just wind up being hacked. If anything we will just see bitcoin climb to 10 million and beyond while every other investing asset dump over the next 20-30 years. Stocks are going to deflate as inflation and lack of skilled labor destroy big companies. Real estate will be crashing against btc as energy generation is more valuable then overbuilt cities. Banks and financial institutions will go bust over time to being compromised by terrible IT. Globalism died in the 90s and monero will be the fiat of the future.

>>59010604
>owned by mega corps
Huh? Are you talking about how the top wallets are exchanges? Because very view "mega corps" have direct ownership of bitcoin on their balance sheet yet. And if you even think that will happen, but its bad, you are already conceding like 100x returns on bitcoin by the time they've bought it all up.

>>59009975
Gold literally exist like every other rock, metal and natural resources
It was retarded humans who saw it and was like damn this shit can be made scarce and turned into money somehow

>>59004054
I wonder what how anyone holding altcoins should feel then anon?
who wants my stack of ethereum, link and filecoin bags?

>>59010652
He has no clue what he's talking about
No other asset class has a more balanced holder distribution than Bitcoin
Governments control gold, silver etc
Institutions control stocks
Banks control money
Nobody controls Bitcoin

>>59010645
CBDCs should be a dead topic already if we're being serious

>>59010658
I'll take all your FIL and delegate it on parasail, can't think of a better use for it than that

>>59004054
I am surprised r/buttcoin still exists. I remember circle jerking about how intelligent they were dunking on fake internet scam money back in 2013.

>>59008143
It's literally an hub for retards
Low IQ takes all round

>>59004054
on your mom's chest nigger

>>59010829
Selling it for bitcoin sounds like a much better use to me
You keep losing money holding different altcoins but never learn

>>59010912
Shitting on reddit as a biz used is crazy

>>59010842
The game they're playing can literally be played forever, because fiat addicts have extremely small time horizons. If BTC hit 500k, then dropped to 300k, they'd be fellating each other about how some people were actually foolish enough to buy this silly internet money. It would be completely irrelevant to them that 300k was an unthinkable price a few years ago as pay 2500 USD for groceries for the week.

>>59010924
Only if you're stupid enough to be over exposed and hold everything
You could literally earn reward on FIL for doing nothing while bagging sail points alongside

IDGAF about the tech I only want to make money

>>59006337
The biggest value of bitcoin that most 1st worlders struggle to understand is that the network itself, the ability to transact with ANYONE without any middleman is insanely valuable in itself.

There are so many instances of banks and payment processors denying transactions. Japan is right now at it with payment processors for them dictating what people are allowed to transact.

>>59012437
how are japanese people responding?

Could some bitcoin believer explain to me the value of this shit? OP has a point, there is no physical value. What value it does have seems to be quickly disappearing too. It's to volatile to be a store of wealth, there is no 100% secure storage, even if you own your own keys on a physical device, and what little security measures are in place are going to be demolished by AI and/or quantum computing as early as this year on the former. It was a good investment in the early 2010s but now it seems to be bumping along the top of it's potential worth and is still subject to large, sometimes 30%, swings in a day. What the fuck is the appeal? What argument would you use to get a nocoiner in on the game this late? Do you all honesty believe it could still 10x again?

>>59012437
Couldn't you make the argument that the proof of concept, while valuable, is just a proof and it's application would be better on some other medium? I honestly feel like Bitcoin and it's inflated value is holding back the field. It's choking out more viable options for that very purpose simply by being so successful. If decentralized currency was your end goal shouldn't you be using the new AI tools to code up a new block chain that is resistant to AI and trying to implement it over the Bitcoin block chain?

>>59012437
yeah.. nobody uses bitcoin to transfer money regularly unless they are engaged in high risk business. middlemans are just too convenient and cheap once you account for exchange fees and forex. I'm almost certain eth and other alts are used for transferring money at a much larger scale than btc.

>>59012950
politicians are getting involved and asking VISA what's going on to which they're getting a bunch of non-answers and passing the blame around.

>>59013022
Being able to transact digital currencies with no middleman is not a proof of concept. It has been operating with like 99% up time for the past decade. It's a massively successful network and one of the greatest innovations of financial history.

AI currently isn't at the level to contribute new ideas as of yet. It just improves productivity. Otherwise I don't understand your complaint about its "inflated value" holding back the field. The Ethereum ecosystem is doing just fine and the banks are super excited to jump into the blockchain world.

https://www.youtube.com/watch?v=zxAgrSbwXZQ

>>59013252
In general, people are trading via stablecoins (primarily USDT) primarily as opposed to BTC. Ethereum and the rest of the EVM chains are an improvement upon the BTC Network, but that doesn't invalidate the success BTC has. It only shows there's growth in the industry. The BTC Network is a successful completed project.

Ah, *gold*, you say? The shiny metal everyone’s so obsessed with lately. Honestly, I think it’s nothing but a passing fad. Sure, in theory, it’s supposed to be this universally valuable asset, but is that really the case? It’s just another monopoly dream that’s only valuable because people think it’s valuable. There’s no real backing behind it—no crops, no livestock, no government saying, “this has worth.”

Remember when you could just *find* gold in a riverbed? Back then, anyone could pick it up, put it in their pocket, and feel like they’d struck it rich. Now? Good luck. The whole thing is dominated by massive mining operations. These big companies have all the equipment, all the resources, and they’ve cornered the market. They’re the ones who get to profit while the rest of us are left sifting through the dirt, hoping for a scrap. And people say this is the future of wealth?

And let’s not even talk about its so-called *value*. What can you even do with gold? It’s a shiny rock. It doesn’t grow food, it doesn’t provide shelter, it doesn’t power machines. There’s no real use for it, not like something truly valuable—like grain or timber. Those things have real, tangible worth. Gold? It’s only valuable because people *believe* it is, but it’s not backed by anything substantial.

Honestly, this whole gold craze feels like a bad joke, and the punchline’s going to hit us when we realize it was all just glitter.

>>59004054
>individuals cant participat
retard take
>no real value
neither does any currency not backed by gold. however bitcoin has a massive network of miners spending real electricity to protect the network from inflation and attack

>>59004054
>remember when you could mine but now you can't lol
I can't wait for 2035 posts that say, remember when you could own a wholecoin but now you can't lol? Bitchoids rekt
>>59006167
Literally fiat but it's even worse because it can be made by a literal pen stroke

>>59013551
The complaint of inflated value holding back the field is that anybody can see that Bitcoin isn't the destination. It's a stepping stone to where we should go with a decentralized currency. By all rights it should have been long since abandoned for better alternatives, like the ethereum network. Instead, we clinge to it because it's "valuable" but no one is able to really nail down why.
AI is already able to break aspects of the block chain and it will only get better at it as time goes on. If you where smart, you'd be using AI to make an even stronger version that could guard against itself. Admittedly, the exploits that exist today are heavily reliant on brute forcing and you need a government super computer to do them, but they still exist. As time goes on it will become more accessible, especially if quantum computers hit the consumer market, which is looking increasingly likely.

>>59004054
nah, it's not broken, it's actually self-serving and auto sustaining, (systems like unicorn.meme of perpetual airdrops wouldn't work otherwise), its not the tech dream we hoped for, but its working fine alright

>>59012437
>>59013022
The ability to transact, without trust or censorship, is only important because its a requirement to implement a decentralized money. But the actual thing that drives Bitcoin's value is that its a decentralized money, not that its a payment system.

It is very trivial to create a P2P payment system, in fact that's basically what checks are. You can write a check to pay someone without having to go through any centralized system like a bank - until you cash the check. And you can write digital checks. That's not unique or valuable. You can send money to whoever you want in a decentralized way but the thing you are sending the units, bank deposits, are entirely controlled by the bank and denominated in unites controlled by the central bank.

The real unique, valuable thing about bitcoin is that its money where the total supply and ownership cannot be manipulated or controlled by anyone, that's 99% of the value. Same with gold, bitcoin is just a better gold. And to implement it you need some low level way to transfer coins, but it doesn't need to scale. The end product is a ledger that says who owns what amount that isn't controlled by anyone.

It would be great if Bitcoin did scale but current internet bandwidth and storage growth rates can't support a distributed ledger that scales as a consumer payment system. Because everyone around the world has to know about every one else's transactions in real time and has to store them forever. Its just too much bandwidth and the storage over time. Scale will have to be done with secondary channels like lightning where only the payment routers have to know and they don't need to store it forever, only in bulk aggregated amounts to the main chain.

>>59014967
>Because everyone around the world has to know about every one else's transactions in real time and has to store them forever.
You don’t need to store them forever. This is an incidental side effect of legacy technology like btc. The truth is that being able to see Alice sent 0.003 btc to Bob in 2012 adds zero value to a digital payment or store of value system. A system which achieved the same thing - as you say, a p2p permissionless ledger, without being constrained by slow speeds or state bloat, is plainly superior. Bitcoin’s only advantage at this point is that it came first. But that’s not enough to maintain an advantage indefinitely. Gold came long before BTC

>>59013008
"AI" can't just magically hack bitcoin or something. AI is not a threat to bitcoin. Bitcoin is fairly resistant to quantum algorithms as long as you use a normal wallet that never reuses a single address. I don't think we are anywhere close to quantum computers but there are a lot of things that will get fucked up first before bitcoin.

>>59015026
>You don’t need to store them forever. This is an incidental side effect of legacy technology like btc.
There is simply no way to implement a distributed ledger like that, without introducing a requirement for nodes to be online to protect their coins. For example, if you store your bitcoin now, you can fuck off for 10+ years, come back and sync the chain and verify mathematically what the real chain is. While for a coin that uses snapshots or something you have reset your origin of trust, you have trust a new genesis/snapshot and you have no way of knowing whether transactions/balances were altered. You can only remain trust-less if you remain online. Like with lighting, if you don't run your client every so often your coins can be stolen. Its a trade off.

>>59014790
Anon, there's no real development taking place on the Bitcoin network. Everyone moved on to greener pastures back in 2014-2016 where Ethereum is the most successful of the successor projects. I don't know who you're paying attention to or how you're deducing that the Bitcoin is holding the field back. Bitcoin is not and has not been the end all be all of crypto, of blockchains for almost a decade now. If smart contracts were feasible on the chain, then we'd be in a different timeline. But Bitcoin is a mere blockchain removed from a world of space of massive innovation and development within the same industry.

And you'll have to elaborate on how AI is breaking aspects of the blockchain.

>>59014967
>The ability to transact, without trust or censorship, is only important because its a requirement to implement a decentralized money. But the actual thing that drives Bitcoin's value is that its a decentralized money, not that its a payment system.

Speculation is playing a role, and being the god father of decentralized currencies is why it's became the massive juggernaut it is, but this is underpinned by it being the first true and successful electronic currency. You can call it trivial, but that's a massive feat wasn't accomplished before the bitcoin.

>>59006167
>people are told it has value

>>59015094
>being the god father of decentralized currencies is why it's became the massive juggernaut it is
Its important because its the most objective, real coin. Every other coin is basically a fork with some justification to change the rules, which undermines the true trustlessness. If you just start out if the first cryptocurrency, bitcoin, you can follow the chain in a completely objective, mathematical way to the current state today 15 years later. And so you can be pretty sure your bitcoin will still be protected by the same rules, security, supply guarantees 15 years from now. If you use an alt you're basically changing the rules and say ok THIS is a better store of value, this should replace bitcoin. But then there is no reason for anyone else to create yet another new coin and declare that the better store of value, it starts to defeat the purpose. Bitcoin is just the most objective "real" store of value at this point.

>>59015094
https://www.tomshardware.com/news/quantum-computer-development-could-put-bitcoin-security-at-risk-by-the-2030s

https://www.linkedin.com/pulse/can-artificial-intelligence-crack-bitcoin-code-august-schnabel-uqdef

Since you're not capable of using a basic web search function, here's what I found in two minutes of looking.
I also don't pay attention to Bitcoin. I hear things obviously through my media intake but why would I pay attention to a valueless collection of numbers that would disappear if someone threw the power switch? I invest in physical goods and the companies that produce them. No argument presented here, or in other places, has convinced me that bitcoins only value is in its proof of concept. The only reason you can sell one for five digits is because some moron is willing to pay you for it. I'm happy for the people that made money in it, but it's luck. You gambled on an idea that has no real world physical, hold it in your hand, value and won. Good job, but it's still gambling.

>>59011003
The main reason /biz/ is at it's current state is that in 2021 biz went from a fairly slow board to the fastest board while being flooded w/ redditors at a ratio 10:1. It feels like the demographics have changed to the point that over half of the regular posters here now are from reddit, and it's easy to tell because they are all fucking retarded.

>>59015269
>threw the power switch
You're being a little reductive here. Also,

>gambling
Can I put money into a casino on a weekly basis and consistently come out ahead over a number of years? I had no idea it was so easy.

>>59015445
One Carrington event later, you have no money. Everyone stacking silver or gold would never let you forget it. You'd literally have no money, assets, or proof if the lights went out. Don't pretend that it has real world value. I will make fun of you relentlessly.
Also, professional gamblers exist. They understand their odds, the math behind their wagers, and they don't always come out ahead. Calling investing in crypto smart only applies to people who have already made their money and cashed out. If you're still in crypto it's a hairs breath away from any other form of degenerate gambling.

Bitcoin did succeed. Just not in the ridiculous bullshit that satoshi imagined. It became another asset class for diversification.

>>59015269
Anon, YOU (or the other guy there) are the one making the claims that "AI is breaking aspects of the blockchains" and yet you're posting some crap about quantum computing? Which is years away and we have a solution for that when it comes?

And a quick skim of your second link has

> AI could launch a 51% attack!

As in assemble the necessary amount of hardware to control the network like some other attacker currently?

> AI could look at onchain data and make predictions to trade against traders!

Like what high frequency traders do right now?

> AI could come up with a new algorithm to attack it!

How about we focus on the claim right now; "how is AI breaking aspects of the blockchain"?.

>No argument presented here, or in other places, has convinced me that bitcoins only value is in its proof of concept.

Anon, the BTC is currently worth over $60K a coin, persisted over a decade, is recognized by nations, and spawned an entire movement of innovations. Just because (You) don't understand its value, doesn't mean its value does not exist. I own less than $500 worth of BTC and I know better than this. Get off your giraffe.

>>59015192
>Every other coin is basically a fork with some justification to change the rules, which undermines the true trustlessness.

No, dude, absolutely not. Ethereum was started by a bunch of disgruntled bitcoin maximalists because they couldn't build the decentralized, trustless protocols they wanted to make on the bitcoin network. The bitcoin network is not fit for smart contracts, the most important innovation of the industry.

>>59015741
>spawned an entire movement of innovations

There's innovation? I thought it was just a bunch of miners getting in on the grift by selling to gamblers.

I have a small btc miner that makes like, 6 cents at most each day, but I don't plan on buying anything bigger and it just sits in the background as passive income. It doesn't take up as much of my attention as other methods of easy money like answering surveys, exchanging receipts, turning in cans/bottles for recycling, etc. There's a bunch more avenue and innovations to make cash than a btc miner but it takes effort.

>>59010735

>>59015630
as if gold would be useful in that situations. when supply chains are disrupted and food becomes scarce, nobody will gaf about your shiny rocks fucktard. the value of gold is just as speculative in nature as digital currency. if anything, cash will become the defacto medium of exchange as long as there is a decent supply left in the hands of the common people because 90% of the population owns 0 physical gold. cash is at least somewhat ubiquitous even if most usd is just data floating around in the banking system

>>59015811
That's a really stupid opinion mate. If a shtf situation happens and you're sitting on a supply of food or other resources, you'd rather have cash over gold or silver? Fuck no.
Also, precious metals are in most of your technology. It has applications in high society, not just in it's natural scarcity or how shiny it is. I can't believe you typed that out thinking you where going to make a good point. Holy shit, you're retarded.

>>59015865
heres your totally necessary shiny rock with objective god given value bro. industry demand is definitely the reason its $2600/oz right now, they're practically running out of it at this point.

>>59004054
If you don't know anything about fiat money or have a basic grasp on the history of trade, you need to shut the fuck up and lurk moar.

>>59015865
Making shiny teeth for niggers is actually not a positive property of money.

>>59005104
underrated af!
but the fact that kikes are now heavily invested in btc remains a problem, they’ll try to controll it. and if kikes stay too long near your property, well it becomes like palestine today.
yes yes I’ll go back to /pol but you know it’s the truth.

>>59015769
Not trying to be condescending but have you heard about smart contracts?

>>59015945
>Market cap of Bitcoin
Roughly 1.2T
>Market cap of global gold supply
Roughly 12.5T
Looks like the market values things with actual value at about 10x your imaginary numbers floating around the air. Better luck next time.

>>59016024
I've heard of contract laws, yes.

>>59016039
Actually I'm studying securities regulation and its history. 2022 Ed by Foundation Press. But I'm not reading through it as much as I'm studying handwriting stuff.

>>59016039
>>59016054

I'm talking about code.

Have you ever had a deal with someone where one of you would do X and one of you would do Y in response? And when X happened, Y did not happen, meaning the deal fell through because someone did not hold up their end of the bargain? This is what smart contracts are designed to tackle. It was initially started on the bitcoin network, but the bitcoin script for the network was too limited and so developers sought greener pastures in building new chains to better accommodate this technology. Ethereum is the biggest success story of this developer migration. Yes, the market is marred by people looking for a quick buck, but this is meat and potatoes of the entire crypto industry and it's far bigger and far more revolutionary than the bitcoin network.


https://www.youtube.com/watch?v=_JeRq7Gwj5Y

Here's a video reexplaining it, but I ask you to really ponder the personal scenario I brought up of you having the experience of a deal falling apart. Understanding and relating with that experience is key to understanding the goals of Ethereum, Chainlink, and identifying Web3 projects that care about the technology and impending revolution.

>>59016031
monkey brained gold collecting nigger argument. I am not even going to entertain this bait.

>>59016141
Not an argument, double nigger.

>>59004054
There were a hundred Bitcoin like systems made before Bitcoin. It's just that Bitcoin came at the right time with the right marketing to take off. There's been improvments made to the problems this guy is talking about but for some retarded reason everyone thinks Bitcoin is the one and only. It's like refusing to upgrade to CDs and USBs and only sticking to floppy risks because they were one of the first external storage devices

>>59004054
Wonder how all the SUI holders are feeling right now. Maybe time to dump those large caps like ETH, LINK, and NEAR, and stack up more SUI.

24/7 trustless borderless value transfer and storage at a discount