/biz/ - Business & Finance

>>9490279
Crypto hasn't even started. It's been 20 years and fiat on the internet just does not fucking work. Crytpo is the last piece of the puzzle for the cyberpunk future.
But boomers will keep telling you it's fucking cloud 3d tv or some shit.

>>9490333
Checked

>>9490333
Fiat doesn't work on the internet? Wat?

>>9490333
>cloud 3d tv
checked

>>9490333
It's been almost half a year now of straight losses and the market is half the size it was in January. This despite the fact that thousands of crypto companies are competing to develop products for the mainstream. It doesn't look like adoption is ever going to happen at this point.

Cloud computing is pretty big, people can host larger and larger webapps without having to worry about buying new servers which is pretty big. But yes, blockchain technology and smart contracts will be much bigger - it's only barely caught on

>>9490366
Internet, is an international network. It logically requires an international currency standard to complement it, which is what these cryptocurrencies are trying to be.

>>9490411
Lol wut, it's just someone else buying the servers, no net improvement.

>>9490279
Newest investment ur mom
everyone is "adopting" that t b h

>>9490397
>I didnt get my cyberpunk utopia in 5 months so it will never happen
I swear crypto users are the least patient fucking people ever

>>9490411
Cloud computing has been around for like 15 years now.

>>9490411
"Cloud Computing" is just a fad word for describing the client-server function that has been around since the inception of the internet.

>>9490411
CC is more of an economical innovation than a technological innovation

>>9490427
and blockchain has been around for 10

>>9490423
>5 months
Bitcoin was created almost a decade ago.

>>9490423
most are just here to get rich overnight anon, they think 2017 repeats

>>9490333
Can confirm, 18 year old boomer here who thinks crypto is cloud 3d tv.

>>9490440
Difference is that cloud computing has been at full adoption for over a decade now. The entire internet pretty much runs on amazon or google web services. Crypto has gone absolutely nowhere except in speculative markets.

>>9490366
Fiat on the internet is a fucking mess. It can't work. Micropayments are impossible, anonymous payments are impossible, selling anything is some insane gamble because of retarded chargeback policies.

>>9490467
yeah crypto is garbage i'm just here to make money, not expecting it to do anything useful whatsoever

>>9490480
Possible just not with btc. All those things can be rectified with another coin, but btc can act as a gateway to it for the foreseeable future.

>>9490493
Then you're just a cancerous leech on society and are no better than the jews.

>>9490333
>>fiat doesn't work on internet.
What is Amazon faggot.

>>9490279

After crypto (which is NOT done yet, Boomersare barely in yet) it'll be AI shit. No, not DBC and stuff, actual AI. Next market crash, use your crypto gains to buy up EVERYTHING related to Machine Learning, software, hardware, mining companies producing require rare earth elements, the lot. Then, when automation kills half the economy you'll be like a Saudi prince - sure you're a lazy useless fuck, but your passive income from owning enough of a critical set of resources means it doesn't matter,

>>9490511
lol cope

>>9490413

Yep. Programmatic ways to transfer value, like a financial layer has always been a need. Shit services like PayPal etc need to die.

>>9490529
If AI really does kill half the economy, the public will probably revolt and socialism will kick in, so that money won't last very long.

>>9490516
>What are micropayments.
>What are cc fees.
>What are forex fees.
Fiat on the internet is shit.

>>9490480
the bit coins are a fucking mess too, there's no point in having an account of them because you don't know what they would be worth when you want to spend them, the only way for norman to use them is to exchange at the time of purchase, so they merely relegate to a cumbersome backend payment channel. the retailers would save on fees, but they can't offer discounts because of the uncertain value and cop fees changing back to valuable fiat anyway

>>9490516

Can tell you don't do any online business. It's a fucking nightmare, with broken garbage like Paypal, massive fees, chargebacks etc.

>>9490516
>What is Amazon faggot
I've never heard of "Amazon Faggot", I just use regular Amazon.
>>9490506
Ok it's not really relevant because it doesn't matter to me what coins succeed. But I don't know how anyone can believe it won't be BTC. You know what will happen if some other coin comes up with fundamentally better tech? BTC will steal it. Just airdrop it or fork it and bang, BTC is now a DAG or whatever.

>>9490555

Nah, full Automation means production costs will plummet, and careful investment by governments will mean they can sustain a UBI system. So the masses will have enough bread and circuses to be satisfied.

>>9490581
jesus fuck your a brainlet. Bitcoin cant just "switch" you spastic. Getting consensus is near impossible. We couldnt even agree on a 1mb block increase without causing an all out war - how the fuck do you plan on smoothly just changing.

I feel bad for people that bought into the peak of a massive bubble but you need to get your head out of your negative emotional state and realize there is still no better investment opportunity out there. This is new tech that could revolutionize nearly every industry. There is active development happening and for the first time, products and deliveries are being discussed. Institutions are taking notice and setting up divisions and trading derivatives. If you take your money out of crypto, where do you put it? What has this potential, even at in its current bear market sentiment? Take some deep breathes and park your coins in a cold wallet. We may never accelerate like we did in 2017 but its just a taste of what crypto will inevitably achieve.

>>9490581
kill your fucking self

>>9490624
pretty much this, huge upside, but from here it might come to down to specific coins rather than a 2017 style full bull

>>9490622
>your a brainlet
Put your money wherever you want IDGAF
>>9490634
Genuinely curious why you're so mad

>>9490279
I would venture to say now that money does no longer reward you with at least a decent-looking wife (or gf at least) that the incentives are not there for young nerds to want to make money and most just waste away in video-games.

>>9490736
Crypto does provide class moblity. It's why $800k watches and lambos aren't grotesque displays of wealth, instead it's hope for a generation that has had all potential avenues of class mobility pillaged by the boomers.

>>9490480
You're bringing up specific use cases that the majority of consumers don't care about. Your list doesn't explain why fiat doesn't work on the internet. I buy 80% of my purchases online. With fiat. I've never had a problem.

>>9490413
It's international but markets aren't. the majority of my purchases are from 3 countries and I've never had an issue converting currency. My credit card handles it automatically.

>>9490422
>ur mom is a store of value
Checked and kek'd

Wanna know what happened?
Multiculturalism and race quotas, leeching on white people who apart from the rich elite are struggling to survive or paying for Shaniquas 10 kids.
Did you really think all the niggers pajeets would take over and continue to innovate? lmao
The world is going down the drain. Innovation lol ...

>>9490931
It's every use case. Anywhere that fiat is used on the internet crypto can do a MUCH better job.
In many cases crypto opens up entire new industries. Obviously micropayments can be useful in content platforms like youtube.
More fundamentally it opens the door to a real node economy. Any decentralised node network like you would use for cloud computing, or TOR, or torrent networks can now accurately incentivise node operators. This is something that fiat could never do.

>>9490575
I personally run an e-Commerce store pulling in anywhere from $5-20k monthly.
Been running it for over 3 years now.
I get a chargeback like once every 3-4 months. And you can fight those if you're shipping actual items and can provide tracking information and all that.

Paypal works fine for online transactions.
Pic related.
I don't see it taking over for that use case anytime soon.

That said, I'm more bullish for bitcoin being digital gold. If you've ever had to deal with hundreds of thousands of dollars through banks... they flag everything, ask for documentation of source of funds, or threaten to freeze your account, and I've even had the bank manager pull me aside for making huge cash deposits (several thousand dollars in cash), getting interviewed like I'm some kind of criminal with drug money.
And they can't even understand when I explain I have an "online store".

Bitcoin is like storing your money in offshore accounts with shell companies, except you can access your money everywhere. I'm extremely excited when it becomes widespread enough that I can finally deal in tens or hundreds of thousands of dollars without going through banks and getting treated like a criminal.

>>9491349
>bank manager pull me aside
>bitcoin
Quite the overreaction there.