/biz/ - Business & Finance

>>9676292
So it's basically like Euro.

This kills crypto

>>9676292
>Rothschilds on suicide watch

so jews who wreck countries and force austerity on normal people for their own gain dont like bitcoin? GOOD WE COME TO KILL THE JEWS AND THEIR MONEY OF SUFFERING

>>9676320
How will crypto ever recover from this? Pro-tip: it won't.

>We can't print it out of thin air to pay for the ethnic replacement by third worlders

oy vey

Bitcoin may not be a currency, but Euro is money.

oh noes!

It's scared.

>Noone is backing it
It's backed my mining and electricity consumption. It's literally the only asset nobody can take away from you.
>It is not widely accepted
It's getting more and more accepted. Personally I only have to buy groceries for fiat, but soon, I'll figure that out too.
>Users are not protected
You mean retards are not protected. You could always use smart contracts to get your money back in some terms.
>It is too volatile
It's only true for now because of low market cap. Soon crypto will be trillions of market cap and become as volatile as fiat/gold

>>9676292
>it is too volatile

keked

Fiat money isn’t backed by anything since the cancellation of the golden standard.

>>9676382
Yet you can fork it to oblivion.

Fiat and crypto are both garbage. Shrimp/trading card master race

Hitler was right. Jews are the scum of the world.

>>9676292

1. Fiat is backed by nothing but the happy thoughts of (((bankers))), Bitcoin is backed by a globe spanning supercomputing network, energy, and math.
2. Personal responsibility and accountability > saving brainlets from being brainlets and trusting criminals (such as bankers)
3.Volatility is just a matter of market mechanics on a low volume asset class, as more value enters it'll stabilise, same as a penny stock stabilises when it becomes a blue chip.
4. Acceptance is due to regulatory barriers, not the technology - which is driven by banks.

Can you feel it coming Juden? Rope time is VERY soon now, and this time it'll be a lot more than 6 million. Italy breaking away will lead to yet another surge in crypto adoption - every scam you pull, every economy you destroy just makes us stronger.

>>9676413
its backed by the faith of the people that accept it...much like crypto

imho the central banks must be concerned. they would have accurate details of fiat fleeing their system and cannot allow free people to be financially independantly of their slave system

>>9676413
It's backed by the State, which has monopoly on force. Basically it's backed by the State's force. They say you need to pay taxes in THEIR currency. If you don't you'll go to jail. If you refuse to appear in court or go to jail, they will come to get you. If you still resist, you will be shot. So ultimately, currencies are backed by the State's power to shoot you in your fucking head and blow your brains out. It's a pretty solid backing if you ask me.

>>9676486
So you're saying BTC needs an army to back it up?
Anyway, thanks to privacy coins, the state has no idea how much money you have and what you spend it on. So good luck enforcing tax on it.
Also thanks to the government getting less and less tax, they gradually lose power to enforce even their own currencies.

>>9676486
and this is what they will try to do with THEIR crypto in whatever form that takes

>>9676510
>So you're saying BTC needs an army to back it up?
remember the east india company was able to finance a huge mercenary army.
what will crypto whales be able to do 10 years down the road?

>>9676418
This should be as good as a $100 bill

>>9676439
>he fell for the holocaust meme

>>9676393
>It's backed my mining and electricity consumption. It's literally the only asset nobody can take away from you.
>>9676443
>Bitcoin is backed by a globe spanning supercomputing network, energy, and math.

lighting a $100 bill on fire doesn't make the ashes worth $100
you can't turn money (hardware depreciation and electricity) spent on printing bitcoin back into real-world usable things.
even if a lot of money is spent to secure and duplicate a ledger of transactions it doesn't mean entries on the ledger have any inherent worth.

>It's too volatile
It would be less volatile if trading was not penalized by tax.

>>9676618
thus bitcoin is just another fiat currency, but issued by chinese mining farms and "foundations" out to line their pockets with greater fools' money instead of your local government

>>9676597
6million is a meme. the holohoax is an folk tale, like sasquatch.

>13 Feb 2018