/biz/ - Business & Finance

[Anonymous No.11730930]

Tell me why decentralization is a good thing and why does we want cryptocurrency value to increase over time, when now USD is decreasing in value over time?

[Anonymous No.11730990]

[Anonymous No.11731015]

>>11730930

here pajeet

inflationary currency = less valuable over time = people using the currency losing their purchasing power over time

non-inflationary currency = goes up in value over time because there is no entiry to dilute the money = people using it get richer

[Anonymous No.11731016]

Why don't you Google it or watch ANY YouTube video on the matter?

[Anonymous No.11731066]

>>11731015
>people using it get richer
They lose the money, people saving it get richer
>>11731016
shut up pajeet

[Anonymous No.11731067]

We have ways of representing the real world with digital systems of account, but our systems of account require something backing it for it to have teeth. Time has shown, again and again, that if distortions in systems of accounting can occur, that savers will be separated from their wealth.
With Bitcoin we have an attempt at establishing a digital system of account backed up by hard problems creating surprising, limited information for use in a global system.
The tokens back the trade and are entirely self-contained with third parties being an optional step.

[Anonymous No.11731120]

>>11731067
so saving is not a smart thing to do but to use the money? Isnt that what jews tell us to do

[Anonymous No.11731134]

>>11731120
Saving is the first step to establishing a stable value in the market, which then allows the thing to be used as cash/as a thing to back cash

[Anonymous No.11731236]

>>11731134

[Anonymous No.11731259]

>>11731236
Where you put your faith and credit matters. If you use something to save the information created by you expending energy and time at some point in the past, you are constantly using the item that is saving that information.

[Anonymous No.11731328]

>>11731259
im too stupid to understand this

[Anonymous No.11731368]

>>11731328
Few do, distortions in market prices swallow up the productivity and wealth that would otherwise be in the hands of people. It happens so gradually that it generally goes undetected as a feeling, yet known as a fact.

If the average person feel the affect of inflation -- yet knows it is taking place -- and can barely account for debt in their own personal records, how many people are projecting outwards and figuring what a debt-to-GDP ratio of 106% may be doing to America as a nation?

Good luck, anon. I hope you see the opportunity.

[Anonymous No.11731380]

>>11731368
*If the average person doesn't feel the affect of inflation

[Anonymous No.11731505]

>>11731368
Yea I got the "not feeling it" part. It's so gradual yet everyone knows inflation and that for eg. milk carton is a bit expensive every year

[Anonymous No.11731526]

>>11731505
Just as inflation is so gradual and not known as feeling, so too are the distortions that sever the rightful owners of wealth from their treasure.

Debt will become more expensive to service than medical care, and eventually war itself.

[Anonymous No.11731619]

>>11731526
Why does it become expensive? Doesnt nations already have trillions of debt and just keep piling it like it doesnt matter?

[Anonymous No.11731742]

>>11731526
What are these "distortions", that sounds like you're talking about hypotheticals, not realistic scenarios.

[Anonymous No.11731859]

>>11731742
Inflation and economic depression atleast get people out of their savings

[Anonymous No.11732957]

>>11730930
>Tell me why decentralization is a good thing
Centralization creates a central point of failure. If they get robbed everybody gets robbed. If they make a poor decision, everybody made a poor decision. If they're corrupt, then everybody's corrupt.

Under a decentralized system, the consequences of those problems are more isolated.

Let's say the chinks shut down Bitcoin's largest mining pools. That's just fine. Other miners from around the world will take their place and the network will live on.

>why does we want cryptocurrency value to increase over time, when now USD is decreasing in value over time?

Sick gains encourage adoption, faggot. This is the first revolution that makes everybody rich, rather than dead. If you join the winning team, you'll be wealthy. If you stay with the losing team, you'll be poor.

[Anonymous No.11733461]

>>11730930
because, dude, *inhales bong hit*, the evil reptilian jews control the governments and banks and want to drain our energy to create the mothership to jew planet, crypto is our only weapon against them and bring down their evil system

[Anonymous No.11734424]

>>11733461
>unironically correct