/biz/ - Business & Finance

[Anonymous No.12165697]

So some Boomer fund manager in a candid discussion on investing told me that blockchain is just a fancy database with no disruptive potential.

I couldn't counter this.

[Anonymous No.12166048]

>>12165697

So the Boomer's are right.

Exiting crypto right now, and putting my money into cash flow generating Boomer stocks.

[Anonymous No.12166085]

>>12165697
>>12166048

Shit mate. This scares me. Gonna go buy Mr. Shekelsteins bags on the stock market, brb.

[Anonymous No.12166088]

>>12166048
good job. you're a critical thinker unlike the rest of these idiots. anyone with a brain knows that stock indexes backed by actual companies are better to buy than digital 1s and 0s backed by literally nothing but some chinaman's goodwill

[Anonymous No.12166263]

>>12166088

I've been reading some SEC filings for Boomer companies because I'm topping up my 401K and looking to load up, and just comparing some "crypto" related public companies to real businesses with real products producing real cash flows, just made me realize what a crock of shit crypto really is.

Sure, you might have a nice weekend hobby to tinker around with if you're into coding stuff, but this garbage has no real business application and the prices are still hilariously inflated.

Why are shitcoins with no income worth more than trash-tier pink sheets penny stocks?

[Anonymous No.12166986]

To just imagine what I income-bearing assets I could have purchased with the 400K I made in December, and then lost, makes me suicidal.

This fucking garbage will never go back up. Too many people got burned.

[Anonymous No.12167061]

>>12165697
the blockchain is "just" a distributed trustworthy database.

[Anonymous No.12167072]

>>12165697
I struggled to see a lot of use cases for Decentralized transaction recording (other than a replacement/redundancy for a current system).

But, after paying some attention to what's been happening with people like Sargon of Akkad, and how they're being treated in an unethical way, I strongly believe forms of Decentralization are a necessity, as Society seems to become more Censorship based of Alternative Opinions. And I'm not some Alt Right cheerleader, but people deserve to be enabled to have opinions, and express free thought. Even if it incites violence. Better that than the constriction of Thought.

Things like BAT came to mind. I'm sure there are others. Skycoin is also seeming less memey.

[Anonymous No.12167121]

>>12167072
To be clear, I'm not implying Sargon is a supporter of the Alt Right. He isn't.

[Anonymous No.12167176]

>>12167072

I think you're wrong about society. The vast majority of people are slaves by nature, decentralization has a niche use case. A few racists maybe and some pedophiles trying to score child abuse anonymously.

[Anonymous No.12168190]

>>12166088
Nice try, Herschel. Traditional securities are an even bigger scam than crypto. We are fast approaching a technological singularity and anyone with a brain can see this coming. Just look at what Maker DAO has managed to achieve- a decentralized and permissionless token pegged to USD.

[Anonymous No.12168238]

>>12168190
>Just look at what Maker DAO has managed to achieve- a decentralized and permissionless token pegged to USD.

And how much wealth has that created?

[Anonymous No.12168244]

iTs JuSt A fAnCy DaTaBaSe

[Anonymous No.12168329]

>>12165697
Store of value isn't a meme (i.e. Bitcoin). Look at the market cap of gold. Most of gold's market cap is due to specualation/hedging/store of value.