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/biz/ - Business & Finance

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12346302 No.12346302 [Reply] [Original]

fiat isn't backed by anyth-

>> No.12346310

-ing except trust in a centralized authority that can and will print more fiat at will and devalue your savings, and that same centralized authority is growing more inefficient and less powerful by the day

>> No.12346343

>>12346302
oh so they are going to shoot me with a jet fighter because i pay my groceries with Bitcoin?

sure OP

now fuck your mom

(((they))) are behind Bitcoin core

>> No.12346345

>>12346310
Like eferium or buttcoin?
Can print more will print more.

But its not possible.
- it is because you can fork any coin and therefore create more money

>> No.12346482
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12346482

>>12346310
>less powerful
No, they just keep their power level a secret for now.
There's no need for them to show their hand until the next major conflict.

>> No.12346494

>>12346345
Gave me nice laugh, thanks anon

>> No.12346500

>>12346302
Ing

>> No.12346504

People don't realize that BTC can be forked infinitely, thus infinite inflation. Wall street can also create futures like they did for gold, and with naked short selling also create infinite fake bitcoin and drive the price to zero over time.

>> No.12346516

>>12346343
>bitcoin core
Wow such fucking autism

>> No.12346522

>>12346345
Can copy the userbase retard.

>> No.12346525

>>12346302
The dollar and the yuan are backed by oil

>> No.12346528
File: 172 KB, 900x761, Ту-160_eng.jpg [View same] [iqdb] [saucenao] [google]
12346528

>>12346302
lol

>> No.12346532

>>12346343
It will be fun watching bastards like him wagecuck in a few years when im free

>> No.12346560

>>12346528
wow OP will now go all in russian rubles lol

>> No.12346679

>>12346345
imagine being this retarded
holy cow

>> No.12346732

>>12346302
I learned this at 14. money was always fake

>> No.12346751

>>12346482
Do you think all of this high tech military equipment runs on magic?

Good luck paying for food, fuel, wages, equipment and everything else when the dollar becomes worthless

The amount of manpower it takes to run one jet is incredible, and is only fueled by debt

>> No.12346824

>>12346302
USD is backed ultimately by force, but primarily by taxes. When money is printed by the FED, the interest rate due to the FED for printing USD is paid by the state, i.e tax payers.

It is the capacity of the wagecucks to pay their taxes to garantee thrust in the USD.

>> No.12346829

>>12346824
Oh by the way i should have added this, but the FED is not public, like many still think, but private. It is owned by private banks, who are owned by... You know who.

>> No.12346831

>>12346504
You are so stupid it's funny. Even with perpetual swaps you can't have an influence on the spot during a longer time than the funding time.

>> No.12346837

no, you have it backward, like everybody else. the military only exists because the government is able to pay for it

>> No.12346847

>>12346343
it amazes me how easily people like you have fallen for the divide and conquer strategy against bitcoin. enjoy your bitcoin ((cash)), or your infinite supply of ((altcoins))

>> No.12346851

>>12346310
The Fed can also increase the value of savings through higher interest rates, which apparently make people just as buttmad.

Also that central authority has nuclear weapons, you best hope it doesn't collapse.

>> No.12346879

Can someone explain to a brainlet how does the military "back" the dollar? If the dollar crashes, how would the military increase the value? And how would the solders be paid?

>> No.12346937

>>12346879
In the last instance, they are a force that can expropriate real value, i.e. commodities, to pay taxes.

>> No.12346951

>>12346302

Ok so when the military becomes too weak to bully what happens then

>> No.12347158

>>12346302
it's backed by ace combat?

>> No.12347166

>>12346345
why aren't you forking bitcoin once a day and doubling your money, anon?
lmfao

>> No.12347182

>>12347166
This. Only meme chains actually get any value, and only memes have value so...

>> No.12347186

Believe it is called petrodollar for some reason or other

>> No.12347193

>>12347186
*drills for some oil.*
Wtf? The American military is already here to invade me!

>> No.12347197

>>12346302
this guy gets it

>> No.12347203

>>12346345
>it is because you can fork any coin and therefore create more money
not without a lot of money and coordination if there is proof of work. if proof of stake then yeah, POS coins are worthless for this reason. it was in their name all along... POS

>> No.12347244

>>12346302
money is debt
military is financed by debt
the bigger the debt the stronger the military
debt is the ultimate power

>> No.12348176
File: 3.99 MB, 2618x3453, Wikileaks.png [View same] [iqdb] [saucenao] [google]
12348176

>>12346343
They unironically are