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/biz/ - Business & Finance


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14275358 No.14275358 [Reply] [Original]

Do you actually believe crypto is the future of finance? Or are you just trying to make a quick buck?

https://www.strawpoll.me/18205015

>> No.14275375

>>14275358
I have memories prior to 2012, but honestly I cannot imagine living life and not having Bitcoin.

>> No.14275381

I believe that OP is a faggot

>> No.14275540

>>14275358
I think it'll coexist with fiat.
I think BTC has absolutely no real value aside from memetic power of it supposedly having value (fiat has value by way of the government's monopoly on force).
I think there will come a time when BTC crashes so hard that miners swap to something else or go bust. I think this will happen before the last BTC is mined. I think XMR will replace Bitcoin for all purposes that Bitcoin currently has.

That said, I think blockchain technology is here to stay. I don't see ETH or even LINK becoming completely useless because of the technologies they provide. Bitcoin's utility was in blockchain technology becoming a major player, but it's like saying the bowstick will go up in value forever because it changed the way we light fires.

>> No.14275805

>>14275540
>I think this will happen before the last BTC is mined
119 years is a long time anon

>> No.14275879

I can see crypto always being relevant. I don't think it will replace real world currencies, but for example...osrs gp is a faux-cryptocurrency that some countries rely on due to their own currency being worthless and unstable.

>> No.14276010

>>14275358
Both

>> No.14276111

>>14275540
in 100+ years btc will be worth so much and used so much that the fees will make it worth mining, or it'll be worth nothing by then. Inflation ending won't be the catalyst

>> No.14276134

BTC will be the 'credits' that sci-fi films use as currency

>> No.14276169

>>14275879
200 IQ paying attention

>> No.14276170

>>14275540

Name ONE fiat out of the 600+ that didn't hyperinflate out of existence. You can't. They all did. No exceptions.

>> No.14276188

>>14275540

>(fiat has value by way of the government's monopoly on force)

Hahahaha how stupid do you have to be to believe this anyway

>what are criminals

B-BUT MUH MONOPOLY. Governments have no power, they have the illusion of having power.

>> No.14276246

>>14276188
Try paying with blatant counterfeit money and arguing the government prints money out of thin air so you should, too.
Tell me how that goes.

>> No.14276408

>>14275358
BTC is some pure hyped up rubbish, it doesn't really improve anything.
Other cryptocurrencies might actually be an improvement, the ones which brings privacy, are fast and have low fees...
Also crypto platforms like Fantom or ETH have a clear future with some utility.

It's a quite high chance that most usage will end up in non decentralized blockchains though.

>> No.14276441

>>14275540
High IQ post

>> No.14276483

>>14276010
This

>> No.14276488 [DELETED] 

>>14276170
Most currencies used in the world today never experienced hyperinflation (defined as an inflation rate of +100% a year), I love when NEETs try to larp as economists.

In fact the USD has outperformed gold as an investment for the past 40 years.

>> No.14276504

>>14276408
>non decentralized blockchains
literally what's the point?

>> No.14276542

>>14276408
Most currencies used in the world today never experienced hyperinflation (defined as an inflation rate of +100% a year), I love when NEETs try to larp as economists.

In fact stocks and other liquid assets have outperformed gold as an investment for the past 40 years. Gold couldn't keep up with inflation.

>> No.14276560
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14276560

>>14276542

>> No.14276628

>>14276188
>what are criminals
an outlier

>> No.14276651
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14276651

>>14276560

>> No.14277472
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14277472

>>14275358
Best case scenario, it's the future of money. Worst case scenario, I made a quick buck.
Bitcoin may be irrational, but The fractional reserve scam and the petro dollar dictatorship are just cruel. Let's see if we can weaponize the irrationality of markets against the cruelty of the slave masters.

>> No.14277537

I actually support state monopolies on currency, I just like the idea of cashing off and climbing up the social ladder a bit faster

>> No.14277718

>>14275358
Bitcoin is just some numbers on a computer it's not worth anything. The fiat system fucked the past 2-3 generations up so good y'all have lost any sliver of the concept of value.