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/biz/ - Business & Finance


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14896056 No.14896056 [Reply] [Original]

Bitcoin fronts as the currency of the future thats supposed to revolutionize the whole game. The thing is its usability is trash for the majority of the world , it claims it can remedy the issue of people who cant rely on their respective nations currency yet for people in countries like india or venezuela they cant even buy it or cant afford to buy it because they cant or wont prove their existance to faulty banks in their country or they cant afford the 50 dollar us minimum to even attempt to buy the coin. Our currency is worth more in other countries and most of their pay does not equate to our standard. So how can esentially two billion people possibly afford bitcoin if the minimum to buy everywhere is 50 dollars. There should be no minimum and we should be able to purchase down to a single satoshi.

>> No.14896100

>>14896056
its gonna suck all the money in the world. Bitcoin is for the wealthy, the poorfags and wagecucks will get paid in whatever shitcoin, they won't be 'buying' anything let alone btc

>> No.14896141

>>14896056
This is the modern day racket associated with bitcoin but the whole community constantly goes on from banker tier corruption. Its just an investment coin not actual usable global currency. And 7 transactions a second is trash when dealing with billions of people. Middle class americas own bootleg taste of the banker market

>> No.14896196

>>14896100
If the media backed somewhat viable altcoins and their developers actually worked on deadline advancement there would be ten other coins the price of bitcoin if not higher.

>> No.14896264

>>14896196
you dont get it do you, its not about performance we know btc is slow and shit for currency. The blocks must stay small and it must cost a shitton of energy to keep alive, only used to move billions across borders in one sit. Thats a feature not a disadvantage. Go ask satoshi wtf was he thinking but dude was probably thinking 100 years ahead

>> No.14896310
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14896310

>>14896056
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

>> No.14896341

>>14896056
Which is why we need a less centralized Libra

>> No.14896414
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14896414

>>14896056
Bitcoins the best currency only because central banks have never controlled themselves. If 1 single group could ever keep the money press honest they may have been able to beat BTC. No one cares that BTC is 10x more expensive to send or even 100X during 1% of the time, compared to other cryptos. BTC is the only digital currency you can trust the most, Everyone buys BTC because it's value goes up compared to inflated fiat currencies. The controlled decreasing of inflation and scarcity makes it perfect for eating other currencies. You'll learn one day.

>> No.14896811

>>14896141
This idiot thinks there will be 1 currency because he's grown up inside his bubble without studying economic history. We need a lot of different currencies for too many reasons to list.

>> No.14896839

>>14896141
>And 7 transactions a second is trash
But when i send ETH from an exchange to exchange BTC is faster because it's more popular and batched faster and more secure and requires less confirmations. So in real life when I use these products BTC average is equal or better than most you idiots need to stop reading stats and use these cryptos once in awhile