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/biz/ - Business & Finance

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14961243 No.14961243 [Reply] [Original]

NOOOOOOOOOOOOO
YOU CAN'T MAKE ME IRRELEVANT
IT'S USED FOR ILLEGAL THINGS
SHUT IT DOOOOOOOOOOWN
BAN EVERY CRYPTO CURRENCY
MAKE IT STOOOOOOOOOOOOOOOOOOP
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
FED HELP MEEEEEEEEEEEEEEEEEEEEEE HEEEEEEEEEEELP HEEEEEEEEELP
TRUMP HEX THEEEEEM AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.14961960

If you legitimately think fucking crypto is ever going to compete with or replace real money,you are retarded

>> No.14961980
File: 20 KB, 600x600, V3Jr4j6q_400x400_600x.jpg [View same] [iqdb] [saucenao] [google]
14961980

>>14961243
beam is taking over

>> No.14961984

>>14961960
>real money

>> No.14961999

>>14961984
You cant fucking hold crypto in your hands and give it to someone in person you dumb fucking faggot.

Your imaginary monopoly moeny is valued through fucking speculation and thin-air, theres no economy behind it, and its entirely digital. Its built to fail.

>> No.14962030

>>14961999
Bigger how the duck do you think the federal reserve works? A federal reserve note is pretty much a physical receipt for a centralized shitcoin with 20th century technology. The only thing that gives a federal reserve note it’s value and legitimacy is the state.

>> No.14962042

>>14962030
CAN

YOU

FUCKING

HOLD IT?

>> No.14962073

>>14962042
As much as you can hold crypto by holding your phone. It’s representative of something, but it in and of itself has no value and nothing backing it but the government.

I’m not so delusional I think FIAT will disappear but governments will be forced to adopt crypto or risk major economic collapse and absolute dethronement. The risks of rejection are too high, though personally I’d love to see it happen. This is the natural evolution of a globally connected society. It can not be stopped.

>> No.14962086

>>14961243
Ban Crytp0 ((( I L L E G A L M O N E Y CC ))), "no drugs allowed", C l e a n money Only

>> No.14962087
File: 150 KB, 932x1390, german-women-burning-money-to-fuel-her-stove-during-the-post-world-CWAREK.jpg [View same] [iqdb] [saucenao] [google]
14962087

>>14962042
Did you skip primary school?

>> No.14962098

>>14962042
i can hold a simple white piece of paper it has the same worth as a dollar. There is only 1 real form of money and that is gold period.

>> No.14962103

>>14962042
you can't hold Libra but it's going to replace the world reserve currency.

would love to see Zuckbucks in physical form tho with a big ol zucc selfie on the front kek

>> No.14962111

>>14961999
this has to be bait. wasted trips.

>> No.14962208

>>14962042
You can hold deez nutz

>> No.14962227

>>14961960
Here we have the boomer unable to grasp future advancement
>Most people pay with debit cards and use phones to cash checks
>Can't fathom people paying with a card in the future tied with crypto or using a phone to pay with crypto.

>> No.14962268

>>14962098
Gold has some value but not even as much as other minerals. Plenty of things have value. Golds main value is in electrical components combined obviously with the difficulty to obtain it and its supposed scarcity. Anything with a usage which is not easy for anyone to get should have value, and scarcity only increases this.

Unironically this is why bitcoin has value. Its usage is making trading of value simple and fast. It is not easy for people to get (mining required), and it is scarce.

FIAT does not actually make trading value easy, though we’ve built entire industries and societies around making it easier to use it is not inherently doing this job. It is easy to get (print it) and it is not scarce (infinite). Which is why inflation is necessary and why economies are constantly on the verge of instability.

>> No.14962369

>>14962111
Checked

>> No.14962408

>>14962042
A fascinating display of the chimp mind. Remind me again if stocks are physical.

>> No.14962508

>>14962042
You hold a private key that isn't invalidated even if the internet shuts down or a global EMP destroys all unprotected storage. As long as the data exists somewhere you're the only one who can unlock it. You can hold it in the form of paper or you can hold it only in your brain.

>> No.14962582

>>14962042
seething