/biz/ - Business & Finance

[Anonymous No.16497504]

He's right, you know.

[Anonymous No.16497523]

>has andrew jackson portrait in oval office

obviously we need bitcoin to be backed by the extortion of oil producing nations by the most powerful military force in human history

[Anonymous No.16497546]

>>16497504
If he liked crypto he still would have posted that

[Anonymous No.16497562]

>>16497523
Oil money is best money. Cry moar pussy.

[Anonymous No.16497567]

>>16497504
>>16497546
Pay attention to where he posted & sentiment of the platform & why politicians need attention

[Anonymous No.16497569]

>>16497523
We don't meed other nations' oil anyway. We keep them around for our allies in global trade. Wait until we back out of the global market.

[Anonymous No.16497574]

>>16497567
Twitter probably has the largest group of cryptofags waiting for the golden bull meme.

[Anonymous No.16497632]

>>16497569
opec is forced to only sell oil for usd which creates demand for the usd

[Anonymous No.16497646]

>>16497504
he's wrong about the thin air part
bitcoin has a huge carbon footprint and once the Texas mining op starts it's going to grow even more

[Anonymous No.16497677]

>>16497646
Carbon footprint is a meme. Steam is a bigger issue than carbon.

[Anonymous No.16497700]

>>16497677

[Anonymous No.16497707]

Drumpf

[Anonymous No.16497722]

>>16497504
What is the USD backed by? What is any fiat currency backed by? Air. I didn’t vote for him but this is some meta 4D chess shit.

[Anonymous No.16497746]

>>16497722
my favorite is pretending the fed doesn't want negative interest rates

[Anonymous No.16497770]

drumpf do fud

[Anonymous No.16497782]

>>16497504
Stocks arent money yet he loves that :)

Also, if usd is so great, why the FUCK does it depreciate if you leave it alone? Its shit, brainlet. Trumptards cant think.

[Anonymous No.16497853]

>>16497782
When is the last time you bought a kilo of cocaine with your stocks?

[Anonymous No.16497871]

>>16497853
Usd can do the same damn thing :)

[Anonymous No.16497878]

>>16497871
Right, but USD can also buy groceries at the local grocery store.

[Anonymous No.16497886]

You know Trump is a fucking retard but I read those posts and i can understand how you might be inspired by someone saying "Our money is the bestest". Maybe if i stayed permanently drunk i would be a republican.

[Anonymous No.16497908]

>>16497677
crabon footprint is not a problem
http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html

[Anonymous No.16497911]

you are late, you know, we had this 100 times already

[Anonymous No.16497916]

>>16497853
last Tuesday

[Anonymous No.16497977]

>>16497878
What a weak as fuck argument. Also, do you buy groceries with gold? What a dumbass. Btc is basically gold 2.0, brainlet.

[Anonymous No.16497992]

Jared kushner bought over a half billion of btc in 2017 before the run. If you think trump hate posts about crypto because it’s what he believes and not what he wants you’re a fucking retard.

[Anonymous No.16498021]

>>16497886
He's not saying ours is best. He's saying yours is the worst.

[Anonymous No.16498025]

>>16497908
Leon Musk will solve this with AI and mind melds. Link singularity master race.

[Anonymous No.16498039]

>>16497992
Citation needed

[Anonymous No.16498058]

>>16498021
Illiterate dumbass.
>stronger than ever
>both dependable and reliable

god damn, this country is doomed

[Anonymous No.16498099]

>>16498058
Right and the take away here is that Bitcoin sucks. You would fail of this were a reading comprehension exam. You're getting distracted by sub-topics and missing the main point.

[Anonymous No.16498109]

>>16498099
Hahahahahahaha dumbass bitch. I was correcting your ass logic and say I am getting out of topic. Retarded mother fucker. Btc is gold 2.0, dipshit.

Saying "bitcoin sucks" is a fucking childish argument.

[Anonymous No.16498114]

>>16498099
At least explain why "btc sucks". Just saying "btc sucks" without explaining shit makes you look like a retarded ignorant mother fucker. I can explain why its better than gold :)
Try me, bitch

[Anonymous No.16498118]

>>16498109
*then say

[Anonymous No.16498142]

>>16498109
>>16498114
"Volatile value based on thin air." See? No reading comp. Gold is a commodity.

[Anonymous No.16498156]

>inb4 some trumptard says its le 4d chess

[Anonymous No.16498166]

It's been a hell of a scam, but let's not kid ourselves. It's going to go to zero as more people start to realize they were bamboozled.

[Anonymous No.16498182]

>>16498142
>Volatile value
Biz is filled with retards confirmed.
You do realize as the btc market matures, btc will become more stabilized, right? At this point, it's still has to grow more before stabilizing, idiot. Thats what makes it great right now. The fucking fact that its still growing.

>based on thin air.
Literally could be said about gold. Oh my fucking god. I am tired of dumbasses infesting this board. Fucking shit, we need IQ tests on biz already.

[Anonymous No.16498189]

>>16498114
>I can explain why its better than gold
Something tells me anon won't actually explain this.

[Anonymous No.16498192]

>>16498166
Literally cant go to 0 as someone will always hodl btc. Do you fucking not understand how price works?

[Anonymous No.16498197]

>>16497878
it buys a whole lot less of those groceries every year.

[Anonymous No.16498200]

>>16498182
>>based on thin air.
>Literally could be said about gold
Is that why you brought up gold to begin with? Nice strawman, smoothbrain. I can gauge you at about 60% of my IQ.

[Anonymous No.16498223]

>>16498189
Btc transaction = settlement done simultaneously. Fiat and gold dont have that :).

[Anonymous No.16498228]

>>16498200
Not a fucking argument, shit for brains. Kek so let me get this straight. Not only do you hate btc, but you fucking hate gold too? Oh brother, just get the fuck out of biz already.

[Anonymous No.16498242]

>>16498182
you're the fucking moron
bitcoin is not gold it's peer to peer electronic cash
gold doesn't require adoption to remain unchanged
golds supply increases when new supply is profitable to mine
btc is shit because it has a 1mb/10min adoption limit which means it will not remain profitable to secure it meaning it will die
hodl will not stop the price going to zero if there are no buyers
BitCoin transactions are instant and settlement is within 10min.

[Anonymous No.16498249]

>>16498223
>Btc transaction = settlement done simultaneously. Fiat and gold dont have that
I can literally buy a big mac instantly with cash.
>>16498228
>gets told his argument is shit
>"no u"
Anon, have you heard of Stephen Molyneux? I've studied all of his videos and you don't have a chance here.

[Anonymous No.16498282]

>>16498228
Listen, kid. I like you. You've got potential. Start with pic related and then graduate yo Benjamin Franklin's autobiography.

[Anonymous No.16498305]

>>16498249
I already addressed that above. Mother of god.. pic related. Btc is a store of value. Thats its main purpose.

> Anon, have you heard of Stephen Molyneux? I've studied all of his videos and you don't have a chance here.
oh my god.. so far, you havent actually said any content so I highly doubt it. Why do I get the feeling youre a newfag to crypto?

[Anonymous No.16498307]

>>16498282
>kid
i notice its always kids themselves that use this insult. Projecting. Also, again, not an argument

>>16498242
btc is fucking gold. Even max k

[Anonymous No.16498321]

>>16498242
no, you fucking imbecile

in actual reality bitcoin is just a mem-token for speculation with tether (another meme-token)

now fuck off

[Anonymous No.16498322]

>>16498307
piece of shit auto submit button.

>>16498242
even max kaiser compares btc to gold. 8 yr wall street broker.
>gold doesn't require adoption to remain unchanged
Kek. Yes it did. It used to be worth shit and then it slowly started to increase in value because of adoption.
>hodl will not stop the price going to zero if there are no buyers
Look at its volume. Theres no fucking way this will just die.

[Anonymous No.16498345]

>>16498305
I read the Bitcoin whitepaper in 2009. Don't get me wrong. It's been fun, but smart money knows where this is going.
>>16498322
>Theres no fucking way this will just die.
Anon you're using a few logical fallacies here and it's clear you are too emotionally invested in Bitcoin. Surely, if you step back for a moment, you can envision a few scenarios where Bitcoin fails.

[Anonymous No.16498360]

>>16498345
>I read the Bitcoin whitepaper in 2009
reading and understanding are 2 very different things, brainlet.

> Anon you're using a few logical fallacies here and it's clear you are too emotionally invested in Bitcoin. Surely, if you step back for a moment, you can envision a few scenarios where Bitcoin fails.
not an argument

so far out of all the anons here, youre the biggest retard here that clearly doesnt understand shit about crypto. Stop acting like a pseudo intellect. Fucking cringe worthy.

[Anonymous No.16498372]

>>16498345
Ah fuck it. Ive argued with so many retards as of late and dont even know why I bother. Ironically you are the dogmatic one that has an agenda against btc because your dumbass leader trump hates it. I wonder if you even hate btc itself or you just hate it because of the hivemind mentality. Well whatever. Doesnt matter.

Im going to sleep. Long story short, youre a normie and thats a good thing because normies dont deserve to make it. Stay poor, faggot. Im going to sleep.

[Anonymous No.16498375]

>>16497632
Welcome to the world. I guess you'd rather it be the other way and that the US would be OPEC's bitch

[Anonymous No.16498444]

>>16497782
USD is backed by the faith of the people even when they find out it's printed out of thin air. If people didn't believe in it, they wouldn't go to work. They also go to work because there is no other option. We can't just stop what we're doing or the whole thing collapses which would be both catastrophic and welcoming at the same time.

Bitcoin is not electronic cash. Bitcoin is electronic gold. It is programmable and you can create applications that accept it for a payment of sorts, but it's held onto instead of spent on daily goods or services. Why? Because you and everyone else is waiting for it to go up in price because it's a speculative asset now.

There's multiple reasons why Bitcoin went to $20,000 and that was because of Tether, big scale traders, and certain institutional investors that had a goal of making money off of shorting it.
>>16498058
You know the country is doomed, but nothing ever happens. They find a way to bail out the banks or kick the can again and again.
>>16498242
No it's p2p gold...now. In order to be a true digital p2p electronic cash and currency, it has to have a stabilized value everyday.

Bitcoin is purely an experiment that has successfully created a decentralized form of money that's generated by the use of electricity. If the miner's stop mining, the difficulty drops and it will readjust, but the network will more vulnerable to a double spending attack. The more miners, the more value Bitcoin has as it becomes more secure. It's a problem that the block size is so low now. The volume of transactions can only get so big before the 1 mb blocksize becomes inefficient. This happened in the winter of 2017. We all want to make money and to live happily ever after without the corruption of the central banks, but Bitcoin is still valued in USD. We need to value everything we value in USD, in Bitcoin for Bitcoin to be its own thing. Most of everyone is waiting for 100K or more so they can sell and buy a new house.