[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 9 KB, 273x251, Capture.jpg [View same] [iqdb] [saucenao] [google]
17436312 No.17436312 [Reply] [Original]

so now that we've proven bitcoin is NOT digital gold, whats the value proposition again?

>> No.17436395

>>17436312
HAHAHAHAHA HE ACTUALLY FELL FOR THE DIGITAL GOLD MEME

>> No.17436411

>>17436395
it seems evident to me OP is someone who never fell for that moronic meme

>> No.17436446

>>17436312
>>17436411
>>17436411
Bitcoin is digital gold.

>> No.17436547
File: 29 KB, 453x489, 1563388604424.jpg [View same] [iqdb] [saucenao] [google]
17436547

>>17436446
AHAHAHAHAHAHAAHAHAHA

NO

>> No.17436564

Bitcoin is digital copper. Litecoin is digital aluminium. Link is digital shit.

>> No.17436579

i'm up a lot, seems pretty good to me.

>> No.17436618

>>17436312
You can buy a currency sized coin of gold for around $1701.93. You can buy bitcoin for $9,300-$10,000.

so you're right, bitcoin isnt digital gold. Gold is a lesser quality, physical bitcoin. :2

>> No.17436632

>>17436547
Yes, its even better. No need to post pic of you, anon.

>> No.17436866

>>17436618
High IQ post

>> No.17437620

>>17436446
keep repeating that mantra to yourself as BTC gradually goes back to sub $100

>> No.17437656

>>17436564
how about digital middle fingers

>> No.17437678

>>17436618
what if [[))~+~+they+~+~((]] start to fiat gold? So every new ounce of gold is actually a debt for a ounce of gold?

>> No.17438570

>>17436312
You need to wait until people figure out the state of fiat before crypto gains stability.

Keep in mind that orders of magnitude in value more gold is actively traded. That reduces volatility.

Central banks are furiously printing money to keep interests rates low and prevent total economic collapse, all founded on a philosophy which argues government can print money indefinitely with no consequences. If that is true, then you may start to ask yourself why do we pay taxes.

Once this thought enters the general consciousness, faith in fiat, at least for those with enough brain to comprehend the issue, is irreparably broken.

The value proposition of decentralised currency will also improve with the continued dive of governments into desperate totalitarianism.

Buy the dip.