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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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17532998 No.17532998 [Reply] [Original]

BTC has nowhere to go but down
costs a fortunate to maintain the network and produces nothing of value and has no intrinsic value

>> No.17533004

>>17532998
*fortune

>> No.17533026

>>17532998
>The USD has nowhere to go but down. It costs a fortunate to maintain QE and produces nothing of value and has no intrinsic value*
Fixed it for you

>> No.17533036

>>17532998
A monetary system where no one can censure you, and where no one can take your money away from you is the value it produces.

>> No.17533057

>>17533036
which system would that be?
right now chinese miners can censor you and if they stop mining your coins are worthless

>> No.17533081

>>17533057
holy fuck he's retarded. pack it up boys theres no hope.

>> No.17533101
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17533101

>>17533081
that's not a counter argument anon
you don't actually know how btc works do you

>> No.17533220

>>17532998
>costs a fortunate to maintain the network and produces nothing of value and has no intrinsic value

It has a bigger marketcap than most g20 countries export in a year.

>> No.17533239
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17533239

>>17533220
>It has a bigger marketcap than most g20 countries export in a year.
t. an incredibly obvious bubble

>> No.17533330

BTC as a currency died the moment peoples realized that they were loosing money using it for payment instead of just holding it as an investment
that's why fiat is the perfect monetary system as long as the inflation is under control, deflationary currency has no future and bitcoin is the best example

right now BTC and all the other shitcoins are just speculative assets with no other reason to exist

>> No.17533369

>>17533057
If they stop mining then they don't validate the network anymore dipshit

>> No.17533389

>>17532998
>costs a fortunate to maintain the network
In theory an old smartphone would be enough.
It costs a fortune because there is demand and competition. It also costs a fortune to keep producing dragon dildos.

>> No.17533486

>>17533389
please tell me what's BTC use case again ?
beside speculation

>> No.17533524

>>17533486
please tell me what's dragon dildo use case again ?
beside masturbation

>> No.17533544

>>17532998
nocoiner cope

>> No.17533578

>>17533524
>beside masturbation
that's a pretty real use case with real world application faggto

>> No.17533593

>>17533578
>speculation and making profit aren't real world applications

>> No.17533629

>>17533057
Not really how it works. If a miner manipulates the consensus he forks himself off and gets worthless forkcoins, that's why BTC has so many nodes that check if everything is valid.

>> No.17533637

>>17533593
not when there's absolutely nothing behind it no
btc has literally brought nothing and is actually damaging for the environment

>> No.17533676

>>17533026
>backed by army of drones

vs

>backed by neets incels and wannabe edge boomers

>> No.17533684

>>17533637
>>17533239
Then dont buy it. Its that simple, don't fucking buy it. Move on

>> No.17533693

>>17533637
>there's absolutely nothing behind
lmaoing @ ur life kid

>> No.17533734

>>17533369
right no miners = no ability to send coins

>> No.17533767

>>17532998
Meanwhile in the real world, bitcoin mining is increasing so the hashrate keeps on rising
https://www.blockchain.com/en/charts/hash-rate?timespan=1year

>> No.17533825

>>17533593
speculation is not a use case lmao, your argument is horrendous.
beanie babies were traded, people made a profit speculating on them, and what happened?

>> No.17534996

bump last chance to get out

>> No.17535052

>>17533057
this post shows how absolutely stupid you are
>the absolute state of /biz/

>> No.17535442

>>17533330
>that's why fiat is the perfect monetary system
he actually believes this even though all fiat currencies that have ever existed failed.

>> No.17535829
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17535829

>kek 2020 edition
imagine not holding some scarce automated internet money that spreads like a virus