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/biz/ - Business & Finance

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18142213 No.18142213 [Reply] [Original]

Literally how can anyone believe that. That bitcoin will go up against the fed and create a new age of finance.

Bitcoin has limited supply and does not infinitely inflate. It is digital gold.

THE GOLD STANDARD WENT AWAY FOR A REASON. Why would the average working class citizen want an adopted currency that just gets more and more valuable over time? Sounds great to retards, until they realize it just makes the rich get richer... and not only do they get richer, they can literally just sit on their stack forever, and never have to even put their wealth back into the economy so that it doesn't bleed over time.

The problem is not an inflationary currency. The problem is the FED (you know the drill). If you want your wealth to perform well over time, then why don't you just buy gold certificates?

Inflation is necessary so that old money is used to stimulate the economy, create companies and jobs, to turn into new money.

tl;dr bitcoin will never be more than an instrument that exists on the periphery of paper money. this also means that CSW is wrong about bitcoin (he claims it is more than a store of wealth). The only crypto that could truly be used for everyday transactions is a stablecoin (not a usd stablecoin, but the reserve libra types).

>> No.18142239
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18142239

I would do awful, awful things to her

>> No.18142263

>>18142239
Like what?

>> No.18142334
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18142334

>>18142213
>bitcoin will go up against the fed and create a new age of finance
never. This will never happen because normalfags in the year of our lord 2000+20 still barely understands anything about bitcoin aside whatever they may have seen in some multipart docuseries on netflix. They'd sooner stuff usd into their mattress then trust something like bitcoin

>> No.18142347

>>18142239
Tell me about the eggs.

>> No.18142353
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18142353

>>18142213
It's not designed to be a currency. It's a digital form of gold. There are stable coins that would be currency. Go back to /pol/ you retarded faggot

>> No.18142374

>>18142239
absolutely, unequivocally based and redpilled

>> No.18142386

>>18142353
are u retarded. that is exactly what im saying. are you blind to the FACT that 90% of biz unironically thinks that we'll be walking around making payments with deflationary shitcoins in 10-15 years. and again, people keep shilling CSW who also thinks bitcoin itself will be cash.

>> No.18142454

>>18142263
Not him but hug her