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/biz/ - Business & Finance

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24182079 No.24182079 [Reply] [Original]

read that

>> No.24182138

pump ze on chain metrics

>> No.24182140

>>24182079
When $RSR?

>> No.24182161

Very bearish. The selling pressure on BTC is going to be enormous from normies jumping on the bandwagon and buying all their shit with it. Stacey and all her friends on insta will be filling their timeline with crypto influencer garbage. We'll see 4 digit btc again.

>> No.24182179

>>24182079
(((schulman)))

>> No.24182186

>>24182140
fucking retard Peter Thiel is not with Paypal anymore, he was one of the original founders, really shows how lack of research you have done. (Which means how easy you are going to get scammed).

>> No.24182194

>>24182079
when financial enslavement with cbdc?
when >7tps btc?

>> No.24182213

will people be able to send it to any outside adress, or just to businesses who have opted in to accepting it?
might be a good normie fiat on-ramp if they could send it out to whoever

>> No.24182237
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24182237

what about the mempool sirs

>> No.24182257

user buys 1 BTC on paypal
uses it to buy 20k worth of goods
paypal pay the merchant in 20k worth of fiat
user has no BTC left, merchant has no BTC.
paypal sit on the BTC and build up crypto holdings?

are paypal going to essentially become a bank?

>> No.24182273

Bros, I found a post about duckdao.io, the first crypto incubator. Does anyone take part in this platform?
Seems like their DDIM tokenomic shows amazing results

>> No.24182370

>>24182079
Worth a watch, he did this a few hours ago on CNBC
https://www.youtube.com/watch?v=aZO4ddO0J_E

>> No.24182417

>>24182257
Yes, if you’re a stockfag invest in Paypal.
They’re literally positioning themselves as the digital (((fractional reserve))) bank

>> No.24182471

>>24182257
precisely. its going to sit on their balance sheet and drive stock price to moon

2020s is the year when btc becomes a balance-sheet item for most companies....and guess what all that btc is never coming off again. price will hit 1M in a few years.

>> No.24182740

>>24182471
Fuck, we are all going to make it.

>> No.24182900

>>24182257
this. users dont hold bitcoin, the just see an amount on their phone which they cant withdraw. paypal profits

>> No.24182997

>>24182079
I'm very bullish on crypto.

But no one has ever been able to tell me: why would the west go with BTC when it's controlled by China?

>> No.24183032

>>24182417
how is it fractional reserve? they have to hold crypto assets 1:1 under (NY?) banking law i think

either way this is a smart play from them. it's quite sad though.
bitcoin was supposed to kill paypal, instead it will feed it

>> No.24183159

>>24182257
>paypal pay the merchant in 20k worth of fiat
where did paypal get the 20k?
if paypal used the user's 20k to buy 1 BTC, then they would have had to sell that BTC to get 20k fiat

only banks can print money like that, not paypal

>> No.24183333

>>24183159
95% of users aren't gonna touch crypto. ad they charge 4% fees on most transactions, they have enough cash to hold their crypto

and even if they do, exchanges have been running fractional reserve operations for years. tether almost certainly doesn't have the $ reserves it should.
i wouldn't be shocked if paypal did this, at worse they'll get a slap on the wrist and fine in 5, 10 years

>> No.24183363

>>24182079
>paypal will begin moving numbers around on their excel spreadsheet
>well actually if you remove the entire blockchain part then bitcoin is an excellent currency

>> No.24183488

>>24183159
>only banks can print money like that, not paypal
does it surprise you to learn paypal is the worlds largest bank (by number of accounts)?

they have full access to generate money from Fed reserve system....

>> No.24183566

>>24182997
an economic attack on btc going forward will be so tremendously expensive it's not worth even trying.

>> No.24183667

>>24183333
checked
yeah guess they could run a fractional reserve op. I don't really see the point in it all desu, trusting a payment processor (especially one as shitty as paypal) with your coins is goofy enough as it is.
>>24183488
nice dubs
banks don't just "generate money" when people make transactions, neither does paypal, they generate money through lending (i.e. taking out a loan for a mortgage or car loan), and paypal doesn't do that kind of lending, so they don't generate money.

>> No.24183709

>>24182079
bitcoin will never be usable as a currency. only as a story of value or investment.

the only coin that looks to be usable as a currency seems to be RSV if they succeed.

>> No.24183734

>>24182997
It won't be for long. There are American companies with billions of funding working on American made mining hardware, others setting up massive mining farms in areas with cheap energy like central and west Texas, and even energy companies setting up mining farms to run there "energy waste" through. China won't be dominating in 2030.

>> No.24183871

so were staying with digital exchanges abstracted over a supposed store of value?
havent i seen this before?