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/biz/ - Business & Finance

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24905354 No.24905354 [Reply] [Original]

Bitcoin is to gold, as Ethereum is to oil

>> No.24905402

ETHEREUM IS A GLOBAL SUPER COMPUTER WHICH WILL DECENTRALIZE EVERYTHING!

>> No.24905445

>>24905354
>Bitcoin is to gold, as Ethereum is to curry

>> No.24905633

>>24905354
>Ethereum is to oil
Good can't wait for it to April 20th 2020 the fuck out of Eth then.

>> No.24905672

>>24905445
You just made Ethereum appear better by comparing it to a lower classed object. Your logic fucking sucks, anon.

>> No.24905871

>>24905354
Can we stop it with these legacy finance equivalences? The blockchain will completely transform how we think about money. Theoretically bubbles don't exist. If all information is available to all market participants then every price is exactly how people perceive it to be.
And yet there are bubbles. Why? Because Fiat distorts peoples sense of value. 1 million dollars has a completely different meaning 10 years into the future 10 years into the past or at any point in time. It's not real value, so people seek things that have value at any cost. If these things can't hold that value they collapse.

Now. Once Bitcoin is established as the fundamental money everything will change. Speculation will take actual value into consideration. Sure stocks are a super thing if ever fucking stock goes up, so you put all your dollars into stocks and just see your money go up even though you did no research, there is no evaluation, you just buy because stocks go up.

Now price stocks in Bitcoin. Suddenly not all stocks go up. Only certain stocks. Only stocks that actually create value. Only stocks that promise to turn profit and turn your Bitcoin into more Bitcoin. Suddenly all the speculation of the stock market fucking disappeared. You'll only invest in things you think will actually become a profit eventually. Everything that's bleeding sats will be abandoned like shitcoins. It's why the crypto market is so violent with shake outs.

This will happen to everything. Real estate? Only worth it if it actually generates sats. It doesn't need to be a Store of value anymore. Art? No more money laundering. Art will be judged by it's merit. Tulips? Only flowers. After Bitcoin takes over we will never ever have bubbles again because people will finally start thinking in real money.

>> No.24906190

>>24905402
if it can scale. also here is a better meme, OP, if ETH is oil then what is the electric car? ADA?

>> No.24906208

>>24905354
RLC IS OIL

>> No.24906231

Ethereum is more like gas

>> No.24906294

WHERE THE FUCK ARE THE SIDECHAINS

>> No.24906324

Ethereum is digital spaghetti

>> No.24906356

>>24905354
>Bitcoin is to gold, as RLC is to oil
Fix'd.