/biz/ - Business & Finance

[Anonymous No.25265447]

Explain to me how fake internet money can be more valuable than this.

[Anonymous No.25265494]

>>25265447
Okay first tell me what "this" youre referring to is

[Anonymous No.25265499]

$RFI earns you money without you needing to do anything except hodl

[Anonymous No.25265506]

>>25265447
they both have value because people believe they do. that's it

[Anonymous No.25265533]

>>25265447
because its the same as fiat

[Anonymous No.25265535]

>>25265506
The same was said about tulips

[Anonymous No.25265539]

>>25265506
/thread

[Anonymous No.25265549]

>>25265447
>shiny rock more valuable than number on screen

[Anonymous No.25265560]

>>25265447
Here’s one reason
I have to carry all that fucking gold?
Btc you don’t have to carry any of it
In today’s society the average man can barely lift 15lbs. He will much rather have btc over gold for the simple reason of it is less work and stress on his body

[Anonymous No.25265561]

>>25265533

"Deleted by michael_saylor. No repercussions, no admission of misunderstanding, a mistake or wrongdoing."

https://twitter.com/theta124/status/1343200269891465217

[Anonymous No.25265565]

>>25265506
So your saying I should go all in on beanie babies.

[Anonymous No.25265567]

>>25265535
well that was just retarded.

[Anonymous No.25265573]

>>25265506
This, absolutely this. Gold has value because it’s shiny and at some point in the past people decided somewhat rare shiny metal is valuable.

[Anonymous No.25265575]

>>25265535
People de iced the value of tulips was lower, same can happen to Rock or number

[Anonymous No.25265588]

>>25265565
come on you dumb monkeys

[Anonymous No.25265592]

"Fiat" or unbacked crypto is a temporary speculative bubble, no different from TSLA. It is intended to be a distraction from precious metals, and the price is pumped by the tether scam and MSM media hype. The Asian nations, where most of the production lies, won't take crypto as money after the reset, so it will immediately go to zero when the dollar collapses.

Again, there are fundamental problems with "fiat" crypto. If you make a mistake in sending a transaction, get memory-loss, dementia, misplace your keys, have a key-logger on your computer, a hardware failure, a burglary, theft, a fire, you lose everything. No such problems exist when storing gold in a private vault. Again, you have the block-size problem. BTC is fundamentally unusable as a currency, because of the small block-size--not even 0.1% of the world population could function on it, even on the Lightning Network, it can never scale. But large block-sizes fail to solve the problem also, because the crypto ends up being completely centralized, and one entity controls the hash rate (see Calvin and BSV). Gold-backed cryptos like Kinesis are the future of cryptocurrency, because you can have multiple cryptos which store the allocated bullion which backs them in multiple vaults.

[Anonymous No.25265593]

>>25265447
>shiiiiiiinyyyyy.......gooooood

[Anonymous No.25265600]

>be boomer
>love bold buy bold hold bold

>be zoomer
>buy digital dollar pegged to bold
>love bold buy bold STAKE bold

Enjoy your rocks retard while i get the same exposure plus 5% apy.

[Anonymous No.25265601]

>>25265535
Yes, and?

[Anonymous No.25265648]

>>25265567
I love the concept of crypto currencies. But I think it is more retarded believing that certain bits have value. Why? Because there are already much better cryptos than BTC. I actually use cryptos frequently although I don't invest into them. I have not used BTC in the last two tears. So why should I value BTC higher than for example Moreno? Imho BTC is just a scam and it will go to zero in 3 years.

[Anonymous No.25265657]

>>25265506
Simple as.

[Anonymous No.25265670]

>>25265447
Explain to me why market cap is so fucking difficult for you to understand faggot

[Anonymous No.25265693]

>your government stole that from you
We need to make a list of every politician so they don't come out the "great reset" unscathed.

[Anonymous No.25265694]

https://www.youtube.com/watch?v=7o8JfFbvfD8&ab_channel=PalisadesGoldRadio

[Anonymous No.25265705]

>>25265447
The most valuable thing I own is a degree in a non-meme field.
It's printed on a piece of paper. That piece of paper probably cost my grad school like $2.
But it's made me hundreds of thousands of dollars so far, and will makes me millions in the future unless shit hits the fan.
Now what was that you were saying about your shiny rocks?

[Anonymous No.25265707]

Here’s one reason
I have to carry all that fucking gold?
Btc you don’t have to carry any of it
In today’s society the average man can barely lift 15lbs. He will much rather have btc over gold for the simple reason of it is less work and stress on his body

[Anonymous No.25265723]

The most valuable thing I own is my wife and children.

[Anonymous No.25265746]

>>25265707
A kilo bar is the size of a small iPhone and is currently priced at $64k. You’re not going to have to worry about the amount of space it takes up, lol.

[Anonymous No.25265771]

>>25265723
>owns his wife and children
based

[Anonymous No.25265777]

try sending millions of dollars instantly across the world in the form of gold!, tell me how that works out.

[Anonymous No.25265784]

>>25265746
Until some nuggets robs you. And what if you want to move millions? Just carry 20kg of gold around bro.

[Anonymous No.25265790]

Gold can't be eaten or be used to power generators

[Anonymous No.25265830]

>>25265723
that asset has had a lot of turnover

[Anonymous No.25265855]

>>25265723
too bad i've already fucked them

[Anonymous No.25265859]

>>25265535

Maybe if they could be put in a wallet, safe, or transferred on the internet or a certain amount could only be grown, they may have had a better run.

[Anonymous No.25265863]

>>25265784
>And what if you want to move millions?
Use a bank which stores your gold? You know, like it was done for hundreds of years.

[Anonymous No.25265865]

>>25265830
My wife produces more wives, and those wives produce more wives.

[Anonymous No.25265876]

>>25265447
shells are the real money

[Anonymous No.25265877]

>>25265535
Tulips are extremely perishable, gold and btc are not

[Anonymous No.25265891]

>>25265859
Now I actually wanna create a physically backed tulips meme coin. Would have the greatest logo.

[Anonymous No.25265893]

>>25265707

Look into Kinesis.

[Anonymous No.25265897]

>>25265535
Tulip mania and Btc is such a midwit comparison. Tulips are perishable items IE they can't retain value. Supply dropped for 6 months and the market adjusted itself accordingly.

[Anonymous No.25265900]

>>25265865
Do you have to chop your wife into pieces and bury them, like potatoes?

[Anonymous No.25265905]

>>25265900
What? You just put your penis inside them, like breeding dogs.

[Anonymous No.25265916]

>>25265877
I am sure never came up with this knowledge when tulips reached 1 quadrillion dollars before

[Anonymous No.25265924]

>>25265876
heh... you're not ready for the apocalypse
i have my steampunk boltgun ready to take out the looters when the time comes

[Anonymous No.25265930]

>>25265447
I honestly don't understand the appeal. It's just a pile of polished yellow rocks

[Anonymous No.25265938]

>>25265863
Move 100 million dollars in gold out of Venezuela. Good luck. Asset forfeiture , capital control, bank account freezes.

[Anonymous No.25265966]

>>25265506
Based
>>25265535
And it was true, until people stopped believing they had value, which proves him right

[Anonymous No.25265973]

>>25265924
will you accept a pound of sugar for the grape soda cap?

[Anonymous No.25265976]

>>25265447
Ill trade your bait for mine. There's an infinite amount of gold in the universe but only 21000000 bitcoins.

[Anonymous No.25265978]

>>25265900
lel

[Anonymous No.25265996]

>>25265938
Wtf are you talking about? Of course you can sell gold in Venezuela.

[Anonymous No.25266097]

>>25265996
Lmao
>fiat inflation out of control
>people start a run on the banks
>banks turn off access to your account
>oops sorry you can’t withdraw your gold right now goy
dumbass

[Anonymous No.25266137]

>>25265447
imagine the day when gold supply becomes inflated in the space exploration era and the value goes down to 0
this won't happen with internet meme money

[Anonymous No.25266148]

>>25265790
>gold can’t be eaten

Watch me faggot

[Anonymous No.25266877]

>>25265863
>(((bank)))
idiot

[Anonymous No.25266945]

>>25265561
That clown is such a fucking liar.

[Anonymous No.25267212]

>>25265976
ok make a ship to travel across the unverse

[Anonymous No.25267594]

>>25265549
>numbers on screen more valuable than precious metals

[Anonymous No.25267682]

>>25265863
And just like that, you no longer own your gold

[Anonymous No.25267693]

>>25265447
because you don't actually own it you own a piece of paper saying a jew owes you one

[Anonymous No.25267722]

Gold is the same as crypto, it has very few actual use cases and only has the value it does because people say it does. Like gold, crypto can be used and traded world wide. Except crypto is weightless and easier to hide, so therefore it will replace gold and a hedge against the dollar. Gold will always be used as jewelry though.

[Anonymous No.25267738]

>>25265897
A more apt comparison would be the Beanie Baby bubble, since Tulip bulbs came in many varieties of differing rarity and were sought after by collectors.

[Anonymous No.25267762]

>>25265863
not your vault, not your gold

[Anonymous No.25267805]

why is software valuable?

[Anonymous No.25267835]

>>25265648
>So why should I value BTC higher than for example Moreno?
Because everyone with a television has heard of bitcoin. Every financial big boy is looking into it or buying.
>BTC is just a scam
This implies that there is someone “behind” Bitcoin, or that it can be manipulated by whales.

You’re retarded

[Anonymous No.25267862]

>>25267835
Someone is behind bitcoin. Its a literal ponzi.

[Anonymous No.25267904]

>>25265863
Great plan, unless you live in the wrong country at the wrong time (Greece, Syria, Venezuela, etc...)
You don’t understand the point of cryptocurrency

[Anonymous No.25267945]

>this thread
were still so early

[Anonymous No.25267953]

>>25267862
You don’t know what a Ponzi scheme is, and you don’t understand how Bitcoin works

[Anonymous No.25268021]

>>25265447
BTC still has another 20x to go before crossing gold's market cap, comparing 1 oz gold to 1 BTC is misleading.
Best strategy is own both. Plus with Bitcoin you can't do pic attached.

[Anonymous No.25268022]

>>25265447
how can a shiny rock can be more valuable than btc

[Anonymous No.25268058]

>>25267945
I'd say after 2021 they will be extinct.

[Anonymous No.25268162]

>>25267945
It's bullish af. Every time I fuck up an investment and get depressed I remember /pmg/ exists.

[Anonymous No.25268190]

>>25267945
its reminicent of old link eth/btc threads
feelsgoodtbh

[Anonymous No.25268226]

>>25265447
It's not fake internet money, that's the thing. You just don't get it. Stop falling for memes.

Look at Tomochain.

[Anonymous No.25268269]

>>25268058
Goldbugs are stubborn af. It's basically a cult, like Marxism or the sovereign citizen movement. They just circlejerk to avoid critical thought.

Not to say gold can't be a decent store of value, but I'd never go all in on it.

[Anonymous No.25268284]

>>25268226
Ok, hand me a bitcoin to prove its real.

[Anonymous No.25268327]

They trade 100x as much gold derivatives as physical gold
Some banker can jew the price and affect it 100x as much as someone selling physical

tl;dr they are suppressing the price

[Anonymous No.25268358]

>>25268284
Prove you're real.

[Anonymous No.25268385]

I always found gems more beautiful than gold, but gold is supposed to be more rare. If poop was super rare it would be the gold standard instead.

[Anonymous No.25268407]

>>25268358
How Can Mirrors Be Real If Our Eyes Aren't Real.

[Anonymous No.25268442]

>>25265447
> Coin verified by 256bit encryption algorithm to be genuine and one of 21 million
> Or Pic Related

[Anonymous No.25268520]

>>25268385
Same. I'd rather buy a bag of sapphires than gold but it's hard to track their price and it costs more to grade them.

[Anonymous No.25268602]

>>25265447
It’s not. One of those bars is worth more than one Bitcoin

[Anonymous No.25268697]

BTC was created by NSA to have control over the world financial transactions and glow niggers convenience in transferring money. It is not that BTC has the best tech, it is from the early days they controlled and invested enough on it and won't let it fall or replaced by anything other.

[Anonymous No.25268723]

>>25268697

[Anonymous No.25268750]

>>25265535
Tulips aren't a store of value readily accessible at any time with a finite supply. There is no cap on the amount of tulips that can exist at one time. In fact, even gold is unreliable if you compare it to the entire universe, as far as a finite supply is concerned. Bitcoin has a purpose and it's great, but that's not to say that other investments don't have their respective uses.

[Anonymous No.25268757]

>>25265592
You couldn’t pay me “in gold” to do anything you massive faggot keep your fucking shiny metal and fuck off

[Anonymous No.25268791]

>>25265447
Because both share the same properties that make them good stores of wealth. The reason gold has been used for thousands of years is because it's rare and there is an (effective) limited supply on Earth. Of course even gold has been subject to insane price fluctuations (local economies were devastated after the king of Mali visited in the early 14th century, also the Spanish bringing back gold from the new world, though silver fared much worse). These were usually local events though, and because of globalization something like that is unlikely to happen again. BTC is actually far rarer than gold (arguably, depends on what units you want to compare) and there will never be more than 21,000,000 in existence (not even factoring all the wallets that people have lost since 2009). As some other anon said, if mining asteroids for precious metals ever becomes profitable, then the value of gold, platinum, etc. will take a substantial hit. Gold does have industrial uses though, while BTC doesn't. I would say this is somewhat marginal compared to other metals (platinum for instance), so that's not enough of a reason to justify the price of gold. So yeah, they're basically the same, but BTC is rarer and it's impossible to fake. I don't fucking know.

[Anonymous No.25268843]

>>25265790
>Gold can't be eaten
That's where you're wrong.

[Anonymous No.25268846]

>>25268750
Also this

[Anonymous No.25268869]

>>25267738
Beanie Babies are also perishable.

[Anonymous No.25268917]

>>25268442
If the bar's fake it will either sound wrong or weigh much lighter than it should.

[Anonymous No.25269021]

>>25267862
go to sleep bitfinexed. satoshi died years ago

[Anonymous No.25269039]

>>25268917
tungsten: see china. 99% of gold is noncustodial.

[Anonymous No.25269093]

>>25269021
This bitfinexed guy sounds pretty based.

[Anonymous No.25269172]

>>25265506
gold works well as a money standard because it is chemically stable as an element. allowing it to last for generations unlike other metals. its also extremely scarce and cannot be created from other components on earth (accept with alchemy).
its also divisible and transportable.

[Anonymous No.25269234]

>>25269172
You forgot the most important one: it's shiny and colorful.

[Anonymous No.25269244]

>>25269039
Tungsten sounds nothing like Gold when tapped with another piece of metal.
Of course if you aren't holding the Gold and can't have it verified it may as well be Tungsten.

[Anonymous No.25269256]

>>25265573
>at some point in the past
You mean 5000+ years ago, literally the entire span of recorded human history? Bitcoin is an infinitesimal blip on the radar compared to Gold.

[Anonymous No.25269298]

>>25265561
crypto God is literally mentally retarded
kek

[Anonymous No.25269335]

>>25268442
KEK
>Coin verified by 256bit encryption algorithm
vs
>element with relative scarcity in the universe, backed by the physical properties of the universe
ur choice faggor

[Anonymous No.25269358]

>>25265592
Ok but doesn’t it stop being trustless at the point it’s “backed” by something?

[Anonymous No.25269401]

REMINDER ALL CRYPTO IS FIAT
>can conjure a infinite amount of it out of existence very quickly
>stick brand names on it with passcodes to try and obscure this fact
Bitcoin is even using outdated programing. It will be replaced by a better digital fiat alternative. Probably backed by a central bank.

[Anonymous No.25269408]

>>25265790
do you know how soft gold is faggot? you could literally chew and swallow it

[Anonymous No.25269417]

>>25265447
How can a few pixels on a screen cost hundreds of dollars? because the virtual world has value to people.
Same with bitcoin.

[Anonymous No.25269438]

>>25265447
>some yellow crap
i know they use it for industrial purposes but why do i need to care about it?

[Anonymous No.25269471]

>>25265535
Difference between the 2 is gold is more diffiuclt to find. If more is found the price goes down to meet the added supply. I could just farm tulips to oversaturate the supply.

[Anonymous No.25269474]

>>25265900
>>25265865
based humble wife farmers

[Anonymous No.25269532]

gold and silver were money because their natural properties simply make them the best for this job.
its not some arbitrary human decision that someone randomly came up with.
The same is with bitcoin.
In a world with mafia that legalized itself, aka governments, stealing everyone's cash by manipulating the money supply to pay its employees and their associates, bitcoin has certain properties that make it valuable against inflationary monopoly(i dont mean the game i mean that government money has to be enforced as a monopoly and once its not it loses all value and inflated to infinity) money.

[Anonymous No.25269603]

>>25265447
those are rocks

[Anonymous No.25269628]

>>25265447
how is that valuable? literally just mine more. Tell the 1% to stop hording wealth and to open up more mining rigs

[Anonymous No.25269795]

>>25268269
Silver has it's case, gold doesn't.

[Anonymous No.25270091]

>>25268442
> Microsoft pushes a windows 10 update with trojan horse in it
> Opsie, hacker has you private key and all your wallets are now drained

vs.

> Has assayed gold in the house
> The only way someone can take it is from my cold dead hands
>

[Anonymous No.25270178]

It’s valuable for the same reason Bitcoin is valuable. Scarcity, can’t be copied, and it’s one of the most stable elements on earth.

[Anonymous No.25270196]

>>25270178
All digital things can be copied. You can even prove you have the bitcoin it says you have.

[Anonymous No.25270213]

>>25270196
can = cant

[Anonymous No.25270294]

>>25265561
god saylor is such a fucking fraud. cant wait for him to get rekt.

[Anonymous No.25270395]

>>25268162
>Every time I fuck up an investment and get depressed I remember /pmg/ exists.

keep coping you fucking retard

[Anonymous No.25270432]

>>25265535
you have to go back

[Anonymous No.25270468]

>>25265506
simple as

[Anonymous No.25270480]

>>25270395
I'm doin' just fine goldbug. Too bad neither of us can either cash out since we agree cash is worthless ;^)

[Anonymous No.25270540]

>>25270480
I will be cashing out for the definitive store of value, Gold.

I would be dumping those bags while you still can. theres enormous downside potential relative to the upside at this point. $220k in small cap commodity equities right now will be more than enough to retire forever at the end of this commodity bull cycle.

[Anonymous No.25270554]

Easy. Nations keep eachothers gold stores as peace and safety trust measures. But multiple times in history a nation asks to check on its gold and the gold just isn't fucking there. What you have is a jpeg of gold and that gold probably isn't fucking there anymore.

[Anonymous No.25271157]

>>25265790
>Gold can't be eaten
ngmi

[Anonymous No.25271420]

>>25265447
shiny rocks are for faggots

[Anonymous No.25271453]

BTC compared to other canonical investment options is nice

[Anonymous No.25271566]

>>25265447
it isn't but the true worth i being suppressed for decades by major banks to cover the failure of the fiat currency system. how are you gonna compete against these juice? their main focus is digital currency. of course, the only way to have full control over ppl

[Anonymous No.25271618]

Theoretically what would happen if nuclear fusion became viable and the price of energy drops to practically nothing? How would bitcoin be affected?

[Anonymous No.25271677]

>>25265447
>Shiny things

[Anonymous No.25271712]

>>25265447
Easy.
Unlike gold, you can can 100% accurately audit the amount of bitcoin held by an account or trust and in general the total amount of bitcoin in existence.
Banks have been dumping made up gold on the market for decades, multiple financial institutions have been fined hundreds of millions for manipulating gold price.
You can't sell fake btc on the market.
You can't lie about ur btc reserves.
No government of company can rug pull you its literally math.

Gold can be made illegal and would make its transactability impossible.

Btc could be made illegal still be transactable. If gold was made illegal, it's transactability would be seriously dampened and it's already shit for starters.

[Anonymous No.25271823]

>>25265447
Simple really. A currency, a thing, an idea, is always worth as much as people will pay for it. No exceptions.

[Anonymous No.25271829]

>>25270480
stop fucking posting this everywhere
you got owned by that law fag

[Anonymous No.25271873]

>>25265877
gold isn't, but you can literally just come up with btc 2, btc 3, btc 4 etc. and hope that one day people will accept these new cryptocurrencies which seemingly they do

[Anonymous No.25271878]

>>25269401
gold is fiat
only silver is money

[Anonymous No.25271929]

this make sense?
>pay guys to dig up rocks, pay guys to build buildings and pay guys to protect rocks in buildings only for rocks to sit in buildings. yep. this is the best store of value. oh and these rocks you can't just be like "let me chip away a quick $40 for lunch"

[Anonymous No.25271968]

>>25265447
Its no different other than you can store it yourself and move it around with you easily.

[Anonymous No.25271995]

Both gold and bitcoin have their own set of advantages and disadvantages. Do your own research

[Anonymous No.25272085]

>>25265447
Scarcity, security and liquidity

[Anonymous No.25272707]

>>25265573
no gold has value because gold and silver are the only elements that serve the purpose of money.
they have durability, portability, divisibility, uniformity and limited supply.
its literally only formed when stars explode anon, do you understand that its gods money?

[Anonymous No.25273115]

>>25265447
the internet is literally built using gold, copper, silver on circuit boards, chips etc. so I would tend to agree, you can have gold without the internet, but you can have the internet without gold, making gold more valuable even ignoring the other uses it has. Unless of course maybe alchemy is real and it is easy to produce gold. Maybe it is a hidden secret. Or maybe jews have gnomes enslaved underground and they are forced to mine gold making it cheaper, who the fuck knows. After this year, nothing would surprise me.

[Anonymous No.25273465]

>>25265447
You can not throw one of those across the ocean to pay an only fans thot for removing cloth

[Anonymous No.25273507]

>>25265447
send me immediately 0.1g of gold.

[Anonymous No.25273582]

>>25271929

>oh and these rocks you can't just be like "let me chip away a quick $40 for lunch"

Look into Kinesis.

[Anonymous No.25273621]

>>25271929
>>25273582

By the way, if you want to pay for lunch with Bitcoin, you'll be paying a $100 fee soon. If 1% of the world population was using Bitcoin, you'd be paying $1000 dollar fees for coffee. Fees for gold-backed cryptos like Kinesis are only 0.5%. _And_ there are no long waiting times.