/biz/ - Business & Finance

[Anonymous No.3448331]

How will Bitcoin go down in history when it's all said and done?

[Anonymous No.3448348]

Neets never went to school so they did not know they were repeating history. Basically, its a fucking tulip mate.

[Anonymous No.3448358]

>>3448331
E Z money

[Anonymous No.3448370]

>>3448331
Neets mass suicide 2017.

[Anonymous No.3448381]

>>3448331

Countries suddenly face large surpluses after the neets have killed themselves by 2018

[Anonymous No.3448387]

>>3448331
The beginning of the Golden Age of Neets

[Anonymous No.3448417]

>>3448331
A bunch of NEETs and early investors will become part of the new 1%.

Normies will wonder how they missed out again.

[Anonymous No.3448424]

>Can you believe it Timmy, your grandpa knew about bitcoin when it was only $10,000, he could have bought a whole bitcoin and we would have been rich

[Anonymous No.3448432]

>>3448424
>normie investment logic

There is a reason why your family is poor

[Anonymous No.3448436]

>>3448331
there wont be any history by the time bitcoin is said and done

[Anonymous No.3448443]

failed experiment. Does anyone really think that the "powers that be" that control the world by controlling the supply of money will suddenly give that control up because of a math algo which protects value. Does anyone really believe that???????

[Anonymous No.3448490]

>>3448331
I think it'll be like any other goldrush,
It will only be remembered as another 'toogoodtobetrue' way of finding untold wealth for the normies who get in too late.
By the time it goes mainstream, which we may be fast approaching, the ones who have made their wealth will be gone and in their stead will be those analogous to the gambling halls and bars of the old west, who make the real money off of the goldrushers.
>Coinbase will be fucking rich

[Anonymous No.3448501]

>>3448443
Retard detected.

Bitcoin? Revolution on the same scale as the Internet.

[Anonymous No.3448511]

>>3448331
In the early 21st century, Many uneducated none working mentally disabled autists managed to become the new 1%. Their actions in the past is why the future we have today exists, and we thank our founding neet fathers every single day, when we drive out flying cars, Breath the clean air under our wonder full domes, and when we visit the dinosaur park. The genetically modified kekesaur is all thanks to these wonderful people.

[Anonymous No.3448557]

>>3448490
And then, most people won't really even know what bitcoin is or does.
I should say crypto in general, because maybe something will overtake BTC as king, but crypto will likely run on in the background, controlling the finances behind normiesh apps, or even as the framework for the ambitious new internet if the ever becomes a thing.

[Anonymous No.3448570]

Greatest scam in history with a cult like following
With all the bad news incoming for bitcoin the people at /r/bitcoin and biz will cry FUD and fake news as the price tumbles
Little do they know that this experiment is doomed to fail
A cup of coffee will cost $10 in fees, no one is buying anything with bitcoin, only buying it to enrich themselves
Bitcoin is the myspace of crypto soon to be replaced but they will continue to speculate as if it has a use in the future
Only to lose everything

[Anonymous No.3448591]

>>3448331
Legacycoin. In many ways it already is that. It was always just a prototype for what comes next

[Anonymous No.3448593]

Dozens of virgin loser Nazis become billionaires. Buy out the system. leftist cucks get sent to camps by the new world order

[Anonymous No.3448596]

>>3448511

Dubs confirms.

[Anonymous No.3448599]

>>3448570
>believing that Bitcoin's scaling issues will never be solved
Another retard detected, this thread is bringing them out of the woodwork.

[Anonymous No.3449561]

>>3448348
>>3448370
>>3448381
>>3448443
>>3448570


YOU ARE A FUCKING RETARD

PEOPLE CANT PRETEND THEY ARE YOU AND STEAL YOUR FUCKING BITCOIN

PEOPLE CAN PRETEND THEY ARE YOU AND STEAL YOUR USD FROM YOU

HOW THE FUCK IS YOUR STUPID FUCKING USD's WORTH MORE THAN MY FUCKING IMPREGNABLE BITCOINS

[Anonymous No.3449655]

>>3448348
Tulips are the best possible analogy. Every other bubble had something of value pushing it - housing, tech, whatever.

But tulips and bitcoins are literally nothing.

[Anonymous No.3449676]

>>3448599
>>3448570


Cult like following....

I have noticed this as well. I have been a trader for 5 years and made alot from it, yet I tell everyone I know that I am of the opinion bitcoin is acting as a ponzi. This pisses alot of other people I know off

[Anonymous No.3449682]

>>3449655
>no identity theft
>depending on the coin, can make untraceable transactions
>can be decentralized
>Jews hate it and is out of their greasy reach
>good store of wealth if it ever becomes big and stable enough
>no bank and fed middle men
>no charge back jewery
And that's only the stuff off the tip of my brain. Anyone who compares it to tulips may literally be retarded.

[Anonymous No.3449698]

>>3449561


HUH DUH, I can put a virus on your computer and steal your bitcoins. Except when I do, there is no number to ring to get it reversed.

[Anonymous No.3449705]

>>3449655
bitcoin's value comes from not being influenced by jews

[Anonymous No.3449709]

>>3448348
I didn't know it took over a thousand dollars in electricity alone for the computing costs of creating a tulip

[Anonymous No.3449715]

>>3449682
But none of these are unique to Bitcoin.

Tulips
>Smell great
>Look great
>Come back year over year
>Make a home look more appealing
>Prevent erosion
>Are one of the first flowers to come up in the spring providing substance for pollinators

And that's just off the top of my head. Anyone that compares tulips to an overly inflated asset may literally be retarded.

[Anonymous No.3449741]

>>3449715
you can put information in it

and that exact information, at that point in time, once confirmed, is permanent

make tulips do that you faggot

[Anonymous No.3449762]

Tulips can be infinitely generated, Bitcoin cannot. Additionally people can lose Bitcoin through mistakes reducing the available supply

[Anonymous No.3449767]

>>3448331

When future man looks back to the past and examine our present, they will see that although we didn't have the maturity for it (globally) we did have the understanding of needing better, decentralized things.

I think Bitcoin itself will one day lose grounds to a reinvention of the wheel by some intelligent individual or individuals. I think Bitcoin and Satoshi will go down in history as the first 'Wheel' for this new technology. I think Blockchain tech will help revolutionize our society and world. It will ultimately give ground to something better which builds upon's it and help's further push technology forward.

[Anonymous No.3449769]

>>3449741
>inb4 he says "carve it and freeze it"

[Anonymous No.3449776]

>>3449741
Let's see a Bitcoin smell nice
>>3449762
You can generate a lot more crypto currencies than tulips

[Anonymous No.3449783]

>>3448331
>Ill trade you 100 bullets for 30 satoshis artyom. just show me your qr code

[Anonymous No.3449788]

>>3448331
I'm always curious if these btc fudders are just people who shorted and plan on buying back in later. I get it if you think BTC will eventually be replaced by something else. But it's obvious that cryptocurrencies in general are going to fundamentally change the process of value transfer.

[Anonymous No.3449813]

>>3449767
This.

What's going to happen is some banking institution is going to drop a coin with checking/savings accounts and debit cards while completely wrecking the anonymity of blockchain and it's going to SOAR.

Why? Because the average person wants something they are familiar with and the government wants this stuff being tracked appropriately. Everything besides BIGBANK coin is going to be outlawed and used blackmarket (like it used to be).

There's your future. 200 years from now fiat will be looked at like people trading salt thousands of years ago. Bitcoin will be looked at like Roman nickels.

[Anonymous No.3449819]

>>3449788
because making a thread on biz will effect the market of bitcoin.


>being this retarted

[Anonymous No.3449827]

>>3449813
>he doesn't know the damage the equifax has caused to the debt based system
hehe anon, im so sorry but you should look into that. It's a hell of a lot worse than most people realize.

[Anonymous No.3449860]

>>3449715
>>Come back year over year

I won't say any more.

[Anonymous No.3449869]

>>3449827
I did because I'm affected.

I know how bad it is.

Banks aren't going to just disappear. They literally run the country.

[Anonymous No.3449891]

>>3449869
Run a few scenarios in your head and let me know how it turns out. Banks will liquidate and disapear. They will claw for life but it won't happen. Something else will replace the current system because their wont be any choice. Banks will obviously try and get behind that but if it's crypto based they may not be able too. Theirs a lot of scenarios and ways this can play out, all of them bad, Most of them good for crypto though.

[Anonymous No.3449942]

>>3449891
It's pretty bad but it's not that bad.

Now if a chinese hackerfarm of 100000x chinese get our shit and start taking out constant loans on stolen identities to crash our economy? Yeah, that's when it's bad.

[Anonymous No.3449963]

>>3449709
Great job proving it costs something and gives you nothing.

>Labor theory of value brainlet detected.

>Diamond-water problem detected.

[Anonymous No.3449973]

>>3449942
welcome to our current Equifax timeline :P. It's going to be so much worse than anyone wants to admit.

[Anonymous No.3449984]

>>3448331
The best pyrite that a banker could ever want.

[Anonymous No.3450007]

>>3449973
What would really fuck us is if they cripple our economy and THEN they ban bitcoin.

The second news hits about chinese wrecking people's credit I would instantly start dumping into crypto.

[Anonymous No.3450026]

>>3450007
Baning crypto is a whole other discussion, which is too complicating and long to get into here atm.

>The second news hits about chinese wrecking people's credit I would instantly start dumping into crypto.
China would absolutely do it too. They want nothing more than to cripple the US and replaced the world currency with their own.

[Anonymous No.3450050]

>>3449963
go to bed trace. no one thinks you are smart

[Anonymous No.3450298]

>>3449860
Cyptos pop up day after day.

[Anonymous No.3450709]

>>3448348

tulips are renewable and endless supply, not the same thing at all

[Anonymous No.3450885]

>>3448331
Wrong one. Bitcoin cash will be 50,000 each by end of 2018. Screencap this

[Anonymous No.3450938]

Every text book will mention the moment that quantum cryptography made it possible for a nation state to generate private wallet keys at will.

We will also be ironic about the fact that these current generations had no clue about living in a simulation build by humans from the future. About the debate between digital and physical cash, when in "reality" both were qubits stored in the database owned by a spoiled teenager from the year 4523, whose family got rich from the "real" bitcoin (before bitcoin was spend to build the current simulation in the form of a game). YFW Trump is just some teenage kid trolling his stupid game of Sims 4523 his grandmother bought him for Satoshimass.

[Anonymous No.3451007]

>>3450709
>tulips are renewable and endless supply, not the same thing at all
>supply
The elasticity of supply is key.

>We will also be ironic about the fact that these current generations had no clue about living in a simulation build by humans from the future. About the debate between digital and physical cash, when in "reality" both were qubits stored in the database owned by a spoiled teenager from the year 4523, whose family got rich from the "real" bitcoin (before bitcoin was spend to build the current simulation in the form of a game). YFW Trump is just some teenage kid trolling his stupid game of Sims 4523 his grandmother bought him for Satoshimass.
+1

[Anonymous No.3451026]

>>3451007
A+ would read again

[Anonymous No.3451168]

>>3450885
what?

why, it is so cheap

[Anonymous No.3451179]

The gold killer.

[Anonymous No.3451193]

>>3450709
Crypto also have an endless supply, the exact same.

850+ bitcoin clones and counting

some even have no coin cap....

[Anonymous No.3451198]

>>3451168
just the beginning :)

[Anonymous No.3451219]

>>3451198
Really, you shilling or this is seriously going to get higher??

Its just an alt right..

[Anonymous No.3451263]

>>3451193
>>3451193
Each (successful) coin is unique in some way. Redundant coins die off. Do you really think there will be an endless supply of coins that people actually want? There won't be, that's ridiculous.

And even if a coin has no cap, it's inflation is governed by immutable rules. Some of these are often POS coins that reward holders with dividends. There's no real disadvantage in holding a coin like this over one with a hard cap.

[Anonymous No.3451286]

>>3451219

[Anonymous No.3451398]

>>3451263
There will be cryptocurrency collectors in the future. I bet there already are.

[Anonymous No.3451458]

>>3449676
if Bitcoin is a ponzi, so is literally everything else every bought and sold in the history of mankind, so your point is very moot you LARPing faggot

[Anonymous No.3451727]

>>3448331
Eventually quantum computing gets invented and all private keys will be cracked

[Anonymous No.3452271]

>>3451458
You should read the definition of ponzi.

[Anonymous No.3452623]

>>3449676
>bitcoin is acting as a ponzi
kek
no fucking clue what this is about uh?

[Anonymous No.3452652]

From 2 cents to a dollar.

Here we go!

>>3451457

[Anonymous No.3452705]

>>3448348
How is it anything like a tulip? The tulip market crashed because people realized tulips die (giving them no value) btc doesn't die its not a living thing. The real question we should be asking is did you go to school?

[Anonymous No.3452788]

>>3448348
>muh tulips

[Anonymous No.3452816]

Bitcoin is great. But it will die. There are better and more useful cryptos. Bitcoin is only propped up by greater fools buying minable coins and people autoselling into Bitcoin. It will end eventually.

[Anonymous No.3452905]

>>3449676
This. It's is one of the biggest Ponzi schemes in the world and it's about pop.

[Anonymous No.3452939]

>>3449655
btc is nothing like tulips.
every other bubble had (((inflationary credit))) behind it

[Anonymous No.3452955]

>>3452788
To be fair Buffet is a point here that is more sophisticated than saying "hurr new technology bad". He admits blockchain is great for money transfer but doesn't understand why Bitcoin itself has a valuation-- In buffet's mind, cryptocurrency should all work like USD Tether

[Anonymous No.3453133]

>>3452955
he says theres no intrinsic value, which is 99.999% true, but it doesnt matter because you transfer the bitcoin itself

[Anonymous No.3453146]

>>3452955
I don't understand how he doesn't see the value of bitcoin. It's a statement that may make sense now, but in several years it will look quite silly. Just like that one anon who said "bitcoin won't be successful"

[Anonymous No.3453166]

>>3452905

You are correct,

But it isnt bitcoin.

[Anonymous No.3453201]

>>3452955
Blockchain isn't good for money transfer because it's not scalable. Transaction time and resource requirements increases exponentially as the blockchain size grows linearly.