/biz/ - Business & Finance

[Anonymous No.49747224]

IT CAN'T BE A STORE OF VALUE IF IT DOESN'T HAVE VALUE TO STORE

[Anonymous No.49747349]

>>49747224
Daily reminder that every single finance asset like stocks,bonds,debt,crypto,money etc are all purely parasitical in nature and serve no purpose nor have any inherent value. Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable,unsustainable and exploitative and every single financier or crypto dudebro is a literal parasite. All you parasites will perish alongside your precious stock market and blockchain exactly like you deserve and has been predicted.

[Anonymous No.49747402]

>>49747349
>every single financier or crypto dudebro is a literal parasite
Based, fuck society

[Anonymous No.49747509]

>>49747349

You need to retakte finance 1 because you haven't learned anything.

[Anonymous No.49747762]

>>49747402
Can you also say fuck the modern concept of family too? Cause that is what society has been built on to. That is what the social contract is. That is why capitalism exist. It is a way for men to take "control" of reproduction by creating a society in which women and children are subservient slaves or objects. Property. Just like capitalism. This sin is so great that even God Himself had to intervene and strike down your rotten world. But you cant say fuck family can you know? Cause the moment you start thinking about the possibility of "passing down your precious genes" and those obedient submissive children and wife you start foaming at the mouth like every single male parasite in this hellworld we live jn

[Anonymous No.49747814]

>>49747509
Yes and you are most definitely super smart and enlightned little terminally online basement dwelling incel crypto parasite

[Anonymous No.49747864]

>>49747349
Based parasite schizo

[Anonymous No.49747872]

Gold didn't have "real" value for thousands of years before industrial uses were ever discovered and it worked just fine.

[Anonymous No.49747956]

>>49747224
What is the value of money?

[Anonymous No.49748076]

>>49747872
it had a real value, wearable scarcity

meaning it looks good and is inherently desirable from an aesthetic point of view (like a big titty woman) but there arent many to go around (like big titty women)

[Anonymous No.49748152]

>>49748076
>Gold coins and bars used through millennia of trade were valuable because they could all theoretically be melted down into necklaces
That's just more post-hoc rationalization, not what was actually on anyone's mind at the time.

[Anonymous No.49748178]

>>49747349
I guess this explains why the governments of Venezuela, Cuba, China and North Korea are accumulating gold. Oh...

[Anonymous No.49748191]

>>49748152
it was incredibly rare, looks good as jewelry, meaning it has the inherent value of being desirable for jewelry which gives it the ability to be traded at a reasonably stable rate that doesn't decay which is what makes it money

[Anonymous No.49748234]

>>49748152
>>49748076
It doesn't matter anyways because when gold is being exchanged and when gold is being utilized for its aesthetic purposes are two different things.

That why picrel can happen

[Anonymous No.49748258]

>>49747872
Never oxidizing, wearable, only metal in elemental form that has that color, noble metal, etc.

[Anonymous No.49748271]

>>49748191
When something is being used as money it takes on inherently fundamentally different properties than why something is being utilized.

[Anonymous No.49748294]

>>49747956
It's liquid.

[Anonymous No.49748305]

>>49748191
No, the jewelry market was not the backbone of all Trade for thousands of years. The jewelry was valuable for the same reason that the coinage was valuable - because everyone agreed a priori that the scarce shiny thing was valuable.

[Anonymous No.49748326]

>>49748294
Close but no.

It's used for exchanges. This is true of all money.

[Anonymous No.49748361]

>>49747349
Ha, what else am I going to do, be a plumber? There's no shame in saying fuck this system and trying to exploit every thing you can out of it.

[Anonymous No.49748374]

>>49748271
im not disagreeing, but the trust or custom of using it as money didnt arise from the void ex nihilo, its based on a previous inherent property of gold

[Anonymous No.49748382]

>stores data
>"nothing"

h-heh...

[Anonymous No.49748399]

>>49748305
chicken and egg, i would guess it was worn first then used as a trade medium

[Anonymous No.49748604]

>>49747349
>>49747762
>>49747814
This obnoxious sperg is right
Anyone who thinks buying and selling crypto to get rich is not the literal definition of rent seeking behavior is a low IQ or midwit moralfag who somehow has to justify it to himself so his feewings don't hurt themselves

Buy a house -> do nothing to improve it -> area improves around it -> rent goes up = parasitic rent seeking behavior

I'm still gonna do it though because this system doesn't want white men to have kids
And I would still do it in some hypothetical ethnostate, but not to my people, only to outsiders

[Anonymous No.49748686]

>>49748374
>the trust or custom of using it as money didnt arise from the void ex nihilo, its based on a previous inherent property of gold
It was scarce, it could not be counterfeited, your pile of it didn't shrink or spoil across time, and it was shiny. "Shiny" helped *establish* the mutual agreement that the item would embody the web of interconnected promises that is Trade, but all the other qualities are the real foundation upon which that agreement rests and has always rested.

[Anonymous No.49748951]

>>49747956
Government backing (ie government will fuck you up if you don't accept your currency). For precisely this reason failed states ie states that no longer can control its internal market see their currency plummet in value. Some fiat are also valuable because they are enforced on foreign markets. The dollar being the most famous example.

[Anonymous No.49749021]

So to summarize.
Gold is valuable because it has utility
Fiat is valuable because government forces you to use fiat
Bitcoin is useless shit because it has no enforcement nor material utlity.
Hope that explains everything. Bitcoin is essentially just a lottery ticket, or sports bet. No real utility whatsoever except the quick dopamine kick it gives the winners of the lottery. In the end of course the house ie the "whales" always win, and the participants of the lottery lose as a collective.

[Anonymous No.49749320]

>>49748686
i mean we arent disagreeing, gold isnt valuable for no reason, its for its inherent properties among which is shinyness

[Anonymous No.49749491]

>>49748604
The obnoxious sperg is throwing everything in with it though - money, debt, etc. While there may be an argument in itself about that, crypto is on a whole other level of parasitic, it is really quite an insult to those things to throw crypto in along with it. Let's say your a farmer, you work hard to grow crops to feed people and you get paid for it, there's nothing parasitic about that. Landlords are a lot more sus, but there is at least a theoretical service you are providing in many cases and there is stuff to be done and to worry about including gradually making back your initial investment in the building, it's not just sit on your ass all the time. Crypto is just a joke in every case. So is gold btw, so you can wipe that smirk off your face Mr. Schiff.

[Anonymous No.49750066]

>>49749320
But we are disagreeing, because I don't think it makes sense to describe the sum of Gold's qualities as "inherent/intrinsic value" such that some other arbitrary thing with sufficient scarcity/difficulty in counterfeiting/non-decaying properties could not fill in for perfectly adequately and fundamentally arbitrarily. I assert that these qualities add up to instrumental, not intrinsic, value - that the foundation of Money as a concept is the ability to exchange a thing now for the promise that some other party will give you some other thing you want at some point in the future of your choosing, and that the value of Money is in the web of interconnected promises it embodies, not intrinsic to the Token which tracks the exchanges itself.

[Anonymous No.49750086]

>>49747224
he might want to rethink that one

[Anonymous No.49750124]

>>49747956
among the myriads of goods in the market, money is the name for the good which serves best as a medium of exchange.
read a book, nigga

[Anonymous No.49750161]

>>49749491
>speculation serves no economical purpose
t. economically illiterate
so much words, yet so little brain

[Anonymous No.49750179]

>>49747872
yes, it literally did. before reading and writing were widespread, how the fuck do you think anyone was able to present in real terms their worth as a human being? big lumps of untarnishable metal that last forever are the best material good to turn into coinage, to prove you have done good in the world, and to use that social credit to acquire things in exchange.

[Anonymous No.49750225]

Bitcoin is not a store of value, because we don't price in Bitcoin. If my rent costs 0.01 BTC every month then it would be a store of value for that, because even though the value of BTC may fluctuate against other assets, it would not flucatuate against my rent price.

[Anonymous No.49750267]

>>49747224
schiff right again, crypto is a fucking speculative bubble akin to tulip mania, sure you could make money, but do you want to be the bagholder when shit goes south?

[Anonymous No.49750458]

>>49747224
Humans cannot determine what has intrinsic value because, for humans, value is entirely a subjective thing.

At some point in human history, gold did not have value even when humans recognized its existence.

[Anonymous No.49750736]

>>49750124
That was my point, retard

[Anonymous No.49750739]

>>49750458
My guess is gold first probably got valuable when some cave man realized he could trade it to a woman for sex. Then the woman gave it back to the guy for food. Then the guy gave it back to the woman for more sex. Eventually they just agreed to split the shiny rock in half, the man took one half and the woman took the other, they give each other sex and food and presto, first wedding “ring.”