/biz/ - Business & Finance

[Anonymous No.52754828]

Prove him wrong. Protip: You can't.

[Anonymous No.52754837]

>Occupation: Crypto investor

[Anonymous No.52754862]

>>52754828
>is always up-to-date with the latest tech
>is unable to understand that blockchain mogs all past tech we've witnessed
thought this nigger was based. guess its just another glownigger

[Anonymous No.52754886]

>>52754828
He's right and that's why it's so successful. It's basically the greatest casino ever created, global, decentralized, opened 24/7, unregulated.

[Anonymous No.52754896]

>>52754862
He’s just a tech golem, incapable of imagination but good enough to wrench on the gears

[Anonymous No.52754932]

>>52754862
>blockchain mogs all past tech
blockchain is slow, expensive and awful to use
the use cases where actual decentralization is needed all involve crime or censorship resistance, which means ~0(zero)% of legitimate business need it.

[Anonymous No.52754939]

>>52754828
it is for people like him

[Anonymous No.52754949]

>>52754862
>muh revolutionary tech
name 5 use cases for cockchain
go

[Anonymous No.52754954]

>>52754862
current real world use cases for crypto:
>drugs
>child porn
>money laundering

[Anonymous No.52754966]

>>52754828
they dont call it the "shitcoin casino" for no reason.

[Anonymous No.52754977]

>>52754896
just another scripter i guess.
>>52754932
it's still early. tech is evolving fast. it will be the new internet though. DAO's will overtake most of the internet's protocols and services. we have just yet to understand what we're dealing with just as no one could've predicted bitcoin to go to $69k. say this back in 2016 and they'd laugh at you.

[Anonymous No.52754992]

>>52754977
when bitcoin was 69k none of you true believer fags could believe it could go back to 15k

[Anonymous No.52755011]

>>52754949

1.Enables storing of money eithout "them" having easy access to the bank to freeze it.
2.Enables unregulated gambling for degenerates who want it
3.Enables international multi million transactions without having to KYC
4.Enables money printing so more people can get rich not just "them:
5.Idk but theres deffo more

[Anonymous No.52755057]

>>52754992
exactly. you're proving my point. we do not know what we're dealing with. it's always laughed at until it's right there in front of you.
>>52754949
transparency
ownership of money/assets
immutability of data
traceability
tokenization

[Anonymous No.52755070]

>>52754828
Daily reminder that finance and economics are pseudoscientific make believe gqrbage and capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. Every single finance asset is inherently worthless and parasitic. Ever escalating recessions, poverty, debt, wealth inequality, monopolies, disease, pollution, exploitation, slavery, conflict and wars are fundamental, necessary and intended principles of it, NOT glitches. Greed, selfishness, lying, cheating, stealing, competition, conflict, slavery and war are behaviors highly encouraged and incentivized under capitalism. It is LITERALLY cancer and i dont mean it metaphorically, i mean it literally, it shares the exact same functions and principles as a cancer cell.

You know how all of you parasites always say "HuRr durr gommunism maybe good in theory but always 'fails'"? Well capitalism doesnt even work in theory and unfortunately for financier parasites like you, we live in a mathematical universe and if something cant be expressed in a theoretical/mathematical way it WILL not appear or be maintained in the physical world.

The freer the market the more enslaved everything and everyone else is and the more blood sacrifices need to be performed to "the Line god". An economy needs to be as regulated and planned as possible to serve the living beings needs and desires and be able to be adjusted according to our needs at any given moment/period.

4chan parasites, financiers, rightoids and nazis like you will seethe and cope and scapegoat "the lazy subhuman useless eaters" or whatever allows you to justify and slavery, but these are the facts and the longer you deny them and bury your heads in the sand the more you will continue leading lonely, sad, hateful and painful lives into even more miserable and pointless deaths as the proud, obedient, compliant, insecure and submissive bootlicking proud modern day slaves that you so desperately want to be

[Anonymous No.52755175]

>>52754828
black ppl are ease to debunk

[Anonymous No.52755221]

>implying that statement isn't true about buying stocks
the absolute state

[Anonymous No.52755316]

>>52754828
all "investing" is basically just gambling

[Anonymous No.52755486]

>>52755221
>buying into real companies carrying on a business for profit
vs
>buying a string of numbers on a chinese persons HDD

[Anonymous No.52755494]

>it's basically all just gambling
He's right. I'm basically just a good gambler.

[Anonymous No.52755498]

>>52755486
>companies can't fail, go under and make your stock lose all its value
THE
ABSOLUTE
STATE

[Anonymous No.52755659]

>>52754828
It's all gambling until you learn to own and farm stablecoins on some non custodial DeFi middlewares for yields. Even Jews know that this isn't your normal nay/yeah on random alts.

[Anonymous No.52755681]

>>52754828
I've made way more money with actual gambling than crypto gambling

[Anonymous No.52755734]

>>52755011
>>52755057
based
>>52755070
kys commie

[Anonymous No.52755756]

>>52754828
This is the kind of brainletism that afflicts people who never attended university.

[Anonymous No.52755775]

>>52755756
people who bought bitcoin at the top had university education most likely

[Anonymous No.52755836]

>>52754932
>blockchain is slow, expensive and awful to use
Laughs in XLM

[Anonymous No.52755868]

>>52754949
Crypto is the only way to trustlessly create scarce digital information, most important being money. This is huge and it can be expanded to full financial systems and beyond with smart contracts. Compare companies/institutions doing stuff currently to possibly crypto protocols doing them in the future:
No bloodsucking fees from companies/banks/intermediaries because a protocol does it more efficiently and seeks less/no profits.
No censoring/canceling/discrimination because everyone with an internet connection can use the open protocol equally. Even software with no human/company behind it can do transactions and own stuff.
The code has all the control and power and is immutable. The network can't be killed because it's decentralized. You can create new monetary policies with this that are separated from the government/meatspace.
Less bureaucracy. Saves people's time and energy. No more calling to the customer support to fix a stuck international money transfer because it got autoflagged as suspicious. The code just executes.
More privacy (depends on implementation, but at least pseudonymous).
Option for more transparency. E.g. see where every penny of tax money goes, reducing corruption.
More interconnected. Because dapps are open and free, they are connected to each other and can read/write with other dapps. This creates new interesting dapps/webs of dapps where data is shared.
Full ownership and control with cryptography. Even better than physical ownership because it's harder to confiscate.
etc.
Most of crypto has turned into scams and semi-scams, or in general just making money, while forgetting the actual tech what makes crypto valuable. Crypto is exactly what Nick Szabo explained in his 1997 paper The God Protocols. Go read it and think why people thought about this 25 years ago. https://nakamotoinstitute.org/the-god-protocols/

[Anonymous No.52755910]

>>52754828
Actual gambling is way more consistent, like poker, blackjack, craps, arbitrage sports betting, etc.

[Anonymous No.52755948]

>>52754949
>money without middlemen
>voting
>vidya game cosmetics
>concert tickets
>betting without the house

[Anonymous No.52755972]

>>52754828
Not really, buying LINK for example wasn’t gambling because anons on /biz keep providing breadcrumbs on possible developments with the project. People knew chainlink had an actual product compared to all the garbage that was out at the time.

Some people treat it like gambling because there profit motivated others who are more interested on how the project functions will be user motivated and they’ll invest because of that.

[Anonymous No.52756028]

>>52754828
In gambling the house always has the edge. In crypto investing, you're responsible for managing the edge.

[Anonymous No.52756029]

>>52755486
investors must be real glad they invested in a real company with ongoing for profit business instead of some silly crypto coins (that's at least can be proven real by cryptographic consensus)
https://www.reuters.com/technology/ontario-teachers-pension-fund-write-down-investments-95-mln-ftx-2022-11-17/

[Anonymous No.52756176]

>>52754828
He is right. The way most people "invest" into crypto is pure gambling. Buying into the latest scams, VC marketing, meme coins with hope of it going up. If you ask them what is the underlying principle that makes a project valuable they have no idea. You make it investing by buying project that really are building something and that's less than 1% of them. Then you have to hope that adoption and network effects kicks off.

[Anonymous No.52756200]

This retard cannot be anymore wrong. Investing in bluechips like eth and Polygon is not gambling. leverage trading and being a retard is gambling.

[Anonymous No.52756227]

>>52755221

>>52755486 see >>52755498

Also, to add onto >>52755498 the government can literally freeze any of your assets whenever they want retard. You know how many American and European pension funds lost money because of the retarded sanctions on Russia?

Cash, Physical PMs and Crypto cold storage are the ONLY things the government can't track.

[Anonymous No.52756259]

>>52754828
>anything volatile is gambling
Its such a low IQ take.

[Anonymous No.52756275]

N

[Anonymous No.52756283]

I

[Anonymous No.52756482]

>>52754828
His opinion matters because?

[Anonymous No.52756554]

>>52754828
Why do all these influencers that make easy money on the internet hate crypto so much? Is it because they don't want we have what they have?

[Anonymous No.52756851]

>>52756482
most influential techtuber in the world

[Anonymous No.52756934]

>>52754828
The tax laws of my country say it is not gambling. If it were it would be tax exempt.

[Anonymous No.52756969]

>>52756554
>Is it because they don't want we have what they have?
Definitely... They will hide every truth about in crypto like stablecoins farming through SpoolFi and lure you into buying rugpulls which they want to max their money. 99% of them are 99% into stables. Pray for IQ to decipher this hidden fact.

[Anonymous No.52756984]

>>52756969
>stablecoins

stable losses

[Anonymous No.52757002]

>>52756969
Based subtle shill trying to get retards to buy “spoolfi”

[Anonymous No.52757193]

>>52754828
Well if you're a nigger like him he's right.

[Anonymous No.52758011]

>>52754828
Black people are dumb.

[Anonymous No.52758103]

>>52754862
Blockchain "tech" is not revolutionary or even necessary. We're just benefitting from the printing press and the resulting mass speculation and misallocation of capital.

[Anonymous No.52758114]

Technigger doesn't understand money and how it's devalued constantly by bankers and how bitcoin solves this.
I don't blame him though because he's filthy rich and has no need for understanding this

[Anonymous No.52758253]

>>52758114
*gets dumped by chinese*

heh nothin personnel kiddo

[Anonymous No.52760090]

>>52754828
>golem who makes videos about swiping around on the newest goyphone doesnt know shit about technology

I'm shocked

[Anonymous No.52760128]

>>52758103
this basically

[Anonymous No.52760168]

>btc price goes down
>"experts" suddenly reveal it's all fake gambling
Yawn

[Anonymous No.52760181]

>>52755486
>buying into real companies
You're not buying shit, just an IOU that says they'll pay you some money if they feel like it.

[Anonymous No.52760192]

he makes glorified commercials for billionaires

[Anonymous No.52760195]

>>52754954
How about getting money over any border. Name a better way to do it, I'll wait
>noooo that's illegal
No it's not, it's unregulatable is what it is

[Anonymous No.52760199]

>>52760168
>btc price goes up
>it's over bros fiat is finished

[Anonymous No.52760202]

>>52754954
true only if you're a dirty jew and you can't think of anything else

[Anonymous No.52760355]

>>52760199
Fuck you moot

[Anonymous No.52760658]

>>52755070
very based.

[Anonymous No.52760991]

He's right and there's nothing wrong with that. You can pretend to be a chef by making sandwiches and nothing more, but you are not really a chef. You are not an investor for buying crypto exclusively. Again you can play pretend by doing TA and all that cute stuff but you know deep down it's all inner cope.

[Anonymous No.52761035]

>>52754828
isn't this techjogger?

[Anonymous No.52761100]

>>52754828
AYOOOOO DAWG, I ONLY BUY DEM GUCCIS AND RICKS NO CAP
DRIP IS THE ONLY SOUND MONEY MY NIGGA

[Anonymous No.52761199]

all investing is gambling

[Anonymous No.52761472]

>>52754828
it's all gambling, whats the point op is trying to make? He doesn't actually think DOW and S&P investor have skill,does he?

[Anonymous No.52761549]

your all just hoping to bet against the nongoy who is taking your so called investment

[Anonymous No.52761689]

I hate bitch ass niggers like him but he has a point in this subject. /biz/ is irrelevant in this matter