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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53378521 No.53378521 [Reply] [Original]

Reminder to all the people STILL fudding Bitcoin in 2023 this is what you look like to me.

>> No.53378546

The use cases of the internet were fairly clear after the first 15 years.

Cryptocurrency is still purely speculation After 15 years

>> No.53378573

>>53378521
he is correct tho, the internet did nothing to change the economy it just amplified the global economy. Just like the fax machine it was just communication

>> No.53378584

>>53378573
Let's just ignore all the businesses that were able to come into existence because of the internet

>> No.53378587
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53378587

>>53378546
>Cryptocurrency is still purely speculation After 15 years

>> No.53378615
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53378615

>>53378521
And where is Paul now?

>> No.53378616

>>53378521
>talking about Bitcoin in 2023
Is this board full of boomers? Bitcoin is a fax machine

>> No.53378625

>>53378546
look at NFT's

>> No.53378756

>>53378625
That's pretty much all you can do with them, yes.

>> No.53378820

>>53378756
An NFT doesn't have to be pointer to a piece of art. It can be used for any kind of unique or fractional ownership. Imagine a music artist selling royalty ownership as NFTs of his song. perhaps each second is an NFT, then whenever excerpts are paid royalties, those persons are paid accordingly. A home deed can be an NFT. Any kind of ticket, perhaps to a theatre or concert, can be an NFT. Pointing to jpeg urls is pet-rock tier, but NFTs have digital transactional use cases. Market simply hasn't matured yet. Remember when e-commerce was a meme for the internet?

>> No.53378832

>>53378616
Bitcoin is the Yahoo of the dotcom era
Ethereum is Google
Chainlink is Amazon

>> No.53378894
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53378894

>>53378820
>right click
>save
lmao

>> No.53378932

>>53378832
Holy shit this shitcoiner cope is still going strong. 2017 called and they want their dead narratives back.

>> No.53379044

>>53378546
it's a store of value and a medium of exchange

>> No.53379061
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53379061

>>53378820
>>53378820
It's a solution looking for a problem.
>A home deed could be an NFT
You know what else a home deed could be? A home deed.
>A concert ticket could be an NFT
Or a concert ticket could just be a concert ticket, as they have been for 1,000 years, without some ridiculous infrastructure on the backend.
This is all just a stupid fucking make-work idea. It doesn't solve any problems that aren't already solved by something in the real world.

>> No.53379069
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53379069

>>53378894
>look in any direction
>its flat
earth is flat lmao

>> No.53379083

>>53379061
Modern day conveyancing is a fucking shitshow, you shouldn’t need a lawyer when it’s all boilerplate anyway. Digitally sign a smart contract and the house NFT changes owners simultaneously with the payment transfer and tax liability. Massive efficiency increase, conveyancing lawyers seething.

>> No.53379112

>>53378546
It's a store of value, a unit of measure and a medium of exchange
It's the money of the internet

>> No.53379132

>>53378546

Look at the scammers throwing a fit...

>> No.53379147
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53379147

>>53379069
>earth is flat lmao
i mean, of course it is. You didn't fall for the meme did you?

You're not one of those trump tards who think the earth is round, right?

>> No.53379148

>>53379083
You can't explain this concept to a Boomer (read: home seller) in 5 words or less so it will not happen for a minimum of 40 years.

>> No.53379178

>>53379083
>>53379148
Also
>power outage
>you are now technically homeless thanks for playing

>> No.53379182

>>53378587
why don't you give us an example of a valuable use case?

>> No.53379190
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53379190

>>53378615

>> No.53379207

>>53378521
except bitcoin is like netscape
https://www.youtube.com/watch?v=W4wWdmfOibY

>> No.53379211

>>53378820
>Imagine a music artist selling royalty ownership as NFTs of his song. perhaps each second is an NFT, then whenever excerpts are paid royalties, those persons are paid accordingly.
are you telling me that conceptually this was not possible before people assigned hash values to monkey images? or is it more likely that there are other ways to register digital ownership like this but no one has bothered because it isn't useful to own a second of a song (as opposed to just owning a share of the royalties, for which standard record keeping works perfectly fine)

>> No.53379213

>>53379148
You don’t have to explain shit to them You literally hand them some gaudy app called Sellr or some shit and tell them if they sign here their house is sold and it’s all done, and they say “oh my gosh that was easy, it used to take days”

>> No.53379225

>>53379190
I actually was on the (((redacted))) web a few years ago and came across a listing for a professional hacker.

The guy said he would do just about anything except for murder someone. But his specialty was ruining peoples lives, espionage, blackmailing, etc...one example he used was that he could plant cp on someones machine and use that to get them prosecuted serve jail time.

So, who knows...

>> No.53379443
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53379443

>>53378521
Reminder to all the people who think BTC will be a global currency this is what you look like to me.