/biz/ - Business & Finance

[Anonymous No.55560999]

>2013
>"crypto is the future". Sure it's only used for gambling now but it will revolutionize and disrupt everything
>2023 "the future"
>nobody uses crypto for anything but gambling

[Anonymous No.55561073]

>>55560999
>Nooooo you don't heckin understand governments will use my blockchain for CBDC, why? They just will okay!
>Muh digital gold!
>Future of finance!

[Anonymous No.55561087]

The future is about gambling.
Got a problem with that?

[Anonymous No.55561128]

>>55560999
fuck,you got me lilbro, where can i receive my CBDCs and get a vasectomy for my shaved mangina?

[Anonymous No.55561160]

>>55560999
Crypto, aka "everything that isn't Bitcoin" is absolute garbage with no purpose but fraud.

Bitcoin is literally the world's strongest currency, the world's first digital commodity, and the world's best form of property.

Stay poor, nocoiners/shitcoiners.

[Anonymous No.55561175]

>>55561160
>Muh bitcorn is stored energy!
>Muh bitcorn is digital property!
>Muh bitcorn is going to be the global settlement layer!

Kek - babbies first Michael Saylor video.

[Anonymous No.55561178]

>>55560999
Yesterday I paid for whisky with ADA.
It's been useful for me.

[Anonymous No.55561180]

>>55561087
kek, that made me laugh

>>55561128
I don't think you'll be able to buy anything without CBDCs in the near future, and no crypto won't save you since it fails as a currency. So in order to buy anything to eat and pay bills you'll need to sell your gambling tokens (crypto) for real money (CBDCs) just like you sell them for dollars today, only difference is they'll just tax you 50% automatically when you enter back into CBDCs, that's the future of crypto.

[Anonymous No.55561317]

>>55561180
we already have a shitload of places that offer everything from food to homes and cars with crypto payments you dense bro. By the time cbdcs get released you're going to see an exponential increase in those .

[Anonymous No.55561352]

>>55561317
>By the time cbdcs get released you're going to see an exponential increase in those
and how will your broken blockchains absorb this "exponential increase" when they can't scale to even handle NFT volume. Become even more centralized?

[Anonymous No.55561402]

>>55561352
>what lighting network
>whats Solana [50k transactions/ second] meanwhile Visa with 25k/s

[Anonymous No.55561420]

>>55561402
>>what lighting network
a flawed offchain massive security risk

>Solana
kek

[Anonymous No.55561475]

>>55560999
>2033
>still for gambling but worth 100x what is now
>bobo seething

[Anonymous No.55561476]

>bro, we're a decade in and it's only the most successful organic money since the shiny rock, p-please start freeing yourself from financial slavery!

1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

BTC solves money, it is technical fix for a political problem, it is transactionally easy hard money, that is the value of crypto.

You can't sell corn for less than it costs to produce, unless you pay people to grow corn. This is a supply-side subsidy, social spending acts as a supply-side subsidy for labor, if a worker needs $x to exist they CAN'T sell their labor for less than $x, but what happens if we give them food stamps, subsided housing, Medicare etc? Well now they can sell their labor for less than it costs to produce!

But wait! How were those social programs paid for? Deficit spending? You mean counterfeit money? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets) THIS is the driving force of the wage/productivity divergence seen since the 60s.

Notice that asset inflation also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers etc al get paid so poorly, $60k seems like a lot if you bought 20/30/40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.

The entire fiat grift rests on debasement outpacing wage growth, such that real wages fall while assets inflate (parasitic transfer of resources from income earners to oligarchs). PoW crypto allows workers to opt out of the fiat grift, BTC will pump because statist fucking shits will never stop debasing.

[Anonymous No.55561487]

>>55561180
state is memeshit bro, you believe in the easter bunny too? economy abhors inefficiency, you think because a parasite is large that it is powerful, but a large parasite just means the rewards for discarding it are great

[Anonymous No.55561490]

>>55560999
Amazon doesn't pay dividends
who gives a shit.

[Anonymous No.55561513]

>>55561476
No spoonfeeding. Let the newfags get rekt and learn the hard way.

[Anonymous No.55561549]

>>55561475
>the tulips are going up in price, seethe!

>>55561476
Bitcoin is not a solution for any of that. People would be better off with a gold backed currency. Not literal fiat, which Bitcoin is.

>>55561513
>newfag
kek, I first bought Bitcoin in 2013 you goof. Sold everything in 2017 and I only short it since 2018, will never buy it again.

[Anonymous No.55561564]

>>55561549
>Sold everything in 2017 and I only short it since 2018
lmao this explains why you're so salty

[Anonymous No.55561566]

>>55561476
Do you know what “Bitcoin maintainers” are?

[Anonymous No.55561611]

>>55561564
I bought Bitcoin at and average of $200 and sold over $16,000 so no. See, I actually used to believe in Bitcoin, when I bought it still had potential, we'd talk about how it would be used in the future for payments and as real currency on bitcointalk but by 2017 I realized it would amount to nothing and was just another inflated asset so I sold, no regrets. Now I short when baggies are euphoric. I'm disillusioned which is a good thing.

[Anonymous No.55561722]

>>55561549
Backed soft money already failed, see point (3), you can't trust oligarchs to keep the peg, it's too easy to cook the books a little, then a little more, then a little more until it fails like the gold USD failed in the 30s, and then all pretence was dropped in '71. BTC is trustless uncorruptible hard money that's easy and cheap enough to actually use as a settlement layer, even $100 BTC fees is orders of magnitude cheaper than physical gold settlement.
>>55561566
Yes, and? Not an argument. They don't control the network, the network (you, me everyone) controls the network. It's software, we can always hard fork in a needs must scenario.

[Anonymous No.55561761]

>>55561722
>They don't control the network, the network (you, me everyone) controls the network.
let's not pretend that Bitcoin mining isn't dominated by huge companies partially owned by the likes of BlackRock that run massive farms of miners. The average retard speculating on the price of Bitcoin does not secure the network on their laptop, it hasn't been that way since probably 2009.

[Anonymous No.55561787]

>>55561175
I also noticed how you weren't able to refute any of those...

[Anonymous No.55561795]

>>55560999
I don't see why you wouldn't use crypto if you're sending money abroad, it's so much quicker and cheaper

[Anonymous No.55561830]

>>55560999
Crypto has been used for gambling for a decade. That's how I first got into it, UIGEA fucked banks from letting me send money to offshore sportsbooks, and Nevada was the only place in America where you could bet in person.

[Anonymous No.55561917]

>>55560999
Are you aware that the market for basically everything that isn't essential for life is a speculative bubble and everything from stocks, real estate, precious metals, collectibles, etc. is way overvalued and people buy it for no other purchase than to gamble?

Crypto is no different than anything else. It serves a purpose, but the majority of people buying it buy it to speculate on it. Just like you get barely anything in return for paying $190 for an Apple share, people paying $2000 for ETH barely get anything in return. But the value is there because it still does something, even if the price is way out of line for what it actually does.

[Anonymous No.55562846]

>>55560999
gambling is crypto's only future
1uck and its clones should be on your radar

[Anonymous No.55563320]

>>55561761
Securing the network and controlling the network are different things, miners can't diverge from memetic consensus without losing support for that chain. We as an economy control which chain IS BTC

[Anonymous No.55563469]

>>55560999
Computers were around in the 60s, they didn’t become mainstream until the 2000s. Crypto will be mainstream by the 2050s, we just have to wait. We will make it when we are in our 60s

[Anonymous No.55563515]

>>55563469
>Crypto will be mainstream by the 2050

You think crypto wasnt mainstream enough in 2021 ??

[Anonymous No.55563527]

>>55563469
Agree with the general take, but I believe the timeline is far more compressed than that. We are in the Exponential Age now. Because of the internet, information and technological advancement move much more quickly now (memes, for example). Cryptoassets will be mainstream by 2030, that's my guess.

[Anonymous No.55563665]

>>55563527
>Cryptoassets will be mainstream by 2030

They are already mainstream RIGHT NOW
I mean I don't know what you're expecting here
Real world companies don't ''use'' crypto because at the end of the day cryptos are a solution looking for a problem (except BTC and XMR, the only 2 legits cryptos)

[Anonymous No.55563903]

>>55563665
Mainstream use as currency, obviously everything but BTC/XMR are shitcoins

[Anonymous No.55563971]

>>55563665
Your take is nigger NPC tier. Crypto is so much more then just anonymous peer to peer transaction. Crypto will enable the 4th industrialized revolution via smart contracts aka automation of data to perform tasks

[Anonymous No.55564006]

>>55563665
Look, if you ask 100 people Canada or the USA, 95% they will tell you they don't know anything about crypto, or they will that 'they are very smart' and that crypto is a scam.

Mainstream would be like 95% saying that they understand it and even use it sometimes, etc.