Why is BTC worth $30k?

[Anonymous No.55742914]

What does it *actually* do to deserve that?

- expensive to use
- slow AND low throughput
- Lightning still hasn't proven itself outside test environments after EIGHT years
- no programmability
- L2 lose traceability of L1 (so what's the point of having a blockchain to begin with?)

[Anonymous No.55742940]

>>55742914
>What does it *actually* do to deserve that?
Doing the opposite of what fiat does.

Cope and seethe and kvetch, Cohen.

[Anonymous No.55742976]

>>55742914
It's not worth 30k. If you want to prove me wrong, buy my bitcoin for 30k

[Anonymous No.55743082]

>>55742940
Why is 1kg worth $60K? It's hard to move without fees, slow, doesn't do much besides collect dust.

[Anonymous No.55743092]

>>55743082
>1kg of gold****
Meant for OP. Sorry I have long covid brain fog

[Anonymous No.55743098]

>>55742914

jewish bot trying to scare goyim out of being rich. blackrock etf will send Bitcoin past 100k this year.

[Anonymous No.55743158]

>>55742940
based usdsat poster
disregard fiat, acquire sats

[Anonymous No.55743166]

oh are we asking retarded questions?

>why is a house that originaly sold for $40k now worth $800k?
>what does it *actually* do to deserve that?

[Anonymous No.55743226]

>>55742914
Basic Economics anon.

[Anonymous No.55743244]

It solves Money, you think it expensive and slow because you're comparing it to fiat L2/3, compare it to gold

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.

Social spending acts as a supply-side subsidy for labor, a worker CAN'T sell their labor for less than subsistence, 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? 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), a HUGE and on going parasitic transfer of resources from income earners to oligarchs, THIS is the driving force of the wage/productivity divergence seen since the 60s.

Notice that this also suppresses incomes of higher paid workers by convincing them the nominal gains on house value is wealth instead of inflation, why boomer dominated fields (mechanical engineers etc) get paid so poorly, $60k seems like a lot if you bought 30 or 40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the mantle.

Even illegal immigration, seen as a driver of wage stagnation, is merely a justification for further debasement, or do you think the goblins come here for our magic clay and not our social welfare spending?

There are no political solutions, and not in the poltard "violence is the answer" as violence is of course wholly political, there are no political solutions because politics is a memetic parasite that never fixes anything. There are only technical and economic solutions, and BTC is just that, a technical fix for the political corruption of Money.

[Anonymous No.55743438]

>>55743166
Inflation, but it actually also does something as you can use the house and also the land.
>>55743244
>Hard money
BTC devs change it regularly, how can be hard?
- segwit
- taproot
- replace by fee
- whatever they cook up next

[Anonymous No.55743513]

Because ordinals so yummy
Strong blockchain
Strong blockchain
Gang gang gang gang

[Anonymous No.55745571]

>>55743438
>miners pull gold from the ground, how can it be hard money?!
you're retarded. BTC devs can't arbitrarily charge BTC. You fail to see the systemic economic value of hard money, which is why you aren't a maxi, but that will change, everyone is a maxi in the limit

[Anonymous No.55745603]

>meanwhile, in the world of altcoins

[Anonymous No.55747638]

>>55742914
it's the backbone of the new financial system to replace the collapsing fiat one

[Anonymous No.55747650]

>>55742914
Value is subjective. It might me worthless to you and that's perfectly acceptable.

[Anonymous No.55747651]

>>55742914

Supply/Demand

[Anonymous No.55747664]

>>55742914
It uses electricity

[Anonymous No.55747832]

>>55745571
based six-pointed star poster

>>55743082
is 10 oz of gold and 2 BTC enough to make it in 2030-2040? i think yes but will continue to stack both

[Anonymous No.55749576]

>>55747664
so does everything you'd buy with any other form of money

[Anonymous No.55749605]

>>55742914
it sucks shit bch was the solution but the plebs didn't understand the difference
monero is better than both anyway

[Anonymous No.55750190]

>>55749605
>the solution was a hostile minority-lead takeover by miners and echanges
all altmaxis are the same

[Anonymous No.55750298]

>>55745571
Gold miners do not change the properties of Gold.

BTC has changed properties via the examples I mentioned, especially SegWit adjusted how a Bitcoin is defined.

I suppose that means you're retarded.

[Anonymous No.55750302]

>>55742914
because retarded boomers went off the gold standard in the 70s and now we live in the most jewish timeline possibly

[Anonymous No.55750341]

>>55750298
>SegWit adjusted how a Bitcoin is defined
>I suppose that means you're retarded
kek
if you don't understand it, don't worry about it, you're too late for any of this.

[Anonymous No.55751340]

>>55750298
The ability to change the protocol is a feature not a bug, hard versus soft money is about whether or not the supply can be arbitrarily increased

[Anonymous No.55751656]

>>55751340
Then gold and Bitcoin are both soft money, as miners increase the supply all the time

[Anonymous No.55753139]

>>55751656
BTC is essentially as if Gold were to turn to Silver occasionally to Platin but the supply stays fixed at 21m.

[Anonymous No.55753210]

>>55742940
There are many coins with the same or better deflationary tokenomics.