/biz/ - Business & Finance

[Anonymous No.57931769]

If we don't stop the bitcon, it will have disastrous results for the world.

[Anonymous No.57931785]

>>57931769
>ACKMAN

xD

[Anonymous No.57931801]

ever since fossil fuels became useful, it has been essential to use it all ASAP from a game theory standpoint.

bitcoin is helping us waste it all

[Anonymous No.57931835]

>>57931785
>ACKMAN

[Anonymous No.57931883]

>>57931769
It's plausible but
>energy prices skyrocket
In fiat
>the economy collapses
Read: fiat

[Anonymous No.57931885]

>>57931769
the ackman is... the bulltard version of /r/buttcoin personified. he sense his doom will be at the hands of bitcoin mooning, he just doesn't how it will happen yet

[Anonymous No.57931897]

>>57931769
why are midwits like this?

[Anonymous No.57931919]

Friendly reminder cost-push inflation was never seen until they closed the gold window

[Anonymous No.57931924]

>>57931769
Why are they like this?

[Anonymous No.57932001]

>>57931801
>>57931769
and yet it is a better system than farting out money and printing it. the lesser of the two evils is sadly bitcoin. bitcoin isn't succeeding because it's that great, it's succeeding because government monetary policy is that BAD, you see

[Anonymous No.57932003]

More like

>Dollar goes to infinity
>housing prices skyrocket
>economy collapses
>smart money takes refuge in Bitcoin
>Dollar forcefully discarded with Bitcoin as new gold standard
>Bitcoin stabilizes and begins deflation
>Banker Jews can't manipulate it
>Without baseless printed money it cuts out the funding for the military industrial complex
>Without the MIC the government collapses
>Businesses begin to replace what governments did but with proper incentives because they want Bitcoin
>A stateless entrepreneurial utopia rises and begins a new individualistic golden age oh human progress.

[Anonymous No.57932138]

>>57931769
I day similar things for the Jews, Mr. Ackman.

[Anonymous No.57932380]

>>57932003
Based free society enjoyer

[Anonymous No.57932405]

>>57931769
Bullish for XRP

[Anonymous No.57932489]

>>57931769
This idiot doesn’t know that Bitcoin is helping to put rapid capital into nuclear energy to rapidly accelerate the greenest energy on the planet. Moron

[Anonymous No.57933261]

kek what a midwit, he can see it right in front of him, yet retarded to understand
> energy prices skyrocket
> plebs consooms less energy, just as intended
win for the overlords

[Anonymous No.57933283]

>>57931769
more energy production = more advancement. bitcoin not only fuels chip development but grid and electricial net improvement and expansion. these retards are so dumb.

[Anonymous No.57933396]

these niggas not know that solid state batteries and geothermal advancements are here and work? fifty years from now our kids will look at how we generate power and wonder what crack we were smoking.

[Anonymous No.57933544]

>>57931769
what an absolute midwit take and even more surprising that nobody in the comments pointed this out
btc mining isnt some magic where you just plug in a box into a wall socket and suddenly corns start appearing equivalent to electricity consumed
the bottleneck is obviously computational power and here mining competes with several other sectors in demand on silicon with the biggest players even at times refusing to service miners regardless of cash bid to ensure their other clients dont get shafted
its a war for silicon, the power consumption is an after thought
and in this instance its all net beneficial as the massive money flow into the space allows for faster r&d and economies of scale that otherwise would not happen if corn mining didnt exist

tl;dr: jews lying again to fud out normies from profits

[Anonymous No.57934871]

>>57931897
I was going to say...isnt this guy supposed to be smart?

[Anonymous No.57935085]

He's a financial terrorist. Only retards believe anything he says. This post is basically just him saying he wants to buy low.

[Anonymous No.57935105]

>>57931919
But if a commodity gets more expensive resulting in products and services needing to be more expensive to reflect costs, how does the gold peg circumvent that.
>>57932489
How so?

[Anonymous No.57935127]

>>57931769
A scenario:

Halvings balance this exponentially, until (electricity price adjusted) BTC price rise can't keep up. Exponentially more and more miners stop mining because operating costs are higher than mining rewards. Because of the low USD adjusted hashrate Bitcoin suffers its first 51% attack and loses confidence. A hard fork war reminiscent of 2017 ensues.

Another scenario:

A major breakthrough in fusion energy or something else makes electricity near-free. ASIC hardware becomes the bottleneck instead of electricity. Because of the halvings, the scrap metal of an ASIC is worth the same as decades of mining rewards. An attacker starts buying ASICs at a premium to scheme an attack. Altruistic ASIC farms dedicated to Bitcoin's preservation are formed against this attacker. Bitcoin's survival chances are fairly high.

Another scenario:

Bitcoin solves its security budget problem either with stably high fees or with a hard fork and survives the unbreakable long term death spiral it's currently in.

[Anonymous No.57935140]

why is dollar decline a bad thing again?

[Anonymous No.57935154]

>>57931769
>US does nothing to improve energy infrastructure for decades
>energy company executives continue to line pockets with profits and government handouts
>in comes a new energy using asset
>infrastructure begins to reach capacity, supposedly
>bitcoin is causing a massive strain on our infrastructure!!!! we need to ban it!!
how in the fuck does anyone in the world believe these lies anymore?

[Anonymous No.57935155]

>>57931769
AHAHAHAHAHAHAHAHAH

[Anonymous No.57935159]

>>57932003
when are the jews genocided?

[Anonymous No.57936603]

>>57931769
That was our plan from the start kek these retards only now realize

[Anonymous No.57936634]

>>57931769
this man has the IQ to make billions
do you

[Anonymous No.57936795]

>>57931769
lmao what a fucking deceiving lying jewish cunt

[Anonymous No.57936818]

>>57936634
He was born rich.