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58154388 No.58154388 [Reply] [Original]

>> No.58154425

I have yet to see a memecoiner come up with coherent arguments in response to someone calling memecoins a scam. It's always just
>have fun staying poor
>you don't understand the tech
It's basically a cult at this point. The sooner it dies the better.

>> No.58154444

I have yet to see a bitcoiner come up with coherent arguments in response to someone calling bitcoin a scam. It's always just
>have fun staying poor
>you don't understand the tech
It's basically a cult at this point. The sooner it dies the better.

>> No.58154454

I have yet to see a bitcoiner come up with coherent arguments in response to someone calling bitcoin a scam. It's always just
>have fun staying poor
>you don't understand the tech
It's basically a cult at this point. The sooner it dies the better.

>> No.58154473

>>58154444
>_>

>> No.58154478

>>58154388
It's kind of true tho.
It won't go to zero because permissionless payments are useful (although XMR does that better).
But the bulk of the value is just speculation.

>> No.58155979
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58155979

>>58154454
You see in this world there's two kinds of people, my friend. Those with btc and those who seethe. You seethe.

>> No.58156131
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58156131

>>58154444
Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV.

SoV stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

>> No.58156140

>>58154478
BTC is more valuable than XMR because it's waaaayy more widely accepted and adopted. Every single crypto-related service and exchange accepts bitcoin, without fail. And for most people, Bitcoin is the first crypto they ever use and become familiar with.
It doesn't matter if Monero has better tech if it's only supported by DNMs and 3rd world exchanges.
In other words, value comes from network effects. It's why Twitter is still the most valuable microblogging platform by a gigantic margin, despite the existence of so many "better" alternatives.

>> No.58156198

>>58154478
Fiat is a better currency than gold or apple stock or houses, has that helped fiat's value? Median of Exchange and Store of Value are different economic functions, you conflate them only because we used a SoV as MoE historically

>> No.58156817

>>58156131
What's "SoV"?

>> No.58156860

>>58154388
>muh real life uses of gold
Funny how they always bring it up. As if gold wouldn't be priced at 10% of its current value if it lost the memetic value and was reduced to nothing but its "intrinsic value".

>> No.58157098

>>58155979
none of these "points" matter because bitcoin is fundamentally RACIST and you really have no come back for that one, chud

>> No.58157126

>>58154388

You guys are laughing but no-coiner cope is a serious and devastating illness with no cure, it makes people suffer a lot. Every second of their waking day, they are troubled by that background noise of missing gains

It is a living nightmare to suffer this condition. It´s no joke

>> No.58157147

>>58156817
He defined it in the first sentence

>> No.58157162

>>58154388
Any time /pol/ starts shilling BTC it's a good indicator to sell. Likewise, when they start mocking price it's a good time to buy.
Genuinely the dumbest group of mongoloids on this entire website.

>> No.58157175

>>58157098
>civilizations go on hyper productive streak while embracing racism
>btc is RACIST
bullish

>> No.58157209

>>58156817
Son of Vishnu

>> No.58157365

>>58156860
It takes a lot of energy to mine gold. So gold is a way to store the value of energy.

>> No.58158589

>>58157209
Ah! Thanks anon! That makes a ton more sense.

>>58157147 If you don't know, you can just say "I don't know."

>> No.58158622

>>58154388
Holy fuck what a midwit. Why is the us dollar more valuable than btc or gold? Because that's what his job pays and that's what he has in his bank account by default so he reflexively defends his bags? Yeah...

>> No.58158623

Metcalfes law

>> No.58158639

>>58154388
and where is the lie?

>> No.58158740

>>58154388
The only thing that would kill btc is if the feds decided to ban futures and derivitives in general.
Its all air at this point anon, everything is priced in so we buy the ath hoping someone else will buy that. And it keeps happening because what the fuck else can we do to make money?

>> No.58158889

>>58157126
There is a cure. It is called accepting the new normal. Crypto is here to stay cunts, and btc is the gold of it.

>> No.58159196

>>58158589
Touche. Quality bait
>>58158740
>ban futures and derivatives just to flip the table and maintain power
Don't think they aren't thinking about it

>> No.58159229

>>58154425
of course its a scam, you fucking retard. everyone knows that. its a scam thats making me rich

>> No.58159305

>>58154388
None of the morons that keep claiming crypto will go to zero understand Gresham Law and the simple fact that worse and worse shit will be used as money as time progresses. Low iq niggers

>> No.58159324

>>58154425
You’re one of the low iq niggers I’m referring to. Congratulations

>> No.58159351

>>58154478
its worth less than BCH which is a fact because its total shit and at least BCH does everything buttcoin does but better although XMR is obviously the best because its private

>> No.58159386

>>58159229
Bing
And this is also exactly the same thing the first (((hook nosed child molester))) that printed paper money receipts for gold deposits said.
bad money chases our good money - Gresham’s law.
It’s simple economics and it’s as old as fiat currency

>> No.58159760

>>58154388
>graph starts out as a slightly pessimistic version of what is very likely to actually happen
>then it gets a little weird
>then bitfuck goes to zero because that anon is sidelined and coping
So close and yet so far

>> No.58159838

>>58154388
>Gold has value because it's physical
>Bitcoin does not have value because it's not physical
That is literally the no-coiners argument. I wonder when they're predicting the demise of every software company and network.