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/biz/ - Business & Finance

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58176850 No.58176850 [Reply] [Original]

>the value of the coin fluctuates based on its demand
>ok but what is the value proposition behind this coin?
>the value comes from having the coin, dumbass!
>ok but what does it do that more functional currency doesn't?
>nothing, stop asking questions!!!
>so you're admitting to buying a false security with zero utility other than to make someone else rich?
>NOOOOOO STOP, LET ME LIVE IN MY MILLIONAIRE GAMBLING FANTASY REEEEEEEEEEEEEEE

>> No.58176879

i have more money than you, dad

>> No.58176960
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58176960

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. A Store of Value 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 SoV, there are no brakes on this train.

>> No.58176973

>>58176850
now do the same but with stocks

>> No.58176976

>>58176850
it doesn't matter though. If it pumps, it pumps.

>> No.58177042

>>58176850
it doesn't matter though. If it pumps, it dumps.

>> No.58177062

>>58176976
>>58177042
so, literally a Ponzi scheme?

>> No.58177098

>>58177062
what isnt?

>> No.58177181
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58177181

obviously shitcoiners can't understand what utility means