/biz/ - Business & Finance

[Anonymous No.58867766]

she makes a good point but bitchuds will just ignore it and continue to bury their heads in the sand

[Anonymous No.58867774]

>>58867766
>leddit screenshot thread

[Anonymous No.58867780]

>>58867766
>stock shares
>limited supply
>limited

[Anonymous No.58867801]

>>58867766
Not selling my dude

[Anonymous No.58867803]

>>58867766
what a circlejerk post
can you send any of those things to anyone in a trustless manner? can you verify ownership, sell, or buy any of those at any time you want?

[Anonymous No.58867806]

>>58867803
>can you verify ownership, sell, or buy any of those at any time you want?
yes, are you retarded?

[Anonymous No.58867807]

>8867803

[Anonymous No.58867810]

>>58867780
Why tf is naked shorting never talked about? Also I read wall at firms can straight up no sell a short if they want, aka, refuse to buy.

[Anonymous No.58867814]

Crypto tards are mad that their intangible tokens are even less tangible than stonks.

[Anonymous No.58867824]

>>58867766
i am happy to hear this and that these companies will not sell additional debt

[Anonymous No.58867829]

>>58867806
ok send me a lambo in the next 10 minutes prick

[Anonymous No.58867830]

>58867810
>gog in id
>crypto supporter
Pottery

[Anonymous No.58867832]

once again I am tapping the sign

[Anonymous No.58867834]

>>58867829
>IoU 1 lamborghini
Pay up faggot

[Anonymous No.58867836]

>>58867832
ipfs://bafybeihzes6zmgzr5gesrbf7uzpq2nwpqo6ypcegmsp63rxe7mk5yk46am/

[Anonymous No.58867838]

>>58867834
thank you for proving my point. now go back

[Anonymous No.58867839]

>>58867832
>>58867836
Reddit is full of people that "did the right thing" their whole life. They turned in their homework on time, they went to bed at curfew, they ate their vegetables, and now that they're adults they put money into their 401k, get an annual physical, and follow all the social rules about what you're supposed to think and do. But they haven't been rewarded for it. The implicit agreement for "doing the right thing" is that you will be rewarded for it down the line, and people who don't do the right thing will be punished. And naturally this sort of compliance leads to very mediocre people. They aren't rich, they didn't get the girl, they aren't cool. When they see people succeeding by doing the opposite of what they sacrificed to do, it angers and confuses them. It's not right that we should make money on shit coins, when they are struggling to pay their college debt. It wasn't fair that PUA guys got pussy when theres a nice guy redditor waiting to hold the door and pay for dinner after youre done fucking her.

Getting rich off of crypto isn't supposed to be how it works. You're supposed to do your homework, go to a good college, get a good job, and slowly pay off all your debt and a 30 year mortgage so you can retire at 65. To them, we're cheating and we should be punished for it.

[Anonymous No.58867841]

>>58867832
>>58867836
>>58867839

Their strategy in life is compliance. Thats what they do in every aspect of life, look for authority and comply with authority. They believe if they comply hard enough, they'll be rewarded for it. So whenever anyone doesn't comply and they get rewarded for non compliance, it causes cognitive dissonance, envy, and anger.

Everyone has heard of the fight or flight reflex to danger. But not as many know there is a third strategy called "freeze". Rabits and other prey animals have an instinct to freeze when they are in danger in the hopes that by being very very still the predator will overlook them. Thats what redditors are, they're prey animals that freeze in the hopes that the hawk will take a different rabbit and leave them alone.

[Anonymous No.58867850]

>>58867832
okay so they are NPCs

[Anonymous No.58867853]

>>58867838
So what would you be sending as payment for a lamborghini? A digital file that can be double spent and rehypothecated... a credit/iou
Btw trying to send anything over 10k using crypto trips an error alarm and freezes your wallets

[Anonymous No.58867870]

Paid crypto advocates promise to make you rich if you buy their bags. The reality is that cryptocurrencies are propped up by the federal reserves digital money printing. Stocks are propped up too but at least theres a tangible business behind the ownership. Crypto is a ponzi scheme with expiring tokens and account lockouts that delete personal wealth.

[Anonymous No.58867875]

>>58867839
id argue they arent all rule followers. a lot of them couldnt handle the rules. stay off drugs, dont fuck random slags, dont waste your day watching cartoons. and now that they are failures for "rebelling" they seethe at people who recognize that maybe nancy Reagan was right and grass is bad for you.

[Anonymous No.58867885]

>>58867870
Stocks are backed by the performance of the company, which can go down. Bitcoin is backed by its unique properties of security and decentralisation, which are permanent. I don't get why it's so hard to understand that bitcoin isn't just a load of made up hype like reddit retards like to think.

[Anonymous No.58867886]

>>58867853
> that can be double spent and rehypothecated...
But they can’t. This is what makes Bitcoin valuable. You literally have to make up false qualities (see above) in order to pretend it doesn’t have value. You’re someone who’s been psyopped by elites to remain poor and on the fringes of society

[Anonymous No.58867903]

>describes credit
>muh decentralized security dude
Throwing out buzzwords that get btfo by pic related.
Stocks are also backed by the tangible assets, nice careful omission redditor. The value of bitcoin is entirely dependant on digital money printing to pump it, the demand is entirely artificial because of this.

[Anonymous No.58867923]

>>58867903
Bitcoin is better at being money than gold is. You can’t actually argue against that, so you just make up false claims about how bitcoin isn’t actually secure. People will be more successful in life when they base their decisions on what’s actually true, instead of what they wish were the case, as you’re doing. You like gold because it’s shiny and you can hold it in your hands but that doesn’t make it good money. Breaking into a vault full of gold is way cheaper and easier than attacking the bitcoin network.

[Anonymous No.58867928]

>paid crypto advocates deny double spending and rehypothecation of crypto currencies despite both of these being entirely legal according to the SEC
>paid crypto advocates cannot comprehend that crypto is a lame version of credit
>paid crypto advocates promise to make you rich (if you buy their bags)
>paid crypto advocates deny transactions limitations tripping error codes (because they have never spent that much)
>paid crypto advocates will keep showing up with 1pbtid's because each argument they try loses to logic

[Anonymous No.58867935]

>>58867928
>paid crypto advocates deny double spending and rehypothecation of crypto currencies despite both of these being entirely legal according to the SEC
You are utterly clueless when it comes to how technology works, lmao. Go ahead and keep screeching about this shit. Nobody listens because statements like this prove how little you actually know about the topic. Bitcoin will long term keep outperforming gold for as long as you live and there’s nothing you can do about it. It’s superior monetary technology.

[Anonymous No.58867937]

>mindbroken silvercuck back to spamming biz and pol with low quality garbage because he lost all his money paypigging for bayhorse
>>58867885
>>58867886
what's the difference between bitcoin miner consensus and shareholder consensus?

[Anonymous No.58867947]

>>58867937
Proof of work versus proof of stake. This argument has been hashed out before countless times and it’s why bitcoin is better than proof of stake coins. It’s more decentralized, secure, and harder to manipulate than proof of stake because it requires continuous ongoing energy consumption and access to hardware, and anyone can join the network by running their own miner, shareholders can’t just sit in their stake and collect free money

[Anonymous No.58867949]

>breaking into a vault is easier than attacking a network
Kek jidf is not sending their best
Meanwhile the nsa, who made the encryptions, has backdoor access to seed phrases and regularly shuts off users access to wallets.
>>58867853
Refer to this chart. Crypto is less accessible and less independent than precious metals, you do not need to ask permission via account logins/fragile tech to access silver. In fact crypto is more vulnerable to theft due to its digital nature, scams happen all the time. Also due to forkings, there is no limit to the number of bitcoins.

[Anonymous No.58867952]

>>58867766
Apple, Microsoft, Berkshire and literally any stock, can split their stock increasing the number of shares in the market.

Pontiac trans am, lambo, lego all of these are products that are reproducable.

Ounces of gold, there is more in outer space it would be more difficult to obtain, but for all intents and purposes gold has an infinite supply once we figure out how to mine asteroids.

Pixels on the million dollar home page, they could increase the resolution.

[Anonymous No.58867963]

Ooo computers bad and scary, crypto technology bad because scary and new, computers behave in mysterious ways you know! Something something cyber attacks and backdoors. This stuff is too scary for me man, let’s just pretend technology doesn’t exist and avoid it as much as possible as it continues to develop around us. That’s how we’ll stay ahead of the curve.

[Anonymous No.58867964]

>>58867807
@ubKO/3Xf

[Anonymous No.58867965]

>>58867766
She makes one good point, there's 100,000,000 Sats in a BTC. 2,100,000,000,000,000 or 2.1 quadrillion actual bitcoins.
And there's 150 billion doge..
One Doge costs more than 1 sat..
Uhhhh, buttcoiners???

[Anonymous No.58867967]

>>58867947
so there's no difference, and you still insist there is a magical quality to hash generation that makes bitcoin not the product of democratic consensus. oh well

[Anonymous No.58867970]

>>58867832
>>58867839
>The PUA guys got pussy
i agree with the post but then he says this line and it makes me question everything lmao

[Anonymous No.58867974]

>>58867903
Post related btfos the crypto bro
>muh consensus dude its safe as long as.... as long as... [conditional statement]
>dude you dont understand, you have to buy my bags if you want to be rich

[Anonymous No.58867991]

>>58867965
1 satoshi is worth 1/1000000 of a bitcoin. see why you're retarded? just stay out of the conversation if you don't get it.

[Anonymous No.58867994]

>>58867949
>A digital file that can be double spent
lmao, not really
>Btw trying to send anything over 10k using crypto trips an error alarm and freezes your wallets
pure fantasy and it has ben done multiple times lmao, there are proofs on the blockchain
>Meanwhile the nsa, who made the encryptions, has backdoor access to seed phrases
lmao what the fuck are you talking about, how do you put a backdoor in open source code
you don't know anything about this, shut the fuck up schizo

[Anonymous No.58867995]

>>58867829
you can buy/sell stocks you enormous faggot and buy your own goddamn lambo

[Anonymous No.58867996]

>>58867991
sorry, 1/100000000, not 1/1000000

[Anonymous No.58868020]

>>58867996
Ya goofus, tried to correct me before checking yourself. Fukkin goober, absolute dingus.

If one BTC can be broken into 100m individual parts, then the actual supply is 100m*BTC supply. Meaning there's actually 2.1T "coins".

Stay off the internet if you're ESL

[Anonymous No.58868023]

The exchanges are brokers, moving crypto around any wallets allows them to rehypothecate the funds as the administratorof the ledgers, all legal. Brokers products and services include but are not limited to offlline wallet hardware. Your coins are not yours, your keys are not yours.
The shear number of rabid 1pbtid's coming from the same person is enough to show the artificial demand behind bitcoin.
>shill claims theres proof on the blockchain for large transactions, a strawman to the fact that there are errors tripped when trying to move amounts over 10k, something he has never done himself.
>buy my bags... or else your a schizo dude please just buy my bags
No thanks, also never reply to 1pbtid's

[Anonymous No.58868027]

>jus trust da parasitic oligarchs, goy!
Women were a mistake. Literally none of those are fixed in supply, and only gold is low trust (and only low trust in physical form) with the rest being wholly trust based. What a dumbfuck

[Anonymous No.58868039]

Stock shares aren't any more scare than fiat. The company can issue more for equity at any time. There is no actual physical / mathematical limitation. Investing in a really good company is obviously better than a currency, unless the currency is gaining a lot of adoption, but it requires a massive amount of trust in the company to perform. Its a totally different type of asset. The point of a decentralized currency like bitcoin or gold is that no trust is required. If you're comparing stocks to decentralized currencies you really have no clue what you're talking about. Its like comparing boats to cars or something.

Collectables are obviously scarce, but they have obvious limitations for use as a currency like durability, frangibility, portability, divisibility, etc. This is basis shit you would know after even doing 5 minutes of real research into money.

The only thing listed that is even remotely close to a good money is gold. But even gold as more inflation from new gold mined than bitcoin, and its harder to verify and transmit gold over long distances, its harder to safely store it. Again, basic shit you could find in about 5 minutes of real research.

[Anonymous No.58868050]

Btc forks render it abundant and not scarce, 21 million more each time, then depositors end up with worthless token pairs.
Crypto is an iou for digital dollars which are backed by paper dollars in the bank, its digital fiat.

[Anonymous No.58868096]

>>58868027
> Women were a mistake
kek
The world is learning this at accelerated tempo these days.

[Anonymous No.58868137]

>>58868023
just don't use exchanges then, you can keep your crypto on a local wallet

[Anonymous No.58868174]

>>58867766
>Apple, Microsoft, Berkshire Hathaway, & other stocks
Controlled by a central party, can be forged
>Pontiac Trans Ams & Lambo Diablos
Not divisible, durable, or portable
>Gold
Not portable, harder to verify, higher supply inflation
>Pixels on million dollar homepage
Controlled by a central party, not divisible, insecure
>Lego Taj Mahal
>Controlled by a central party, supply can be increased, not divisible, insecure/easy to conterfeit

[Anonymous No.58868216]

>>58867970
Kekekekekeke

[Anonymous No.58868302]

>>58867970
The pasta was probably written by a redditor who had a moment of clarity/was seething over tards like tate

[Anonymous No.58868406]

>>58867967
PoS grants permanent control from ownership, PoW requires (huge) ongoing resources inputs to maintain control. You are dull

[Anonymous No.58868558]

>never spend your crypto to avoid being scammed when you spend it
>yeah dude its totally easy to replicate legos
>asteroid mining
>vehicles not portable (kek)
>stock fraud
>dude this code proves that its worth digital dollars i swear
So many 1pbtid's its hilarious at this point.

[Anonymous No.58868595]

>>58867995
the stock market closes retard

[Anonymous No.58868667]

>bro the stock markets closed on the weekends, please accept my tokens you could be a millionaire, you j-just don't understand!
The state of paid crypto advocates and their bag shilling.

[Anonymous No.58869369]

>>58867810
>wall st can straight up counterfeit stock if they use enough tricks
kek

[Anonymous No.58869386]

>>58867803
Yes. It’s not a secret that Bitcoin is a scam. The hope is that you can unload it on some greater fool down the line. It’s really not any different than Beanie Babies.

[Anonymous No.58869529]

>>58867766
where is her good point? all i see is a bunch of cope

[Anonymous No.58869535]

>>58867766
>Special edition LEGO Taj Mahal
kek that sub is full of pajeets, as it seems.

[Anonymous No.58869542]

>>58867841
There's 4 responses, fight, flight, freeze and fawn. Fawn being submission basically, Reddit is more fawn then freeze.

[Anonymous No.58869570]

>>58869369
This is a fact and has been going on for decades with the knowledge of the dtcc and SEC an example being Madoff and a more recent example being GME where official SEC documents state that GME was short 120% of the float

[Anonymous No.58869575]

>>58867967
The post explained exactly what the practical difference is between the two you driveling retard

[Anonymous No.58869583]

>>58868023
>The exchanges are brokers, moving crypto around any wallets allows them to rehypothecate the funds as the administratorof the ledgers
Just withdraw your funds to your own wallet, dumbass. Everybody knows that coins held on an exchange aren't actually yours. You're retarded because you try to extend this argument to all coins in existence, even those which are fully in self-custody
>all legal. Brokers products and services include but are not limited to offlline wallet hardware.
You can make your own hardware wallet if you're a paranoid faggot who thinks he's going to be epic h4xx0red by the NSA if he uses Trezor.
>The shear number of rabid 1pbtid's coming from the same person is enough to show the artificial demand behind bitcoin.
I know for a fact that there's at least two people calling you out for your retardation ITT because I see posts that are not mine. But people like you just make up reality to fit whatever you want to believe. You don't want to believe that more than one person would disagree with you, so you just fantasize until it becomes not true in your own mind. Lmao

[Anonymous No.58869586]

>>58867832
You're not getting rich off crypto, chud.

[Anonymous No.58869599]

>>58867810
They can also do stock splits.

[Anonymous No.58869604]

there are 41 million trans ams? that must be the entire production run and not a singular generation

[Anonymous No.58869611]

>Self custody, offline wallets, airgapped. All literal buzzwords, private wallets are often blacklisted rendering the wealth deleted, vanished. Paid advocates that use multiple devices astroturf crypto.

[Anonymous No.58869617]

>>58867949
>Also due to forkings, there is no limit to the number of bitcoins.
Imagine conflating the supply of the original chain with the ability to git clone the repo. Silvercuck boomers are embarassing

[Anonymous No.58869625]

>btc forks (several times)
>coins no longer valid on the blockchain
Many such cases. There is more work going into covering up these facts than there is network production. Crypto relies on the censorship of its failures and vulnerabilities in order to continue the ponzi of digital dollar laundering

[Anonymous No.58869646]

Check mate, Bitcoin.

[Anonymous No.58869771]

>>58867965
>Mon & Pop Store shares are worth $200 and Apple shares are $100, therefore Apple is worth less

[Anonymous No.58869812]

>>58867766
midwittery is a prison these loser faggots will never ever escape

[Anonymous No.58869976]

>>58867766
>Centralized authority can create more
>Centralized authority can create more
>Centralized authority can create more
>Centralized authority can create more
>41M > 21M also can't transport in my head
>Can't transport in my head
>Can dig more up, unverifiable reserves
>Huh?
>Can't carry in my head

Sometimes I really wonder just how many people get paid to shit on BTC or if it's like some sort of retard test. The only solid argument I've ever seen out of that sub is that Tether mints new TUSD to buy BTC with. Which, while bad, isn't any intrinsic flaw with BTC itself.

[Anonymous No.58870025]

>>58867766
Is Reddit OP retarded? Stocks can have infinite dilution if the board members decide so.

[Anonymous No.58870050]

>>58869976
>A centralized authority (51% attack) can create coins more by altering the code of the coin
Whoops bittards

[Anonymous No.58870083]

>>58868595
so fucking what? whats so fucking urgent you cant wait 8 hours you literal nobody lmao

[Anonymous No.58870135]

>>58870050
51% attack allows an indian give, it does not allow arbitrary manipulation of the chain nor of the protocol, significant changes would require more than 51% of hashrate and majority node support and would could a fork (that would win out) if the changes aren't desirable. Weak fud

[Anonymous No.58870149]

>>58867780
>Bitcoin Devs get bored
>Force fork with 100 billion Bitcoins
>Your 0.001 BTC goes from $100 to below 1c

[Anonymous No.58870151]

>>58867829
Send me some Bitcoin in 10 minutes. Oh wait it takes half an hour to confirm if it even decides to

[Anonymous No.58870153]

>>58869976
and they are shilling RWAs with low float/high FDV, i would never touch a fucking VC protocol token
suck my fucking femboy cock, poojets

[Anonymous No.58870362]

>>58870149
They'd probably end up like that webm of that naked tranny who is getting eaten alive by a pibble from its axe wound up, with 2 guys standing on its limbs so it can't escape.

[Anonymous No.58870495]

>>58867766
These people deserve to be poor for thinking like this.

[Anonymous No.58871000]

>you deserve to be poor for not buying my bags
>I'll pay gangsters with dogs btc to eat you if you make btc worthless
>they'd have to control more than half the nodes to be able to scam people, they definitely wouldn't do that to multi-spend the tokens!!
The amount of cope. Crypto is reddit tier midwits pretending to be smart while being fooled by hand rubbing computer shylocks.

[Anonymous No.58871930]

>>58867839
Redditors cannot handle people criticizing their lack of intelligence, so they hang out at a place where they can say dumb shit like "buy treasury bills!" and get praised for their midwit opinions.

[Anonymous No.58871969]

>>58867766

>Knows nothing about the stock market if they thinks it's impossible to manipulate the supply of a company's shares
>Cars depreciate in value fuckin exponentially so this is as apples to oranges as apples and oranges can be
>Gold that is not available to the market is a fixed supply???????? what the fuck. Sure there's a limited supply of all the heavy metals on Earth. That's exactly why gold was such a good backing to the printed money, but then we switched to fiat and can't switch back, which is the whole point of bitcoin in the first place.

What is the purpose of this stupid ass post? Like I'm supposed to just assume they're making some sort of obvious implied argument as to why bitcoin is not a good wealth vehicle?

The poster has given 0 analysis. The poster wouldn't be able to make explicit whatever argument they think is baked in to this post.

I'm impressed they can think of so many other things that are also in fixed supply.

Planets are in fixed supply too as long as NASA keeps their greasy noses out of it, but just because they're bad vehicles for wealth, then bitcoin is a bad vehicle of wealth?

[Anonymous No.58871976]

>>58867766
Classic car's require storage, maintenance, and in some areas property taxed. Worst investment ever.

[Anonymous No.58872515]

>>58870149
Devs don't control the network, dumbfuck. A fork is a new network, it doesn't effect the OG network in any form

[Anonymous No.58872522]

>>58867766
I am pissed i didnt buy a purple diablo when they were sort of cheap

[Anonymous No.58872531]

>>58872515
>Update software to make miners neck
>Only allow miners that mine the new network with 100 billion Bitcoins to work
>Give centralised exchanges money to only support the new fork
>Thank the goyim for the free money

[Anonymous No.58872891]

>>58870153
There are exactly 2 cryptocurrencies worth owning for this reason. I'll let you guess which they are. And no, it's not fucking Doge.

[Anonymous No.58872919]

>>58870149
>implying they can do that
>implying fucking with the money of anonyous billonaires isn't a guaranteed death sentence

[Anonymous No.58872950]

>>58869386
As I was reading the screenshot, I was wondering how they could have forgotten to mention beanie babies.
Fortunately, one brave anon was up to the task of putting the final stake in Bitcoin's coffin.
Thank you for your service.

[Anonymous No.58874485]

>>58872531
>Give centralised exchanges money to only support the new fork
You'd have to buy out all exchanges as a 100b BTC fork would be worthless, if you bought out all current exchanges, new exchanges would open servicing the OG network. The world is bottom up, not top down little slavemind.

[Anonymous No.58874491]

>>58872531
>>Only allow miners that mine the new network with 100 billion Bitcoins to work
Also not possible. Again, a fork is a new network, devs can't force changes to the software