1 BTC != 1 BTC

[Anonymous No.6655536]

1 BTC != 1 BTC

Some butters state, and others state satirically, that 1 BTC = 1 BTC.

With the US dollar, 1 dollar today equals 1 dollar tomorrow and 1 dollar 10 years from now. 1 dollar always equals 1 dollar. If I have 1 dollar, I can give it to someone else, and they get 1 dollar. So, when it comes to US dollars, we can state:

1 USD = 1 USD

Is the same true for bitcoin? No, because there are transaction fees. I can't give you 1 BTC right now without paying a transaction fee. So, my 1 BTC is worth less than 1 BTC.

In fact, if the transaction fee rises to 1 BTC in a year, then my 1 BTC becomes entirely worthless at that point. Formally, this means:

1 BTC = (1 BTC - FEE), if (1 BTC > FEE): 0, otherwise

where FEE is the transaction fee. Or, more simply:

1 BTC != 1 BTC

[Anonymous No.6655919]

Enjoy the quantitative easing

[Anonymous No.6655988]

>>6655536
my money goes down. my satoshi goes up.

[Anonymous No.6656027]

The same could be said of taxes.

[Anonymous No.6656044]

>>6655536
USD has fees too retard. It's called inflation.

[Anonymous No.6656083]

>>6655536
>1 dollar today equals 1 dollar tomorrow and 1 dollar 10 years from now
>this is what the goyim actually believe

[Anonymous No.6656352]

>>6656044
inflation is the increase in prices in products you fucking moron. if products increase in price they are also more expensive for bitcoin

[Anonymous No.6656440]

>>6656352

[Anonymous No.6656514]

>>6656352
Jesus Christ you people are dumb.

[Anonymous No.6656611]

>>6656514
>can't make argument
>ad hominem
stop embarrassing yourself brainlet, you obviously didn't even know what inflation is

[Anonymous No.6656726]

Fiat is always a bad investment.
On the other hand crypto is unknown, though some are better than others in practicality.

[Anonymous No.6656779]

you can lose 1 USD in a fire. My BTC are safe in my wallet in the cloud.

sit the fuck down.

[Anonymous No.6656801]

>>6655536
fuck
big if true

[Anonymous No.6656825]

>>6655536
You can't give me 1USD without paying a fee to the banks for a transfer. If you decide to give me a 1USD bill then I can give you a hardware wallet with 1BTC in it.

Thus if 1USD = 1USD then 1BTC = 1BTC

[Anonymous No.6656831]

>>6656726
thats because fiat is a currency not an investment you fucking moron. a currency is supposed to be a store of value not an investment

[Anonymous No.6656839]

>>6656779
>safe... in the cloud

[Anonymous No.6656889]

>>6656831
The fuck is your problem autismo?
My post was clear enough, no need to throw a fit.

[Anonymous No.6656986]

>>6656839
your a idiot

[Anonymous No.6657533]

>>6656825
>be yuropoor
>have internet bank account
>pay 0eur/month
>5 ATM withdrawals free
>paying by card free
>sending money within EU free
you seriously have to pay for sending money?

[Anonymous No.6657676]

>>6657533
Are you fucking stupid or something?

If you use VISA or whatever the fuck card you have you're paying a 3% fee of anything you buy to VISA, the same happens with the shop that takes your payment, they have to pay 3% fees for sending the money to the workers etc. This is a hidden fee that is never shown, but is always there.

[Anonymous No.6657726]

>>6657676
We don't really use credit cards to shop in Europe.

[Anonymous No.6657826]

>>6657676
>buy groceries
>pay by cash $20
>pay by card same $20
i'm not sure i follow. are you saying that it doesn't matter what payment option you use, you still pay 3% hidden fee? :)

[Anonymous No.6657835]

>>6657676
>If you use VISA or whatever the fuck card you have the seller is paying a 3% fee
things don't cost a different amount if i use my debit card or cash

[Anonymous No.6657898]

The fee is priced in.
Every time you make a transaction, you make bitcoin more valuable because value=utility=transaction.

[Anonymous No.6657908]

>>6657726
debit cards as well, anon. I am european btw

[Anonymous No.6657943]

>>6657908
I don't know what shit bank you're at but there's no fee on debit card payments for me.

[Anonymous No.6657966]

>>6657826
The price is embedded into the prices of the goods. It's precalculated so the shop can pay the 3% fee straight without losing anything

[Anonymous No.6658022]

>>6657908
>>6657908
reply to >>6657826 please

i think you're just a good goy being HEBREW'D hard. there is no difference in prizes. all the costs of VISA transactions are on sellers shoulders here

[Anonymous No.6658038]

>>6657943
It's not the bank you mongoloid, can you read? It's VISA and all the other card companies, how do you think they make their money?

[Anonymous No.6658075]

>>6657966
so everybody paying cash is being 3% overcharged?
thank god for e-shops and competition!

[Anonymous No.6658085]

>>6657943
the original guy was a retard. the seller pays a fee each transaction to use visa/mastercard whatever. i'm not an expert but i thought it was a flat fee and not even a percentage like the other anon was saying.

[Anonymous No.6658148]

>>6655536
Your argument doesnt make sense, sending money electronically costs money regardless weather crypto or fiat, if you printed 1btc on a paper wallet and gave to someone it would still be 1btc,

[Anonymous No.6658178]

>>6658038
Banks do require payment for their service at the seller end.
But that still doesn't mean I pay a fee.
I don't pay a fee on
-transfers
-withdrawals
-payments
Banks make their money by playing with yours and offering insurance services.
I don't pay for anything on my account and I get a very meager yearly interest.

[Anonymous No.6658262]

>>6656352
You're right. The cost of apples and oranges is really high these days. I think like 24 apples from today are about worth the value of NY state in the 1600s right?