/biz/ - Business & Finance

[Anonymous No.7188010]

>Antshares, Ardor, Augur, Bytecoin, Civic,
>Cloak, Dash, Digibyte, Dogecoin,

>EtherumClassic, Factom, FUN, Golem,
>humaniq, lisk, Litecoin, Monero, NEM, Nxt,

>Maidsafecoin, Peercoin, Populous, Ripple,
>Skincoin , Siacoin, Steem, Stellar, Stratis,

>Tezos, Waves, Zcash

What do you notice about all these names? That they're fucking stupid and imbecilic? Actually, these are all names of internet number-generating programs purporting to be """""money""""". How the fuck can it be money? Intangibles always need to be backed by reserves of some sort, whether it is cash in the bank or shiny gold bars. I understand that bitcoin has a finite amount of possible bitcoins that can be generated, but Bitcoin has no actual benefit in terms of functionality over any of the other cunting coins. Bitcoin is THEREFORE another fiat currency, bitcoin is a FUNGIBLE commodity with other coins. With the press of a couple keys, you create a new coin with the exact same blockchain backing it as a bitcoin. What makes a Bitcoin more valuable than a Litecoin or a doge coin? Well it was here before litecoin, and dogecoin has a ridiculous name! That brings to me back to an age-old question, would a Bitcoin by any other name have been adopted so readily? If bitcoin was douchecoin it never would have been viable, even if it was the same blockchain code. Bitcoin sounds cool, it sounds like something you could imagine Neo from the Matrix saying. Fuck

tl;dr you bought into a ponzi scheme of internet money.

Those people who became millionaires from BTC and ETH? It's coming from your pockets, there's nowhere else the money could have come from.

[Anonymous No.7188071]

Wow great observation

[Anonymous No.7188077]

b..but muh proof of work

[Anonymous No.7188181]

>>7188071
Apparently retards on this board think they are alchemists and can create value from nothing.

"None of us ever have to work again! We all invested in shitcoins!"

This board is literally the most brainlet board on 4chan right now. I can't wait until this crypto shit is dead so we can talk about real investing. Dividend yields, P/E ratios, that sort of thing instead of just constant "MOON SOON, OTHER PEOPLE ARE BUYING INTO THE PONZI AND I WAS EARLIER SO IM RICH BITCH"

[Anonymous No.7188249]

>>7188010

[Anonymous No.7188291]

>>7188181

>so we can talk about real investing