/biz/ - BTC was a history lesson

Your shiny yellow metal is better because we all accept it to be?

>>1742372
buy doge and maybe short pnd

>>1742372
centralized blockchain is the future

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>>1742385
....turn lead into Bitcoin.....no that's not it

By the way today's Bitcoin message is sponsored by shiny yellow plated contacts.

Stay blue and sleep well in scam town.

>>1742372
ok then what do you invest in?

Bitcoin is superior to nationalised money and will slowly replace physical fiat
- No physical burden means it can't be seized by governments or stolen by criminals
- After Mt. Gox, all Bitcoin reserves are 100%. Fractional reserve banking is no longer feasible
- Bitcoin is so decentralised that it's impossible to destroy it without hunting down every computer and smartphone that has a node
- Bitcoin is a completely private currency, immediately making it superior to a strangulated government currency
- Open source means Bitcoin is constantly improving its security and efficiency

>>1742414
yea what does OP >>1742372
invest in? he's so redpilled

>>1742414
>ok then what do you invest in?
People first.

Never bluepill yourself and idolize a meme.

Its bad for your health.

>>1742915
Go back to /pol/ with your pills

>>1742372
The only coin that will make you richer is Iconomi coin.

>>1742484
>Bitcoin is a completely private currency

Don't give advice if you don't know the truth!

Bitcoin is not completely private... infact its pretty simple recently to trace transactions to wallets and succinctly locate the owners of said wallets... Monero is currently the top dog in terms of completely private Cryptocurrency!

>>1742372
Lmfao at this dumb nigger

Weren't you the one preaching about (((blue monday))) and btc crashing? Funny how it's @ $900 now

Fuck of cuck

>>1743065
I mean private as in privatised. But privacy will continue to increase because it's open source and technology is always improving

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>>1743076
>at $900
>900
>Dollars
???

>>1742385
gold is actually useful.

muh blockchains arent.

bitcoin isn't even the best cryptocurrency candidate to replace fiat, why does no one know that?

You guys ever hear the myth of King Midas? Everything he touched turned into Bitcoin.

>>1743693
>Gold
>Useful

Maybe if youre a high-end electronics manufacterer, otherwise its just shiny

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>>1742399

>>1743065
>Monero is currently the top dog in terms of completely private Cryptocurrency!
No Monero is not private at all.

Just ask for Poloniex's transaction histories.

All Blockchain is for tracking the dreamers and schemers.

>>1743724
Because they are invested in it.

Classic ("i don't wanna lose muh monies") investment bias.

Same with all the other altcoiners out there pushing their penny stock memes.

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>>1743076
Yet Chinese volume keeps going down down down.

Do you know where Bitcoin was before Chinese volume?

Do you even Blue Monday at all?

Looks like we have a cryptocuck swallowing blue pills by the dozens over here.

IRS knocking on your door, Circle out, Chinese deth.

Do you need an abacus?

>>1744644
Poloniex share of xmr volume is falling. There are also many monero transactions outside of Poloniex deposits and withdrawals.

Monero is the king of private crypto now and likely the future of money since Bitcoin cannot become fungible.

>>1742372
Fucking idiots without basic knowledge.
Say g(t) is the function indicating the amount of gold over time, which is overall slowly increasing due to mining, and m(t) is the function indicating the amount of currency required to both avoid a liquidity crisis as the economy and number of economic actors grows (not enough currency), and on the other hand, hyperinflation (too much currency).

g(t) and m(t) are almost uncorrelated. Historically, m(t) has grown much faster than g(t). This means that on the gold standard it would have been one liquidity crisis after another. Bitcoin is bound to the same fate as further mining brings diminishing returns. Fiat currency that's controlled by whoever is responsible for monetary considerations in macroeconomic conditions is the only answer (bitcoin supply is controlled by the math and engineering constraints on mining, so it's no different from gold in that respect). That most fiat currencies have been mismanaged is also true, but that's mainly due to misunderstandings of fiat monetary systems by orthodox neoliberal economics. But you Austrians are far worse.

>>1743850
Obviously not for bitcoins CURRENT use of drug money.

But if a crypto is ever going to replace fiat for Normies, its going to be a centralized currency

>>1745406
I can't hear you.

We manipulate everything.

>>1742372

Your parallel is stupid and a nonsense

>>1743724
tell me the secret anonkun

>>1744658
Why do you talk like such an autistic asshat? BTC @$915 you worthless plebian.

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>>1748033
I can have them make a yuuuge abacus for you.

>>1747434
Probably because you hold Bitcoin and you don't want to lose anymore of your hard earned fiat.

To those that don't it makes perfect sense.

Right now we are at the point where China sells their U.S. debt cause they realize it is toxic.

Can you handle micro macro reflections?

>>1748209

I dont own any bitcoin but I still think your reasoning holds more to falacious conspiracy theory than to reality

>>1749147
Conspiracy on 4chan?

Jesus you bluepilled cucks are absolutely desperate now.

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>>1744658
>Chinese volume keeps going down
kek
do you even know what a bitcoin is you cuck

>>1743724
That's like saying "Milka isn't even the best kind of chocolate to replace diesel, why does no one know that?"

Some things are just too stupid to contemplate.

>>1742372
Yes that is true

>>1749284
What you have circled there is hope and dreams.

FOMO is like a virus that produces nothing and ends badly EVERY TIME.

The smart ones will sell the FOMO to the ground.

>>1742484
>bitcoin cannot be stolen
Lies.

>>1750806
Did you know that it can be stolen by itself.

Explanation:

Bitcoin is not real and is derived from a sick mind.

Considering that it is not actually real it can still be stolen.

How?

I can buy one right now and stick it in a wallet.

After doing so I can delete the .dat file right away and poof that coin is locked FOREVER.

Stolen by the very nothingness that created it.

Be careful pushing that idea though cause coiners will say "muh rarity" and they will start salivating uncontrollably.

>>1750894
So why aren't you making bitcoins and selling them for $900 each you dumb fuck

>>1750894
There's a difference between stealing something and destroying it.

>>1751267
Cause Bitcoin is for bluepilled dreamers that want nothing more to be sleepy all day and night.

Bitcoin is not in my future.

>>1751535
The only difference is with theft you might get it back but its not guaranteed.

Either way the method I mentioned for destruction is just another way Bitcoin can be "hacked".

As that price goes further down the chute the destruction phase will set in.

Let's see if Bitcoin is as malleable as gold

>>1750894
>derived from a sick mind

you mean a genius who literally solved one of the foremost problems in computer science ?