A brick of gold is now worth less than a bitcoin

>>127753853
>They cannot shut down gold.
https://en.wikipedia.org/wiki/Executive_Order_6102

>>127753974
>https://en.wikipedia.org/wiki/Executive_Order_6102
That is literally unconstitutional.

>>127753974
anyone who actually followed this executive order instead of fucking burying their shit is a complete retard and government cuck.

>>127753853
>the block chain can be shut down
lol no

ETH skyrocketing tonight, get in /pol

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>>127753853
Why is gold valuable, you cant eat or drink it, it does not give you shelter or kids, It is pretty that is all. OH because the jews say it's valuable Mr Goldman!

a gold bar is 400oz which is over 500k kiddo

>>127755208

You're pretty dense..

>>127755208
Isnt it weird a truck load of gold is worth millions more than a truck load of food?

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>The gov can shut down Vietnam any time

Analogy 100% complete

>>127753853
Gold is for jews,

>>127753853
buy DGB you fucktards

Can someone please explain to me why gold has value in today's world. It's literally the most useless metal.

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Got in with $60 in February.

>>127753853
bitcoin has always been a speculative currency, but gold isnt necessarily worth its historical value either.
i think that in today economy, there are no fundamentals. none.

>>127755545
memes

>>127753853

A [commodity] is now worth less than [other commodity].

Who cares?

>>127754432
Just like letting Muslims rape your daughters, but you guys seem ok with letting it slide.

>>127755545
It is the most corrosion resistant metal and it does not oxidize. It's also rare

>A bitcoin is worth literally nothing as in NOTHING

Apparently it's worth something.

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>>127755350
A matter of perspective. If the end of world and I have ham sandwich would I trade for bar of gold, NO. I let you starve then if I want to carry around bar of gold just go pick it up. The guy who really wins is the one with the gun who takes sandwich and gold!

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>You missed the bitcoin boom years ago
why even live anymore. Fuck, I'd be a millionaire by now.

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>>127753853
WE ONLY ACCEPT GOLD

The only currency to hold value in the future will be guns and ammo.

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>>127753853
>Has everybody lost their mind? A bitcoin is worth literally nothing as in NOTHING. The gov can shut down the bitcoin blockchain any time, no questions asked. They cannot shut down gold.
>Only gold counts.

Ok George, we all know you're fucked.

>>127753853
For the most part pedofiles and drug traffickers are the only ones who need bitcoin. Everyone else are just following a stupid trend To gain the illusion of being smart while benefitting really bad people.

>>127755208
Gold does not gain or lose weight when it changes states, not at all, it is 100% recyclable. This s why it has been used as currency for so long, even if one group melts down all the coins when they conquer somewhere else and restamp them they are exactly the same weight. Gold was simply the first form of counterfeit proofing money across multiple countries, it could be brought into a different country, melted down and tested for purity and then recoined in the exact same amount.

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>>127753853
Fuck off schlomo.

>>127756043

You can still speculate on the market, though.

>>127755368
Well, food grows in the trees

>>127753853
Good luck exchanging your Gold for drugs, crypto-ransom, or smuggling it out of China.

Govt can't shut down bitcoin blockchain senpai.
It's decentralized and global, hence no one government can shut it down.
Globalism is freedom in this case: it prevents one government from oppressing it's people by diversifying across multiple governments.

When asteroid mining kicks in and we mine one made out of gold what do you think will happen to its value?

This may happen in your lifetime.

What's the cause of rising value of bitcoin?

Is it buying drugs and other shit online?

>>127755003
>>the block chain can be shut down
>lol no
Yes, it can. Remember China? Remember how they control the Chinese internet?

I hate Germans so much. The Blockchain cannot be shut down you dumb Kraut

>>127756294
Remittances and speculation

>>127756294

>muh drugs

Hello time-traveller from 2010

>>127755742
Gold is easier to bury then daughter

>>127755266
This.
OP is a faggot.
Brick =/= Ounce
Also.
>>>/biz/

>>127756294
People want their money out of the (((banks))) hands. Crypto currency is the future buy now

How do they shut down bitcoin again? Kill a bunch of nerds who manage the network and take their computers away?

>>127755368
Not really. A truck isn't worth millions.

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>>127753853
>ctrl + f 'greater fool'
>0 results

sheeeeeeit.

https://en.wikipedia.org/wiki/Greater_fool_theory

>>127756367

There is no way that China could block anyone from running Bitcoin software on their own personal machines. The censorship they have now barely works as is

>>127756442
I don't use drugs. i just know you have to use bitcoin on the darknet

>>127756178
It's not the same
back then /g/ went crazy about it and bitcoin threads flew by, it even has its own board now
>SELL SELL SELL FAST
Next thread would be
>BUY ANONS BUY NOW OR NEVER
it was exciting, but as a fool I didn't believe this shitcoin would ever take off.
now just look at it, worth thousands.
Fuck, man

>>127753853
>govt can shutdown bitcoin

It literally can't. It's all over the world, and on the dark web.

>>127754432
Yet it still happened

>>127753853
Gold is shiny. Unless you have a king willing to work his people for gold, it's as useless as bitcoin.
Actually bitcoin is a lot better than gold so there's that.

>>127756692

ok bud keep procrastinating while i make dollars out of thin air

>>127755603

>>127755208
Technical applications. Gold has incredible physical properties.

>>127756442
>>muh drugs
>Hello time-traveller from 2010

Where do you get your weed from if not the no-light interwebz?

>>127755603
Bought verge at 6, sold at 19
Still feels bad

>>127756593
>There is no way that China could block anyone from running Bitcoin software on their own personal machines.
They can fucking block the connections between the personal machines people own. You do understand how blockchain verification works, right?

>>127753853
Gold is a Jewish scam
If the world turned to shit no one would be interested in trading your shitty nigger metal for anything of value

>>127755545
It has a lot of electronic applications

Also, all gold that exists on Earth is to believed to have come from the collision of two neutron stars which is why it's so rare.

>>127756767
>It's all over the world, and on the dark web.
Do you even know what the "dark web" is?

The bitcoin can easily be shut down. In order to buy a bitcoin, you need to get an exchange and wire money. If you cannot do that, because the gov says "you cannot", then it is over for the bitshit.

>>127753853
>A useless metal has value because of muh history.

Commodities are the only things that have real value.

>>127756294
i know some people switching to bitcoin from art pieces

>>127756960

I don't *buy* drugs, that's fucking degenberate. Buying drugs from Tor and drop points will get you rolled into a jail cell, our cops are pretty wise to this shit.

>>127755545
the device that you are using to type that message contains a small amount of gold and it would not work anywhere near as well without it

>>127756144
afaik most bitcoin isnt even traded, but hoarded by like 10 major investors

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i give afew to a nice russian gentleman and he kindly give them back to me isnt that nice . think i will cash out and buy a few nice new toys before the bubble bursts :)
literally for some people

>Global emp is used
>internet goes down

Oh wow what do you know you're left with literally nothing. Kek

>>127756144

Nice Jewish memes friendo

>>127757060
gold was valuable before jews existed

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>Bitcoin is worth nothing

An item is worth what someone is willing to pay for it. Dumb fucking kraut

>>127757043

Yeah, I do. It's clear you don't understand lmao. Once one service is blocked, another would pop up instantly.

not buying as much bitcoin as you can now before it goes to 1 billion usd in a wiemar style implosion of the American economy.

>>127753853
You can buy drugs and guns with bitcoin making it valuable

>>127757505
And what will you use your gold for?

>>127757043

And have you ever heard of a VPN or Tor you dumbass ahmed?

>>127753853
don't be too myopic OP
don't get me wrong, I looove my gold stack but that does not prevent me from diversifying into crypto which is in a bull market atm with no end in sight

>>127753974
>https://en.wikipedia.org/wiki/Executive_Order_6102
>The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse
This is literally what apple and all these rich fucks are doing with the income they have in offshore accounts

>>127756511

Anymore who has a computer can take over the management of bitcoin.

>>127755368
Food,women,guns,drugs are all that is valuable.
In 1988 soviet union freshly chopped firewood was worth more then paper money.

>>127756105
This nigga knows what's up. Just like in my post apocalyptic Russian subway simulator.

>>127757868
>implying I was advocating for gold

Kek. Fucking retards

>>127756294
the mother of all speculative bubbles

>>127757718
Ergo, Bitcoin is worth nothing.

>>127757954
>"hoarding" of gold, stalling economic growth and making the depression worse
there is no way people still believe that after we got off the gold standard an we STILL had stalls in economic growth!

>>127757741
china blocks connections at the hardware switching level, this means the router and network card itself drops all outgoing and incoming connections, mimicking a dddos attack. they allow through what they control, the big 4 or 5 government backed web portals like wechat and taobao. another reason why iphone is so popular in china is because android phones have a lot of google features disabled.

one way chinese people get around this is by using coded language in public/monitored forums. (since all swearing is filtered blocked and banned)

>>127754432
Wanna know something interesting? The Chinese did exactly the same thing by banning conversion of BTC to Dollars in all of China back in January, so the price of BTC doesn't drop. You could buy, you couldn't sell.

>>127757210
>Buying drugs from Tor and drop points will get you rolled into a jail cell, our cops are pretty wise to this shit.

Dude, the worldwide biggest non-light interwebz marketplace is run from Russia and everyone knows it is sanctioned by the Kremlin. This shit makes 500 million in transactions per week, all overseen by the KGB (yes, KGB!) and the Kremlin, to spy on literally everybody who does anything wrong in this world.

http://www.xe.com/currencycharts/?from=XBT&to=XAU

I dunno btc is reading gold's lunch lately.

>>127758280
long run economic growth is determined by technological progress and the size of the labor force and capital stock. currency is irrelevant. it only can influence things in the very short run

>>127754432
Still can't do shoot about it. The government doesn't know who has gold and who doesn't.

>>127758444
Rumor is that the Chinese are about to let them cash out into RMB. This will trigger a MASS sell off and the price will drop back to the 'normal' of about $1000.

Japan is going to let its citizens cash out in over 100K places too.

>>127758527
Eating

>>127753853
>The gov can shut BTC

No thats not possible you retard, you would need to shutdown the whole Internet

>>127757548
Valueable in successful societies that already have excess of wealth , the whole arguement for gold is that it's safe currency if paper collapses , which is fucking retarded

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Thiese threads always bring out the sourest of grapes. Wait until Ripple becomes the new Swift and some altcoin with a public board of directors becomes a universal reserve digital currency. All the while you kept reposting memes about buying drugs on "darknet" and hoarding gold you'd be selling at a loss.

>>127758192

Did a handler let you off the leash, retard? There are many mediums of exchange for bitcoin. These include Coinbase, Kraken, Coinmama, Bitcoin ATMs, etc. All allow you to sell your coins for cash.

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>>127753853
>yfw you realize that both gold and bitcoins obtain their value through collective belief.

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>>127757902
>VPN or Tor will save you

>>127758625
>No thats not possible you retard, you would need to shutdown the whole Internet

Nope. The only thing is to create a closed-level internet rather than the current open-level.

In other words, as in China, you just allow all sanctioned traffic e.g. accessing certain websites, while disallowing all other file and information traffic.

The blockchain would be disallowed and mining becomes impossible. If enough Western countries do that, the bitcoin becomes irrelevant on a world stage.

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>>127753853
>real value can only be created by central banks, goyim

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>>127758863
>yfw everything obtains its value in the same way.
>everything

>>127758037
Seasoned firewood burns better than freshly chopped

>>127758863
Gold has applications in all kinds of engineering, design etc. things.

Bitcoins do not.

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>>127755266
Not if they were jew'd properly

http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9

>>127759161
Always remember to archive media renowned for trash journalism and clickbait. Thank you.

https://archive.is/5KKnQ <- businessinsider.com article

>>127755950
if its the end of the world I would just kill you, take your gold and your sandwich and salt your meat and prepare for winter.

>>127759043
All metal has applications that's not an arguement

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>>127755603
Bought 4 etherum a couple months back and now I'm pissed I didn't buy 100 ethrum coins

>>127758942

Or I'll kmake it fucking simplier for you faggots. Bitcoin is useless without electrcity. Of coarse at that stage of societal collapse not even gold will save your ass then.

>bitcoin is decentralized and cannot be shutdown
>relies on ISPs that can be shut down by a government decree

>well yea, I am just going to find nodes via ad-hoc networks
>enjoy the FCC making those wireless channels illegal

>fine, I am just going to create a large WAN for my community and trade in bitcoins
>if the community is small, why not skip all the bullshit and just barter?

>>127759280

Joocy my dude, but i prefer short to middle buy ins to make a couple of bucks a day.

>>127753853
What the hell is bitcoin used for other than buying drugs? I've never seen anywhere that accepts it as payment.

>>127759377
But what if I have batteries?

>>127758942
If enough western countries do that, we start trading BTC inside our western closed net

If then they close it more, we trade BTC inside our country closed net

repeat at infinite until I can only trade BTC with my dog.

If you see, to destroy BTC is making internet practically useless as you couldnt connect to other countries

>>127758963
Gold > bitcoin > central bank fiat

>>127753853
>good goyim only the central banksters can create real value... dump that cryptocrapto

>it would be a real shame if you could send any amount of money for a very low fee and bypass all our jewish banking rules, fees, and regulations

>>127757954

If rich people actually used their wealth, it would quickly result in hyperinflation as the amount of money that exists is several times what is actually in circulation.

Right now the system is setup so that rich people have their vaults of emergency gold that generates it's own wealth, but the rest of the economy doesn't suffer from deflation.

When you do that with actual gold, the price of gold just goes up and and there is no way of correcting for it.

>>127753853
HOLY SHIT I JUST REMEMBERED I BOUGHT 6€ WORTH OF BITCOINS YEARS AGO WHAT THE FUCK

>>127759704
You are a billionaire now. Congrats. Buy me a Lamborghini.

>>127753853
Bitcoin has to complete a set of complex equations and forms a set of blockchains to ensure they are finite. It will take several computers running full tilt a night to make one. They are a manufactured resource that is hard to reproduce. Whats not to get?

>>127759280
Bit late the to game here. Bought a couple of ETH yesterday at $194. Chinafags are getting on board in a big way.

>>127759397
They will not go to far to delet everything, Internet makes them money so we still be the unwanted guests.

You cant block Bitcoin directly because its p2p and encrypted, if there were such persecution it could be obscured even more.

>>127755950
Oh yeah becuase youll be trading bitcoins for food and shelter, which dont even exist without a computer. You fucking dense retard.

You cant store billions of worth of food, you can do that with gold though, its a medium through which transactions are made and it works because it is rare.

>>127753853
Gold is extremely difficult to move in any large quantity, and almost impossible to smuggle.
Major companies also control mining. Not to mention the ridiculous amounts of bullshit happening with paper gold.
Its only advantage is that it stays shiny.

Meanwhile, all you need for bitcoin is your keys, and you can go anywhere in the world and access your wealth.

>>127759539
there are gold brokers that offer bars for BTC

those 'bricks' in your picture are worth around 40k USD.

>>127753853
Everything is worth as much as people want to pay for it.

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>>127753853

It's worth something if the people using it agree that it is worth something.

>>127753853
Better cash out of bitcoin asap. The banks are stacking on it and gonna crash it in the next few years. (((They))) don't want an unregulated currency

>>127756944
Only in electronics.

You think they haven't tried to shut it down?

>Only gold counts.

Only a mined resource that serves no purpose besides jewelry is all that matters? HA!

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>>127760118
Tell me to give me 100 million dollars and I still wouldn't be a slave fucktoy for a year for some rich celebrity like Ariana Grande.

>>127759539

You can buy a lot things. Plenty of online stores accept it these days.

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>>127760354
No, in magic too

>>127760251
>banks are stacking on BTC

geez what could go wrong, its not like they haven't invested in every single bubble there is

>>127759679
>If rich people actually used their wealth, it would quickly result in hyperinflation as the amount of money that exists is several times what is actually in circulation.
finally, someone who has a clue. you can't withdraw 1 billion dollars from a group that doesn't have even 10% of that ready to give away.

>>127753853
You realize we can shut down the fucking atoms, right you dumb krautnigger?

America is the most powerful country in the world.

>>127753853
Definition of idiot:
1 dated, now offensive : a person affected with extreme mental retardation
2: a foolish or stupid person


see: OP

when will the memecoin meme die

It's literally just massive hikes followed by massive drops, over and over, there's no stability, no normality. How can you analyse it? It's just based on whim, People buy because people buy, and those people buy because other people are buying, and those people are buying because - what?: What starts a rise or fall in bitcoin? There's no rhyme or reason to it.

>>127759397
>>relies on ISPs that can be shut down by a government decree
lmao

This would require perfect consensus on this matter among literally all governments in the world, as well as the manpower and resources to literally crack down on hundreds of thousands of locations and computers per country.

And even then, it's still fucking impossible. This is the internet we're talking about.

>>127759679
Sure if they spent it (and all at once), but it should be used as capital no, to help grow the economy

>>127753853
Bitcoin has value because people use it to buy drugs.

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>>127754432
hahahahahahahaha
*breathes*
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>127759449
I bought in at $20 it's now at around $210. I'm really kicking myself but I wasn't super sure it was gonna do well. If I had known I would have emptied my bank account and paid off my loans

>>127753853
you're a low-info pleb, confused and butthurt as to why you are not a millionare when you live in government housing

>>127760557
welcome to the economy 101
all trades are against others peoples expectations and nothing more

>>127754432
What's your point?

>>127755742
doesn't say anything about that in the consitution tho

>>127760637

Remember, don't invest more than you can afford to lose. Those are still the easiest money you made so far, so be grateful for that.

>>127760557

keep sourgraping bud

>>127755742
Part and parcel!

>>127755545
It's rare and doesn't chemically react with anything.

>>127760597
You can buy drugs from your local Afghan.

Bitcoins are destroying the local economy!

>>127760557

Thats like every economy ever

>>127755545
It looks pretty.

>>127759869
Sorry dude, it's hard to predict sometimes. I bought at 20 bucks a pop and it's gone up 10x over. Wish I had emptyied my bank account

>>127755350
4Au

>>127760731

But if you're dealing in oranges or salt pork or a biomedical company there are events, like weather , or quarterly reports, or a CEO being hit by lightning, by which you can predict the market. You can't do that with bitcoin, there's no particular reason to do anything except that other people are doing it.

>>127756165
Are you fucking retarded? Nothing losses mass during a phase transition (changing states lol wtf), it's called conservation of mass.

You can melt iron or brass or tin or lead or what the fuck ever and get the same result, as long as the material is heavy enough that volatiles are insignificant.

>>127759043
>Bitcoins do not.

It has all sorts of applications Achmed, maybe you should read up on it.

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Bitcoin is like a waifu
>You can say you found a gem of great value, truth is there's an infinite supply of different waifu material and you follow seasonal trends like a faggot
Gold is like a 3D gf
>She's not as perfect and idealiced, but she's actually unique and scarce
>the fact you're in 4chan and found a real gf indicates it's intrinsec value

>>127761085
nobody reads that shit anyway

>>127753853
Fuckingretard, there's real money in it and the blockchain is harder than you think to shut down

>>127753853
Jews make it illegal for the State to hoard gold, while they themselves hoard the very same gold in their banks and coffers. Then, when they amass the largest portion for themselves, they try to sell you the "crypto-currency" lie -- money created by algorithm and not Nature, money that does not exist but which you are conditioned to desire.

(((They))) mean to replace all forms of physical currency with digital coin. You will be reduced to a meager life of pointless work and will slave yourself for shelter, food and a currency that doesn't exist. After all, you have a family to take care of..

Meanwhile, those with the gold, silver and oil eat and eat like the effendi.

Give up your money.
It's a lie which indebts you to yourself.
Give up your money and use for something real.

>>127760431
>serves no purpose

You know it's more conductive than copper, right?

The government could strike a blow to Bitcoin but its impossible to fully shut it down

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>>127756123
> Bitch, please.

>>127761184

It's called fundamental analysis, kiddo, and without it technical analysis has nothing to work with.

>>127753853
>The gov can shut down the bitcoin blockchain any time, no questions asked.
Maybe in some third world country like Germany. Here in America, we've got little things you may have heard of like privately owned decentralized networks (tor, i2p, freegate, hell even p2p stuff like torrent networks) which ensure that the government can never have total control over something abstract and digital, such, as, say, a mathematics based cryptocurrency.

Bur I wouldn't expect a kraut to understand the concept of freedom.

>>127761373
yea so? doesnt stop people doing it

>>127759927
I am talking about the physical layer, retard. Shut down large-scale communications and your buttcoins become worthless.

>>127760580
What good is bitcoin if it cannot be used eveywhere? Shut down the major tier 1 networks and bitcoin is only good for local use, at that point you're better of trading/bartering.

>>127761019
Nice one man, that's awesome. Easy to look back in hindsight, if only we knew what was going to happen!

>>127760557
to be accurate, short traders are agents that stabilize volatility softening it

intermediary actors on a market soften the selling/buying costs of instant bids

>>127761403
>tor, i2p, freegate, hell even p2p stuff like torrent networks
Do you retard even know what this stuff runs on? Are you trying to suggest that software runs on some separate physical network with different fiberoptic lines and servers on the Moon which the government cannot control?

>>127760930
The point is people prefer bitcoin because it has the special property of being anonymous. Meaning they can buy things like drugs anonymously giving it a higher value than something physical.

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>>127761178
And there we have it.
Irrefutable proof that bitcoin is superior to gold.

>>127761455


So fundamental analysis drives technical analysis. But you can't conduct fundamental analysis of the bitcoin market. There's nothing to analyse.

when it all comes crumbling down, brass and lead are all that will really matter.

>>127753853
>they can just shut down the blockchain no questions asked
Ask me how I know you're fucking retarded

>>127761085
Just store your wealth in gold if you're such a pussy


I think that btc will still rise for utilitarian reasons, moving millons of dolars around banks in the world is very expensive and slow, Bitcoin makes it instantly and free so its obvious this will end up being the standard for worldwide transactions. When a "big" minority of online business starts accepting bitcoin (lets say 10%) that thing will boom again

>>127761672
its the same as any currency

>>127761589
s t e g a n o g r a p h y

>>127757131
That isnt why it is rare. The real reason was when the earth was molten it sank to the core. Gold deposits are left by asteroids and gold is common in space.

>>127761477
>What good is bitcoin if it cannot be used eveywhere?

By the time we get to that stage Bitcoin will be mainstream and you will have totally missed out.

>>127761589
>Do you retard even know what this stuff runs on?
Yes, I do.
Let me ask you this, what use is your precious gold if you can't do a damn thing with it?
What value does your gold have if there is no infrastructure to make use of it, no demand for it, what use is it when people can't get anywhere to do stuff with it, when people are starving because dumb niggers like you convinced everyone to go into gold instead of making sure that roads and bridges and industry still function?
Oh, but don't mind me, I'm just a silly dumb amerifat that doesn't know a single thing about economics, amirite?

>>127761672

>But you can't conduct fundamental analysis of the bitcoin market. There's nothing to analyse.

Haha yeah, news about J.P Morgan coming on board with Ripple along with Japanese banks are literally nothing, nope, nothing to analyze here. Won't affect the XRP/BTC pair AT ALL, move along now people.

you fucking retard

>>127753853

Artificial suppression because of the tanking economy. If gold was where it should be right now there'd be a huge run of people wanting to cash out for there gold only to find out that it doesn't actually exist and they've been jewed.

>>127760469
>"Sorry, anon, we just lost your pension on the BTC bubble burst"

>>127761589
As for the rest of your question
look up what a darknet is

fiat and central banking kikery dun goofd real soon
no more QE, no more denbts, no more (((monetary policy))), no more taxation, no more monopolies
monetary systems will actually have to provide value if they are to survive, not suck it out of everything and everyone

>>127753853
>i don't understand how currency works

kek

>>127760580
>This would require perfect consensus on this matter among literally all governments

How so?
For you it would be over in case just one government restricted internet access. Or well the EU-dictatorship.

inb4
>muh will just travel to Russia to get some monies

>>127761773

No, it's not you fucking slant. Currency is dictated by politics, by rates of foreign investment, by public sentiment, by resource trading, Fundamental analysis for forex is difficult precisely because there are so many things that affect it that it can be very difficult to encompass all the factors, but there are factors, and that's why forex goes up and down. Not just random follow-the-leader bullshit.

Enjoy your 1-node intranet for your community of 500+ people.

>>127761589
I find it hilarious how these idiots think cryptography is any use within the context of using bitcoins when they can't even connect to the internet.

i dunno man, gold was valuable when everyone was all "oo shiny" but now we have iphones that are shinier than any shit out there

neither is worth shit

>>127754432

You know what's also unconstitutional?

Having a dictator bringing in 3rd world terrorists into a continent and letting them do whatever the fuck they want scott free :*)

>>127754432
People sit around beating their chest about their constitutional rights and treat the law like it is a living, breathing creature that eats any evildoers that dare go against it. The reality is that none of that shit actually means anything and is just a figment of human imagination. Remember, you can do whatever you want whenever you want. Those at the top understand reality hence why they appear immune to it all. It is because they are not burdened by self-imposed obligations. They use their power and intellect to intimidate and influence the world. Break the conditioning, Hanz. When you look at a painting you know it isn't real right? You know you can affect it by adding or taking away from it. You can even see the finite nature of it by observing its borders and two dimensional image. Look at the law the same way. It's all in your head.

>>127762210
incorrect

>>127761477
>Shut down large-scale communications and your buttcoins become worthless

Shutting down physically would mean billons of dollars in loses, so its a big nope. In an apocaliptic scenario, people will shoot first banter later, so gold its quite pointless too.

>>127762210

> I don't know where to read news about Blockhain, new applications, projects, ICOs and developments.

ok bud we get it already you're a sourgraping retard

>>127756492
jews are the ones pushing bitcoin and digital money so they can control us easier.

>>127762333

Prove it, faggot.

>inb4 I don't need to for reasons I can't disclose right now

You're just shitposting, aren't you

>>127762262
>I find it hilarious how these idiots think cryptography is any use within the context of using bitcoins when they can't even connect to the internet.

This. Sometimes I think I am talking to small kids when I talk to BTC advocates. It's like you tell them "if the gov shuts down power, you got a problem" and they say "haha, wrong, we just serve the internet in the dark!"

>>127761889
But I have bitcoins, for which I didn't have to pay anything. My point isn't that people won't be able to use it, but rather that if governments desire so, they can make a bitcoin-based economy illegal.

Fuck, your own leaders are trying to make encryption illegal, and in the US net neutrality is going down the toilet.

>>127762210
>he still believes in fundamental/technical analysis

My god, you probably believed the ((experts)) when they said Trump was gonna lose. We love to understimate our chaotic systems

>>127762505
>"haha, wrong, we just serve the internet in the dark!"
well yes, have you ever heard of a sneakernet and a generator?

>>127762262
>when they can't even connect to the internet.
show me a way of disrupting civilian access to the internet without destroying your entire economy and i will show you something that can be worked around

>>127761990
I think all that narrative is BS

and I'm a gold bug myself

lisen, people are absolute retards towards economics

everyone got it all wrong and you certainly know the 'experts' are the worst

most people can't even start to understand why a shinny metal could be something that special

and they can't even process the reasons behind because they got all their thought foundations wrong

people don't run towards gold when shit gets worse, it's just that current goldbugs hug it more when the world reminds you it's going nuts and that just shows on charts
most agents are clueless, they won't run to safe heavens

most investors think of pissing around indexes to "diversify" is the smart strategy: buying overpriced with not a single positive foundation they're not interested

why? because normies can't evaluate risk if everyone else is doing the same shit

>>127762171
Yeah, like China was so successful in doing, right?

>>127762477
prove it the other way

>>127762654
>well yes, have you ever heard of a sneakernet and a generator?

QED. Sure thing, your generator will work wonders if all servers countrywide are shut down due to electricity just not being there!

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>>127762654
How does that get around the fact that the government owns the fiber and backbone that everyone uses to connect to the web? Serious inquiry.

>>127762649

The issue isn't whether or not they're accurate, the issue is that they give people a reason to move a market. They influence faith.

>>127759161
i spend my kids college fun on gold coins to prepare for NWO and i took them to get melted down into bars and it turns out they were all fake.

>>127759161
Long time ago in us we had nickles they electro- plated. They passed off as $5 gold coins.

>muh bitcoin is worthless because it doesn't exist
imblying existence means value. i used to believe this meme too, then i started traveling to yurop and found out banks don't even accept paper money anymore unless you open an account with them and most wont even open you an account unless you're the best goy in town. it's literally dark age tier. money isn't good anymore. banks don't want your money, they want your loyalty and servitude. cryptocurrencies are how you fuck them right back.

>>127755742
kek

>>127762569
Net neutrality did nothing to protect cryptocurrencies, nor the consumer's right to use them. If you really think it does, go read the actual wording of the legislation and see the truth for yourself.

Stop repeating what others have told you. It isn't the truth.

>>127762505
If significantly less educated people in Venezuela can do it why do you doubt so highly people in the west with much more saved wealth and access to tools which make what Venezuelans are already doing significantly easier?

>>127762817
the government doesn't own the fiber or the backbone, this isn't the 1970s anymore. you do realize "internet" means "network of networks", more specifically "network of networks designed to communicate via TCP/UDP delivered over IP", right? the government doesn't need to be involved, a radio and a generator will do just fine.

the government could decimate throughput and latency, but they couldn't destroy the internet. that would involve destroying all knowledge of networking, which is impossible.

>>127762800
it's almost like there's more than one generator in the world, wow you're really making me think...

Are Germans legit the most autistic people on this board?

>>127762800
The Aussie-fag will just go
>muh will buy tons of generators with my bit coins
>muh then travel to those servers and make them run again
>muh problem solved, I win

>>127762654
>well yes, have you ever heard of a sneakernet and a generator?

>I'll just walk to your house with my bitcoin wallet, connect to your blockchain, and pay you in bitcoins

No you fucking retard, at that point you pay this man with potatoes or something that's actually useful

>>127762787

Fuck off, shitposter. I've already made my case, I'm not going to make it again because you have trouble reading gaijin letters. You don't want to make your case because if you actually type out "People just, like, make million dollar decisions, because, uh, I don't know" you'll realise what a cunt you sound.

>>127760587

Sure, having wealth allows you to invest it. But that just creates more wealth for you which only allows you to invest more.

Really, you just end up being responsible for the management of the economy. You ahve to decide what business are worth investing in, what metals might become valuable next year, which countries have potential and so on.

This power however is selfchecking. Invest money well and you get more money which you can use to manage more of the economy. Fuck it up and you lose the money and the power that comes with it.

But there is no real reason that things needs to be as centralized as they are right now.

>>127761252
>more conductive than copper
its 700x less common than copper

>>127763139
I'm pretty sure in the u.s the government owns that shit and rents it out to ISPs to jew people for shekkles even though we built it with tax payer shekles..

>>127763292
my argument is that your argument is bullshit.
as long as you cant prove that fundamental analysis actually has some bearing on how prices go up or down, it is as good as bullshit

>>127763139
>the government doesn't need to be involved, a radio and a generator will do just fine.
Wrong. You don't belong here
You haven't read RFC 1149

>>127763292

>I don't know where to read news about Blockhain, new applications, projects, ICOs and developments.

>>127762842
True, but the descentralization leaves ((them)) powerless and in no way to corrupt it. I think a bit of chaos is a fair price to pay for a free and unregulated currency.

>>127755545
Almost all the lanthanide metals are more useless than gold. Maybe one of the lanthanides is used in TIG welding.

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>>127761672
Wait, are you implying bitcoin has no foundation on the real world?

is it just a metaphisical event or what

Gee, its almost as if this entire thread was bait from the getgo
sage

>>127763239
>we have a bunch of people using a payment mechanism that we don't like to get around our state sponsored payment mechanism
>what should we do?
>oh i know, we'll destroy the economy, making our currency worthless anyway
seems like you lost the argument mate

>>127763333
no. the government does not own any of the various networks in the US in any way, shape or form. they do own some classified networks, but normal people aren't allowed to use them anyway.

>>127763486
i'm more of a fan of RFC ㄣㄣ, detailing IP over Carrier Emu.

>>127763021
How conveniently you leave out the rest of what I said. My point is that through regulatory capture, corruption, and authoritarianism, governments have the last word on how you can use these services in the first place. If they want to stop bitcoin, it can be done.

>>127763486
Do you really think than a goverment of any first world country would shut down Internet, which would mean crashing their entire economy, just to shut down Bitcoin? It would have literally 0 support

>>127763562

He doesn't know where to read news about Blockhain, new applications, projects, ICOs and developments because he is a retard, so he's trying to claim that you can't perform fundamental analysis on the crypto market.

Which is demonstrably wrong.

>>127763800
he was referring to the april fools RFC about sending IP packets over carrier pidgeons.

https://youtu.be/b-_yOmhe3c4

have some real gold fgts

>>127763466

Your argument is nothing, you haven't made an argument.

Something has to drive market change. Technical analysis looks at past performance, compares it to current performance and makes a prediction. Technical analysis is purely a reaction, the market has to be expressing behaviour before you can compare that behaviour to previous behaviour. Either that behaviour is based on people making informed decisions, i.e. fundamental analysis, or it's based on people just buying or selling millions of dollars worth of currency because they felt like it. Only one of these is rational.

>>127763504
Fuck off Ivan no one cares any more

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>>127753853
Gold in reality is worthless. People like it because it's shiny, its biggest value is in the manufacturing of parts.

>>127759869

not only because of that.

the supply of coins suggest ETH should trade at 1/6 of BTC value. atm ETH trading at 1/11 of BTC price.

so just from parity perspective ETH should be worth twice as much as of now.

>>127753853
I can't pay pizza livestream with a gold ingot.

>>127763562

So fucking EXPLAIN what it's based on. Do you not see the question mark in my original post? Christ, I should have known better than to actually try to discuss something on /pol/.

>>127764016
>Something has to drive market change.
yes, but it isnt fundamentals
>or it's based on people just buying or selling millions of dollars worth of currency because they felt like it.
thats exactly what im saying

>>127764075
And it's scarcity. And it's properties like conductive and corrosion resistant. It's not worthless at all. Who gives a fuck about a gold chain anyway. It's used in pretty much every electronic device ever made.

>>127753853
>an arbitrary quantity of one currency is worth less than an arbitrary quantity of another bitcoin
1 bitcoin is worth less than a ton of gold
1 satoshi is worth less than a gram of gold
what is your point?

>>127753853
When the world monetary system is in deep trouble (soon(TM)), Bitcoin and altcoins will crash down hard as people scramble to get capital out of the crypto system. As the whole things collapses, bitcoin exchanges will steal coins before going dark left and right, transactions will be delayed by weeks or months, and people will 'lose' millions in the system. Then hyperinflation will take hold, and everyone will flee to precious metals (gold, silver) like New Yorkers fleeing to a bunker during a nuclear raid.

Silver is a moon rocket primed for takeoff. All that has to happen is another 2008, which is coming soon(TM).

>>127753853
Money, gold and anything we put value in and perceive as valuable cannot and will not disappear as long as there are people with interest in it. You think guvmunt can kill bitcoin ? But they'll never kill the idea.

>>127763714
>seems like you lost the argument mate

nah, you are missing the point. I am merely demonstrating the maximum extent of power that these entities have. Any government that regulates how information is transmitted, ultimately has the last say on what's allowed or not. Like I told some other poster, the UK is already trying to ban encryption.

>>127764153
also just to add some flavor, i wont sell my eth coins until they hit 4-digits

>>127764279

Dollars are based on literally nothing, people just value something because they feel like it, Bitcoin will have value because I know someone in another place will accept it as payment.

>>127764358
Only its scarcity gives it any usage as a currency, but as I said, the real value is in its usage for electronic parts. Now that Gold actually has a real use, it is less important as a currency.

>>127764547
>Any government that regulates how information is transmitted, ultimately has the last say on what's allowed or not.
i find it humorous that an american is saying this.

>Like I told some other poster, the UK is already trying to ban encryption.
literally impossible. back when your government was trying to ban the export of PGP, someone wrote a book with the full source code of PGP and it was accepted for export. why? ITAR "doesn't apply to books".

try to ban math. i dare you.

>>127764356

Why the hell would people take million-dollar gambles for no reason

>>127764555
Dollars are based on being the world's reserve currency. Get in touch with the Saudis and see if they'll see you crude for bitcoin.

>>127753853

Money isn't a commodity. A commodity isn't money.

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Maple syrup is worth more than oil.

>>127753853
>The gov can shut down the bitcoin blockchain any time, no questions asked.
You have absolutely no idea what you're talking about.

>>127764827
>Why the hell would people take million-dollar gambles for no reason
if they have money, why not? why do people go to the casino?

>>127764827

>Why the hell would people take million-dollar gambles for no reason

>I don't know where to read news about Blockhain, new applications, projects, ICOs and developments. That means everyone is taking gambles for no reason

really made my sputnik go beep beep

>>127758942

this kraut actually thinks the gov would be able to censor the entire net and whitelist certain websites without massive public outrage

unlike germany, the americans actually stand up for their rights most of the time

you clearly have no idea how big the internet actually is here compared to chinatown

>>127764876
>Fort Canknox
>High security location where maple syrup is stored to regulate the Canadian economy

sounds aboot right

>>127764466
they don't have to kill the idea if the idea isn't worth anything anymore m8

>>127753853

Venezuela started using it as an alternative to government controlled currency.

When the government is out of control, anything the government can't control looks like a godsend.

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How the hell do crypto-currencies work if there's no centralized authority keeping track of everything? Who/what verifies that the buttcoin I own is legit?

Personally, I'm just kicking myself for not bothering to mine buttcoins back in the day. Could've easily made a little bit and sat on it as it inflates in price. No way I'm going to get in on BTC now though. It's totally in a speculator positive feedback loop that keeps rising and rising until it crashes. Too much at stake to do that, IMO.

It'd be nice if there were a crypto-currency that wasn't so volatile though. Ideally, I don't want to play the speculation game. I just want a way to preserve wealth without it being indirectly stolen under my nose through QE and inflation, as is what happens with gov't-backed money.

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>could have bought 5,000 bitcoins back when they were under $1
>"haha nah this shit's just a meme"

>>127764827
>Dollars are based on being the world's reserve currency

Thats because someone agreed to, bitcoin somehow made it as a social movement and now peoples accept it as a coin and theres no way to stop that. Just like in some point of history a bunch of dudes decided gold is valuable because it was shiny and hard to get.

No fundamentals needed, this is not physics.

>>127765226

The difficulty in making a cryptographically valid bitcoin. Taking 10 millnillion years beyond the heat death of the universe to properly counterfeit a single bitcoin counts for a lot.

>>127765226
read the whitepaper https://bitcoin.org/bitcoin.pdf

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>>127764075
industry use of gold is fucked up due to being mostly pushed by it's financial utility as wealth time machine
>>127764153
implying that btc isn't overvalued by 200% or implying that both aren't overpriced by 1000%

at least eth tokens are actually dope

just a reminder that crypto alchemy exists (relaunch) while metal alchemy does not

>>127764279
it's based on sorceries you wouldn't understand with your current magic level

>>127765247
...and sold it at $11 instead of $2600

>>127765545
ok, so the moeny itself is pretty secure.
but how does the system encode that you are the one who owns it. wjhat stops hackers?

>>127765226

Basically everyone haves a list of every account and how much they own, crypto makes it against cheats.

>>127756294
Chinese with nothing better to invest in who don't want to pay taxes on houses in Toronto and Vancouver are throwing billions into crypto currencies.

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I just bought 2BTC, fite me.

>>127755208
Go to a museum and look at gold, silver and bronzewear. Youll notice the gold shit is still shiny

>>127765247
see this >>127765637

Don't beat yourself up, bitcoin is still very very much in its infancy.
Just invest whatever you can afford to flush down the toilet, and walk away from the computer for a few years.

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>>127755208
Gold 9999
>9999

>>127765876

>Buying at ATH
>anime picture

yeah it checks out

>>127755208
Because it's rare and non-volatile.

>>127753853
Yes, capitalism was always insane. And this is the natural outcome.

>>127765011

>why do people go to the casino?
If you really think people are putting enough money onto a currency to start a market shift for a whim there's no point in talking to you any more because you're an actual lunatic.

>>127765033

We're not talking about bitcoin anymore, keep up. Ching Chong's point here, as applied to bitcoin, is that nobody reads news about Blockchain, nobody cares about new applications, projects, ICOs or developments, some people just randomly throw money at the market and everyone else is a technical analyst and follows their lead.

>>127765674

It doesn't. It's the responsibility of the individuals in posession of bitcoins to stop hackers. The ease with which bitcoin possession can be transferred is a vital feature of any form of currency, not a problem.

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>>127765876
ATH?

Fighting Games > Anime, fampi.

>>127766260
>>127765992

>>127766198
ok so how do you possess these virtual coins, seeing as they are virtual?

>>127766061
capitalism isn't insane
statism actually is

market agents are monkeys after all, they're making opportunities for sane people

everything is fine

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>still believing in ((((((((((((("Money")))))))))))))

topkek

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You can't go out and find bitcoins. Where as gold on the other hand.

>>127766160
>If you really think people are putting enough money onto a currency to start a market shift for a whim
yes, what do you think the stockmarket is? what do you think the derivative markets are?
its a casino, just a huge floor of betting.
if you dont understand this you are the retard

>>127766160

>nobody reads news about Blockchain, nobody cares about new applications, projects, ICOs or developments

That's wrong. I do an made more than a %100 in three months. Everyone else i know in the scene does too.

This is like "buying drugs on the darknet" meme, people are so fucking behind about what this technology really is about. Like i said earlier, when Ripple is going to become the new SWIFT, which it's dead set to do, that's when people are for sure going to start killing themselves.

>>127762569
Net neutrality is like all the fat people who massively overeat in America lobbying to make all other forms of restaurant models illegal so that they can pay 30-50 for a shit load of food but everyone else also has to pay that same price. Sure they make up a bunch of rationalizations to Garner support but they know full well their real motivations and plenty of people follow them.

There's a reason that only the streaming services lobbied for this and all the idiots that followed them and that's because they're those fat people demanding fundamentally that everyone else subsidize their massive bandwidth usage

>>127765992
Oh, you mean during the high. This wasn't to invest. I just had some shit to buy and since how the plice fluctuates. If I spend 2,000 I'm getting 2,000 despite the rate. If it goes up thats a bonus. I invested back when it was around $900 before christmas last year and did good.

>>127766331
Your device is associated with an ID, how much BTC your ID owns is of public information. Its like a huge game of accounting

>>127765674
It's best to think of it like paper money, rather than money tied to a specific name in your account. If I leave my wallet out in public somewhere, my money can get stolen without a trace, and I don't have any real way to get it back. Or if I lose my wallet, that cash is gone. Likewise, if someone hacks your computer and gets your BTC wallet, or you lose/forget your passkeys, you're fucked too.

Of course, there in lies the problem. You wouldn't store thousands and thousands of dollars in your wallet or in your sock drawer. Ye that's basically what you're doing with BTC. So you gotta make sure your shit is secure, but that's on you. Of course, the NSA and CIA with their spyware probably have the ability to drain everyone's BTC wallets just from getting people's keys from digging through people's computers remotely, so...

>>127766658
how is this id secured? is there insurance on these ids?

>>127753853
Not sure if the government could shut it down but they could heavily manipulate the value of the currency. They own many bitcoins, and since there are no rules or regulations they could easily tank the price in a massive selloff.

>>127756265

If a massive amount of new supply from an asteroid would cause a catastrophic fall in its value... why would anyone pay for a mission to mine an asteroid? By the time their cargo is on its return journey, speculation will have destroyed the value to the point that it might not even be profitable to land back on Earth.

>>127766792
>the currecny itself is unhackable
>but the computer you put your money on isnt
so what youre saying is, its hackable, and no government will back you if it gets stolen. thnks

>>127766597
> what do you think the stockmarket is?
People buying and selling things based on whether they think the price will go up or down, which in turn is based on solid reasoning. Not just people randomly pressing buttons with their eyes closed. You make a bet because you think you can win, and if you think you can win you have to have a reason for thinking that.

>>127766606
>That's wrong

Literally exactly what I'm trying to say to this gook

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>>127766410
think of money as industrial karma that is actually the real shit aproved by natural laws

the problem with fiat paper is not that it's paper, but that it's corrupted as there're agents that can counterfeit legaly, unlike most users who just eat the shit up

gold is a safe heaven because their asperger can't unlock alchemy yet, so they can just hijack paper holders

>>127766802
It uses public key crytopgraphy

Basically your ID is the public key, but only your device haves the private key (you need both, like a lock of 2 keys) its impossible to figure out the private key so no one can be an imposter (unless someone gets full control of the device, which would be your fault)

>>127766633
>to make all other forms of restaurant models illegal except buffets*

>>127756960
/diy/

>>127767073
>You make a bet because you think you can win, and if you think you can win you have to have a reason for thinking that.
people at the casino think this all the time though

>>127756294

China has strict export controls on capital.

Chinese businessmen fear leaving all of their money in China.

Chinese businessmen are willing to go to extraordinary lengths to get some of their fortune out of China, including blowing up housing prices or inflating the value of bitcoin. If either crashes and loses half of its value, they've still managed to export capital that would have otherwise been subject to a Chinese "hard landing" economically or Xi's anti-corruption campaign.

>>127766416
Effectively

https://www.bitcoinmining.com/getting-started/

>>127755179
China hits at 11 where I live.
Thrillerpopcorn.gif

>>127767321

Yes. They make bets because they think they can win. They think they can count cards, or they think they can play the odds at the roulette table, or they think they can bluff. They have reasons for making the bets they make.

>>127767033
kind of, you would have to really fuck up to compromise all your security

>>127767551
What about the guy who play slots?

>>127767551
that doesnt mean its not bullshit

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I wish I had bought more when it was under $100.

>>127767703

He's a faggot.
>>127767709

Whether it's bullshit or not is completely irrelevant. They believe it, and that's why they make their decision. Like people who trade on forex who aren't technical analysts.

>>127766416
Bitcoin mining has been growing in be Venezuela exactly because you can do just that anon.

It's just that in the west it isn't profitable to do it at a personal level because even a min wage job pays more and the cost of overhead in general makes personally mining Bitcoin in the west very hard to be profitable as well

>>127767187
what devices? are we talking about special bitcoin devices like storage? phone apps?

>>127768077
>there must fundamentals driving the market
>they could be bullshit but that doesnt matter
do you even have a coherent idea about markets

>>127768265
Phones, computers and so on, anything with a CPU I guess.

>>127759679

That's more along the lines of "if they cashed it all out into physical currency rather than valuable items/metals/whatever". There's a built in limit there of demand- if someone dumps a trillion or two in gold into the market, prices (and effectively wealth) is going to crash for those people.