BITCOIN

It is a meme until the alternatives become worse duh.

just toss in a thousand bucks

>Monetary policy
You have no idea what that is if you think bitcoin has it.
Again, young one, if you replace the USD with Bitcoin you're literally changed nothing but the ledger.

You're economic illiteracy is a byproduct of your public education.

There is real money and there is Fiat--you clearly don't understand the difference.

It merely requires nationalization of USD, something that appears to be imminent in the near-term.

Yeah, I don't believe there is anything near the Weimar republic coming soon, but due to U.S panic selling and market practicies, inflation will go up a considerable ammount. Enough so that user and cryptofags will sink more money into bitcoin causing it to go up.

>intrensic
Learn how to spell the word if you want to use it to spread your FUD

>checked

Gay.

Monetary policy is not a difficult idea by any stretch - don’t be so proud of yourself.

Name one other thing with a fixed, known, and controlled supply.

>USD currency print as much as I want
>Fixed 21 million BTC built into the core fundamentals of the code
USD != BTC

>gold
If any one on this Board actually cared about creating a better world for their Folk, they would help me build Laborrency.
But... alas, alas, alas.. 99% of Yas Forums is all talk.

I chose gold, last year. Good stuff so far.

Fiat money is bullshit. Seeing your savings depriciating in value sucks ass.

It's all fun and games until they divert your meme coins server electricity to hospitals and essential services.

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At no point did you approach a coherent statement. You public school kids have been lobotomized--it is sad what they did to your mind.
At no point did you even approach demonstrating that you understand the difference between Fiat Money and Real Money.

Your encryption is meaningless child.

BTFO yourself, jew

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I've had family do well with gold in the past. Wish there was some form of investment that is not supporting Chinks (BTC) and (((Them))) (Precious Metals) Alas, that is the current world predicament

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I did explain it.
> Again, young one, if you replace the USD with Bitcoin you're literally changed nothing but the ledger.
Its not just the ledger. The ledger is public with BTC. There are ONLY 21 MILLION BTC and NO MORE will be created. There is a FINITE amount which is the exact OPPOSITE of USD. I cant fix stupid. Why dont you just drink fish tank cleaner so society can move forward. Fuckin jew trying to keep his shekels.

Invest in precious metals like lead, brass, and copper.

imagine being this uneducated and dunning kruger
how do you get through life?

fiat systems are debt based currency and keynesian economics
crypto and gold is commodity based currency and austrian economics

it's a simple concept where one gives government power and leads to elites and serfs and the other gives us an open market and fair trade reasonable savings and a fair open market

The stock market isn't real if you can debase the currency
the Fed said they will print indefinitely
at 30% unemployment how are stocks going up?

Attached: Venezuelan-Stock-Market.png (1920x1080, 107.2K)

Yeah but the kikes are trying to fuck over crypto with futures market like they did gold and silver. shits fucked man.

>It is backed by decree
it is fiat

Everything else is you being retarded and not understand what Fiat currency is.

Also I bet your first name is Jason. Fuckin delusional

>crypto
>commodity
I don't think you know what commodity means.

>the most unstable big nothing currency to ever exist that is only really good for buying drugs and child porn
>not jewish

>reddit spacing
Get the fuck off my board you faggot

>Fiat currency are debt based
YOU ARE A RETARD: THIS IS NOT WHAT DEFINES A FIAT CURRENCY

You're economically illiterate--that's your problem.

Fiat means it's value is by decree: everything else is you expanding on why you're a retard.

I agree. BTC futures is fuckin poison. Especially when boomers think they actually own BTC like when they buy their paper gold. Buy tangible metals and BTC.

it has the properties of gold and the programmable aspects of fiat

Bitcoin has better security than gold because it weaves its security to reflect the size of its economy
The inflation rate is predetermined unlike gold
Keep digging and you'll find the truth

I’m not a libertarian anymore, but the current global financial system is a gigantic Ponzi scheme based on kike Usury. Every time they have an economic crisis, they create more bubbles, increase immigration and create and environment where every every entity and citizen is over leveraged to extend the looting window.

Good luck. You will never be able to cash out.

They leverage the economy to you having to take on debt to compete
it's unsustainable and gives the government more power
it's all baked into retarded laws and legislation

bitcoin fixes all of this

It’s also immediately fungible (divisible to the 8th decimal). I think both metals and crypto are going to come out of this uncertainty shining bright.

>Bitcoin is Fiat

You haven't made it past demonstrating that
a) you understand what fiat is
and
b) that you can demonstrate any difference

You've failed for both a and b kid--you're a retard: that's your problem.

Fake money will always be fake, doesn't matter how it's ledger is encrypted.

Nothing to do with it being a commodity.

it's as fake and as real as the users want to it be
the bitcoin consensus is growing and it's real to a number of people

>fake as users want it to be
eg
Fiat

you keep proving my points over and over

Do not buy bitcoin buy chain link

Stop buying & using crypto goy

bitcoin fucked us, digital currency is now a widely accepted idea because of it and only a matter of time before we have something like id2020 with a digital wallet controlled by the gov. rich people pump and dumped it already and for all the schmucks still hodling gov is going to make it worthless once they introduce their own gov digital currency.

Why do you think gold has the value it does? It has nothing to do with its industrial application, but merely as a limited supply asset as a hedge against fiat. The advent of blockchain tech infringed upon the monopoly that precious metals had in that department.

People spend more time in the virtual world than they do in the tangible, and that’s not going to stop.

I don't even know what point you're trying to make

humans need a medium of exchange because it saves us time and makes business move faster
USD doesn't work if the Fed prints and bails out corporations and banks left and right
It crushes the smart businessmen in the economy because they were forced to take on debt and then they go bankrupt while the corps say a float
This isn't fair and will cause a brain drain into a more fair economy

like it or not we're connected through the internet our logistics and business is all through the internet and uses computers
using gold is a custodial risk as we can't audit banks and 3rd parties all the time
bitcoin is sending the actual thing to people and using it in a digital economy

Nice try Moshe, I will never spend a penny in virtual money, you do it and have fun I'll keep my gold bars hidden in the chest.

Currently 1 BTC is trading at $6600+ USD. Cope. BTC is traded with other fiat currencies and cryptos. How much united states dollars to buy one BTC? Also if you dont have BTC in a wallet, you dont own it. Actually you are beneath me. How the fuck did you find your ass on /biz? Shouldnt you be mowing your lawn or clean your pool?

BTC is controlled by the same Jewish whales that control Wall Street. You think your 10 coins mean much, but some of these Jews own a million BTC each.

If they panic, as all their friends are screeching and getting killed in the Stock Market, they will panic-sell and this will cause the price to dive. This happened 2 weeks ago when it plummeted to $4k.

Bitcoin is less safe than stocks. Trump will kill to keep the stock market afloat, while no one will give a fuck about Bitcoin.

t. BTC owner

Comparing block chain to asset backed currency.
>Assets
>Silicon encryption
Everything you said is kike propaganda and demonstrably retard tier wrong.

You clearly don't know shit about the history of the FED in the US nor anything montary that happened prior to the 1980s.

Only retards and kikes want currency backed by nothing--only retards and goys support them in their endeavors.

tl;dr
Fiat = Bitcoin and you're an idiot.
yes, economic ponzy schemes always appear successful early on child.

nice get
>gold bars hidden in the chest
you see money can be put towards something to gain value
keeping gold in a safe isn't always the best idea if you want to build wealth

back in ancient sumeria the kings would spread their gold across the farmland to allow farmers to short sell their crops in case of a famine or natural disaster
the king collected a percentage because he diversified his risk across all his land

If something bad happened the farmers survived because of this economic instrument
it created stability and sustainability to build cities and culture and trade

It is important that our culture is backed by a hard asset like gold or bitcoin so that we can use these instruments for stablity and grow

Look at the 10 year treasury bonds they're at like 0% that isn't sustainable
why is America open to all the immigrants? It's because our economic system isn't sustainable
Keynesian economics requires constant growth.
We can't go through an economic down period so they're debasing the currency

Sorry buddy. We’re never going back to the gold standard.

>you're an idiot.
Yeah good argument buddy.
You really made a contribution there.

The difference is the Dollar can be printed over and over, Bitcoin cant. thus there will never an inflation, you'd only loose money due to lack of "owner" trust and people withdrawing from bitcoin. In hard times like right now, it's just better to buy bitcoin. Why should i wait until my real money is nothing worth anymore? If I buy bitcoin right now while the dollar is inflating, I keep alot of the value, actually if peoples trust in bitcoin grows i Actually make money and once the dollar stabilizes/new currency beeing introduced I can switch back again.

Never once have implied such.
>You have no grasp of history
>you don't understand, still, what fiat currency is
>You don't understand what asset backed currency is
>you don't have any idea what the bretton woods agreement was
>you don't know what the petro dollar is

I'm working with what I got kid--you're barely literate and economically illiterate. Both obvious.

You're pushing a sales pitch of talking points while demonstrating no comprehension of what the FED is or how it operates... yet claiming you're magic NEW fiat is WAY better than the old FIAT.

you're 12.

>yes, economic ponzy schemes always appear successful early on child.
Early? BTC has been here for quite some time. What is early a unit of measurement equivalent to? Your fuckin IQ. BTC=fiat? What is USD? You are getting your terminologies wrong. Again, I cannot fix stupid. I think you need to just go back in the timeline where Mervyns, Good guys and Radioshack are still in business because you are delusional and just dont make sense.

I may aswell tell my story. here in 3rd world countries banks close, liquidate and disapear all the time. here is a latest one that impoverised millions

bloomberg.com/news/articles/2018-07-30/-ponzi-scheme-at-small-south-african-bank-becomes-biggest-heist

By using banks for 20 years i have lost close to R1.2mil / $100k. because it's all we had access to.

Then came along crypto where i could be my own bank, what a magical idea. i moved my first business into crypto (the volatility didn't do much because my money was moving fast), and guess what? i was not robbed once! i had access to my own banking that wasnt depedant on jews!

So from that day i started using btc more in my day to day life, it was easy just to swipe my phone. I started paying my rent, my utilities, my entertainment, and even my meals were all payed with crypto..

It's a god sent for those without reliable banking.

you simply cannot do better than the free market.
whatever the Fed policy is it won't compete with bitcoin.

The petro dollar is dead if you haven't noticed the charade Russia and SA pulled at the latest OPEC meeting

Fiat = Bitcoin
At no point did you remotely come close to disproving that.

Actually, what you did say is with BITCOIN there would be no credit--that's all I understood your retard rant to mean.

Then what are you suggesting? The idea that Crypto and Precious metals wont act as a stout economic hedge during a global finical tectonic shift, is just retarded.

Federal reserve = Free Market
wow, just wow

Fuckin based nigger. You are a rare one

BASED
There's an Argentina user who has done something similar who posts here

There is no such thing as “the free market” it’s as utopian a concept as communistic sentiments regarding collectivized ownership in regards to means of production

my point is bitcoin dances closer to the line than the Federal reserve or any country or central bank economics policy can