Why do you still hold fiat, user?

Are you some sort of Jewish slave?

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>why dont you hold ponz schemei money instead goyim?

>Two words
Futures contracts

Because Bitcoin is overpriced at $7395, sure it has it's use, but not at that price.

Fiat is backed by governments, central banks and societies. With militaries, with a public mandate, with predictable power transitions and long term policies etc. Your internet tokens are a meme.

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Governments are a meme, especially Straya's.

It's a limited asset in a world of infinite fiat.

Saving fiat is risky because inflation can turn your life savings into NOTHING without warning.

Damn, it was $7k like yesterday

Support fiat if you like
> Dropping bombs on children in the third world
> Flooding western nations with immigrants
> This fake democracy with theatre to keep us busy
> depression
> degeneracy

Use blockchain and cryptocurrency if you want
> Democracy
> liberty
> self determination
> self actualisation

TO ALL THE CENTRAL BANKERS AND GLOW NIGGER PETS FUCK OFF WITH YOUR SHIT MONEY BLOCKCHIAN IS THE FUTURE WE WILL TEAR DOWN YOUR CORRUPT PEDOPHILE GOVERNMENTS!!!

>intangible money

Sounds like another jewish trick

Miners require GOLD semiconductors you supreme shlong sucker

All taxes are a lie to keep the game alive.
That game is that fiat has any value at all.
They think value comes with government violence but power is bottom up and always will be.

Central banks price fix credit and manipulate the entire market for the benefit of a few in power destroying you're home and culture. Don't like it goy, then they will flood your country with immigrants. They bribe politicians since they cannot do anything without the credit stream. So who is truly in power the elected officials who try and make fiscal policy or the people who control every aspect of the economy.

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>It's a limited asset in a world of infinite fiat.
not when they just make new shitcoins every day

remember when the stock market briefly collapsed and bitcoin didn't go up in value?

Bitcoin is fiat. Fiat that isn't even backed by any central government.

We used to have something like it when I was a kid. We called it monopoly money.

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ironic considering how an international order built on autsrian economics has needed the taxpayer to bail it out twice in a decade

You have a limited understanding of what a decentralised blockchain is.

Code on the blockchain cannot be changed.
If you make a crypto currency and say it has a maximum supply of 50,000 coins.
Then no one can change it ever, its immutable and unchanging for all eternity, not even god can change it.
Cryptography prevents it and would need a super computer running for 60 millions years to solve the problem, and when it does they can just increase the complexity of the encryption.

The GFC was a Keynesian economics deficit spending issue, this is not an Austrian economics problem.
The only true Austrian economies are blockchain once with fixed supply of credit, or potentially those with a constant fixed inflation rate.
Please give me one example ?

yes, im aware. but someone will just come out with a new coin, making other coins irrelevant. btc just has first mover advantage ATM. and it also tanked along with the stock market and gold, which all the crypto fanatics thought would be the opposite. sure, keep investing. to the moon soon no doubt. at best it is speculation, nobody actually "invests" in bitcoins.

>Bitcoin is fiat. Fiat that isn't even backed by any central government.

Wrong fiat is centralised and controlled by a corrupt central authority.
Blockchains are controlled by no central authority and subjected to free market competition.
This is not the same as a state putting a gun to your head and demanding it has value.
Please stop with the glowposting its weak.

>reagan and thatcher were socialists

Based

>Nobody actually invests in bitcoin
> The bitcoin blockchain is worth 135 billion dollars, close to what nexflix is worth.
> The Ethereum blockchain company is worth13 billion dollars and you can live exclusively of it in Europe countries.
Would you say a company that is worth 13 billion dollar to be worthless, people are investing hard in it and working hard in it. Do you listen to the jew box media all day?

Also China is heavily aggressive in this space and our governments need to get their shit together to have western values brought into this decentralized future or we are all fucked.

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Keep having faith in your monopoly money. Your faith is the only thing giving it value.

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In a year and a half you’ll wish you bought at $7395. Cap this if you want, I don’t really give a fuck.

only when bogdanoffs died i will buy bitcoin

>Keep having faith in your monopoly money. Your faith is the only thing giving it value.
Not true faggot I will take bitcoin as the classic example.
To produce one bitcoin you have to solve a math equation, these math equations are very computationally expensive.
Which can be translated to work, work done by a computer requires electricity and you guessed it electricity costs money in the real world.
This is the true genius of crypto, it can translate real world value into the digital space.

> NB - 1 bitcoin requires 1,000 dollars of electricity to produce and that without all the computer parts needed.

I have been working in the space for 5 years.
I have Watson AI that reads twitter posts to give me the normies emotional responses to the market.

>Not true faggot I will take bitcoin as the classic example.
To produce one bitcoin you have to solve a math equation, these math equations are very computationally expensive.
Which can be translated to work, work done by a computer requires electricity and you guessed it electricity costs money in the real world.
This is the true genius of crypto, it can translate real world value into the digital space.

So why doesn't GTA5 money have real world spending power? It needs electricity and math to exist too.

Omg, do what you want user. I wish you luck with your monopoly money.

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> So why doesn't GTA5 money have real world spending power? It needs electricity and math to exist too.
GTA is a game that has a central authority who can print infinite amounts of money, just like the banks who can produce infinite amounts of money out of thin air.
The only way to produce a bitcoin is to solve the nonce. This cost 1000 dollars, if bitcoin was like gta the owners could just produce millions of bitcoins for them selves why everyone else would be working. Just like our current economy.
>Omg, do what you want user. I wish you luck with your monopoly money.
You too user, enjoy your chains

> has no idea how broken cockhain is
cringe and idiot-pilled

> math equation
Not a money equation?
> imblyign the authors of the system don't already have the keys to their own kingdom
ishiggy
you people are comedy gold

>cringe and idiot-pilled
I can code and have examined the source code.
> Languages i am proficient in C++, Javascript, solidity and WASM.
The technology is not broken the cryptography to the best of my knowledge is sound.

You do not grasp network effects and security, btc IS the standard, hf holding ur toilet paper

Blockchains are open source and have a free market. No one owns them, the keys are not crackable.
Are we only going to have glow posts.

Cant we talk about how blockchain can be used to create a transparent government fiscal policy that is held up by democracy.

>I can code and have examined the source code.
No you haven't. Unless by examined you mean "glanced over it, didn't really get it then stopped after 5 minutes".

So if it costs say $1000 to produce one, why were the millions initially offered cost pennies?

Also, why isn't it worth roughly a $1000 and directly tied to the electric commodity?

... because it's all faith based bullshit. It's religion, not money.

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did

sorry it's to early on this side of the sphere for this bullshit lol

Very very simple reason. Go to 50 stores of your choice around the area you live and ask if they accept any crypto and if not what do they accept instead, and whatever 95% of those stores accept is what you should use. Hint: it's not faggy worthless crypto.

Isn't Trump about to ban all encryption code in the US to suck even more jewish dick?
It'll be illegal to switch it to fiat or use it in any way where you can get caught.

I'm not going to put any real part of my estate into something that can loose 20% of it's worth in an hour. I'd be fucking insane to do so.

The liquor store down my street accepts slv. Not even kidding.

>you in 1998
>"streaming HD videos with the 'internet'?? ahahahahahaa"

Do 95% of 50 stores around you consistently accept all the same coin? Doubt it.

Yes
This guy works for a bank
This guy will never make it
This guy will buy at $50k
This guy is a bootlicker
This guy cares about what Jews do
This guy is based
This guy will never own BTC
This guy gets it
This guy has 2 digit IQ
This guy is a boomer
Again, this guy gets it
This guy can't into fundamentals
This guy thinks stocks and BTC are correlated
This guy is a two digit IQ boomer
This guy is based
This guy is shilling or shitposting
This guy already made it
This guy is a Jew. He is projecting, speculating and implying that NOBODY verified the code
This guy thinks crypto is here to replace fiat
This guy is a Jew and thinks everything revolves around the US.

> So if it costs say $1000 to produce one, why were the millions initially offered cost pennies?
Diminishing return, speculation

> ... because it's all faith based bullshit. It's religion, not money.
describe entire fiat economy

>This guy is a Jew and thinks everything revolves around the US.
OP has an american flag. It's an especially stupid idea to get into crypto there right now, while that's still not settled.

fiat money is backed by armies, crypto is backed by fairy dust

I fully agree fiat is bullshit. That's the point I'm trying to make to you. Bitcoin is fiat.

Commodities and land are what is truly valuable. They can be traded into whatever make believe money that is popular now, or in the future. Or directly traded for other commodities or land.

Look at TP or N95 masks as a recent example of how valuable commodities can be.

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Don't trust this Glow nigger !

Ok I have my 1 bitcoin what do I do now?

Can't ban P2P or encryption. There will always be the OTC market

Lol rush is over dude, only people that are still in are newbs. It was a joke from the beginning, of you didn’t get in under a $1 you are a newfag

Holding bitcoin now is a good hedge against a failed dollar. If you're too poor to be diversified, then maybe you should buy bitcoin anyway. Becuase it might moon again fags

The plan is to ban any legally run business to touch it. That would significantly limit its use.

>So if it costs say $1000 to produce one, why were the millions initially offered cost pennies?
at first they cost pennies in electricity but the more there were the longer the computations needed to produce the next one, until it takes $$$ worth of electricity

>
> fiat money is backed by armies, crypto is backed by fairy dust

Power, no matter how much the glow niggers tell you is bottom up. We the people hold true power. And as such if the people do not value fiat. The armies will not work for centralised authorities. Blockchain is our way to fight back against these tyrannical governments who murder children and deprive fathers of their kids.

Because bitcoin is inherently unstable, gets pumped and dumped constantly, has been hacked multiple times, literally no one takes it but some boutique trendy shit shops I'd never go to, and when Mt. Gox ran off with everyone's money I was reduced to 1/8 of what I invested. Then there were the alt-coin debacles like ponzicoin that was literally a scam from the get go. Insecure, unstable, any criminal asshole can start an alt-coin and hose you.

I ask you - WHY do you hold this shit? Fiat is more stable than this, and if fiat goes tits up, I can't cash out to anything BUT fiat. I'm not a Jewish lolberg mark, thus I don't have anuscoin.

Bitcoin is not fiat it's not centralised.
I am not interested in owning anything that this government can take away.
Governments do not protect property they only protect the elites and their glow nigger pets.
You are nothing and as such should not play their game its a fools game to contribute to a system so obviously corrupt and evil.
> drops bombs on children
> pedophile government coverups
The list goes on and on.
No thanks an anonymous decentralised future putting the people and western civilisation first is what I want to see.
Not some dystopian power struggle its time to decentralise all power and remain free from this evil known as five eye nation states.

I have 0.1 buttcoin, bought it at ~$400 usd, now they are worth ~$740 usd. Im planning to buy more, but first I need to get some silver and maybe buy some stocks.

Lmao this ponzi just dumped to 3600 recently you idiot. Anyone holding this scam shite is going to get dumped on for huge losses in due time.

>didn't buy the dip at 5k

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How desperate are you to get others in on your pyramid scheme?

Shitcoin dumped to 4k and below when stonks dumped loool. Enjoy your 50%+ losses in due time.

Memes can't kick in your door and murder you.

Now you're just getting angry. I'm just trying to show you there is another side to your bitcoin.

Honestly. I hope it all works out for you. I don't want you or anyone else to fail.

I'll leave it at this. Don't put all your eggs in one basket user. Stay safe and stay healthy.

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>Because bitcoin is inherently unstable, gets pumped and dumped constantly, has been
> Low volumes and also the price of freedom in a liquid market.
> hacked multiple times,
Lies and glow postint, please stop its cringe.
>literally no one takes it but some boutique trendy shit shops
Bitcoin is worth 138 billion do you not take that seriously?
Mt. Gox ran off with everyone's money
> was a centralize exchange
>I ask you - WHY do you hold this shit? Fiat is more stable than this, and if fiat goes tits up, I can't cash out to anything BUT fiat. I'm not a Jewish lolberg mark, thus I don't have anuscoin.

Bitcoin is freedom, fiat is dead children, mortised anguish and central banks destroying our culture and home with mass importation of the third world to continue funding a war for some empire game that should have died along time ago.
Thats why user thats why you fucking parasite that manipulates and persuades normies to fuck them selves by following a psyopps built from hate.

>”Let’s use bitcoin as a decentralized payment system”
>Starts buying the literal equivalent of Grug rocks hoping for future appreciation over fiat money
>Crashes because of no inherent value
>Basically no shops accept them
LMAO at coin fags

So is silver, and it doesn’t stop working when the power goes out.

I am not angry, I just hate tyrants who shill a system that supports evil.
When a man screams on the floor because his child's eye hangs out of his head because of some bomb that was dropped on some sand niggers who have done nothing to anyone.
You realise that the dollars and taxes you pay support murder, and you glownigger are going to hell if there is one.