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2021-02-08 02:47 28087868 Anonymous Where’s the lie? (90A629B3-BEA1-40C3-AC67-1A198D4BD039.jpg 1125x1202 929kB)
Ever since I saw this anon’s post about BTC, I’ve found myself thinking about it often. Can anyone tell me where this is wrong? It seems like BTC has value due to people speculating that it will be the “future currency of earth” (recently said by Elon musk), yet if you use Bitcoin to purchase anything you’d be an idiot. It just a FOMO bubble or does it have a real future?
1 min later 28087960 Anonymous
>>28087868
You wouldn't buy pizza with gold bullion either
1 min later 28087984 Anonymous
>>28087868
i just prefer it over gold
2 min later 28088023 Anonymous
We are in the “distribution” phase, where price is volatile. This will last about five more years after which time things begin to stabilize. In 10 years BTC will be very stable as most of it will have been apportioned.
2 min later 28088027 Anonymous
I feel that these posts are designed to make biz users either feel skeptical about crypto or invite further conversation.
You're better off posting your blog on Reddit
3 min later 28088136 Anonymous
>>28087868
Bitcoin is a replacement for gold, not for currency. Due to the nature of how blockchain transactions are tracked it has some benefits over gold as a store of value.
4 min later 28088157 Anonymous
>>28087960
I buy stuff with btc any time it’s an option, so a few times a year at least. My approach is to buy whatever with btc and then immediately buy at least twice as much btc using fiat.
5 min later 28088301 Anonymous
>>28087868
You've got to understand this is new territory that's evolving. I'm sure people have said btc would replace fiat at some point but now that isn't as likely. Btc can be a store of value that will stabilize more with time. Just like gold, people, especially countries hoard gold and silver. It's not really used to buy things but it's a good storage of wealth. There's only 21 million that can ever come into existence. Taking into consideration how many people are in the world that's a tiny amount, and consider all the lost btc it's even a smaller amount.
Chances are blockchain will replace a lot of the financial world, and we will have cbdcs along fiat. And other crypto which could be come more acceptable from retail. Maybe quantum computing will btfo crypto in the future and it all goes to nothing. Who knows. But it's looking pretty good right now.
7 min later 28088417 Anonymous
>>28088136
No government is going to pay out of their ass for bitcoin. They'll just make their own and ban the competition. International trade union cryptocurrencies.
8 min later 28088498 Anonymous
>>28088301
cbdcs will be fiat
quantum resistant cryptography will emerge.
12 min later 28088730 Anonymous (IOTA Basics.png 1179x780 414kB)
>>28087868
Bitcoins original idea was to be a currency, however it is obviously not. This means the race for crypto-based currency is still on. IMHO only feeless, scalable projects will have a shot at this position. Thats why Im all-in IOTA
12 min later 28088765 Anonymous (1611277429777.png 454x801 444kB)
The real currency. Really being used as a currency, as we speak.
13 min later 28088863 Anonymous
>Oh let me pull out my calculator
>that will be .00009547733 Bitcoin for your pizza sir
14 min later 28088923 Anonymous
>>28087868
XLM will be the gold standard of payments in the future.
It handles mor tps than both retard card and Visa combined with 1/10,000th of a cent for transfer fees.
17 min later 28089135 Anonymous
>>28087868
1. People "invest" in currencies by trading forex all the time. You are basically "invested" in whatever currencies your bank accounts are denominated in. Ask Argentineans about their dollar-denominated bank accounts back during the peso-dollar parity days. :-(
2. Bitcoin can be and is used for purchasing stuff. I'm putting together an order for electronics right now, and will be paying with my massive Bitcoin gains, which are from spare satoshis off purchases I made of electronics back in 2015. Thanks to Elon today, the extra couple of bucks I had left over from buying LEDs from Adafruit are now worth roughly 220 times more than what I paid for them back then.
18 min later 28089232 Anonymous (Feeless-animation.gif 600x338 1809kB)
>>28088923
How about zero fees combined with smart contracts, tokenized assets and data-transactions on the same protocol?
19 min later 28089301 Anonymous
>>28087868
BTC will eventually be a good currency. We can already see that there are somewhat of diminishing returns with BTC every cycle. Eventually it will be moving +/- 2% and that would be considered huge swings. When this happens there will be less desire to hoard, and people will be happy to use it as money.
Until then, people will probably prefer stablecoins for spending and BTC for storing value/investing. I dont know why everyone immediately expects BTC to be a world recognized currency that everyone accepts this early in its life. It will get there eventually and that will be when everyone finally starts using lightning in mass to to only pay 1 sat for transactions.
29 min later 28090067 Anonymous (Screenshot_20210208-003218_Reddit.jpg 1079x767 641kB)
31 min later 28090251 Anonymous
>>28087868
>hoarding
no this argument is incorrect. all deflationary periods in the US still had robust economic growth. nobody hoarded US dollars. the simple fact is, the satisfaction of wants takes over. at some point, you don't want that $3 that keep appreciating in value. you want 12 rolls of toilet paper. you deliberately choose not to wait until $3 buys 13 rolls, or 16 rolls, or 24 rolls, or even 100 rolls.
only fucking morons would wait. and for that same reason, only fucking morons believe the "deflation causes hoarding" argument.
37 min later 28090722 Anonymous
>>28087868
I bought a few steam games with BTC back in eeearly 2017
thinking of it now, those are fucking expensive games now.
40 min later 28091015 Anonymous
>>28090722
When you spend your Bitcoin, you buy more
TF is wrong w you
40 min later 28091057 Anonymous
>>28087868
What is a currency? Something that is used for every day transactions. Are shells a currency? They were. Is bitcoin a currency? Not yet.
What core features must things have to possibly become a currency? Good store of value (tulips failed here), hard to come by (shells failed here, fiat fails here because of printing presses), divisible (gold failes here somewhat), easy to transfer (gold failes somewhat again).
Bitcoin fullfills most of these points. Crypto as a technology is capable of solving all of these points and more. Will bitcoin be THE new world currency? Maybe. Will there be a crypto based world currency sometime in the future? Most definitely.
43 min later 28091333 Anonymous
>blockheads should research blockchains
46 min later 28091533 Anonymous
>>28087960
Gold bullion doesn't claim to be currency, but from the invention of pizza up to about 70 years ago, you most certainly would have bought pizza with silver. And if you have bought enough pizza, you would have done it with gold.
47 min later 28091622 Anonymous
>>28087868
Nothing will replace fiat currency because government has ultimate control over physical distribution of goods and can ban trade in crypto. What they can't ban is people going in and out of crypto and using crypto for loans, deposists, transfers, store of value, etc. It's the ultimate tool to build financial instruments on top of. But no you won't buy an orange with it in the shop. You'll get an insurance with it though, or a mortgage, because it will offer you a better rate.
47 min later 28091654 Anonymous
>>28088765
I agree. But Monero is not very user friendly. It needs better wallets and UI.
Bitcoin is the perfect store of value in the digital age. Monero is the unironic fiat killer
48 min later 28091737 Anonymous
>>28088863
Do you faggots even remember how the value of Bitcoin was established for the VERY FIRST TIME???
Some pizza shop accepted it for a couple of pizzas.
50 min later 28091913 Anonymous (sjzknr8h77dz.png 2604x700 314kB)
>>28087868
Bitcoin is the reserve currency, Doge is the float currency
50 min later 28091919 Anonymous
>>28091654
Nothing is a fiat killer because the government can regulate whether retail shops accept monero or not. No shop is going to risk breaking the law just to trade meme coins.
53 min later 28092163 Anonymous
>>28091913
Yes that's ETH. ETH 2.0 really, because 1.0 is a bit shit. And even it will only be usable within the crypto space, retail can always be regulated. You'll have to go in and out of crypto. Putting money in crypto would be like putting money in a bank deposit, easy to do but makes that money "locked away" until you want to get it out and into real economy again.
54 min later 28092232 Anonymous
>>28091737
No, some dude in England received 10k BTC to order 2 papa johns for a dude in Florida.
54 min later 28092252 Anonymous
>>28091654
Really you think so? I think MoneroGUI is really clean, then there's CakeWallet for the more normie phone guys. I agree that it's not very user friendly outside of that, though, but I think a normie looking at MoneroGUI vs say Electrum, MoneroGUI is alot more appealing.
>>28091919
How are they going to do that? Genuinely asking. I think Monero is a great solution, say, this new administration puts alot of pressure on guns, which they are going to, Visa starts fucking online gun retailers, these retailers accept Monero, it is decentralized and private, no one can peep into who's buying. What can the govt do about that, that isn't grossly violating freedoms, if it comes to that point and people aren't waking up to the overreach then we might just be truly fucked.
54 min later 28092298 Anonymous
>>28087868
I bought some drugs with btc yesterday, consider your point refuted
56 min later 28092475 Anonymous
>>28087868
I bought a years subscription to a wn podcast, a 4chan pass, and Brazilian estrogen with btc.
57 min later 28092581 Anonymous
>>28092252
>How are they going to do that?
What do you mean how? You go into a retail shop, ask if they accept monero. If they say yes, you put them in prison. It's not hard to regulate retail.
>grossly violating freedoms
Look around you, normies will accept this regulation because don't you know that monero is an evil coin for white supremacists and if you use it you hate women? Why would you want to use it? Don't you LOVE the government? Well you must be evil then
1 hours later 28092810 Anonymous
>>28087960
That's why paper claims on gold, e.g. money, were invented.
1 hours later 28092956 Anonymous
Because its not society implemented yet. Some stores already take bitcoin. When it becomes stable thru technological growth, your us dollar will be rendered useless.
1 hours later 28093379 Anonymous
>>28088417
If they could just shut it down they would have sometime in... Maybe the last 12 years.
1 hours later 28093387 Anonymous (1510221613506.gif 640x480 4142kB)
>>28092581
>B-BUT THE GOVERNMEN-
1 hours later 28093492 Anonymous
>>28087868
but bitcoin is designed to be spent, which is why it can be exchanged
kek
1 hours later 28093509 Anonymous
>>28092232
this
how retarded is this place now why do you have to say that
1 hours later 28093518 Anonymous
>>28092581
If you go into a shop you might as well pay with fiat. The actual application for Monero is that its like cash but digital. You literally can not trace it.
If gun selling turns into a black market, it will be extremely lucrative and eventually people will find ways to circumvent attacks. Some will have to bite the bullet, but 90% will get away. Crime always pays, and with monero it pays doubly so.
I dont hold Monero but I believe it is the best token for actual usage.
1 hours later 28093520 Anonymous
>>28092581
Personally I believe giving up hope like that so easily just because you believe a small set of people are going to eat narratives is almost as bad as eating the narrative. I also don't see the narrative being pushed at all. Spunds like some really abstract thing you have going on in your brain. Once something gains popularity it will be hard to stop. Already hard to stop wtih DNM's. More people just need to discover it's use. They can't lock everybody up.
1 hours later 28093708 Anonymous
>>28088027
>or invite further conversation
You really think? Damn, what kind of a faggot would do this on a message board?
1 hours later 28093823 Anonymous
i have bought many things with bitcoin
1 hours later 28093826 Anonymous (1612498843094.jpg 1033x670 90kB)
>>28093708
Answered a 10000 times by now.
1 hours later 28093901 Anonymous
>>28087868
low iq take and many logical fallacies, especially his last sentence. why even bother what a /pol/ tard says? he doesn’t know shit
1 hours later 28094011 Anonymous
>>28093520
Agree. The thing is that people eventually are pushed to illicit behaviours. I dont support the gun laws in the US, but I realise the symbolic power behind it.
I dont like drugs either, but I am not so short sighted to believe that the government should have their hands in these things. The US government is unironically the most subservient, neoliberal shitfest ever, no matter the party, theyre all gigantic opportunist liars and conmen. It all began with Kennedy and got worse from there. The US is a capitalists dream, why? Because capital reigns, and capital mixed wirh politics is the worst thing for citizens.
Bitcoin and Monero will win
1 hours later 28094092 Anonymous
>>28088730
This; NANO or IOTA. BCH also has much lower fees so even that is better than BTC. The recent Musk transfer of $1.5 billion feels like a waste to me, like the idea of it being the best digital currency is a joke if you look at other projects. It makes me feel like Musk is being irresponsible with his money
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