4chan archive /biz/ (index)
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2021-02-17 11:03 28983728 Anonymous (bellcurve.png 1606x780 239kB)
Well, /biz/? Where do you fall on the curve?

11 min later 28984510 Anonymous
>>28983728 I'm in the .13% that realizes all of life is completely random and therefore use that as a guiding principle to justify gambling on low mktcap altcoins

12 min later 28984562 Anonymous
Im a 112 midwit sadly Still have a stack of LINK though

14 min later 28984703 Anonymous (yugi-oh nigga.png 250x250 123kB)
>>28983728 i like both

14 min later 28984711 Anonymous
>>28983728 this was created by a midwit

15 min later 28984780 Anonymous (1613526241201.png 1888x908 256kB)
>>28983728

16 min later 28984853 Anonymous
>>28983728 I'm at 145 and I am also the inventor of the next store of value, of which I have a patent pending ;)

18 min later 28984934 Anonymous
Explain to me exactly why (without normalfag buzzwords) Bitcoin is NOT a store of value? Gold has been a store of value for humans for about 5,000 years, and we’ve been around for at least 100,000 years (in our current form) - so why is it so out of the question that finally we have a digital store of value that is hard capped and able to transact globally vast amounts of wealth? I only own 1.0075 Bitcoin, so im not some “all in” bitcoiner, but it is clear humanity has decided Bitcoin is a store of value and that it definitely fits that narrative more than a daily currency to exchange, the shitcoins and shitfiat can be used for that, Gold and Bitcoin are more in the same category as both are entities we don’t want to give up or trade for small things, but we will sell them for large transfers of wealth, such as buying a home or land.

19 min later 28985004 Anonymous
>>28984934 Because it has no property to guarantee you utility, it is based entirely on belief (and that is just not good enough in the modern world)

19 min later 28985061 Anonymous
>>28984780 This.

20 min later 28985105 Anonymous
>>28984711 Yep. Both btc and gold are quite good stores of value. I think that this midwit meant to say currency, in which case he would be absolutely correct. t. 140+ iq

20 min later 28985127 Anonymous
>>28985004 All of what you said can be applied to 10,000 others things in human culture. You just buzzworded normalfag midwit fud about Bitcoin....I said not to do that...

21 min later 28985181 Anonymous
>>28984780 I'm at both ends

22 min later 28985240 Anonymous
>>28985127 Some things have fundamentally more value than other things. A glass of water is pretty valuable if you are in the desert. Would you prefer your bitcoin or that glass of water when you are burning up from inside? Now imagine a token that is backed by water ;) and many many other things

22 min later 28985260 Anonymous
>>28985004 What is a store of value then fucking retard? Food or water? Good luck with the logistics of storing food and water for more than 5-10 years. Baka.

23 min later 28985315 Anonymous
>>28983728 dumb image made by a midwit

24 min later 28985380 Anonymous
>>28985260 you are probably incapable of grasping how the interconnected the modern world will be with blockchain technology

24 min later 28985423 Anonymous
>>28984510 This All in life is completely random

25 min later 28985433 Anonymous
>>28984780 It's funny how low and high IQ can be so similar yet express so differently

25 min later 28985471 Anonymous
>>28985240 You already answered my question. Like I said, good luck storing mass amounts of water. Also isn't what you just described a speculative scenario? You speculate that the world will end (good joke schizo) and I speculate that we will have a cryptocurrency based monetary system in the next 30 years. One of these things is the future, and the other is what schizos have thought for hundreds of years.

25 min later 28985491 Anonymous
>>28984934 Gold of the past = Store of value Gold of today (post Nixon Shock) != Gold of the past Bitcoin = Gold of today Bitcoin != Store of value

27 min later 28985589 Anonymous
>>28985471 You need to read my responses better You are putting words in my mouth

30 min later 28985821 Anonymous
>>28983728 im 90 IQ on the week and 145 on weekends

32 min later 28985969 Anonymous (brainlet2.jpg 216x233 7kB)
>>28983728 >I'm going to express my midwit insights alongside this IQ chart to trick myself into believing that I'm smarter than I really am

34 min later 28986146 Anonymous
Where is "Bitcoin is a ponzi but I still invest in it"?

37 min later 28986331 Anonymous
>>28985969 This >>28985589 Please explain to me how you plan to back a currency with water you absolute sperg. Water is common in literally every place in the world that is not a desert and will always be common. I could go outside RIGHT NOW, pick up some snow, bring it inside, and it would melt and I would have water. Water does not work as a way to back currency because it is bulky, common, and prone to picking up filth. Food is perishable, it literally becomes valueless faster than any asset (with some exceptions). Gold is better. It has and always will be a good store of value.

37 min later 28986366 Anonymous
>>28984780 This, bitcoin is going to go up in value before it can be a store of value, once volability ends, bitcoin will be the internets gold. and gold will be the physical bitcoin, buy gold and bitcoin if you want to survive the financial apocalypse.

39 min later 28986547 Anonymous
>>28986331 kek why did you get stuck on my metaphor? why do you think currencies could only be backed by singular things? ever heard of multi-backed cryptoassets?

43 min later 28986806 Anonymous
>>28986331 There are OCEANS full of WATER. >"But muh freshwater" Distillation is technically very simple. Even then, just collect rainwater. Even in life of pi where the pajeet was on a boat figured out how easy water is to get. You are a midwit.

45 min later 28986891 Anonymous
>>28983728 as long as there is a US military, there will be a US dollar and Euro. pisses me off to end when people talk about gold like it has inherent value not derived form consensus. i'm very bullish on bitcoin and ethereum since it is a modern day store of value narrative that can be liquidated easier than gold, easily stored on a ledger, and allows almost instant transactions between parties. that being said, it's not like an index or REIT that pays dividends. like gold, it's just a combination of speculation and hedging against inflation rather than being a pure passive investment that generates cash flow.

48 min later 28987091 Anonymous
>>28983728 I ONLY KNOW I'M MAKING SHIT TONS OF MONEY

48 min later 28987141 Anonymous (1613599390618.png 1606x780 221kB)
>>28983728 Fixed.

49 min later 28987174 Anonymous
>>28984510 fpbp

51 min later 28987285 Anonymous
>>28987141 >gold is physical Bitcoin >gold is continually depreciating against Bitcoin choose one

52 min later 28987355 Anonymous
>>28983728 145 iq +

52 min later 28987362 Anonymous
>>28985105 bitcoin is one of the worst store of value possible. It pumps massively when there's an inflow and collapses when there's an outflow. Few companies buy bitcoin for few billions and it adds hundreds of billions to marketcap. The same would happen in the reverse direction. A store of value must be backed by something. Gold was a store of value when people were forced by the government to buy it (taxes).

53 min later 28987459 Anonymous
>>28984510 Based retard

55 min later 28987585 Anonymous
>>28987285 >Lookin at gold in a timeframe of less than 1 year. NGMI

56 min later 28987655 Anonymous (tc1c2fp0ivg31.png 2433x855 1407kB)
>>28984510

1 hours later 28988072 Anonymous (brainlet-skinny-neck.png 214x236 4kB)
>>28987141 >gold is physical bitcoin

1 hours later 28988294 Anonymous
98 IQ HERE BTC IS A COLLECTION ITEM

1 hours later 28988325 Anonymous
>>28983728 I'm a 120 IQ midwit and my opinion pretty accurately falls between the two examples on that curve.

1 hours later 28988416 Anonymous
>>28983728 Far right unironically the only real stores of value are land, human capital, and ammo.

1 hours later 28988830 Anonymous
>>28988294 I MEANT TO SAY 'BTC IS A COLLECTIVE ITEM' I DON'T REALLY CARE, I JUST BEING AN OPPORTUNIST MAKING EASY MONEY FROM ITS VOLATILITY AND CONVERTING THE GAINS ON EVEYTHING I CAN BUT FIAT. LONGING THIS SHIT IS SO EASY THAT EVEN A 98IQ SHITWORLDER LIKE MYSLEF CAN DO IT

1 hours later 28988907 Anonymous
>>28988830 I'LL LEAVE SOME BTC IN MY WALLET JUST IN CASE THOUGH

1 hours later 28989086 Anonymous
>>28984853 >proclaims 145 dildo size points >patent pending :) 5/8 b8 m8

1 hours later 28989264 Anonymous
>>28984853 are you Richard? if so what dose your high IQ think of NU

1 hours later 28989271 Anonymous (bitcoin reasons for existing.png 1024x545 19kB)
>>28986366 t. bought BTC when it was already 5k. No, you aren't gonna make it.

1 hours later 28989411 Anonymous
>>28988072 bitcoins only exist in the digital domain, and gold only in the physical, its a bit simplistic, but i think it makes kind of sense. >>28987285 this is true, gold mining won't just "stop" some day, unlike bitcoin, where all of them will be mined by 2140, so when bitcoin is no longer speculative it will gradually be more valuable than gold, but im not sure whether this is good or bad.

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