Ok, but what does it do?
Ok, but what does it do?
Keeps you from buying silver.
Based
It is a digital replacement for gold, ergo, digital gold. It has the liquidity and convenience of fiat with the higher security and inflation immunity of a physical store of value. It transcends borders and any attempts to introduce competitors fail because they all splinter off and strengthen Bitcoin's use in comparison. Due to rates of adoption at the institutional level, it is now increasingly fundamental to larger and more numerous firms by the day. The only logical conclusion to all of this is that if governments want to stay relevant and take a piece of the action, they have to start stockpiling their own shares of bitcoin, which will skyrocket the price - making the first governments to start doing this in a far more powerful and dominant position than those who get on the train last. Hence, it's only a matter of time before the fuse is lit. Hyperbitcoinization. Strap in, lil nigga.
Makes early adopters rich by attracting suckers to buy at the top
Makes trannies, Jews, lefties and all other manners of subhumans seethe
200k stablecoin
it takes care of the parasites who manipulated money supply (and controlled gold by exploiting its weaknesses)
That's the neat part, it does next to nothing. However, the masses and even Blackrock CEO's will believe it does something valuable if enough other people say it does.
it teaches you not to trust the bankman.
The definition of a bubble, don't get me wrong, this shit will go to 240k top but ffs, the regardness of the bitchuds cult is hilarious!
Still bitchuds sucking us gov, trump, blackcock and cexes....
At least on this kumis fermenting forum, I am not on Twatter or anywhere else.
It makes you realize that shit is overvalued, inflated and yet retards and billionaires continue to throw money at useless shit in their endless greed.
Makes shitcoiners, jews and central bankers shit themselves
BITCOIN IS KING
This is just reddit mumbo jumbo. It isn't a security, it can't be "overvalued". Its value is based on supply and demand. It has fixed supply and rising demand due to its properties as a storage of value.
It's over 6 figures and scum like you STILL don't understand why people value it. Keep sucking at the teat of central bankers.
It has fixed supply
Lol. 1 btc can be divided into 100 million satoshis. In the future a normie might buy 100 sats for $1000
Your mom.
It's only utility is....... Payment fees to use a highly inefficient payment network where you can only transfer 1 currency (BTC). And keeping central exchanges alive. That'll be $2 trillion dollars sir.
Yeah, El Salvador is a world power now that it has Bitcoin
I just made a coin, it's called the Dickcoin, and each one has a value of 1 GAZILLION DOLLARS. There's a limited supply, I keep half of it, but the rest can be obtained by everyone FOR FREE. To get it you have to join my botnet and lend me your computer power to do maths (allegedly).
Sounds stupid? The only difference between it and Bitcoin is that idiots fell for Bitcoin.
But it's going TO THE MOON!
Yeah like fucking tulips in the 17th century. At least you could eat the tulips when it all crashed down lol
Yes, that's the narrative for the current cycle. I remember all the other ones, too. And I'm sad I didn't sell in 21 like my buddy, because it's barely above inflation. Whales better remove liquidity from the exchanges now to simulate more value.
The question is why people still value it at this piss poor long term performance.
As I wrote above, they better create a new big ATH, or everyone looks at the saturation curve.
It prevents some of my net worth from being arbitrarily confiscated or frozen.
Transfers wealth from retards to other retards until the last retard standing is left holding the bags .
Americans don't have words for a mathematical concept that only exists in other languages, poisoned growth, where some system grows and then shrinks again.
The most they can think of is their S curve.
What does a share in Apple stock do?
Oh it's "a part of Apple"? Well, what does that do? Does it pay you dividends because you own a part of the company? No, and no one ever expects them to pay dividends?
Well what are you possibly going to do with it? Oh you can vote in stupid shareholder elections and have 1 in 15,000,000,000 (yes actually) say as to what happens. This is worth nearly $200 to you? Ok.
why not just tokenize the gold
Bitcoin has no purpose, it is a new thing, a trustless intangible ledger, and can be used for new things.
We can use btc for at least two priceless functions:
1) We can encode the price of money into btc via aggregate demand for “economic unit”, in doing so creating a Trustless Price Signal of Money, i.e. THE economic reference point. This massively increases the efficiency of economic calculation.
2) Trustless intangible Store of Value: SoVs pre-btc either had to be physical or trust-based, both are subject to seizure, this provided negative sum actors (NSAs) a HUGE systemic advantage as NSAs can specialize exclusively in force, with a trustless intangible SoV we can guarantee voluntary exchange in-the-limit as btc can be made unseizable (multi-sig) and is infinitely more resistant to seizure by default.
Further, while not priceless, BTC will drain abstract economic demand from assets with functional use (land etc) freeing them for productive use.
this
it's all one big ponzi that has spawned junior ponzis
make some wealth off of it while it lasts, I think it has at least one or two more cycles left but who knows when the music stops
Tokenizing does not render an asset trustless nor does it alter Au’s elastic supply.
it's cash
Bitcoin has no purpose
delusional tech illiterate post
bitcoin is cash and it has the highest cash attributes of any money ever
why not just trust JPM?
kill yourself retard
It's an extremely slow and expensive blockchain. There are many ALTS that do leagues better, but the market doesn't care. Sigh.
user of the protocol have decided to use btc as their cash money
"hurr bag durrr"
one day you will understand... maybe
It does not possess the technical capacity to serve even one country as cash, el salvador is hardly using it and the wallets are propped up by altcoin technologies.
the most efficient trustless money there is
but but but trustless is not worth that...
correct
it's worth 5 billion times more
one day you will be FORCED to use it, because people won't accept whatever the fuck is in your nigger monkey wallet
lol
scale isn't and will never take priority over trustlessness
go look at BIP300 if you want a fuck huge scale
Truth machine
trillion dollar meme coin 0 utilty.
FORCED to use xrp
fixed it for you
it gives you a key and a number assigned to that key
this key gives you the right to reduce the value assigned to this key, to increase the number assigned to some other key
that's all it does
It's secretly brute forcing sha-256
if apple goes down you are entitled to part of the free cash flow in apple's bank account. If bitcoin goes to zero your village is entitled to no curry rajesh gupta afzel. so many jeets on this board now
two words: fiscalization cost
holy shit you're retarded
It turns electricity into heat
It has fixed supply (tm)*
*until the security budget runs out
why "bitcoin" then? is the notability? furthermore what makes you trust the future integrity of the codebase?
pretends to be something its not, just like peter joseph, reeddit and the bitcon....the trifecta of creation via subversion
And possibility of the pennies left in a collapsed Apple bank account, if it collapses, is worth $200 to people?