>This completely useless asset will go up in price
>Because someone else will buy it!

>>60558051 (OP)
but it has value

>>60558060
what value does it have ?

>>60558051 (OP)
Prices are set at the margins

>>60558064
it has value

>>60558066
companies doesn't actually do that just so you know

>>60558071
What?

>>60558051 (OP)
Every shitty argument midwits make against btc can be made twice as effectively against fiat, bonds, stocks, etc

>>60558082
yet it made you think of btc

>>60558084
Yes because of the pattern of retard argument and language you used revealing the deep cope that you missed out

>>60558051 (OP)
study supply and demand

>>60558089
what did i miss out on?

>>60558082
Fiat is one thing but are you really claiming that bonds and stocks have no value and are useless?

BTC is basically crypto fiat, it only has value because everyone believes it has value.

>>60558077
IT HAS VALUE

>>60558102
what though?

>>60558097
80% gains on average per year for a decade

>>60558100
They’re not useless. They just can be criticized the exact same way as midwits fud bitcoins but even more effectively. Some number on a bank’s screen saying “you” “own” a “percentage” of a “company”… Bitcoin is not like fiat at all, there is a set supply - 21,000,000 forever.

>>60558082
Fiat (and derivatively bonds/stocks) have value, because the people with the guns that have the power to put you in jail say they have value.

Ironically, this is also why BTC has value now.

>>60558117
Yet even in the United States’ short lifespan, the currency has failed multiple times. Bitcoin’s ledger runs on nodes all over the world and requires no guns pointed at anyone.

>>60558112
>Some number on a bank’s screen saying “you” “own” a “percentage” of a “company”…
Equity is legally ensured, it's backed by the state, and thus their legal and military power, not a bank.

>Bitcoin is not like fiat at all, there is a set supply - 21,000,000 forever.
All Bitcoiners who don't know about the security budget problem should, that fixed cap will kill Bitcoin and will be removed eventually. Right now Peter Todd is the only BTC dev that talks about it, but in a couple halvings it will be talked about and will be another war. As you should know, the side the devs are on (or equivalently Blockstream) will win that war because they will heavily censor the opposition and construct a fake consensus to convince people that the new BTC with no fixed cap is what the community agrees upon. Regardless, the BTC with the fixed cap will die from a 51% attack given enough time, due to the aforementioned security budget issue.

So no, BTC does not have a guaranteed set supply and indeed, it is pretty much guaranteed its supply will be infinite long term like ETH.

>>60558132
>equity is legally ensured
Kek

Your security budget point is what all ETH bros have been saying for a decade yet after each halving the adoption just keeps going up.

>>60558112
>80% gains on average per year for a decade
>Because someone else will buy it!

>>60558117
Fiat has the value that you pay taxes and fines with them

>>60558104
NTA but picrel is OP

>>60558172
You asked what you missed out on. The value of Bitcoin is not the fact that it has gone up. You completely miss the point

Didn't read all the faggot retard posts ITT but the answer is people buy it because it profits. The end.

>>60558163
1. USD != SPX, god you are so stupid.
2. Just because a future problem has yet to arrive (because block rewards are still too large for the issue to present itself at the moment) doesn't mean it is not a future problem. This is like someone saying that smoking will not cause any ill effects long term because, "I've been smoking for a decade and feel just great!".

>>60558195
>>60558197

>>60558202
Who said USD is SPX? You keep regurgitating this point to yourself that the military backs up the value of the shitty currency which is being rapidly inflated and devalued constantly. Wow, what a point. Thanks, genius

They said this at 20 dollars

>>60558082
Op didnt mention btc, you did

>>60558051 (OP)
are you getting paid to post retarded nocoiner cope all day?

>>60558333
who would pay me for that?

>>60558321
to quote myself
>Equity is legally ensured, it's backed by the state, and thus their legal and military power, not a bank.
Equity typically refers to shares of a company, e.g. stocks.

Honestly from my interactions I would say Bitcoiners are the dumbest crypto demographic on average, shitcoin flippers on Solana are more intelligent, ponzi yield farmers on Ethereum are more intelligent, even the Ripple schizos are more intelligent. Bitcoiners don't even have basic reading comprehension.

yeah thats how it works nigger

Only fans whores make more money than blue collar workers, who create value with their work. A star athlete kicking a ball around makes 10 times as much as a doctor. I make more money selling options (moving money around ) than working my job.

Value is a social construct.

>>60558397
>Only fans whores make more money than blue collar workers, who create value with their work. A star athlete kicking a ball around makes 10 times as much as a doctor
Porn is a product
The star athlete is selling 1. entertainment in form of sport 2. advertising

>>60558100
/thread

>>60558051 (OP)
yes thats how everything works
>everyone uses that worthless paper that someone told them is worth something
the game was rigged from the very start

>>60558452
The government makes it have value
They spend this money out in the economy and charge it back in taxes
It's not "someone"

>>60558163
>Pic
Wow that seems really bad for anyone who retired in 1900 and has left all their life savings in cash since then.
Nominal prices don't matter, you fucking moron.

>>60558104
look it just has value ok

>>60558580
what value?

>>60558051 (OP)
Yeah and I haven't been wrong yet.

>>60558422

His point,
>value is a social construct.
therefore fiat value best correlates with social value.

Gold had zero intrinsic value for 10,000 years until it was used in electronics.

It’s funny arguing with autistic people that don’t understand psychology. Something has value if it’s generally agreed upon that it has value. This isn’t deep at all.

>>60559052
Gold has had intrinsic value since before humans existed. Animals are naturally drawn to shiny objects.

btc nerds will have to wait 10,000 years for cryptos use case

BTC is a fixed unit of account, Trustless Money, we can finally measure all by all, there is no way to guarantee more BTC by holding BTC. Hyperbitcoinization has already happened, the world just hasn't realized it yet. There's no need to use BTC as common currency to fix systemic economic calculation, as everything can be measured against BTC, and BTC can only be acquired through voluntary trade, as such we can use the whole of global finance as our L2. The magic of economic solutions is you neither need to believe in them, nor understand why they work, for them to work.

>>60559154
>BTC is a fixed unit of account
Lol
Lmao even

>>60559052
>value is in the mind
Ultimate midwit take.

To believe such is to believe value, and therefore price, are arbitrary, yet price carries information. How can price carry information if price is arbitrary? It cannot. Ergo, price, and therefore Value, cannot be arbitrary. Indeed they are not, both are mechanical, the product of supply and demand alone.

Economic units have demand not because of belief, but because their supply properties allow demand to alter price primarily instead of supply, enabling economically useful functionality such as Store of Value and other economic abstractions. This is why grain et al, despite having great “intrinsic value” and near-universal acceptance performs poorly as an economic unit, grain has huge elastic supply so increasing demand results in increased supply, instead of increased price, preventing the encoding of economic state information into the price of grain and therefore preventing the use of grain et al as an economic unit.

Gold has been used as an economic unit since antiquity because its low elastic supply render it a fine natural approximation of a unit, but it still possesses elastic supply, bitcoin surpasses gold primarily by possessing perfect inelastic supply, while network effects keep BTC ahead of newer imitations as they fail to improve on the systemically important properties of bitcoin.

>>60559161
Which fork would dominate, infinite supply bitfuck or OG 21m BTC? As I said: “The magic of economic solutions is you neither need believe nor understand them for them to work”

Money is commonly explained as a solution to the Coincidence of Wants, but why do we wish to trade in the first place? Why not take what you want by force? Because we’re “good people”, or bound by a statist fairytale “social contract”? No! Because trade (voluntary exchange) is positive sum. Money, then, is not Medium of Exchange, but a facilitator of voluntary exchange.

This is what John Pierpont alluded to when he opined “gold is money, all else is credit”, not that gold had any magic “moneyness” as the shiny rock fetishest believes, but that gold could be trusted, while man could not. Nature provides a fairer game than man’s promises ever could.

Bitcoin goes beyond gold: fixed supply, transparent ledger, non-physical & weightless. Nature’s perfect game, not mere happenstance of natural properties, but fixed and defined through Her immutable mathematics. Not the use of a physical good for an abstraction, but the abstraction itself, the platonic ideal of Value made cryptographic flesh. Not a facilitator, but a guaranteer of voluntary positive sum exchange in-the-limit, protected from the diseased slaveminds and the parasitic oligarchs by an impervious firewall of voluntarity.

Statists don’t understand bitcoin, but they fear it. For good reason, as they are of the Adversity. They see the sword of Damocles above their heads, feel the noose tightening around their necks, and beseech their false god for “bitshit to go to zero!” or a comp’d shitcoin to usurp the King, all in a futile hope of prolonging their parasitism. Their prayers will go unanswered, their god is dead, only We, the superorganism Economy remain, and We are guarding all the doors and holding all the keys.

Shhhh, no tears little statist, only gravity now.

>>60559216
>Which fork would dominate, infinite supply bitfuck or OG 21m BTC?
whichever one the devs and mods at /r/bitcoin and bitcointalk support, which would be the infinite supply one due to the security budget problem.

btw BTC was meant to be a p2p digital currency, not digital gold. The digital gold narrative was a successful takeover of BTC.

>>60559225
>meant
How’d that work out for Ver? He’d be one of the wealthiest people in history had he not turned his back to Minerva and Her divine price signal

>r/bitcoin and core devs
Neither have privileged access to the Holy Ledger, slavemind. OG BTC wins in-the-limit as price is the mechanical product of supply and demand alone. Open your eyes to empirical reality and free yourself from the memetic parasites you’ve hosting, anon.

>>60559301
I'm not sure I'm the one with the memetic parasites lmao

>>60559216
who will continue mining in 2050 or whenever the block reward goes to zero?

>>60558082
This is your brain on Bitcoin