jews can't debase it

>>60578195 (OP)
Mass delusion.

where does the value of a paper money come from?

>>60578195 (OP)
It's magical weightless, unstealable, unprintable teleport money.

>>60578195 (OP)
You'll see rampant price inflation in any asset the government cannot simply print into existence at whim to pay for itself.

>>60578195 (OP)
Massive purchases by Saylor and her evangelistic work, which are doing what they have always done: giving their money to the rich.

>>60578195 (OP)
from the eyes of the beholder like all other value

>>60578269
muh funny internet tokens topkek
>tulip mania II

>>60578330
Every currency of value is subject to the "Tulip Mania" effect

>>60578195 (OP)

Limit trades.

I'm (almost) divorced
My ex-wife and her lawyer can't access most of my money because I transferred almost everything last July (and now it's like 40% more lol)
If I cash out I'm fucked of course, but I can always run away the country.
That's the value of bitcoin

>>60578344
precious metal can be taken away from you, cryptos cant

>>60578195 (OP)
all i know is that some dude that goes by the name of "Satoshi Nakamoto" knows more about it than i do, i suggest seeking him

>>60578344
METAL VS PAPER:
>divisibility: "coinage" vs 1-100
FAKE. I can sell you 0.000000001 grams of gold and you will slurp them like a good goy.
>independence: "in hand" vs "printed"
the alchemy crashout when we find out how to synthetize cheap gold is gonna be awesome. can't wait for gold to go to effectively 0. as well as silver.
besides that fantastic scenario, IT GETS MINED. so IT'S INFLATIONARY. sorry CHUD.
>portability: "lanklets" vs "bulkier than metals"
there is more economy in paper than metal. sorry about that. moving metals is a fucking hassle.
>scarcity: "geology" vs """"finite""""" paper
they are as scarce as water is, which said water allows for paper to be made. so both are the same.
in sumary, there's no good unarguable reason where metals are superior to paper money. this is your delusion of value.

>>60578207

r/buttcoin is this way >>>>>>>>>>>>>

https://www.reddit.com/r/Buttcoin/

>>60578415
Bury your rocks in the dirt
easy

It comes from:
* Absolute, Provable Scarcity: 21 million hard-capped units. No central bank can print more. This is its fundamental, unshakeable truth.
* Decentralization/Immutability: No government, no bank, no single entity can control it, censor it, or inflate it away. It's unconfiscatable.
* Energy Proof-of-Work: It's literally backed by energy and computational power, securing the network. It costs real resources to produce and secure, unlike fiat which costs ink and paper.
* Monetary Policy: Predictable, transparent, programmatic halving. It gets harder to produce over time.
Its value comes from being the antithesis of the fiat garbage they're printing into oblivion. It's pure, sound money in a world drowning in debt. It's not a "Chuck E Cheese token" or "imaginary internet money." It's the only asset truly detached from the parasitic fiat system.
Your disbelief is its value. Now go stack sats, before you're completely priced out, poorfag.

>>60578596
>Internet goes down
>Lose your entire net worth
lmao
Bitcoin is worse than Chuck E Cheese tokens, it's digital Chuck E Cheese tokens

>>60578330
tulips are printable dumbtard

The same well-spring of all value: demand.

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.

>>60578722
you can trade Bitcoin if the internet goes down

>>60578596
>It's not a "Chuck E Cheese token" or "imaginary internet money."
It's precisely both of those. At least people holding it in the 2010s profited from it, you are too late and don't even know it yet.

>Forget password
>Lose $200 million

price of electricity + hype + >>60578205

like most things it has worth because (some) people agree it has worth, in one way or another. digital gold is accurate. you can't make easily make more, and its relatively limited. thats it. scare.

I'd argue there are cyrptos that have major real world applications, btc just isn't one of them. yes that will 950 dollars in fees to tip 5 bucks on your lunch.

>>60578820
no you can't and thinking otherwise shows a gross miss understanding of how network consensus works. bitcoin requires internet and power.

>>60578195 (OP)
Greater fool theory.

>>60578865
No, you don't need the internet and you don't need power either.

>>60578195 (OP)
my anus

>>60578596
>It's unconfiscatable.
Alas this is incorrect. If enough governments and their judicial arms band together and then use their power to force enough miners in their area of influence to create transactions that move coins in question then that will happen.

>>60579192
Literally impossible. Miners don’t have the keys so can’t create a valid transaction, the most censorship they could do is not include transactions from a given address, but that only delays the transaction, it can’t prevent it without a miner monopoly

>>60578195 (OP)
its scarcity is derived from the cost of electricity used to mine it. its value is derived from the meeting and balance between supply and demand

>>60578195 (OP)

>>60579349
it's an exponential curve

>>60578221
Human life

The balls.

>>60578596
>Absolute, Provable Scarcity: 21 million hard-capped units[...]This is its fundamental, unshakeable truth.
Do you understand that your "hard cap" is maintained solely by consensus and can change depending on whatever the miners want to use as their canonical node software?

>>60578195 (OP)
greater fools

>>60579358
wrong

>>60578195 (OP)

>>60579492
Bitcoin is tranny gold, LMAO, that's hilarious.

>>60578596
>unconfiscatable
Lol
Lmao even

>>60578195 (OP)
Where does the value of bottled water come from at a gas station with a water fountain?

>>60579372
The same can be said about a digital ledger.

>>60578195 (OP)
people are willing to give you dollars for it, because they saw other people give each other dollars for it in he past

>>60579415
Which fork would win-out: infinite supply “miners/blackrock/gov can do whatever they want” shitcoin-BTC or OG 21m-BTC? Supply & demand ALONE determine price, 21m-BTC will ALWAYS outcompete shitcoin-BTC, you dull slavemind

>>60579502
>ordered
The State doesn’t order you to give them your gold/land/stock, they take it by force, that they must beg proves bitcoin’s unconfiscatablity

>>60578195 (OP)
value is subjective and comes from utility; bitcoin's value comes from the reasonable fact that it's the best money system ever made, with the best tradeoffs, and it would lead to a massive societal change if it succeeds, in particular because its supply cannot be manipulated by parasites.

>>60579848
the fork that has buyers, lmao. good luck competing with your little home rig against whatever the mining cartels want, they're the ones getting paid anyway. I see they've sold the illusion of sovereignty very well to another dutiful paypig

>>60579492
gold has massive and have had massive problems during its history; is today's world a follow up of the use of gold? yes; gold failed.

>>60579863
>they must beg proves bitcoin’s unconfiscatablity
>gets blacklisted on all exchanges
>has to find the untraceable gold first

100% Brand loyalty

>>60578344
Why do metalfags pretend that da joos and da government cares about them and their money so much and that buying le silver/gold is the only way to hide it from... the government? Which can just come and knock on the door if needed?

You literally have zero need to be this secretive, and even if you do, you'd probably be better off just using crypto.

>>60579991
>only way to hide it
Even Monero has a backdoor. No one here has the brains to realize it.

>>60579991
It was illegal to own gold not long ago

>>60579993
Who cares? The best this board has to offer is a bunch of guys in low millions earned through mostly legitimate methods. Nobody is coming for you, or me, or anyone else.
>>60579994
Well, it's legal now. So what?

>>60579991
>Which can just come and knock on the door if needed?
>>60580006
>Nobody is coming for you, or me, or anyone else.
So which is it?

>>60580012
>>>>>>>>>>>>>>>>>>>>if needed

>>60580016
>if needed
>>60580012
>Nobody is coming for you, or me, or anyone else
Which one?
Retard.

>>60579993
>Monero has a backdoor
fiatcels are so funny
open source, little nigger

>>60579698
the bottle

>>60578330
>let me just grow some more Bitcoi-

>>60580286
>Miners choose to increase supply, or Bitcoin 2.0

>>60580328
>Miners choose to increase supply
>consensus violation immediately kills the block
BTC's mining consumes 130-180TWh/year, half of the energy that it takes to power the entire internet. the best miners could do is blockade the network in 10 minute increments at incredible cost to themselves.
they either give up or go bankrupt.
>Bitcoin 2
bitcoin 2 and 3 already exist, why dont you ever talk about it?

>>60578195 (OP)
Social Hype
>>60578221
The might of the government that mints it.
>>60578275
The government can contract the money supply by raising taxes on a whim too where anyone can send bitcoins to dead wallets and cause chaos with the value.
>>60578415
With precious metals you actually have to go to the person and seize something from them, with crypto, you just have to remotely access a device or cut it off from internet access.

Dollar debase by QE 1234
Stock debase by dilution
Gold debase by paper gold
Bitcoin debase by lite coin bch bsv baa bzz

>>60578195 (OP)
trust in the underlying technology. the same way that the value of fiat comes from trust in the government

>>60579991

More tired talking points...

The government isn't retarded enough to literally go door to door and confiscate metals. They didn't do it in the 30s when the population was 90% White and was more compliant, but you think they'll do it today when everyone hates the government, including the local sheriff/police, who also don't want to get their faces blown off?
The 3 types of people that own lots of PMs are 3 groups you don't want to fuck with anyways. Rich people that have all sorts of private security and are probably buddy-buddy with the local government. Redneck preppers that are also probably buddy-buddy with their local sheriff and would have no problem blowing a law enforcement officer away if they were stealing private property. And literal MS-13 or other gangsters that also don't give a fuck about killing cops and care more about their jewelry than life itself. Your Boomer grandpa with his $1,000 silver coin collection isn't giving it up either, he'll hide in under the stairs or some shit.

Also, the government doesn't even know what you own anyways. Any in-person trade, especially with cash isn't even on the books. Even if you buy with a card online, the 3rd party card-issuer/bank doesn't know what specific items you bought, they just know how much you spent and at what store. The store doesn't keep any financial records past 7 years in most cases, so your order number is permanently lost by that point anyways. They probably don't even keep it past 3 years in most cases.

The reason you stay secretive, keep your shit in a safe, put up security cameras and in some cases have insurance, is to prevent the possibility of some crackhead losers robbing your house when you're at work, and having a claim if they do.

Nobody is worried about some professional jewel theif doing some Mission Impossible shit to steal your PMs. Those guys would rob a jewelry store, or a BRINKS truck. And most crime like that is digital now anyways.

>>60579991
>>60580862

PMs and Crypto both have pros and cons. Stop being a retard.

>>60578195 (OP)
Scarcity and consensus. It's like trading bottlecaps or sea shells but smarter.

>>60580224
Correct. Convenience.

The scarcity of btc is dependent on (((democracy)))

>>60578195 (OP)
From public trust and backing like every other currency.

>>60579951
>whatever the mining cartels want
Ahh yes, the “mining cartels” will force everyone to buy their infinite supply shitcoin! Dull.
>>60579975
>blacklisted on all exchanges
There is no exchange monopoly, and a given exchange refusing your business does not remove your control over coinage nor prevent you from interacting with the network. Exceptionally dull.

>>60578195 (OP)
from it's security,large network,875.37 EH/s hash rate,longevity.

people feel like they can buy it now and it will still be valuable 100 years from now

>>60578195 (OP)
Frieren is my wife.

>>60578195 (OP)
It's value is in its inability to counterfeit or print trillions.
That's it.

>>60578195 (OP)
money transfer service + banking

>>60578195 (OP)
From clussy. It is known that the more clussy is posted on /biz/, the more btc will moon.

>>60578344
"Recognizability"- coins can be counterfeited pretty easily, and not easily spotted unless someone handles a substantial volume. You couldn't sell someone with the money a 1 oz gold coin on the street for even a fraction of spot price because of the risk of it being fake.

Divisibility - crypto is infinitely divisible

Independence - you're at the whims of trusting whatever mint it is to have the metal content it does. Or performing expensive and time consuming assays, which the next person may or may not trust

>>60578344
bitcoin BTFO

>>60578205
Simple as.

>>60580383
retard alert

>>60579994
If the government makes it illegal to own gold again tomorrow it means nothing to me. I'll still sell and buy it illegally, I'll still have everything in hand. I don't have to worry about exchanges going down.

>>60585813
Dumdum, bitcoin isn’t reliant on exchanges to function either

>>60578195 (OP)
Its a pyramid scheme, but what makes it unique is that there is a literal infinite amount of money backing it.
'Eventually' it will collapse, but if eventually never comes then who cares.

>>60578221
>where does the value of a paper money come from?
The US Military.
if you dont have dollars, people with guns show up & take your house. Or on a larger geopolitics scale, bombs
BTC wont have true value unless people kill for it.

>>60578195 (OP)
read the whitepaper FAGGOT

>>60579953
YWNBM

>>60585984
when you don't or can't address a point you know you're in the wrong