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md5: d89834ac2a6b682c6a5bd6423cd93ce9
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bitchuds have absolutely no rebuttal to this argument and honestly you should be very concerned about that
There's no argument, this is just assertions, non sequiturs and thinly veiled seething
>>60607395 (OP)Tired of banks and governments taking your money, inflating your money and making your life more difficult?
Introducing weightless, unstealable, unprintable, uninflatable magical free cross world teleport money.
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Bitcoin
>>60607395 (OP)I wonder why someone would feed this absolute illogical nonsense to /biz/? If I wanted to read reddit, I would rather go there. Some of it is funny as fuck, I adimt. But please, do not post credit financials here. They have no idea.
>>60607395 (OP)Imagine if all redditors commited suicide en masse
>>60607450Nocoiners are too low iq to understand this even though itโs really quite simple
Let's say I own all of Nvidia's stock. What does that get me? Or is trading companies just as much of a meme as trading crypto?
Owning all of Nvidia would allow me to:
>Fire and hire employees (why would anyone pay money for the privilege to do this?)
>Claim all dividends (meaningless rent seeking, I am not doing anything productive for the companies productive workers merely by holding it's stock, the only thing I am doing is rent-seeking the concept of Nvidia. This is imposed "artificial scarcity" no different than crypto.)
>sell their assets (i.e. computers and desks, obviously finished products are an absolutely retarded thing to invest in as technology will make creating them cheaper)
>sell their "IP" (more fabricated artificial scarcity rent seeking no different than crypto)
"Owning" a chip designing firm is no different than owning anything else - by buying it you've driven its price up and now people are incentivized to make more of it which will dilute your wealth. If you store all your wealth in chip designing firms you drive its value up, and then your net worth is diluted because it will now be more profitable to make rival chip firms, and the more competing chip firms there are the more your value as sole chip firm is diluted. Bitcoin is the only thing you can ever own that can't be diluted. Holding investments is not productive societal work. Bitcoin solves the problem of "choosing what to invest in" by being de-facto the best investment.
BY HOLDING ALL OF NVIDIA'S STOCK I AM DOING ZERO PRODUCTIVE WORK FOR THE COMPANY. ALL PROFITS I CAN GAIN ARE BY RENT SEEKING THE CONCEPT OF NVIDIA. ALL WORKERS COULD CONTINUE TO DO THEIR JOB WITHOUT ME, THE ONLY THING KEEPING THEM FROM BOOTING ME AND INCREASING THEIR OWN PAY IS THAT I AM THEIR IP, REAL ESTATE, AND ASSET LANDLORD. AND WHEN YOU'RE A LANDLORD, ANYONE ELSE BUILDING ADDITIONAL HOUSES FUCKS THE SHIT OUT OF YOU. YOUR HOUSE WILL DROP IN TERMS OF BITCOIN, AND SO WILL YOUR COMPANY.
>Nvidia
The same people seething at Bitcoin seethes at AI and thus Nvidia though.
Anyways, the rebuttal is that people in general didn't usually get into stocks because it felt like convoluted shit and required a broker to do it, etc. It was basically designed so that normal people would be pushed away from it. You didn't have John from accounting telling you to buy Google stock so you couldn't "miss out" compared to other people because virtually no retail was buying it either.
Bitcoin you could get from faucets for free and it was a literal grassroots event of randos telling other randos to grab some.
The argument about energy is bad because they didn't use that same argument 15 years ago.
TL;DR they are mad that they missed out not because they missed out but because the people that told them to buy (and they told them no over some completely uneducated guess) didn't miss out
>>60607395 (OP)>picThe average redditard is a manbaby that is even too scared of holding a single gram of gold bullion, and the only thing they "invest" on are collectibles that rarely are profitable and once they reach their ATH they never sell anyway. This very lack of drive for risk-taking is why those trannies at that subreddit have zero rhetorical grounding on why should their opinions matter, ergo their whole post being invalid for the purposes of debate.
>>60607395 (OP)>Stranger Things is more important than decentralized, trustless exchange of monetary valueignoring the Google bait, are you kidding me?
>>60607395 (OP)They don't understand retroactive Roko movements.
Crypto started major energy projects, that will ultimately become receptacles for the AI of tomorrow.
Thank you, Natash...
*Ahem*
Thank you, Satoshi Nakamoto. ;]
Anyway, you should probably begin to consider empathetic understanding of the first wave. Good luck.
>>60607395 (OP)>gains were extreme compared to anything else>incredibly well known>incredibly accessible>lots of people had strong opinions on it>imo, it was much more predictable than google/nvidia where they were one of the first companies to produce a concept rather than the concept itselfIt's obvious why it makes people bitter vs other things desu.
>>60607395 (OP)this has to be a troll. was obvious with the SS and Google
>>60607541>BY HOLDING ALL OF NVIDIA'S STOCK I AM DOING ZERO PRODUCTIVE WORK FOR THE COMPANY. ALL PROFITS I CAN GAIN ARE BY RENT SEEKING THE CONCEPT OF NVIDIA. ALL WORKERS COULD CONTINUE TO DO THEIR JOB WITHOUT METhis is literally just the core argument of communism THOUGH???
>>60607395 (OP)>Google gave us all of human knowledgeIt cant even give you a reasonable result on anything political lmao. Everyoneโs worldview is entirely fake
ipfs://bafybeihzes6zmgzr5gesrbf7uzpq2nwpqo6ypcegmsp63rxe7mk5yk46am/
I bought bitcoin when it was cheap, i threw it out because it was a liability.
>>60607395 (OP)Bitcoin gave us freedom from government oppression and the federal reserve. But I guess to most redditor midwits the new season of stranger things and a beanie baby would appear more valuable.
>>60607395 (OP)Every Bitcoin price increase makes the next price increase harder.
The only reason to buy Bitcoin is expected price increases.
Price increases get less likely and take longer as they get harder.
The reason to buy Bitcoin gets ever weaker.
Bitcoin is destined for $0.