False, literally no transactions need to take place for the value to rise because of the currency debasement

>credit crunch
>people are struggling to afford food and rent
>bitcoin crashes from retail leaving and institutional going for hard assets
Screen cap this.

>>60694263 (OP)
aaah, naruhodo

>>60694268
1 bitcoin = 1 bitcoin
fiat = nothing

>>60694279
What's bitcoin valued in?

deep and intriguing notion

>>60694285
Kw

>>60694295
... it's valued in fiat and you know it.

>>60694285
energy

>>60694295
Kilowatts isn't even correct lol. >>60694310 this anon gets it.

there is a ledger book that exists that can keep track of anything and everything and cannot be altered by any bad actors or corrupted in anyway. this book only has 21 million pages. how much would 1 page of this be worth to you?
this book can also be used as currency, hold data and send messages.
would such a thing be worthless?

>>60694324
>would such a thing be worthless?
During a credit crunch, yes. Absolutely.

>>60694295
>>60694312
It's not valued in energy.

>>60694324
>majority of nodes/validators can vote to decline transactions
>backdoors to cold wallets via expiring seed phrases
>hundreds of forks performing the same action
>claiming crypto is scarce when the code can be altered by a majority
>claiming its immutable when its literally keystrokes
Crypto requires energy, it is not energy. How many kilowatts does 1 btc produce? Negative amounts.

>>60694355
You can value things however you please, I can value it in gold too

>>60694263 (OP)
>explaining the ponzi mechanics
don't do this!

>>60694409
in order to value it in gold you'll need a market that trades Bitcoin for Gold, last I checked there isn't one, who is going to trade their Gold for Bitcoin?

>>60694295
So if the lights go off it's worth zero. Nice

>>60694279
actually 1 Bitcoin = (checks price) $118,000
and without fiat Bitcoin is valued nothing, since that's pretty much the only market for Bitcoin. Nobody uses it for trading in anything else.

>>60694452
>in order to value it you need a market

Nope, I do not. Valuation is an exercise in abstract though with no physical requirements

>>60694455
This is true yes, if electricity goes away it would be pretty hard to transact btc

>>60694452
Is PaxG still a thing? Could technically swap Ethereum for gold

>>60694464
>>in order to value it you need a market
>Nope, I do not.

well of course not you, you could value it at a trillion dollars if you want, I was talking about in the real world.

>>60694263 (OP)
not even true regarding the m2 chart

>>60694263 (OP)
Damn i see they prescribed to Cohen's premium list

>>60694285
anything we want? retard

>>60694485
>anything we want?
no, literally only fiat. Without the prospect of selling Bitcoin to some other retard for more fiat, Bitcoin doesn't have a leg to stand on. You think some farmer is going to sell their 20 cows for one digital nothing? get real. If there's no fiat scam Bitcoin dies.

>>60694533
>some farmer is going to sell their 20 cows
But a farmer would sell 20 cows for physical gold or silver at an agreed upon amount. Then buy whatever he needs with said silver or gold at an agreed upon amount.
Hmm it's like this happened before.

I wonder why nobody posts a BTC/AU chart around here.

>>60694625
>BTC/AU chart
Feel free, but I have a chart of my own.

>>60694605
you think people are going to sell their gold and silver for Bitcoin? that's funny. why would they if there's no fiat scam? Bitcoin won't go up against gold or silver without it.

>>60694725
>you think people are going to sell their gold and silver for Bitcoin?
Uh no definitely not. The opposite actually.

>>60694625
Because there isn't a major market for trading Bitcoin vs Gold. You wouldn't be posting a BTC/AU chart but something indirect with $ inbetween.

>>60694605
Gold and silver have been used either between complete strangers that don't trust each other, or during periods of instability. Fiat (credit) money have been used for thousands of years. In fact, the first money was fiat money, not gold, silver or sea shells.

Debt: The First 5,000 Years.

>>60694285
ethereum

>>60694285
5,000 btc per pizza

>>60695089
>Debt: The First 5,000 Years
What a retard.
Gold and silver are proof of work. It doesn't come out of nowhere.
Why do you think bitcoin is "mined" and has "coin" in the name?
It's an obvious psyop to those who are paying attention.

>>60694625
I do and know btcs returns have been abysmal in that pair