Thread 106878708

>>106878708 (OP)
>>>/biz/

>>106878708 (OP)
Think of it like this, its a complex algorithm that enforces a kind of digital scarcity and people trade money for tokens of that artificially created scarce product.
Basically digitally created gold except useless other than to pretend it's money.

today it's mostly scammers creating companies that solve problems nobody has in an attempt to sell tokens they created out of thin air. some of the more succesful ones have been at it for almost a decade, fooling investors (especially retail investors) and wasting the time of actual financial institutions that want the pr of being "modern". take chainlink for example, they are calling a bunch of public exchange apis, calculate a median and write it to the blockchain. that's not a business

>>106879151
yeah I've yet to see crypto coins solving a real problem (apart from the globohomo coins/digital currency/cbdcs that solves the problem of controlling the goycattle masses)
for example bitcoin solved the problem to (mostly) anonymously buy drugs or do crime online
monero optimizes this and make this more anonymous but no one who buys drugs online for their own consumption really needs to be this anonymous
maybe the problems that crypto will solve in the future just haven't appeared yet I don't know

>>106879151
its exactly like the financial world, destroying production for the sake of their grift
these swines are enemies of the common good, they should be executed

it helps in transferring huge amount of money, and nothing else

>>106878708 (OP)
Crypto was the greatest IQ test performed on /g/.

Crypto is just niggers and jews selling each other bridges back and forth. Nothing of value has ever come from crypto. It has no worthwhile application. Every "usecase" for crypto is just part of the shilly-shallying peddled by sociopaths to support their rugpull. It is not possible to make money from crypto without someone else losing money because there is no way for value to be created from crypto.

>>106879703
monero is useful though and because of that it's banned in many countries

>>106879703
you could say the exact same thing about fiat money
i'm not defending cryptoniggers but everyone's arguments against them are really shitty
the bottom line is that math harms nobody but niggers do

Correct me if I'm wrong, but as I understand it, Cryptocurrency are like tripcodes where each resultant is an individual "coin" or unit. Mining is like using a tripcode generator to hone in on a specific pattern, hence why finding unique sections of blockchain is more involved than just "making" or writing it.

>>106879703
>>106881426
>nigger boogeyman
I can tell you both are over 40 years old. Pajeets are the current boogeyman that white losers use to blame for everything bad with the world, get with the times uncs.

>>106881459
niggers are a state of being you dumb fucking nigger
clearly you have not been on this website nor on this earth for more than a year
begone tourist

>>106881465
Enjoy your vacation retard

>>106879151
Considering most the credit card companies are becoming prudish for the sake of their public image and rejecting to allow legal adult content online, we need alternative forms of payment now more than ever just to protect the integrity of art and our free will to purchase what we want without 3rd parties interfering.
https://www.404media.co/credit-card-companies-are-hurting-the-future-of-video-games/

>>106881486
>i have no argument therefore I must announce that I reported you
I'm sorry that I took advantage of my wealth of experience to dunk on your un-wise ass

>>106881508
>he thinks yelling the n word is an argument
>he think there was a discussion warranting an argument at any point
what /pol/ does to a retard's brain kek

>>106881525
>taking the n-word so seriously
you really don't belong on this website
i rest my case
feel free to engage with the rest of the cryptoniggers you clearly language deficient buffoon

>>106881538
I've been on this site since 2008. Shame on me for not letting it turn me into a mentally ill retard like you.
Must suck to be stuck in time as an edgy teenager for so long kek

>>106879061
>uncensorable payment processor that is also a swiss bank account
>useless
Yea

>>106878708 (OP)
Pretty much
Investing in anything at its core is just gambling on society on a global scale
A few lucky (or malicious) ones win
Many more will lose
I simply ignore man's greed.

>>106881525
>triggered by the nigger word
you best start growing a pair of balls son, you're only going to hear more nigger bombs the longer you're here.

>>106881749
That dude has to be joshing

>>106879151
>today it's mostly schizo babble
BTC is the king and has none of this nonsense.

>>106881749
>>106881800
yea you're very hardcore anon we get it already

>>106878708 (OP)
Monero won.

>>106879210
The problem they serve is entertainment and gambling, which is a huge market. It's why memecoins and pumpfun blew up in popularity over the past year, people in crypto have stopped coping and trying to pretend they're solving a real use case, and embraced the fact that they're in a casino.

>>106881592
Maybe the original intent but nobody uses it because of that. It's mostly used for get rich quick scams now.

>>106878708 (OP)
>lust-provoking image
>time wasting question

>>106881426
Fiat money serves as a reliable placeholder for forces that create value. Crypto doesn't serve the same function because it's purely speculative, making it too unstable. When a fiat currency oscillates wildly and unpredictably that's considered a hallmark of economic disaster, when a crypto token does it it's a day that ends in a Y.

>>106881379
Monero is probably the most nearly-useable form of crypto. But it still dropped 20% in a few hours last Friday, based on... what? Based on nothing. Hysterical consumer sentiment, the equivalent of a run on the banks apropos of something someone said someone tweeted, or someone rabble-rousing on reddit over tariff fears. It's not economically healthy and it's not useable as a holder of value, because if Elon Musk comes out today and says he doesn't like Monero's newest whitepaper it'll be worthless tomorrow.

>>106878708 (OP)
Not really. Math is used to create specific attributes. For example BTC is primarily transparent, XMR is concerned with privacy and anonymity, ETH is all about smart contracts and on-chain solutions. If a crypto currency got a use case and a user base, people are betting on that, otherwise they are just betting on whether number goes up

>>106878708 (OP)
The only thing useful about crypto shit is the blockchain which is pretty useful outside of crypto. Crypto itself is make-believe money worse than fiat currency, since fiat is much more stable because it takes a whole economic crisis and economy tanking to devalue dollar/euro. In order to devalue crypto you only need someone like drumpf or musk to blurt out some bullshit on twitter.

Bitcoin is literally a ponzi scheme and imaginary money, the ones who got in early became millionaires, the ones who got in much later got peanuts.

You need to understand that crypto doesn't exist, there is no physical exchangeable equivalent, crypto is basically a scam, but that doesn't mean someone didn't get rich off of it.

>>106878708 (OP)
Crypto is just a scammer's dream.
Everyone knows this, but they think they are too smart, and they will be the ones scamming the others (until they learn they weren't and are left holding the bag).

>nooooo it has real wworld uses, likeeeee, hummmmm, medical records in a block chain
Yes, let's make everyone's herpes exams public.

>>106881592
Trying to buy anything with crypto is less successful than trying to buy anything with toilet paper.

>>106878708 (OP)
Always do the opposite of what /pol/ says.

>>106881592
>all transactions can be tracked by literally anyone
Sasuga, dipshit.

>>106885878
>fiat is much more stable because it takes a whole economic crisis and economy tanking to devalue dollar/euro.
You made me remember all of Wall street tanking and the Yen going up in value compared to the dolar because Japan raised interest rates.

What happened with that anyway, did the US pressure Japan to allow their fake money casino?

>>106879151
easier to just make a new shitcoin based off the latest meme, then rugpull once it goes up 40000% from $0.0000001 to $0.00032

>>106885950
I said uncensorable, not untrackable, ESL-kun
>>106885928
I bought my vpn and 4chan pass with bitcoin :)
>>106884476
I said bitcoin not all the shitcoins

Sorry you guys missed the train, better luck next time(there won’t be a next time)

>>106885878
>fiat is much more stable
Oh no no no jew sissies what’s this?

>>106879210
>for example bitcoin solved the problem to (mostly) anonymously buy drugs or do crime online

I think you might need to look at that harder. What part of everyone holding an independant copy of the ledger tracking every transaction inherently lends itself to anonimity?

>maybe the problems that crypto will solve in the future just haven't appeared yet I don't know
The problem it does actually solve however is moving money without having to depend on the provably corrupt fiat systems.

>>106879314
That sounds a lot more like the effect of watching bitcoin rise and thinking: "I can do that" without understand what it is they are doing - or worse, understanding they offer nothing and doing it anyway.

>>106885878
>since fiat is much more stable because it takes a whole economic crisis and economy tanking to devalue dollar/euro
It's constantly devaluing. It's the only thing stable about it, you can be assured it'll be worth less tomorrow. Speculative bullshit like attempting to pretend it's a comodity aside, bitcoin only goes up. If you're thinking of a 'pop' in the bitcoin bubble, then what you'll actually be thinking of is this speculative bullshit just crumbled and the price re-adjusted to reality. Which if you look at as a graph over time, keeps going up.

>In order to devalue crypto you only need someone like drumpf or musk to blurt out some bullshit on twitter.
No, that adds in a layer of speculative bullshit as tw@s rush to pretend it's a commodity...

>crypto is basically a scam
Crypto, no. Some examples, without a doubt. Most in fact. But that isn't a "crypto problem" it's a "human greed" problem. There's a certain type of person that will sell a product they do not have to sell to pocket the money and run - is that a fault of the fictional product, or the person pretending they have it to sell?

What's with people thinking crypto like Bitcoin is a ponzi scheme? What about it is a ponzi scheme?

>>106885959
There's no stable currency on the planet, but fiat is way more stable, because for crypto it only takes one word to go full on red, for fiat it takes the market/global economy to tank it.
>>106886138
>reading comprehension
>>106886146
>It's constantly devaluing. It's the only thing stable about it, you can be assured it'll be worth less tomorrow.
Of course it will be valued less since most governments spend more than they actually have which is why you have inflation in the first place, but that's not the point. The point is that for fiat to devalue dramatically in a short amount of time it takes more than some faggot on twitter spewing bullshit.

>>106886379
This nigga really out here shilling fiat, fucking kek

>>106886379
>but fiat is way more stable, because for crypto it only takes one word to go full on red
Versus the 'because I said so' that backs fiat? That sounds a lot more reliable than cryptographically provable math.

>for fiat it takes the market/global economy to tank it.
Or for people to try and take what is theirs, and suddenly the problems with lending money that doesn't exist becomes apparent and no amount of shady book-keeping can balance it. Versus the model without a concept of debt.

>which is why you have inflation in the first place
No, you have inflation because despite the environment continually supplying evidence of limited resources the fiscal model is built around infinite growth.

>for fiat to devalue dramatically in a short amount of time it takes more than some faggot on twitter spewing bullshit.
Some faggot on tw@r won't devalue crypto, either. What they might be able to do is cause a spike on a demand graph, which in the very short term may adjust it's price. But the same is true for anything being speculated upon like a commodity, that isn't a feature unique to 'crypto'. Like anything else based on bullshit, it's only time before reality become imposing and the real value returns.

>>106879061
gold was also useless before electricity

>>106886102
>4chan pass
Racism is free. The jews did a number on you.

>>106886509
I don't think jewelry was a recent invention made by jews

>>106878708 (OP)
It's a reinvention of fiat currency so more accurate to a highly volitile currency market than the stock market.
Of course it's mainly grifters and scammers these days. Even the US president and his friends is in on the grift.

today, as always, /g/ got filtered by bitcoin. this place is full of underage idiots.

>>106886515
I must post from behind 7 proxies anon, don’t judge me

>>106886533
jewelry serves no function, though, it's not like clothes where they keep you warm or safe from elements or something

>you use power so your pc can solve equations and get memecoins in return
So what are these equations?
Who wants them solved?
Who pays you to solve them?
When you get paid how do you convert the memecoins to fiat?

>>106884889
>based on... what? Based on nothing.
Based on stock market. The whole economy gone down last friday not just monero.

>>106881459
Nobody says math harm jeets, not even the ones who make posts against jeets.

>>106886379
>Fiat is more stable
Pure unadulterated cope. You know if you were transferred 10 or even 20 years ago, if given absolute choice in investing in bitcoin or let that money deposited in a bank, you would be doing the former. I don't like crypto bros and every memecoin that props up every week but to pretend like fiat is stable is just lmao.

>>106889080
to invest you dont want it to be stable, while to use as money you want to be kinda stable
you are saying different things
and that is one of the problems of crypto it will never work as money if it is worth investing in it