Does pic related make gold obsolete?

>>508789247 (OP)
No it is just the male version of Onlyfans

>>508789247 (OP)
Bitcoin is literally backed by Gold you fucking retard. How do you think your computers and internet infrastructure is made?

Millions of scientists are researching quantum computers to destroy it.

>>508789247 (OP)
hahaha, no
it exists to make gold exclusive to richfags
>>508789336
LOL

>>508789247 (OP)
>Does pic related make gold obsolete?
yes

>>508789729
>Millions of scientists are researching quantum computers to destroy it.
imagine being so stupid as this Amhed.

>>508789247 (OP)
I prefer payments in gold or mineral rights

>>508789247 (OP)
gold has uses
BTC has no uses besides hodling to zero

I will buy your lithium deposits with bit coins bro trust me

>>508789247 (OP)
yes

>>508789247 (OP)
>Politics?
>>508790185
This

Gold’s got industrial uses, sure, but the main reason people hold it is as a store of value—same as Bitcoin. The point of Bitcoin isn’t to be melted down or made into jewelry, it’s to be money that can’t be inflated, seized, or censored. It’s borderless, operates 24/7, and anyone with an internet connection can use it.

You can send BTC anywhere in the world in minutes without needing a bank or permission from anyone. If you’re worried about inflation, capital controls, or unstable banks, that’s a real use case. Plus, the Lightning Network actually makes it usable for small, fast payments now.

So yeah, Bitcoin’s use case is being sound money in a digital world. That’s a lot more than just “hodling to zero.”

>>508790477
meant to quote this >>508790185

>>508789247 (OP)
No.

We had gold, and we had a gold standard. It was a reasonable system of currency.

Why did we lose it? Because Talmud was right about everything, goyim always takes the Faustian deal, goyim always wants something for nothing. Goyim begs for UBI, BTC, free stuff, never questioning where the Devil's offering comes from? Never questioning how the perpetual motion machines creates energy out of thin air?

TL;DR; fell for it again award

>>508790477
Ask the Canadian truckers how useful bitcoin was when people tried to oppose the government with it

Only if you're a gullible idiot.

>>508790632
yeah, it was quite useful

>>508790643
the glowie cuck has arrived

>>508790522
>>508790477
you have no idea how it works
you are not sending btc or other crypto
you are broadcasting a change request to a database

you hope that that database will be updated and a copy of that will be sent around

it is just a database nothing more nothing less

>>508789247 (OP)
>Its existence deends on infrastructure and cooperation, namely electricity and internet
>Pretends to be a "safe haven"
Boy if shit actually goes down bitcoins will literally just cease to exist.

>>508790689
you must be actually retarded to think that we don't know how it works

>>508790632
The govt bitched and complained that they couldn't sieze it. WTF are you talking about?

>>508790477
True true except for the LN. that's a scam. Also the real P2P freedom money is now monero. better get both. BTC hasbecome a fiat number-go-up tool since the 2017 hijack and split.

>>508790678
Useful to help the government identify the related coinbase accounts and shut them down.

>>508790782
you also forget
>no banks will work
>atms won't work
>you can't divide your gold up properly
etc etc. These dooms day scenarios are all round retarded

>>508790846
You need to stop huffing cryptobro farts

https://www.coindesk.com/policy/2022/02/16/canada-sanctions-34-crypto-wallets-tied-to-trucker-freedom-convoy

Monero is the final solution to the taxman question.

>>508790892
>not using self custody
>being KYC'd
kek, the american brain

tropicanna GoG amaleK trainVrill grown by satoshinakamoto with alot of ahooktosatanism while amasontookashit in the No Till soil bed respectfully never GOON for Gadraael in Greenland while ignoring Golgotha Type sheeit fr No Cap black Bell urus DemonZemos
S A A
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T O A
O O S
S K O
H T N
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N S O
A A O
K T K
A A A
M N S
O I H
T S I
O M T

>>508790945
Yup. I'm a gold and silver guy too but I'm glad I diversified into crypto. A few of my family members basically think the apocalypse is coming in the next 2 weeks for the past 12 years and missed out on all the crypto gains lulz

>>508790678
I can't wait until there is a major BTC fork that destroys the digital gold argument, BTC is either going to get brute-forced or some jews will not be able to agree to updates necessary to prevent brute force and the supply will increase rendering it instantly useless. Gold has stood the test of time, I sincerely believe people are too stupid and greedy to limit an asset that is making them wealthy and that is why one day soon Bitcoin will expand it's supply via 51%+ consensus of the large miners ( who do it for the profit )

>>508789247 (OP)
>requires internet access
so its worthless if things actually go to shit

>>508790477
>it’s to be money that can’t be inflated,
???
A single tweet could cause it to drop 20% overnight and nobody would even consider it that unusual. Bitcoin is purely a speculative asset now, nobody's holding it for its own value

>>508790841
we are at the late stage where BTC will only lose you money

>>508790976
Did you read the article? All they would have to do is transfer to Monero than back into another BTC address cause the only thing they can stop is the off ramp (where you turn your crypto into cash) There is literally nothing these govt fags can do lulz. People literally had their bank accounts in the normal banking system shut down in comparison.

>>508791180
bitcoin gets forked all the time retard.
Bitcoin isn't the code, it's the core principle behind it. It's the idea. The code is just a representation of that.

>>508791200
I don't think you understand inflation at all. You seem to have a very rudimentary understanding of it.

>>508791269
yes the best gains are in alts as BTC is old tech now.

>>508790945
Hey it's the thing BTC appeals to, neither of us gets to set that level of absurdity.
BTC is funny as a ongoingexperiment but to me it's just like this even less reliable valuta - regular ones have power and institutions behind them, Bitcoin is literally "trust me bro".

It exists by the grace of there being evenless trust in other systems to the point of risking BTC.

Plus the earlier weaknesses i pointed out can still end it even in weakened form - plenty of semi-separated "internets" already exist making it potentially inoperable, as well as decryption risks from quantum computers (or just better regular ones) are a thing.

The point , however, remains unchanged:
Gold has value regardless of anything or any opinion, Bitcoin is the opposite; it exists only so long as infrastructure and opinion actuvely support it doing so.

>>508791351
People should diversify into all of them. I was into Gold/Silver years before BTC ever was a thing. And all my family members who held off because "the power will be out in 2 more weeks anon!" "hurr hurr nuclear EMP pulse will eliminate your BTC" missed out.

>>508791351
bitcoin doesn't appeal to that. If your argument is based on that, it's just moot.

Bitcoin isn't trust me, you can just go an audit the code and run a node yourself. You don't need to trust anyone, that's the point. Who are you trusting?

Bitcoin's infrastructure is completely decentralised and issues in one part of the globe do not affect it in another.

>>508791330
Do you understand the main claim as to the value of BTC and how it differentiates itself from the other thousands of crypto currencies is the fact that is a fix supply, there will never be more than 21 million bitcoin!
Can you please guarantee on your life that there will never be a consensus fork of BTC to increase the supply of BTC? You cannot and you are talking about a principle that is decided by a code that miners must agree upon to continue the network.
You understand this already happened with Bitcoin cash being left in the dirt, or how about Bitcoin SV..
Are you okay with that happening to BTC?

>>508791303
Except 99.99% of people are not turbo crypto autists like you, and so to them using crypto to bypass the government is functionally impossible because they only use coinbase.

Arguments for the protocol have to be distinguished from the practical use/function of the system

>>508790846
They tried. They got very little of it. The bank account freezing, though, stopped Canadian dollar transfers 100%.

>>508791524
I've happily missed out on countless lottery wins by not gambling, it just doesn't lie in my nature.
I am content to make my money by investing in more certain ways,though i realise not everybody has this luxury.

>>508791534
That last part of my previous post summarises it nicely in regards to its similarities to gold.

For the rest: You simply don't understand what trust is in this context, a common flaw of techies.

>>508791680
Anon doesn't understand how consensus actually works.

Those forks you're whining about literally prove my point. BCash and BSV both tried to change Bitcoin's rules and they immediately got relegated to shitcoin status. No one uses them, no one cares about them. Their market caps are a rounding error compared to Bitcoin.

Bitcoin's 21M cap isn't just some arbitrary setting - it's the core social contract. Anyone who attempted to increase the supply would create a worthless fork, not "change Bitcoin." Miners wouldn't support it because it would destroy the value proposition that makes their ASICs worth billions.

You're confusing technical possibility with economic reality. Could someone write code to increase the supply? Sure. Would it be Bitcoin? No. It would be another failed shitcoin.

Those forks didn't "happen to Bitcoin" - they happened to people stupid enough to abandon sound money principles. Bitcoin kept working exactly as designed while they faded into irrelevance.

>>508789247 (OP)
pic related is the new jewish control system

>>508791865
I wish I could have the confidence in people you have. I think you are utterly naive to human nature.

>>508789247 (OP)
Yes.

Now I'm returning to /biz/ so that I can spare myself more retarded boomer /pol/ takes.

>>508792086
It's not about "confidence in people" - it's about incentives.
Anyone mining blocks that violate the 21M cap gets instantly rejected by the network. Their reward becomes worthless. Miners would destroy billions in ASIC investments.
You're confusing human nature with game theory. Bitcoin doesn't need people to be good - it needs them to be greedy in a system where greed protects the cap.
The naive one is you, thinking people would coordinate to destroy the very thing giving their coins value.

>does investment x makes investment y obsolete
No?

>>508791692
lmaooooo thanks. It took years for me to get like that. You live in the US though and my retarded commie govt likes to seize the bank accounts of people like me. If you do use crypto make sure you self custody. (cold and hot wallets)
>>508791703
It was hilarious to see them bitch and cry about it. "OMG muh crypto Nazis r sending donations to teh truck Nazis!!! somebody think of the children"

>>508791339
alts are the bleeding cancer of my portfolio.

>>508792701
I only ever buy when major crashes occur. Alts have been my best performers.
>inverse trader

>>508789417
Dearest Bong, Gold backed “currency” is still fiat money. “”WHAA..!” Gold is a commodity. Its value changes constantly. “Money is an artificial commodity, therefore it fluctuates constantly - it it doesn’t! That’s because the issuer pegs its price to a Fixed Rate, and that makes it fiat “money! Someone arbitrarily decreed that the gold price shall not fluctuate! This is still Fiat “money, whether it”s a privately or in public “money”, a physical or electronic “money”. Money is in quotes because it isn’t one! Since it’s a fiat money, the price of gold can be arbitrary changed at any time! GROK?

>>508790689
I mean, that's all your bank account is too, though. It's just a database. So what?

>>508789247 (OP)
>unplug the internet
nothing personal kid

>>508791865
Bitcoin also has the value of being bitcoin, though. network effects are a hell of a drug. Even if you were to create an alt that retained the "sound money principles" of BTC, while solving some of BTCs other glaring issues (like the high transaction costs due to the crazy ratio of block size to proof of work, or the energy consumption inflation issues), it still wouldn't amount to much compared to BTC because BTC is first, and BTC is most noteworthy.

BTC is a cool fucking protocol but lets not kid ourselves that its monetary value is derived primarily from people perceiving its advantages. It's a speculative bubble. That's okay, lots of investments are, it's not the end of the world, but the fact is BTC's value mostly comes from the perception that other people perceive it as valuable. For every one person who wants BTC to use it there are 10,000 who want to flip it for a profit counted in fiat currency.

>>508790981

>>508789247 (OP)
yup

>>508789247 (OP)
Thats a nice currency you have there. Would be a shame if something happened to it

>>508789247 (OP)
>Does pic related make gold obsolete?
So, since gold doesn't have an expiration date and BTC does. Quantum computers will crack it and it will be worthless.

>>508789247 (OP)
>power goes out for any reason
ooops there goes your digital money

>>508789247 (OP)
gold is tangible

>>508798145
The same applies with anything else. Power goes out? Woops there goes the kiosks, the freezer section in the grocery store, all electronic scanning equipment used to sort items. Why wouldn't you want a currency backed by electricity by this point? Also it breaks the oil monopoly since it runs on electricity it doesn't care what resource is used to generate it.

>>508789247 (OP)
no

>>508791865
BitcoinCash is the functional bitcoin tho. BTC is just NGU-token. no one uses it for what it was originally made for : P2P electronic freedom money. BitcoinCash still follows that dream.

>>508793929
It's much more difficult for jews to change the BTC ledger than the bank ledger if you speak out against them.

So much shilling for Bitcoin recently, is it time to sell? Is the small recovery after the dip over? I bought fucking ETH at 1800, didn't sell at 2500 after it went down from 2800, do I sell now for 2400?

>>508789247 (OP)
Yes, Bitcoin will demonetize gold the same way the fiat dollar demonetized silver.

>>508803379
Bitcoin is more secure and safe than a Swiss bank account. People will never stop talking about bitcoin.