Bitcoin is better money than gold and most people still don't understand this
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>>61564954Bitcoin is a dollar derivative and i'm tired of pretending it's not.
>>61564963Wow. It’s gotten so bad that even the slightest mention of the word b*tcoin causes a complete autistic meltdown of shiny rocks boomers.
>>61564954And even bitcoin is shitty money, slow expensive.
>>61564954what about a gold backed stable coin?
>>61564954It goes down 70% in a year, has 5 tps, can't be accessed if you lose your private key, can be stolen with no way of recovery if you can't catch the thieves before they spend it. It's not even good money.
GODL grid loadsI hesitate too longpanic pick a tile but winlearned absolutely nothingconfidence skyrockets for no reason
>>61564965
>>61564954No, you dont understand. Money doesnt matter. Value does
>>61564975Why would the same tribe trying to get you to own nothing and be happy back their shit tokens with Gold? Hmmmm.
>>61564963here let me help you
>>61564975How exactly would that work some kind of molecular imprinter that embeds in each individual molecule of gold on the planet so it can be embedded in tokens? Or are you just going to let all the fraudulent paper gold derivatives count as real gold?
>>61565332It could work isn't tether backed by treasuries
Yeah but boomer rocks have like a ~5000 year track record, where as bitcoin is like ~20.
>>61565337So, your answer is yes, fraudulent paper gold and other derivatives like treasury notes is just as valid as actual gold in your scenario, so its not backed by gold at all, its backed by some authority on gold?
>>61564995jews can print infinite precious metals "shares" they can't do that with bitcoin
>>61565357Yea its pretty unlikely we are ever going to go back to using gold as a physical currency
>>61565360They can with crypto, though, and they can use crypto to compromise bitcoin by controlling exchanges.
>>61565360>what are derivatives>what is tether>what are btc treasury companies
What do you do when someone invents a better bitcoin? Do you panic dump Bitcoin for Bitcoin2 or are you stuck with the worse one cause it was le first?
>>61565393There will never be a Bitcoin2
>>61564965How did Tether avoid the fate of FTX, LUNA and all these other entities?
>>61565360>can print infinite precious metalsYou from StarTrek or something?
>>61565343This is Jewish
>>61565400There are already several revisions of bitcoin: bitcoin, bitcoin lightning, bitcoin cash, bitcoin gold, etc... there are even hard forks and soft forks to choose from.
>>61565414How so?
>>61565418Bitcoin lightning is not a "revision" of bitcoin it is built on top of it. Bitcoin forks are like variations of chess.
>>61565450Building something on top is a revising and if you can build on top of it, then >>61565360 is also wrong.
>>61565466>my dick is a revising
>>61565466Am I revising your post you retard?
>>61565518If you could actually add to the top of my post instead of making a separate reply, yes.If you could make your own 4chan x addon version that would allow you to make edits that would be seen through a browser with the right extensions, then you could revise my post in the same way bitcoin lightning works on top of bitcoin.
>>61565532What if I could actually take a stinky shit on your face? Yes or no? What if it was a version of stinky shit where I ate a bunch of stinky onions beforehand?
>>61565548That would be an example of a roll reversal where you make someone else do your day job of sucking stinky logs straight from the source, so you can get an opportunity to see how the other side lives.
>>61565532>>61565564Kek
>>61565564Sounds better than being a faggot like you
>>61565580It seems pretty obviously that a retard like you would prefer being a shit eating faggot to just being a regular one, but thanks for the confirmation.
>>61565588How does eating shit make you a faggot?
>>61565593If you haven't already figured out by now how you eating some rich guys' shit all day makes you a faggot, I wouldn't worry about it.
>>61565607You're insisting that I'm something in your own fairytale story don't you see how that's a gay thing?
>>61565618Don't you see that you were the first one to immediately start fantasizing about faggotry when other people were talking about shit logs, though?
>>615649541 PBTIDWhy even reply
>>61564954
>>61565360And yet, bitcoin is the one that crashes 70% in a year every 4 years.
>>61564954Every time I need to buy a Tesla or Porsche I break out a Bitcoin or 2. For everything else I use dollars still.
>>61564963Just dialled 911, they should be at your house any minute anon, hang in there
>>61565935Sounds like a lot of work, if you just held onto a few bitcoin over the last year you would have lost the dollar value equivalent of the tesla and porsche anyway.
>>61565956Big brain move.
>>61564954No. It plainly isn't. Bitcoin doesn't have a plan and cannot have a future as a result.
>>61564954>loses 50% of its value
>>61564954I treat BTC as a pillar of the market. I mean, it's what keeps my ket alive. If that were the case, I'd probably have to look for a second job
>>61564954Bitcoins is fundamentally broken because it needs a 3rd party exchange to function as an everyday currency.
>>61565357>it's not backed by gold"backed by gold" is by definition the same as "backed by some authority on gold". If you hold actual gold that means what you have isn't backed by gold because it literally is gold.So yes, it would be backed by gold. The second issue is fixed by making fractional reserve banking and usury illegal, as it should be.
>>61564954Money is whatever thing someone is willing to exchange with you for goods and services.
>>615668891 Bitcoin = 1 Bitcoin and I'm not even gung ho about crypto.
>>61564954BTC isn't money. XMR is actual money.>>61565393>>61565400Somebody already invented a better BTC.
