If I had all the Bitcoins in the world, what could I then do that I cannot do now?Since the answer is "nothing", why should I pay more than a dollar per Bitcoin?
>>61823387Yes, donut buy!
>>61823387what would you do if you had all the eggs in the world
>>61823390Not a single person in this board can answer the question "Why does Bitcoin have value"?I know this, because Bitcoin was developed as a 'peer to peer electronic cash system'. When that completely failed, the scamfluencers tried to pitch it as "digital gold". I wonder what the next grift will be, when we go back to 20k.
there are two things to do with crapto>a)use it as collateral borrow dollars and cash out dollars>b)Sell it for dollarswhen the goal of every scammer in the market is clearget more dollars for this crap than I paid for the incentive for greater fools to buy out old pozi schemers is 0
>>61823411and yes, this translates 1 to 1 to real estate, shares, bonds and commoditiesthe only move in the current market is buying OTM puts on index funds and commodity futures
>>61823387>why should I pay more than a dollar per Bitcoin?There are still millions of people with money who are willing to buy the story behind bitcoin without understanding what cryptocurrencies are or how they are made, so there is still profit to be made by selling them numbers on a screen for real hard assets.
>>61823557No there aren'tthere are less people in crapto then in 20/21way less bigger foolsits retarded to buy out older ponzi schemers that try to bait non existing greater fools with same asset re-leveraging
>>61823390Let’s see now. Where have I been. And where are you saying I should be?Hmmmmm>>61823403Well it’s COMPLETELY decoupled from gold during a period of perceived risk. Therefore by definition. It Can’t be a digital gold. It’s showing absolutely ZERO safe haven qualities. Actually it’s showing the opposite. Run from it when risk rises.
>>61823613yOu neED toUsE moRE cApsLoCkfreak
>>61823617Stick to the top. And you momma loves my fr33k
>>61823628[shill blank]please shill, how about posting one of your overinflated used shill image macrosidentify yourself even more, flash your jersey and confirm that you are a piece of shit that should kill itself
>>61823633I thought we were discussing bitcoin and finance. I have no idea what that ill conceived scattergun of words even means.
>[shill blank]lolas long as you have not streamed your suicide the market remains dead
>>61823387I could tell you, but you don't really want the answer. I have a question for you: What do you think is a better investment?
>>61823403the bitcoin can be decrypted into energy
>>61823387>Thing only has value to other people because other people value thingIt's the same question as "what if I had all the non-physical US dollars in the world right now?" The whole reason for Schelling points is they're consensus agreement mechanisms. That's what Bitcoin, USD, the Euro, etc. all are. What they "do" is determine how much of them are worth some actual shit.If you don't understand this concept, you are actually stupid.>inb4 muh paper notes and metal coinsMost modern currencies exist outside of physical media of exchange. Only 10% of all USD are physical for instance, and consider how much of that is in $100 bills. The US stopped using gold, then silver, then even bronze in currency for a reason.
>>61824645>consensus agreement>in a epistemically fractured environment doesnt even have consensus on wordsAnd that is not even considering the "public" in form of centralized planning committees (legislative, executive and "central banks") acting as pseudo economic actors with "infinite" credit making any real price discovery impossible
>>61823387In the process of acquiring all the bitcoin, you would have killed the market for it and bankrupted yourself.>>61823403>Why does Bitcoin have valueNow that's a good question. Accepting the answer to it means that you're a communist though, so I would suggest you don't think too hard about it. Just keep trading away, like all the good little piggies on this board.
>>61824716Well yes the answer is that it cost money to mine it but at the same time the difficulty adjusts and such
>>61823387>OCPD nowhere to be found between Nov 2024 - Oct 2025.LOL. LMAO Even.
>>61823387>If I had all the Bitcoins in the world, what could I then do that I cannot do now?retarded hypotheticalI know you're a metal nigger, so let me explain to you this: If you had all of the silver on Earth, they would just mine more. If anyone ever found out you had all of this fucking silver (extremely likely) the glowniggers are going to rape you to death and you won't even make the news. Keep in mind Satoshi had all of the Bitcoin on Earth at one point. He ended up just giving some of it away, and then I guess burning or refusing to move the rest. Then the network evolved from there. Your thought experiment is doubly retarded because a) the evolution of the network and how we got here is important towards the optimism and valuation of the network from its userbase example: if someone magically had all of the Bitcoin tomorrow, and everyone's wallets were empty, yes, it would be evidence something is wrong and it's valuation would crash, and a fork would be done to revert your faggot hyptohetical which is pretty funnyb)owning every singe Bitcoin invalidates the entire purpose of the network which is to be a ledger to trade with other people. Assuming a fork isn't made to rollback your Timmy Turner ass 70IQ hypothetical, a network with no other participants has 0 value obviously. No, this doesn't mean the network, protocol, or decentralized community that is Bitcoin has no utility. It means your hypothetical is retarded.Now mutter something about >muh intrinsic value like you usually do
>>61824576This is the stupidest thing I have read today. You should go back to school and get a basic education before you open your mouth.
>>61823387if you had every bitcoin in the world, you would1:be wasting energy2:be wasting a lot of computers3: be running a cryptocurrency which already become outdated over 10 years ago
>>61824886Closer to 20 years ago
>>61823387Just ask yourself the same for gold. Not that it is a useful question, but whatever hold-up you have about BTC in that regard it's the same for the world's reserve asset
>>61823403Because enough people agree it does.It's not that much different than fiat. Laws and monetary policy are just people agreeing on something. We elect people by enough of us agreeing they should be in office, then those people appoint other people that control fiat. It's all just enough people agreeing & trusting each other, at the end of the day. This is probably, in part, why autocracies are more likely to experience sustained economic crises; people are less likely to trust the underlying economics if the people structuring the economics weren't put in power through a mechanism of the collective.
>>61824886>rock>"doing" anything>vaults are empty btw
>>61824974Wrong if you agree oxygen is worth a dollar its still worth fuck all. Its worth something because it requires warehouses worth of equipment to mine it.
>>61823400Eggs are useful thoughYou would be very wealthy indeed
>>61825516>vaults are emptyEveryone knows. Paper crash on the horizon
>>61825574That would require a usecase and natural demand, the only demand for buttcorns is greater fools to keep its collateral value intact so its usecase, same asset re-leveraged ponzi to extract dollars by scammers don't get liquidated on their own scam, which leaves, assuming rational players only the scammers having a real demand. Everyone else is either a greater fool or a gambler/ useful idiot. The warehouses full of equipment are not worthless but for the most part pretty much overvalued, worse heating units
>>61825646The demand follows the supply not the other way around
>>61824567>doesn't answer or rebuke the central question>what about this other thing that's unrelated to your central premiseAre you 4 years old?
>>61825656Bullshit Looking at the ponzi players that left the scam last year, like the springmute thing and other so called "market makers", the gig is up. No more demand, no more greater fools. The attempt to get the ponzi flywheel spinning with the etf shit fell flat
>>61825672Well its also dependent on there being inflation. During a recession theres deflation so it pops.
>>61825714No it doesn't. Buttcorns are dead since 2014/15. Its a communist banker scam tertiary UST-bond re-leveraged ponzi that got artificially price increased by more and more leverage, no natural demand found.Nobody can stop you trying to run your retarded mlm sales pitches but going by the data your scam run out of greater fools
>>61825724No normies were happy to buy bitcoin after then. But whats coming is a recession followed by a depression maybe snd bitcoin pops at the slightest hint of fed tightening(lost 60% of its value in 2022 because of that) Tldr: bitcoin is going to 0
>>61825735>NormiesIts normal faggot you mouth breathing brainwashed bag holding nigger faggot.Buttcorn is over. It won't survive the refinancing walls at between 4-8%.Its a classic 5 of 5. Guess hodll down to, probably 30 dollar or less when nearly 20 years of same asset re-leveraged ponzi scheming unwindsDon't worry, Boomers get the same on their re-leveraged ponzis
>>61823387If you had all yhe Fiat in the world what could you do with then.you filthy hooked nose dysgenic parasite?Exactly the same fucking thing.
>>61825743Whos mad u are
>>61825748Currently the smartest thing to do with fiat is using it as collateral for shorts on same asset re-leveraged ponzi schemes. The game just switched for the next 20-40 years
>>61825574Because oxygen is not scarce. Bitcoin has a property called digital scarcity, there are a finite amount that will ever be created.
>>61826284You are such an idiot This is the stupidest mlm sales pitch of them all. Just because something is "rare" doesn't give it value, when it has no usecase outside of re-leveraged ponzi scheming
>>61825667I wasn't talking to you, punk.
>>61826284There are a finite amount of Trump Coins that will be created. What's ya point bucko?
>>61824875you can buy energy with bitcoin
>>61823387It’s burns electricity and consumes GPUs. Thats it. Then suckers buy it.
>>61823387But you don't have all the bitcoin
The idea is cool tho, instant electronic payments
>>61823387with all the KYC and centralization of stuff doesnt bitcoin lose its actual use case as a currency?
>>61823387>what could i then do that I cannot do now?Get laid.
