I just watched this but since I'm a retard I still don't understand how this bitcoin thing works or how it's gonna make the world better (as they claim in the documentary). Can anyone explain?
I checked out /biz/ and there seem to be a lot of these cryptocurrencies now which people invest on with the purpose of getting more dollars later on, how is that making the world any better?
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Bitcoin is independent and untraceable, meaning it actually belongs to you without relying on jewish bankers.
This but ironically. If you honestly think laissez-faire is a good thing, you're retarded.
I wish this were true, but it's far from it. Yes, you "own" bitcoin, but bitcoin is an item, and an item can always lose value. Think of BTC as gold. Owning gold does not make you rich exactly, but selling it for money can. It all depends of the current value of gold. Gold of course, is always of high-value, even with its ups and downs. BTC too has a pretty high value for what it is, but one day it will ultimately be worthless. It is tied to its demand.
you are correct but there also big benefits to bitcoin that normal money lacks, for example the purchasing of goods on the dark web.
I get it, but that's not exactly something I'd cheer for.
You wouldn't cheer for the freedom to use the currency you own in the way you want to use it?
>how it's gonna make the world better
it's not
Don't fall for the meme my friend.
Memecoins are nowhere near mature enough to actually trust.
>SHILLING ON SHITCOIN
SCAMMERS BACK TO /biz/
How hard is it to understand a ponzi scheme?
The biggest issue I have with Bitcoin is that it is too easy to lose permanently. A simple hard drive failure can completely remove bitcoins from the economy forever and considering that there will only be a limited number of bitcoins in circulation, that isn't really sustainable in the long run.
Yeah, I'm neither a capitalist nor an anarchist. I believe in regulation and even censorship.
Big surprise, I know, but you can't let people be themselves sometimes, or the world would be in chaos.
PLEAASDSFSEE BUY MY DIGIBYTE BAGS PLAAEEEESE
Are you fascist?
>you can't let people be themselves sometimes
I agree but censorship is always wrong.
>I believe in regulation and even censorship.
lmao you cuck belong to reddit
>You should cheer for people buying drugs and weapons illegally.
Cryptocurrencies are ponzi schemes. You buy bitcoins them hype them up and sell them to other retarded goys for profit, then they hype them up and sell them to other retarded goys for profit, etc. etc. The cost inflates exponentially and eventually it gets to the point where they're overpriced and everyone realizes they're worthless and they got kiked and dump them, and it crashes. Then they start it over again.
>Are you fascist?
Well, NatSoc, but yeah.
>censorship is always wrong.
I get where you are coming from. I'd like to believe that I'm in favor of free-speech too, but I suppose I can see how it's overrated at times. I don't mind voices of opposing beliefs, I mind voices of dangerous beliefs.
Though I understand that this is a kind of a slippery-slope itself. Like, how can one objectively determine what's an opposing yet safe belief and what's an opposing and dangerous belief? Anyhow, I don't disagree with being against censorship no matter what, I see the benefits, but I guess I just can't trust people enough.
>I just can't trust people enough.
This is precisely why you need unlimited free speech. Any group that controls/restricts information/discussion WILL inevitably become corrupt, sooner rather than later.
You are completely correct. I suppose I just hope that there will be a time when no censorship will be required because of the natural order of society will have no need for it. Kinda too idealistic though, huh?
its a ponzi scheme like all "digital currencies"
dont be a fucking pleb
Is this the /brainlet/ general?
There's literally nothing wrong with Ponzi schemes, you just need to get in and get out at the right time. It's basically just another form of gambling.
Bitcoins are for scammers, it will die out soon. Nothing is ever going to replace gold.
Bitcoins are the beanie babies of the current year.
I'm I think the value of Bitcoin is still far too volatile for universal use. However it's great for people in countries with shit currencies
Its capitalism without the government printing up money and devaluing itself. So you have something that will be more valuable. It is traceable if you use it to buy something in real life. Its a global network of trust which comes from within the cryptography, and with the ability of users to accept it on the outside.
No, it's a form of ripping naive goyim off. If you're shilling something to someone fully aware that it's worthless snake oil, you're a piece of shit. I could make a lot of money participating in the scheme, but instead I sell actual products because I don't enjoy manipulating and ripping people off and making their lives shittier. Mutually beneficial exchanges are much better for society than everyone trying to siphon wealth from one another.
At the expense of somebody else losing their money, right? It's just as wrong as gambling then imo, however I don't really have anything against retards who risk their hard earned money like that.
It's a bubble, like Dutch tulips.
Nocoiner
Everyone has access to the internet and its near limitless knowledge nowadays, if you're naive enough to lose a significant amount of money to a ponzi scheme in this day and ages then you deserve it.
Like most things, gambling is fine in moderation. But if you let it go too far and end up in a really bad situation then you only have yourself to blame.
It's not gambling if only some people know they're doing it.
The genius about crypto though is that the more people believe in it the less of a scam it is.
Mate, literally everything business related is gambling. Especially when you get into currencies, crypto and stocks.
Literally this. It's the same scam that every currency ever has pulled on people. You can't complain about crypto without complaining about other currencies.
ponzi is not business, it's ripping naive people off
>Everyone has access to the internet and its near limitless knowledge nowadays, if you're naive enough to lose a significant amount of money to a ponzi scheme in this day and ages then you deserve it.
No one "deserves" to get taken advantage of just for being naive or stupid. A wise/intelligent/educated person should guide and protect the stupid and uneducated, not rip them off and take advantage through lies and manipulation.
>Untraceable
By that logic, Apple aren't a business because they rip off naive people.
In what way?
Don't fall for it, if bitcoins become a world wide currency, goverments would haven't power over the economy and the jews would free of rules
They sell ridiculously overpriced hardware and people lap it up because they're tricked into thinking it's worth it.
Incredibly overpriced hardware literally marketed to stupid people. Designed in the most patronizing way specifically so stupid people can use it and then charging a ridiculous mark up.
In theory, a business is supposed to provide services/goods
Ponzi just takes money by promising riches to naive people
>should
Oh, he should? He shouldn't acquire as much capital as possible and do whatever the hell he pleases? Who told you that?
youre retarded. jews created the rules to keep other races and ethnicities from thriving.
I retired at 21 thanks to investing 10 dollars into bitcoins 6 months ago, now I'm on my yatch with multiple escorts seeya later suckers
Sold my small amount of BTC before the fork. I made a little more than $5k on a $800 investment. I could have made more but I have zero faith in it so I sold it all.
people are able to derive riches from ponzi schemes, which means they provide a service in the form of riches.
to themselves
it's not a business when 90% of "clients" lose their money and get nothing back
Wealth should be acquired through mutual exchange, not exploitation.
>asking Sup Forums for financial advice
Just fucking throw your money into a wishing well and hope for the best.
>I'm neither a capitalist nor an anarchist
So you're a communist, or what?
Who is telling you that? Just something you came up with? Cause I sure as hell didn't get the memo.
We are the digimarines.
Mutual exchange and wealth are mutually exclusive concepts.
Apple does rip people's off, but they bring two thing into the equation no Polzi does:
Status by brand, and customer service. That's the "business" part involved, if you think about it.
Because it isnt currency, its property
cryptocurrencies is what happens when Jews learn how to use computers
get in there asap
I went in 4 months ago and turned by 5k into 30k
>untraceable
Literally the exact opposite.
/nocoiner/ general
biz is nothing but bitcoin shilling, they even have threads about how best to shill is on other boards in order to raise their own value
it's a ponzi scheme that once it gets outlawed by a single government will cause a domino effect and is going to come crashing down and crashing down hard. To top it off, the vast majority of shillcoins are owned by less than 30 wallets, 20+ are confirmed as being owned by the creator of shillcoin, the next largest holder is the us government with their seizures from druggies
Thr this video youtube.com
The value of cryptocurrency is in the ability to do highly secure near instantaneous transactions with transaction fees that are almost zero. Someone recently moved $160 million USD in seconds and the transaction fee was $0.70 USD, good luck doing that with a bank.
iphone owner detected
Spotted the nocoiner
>literally undermines central banking
>hurr durr da joos run it
>once it gets outlawed by a single government
Several have already tried, didn't change anything. Now governments are tripping over themselves to legally recognize it.
How can Bitcoin be a Ponzi scheme if there's no Ponzi?
I've read your posting multiple times but it still doesnt make sense
Now is the worst time to get into Bitcoin.
Seriously, stay away until everything is straightened out in November.
>2017
>not understanding that decentralized apps are the future
What's happening in November?
Google Segwit2x.
Miners are fighting over the last hard fork right now and it's causing a shitstorm.
It'll be worse when Bitcoin is split again and there's THREE separate versions of it.
Seriously, stay away.
How's life in Venezuela?
>outlawing something that's untraceable
... uh
Okay, okay, can we at least agree that BTC is a scheme but you can profit from it if you are smart enough to pull out fast and that the only real big losers are the ones that invested in mining BTC instead of just buying and reselling it?
These losers hardly ever make money because it takes so long to mine even a minuscule amount of BTC and you absolutely need to have (multiple) top-of-the-line machines in order to make any real progress. The cost of the GPUs and the power they consume monthly is ridiculous. Especially now that companies know that high-end GPUs are used that way and they are cranking up the prices. What will happen when BTC loses value? Will you invest in more powerful GPUs to keep up with the income rate? Or will you give up and sell these now old GPUs that worth nothing compared to what you bought the for?
I ignored mining 6 years ago because I was only getting 1 btc a day and the electricity cost more.
Yeah, I hate the mining for profit faggots. That being said, miners are essential for it to work and more miners means a more trustworthy network.
>nocoiners telling other nocoiners to stay away
>buying virtual currency
People are dumb enough to do this
Miners, now, are predominately third world assholes in huge guilds that actually can make a useful amount of money.
>one btc a day for a month would be worth $250k now
._.
1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS, DOLLARS.....
pastebin.com
Bizraeli here.
Seeing all of you Sup Forumsfags try to talk about cryptocurrencies is laughably embarrassing
Enjoy the nocoiner life, chums!
hope you all google how to buy it now
>These losers hardly ever make money because it takes so long to mine even a minuscule amount of BTC and you absolutely need to have (multiple) top-of-the-line machines in order to make any real progress. The cost of the GPUs and the power they consume monthly is ridiculous.
No one mines BTC you mongoloid, much less with GPUs, it's too hard to compete with the chinks. You mine other coins like ETH and trade them for BTC.
/biz/ is just a swarm of shills for different cryptocurrencies
your post is bait to get retarded Sup Forums users to go to /biz/ and be at the mercy of the shills
i hope you die painfully
>independent and untraceable
Not if you bought and keep it on a legal exchange.
They already have all users identified and all of the tech illiterate people's wallets controlled. Next is taxation, and that's going to annihilate the value overnight
You're both ridiculous little people.
>You're both ridiculous little people.
I'm actually 191cm
Can you please not tell them of our massive gains?
If they want to believe that ssi and the fiat system isn't a Ponzi scheme, let them.
Thanks.