[News] Bitcoin is worthless

[MysteriousWeeb420]

 portability 

Step one: "We all know BTC is valuable."

bingo, that's all that is really required for a currency to have value

ironically, the very fact you're even trying to disprove it has value, shows it has value. because if it didn't it would be evident and you wouldn't care either way 

hypothetical situation: I offer you 10 bitcoins for free. would you reject them because you believe they are "worthless". Of course you fucking wouldn't because you know the consensus of society is that they do have value

[Mustang]

value is subjective

So how about scams. I scam you by saying: "Have you ever wanted to own a spanking new Rolls-Royce? But you felt 400 grand was steep? I'll get you one for just $2000 in cash."

And then after you pay me, I flee with the $2000.

Will you say that value is subjective, and that my above business was legit, and no one can say otherwise.

Or is it the case that the victim was duped by sweet talkers (and the sweet talkers in this case are crypto moon websites)

I have seen literally zero threads about peak oil, just endless gapitalism vs communism 85 iq threads, no actual discussion of your obvious and impending death.

[Mustang]

 portability 

Step one: "We all know BTC is valuable."

bingo, that's all that is really required for a currency to have value

ironically, the very fact you're even trying to disprove it has value, shows it has value. because if it didn't it would be evident and you wouldn't care either way 

hypothetical situation: I offer you 10 bitcoins for free. would you reject them because you believe they are "worthless". Of course you fucking wouldn't because you know the consensus of society is that they do have value

After peak oil I would, you'd die at last.

[brocode]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

[MysteriousWeeb420]

value is subjective

So how about scams. I scam you by saying: "Have you ever wanted to own a spanking new Rolls-Royce? But you felt 400 grand was steep? I'll get you one for just $2000 in cash."

And then after you pay me, I flee with the $2000.

Will you say that value is subjective, and that my above business was legit, and no one can say otherwise.

Or is it the case that the victim was duped by sweet talkers (and the sweet talkers in this case are crypto moon websites)

asymmetric information.

[Mustang]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

It has value because jewish elites pump and dump it and no other reason.

[Mustang]

value is subjective

So how about scams. I scam you by saying: "Have you ever wanted to own a spanking new Rolls-Royce? But you felt 400 grand was steep? I'll get you one for just $2000 in cash."

And then after you pay me, I flee with the $2000.

Will you say that value is subjective, and that my above business was legit, and no one can say otherwise.

Or is it the case that the victim was duped by sweet talkers (and the sweet talkers in this case are crypto moon websites)

asymmetric information.

>uses 9999iq economics words
>posts on a retard board

[Dolly Buster]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

Actually that is another myth, that gold and dollar are completely arbitrary.

In fact gold has value because it's a genuinely useful metal. And the dollar has value because it's a tax credit i.e. the thing needed to pay U.S. taxes.

So now that we know the true backing of gold and USD, the argument: "Everything in the world is airy-fairy, so why not use something equally absurd such as crypto" is suddenly invalidated. Crypto is the only odd one in the group and the only one with zero value

[Mustang]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

Actually that is another myth, that gold and dollar are completely arbitrary.

In fact gold has value because it's a genuinely useful metal. And the dollar has value because it's a tax credit i.e. the thing needed to pay U.S. taxes.

So now that we know the true backing of gold and USD, the argument: "Everything in the world is airy-fairy, so why not use something equally absurd such as crypto" is suddenly invalidated. Crypto is the only odd one in the group and the only one with zero value

Wrong, jews created gold.

[brocode]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

Actually that is another myth, that gold and dollar are completely arbitrary.

In fact gold has value because it's a genuinely useful metal. And the dollar has value because it's a tax credit i.e. the thing needed to pay U.S. taxes.

So now that we know the true backing of gold and USD, the argument: "Everything in the world is airy-fairy, so why not use something equally absurd such as crypto" is suddenly invalidated. Crypto is the only odd one in the group and the only one with zero value

i didnt invalidate the US Dollar and Gold, just gave them as examples, imagine we ought to pay taxes in Euros instead of the US Dollars, the US Dollars goes poof.
I mentioned Bitcoin isnt linked to something Tangible or "real". The US Dollar isnt either, it was with the Gold until the jews got rid of the gold standard.

And really? depending on the US Government and trusting them to have the US Dollar hold steady value? JP at Za Treasury Department is already fucking things up all over the world with his massively retarded decisions and shooting inflation up massively.

I'd rather have the US Dollar backed to Gold and make it be something tangible.

Crypto is something that lacks such backing as well, and it is indeed worthless without the transaction movement

[Mustang]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

Actually that is another myth, that gold and dollar are completely arbitrary.

In fact gold has value because it's a genuinely useful metal. And the dollar has value because it's a tax credit i.e. the thing needed to pay U.S. taxes.

So now that we know the true backing of gold and USD, the argument: "Everything in the world is airy-fairy, so why not use something equally absurd such as crypto" is suddenly invalidated. Crypto is the only odd one in the group and the only one with zero value

i didnt invalidate the US Dollar and Gold, just gave them as examples, imagine we ought to pay taxes in Euros instead of the US Dollars, the US Dollars goes poof.
I mentioned Bitcoin isnt linked to something Tangible or "real". The US Dollar isnt either, it was with the Gold until the jews got rid of the gold standard.

And really? depending on the US Government and trusting them to have the US Dollar hold steady value? JP at Za Treasury Department is already fucking things up all over the world with his massively retarded decisions and shooting inflation up massively.

I'd rather have the US Dollar backed to Gold and make it be something tangible.

Crypto is something that lacks such backing as well, and it is indeed worthless without the transaction movement

None of you understand how the gold standard worked. You can't go to the bank and get gold. Instead the fed traded on the London exchange and set a price that nobody used in real life.

Gold standard collapsed because the trade deficit. Gold prevents trade, it doesn't stop spending at all. Capitalism is literally retards.

Implementation of a Gold standard would do literally nothing but set a fake price nobody had access to.

[brocode]

this is not news

bitcoin only has value until we consider it valuable
like gold, or fiat currency

if everyone decides gold is just another stone tomorrow, its worthless, if everyone decides the US dollar is just another paper tomorrow its worthless (not saying it will happen, it wont ever, but hypothetically speaking)

bitcoin doesnt have any underlying real life linked asset to make it "tangible" or hold true value regardless of transaction movement, however the only reason it has hype, as with any crypto is its anonymity and lack of "central control".

Actually that is another myth, that gold and dollar are completely arbitrary.

In fact gold has value because it's a genuinely useful metal. And the dollar has value because it's a tax credit i.e. the thing needed to pay U.S. taxes.

So now that we know the true backing of gold and USD, the argument: "Everything in the world is airy-fairy, so why not use something equally absurd such as crypto" is suddenly invalidated. Crypto is the only odd one in the group and the only one with zero value

i didnt invalidate the US Dollar and Gold, just gave them as examples, imagine we ought to pay taxes in Euros instead of the US Dollars, the US Dollars goes poof.
I mentioned Bitcoin isnt linked to something Tangible or "real". The US Dollar isnt either, it was with the Gold until the jews got rid of the gold standard.

And really? depending on the US Government and trusting them to have the US Dollar hold steady value? JP at Za Treasury Department is already fucking things up all over the world with his massively retarded decisions and shooting inflation up massively.

I'd rather have the US Dollar backed to Gold and make it be something tangible.

Crypto is something that lacks such backing as well, and it is indeed worthless without the transaction movement

None of you understand how the gold standard worked. You can't go to the bank and get gold. Instead the fed traded on the London exchange and set a price that nobody used in real life.

Gold standard collapsed because the trade deficit. Gold prevents trade, it doesn't stop spending at all. Capitalism is literally retards.

Implementation of a Gold standard would do literally nothing but set a fake price nobody had access to.

increase spending and reach peak oil as fast as u can theory

[Mustang]

Actually that is another myth, that gold and dollar are completely arbitrary.

In fact gold has value because it's a genuinely useful metal. And the dollar has value because it's a tax credit i.e. the thing needed to pay U.S. taxes.

So now that we know the true backing of gold and USD, the argument: "Everything in the world is airy-fairy, so why not use something equally absurd such as crypto" is suddenly invalidated. Crypto is the only odd one in the group and the only one with zero value

i didnt invalidate the US Dollar and Gold, just gave them as examples, imagine we ought to pay taxes in Euros instead of the US Dollars, the US Dollars goes poof.
I mentioned Bitcoin isnt linked to something Tangible or "real". The US Dollar isnt either, it was with the Gold until the jews got rid of the gold standard.

And really? depending on the US Government and trusting them to have the US Dollar hold steady value? JP at Za Treasury Department is already fucking things up all over the world with his massively retarded decisions and shooting inflation up massively.

I'd rather have the US Dollar backed to Gold and make it be something tangible.

Crypto is something that lacks such backing as well, and it is indeed worthless without the transaction movement

None of you understand how the gold standard worked. You can't go to the bank and get gold. Instead the fed traded on the London exchange and set a price that nobody used in real life.

Gold standard collapsed because the trade deficit. Gold prevents trade, it doesn't stop spending at all. Capitalism is literally retards.

Implementation of a Gold standard would do literally nothing but set a fake price nobody had access to.

increase spending and reach peak oil as fast as u can theory

Government spending doesn't generally cause oil consumption and it just goes to vax and other damage control. But nonetheless gold standard is a waste of time and you should just destroy oil inventory.

[Mustang]

https://archive.4plebs.org/pol/thread/357726565/#357732967

[Dolly Buster]

Yeah gold is a barbarous relic in that sense.

You dig it out, and then central banks put it in their vault which is often also under ground.

So you switched it from Hole 1 in the ground to Hole 2, and expended effort in doing so