/biz/ - Business & Finance

Reminder BTC was created to counter 2008 crisis, if it dumps with the stock market crash it will be officially failure of concept partially.

>>29486431
and if it dumps while gold is rising will be the boomer apocalypse

>>29486431
>Reminder BTC was created to counter 2008 crisis
this is true as it was clearly mentioned in the white paper if im not getting to old to remember

>>29486570
It was in the genesis block.

He put the headline from The Times 03/Jan/2009 'Chancellor on brink of second bailout for banks'.

A copy of that newspaper is now worth more than 1 BTC.

There are a hell of a lot less of them printed than 21m and it looks better in a frame than a private key.

Search the hoarders attics if you know any, there'll still be a few out there.

>>29488183
>A copy of that newspaper is now worth more than 1 BTC.
I dont believe this.

>>29486142
>so this is the reason for BTC to be crashing so much?
btc didn't even dip below its new ath from 3 weeks ago, this is not a crash. zoom out. it dropped a bit because people sold, not because some dumbass conspiracy shit

>>29489718
>conspiracy shit
the secretary of treasury literally saying that she is looking into regulating crypto in the new york times is a conspiracy? that is not the definition of conspiracy nutjob

>>29486142
>NOOOO, YOU CAN'T JUST CONSUME ENERGY

>>29490093
I saw someone saying btc is using as much energy as Vietnam or some other shithole

Fuck that fat ugly hoe. I'm turning on my gtx 970 to mine just to make .05/month but run up some more electricity. Fuck the environment. Faggots.

>>29486142
remember when BTC dumped over 25% in december? calm the fuck down

To be fair crypto is an energy hog kek. Although ASICs are a lot more efficient than GPU mining.

>>29486431
this take is so low IQ i wonder if you're even alive.

>>29490945
nigger its literally the main reason it was created, do you sniff your dealer cum?

>>29490093
>>29490325
The policies of the Democratic party are converging on this point- we need green energy, but green energy sucks. What do? Force limits on energy-using technologies.

Ironically this is going to force crypto into a pure right-left divide. Double ironically it means Kenfucky will soon be more advanced/richer than Massachusetts as red states increasingly adopt pro-crypto stances while blue states move to ban blockchain, nuclear power, space travel and other futuretech in the name of "muh environment" or some other banality.

Did Tesla cash out their btc?

>>29490325
>bitcoin energy consumption goes brrrrrr

>>29491356
Well, it said the btc slide reduced Musk's wealth by 15.2 billion, so I guess not..

>>29491275
>nuclear power
lol the cleanest energy ever created, why are lefties so incapable of thinking

>>29491970
this is what seems to be the case, because of his $1.5B in BTC now TESLA is directly tied to the price of BTC...

>>29486142
You're a nescient newfag. Those are justifications.

A) We aren't crashing, we're correcting

B) BTC was below $30k within the past 60 days. Nothing goes straight up. These corrections are regular in a bull market...just fucking buy and wait.

>>29492295
It's not really anything new to say, but leftism really does function in terms of theoretical dogma rather than using ideas that are actually proven to work. "Nuclear energy bad, if green energy doesn't work we just throw money at it until it works. Reality must conform to my beliefs even if it is physically impossible for it to do so."

>>29486431
If BTC remains live during a financial crisis and allows people to manage their money however they want without interruption, it accomplishes its goal regardless of its price in relation to fiat and other bull shit.

>>29490050
we know precisely what the end goal of that regulation is in the long term. iso 20022 and fednow.

>>29493321
how is that different from a credit card ? during the 2008 crises bank worked normally too.

>>29491275
that might be the most pro-nuclear graph i've ever fucking seen.
shit goes tits up, but those ebil ebil nuke plants just keep on trucking along like "fuck you weather, we do our own shit"
of course the dems want to ban them all. anything that advances anyone will be struck down because those poor poor POC's can't keep up.

It was also because of this

>>29493539
followup.. with the grid reliability is what matters, having a peak output drastically higher than the baseload is actually a problem. Storage is exponentially more expensive than production, and power has to have a place to go.

in that light nuclear is pretty much the best option (until fusion which is always apparently 50 years in the future) . the waste issue is probably 90% FUD, as with proper fuel cycling the eventual waste has a half life of about 50 years. If it's radioactive enough to be a problem, it's also radioactive enough to be used as fuel.

Fuck jimmy carter and the anti-proliferation faggots.

and BTC

Thank Kraken for this. They leveled a hedge fund 100%

>>29493479
No they didn't. People in Greece couldn't withdraw more than $60 per day from banks. If you don't have a credit card, or if you're maxed out, that credit card doesn't help you (and you have to pay interest on that). Credit cards also are predatory bull shit that take advantage of people's stupidity.

There doesn't always need to be a "reason". The market is a price discovery mechanism, the whole point is for it to fluctuate.

>>29494059
>>29494104
Pls be real

It's real along with Yelen, just bad timing all around.

>>29494256
sharp shooter nigger, I can say the same about when people get locked out of their btc accounts for random reasons or when brokers stop working/get hacked/disappear. stop being black.

>>29494747
No one gets "locked out of their BTC account." People lose their private keys maybe?

Tether just settled with the NY Attorney General. Upwards to 100k we go. Better all be back in now.

>>29494104
rip

>>29494859
you are such a dishonest nigger. just ignore the amount of times brokers got fucked or disappeared.

>>29495266
That has nothing to do with BTC. Those are third party actors. I'm talking about the BTC network.

>>29495711
people like you are the reason BTC is called a scam, you act like if the majority of people dont use exchanges, stop being such a dishonest faggot. BTC is not even close to safe as a credit card.

>>29486431
The issue with your statement is BTC is not the same Bitcoin as described in the White Paper.
>You’d know this if you read the white paper..
Bitcoin was a P2P Global Digital Currency. BTC (Core) is a store of value