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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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55572255 No.55572255 [Reply] [Original]

How did we let it get to the point where redditors are more insightful than /biz/nessmen?

>> No.55572375

>>55572255
that doesn't even sense
>starts talking about vidya
>pump and dump crypto
>ponzi scheme
>streaming replaced tv and movies
>it's web3

no it's just tv and movies you should go back to buttcoin I'm banned btw made a mod look retarded (he is a seething boomer retard who missed the entirety of bitcoin from early 2010s) so he permabanned me

>> No.55572394

Post 2021 /biz/ is a total cesspool. It was already bad after the 2018 bullmarket, but it got even worse.

>> No.55572423

>>55572255
not insightful and comes straight from the mind of a marvel-pilled consoomer.
>muh Netflix and Hulu are the centers of the world
Nope. The relevant crypto (as in, not shitcoins) are players in the restructuring of how global finance connects with eachother
Dwarfs that dumb pop culture shit le Redditor was talking about

>> No.55572683

how is streaming web3? do you even know what the concept of web3 even is?

>> No.55572822
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55572822

>washed up japanese whores in their late 30s who used to be popular on niconico in the 00s are Web 3.0

>> No.55573083

>>55572683
he literally explained it in the post. are you retarded, perhaps?

>> No.55573133

>>55572255
streaming, video on demand etc. is still Web2.
Web3 changes completely how ownership of digital assets, digital identity and finance works and with Web3 people dont have to trust into centralized institutions anymore as smart contracts perform all business logic.

tl;dr the redditor is clueless

>> No.55573151
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55573151

You will always be a slave as long as you wear their chain of fiat around your neck.

1) Hard money forces positive sum activity as everything has to balance.
2) Hard money fell out of favor for transactional not economic reasons during the industrial revolution.
3) Politics always favors soft money because it enables easy and opaque theft.

BTC solves money, it is technical fix for a political problem, it is transactionally easy hard money, that is the value of crypto.

You can't sell corn for less than it costs to produce, unless you pay people to grow corn. This is a supply-side subsidy, social spending acts as a supply-side subsidy for labor, if a worker needs $x to exist they CAN'T sell their labor for less than $x, but what happens if we give them food stamps, subsided housing, Medicare etc? Well now they can sell their labor for less than it costs to produce!

But wait! How were those social programs paid for? Deficit spending? You mean counterfeit money? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets) THIS is the driving force of the wage/productivity divergence seen since the 60s.

Notice that asset inflation also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers (really any boomer dominated field) get paid so poorly, $60k seems like a lot if you bought 20/30/40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.

The entire fiat grift rests on debasement outpacing wage growth, such that real wages fall while assets inflate (parasitic transfer of resources from income earners to oligarchs). PoW crypto allows workers to opt out of the fiat grift, BTC will pump because statist fucking shits will never stop debasing.

>> No.55573175
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55573175

>>55572255
>fuddies are now regurgitating 110 IQ plebbit agitprop unironically

>> No.55573215

>>55572255
Nothing that he wrote was insightful, video streaming was part of web 2.0 and hasn't changed as much as he claims.

>>55572394
Threads about Bitcoin are still good compared to the other shit you'd see here, which is also how I would have described /biz/ back in 2018, so if you ask me it hasn't changed all that much.

>> No.55573236

>>55572255
>Hey guys look at my reddit post!!
Kys, you need to go back.

>> No.55573250

>>55572255
>crypto didnt change shit

>literally can now send money within 4 seconds to anyone anywhere in the world using xrp

>before this it took days sometimes weeks

>> No.55573251

>>55573151
dude who the fuck cares about fucking bitcoin how retarded are you

the beta test is done, its over

now we can actually use what bitcoin was supposed to be

>> No.55573343

>>55572255
Imagine reading cope posts from terminally online cumbrained redditors that had 13 years to buy bitcoin and didn't. That could have bought BTC sub $10 and instead spent their time and money in reddit gold (now useless kek) and upboating cope posts by other retards.

>> No.55573352

>>55573343
>THEY HAD 10 YEARS
>PLEASE BUY MY OLD EXPENSIVE SLOW PIECE OF SHITTT

hahahahahahahaha

>> No.55573378

>>55572255
>Web 1.0 was the web as flyers and catalogues
retard

>> No.55573412

>>55573352
I paid off my house with that old expensive piece of shit. You are priced out of both a house and BTC, and your recourse is to cope post feigning dignity while you strike on reddit kek

>> No.55573423

>>55573412
>I got lucky many years ago which means people now a days will still!

>> No.55573427

>>55573378
That was stupid

>> No.55573452

>>55573423
>lucky
Ahhh the smell of pure, fresh cope in the morning

>> No.55574264

>>55573083
no he didn't, do YOU understand what the concept of web3 is?
the fact that streaming happens in a web2 environment makes it impossible for it to be web3

>> No.55574306

>>55573423
>bitcoin=luck
The best usecase, buyable luck.
I am being lucky today by buying myself some.
Many years from now i will still be buying myself some luck.
I will never stop buying luck until the day i die and my son will take up the tradition.

>> No.55574322

>>55572255
>posting his own reddit thread here because he didn't get updoots there
Nigger faggot, your takes are dogshit

>> No.55574710
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55574710

>>55572255
>thanks for coming to my TED talk

>> No.55574734

>>55572255
>streaming
anyone else old enough to remember when ISPs cried "oy vey anuddah shoah" over monthly bandwidth caps? funny how that has mostly disappeared.

>> No.55574756

>>55572423
>global finance
>major conference sponsored by dog coins

Bahahahahaha, Chaincuck cult member detected. You have to be 18 here bro

>> No.55574785

>>55572255
when will retards understand that crypto is only for gambling and scamming? maybe never. Every "innovation" that crypto has is a meme to lure in suckers for the next pump and dump.

>> No.55574801

>word salad
>insightful
if your point can't be made in one (1) crudely drawn ms paint image of a cartoon frog shitting his pants it gets discarded

>> No.55574813

>>55572255
sounds like some jeet just chasing fast cash wrote that. stopped reading after title. why is this on biz? you can literally just use reddit if you love it so much.

>> No.55575739

>>55573251
Usecase is MONEY, always has been, always will be, the fact you still can't see this is pathetic.