How do you value a crypto without speculation?
How do you value a crypto without speculation?
Caleb Reed
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Eli Ramirez
>crypto
who?
Easton James
>value a crypto
ZERO, there is nothing backing them.
Literally putting value on a number.
Crypto-currency is a giant Ponzi scheme.
Leo Parker
>this is what fiat-loving, bankster-worshipping NPCs actually believe
The irony is staggering.
Joseph Hernandez
The USA dollar is backed by the largest military in world history and ~330 million citizens it can tax. All sitting on one of the most resource rich countries in existence.
Zachary Walker
Please tell me what back crypto-currency??
Josiah Peterson
pic rel
Cooper Sanders
>my jew-printet inflationary toilet paper certificate of debt slavery is backed by the low IQ thugs known as the US military
They're being replaced by literal trannies as we speak, though. Anyway, the fact that you need armed subhumans to convince people that your toilet paper is worth something, while cryptocurrencies need no authority to back them whatsoever, speaks for itself. :^)
Asher Butler
>while cryptocurrencies need no authority to back
Because there is NOTHING backing them!
They are just number, literally... just numbers.
There is NOTHING there to back it up.
It is a modern Tulip mania.
en.wikipedia.org
Samuel Lopez
Imagine being this fucking American and this fucking retarded.
David Sanchez
You would get a better return for your money buying weasel shit coffee
Alexander Lopez
Every valuation is a speculation user.
It’s why DcF on its own doesn’t work.
Aaron Fisher
Correct.
Fiat currency has value because the local government forces you to pay taxes in it, forces you to receive your wages in it and forces you to use it to purchase goods.
Even if none of those were true, fiat money would have value because you need it to pay bail.
Brody Reyes
It's utility.
It's very simple: speculation is itself the idea that some investment will appreciate. Why do investments appreciate? Because people wish to buy them, when certain crypto platforms announce good news about releasing staking for example, the price jumps due to speculation, but it's the speculation that more people will use the service in the future than do currently
Jack Reyes
>It's utility.
How it is ANY more useful than a regular credit card or debt card??
OR just cash
Carson Bennett
useful how?
Monero, for example, is useful for people who don't want to be tracked or who don't want their wallet balance to be public
Whether or not it's more useful than credit cards or cash is up for debate. To buy groceries, or a car, or to receive a wage of course fiat money is more useful.
Crypto doesn't need to be more useful than cash or credit to have value, it just needs to have a utility that cash and credit don't.
Bentley Cook
>useful for people who don't want to be tracked or who don't want their wallet balance to be public
Money laundering for criminal activities.
Now I understand.
Landon Campbell
well yeah, that's pretty much how ripple and others started being used was to circumvent law enforcement. But blockchains can be used for lots of different applications, recording information for instance, or for executing ditigal contracts, nfts (god help us)
Gabriel Scott
Crypto has no use case except crime, is highly centralised, uses up a small country's worth of power to do about 7 transactions a minute. It's been 13 years and no-one is using it as a currency. It's monopoly money used for speculation.
Nathaniel Bell
its social technology, value is derived from a social game of people all coveting a scarce good. same as gold, same as fiat, same as btc.
the concept of inherent value is copium, if it wasn't show me on an NMR where the valueite bands are
pure copium
if you want to learn how to value crypto without speculation, read pic related
bonus: works for everything else
Cameron Anderson
>is highly centralised
Do you know what "centralised" means?
Lincoln Myers
fiat is infinite growth model on a finite planet, all wars are bankers' wars, as USD is blood diamonds
the environmental and social cost of fiat has been nimby'ed to the middle east and eastern europe
fiat needs broken window economics to survive
hard, energy backed money, is money of peace
tomahawk missiles do not provide the same output as a hydroelectric dam
Query energy consumption US navy
also include sunken nuclear submarines
Cameron Peterson
When around 5 mining pools control most of bitcoin mining, and if they colluded, could stage a 51 percent attack.
Also, the network is decentralised, but all the data on the blockchain is still one system. It is a central system.
>is fucked over by the current system, so decides to remake the current system, but worse.
Lucas Hernandez
>ummm sweetie didnt you know all value derives from drone striking arab kids?
Evan Smith
>all these pro-capitalist class cucks who are trying to reinvent capitalism, rather than abolish it.
Read "Debt: The First 5000 Years" by David Graeber.
Cash, whether fiat or not, is an invention of states.
Jonathan Richardson
based graeber poster
youtube.com
Andrew Russell
Value is subjective, all action is speculative. The best 'speculators' are able to profit by adjusting their action in accordance of their less error free judgement of the aggregate valuations of all other subjective minds.
Brody King
No it's not, money emerges in a free market. It's the most marketable good. Graber is a marxist and an economic illiterate. His books are complete garbage and have been thoroughly refuted.
Landon Davis
> No infinite and invisible money gun greasing up raytheon, boeing and lockeed martin for the never ending war against ocean and eurasia
> Not forced to legally forefit money just to use the POS machines in stores (your keys, your coins)
> Flash loans make fx arbitrage profitable for anyone, not just the 10 billy club
> double digit interest rates instead of 0.5% and a monthly fee (for the pleasure of them pretending you own 'your' money in a bank)
I don't know whose perspective your coming from, but for 99.99% of people, its is a multi generation upgrade
Joshua Cook
>>ummm sweetie didnt you know all value derives from drone striking arab kids?
If you only knew how incredibly little I care about a few future terrorist being killed.
Oliver Young
I can buy drugs and hire hitmen with it, not only that its worldwide and completely useable without any government oversight
Liam Roberts
Any crypto that is not PoW is technically worth nothing
Jace Martinez
post link to new thread plz
Daniel Stewart
this cryptards will try to dismiss this point otherwise they will off themself
>dude fiat is totalitarianism, the current economy is inflation-based
>buy crypto, the heckin' hard currency
It's just like the old time when quitting job to investing is the only right move. They have no fucking clue about nothing, only some nonsense shallow reasoning and the fact that some dudes luckily get rich (bro just ignore people who lost money, because only mediocre people are not willing to take risk). It's no coincidence that crypto trend first blown up from america
Benjamin Ramirez
The fact that cryptocurrency can be transferred internationally without a central authority means more than you think: it effectively moves the trust away from a government/bank/etc, and into the network itself & the strength of the cryptographic algorithms that prevent double-spending, create trust, etc. The techniques behind the big successful cryptocurrencies (proof of work, proof of stake) are novel, they achieve something that was thought impossible before bitcoin, that being the irreversible transfer of tokens over the internet without a central party to oversee it. Of course those tokens gain value, they are the only thing of their kind, and act as a hedge against trust in governments and international trade.
Isaiah Thompson
See , cryptocurrency is backed by the strength of the algorithms and systems that make trust in a central authority for long-distance international trade unnecessary. It's easy for a smoothbrain to underestimate the difficulty of that achievement, because most of the problems preventing it are very technical. That's what the original bitcoin whitepaper was about.