/biz/ - Business & Finance

>>8448080

>>7933328
which means botnets and hackers can be profitable again

it's crypto dark age and a devout catholic is leading the way

humans are the worst part of this whole system
ai overlords when?

>>7933890
PoS leads to oligarchy
the wealthy have excess wealth they can stake and influence the system, the poor do not have the luxury of staking as they scrape by on income

While I agree Core has one of the dumbest devs in the field and made BTC useless for at least a few years longer, BTC still has the brand name for the time being.
This guy explains it far better than me:
https://www.youtube.com/watch?v=OD9MqRwEaQQ

>>7171285
This.

>>7092579
You could do reversible transactions with/out a LN on any blockchain... BCH could have its own LN, or another solution, if there will be demand for it.

bump

>On December 10, BTC futures trading went live. The first set of those contracts is set to expire tomorrow, January 17.
>As the price of BTC was ~$15,000 on Dec. 10 , the first BTC futures contracts, which expire tomorrow, were fixed at about that same price. In a simplified form, this means that tomorrow:
>the "short" side of those contracts must give the "long" side a BTC (which could simply be bought at tomorrow's market price) [Edit: as others have pointed out, these contracts are cash settled, so the "short" side doesn't actually swap a BTC - it just pays the BTC market price at expiration. However, the net result is the same either way] ; and
the "long" side of those contracts must pay the "short" side $15,000 in return.
>Now imagine you are a large hedge fund evaluating these contracts, and the crypto market as a whole, on Dec. 10. Obviously, making a large bet on either the "long" or "short" side is extremely risky, since the price of BTC when the contracts expire (January 17) could very easily be $50,000 or $500. This makes large bets on either side a bad option for a large institutional investor like yourself.
>However, you also know that crypto is still an emerging market with a large amount of new investors and "dumb money." And because you are a large hedge fund, futures contracts opens the door to a third option: make large bets on BOTH sides to gain risk-free market leverage, use that leverage to manufacture market chaos, and profit on the near-guaranteed ripple effects of that chaos with virtually no risk. Here is how:
Bet big on the "short" side of the futures contracts on Dec. 10. Let's say you do this for 10,000 BTCs. This means that on January 17 you will owe 10,000 BTCs (Edit: cash equivalent) to the "long" side of those contracts, receiving $15k per BTC ($150,000,000) in return.

>>5796823
bitcoin cash. it's a great long-term hold.

errrrrpppppp 1mb is big enou-

500kb is big enou-

200kb is big eno-

>>5658153

It's the future
"next gen" coins are inferior in elegance.
Bitcoin Cash is the plumbing, the rebar, the ground beneath our feet

>>5640330
Bitcoin Cash has significant hashpower security behind it and acknowledges the same genesis block as the segwit1x fork

>>5636783
>Tell me what coin would reasonably be number 1 without scaling issues?

BCH could scale x100, then it'll have to start working on new solutions, but x100 gives it at least 2-3 years, which by then BTC will be long dead.

>>5637246
>he cashed out

Cash

what do you think about blocksizes?