/biz/ - Business & Finance

>>17499324
Which means governments will print fiat pumping cryptos.

>>16280268
That was the fair price in 2010 tough.

>lol it's actually the other way around tho. whatever the price goes up to the hashpower will grow to eliminate profitability of mining.

Not at all the base price grows as supply decreases.

1_All the miners have a reduction of 50% of their income in bitcoin.
2_Their electric costs remain the same.
3_They now earn 50% less
4_They refuse to sell at this price because they know everyone else doing mining is under the same situation.
5_Price starts to go up due to lack of supply in the market.
6_Eventually price does 100% increase and miners could be in the green again.
7_Speculation starts at what will the top price be.
8_Miners still refuse to sell because it could go up even higher.
9_Miners having different electric costs all have different breakeven price.
10_Price keeps going up as news spawn all over the world.
11_A bubble starts to form
12_Some miners start to sell to pay electricity
13_Bubble becomes insanely big
14_All miners start to sell.
15_Fees become massive
16_Bubble explodes
17_Price collapses 83%.
18_The new bottom where everyone tells bitcoin is dead is literally so big that years before it would have been considered insanely high and that it would never happen.

The thing is that while monero has constant decrease in supply btc is drastical and moves the whole market so bubbles form , but this that i pointed above is the thing that moves the price.

And as supply collapses brainlets like bsvtards think this will make mining unfeasible in reality block rewards keep going up even tough supply is reduced because the game theory is perfect.

https://bitcoinvisuals.com/chain-block-reward

https://bitinfocharts.com/comparison/hashrate-btc-bch-bsv.html

Protip LTC miners are capitulating hard now , ltc will be the best performing coin in the next bullrun.

https://www.asicminervalue.com/

>>16189800
Shabat Shalom as you may have noticed the last week our beloved board became the target of the vile bsv shills.
For this reason i created this general to post facts against BSV and it's evil creators who go against the spirit of crypto and freedom , here are the facts:

1_BSV Hashrate is so low that a small mining pool can 51% attack it

https://bitinfocharts.com/comparison/hashrate-btc-bsv.html

2_ 96% BSV transactions come from a fucking weather app

https://bitcoinist.com/96-of-bitcoin-sv-transactions-come-from-a-weather-app-report/

3_If you don't believe the thing in point 2 all you need to do is look the average transaction size of every crypto.

https://bitinfocharts.com/comparison/transactionvalue-btc-eth-ltc-bch-bsv-xmr-doge.html

even dogecoin moves more money

4_BSV mining is centralized massively and dominated by coingeek

SV

https://sv.coin.dance/blocks/thisweek

BTC

https://coin.dance/blocks/thisweek

Worse nodes are even more centralized

Only 468 nodes using the same client vs btc having more than 10k nodes using different clients.

https://sv.coin.dance/nodes

5_BSV HAS 1GB size blocks if full , this mean 52tb per year blockchain growth and an ever decrease ammount of nodes hosting it for free(only pools need to be nodes and there are 8 pools on bsv so 8 nodes will receive monetary incentives to host it).
8 nodes hosting CP basically.

6_BSV allows people to upload shit like videos and illegal stuff like cp will be uploaded there 100% knowing it's open.

7_Combine point 4, 5 and 6 and eventually you will end with a centralized blockchain with a few nodes sharing child porn that will be taken down by governments.

8_The fact that SV shills constantly attack other cryptocurrencies and threaten their destruction and even support capital controls show they are not just attacking btc but want to destroy crypto and the recent shilling campaign shows they are paid to do this.
With love , Greg Maxwell.

>>7997808
Nigger is correct.

https://www.youtube.com/watch?v=ntPsRj0gRoM