/biz/ - Business & Finance

>>58417994
Ordinals are often viewed as a scam, representing yet another affinity scam. This occurs when a product, token, group, person, or thing associates themselves with Bitcoin (BTC) to gain credibility. Since BTC lacks a CEO, foundation, or official media team—its most visible advocates being overly enthusiastic maximalists on Twitter—there is no straightforward way to counteract falsehoods or misinformation.

Ordinals are not a part of the Bitcoin protocol and are seen as a misuse of a mechanism that wasn't designed for "inscriptions." They mislead their audience, profiting at their expense, and divert resources that could otherwise be used to acquire more Bitcoin. Moreover, ordinals often flood the network with unnecessary data, which can be seen as spam. This not only clutters the system but detracts from its original purpose, further complicating the user experience and diluting the core value of Bitcoin.

Whenever you encounter something—whether online or in the real world—ask yourself: "Does this make it easier or harder for me to purchase and hold Bitcoin?" This question taps into the potential that Satoshi bestowed upon us. Despite the allure of technology, many get caught up in the pitfalls of cryptocurrency. At the end of the day, involvement in alternative cryptocurrencies might hinder or possibly even aid Bitcoin adoption, but one thing remains certain: it potentially separates you from your BTC.


Oh and Matt is one of the nicest, most intelligent good guys online ever. A true gem.

how can i buy a car instead of bitcoin if bitcoin is going to 1 M?

how can I buy food instead of bitcoin if bitcoin is going to 1 M?

If the price goes up forever it never makes sense to sell so you can never buy anything you want

what a scam

>>58191260
I understand but that's not even diminishing returns. Diminishing returns would be to top out around the 80s.
I think the mistake nearly everyone is making this cycle is that they are continuing from the previous cycle instead of treating this as the beginning of a series of cycles or maybe even a final blow off top before a long period of consolidation. Gold did a 6x since the ETF launch that puts BTC at around $300k but Bitcoin is much much much better than gold and the supply is inelastic and there's a lot more money that can flow into it. so $500k is actually reasonable.

Alts will underperform because ETH will not be approved. They are being sued and ETH and staking will be treated like a security and so will the vast majority of current crypto projects. Doesn't mean some won't moon but we will finally decouple bitcoin from the rest of the garbage like stable coins and VC coins.

Trust me on this. It's orange coin. Everything else is just a different play, even though, right now it looks like its all the same because how they are listed on exchanges and websites.

Anons, how can one be more like Charlie Munger and soldier through everything?

>>56624373
there is a big football game here coming up this weekend. im going to borrow 50 bucks to a friend and each of my bros so they can create an account on a online betting broker that is giving out free bets for first time users.

>>56459145
>SLQ%

I just tried to sign up for friend.tech using my hot wallet and it drained all my eth and my usdc. Thankfully, it was just my hot wallet, so I only lost $1600. But still, ouch. Be careful out there guys.


dapp-friend dot tech is the URL. I think its a phishing scam.

>>53936123
This is clearly a negabart, but no one will listen to me.

>>53724907
None of these idiots know.

Its based off max supply.

Here are two well known /biz/ examples:

Chainllink
Max Supply: 1,000,000,000
Make it: 10,000
Sui: 1,000

iExec
Max Supply: 86,999,785 (round to 87,000,000)
Make it: 8,700
Sui 8,70

So you can deduce that a make it stack is roughly 0.00001 of the supply and a sui is 0.000001.

>>51069128
You pay zero on all gains when you withdraw in retirement.

>tfw i will be multi quadrillionaire

>>50438149
Nuvigil

>>50365501
My mortgage payment is about 4k per month. I would be freaked out if there was only 5k in my bank account.

Can RESET be mined?

>>50347755
cryptotradealerts dot com put out a call on it

>>50214486
Her job is to be available to the bankers for sex.

>>50136758
Another machine

yes and then again back to more real money

yes but so is the next bullrun

>>28595019
He is the source, bros.

>have ledger but use blockfolio to keep all my crypto in
am i retarded?

want to buy some newer shitcoins but blockfolio is limited as fuck, do i just buy them on metamask and transfer them to blockfolio or leave them in MM and track them through an app

probably an autistic question but any help appreciated

>>28374607

>>26068502
I did the calc this morning.
If you would have bought at 0.01 cent during the (((COVID))) crash. $10,000 wouldve netted you 1,000,000 ADA. Just staking that alone in exodus wallet wouldve generated you 51,400 ADA (5.14 % APY) per year.

Knowing ADA is going to at THE VERY LEAST $1, you wouldve became a millionaire this year with a passive income of $51,400. Now you probably missed the train but the chance is still (somewhat there) if you believe ADA will be a $10 stable coin in the next 3 - 5 years a make it stack now would be 100,000 ADA, and so on (10,000 ADA if it becomes a $20 stable coin, 5,000 ADA if it becomes a $30 stable coin). Whichever the case you should get a bag and hodl long term. ADA isnt going anywhere as long as ETH remains #1 and thats a fact.

>>25755691
Suppose that for a simple second of time - man, the beast who has conquered fire, - finds the significance and valuation in an item not dawned onto his other tribesman; for of course, the notion of the fact is the item in it of itself is useless, its valued is perceived as useful, thus, it can be said its in-valuation is thus the result of said valuation and thus of course without repose - and with just sanctity - it is, which by contrary juxtaposition to that matter, is derived value - in it of itself - pure and utter significant in the form of divine utility.