/biz/ - Business & Finance

>>29848154
I have no problems with Segwit but if you look at the code changes you’ll see BTC was stripped of all its currency and scalability protocols. This changed it from an infinitely scaling P2P Global Currency able to free the lower and middle class from erroneous processing fees to a store of value (fleeting store of value) owned by the Bildeberg group, MasterCard, and Blockstream.

This isn’t a bad thing, it’s not just what the project was originally created to do. As a result we have the opportunity of a lifetime to generate wealth in a self-fulfilling bubble but there are consequences god forbid the house of cards were to ever go down. You seem to genuinely be asking anon so I’ll lay it out for you
>Bitcoin hijacked by Sybil attack
>BTC (core) emerges as a store of value supported by bankers
>Thousands of alts created in lieu of a small handful of protocols that could handle all of the use cases we’re seeing developed
The good news in all this?
>because BTC is banker owned it’s very likely BTC will continue to retain its #1 position and continue to grow exponentially in value because it’s the primary off ramp for most exchanges from Crypto -> FIAT
>the more alts, the more speculative money is created as a result
>speculative (generated) funds flow into BTC / ETH
>price moons while public is shilled to buy in
>reach new high -> funds begin exiting -> alt market corrects -> buy back into alts at a lower price -> rinse -> repeat

Check out Grayscale’s holdings who have mutual owners with Blockstream.. the company that handles the lightning network implementation for Segwit:
>https://www.bybt.com/Grayscale

None of this is “FUD” or “negative”. It’s reality, and anyone who is seeking to effectively trade between cycles should know this information. Retards like that namefag PDJew don’t know his history and will be left holding the bag
>schizo BSVer
Nothing schizo about understanding a situation as it is and trading accordingly.