/biz/ - Business & Finance

>>54327091
>BTC is compromised, convince me to the contrary.
Has been for years.

>>54311353
>Well, poorfaggot, I also don't roll around with bulging pockets when I go places and pay with ones.
More irrelevant nonsense
>will be replaced by BTC for clearnet tier purchases in broad daylight.
Even bitcoiners don't believe this nonsense. Bitcoin is shit as a currency. Token unironically not needed.
>XMR is going to be the generational wealth.
XMR is going to be the ideal realization of peer to peer digital cash and there is nothing you can do to stop this.

>>54078082

hey folks, I am thinking of putting together a static site called "shit bitcoiners say" or "shit etherium users say", and just collect stupid quotes from bitcoin/crypto shills posting blatantly incorrect facts.
So if you know of any good quotes like pic related of notable bitcoiners, eth, (or even shills of other coins like xmr) then please reply (preferably with links or archives attached).
I prefer if they are quotes from notable users, devs (even satoshi) that generally have gone uncriticized or uncontested in the community. So it seems like a criticism of histronic crypto shills in general and not just some takedown of some nobodies whose ideas are not accepted by the community.

>>52744917
words words words.

The semantics are irrelevant to my point. Some people want gold because they just like to look at shiny yellow rare metals, you might call this "intrinsic value" if you were not a retard. Some people want gold because they use it to make other things that they want (electronics, etc.), you might call this "extrinsic value" if you were not a retard. Even if people decided that shiny yellow rocks did not have a good brand, and were uncool, then it would still be valuable to people who want to use it to make other things.

Bitcoin does not have "extrinsic value" in the same way. There is nothing that bitcoin is innately useful for. You could say that it is useful as money, but that only works insofar as people accept that it has some value (based on expectation of future value). In fact, it might even be a good investment if you intend to profit off of the buy pressure created by people expending their bitcoin through fees. However, bitcoin has other characteristics that make it useless as money, so this will clearly not pan out.

Almost nobody uses gold as money because it is inefficient. However, gold is still a superior form of money than bitcoin, which is also unused because it is inefficient. Bitcoin is only used insofar as it is similar to (centralized) banking systems (e.g. LN, fedimint, etc.) which are more useful. These centralized systems on top of bitcoin destroy the use case of bitcoin in the first place (https://www.youtube.com/watch?v=tKYEQVPklLI)) while depending on bitcoin "L1" fees that they do not contribute to (https://www.truthcoin.info/blog/lightning-limitations/).).

Ultimately it does not change the fact that bitcoin is not useful payment infrastructure.

Are the Blockstream rats starting to jump the sinking ship? They now promote an altcoin called 'grin' in plebbit which is better than their shitcoin.

Let me get this straight. Even the BTC devs claim crypto is nothing but a scam and can't work as money, at least not without a LN which still looks far away and won't work as money for years.
So seriously, why don't we just keep using paypal and credit cards? And even if we want crypto, Ripple and other private digital coins work perfectly right now. Why is BTC still a thing today? It failed to do what it was created to do, which is work as a currency. The only thing it succeeded at is bankrupting millions of gullible people who fell for the scam.

Can bitcoin survive not being first on cmc?
It seems to me it can't, because the whole narrative relies on bitcoin as being _the_ 'store of value' and thinking it's the only coin that matters. Once it loses the #1 spot even for a day the whole meme structure collapses into dust.

>>11515308
https://bitcoinschmucks.com/

the absolute state of
>Bitcoin: A Peer-to-Peer Electronic Cash System