/biz/ - Business & Finance

>>56750997
>Perhaps you are retarded if you don't see Bitcoin as a tremendous store of value.

Nobody outside of the maxi echo chamber sees or uses Bitcoin as an actual SoV, its literally a forced meme at this point.


>I guess the game theory of the billions and trillions of dollars backing that price point goes over your head so you denote it as unpredictable.

lol none of that means anything if you can't reliably anticipate the ballpark price, weeks, months, years in advance. Actual stores of value have decades/centuries-long track records demonstrating sustained price stability, that's exactly why they're trusted enough to be used thusly. Bitcoin, on the other hand, has an utterly abysmal track record for dependability, imagine buying it as an actual store of value at $69K lmao

The only thing Bitcoin has actually been useful for was kickstarting the darknet economy, now it's functionally useless as currency, non-existent as a store of value and thrives only as a ponzi token for whales to play with.

>>54977264
>Exchanges are starting to ask for the purpose of monero withdrawals.

Get the fuck off CEXs already.

>>54759759
>Adoption is bearish, not bullish.

Do you even realize how utterly retarded that sounds? Adoption is the ONLY reliable metric of actual value, price is just what you pay.

>>52917585
>Wrong. The Lazarus group chain-hopped BTC (obtained in the WannaCry ransomware attacks) to XMR via sideshift, which was successfully de-anonymized by chainalysis because sideshift's API was able to give them important metadata about the transactions (the time of the transactions, the payment IDs, the amounts, etc). This was back in 2017, so monero had weaker tech than it does now (the Lazarus transactions only had 3 decoys in the ring signature), but regardless it was a notable EAE attack in monero.

uh, that wasn't an EAE attack, that was full-blown retardation:

- used a custom ring sig of 4 instead of the standard 3 which made them stick out like a sore thumb. BTW custom ring sizes are impossible now.
- used payment IDs (off by default, deprecated in 2019)
- sloppy use of transparent ledgers
- depositing amounts totaling very close to the exact amount they stole into THE SAME transparent wallet
- all of the above on a KYC exchange

Lesson: Monero or any other privacy coin won't protect you from atrociously bad OPSEC.