/biz/ - Business & Finance

>>11379065

1mb blocks 4ever

>>11379065
>supposed store of value
>is used as super volatile speculative asset

>>11379085
no bitcoin dev ever said they want to keep 1mb forever.

>>11379065

Blockstream

>>11379065
is bitcoin Cash better?

it takes an hour to send coins to someone

>>11379178
with BCH?

requires a stupid amount of electricity to function

>>11379065
Clogged network, high volatillity, concentration of mining power.

will lightning network fix everything?

>>11379376
It certainly doesn't fix the fungibility issue.

>>11379065
nothing shit is fine
>>11379184
bch is no different from bitcoin in any significant way.

https://ethereumworldnews.com/bitcoin-developers-advocate-lightning-network-alternatives/

lol wtf, even lightning devs are saying to find something else. bitcoin is finished

>>11379065

Nothing has gone wrong moron. We created fucking money ourselves.

> Internet Magic Bean is now worth $6,000+

> Had zero value before. Then a few cents. Value of a $1 was celebrated

Now we have all kinds of monies. Mostly scams but the fact remains, we can create our own money.

>>11379403
so whats next?

>>11379065
Obvious market cycle, Kek. I sold all my 100 btc when mempool was clogged and made 2 million. Yesterday I went all in on bitcoin (Bch) yesterday at $430. I’m going to be one of the richest people on earth soon.

Nothing. Crypto is the stock market for millenials. When new companies will be created they'll make a token out of sheer greed instead of fucking around with outdated stock market.

Buy bitcoin and watch the baby boomer's bank failing

>>11379422
Lil Windex - Bitcoin Ca$h (OFFICIAL VIDEO)

https://bit.tube/play?hash=QmQavCBhFDCKqcxoUmU5xZXXkyF19o3HTcfTQwMMFLk6Co&channel=39140

>>11379413

Nobody fucking knows what's next. If history repeats itself:

> might see a bit of a spike in November.

> Then stagnant and lower most of 2019

> upward movement end of 2019

> slightly bullish near/after next Bitcoin halvening mid-2020

> Another bullrun in 2021

If the value continues to move up in the long run, it's not clear now much BTC can be valued at. $6K for a magic token is already insane. And you're unlikely to see the insane 1000 x times gains we saw in a shitload of coins like we did in 2017. Most of these are marketing hype and the longer the crypto market is around the more obvious it'll be because they aren't delivering shit. Surely there is higher returns than stocks and money to be made and it's nice to have "money" in your own control so that's why I am around.

>>11379403
>Nothing has gone wrong moron. We created fucking money ourselves.
This so much.
We beat the boomers at their own game.
It took the boomers with their asset-inflation like 40 years for what we needed less than a decade in many cases less than a year.

>>11379496
To pump the net worth of many anons up

>>11379475
this is exactly what I imagine every BCH holder looks like

>>11379065
Outdated tech. Bitcoin will go down as the lycos/altavista/askjeeves of this era only to have its shit pushed in by the google equivalent of a crypto.

>>11379550

Explain why it’s outdated please.

You “muh outdated” posters are always the worst fucking n00bs.

It’s called engineering decisions faggots

>>11379396
oh is that so? BCH is no different? Why does it exist then? and why is it the 4th biggest coin?

>>11379689
>Why does it exist then?
good question

>>11379550
>the google equivalent of a crypto.
you mean eth?

>>11379594

- it's slow as shit without using a side chain that people do not want to use. Even your faggot spokesman Jimmy Song said people should use credit cards for day to day purchases.

- Because so few people are using lightning, we're one mad rush away from having $50 transaction fees again.

- Confirmation times are the worst out of all other cryptos. NANO is instant, LTC can do it in 1/4 the time, hell even Ethereum is faster

- It literally has no other functionality besides "muh store of value". It completely abandoned the idea of "peer to peer cash payments" when the going got tough.

You can't run a smart contract on it, you can't develop a dapp on it, you can't even stake it so mining it doesn't use the equivalent of a small towns worth of energy to operate.

Bitcoin is old, dirty, and will be looked upon as we do the steam engine in modern times.

>>11379768
I could see it being ETH, sure. They just need to deliver on some of that tech they have in their pipeline.

cmon i'm tired of being spread over so many shitcoins, which coin is gonna be the phoenix, i'm tired. we have to go all in now, they only made so many lambos, we need them NOW

>>11379797
>which coin is gonna be the phoenix
it does not exists yet

>>11379807
>all shitcoins are ashes.

>>11379786
prasma coming buy now big boi!

>>11379814
indeed and btc can't be the reserve currency it is flawed by conception it simply doesn't scale and it's premined.

>>11379770
do you think it will stick around as the "gold" of crypto? As in a stable store of value but "cumbersome" and hard to transact? or will it legit die and become a novelty

but every coin seems to have weaknesses, every day i read some negative points here on even the most amazing low cap coin no one ever heard about except some autists on a taiwanese paintball Z forum.

>>11379770

>slow as shit
>nano
>ltc

Better figure this shit out before the nexg bullrun n00b

which coin is the phenix? Can we meme it into existance?

>>11379869
the ashes are FIAT and the phoenix is whatever the powers be choose to be the replacement, it will be XRP with bio chips installed in our skins which can be activated or deactivated at any moment determing our job eligibility and many other things. its the actual mark of the beast and we all think were getting rich but were all going to be cattle in the new world order

>>11379884
it doesnt have to be xrp, but if you keep selling your soul every post, then it might be.

>>11379376

yes.

>>11379550
>>11379770

> gold is an outdated tech

Bitcoin is not a tech company. It was just an experiment to attempt create a digital version of gold. Bitcoin just has to be able to prove its store of value over time, prove its security and expand its network effect.

If every few years a better crypto tech comes along and makes a previous crypto tech obsolete, the whole concept of crypto currency doesn't work. Nobody is going to be holding a store of value that will be supplanted by a new generation store of value every few years.

Bitcoin offers some huge advantages over gold. But the other cryptos offer little to no advantages over Bitcoin. Quicker block times and more throughput are nothing when you consider that you have sacrificed the majority of the supply created or controlled by a company or a handful of people (just like fiat with central banks).

And just the fact that Bitcoin was the 1st mover, a digital element that nobody knew what to make of which resulted in fairer distribution over nearly 10 years gives it the closest qualities to a naturally occurring element like gold that we give value.

The ability to quickly transact and deal with high volumes is being confused with the crypto itself. Nobody is doing transactions much less high volume transactions in any crypto after 100 years. The quick transactions will be a 2nd, 3rd layer or more likely 3rd party technology solutions that will be build on the underlying tech.

Nothing is wrong with Bitcoin. It is just being bought and sold for a value lower than it was previously, which was a higher value than it was previously.
There is no other coin better than Bitcoin at being a currency.

normies

>>11379938

> crypto after 100 year

Obviously meant after nearly 10 years KEK

>>11379770

there is only one King bitch. The entire world will use bitcoin

why did satoshi make the cap 21.000
.000

See pic...buy the dip.

>>11379488
>$6K for a magic token is already insane.
It costs finite energy to produce satoshis and to validate them being reassigned to other public addresses. It is only insane if you are overlooking the very real and non-insane cost of running the network in a trust-less way.

>>11379955
so holding btc is a good idea? what about eth?

>>11379845
The only reason BTC can be considered the "gold" of crypto is because it's deflationary. They aint making any more of it. Considering you ignore the double spend bug that took them 8 years to find... (wasn't even them, it was a BCH Dev that found it)

Several other coins can make that claim though. LTC, NANO, BCH, etc. Ideally we'd see BTC be nothing more than a novelty at that point.

>>11379496
>can't actually buy anything with it and can only hope to pawn it off to a greater fool

>>11379938
The thing is that the longer it is unhacked, the lower the chance of any new tech "generation" to appear. Bitcoin is always updated. Money is money, there's no new generation, unless we come up with another concept, above physical, and digital. What can it be? Multi dimensional existence? This is not the time for us to think about it.

now if you ask about those who already got a lot of coin. I'd argue that the world would not get any worse than today if the wealth changes hands. Also I believe that's it's very likely that those who got those bitcoins are rather young. probably gen x er / early millenials. and so far they've shown to be better elements to the world than the old dying b-boomers.

>>11379422
>Bitcoin (bch)
have you all noticed guys how the amount of bcash shills has gone up a lot in the last 2-3 days?
does anyone know if they are going to announce some dumb useless shit like last time (32mb blocks) for a pump?

>>11379954

This. Thread filled with normie n00bs late to the party. Lurk more faggots this thread is embarassing.

>>11379938
You're moving the goal posts here bud.

Bring up the Bitcoin white paper, there are exactly two mentions of the word gold and it's used as an analogue to explain the functionality of mining bitcoin. it was meant as the title of the paper implies:

"Bitcoin: A Peer-to-Peer Electronic Cash System". Cash my friend. Cash.

As far as it being fairly distributed, much has been written on this topic. Just a taste:

https://www.businessinsider.com/bitcoin-97-are-held-by-4-of-addresses-2018-1

even the hash power of bitcoin is moving toward being centralized:

https://bitcoinmagazine.com/articles/bitmain-nears-51-network-hash-rate-why-matters-and-why-it-doesnt/

Fact of the matter is it was sheer dumb luck (or manipulation if some reports are to be believed) that bitcoin got as big as it did. A good first attempt out of the gate, but needs to be reworked or abandoned to make way for better tech when it comes along.

>>11379962
Bitcoin was one double spend bug away from being made obsolete. Bitcoin maximalists like you should be on your knees fellating the BCH Dev that pulled asses out of the fire.

>>11379184
fucking retarded shill the only reason BCH is fast is because its a shitcoin that no one uses. put BCH in the stress that BTC is at and you will see it shitting itself as much as BTC, but i guess you already know that and youre just a disty pajeet shill. PoW doesnt scale, kys

>>11380187
everyone is here for ideological reasons and not for greed, amirite.

2017 confirmed that we had a bunch of newfags come that don’t understand the technology, aren’t in it for the philosophy, and just want to make 10,000x gains instead of biting the bullet and owning BTC and getting 10x gains over a longer term.

Protip: if you want gains combine BTC + XMR and dump ur scamcoins

>>11380223
Why still bother with BTC when the future clearly lies in fungibility?

>>11380223
pic related

>>11380269
sup with ripple, why does everyone like ripple?

>>11380261
what do you mean by this? how is btc not fungible? 1 sat = 1 sat no?

>>11380282
Noisy minority

>>11380269

So buy scamcoins because they got pumped by normies?

Confirmed never guna make it

>>11380421
>Protip: if you want gains combine BTC + XMR and dump ur scamcoins

Pic was meant to refute this point as it patently false and ignores what actually happened. Anyone listening to your advice would have missed out on the biggest bull run crypto has ever had.

LOOK AT DIS DUDE
OH NO NO
WAIT TILL YOU SEE THIS
OH NO NO NO NO NO NO NO
AHHAHAHAHAHAHHAHAHA
HAAAAAAAA
HAHAHAHAH

>>11380301
There are two kinds of sats: Whitelisted sats & blacklisted sats. Good luck with using blacklisted ones.

>>11379065
Chinks

>>11379770
> It completely abandoned the idea of "peer to peer cash payments" when the going got tough.


/thread

>>11379938
This no one cares. Just let them capitulate with there shitcoins. Bitcoin had no premine with no guarantee it would work or any profits were going to be made. Satoshi left after a few years and Finey is a frozen head. The world is not going to hold some premined centralized shitcoin for anything then to dump on someone else.

>>11380499
this. these faggots have ruined bitcoin and if satoshi was dead he would be rolling in his grave.

/thread

>>11380834
then what hodl?

>>11380185

> Bitcoin is not peer-to-peer cash.

Bitcoin is not peer-to-peer. The participants in the network are not equal participants. Miners run mining farms with massive computing power. They are given the rewards. Transactions are not processed by my peers but go to miners to validate the transactions. It's a distributed network but in no way is it a peer-to-peer network.

It's not like cash. It's not fungible. Also two participants can't meet and quickly transact. It requires validation of the transaction from miners not peers participating in the transaction. That confirmation needs to be propagated through the entire network. Block times are ~10 minutes. How is that peer-to-peer cash in any way?

>>11380185

> https://www.businessinsider.com/bitcoin-97-are-held-by-4-of-addresses-2018-1

97% of BTC is held by 4% of addresses is an argument of RETARDS who lack basic understanding of math and logic.

In nearly 10 years over 22 Million BTC addresses have come into existance. 50% of addresses contain just dust. A smaller percentage of active addresses own the majority of BTC. If you own BTC, you are likely in the top percentage.

If you hold 1 or more BTC or more, then you are also in the top 3% of addresses that owns 96% of Bitcoin

If you hold .1 BTC or more, then you are also in the top 11% of addresses that owns 99.1% of Bitcoin

If you hold .01 BTC or more, then you are also in the top 30% of addresses that owns 99.87% of Bitcoin

> https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Are you complaining that by holding 1 BTC, you've an address in the top 3% of addresses?

Also the BTC top 100 addresses filtering out exchanges own 14.6% of the supply far better than other coin. Most of these non-mined ICOs, the top 100 addresses control 75-95% of the supply. Ripple has 60% in escrow. 100 addresses control 85% of those not in escrow. I don't even want to get into the distribution of Chinese cryptos.

BTC top 100 addresses controlling 14% doesn't look that bad when you see that 1% of the world's richest conrol 82% of the wealth or 1% of American's control 38% of the wealth in the country

https://www.bbc.com/news/business-42745853

https://money.cnn.com/2017/09/27/news/economy/inequality-record-top-1-percent-wealth/index.html

>>11381073
this has got to be one of the most retarded outright mathematical abuse I have ever read.

>>11381073
You have to accept the fact that it isn't 2011 anymore. Just let go of that cultish mindest and move on to the next promising project.

>>11381073
You have to accept the fact that it isn't 2011 anymore. Just let go of that cultish mindset and move on to the next promising project.

>>11380914
If you're just trying to make money i would just diversify into top 10-20 altcoins.

If you want my take on the BTC/BCH thing here it is; In my opinion if you look at the bitcoin whitepaper BCH is more bitcoin than BTC. And the BTC devs don't have the mentality/mindset to succeed in the long term if they literally tell you to use credit cards instead of BTC while the main purpose of BTC was to make all these forms of payment through banks and institutions obsolete.

I personally hodl only XMR

>>11381151
>>11381092
What projects are more ambitious than Bitcoin?
Bitcoin is pretty ambitious.

>>11381171
Transactions are too slow. The fees are too high. The hash power is concentrated in certain locations. Bitcoins are getting blacklisted when they've been transacted to the "wrong" addresses (i.e. addresses that are owned by "Nazis", drugdealers, etc.). Nobody wants to use the shitshow that is Lightning. Fuck the digital gold idea, there are better alternatives.

>>11381258
Uh-huh.
But which projects show the same degree of promise and ambition that Bitcoin does?

>>11381280
>Uh-huh.
Cut the soi, Ranjesh.
>promise and ambition
These two mean nothing.

>>11381324
You have no alternatives that are comparable.

>>11381324
>>promise and ambition
>These two mean nothing.
>>11381151
>move on to the next promising project.

Laughing out loud

>>11381335
It's simple: Just look for a currency that provides at least something that Bitcoin hasn't: Privacy, fast transactions, maybe even smartcontracts, if that concept is useful, just to mention a few. Don't play dumb on purpose.

>>11381366
the problem is, there's so many candidates that nothing will ever be good, ever be adopted.

>>11381366
Too funny. I'll stick with failing Bitcoin.
Good luck with your shitcoins.

>>11381366
>Privacy, fast transactions, maybe even smartcontracts
well this sounds a lot like dero...

i seriously hope nobody actually thinks bitcoin is going to get replaced by some other altcoin. technology is 100% meaningless in this space, and there are an infinite number of alts all trying to do the same thing, each with better tech than the last.

bitcoin is going nowhere, tough luck if you were too late to make the most of crypto.

>>11381592

So in every other technology space technology matters, but not in crypto-currency? You're giga-coping

>>11379065
It was designed as a ponzi scheme with the inflation (security !) halving every 4 years. It's not surprising to me Satoshi left years ago.

>>11381599
technology doesn't give any cryptocurrency it's value, and if you think otherwise you can't have been around for very long. technology holds no water when everything is open source and every week a new alt comes out with better tech than the last.

>giga-coping
that's for the late adopters that think their altcoin is going to ever become something more than a temporary speculative toy.

those of us that got in early dont need to worry about chasing shitcoins.

>>11381057
it is peer to peer in that regard you can make transactions directly between peers, the accounting of said transactions is what miners do for a fee and block reward but they are not intermediaries in your transaction and especially don't have to trust them with ownership of your coins ownership or custody if you like always transfers from peer to peer. that's how.

>>11381166
so BTC is no good? Not ganna exist in 10 years?

>I hodl only XMR

You should look into Komodo. All the security benefits of bitcoins hashrate, but with 1 mill tx/ps, plus atomic swaps, plus dicos, plus privacy features. most innovative tech on the market right now

>>11381917

So bitcoin isn't valuable for things he does (Technology) and it isn't valuable for speculation (like those shitty altcoins) so what magical asset class does bitcoin exist in? When every other asset provides value in being a useful commodity, investment, speculation or other - Bitcoin transcends everything and just is valuable for no discernible reason

I think you've lost the plot.

>>11379403
Money itself is a scam. Bitcoin is just an instance of money. The only thing it has going for itself is first mover advantage in cryptocurrency, which may or may not some day be a serious alternative to regular currency.

>>11381171
see
>>11382000

>>11379938
>If every few years a better crypto tech comes along and makes a previous crypto tech obsolete, the whole concept of crypto currency doesn't work.

Well that’s too horrible to contemplate, let’s just assume it can’t possibly be true.

>>11381917
>those of us that got in early dont need to worry about chasing shitcoins.

Biggest lie of all. If you truly got in early you'd be some kind multi-millionaire by now. If you were that you'd be out getting your knob polished by the best Thai ladybois money could buy but instead you're on here arguing about the value of your shitcoin instead??

lmao, nice LARP bro.

>>11382036
this. Bitcoin is king cause it's the king. Just like King Dollar in the normie world. yen is like a shitcoin but a big one. And truly shitty shitcoins are currencies from poor countries. i know pound and euro are worth more than a dollar but they are pegged to the dollar harder than you know.

>>11382181
so btc will still be used in 2028?

>>11382181
You're probably to young to remember when that wasn't the case. Video Related:

https://www.youtube.com/watch?v=5-JndLsvfp0

>>11382274
the google jew caught, nvm.

>>11382291
NBC Universal
cant use those copyrights™ goy.

>>11379594
Not private, no dapps, no smart contracts, centralized mining. It was great for starting the boom, but ultimately it's just a prototype for far better solutions that exist now.

>>11382339
so I should buy ETH?

>>11382408

>>11382408
Eth? No, but smart contracts are arguably expand upon blockchain use cases. Bitcoin has no real use case. It was originally used for what Monero is used for now. Monero has stolen the privacy and darknet markets. Ethereum has stolen the smartcontract markets. And well.... The centralized mining just doesn't help it any either.

>>11379146
Dashjr wants smaller

>>11379121
>hurr durr a small and new asset isn't stable like gold (which has been going down for the past years without even looking at inflation) durrrr

>>11379967
6 blocks in an hour
24 hours
365 days
4 years to halve reward

=~210,000

Halving cycle:
50, 25, 12.5, 6.25.... Sum = 100

210,000 * 100

>>11382868
no he doesn't, the bip he proposed would increase btc block size to 31mb over time (iirc with segwit they could actually be much bigger than that).

>>11382447

As much I love Monero, the Darknet market is still almost all Bitcoin. And smart contracts aren't really used for anything yet

Because of devs like these.

With friends like this, who needs enemies?

anyone knows what the actual fuck zrx does? coinbase added it like it matters. but i just can't comprehend this shitcoin.

>>11379085

https://digiconomist.net/bitcoin-energy-consumption

https://www.blockchain.com/en/charts/transactions-per-second?timespan=60days

0.33% of the ENTIRE WORLDS electricity supply.
Can barely manage 3 transactions per second.

>>11383387
That's why Bitcoin CASH

>>11383387
>expecting bitcoin to be useful

dumb bcasher. bitcoin is supposed to be useless

>>11383393
Why stop on just Bitcoin Cash?
What makes it so much better?

>>11383308
>coinbase added it like it matters
because one of the founders of cuckbase is involved in zrx.

>>11383420
so he is using his own exchange to dump his bags?

>>11379353
>high volatillity
>concentration of mining power.
thanks for letting everyone know you dont understand how bitcoin or store of value works

>>11383554
Of course, I do: It's greed driven speculation. Thanks.

>>11379065
OK frens imo I think Litecoin Charlie has some inside scoop or something on whatever the f is happening with crypto. I vote OP remakes this thread or we transition immediately to a discussion of wtf is up with Charlie and get whatever he knows. He sold out. What do. he knows something, and def. knows about inner workings of btc. also hates bitcoin cash for literally no reason that i can find. but somehow loves btc still even though all of these problems are obvious. not even clear where he's at with ltc these days he just ghosted. he knows and he's the weakest link in this chain imo.

>>11379065
Bitcoin creator Satoshi dump his bags.

>>11383413
Because Bitcoin Cash doesnt have premine. It's just a divergence in the chain.

>>11379165

Bitcoin (MOON) Cash (MOON MOON) is (MOON) to pump (MOON MOON)

>>11379065
developers like these went wrong

>>11379178
>unlimited transaction amount in 1 hour
>dont have to wait until business hours to get it done
hmm

>>11384162
they mined 100k free coins when they fucked up the difficulty adjustment algorithm on purpose.

>>11384199

>>11384211

>>11384221

>>11384211
>>11384221
>>11384240

Delet this. bitcoin is perfect in every way. bitcoin does not need to be useful because it has the brand and is immune to market forces.

>>11384249
>bitcoin does not need to be useful

>>11384264

No you don't understand. Bitcoin has the name "bitcoin". It doesn't matter that bitcoin only has 5 tx/s. It doesn't matter that bitcoins' development team is trying to make it fail. It doesn't matter that Lightning was proven to be useless

All that matters is that bitcoin was the FIRST. You see the first in any market is the one that wins. Bitcoin will win. It was first

>>11381073
Dude, you need to go to a neurologist and get your retarded brain checked. Who gives a flying FUCK about empty btc addresses? The point is that a few whales and mining operations do own a huge majority share of the coin, and have insane influence over the supply of the coin into the market. Get the fuck outta here with your retard empty address logic, they are by definition irrelevant to the conversion

>>11381599
Don't underestimate the importance of name and recognition. Crypto is just code after all, so some forked version of bitcoin will always exist. It has the only non retarded sounding name in the whole crypto space and thousands of other coins have yet to come up with a good name like bitcoin. Bitcoin is crypto, just like Coke is soda

>>11380187
There was a stress test you fucking mongoloid https://cointelegraph.com/news/bitcoin-cash-stress-test-results-21-million-transactions-cause-no-surge-in-fees
In fact, fees decreased.
BCH is Bitcoin.

>>11384284
Exactly this. So many people don't seem to obvious fact that this shit is all just software and you can just fork and change it. Bitcoin is a brand name at this point and will only get more pervasive, it will always exist in some form

>>11384284
first in the door gets shot.

>>11383133
whatever you say cap

>>11383133
>>11384667

>>11384284
>It doesnt matter how shit something is guys, as long as it was the first turd to come out

>>11384649
>>11384635

I can't believe you faggots thought what I said made sense. Holy shit

>>11384685
did you even read that you fucking cunt?
>Personally, I expect that another block size increase will be necessary eventually
the first post I made said no dev said they want 1mb forever
lowering it for now does not mean forever even if he's retarded for wanting to lower it.
even he thinks it will need to go up eventually...

>>11383913
using your own logic, it won't be volatile forever. You're welcome.

>>11384700
Maybe you should be stupid more often because it was actually smart

>>11384611

I swear to god BCASHers are retarded Roger Ver cum guzzlers.

I was quoting how stupid an article was that was counting millions of empty addresses that contained dust and saying 3% of addresses own 97% of Bitcoin.

Bitcoin is by far the best distributed crypto. BTC top 100 addresses filtering out exchanges own only 14.6% of the supply. Nothing else comes close.

Even real world distribution of wealth is much more highly concentrated this this.

>>11380025
sauce on double spend bug?

>>11379065

Satoshi left and no one want change the consensus so now the scaling its totally fucked

>>11385155
writeup:
https://hackaday.com/2018/10/02/bitcoins-double-spending-flaw-was-hush-hush-during-rollout/

https://motherboard.vice.com/en_us/article/qvakp3/a-major-bug-in-bitcoin-software-could-have-crashed-the-currency

from horses mouth:
https://bitcoincore.org/en/2018/09/20/notice/

>>11382917

>new asset.
>literally as old as iphones.

>>11379065
http://esotericawakening.com/is-bitcoin-a-bankers-scam

>>11386147

Bitcoin is a new ASSET CLASS retard. It's not like a tech gadget that's outdated in 2 years.

>>11384199
>that pic related
Imagine being this unironically NPC.

>>11384284
If you ever wanna do anything with your BTC in the future you won't be able to, and all your funds will go back to the 1%. It's either be forced to use a cloggy forked primary layer or an inherently flawed centralized second layer.

>>11379178
Have you ever sent/received money internationally? Just because your mom can send you $25 in a minute doesn't mean the current money transfer system is very efficient.

the constant cope from late adopters bagholding alts like bcash or nano expecting bitcoin to get replaced says it all.

for every late adopter desperately hoping their coin will win, there is somebody else with a completely different coin they hang their hopes on. none of these late adopter alts will ever get the user base necessary to even stick around in 3-4 years, let alone challenge coins like bitcoin or ethereum.

>>11387024
Don't try to log into cashies

>>11387024
Don't try to logic into cashies

>>11387855
You are almost there, try dumping your cuckereum bags.

>>11380025
>took them 8 years to find

The bug was introduced in quite recent release, maybe a couple years ago. You shouldn't talk about shit you don't understand.

>>11379121
It was supposed currency in the beginning. Didn't work. Then it became store of value - same thing.

>>11379376
It didn't.

>>11379065
not private
not fungible
not cool

>>11379962
Wrong. I can deal in crypto and never touch piss poor btc. Btc is shit.

>>11382000
>All the security benefits of bitcoins hashrate
i never understood this moronic sentence

>>11388384
/thread

>>11379400
checked
NANO for everyday spending
BTC for savings
easy peasy

>>11388339
>don't present negative information about my coins! REEEEEEEEEEEEEEEE

BTC had a literal double spend bug that would have wrecked you fucking clowns so bad it would have destroyed the entire space.

BTC is a fucking gangrenous limb that needs to be removed from the body.

>>11388775
This. BTC relied on dumb luck to survive.

>>11379376
Lol no, it's not even close to having the properties that bitcoin should have.

Read up on things like the "inward capacity problem".

>>11384284
hence why you see the horse and buggy is still the main form of transportation

>>11384016

>>11383413
Bitcoin Cash is not just a technical fork, it's also a community fork that took all the big blocker community.

>>11385385
>hush-hush
Man what a stupid title, it wasn't that hush-hush and their incompetence seriously endangered altcoins. (and in the case of Pigeoncoin, it even led to a hack)

https://medium.com/@awemany/600-microseconds-b70f87b0b2a6

>>11388908
aka flat earthers

>>11387826
>Have you ever sent/received money internationally?
Yes, I use BCH for this purpose because the fees are low and confirmations are fast.

>>11379065
RIP Bitcoin market sell all coins

you guys remember january fees and wait time?

btc is a shitcoin

shorting

>>11389083
>implying that would happen again with the same load on today's bitcoin
there is way more capacity now than there was then nigger.

>>11379146
They literally tried to change it and it got rejected as "bitcoin cash". You are trapped in 1mb blocks forever because now we know what happens if you try to change it.

>>11389118

>2 mb segwit blocks are "way more capacity"

kek'd heartily

>>11379161
Cool meme. I made one last night.

>>11389409
won't happen, fag

>>11389399
"way more" is subjective so call it whatever you want.
the fact remains it would be much better off now than it was in december.