/biz/ - Business & Finance

this is literally the best if gets, try to enjoy it

>>11502252
reminder that bitcoins' innovation was using economic incentives to create an immutable ledger.
the existence of an immutable ledger is unprecedented in human history and allows the equally unprecedented non debaseable currency. The adoption of non debaseable currency can invert the power arrangement of the world from those that deceive to those that create. There has never been as optimistic an opportunity to create societies that serve the individual instead of societies that are systems of wealth extraction at the expense of the individual.

Without on chain adoption bitcoin cannot be considered secure as mining will eventually need to be incentivized by fees as the block reward declines.
The btc devs literally limited adoption to 1mb of transactions per 10mb (about 7tps) and then created transaction capacity off chain with lightning and liquid.
This limit is entirely arbitrary contrary to what the media tells you.
This leaves btc as a ponzi scheme as without on chain adoption there is no security, again off chain adoption does not incentivize security.

Bitcoin cash is a hard fork in response to the above and is the economic system detailed in the bitcoin whitepaper

>>11502260

based and cashpilled

>>11502260
>the existence of an immutable ledger is unprecedented in human history

LMAO, as if any fucking serious organization on the planet is going to let its entire transactional history be placed on a fucking public ledger whose transactions are verified by a bunch of shady cartels in fucking China. You people are so fucking delusional and detached from how the real world business works that its comical.

Every single thing that your "immutable ledger" that is "unprecedented in human history" does can easily be done by any fucking database on any fucking cloud interface.

And lets not even get into the actual experience of using Bitcoin. Even fucking Venmo has a exponentially better user interface and user experience and use feature set than Bitcoin. Not to mention throughput. A fucking medium sized convenience store has a higher transactional throughput than the entire Bitcoin network that requires massive amounts of energy and millions invested in shitty ASIC computers to crunch arbitrary numbers looking to get a randomly assigned key to put a transaction onto the ledger. LMFAO.

Even the biggest proponents of crypto and its biggest pushers realize how little of an impact it will actually have on the world of the future, and how its a hype machine looking to hype up dumb millennials.

>>11502252
>despite Bitcoin being over 10 years old. That's a fucking century for a piece of software, and yet it still hasn't found any adoption.
10 years is nothing

>>11502992
10 years is fucking MASSIVE in software. Facebook was in every home on the planet 10 years after its creation. Actually useful code (all that Bitcoin actually is) spreads incredibly quick. Bitcoin has less adoption that fucking Venmo. LOL!

Its fucking the most retarded set of delusional idiot millennials trying to hype each other into bidding up a tiny portion of the float on a few exchanges and then hoping to cash out leaving someone else holding useless digital tokens. LMFAO at the "crypto revolution"

>>11502979
>it's afraid
your entire industry is a dead man walking
all third party financial services are no longer necessary
you will try with ripple and chainlink to find a way to exist but these bridging solutions will only make people forget why they needed third parties in the first place
currency debasment, subsidized debt, shadow banking it's all unironically over and I would not want to be on the wrong side of it when people finally understand what has been done to them for the past century

True, we can safely say bitcoin has failed at this point. Lightning network is stupid and not a solution, why not just use a fucking bank if you're going the centralized route lol?

Bitcoin being a failed experiment doesn't mean all cryptos will fail, some day someone will figure out a way to do it right and I'm keeping my eyes open for that. I doubt it'll be a ponzi like bitcoin but it'll probably be some type of stablecoin or something.

>>11503062
Yeah "it" is really afraid of what is universally considered a scam and a joke by everyone except 17 year old /biz/tard edgelords.

LOL at "your entire industry is a dead man walking". The only thing that is dead is interest in crypto. Everything from exchange traffic to coinbase signups to /biz/ traffic to crypto website traffic to the value of all your internet meme money nobody uses is fucking dead.

I feel sorry for you bud, you had your chance though

>>11503254
>tfw all in usd
I love watching you Roubinis double down

>>11503254

Bitcoin maximalists are literally retarded.

>>11503343
kek