/biz/ - Business & Finance

Crypto is dead

coins!! :-) cha-ching hehehe

>>12914550
btc doesnt have to scale. thats a reddit meme. btc is a hedge against inflation + black market payments. why the fuck would i want to buy a coffee with crypto holy kek.

>>12914550
> no consumer protection
> hard to setup
> hard to understand
> hard to use
I wonder...

>>12914555

checked

LN complexity means more attack surface
miners don't want it
btc will probably get dethroned for this

>>12914550
>Uh oh! Pissed cregjeets incoming! HAHAH

>>12914550
>What is your honest opinion of Lightning Network and its ability to scale bitcoin?
i think it's a medium term solution for micro payments and retail (assuming they increase the blocksize). won't work long term no scaling solution proposed so far works long term. just increasing the block size is a short term patch ln has a little more to go it can actually increase transaction throughput a few hundred fold depending on specific use case of course. to scale to visa capacity levels not even a few hundred megabyte blocks + ln will be enough probably.

>Gold as a store of value: $7.7 Trillion USD
>Offshore banking: $15 Trillion USD
>Credit cards/payments: $770 Billion in Visa, MasterCard, and PayPal alone
>Certificates for Deposit (CDs): $571 Billion in the USA alone, on just those under $100,000

Bitcoin doesn't need to scale. It's already better gold, so it will objectively go to a couple of trillions during the next decade.

The good news: Yes, LN works, Yes, LN will be easy to use, so you can add in whatever value having niggers using Bitcoin to buy crap with it adds on top of the unconfiscatable digital gold use case.

>>12914567
based kek

>>12914580
>LN complexity means more attack surface
>miners don't want it
wtf are you smoking? miners don't give a fuck about ln. it's a scaling solution that doesn't actually invalidate their existence in this way it simplifies things.

>>12914567
This. Nobody gives a fuck about daily transactions. Bitcoin is immutatable in a world full of fucking fraud. It’s gojng to a million plus

>>12914567
>>12914614
it has to scale immutability doesn't mean jack shit if you can't transact. you guys must be jesting.

This sums lightning network up nicely:

https://twitter.com/iwearahoodie/status/1101157253455859712

>>12914605
the most influental miners already split from btc core because devs crippled it. LN is now their scaling competitor. miners will win in the end

>>12914550
just imagine using fake bitcoin on an overlay fee network because the jews refuse to change a 0 to a 1 in the source code.

>>12914634
>the most influental miners already split from btc core
ehehehehehe you pulled that out of your ass right?
>btc core because devs crippled it
fuck are you talking about? segwit adoption is at 30% currently altho this doesn't mean 30% of users as almost all services like exchanges use it. could be as low as 10% user wise.
which means nobody crippled shit it's business as usual.
>LN is now their scaling competitor
the miners work is the same with 1 transactions per block or 1000. they are not in a competition for scaling.

>>12914674
kek

>>12914739
Fees right now are $0.20 according to the websites I check. That's still pretty high

>>12914632
LN is a micropayments beta net. This idiot is trying to pay salaries with it. What's his fucking problem? On chain fees are almost nothing now.

LN is dumb as shit, it requires trillions of dollars of locked up currency to transact at the scale these cryptards think bitcoin should achieve.

>>12914798
Trillions?

>>12914595
B&R to the fullest.

>>12914567
Agreed. If bitcoin continues to gain more of the illicit activity and money laundering market it's value will need to be much higher

>>12914919
it already has full monopoly on dn markets. have you seen moneros tx? literal ghostchain. like 4k tx daily kek.

btc is forever king.

>>12914787
They are almost nothing now because no one is using bitcoin. He is looking for a solution when on chain transactions are not nothing but are $20-50 like EOY 2017, which will happen again if we get any sort of adoption worldwide even if it is just for store of value.

>>12914785
used o be $0.4 before all the crazyness.

>>12914945
Is it possible it will go up more? How big of a blocksize increase is segwit?

>>12914798
wait for 3rd layer tho

>>12914949
segwit is maybe a 40% increase tr wise

>>12914787

This.

LN is v0.53 guys. Don't write it off yet.

>>12914993
it looks pretty bad so far tho. i have serious doubts about it as it is. either you introduce a 3rd trustful settlement layer or the network needs to be so centralized that every 2 wallets can find each other with 2 hops in between tops. otherwise the amount of btc that needs to be locked into channels would be insane for a flat topography.
but with a negative balance trustful legal settlement layer between hubs this can easily be avoided. banks operate this way right now and it wouldn't change the clients custody of their funds or their trustless relationship with hubs. i don't know. probably easier said then done.
if ln doesn't pan out tho we can only use online wallets for retail and micropayments. which would suck ass more.

>>12914993
BTC is .1

So fuck your logic cunt.

>>12914928
And guess what, $20-50 is still cheap as fuck.

How much would have this move costed with gold?

>>12914993
The problem isn't the version, the problem is the architecture of LN. You will always need to use On-Chain transactions to lock and unlock your Bitcoin into nodes and channels.

If it's expensive to use the bitcoin network, it's expensive to use the lightning network.

Is there anyway around this?

>>12914550
It’s really a pile of shit compared to what eth will be. Sorry to burst you bitcoin bubble. It is now turning into legit stockhold syndrome

>>12915061
>Is there anyway around this?
smack luke-jr in the back of the head every time he opens his stupid mouth?

>>12914550
It's not trustless and requires state channels to stay online. Centralized exchanges more likely than not will avoid LN.

>If the Lightning Network is incompatible with KYC laws, it's unlikely that any business which needs KYC/ALM compliance will be using it.

>The good news is that the entire network doesn't need to use Lightning Network. Even partial usage should be enough to significantly help alleviate the network congestion, leading to lower fees and snappier transactions across the board, whether or not one chooses to use it.

>The bad news is that one of bitcoin's core purposes is as a common unit of measure across cryptocurrency exchanges. If the Lightning Network doesn't facilitate bitcoin microtransactions across exchanges, another coin might more easily take its place.
-Andreas Antonopolous


NANO works better than Bitcoin for small transactions. Bitcoin works best as digital gold instead of digital cash.

>>12915047
Ok so before you said LN was a micropayments beta net. Now you say that $20-50 is cheap for a on chain transaction for bitcoin.

Is bitcoin a peer to peer cash system like satoshi states in the title of the bitcoin whitepaper? Or is it a store of value and lightning is a failed experiment because if adoption happens it will cost $20-50 to open channels and withdraw and deposit money?

You can't have both.

>>12914550
I think that there are a lot of papers out there saying that hub and spoke models are horrible and lead to centralization and I am really confused why they are trying to force people on to lightning.

If they fixed the main protocol and endlessly talked about lightning I would probably use both but instead I feel coerced and sold all of my BTC for ETH.

>>12915102
lightning not just a solution for micro transactions don't fucking forget retail. you need to pay instantly and irrevocably. that is what lightning brings to the table and no the one making a payment on a set up channel doesn't need to be online or anything after payment.

>>12915110
he obviously meant to move $194 fucking million $50 is cheap as fuck. not to buy your morning coffee.

Not bitcoin (checkpoint was the part it split) & correlated to crap attempt to take it over - push people to have to use it.

>>12915155
So you agree then that $50 to open a channel on LN so you can buy your coffee isn't worthwhile and LN is a failed experiment?

>>12915161
your graph is wrong and trivial to prove it

>>12914567
Btc is worthless without utility, just a random pointless token.
Speculative bubbles don't last forever.

>>12915171
Bitcoin isn't mean to be a p2p electronic cash system, where the fuck did you even hear that?

>>12915171
>LN is a failed experiment
too early to tell, i expect we will see it in a decade or so what form and shape it takes and what it can deliver.

>>12915182
>muh speculation
>what is 1t offshore money and feds cracking down on tax heavens
>what is dn market adoption going parabolic
based retard. suck a dick and stay poor.

>>12915183
wat?

>>12915183
nah no where important

>>12915161
you do realize it was satoshi himself that added the first checkpoints right? last was added in 2014. so wtf are you on about?

>>12915204
That was a beta whitepaper. The LN network whitepaper is 2.0.

>>12915224
ln doesn't gets to decide what bitcoin is any more than a hat gets to decide the wearers class. unless you are harry potter.

>>12915171
I don't give a fuck about LN, but im guessing they will find a way for poorfags to be able to use it by trusting other people's channels. It's better than nothing, and that's what most people in the world have today, nothing.

>>12915189
>what is 1t offshore money and feds cracking down on tax heavens
No connection to bitcoin.
>what is dn market adoption going parabolic
Which can't scale due to the small block size. Darknet markets can't use ln due to lack of pseudonymity, dn addresses would have to be constant.

Regardless of that, payments are going to switch to stablecoins. Btc is too volatile.

>>12915239
This man gets it, bitcoin is about trusting third parties.

>>12915182
>having a nation-stateless censorship resistant tax haven has no use case

>>12915244
>No connection to bitcoin.
This is why you will keep asking why Bitcoin keeps hitting all time highs every 4 years even tho it is dead because niggers cannot use it to buy KFC.

>>12915239
ok now i like u

>>12915246

I posted this in the other thread:

> bitcoin is decentralized

All the mining power in the foreseeable future will always be consolidated in China because its allowed to be. Furthermore the Chinese leadership realized this, and in an attempt to move their capital out of the country, they subsidized bitmain to do this. That didn't just happen all on its own. That's also why you see wealthy chinese buying up real estate literally anywhere they can get their hands on that outside of the main land China. They know what's coming and its coming soon.

One also has to consider why this is so important. If the Chinese miners go silent with no warning then that's it for this particular chain. Sure one could make the argument that centralization would cease to exists and the system would return to equilibrium, but I seriously doubt that. Bitcoins credibility, even at its highest, was dubious at best with regards to the general population. Even Gavin Andresen clearly stated that they have no idea of this actually would work (a currency backed by nothing). So that's another strike against it.

Thirdly there's just too many other good projects out there. Core added an insane amount of complexity to an already complex system when they decided to go to LN instead of raising the block sizes, which the Chinese miners opposed because it would eat into their profit margin. So once again that's proof the Chinese really do control bitcoin (and its chains) and have for some time (BIP 148).

Finally, and worst of all, there's child pornography on the blockchain. You don't hear about it now because certain agencies probably aren't done milking capital out of it. But its a good kill switch for when they need it.

> thanks just bought 100k

>>12915269
Then there's bitfinex and paper manipulation but that's another story. Create the demand and the actual supply (real dollars) will follow. Its obvious in hindsight but we all got wrapped up in it. Bitcoin is not gold, it has no intrinsic value outside of being a ledger system that has recorded 10 years of transactions between no more than 6000 full nodes. Just because there is an external fiat value tied to the software doesn't mean that this is the true value of the software. Plus as people become more eco conscious they'll actively begin to shun bitcoin for that reason as well. And no its not the same as the banking industry as they actually provide a utility to a lot more people. (and I'm not defending banks, they're disgustingly greedy as well).


Finally the bitcoin and crypto currency communities are incredibly toxic. That's why its mostly inhabited by neets and gamers who are so blinded by their greed and lack of empathy that they can't comprehend that 'normies' will never want anything to do with their pedo coin or the community. But I digress.

>>12915245
Bitcoin is about keeping it decentralized for those that can afford decentralization, those that cannot afford high levels of decentralization will have to compromise because thermodynamics.

>>12915244
bwahahaha based strokeposter.

>>12915239
>trusting other people's channels
that's retarded, and probably outright impossible. it makes more sense to just fucking use a paypal like service at that point. almost everyone seems to be fine with centralized services and parks their btc on exchanges. so that's a possibility especially if banks open up btc accounts and issue btc based debit cards.

>>12915282
I agree there is no reason for emerging technology to compete on utility or value creation.
Bitcoin won the game before it even began.
Just like myspace

>>12915269
>>12915277
What's with the 2016 copypasta

>>12915282

There's only 6000 full node's after 10 years though. The bitcoin experiment failed.

>>12915310
I don't see why a normalfag would run a full node. It's all too much work for them. Look at venmo. It's simple as fuck. Bitcoin has to be that simple

>>12915303

I wrote that 20 minutes ago. But I remember getting my first bitcoins from a faucet in 2010. So take that for what its worth I guess.

> that 28 year old boomer

>>12915296
They are working on it, it seems to be working just fine. I know I will be using it for irrelevant transactions like coffee because it does the work just fine. I don't care about this right now so im not spending any time on it.

>>12915299
No, not just like myspace. Bitcoin cannot be replicated because no one has a time machine to release a blockchain before Bitcoin's to beat it's uptime, and anyone with a brain and enough money to matter knows that the higher the certainty the better place to put your money at as a store of value. No other coin can beat this, no other coin can have a longer uptime, no other coin can have organic growth. Everything is a marketing circus in a post-Bitcoin environment.

>>12915320
actually anyone can run a full node on btc, the only thing they should work on is not having to download the entire blockchain if you want to sync. ironically this is what checkpoints can do. you don't have to download any block from before a checkpoint. and if you set your client to prune anyone can run a full node even on an ancient computer.

>>12915320

That's the problem though. You can't have it both ways. Its either decentralized and everyone runs a full node or its not and its controlled by whoever can accumulate the most hashing power.

Bitcoin was allowed to grow to stupid levels so alphabet soup agencies could fund projects off the books. That resource is almost exhausted now though. The run up will never happen again much like tulips bulbs will never bet worth thousands of dollars again.

You all really need to understand that before you lose all your money. But I know this advice will be attacked viciously because it doesn't support the narrative so whatever.

>>12915335
>They are working on it, it seems to be working just fine.
what using other peoples channels without opening your own? the fuck are you smoking?

>>12915310
>The bitcoin experiment failed.
imagine

>>12915246
It's not censorship resistant, it's more traceable than bank payments. It's not a tax haven because it doesn't have a stable value.
You're contradicting yourself without realizing it. You want rich people to buy in so that you can get rich. Ie you want them to transfer their wealth to you. Why would they do that?
Only a solution that doesn't require big wealth transfer can succeed. Like anonymous decentralized stablecoins on ethereum, or asset backed tokens.

>>12915335
>no other coin can have organic growth
take your blinders off and think about what your saying. BTC moved backwards in merchant and business adoption.
Meanwhile communities of devs are forming around BCH NANO goddamn VECHAIN.
The world is being tokenized and BTC can't even be a reliable transfer of value. Yet somehow it's supposed to store value.
BTC is pathetic and sad. I first used it in 2011 btw.

>>12915352
>The run up will never happen again
how many times i heard that since btc was $10...

>>12915340

Ok but there's child porn on the ledger going back to 2010. Ergo is they prune all the way back to that date then you've just invalidated 10 years worth of ledger pages. How are they going to deal with that? Are they just going to freeze the network for a minute and take a snapshot? Ok that might work but once again it proves that bitcoin is horrifically centralized just because the Chinese miners would be able to do that.

Y'all are fucked.

>>12915340
Why would the average user want to run a full node? I doubt they would care

>>12914550
I hope every cashie catches AIDS crossed with MRSA. That's my answer.

>>12915372

Your hubris will be your downfall. Plus zoom out on the chart. Its pretty clear what happened.

>>12915374
what? pruning works by deleting old blocks and only keeping the merkle roots. which actually means you can validate every new block back to an unbroken chain of hashes to the genesis block (or the last checkpoint if you don't want to go further) this is not magic it just needs a bit of work to be more user friendly for new clients. right now there is no secure trustless mechanism to not download the entire fucking blockchain and validate it yourself before throwing it away.

>>12915377
it's everyone's choice. usually you run a full node if you don't want to trust anyone. so long it's not too cumbersome.
>>12915382
>Plus zoom out on the chart.
exactly my point

>>12914550

Maybe some nerds will use it and maybe it will help even if everyone is not using it but what I've seen so far I'm definitely not impressed.

>>12915370
>It's not censorship resistant

>"The United States Treasury Department Office of Foreign Assets Control issued sanctions against 2 Bitcoin addresses, since they are held by Iranians who helped facilitate the SamSam Ransomware scheme. A day after the sanction was issued, 8 cents of Bitcoin was sent into one of the Iranian addresses from 2 Bitcoin addresses that start with 1JEW and 1MoSSaD."

>it's more traceable than bank payments

Blockchain analytics fail to trace modern mixers like Helix. As the network grows it will be increasingly impossible and economically nonviable. Those that don't want to be tracked will just avoid certain (((exchanges))) with their coins. They have a hard time keeping up with the traditional model. Get a grip.

>It's not a tax haven because it doesn't have a stable value.

Only reason it's not stable is because its still tiny, thus it will stabilize within the $trillions naturally, similar to gold. Where you see a problem smart people see an opportunity.

>You want rich people to buy in so that you can get rich.

Im already rich, I bought at $150 and $250, bought some dips at $450. Im here because I find the fundamentals of Bitcoin interesting and I cannot see it failing, Pandora's box has been opened, the opportunity cost to kill it has passed. They cannot kill Bittorrent which causes billions in losses to Hollywood and unpaid taxes on pirated content, and they cannot kill Bitcoin which is going to be the equivalent on the entire financial sector. It hasn't even begun yet.

Essentially no capital allocated to Bitcoin. Empty infinitely expandable wealth storage vessel to absorb capital flows. As sterile asset, BTC price increase is wealth transfer from other assets. A black hole on the world's balance sheet. Will be legendary.

>>12915418

The entire 10 year chart. I don't care if its log or not. That's one ugly asset.

>>12915431
> exchanges will use LN to let their customers leave easier
Why ? They like coin movement being a pain
> coffee shops will use LN for recurring payments
No, they will use their own store gift cards. It encourages loyalty
> People will use LN for payroll
Or they could just use NANO and not pay some dumb selfish miners.
The incentives are wrong and the whitepaper is 59 pages of garbage.

>>12915466
basically this

>>12915374
If "Chinese miners" had unilateral power they would have stopped segwit, but guess what, they didn't. As a result, they created their own shitcoin, and as a result, Jihan Wu has left the building and Bitmain is now with a massive hole on their spreadsheet consist of heavy BCash bags. Bitcoin works.

>but segwit this or that
Use addresses that begin with 1, done.

>>12915407

You're right but once again you now have to download and possess child pornography in order to do so. Like I said that information is being suppressed right now but when they're ready for it to come out it will come out. That's why they put it there in the first place.

Just doesn't seem like a good (or ethical) idea to buy an asset that was built on top of that. I know a lot of you are legitimately autistic so you have trouble comprehending that, but trust me, this is a serious issue for most normal people. Go ask your friends and family if they care that bitcoin has child porn on it.

Besides some big names in crypto are consumers and producers of child porn themselves or are very likely to be. When you're an addict like that you tend to overlook really important concepts in your software that make it vulnerable to attack. Really makes you think.

> ricardo
> dan

>>12915497

Tell me where is most of bitcoins hash power geographically located then currently?

>>12915516
Again, irrelevant. Read the facts.

>>12915516
how is that relevant you brainlet

>>12915469
i think it's quiet beautiful

>>12915510
btc has been audited for cp and they only found defunct urls. if anyone bothered to hide it in multiple scripts using tx data that is not readily accessible you could be arrested for calculating pi by that line of though.

>>12915510
btw if you are worried about cp why are you not laughing at sv tards? sv has cp on it in plain sight just like other images.

>>12915510
Blockchains will always be able to have CP on them because they can encode arbitrary data. It's like getting angry at cameras for being able to capture child porn

>>12915590
>25 posts by this id
In every fucking thread! Don't you ever get tired of embarrassing yourself? And who the fuck uses a nickname on 4chan. You're a fucking pcshyco retard. Fuck off back to plebbit

>>12915673
suck a dick ranjeet.

>>12915466
Every big miner is a known company with known owners. Once a law forces them to blacklist addresses, and not mine on blocks that use them, they're going to do that.
Zero censorship resistance. It's only a matter of time before such laws are introduced in all major countries.
>As the network grows it will be increasingly impossible and economically nonviable.
Addresses with any taint are going to be automatically locked.
Satoshi wanted pow to be decentralized but it turned out into big mining farms. No coin with pow can escape that.
>Only reason it's not stable is because its still tiny
That's irrelevant. Liquidity is different from stability. Low liquidity means price oscillates around fundamental value. Bitcoin has none. Liquidity itself is high.
>Empty infinitely expandable wealth storage vessel to absorb capital flows.
It doesn't 'absorb' anything like investments, money just changes hands from buyer to the seller. True investments produce profits from absorbed (invested) capital. Bitcoin is a negative sum game because of mining. Because of that it's the worst way to secure wealth ever invented. Average buyer is mathematically guaranteed to lose money.

>>12915704
holy fuck @ this level of retard. amazing really.

>>12915466
The current bitcoin inflation rate is 3.81%
https://www.bitcoinblockhalf.com/
That's not equivalent to fiat inflation, that's equivalent to a wealth tax. Wealth tax in most of the world is zero.
Wealth is not held in fiat, it's valued in fiat, which means inflation doesn't do anything. Holding wealth in bitcoin would mean it's directly taxed by inflation.

The top rate of France's wealth tax in 2011 was 1.8%, still better than bitcoin today. It was abolished because capital ran away. Why would it accept higher tax in bitcoin, even if it was stable otherwise?

>>12914550

I think LN has some potential to facilitate scaling, but it still won't scale to seriously rival Visa or actual banks. Crypto is full of people who don't understand the sectors that crypto was supposed to "replace" and can't fathom how the idea of a system with no secure way to get your money back from a scam or a 3rd party to hold accountable if shit gets fucked up due to an error is not very desirable for most people doing legit transactions. LN will help BTC become more scalable, but it can't fix the underlying fundamental problems.

>>12915526
>>12915532

You guys really should check your bias here.

>>12915579
The law doesn't see it this way but ok.

>>12914614

BTC offers no protection against fraud, ironically. How fucking often do you hear about people getting exit scammed, losing their private keys and all their BTC, etc. That doesn't happen with VISA. BTC really only has value in specific niche transactions to circumvent laws. In the bull run of 2017 networks got congested and tx became extremely expensive and slow, so LN can help there... but the other stuff will still be there.

>>12914925

International law enforcement is already able to track tx via the BTC blockchain, though. Monero has a legit use case, but zero adoption besides doing some washing. However, BTC dominance may not last if law enforcement actually starts busting people via BTC transaction records, which is coming.

>>12914550
Lightning Network can help scale Bitcoin, but only for specific use cases. Because it requires depositing BTC on 3rd party nodes before any transaction can take place, it would only be practical for multiple small transactions between parties. If it's a one-off huge transaction, using Lightning Network will have zero benefit. It won't solve the problem that occurred during the last bull run because most people were transferring BTC in between exchanges and wallets in large amounts.

>>12914550

LN is worst thing btc could turn in to. putting all the bch and bsv memes aside. LN is not necessary for bitcoins success and i have never liked it especially since all the crypto fags on twitter like @pomp love it. you know its bad when a faggot like that wont shut up about it

>>12914553
>t. 2014

imagine arguing about btc on internet image board and not buying bsv right now

>>12917439
based and bitcoinpilled

>>12914595
Reminder that bitcoin's first name was bit gold
Reminder that Szabo wanted this to happen

>>12914550
Read the whitepaper. It's shit.

>>12915852
>The law doesn't see it this way but ok.
we will see but like i said pruning the blockchain gets you off the hook.

>>12914956
wuts dat?

>>12915872
>Because it requires depositing BTC on 3rd party nodes before any transaction can take place
that's blatantly false tho, you lock coins into a channel that you can't double spend this way but, you retain full custody of your funds.

its clear if bitcoin fails the experiment of cryptocurrencies as value is over, so ln needs to work for cryptocurrency itself to scale. altcois just don't matter in this scenario, even ethereum would struggle to remain relevant if the btc experiment ends.

>>12918249
see >>12915023
a negative balance enabled trustful legal settlement layer strictly between hubs can free up 80% of bitcoins locked by ln if only the second layer is used removes routing bottlenecks and shit.

>>12917439
>buying a free airdrop token
late adopter cringe

I'm Satoshi to be honest and I gotta say Bitcoin was a mistake

>>12918262
the point being crypto can't enforce negative balances (unless there is some other crypto as collateral) so the negative balance layer has to be trustful legal contract based between parties that know and audit each other just like banks today.

if anyone discovers a neat solution to this like ln was to trustless payment routing or instantaneous payments that would open up the golden age of crypto. or maybe it will work with stable-coins as escrow (which doesn't have a limited supply unlike bitcoin). fuck knows.

>>12918277
the mistake was every fucking pajeet thinking he can print his own free money

>>12914550
I don't see it every working perfectly. BTC would need some other scaling solution, than leaving the base layer only for the rich.

>>12917446
based and nickpilled

>>12915704
>Every big miner is a known company with known owners. Once a law forces them to blacklist addresses, and not mine on blocks that use them, they're going to do that.

Miners which will go bankrupt as nodes ignore their blocks. Hashrate decrease will create an opportunity for other uncucked miners in free jurisdictions.

>Addresses with any taint are going to be automatically locked.
Nonsense. See above.

>the rest
You don't understand the fundamentals of Bitcoin.

>>12915784

Bitcoin is better gold, 7.7 $trillion which will move into Bitcoin. Add in dumb money sitting on bonds and other USG-based Maddof schemes. The problem is that you still think fiat isn't irreparaibly fucked.

>>12915852
>You guys really should check your bias here.
You should re-read my post and realize how I proved the fact that all hashrate being concentrated in China didn't gave them unilateral power to change Bitcoin at their will thus proving it's not a concern for centralization.

>The law doesn't see it this way but ok.

The law is irrelevant. Bitcoin has value precisely because it works irrespective of what jurisdictions have to say about it. Also some jackass adding a CP link in a comment isn't hosting CP (unlike BSV which actually hosts it). But again. irrelevant. And if you still want to pay attention to "the law", due game theory there will always be countries that profit from doing whatever USG is legislating for or against.

>>12915858
Idiots lossing money is a feature. As people lose their private keys the supply shrinks and small people profits. It's the most secure asset ever if you know what you are doing.

>>12915867

Blockchain analytics fail to trace modern mixers like Helix. As the network grows it will be increasingly impossible and economically nonviable. Those that don't want to be tracked will just avoid certain (((exchanges))) with their coins. They have a hard time keeping up with the traditional model. Get a grip.

>>12914550
btc is still seen as some shit hackers and thieves use. I unironically believed that normies were being awared of it during the bullrun of ‘17, but evidently not. I think that lightning network will be seen as a more ‘legitimate’ payment method that will likely get a reputation of being used by quirky devs on github to tip good work, rather than hackers or scammers.