/biz/ - Business & Finance

>>13295170
btc > eth

ethereum blockchain size is unsustainable

>>13295170
better odds than the lottery

>>13295170
It's not about tehnology, btc has proven to be a store of value more than payment method, at this point. The fact that no serious steps have been taken to implement onchain scaling (segwit excluded) is a feature not a bug it proves btc's resilience to change hence gives ppl psychological feeling of safety, after btc has value in the same way shiny rocks have value or pieces of paper.

>>13295213
shiny rocks and paper are not the same thing

>>13295170
There are other reasons to be into BTC.

1- to make money from other people who also want to make money
2- to shield your money from inflation aka the "digital gold" crowd. Dunno how this logic works since the price is incredibly volatile.

Only a handful of retards still actually believe in "muh technology" and that this is the future of money when BTC literally can't handle the transaction volume of an average supermarket.

>>13295229
Oh yeah and I forgot the third reason : to buy / do things that are generally ilegal.

>>13295228
No kidding sherlock

>>13295170
you fucking brainlet.

bitcoin is the only crypto that most normies have heard of.

bitcoin is the only crypto that people think of as digital gold.

unlike gold, when you buy bitcoin you don't have to worry that someday they'll invent new mining technologies (e.g. asteroid mining, deep sea mining) that will flood the market with new supply and render your "store of value" investment worthless.

gold "investors" tend to be 80-year-old men. In another generation there will barely be any goldbugs left. Meanwhile, BTC investors are young -- many of them so young that they haven't invested in it yet, but will when they start earning money, or as their careers progress. Bitcoin will replace gold as the ultimate store of value.

BTC has already been established as a way for wealthy elites to hide their assets and avoid paying taxes (google "bitcoin cyprus 2013" if you don't know what I'm talking about). "But hurr durr nobody wants to pay $5 transaction fees!" OK, good luck convincing Russian oligarchs to use Chainlink or Ethereum or some gay shit to launder their assets, because they can save $5 on transaction fees. Faggot.

If you think BTC can only be valuable when everyone carries it around on their phone and pays for everything with BTC, then you're a complete brainlet and you're not gonna make it.

>>13295328
This.

OP can be here for the tech but the real world is different.

>>13295328
Counting on dumb money is a dumb strategy.
Especially in highly liquid markets.

>>13295328
>unlike gold, when you buy bitcoin you don't have to worry that someday they'll invent new mining technologies (e.g. asteroid mining, deep sea mining) that will flood the market with new supply and render your "store of value" investment worthless.

Oh no, you just have to worry that they can make a gazillion forks and copies of it

Something becomes a store of value when it has some use. If it has no use other than people buying it because they expect it to go up, at some point there's no greater fool and the house of cards collapses. But don't worry, eventually you will understand, even if too late.

>>13295630
let's see...
>bitcoin XT
>bitcoin classic
>bitcoin unlimited
>bitcoin cash
>bitcoin gold
>bitcoin SV
>bitcoin diamond
>bitcoin dark
>bitcoin private
>and on and on and on

And guess what? The price of BTC, *right now*, is higher than it was when all of those forks were attempted/created. All of them.

You are free to keep telling yourself that bitcoin forks --> lower bitcoin price. But the evidence shows otherwise.

Thoughts and prayers for your shitcoin bags.

>>13295170
>Biggest PoW chain of any crypto
>Most widespread adoption
>Don't see anything in it

Do you even understand anything about either the technical details of cryptocurrency protocols or the game theoretical incentive structure that creates their market?

>>13295630
There are tons of forks, justify your claim that making forks hurts the real Bitcoin please

Forks are literally addressed in the abstract of the Bitcoin whitepaper

Oh wait, you didn't read it

https://bitcoin.org/bitcoin.pdf

>>13295170
>and any real mainstream adoption would bring energy levels up to the point of being an actual world problem
Why, because of a price increase?
I don't think anyone can predict the tx fees per block in 10 years (when block reward is like 1.5btc)
Then who can predict the energy usage with 7nm chips or less?
Then who can determine how cheap electricity needs to be to break even

It isn't as simple as making an ignorant assumption

>>13295908
actually, in ten years the block reward will be ~0.4 BTC

>>13295908
oh, nvm, you're right

>>13295228
>He thinks shiny rocks aren't just as plentiful as paper
>He thinks shiny rocks aren't just as easily produced as paper money
>He thinks shiny rocks have inherent value and aren't kept valuable by the people controling the supply

>>13295179
>just under 200GB
>BCH's roadmap has 1GB BLOCKS

Imagine believing in LN.

>>13295213
Nothing makes me feel safer than knowing that if I need funds in a flash I'll need to pay a massive premium and/or wait for the transaction to clear for days to weeks.
>inb4 it doesn't take that long now though!

Newfags go and stay go. I member 2017. That's exactly where this shit is headed yet again, although btc will top at 10k this bullrun and we will Crab-17 until a new king is crowned.

>>13295328

>implying ETH can't receive similar recognition (e.g. digital silver or some shit) despite it already gaining a ton of recognition from the last bull run as the 2nd best crypto

buying ETH now is like buying BTC in 2015

>>13295328
>OK, good luck convincing Russian oligarchs
>only rich people should be able to use Bitcoin

This shit is going to fail so hard in the coming years.

>>13295328
>bitcoin is the only crypto that most normies have heard of

Most normies have heard of AIDS, but none of them want it.

>>13295328
>literally believing in dumb money after 11 years of media coverage.

you sound just as deluded as somebody saying the same thing but about xrp, or eos, or litecoin, or any other random shitcoin.

ethereum remains dominant for the same reason that bitcoin is out of reach of any of them. if you think that dynamic doesn't exist, then you should get out of ethereum as fast as you can

>>13295630
there has not been a single fork that has threatened bitcoin in any way. even ethereum isn't a threat to bitcoin, what ethereum got was a huge boost from ICOs being launched on it. it took an entirely new once a generation concept like ICOs to propel ethereum close to bitcoin, and neither of them are going anywhere, but to think that ethereum is somehow going to kill bitcoin is a delusional as thinking eos is going to kill ethereum.

>>13296602
>This shit is going to fail so hard in the coming years.
yawn, take your own advice
>Newfags go and stay go

>>13295582
Crypto markets are anything but high liquid right now.

>>13295693
Enjoy while it lasts