/biz/ - Business & Finance

>>13417544
looks like nano is the only solution right now lol

>>13417544
yea it's almost like as you use something more and more you realize its limitations

>>13417599
> Big blocks your path with patents
kek I don't think so

>>13417544
And here's what really happened, faggot.

https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

>>13417638
>he doesn't even know what he doesn't know

Lol, if you think bitcoin maximalists do not care about payments you are really deluded.
The #1 goal these recent years have been to increase payment throughput by 10x, 100x, 1000x orders of magnitude or more.

>>13417544
You right. The moon lambo retards wont stop the actual development going on so I wouldnt worry about it too much.

>>13417544

>>13417669
>Bitcoin niggers try to increase throughput by 10x via lightning
>Still haven't done it
>Bitcoin cash and Sv do it by just increasing the blocksize

People complain that csw sounds arrogant and like narcissist prick (wich I actually agree with).
But magine dealing with anarcho capitalist manchildren 24/7. Imagine sitting with soiboiii devs that refuse to understand how law and economics work. You will be pretty pissed off and drained most of the time trying to differentiate privacy and anonimity to some dudes that want to hide in the shadows to buy CP and drugs. They are toxic as Jews that run the fed.
But none of that matters, Twitter and PoSM doesn't matter, binance doesn't matter . What matters is all the projects that have been made ( in less than a year) such as bitsagram, Moneybutton, unwriters apps (more than 5), handcash, svcharts, flowsv, and also 2GB blocks coming in July .
>Inb4 muh reorg blovks
Fuck off if you are a miner that can't verify blocks fast , get fucked and die. Another investors will come, thats capitalism . If you want to cash 600k in fees in a couple of years , get ready to innovate and be the BEST.
S T I F F

T

I

F

F

>>13417754
OMG...

I fucking LOVE Biz memes.

Biz is soooo fucking based lol. Craig = le god.

We need to meme him into emperor status lol, how frickin based would that be guys?

It's like... he's just as based as Trump and MoonMan. I think its because he's so sassy and non-sequitorious.

This is TOTALLY the next, most epic and righteous BASED meme.... get this:

He's on the internet...

He's contrarian to what seems reasonable and admirable...

Controversial...

Quite silly and ironic...

But actually a super fun and great guy.

>>13417763
Listen men , we GET IT. You like big cocks and Jews . Go back to your "thing"

>>13417777

>>13417763

>>13417800
lol, double triggered by dem digits

>>13417714
did you make this?
it's pathetic, but not as pathetic as 0.0101 soon to be 0.009

>>13417825
>>13417834
Wasted digits you mean.

>>13417544
This image is quite possibly the most accurate distillation of the last 10 years of crypto history. Unironically.
Fuck all of the enemies of Satoshi's vision. We will not forgive and we will not forget.

>>13417841
i think it was "0.009 soon" yesterday too, guess it's not happening THAT soon

>>13417650
I like how the thought leaders at blockstream are willing to be retarded in public. By the time BTC falls to zero BCH won't want to take the ticker over because it'll sttand for retardation.

>>13417544
Spot on. Bitcoin was a mistake.

Alt Coins will take it from here. Bitcoin can go to $0 for all I care.

>>13417872
Okay man. Enjoy the view.

>>13417895
It's going to feel so good when the ratio hits 1:1 and the house of cards collapses in a single night.

Technically the unbanked could use any alt instead of BTC. The real miracle of crypto is the ability to make an account on any exchange with nothing but an internet connection and trade between things that have real unconfiscatable value. Once their stack is large enough to make BTC worth it they can easily move to BTC.

>>13417777
checked

>>13417970
>implying
Everyone here is a poorfag that will stay poor forever.

>>13417754
>Fuck off if you are a miner that can't verify blocks fast , get fucked and die. Another investors will come, thats capitalism
https://twitter.com/BitMEXResearch/status/1118845900955242496

>>13417544
Based

>>13417777
GIGABYTE BLOCKS FOR MY GIGABYTE COCK

>>13417544
>be your ~cum bank~
no thanks

>>13418087
did u have a vasectomy?
that's kinda cringe bluepilled bro

>>13417970
>the unbanked

Nobody in crypto-using nations gives a shit about African hut dwellers and Ganges bathing and pooping pajeets.

>>13418151

This. The problem is they don't have any money not that they're "unbanked" lol. If they had money they'd find a bank that wanted to take their money.

>>13417754
Based and stiffed

>>13417650
This is a good article for many reasons. It made me realize that none of these cryptos have any idea wtf they're gonna do when inflation hits the cap. Nobody is gonna pay the block reward in fees, it makes literally no sense

>>13418175
Implying anybody in Zimbabwe will trust a bank with their 100000% yearly inflation Zimbabwean dollarydoos

>>13418245
With a large network and more expensive BTC it makes perfect sense that miners will be able to earn a profit from fees.

>>13417895
Why are the wojacks pants undone

>>13418311
No it doesnt, nobody is going to pay $500 in fees to send $1000. It would only work if transactions on the network never go below $10k in value or so, but then nobody would use it

>>13418343
Didn't you read the OP? Bitcoin will be for interbank settlement. All transactions will be over a million dollars. You won't even buy a house on the main chain. Having your own lightning wallet will be for the mega rich.

>>13417544
kek core tards BTFO. Bitcoin failed miserably and the blame goes to the retarded maximalists

>>13418508
C*recucks will just say this is fine, poorfags should be able to use the blockchain.

>>13417599
Dubs confirm.
FREE and INSTANTANEOUS transactions
Cant find it anywhere else.

>>13417614
Corecucks aren't trying to improve on its limitations though. Their argument isn't that this is a technical compromise, its that this is how crypto should be.

Just to let you guys know, Monero actually has a sane, consistent vision and takes a rational approach to achieving it. The superiority of this approach will become evident over time but smart people are accumulating now.

>>13419486
Bro, lightning network is gonna save BTC

>>13419580
lightning is trash compared to Ethereum with sharding

>>13419589
I was being sarcastic man

when will you guys realize nobody gives a fuck about your little dumb ancap philosophies and politics? people just want to make a profit and skip town

>>13419624
Everyone came to this realization in 2017. You're either a dishonest pump and dumper or a fucking retard, no other option at this point.

>>13419589
Its trash compared to literally anything.

The best solution for bitcoin scaling is to simply trade wallets using a faster blockchain on a dex. Imagine having a bunch of BTC wallets with exactly 0.1 and 0.01 in them and then being able to buy them and sell them on a dex using ETH or EOS or Nano or TRX.

Scaling solved fuck faces

I pretend I am an artist instead of telling people I trade internet meme coins because the entire community outside of development is pretty embarrassing desu.

>>13419662
scaling by using another crypto to scale

????

this idea is worse than big blockers

>>13419699
People have been doing this for years
manually

>>13419662
Its almost as if there is a project out there that could help BTC achieve the perfect form it should have. Gee, I wonder what it could be...

Satoshi says in the white paper there will need to be a layer two solution to facilitate p2p payments as the network grew. I think you guys forget BTC was essentially released in alpha and gained exposure much more quickly than Satoshi was expecting or wanted because of wikileaks, and he soon after died.

>>13419752
DING DING DING
Blockstream was NOT that solution though

>>13417868
HAHAHAHAHAHAAHAHAHHAHAHAHAHAHAHAHAHAHHHHHHHHHHHHHHHAHAHAHAHAHAHA
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL

>>13419752
>Satoshi says in the white paper there will need to be a layer two solution to facilitate p2p payments
The sad part is retards will believe this post because almost none of /biz/ has read it and they all hold btc.

>>13417868
OH NO NO NO
YOU FUCKING PAJEET NOOOOOOOOOO
>>>13418058
NOOOO
HAHAHHAHAHAHA

>>13419752
>>13419777
THIS. Where exactly is this line in the white paper?

Want some other quotes that contradict core cucks?

> Businesses that receive frequent payments will probably still want to run their own nodes

Huh weird, that doesn't sound like full nodes on every raspberry pi.

> The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions,

Hmm, you mean we want to introduce cheap small casual transactions?

> What is needed is an electronic payment system ... allowing any two willing parties to transact directly with each other without the need for a trusted third party

>>13419706
>People have been doing this for years
>manually

Seriously lol
The lightning network is a massive fucking UX design catastrophe meanwhile the problem has been solved using other coins for years LMAO

People fucking arguing otherwise are massive cope faggots with zero arguments.

I want BTC cucks to loose money

Please jemmmed the btc's blockchain at next halvening

>>13419911
That would be detrimental to the crypto though

>>13419890
>THIS. Where exactly is this line in the white paper?
maybe he is getting confused with satoshi's post essentially saying the same thing on bitcoin talk

What's wrong with it being a store of value? Spending it would kill the price. Pick some other shitcoin for that.

>>13419960
>Bitcoin was built to be a p2p transaction protocol that would rival banks
>absolutely fails
>btc bagholders -aka (you)-: just use btc as a store of value, let other shitcoins do what btc was intended for
>other shitcoins
>other
>shitcoins
>doing what btc was intended for
>btc is not a shitcoin tho
How is the btc cuck delusion not apparent to you people?

>>13417544

Have fun with your shitcoins. Eventually you’ll learn.

>>13419911
>I want BTC cucks to loose money

They do, when BTC goes up a little alts go up a fucking lot more.

>>13417544
You forgot the endless shitcoins being shilled daily. See: chainstink

>>13419986
Please enlighten us oh mighty btc bagholder

>>13417895
Fuck Verge. Exactly where it belongs.

>>13419571
I have zero monero and I agree with you. It's a decent hold.

>>13419944
>maybe he is getting confused with satoshi's post essentially saying the same thing on bitcoin talk
The sad part is retards will believe this post because almost none of /biz/ has read any of Satoshi's posts and they all hold btc.

>>13419997

Cope. Use your fucking brain dude.

>>13419960
>Spending it would kill the price.

So how are you going to "store value" for later to buy resources? Im not even specifically talking about cashing out to fiat. If you have an emergency how can you get your money out with a broken network? Especially if everyone else is trying to get in or out.

>>13419960
>buy a house with crypto
>exchange prices tank

>>13419987

In 2017

>>13420014
Nice argument, I'm fearful now of the knowledge I'm missing out on

>>13419902
this guy is seriously retarded

>>13417726
You realize eventually core will raise the blocksize too, rendering the only selling point of your coin moot because we'll have what you have plus lightning

Blocks your path with instant transaction at the cost of a fraction of a cent. THIS IS NOW, TODAY!

>>13420075
> you realize block stream will make their own product invalid by making the main net fast, cheap, and secure

Yeah, no.

>>13419984
I don't care about it rivaling banks I care that it appreciates to a high amount so when I trade shitcoins I get the most profits.

>>13420019
What?

>>13420080
That and they've convinced retards that hardforks are scary and they still require the miners to actually do it. The devs have nothing without hashpower.

>>13420080
The second bitcoin cash adoption threatens the real Bitcoin in any way you can guarantee the blocksize will get increased in core. This shit is a war and cashies will lose. There is nothing truly innovative about your fork

>>13420093
Crypto is doomed to fail because of brainletts like you

>>13420112
Corecucks still think in false dichotomies of BTC vs BCH. You should be concerned about alt-coins, not bitcoin forks.

>>13420097
When the market is hot, and over burdened by transactions, it becomes extremely difficult to spend your money. In other words, you can only withdraw or spend your "stored value" in a crunch if you pay enormous fees or get lucky.

>>13420112
Delusional. The cultural and intellectual baggage left over from the scaling war is real. There will be no blocksize increase on BTC even if fees skyrocket. They might throw in the towel and do an increase if either BCH or BSV gets within striking distance, but even that would be hard to push through at this rate.

>>13417599
Fpwp

>>13420179
I am concerned about alt coins more than btc forks, my whole point is that if it ever gets to where cash is even close to stealing significant market cap relative to bitcoin it can be crushed easily. I'm way more worried that eth with PoS or some mimblewimble coin or future unknown tech is going to defeat bitcoin, not retarded ass bitcoin cash

>>13420193
Dude outside of maybe a million crypto nerds on forums, nobody knows about this "intellectual baggage". It's not an issue

>>13420222
Well you are wrong. Ledger forks inherit a huge network effect.

>>13420245
Kek, you think there's millions of us? Maybe a few thousand at best.
Core turned itself into a priesthood and got high on their own supply of propaganda. They cannot easily renege on their hard doctrine without consequences. In any case it will be interesting to see what happens.

>>13420258
What consequences? The people that will propel crypto in the next bull will just buy an ETF or login to coinbase and hit the buy button. Nobody outside of a select group of nerds gives a shit about blocksize debate baggage or the precedent it set. It's a non issue

>>13420112
>>13420193
>>13420222
In order to hardfork for a larger block size BTC requires the hashpower for consensus. The same people mine BCH. Even without taking hashpower off of BCH to vote on BTC they could still block any consensus to raise the blocksize on BTC and if they did take some hashpower off of BCH to vote on BTC they definitely could block it.

>>13419662
This has got to be the dumbest thing I have ever heard. I'll sell you my wallet, it has 3 BTC on it. You give me 10 ETH. Sounds like a good deal, but when you give me 10 ETH and I give you the private key I still have the private key myself. So I'm just gonna move the BTC to a different address after the transaction and you're left with nothing.

>>13420324
Doesn't really matter and doesn't affect the ETH/BTC threshold anyway.

>>13417726
yes big bl0cks are the easy mode short term but long term they will not work without massive centralization maybe not even then this has been discussed since 2013

no shit. this is what happens when early adopters (who are all worth hundreds of millions of fucking dollars if not billions) control the direction of the coin and shit, bro

it started off as all "fuck the banks" and then when the big wallets accumulated enough it became "well actually..."

its not store of value or wait now its electronic cash or no actually its store of value and was never meant to be cash and actually no wait it was supposed to do this and partner up with the banks and then we let the banks have their say and then wait i was an extremist libertarian like not 4 years ago and now WTF I LOVE THE BANKING SYSTEM AND HEY BRO FIAT WASN'T SO BAD AFTER ALL DUDE IT'S JUST BAD MONEY HEHEHE BUT I GOT A LOT OF IT ANYWAY IF YOU CATCH MY DRIFT SENPAI

btc is failed experiment

>>13420423
>btc is failed experiment
The core (kek) of the the experiment was a success. PoW is now a proven method of preventing double spending on a decentralised network. Eventually this fact will be exploited by a system that doesn't fuck everything else up. Monero is looking good so far.

>>13420344
It matters if the anon is stupid enough to try to build something like that

>>13420366
>I validate transactions on my laptop

>>13420458
This. If nothing else, Satoshi gave us PoW and I sincerely think that is the most important protocol in all of crypto.

>>13420458
monero will probably be removed from all major exchanges by 2021
bitcoin wont be
monero is what bitcoin should have been originally but monero can never be bitcoin now or ever

>>13420297
that bull run will never happen in this timeline bro

>>13420494
look at this waste of space

>>13420546
what, you held up a fucking mirror?

>>13417544
KEK

i blame redit

>>13420566
boot-liking idiot
you will never fucking make it, ever

>>13417544
If "financial inclusion to the unbanked" in actuality boils down to "doing what baking does best and providing high interest loans to the poor to and making them gamble their life savings to drain the money from them as it's done with working classes in banked countries" then I unironically don't want it to succeed in that. Bitcoin is great but people need to stop giving money and power to all the major centralized powers that have popped up and use it like it was intended, to pay each other, get their wages paid in and buy and sell goods and services.

Remember when there were shops accepting bitcoin and it was looking like it was gaining momentum and soon all shops and services would accept it? Yeah, it's been a while, and instead it's unironically turned into nothing but speculation and profiteering and manipulation, for most it's now become variously a dangerous gambling addiction or a winning HODL loterry ticket to get a lambo in ten years time. Only very few traders will make money in the long run, no one knows when to quit while they're ahead since no one knows when they're ahead (don't know what you've got 'til it's gone and such). Most people are less inclined to actually spend bitcoin on something that isn't another scheme in order to get more bitcoin. All of that early enthusiasm and sense of sticking it to the banks has now turned into "WOW A BIG BANK IS MAKING CRYPTO MOVES SWEEEET PUMP COMING". I love Bitcoin, I want more it, I want prices to stabilize so I'll actually use it as currency and not an investment, but the loss of purpose is undeniable and it's sad af. Everyone in the crypto space is wearing gigantic rose-tinted goggles made of nothing but straw and greed.

>>13420573
bootlicking how
i stated a fact, monero probably will be removed from exchanges
what the fuck am i supposed to do about that?

monero never will be bitcoin, bitcoin should have been monero originally but it wasn't, and now we are where we are

i dont know what "make it" means
make what?

>>13420590
privacy coins are what bitcoin was meant to be
now KYC and fuck you forever

>>13420040
>In 2017

You dumb fuck, everything will out pace Bitcoin because that is always how it has worked.

>>13420598
thats basically what i said you fucking retard
learn how to read

>>13420324
Thats why the dex sells the private key which has to be generated in a way where the key changes when it changes hands.

>>13420584
good post and i agree
this is what feels different from the last run, no one gives a shit about actually using btc for anything, it's just lottery ticket

stores allowing you to pay in crypto used to be what was spammed on this board 24/7

>>13420584
>All of that early enthusiasm and sense of sticking it to the banks has now turned into "WOW A BIG BANK IS MAKING CRYPTO MOVES SWEEEET PUMP COMING".
THIS, too many newfags rooting for EFTs and the like. Crypto has become the mirror image of its creation. FFS most of the newfags don't have the keys to their crypto! Still TONNES of scams supported & the ICO model is carcinogenic like its supporters the Zoomers. Crazy how a generation can have access to all the knowledge of the world but be completely ignorant. Hope we see the price dropping lower & lower over a long period of time, the Zoomers won't have a long enough attention span! Make Crypto Great Again!

>>13418311
He's not going to make that jump.