/biz/ - Business & Finance

>>15803770
Maximalists refuse to acknowledge the value of any other project other than Bitcoin out of fear and greed. This caused the rest of the market (alts) to crash and bottom. Nobody wants to partake in your one world currency scam.

Crypto is a giant ponzi. True value will soon come to light sub 1k by eoy.

Nothing, everything is going according to the masterplan.
Trade the trend.

no use case, not inherently valuable, literally meme money. what the fuck did you autists expect?

>>15803770
Recession. It's going to dump harder when it hits. Then maybe 10x back to $3-5k

>>15803770
well, it's air. it doesn't exist. computer doesn't exist. it's a giant ponzi and exists only for buying illegal items. it is centralized and is inferior to gold which can only be transmitted digitally unlike bitcoin which raise climate by 1 degree per year.

sirs the GBR is cancelled sirs?

>>15803770
it's all good famlam
>>15803844
>bitcoin obituary no. 734726386
>>15803858
>bitcoin obituary no. 734726387

>>15803770
Hijacked by blockstream and crippled so it couldn’t be digital cash anymore. Narrative changed to “Muh digital gold” and “Muh store of value.” But it has counterparty risk so it isn’t that either. Now it’s just a shitcoin on life support that people use to pay for CP and drugs. Because of miner decay it needs to increase in value by 5% every year just to keep the lights on. Libra will be the cheap digital cash the 3rd world wants and central banks will come up with some blockchain reserve currency. We lost.

>>15803891
Bitcoins have inherent value since they have actual commodities backing them (hardware and energy)

>>15804125
>But it has counterparty risk
rofl
>bitcoin obituary no. 734726388

>>15804146
The energy is lost and gone forever. The hardware can be put to another use.

>>15803770
Nothing went right, it's a ponzi and it fullfils its role good.

>>15804155
What happens when the miners stop mining? No different than when a country demonitizes their currency. Worthless. What’s that called?

>>15804156
The energy is not lost, it has gone into securing the bitcoin ledger which is impossible to undo. The energy has gone into generating the nonce of each block

>>15804178
YFW when quantum computers.

>>15803770
1 post by this ID.

>>15804190
>muh quantum computers

>>15804190
quantum computers may be a game changer in public key cryptography but they don't really affect bitcoin at whole on a fundamental level. assuming good standard practice is followed by most people.

>>15804082
fiat doesnt exist, its just pieces of paper, yet, thats what you work for. bitoin is only zeros and ones, but there is a limited amount of those zeros and ones making it infinitely more valuable than fiat

>>15804146
>>15804178
>I spend actual energy running an incinerator that burns my shit to ashes
>my shit ashes has value because of this
wowee

>>15804156
The hardware is application specific tho.

>>15804365
Can be used to mine any other crypto wiry a software patch. Or you know, run a server farm.

>>15803858
You might want to lookup the definition of a Ponzi

>>15803844

Hello retard? Hi, ya, are you listening?

No other project has value because no other project had an immutable ledger. When will you shitcoiners figure this out?

>>15804125

No you lost because you’re a brainlet bcasher

>>15804361
That's a non sequitor, as you can't even prove you used the energy to burn your shit into ashes

every time it starts going up a little, pajeets start to dump after a 50 dollar gain. why are ppl doing this?

>>15804370

It’s application specific to sha-256 meaning it will only ever be used for mining bitcoin unless you create a shitcoin that’s sha-256 which will then by definition have an insecure ledger lol. are you retarded?

>>15804446
It’s called taking your chips and going home. This is the slow bleed as bitcoin failed to live up to the white paper and now no one actually knows what it is anymore. Libra is going to take your lunch because most people don’t care about decentralization. They just want fast and cheap and blockstream killed that dream.

>>15803770
Greg Maxwell and Blockstream.

>>15804458
Well then I guess you have some worthless hardware. Congrats. Maybe melt it down?

>>15804459
>pink ID

pottery

>>15804459

Why can’t we just use dollars instead of libra?

And if nobody cares why does the price of bitcoin keep rising over a 10 year period? Less people are caring over time? KYS

>>15804468

Paid bcash fudder detected

>>15804475
Multi currency=stability. As for bitcoin. It had potential in the beginning but blockstream crippled it.

>>15804497

Ya you’re a fucking retard shitcoiner aren’t you. KYS

Turned into a Speculative asset that every guy in their 20s would not shut the fuck up about

>>15803770

Nothing, we’re right on schedule.

>>15804510
"to protect against the upcoming financial crisis"

>>15804527
Right. Let’s see how bitcoin weathers it’s first recession.

vays and pompliano both destroyed it by being truly retarded

but at least pomp is getting on the xrp train soon

interview tomorrow, guys

watch him set up the flip

>>15804537

Go back to r*ddit and hold fucking dollars please. Who even are you lol

>>15804546
The only thing worse than bitcoin evangelists is xrp evangelists. Literal cancer. How new are you boomer?

>>15804546

No. XRP is a scam and you don’t have a brain.

>>15804563
what's the scam?

enlighten me

>>15804553

The only thing worse than a bcasher is a bcasher that thinks libra is better than dollars and bitcoin. (You) lol

>>15804553
traded xrp for 3 years... if you haven't then unlucky for you

>>15804566

It’s a centralized shitcoin that has 90% of the supply held by a company and consensus isn’t performed by individuals running nodes.

Are you really this fucking dumb? Lmao

>>15804568
Libra will bank the unbanked in developing nations. Something the dollar and bitcoin failed to do.

>>15804578
90%, eh?

tell me more

lol

>>15804586

If you havent noticed it’s a centralized shitcoin and every country will just ban it. You really don’t have a brain do you?

>>15804599

Figure it out on your own retard. I dont have time for brainlet cripple faggots

>>15804602
Why would they? Centralized means control. Countries will embrace it. I’m not saying it’s a good thing. I just see it coming. The good doesn’t always win.

>>15804621

Have you read any of the headlines and do you not understand that developing nations will lose the power over their own currency by allowing libra in their borders? Jesus christ are you a troll or just really this fucking dumb?

>>15804621

Countries have less control over libra than they do over their own national currencies, so they will ban libra and force you to use the national centralized currency. This stuff isn’t hard buddy

>>15804643
I’d say Venezuela won’t have a choice. People will use it anyway.

>>15804657

How will people in venezuelans use libra if nobody in the country has access to facebook because the government blocked the website and currency? Please KYS

>>15803891
>inherently valuable
Nice meme

>>15804621
>The good doesn’t always win.
and the honey badger doesn't always give a fuck but when it does it can be nasty

>>15804675
Wait. So bitcoin will always survive and countries can’t ban it. But Libra, Libra is trash that will be banned. Kek

>>15804675
that's why they should use bitcoin can't really be blocked comes off satellites even

>>15804725

Dumbass, a country can literally block libra transactions, they can’t block bitcoin transactions because it’s decentralized. Please learn the basics before you post.

>>15804729

Exactly, this moron keeps saying people will use libra over bitcoin, and i keep pointing out over and over that they can block and ban libra transactions but they can’t block bitcoin transactions

>>15804609
i've studied xrp for 3 years and you're the retard for not making any money from it

>>15804773

I don’t buy scams and i hold my value in bitcoin. KYS and have fun riding that crap to zero

>>15804785
no, you enjoy your decentralised chinacoin and watch as it slowly starts being destroyed by the media because it's not environmentally sustainable

if you don't think the bitcoin/xrp flip is coming then you're going to seriously regret your ignorance

>>15804800
>because it's not environmentally sustainable
thanks to the cutthroat competition and sensitivity to electric prices most of the btc is mined with privately owned renewable energy sources like hydro and solar. it would be hard to attack it on that front.

>>15804811
>in china

74% of it

>>15804800

Bitcoin is the most efficient way to transfer wealth ever created.

If you think the “chinese miners” control bitcoin you’re a cripple drone and dont know anything.

Stop Riding in cars, not environmentally sustainable

Also kys for shilling a fucking scam coin

An October study found that Chinese-run mining groups—known as “mining pools”—are responsible for 74% of bitcoin’s hash rate, the network’s computational power. Given that Chinese miners control the lion’s share of the bitcoin network, the country is disproportionately affected by bitcoin mining’s impact on the environment. Industry estimates say that on a daily basis, bitcoin sucks up as much energy as 5 million US households.

LOLLLLLLL

>>15804818
used to be much higher that's a good sign

>>15804822
how is it the most efficient when it takes longer and costs more...?

>>15804818

Brainlet, all miners can do is mine what the users running the nodes let them mine.

Cripple is controlled 100% by a fucking company with nothing keeping the xrp supply in place but your blind faith in a centralized company.

KILL
YOUR
SELF

>>15804839
you're definitely as dumb as the constant "insults" show you to be

you'll learn the hard way like many others

enjoy your illusion for a bit longer

>>15804838

Moving gold and printing paper money and building physical vaults and burning fossil fuels to move paper around and paying employees is more efficient that market based money creation?

>>15804860

Lmao sell your cripple dumbass. We aint going anywhere. Bow to the king you fucking peasant.

what i get is that if we keep pajeets out of cryptocurrency itself, the project is actually promising. it's just fucking pajeets that likes to shit on everything

>>15804863
takes longer and costs more than the direct competition...

you lack comprehension skills

>>15803770
>What went wrong?
???
something went wrong? what bitcoin are you looking at?

>>15804875

It takes longer to send bitcoin than physical gold? Are you high?

>>15804173
LOL you're the same fucking idiot i was (You)ing to last night

>>15804880
i'm talking about other crypto, you dullard

it's not hard to see why you don't understand

get back in your hole, bitcoin caveman

>>15804875

You can send xrp for free and it’s super fast but the price you pay for that feature is a centralized ledger that has no guarantee on monetary policy. You’re choice i guess. Lmao. Have fun with 100 trillion tokens

>>15804894

Paypal lets you send money faster than your shitcoins, invest in dollars?

>>15804899
you're so misinformed that it hurts

if you'd done the same 3 years research as me, you'd be laughing at yourself too

>>15804894
so why are people still by and large using bitcoin you fucking retard? also you realise tx fees go up not because miners mark them up like fucking walmart but because people want to get into a block ASAP, so they pay higher and higher (comparable to an auction)

>>15804911
the dollar is dead

and paypal is payment, not settlement

you'll see when it's too late

>>15804915

Hahaha nice non reply shitcoiner. You just got schooled for the 10th time.

>>15804923
people still smoke cigarettes too

does everything people still do sound like a good idea to you?

>>15804924

You have to be a deluded bcasher or paid xrp pajeet, i can’t figure out which one though?

>>15804931
only you could believe you actually said anything of value

an idiot never knows when they've lost an argument

fucking get lost, noob... i've had smarter shits than you

>>15804943
go and watch countless high finance people saying bitcoin is not the answer

it will never be used in the global financial system

guess what will

>>15804935
oh shit true, you've completely convinced me anon
I'm going to stop using:
>all vehicle transportation
>housing
>eating food
>wearing clothes
etc etc
you are a fucking genius

but in all seriousness, you're fucking retarded and in denial

>>15804946

You are smart

Very smart

Buy Ripple

Listen to me guys, not a scam. *wink wink*

>>15804952

Yes buy ripple

Ripple is the future

Listen to me i am extremely smart and we have decentralized things and stuff

>>15804963
now that's definitely the kind of dumb strawman argument i'd expect to find here

keep it up, special child

>>15804985
just watch how rattled anthony pompliano is when he interviews brad garlinghouse tomorrow

and now fuck off, you absolute moron

>>15805002
stop being a turbo faggot you fucking mong

>>15805018
does a mong buy xrp at less than a cent and sell for 3 dollars?

>>15805002

Let me ask you something, does this image upset you? Kek

>>15805029
only the child-like graphic design aspect of it, sure

did you make it?

>>15805028

Bahahahaahahhahaha you a butthurt cripple holder i knew it! You guys are so easy to spot rofl

How many tokens are there going to be next month? 10 trillion? 50 trillion? Have fun holding! BAHAHAHAHHAAHAHAHAAHHAHAHAHAHAHAHAHAHAHA

>>15805002
Oh no the blocks are too small! And the transactions are too big! Surely this is the end of bitcoin! Dare I say even the end of all cryptocurrency as we know it!

>>15805029
>Kek

oh no, you're 12

i've wasted my time

>>15804156
You don't know how value is (sadly) created. If only you knew.

There was no greater fool that wanted to buy at higher price

>>15805043
>bought at 0.007
>sold at $3.04

butthurt

lol

sure

Cripple bagholder hate thread? Lmao

>>15805049
There’s a reason ripple is no. 3 and bitcoin is no. 1 and you and I both know it

>>15805063
check out the roman empire

being at the top doesn't last forever

>>15805058

Price appreciation for scam coins happens every day, have fun holding longer! Just keep holding guys! LMAO!

bitcoin aka blockbuster video 2.0

goodbye, you stupid stubborn bastards

remember this thread

>>/wsg/3070814

>>15805068

You beed to have actual reasons to support your claim that a centralized scam coin (XRP) will gain people’s trust more than the only decentralized cryptocurrency (bitcoin) and all you can do is come up with “lol i made money on xrp tho” and “lol but i did research and stuff mommy!”

>>>/wsg/3070814

>>15805068
XRP is centrally owned by Chris Larsen and company. Was it mined? Was it worked for? Or did they just print the XRP out of nothing. The point of crypto is decentralization without a central party and a fair consensus of distribution. No matter how much mining and proof of work is deemed as inefficient and it eats up too much energy, it's still the best way to distribute the coins. XRP is to fiat as Ripple is to central banks.

>>15805106

Criplets don’t want to hear this because they have bags to scam bags to unload

>>15805058
>be you
>my shitcoin went up 43328.6% in usd
>"the dollar is dead"
>big % mean XRP better then BTC, how can you not see!!?!
>meanwhile XRP is down ~50% in BTC value since inception in 2013
>BTC is no.1
>XRP is no.3
>b-b-but XRP is the BTC killer!!! i swear, okay!?!!?!

Nothing went wrong retard

>>15804743
Libra is also decentralized. Only the wallet is "centralized" because you need to get approved by Facebook. But there are already other wallets developed for it that doesn't require any KYC or approval.

You don't understand Libra.

>>15803844
>refuse to acknowledge the value of any other project
Literally DOGECOIN is ranked #29 on coinmarketcap. XRP is #3 and even shitcoiners agree it's a scam. Ethereum is #2 and was launched as a knowingly unscalable "scrappy" project. Litecoin was #2 for several years and is still #6, and everyone agrees it's fundamentally useless.

What aren't Bitcoiners acknowledging exactly? A bunch of vaporware pump and dumps that seemingly appeared out of nowhere? If altcoins wanted to prove themselves, they don't need permission from Bitcoiners. People would catch on and money would naturally flow into them. But for 2 years they have done the opposite.

Blockstream kill BTC

>>15804196
this

>>15804443
That too is a non sequiter - unless you can supply a credible explanation of why proof you used the energy to burn your shit to ashes would alter the value of those ashes.

the jewish internet defense force is ruining biz
fuck OP

Oh no, please don’t FUD bitcoin so I can accumulate at bargain-basement prices up until the halvening. Anything but that!

tether manipulation

>>15803770

>>15806204

Libra shills????? Holy fuck!

>>15807268
where can I invest in libra
I already know it's better than bitcoin and can scale

>>15807277

It’s not something that will go up in value dumbass. Lmao.

>>15806204

Libra will have a few dozen validator nodes that are closed from public access and they are all named parties with no penalty for colluding to change the ledger, so how exactly is it decentralized? It’s a corporate scam coin buddy.

You just don’t understand libra.

LINK will Flip BTC

>>15806399
Ironically true

>>15807359

KYS

>>15803770
If the dollar crashes wouldn't everyone withdraw their bitcoin?

>>15803770
mass produced ASICs

>>15803770
Tulip Mania.

>>15807220
https://en.wikipedia.org/wiki/Tether_(cryptocurrency)
>From January 2017 to September 2018, the amount of tethers outstanding grew from about $10 million to about $2.8 billion. In early 2018 Tether accounted for about 10% of the trading volume of bitcoin, but during the summer of 2018 it accounted for up to 80% of bitcoin volume.

https://tether.to/legal/
>If you are a TIL Customer, any dispute, claim, controversy or action... shall be subject to the exclusive jurisdiction of the courts of the British Virgin Islands.
A company that operates out of Hong Kong, legally based on the other side of the world in a British overseas territory, which issues it's own version of USD.
And that not-USD once accounted for 80% of bitcoin trade volume.
fucking incredible

man you zoomers really are showing your age. Bitcoin has died countless times now. In the Gox days I actually thought I might kms.

At the current price it's the best performing asset in recorded history. Attention spans and iq's have been so thoroughly destroyed in these past decades that it seems no one can see the forest for trees anymore. bankers cant stop it.

if you're worried about altcoins susceptibility to 51% attacks you should look into dPOW.

>>15803770
https:// youtu.be/q-gGABI7RCQ
Start at 15:35, listen to the very simple and undeniable facts he is stating and the rationality of his position. This has been how the actual value in crypto for all the time prior to the great fork had developed.
Now look at the market and how it's apparently valuing that position. Take special note of the fact that the reason for this is because of the massive volumes in usdt that are very clearly manipulating the field to an absolutely idiotic and unreasonable state.
There are dozens of things that led us to this point, pic related amongst the most recent and retrospectively obvious examples, but the thing keeping us here is just outright fraud coupled with apathy, stupidity, ignorance and tribalism.
So, basically what always goes wrong when humans are involved.

>>15804546
https://www.youtube.com/watch?v=3tMRSaVuUjc

>>15808229
>they can withdraw
no they can't you don't understand how this shit is settled and what smart contracts are the btc is locked into channels but the hubs have no control over it they got total control over their own liquidity pool not locked in channels.

>>15808229
>Start at 15:35, listen to the very simple and undeniable facts
they are not undeniable but there is a point there as in for the common people a low fee network seem to offer more utility. it looks that way at first glance. but the real value of bitcoin is not in it's pay for coffee and bus tickets utility. it's real value is in taking complete control over your finances. and for that you need a trustless permissionless publicly auditable system that is bitcoin.
and this is where the core team argument comes in:
1) consensus is broader than how cashies define it
2) power is much more distributed than how cashies define it and the dynamics are more complex
3) cashies don't actually understand consensus
4) the network first and foremost needs to remain trustless and permissionless any more centralization threatens that
5) dirt transactions can go to sidechains where these principles weaken without compromising the core of the ecosystem
6) you need different levels of trustless for your coffee and your savings
7) bitcoin is not well suited to be cash based solely on it's supply cash needs to be stable in value and there is no way to do that with bitcoin it will always have speculative bubbles and crashes

>>15808731
False dichotomy. If it is properly fit for what you deem as the more important use case it is properly fit for the less important too. They're not just not mutually exclusive, they're inseparable. And to not grasp this ten years later is just the kind of ignorant stupidity I was referring to.
Everything else you said boils down to "well that's just like, your opinion man" which is another great example of tribalism and apathy.
Thanks for providing a terrible example by way of actually trying to refute him. You are exactly the kind of know nothing idiot who is directly responsible for the present situation.

>>15808687
> total control over their own liquidity pools
That's all it requires, if you think otherwise you're too stupid to understand it, and yet more evidence of the problem.

>>15806382
Bitcoin is a scam too, it's just the oldest scam of all cryptos.

>>15804146
wrong
there is value, but it is not intrinsic since you cannot do anything with the coin
the value is only in the now

>>15804156
>energy is lost and gone forever

>>15804835
Are you sure about that? I thought a large proportion of the mining was done in Russia.

>>15809055
based and 55-pilled

>>15807277
The brand is owned by Essity, which is listed on the Swedish Nasdaq.

>>15804156
>what is conservation of energy

>>15804156
Tell me what you can use a sha256 asic for other than mining