/biz/ - Business & Finance

>>16200439
because of its shitty block sizes

>>16200439
Literal meme coin

>>16200439
Because there is literally no demand for it you dumb gook.

>>16200439
it did not it's just taking a little break. have you ever heard of the adoption gap?

>>16200462
If there was no demand for it, the price wouldn't go up with every halving.

some anon plz post the Blockstream Pill, im on mobile right now i dont have my folder with me.

>>16200439
antiqued boomer coin
bitcoin is the horse carriage of crypto

>>16200488
the horse carriage was still used in ww2

>>16200482
>Ten year adoption gap
>just a little break

>>16200439
bitcoin is digital gold and a store of value

>>16200488
if BTC is a horse carriage
we're entering the chariot age

>>16200514
Imagine repeating false advertising like a retarded parrot. You will never make it

>>16200514
What's the value?

>>16200547
its the only trustless permissionless publicly auditable ledger that is also secure to date. supply curve is also hard capped stock to flow about to flip golds.

>>16200486
>a small group of the world's population
>demand

The question is why did it fail to be the future currency which it isn't and never will be. It's been 10 years and you can barely use it anywhere. It will never be adopted as currency, and as such its value will slowly decrease as people realize there is little way to exploit value from it.

>>16200579
A bot could do your job you mouth breathing advertising coumn

>>16200579
Those things only multiply the value if you have any to begin with. Zero times one hundred is still zero.

>>16200599
>there is little way to exploit value from it.
You can dump your bags on people and make a lot of money in USD.

I mean if you bought at $20,000 it probably does look failed to you. If you bought at $20 adoption looks like it's going at breakneck speeds

>>16200601
you can't prove that i'm not a bot

>>16200610
no they are the value proposition of bitcoin

>>16200439
>barely even give it a chance, constantly shit on it and refuse to use anything but archaic controlled fiat
>bitcoin doesn't immediately change the entire world after only 10 years
>hurr guess it won't work and isn't the future guise
>despite the fact it's functioning just fine right now and growing

Are you people legit retarded? Huge chain stores accept it now. Its market cap dwarfs silver. It's out performed basically everything in stocks and metals.

>>16200541
t. BSVjeet

>>16200439
how much do you get paid for this?

>>16200439
> expecting magic internet money the likes of which the world has never seen before, based on extremely complex computer science which is gibberish to the average joe, to achieve mass global adoption in less than 15 years

Top kek, patience of a 2 year old. Bitcoin is doing pretty fucking well. It is probably the best opt-out from the current financial system we are currently slaves to, and we should count ourselves lucky every day that we all have access to that exit

The story of bitcoin going from $0 to $8,800 is far more bizarre and unlikely than the story of bitcoin going from here to mass adoption. Don't lose the forest for the trees

>>16200771
Also don't forget, best performing asset IN HISTORY. But yeah sure, its a failure

>>16200685
You do understand anything multiplied by zero is still zero right?

>>16200655
Where's the adoption?

>>16200836
Ask the cashiers at whole foods home depot and starbucks

>>16200879
kek
"It is important to clarify that we are not accepting digital assets at Starbucks,” a spokesman told Motherboard. “Rather the exchange will convert digital assets like Bitcoin into US dollars, which can be used at Starbucks."

>>16200439
Fiat currency will always have value because it's needed to pay taxes. Bitcoin can't be used for that; its value is purely speculative.
People wrongly think scarcity is the source of value. But though scarcity can enhance value, it counts for nothing if the demand isn't there in the first place. And as other shitcoins have appeared, people have started to realise there's nothing special about Bitcoin.

>>16200701
>using buttcorn
>as currency
sure thing I gone pay 15 dollar fees on that 10 dollar purchase, have to wait 90 minutes for confirmation aaaaand if I get scammed no charge back.
>ib4 forks and lightning
nobody needs grypto gurrency. dlt may have use cases, a deflationary double spending proof poc token not so much

>>16200439
1) transparent blockchain
2) fixed blocksize
3) mining centralization
4) development is stagnant

>>16200915
>And as other shitcoins have appeared, people have started to realise there's nothing special about Bitcoin.
People were saying this back in 2015. Then BTC went to 20k.

>>16200439
jews. unironically

>>16200782
But it’s no chain link fren. Kek.

>>16200782
Still a failure as a currency replacement. Which is the whole point.

>>16200727
>Are you people legit retarded?
Yes

>>16200938
>why isn't it working perfectly right now!

>>16200938
Obviously if you want consumer protection you will use a 3rd party
How the fuck do you expect a decentralized consensus network to handle your individual purchase
At its core bitcoin as digital value makes sense then people can build whatever they want on top

>>16201221
Where's the value?

>>16200836
All future adoption is happening on BSV now.

>>16201227
It's a global consensus that can't be debased

>>16200439
>>16200486
>>16200498
>>16200547
>>16200610
>>16200625
>>16200828
>>16200836
>>16200913
>>16200948
>>16201147
>>16201227
nocoiner cope

Dude fucking 10k+ people are in sync propagating blocks at real time and have been for 10 years
They do this for maybe millions of people integrated into the network
It's dope and keeps getting better

>>16200836
YOU talking about it now, its current relevance, its price range now vs when it was $20, is all the scale of adoption. its all perspective, 5 years from now the perception of adoption will be viewed as still inferior to the mass public (in terms of being used as currency) but it will be so much more advanced than it is now. regardless of price. Bitcoins adoption and scarcity will naturally increase the value, and that is even stated in the whitepaper.

>>16201227
>>16200915
>>16200828

Stop grasping to find the value in bitcoin the currency for one second.

Now, try and see the value of the bitcoin network. For the first time in history, there is a way to keep a completely decentralised, immutable, censorship resistant, open access ledger and unit of account. There are millions of exahashes per second of computing power being poured into validating this ledger, and finding consensus on who owns what and how much.

Even if you think it has no value, the market has decided that at present it is worth ~8800USD, which means it can be exchanged for various goods, services or other currencies if you so wish - things with "intrinsic" value.

Because of this, you are able to, using the vast network of nodes, miners and hashpower, transact value in real time, across borders, in a way that cannot be stopped by any 3rd party, bank, government or anyone.

Now, back to bitcoin the currency - owning bitcoin is like owning a piece of the network. It enables you to use the network for whatever purposes you wish.

The value of the network, and thereby, the native currency which can be used upon it, is therefore derived from its utility.

You can make the argument that the bitcoin network is overvalued, undervalued or whatever.

But to say that the largest, completely decentralised, completely immutable, censorship resistant ledger in human history has ZERO value is absurd.

>>16201337
this, nocoiners btfo boom roasted

>>16201337
Blockchain itself is useful technology. But being the first in history is of no importance. Aliweb was the first search engine, but nobody uses it instead of Google!

Where blockchain is needed, blockchain can be used. But there is no need to tie it into the currency.

>>16200948
That's the thing about speculation: it can push the value VERY high before the inevitable crash.

>>16201583
It could be argued that bitcoin is both not the first electronic currency and not the first blockchain, so what that leaves us with is it is the first important and useful blockchain based ecurrency

Bitcoin didn't fail. What happened is BTC failed to be Bitcoin. Bitcoin lives on with the ticker BSV. All the best devs are building on it an it's able to handle literally ALL financial transactions and much much more. BSV is where it's at

>>16201337
If it's so valuable why does nobody use it?

>>16201583
While the overall sentiment is true, I disagree that a flippening event would result in bitcoin dying altogether. An asset is fundamentally different from a search engine in its sticking power and what people use it and want it for. I could see bitcoin going the way of silver- eventually losing its status of being the money standard and yet still widely considered a store of value asset

>>16201713
Daily active addresses steadily increasing for most of its lifetime

>>16201583
blockchain without a currency is literally just an excel spreadsheet. it is an integral part of how the technology works that is useless without it

I can't believe people are still falling for the "blockchain, not bitcoin" meme

>>16200439
because (((blockstream))) decided to kill it by putting block size limit and disabling instant tx forever.
we got bsv though, the original scalable bitcoin

>>16200828
are we talking about your iq?

>>16201875
no

>>16201939
i would argue that the blockchain as technology is absolutely shit and retarded but there is no other way to make bitcoin work for now. we are stuck with it. people that say bitcoin is useless but blockchain is cool got it all wrong.

>>16201875
Are they actually using those coins in the economy, or are they just speculating? I have a bitcoin wallet, but I don't intend on ever actually spending any bitcoin.

How do you even go about using it as a currency? The price jumps all over the place say you buy something for 5 bitcoins or whatever hour later it’s worth significantly more or less than that. How does that work? It’s stupid.