/biz/ - Business & Finance

>>16776478
mad

>>16776478
>t. Seething nano bagholder
You have to go back

>>16776478
>Calls the coin with the most volume a shitcoin
makes sense!

>>16776478
I bought in 2019 so there.

very fucking god damn retarded

-15% on his shitcoin, the thread

Stack sats.

>>16776478
scam shitcoin holder who fell for the meme tech hype detected

>>16776864
/thread

>>16776487
We're all gonna make it.

>>16776487
>>16776811
>>16776817
>>16776836
>>16776852
>>16776864
>>16776870
>5 tx's per seccond

>>16776888
look at this cope

>>16776888
>like who needs 5 tx per second in 2020 amiright amiright
kys

>>16776906
>store of value

>>16776478
Depends.

If that’s BTC, then yeah max retard and medium ideologue.

If that’s BCH, then no not retarded, but max ideologue.

If that’s BSV, then not retarded, and low ideologue.

>>16776888
it doesn't matter cause no one buys bitcoin just to spend it on some gayming micro payments the next hour you brainlet. You only need to move your btc when you're buying a house or a car etc,
transaction time and fees are what shitcoins specialize in, because they will never have the immutability and credible scarcity that bitcoin has.
You will never recereate the organic distribution that bitcoin had with your ico scam.

Keep seething shitcoiners, your bs "tech" doesn't matter, this is decentralized money where security and credibility is 1000x more important than your gorillion txs per second on your centralized useless shitcoin

>>16776937
Very well put. OP won't address any of your points.

Whole new decade, whole new bullrun

>Inb4 muh precious metals muh boomer stox muh shit coins

>>16776864
Oh man... yeah, iota is the eternal benchmark for irrationality

>>16776937
>digital gold

>>16776937
> btc
> organic distribution

>>16777062
yes, digital gold, you mad?

>>16777121
nobody stopped you from mining in the early days, stay mad

>>16776937
based and truthpilled

>>16777139
>nobody stopped you

> BTC was not advertised years in advance to let the masses know and decide if they were willing to risk mining it
> the founder mined 1M coin before anybody even had a chance to try and when they did the has rate went ballistic
this is literally the opposite of organic and the definition of a ponzy
fist one in get to dump on the next one and this is repeated until the scam run out of idiots to lure it with easy gains

>>16776918
True for BCH and BSV but BTC is clearly leading the pump today as 400M in tether were printed.
Nothing wrong with making bucks before the scam is exposed.
And I hope it ruins BTC.

>>16777256
>>> BTC was not advertised years in advance to let the masses know and decide if they were willing to risk mining it
stay mad commie

> the founder mined 1M coin before anybody even had a chance to try
source: dude trust me

>>16776811
HEADSHOT

>>16776478
the only thing I buy is shitcoins
get fucked

>>16777285
>source: dude trust me
are you that clueless ? yes satoshi's wallets total to ~1m BTC

> stay mad commie
just don't pretend it was organic faggot

>>16776888
what a waste of trips
n i g g er, BTC is about controlling your own money, its like travelling with gold in ur pocket except u cant carry that much gold. Who gives a fuck about tx times
i cant believe we're still having this discussion in 2020
ur shitcone that does whatever tx per second is run by a jew somehwere and can shut it down whenever that hooknosed faggot decides to
thats the difference between BTC and whatever shitcone ur faggot ass is holding

>>16777256
and the blockchain determined that was a lie
the 1 million satoshi coins isn't even true
the best evidence they got is an early miner or miners mined in a specific pattern (nonce) and never moved any coins from the early days
for all we know those coins are in a landfill

the project was announced in a mailing list and dozens of people participated at launch
it was around in technology circles for a good while
also in libertarian and freedom aware circles
just because some jewish media souce didn't cram it down your throat doesn't mean it's not legit kek

It's actually a good thing the early adopters have a freedom minded ideology
it has protected the coin's development path because those early hodlers have the money to speak their minds and support the projects that maintain bitcoin's principals
nobody wants your communist nigger shit altcoins
bitcoin is the oldest strongest more decentralized most distributed most respected consensus ever

>>16777330
satoshi never touched his stack. name a more organic distribution.

>>16777256
he also hasn't moved hardly any of those early coins. everyone seems to think he's gone forever, presumably he even doesn't have keys to them anymore if he's even alive.

>>16776888
You will get it eventually, but it will cost you money and time.

>>16777330
show me those wallets and a proof that no one could mine at that time

>just don't pretend it was organic faggot
it was as organic as possible while making sure the network doesn't get fucked up by bad actors from the beginning, no shitcoin, ico scam or anything else can get even close to that level of organic distribution, even if there is no ico there are devs controlling the whole thing like vitalik

>>16777370
>>16777352
we don't even know if they're satoshi's coins
nobody has proof
the best they got is it was a serious miner in the early days because of a nonce pattern
for all we know it was some mining software that was only distributed in some hacker's mailing list and it has nothing to do with satoshi

>>16777341
this. maybe satoshi left because he didn't want to seem like the owner.

it's the only organic distribution because back then it wasnt worths shit. everything else that came after is a scam trying to print money.

>>16777424
this is a good point too

was satoshi an expert on mining?
he was a man of many crafts but I don't remember him ever talking about developing better mining software
the 1 million coins being his doesn't make any sense

>>16777413
it's pretty likely that a lot of early block rewards belonged to satoshi, but i'm not saying 1 million.

>>16776478
I swapped all of mine to CENNZ, I have made more money in CENNZ the past couple of months than what I have made from bitcoin the past 2 years

>>16776478
Btcoin core has become a useless peace of SHIT! No privacy at all, high transaction costs and slow as hell to send from 1 wallet to another. I swapped today for XMR and BCH.

>>16778308
Bitcoin is digital gold, not some nigger pajeet scamcoin oracle system..

is it really the end of the suffering bros?
will we ever drop below 7k again?

>>16778308
Solid. BTC is not bitcoin.
Bitcoin is p2p cash. 'digital gold' is not a use case. It is a copout.

>>16776478
>2010: How retarded do you have to be to buy this shitcoin in 2010?

>>16778338
digital gold is another term for worthless shit

>>16776478
imagine the hubris it takes to make this post. when this board was originally made, nobody posted about "crypto." you wouldn't even be here if you hadn't bought some bitcoin and gotten scammed out of it into some russian/pajeet/chink scam project,

>>16778384
savings is a use case

>>16778435
This board was literally made for crypto nufag

>>16778338
Lol digital gold. What a nonsense is this, who came up with this shit? Digital useless gold. Fucking kek.

>>16778408
>>16778435
The hijacking took place with the cancellation of the 2x portion of segwit2x.
At that point BTC went from being a massive growing p2p cash movement with the potential to end fiat dominance to digital beanie babies.
Too bad BTC maxis couldn't retcon the whitepaper, which explains, in the goddamned title, the use case of bitcoin. Peer to peer electronic cash.
It lives on elsewhere but BTC is a trap.

>>16778455
you can keep saying that, but it doesn't change reality. BTC is king.

>>16778451
"crypto" wasn't a thing then. At that time Bitcoin was the only one that was discussed seriously, and most threads on /biz/ were not about Bitcoin.

>>16778475
stop shilling. There was no "hijack." The network consensus cannot be

>>16778475
another S2X shill
don't believe their lies

>>16778497
cannot be dictated by a central authority*

>>16778498
>>16778513
Bitcoin is p2p electronic cash. The value of an open network is in being inclusive of everyone. Not just the rich.
BTC is hijacked but bitcoin is a concept and cannot be stopped.

>>16778484
BTC is king? Based on what? BTC has become useless for it's original purpose. It's slow, expensive to transact and certainly not private anymore. Who wants this old shitcoin in 2020? XMR is 1000x better.

>>16778539
you are stuck on this, not sure you will get past it. it's not too late to buy back in before BTC becomes the standard, but hurry up.

>>16778589
>you are stuck on this
You don't get it.
All the projections. All the charts. All the exponential value graphs. All of it was created for the rise of a p2p economy. BTC can no longer do that.
I don't fomo for broken tech.

>>16778539
>The value of an open network is in being inclusive of everyone. Not just the rich.
exactly anon, now learn the value of running your own node and see for this reason only bitcoin matters
who care's if some african transacts on mainchain if the end result is everyones a stupid goy at the end of the day
care for yourself anon and care for your personal sovereignty because this is the wave we're on
read some more and you'll get it

>>16778648
Only mining nodes matter in the bitcoin protocol and SPV is in the whitepaper.
There is no difference in end user experience if users use an SPV server.
There is a massive difference in end user experience if volatile fees price out the majority of users and make usability unpredictability for the rest.
BTC is not bitcoin. Bitcoin is p2p electronic cash for all.

>>16778608
nothing in Bitcoin is broken. you are mentally resistant to physical reality. your mind is broken.

>>16778648
Give me 3 examples why BTC is better now in 2020 than XMR. I'm really curious.

>>16776478
>>16776888
>>16778384
>>16778416
>>16778455
>>16778552
It's truly amazing how many of you spend time on a business and finance board but don't seem to grasp the fact that the free market is the only force on this planet that decides use case and value of literally everything.

>>16778688
Bitcoin has stronger guarantees on security, better tooling/support/community, and also much more liquidity and regulatory acceptance

>>16778678
you missed the photo I posted
non-mining nodes prevented a controversial hardfork backed by 90% of the hash power and 50 of the biggest service providers in the space
the SPV user does not decide which rule set his master (the node operator) decides
you want bitcoin to halve every 4 years, to only have 21 million coins, to never blacklist addresses? you need to run your own node.

the scaling debate breaks down into financial terms like you mentioned
miners and service providers want bigger blocks it's a no brainer for them
but they're ignoring the users who want to have authority to enforce the rules
bitcoin is an economy, and it started because it of its principals
only recently have small time users been out competed by professional mining firms and service providers but this does not mean these corporations have control over the code.
for unpredictability these miners and service providers must create a mining fee market where miners short sell and services long so if the fees do become unpredictable the smart businesses who hedged will continue to operate

ok now you do your own research

>>16778743
based

>>16778688
also the biggest reason Bitcoin is better is that XMR doesn't have a limited supply.

>>16776478
Absolutely retarded. We are not back and this is an obvious dead cat bounce. If you aren't shorting right now then you just hate money

>>16778743
> no tokens, no privacy, limited usage
yeah, no.
Bitcoin is p2p electronic cash. BTC is not p2p electronic cash, it is 'digital gold' which is fucking nonsense.
Everything stems from this use case and it is fundamentally broken on BTC.

>>16778774
tokens? where are you even getting your shill points from? You keep repeating the same thing over and over with your fingers in your ears. It's like your points are a mishmash of Roger Ver and some other shill. You're not thinking at all, just spouting misunderstandings of other shills and lies. Strange.

>>16778748
SPV users can run their own nodes.
Blocks are not created by most nodes, only the mining nodes.
Bitcoin is p2p electronic cash for all. BTC is not p2p electronic cash for all. The end.

>>16778804
if you're not a shill you're incredibly naive

>>16778801
BTC abandoning the title of the whitepaper is not a talking point. It is a hijacking and a travesty.
My opinions are my own. Here's another opinion: BTC cannot pivot from bitcoin's original purpose and enjoy parabolic gains in usage or price.

>>16778804
https://bitcointalk.org/index.php?topic=583.msg11405#msg11405

>>16778820
>It is a hijacking and a travesty.
satoshi didn't seem to care as much as you do
it's almost like you're a shill trying to sell something

>>16778820
nice opinion, but it's clearly wrong. Why did it gain so much in Dec 2017? Segwit was confirmed in Aug 2017.

>>16778841
> and one special, magical property:
> - can be transported over a communications channel
NOT
> and one special, magical property:
> - can be transported over a communications channel if the transaction fee is greater than the current fee market
Messing up the guaranteed usage of the base layer messes up the value proposition of p2p electronic cash. Sorry to burst your bubble.
>>16778856
People didn't and still don't know what the fuck their buying.

>>16778881
Not everybody can afford a computer, so base layer access isn't guaranteed. But what use is it to use the base layer if you can't even verify it yourself. Access to verification should be more important than being able to afford fees. Transaction fees have been in there from the very first client. So clearly they were an intended part of the system. And the fee was never fixed, so obviously a fee market is an implied intention.

>People didn't and still don't know what the fuck their buying.
so you admit that the parabolic rise is quite possible. most people don't know why the USD has any value, but they still value it.

>>16778881
>Messing up the guaranteed usage of the base layer
tell me more about the guarantees of cheap and free transactions and the altruistic miners in your system
the guarantees of of hardware progression and distribution of bandwidth increases oh what a system
>>16778881
>People didn't and still don't know what the fuck their buying.
you don't say

>>16778736
you win 1 internet

bitcoin is built on incentives where everyone can act selfishly and it will still function
the built in cost sinks of acting outside consensus keeps everyone honest and the system functions
removing average users' ability to operate nodes throws the balance and fucks up incentives and cost sinks

>>16776888
still faster than VISA

it's not that we just need bitcoin to work
we need bitcoin to be resilient to attacks
if giving authority to miners is acceptable to you go use bcash but the market decided bitcoin is the small blocks because it creates the space where people can flourish
you already have retards like craig saying he wants to go after "criminals" and blacklist transactions
what else is he not telling you
this is why you can't give authority to anyone

>>16776888
>fork bitcoin into yet another shitcoin
>put it a doge logo
>"my coin is now better than yours because it has more tx per second"
>(replace "doge logo" with "csw logo" or any assorted fucktard)

>>16777256
>muh masses

Anyone that was bright enough to be aware of bitcoin back then deserves to be richer than "the masses".

>>16778881
Tell me more about how governments will adopt BSV giving up on their closed source propietary currencies thus giving up on power.

yeah... just imagine...

>>16776478
notice how all the Bitcoin fans in this thread have green ID's and everyone else doesn't? And also notice how we're seeing a massive pump right now? how retarded!

>>16776937
based af

base layer = hardest money in recorded history, used for storing/preserving wealth and high value transactions

layer 2 / shitcoins = everyday payments, everything else

>>16779158
..if..I...had...

>>16779647
...invested...

>>16778820
>electronic cash
>fixed supply
Bitcoin is a savings technology right now. You incur huge opportunity cost by spending now, nobody wants to be Bitcoin pizza guy. Doesn't matter how big you make the block size, spending a coin with this monetary policy is not rational.
Bitcoin will eventually be used for payments but only after the opportunity cost of spending is reduced after another decade of maturity and capital appreciation. This is the collective lesson learned from the first decade of crypto but shitcoiners have somehow been left behind

Wouldn't they be able to rerun the starting blockchain with quantum computers and find the existing bitcoin keys?

>>16779680
into 45 btc

>>16779867
Bitcoin will just implement quantum resistant sha function and hard fork and life hoes on. Honestly all the best cryptographers in the world are working in crypto right now, if quantum computers strike your money safer in Bitcoin than the old legacy banking systems which have even worse security.

>>16778881
if you don't have enough money to even pay for the tx fee then you're not needed anyway

if big blocks and small fees are so important then why are you so upset, surely bsv, bch or some other fast shitcoin will get mass adopted, since there is so much demand to use crypto as a daily payment method right?

im buying bitcoin
>it's not private
price go up
>yeah, but it's not private
price go up
>everyone can literally see everything you've ever done and you will be arrested for having some bitshit dust that came from iran
price go up

>>16780069
>cryptographers
>working in crypto
wew lad

>>16779796
Man /biz/ has become so much smarter than it was a year ago. People are actually starting to understand

>>16779796
based and soundmoneypilled

>>16778743
These are 3 things that are easily changed with time. Bitcoin didn't have them before either.
>>16778756
Literally the reason Bitcoin will die. No incentive for miners to continue when there's no inflation and nobody is transacting because "it's digital gold bro"

>>16780069
But Bitcoin is anonymous, who is in charge of it. What company is taking responsibility?

Isn't it taking a nosedive at the moment, or is it because the war stuff hasn't kicked off much yet?

>>16780928
Its not anonymous when you kyc identity to your credit card and then bitcoin wallet. Bitcoin is good for large payments now more than micropayments. Theres so many things wrong with how its used today. Still valued in fiat more than its own units. Still speculated on. Still traded just for gains. And still isnt adopted by more than 1% of the world. Blockstream has taken over and officially suppressed the price. Centralization of mining exists as we see it in China but China is still anti bitcoin. Digital gold sucks. Lightning network is centralized banking. Fuck Bitcoin.