/biz/ - Business & Finance

>>19367770
tard fud = bullish.
thanks

>>19367844
>facts are now FUD

>>19367770
Correct
But you’re an idiot op
Bitcoin isn’t meant to be used as a currency retard it’s like gold and it’s rare and expensive because there is only 21 million so it’ll always go up in price obviously it’s not a currency dummy

>>19367860
t. seething no-coiner

I will unironically send you 0.01 btc right now if you post your address.

>>19367770
Retards will post in this thread and say this is fud

>>19367886
Isn't it ironical that you're completely ignoring what you were told to? >>19367865
Stop using it, you're not supposed to use it, retard.

>>19368010
this isn't about being a "transaction network", im offering to give you a small gold coin to show you the features....

>>19367886
Isn't it ironical that you're completely ignoring what you were told to? >>19367865
Stop using it, you're not supposed to use it, retard. And that insult comes from him, not me. retard (that one comes from me).

>>19368036
>deletes prev response because of high retardation
...again this isn't about being a "transaction network", im offering to give you a small gold coin to show you the features....

>>19367770
atomic swaps LN and Litecoin will fix this.

>>19368038
Why is reddit so cucked?

>>19368110
If it solely were reddit... it's /biz/, reddit and twitter... have you ever looked at twitter? Cringe as fuck... however reddit "bundles" them slightly better

If LN is so good why no popular wallets have integrated it yet? They are doing piss poor outreach.

>>19368199
it's not good since nobody uses it (low volume)
nobody uses it since it's not good

LN is in a tough spot

>>19367770
normies will never adopt BTC
doesn't mean it's not gonna go up in price

>>19367770

>>19368307
>>19368320
it's interesting how you solely come back with
>muh price
really interesting...

KING DADDY NANO
WOOOOOOOOOOO

>>19368338
What are we supposed to come back with?
Crypto is just a means to an end.

>>19368364
The fact that I have not once mentioned anything about the price and you still feel the need to talk about it...
Delusion Peak

>Crypto is just a means to an end.
To an end of what?

Only boomers and retards are focused on cryptocurrencies. It's all about useful smartcontracts now.

>>19368466
>The fact that I have not once mentioned anything about the price and you still feel the need to talk about it...
...
This is the business and finance board, anon, price is all that matters. It's discussion is implied.

>To an end of what?
Monetary gains?

>>19368497
>This is the business and finance board
Well, Crypto is not used by business outside crypto itself and using your own words also not a finance product.
>To an end of what? Monetary gains

So, why are you replying here? Also, why are you replying if you said that normies will never adopt it, basically yourself saying that the price can't go up as there isn't any buyers anymore...
>normies will never adopt BTC

>>19367865
Unlike gold having some unique aesthetic and physical properties establishing its price's lower bound, bitcoin cannot be used directly for anything other than storing value and transfering it.

BUT in practice you cannot use bitcoin to transfer value because of high transaction costs in both time and money. As OP pointed out, in future it will only get worse to the point of theoretical impossibility.

SO the only value of bitcoin is its perceived utility as a value storage. Here things get tricky. Can you notice the circularity?

Limited supply is a necessary but not sufficient requirement for something to have value. Everything that is valueable must be scarce, but not every scarce thing is valuable. Blue-eyed black lemur's shit is extremely scarce, as there are only thousand or so of those animals, yet you don't see it being sold at high prices. You don't see it being sold at all, because it has perceived value of exactly 0.

And bitcoin will be no different than blue-eyed black lemur's shit when the bubble finally burst and network collapses.

>>19367770
Why are you pretending you have some better option? All smug like you know anything about anything.
International bank transfers? 5 ladies fill out forms and stamp each transaction. Errors are corrected through the court system. If 2.5 billion people wanted to transact constantly using the banks like in your "real world" example we would need 12.5 billion bank employees to meet demand.
All other cryptos are under absolute central control by a foundation trying to make money. They provide nothing a central database doesn't and no established error correction through the courts.
Payment networks like VISA? Central databases with 1-5% fees and not even an option of simply transferring money.

>>19368583
Normies never adopted the internet, still today none of them know anything about the internet. They buy services from companies that use the internet to be able to sell consumer products like social media.

Stop arguing your charlatan scam against core, youre both garbage. False dichotomy, there are numerous better currency coin choices.

>>19368583
>Well, Crypto is not used by business outside crypto itself and using your own words also not a finance product.
Why are you making off topic discussions then?
Crypto is undeniably an asset class. Whether it's legitimate or not is irrelevant, if you want to "invest" in bitcoin, you easily and legally can in most parts of the world.

>>19368648
I really am missing the smart oldfags... stop shitposting so much in other threads

>>19368683
>Normies never adopted the internet
Have you opened for example youtube once in the last... 10 years?

>>19368715
>Crypto is undeniably an asset class
But Goldman Sachs says Crypto is not an asset class

>>19368727
>Have you opened for example youtube once in the last... 10 years?
You are too dumb to talk to. I will not soil my superior brain by exposing it any further to braindead scum of the earth like you that's unable to string together a single thought.
>They buy services from companies that use the internet to be able to sell consumer products like social media.
You don't use the internet. You're too dumb. You use services that are built on the internet for dumb people.

>>19368727
you give off such a loser vibe dude. relax

>>19368827
What are you doing with Crypto?

>>19367770
>please sirs my village, it needs toilet papers
>bitcoin developers do the needful with more tps thank you

>>19367865
HAHAHAHAHAH

BITCOIN HAS NO VALUE YOU FUCKING DUMMY

ITS SHIT

>>19368648
Bitcoin has value because it can be transferred without an intermediary and because it is rare people will pay more and more for it it’ll be a million this next decade guanenteed even if it cannot scale it doesn’t matter it is bitcoin not a shitcoin it’ll always appreciate in value stupid ass it went from a dollar to ten thousand it’ll do it again one day it’ll even be a billion... scaling is a nerd meme we don’t need it and we have lightning network so hahaha miss the boat and seethe fag bitcoin is going to make us millionaires and billionaires

>>19368683
>Why are you pretending you have some better option?
Pretending? Anon, it's right in front of you.

>>19368898
Oh yeah well my 2 bitcoin will make me worth over 20 million minimum one day watch scaling is a dumbass meme who cares about transferring it is a rare item and that is why it is expensive and will continue to be

>>19368648
I'd say Bitcoin's lower bound is criminal usages. Dark net markets mainly. I'm guessing that would justify a marketcap of $10b max currently. Other than that I completely agree with you.

>>19368827
Cringe. I’m a webdev, do I “use” the internet? Just wanted to get the news from your big brain that spends all it’s precious computational energy arguing with fags on 4chins. Thank you for gracing us plebs with the knowledge that using a website isn’t using the internet. Aren’t you guys discussing “le btc use case global adoption”. Yeah then making the comparison of normies using internet sites like YouTube is pretty valid you fucking moron.

>you don’t use the internet!! You use YouTube? That’s not the internet!! That’s just a service ON THE INTERNET so dumb SHEEP like you can USE it. My MIND is SO ERECT.
This is you

>>19368988
>scary darknet money
gay and karenpilled

>>19368998
Yeah... retards here don’t know that one btc will become almost 10 million it did it once for one to ten thousand it’ll do it again and again you fucking neets

>>19368998
>This is you
Yes. It's true. I'm incredible and you are right to seethe from envy.
>webdev
WOW a real webdev!

>>19369077
Shutup bitcoin will be worth millions I drop every paycheck into it....

>>19368827
inventing a copypasta is a great honor anon.

>>19368038

>just pay a higher fee
>go earlier than the rest

Literally designed to discourage useless transactions. If you want to pay 500 usd to transfer the btc needed to pay for coffee during a massive trading spike, be my guest.

>>19369019
What the fuck are you on about? I'm stating that the main usage for Bitcoin is buying stuff from darknet markets. There's literally no reason for me to buy bitcoin and then order something online if I can do it via VISA/Paypal etc. Only reason would be to stay anonymous (have plausible deniability at least). Most Bitcoin transactions are just transactions between exchanges and wallets.

>>19369036
Lmao, current year +5, 2017 crypto mania hype shitshow +3, still somehow holding on to 10k levels after the bear market, fake halving hype, fake bakkt hype. AND STILL these motherfuckers are bringing up the same old fud that’s been talked to death here let alone the old school places like btctalk. People come here bashing crypto, speaking so authoratitively, because they think whatever X problem they just thought up hasn’t already been discussed over and over again (while btc pumps to insanity levels for an entire decade).

>>19367770
People "investing" in this old tech non-functional trash fire are really doing themselves no favors.

>>19369077
>WOW a real webdev

If you’re wondering whether I’m serious with my posts

Look at the first two digits of my ID and say them out loud

>>19369535
it was very clear here >>19369093
even though it was suspicious after your 2nd post

>>19368334
many did become millionaires

>>19368961
>this has got to be a parody