/biz/ - Business & Finance

>>20701606
https://www.viewbase.com/inflation

>>20701606
dr;ns

>>20701606
PRICED OUT EUROFAG

if btc dies than all your memecoins go poof. always remember that shitbug

>>20701606
BAHAHAHAHAHAAHAHA

13.2 to 14.1 in a day

that guy who was posting that 818 buy wasnt larping

what does it all mean

>not having at least 1btc in your portfolio
What coins do you think normies are going to pumping in the next year?

>>20701606
If you can't get your head around why BTC is the most useful coin in 2020, you don't understand crypto

>>20701606
Piece of shit china controled crypto. they can control transactions with theyr asic miners piece of shit didnt hardfork for 10 years so all can mine it.

>>20701693

Lol, I own BTC, I'm currently up 23% on my last buy in.

I make far more investing in alts. It seems like a waste of time to me. Weird that such a shitty coin has so many fanboys...like, what do you get out of it because it sure as shit isn't money?

>>20701606
t. the newest of newfags

>>20701606
How is a vaporware scam and a pump and dump scheme better than bitcoin?

>>20701751
You know crypto isn’t just for making you money retard. Bitcoin is the safest, most secure, hardest money the world has ever known. No shitcoin even comes close to the network security Bitcoin provides.

>>20701702

It's not going to pump that much though. It probably won't see 20K again for a good while. Trading ALTs during that time will get you so much more than 2x it's a fucking joke.

Unless you are a huge whale who is investing so much they can't find any other alt coin that has the liquidity you are wasting your time investing in BTC.

I hold some, I don't know why honestly. It just seemed like the thing to do. I'm sitting here looking at the 23% I made since my last buy thinking what a shitty return that was.

>>20701771
network security ? literaly last year binance tried to reverse some transacitons with help of chines miners.

>>20701751
>it sure as shit isn't money
no it's not money
to me btc is an escape vehicle against inflation taxes and confiscation.

i know everything else i own can be taken from me can be inflated away seized i can be robbed blind by my own retarded government and when i had enough and ran i would have to start over from nothing.

so bitcoin is my bug out fund. obviously won't work in a global meltdown of society and civilization, but in a local one its the best thing ever. venezuelans learned this the hard way as they left the country (well the lucky ones did) and were stripped of all valuables at gunpoint by soldiers on the way out.

>>20701771

> Bitcoin is the safest, most secure, hardest money the world has ever known.

ROFL, comedy gold.

>>20701807
CZ saying he wants to rollback the chain does not mean he could ever pull that off LMAO. How’d that turn out?

>>20701812

That's my point, there's plenty of other superior coins for that purpose out there. Bitcoin has had its time, it only survives now on its name. Take that away and it's a piece of shit that should die ASAP.

>>20701817
I truly hope you retards don’t kill yourselves in a few years when Bitcoin is at 300K and you were early enough to make life changing gains but were too ignorant to see the value proposition.

Bitcoin 3.0

/threas

>>20701838
Name one coin with the security of the Bitcoin network. Name 10 that combined have the same security, you can’t. Bitcoin is backed by multi billion dollar assets including land, machines, labor spanning the globe in all continents except for antarctica. Your premined ERC 20 token or dag only has cheap transactions because NOBODY FUCKING USES IT.

Do people seriously buy BTC because it gains in fiat value? You need to own BTC because 1 BTC = 1 BTC, period. You need to buy now because you're gonna get priced out SOON. If you're still counting your gains in fiat, especially in dollars, then I have a very bad news for you.

>>20701841

> Bitcoin will be 300K

Fucking laughable. When are you expecting this to happen exactly? Back in 2017 everyone and their mom were saying Bitcoin would be 100K in 6 months, 200K in a year. How did that turn out?

I'd love to hear when you think Bitcoin will be 300K? Please tell me?

>>20701838
>there's plenty of other superior coins for that purpose out there
none nope sorry bitcoin is the most likely to retain purchasing power and even hedge against inflation over time. to me shitcoins are a mirage. their market cap is bullshit it doesn't really exists. bitcoin is 95% of the real crypto market.

>>20701874

I guess it's good to invest in cults and bitcoin fanboys are utterly nuts so you have that going for you.

I was going to get priced out in 2017 and yet here we are 3 years later and not only have I not been priced out I've been priced in more easily by a 50% drop in value!

>>20701869
indeed the only coin to date that is trustless permissionless and secure it's not perfect simply the best so far

OP you're right but Jesus Christ don't ever try and argue with bitcoin maximalists. Your braincells will die.

>>20701898
100k in 2023; 300k in 2030

>>20701991

Hahahahaha, capped.

It's halved in the last 3 years. You think it's going to now 10x in the following 3 years.

Fuck me you BTC old timers are delusional.

>>20702015
thank you for the screencap. now go take it and post it to reddit you absolute faggot.

>>20701898
30k without a doubt, 100k very possible in next 10 years

>t. stinkie faggiet

>>20701898
>2013 bull market, 1.2k peak
>2014 bear market, 170 bottom (-86%) >2015-2016 slow return to prev peak
>2017 bull market, 20k peak
>2018 bear market, 3.2k bottom (-84%) >2019-2020 slow return to prev peak
>2021 bull market
>2022 bear market

>>20702077
sir this is hot sir

>>20701838
you are so fucking dumb. go ahead and buy XRP and XLM and short BTC if this is your position. for your sake, i hope you are baiting

>>20701898
Lol 2017 latecomer cope is so delicious. Keep holding onto those alts, I’ll thoroughly enjoy watching them go to shit when BTC rapes them as it’s beginning to do now. New all-time highs in 2022

Daily reminder post-2017 fags opinions are worthless

>>20701874
>1 rock = 1 rock
Do you see how meaningless and redundant that statement is

>>20701823
He decided against it. 58% of hashrate is located in 1 Chinese city and controlled by a handful of chinks

>>20701606
Will never happen.
If the human race thought like this then we would be using thorium reactors and hydrogen fuel cells.
Instead we burry our heads in the sand and do just exactly what our forefathers did.
BTC will never be flipped

>>20702171
All in on ETH and LINK.
Cryptocurrency is a dead meme. The future is all about automation.
The EOY tip 3 marketcap will be 1. ETH 2. LINK 3. USDT

>>20701606
The facts that is the first cryptocurrency make it valuable.

Same reason as first copy of super mario. Its worth more than your house now.

>>20702368
You will be meaningless and redundant in 10 years, goy.

>>20701606
The network is the value
Any coin can be copy pasted

>>20702468
I don't think that is true, but, even if it is, that would destroy faith in the system and crash the value of the coin for people who are literally the most invested in it.

>>20701606
>It's slow and useless.
but why is it slow? because it's the only store of value in existence that is trustless permissionless and secure to hold and transact.

>>20703134
it's not even the network if you took away 90% of the bitcoin network it would still be the same.

the value is in consensus. which shitcoiners don't get since 2013.

>>20701606
bitcoin is quite tempting as a pure ponzi coin since it's deflationary however one should never forget that as a currency it's beyond shit and useless. So overall as long as people believe that there will be buyers for this ponzi coin it has some value and some gains can be made as an investment.

Doge is the yin to bitcoin's yang. Together they're unstoppable

>>20701803
Because alts are risky. You should have at least 1btc to save your portfolio of all your alts go to 0. At least you'll have six figures to cash out.

>>20703239
>one should never forget that as a currency it's beyond shit and useless
Does ETH have value here?

>>20703134
Network died in 2016

>>20701807
>tried
no, he tried to ask for info and everybody told him it was impossible

>>20701606
If you do your homework on why BTC doesn't have smart contracts and only has a 1MB block size, its clear to understand why. It was always intended to be the inherent value layer. It isn't technology that is going to be superseded by the next big thing. People like OP don't understand this.

>You are absolutely delusional if you think America Online is going anywhere, it's #1 for a reason

>>20703501
yeah askjeeves is going to come along and totally eat their lunch

>>20702468
Look up what a mining pool is. All antminers come with antpool.

>>20703501
>dude blockbuster is on every street corner why would anyone invest in netflix

>>20701606
Cope harder bag holder

> uses bitcoin as a replacement for a savigns account
> doesnt care how much BTC is worth, just HODLs because it covers the inflation
> every now and then sell after an upbart just to buy it back after the correction

guise it really is digital gold isnt it?

>>20701898
Im going to beat my dick raw when the day comes and you faggots neck yourself.

>>20701717
The 100

>>20701606
>>20701751
Eventually BTC will stop being the market dominant coin because how shit it is, I give it one or two more cycles, 5 to 10 years. then its over for buttcoin.

>>20704422
have you seen the top 50 by mkt cap? its all trash

If prior experience holds there should be 1000s of new coins coming in the next 10 years. Which is going to be amazing and I will follow all the action on this weeabo board while I hold and dca into the original without regrets

>>20701746
Btc is one of the only coins that can't be controlled dumbass. PoW destroys premined stake coins, you don't just get to control the network forever with no effort, your constantly have to be deploying capital to stay relevant. In btc people actually run nodes to validate consensus rules are followed which limits 51% attack to basically pointless, if miners attack they can't create inflation or steal coins because blocks will be orphaned by the massive network of full nodes.
Btc is the fucking king.

>>20704505
theres a few good ones in there that actually work well. to name them : XMR DASH DigiByte BCH. they all scale right now.

Then ADA and ETH will also be good.

Then RLC is a 100x

>>20703501
First of all, creating a new form of money has little to do with tech and everything to do with trust. You can't start over every time because then you can never trust the new thing either. This isn't myspace or blockbuster
Secondly Bitcoin actually has the best tech so far. PoW is superior, transactions are small, space and bandwidth usage are very efficient and getting better, etc. The codebase for btc is the most solid of any crypto by 100x and least likely to have critical bugs.

Bitcoin is king you alt faggots better understand that. keep gambling on shitcoins and eventually you find yourself at the end of a rope and my cock in your anus

>>20701807
AHHAHAHAH they said they thought about it, but decided to go against it!! fucking retards. Yea,. me and my cousin thought about over throwing world order, but decided not to! hahahahahahaha fucking dipshits.

>>20705017
XMR doesn't scale. Just because something has adaptive blocksize doesn't mean it scales. XMR transactions are huge, like 3kb each even after bulletproof reductions. You can't reach global consensus without massively centralizing nodes if XMR demand went up. Pruning is not a solution because then you rely on trusted third parties to sync the chain from.
I'm sure your other coins listed suck too but they aren't unless enough to even try to understand so it doesn't matter

>>20701606
Bitcoin’s value is on its reputation. It’s worth 182 billion, can’t ignore that.

>>20701898
um.. yea... the idea that bitcoin would be one thousand dollars was insane just a few years back. Now you look at you faggots.

>BTC is the only coin that has a mythical beginning.

>BTC is the only coin that has no known creator. Every other project has a head.

>BTC is the very first one who came up with this concept. All others are copy pasta with some added pepper, except for Eth.

>IPv4 vs IPv6. we ran out of IP space like 20 years ago and everyone was going to go to v6 but nope! the network effect was too big. So, we NATed everything instead of re-iping.

>BGP, is still BGP. it's like 40 years old or something. Where is the new BGP? oh yea.. the network effect won't allow for another BGP.

>Where is the new TCP/IP? it' hella old! DUUUUUURRRR

if you don't have bitcoin and aren't trading alts to get more bitcoin, you're a newfag. you will learn soon enough, but it will be too late.

>>20701606
Pic related is bitcoin. It was an important first step, but that alone is not taking us to the moon. It has some value as a collectible and museum piece, but it’s not taking anyone to the stars. We need to make more advanced iterations in order to realize the vision. Bitcoin can still have some value as a novelty like a Jordan rookie card, but the network is done. We will wrap BTC and move it to other networks. In essence, we will take this boomer digital rock, put it in a wheelchair, and wheel it around.

>>20701869
Security of the network:
>more than 60% of hashpower in China under the thumb of a literal authoritarian communist regime who could nationalize at any time (probably already do control it)
>10 mining operations control the network...so much for decentralization
>can’t enter the mining business without tens of millions of dollars and subsidized power
>requires proprietary ASICS to mine, so you either need your own semiconductor R&D department or buy on the secondary market. ASIC manufacturers have no incentive to sell ASICS as they are specialized so they use them first and then sell them after they are less efficient
https://youtu.be/0QtQGzqAIiU
For anyone actually open to seeing how flawed Bitcoin is and how formally verified PoS is the future, watch this video.

>>20701606
You are not going to make it.

>>20705177
they have scaling figured out for the next growth factor. it scales better than bitcoin already.

also Layer 2 for XMR is coming, im trying to say, the base layer scales to a big amount of tps already. Dash did a test in 2019 and hit 3 million transactions on a day. with only 4mb blocks. they plan to move upto 512mb blocks. it is you who is not up to date with how much assets scale.

ETH1.0 scales the least of any that i have mentioned.

>>20705492
based asf
flip alts to get sats that it fags , the goal is always more bitcoin and eth
think about it bitcoin can never be replaced and has that majestic thing about it also every normie on earth know bitcoin.
eth is the servant and cant be ignored , it can be replaced but its hard as fuck
bitcoin is like the internet
eth is like google.

>>20701874
1 Beanie Baby = 1 Beanie Baby

>>20703327
No. The small block size was to kick the can down the road. Block chains have an inherent flaw right now of chain size. Over time, it will get so large that only Google would be able to validate transaction back to the Genesis block. At that point you would be back to having to trust a large entity and no one without massive server farms could validate. If zero knowledge proofs or another tech are not advanced to a larger degree to get around this, all chains would eventually fail the original premise.

>>20705913
I am up to date with tech and I have discovered in 2018 that, in ~ 10 years they will have chemical data storage figured out ( DNA tier ), in other words they will be able to store data in things like sand. the scientist working on this said that they will be able to store the entire contents of the internet in an object the size of a cup of coffee.

Ethereum will flip this shit guaranteed

>>20701606

scammers want you to believe this.

>>20706109
you are brainwashed

>>20705768
XMR does not scale better than btc, if it had the same transaction demand its block chain would literally grow at 10x the rate of btc since its transactions are 10x bigger. You can't just shove more shit on chain and call it scaling. Scaling means more for less, not more for more

>>20701869
Bitcoin's security is garbage. Hashing power doesn't mean shit when all the mining is done by ~10 pools that can afford it. Also, don't forget about the 2 inflation bugs that could've allowed people to print as many bitcoin as they wanted. oopsiesssss

>>20705913
the funniest thing is you don't even need to keep the blockchain. enough if you keep the block headers and the utxo set and the last few blocks.

>>20705913
in fact i have not only a pasta about this but the protocol already has a name "coin prune"

pruning is the future. there is no point keeping junk forever. you can run an archiving node nobody will or can stop you. but the rest of mankind is only interested in the ledger. which represents the actual value in bitcoin.

it is the only one trustless permissionless publicly auditable and secure byzantine fault tolerant distributed ledger that is.

the blockchain is a means to the end many retards see it as something that in itself represents value but it isn't. it's just the worst and least efficient form of database that bitcoin uses to reach byzantine fault tolerant consensus on the ledger.

https://arxiv.org/abs/2004.06911

>>20706185
You don't understand the function of full nodes. Go look at your favorite alt and see if it has 100k nodes validating consensus rules, guaranteed not. This means miners have very little power of they were to attack

>>20706185
do you even know what a pool is? a pool is 10 thousand individual miners or stakeholders in mining companies all of whom can and does change pools when they don't like how the pool operates.

what you are saying is like saying bittorrent is garbage because torrent trackers are centralized and they can take down piratebay any day.

>>20701606
>surely this AMPL shilling will be subtle enough

>>20701771
Cardano does. It's much more decentralized once the shelley hard fork happens, while if the chinese want they can coordinate a 51% attack in the next block, they control the majority of the hash power.

>>20706272
A pool of CPU/GPU miners can never come close to asic efficiency. You burn more power than you make in rewards.

>>20706272
it doesn't matter if there are 1 million miners per pool, there are still only ~10 or so pools confirming transactions and finding blocks. the pools can cut off individuals miners if they want. that is centralization. true decentralization if being able to ramp, as an individual user, you're own personal mining rig and find blocks. you can't do that with ASICS now

>>20706232
Pruning is not the future. If nobody runs archival nodes then nobody can sync without trusting somebody. The real solution of crypto is that you don't have to trust anyone.
The future is different data structures for storage like hash accumulators (utreexo) where people can still validate the chain from genesis block. Without the ability to do that there is no point to a block chain, they are meant to be validated independently

>>20706392
>it doesn't matter if there are 1 million miners per pool, there are still only ~10 or so pools confirming transactions and finding blocks.
don't you get it? a miner can change pool in less than 5 minutes you retarded cuck. i'm talking about miners as miners who mine who own mining hardwer. not the individual "miners" that solve the hash.

>>20706265
nodes don't have the power to secure transactions/find blocks

>>20706395
>If nobody runs archival nodes then nobody can sync without trusting somebody.
that's the point read the paper i have been talking about this for ages.

you simply include the previous deterministically serialized utxo in the blocks and change the consensus algo to enforce it's validity then you can sync up any time trustlessly. it's a bit more work then 30 minutes of coding i give you that but it's not complicated.

>>20706371
Yeah. Ouroboros PoS is formally verified to gain all the security if BTC PoW, but in low cost and efficient PoS. It also excludes economies of scale so that it is actually detrimental to run pools too large so this forces decentralization. As value grows, it forces the number of nodes to grow as well. That’s the opposite of BTC where price rise is correlated with less decentralization.

>>20706456
>previous deterministically serialized utxo
*hash of

pruning is the future the old blocks and transactions are nothing more than garbage.

>>20706412
>i'm talking about miners as miners who mine
what

>>20706477
people who own mining hardware anon. people that join pools to solve the puzzle.
you don't think it's 1 person that owns a mining pool do you?

>>20706395
>The real solution of crypto is that you don't have to trust anyone.
i completely agree btw that is like crypto 101.

>>20706501
let me try and articulate what I think your point is. you're saying individuals miners within a pool can leave if they want, right?

>>20706533
of course they can leave and make new pools and take their hashpower with them. the pools could abuse the trust of miners for all of 5 minutes.

>>20706599
i understand. the ~10 largest btc mining pools though are so large, that a few miners leaving won't have any affect on the pool. and that individual miner will be fucked: they can't mine on their own. that's why they joined a pool in the first place. so miners are stuck joining pools. and pools can censor/remove miners if they want. they have about 10 pools to choose from currently. that is bitcoin's decentralization model right now. that is my point.

>>20706599
have to add the last time i have been a miner was in 2011 and early 2012 lot has changed but not what pools are. tried to mine in f2p later but it was impossible for me at that point to get anything.

More than 60% of hashpower controlled by the Chinese Communist Party. That alone should be a mic drop.

>>20706683
ah you don't get it...

>>20702064
that's a man

>>20706738
explain please what I don't get. I mined too.

>>20704505
ETH, LINK and XMR is all you need. ETH for smart contracts, LINK for connecting them and XMR as currency.
Buttcoin is an obsolete, centralized Ponzi scheme

>>20706738
would you be okay with 3 mining pools controlling all the mining?

>>20706763
you don't get that miners are free to move and what is the consequence of this game theory wise for pool owners. obviously individual miners don't hold any power duh but if 50% of them don't like what is happening they will move their hash to a new pool and a new consensus will be born.

>>20706903
pools don't control mining power over 10 minute timeframes. period. btc hashpower is a lot better distributed than people think and the pools are distributed just fine for the short term next block consensus.

>>20705536
no one went to the moon you utter faggot

>>20701606
thanks for the buy signal.
it's time for bitcoin to fuck your mom in front of the whole family.

>>20706815
Don’t forget PNK. If you think I’m crazy, DYOR.

>>20707146
you're making my point for me man. you need basically a 51% consensus from all miners to leave a pool to start another bigger one. otherwise you have no power, and are subject to that pool. oh and guess what, any changes to bitcoin? the pools get those votes.

>>20705669
>You are not going to make it.
it's not about the hash power. it's about nodes. if they do that, it will be suicide as everyone would block those nodes. UASFfags remember

>>20707282
>this is the state of bitcoin maxis

>>20707302
>you need basically a 51% consensus from all miners to leave a pool to start another bigger on
not really any amount can leave i'm saying so long the majority of the miners are honest the protocol works and pools will simply reorganize if there is a breach of trust and abuse of illusionary power. and this would only be an issue if the major pools acted in bad faith and in a coordinated manner. otherwise you wouldn't even notice. mining power shitfing to a new pool or an other old one from one f them.

>>20707338
>A communist regime who has banned BTC numerous times and is in escalating tensions with the West would never tank BTC to get rid of a major competitor to their Digital Yuan project
Anon, I...

>>20707302
>51% consensus from all miners
btw that is basically what the nakamoto consensus is built upon. if you don't like it time to leave crypto the fuck alone.

>>20707390
they tried with blocking segwit with their pools. head of antminer was against uasf. Nodes got together and told the "hashers" to sit the fuck down as they were getting to uppity. wha part of that do you not understand you utter maggot?

>>20707351

I'm not a bitcoin maxi as my stack is 50% eth, 24% eth, 24% link, 2% shitcoins

earth is flat and no one has been to the moon you utter faggot. deal with it.

>>20707517
>I'm not a bitcoin maxi as my stack is 50% eth, 24% eth, 24% link, 2% shitcoins

I mean 24% BTC and 24% link

>>20701803
>It probably won't see 20K again for a good while

I guarantee it will be above $20K for the entirety of 2021.

>>20702368
1 BTC is always 1/~17millionth of the total supply

Nice bait, OP

what happens when "miners" go against consensus.

>>20701606


Slow?
KE USE THE LN ONCE, THEN SELL ALL YOUR WORTHLESS SHITCOINS

>>20707638
how do you imagine that would be like?
a) they can't because the majority of miners by definition can't go against the nakamoto consensus.
b) if miners went against the financial institutions and the users of bitcoin (ie reorg double spend) they would lose a shitton of money and a new consensus would emerge with a new hashing algo over which the old miners have zero influence.
c) if the majority of miners only censored certain transactions and only reorged blocks containing transactions from blacklisted addresses it would cause a bitcoin civil war and a chain split almost certainly.

>>20706456
Cool, I'll read the paper later. As long as i can validate without trusting anyone then I'm good

>>20706426
Nodes orphan blocks that don't follow consensus rules. Miners would be forking themselves off the network. If you only have a few people running nodes then the miners don't have to make anyone happy. If you have thousands and thousands, then they are incentives to follow the rules so they don't waste their proof of work.
The biggest scam of Roger and Craig is trying to convince people that nodes don't matter. The reason they do that is because they want to completely control the chain through mining. If you have a lot of nodes, 51% attack is pretty minimal effects. If you don't have nodes then they can violate the rules and nobody will notice

>>20708387
indeed and once that is done and proven to work we can start increasing the blocks without adding to global burden to an unreasonable degree.

small blocks is relative. could be 10mb could be 100mb later on but some room must be left for growth eventually.

so best would be to make the max block size self adjusting with a single consensus hard fork. the blocks need to be constrained at all times but unbound over time. because of bitcoins security and economic model. it's not easy because it requires off-chain metrics for a good and proper self adjust algo. but may be a way around that taking notes from monero.

over time means it can keep naturally growing with real adoption but being there for every single block.

one naive way is the block limit is being adjusted to a moving average of block size and miners can only add more transactions into a new block if they defer some of their block reward to an anyone can spend address.

this ensures that in times of congestion when fees go up the miners can include more tx when it's economically worth it and the sma will make the block cap to adjust up to real demand. but nobody can dump stupid big blocks on the network without paying out of the ass for it.

>>20708588

Just put everthing on 2nd layer or 3rd layer banking. Btc tx is akin to fedwire

>>20707282
Yeah, BTC maxis are retards.
>>20707536
You don't even know your own portfolio percentages? You are such a lying faggot btc maxi. Absolute retard on display.

>>20705536
Enjoy your gold etf's

>>20708693
for everyday spending transactions and especially for micro transactions sure.

still gonna need a base layer that scales up to supporting the 2nd layer. and some people like me do want to be able to move their bitcoin on layer 1 at will.

we can have both no reason to be bearish on technology. what makes bitcoin hard to improve is the same thing that makes it hard to corrupt and subvert. consensus is hard.

>>20708762

oh no. I made a typo that i fixed literally 3 seconds later.

pic related is my chart

>>20701606
>he doesn’t know
https://m.youtube.com/watch?v=1oQLOqpP1ZM

>>20708762
he is holding shitcoins he is no maxi

>>20710352
great video. hadn't seen it. thanks anon

>>20710708
>>20710352

except the end. yacking about type x civilizations. Nigger, earth is flat and space is fake and gay. Same faggots who gave you your banking system, also gave you your education system! JESUITS.

the made up the heliocentric model, evolution, big bang, all of it. jesuit catholic bs. snap out of it. i thought you niggas were red pilled?