/biz/ - Business & Finance

NOOOOO IT'S DINOSAUR TECHNOLOGY IT DOESN'T SCAAAAAAALE NOOOOOOOOO

>>23125736
no idea what that means

number go up

>>23125736
Tldr; Upgrading miners doesn’t mean shit

Shitcoin gambling degens will be humbled soon but it will be too late because they won't even be able to afford 1 bitcoin soon.

>>23125828
This, unironically
https://m.youtube.com/watch?v=1oQLOqpP1ZM

waste of power. bitcoin has an especially bad design because it's both a POW coin and very amenable to ASIC mining. china will control a majority of the mining capacity soon. i honestly think it's a ploy to take control over third-world countries where it could be a de-facto standard currency.

>>23125918
in it for the tech, are ya?

>>23125918
Interesting theory, so this is how China will use soft-power to dominate the 21st century, become king of all shitcoins and have countries with crappy currencies relying on Bitcoin to serve their interests?

and they basically have to do this otherwise bitcoin will not be able to cope with the next bullrun.

>>23125795
kek

what happened to the fags calling miner capitulation in march?

>>23125828
Lol Bitcoin popping off will render even more power to DeFi

>>23125951
they'd have to switch to BCH or another fork. probably BCH just to cope with the sheer volume. they could do this at any time since most ASICS are designed for both.

>>23125821
kek

>>23125736

So if 100 Mhash/sec ~= 1 TFLOPS on non specialized hardware, that's 1.7 fucking yottaflops.That's 100,000x more raw operations per second that the fastest supercomputer in the world. All for a bunch of dogshit.

>>23126090
The same thing that happened to the fags calling miner capitulation in 2012 & 2016

This 2016 thread is full of muh mining capitulation shills.

>>/biz/thread/S1214767#p1217467

>>23126150
if they control the majority of the hash power they can just hardfork to increase the blocksize instead of switching to the retarded cousin

>>23126233

why would they bother? that would be harder than switching over to BCH.

>>23125736
Who's the queen?

>>23126256
You baby

>>23126256
it literally wouldn't, with BCH they'd lose all the mining they did since the fork, and inherit its problems, if they hardfork BTC they'd lock out the other miners who don't want to follow but it'll still be BTC because it's still the highest hashrate fork

>>23126256
I don't think people ever read into Jihan's statements deeply in 2016. He said something to the effect of Bitcoin is Bitcoin and BCH is Cash. I think the intent was never to take over Bitcoin but have BTC act as a settlement layer/digital gold while Cash is literally that, digital cash meant for fast and small purchases.

>>23126310
>it literally wouldn't, with BCH they'd lose all the mining they did since the fork

lol, so what? if they really wanted they could buy up BCH before they make the switch.

>>23125951
Sounds plausible, but if BTC price is dictated by Chinese manipulation, I'm out.

>>23126286
Vitalik's shitcoin obviously

>>23126338
Here was his statement
"America is not England. America is America. Bitcoin Cash is not Bitcoin. Bitcoin Cash is Bitcoin Cash."

>>23126338

just don't be surprised when they drop btc like a hot potato. there can be only one

>>23126371
Agreed....stiff.

>>23125736
Incoming priced out newfags crying about muh TPS after losing 80% of their stack on scam shitcoins

they could gradually move from wash-trading btc to bch. many places that take btc will also take bch. it would not be hard in the least to encourage this switch. a hard fork would be tough though.

>>23125736
BSV has more hashrate

>>23126406
How do you get priced out of something that you can buy fractional shares of?

>>23125736
If anything this is the proof BTC is dying. The hash rate is increased but BTC still struggles to do anything. Higher effort but lower rewards is not a good sign.

>>23125795
You can put wojack faces next to facts all you want but those facts remain facts. Still I know this ultimate shitcoin won't die since speculation isn't entirely tied to usefulness. Otherwise people wouldn't hoard shiny yellow rocks in the first place.

>>23126504
>Otherwise people wouldn't hoard shiny yellow rocks in the first place.

bitcoin isn't shiny or heavy. it's just a number in an account, like every other crypto

>>23125884
Nice video

>>23126090
>>23126205
kek

>>23125736
king shitcoin, yeah.

just look into Bonded.Finance, anon.