/biz/ - Business & Finance

>>23286824
btc becomes more scarce (plus halvening hype cycles) = price moons, mining becomes profitable again

>>23286824
Talk to any store owner over the past century

>Just because something is rare doesn't mean its worth a lot

>>23286824
Miners switch to Monero.

They’ll get txn fees

>>23286846
cope
>>23286824
at the worst the hashrate would drop

>>23286824
Too many variables to know exactly. If the fees become astronomically high then the whole thing shits the bed. If they address that issue properly then it'll probably just continue to go up.

>>23286824
Nothing.
Difficulty will drop as # power drops.

>>23286923
This unironically

>>23287046
That's assuming there is demand still

being difficult or easy to mine doesn't always indicate demand

>>23286957
>If they address that issue properly
bitcoin doesnt have a team of devs lmao

Do you guys mine? I have a rig but would now be a good time to drop $10k into building more rigs? I could make about $20 per day off Ethereum currently. Might as well get in before Eth 2.0 in a couple years, right?

>>23286923
so then miners will start tanking the price with their constant selling

>>23287113
>bitcoin doesnt have a team of devs lmao
True. And it's supported by retards that think it can somehow absorb all the utility of other "shitcoins" while it can't even do what it was originally intended to do.

>>23287046
Current mining farms need governemnt subsidies to keep going.
China has over half of all mining pools, thats because the government gives them almost free electricity.
BTC is a shitshow, the thing will pop one day. you bettr take profit before it does.

then we switch to another coin.
it's high time everybody realizes bitcoin is just a ponzi scheme serving few just to make real money

>>23287113

What is Blockstream?

>>23287358
>What is Blockstream?
A for profit group trying to sell people on their patented blockchains?

all cryptos are garbage and deep down you know it you just can't cope with the idea that government will seize the market with their own digital curency and all normies will fucking love it turning crypto in an even smaller niche market

>>23286824
Sell fake abo art on Etsy while larping as a petrol huffing centre of the road sleeping kangaroo eater.

>>23287879

>>23286824
nufags need to be spoonfed, what has this board become
>fees will compensate for sinking block rewards
>small transactions will be dirt cheapnon a second layer solution

>>23286846
jup bitcoin just goes up forever
COPE harder faggot