/biz/ - Business & Finance

>>26068954
If bitcoin has no use case, neither does western union. And bitcoin does what western union does better, faster, and safer

>>26068954
It's way more like people will develop ways to make bitcoin easier to use than it is likely a non-famous alternative will be adopted.
Altcoiners don't understand functionality is in service of notoriety and not the other way around basically. These are all networks and the single most important factor for valuation of a given network is simply the number of users.
Note the major banks like JP Morgan Chase are putting their money in bitcoin, not the secondary cryptocurrencies that rode in on bitcoin'a coattails.

>>26069106
Yeah, so safe to store your money in a manipulated clusterfuck a regulation away from getting exchanges closed and thus liquidity dried. Fantastic.

>>26068954
>no usecase
>could send $100mil somewhere for a $5 fee
show me any bank that can or will do that without giving you immense difficulty (for a frame of reference, I was hassled trying to send $10k to someone last year through my bank)

Also you say it "cant do what it was made for" as if it was made for buying packs of gum or stuff off the mcdonalds dollar menu. Hint: it wasn't. The fact that there still exists an open, decentralized, public ledger of all transactions shows that its doing exactly what it was made for. Nobody has ever said its a store of value. Its an immutable ledger that makes value transfer frictionless. But, its funny that you mention that, because bitcoin has ended up being a profitable buy almost every day of its existence.

>>26068954
Anton Cumiya?

>>26069106
Western Union has lower fees and higher liquidity
>safer
No way to rever transactions at all

>>26069106
>If bitcoin has no use case, neither does western union
Except people use western union. It's more reliable and less barrier to entry. It's also insured and you don't have to worry about failed TXs or 51% attacks.

>>26069173
>It's way more like people will develop ways to make bitcoin easier to use than it is likely a non-famous alternative will be adopted.
When has this ever happened in the history of new tech? When has the first ever been the best? Altavista? Shareyourworld? Beenz? In what universe is it more likely because it's sure not this one.

BTC is supposed to overtake the antiquated money systems of the day, but it has become antiquated itself. Clinging to it at this point is contradictory to your own ethos.

>>26069295
I can do this with XRP or XLM for less than 1 cent.

>>26069106
You can't possibly be this stupid. You're drowning in Kool aid

>>26068954
BTC maxis are just as delusional as the fiat-lovers they claim to hate.

>>26069407
Bitcoin isn't a company. It's an invention.

>>26069513
That's not a counter-argument. It's an irrelevant statement.

>>26068954
Eat shit pal

>>26069540
Wrong. Early companies not dominating their industry isn't the same as an invention getting replaced by a shallow replica of that same invention. You're confusing two different ideas.

>>26069634
So you're implying that every other protocol, blockchain or crypto that isn't BTC is a shallow replica? If that is your position then you're not only ignorant, but proud of it.

>>26068954
Bitcoin was the once in a lifetime technological breakthrough for our historical era. If it gets replaced it'll be by some completely different idea much further into the future like the internet vs. thr printing press, not by stupid "hey look we're a coin too" nonsense.
Buy-in is more important than implementation details. The latter can be adjusted as needed. You can't really fix lack ot buy-in though since there is only one bitcoin everyone is familiar with. Outside of /biz/ or crypto twitter circles nobody knows or cares what the fuck ether or chainlink are.

>>26069875
>Bitcoin was the once in a lifetime technological breakthrough for our historical era.
>there are already alternatives that do the same thing, but better

>>26069758
He's not wrong. Even if you found some new metal that had similar properties to what made gold valuable plus even better properties of its own that wouldn't mean suddenly all the government banks around the world would sell off their gold reserves and buy the new metal. The attractive properties of gold are incidental to its use as sound money, not the basis for it. Extra merit doesn't overturn standards since it's the universal recognition that gives it its power.

>>26070014
>better
Then why does the market think Bitcoin is worth more?

>>26070108
He's 100% wrong, and your elaboration proves it.
No one has adopted BTC. There is nothing about it that makes it attractive, or it would have been adopted by now. We're STILL speculating over its use 10 years later. It has failed every test so far.
The world is dying for a new asset, a new system. BTC is there, it's established and setup. Why aren't we using it? Because it fucking sucks. It's purely a speculative asset. Theres no roadmap to adoption, there's no champions of adoption for it.

>>26070182
>muh worth
Look up what a 'speculative asset' is

>>26069295
>could send $100mil somewhere for a $5 fee
Could do literally the same shit and a lot more with ETH.

>>26070253
>no one has adopted BTC
>ignore 1trillion market cap which BTC holds 70% of
At least make your bait convincing. We’ve been dealing with the same dismantled arguments for a DECADE. Each one refuted, each one still brought out like it’s a total knockdown.

>>26070385
>muh market cap
Again.
Look up what a "speculative asset" is. You're not observing adoption, you're observing speculation.

>>26070253
So you're essentially saying your altcoins aren't valuable but that this is because most everyone except you is valuing it wrong.
Sounds like a good argument to not buy altcoins.

>>26070453
No, I'm arguing that people are endlessly speculating over BTC and ignoring the altcoins that are actually being adopted. So when these systems are turned on and utilized, BTC guys are going to be left in the dust as their 'investment' suddenly crumbles.

>>26068954
Shitcoiners are always so desperate for all the capital in BTC. Cant get normies to invest in their shitcoins in high enough numbers so they have to fud the #1 coin just so people can diversify btc into their coin that will dump as soon as this cycle ends with no recovery.

I don't need your shitcoin, I've already made it off BTC and it's still the lowest risk pick. I hope your coin pumps because that money is eventually coming back to BTC one day.

>>26069875
Actually wrong. The first thing a noob does is look at coinmarketcap, figure out Bitcoin is too pumped to get rich from it, then start looking at alternatives that to their perception aren't as pumped, which is why ETH and LINK are good buys.

In any case, cryptotards are downplaying the importance of Tether and the fact that regulations can crush coins (see XRP).