/biz/ - Business & Finance

>>28162727
Something actually well thought out on here for once. I'm proud of you. You've done well. And I agree. Btw BTC 100k+ EOY.

Have an apple.

So long as billions of humans keep producing value the world is going to want to store some of that value somewhere. The most convenient way to do this is through Bitcoin. It is still in the early stages now. A single Bitcoin will be worth 8 figures of USD currency by the mid 2030s. By the 2050s a single coin will be worth an untold insane amount.

The only thing that can stop this absorbtion of value is WW3 and human civilisation being completely eradicated.

The good news is that we’re all still early to the party, even at <$100,000/coin.

>>28162727
thanks for this perspective anon, you've helped at least one noob

>>28163018
What's the time delay on transmissions from Mars? Might be tough to operate nodes up there.

>>28163018
what happens if a better crypto emerges? does bitcoin's history make it such a strong asset?

>>28163193
There arguably are better cryptos but the market isn't perfectly rational, is it? Also the alts aren't as proven.

>>28163193
Nano

>>28163193
Yes. Better crypto currencies do exist for different use cases. Bitcoin is the best at what it does and that is why it has been naturally elected to its current stature by the -this time actually- free market

>>28162727
This is why Dogecoin is the true future.

>The two thesis are completely incompatible for obvious reasons, and the latter is damaging the validity of the -non-manic, reasonable version of the- former.

Of course, Satoshi may have called it a "peer-to-peer electronic cash system". But he knew what it really was, it was a way to store your wealth for the impending economic collapse. Which is most definitely coming. Bitcoin will never be the world payment system, and it never was intended to be. Something will come along that will ensure that things keep chugging along. But like Gold, it was too hard to use as a currency and so banknotes were created as that medium of exchange. The same will occur for Bitcoin as it's quite literally Gold of the digital age. While it will not even be used as your everyday currency, it will *eventually* become the currency that everything is tied to. Just as gold was before the end of the gold standard. Bitcoin will be much more mature and less volatile by that stage however.

>>28162727
it's only stuck in this cope narrative because maxis didnt want to increase the block size. bitcoin could easily serve all the world's transactions with one little knob changed. instead you have to come up with all this L2 cope, SoV cope. let's face it the only reason this boomer chain is still active is price. if it came out today it would be below #1000.

>>28163501
circular reasoning
>bitcoin number go up because it grows my wealth
can't wait for the inevitable flippening

>>28163591
>bitcoin could easily serve all the world's transactions with one little knob changed.
Hi Gavin, yes it could. But the issue is it would make Bitcoin much more centralized than it is now. Totally defeating the purpose of why it was created in the first place.

>>28163591
0xBitcoin is perfect.
>>28162727
Look into 0xBitcoin.

>>28163767
You have some combination of poor reading comprehension/a lack of understanding of Bitcoin. It also seems as if you haven't read over the whitepaper, which I do recommend if this is indeed the case.

I wonder how much bitcoin as been acquired with counterfeit fiat money

DR;NS

>>28163782
a single ASIC miner (minimum requirement to enforce consensus rules) costs $3k and is virtually impossible to obtain. compare that to the price of SSDs for fullnodes.
bitcoin's proof of work is dogshit for decentralization. if you want to do decentralization right, use a PoW like randomx that can't be ASICed by gooks.

every design decision in bitcoin is the wrong one. you can't use on-chain spv wallets anymore, cuz maxipads got mad. you are forced to overpay one company Bitmain if you want to mine, cuz maxipads too lazy to hard fork a new PoW. you are forced to dream up some magical thinking rationale for bitcoin's use case without being used for (literally the only thing it's capable of doing on chain) making transactions.

maxis literally think the biggest digital currency of the future will be the one that's least able to be used.
>ok cool bro let's just use fiat for everything then. the digital money isn't actually ready to be money.
>yeah I know it's software and software can be improved immediately but ya know it's not meant to be improved for some reason

>>28164657
Yeah, good, that's literally what my post says you gorilla retard

>>28162727
> This is not feasible with Bitcoin.
i thought you just said that was the whole point of BTC

>>28165066
holy fucking based brb selling all my btc

>>28165286
You need to re-read the post.
I am never going to write out anything meaningful here ever again. It is like reading poetry to the special ed class

>>28165403
maybe you're just an idiot with poor communication skills. isn't that a symptom of autism? do you have this problem of being misunderstood a lot? maybe you should see someone.

>>28165403
>>28163909
know your place late adopter zoomie
I've lost more bitcoins than you will ever have. keep "stacking sats" tho I'm sure you'll make it and bitcoin will never be flippened by superior tech.

>>28162727
I'm not sure what point you're trying to make exactly. Bitcoin will succeed wildly as a SoV, we're already starting to see corporations putting it on their balance sheet for exactly that purpose.

The MoE will follow not out of a passionate desire to use bitcoin, but rather out of necessity. Hyperbitcoinization will render dollars as a poor unit of account, and people will need a stable measuring stick. Second layer solutions will appear, again not out of bitcoin activism but necessity, since on-chain transactions will be too expensive for most people. Supply and demand will draw the line between where people use on-chain vs off-chain. The network will grow organically and these problems will be solved as they arise.

One thing that has turned me off from btc were the twitter shills . However now I'm starting to believe them. I can probably put down some money for btc not still can't afford a whole one lol sighhhh