/biz/ - Business & Finance

you'll be even more dumbstruck when you realize why there were forks made of Bitcoin and who truly controls the Bitcoin narrative right now and that in its current state and who is behind it, is definitely not what the original Bitcoin was about

>>57645495
Chainlink is the opposite of everything bitcoin stands for

There's nothing bitcoin claims to do that a simple gold-backed currency couldn't do as well or better. That's why it has no real future.
>muh anonymous
>muh decentralized
>mug digital payments
All can be accomplished with the dollar. If the Bitcoin supporters are right and fiat currency completely collapses (a reasonable prediction), the world's governments will turn to gold and silver as the obvious solution, not crypto.

>>57645495
and now that its going up its socially acceptable to post this
cya at the bearmarket bottom in 2026

you might be slow to learn, but not ignorant. keep an open mind and you might make it.

>>57645528
Im not worried about the cycles

Each cycle offers new opportunities

>>57645495
Based. I looked at Bitcoin very, very early and thought
>That's retarded. If I mine some now and own 0.00001% (or whatever) of the total supply, that number will only go down
>Why would I waste effort only to get continually diluted
Haunts me, but I deserve the buy in price I got

>>57645523
try paying for your netflix subscription with gold

>>57645541
I would pay for it with digitalized dollars backed by gold (not that I would ever pay for Netflix)

>>57645495
>>57645509
>>57645519
>>57645523
>>57645528
>>57645530
>>57645537
>>57645538
>>57645541
>>57645553

>BTC people
>Smart
Lol...

>slow af
>expensive
>cant scale
>never used anywhere except for scams

They werent smart, they were lucky. If they were smart theyd use something that actually can be used what its designed for like xrp.

Btc early adapters were lucky and if they pretend price would go this high they are lying

>>57645553
>digital fiat backed by promises
Ah, the faggot sucks his own cock. Never seen this argument style in the wild before.

>>57645495
>crypto tard
>reddit spacing
Yeah checks out.
Answer me this: If crypto is actually useful someday, why should people pay to buy yours when anyone can copy the code and just start their own version of Bitcoin? You can't copy gold because it's a physical metal, but you can copy the software that Bitcoin runs on. Memecoins are literally the tulips of our era, attractive only to midwits. Retards are turned off by the idea instinctively, and actually intelligent people realize it's just a giant ponzi scheme.

>>57645586
A Gold Dollar would be backed by the promise that someone, somewhere, will be able and willing to exchange your dollar for gold. Bitcoin is backed by the promise that people are going to continue giving a shit about bitcoin indefinitely.
The first sounds more reliable to me.

Anon look into haircomb. What many suspected to be impossible is now real

I think I saw my first video on the fed/petrodollar/Rothschilds conspiracy around 2009-2011. The jewish conspiracy is a banking conspiracy at it’s core, the narrative of global jewish control grids doesn’t work unless you fundamentally accept the belief that central banks were created and instituted for the sole purpose of enriching and empowering jewish bloodlines starting with the rothschilds. I think a lot of modern /pol/acks forget this, it’s taken as a fairly self evident fact and you see it bleed over into other theories of theirs (funding of nazi’s with banking money, modern wars to install central banks, ect)

Essentially, the idea of manipulative shadowy leaders lends itself easily supporting bitcoins use case, but if such entity’s exist certainly there are ulterior motives for coalescing and advertising the connected ideas of banking conspiracy, nazism, and digital currency into large swathes of the public internet consciousness.

>>57645495
I remember looking at news about bitcoin going from cents to 1k and thinking
>damn that sucks I missed that
Then I would only get into crypto in like 2021 after I bought a high end video card and found out I could make money mining ETH with it kek

>>57645620
honey badger chad who has a giant chad cock does not know what a haircomb is as his hair has been slicked back perfectly for as long as he is old and that is exactly the reason why the bitches come running to honey badger chad even the 4s 5s and the 6s honey badger erc attracts everyone except bald losers with receding hairlines who use haircombs which is a stupid hair style and if you use a hair comb you have a micropenis which is something honey badger chad has never had to deal with as he has a huge dong

>>57645495
Some got in from luck. Some from vision. It is silly and pretentious to assume EVERYONE in your club is a genius. You are surrounded by many yes, but most likely even more morons. Be humble.

>>57645495
I'd say it's 50/50, there are a lot of retards that bought it without knowing anything although a lot of those sold theirs for a pizza and what not.

>>57645495
>The more I learn about Bitcoin and fiat currencies the more I realize early Bitcoin adopters weren't lucky, they're just incredibly smart and forward thinking.
The sad thing is there are people who are still not able to think forward and will continue making the same mistakes

>>57645665
Idk
Bitcoin got that popular BECAUSE it was useful, people bought pizzas, drugs, steam games, etc.
Now with ordinals and more people in general using the network, fees have gotten too high for regular purchases
What's left today is a number go up mentality, where BTC is only valuable/useful so long as that keeps happening.

>>57645509
Kys craigcuck, you lost

>>57645584
>if they were smart they’d buy dogshit crypto like XRP!

lmao

>>57645495
me and my father bought back in 2016 because we instantly new it will become some kind of digitalized precious metal after reading like 20 minutes of information on mining, limited supply, halvening, cycles and decentralization on general
nothing crazy to understand really, we bought and knew we have to hold
did never gamble with the first buy, just stood through all changes and waited

I gave up telling my neighbors about Bitcoin in August 2015. I was running a large block bitcoin node and it was DDoS attacked by small blockers. The attack was so massive it killed my ISP’s internet connectivity and took out the long distance and emergency 911 telephone service for a couple of hours. I was in touch with my ISP tech support and knew that my node was the cause. After the local bartender complained about her Netflix being off line I decided that bitcoin was a bit of a war zone and it might be better to lay low. I was interviewed by a reporter for the New York Times and Public Radio kek.

>>57645523
>All can be accomplished with the dollar
I have sent millions of dollars across country lines illegally. Not because of taxes, but because you legally cannot send more than $100,000 USD worth of money out of South Korea in a single year. Bitcoin lets me do that instantly. (The tax evasion is just a bonus)

>>57645790
Sure, and it's not even just SK. Thats a need that exists globally, and many in many places people send much smaller amounts. If fees go up to $50 again, that makes bitcoin much less useful.

>>57645710
Was not so lucky. Tried to convince my dad to buy BTC since 2014 (I was a 13yo /b/tard) but my dad is a precious metal fag and invested in silver instead. Gave me some shitty 20€ silver coin once and told me that when I'm grown up it will be worth a bunch of money. It's still 20€ kek

>>57645523
>gold-backed currency
the dollar WAS a gold-backed currency
until it suddenly wasn't.

>>57645882
this. the fiat mind keeps coping with getting rugged all day every day.

>>57646030
>getting rugged all day every day.
The dollar has many problems, but it has literally never crashed as hard as BTC REGULARLY does. If the dollar lost 40-50% of its value overnight, the world economy would collapse. With BTC, it's just another Tuesday.

>>57645689
not quite but I'm very much a proponent for BCH, the true Bitcoin

>>57645495
I didn't know about fiat or Austrian Econ. I watched Napster fall to The Man but BitTorrent survived, in Bitcoin I saw the same defensible network. Without Austrian knowledge the set amount wasn't an obvious important feature, but I understood the scarcity by equating bitcoin to IPv4 addresses.

They aren't making any more of them.

>>57645495
I ended up making a few hundred thousand from BTC because I saw the similarity to runescape rares/party hats with the preprogrammed scarcity and limited supply. That game actually imprinted some useful wisdom onto my young brain about how to avoid scams and how inflation affects markets
>>57645584
Lmao. You're ngmi. Ever.

>>57646289
>what a dumbass who on earth would expect a game based on fantasy and make believe to apply to real life you absolute smooth brained ape i should know because my smooth brain is larger than yours and when you look at it you can see every inch of it unlike all these other idiots who are worried about these scammy fiat currencies with fake scarcity like bitcoin when they should be investing in honey badger tokens which literally has no cap except i have this giant honey badger shaped dick and it has to fit inside somewhere so how could it go to zero

>>57646289
Fuck, I played a lot of RS too.

>>57645495
I learned about Bitcoin in 2011/2012 and I thought it was just something people used to buy drugs online. Fast forward 5 years and that shit that was worth 3 dollars was now worth 20k.

I mined BTC before there were pools. Back then the miner was built into the wallet and the block reward was 50 BTC. I hit quite a few blocks. I gave a bunch away in /b/ as a joke. Gambled a bunch on BTC websites that were like "guess which number i'm thinking of". Then BTC shot up to $300 and I was flabbergasted. I sold 10% of my stack on btc-e, then got this bright idea to password protect my wallet.
Those 400 btc I sold were the last time I was able to move my coins. I still can't remember the password and I don't trust anyone else trying to crack it without scamming me. Maybe someday I'll get lucky and I'll remember it.

>>57645495
Shut the fuck up retard no one cares

>>57646332
There's no no. of tries protection on the password field is there? Can you write a cracker script to brute force combinations? Maybe start by brain dumping every password you've ever used into a text file, pick those up one at a time. Example
>Word 0 in wordlist "cheese"
>Cracker adds 1 char to the string and iterates over that
>cheese0
>cheese1
>...
>cheese?
>Then adds 1 more char and tries again
>cheese00
>cheese01
then when you've added a user defined number of chars and brute forced them all, move to the next word.
>I don't know how
Neither do I, but I would sure as hell learn for 400 BTC

>>57646740
There's a program which does this called John the ripper. Never used it myself but it shouldn't be too hard to figure out.

>>57645495
They were smart. It's the ones who didn't lose the wallets their Bitcoin's were on, forget their keys, lose everything in an exchange collapse, or get scammed over all those years who were the lucky ones.

>>57645495
All of this, except its about Chainlink and chainlink holders instead

I have 50$ bills for sale! 100$ each. They’ll be worth millions!! Trust me!!

The Bitcoin Standard: The Decentralized Alternative to Central Banking

https://saifedean.com/tbs

>>57645523
I REALLY WONDER WHY HUMANITY MOVED OFF FROM A GOLD BACKED CURRENCY
shiny rock stackers are especially stupid, sub 100 iq
have fun with your physical inflationary rock

>>57646068
you do realize they print a trillion of it every month now, right?

>>57645495
to all other biz peeps.

when you see threads like this the bull run is close...


been here since 2015...

low 7 figs anon who might finally make it this bull run

>>57645523
>All can be accomplished with the dollar
How? Why nobody has accomplished it yet?

>>57646068
Watch the USDBTC graph and you will see the USD is like -99.7% on the long term

>>57646192
Ah.. a Vercuck then.
It's almost not as bad, if you gloss over BCH fellating Craig Wright until he decided he needed full control of his own scam coin.

Big blockers lost the moment they gave up and forked.

Now they're basically as bad as Ethereum Classic, wrapping themselves in their own sense of correctness, yet completely lacking critical mass.

I say that, but I still haven't sold my BCH from the 2017 fork, so count me in with you losers.