/biz/ - Business & Finance

Hijacking

This thread is now about how we rename buttcoin to normiecoin.
>dat filename

There has been a massive influx of normie fags this past few months, few know big time traders measure there profits in BTC for a real fucking reason

>>5940922
>If you do not own BTC, LTC, ETH, or LINK you will not make it long term.
>BTC, LTC, ETH, or LINK
>LTC

>>5941177
please Pajeet, tell me which shitcoin I should invest in instead!

>>5940922
Everyone talks about how slow BTC is but I don't think they realize how much lightning network, channel factories, Schnorr signatures, will improve the transaction times/costs. There are lots of rich autists working on improving BTC scaling 24/7 and people really underestimate that.

this is why 98.7% of assets are holding bitcoin
the rest is fun money to ride the ups and downs

>>5940922
>implying it's acceptable to pay more and wait longer than needed to move money based on name recognition alone
>implying there are no viable alternatives to BTC for moving large sums of money quickly and cheaply
>implying BTC isn't going to collapse this year as more advanced platforms gain traction and its lack of scalability becomes a business-critical problem

>>5940922
also name one other coin that has a fucking satellite

>>5941458
first >
its not. this is why solutions are being worked on by very smart and wealthy people to resolve this.
second >
there are, but you must choose either fast and expensive (% relative to amount moved) or slow and not as expensive, where as with BTC you can choose slow and cheap (orders of magnitude less %).
third >
if youre business planning time horizon relies on BTC to function in some meaningful way in 2018 that is not readily available otherwise then you business was doomed to fail despite BTC (because the business owner is fucking retarded)

>>5941572
yes there are many cool tidbits about BTC I failed to mention like this. pretty badass desu.

>>5941227
>Pajeet
Close, but not quite...

>>5940922
>LINK

>>5940922
>If you do not own BTC, LTC, ETH, or LINK you will not make it long term.
>LINK
>L
>I
>N
>K

>>5941780
>you must choose either fast and expensive (% relative to amount moved) or slow and not as expensive
Or, you know, you could choose fast and cheap.

>>5942157
>>5942191
the only other things close to LINK are pie in the sky delusional projects like IOTA

so you tell me

>>5940922
>LINK

8/10 nice try

>>5940922
You’re delusional if you don’t think that REQ could replace LTC for commerce. And you’re also neglecting niche uses of coins and tokens like in the case of FUN, XMR, XLM, ENG, and many others.

>>5940922
>Bitcoin will 5x within 2 years
Uhhh.. Cool...
Let me just check my delta........
>Each coin has 5x in the last month
Oooh ahah hah ehehehe ehhehehee lololh ahahaha ahdfkfas

>>5942244
you can do that now with coins that are not accepted at most meaningful places of commerce, or with cash, or with digital cash like paypal.

you cannot do that currently with bitcoin.

in the future we can, and it wont be a choice, it will be the default experience. (meaningful segwit implementation, LN, etc)

>>5941291
Lightning network is vaporware. Thats why most of the old school bitcoiners are in BCH

>>5941458
Already happening. BTC is basically dead in ecommerce.

>>5942418
what are the absolute returns? did you put in any real amount of money for those 20x, 100x, 5000x shitcoin returns? or were they perhaps 100 dollar lottery tickets you forget you even had that will amount to a month's worth of living expenses at best? you missed the fact that you will not invest 1million into a random shitcoin with conviction, but would feel more at ease doing so with something like BTC or ETH.

>>5942456
What happens when the big blocks get full?

>>5941149
>big time traders measure there profits in BTC for a real fucking reason

And that reason is because most exchanges only have a BTC market.

What about when people en-masse start using decentralized exchanges built on Ethereum? Probably not so great for BTC at that point.

>>5942510
BCH doesnt reject layer 2 solutions. They just chose to not be an unusable shitcoin in the meantime. Ligning isnt coming before 2019 by the way.

t. actual coder who knows LN is an overly complex shitshow

>>5942535
>most exchanges only have a BTC market.

i wonder why

>>5942456
this is not true

old school bitcoiners are split and both sides have good points

>>5942501
yea im a fuckin millionaire bro thats why i spend all my time on /biz/ like you

>>5942501
I'd feel more at ease going all-in on a moon mission and waiting a couple weeks to 5x my money than waiting forever watching Bitcoin oscillate downwards.

>>5942510
then we fork to bitcoin cash part 2 the electric boogaloo duh

>>5942614
Because they are shady shit exchanges that dont want to deal with regulation on having fiat pairs for 200+ scamcoins.

>>5940922
1. People do care if its slow. I love moving 20Gs and its being dust in the wind for a day or two. This is the fucking forefront of technology were talking about here, the evolution of money. I can move
2. Who the fuck doesnt care about high fees. If there are 40 shitcoins from india that move my money faster for less you should be very fucking worried.
3. When is the last time you paid with something in BTC, who was the last major commerce hub that started accepting it.

SELL ME THIS FUCKING COIN. Seriously, besides it being the first...people are entering the crypto space so quickly right now and learning about everything else. Sell me this coin, what is it good at.

>>5942456
Hi Roger

>>5942650
I have $150k in a shitcoin that went 10x, but I can't cash back into BTC without crashing the whole thing.

>>5942671
Just use the real bitcoin, anon.

>>5942671
The beauty of this space is nobody needs to sell you shit, BTC is going to remain king for the foreseeable future regardless of your ignorance/low quality bait

>>5942671

It is good at tricking people into believing it is good. also 260bn market cap so plenty of room for huge gains!!!111!!!1

>>5942599
Lightning is coming out this year, and they are already successfully running test transactions so it's clearly not vaporware. Any retard can be a coder(who even calls themselves "coders" lmfao) so those are meaningless credentials

>>5942671
its the only coin on the market that isn't controlled

nuff said

>>5942626
You must know newcoiner.

t. in since 2012

>>5942754
They haven't even solved routing on the Lightning "network".
You can send back and forth btc in a channel with the party you created the channel with but actually routing that transaction to a third party multiple hops removed from you is not solved.

>>5942775
grow up man

people get into bitcoin for different reasons

people like you and roger ver got into bitcoin to make fast cheap payments. and thats fine

other people got into bitcoin for decentralized money.

>>5940922
It sucks, I stopped owning ETH because I don't like ruskis but then I poured a lot into LINK and feel like a hypocrit. Maybe I will buy a small amount.

>Limited nuclear war breaks out in Southeast Asia
>EMP strikes knock out power and fry networks for hundreds if not thousands of miles from the target areas
>Exchanges go down as Internet is lost and hardware is cooked from extremely high amounts of microwave radiation that even a piss-ant sized bomb can deliver
>Billions of dollars in cryptos are lost, never to be recovered

>>5942671
THIS COIN IS EVERYTHING YOUR MOTHER WISHED YOU WERE

>>5942909
>nuclear war breaks out
>still worried about Crypto

So this is the power of Capitalism?

>>5942909
I'll take "Failure To Grasp Simple Abstract Concepts" for 1000, Alex

>>5942671
Here's my pitch: first mover advantage for a thing that appreciates greatly in value vs fiat compared to literally all other investment vehicles maybe besides criminal enterprise, and lottery.

What are people learning about? That 99% of tokens are app platform tokens, or sub tokens there of? That most developers are trying to get rich by developing the tool that other developers use to make useful things (which no one is). That 99% ERC20 tokens and their counterparts on other platforms are clearly get-rich scams, profiting the "inventors" most, and following a greater fool theory down into oblivion? That these projects all have beyond out of control scope that cannot be surmounted by mortal hands within any reasonable time frame?

They're learning nothing.

>>5942894
>the absolute state of corecucks
If Lightning ends up working perfectly - which is a big if - only banks and megacorps will be able to run proper nodes, brainlet.

Wanna run a major Lightning node that has channels with 1000 users that put in 0.5 BTC on average? That would be 500BTC please. Oh and comply with your countries KYC regulation please.

>>5943072
As usual no rebuttal from corecucks.

>mfw in 2 months when BTC hits 5k

>>5943244
dude bcash is only marginally better for payments than btc and it is way more centralized

it's one of the shittiest altcoins on the market

if you would open your eyes you could be getting in on these sick altcoin gains instead of shilling of shitty coin like bcash while roger cums on your face

sorry you forgot to add 5. XRB instant, free, scalable. Ppl won't pay for $30 transaction fees when they know XRB offers $0 fees

>>5942599
You are fucking retarded.
t.actual coder and consultant with a computer science PhD

>>5942456
You can’t call it vapourware when it’s an actual working product now.

>>5942663
liquid.io doesn't seem to have a problem hosting a gazillion fiat pairs.

>>5943459
As expected no rebuttal in this post. You cant claim decentralization as your talking point while supporting LN which nodes can only be run by banks in practice.
You repeated HURR CENTRALIZED which is of course not true since BCH can and will call on all the sha256 miners out there (all of Bcores miners). And centralization due to blocksize wont happen for years until which point actual, non banker, layer 2 solutions can and will be implemented while stying 100% functional until that point.

>it's one of the shittiest altcoins on the market
By saying this you directly rape your earlier post since bch is the same as bitcoin except with working transactions. BitcoinCore is the shittiest coin in the market.
Alts cant take its place yet as actual ecommerce needs a coin that is battle tested for 9 years. At some point an alt will take over but for now it will be actual bitcoin.

Dude Im not even trying to convince you I've been in this since 2012 and already a multi millionaire. Its just cringy seeing newbies cling to the fake segwit bitcoin for price alone.
Core literally can't win this, Im sorry you bought after the fork.

>>5943767
They haven't even solved routing on the Lightning "network".
You can send back and forth btc in a channel with the party you created the channel with but actually routing that transaction to a third party multiple hops removed from you is not solved.

>>5942775
Hi Roger

>>5943950
lol wtf are you talking about

bitcoin is literally the only decentralized coin on the market. that makes it the best in my book

i exited my free bcash at 0.2. if it goes higher than that i dont really care because i already made way more profit from other alts than i would have by holding bcash

>>5944108
Roger got in in 2011.

>>5942329
Pie in the the sky. So tell me.... Why would the United Nations and the world economic forum be interested in IOTA? Hmm stay poor faggerito

going to burn through 17k

>>5944118
>bitcoin is literally the only decentralized coin on the market
>Controlled entirely by one dev team under Blockstreams whip
>Core directly engaging in massive censorship on all big forums
>developing lighting "network" while ruling out 100% of all other scaling options
>LN nodes can only be run by banks and megacorps in practice
Whew, much decentralization

>>5943747
Phd in math here
Make 300k any job I want

>>5944308

>blockstream fud

debunked so many times lol zzzzz

>>5944132
hes sold all his bitcoin by now, thats why he's been pumping alts so badly and trying to cause so much trouble for bitcoin. he's never shown any proof of his bitcoin holdings for the past couple of years now.

>>5942909
So maybe I'll be able to mine btc on my 480. Sweet

if you think it'll go up forever then it'll never become a currency therefore ur original point is null u useless faggot

>>5942244

good, fast, cheap.

>pick 2.

>>5944383
>lowly cuckold thinks hes entitled to proof of based vers holdings

>>5944384
lmao nice arguments normie

>>5940922
You are right, Bitcoin is an asset. But please don't use the "it'll go up forever!" argument. There'll be a point in the future where the value of Bitcoin will plateau off. This is good however as it'll actually encourage spending Bitcoin rather than hoarding it.

>>5944501
RaiBlocks covers all three.

>>5944455
Of course it wont become currency. Corecucks fall for and pivoted to the store of value meme.

>>5944579
>calling people cuckolds
>literally ver's bitch online
i never asked for proof, he just doesn't own any bitcoin anymore. simple.

>>5942456
old school bit coiner here... BCASH is for

1. faggots

2. n00bn00bs

3. shills.

>>5944657
Why don't you show bitcoin as its grown in absolutes instead of the percentage against the entire crypto market? I don't think anyone is expecting BTC to be the entire crypto market... Kind of a strawman argument.

>>5944594
>RaiBlocks
cheap and quick, maybe

>>5940990
Fuck it hurts

>>5941302
> 98.7% of assets are holding bitcoin

Did you leave out a word?

>>5944736
lel. If he sold half his BTC he would have 100k BTC and 300k BCH now

>>5943747
u r retard I am post-doctoral data science and u r dumb
t. actual faggot shitposting on 4chan

>>5944789
Bitcoin would easily still be 50%+ if it were to actually function. Blind BTC followers should imagine for a minute about where the price would be if bitcoin still had 1 cent 10 min transactions, if Core hadn't intentionally crippled it. Since all they care about is price

>>5944789
he's got the typical late-adopter mindset.

>>5944907
he already sold it all, and he got a lot more bcash than that for it.

but really, if youve been in bitcoin for as long as you claim (you haven't) then you wouldn't give a shit about bitcoin or bcash because you're already rich enough to not give a shit. the fact that you have spammed this thread with so much political/propaganda shit for bcash means you're desperately trying to make money pumping/dumping coins.

you\re not fooling any of us real early adopters with this amateur hour shit.

>>5940922
>Your shitcoins die once whales and their pajeet bottom feeders stop shilling them.
yes those will die, the good shitcoins will not

>>5942715
You the Market Maker now. Play God and run over weak hands

>>5945024
>>5945022
no dude you dont understand

hes a multimillionaire who trolls 4chan and has dozens of roger ver and bcash propaganda memes on his computer just because he's trying to save his /biz/ bros from blockstream

>>5942909
always buy food and ammo before crypto

>>5945024
Whew still no arguments. Literally every time with corecucks.
Like pottery

I went against the grain 2012 by going into btc when people would laugh about it. Now normies are piling into failing slowcoin BTC and I have no qualms about backing the right horse again despite ill informed laggards opinions.

>muh rich people don't use the internet meme

>>5943747
t.University of Phoenix Grad

>>5940922
Happening

>>5945246
nobody "uses" crypto dumbass

i bounce around between alts for huge gains

but everyone will always come back to bitcoin in the end because it's the decentralized king

nobody feels safe with a coin controlled by roger ver and that mining chink

>>5944657
>miners need an incentive to actually uphold the authenticity of the network vs fucking off to mine some random pajeet shitcoins

wow what shocking viewpoint someone better get that madman in restraints

>>5942244
fast and cheap comes with the cost of your investment tanking 30%

>>5945145
my bad, its so obvious now!

>>5945246
arguments for what? you havent posted shit worth arguing about, just a bunch of memes and claims of being an early adopter (which no bcash shills can ever prove, surprise).

and if you were early into btc you should realize that bcash is under no circumstance ever going to take over bitcoin, they're both using 10 year old code bases, and only one is interested in moving forward with scalability, while the other is concerned only with capacity.

if there was ever an exodus from bitcoin, it would never be to a clone of bitcoin, no cash, no litecoin, no dash, none of that old shit. it's so blindingly obvious anyone who argues otherwise has to be trying to pump their own shit.

>>5945404
>I bought in Q4 2017, the post
Brainlet, we used to measure BTCs success in actual business adoption. Just a year ago you could pay for countless goods and services online and even IRL in some places and especially Japan.
All that is completely dead. Tere is no coin with real ecommerce adoption anymore due to BTC.

>>5945666
and yet there are more transactions now than ever before. regardless of how satoshi titled his whitepaper, bitcoin from the very beginning was simply not designed with mass transaction capacity in mind. it's obvious to anyone who has even looked trivially at it's architecture.

>>5940922
No one cares you make a lot less money if you hold BTC either lol

>>5945581
>quick maffs
Who makes more money?
Miner that mines a block with 1000 TPS and 50 cent fees per tx or miner that mines block with 11 TPS and 30$ fees per TX.

>>5945750
I would link the posts satoshi himself made on this but whew lad.

BTC was planned for global adoption from the getgo

>>5945792
fees are overshadowed by the block reward in most cases, and a decentralized network still carries more value that a much smaller centralized one. that's also ignoring the fact that bcash is in another universe from having 1k transactions/s and 50c fees. nobody is using it.

>>5945871
>planned
the code and development shows no sign of it. do you even know how to read c++, for example? or do you just listen to what other people say and repeat it on 4chan for your own amusement?

>>5940922
you are not moving any 6 digit sums for a couple of dollars with btc no matter what fees you set.

>>5945792
1000 / 1000 = 1
50 / 1000 = .05
.05 moneys per second

11 / 11 = 1
30 / 11 = ~.3
~.3 moneys per second

the second one.

however why not also consider, total number of transaction within some time frame, hardware uptime, difficulty, specific algos if some edge case presents itself, etc

im not even a miner and can see past the myopic shortsightedness of the point you are trying to make mr pajeet shill

>>5945962
Obviously 0.1 wasnt created to never be updated ever.
FFS transaction validation is still single threaded to this day yet Core claims validating higher TPS would overwhelm nodes.

I recommend Peter Rizons talk on that.

>>5946081
30 / 11 = high ~2.something*

>>5946081

>>5946101
yeah, thats what i mean dude. bcash solves none of these issues, and for it to it would require an entire rewrite.

you can like bcash for it's immediate capacity increase, but long term BOTH of them need so many changes it makes no sense to fork for a few short-term changes only

>>5946138
be that as it may i dont need excessive IQ or esoteric knowledge to understand whats happening with BTC kiddo

>>5940922
>Bitcoin will reach 20k, 50k, and 100k within 2 years
>the maximum profit a bitcoiner will do is fucking x5 in 2 YEARS, while I did a 40x this month with alts.
Kill yourself, bitcoiners are DELUDED, even worst than linkies, arkies, digimarines, or whatever bs you can talk about, you are fucked in the head.

>>5946219
>bcash solves none of these issues
Unlike Bcore they are actually open to hardforks and have 5 teams working on it. Peter Rizon leading one of them.
BCH will hardfork in about 3 months bringing a bunch of updates.

>BCASH ONLY WANTS ON CHAIN SCALING
this is a meme

>>5946269
nah dude, we're already multi-millionaires, 5x on 25+, 50+ milly seems pretty good doesn't it?

none of us give a fuck about most alts because we're seem most of them disappear from the last 2013 alt boom.

>>5946269
40x of $.05 is not impressive pajeet, try not to get your hands too dirty picking shitcoins off the street!

>>5946358
>5 teams
i dont give a fuck how many teams them have if so far the code quality on it has been complete shit. too many cooks. they need some real cryptographers, not people looking to make a name for themselves taking advantage of the idealistic.

they didn't want segwit, they didn't want a bunch of shit that made zero-fee txs impossible to rely on (hint: miners have prevented you from relying on zero fee txs for years now), but they just wanted immediate capacity, and they still managed to fuck up the core component of proof of work just to ensure their shitcoin wouldn't die, which the miners immediately took advantage of (what a coincidence).

you might not like bitcoin but i'd sooner take a bunch of slow moving dinosaurs than a bunch of kids trying to "move fast & break things" on a codebase most of them don't understand. if they wanted to go that route they should have started from scratch and look at bringing some real benefits to the table. but, of course, they can't because none of them have any real world experience with the kind of cryptography and mathematics necessary to make weird shit like like scale.

>>5946269
Alts serve the purpose of making more bitcoins for me, but once the king bull starts its move, it's altolodomor, no reason to be out ther holding some shiware.

>>5946447
ahhahahahahahaha keep coping corecuck, kys, your gains are at most a fucking measly 20% in a week.
>>5946363
If you into btc early you are good, but buying btc right now is bs.

>>5946535
long term we need a wipeout of most shitcoins though. we're overdue for a bear market, and we need to see the dismantling of most forks, including shit like litecoin.

there's no place for lazy clone-projects in this space, and the bubble has been giving too many of them a free ride and warping expectations for too long now.

>>5946530
>claims BCH isnt getting development
>gets educated that large scale development is happening
>now claims they have too many cooks fucking with codebase
If you want one dev team that tells you what to think is the right move and decides to work on one scaling option exclusively BTC is your pick.

>yfw not even Bitcoin Cores wallet supports segwit yet

>>5941458
This. Look at ETH in the past 48 hours. What we see here is a panic surge, a death spasm of BTC. Sell now or go under with your "store of value", when it drops down to 11k again and this time crashes through the support.

>>5946798
i dont see evidence of any large scale development, throwing a bunch of nobodies at a complicated problem shouldn't be anything to boast about.

i dont want shit, but as usual you seem to think being against the complete failure bcash development has been means i'm somehow all for bitcoin's developers.

>>5946827
have you tried to tx on eth? they have tens of thousands of txs pending, high fees, etc. this is the reality for any blockchain that's actually getting used. you literally can't scale away these transactions, they need to happen somewhere, and it's either on the blockchain, or on another ledger.

>>5946798
>>yfw not even Bitcoin Cores wallet supports segwit yet

It does, brainlet cli-handcapped bitch

>>5946919
>bunch of nobodies
You honestly need to DYOR.

You also seem to enjoy listening to authority figues. Maybe ripple is for you.

Uh of course people care about fees. Btc is still a meme coin with no real use that has been adopted by other markets or industries.

Let me know when Amazon takes btc as a payment for regular consumer purchases.

It's not going to be btc that's going to be adopted (if there ever is a coin that will that is)

>>5942909
> What are paper wallets and cold storage?

>>5947029
the issue is segwit was ready to go for a long time before miners were forced to adopt it. miners dragging their feet for asicboost really fucked up the whole adoption curve for what should have been a RBF style softfork

let me guess OP bought BTC at 20k, LTC at 400, and owns LINK lol pajeets.

>2018
>not being up 100s of thousands trading alts

>>5947110
are you really this un-self aware?

>>5947189
congratulations, it's a bull market.

>>5945610
BTC does this too, but because the transactions take so long you can't always convert back to fiat in time to avoid it like you can with faster coins.

>>5947233
Based Ver and Chad Jihan owning the entirety of BCH is a meme.

>>5947129
>no real use
It's been around for over 9 years and it is being widely used. Just because it does not serve this purpose, ie low value transactions, it does not mean it's useless for high value transactions were fees are negligible. It is not for poorfags, although LN ans RSK might help for that.

>>5947189
No, no, and yes, even though it's <1% of my portfolio.

Good on you for having perfect selection and timing to day trade consistently long term. I'm sure someone of your intellect will make great use of that wealth. I'll just play video games, eat, shit, and masturbate all day while doing literally nothing with my comfy holds.

>>5947328
>muh SoV meme

It used to be widely used and on the way to real IRL adoption. Core fucked it up now you are coping witth store of value BS

>>5947189
> Bitcoin goes up 10%
> Shitcoins tank 30%

>>5947303
do you honestly believe craig wright is satoshi? seriously?

i feel like i've been wasting my time.

>>5942949

The world economy has to keep going dumb dumb. Don't you realize that controlling the currency is the reason for war.

>>5947303
The rat falls into the craig trap while he provided no valid signature proving he's satoshi. Despisable.

>>5947394
You don't get that linear scaling does not solve the problem because it would centralize? Now think about what would be the benefit of the same thing happening in bitcoin. That's why you've been lied. It serves as money for the elite, who cares about buying coffe? I happily get rid of fiat for that.

>>5947440
> i've been wasting my time.
How? you haven't really argued any actual points.

>BCH no devs lel
>actually yes devs lel
>ok but they are nobodies (I think?). So better trust mighty core and LN lel

I completely agree with you on this:
>you can like bcash for it's immediate capacity increase, but long term BOTH of them need so many changes it makes no sense to fork for a few short-term changes only
The assumption here though is BCH just wants to stay as is and increase blocksize all the time. That is not the case.

>do you honestly believe craig wright is satoshi? seriously?
Nobody knows who the fuck SN is

>>5947564

>>5947641

>>5947641
but you choose to believe it's some guy who tried to trick people into thinking a txid was a signaturue for an early known satoshi transaction? how do you square your affinity for bitcoin cash with the fact that craig wright literally tried to scam people into believing that he was satoshi, and failed, multiple times?

it really calls into question your ability to think critically, honestly.

>>5947725
BCH is faster and has lower fees sweetie :^)

>>5947641
I agree with this guy >>5947725. You go off the point contradicting yourself then tries to make a valid statement. It's like you wanna waste our time with your bitmain cash despite my efforts to show you that it does not matter and no one cares.

>>5947835
Communism is also beautiful sweetie, now try to get that the system does not scale and that it's actually a enormous feat that we can share a block so small and actually do business.

>>5947725
>but you choose to believe it's some guy who tried to trick people into thinking a txid
How do you you not understand: nobody knows who SN is

And it doesnt matter either

>taking a meme this serious

Roger ver sold military grade explosives to literal middle eastern terrorists for years by the way.

>>5947933
the simple fact is: he made such a big PR deal about him "revealing" himself at satoshi, failed at every point to provide any proof, was completely rejected by every community, and then he realized he could take advantage of the split in community, and he started pandering to the cash crowd, and they all completely bought that shit, after he had repeatedly been called out as a fraud.

the damage having people like ver and write associated with bcash produced is really the biggest problem with that community, and it's why i don't want to associate myself with it. still havent sold any of my bcash though, if it ever do it'll be because i'm selling my bitcoin too.

>>5942456
You can open a channel and test for yourself. It works, just not normie friendly enough yet.
Most oldschool guys are still in bitcoin. Its only ver, the chink cartel and assorted scammers trying to co-opt the bitcoin name.

>>5942671
>and its being dust in the wind for a day or two
It takes under an hour to transfer with a fee of $5. Post discarded, too early in the day to deal with brainlets.

>>5947993
and don't get me wrong, i have nothing against tax evasion, trying to scam stupid people, or selling explosives and making a damn good profit too.

but when the only public figures you have are there because they have no other community to turn to, it doesn't look good.

>>5947996
They haven't even solved routing on the Lightning "network".
You can send back and forth btc in a channel with the party you created the channel with but actually routing that transaction to a third party multiple hops removed from you in a real world network is not solved

>>5940922
Bitcoin won't even work in 2 years you moron. A bunch of dumb money and whales pumping your shitcoin for a day doesn't mean it has a future.

>>5948096
bitcoin has never stopped working. difficulty adjustments every 2016 blocks from inception, avg 10 minutes each time, no censored txs, the only thing that's changed is the value people put on getting their tx included in a block.

>>5940922
right, but pajeet and chang coins are great for making money off random moons

>>5940922
ayy lmao. Someone needs bag holders on aisle 4!

>>5948096
>A bunch of dumb money and whales pumping your shitcoin for a day doesn't mean it has a future
We're talking about altcoins right? I mean its pretty obvious what the big money wants.. Why else would your shitcoins bleed the instant btc starts pumping.

>>5947993
>>5948067
He may be SN, or he may not.

If you get exposed for being SN you have 3 options:

1. You prove it publicly
>You and your family get haunted by coiners and gov. angencies for life

2.You deny being SN
>Still get you and your family investigated for life

3.You Fuck up on purpose
>Everybody thinks youre a scammer and gets off your back
>While you can still prove it in private to the people who matter

4. You actually are a scammer
Both 3. and 4. are an option.
I have no opinion on wether or not he is SN since its impossible to know.

>>5948256
he was never exposed, he tried to make a big deal of it himself, failed, and then still managed to come out on top by being one of the only public figures who is on the cash side of the bitcoin "debate".

he's an opportunist, nothing more. the argument you're using is nothing more than religious.

>>5948212
None of my coins are bleeding because I don't buy garbage like ripple. And they bleed because whales switch back to bitcoin to pump & dump and get cheaper real coins.

>>5948360
>he was never exposed
First time he was noticed in public when a hack of his email account was leaked to a newspaper. Whether or not he sent that leak himself we do not know.

>>5948453
said leak was implying he was SN of course. Shortly after Australian feds raided his home.
Shortly after that he launched his fucked up fake signature campaign

>>5948453
given that other instances of "exposure" were linked back to him as being who posted them, it's naive to think that he didn't.

and either way, i dont think anybody could legitimately say they believe in "satoshi's vision" when it involves only a few hundred 20k server nodes.

>>5948541
BTC had shitty node distibution 2009 to 2011 or so. They have sha256 so best conditions to get a lot of miners in plenty of DCs

>>5948599
that has nothing to do with miners. bitcoin's mining situation is completely terrible right now, and the only think keeping the network in a semi-healthy state is the number of users that don't align with the miner's interests.

if you need to drop that kind of cash to run a node, bitcoin has failed at being peer to peer, which is a significantly worse failing than simply failing at being "cash", and there's no debating that.

>>5940922
>No one cares if it is slow.No one cares if it has "high fees"
I care
>No one mentions how you can choose to pay lower fees, albeit the transaction will take much longer.
No, a transaction with a <10$ likely won't be included at all (in the next months, maybe when BTC is dead it will be included)
>the other tokens have almost zero real life usage.
No, BTC has exactly zero life usage
>store of value
it can't be a store of value if it has no use
>commerce
not used
>utility
it's not a currency anymore so where is the use?

>>5948850
Oh thats what youre on a bout.
The time when it will need 20k$ nodes is far away. Years.

Also 20k bux is way less than the millions in liquidity you would need to run a Lightning node.

>>5949029
before bitcoin we already had trusted/non-peer to peer digital cash, but we didn't have any trustless/peer to peer value like bitcoin. lightning doesn't have any kind of those requirements unless you're running a very high throughput node, which is only useful for orgs that were previously seeing very high throughput of txs anyway, and would have still needed high power h/w for that.

and lightning still doesn't change the fact that the base layer, the layer that needs to be the most decentralized and secure, is still possible to be run by a much wider group of people. bloating your base layer is only acceptable when you're not trying to be p2p. bittorrent would have never taken off if it had incredibly high upload/download requirements.

>>5949029
misread your last line, not sure why you think you would need millions in liquidity to run a lightning node, do you understand how lightning nodes work? they're not an exchange.

>>5942671
high fees and low transaction capacity is a huge plus if you've ever looked into algo trading which basically controls any foreign (real money) exchange
you cannot do this on the bitcoin network, and if you want to, you'd have to pay absurd fees. this pretty much protects the blockchain from spam transactions and cancerous high speed algorithmic trading and to some extent even from global political manipulation. a slow chain is a stronk chain

>>5949240
Dude you cant complain about 20k nodes while praising lightning.
Example: If you want to run an LN node with just 10 channels of 0.5 BTC each you have to have at least 5BTC on hand to lock up in those channels as counterparts to your users BTC.
Thats a nice what? at least 100k USD just to have the node running.
And you will fall under money transaction regulations and likely have to implement various KYC procedures.

And if LN actually works and gets adoption nobody will use tiny nodes like that because Googlenode and Paypalnode will have way better routing throughout the network.

>>5949327
>>5949479

>>5943747
>Bragging about having a PhD

You know, Satoshi was a high school drop out.

thinly veiled link (shitcoin) shill thread

>>5941572
Skycoin, soon

>>5949025
>No, a transaction with a <10$ likely won't be included at all
I sent btc from my wallet to an exchange, with a $5 fee, in under an hour a couple days ago.
Maybe you should learn how fees work.

>No, BTC has exactly zero life usage
Over 300k PHYSICAL stores in japan alone accept bitcoin.

>newcoiner brainlets literally this retarded
No wonder its been so easy to make gains lately

>>5950291
>I sent btc from my wallet to an exchange, with a $5 fee, in under an hour a couple days ago.
Maybe you should learn how fees work.

Care to show me the transaction ID?

>>5950386
>Care to show me the transaction ID?
Seen this asked a lot in these kind of threads.
They never deliver.

>>5950291
>Over 300k PHYSICAL stores in japan alone accept bitcoin.
Yes brainlet they implemented that when fees weren't retarded. Wonder how many customers pay with BTC these days....

>>5950509
Okay

https://www.blocktrail.com/BTC/tx/4bbed3e35662b44362aeb53c33a6018cff35e83e6c44d7672916d095d0c96f36

>>5940922

>>5950669
400k satoshis arent 5$ you little and cutie dumb fuck