/biz/ - Business & Finance

>>7438300

Bitcoin is a dinosaur coin and hundreds of alts do its job better. It's dragging down the cryptospace with high fees and long transaction times.

LET IT FUCKING DIE ALREADY

>>7438300
You can send a transaction for $1.50 and get it confirmed in 7 minutes.

>>7438330
Bitcoin is for ballers who spend a LOT. Not for a pajeet who sends $4 after losing some video game.

>>7438347

Even better, what I was saying is BTC is for the big boys, not poor pajeets.

>>7438300
nice strawman you have set up there. what is it 6 weeks ago?

Lmao

The bank doesn't really charge me any fees to send and its instant so why would i use bitcoin over regular money unless i was doing something illegal

>>7438556
I live in australia
Send me $100k see how long it takes and how much it costs

Now I live in North Korea
Try send me money
Oh wait

>>7438404
>It has become infeasible to use for the purpose it was created for
I'd rather use ethereum/nano/xlm

Those bags must be heavy anon

Shut the fuck up grandpa, BTC is as old and useless as the condom you still keep in your wallet.

Bitcoin (BCH) is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

>>7438701
>>7438763
i found the nocoiners. hahahaha enjoy your 100 links, turtle or whatever the fuck u think is gonna make it for u.

BTC is controlled by a corporation named blockstream. They artificially limited the blocksize to force the necessity of the Lightning Network.

>>7438300
Nice shitpost, bcash brainlet.

>>7438838
Bitcoin cash is he worst thing that could have happened to bitcoin. The creator himself said so, that is, nick Satoshi szabo

>>7438838
Why name something "cash" when the whole idea of bitcoin and crypto was to be anti gov and cash. BCH will never overtake bitcoin.

>>7438479
not segwit Bitcoin backed by banks, with LN a channel system to force you to use theirs layer not the blockchain itself, fuck bitcoin, ethereum for the first place please

Blockstream receives their funding from AXA Strategic Ventures (owned by Henri de Castries). And from Digital Currency Group - a venture capital firm whose board director is Glenn Hutchins of the Fed Reserve Bank. MasterCard also invested in DCG.

Shortly after Blockstream came active on the scene, every single anti-bitcoin troll on /r/bitcoin disappeared. In the years before that, there were a large number of anti-bitcoin trolls. Up until last year, you could go down to the bottom of pretty much any thread in /r/bitcoin and see many of the usual trolls who were heavily downvoted for saying things like "bitcoin is shit" and "you guys and your tulips" etc. But suddenly last year they all disappeared. Instead, a new type of people appeared - people who said they were fully in support of bitcoin, but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the anti-Bitcoin trolls who had disappeared. Their way of talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked.

I once heard the argument that "Bitcoin Cash is like someone making a fake burger stand in front of the Burger King shop and claiming to be Burger King."

THE REALITY is this:

Bitcoin Core / Blockstream is the one who got into Burger King as new management, and faced with the ever growing demand for burgers; they decided to NOT increase the number of burgers being made, due to having only 1 kitchen, and they tell customers ordering burgers to get a salad instead, because its better for them... but they will have to wait for it...

Bitcoin Cash is the new restaurant across the road with all the workers from Burger King who left BK so they can continue making the same classic burgers people want, AND they increase the number of kitchens so they can make more burgers faster to keep up with the demand. Customers get the same classic full-sized burgers and quickly.

Meanwhile, the legacy "Burger King" shop with the new management, there people stand waiting in long lines to get their burgers AND as they finally get them, a janitor eats a huge chunk of the burger before the customer gets to hold it in his hands. People will eventually get tired of all that crap and switch to the other shop across the street.

there is literally no reason for peasants to use bitcoin other than to store their "wealth"

>>7438910
can you give me the lottery numbers please?

Required /biz/ viewing:

https://www.youtube.com/watch?v=UYHFrf5ci_g

https://www.youtube.com/watch?v=sbD0kiTddEs

Wait 10 mins to get a transaction through on a fucking 2$ coffee.

The future ladies and gentleman!

It's disgusting how the majority of altcoins are still attached to this piece of shit that's bringing the whole market down with it.

https://www.youtube.com/watch?v=QbvtAlmfYQI

>>7438300
>Shut the fuck up about bitcoin
Ftfy faggot kys

>>7438300
bro we have segwit and LN. fees will never be that high again.

>>7438300
you just mad cuz you getting BCH slapped

>>7438964
Bitcoin = coca cola
Bcashhh = faygo

>>7438910
the whole Idea was to create digital cash that isn't inflationary, newfag.

BCH is exactly whats described in the whitepaper, which you never read.

>>7438972
think of bitcoin as the $100 bill, everyone wants it, but most don't carry it because its "useless" sometimes when they don't accept bills over $20.

>>7439054

>>7439054
>>7438887

>>7438300
You may not care, but I do, as does anyone with a functioning brain stem.
And I have alot more than 250k on the line.

>>7439047

https://www.youtube.com/watch?v=UYHFrf5ci_g

>>7439097
worst fucking analogy ive ever fucking heard in my entire life you ape fuck nigger

>>7439120
>>7439144
>>7439068
>>7439024
>>7438995
>>7438959

HAHA DELUDED CASHIE

heres a core dev explaining their vision for bitcoin:
https://www.youtube.com/watch?v=YmF79Zn6-bk

BCASH BCASH BCASH BCASH

>>7438995
usb is more like 8 gb to 64 gb. even a cd rom is 600 mb

jesus christ bcash really is a scam isn't it?

>>7439259
core dev? isn't that bitcoi ncore?

>>7438926
Lightning network is off chain
I don't care about it as it doesn't fuck with the integrity of the actual blockchain
Now shit like eth... trusting smart contracts fucking sif lad

>>7438972
Is pic with quote accurate

>>7438300
True, but honestly eth has proven itself great for payments too.

>>7439259

You linked a video of a Blockstream employee.

This is what Bitcoin is: https://bitcoin.com/bitcoin.pdf

Anything is a fraud.

>>7439057
Nodes only able to be run by mega corps and government is what's described in the white paper?

>>7438300
>who cares if you can't use it as an all purpose everyday currency lol
how many transactions that go on in our world involve quantities like 250k?

How about I bitch about completely deflationary currencies being shit?

Or that Proof of Work is a giant energy sink that will be succeeded by better methods that we know Bitcoin will never adopt from already seeing the mess Bitcoin Cash caused?

Or maybe even that hard-fork coins are bad because it destroys late adopter's faith about buying into the 'right' coin?

>>7439447
>Nodes only able to be run by mega corps and government
No but its whats decribed in the 51 pages clusterfuck called the lightning pager

>implying a 20k$ node can only be afforded by megacorps
besides we wont need expensive nodes for years to come

>>7439259
>>7439261

Blockstream Coin = floppy disk
Bitcoin = USB flash memory

The first USB sticks were 8mb, or are you too young to remember? As technology progressed, the storage size increased. That's what Bitcoin (BCH) does; it moves /with/ technological development - into the future. Blockstream Coin (BTC) on the other hand, it stays in the past. Hence the floppy disk.

Bill Gates pic = Blockstream shills mentality

>>7439557
Not gonna lie former bcash supporter here. Its fucking glorious watching BCH crash and burn. but in all seriousness we can't let Riger Ver get the nuclear codes.

>>7439557

Be honest with us. You only shill for BCH because you care a hell of a lot more about the Bitcoin brand than the tech behind it, right? You want to get in 'early' on new Bitcoin and this is the easiest way you see to do it

>>7439660
>implying BCH isnt the real bitcoin

>>7438300
>Segwit is coming to coinbase
>lightning network around the corner
>best and most devs around

if your not all in BTC LTC or Eth you are invested in memes

>>7439557
i used to support BCH but that all changed once the fire nation attacked

>>7439689
Bitcoin is bitcoin
Those bch bags ain't getting any lighter sonny

>>7439742
>>lightning network around the corner
Remember good goy, lightning was officially 8 months away since before ETH mainnet launched.

>>7438300
Exactly only peasants complain about this shit.

>>7439755
>t. 2017 newcoiner

>>7438300
that '''''''''''''250k'''''''''''''' is going to be a lot smaller very soon, KEK
watch and learn

Guys I just sent all my BTC to the exchange to sell. How long does it take to get 3 confirmations these days? Thanks.

>>7439914
if you used too few sats it can take between 1-48 hours.
Once you have 1 conf it will take another 20 minutes

>>7439956
I just withdrew it from binance to my home exchange. How many sats do they use?

>>7439809
More and more lightning nodes are added every week, plus atomic swaps will be here soon as well trying to do you a favor anon

>>7439981
likely enough for it to be there in 1 hour or so. They probably batch their tx so it will be cheaper for them to send it fast

>>7440046
while the LN devs themselves advise against using it with real money since they are still losing money in their very own tests lmao

>>7440081
The weird thing is it still says processing on Binance but appears on my home exchange as a deposit 0/3 confirmations. Does this mean it's made it off Binance?

Bcashies, so how do the forks work here and in what ways are they different from what was originally planned for Bitcoin?

>>7439839
Since 2011
Bitcoin is bitcoin
Attempted co-opt is a failure
Ver is a scammer
Those chinks destroy everything they touch
Maybe one day you'll make it

>>7439956
i wonder what would happen if you ran a facial recognition algorithm on those sea of faces
then pushed it thru clustering
beep boop does not compute

>>7440123
afaik binance has other tech issues as well right now according to their twitter. In any case your BTC shitcoin transfer will be slow

>>7439660

I shill for the Truth, precisely because I care about the tech behind Bitcoin (which I do because I care about freedom); and because I dislike that it was destroyed by Blockstream. BTC isn't Bitcoin anymore; Blockstream and those who fund Blockstream, they took it over, with goal of making it into the new Banking System. The whole point of existence of Blockstream is the destruction of Bitcoin by changing what Bitcoin is and how it operates.

But /you/ know all that of course, since you work for them.

By the way, are you aware how easy it is to spot you people? Or rather, your handlers, are they aware?

Three of the many reasons are:

>#1: When you accuse people of the very same things you are guilty of.

>#2: When you write completely made up nonsense such as the following and hope ignorant/gullible people will swallow it up:

>>7438908
>>7296383

>#3: When you attempt to "blend in" on sites such as this one, pose as one of us, by for exampling post Pepe pictures and trying to talk like we do. Put simply - you just can't do it without it looking extremely fake and unnatural.

>>7440175
Yeah I see binance is frozen. But if my transaction is appearing on the other exchange with 0/3 confirmations that means it's off binance right?

>>7439557
You'd need hundreds of megabyte blocks to handle widespread BTC adoption. Bitcoin is inherently flawed and neither Core nor Cash care because both parties just want quick money now with no intention of addressing BTC's long term limitations.

>>7440154
Bitcoin started in 2009 newfag. I started being invested in it in 2012.
Once you DYOR you will realize BCH has most of the OG bitcoiners.

There are no tangible arguments in your post by the way

>>7440197
yea it means your tx is in the mempool. It can take an undefined amount of time to get its first conf due to the size of the mempool.

>>7440273
Ok thanks that's a relief.

Just got my BTC and sold. See you fellows on the other side and good luck.

>>7440241
>You'd need hundreds of megabyte blocks to handle widespread BTC adoption.
Problem?
Thats feasible with current year average desktop nodes: https://www.youtube.com/watch?v=5SJm2ep3X_M

>So whats the point of your shillpost?

>>7439253
(((blockstream)))

>>7438556

>>7440183
>by for exampling post Pepe pictures
>Posts pepeshit

>>7440246
All the og coiners im still in touch with are still in bitcoin
Roger ver and the chink cartel saw an opportunity to make even more money and took it. I don't care who you see in the media shilling bcash, they only care about their own personal gain

>>7439660

I shill for the Truth, precisely because I care about the tech behind Bitcoin (which I do because I care about freedom); and because I dislike that it was destroyed by Blockstream. BTC isn't Bitcoin anymore; Blockstream and those who fund Blockstream, they took it over, with goal of making it into the new Banking System. The whole point of existence of Blockstream is the destruction of Bitcoin by changing what Bitcoin is and how it operates.

But /you/ know all that of course, since you work for them.

By the way, are you aware how easy it is to spot you people? Or rather, your handlers, are they aware?

Three of the many reasons are:

>#1: When you accuse people of the very same things you are guilty of.

>#2: When you write completely made up nonsense such as the following and hope ignorant/gullible people will swallow it up:

>>7438908
>>7296383

>#3: When you attempt to "blend in" on sites such as this one, try to pose as one of us, by using random Pepe pictures, and trying to talk like we do. Put simply - you just can't do it without it looking extremely fake and unnatural.

>>7440604
Economic incentive is an integral part of the protocol.
The chink miners biggest interest is in having the #1 coin be a sha265 coin, without which their hardware would be useless.
And without scaling, segwitcoin wont be top marketcap for long.

inb4 you claim its always going to be #1. It went from 90 to 30% in one year kiddo.
At some point fundamentals start to matter and a slow shitcoin with high fees has no fundamentals.
inb4 LN is coming hurrrr
LN might get some adoption in 2019 if you're lucky but by then BTC wont be #1. Also LN can be implemented on most coins including BCH. There is not one single reason it would be bound to BTC, corecuck.

>>7440671

Did you seriously just delete your post and repost the exact same thing except changing 'by for exampling post Pepe pictures' to 'by using random Pepe pictures' because I called you out on that? Why the fuck

>>7438300
Litecoin is superior in every way

>>7438404
Don't try to argue with pajeets and summerfags, which is anyone buying altcoins. Who else would fall for the "fast, cheap, decentralized" scam.

>>7440788
>he thinks coinmarketcap "marketcaps" are real

>>7439545
Yes you would, if your shitcoin actually had the fictional demand that you think it has. Not to mention if anyone with resources bothered to kill bcash, they could by spamming the network for a while filling the hard disks and bandwith of whoever was an idiot enough to be running a node on that abortion.

>>7439097
I am all btc, but this is one of the saddest, try hard, unhelpful analogies I have heard in this debate. I hope this is just bait and you are not as handicapped as you appear to be.

>>7439509
Most people are irrelevant. Centralizing Bitcoin so niggers can buy KFC on-chain is what the USG would like, but as we have seen numerous times, will never happen. You can fork it and rehearse it a million times under different names shilled by different scammers, the results are always going to be the same.

>>7438300
>btc is king everyone should use is because its best and also adoption blah currency blah crypto
>but you need to only ever move enormous sums of money around then its good

do you realise how fucking retarded you sound? probably not or else you wouldn't post dumb shit like this. and yeah, I care that it costs me $200 and takes an hour to send $250k, when I could send it in xlm in 5 seconds for $0.000001

nobody ever got rich by throwing away $200 to miners for every transaction they make

>>7438300
>mfw sending a 10k+ BTC transaction

>>7438300
>strongest, longest standing network in crypto
>most resilient to literally everything, even positive changes without unanimous consensus
>decentralized. There is no central authority.
>Nobody owns bitcoin. Nobody can officially speak on bitcoins behalf. There is no Vitalik of bitcoin. There are only vers.
>The inception of bitcoin can never be recreated in cryptocurrency again; there will always be a central, corporate or financial influence behind new coins

hold eth, trade shitcoins, but if you don't know the value of btc you're probably a retarded newfag

The bcash supporters are either ignorant or dishonest. The Blockstream conspiracy is a nice meme. It's actually very simple. Should we scale linearly and continually double the blocksize to increase transaction throughput? Or should we take the transactions off-chain in an effort to scale exponentially?

How much does it cost to send $20 in bitcoin?
How long does it take?
Will costs decrease as bitcoin matures?

>>7443098
$38
1-2 hours
Increase

>>7443209
Surely you're kidding

>>7438300
>If you ignore the problem, then it doesn't exist.

>>7442937
Why did Blockstream patent side chains and not the Lightning network? Obviously it's because the Lightning Network is going to be shit while side chains is the real solution.

>>7439655

Whoever you people are, you truly are some of the most obvious and most pathetic shills ever.

BTC is the savings account. If BTC could do it all we wouldn’t need all of these other projects. It’s like gold: expensive to move, expensive to trade, but a great store of value. It encourages saving. Also, the crypto world at this point isn’t about fundamentals, and name recognition goes a long way...

It may be replaced eventually, but for now it’s the big swinging dick.

>>7443522
Savings account aren't suppose to depreciate rapidly in value.

>>7443515

Not gonna lie, former trump cash supporter here. Watching this guys bcash shilling is fucking hilarious while it crashes and burns.

>>7443560
So it's not good as a store of value and it's not good as a medium for transactions?

What's it good for?

>still playing around with currency coins
>not deep into utility tokens

weeeeeeeew

buy AMB, you idiots.

>>7443560
True, but you’re looking at this relative to the dollar. We want cryptoland to be independent of governments. In the world where BTC is the reserve currency, the relative value of other coins through this correction have remained pretty consistent. My portfolio value in BTC barely changed over the past few weeks.

>>7442208

Nodes don't add to the security of the network.

>>7438347
That's shitty tho

>>7443271

He isn't, sadly. But keep in mind that those problems - plus other problems also - only exist with BTC. Not with BCH.

"other problems" meaning problems which will effect BTC in the future more and more, such as privacy/anonymity, taxation, difficulty of use, etc -- things which increasingly become an issue with BTC as it becomes more and more controlled by financial institutions and corporations and regulated by governments. Problems which originally BTC was intended to completely avoid. Problems which BCH therefore intends to completely avoid, because the purpose of BCH is for it to remain true to what Bitcoin actually is meant to be.

>>7443746
Meaning that if i start accepting BitCoins on my website and defraud 15% of my customers by not shipping product I can gain 15% additional profits and you can't do a charge back or use a government agency to retrieve the money/fine me?

People who claim bitcoin can’t be replaced are just like people who claim crypto can’t amount to anything. Only difference is that bitcoin devotees happened to take one more step forward before being blinded by dogma and desire to maintain the established order.

The same reason bitcoin succeeded is why it willl fail: the markets will eventually favor superior tech.

>>7443989
Freedom is scary yo.

>>7438300
>buy $50 worth of BTC
>sent $50 worth of BTC
>only $36 worth of BTC when it arrived
>lost 28% of the BTC i sent

Yeah man, this can totally be used as a normal currency!

>>7438300
> join open source decentralized blockchain project
> centralize it
> make bickchain optional
> inject proprietary IP tech
> pretend it is still the original project
> claim ownership of project and brand

Bitcoin has been hijacked. Google at least got the grace to rebrand its fork Android and leave the name to the original project.

>>7442680

>Nobody owns bitcoin. Nobody can officially speak on bitcoins behalf. There is no Vitalik of bitcoin. There are only vers.

>counts on people being ignorant of Blockstream and its history
>counts on people not knowing AXA and a board director from the Federal Reserve didn't fund them

https://archive.is/fycnA

https://youtu.be/UYHFrf5ci_g

>>7442680

>Nobody owns bitcoin. Nobody can officially speak on bitcoins behalf. There is no Vitalik of bitcoin. There are only vers.

>counts on people being ignorant of Blockstream and its history
>counts on people not knowing that AXA and a board director from the Federal Reserve funded them

https://archive.is/fycnA

https://youtu.be/UYHFrf5ci_g

>>7440788
>muh market dominance
Yeah that didn't have anything to do with thousands of shit coins being created
You don't understand anything... opinion discarded pleb

BTC transfers are fast and free

>>7444405

wrong archive link, here's the correct one:

https://archive.is/kRLn4

>>.7444444

>>7443783
>Tor run by a couple corporation running nodes is as secure as nodes run by random people all over the world
Go to bed, Rizun.

>>7444444

>>7443209
Have you ever sent bitcoin before or just your experience with coin base withdrawal fees?
Fucking stupid fuck
Its less than $2 and within an hour

>>7443987
Sadly he is, and you're a stupid fuck as well

>>7444586

Nodes don't validate consensus rules. Miners do

Miners secure the network, not nodes. Nodes =/= mining. Some nodes are helpful, yes. But Even satoshi admitted not everyone needs to run a node

>muh tx speed
deluded cuckolds will never learn

>>7439259

Kekkled heartily

If you buy the premise that r/bitcoin isn't heavily moderated and that "bcash is a centralized china coin", despite having the same miners as bitcoin, nothing else matters other than LN and hodl memes. People latch onto the higher price as their only rationale.

>>7439689
ASIC proof when