/biz/ - Business & Finance

Just in case you brainlet bears dont understand, the supply is limited such that all the millionaires and billionaires in the world can't get 1 BTC each. That doesnt even include other rich boybands like the winklevoss twins hoarding a lot of these things for themselves.

>>9428723
by this logic you should invest in xmr or sumocoin

>>9428770
>by this logic you should invest in xmr or sumocoin
Do the rich offshore boys consider alts as the "premium" rich coin? No. Thats why BTC's position is so hard to beat.

Look at all the billionaires betting only on BTC because its the largest cryptocurrency. They want the most expensive one. Not some pleb-tier altcoin. Offshore boys want the expensive things.

>Example billionaire? Peter thiel, tim draper, novogratz etc
>https://www.cnbc.com/2018/03/15/peter-thiel-is-betting-on-bitcoin-to-be-the-online-equivalent-to-gold.html

>>9428770
it's about status for these people, not wealth appreciation. you can't discuss holding xmr/sumocoin with the old wall street boys at the yacht club cause they won't know what you're talking about, at least with bitcoin there's a brand recognition (plus muh digital gold)

>>9428723
>being memed as a store of value
Not everyone fall for memes like biztards

>>9428824
>>9428856
so you guys actually argue that people with tons of money, dirty hands and a need to get a way with it will favor ye olde bitcoin because of brandrecognition over better protection?

>>9428861
>Not everyone fall for memes like biztards
These guys get memed into spending millions of dollars to buy paintings ffs. You dont think they will buy a few bitcoins just because they can?

OP is half right, bitcoin has the most prestige.

>>9428894
being rich gives you more than enough immunity from having 'dirty hands'

i'm specifically talking about people that want to flaunt their wealth to others, not preserve potentially illegally gained wealth from prying eyes

>>9428906
>buy paintings
>buy a few bitcoins

>>9428932
I was specifically talking about OP's inital point, offshore money.

I didnt read on to where he diluded it to "look at my dick, threehundredbillion satoshis long"

>>9428894
>so you guys actually argue that people with tons of money, dirty hands and a need to get a way with it will favor ye olde bitcoin because of brandrecognition over better protection?

Protection? Pretty sure they care more about BTC being recognized forever compared to other coins. Monero? Monero can rest in oblivion with BTC not dying but the other way around cannot happen.That is a form of protection. BTC protects their money's value better than monero's anonymity can.

They want relevance get it? It isnt something poorfags who need to gamble on altcoins can understand. Plus bitcoin's pseudonymity should be enough for them. Just ask some of their people to buy BTC for them instead of fucking using a coinbase account like poorfags do.

>>9428964
>hurr durr rich people wont buy bitcoin since its not comparable to paintings.

But its starting to. The moment it got expensive. Thats why the buttcoiners are mocking it as "beanie babies". But imo its much more comparable to paintings to get into the "rich crowd".

Prestige of expensive things + more liquidity than other luxury goods? You've got yourself a knockout use case for offshore money.

>>9428984
youre implying all rich people, even those with dirty hands that would require extensive protection, im talking about much more than just offshore baking, put more valueation on some social recognition with bitcoin, than on being able to get away with it, no matter what?

BTC transactions can be traced afaik, that is a HUGE problem.

And to add to my point, why cant these people keep a bit in bitcoin anyway, just for the memes?

>>9428971
alright, no problem fren. we're both right.

>>9429073
>put more valueation on some social recognition with bitcoin, than on being able to get away with it, no matter what?

>BTC case
Ok imagine you are a rich multi-millionaire who wants to own bitcoins. You are definitely going to buy OTC. You create a bitcoin wallet which is pseudonymous. You meetup with a whale in person and you buy BTC which he sends to your address. The whale knows you bought $10m worth of BTC.

>Monero case
You are a rich multi-millionaire who wants to own monero. You also meet OTC. You buy monero from a whale. The whale knows you bought $10m worth of Monero

Whats the fucking difference? Not to mention its extremely hard for rich people to find Monero over the counter compared to Bitcoin?

>>9429073
so what if btc can be traced, so can all forms of banking and even cash. that's what money laundering is for. there'll be a high demand for crypto laundering services in the future.

>>9429175
He's forgetting the fact that these guys will most likely buy and sell only over-the-counter and it makes no fucking difference to use Monero over BTC. That along with the fact that its extremely harder to find monero over-the-counter compared to bitcoin.

>>9429169
Can the whale prove it directly though if your wallet cannot be accessed? Also, the Whale would either need incentive to betray the buyer, or actually be more careless/unlucky than him, then theyd need to fetch the buyer, then theyd need to prove this transaction actually happened, and then theyd need to prove anything regarding what happened the Monero because buying XMR itself is not illegal.
>but this logic ofc can be applied to bitcoin itself, just the part of validating the transaction should be easier

The problem I have with BTC is that >I heard< its transactions can be traced between wallets. This is information that tells you where the money went, how is this not a big problem?

>>9429175
cash can hardly be traced, no? Its very hard to trace it.
the reason conventional banking worked is that people were able to fly in cash to deposit that would not need to be disclosed to foreign governments due to local law, no?

>>9429215
I can see an issue with the Market as a whole, but I cant see one if even just one person gets their shit kicked in on BTC being inferior. I consider these ppl smart enough to go the securest possible way, thats my whole point. Imagine if youd pay a whale you know a premium just for getting XMR, wouldnt that be worth it? I guess thats up to be debated here since im not fully aware how big the implications are that BTC can be traced

>>9429311
>Can the whale prove it directly though if your wallet cannot be accessed?
Oh i dunno genius, maybe he can just point to the wire transfer you just sent him? See thats the whole reason this anonymity meme is bullshit if there is a weak spot. And that weak-spot is the fiat transaction you used to buy crypto.

>The problem I have with BTC is that >I heard< its transactions can be traced between wallets. This is information that tells you where the money went, how is this not a big problem?
So i think i've clarified that that the whale will always know that you have bought a certain amount of crypto right? Then the only problem is anonymity with spending outside of OTC selling. But these people buy crypto not to spend but to hoard. They wont be buying drugs or whatever. The liquidity is just a bonus feature there will hardly ever use just like they never sell their gold (until they go bankrupt).

> I consider these ppl smart enough to go the securest possible way, thats my whole point. Imagine if youd pay a whale you know a premium just for getting XMR, wouldnt that be worth it?
That isnt what is happening obviously. Otherwise Monero wouldnt be out of the top 10 given its "limited supply". The people have spoken and its bitcoin they want the most.

Give it up monero fag.

>>9429450
I dont hold either XMR or Sumo, im just interested in the concept of privacy coins. Their weak performance disgusts me so I keep away from them.

However I dont think BTC will keep its spot.

>the weak spot is the fiat transaction
Agree, OTC should somehow be cash or goods, or some other form of favorable agreement, its hard to connect those directly to anything. All you need is a Wallet that is not explicitly known to be yours. Thats a problem with Bitcoin because they could connect the amount of "missing" value to a BTC transaction the whale made roughly in this timeframe to whats now presumed as your wallet. They cant do that with XMR.

>they just hoard it
Alright, I still think XMR is better in that case IF the market was *perfect*
Should you choose to do any kind of transaction XMR becomes infinitely better though, just because noone can prove any kind of transaction even happened without direct access. Again, as far as I know, with BTC this is possible.

I cannot disagree that the market disagrees with XMR being more valueable than BTC, hell look at the "even more superior" Sumokoin. Its nothing. Shit Name too.
I just like to argue

>>9428723
>store of value
>rich offshore boy squad

Long-term bear because of unintelligent people like you.

You probably work part-time at the mall and heard about BTC in November on Buzzfeed during your 15 min break at Cinnabon.

Is nine months long term?

>>9429617
>Thats a problem with Bitcoin because they could connect the amount of "missing" value to a BTC transaction the whale made roughly in this timeframe to whats now presumed as your wallet. They cant do that with XMR.

So uhhh why did you wire transfer $10 million to this dude again if you didnt buy $10 million worth of monero? Whats your answer lmao. He would still get fucking caught with the wire transfer of $10 million that he did.

I think you are overcomplicating things. They arent putting 50% of their wealth in this thing. Just a small percent of offshore money would rocket us to the moon.

>>9429683
>You probably work part-time at the mall and heard about BTC in November on Buzzfeed during your 15 min break at Cinnabon.

And smart people like you invest in alts right? Like fucking antshares lmao muh china will ban everything and make only NEO legal. Muh 10% dividends while the coin fluctuates 50% in a month. The very definition of dumb money.

Literally kys. Altcoin holders aside from ETH holders reek desperation in missing out in BTC the rich boy coin.

like you said there are so many better assets to store wealth in right now that are much more stable. This is why I believe once BTC is more well regulated and protected from dramatic price changes weekly it will have much more wealth poured into it.

>>9429723
>So uhhh why did you wire transfer $10 million to this dude again if you didnt buy $10 million worth of monero?

Because I didnt wire transfer, because I realize those can be easily traced?

If I buy 10 mil of xmr I might aswell fly over, have a nice show of the city, bang some whores, and then arrange some sort of ridicioulus construction deal or lose money in betting or gambleing against him. Hell I could literally claim that someone robbed something. Whatever. Im not gonna fucking wire transfer money I shouldnt have to people I shouldnt know to buy things I shouldnt possess.

>>9429872
>Because I didnt wire transfer, because I realize those can be easily traced?
So you just carried $10 million dollars in suitcases with your bodyguards. Nice. Occams razor, dont overcomplicate things. This is why the demand for BTC over the counter is high but not Monero.

>>9429931
You do realise this instrument you're trying to hype up and treat as if it were some kind of status symbol is in the process of completely dying, right? And I don't mean in a market nobody believes in it anymore sense, I mean in the sense that it will soon cease to function entirely?

>>9429931
no I gifted him 10 million baby turtles sewn together with my asshairs that I rode into the city dressed like a caesar

you gotta have people you already trust to wire transfer, and I wont believe for a second that these transfers are not diluded to fuck.

>overcomplicate things
maybe me being young and poor makes me think more of a movielike world than what it is in reality, but if I had to protect my entire existence because of dirty hands, including something like my children, I wouldnt wire transfer 10 million just like that to a random guy and hope nobody ever asks about it

>>9428770
No or. Just XMR

>>9428723
http://www.goldmansachs.com/our-thinking/podcasts/episodes/04-19-2018-stongin-himmelberg-currie.html

>>9430041
>You do realise this instrument you're trying to hype up and treat as if it were some kind of status symbol is in the process of completely dying, right? And I don't mean in a market nobody believes in it anymore sense, I mean in the sense that it will soon cease to function entirely?

Muh fundamentals. Tell that to silver and gold lol.

>nobody believes in it anymore
What is number 1 in coinmarketcap? I remember you faggots screeching for a flippening in June w/ ETH only to get fucking rekt by the uncertainty during the Bitcoin fork.

Flippening in january again. lol fucking rekt again. Clearly people believe in BTC more than alts. Just look at binance flash crashing alts the moment BTC dumps even those with USDT pairs.

>I am bearish because Tone Vays says so

>>9428723
Not gonna lie, this is a good point. You're okay, OP

>>9430127
Ive never heard a more naive approach to crypto

>>9430187
Silver and gold still exist. You can still hold pieces of them and hand them to other people. If the hashrate trend of the last four days holds for btc that will not be true. It will be a frozen chain upon which it is impossible to make new transactions, period.
You're looking at the world like a politician, not a programmer.
You're going to get destroyed.

>>9430187

He's right though. This social class you speak of are not going to invest such large sums while technical problems pose even a remote possiblity of them losing everything.

>>9430263
ohhh youre trying to use the death spiral shit again. sorry i didnt pay attention much. didnt they have the best chance of doing that back in muh dragonslayer operation?

for some fucking reason i can still move my BTC. why is that?

>>9430270
>He's right though. This social class you speak of are not going to invest such large sums while technical problems pose even a remote possiblity of them losing everything.

What coin do billionaires prefer the most? Mike Novogratz, Tim Draper, Winklevoss Twins, Peter Thiel? Thats right fucking Bitcoin. Almost every rich person investing in crypto holds BTC as the largest part of their folio.

I dont know what social class you expect to have offshore funds but clearly very rich people prefer BTC.

>>9430261
That's because you're delusional.

>>9430127
>>9430442
I'm not going to listen to the entire fucking podcast lmao. I prefer to listen to the market whispering to me that BTC is king.

>>9430338

The people you just mentioned are a combination of early adopters, trail blazers and those with technical advisers whose success depends on taking a risk on BTC despite its possibility of failure. Also, the twins were in BTC well before the scaling debate.

However, in your OP you are clearly referring to those wealthy entities currently still on the sidelines, who would almost certainly wait for the debate to resolve itself and a clear winner/world reserve cryptocurrency to emerge. That has not happened yet.

Imagine you're an extremely wealthy individual with little technical proficiency in the space. If you advisor told you BTC was currently being contested by numerous other coins, would you invest in it?

>>9430293
Because although not enough miners are mining it to get it to the next difficulty adjustment (terminal cancer) it is not yet actually completely frozen. Just reduced block emission.
There's no way out of this situation that doesn't come with an enormous hash power increase though, and the only way that happens is with a massive price boost. It's over.

>>9430442
We will see. :)

>>9430467
>>9430491

>>9430475
Worst case scenario is BTC core not getting lightning to work and saying hey looks like the BCash faggots were right. Lets hard fork the snapshot where BTC core was FROZEN with bigger blocks. That way its exactly like Bitcoin since every account had the exact same amount the moment it was frozen in the original chain.

See my point? No one wants Bitcoin Cash as much as Bitcoin. Bitcoin can always fuck over Bitcoin Cash. And all the people with vested interest with Bitcoin will agree. There are more people with big money invested in Bitcoin than Bitcoin Cash.

>>9430542
opening statements:
>transactions are 4 minutes or longer on every crypto
>its not backed by anything, fiat is ((("backed by tax income")))
>it kinda looks like a bubble
>everything in crypto aspires to be a currency
>cryptos are securities

stopped after the last two came back to back, you scroll down to the second spot in coinmarketcap and find something that explicitly is not a currency or security. I wonder what the fuck that tells us about the podcast.

>>9430588
Then they'll have an enormously less secure chain, and bch will be enormously more secure, and the sad fucks larping like they're high and mighty lords on the fisher price blockchain they have to go to will get 51 percent attacked because they're too stupid for the price they have. Once again thinking like a politician instead of a programmer. All this nonsensical status chasing and human politics is of absolutely zero consequence. Learn or be destroyed.

>>9430647
I like the be destroyed option on this guy desu

what do you think about DASH? I tend to dislike PoW coins

>>9430588

The market disruption that would cause would shatter the brand awareness of BTC, quite catastrophically. Why would the hash power that migrated during the freeze return to a forked chain, then that could take months to institute?

>>9430647
>Once again thinking like a politician instead of a programmer.
Hence why offshore yachtboys will love BTC

>the sad fucks larping like they're high and mighty lords on the fisher price blockchain they have to go to will get 51 percent attacked because they're too stupid for the price they have

Read my post >>9429767 i said all alt holders except ETH holders reek desperation. Why is that? Because if for some reason BTC gets fucked then ETH will likely get the throne.

Whats the fucking point of Bitcoin Cash when there is Ethereum really? Ethereum is a much better hedge against BTC failing than Bitcoin Cash. Go on vercuck explain.

>>9430668
It's alright. The masternode staking model started there and the builtin kickstarter plus constant well funded marketing war chest is worth something. There's just the problem of their potentially shady history. Still, that's pretty distant now and reasonably evaluated on present attributes it's hard to say it's not a contender.

>>9430714

BCH is Sha-256, ETH is not. Where do you think all that spare ASIC hash power is going to get directed?

>>9430671
>The market disruption that would cause would shatter the brand awareness of BTC, quite catastrophically
>Why would the hash power that migrated during the freeze return to a forked chain, then that could take months to institute?

Look the entire point of the dragonslayer operation relies on miners acting on economic incentives right? But for some reason they didnt act rationally back then. They kept mining BTC, otherwise my money would be fucking stuck.

>>9430714
> Hence why offshore yachtboys will love BTC
Right, but you are under the mistaken impression they will maintain their wealth, status and power in this new world where their conniving and political manipulation are worth exactly fuck all and programmers are the new barons.
This perception is wrong. It is assuming railroads will maintain position over oil production, or similar associated technical failure to understand the way the economy actually works and a deep seated desire to throat old money dick.
You're going to get destroyed. Mark my words. Enjoy the future. You won't be setting the place anymore gramps.

>>9430624
>My coin is different
Nothing personnel kid, but your future is not looking bright.

>>9430805
Wrong m they were bribed to mine it at the time with revenues per unit of over five times the present level. And now they're not, so the incentives are reasserting themselves and btc is dying as a consequence.
This is what I mean, you're a cave man trying to fight a shooting war. You can't win. It's sad to watch you try.

>>9430792
Er...in the bin along with other old computer junk

>>9430805

I was speaking of the hypothesis presented in which this already occured. I don't know enough about dragonslayer to talk about it but from my understanding it was mostly a meme and hype, and nothing technically occured.

>>9430792
>BCH is Sha-256, ETH is not. Where do you think all that spare ASIC hash power is going to get directed?

Stop using analysis like that in this market if that worked against BTC then ETH should be #1 right now. The only thing BTC is better than ETH is marketcap, trading volume, and google trends. This goes to show that the market clearly values being the "premium" coin more than fundamentals.

https://www.flippening.watch/

If ever BTC fails Bitcoin Cash isnt going to fucking succeed either. They will both get cucked by ETH. But again, i am more bullish for Bitcoin than ETH.

The writing is on the fucking wall. Goldman Sachs, JP morgan, nasdaq, NYSE, this shit is going to fly in the next year. Id hate to not be accumulating

>>9430884
Exactly what I said would eventually happen back then is happening now>>9430041

>>9430884
>I don't know enough about dragonslayer to talk about it but from my understanding it was mostly a meme and hype

Roger Ver and his buddies had the best chance of triggering the death spiral at one point hence the dragonslayer meme. All he had to do was dump his Bitcoins and majority of the miners should have switched to Bitcoin Cash initiating the problem you just said.

>>9430904
Wrong. ETH has orders of magnitude less pow armour from ethash than BCH would have from sha256 when btc is dead.
You don't have a clue what you're talking about.

>>9430864

No. They will mine another Sha256 coin, in order to make a profit or recover losses.

>>9430904

Not sure what point you're trying to make here but mine still stands. If BTC died, I'm walking over to my mining console and reconfiguring my sha256 miners to mine something else, so that my enterprise continues. Whether that is BCH or something else is irrelevant.

>>9430948
You dont get my point do you? The market doesnt care about that hence my reference about the flippening stats.

You think Bitcoin has a higher marketcap than ETH because of hashpower? LOL, these large investors dont care about that. They dont even care about stats such as mining rewards, nodes, transactions.

They only care about Bitcoin's premium status.

>>9430985
>Not sure what point you're trying to make here but mine still stands. If BTC died, I'm walking over to my mining console and reconfiguring my sha256 miners to mine something else, so that my enterprise continues. Whether that is BCH or something else is irrelevant.

And why does whatever you are mining have to be the flagship cryptocurrency? Im arguing premium status > fundamentals or whatever metrics you geeks use to invest right now in alts.

>>9430908
THIS. GET IN OR STAY POOR U DUMBFUCKS.

>>9431012
>THIS. GET IN OR STAY POOR U DUMBFUCKS.
Are you being sarcastic? I thought you hated BTC.

>>9430986
You're an idiot and you should be selling cheap diamonds to gullible housewives with equally cheap shoes.
Enjoy your (((premium))) bags. I have nothing else to say to you.

Theres nothing to explain, bears are retarded faggots who sold a ton of btc early or dismissed Bitcoin early and now probably have a stake in some shitty altcoin to cope.

>>9431008

Because if BTC died then BCH could contest the name and therefore the brand, thereby becoming the premium currency you speak of. I am bullish on ETH certainly, but for me it's between ETH and BCH. ETH is good but if BCH picked up all that hash power its market presence would at least be as strong.

>>9431119
Whatever bcash fags have no hope.. If bitcoin fails the name would be tarnished right? You just contradicted urself

>>9431194

In the short term probably. In the long term it would be forgotten just like everything else when the tragically short human attention span comes into play. The market marches on.

>>9431236
Stirling castle had eight sieges because it was strategically important, not because kings thought it was a status symbol. And it didn't "suffer tarnished reputation" when it changed hands. It was improved by the new occupants and became stronger over time. More so than castles that never suffered any sieges housing minor lords in strategically unimportant nobody gave a damn about no matter how fashionably they dressed or how much status their wives had.
There are deeper truths than human pomp and delusions of grandeur. The man you're talking to will never understand that, but you might.

>>9431335
Hahahahhahah nice peptalk vercuck

>>9431361
Cheap shoes, pleb. Go.

>vercucks actually believe the chain death spiral will happen

>>9431457
> corecucks can't see it already is.

>>9431335

And blockchains, much like castles, are unthinking, emotionless, but nonetheless incredible feats of engineering based entirely on fundamental principles. I'm bullish on cryptocurrency alone for that very reason.

>>9431361

You put up a better effort than most BTC maximalists, but really you should have just said "lol bcash" from the start and saved us all the trouble.

All the economic incentives are in favor of not letting BTC die, even if you'd have to mine it for a loss for couple of weeks. And even if the death spiral happened you could always just fork it.

Not happening.

>>9431653
Tell that to the bcash cucks in this thread

>>9431534
>You put up a better effort than most BTC maximalists, but really you should have just said "lol bcash" from the start and saved us all the trouble.
What did you expect? My original post was claiming a bullish case for BTC not because of tech but because of it being the new gold 2.0/offshore toy of choice

You have to admit though, bcash has a pretty weak case.

>>9431471
And neither vercucks nor corecucks here recognize you, my lord. Can you spare this beggar a hint on what to do? I might be foolish beyond my age but I know that BCH isn't the answer.

>>9431793

Bcash is undoubtedly one of, if not the most technologically sophisticated cryptocurrency on the market.

I hold BTC for the same reason you do; to leverage "yachtboy" types making moves into the market. However, that is a purely speculative decision completely divorced from the fact that BCH is fundamentally superior in virtually every way, and I'll hold it long after I've dumped my BTC on these offshore bag holders.

>>9432212
>Bcash is undoubtedly one of, if not the most technologically sophisticated cryptocurrency on the market.
BCH is more superior than ETH? You have to be joking. Its literally BTC core with bigger blocks. Thats it.

I see no point hedging with Bitcoin Cash when you are already hedging with ETH.

>>9431052
>You're an idiot and you should be selling cheap diamonds to gullible housewives with equally cheap shoes.

You mean making them lust over overpriced luxury prada bags just because the rich are buying them? LMAO BTC all the way.

>>9428723
Bitcoin is absolute crap technologicaly speaking, and will be absolete in a few years/months if it fails to adapt (and it most likely will).
Ethereum will flip it this year regardless of what Bitcoin does. From there it's all downhill.

We'll see 1ml+ Bitcoin prices quicker than people realize. The consensus has changed. People want these and they don't even know why. Once they realize how scarce and limited they are, the race is on. Bitcoin will be one of the few to succeed. The purge is coming.

>>9432212
>Bcash is undoubtedly one of, if not the most technologically sophisticated cryptocurrency on the market.
holy fuck that is the most ignorant statement I've ever seen in crypto.

how many devs does bcash have? 1, 2?

It's just a clone of bcore with bigger blocks.

You will undoubtably miss on the next crypto bullrun unless you educate yourself about crypto my dude.

>>9432785
>Bitcoin is absolute crap technologicaly speaking, and will be absolete in a few years/months if it fails to adapt (and it most likely will).

Here we go again. How will an alt flip BTC when all the fucking bots in exchanges panic sell their alts whenever BTC makes a move? Fundamentals dont mean shit to a store of value (at least that is what it is believed to be).

>Ethereum will flip it this year regardless of what Bitcoin does. From there it's all downhill.
Lmao.... like a clockwork. Bitcoin whales dropping BTC's price should be enough to stop any flippening whatsoever. BTC dropping in price rapidly kills every altcoin pump. Ever notice that everytime ETH comes close to a flippening BTC starts dumping incredibly hard tanking the ETH/BTC ratio too?

That was true in June 2017 and was true in January 2018.

>>9432689

Yes, I said "one of". I am hedging with BCH and ETH because they both have strong development teams with virtually unlimited funding. I am fascinated by Vitalik's scaling solutions and smart contracts in general, but it lacks the privacy features which I think are essential and are more likely to manifest on BCH, i.e. cash shuffle; something yachtboys would take a keen interest in, esp third worlders who want to hide funds from oppressive governments. It's also not certain if ETH can scale whereas BCH undoubedly can. So I hold both since they are, in effect, the two princes.

>>9432949
Nobody uses Bitcoin, miners angry, bitcoin tanking etc...

>>9433033
>I am fascinated by Vitalik's scaling solutions and smart contracts in general, but it lacks the privacy features which I think are essential and are more likely to manifest on BCH, i.e. cash shuffle;

Zsnarks, ez pz what are you talking about?

>something yachtboys would take a keen interest in, esp third worlders who want to hide funds from oppressive governments.
Like i said in my other replies to the Monero fag, i dont yacht boys who trade OTC all the time and only hold would care about anonymity that much. They hoard thats it.

Third worlders? lol you think they have enough rocket fuel for BCH or whatever, its like you dont want to be rich. Bitcoin was unattractive to rich people and institutions like Goldman Sachs when it was a currency meant for the POOOOOOOOOR hahahahah now that it is expensive as fuck a piece, expensive transaction fees, and advertised as gold 2.0 it suddenly became attractive to them as a financial product.

Plus hoarding is a greater rocket fuel than something spent as a currency which is what Bitcoin Cash is aiming to do.

>>9432940

There are several development teams working on BCH, which you can independently verify by visiting their github repos; there are certainly more than "1 or 2".

As for your comment on missing the next bullrun, you're clearly talking to yourself, since you are apparently not even remotely educated on the subject of cryptocurrency.

>>9433111

>zsnarks

Yes, I am bullish on that as well and I hope they can be successfully implemented by ETH or BCH. I also have Zcoin as a hedge for that. BTC certainly will never have zk-snarks.

And I was referring to rich third worlders, not poor.

>>9433145
>>>9432940 (You)
>There are several development teams working on BCH, which you can independently verify by visiting their github repos; there are certainly more than "1 or 2".
>As for your comment on missing the next bullrun, you're clearly talking to yourself, since you are apparently not even remotely educated on the subject of cryptocurrency.
lol bcash is a joke, stay poor brainlet. the only supporters of bcash are roger ver and reddit fags who dont understand the tech.

scaling by bigger blocks simply does not work. only a retard wouldn't understand that. You can't just keep making bigger and bigger harddrives and faster and faster computers.

>>9433332
>scaling by bigger blocks simply does not work. only a retard wouldn't understand that. You can't just keep making bigger and bigger harddrives and faster and faster computers.

Dont get me wrong i hate Bitcoin Cash but in their defense storage is pretty cheap and hardly anyone runs a full node nowadays unless you are mining Bitcoin or are a developer for something related to Bitcoin.

>>9433193
>what is ZenCash?

>>9433332

>You can't just keep making bigger and bigger harddrives and faster and faster computers.

You mean like... what's been happening since the dawn of computing?

>>9433402

Another one of my holdings. Looks promising but they really need to implement wallet encryption.

>>9433425
>holding zencash too
Why do you have so many shitcoins? I mean i bought EOS at $5 held until $23 then didnt sell then finally sold at $16 but i only did so because i believed they were going to wash trade it with their warchest.

IMO it would be better to just stick with BTC/ETH in the long run.

>>9433551

90% of my portfolio is BTC/ETH/BCH, but I have countless random minor holdings that I've collected over the years. I like everything zk-snarks related as it's cutting edge. I also was mining ZenCash at one point.

>>9432785
t. Newfag

Bitcoin isn't even trying to complete technically. It's the safest and most prestigious crypto i.e. the store of value.
ETH is completely different, it tries to move fast and keeps making huge changes which are inherently risky. At the end of the day, store of value is much more valuable than general purpose computing (which is also easily disrupted by newer / better platforms, unlike SOV that relies more on perceptions than technology)

>>9434321
>store of value