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/biz/ - Business & Finance


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9523960 No.9523960 [Reply] [Original]

Guys crypto is literally a pyramid scheme. Blockchain is a meme.
Bitcoin is useful if it gets adopted around the world. But it’s been so long and nothing happens. Either no one gives a shit or it’s going to take a decade or so.

The use of a “blockchain” is actually a meme. Any time I think of an industry where a blockchain could be used, it’s not DISRUPTIVE per se. It’s actually a hindrance. And the prices are so volatile. How the fuck can I use ETH when the price moves so much. You literally have to cash it out immediately for accounting reasons. Why not just fucking use fiat then?

The only thing good from this whole experiment is the public ledger. And within the US, it doesn’t matter.

It matters between borders I can see that. Well, Ripple has that figured out. So it’s honestly useless.

BTC - valid if world adopts
ETH - here uhhh you can use the token and hopefully figure out some viable business model (you can’t)
XRP- cross border payment

Literally everything else is useless.

The only other thing that works is earning rewards, gamification in crypto. Like games and shit. But really, why not just use fiat?

This whole thing is dumb. If any of you guys have a legit business idea and live in the Bay HMU.

Everytime I think of some SaaS idea with crypto, I realize blockchain isn’t REALLY necessary. A public immutable ledger is a useful addition it seems, but the cost of integrating that isn’t worth it, especially in American society where our laws create fairness

>> No.9523971

nobody gives a shit about 105 iq opinions

>> No.9523972

>>9523960
Go to bed

>> No.9523974

Literally everything else is useless.

>apple makes computers and OS's
>every other tech company is useless
>USELESS

Yeah, who wants choice anyway.

>> No.9523978

So many Crypto is dead/dumb/stagnant threads tonight means one thing...people want you to sell because the pump is coming.

>> No.9523979

>>9523971
>>9523972

Two morons who believe in the muh blockchain revolutions.

Seriously, give me one FUCKING viable disruptive use for this shit. ONE.

>> No.9523986

Pretty much. The bullrun last year had everyone blind due to greed. When you actually take a step back and look at it objectively, it's fucking trash.

>> No.9523987

duh

>> No.9523989
File: 50 KB, 1024x339, 6943418707_bd4dc73d87_b.jpg [View same] [iqdb] [saucenao] [google]
9523989

>>9523979
You have 105 IQ. Nobody gives a shit what you think, you are born to be a late majority adopter because you can't immediately see a use for something.

>> No.9523995

Guys the internet is dumb. There’s no use for it and if there is you can just pick up the damn phone and talk to grandma or walk across the street and eat Totino pizza rolls at jimmys. But it’s been so long and nothing happens. Either no one gives a shit or it’s going to take a decade.

>> No.9524000

>>9523960
I don't disagree with your premise, but
>American society where our laws create fairness
made me laugh because it's just as dumb as people thinking blockchain is useful.

>> No.9524003

>>9523979
Fast inexpensive transactions.

>> No.9524005

>>9523979
waste of time to explain to you, it's like trying to explain nuclear science to a platypus

>> No.9524009

>>9523974
Apple’s tech has nothing in correlation with scam internet meme coins. You can’t draw that correlation.

Look I have coins because I want to make money.

But none of you guys can actually think of a viable use case for this bullshit. You’re just gonna all come together because you’re a bunch of hive minded faggots a little less retarded that Reddit that say it’s the future bro.
Meanwhile, you’re hoping some other faggot will figure it out and you can buy their coin early to dump on normies.

You’re all fucking dumb. Either way, I hope we make money. But it’s a fucking meme. I don’t know how you can’t see that.

>> No.9524013

>mom put the damn phone down. I’m on the internet cuz it’s not scalable
>reeeeeeeeeeeeeeee!!!!!

>> No.9524015

>>9523995
Love how permabulls always compare crypto to the internet to make them feel better. Fucking retards, two completely different technologies.

>> No.9524029

>>9524009
>But none of you guys can actually think of a viable use case for this bullshit.
Again, you are born to be a late majority because instead of actually pioneering a use case, you stomp your feet in a tantrum and DEMAND someone tell you a use case.

You will always be late to everything you do. I hope you understand this.

>> No.9524031

>>9523989
where do you think we are on that picture?

>> No.9524039

>>9524005
No you actually don’t have an answer you just want to feel like you do to validate yourself
>>9524003
Great, one blockchain one will do that. Looks like it’s ripple. What’s the use for the others?

>>9523989
You’re a fucking idiot. Unless you bought BTC in 2011-2013 you’re not an early adopter.
>>9523986
Finally someone with some sense.

>> No.9524046

>>9524039
>You’re a fucking idiot. Unless you bought BTC in 2011-2013 you’re not an early adopter.
I did. You are born to be late majority because you are throwing a tantrum DEMANDING someone give you a use case rather than pioneering one yourself. Crypto is too hard for you, I can tell.

>> No.9524049
File: 71 KB, 645x396, brainlet.png [View same] [iqdb] [saucenao] [google]
9524049

>>9523960
Lol at the brainlet who thinks BTC is a viable world currency.

There is no reason ETH is any less viable. ETH also does something besides serve as meme currency. BTC is going to not even be a top 10 coin in a year. Screen cap this.

Chinese government, all institutions investing in crypto, all realize that BTC is a MEME. The real value of blockchain comes from things like ETH, NEO, XLM, etc.

>> No.9524059

>>9524031
Depends on the coin.

>> No.9524068

Fun fact. Traditional databases are faster, cheaper and more scalable than blockchains.

>> No.9524069

>>9523960
>decentralization is a meme
Nigger take a breath and look around you, everything that's centralized is controlled by people that hate you. The days of free speech on any part of the internet are coming to an end at the same time that socialists and futurists are coming to seize all wealth from the productive in favor of memes like basic income and equal outcomes. If there's a future this is going to be it, otherwise we're going into a dark age.

>> No.9524074

>>9524031

South korea is at early majority already I think. Rest of the world still hardstuck(maybe forever?) at early adopters.

>> No.9524091

Innovators/early adopters I mean

>> No.9524100
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9524100

Phone literally useless back then.
I mean at the time nobody need to talk instantly to another. I mean if i wanted to tlak to Uncil jimmy in frence it would take months to get his reply but i would needed to instantly talk to him that his mom died two days ago right ?

>> No.9524105

>>9524046
Congrats on your luck. Part of that is your blind optimism. But I can clearly see it’s deluded you into thinking you have it all figured out, because you bought some meme coins early that’s accrued in value do to others greed. Yes yes, it’s difficult to others to understand the MUH TECH. When you bought imaginary internet dollars and sat on it. You understand the tech better. Right.
I got in when ETH popped last year on its first run. So yes I am late unfortunately. A year later, it is useless and cryptokitties clogs it. But muh decentralized right bro? The EEA hasn’t done anything with it. Shrimp farming, right bro?

>> No.9524111

Thing is this tech is so weird at least to the normies I know there's a very high propability they will never adopt it. I wouldn't expect the normies to rush in and buy that bag of shitcoins any time soon.

>> No.9524121
File: 7 KB, 235x250, americamutt.jpg [View same] [iqdb] [saucenao] [google]
9524121

>>9524100
>expensive as fuck
>needs special wiring
>no one you know even has a phone
>worthless

>> No.9524135

>>9524069
Yeah I get what you’re saying and I agree. But being libertarian for the sake of it means nothing. If someone shows me an actual usecase that makes sense I will agree. But so far it’s smoke and mirrors. Either we are too early or it’s just a meme and will collapse in a few years
>>9524068
Don’t tell them that
>>9524049
I said valid if world adopts. If they do then I make more money. So I’m HOPING so but we’ll see

>> No.9524180

>>9524039
I dunno. You asked for one. You got your answer, now I get to kick you square in your balls. It’s in the rules.

Buy ripple faggot.

>> No.9524186

>>9524105
>When you bought imaginary internet dollars and sat on it. You understand the tech better.
Considering I've actually contributed to numerous open source projects involving Bitcoin, yes, I do.

Don't project your technical inability onto other people.

>> No.9524198

>>9524068
>some sql code is worth more than 8k$ now.
Damn what has gone into this world seriously

>> No.9524223

>>9524135
Last month someone bypassed Chinese censorship by storing a letter in the Eth blockchain. Which company would you trust not to cave to government pressure in 2018 and beyond?

>> No.9524238

blockchain will be adopted, but cryptocurrency wont

>> No.9524251
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9524251

>>9524238
Cryptocurrency will be embraced by every country which experiences hyperinflation from now until it's been adopted everywhere.

>> No.9524264

>>9523960
It is obvious we're fooling bigger fools to get rich like people before us did . Only dumb people like Indian government thinks there is something revolutionary about blockchain

>> No.9524273

>>9524223
Oh so Eth blockchain become a storage for restricted document right ?
Finally found a place to store my favorite child porn without worrying the fbi will come.
wait, eth blockchain can store vid right ? fuck

>> No.9524293
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9524293

Post coins that you think are gonna actually be used by the masss in your opinion and have actual utility.

Enigma- Private computations

Chainlink- Secure data feeds for smart contractts, can save companies trillions of dollars

RLC- Decentralized cloud computing

REQ- Payment processing decentralized

>> No.9524335

>>9523960

BTC has been very useful for me. I've been using it to buy drugs for 6 years and now recently I have been using it p2p for craigslist purchases. Bought a car last month with crypto. It hasn't been "so long"; most people are stupid as fuck so it takes a long time for useful but difficult to use/understand things to catch on. Often they must be simplified for normies; i.e. apple and windows for computers.

It is no more of a Ponzi than any commodity btw.

>> No.9524343

>>9523960

"laws create fairness"

nice bait

missed it the first time around

>> No.9524344

>>9524273
If you have enough gas you can stick anything you like into Eth's blockchain, yes. There are already CP links in the bitcoin blockchain - don't you remember when it got hard forked and declared illegal all over the world?

>> No.9524345

BCH XMR NEO

>> No.9524364
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9524364

>>9524293
Only RLC is the only one in that list that have an actual partnership.
If i'm wrong, pls give me one partnership from chainlink or eng that isnt just crypto circle jerk annoucing partnership. and their currency will be used to slove real world problem.

>> No.9524373

>>9523979

bitcoin itself you fucking brainlet

how else do we have viable online dark markets that have been operating for years. they didn't exist before crypto and they have revolutionized large parts of the drug game. Pressed pills (especially fake Xanax) have taken over because of crypto.

There is your one.

brainlet

>> No.9524421

>>9524009

p2p conracts are obviously useful. no need for 3rd party to do escrow. that can be fucking huge.

the problem isn't the ideas obviously; the tech and infrastructure just isn't there yet. plenty of shit is going to be coming online.

Poker on a blockchain for example where rake can be virtually nothing; just a small node payment. Government couldn't shut it down and it would be international. If this existed in 2004 it would be bigger than pokerstars.

you are just a small minded parrot with little vision or understanding.

>> No.9524426

>>9524344
tks m8, dont track me from 4chans to report me to fbi i dont hurt kid just pleasure them.

>> No.9524440

>>9524068

obviously?

how well would bitcoin work on a centralized db?

>> No.9524448

>>9524426
Save your shekels and store filth in the testnet where it belongs.

>> No.9524482

>>9524069

this guy is at least 20 iq points smarter than everyone who posted above him.

Biz is one of the dumbest places on the internet. Most of you can't even solve the basic logic puzzles that are posted here. 90% of you would push a button that gives you 1 million dollars rather than a 50% chance at 100 million (50x the value) and to compound that you really believe you will effortlessly flip that 1 million into 100 million anyways through shitcoins or whatever other genius investments you come up with. Most of you really do buy high sell low and put money into the garbage scams people shill you. You are incapable of critical thought. To top it off most of you are ugly unattractive anti social humans. You try to tell yourselves being autistic is cool (even though you aren't even autists; just fucking stupid) in some weird circle jerk where you attempt to validate your lonely outcast existence.

Just fucking kill yourselves; really

>> No.9524491

>>9524105

>because something hasn't happened it can't happen

>> No.9524565
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9524565

You're a fucking retard bro.
Do you even know what smart contracts are or what the oracle problem is?
Kiss my you brainlet.

>> No.9524573

>>9523960
>been so long and nothing happens
It took like 30 years for people to accept cars

>> No.9524574

>>9524565
This shit was so messed up. Still can't tell if it was real or not.

>> No.9524590

>>9524565
>he thinks "smart contracts" are actually useful for anything and don't require 100% cash collateralized txns, which will never happen

let me guess--"the code is the contract"?
fucking kek

>> No.9524614

>>9524590
>rapidly reduces fees and time involved for business and financial agreements
>improves market liquidity and allows for more money to be invested

>> No.9524656

>>9524574
Wow someone else knows the reference

Did it go viral? Barely anyone knew about it from when I saw it

>>9524565

>> No.9524667
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9524667

>>9524656
A nigger killing whites? Not exactly something they're going to keep in the news cycle, anon.

>> No.9524683

>>9524031
Return to the mean

>> No.9524693

>>9524667
Why are you here /pol/?

>> No.9524698
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9524698

>>9524693
To defeat them, you must become them.

>> No.9524784

>>9523960
wow, an actual boomer

>> No.9524792
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9524792

>>9524009
>But none of you guys can actually think of a viable use case for this bullshit.

Ive thought of a few but its in my best interest not to explain. If you can invent the future, you can predict the future. This allows me to buy coins based on concepts I know ahead of time will work.

I found out about Raiblocks when it was pennies this way. I just started googling for terms that I knew would be important and Raiblocks popped right up. It also helped they had a year long coin distribution though.

There are a handful of other coins right now that nobody has yet realized how big they will get. Its up to you to find them first.

If you dont know the computer science behind how blockchains actually work you are wasting your time though. Go read up on the details to gain a fuller understanding of what you are dealing with first.

>> No.9524838
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9524838

>>9524693
I'm not here to talk about race but if the subject comes up I'm always willing to share the truth. This thread was about crypto, remember?

>> No.9524988

>>9523960
who gives a fuck , money to be made

i personally dont find this technology gery interesting either, im just here to make money for real estate

>> No.9525013

>>9523979
When was the last time you did a wire transfer? To do a wire transfer, typically, the customer needs to walk into a bank, fill out a form, pay $25-40 depending on where the money is going and which bank you're in, and then you wait. You may also be declined the wire, say the funds weren't in your account for a sufficient period after a check deposit.

If you're sending an international wire through swift the funds are guaranteed to be at the destination account within 7 days. Domestic wire via FedWire can take up to 72 hours. Good luck with tracking. Using cryptocurrency the funds are delivered in minutes or less and for much cheaper.

>> No.9525108

>>9525013
WU and money gram already did that well without blockchain tho..
Even people in financial institutions said that they dont find anything so amazing about this tech after years of testing.

>> No.9525451

>>9524009
My friend is a notary, and i assure you, blockchain tech is useful. If you are too brainlet to understand, read more instead of shitposting dumb shit.

>> No.9525458

>>9525108
for a fat fee.

>> No.9525569

You forgot the most important point fagit.
undermining the banking establishment.
even if crypto is shit (but good enough that transactions take a reasonable time), and fees are as high as those charged by banks / credit companies, when using crypto you pay fees to miners / stackers, which divides between a lot of people (it the coin is not too centralized).

Banks produce nothing. they make money simply from managing money. they use your money for their investments while paying you near-zero interest. of course, when you need a loan they rob you with interest.
when they screw up they cry to the govt and get tax payer money to save their insitution (and their yachts).

Banking is the most parasitic institution in existence. everything that undermines them should be celebrated, and crypto certainly undermines banks.

>> No.9525651
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9525651

Oh my god... I bought into a scam... You guys tricked me...

My savings... my inheritance... MY MOOOOOOOOOOOOONEEEEEEEEEEEEEEEEEYYYYYYYYYY AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.9526063

>>9525569
>crypto certainly undermines banks
>the biggest cryptocurrency represents bankers' interests and creates special network just for them
that anti banking working quite well kek

>> No.9526353

I have a feeling that OP is trying to shill REQ.

>> No.9526360

>>9525569

https://medium.com/opacity/bitcoin-1537e616a074

>> No.9526894
File: 310 KB, 768x768, hbt-hubii.png [View same] [iqdb] [saucenao] [google]
9526894

>>9523960

you sound AWARE, but you don't seem AWARE enough to invest in HBT
Hubii Core (wallet + exchange) pretty much ready and about to be formally launched in a couple of days

>> No.9526902

>>9525651
My student LOOOOOOANS NUUUUUUUUUUUUUUU

>> No.9526919

>>9526894
Exchange?

>> No.9526958

>>9524293
Funfair might actually make it as well

>> No.9526965

>>9523979
censorship resistant value transfer

>> No.9526975

>>9525569
More than enough wealth for the elite to still be elite and give up control. They don't even want control as it implies responsibility. They want power and freedom.
Customers are like fleas.

>> No.9526988

Asset tokenization will be big

>> No.9527001

>>9523960
just wait until vitalik-kun fully implements casper in 2 years. Then you will see the mass adoption of a 1000x less efficient system than traditional systems because it is "decentralized".

>> No.9527008

coins are just electronic stocks for businesses aren't they? so that they don't have to pay for a seat in a real stock exchange? so then why not look at the uses of actual businesses instead? it's like saying DOW is useless because who buys raw chemicals? other businesses, so in that regard maybe other companies might appreciate btc and whatever more so than a consumer. is this valid?

>> No.9527036

>>9524482

Projection: the post

>> No.9527093

no shit nigger did you realize that after the ICO scams or before????

>> No.9527096
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9527096

>>9524482
*Snaps*

>> No.9527256

>>9523971
fpbp
entire new use cases are made possible with eth right this moment
brainlets who don't understand how the engine in their car works or how the internet functions somehow think they would be able to intuitively grasp the backend problems blockchain can solve
it's frankly hilarious
10 years from now, a sizable part of identification processes will be done over the blockchain and most people will never be aware there's a blockchain involved
developers are literally getting paid 6 figures and businesses are earning 8 figures building authentification solutions, while retards rant against "muh buttcorn" and "public adoption"
and that's one small use case amongst many
blockchain is a meme? try your fucking average life is a meme. whether you work at a mcdonalds, neet it up or graduate college and experience moderate success to the point you end up upper class... you're a meme. you're cattle. there is easier access to information than ever and you choose to remain ignorant
investing in shitcoins might be a gamble, but intellectual stagnation is a guarantee you will remain a victim of forces greater than you

>> No.9528242

>>9524009
Why don't you go back there faggot.

>> No.9528634

>>9524482
This is it. You litteraly just described the absolute state of /biz/

>> No.9528634,2 [INTERNAL] 

there are million of people around the world who remit money everywhere. crypto is easy to use also if you travel a lot you don't have to bring money which is very bulky and dangerous to carry around