/biz/ - Business & Finance

[Anonymous No.11017839]

>block rewards run out
>fees need to increase as a result to compensate miners for confirming transactions
>it will cost $1000 to send a $100 transaction

bitcoin is a fucking joke. i'm selling this garbage. stable coins are the future of crypto, if there is any future at all.

[Anonymous No.11017855]

>>11017839
>a 0.0005 btc fee will be worth 1000$
yeah you should totaly sell this piece of shit and absolutely not have 21 BTC in cold storage

[Anonymous No.11017856]

We know. But corecucks are newfaggs that don't understand this and are getting fooled into thinking it's better to just own an IOU and make transfers through that (AKA lightning network)

[Anonymous No.11017857]

>>11017839
ok here's the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.
Craig stumbled into creating the AI after he stepped away from bitcoin devlopment in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would 'evolve' the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.
Blockstream (owned by bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi's AI (her named isTulip by the way). They started by limiting the blocksize and removing critical op codes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.
Back to hash power - CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BCH leaving the segwit chain hard frozen.

[Anonymous No.11017923]

>>11017857
that's not a blackpill it would be awesome if true

[Anonymous No.11017936]

Ok, brainlet.

[Anonymous No.11017958]

>>11017857
How do i profit off of this?

[Anonymous No.11017990]

>>11017839
You should've sold in December.

[Anonymous No.11018001]

>>11017857
I remember this was floating around when litecoin was first made. Holyshit, unless you actually have proof shut up.

[Anonymous No.11018011]

>>11017857

[Anonymous No.11018021]

>>11018001
Go suck some more blockstream cock you faggoty psyopped cuck

[Anonymous No.11018029]

>>11017958
Long bcash short BTC
>>11018011
Really makes one think
>>11017923
Blackpill for corefags

[Anonymous No.11018042]

>>11017839
Read this: >>11017855

There exists a transaction fee market on BTC. If you are positing that transactions will cost $1000 that means that Bitcoin is so valuable that people are literally willing to spend $1000 to write to the blockchain. Fucking retard.

[Anonymous No.11018469]

>>11018042
Doesn't work when difficulty keeps increasing

[Anonymous No.11018514]

>>11017857
>AI living on the bitcoin blockchain

[Anonymous No.11018541]

>>11017839

>block rewards run out


You're worried about 2140?! KEK

[Anonymous No.11019083]

>>11018469
Difficulty readjusts along with advances in computing power/efficiency... if difficulty keeps increasing it means that either more people are mining Bitcoin, or miners are getting high hash rates for the same energy costs

[Anonymous No.11019701]

>>11017839
>he thinks mining cost is fixed
lmao apex brainlet