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/biz/ - Business & Finance

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11267251 No.11267251 [Reply] [Original]

Finite supply means that when everyone starts dying off and the supply in circulation starts depleting, even though price goes up the incentives to use BTC become more stupid and unreliable.

I'd eventually buy a banana for 0.0000000000001BTC.

>> No.11267261

>>11267251
>>Not understanding that Fate Channels are the future of Ethereum...

>> No.11267272

>>11267261
Meant to post this in the FUN thread but whatever

>> No.11267288

>>11267272
Yes faggot.

>> No.11267301

>>11267251
this guy looks like a retard

>> No.11267315

>>11267301
Pic or me?
Pic related is a confirmed rap autist

>> No.11267364

>>11267251
No one dares answer because everyone low key knows BTC won't function and this was merely a financial experiment that failed. The only people who made cash were the speculators, not the bagholders like you.

>> No.11267457

>>11267301
thats the hottest fucking rapper in the game you dipshit
better show some respect or lil windex will murder you, hes cleaning up the entire rap game right now.

>> No.11267596

>>11267457
Back on topic faggot.
Anyone can actually refute this theory?
Protip, you might.

>> No.11268007
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11268007

No one? Wow.
This market is dead and full of retards.

>> No.11268025

>>11267251
You do realize that old wallets will eventually be cracked, BTC will not be lost forever.

>> No.11268307

>>11268025
So theft. Great.
What a secure currency.
That would also only occur when Quantum computers are rolled out to the mainstream, in a long, long, long time...

>> No.11268342

>>11268307
Quantum computers have no reason to become mainstream.

>> No.11268377

>>11268342
Then the wallets that would be cracked would be done by institutions (still theft) or wouldn't happen at all. Which brings us up again to my main point on this thread.

>> No.11269156

>>11267251
That's part of why it was designed with 8 decimal places

>> No.11269232

>>11269156
We lose about half a decimal place every year because the value keeps going up. So in about six years we won't be able to represent transactions below 1 cent. (not that we can already because of transaction fees)

>> No.11269301

>>11269232
For a SAT to be worth a penny, BTC would have to be worth 1 million. That's fair enough, but even if it happens, it's not designed to be used for trivial transactions like that anyway.

As for transaction fees, the lightning network has been improving these massively. There's obviously the element of centralisation, but as far as things go, it's minimal.

>> No.11269679

>>11268307
I'm just going to say this as a mega chad right now. All of you disgusting niggers who think quantum computers can crack a bitcoin wallet need to get the fuck out of crypto. You haven't the slightest inkling about the technologies or mathematical algorithms involved. You do not belong here.

>> No.11269695

>>11269232
More decimal places will be added. This is not a problem.

>> No.11269720

>>11269301
>if
i think you mean when, anon

>> No.11269789

>>11269720
Don't make me erect sir, I have 13 of those babies and the prospect of 8 figures blows my mind

>> No.11270680

If 0.000..01 btc = 1 banana, then who the fuck cares? Everyone will be rich as fuck

>> No.11270763

Why dont people get that btc usefulness is somewhere between gold and cash. You dont need to be able to buy a fucking coffee to give it use. A third of Korean office workers owned some last year. That IS its fucking adoption u clowns. Its a liquid gold you can keep away from the eyes of the gov and move over borders with it. Who the fuck wants to spend it?

>> No.11270794

>>11268025
U sound like a 22 year old smug ignorant dick. Go back to plebbit and kys.