Historical catalysts. (aka: you're probably a fucking moron).

[Anonymous No.12076894]

>2014
Bitcoin rose to heights of $1,200 due to years of heightened interest from China. Chinese companies and individuals rabidly bought up BTC and established mining operations in hopes of guarding themselves from their own government/currency. Eventually, the demand from China slowed, sending BTC back to $200.

>2017
Several high fidelity cryptocurrency exchanges arose and gave way to a flood of new retail investors. Retail investors were responsible for driving BTC up to heights of $20,000. Eventually, the supply of new retail investors dwindled, sending BTC back below $4,000.

BTC does not rise and fall due to patterns, and it doesn't rise and fall due to halving schedules. It has historically risen and fallen for explicit and observable reasons. So unless you have a specific catalyst in mind for what will drive interest back into BTC to make it reach heights of $100k+, you may as well just exit the market.

[Anonymous No.12076972]

>>12076894
>2019
Bakkt

$10K END OF FEBRUARY

[Anonymous No.12077000]

>>12076894
ok you're kind of retarded for thinking that was the catalyst for 2017. What actually happened is ICO money was raised, ETH soared, normies saw the ICO returns, read into "cryptocurrencies", and bought the main and easiest to understand currency, Bitcoin.

[Anonymous No.12077034]

>>12077000
this prolly

[Anonymous No.12077036]

>>12077000
>It has historically risen and fallen for explicit and observable reasons.
well done, you only corroborated OP's point. you may have identified a different explicit, observable reason, but nevertheless that's what you did.
But you didn't address the point OP was making.

>unless you have a specific catalyst in mind for what will drive interest back into BTC
so, putting aside past trends, what do you think will be the next catalyst?

[Anonymous No.12077040]

>>12077000
More like normies didn't trust tether so they had to buy bitcoin to access their shitcoins.

[Anonymous No.12077059]

>>12076894
>>12077000
future catalysts to look out for (non-exhaustive):
- staking tokens for dividends
- currency crisis in major countries

IMO, the real returns to be had will always be because of Ethereum. You can't have bubbles without a reflexive process, such as the ICO boom. Next reflexive process is probably the demand for staking returns, which will probably cause BTC to rise as well just because more normies will be learning for the first time about "cryptocurrencies".

ETH > BTC in terms of driving the market is the real redpill

[Anonymous No.12077075]

>>12077036
>well done, you only corroborated OP's point
see the post i was typing as you replied >>12077059

[Anonymous No.12077085]

>>12077075
I got it, thanks for your input.

[Anonymous No.12077093]

>>12077059
Interesting stuff. But staking ETH wont come out for 2 years

[Anonymous No.12077094]

>>12077059
to put it clearly:
>POS released
>m-muh dividends
>people buy ETH for dividends, increasing ETH's overall price
>dividends are denominated in ETH, therefore dividends also start to increase
>more people attracted to this, especially boomers
>they buy more
boom. bubble. plus also the backdrop of the upcoming financial crises is very very great for crypto desu

[Anonymous No.12077128]

The catalysts you cited are all just variations of adoption. The question is what will be the next major breakthrough in adoption?

I'd guess the incorporation of blockchain into standard industrial/financial systems. This would likely begin happening in earnest heading into 2021.

[Anonymous No.12077156]

>>12076894
currency crisis all around the globe

[Anonymous No.12077190]

Stop faking statistics by using non-linear axis

[Anonymous No.12077211]

>>12077190

[Anonymous No.12077231]

>>12077000
That's not mutually exclusive with what I said, retard. Retail investors wouldn't have gotten in nearly as hard if exchanges hadn't been raised and marketed in that timeframe.

[Anonymous No.12077250]

>>12076894
'Catalysts' are only the best hindsight explanations we can find that represent the macrocosmic oscillations which govern mass human behavior and price. Btc will continue to pump on its macrocosmic hype schedule regardless of what you think the 'catalysts' have to be, and then a year or two later after it crashes again you'll argue with bizraelis about how there will never be any more catalysts like the ones that you have ad hoc'd into a rationalization for the pump and bitcoin will surely stay crashed in spite of halvenings etc. Get over yourself dude, also, halvenings are extremely important for this process as they line up well with significant advances in technology and adoption due to moore's law. Get over yourself and lurk more friend.

[Anonymous No.12077257]

>>12077231
ok who fucking cares if my point doesn't alter yours, let's talk about the next catalyst you dirty whore. we're here to make money

[Anonymous No.12077283]

>>12077257
I agree. Didn't notice you amended your post by contributing to the topic.

My theory: after a few years of flat movement and a growing perception that BTC has finally been "tamed" and can now function as a form of currency, central banks around the world begin purchasing top cryptocurrencies to hold in their reserves, just as they would hold currencies of other nations. The news of this alone would drive retail demand, while also constricting supply as banks and whales compete to gobble up currencies.

[Anonymous No.12077345]

>>12077250
Might be the most retarded post on this board. Well done.

[Anonymous No.12077353]

>>12077257
Oracles, niche industry adoption due to cost savings from smart contracts, general usability improvements, legitimate competitors to existing business models (cloud computing/storage, advertising, gig economy jobs etc), increased accceptance of a 'deflationary' paradigm, reduced trust in governments, international conflict. There are too many things happening too slowly to pinpoint obvious 'if this then that' catalysts. It's a lot of working parts. Read Life After Google if you want a glimpse of how insanely massive this all is.

[Anonymous No.12077385]

>>12077345
>says an argument is retarded
>offers no argument to support his conclusion
What did he mean by this?

[Anonymous No.12077397]

Specific dapps gain popularity. Mainly gaming and social media. People getting sick of censorship begin a shock and awe style content creation campaign over OOF and crypt based social media. The goal is to make the absolutely most offensive content humanly possible. This will cause a massive schism between old guard social media and crypt right now.

4chan is actually the best place to stage the offensive that sparks such a movement.

[Anonymous No.12077413]

Off was supposed to be ipfs lol

[Anonymous No.12077419]

>>12077000
You have the numbers

[Anonymous No.12077458]

>>12077283
yeah i have a tendency to split up my posts

I think it's more likely that we'll see central banks make a case for setting up mining operations. To buy up BTC would send their own currencies tumbling desu (since it would imply they think BTC is a valid currency, and BTC's entire existence is anti-central banking and whatnot)

[Anonymous No.12077480]

>>12076894
>2014
OP, just want to add, the bull run you are talking about started in March '13. When Cyprus closed the banks & confiscated funds over 100k...Coinmarketcap starts at the end of April...
Not saying you are wrong about China.

[Anonymous No.12077482]

>give me other reasons to buy because there is no interest in hedging against infinite fiat maddof scheme with the unique decentralized unconfiscatable limited in amount asset at any rate

imagine the IQ

[Anonymous No.12077505]

>>12077458
>(since it would imply they think BTC is a valid currency, and BTC's entire existence is anti-central banking and whatnot)

That would likely be one of the public explanations for wanting hold BTC reserves. Central banks would comment that they could lend oversight and guidance to the market to help keep it stabilized and functioning as a currency. Obviously this is totally counter intuitive to BTC's original function, but it's in line with how corporations will purchase their competition.

I think ETH POS dividends driving up demand is a pretty convincing catalyst. There's also ETFs, which would facilitate demand from retail investors the same way exchanges did in 2017. ETH dividends combined with an ETH ETF would be a very nasty combination.

[Anonymous No.12077519]

2014 was mt gox pumping the price before exit scam
2017 was tether doing the same thing

[Anonymous No.12077523]

>>12077385
>Expecting anyone to bother arguing with a retard who unironically believes things go up because things go up XD

[Anonymous No.12077538]

>>12076894

The price went up because the price went up. Price is literally everything. All you have to do is pump bitcoin back to new ATH and we'll get another flood of new people in, mostly those that stayed in the sidelines in 2017.

[Anonymous No.12077546]

>>12077505
>ETH dividends combined with an ETH ETF would be a very nasty combination.
i'm fucking excited for something like that. it's inevitable, really.

>That would likely be one of the public explanations for wanting hold BTC reserves
I can't for the life of me think of how any central bank could efficiently buy BTC in the bulk that they require

[Anonymous No.12077556]

We wait for the market to bottom out. Then we fill our bags. The we begin a meme campaign that pushes the censorship resistant aspect of crypto by making content that literally would have got you banned on competing platforms.

That is plenty to get people's attention focused on dapps. We all get fuck rich as fuck.

[Anonymous No.12077565]

>>12077546
>I can't for the life of me think of how any central bank could efficiently buy BTC in the bulk that they require
OTC of course. Likely directly from large miners or major exchanges. And the true winners would be the company who can convince government institution that they can safeguard their holdings in cold storage.

[Anonymous No.12077573]

>>12077000
this
ETH was an absolutely brilliant con, I wish I had known about it before the pump

[Anonymous No.12077634]

>>12077546
they've been buying otc for years

they will go long with the ETF + bakkt pumps now that they crashed the price with (((futures))

[Anonymous No.12077650]

>>12077634
oh true OTC. Completely forgot. Man we're in for a ride either way

[Anonymous No.12077655]

>>12077519
Isn't it interesting. There are many different possibilities for the rise in price. The only thing which coincided with both suoer-bulls was the halvening. 2021 new ath, sure bet

[Anonymous No.12077720]

>>12077634
I want to believe you

[Anonymous No.12077740]

Is /biz/ getting good again?

[Anonymous No.12077753]

>>12077634
>they will go long

when?

[Anonymous No.12077755]

>>12077740
One can only hope

[Anonymous No.12077756]

>>12077740

When you leave faggot

[Anonymous No.12077767]

>>12076894
>So unless you have a specific catalyst in mind for what will drive interest back into BTC to make it reach heights of $100k+, you may as well just exit the market.
how new are you to crypto bro?

[Anonymous No.12077794]

>>12077740
no

[Anonymous No.12077798]

>>12077523
>he can't intuit the momentum of technological and social change
Sorry for your myopia

[Anonymous No.12077868]

>>12077040
Normies don't understand Tether and think it is real USD. They merely bought all these shitcoins from the ICO frenzy along with Bitfinex artificially raising prices with Tether.

[Anonymous No.12077894]

>>12077556
That's me, not pretending to be someone else. posting on the phone.

>>12077740
No, they are all blind and stupid talking about institutional money and hoping for big bank and gobermint gibs. The only true catalyst for crypto in the next bull will be dapps. This is a sour spot for many people because it means POW coins and

And dapps will have to be sold to people by showing that you cant be banned or censored from the social media while still being able to monetize. Start generating content that causes huge amounts of drama. Realize that nobody can censor it. Content continues to come out pushing the bar further and further causing a shit storm of epic proportions.

Attention wont be able to leave crypto as it just decimates the media with endless waves of highly offensive content nobody can do shit about. It sells the product to people as they realize how effective it is at maintaining freedom of speech and it also spawns endless waves of new memes.

The reason I think this obvious angle is not being pushed is because people are desperately looking to dump their BTC bags rather than actually figure out where the technology is going.

[Anonymous No.12077896]

>>12077505
Can someone tell me more about ETH dividends?
It means basically mining will stop, and just from holding ETH you can make passive income? When will this happen? Will it certainly happen? How much money could you make? Will it require you to hold a lot of ETH, like is it pointless for poorfags to try to accumulate ETH for this?

[Anonymous No.12077922]

>>12077894
>This is a sour spot for many people because it means POW coins and coins that cant run dapps are kinda fucked. They would prefer to keep selling btc like it still matters.

[Anonymous No.12077924]

>>12077896
Yes. ETA 2 years. Yes. Probably 5% or less a year (in ETH). 32 ETH seems to be the number floating around but there will probably be pools for those with lower amounts.

[Anonymous No.12077964]

>>12077894
>Realize that nobody can censor it.
Your gov could declare it illegal, any ISPs that detect activity of this type will report it, you'll then be monitored and get fucked bc it is illegal.
Torrents aren't censored but it doesn't mean people never get fucked from them.

[Anonymous No.12078086]

>>12076894
https://en.wikipedia.org/wiki/Occam%27s_razor

[Anonymous No.12078175]

>ITT: Eth eternal bag holders have taken over this thread

[Anonymous No.12078246]

>>12078086
lol, the halving was driving the price while it was determined on the supply side but now it is the demand side determining the price (more like the lack thereof)

It is also the reason why mining price and selling price decoupled not long ago. Sorry but, unless something occurs to actually modify the supply, price movements will be mainly determined by the demand from now on. In other words, either you can think of a reason why more people would want to buy BTC or you might as well sell right now instead of praying that the halvening does anything because it won't.

[Anonymous No.12078250]

>>12076894
suuuuure mate, the billions tether printed had fuck all to do with, right?

[Anonymous No.12078368]

>>12077964
>Your gov could declare it illegal, any ISPs that detect activity of this type will report it, you'll then be monitored and get fucked bc it is illegal.

Yeah, that wont happen unless you do actually illegal shit though. I am not talking about that. I am just talking about controversial stuff. If all you do is endlessly trigger the masses with them having no real way to fight back and they have no hope at all to find an attack vector then its plenty.

[Anonymous No.12078388]

>>12077000
This...sorry OP youre trying too hard to sound smart

[Anonymous No.12078572]

>>12077000

Normies are retail investor actually. Your point certainly is more accurate but the massive greed from normies did pop up the price.

[Anonymous No.12078863]

good thread 10/10

[Anonymous No.12078904]

>>12078572
Early 2017-mid 2017 was ICO money + Bitcoin money flowing into Ethereum because of the winklevoss rejection. News of the returns hit the mainstream and normies (since they're slow) looked into it later on in the year, and that was the massive pump. But there would be no pump without the ICO feedback look. I agree though, normies make things more violent

>>12077896
>It means basically mining will stop, and just from holding ETH you can make passive income?
Mining == validation. POS will still have validation. instead of investing in super-hardward, you just put the money into a security deposit
>holding ETH you can make passive income?
you need to stake ETH, meaning you won't have access to the funds for the staking period. But essentially yeah, you get passive income if you do this.
>When will this happen? Will it certainly happen?
Next 2-3 years, which isn't that long. Yes it will certainly be attempted. It's looking like it will actually work since researchers like Vlad Zamfir have written actual proofs of this which IMO are valid
>Will it require you to hold a lot of ETH, like is it pointless for poorfags to try to accumulate ETH for this?
The number is 32 ETH, and It's not going to change. Even if you can't accumulate 32 ETH, you can stake with a staking pool. NBD. You won't get as high a return but it won't be terrible and you don't have to be the one to tend to the node all day everyday. Accumulating ETH is unironically the best guaranteed play in crypto. Next would be BTC itself.

>>12078572
did you even read what I said?

-------------------------------------

all in all, boys it's been a pleasure discussing and memeing crypto with you. I will for sure remember this shit for the rest of my life.

Promise me this: if 4chan gets shutdown, and /biz/ get's rich off of LINK and others, we should hire developers to build a 4chan-like DApp with something like Storj/Filecoin/Siacoin/IPFS.

4chan literally runs shit. There is power in the NEETs!

[Anonymous No.12079470]

kek, some people are so naive.

We look for reasons after the price movement. Technicals are almost all that matter, technicals "and" (they are the same thing) human mass psychology.

[Anonymous No.12079512]

>>12076894
Yes because normies in advanced countries will collectively pour 500 billions in a digital currency. You're a moron.

[Anonymous No.12079596]

>>12077059
Doesn't chainlink also have staking? I know link is meme'd hard but the usecase is a very important one and it has staking.

[Anonymous No.12079607]

>>12077094
Crypto is an extremely volatile asset...why would a financial crisis be a good thing for crypto? If anything, during a financial crisis, something as volatile as crypto will probably be the first to tank even harder than it is now.

[Anonymous No.12079638]

>>12076894
2020 italy going bankrupt like greece only it's gonna be worse.

[Anonymous No.12079643]

>>12077655
Isn't the next halving in 2020? Why 2021?

[Anonymous No.12079674]

>>12078904
Your opinion on a portfolio consisting of btc, eth, link? Should I drop btc and just focus on eth and link?

[Anonymous No.12079770]

>>12077093
You say this like it's a bad thing...2 more years of accumulation.

[Anonymous No.12080241]

>>12077397
this.

[Anonymous No.12080557]

>>12079607

Stablecoins. Buy ETH & DGX, stake in MakerDAO, issue DAI, lend to whales on Compound, use profit to increase CDP position, repeat cycle. Nearly 2% of Eth is now in MakerDAO CDPs doing just this, and once multicollateral drops (meaning we can finally use DGX - the Gold pegged stablecoin) it'll explode further. MakerDAO are also intending to try and find a way to allow Eth staking inside a CDP. Secure store of value, profits etc during a global recession? You tell me anon, think that's valuable to anyone?

[Anonymous No.12080606]

>>12079512
10 billion worth of fiat can pump the market cap past 1 T

[Anonymous No.12080756]

>>12077000
i think it was in this order in 2017

1. Bitconnect got normies into the game with 1% daily compound passive income. Bitcoin begins to rise in early 2017 because of this.

2. Normies start seeing insane returns on shitcoins like TRX and XVG in late 2017. They started buying more and more shitcoins via Bitcoin.

3. Normies start seeing insane returns on ICOs in late 2017, and start buying ETH to throw at ICOs. ETH begins to rise in late 2017 because of this.

4. 2018 Bitcoin crash, ETH crash, ICOs crash and normies lose all their money

[Anonymous No.12080776]

i agree. normies love passive income. getting money for doing nothing. luv luv luv

ETH staking will start the new bull market once normies find out how much they can make with staking.

[Anonymous No.12080800]

What happend

[Anonymous No.12080820]

>>12076972
OTC

[Anonymous No.12080840]

>>12077546
Well arent you a bunch of retards, if anyone from central banks is thinking of buying btc, theyre doing it now and will continue as it falls to 1k

[Anonymous No.12080925]

>>12080756
no that's not exactly what happened

1 btc clearly bottomed in 2015

2 2016 peoples saw eth as btc 2.0+ and bought it with btc rising price for both eth and btc

3 2017 real start of the bull run fuel by the wanacry malware giving media attention to btc

4 in December after btc pumped people started realising all these shitcoin were still super cheap and rising like crazy and bought them

5 btc is super slow and whale need a way out from binance / bitrex to coinbase / bitfinex so the buy eth and eth reach ath ( that was confirmed by the volume of eth transferd from binance to coinbase )

6 not enough buyer to absorb the massive flow of ico/eth/bitcoin whales dumping and everything start dumping > snowball effect as normie quickly start to be in the red and sell

the rest of the moves was dictated by bitmex fucking both long and shorts

[Anonymous No.12080948]

>>12077740
/biz/ was never good

[Anonymous No.12080971]

>>12080557
Or just buy a tangible asset of some kind as opposed to the gibberish you just vomited

[Anonymous No.12080992]

protip for you retards when everyone is onto something in trading the contrarian event always happens. Now that everyone and their mothers is following this log memechart all that tells me is that this shit is going DOOOOOOOOWN

wake the fuck up sheeple

[Anonymous No.12081067]

>>12077753
>when
nobody knows when, but we know it will happen

we as in high IQ fundamental analysis

[Anonymous No.12081144]

>>12076894
>it's another fortune teller makes wild predictions thread

I'll only offer this as a rebuttal: Decentralized exchanges, Dapps, and smart contracts are what's going to bring hype back into the market. That's just conjecture though because I'm aware of the fact that I can't tell the future

[Anonymous No.12081160]

>>12081144
More simply, your just an ETH bag holder

[Anonymous No.12081172]

For bitcoin to reach $100k, it has to solve its scaling problem. Every time bitcoin gets more users and the price skyrockets, the fees blow up and nobody uses it, and consequently, everybody starts withdrawing and bitcoin's price is back to square one.

What kind of shitty software LOSES economy of scale?

[Anonymous No.12081179]

>>12080557

Eth lost 95% of its value, cryptoshills are truly delusional.

[Anonymous No.12081197]

>>12081160
I wish i had an ETH bag
I might actually have money then

[Anonymous No.12081198]

>>12081172
Lightning network, BAKKT

[Anonymous No.12081211]

>>12081172
Wrapped BTC is the solution.

[Anonymous No.12081231]

>>12076894
>unironically using muh china as an argument
>calling others morons

jesus christ dunning-kruger much?

[Anonymous No.12081451]

>>12081231
This, OPs retarded

[Anonymous No.12081596]

>>12079607
>Crypto is an extremely volatile asset...why would a financial crisis be a good thing for crypto? If anything, during a financial crisis, something as volatile as crypto will probably be the first to tank even harder than it is now.

Stable coins are kinda fucking this up in a way though. ETH right now may be one of the greatest stores of value in the world as it has native stablecoin tokens you can swap to on a dex. It feels kind of too good to be true and I wonder if many people have been thinking about this. Its basically the Trezor locked in value meme became fucking true.

Imagine if Gold and Silver had a button built in where nobody can stop you from pushing it at any time to switch between USD vs Gold.

> Ah fuck it I feel like the value is good right here. 25 cent transaction later and...

Crypto is becoming kind of a broken gameplay mechanic.

[Anonymous No.12081664]

>>12081172
>For bitcoin to reach $100k, it has to solve its scaling problem. Every time bitcoin gets more users and the price skyrockets, the fees blow up and nobody uses it, and consequently, everybody starts withdrawing and bitcoin's price is back to square one.

There is another scaling problem that I think people need to begin paying attention to. When the value of XRP reached 3 dollars the CEO of Ripple become one of the top 5 richest men on earth. Right?

So if Bitcoin goes up to 20k again this jackwad is going to be top 5 richest person on earth again right? Ok, so XRP reaches 5 dollars and now hes what, rich compared to the top 5 richest men to ever live? 10 dollars and this fucker is basically tower over the richest men on earth to a point WHERE THEY ARE NOW FUCKING POOR COMPARED TO HIM.

How Rich does this guy actually need to be? Does it actually seem right to you that this fucking guy will make Bill Gates look like a fucking bum on the side of the street corner? The Brad effect shows that maybe shits not going to really go that much further unless we think its cool to make this one dude that fucking wealthy.

Brad scaling... This is an indication that Bitcoin may not be following the same pattern anymore due to basic realistic expectations. Either that or Brad here is basically going to have enough wealth at his disposal to do god knows what with...

[Anonymous No.12081702]

>>12081144
We have enough hype anon. That's all this shit is, hype. We need adopters.

[Anonymous No.12081747]

>>12081664
Fuck! its Chris Larsen not Brad. But my point remains.

[Anonymous No.12081772]

>>12077059
based

[Anonymous No.12081815]

>>12077740
Ripple is a copy?

[Anonymous No.12081863]

>>12078246
you're a retard and a financial illiterate

[Anonymous No.12081868]

>>12077922
implying PoS can be decentralized enough to maintain censorship resistance
good luck with that

[Anonymous No.12081876]

>>12081172
Lightning network, bakkt, plasma. Im assuming all 3 will come at the same time

[Anonymous No.12081885]

>>12078246
I agree with this. Halvening js priced in now sonce everyone knows about it. Why would it randomly jump when everyone knows it will happen?

[Anonymous No.12081901]

>>12076894

agreed. retail investors who were curious about the bitcoin buzz have already entered and exited.

Bitcoin is a financial dead end in terms of quick gains.

Its pretty much over and I do not see any future catalyst for cryptocurrency. Blockchain applications perhaps.

[Anonymous No.12081908]

>>12081868
Its already proven. You can do us all a favor and prove me wrong RIGHT NOW anon. Just do it. As long as its not illegal, you can be 100% consequence free and profit from donations / upvotes including video hosting IPFS.

I mean if you want to you can make me look like the biggest fool on biz by somehow getting banned off of a crypto based page without doing obviously illegal shit.

[Anonymous No.12081945]

>>12081868
Oh and POW coins can totally do a social media platform. Its slower and the cost to post is up front but it actually works fine. Look at memo.

Someone can and probably should just make a ETH twitter. No loom no scaling solution. Just twitter on ETH and say fuck it. It would be fine for doing this kind of shit. BCH has Memo and that shit works fine.

[Anonymous No.12081950]

>>12081664
blame the retards who actually bought ripple, ETH, and any other centralized ICO pre-mined scam
it's hard for the average person to determine why bitcoin is valuable so they think they get a better deal buying some centralized knock off scam shit making the creator rich

[Anonymous No.12082028]

>>12081950
>it's hard for the average person to determine why bitcoin is valuable so they think they get a better deal buying some centralized knock off scam shit making the creator rich

Actually the problem is a lot of you guys are trapped in a rut when it comes to actually understanding what the technology is good for. Most of you get stuck on the concept of decentralization in practice vs decentralization in concept. Dapps platforms have bottlenecks here people, maximum decentralization is not possible for social media, its not even 100% desirable either. But even in its watered down state its HEAPS better than the shit show we have now where Sargon can be banned from fucking Patreon randomly. An ETH based Patreon is infinitely fucking better anyway. Undeniably so, especially with its native stable coins.

That's why you get so fucked up when a coin like XRP shows up into the market. Most of you are still confused about something like EOS or TRX. You gotta look at shit from a wider perspective and actually figure out what the fuck this shit actually does.

I should literally not be the only fucking person on here who keeps trying to explain why social media is cryptos strongest use case. Its a direct path to promotion done in such a way that compliments the medium while also being absolutely unavoidable due to the controversy. 4chan and its ever present army of weaponized autists would be completely unhinged if they combined powers with crypto social media. This is an obvious truth.

[Anonymous No.12082041]

Unavoidable promotion is a perfect catalyst for next generation dapps platforms.

[Anonymous No.12082068]

>>12076894
>Retail investors were responsible for driving BTC up to heights of $20,000
Nice bait

[Anonymous No.12082110]

>>12082028
it might be a good idea, go for it
I see you keep mentioning stablecoins, they sound cool but would need to be audited often

what do you do when vitalik uploads his child porn stash onto the platform?
jannies are bias and weak but they do provide a service
I don't know if 1 decentralized media platform is ideal, I would think several would make the most sense kind of like a reddit front page compared to a mix of several subreddits

[Anonymous No.12082215]

>>12082110
>what do you do when vitalik uploads his child porn stash onto the platform?

Thats the main problem we face with total decentralization. There is only two solutions and its highly debatable which one is.

In the case of STEEM and EOS they can use a consensus model to stomp shit like that out. ETh has no such system thus it causes issues.

The other method is something called delegated moderation. Its the Method being employed on Novusphere but can also apply to ETH and can work pretty well. This is where you choose people who you want to look at posted content first and they flag it accordingly so you can avoid bad shit.

I have not seen how well this works yet but I think its better for coins that have no on chain governance model.

>>12082110
>I don't know if 1 decentralized media platform is ideal, I would think several would make the most sense kind of like a reddit front page compared to a mix of several subreddits

Agreed. So my thinking on this is that before we can really pull the trigger on this kind of idea, we need to make it so a single platform can allow as many coins as possible to all intercommunicate. So like if someone makes a post on ETH another person can respond to that post using TRX and NEO at the same time. Another guy responds with BTC ETH and LTC. Signing the same transaction on multiple coins at the same time in response to posts made on other coins. Some stoner dude responds using Doge.

That's the ticket. All we need is a proper protocol/syntax agreed on then a glorified block explorer made to look like reddit or facebook and you are golden. Open source so everyone can make their own version if they want.

If that's achieved then we drop the absolutely unstoppable meme bombs on the normies from orbit until they capitulate. This kind of shit can easily spark a bull run, it could easily spark mass adoption honestly.

[Anonymous No.12082287]

>>12082215
that's a neat idea I like it

[Anonymous No.12082328]

>>12082287
This is the first time anyone I have explained this to actually gets it. The next catalyst can be something we force to happen. The hardest part is getting dapps devs for many different coins to come together.

I wonder how much it would cost to freelance coders to get things rolling.

[Anonymous No.12082433]

>>12077397
Facebook has private groups where if you report the post you won't get banned, just maybe if it's really bad you'll be booted of the group. You can post anything in those groups. Until FB starts cracking down on the groups, the anonymous social media won't gain popularity

[Anonymous No.12082478]

>>12082433
>the anonymous social media won't gain popularity

Its optional for the most part. Crypto seems to be more opt in than other options. You can be anon or you can be a trips fag. its all the same.

[Anonymous No.12082515]

Threads like this are how you know the bull market is unironically around the corner

[Anonymous No.12082557]

>>12082515
Pleaz saar, can I haz a lambo?

[Anonymous No.12082618]

>>12077000
This, newfags caught hype via here/reddit etc, then some mainstream bus/finance outlets, then MSM.
Winning strategy is to wait until the market starts turning upwards, get in, meme the rise into mainstream blogs and then wait for widespread MSM mania to cash out to normies.

[Anonymous No.12082638]

>>12082618
Sounds a lot like a ponzi scheme.

[Anonymous No.12082701]

>>12082638
Crypto is just about scamming idiots at this point. Baffling them with a bunch of vague bullshit about blockchain being the "key to the future, blah, blah, blah", "People will be happy to sell you food for shitcoins in the post-apocalypse" buy muh coinz plz.

[Anonymous No.12082709]

I'm just waiting for McAfee's Meaty Member Meal at the end of 2020.

[Anonymous No.12082756]

>>12077740
no heres why
>>12081067


^this post made me
>google john nash
>then google jennifer connily
>jennifer connily nudes from addiction movie
>gotta jackoff
4 degrees to jerking off with J Nash

[Anonymous No.12082765]

>>12082756
>saw suggested searches
shit 5 degrees...

[Anonymous No.12082901]

>>12076894
>Bitcoin rose to heights of $1,200 due to years of heightened interest from China
>what is willy

[Anonymous No.12083160]

>>12082701
>Crypto is just about scamming idiots at this point. Baffling them with a bunch of vague bullshit about blockchain being the "key to the future, blah, blah, blah", "People will be happy to sell you food for shitcoins in the post-apocalypse" buy muh coinz plz.


This wont work when dapps get more popular. At that point it will be more like pre-sales on video games or people losing interest if they cant do something with it RIGHT NOW.

[Anonymous No.12083171]

>>12076894
>Bitcoin rose to heights of $1,200 due to years of heightened interest from China.

T:Your ass

>Several high fidelity cryptocurrency exchanges arose and gave way to a flood of new retail investors. Retail investors were responsible for driving BTC up to heights of $20,000.

T:Your ass

How does it feel to rip stuff out of your ass and think you're a genius.

[Anonymous No.12083246]

>>12079607
>why would a financial crisis be a good thing for crypto?

Currency crisis would because Bitcoin has inbuilt trust in it unlike FIAT when it starts to collapse.

[Anonymous No.12083259]

>>12083160
Why will average dapp become popular? All morons care about is simple user experience. Why does decentralisation matter to the average idiot? Because that's the app user base.

[Anonymous No.12083272]

>>12080606
elaborate, NAOW!

[Anonymous No.12083291]

>>12077283
>after a few years of flat movement
Literally a pattern

[Anonymous No.12083297]

>>12083259
>Why does decentralisation matter to the average idiot?

Way harder to demonetize
Way harder to Ban people
Way harder to censor
Way harder to control the narrative
Way harder for corporations to force ads down our throats
Possible to maintain profits without ad revenue
Possible to actually be anon and accept donations and monetization.

> Because that's the app user base.

Crypto has insanely shit UX design right now so we have to improve on this. But decent UX design, no focus on one coin, and the above benefits. Its obviously a good idea and we can time things so anons here benefit by filling bags before starting the war.

[Anonymous No.12083389]

this was the first good thread we've had in a REALLY long time, good job boys, proud of you all

[Anonymous No.12083479]

an actual discussion on /biz/ well done.

[Anonymous No.12083513]

>>12076894
>Not realising BSV is the real bitcoin

[Anonymous No.12083556]

>>12077000
>t. Npc

[Anonymous No.12083808]

>>12083297
>Way harder to demonetize
Exchanges shutdown and exit scam

>Way harder to Ban people
>Way harder to censor
Exchanges and crypto communities can ban people. Banning is censorship.

>Way harder to control the narrative
Blockstream is already doing it in their community.

>Possible to maintain profits without ad revenue

Network is maintained by charging transaction fees.

>Possible to actually be anon and accept donations and monetization.

The government is already working on tracking crypto users:
https://www.ccn.com/the-u-s-government-has-spent-millions-trying-to-track-cryptocurrency-users/

>Crypto has insanely shit UX design right now so we have to improve on this.

Even after 10+ years, the UX is shit. This says a lot about the intentions of the crypto developers.

[Anonymous No.12084228]

I love you guys, I hope you will all make it. God I'm so glad all the trash retarded normies left.

[Anonymous No.12084259]

>>12076894

you are a very very dumb person

[Anonymous No.12084281]

>>12081664
Except if he sells all his shit he won't get anywhere what you think his worth will be.