[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 494 KB, 709x649, Naughty.png [View same] [iqdb] [saucenao] [google]
16420092 No.16420092 [Reply] [Original]

Bitcoin is competitive. It's not about a group of developers all talking to each other, holding each other's cocks in a circle and fucking jerking onto biscuits and eating them afterwards. I'm Australian, that's what circle jerk means and that's what it is
-Satoshi Nakamoto, 2018

Timestamp 15:04
https://youtu.be/vzCrsem5syg?t=904

>> No.16420147

BSV will win because of the profits.
Now is the time to make YOUR biz real on chain!

>> No.16420152
File: 195 KB, 1280x674, 1575117092697_bbf4cc87.jpg [View same] [iqdb] [saucenao] [google]
16420152

>>16420147
/thread

>> No.16420317

>>16420092
craig is very competitive in the fake satoshi market i will give you that.

>> No.16420321

>>16420147
>BSV will win because of the profits.
what profits?

>> No.16420549

>>16420321
Bitcoin makes a tidy profit just from development. That will only grow, because all of the major indicators are in Bitcoin’s favor. All of them.

It’s not like you can just register a domain and start raking in the cash. Sergey getting smartcontracts web site doesn’t mean link will dominate, Bitcoin will do that. I mean Apple had apple site long before Steve Jobs invented the iPhone and they didn’t make shit.

>> No.16420599

>>16420549
>Bitcoin makes a tidy profit just from development.
fuck are you smoking...
>That will only grow, because all of the major indicators are in Bitcoin’s favor.
no they are most definitely not.
>All of them.
only 1 looks bullish but if you put into context it becomes apparent it's a spoof.

>> No.16420681

soon DOUBLE DIGIT SHITCOIN

>> No.16420978

How many pictures does this guy have of himself? Does he just have a photographer follow him around and take pictures in various poses all day?

>> No.16420988
File: 111 KB, 894x693, Hash_collapse_1.jpg [View same] [iqdb] [saucenao] [google]
16420988

>>16420092
>Bitcoin is competitive.
Even with hashrate in a bubble?

>> No.16421009

>>16420978
>Does he just have a photographer follow him around and take pictures in various poses all day?
a whole staff he is like an e-celeb for alt-right brainlets.

>> No.16421976
File: 41 KB, 626x546, bad boy.jpg [View same] [iqdb] [saucenao] [google]
16421976

>> No.16422450
File: 627 KB, 627x620, Satoshi_on_bloomberg.png [View same] [iqdb] [saucenao] [google]
16422450

>>16420978
He is Satoshi after all, history in the making.

>> No.16422750

why do sv cucks insist on building all the self determination on two obvious and outrageous lies:
- craig is not satoshi
- sv is not bitcoin
fuck off!

>> No.16423029

>>16422750
Cope

>> No.16423050

>>16420978
>Does he just have a photographer follow him around and take pictures in various poses all day?
hes got a team of ex mossad security AND a pro fotographer following him around anon, satoshi is not a lightweight

>> No.16423169

>>16423029
that's my point you need to be able to face the true nature of your shitcoin and somehow cope with it.

>> No.16423201
File: 494 KB, 2256x1314, EJ_jQkSXkAAfzvt.jpg [View same] [iqdb] [saucenao] [google]
16423201

>>16423169
How long will core cucks maintain their delusions?

>> No.16423774

>>16420092
Who here thinks he is definitely satoshi? Can anyone recap what happened with his lawsuits etc? didn't have time follow it all myself

I like everything he says when I see clips or video's, however he has made claims a few times that he didn't fulfill. But then the lawsuit is quite interesting that someone could actually a shit ton of bitcoins from him and that there is indeed some evidence, that he was indeed involved early on, and did indeed seem to part of early satoshi.

>> No.16423791

>>16420988
The halving is specifically what BSV is gearing itself for and beyond.

>> No.16423806

>>16423029
This

>> No.16423808

>>16423791
and the halving will fuck sv hardest. ironic.

>> No.16423811
File: 77 KB, 1024x613, 1575042788127.jpg [View same] [iqdb] [saucenao] [google]
16423811

>> No.16423820

>>16423808
Transactions are growing exponentially. SV is in the best position possible aside from it halving earlier than BTC.

>> No.16423908
File: 360 KB, 2256x1314, fixed-it-for-you.jpg [View same] [iqdb] [saucenao] [google]
16423908

>>16423201

>> No.16423917

I'm gonna have 100 bsv. Fuck your 1/21million club. I'm retiring

>> No.16423922

>>16423820
>Transactions are growing exponentially
it's just spoofing before they started sv was at 1% which is about the true adoption and economic use today.
>SV is in the best position possible aside from it halving earlier than BTC.
it's the worst positioned. fees are abysmal. every halving makes sv more expensive and less viable.

>> No.16423938

>>16423922
>fees are abysmal
Transactions are growing exponentially. If you don't get it, I can't help you. Calling it spam is being willfully ignorant or pure cope. You choose.

>> No.16423945

>>16422750
>>16423169
>>16423808
>>16423908
>>16423922
t. Buttcoiner in CY+3

>> No.16424005

>>16423938
>Transactions are growing exponentially
nope. they don't and also it's all bullshit like i said not only it's just garbage and no real adoption it also doesn't sustain miners. bitcoin miners get a few thousand times more from fees than sv miners at the same block size.

sv would need gigabyte blocks to approach btc but that comes with much higher burden absolutely unsustainable and most likely simply not possible in a real world distributed scenario.

>> No.16424048

>>16424005
https://bitinfocharts.com/comparison/transactions-btc-bsv.html#6m
this doesn't look exponential to me btw it's pretty linear with a lot of noise. may or may not have capped also we will see. but sv should already be mining many hundreds of megabytes blocks to even make the case for it's existence. and even that wouldn't be nearly enough to sustain it long term. it's pitiful. truly pitiful.

>> No.16424081

>>16424005
>gigabyte blocks
It would only require like 500MB or so to offset the block subsidy, but GB blocks will certainly do it. I can't wait.

>>16424048
Linear growth on a log chart is exponential. Try clicking log.

>> No.16424113

>>16424081
>It would only require like 500MB or so to offset the block subsidy
doesn't look like it have you looked at the fees in comparison? you need a few thousand times bigger blocks than bitcoins. like 1 to 5 thousand. after the halving maybe twice that.
>Linear growth on a log chart is exponential
look again brainlet that's a linear chart. kek.

>> No.16424139

>>16424113
A 2GB block produces 28 BSV IIRC. A fourth of that is 7 BSV. 500MB by halving ezpz.

>>16424113
>look again brainlet that's a linear chart. kek.
>Try clicking log.

Some people's kids.

>> No.16424147

>>16424139
>A 2GB block produces 28 BSV IIRC
only in your dreams. in reality it would produce around 0.1 bsv based on the fees we are observing.

why would i click log when i want to show you it's a linear growth not exponential? it's a fucking line on a linear chart doesn't get any more linear than that. jesus... have you ever went to school?

>> No.16424163

>>16424147
i predict btc fees will be worth about 20 to 50 thousand times more than sv fees after the next halving anyhow. not long now we will see soon enough.

>> No.16424188

>>16420092
not my satoshi.

>> No.16424239
File: 17 KB, 640x296, 1558886406481.jpg [View same] [iqdb] [saucenao] [google]
16424239

>>16424188

>> No.16424308

>>16424147
>in reality it would produce around 0.1 bsv
Delusional.

https://markets.businessinsider.com/news/stocks/bitcoin-sv-shatters-1gb-block-size-in-testnet-1028226122

Even if 500MB doesn't cover the block subsidy the potential is there and it's completely obvious to those paying attention.

Also did I mention that transaction volume is growing exponentially?

>> No.16424389

>>16424308
>the potential is there
no it isn't simple math:
a unit of space in an unbound block is infinitely cheap.

>> No.16424401

>>16424308
>Also did I mention that transaction volume is growing exponentially?
you did and i showed you that's bullshit. it's completely linear the past 6 months. i also explained why it's inconsequential you just don't listen because this is the only metric you can possibly imagine is bullish for your shitcoin.

>> No.16424495

>>16424308

6GB should conservatively make up for the block subsidy, I don't think this is unrealistic in 6 months. Craig said he plans on getting 22gb blocks just for one business alone with the Genesis upgrade

>> No.16424515

>>16424495

To add to that.. I have a seedbox I pay $30 a month for a seedbox for private trackers, it takes about 40 seconds to download a 6GB tv episode. Miners will have no problem scaling to 100gb blocks

>> No.16424540

>>16424495
>6GB should conservatively make up for the block subsidy
no it wouldn't it would make up for the difference what miners get from fees between bitcoin and sv tho. it would skew favor short term towards sv maybe. but then we would have to see the sv scaling proposal actually works and how. how the network handles that burden... we ain't seen shit just some power point presentations.

if they can sustain a few gigabyte blocks for a year or so it would be slightly bullish for sv. it would be proof that big blocks can also work practically and blockstream was full of shit. my calculations and the evidence from past year suggest this won't work tho. up to you sv cucks to prove otherwise.

>> No.16424552 [DELETED] 

>>16424515
>Miners will have no problem scaling to 100gb blocks
at what time-frame we talking about? next year? you are absolutely full of shit. hundred years from now? maybe.

>> No.16424678

>>16424389
>a unit of space in an unbound block is infinitely cheap
Wrong. Getting transactions in a block isn't magic. Someone provided a service to you for it to get there. You have a complete lack of understanding on this matter and it shows.

>>16424401
It's linear, retard. I've already explained this.

>> No.16424687

>>16424495
That would be amazing.

>> No.16424695

>>16424678
Not linear*

>> No.16424720

>>16424678
>Wrong.
prove it faggot! show me the economic model that makes a piece of infinite worth anything. only finite resources have value. a block that is not full is practically unbound.
>It's linear
that is what i have been saying yes.
>>16424695
lol make up your mind! but it is just look at the goddamn chart i posted it's a linear chart showing a linear line.

>> No.16424758

>>16424720
For starters theres no such thing as infinite blockspace, which is why it's called unbounded. There will always be an upper bound on hardware and software even if the protocol allows for a seemingly infinite size. So like I already said, you don't have a clue on how this works. Even if it were infinite there is still work that goes into creating a block. Only communists work for free and miners are hyper capitalists.

>lol make up your mind
It's exponential.

>> No.16424789

>>16424758
>or starters theres no such thing as infinite blockspace, which is why it's called unbounded
same shit no scarcity in theoretical or practical terms.
>There will always be an upper bound on hardware and software even if the protocol allows for a seemingly infinite size.
and tx count will never reach it so it's purely academic.
>So like I already said, you don't have a clue on how this works.
you think so, but it's the other way around.
> Even if it were infinite there is still work that goes into creating a block.
compared to finding the pow nonce it doesn't even register.
>Only communists work for free and miners are hyper capitalists.
miners will compete with each other to include any tx with fee because it gives them a larger than 0 profit. this drives down the tx fees towards zero. capitalism in a nutshell a completely free (and before bitcoin only theoretical) market eliminates the profitability.
>It's exponential.
it's fucking not. but again we will discuss this in 2020 after the halving you can be sure of that. i will bring it up every day.

>> No.16424809
File: 357 KB, 993x1322, 1575159321861.jpg [View same] [iqdb] [saucenao] [google]
16424809

>>16424687

The math checks out.

>> No.16424815

>>16424147
are you actually special ed?

1 sat/ btye, 2GB= 2x10^9 bytes, = 2x10^9 sats, x10-8 = 2x10 BSV in fees

The absolute state.

>> No.16424820

>>16424789
>this drives down the tx fees towards zero. capitalism in a nutshell
And it's fantastic. I mean I love only paying a tenth of a penny, but the fact it'll be even cheaper at scale gets me more excited. Still not free. When there a billions of transactions happening and I can use an app for a hundredth of a cent I'll remember clueless anons like you who said such a thing would never be possible.

Yep, see you in 2020 as I'm basking in thousands of transactions per second. Can't wait.

>> No.16424828

>>16424495
1GB blocks would make up for the block subsisdy. 625MB for the missing 6.25 and then another 375 will push it in to profitability. That's at current price and hash.

>> No.16424841

>>16424815
i don't see why would there be 1 sat per byte even that's all.

>> No.16424866

>>16424828
bitcoin miner gets about $2000 to $5000 usd in fees sv miner gets $1 on average what the fuck are we even talking about here?

>> No.16424877

>>16424866
>what the fuck are we even talking about here?
BSV

>> No.16424884

>>16424877
but where do you come up with those impossibly optimistic numbers? pull them out of your ass?

>> No.16424888

>>16424884
>625MB for the missing 6.25
>impossibly optimistic

>> No.16424960

>>16424888
no the fees paid for sv block space are impossibly optimistic
you would need about 5-6gb blocks to get the same fees in usd bitcoin miners get

>> No.16424968

>>16424960
and that's fucking nothing btw

>> No.16425020

>>16424960
Okay, BTC fees are 100% reliant on it maintaining an over inflated price. We're still in a bear market and BTCs fundamentals have completely broken down. There is nothing taking this thing higher as it has no utility. It's not even suitable for payments, not even a slight chance of use for microtransactions.

>> No.16425090

>>16424888
btw if you guys can pull 625mb blocks at the halving on average i will be fully impressed don't think you will reach 4mb on average but we will see

>> No.16425141

>>16425020
microtransactions are nice but not essential (especially not onchain) to the value bitcoin brings to the table.

its the only one trustless permissionless publicly auditable ledger that is actually secure. there is no other. its also an unconfiscateable escape vehicle for wealth and a more than great store of value on a 3y period. this is more important than buying coffee with it or to post random bullshit and idiotic memes on a blockchain.

>> No.16425194

>>16425141
Your sales pitch sucks without utility. Those things are great, but if the network can't sustain economic activity it's completely worthless. Microtransactions are a key feature of Bitcoin and a complete game changer in business solutions and monetization.

>> No.16425609

>>16420092

soggy biscuit my favourite game