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/biz/ - Business & Finance

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18311967 No.18311967 [Reply] [Original]

Why didn't /biz/ explain it to me from the beginning what it meant?!
This shit right here is revolutionary, it's fucking amazing!

>> No.18311978

buy before its too late

>> No.18311979

>>18311967
Btc is shit dude. Chainlink is the real thing

>> No.18311990

>>18311967
welcome

>> No.18311998
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18311998

>>18311967
so you were buying bitcoin without knowing what it was?

>> No.18312001

>>18311979
You are such a faggot LMFAO
Do you understand what Bitcoin means?
If you did, you wouldn't talk like this.

>>18311978
Well, believe it or not, i am already into it, God damit.
It was instintive, man.
Like Schopenhauer said:
>All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

>> No.18312012

>>18311998
Fuck, how the hell was i supposed to know?
Besides, it's all a bunch of bs anyway.
But it's really really "redpilling", there is no better term for this.
It's almost as if Bitcoin is the door to the final redpill.

>> No.18312017
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18312017

>>18312001
Would Shopenhauer have been a bobo or a mumu?

>> No.18312019

>>18311967
I'm curious OP, what does Bitcoin mean to you?

>> No.18312034

>>18312017
Shopenhauer would have laughed his ass off at the notion imo.

>>18312019
It means that it's amazing, and i ll leave it at that.
I got old people to look after, man.
Figure it out.

>> No.18312039

>>18312019
He found out that you can buy neg hol poz'ing on the darkweb with it.

>> No.18312044

>>18312012
>Fuck, how the hell was i supposed to know?
bitcoin exist since 2009 ....
you're buying something of which the price has gone up 1 000 000 000% since it's creation btw

>> No.18312054

>>18312044
Checked, but you are a massive faggot.
Who cares about the price, you KNOW what i mean.
This shit is a miracle by itself.

>> No.18312057

>>18311967
buy btc & eth & gold

>> No.18312067

>>18312012
It is basic common sense to study and learn the thing you're buying before putting your money in...

>> No.18312081

>>18312067
You are such a faggot!
You know that normal people don't even THINK about the implications here!!

>> No.18312084

>>18312039
jej

>> No.18312086

>>18312054
>Who cares about the price,
so you only care about the slow antiquated "currency" used for nothing but speculation that is bitcoin ...
ok then ...

>> No.18312097

>>18312086
What can i say, i'm amazed by what words typed on a piece of plastic can do.

>> No.18312115

>>18311967
new faggottry: the thread

>> No.18312120

>>18312086
By the way, if you say that you don't understand Bitcoin.

>> No.18312142

>>18312044
People used to throw away oil and now half the world runs on it.

>> No.18312150

>>18312115
This

>> No.18312169

>>18312142
This.
But i actually figured it out what it meant once (or twice, idk) before, but i got scared or i was so stupid as to forget it.
So, yea, i'm kinda retarded.

>> No.18312179

>>18312120
you bait isn't even funny

>>18312142
I would agree if BTC was the best coin out there, but it simply isn't

>> No.18312212

>>18312179
>you bait isn't even funny
Legit not baiting.
I'm talking about the implication of bitcoin.

>> No.18312234

>>18312081
For this, you have to know what P2P is, and used it. If you used a lot of P2P networks since the beginning, you know better what it is, and it's potential, which goes way beyond bitcoin. P2P could literally replace the State in the future. Also, you need to understand what gives value to something, and this, many don't understand, or don't want to understand.

>> No.18312259

>>18312234
I'm into IT, but not competent enough to use P2P networks.
All i know is that thye nature of gold and bitcoin are very similar in my opinion, and that i think it's a shame that those people who understand the implications reject it.

>> No.18312271

>>18312012
>door to the final redpill
A decent number of us came here directly from /pol/ after the 2016 elections

>> No.18312285

>>18311967
https://m.youtube.com/watch?v=jfx7PnMtCeY

>> No.18312306
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18312306

>>18312039
>neg hol poz'ing

>> No.18312310

>>18312285
Uuuu, spooky!
Did you see those symbols?
They are intimidating, man!

>> No.18312341

>>18312306
So, you think goatse needs adult diapers now, or did getting in early on crypto provide him with enough money for a bionic sphincter?

>> No.18312523 [DELETED] 

>>18311967
When I learned about bitcoin, I though this thing was really cool.
You could take your entire net worth with you, even millions or billions, memorized in your mind if you wanted to.

And you could withdraw it anywhere in the world, without needing any ID bank account, even if every account you have is frozen, or even if you had a brand new identity with no documents. All you literally needed was a single device to sign/send transactions, like a smart phone, or a hardware wallet you could use at any internet cafe.

Doesn't come with the problems of having to hide, carry, or transport huge piles of gold, or problems with doing that with huge stacks of cash, like civil asset forfeiture, or how Escobar had rats and other insects eating bills, or the problem with bank accounts where they can be frozen (like how Pacquiao didn't even have money to eat when the tax bureau loved into his taxes and froze all his assets).

I was a Bitcoin maximalist, because I thought if Bitcoin could be obsoleted, then that makes it worthless for the purpose I stated above, since a store of value that could be obsoleted, like Windows, going from 98 to XP to Vista to 7,8,10... it would be ridiculous and would kept getting replaced. If it was gonna serve this purpose, it cannot ever be obsoleted.

But then it falls 50% in one day...
that has completely shattered my confidence in this thing. It can't serve that purpose if it can do shit like that. I'm completely torn now, I wanna believe in it, but that shit was stupid af.

>> No.18312552

>>18311967 (OP)
When I learned about bitcoin, I though this thing was really cool.
You could take your entire net worth with you, even millions or billions, memorized in your mind if you wanted to.

And you could withdraw it anywhere in the world, without needing any ID bank account, even if every account you have is frozen, or even if you had a brand new identity with no documents. All you literally needed was a single device to sign/send transactions, like a smart phone, or a hardware wallet you could use at any internet cafe.

Doesn't come with the problems of having to hide, carry, or transport huge piles of gold, or problems with doing that with huge stacks of cash, like civil asset forfeiture, or how Escobar had rats and other insects eating bills, or the problem with bank accounts where they can be frozen (like how Pacquiao didn't even have money to eat when the tax bureau looked into his taxes and froze all his assets).

I was a Bitcoin maximalist, because I thought if Bitcoin could be obsoleted, then that makes it worthless for the purpose I stated above, since a store of value that could be obsoleted, like Windows, going from 98 to XP to Vista to 7,8,10... it would be ridiculous and would kept getting replaced. If it was gonna serve this purpose, it cannot ever be obsoleted.

But then it falls 50% in one day...
that has completely shattered my confidence in this thing. It can't serve that purpose if it can do shit like that. I'm completely torn now, I wanna believe in it, but that shit was stupid af.

>> No.18312576

>>18312001
Do you understand what chainlink does ?

>> No.18312594

>>18312552
>that has completely shattered my confidence in this thing
good, good. we need more capitulation for the next golden bull. novogratz capitulation will be the signal

>> No.18312756

>>18312594
Sorry unfortunately I will never capitulate, because I didn't violate rule number 1: only invest what you are willing to lose

I can literally ride this shit to zero and not give a damn.

>> No.18312787
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18312787

Get readyyyyyyyyyyyyyyy

>> No.18312921

>>18311967
Babby's first whitepaper revelation

>> No.18312967

>>18312001
Yeah, and compared to Chainlink its shit.

>> No.18313035

>>18312552
You don't get what IT MEANS tho.
Look into the implications of it.

>>18312576
>>18312967
As far as i understand chainlink it's purpose/meaning is almost opposite to the one that Bitcoin has.

>> No.18313068

>>18313035
Just fucking tell us already asshole

>> No.18313157

>>18311967
Imagine thinking crypto shit coins are going to conquer the military backed fiat. Those who bought coins at the top have an interest in pumping so they can get back to even, at least. Le mooning meme lmao

>> No.18313169

>>18313068
Fuck you faggot, you go and learn it if you want to!
All you need to do is just understand how bitcoin works.
Besides, it don't matter that you understand it or not tho, you just need to, you know, be confortable with it.

>> No.18313201

>>18311979
700mil coins held in reserve for founders. 300mil for everyone else

>> No.18313223

>>18313157
>crypto shit coins are going to conquer the military backed fiat
What happens when a loyal soldier from the marine corps will need to buy a loaf of bread with 500 dollars when it'll be scarce?
You think it won't give it to his family?
And what will turn the various armies in due times?
And what will happen to the people once that happens?
Economics is the most dangerous weapon that ever existed or will exists in our systems.

>> No.18313238

>>18311967
Congratulations, you've completed step one. There is still more to learn though.

Take the next step:
https://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter

>> No.18313261

>>18312012
There real redpill about Bitcoin is that it is potentially so transformative to society that it will allow us to become bluepilled again in a better world. Since buying Bitcoin I think about a better future constantly and even about having children

>> No.18313276

>>18311979
Chainlink and bitcoin are two distinct things.

>> No.18313304

>>18313238
Oh, don't you worry, i know about monero.
But at he end of the day, it's not bitcoin.

>> No.18313607

>>18311967
/biz/ did not explain it to you, then explain it to /biz/

>> No.18313674

I guarantee less than 10% of this board can accurately describe what a Bitcoin transaction is.

>> No.18313928

>>18313304
Yes but I don't think you've fully thought through how bitcoin would work in a world without fiat.

Imagine running a shop and accepting bitcoin. At any time some crypto-jacker can dump their tainted coins on you, leaving you with bitcoins that are not only worthless but that actually cause you problems with law enforcement and others you deal with.

Bitcoin only works currently because everyone that "uses" it for business (not trading which is >99% of use) cashes out to fiat. Fiat is the giant mixer that makes bitcoin useable at all. Can't even imagine what a dystopia a world run on bitcoin would be. Everyone can see all of your transactions forever. That's fucked. It has no precedent of working and it never will.

Monero takes the key innovation of bitcoin, proof of work, and integrates it into a system that can actually be considered digital money.

>> No.18313994

OP is probably a mental boomer who just read The Bitcoin Standard and is amazed by things everyone saw in btc right away years ago

>> No.18314002

>>18313304
>he fell for the bitcoin meme
sigh, well more monero for me

>> No.18314012 [DELETED] 

>>18312057
and pnk

>> No.18314047

>>18313068
It will become the world reserve currency at the least, likely power the galactic economy once we have reached the stars and begun colonizing.

I'm not fucking kidding. Get more BTC and PNK asap.

>> No.18314061

>>18313674
is
>we don't care
an accurate enough description?

>> No.18314083

>>18311979

KILL YOURSELF SCAMMING FAGGOT!!!!!!! PURGE THE CANCER!!!!!!

>> No.18314104

is /biz/ full of newfags or what

>> No.18314153

>>18311967

OP you’re honestly ahead of 75% of this board now. Armed with this information it’s in your best interest to inform shitcoiners they are harming the cause aka scammers.

>> No.18314365

>>18314047
This, but no pnk. It's a stupid scam that only stupid pajeets like.

>> No.18314386

>>18311967
How much power(electricity) is used mining crypto currencies? If the grid were to go down how would someone transact until the grid came back on line?

>> No.18314435

>>18311979
Change your shirt.

>> No.18314462
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18314462

>>18311967

>> No.18314509

>>18313223
Dooms day dreaming. Don't bet on it. Hoping for a collapse so coins go up in value. Fiat wins. But if you can make gains trading crypto go for it.

>> No.18314510
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18314510

>>18314083
Lmao

>> No.18314571

>>18312967
>>18312576
A token to access "decentralized oracles".
It's ridiculous because:

- decentralized oracles are an unsolved computer science problem. Yet Chainlink has no proposed solution to it, and decentralizing is basically an afterthought to them

- their solution to that is "KYC oracles"... Which is not a solution at all. Having a KYC authority in itself is already centralized

- being "first mover" to decentralized oracles doesn't mean shit when you don't actually solve the problem. Bit gold was first mover to decentralized currency before bitcoin, but because it didn't give a viable solution to the double-spend problem, so it didn't mean squat.

- centralized oracles are easy. You can even write one using something like pyethereum and run it on a cheap VPS.

- And with your own oracle, you don't have to pay both the token and gas price, you can just pay the gas price

- all it does is aggregate free data sources, which you can freely query yourself, hence the json parser meme

- and if the token price moons, then it even makes less sense to use it, as it would cost a lot, for data that is freely available

- and worst of all, only 350 million tokens are in the circulating supply. The other 650+ million tokens are literally owned by Sergey, printed from thin air, no proof of work, which he can dump anytime. This is literally the worst scenario even for just speculating.

>> No.18314584

>>18312552
The $ price on btc is irrelevant, to a significant degree. Let's say you want to use it as a personal reserve, and bank with btc. You have 250k of buying power in btc. Even if it 1/2, you still have 1/2 your buying power, that cant be stolen or attacked in any way. Compared to fiat and gold, that's an insane roi.

>> No.18314598

>>18314386
They would transact with violence

>> No.18314634

>>18312234
bitcoin is not really p2p though
you cant replace the state with bitcoin
You can however verify contracts and votes with ethereum though.

>> No.18314637

>>18314571
"Unsolved computer science problem"
Nice buzzwords, what the fuck is so unsolved nigger.

>data free bro
Link is for enterprise grade automation you idiot. Sirgay is not creating oracle networks for tweedledicks like you to use.

>650 million
Commit 40% please

>> No.18314655

>>18314634
>You can however verify contracts and votes with ethereum though.
as if anyone wants to be part of an immutable contract. find another usecase faggot.

>> No.18314744
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18314744

>>18312001
Sergey is Satoshi, all the BTC devs have been moving over into link since the crash.

>> No.18314822

OP here, changed IP.

>>18314104
I am half and half.
Was here before, but i forgot it all.
Now i'm back. Still an absolute retard, but aware.

>>18314509
>Fiat wins
You are just a retarded fag.
Gold and/or bitcoin will win.
But i think bitcoin will prove itself too much of a sweet thing to be rejected by those who aren't aware.

>>18314584
That's good, but not it.
There is more going on with bitcoin.

>>18314634
>you cant replace the state with bitcoin
Teroticlly it's possible.
I would like to have minarchism tho, but ancapistan is okay, as long as i get to defend me and mine.

>> No.18314842

>>18314637
>"Unsolved computer science problem"
Lol, what a faggot.

>>18314744
Checked, but don't matter who Satoshi is.
What matter is what bitcoin can do.

>> No.18314906

I just want to buy some btc so I can order some anabolics a get more /fit/.

>> No.18314932

>>18312179
Its the most secure so its the best yes

>> No.18315072

>>18314932
it's the only real crypto
the only one that is trustless permissionless publicly auditable and secure.
it's an unconfiscateable escape vehicle for wealth against hostile authority and central bank fuckery.
the only asset on earth you can own in a truly private manner (as in not depending on anyone's or any legal bodies good will or permission)

>> No.18315158

>>18315072
It goes even beyond that, believe it or not.
This shit is a God damn miracle.
Or, anyway, it sure will make things fun.

>> No.18315163

>>18314822
Just like Esperanto won the language wars. Lmao. Fiat wins.

>> No.18315179

is 1.1 btc enough to make it? ;_;

>> No.18315241

>>18315158
it's not really a miracle. the only miracle is that everyone still keeps trying to make his own shitcoin or otherwise print his own money instead of adopting bitcoin.

>> No.18315298

>>18311967
>"I am in for the tech."
Go back to myspace.

>> No.18316142

>>18315163
No, once the fiat system goes, only gold and bitcoin will remain.
My guess is that gold will be the "official", and bitcoin will be like "art", a tool for those who can be reasonable, and don't step on other people's toes, but that want their "spot in the sun", as the commies say.

>>18315241
Looks like one to me.
You know, it's really nice.

>> No.18316197

>>18316142
>it's really nice
yeah i know, whenever i have to wire money (especially international) i remember how fast and cheap the same thing is on bitcoin.

>> No.18316242

>>18316197
I absolutely agree.

>> No.18316412

>>18314386
mining is decentralized, you would need the grid to go down in every country. China's grid could go down, even if they have the majority of harshrate it wouldn't stop the network

>> No.18316415

Bitcoin has a flaw. It is not fungible.

>> No.18316429

Now that you understand Bitcoin, study Decred. It's like Bitcoin iterated, every flaw in Bitcoin is solved in Decred.

>> No.18316436

>>18313223
Then why did every empires currencies collpase you fucking mongoloid?

>> No.18316447
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18316447

>>18311967
1btc 25k in 2years

also check dees

>> No.18316532

>>18316142
>My guess is that gold will be the "official
it won't. countries already got off the gold standard for a reason. if we ever return to something like the gold standard, it will be with bitcoin.

>> No.18316597

>>18312054
>he thinks bitcoin is going to moon
Oof buddy that ship sailed a long fucking time ago. Whatever millions that's to be made from crypto, has already been made.

>> No.18316720

>>18316142
Art as in a place that holds value. Never heard this argument for crypto. Not disagreeing or agreeing with it.

>> No.18317015

>>18313035
Retard detected.
OP realize that bitcoin CANNOT succeed without chainlink. Learn the usage behind APIs and then realize how much potential data/value needs to have an on ramp for bitcoin to achieve any actual usability.

>> No.18317482
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18317482

>>18317015
>OP realize that bitcoin CANNOT succeed without chainlink

>> No.18317513

Don't let the linktards derail the discussion. Link is a ponzi, BTC is a technological breakthrough. The only use of shitcoins is to buy more BTC.

>> No.18318247

>>18316532
I dunno if they ll ever tie currencies back to gold or other comodities, but all i know that if that is the case, they ll use gold first.
And it's actually better this way: the sacrifices of people are held in central banks in nations.
So it's as if their sacrifices were recognized.
It'll protect old people.
But if it were me in power, i would hold bitcoin like it's today.
It's art, man.

>>18316720
Well, i look at bitcoin, and i see a painting from Leonardo, or a sculpture from Michelangelo.
It's actually "speaks" to me, you know?
Looking at the protocol makes me see a man tired, in chain, but trying to free himself.
It's actually a nice immage.