/bmg/ Bitcoin Maxi General

[Anonymous No.21946544]

Money is the only real use case for blockchain, and Bitcoin is the only true cryptocurrency. There is no reason to buy anything other than Bitcoin. The ignorance of these mental midgets astounds me.

[Anonymous No.21946714]

ehhm, who is this?

[Anonymous No.21946769]

Reporting in.

[Anonymous No.21946805]

>>21946714
a man

[Anonymous No.21946836]

Bitcoin is a ponzi

[Anonymous No.21946852]

>>21946544
i would eat so much poop straight out of those buttholes

[Anonymous No.21946869]

>>21946544
Why do you overlook and under-appreciate co-existence?

[Anonymous No.21946927]

>>21946544
Great idea for a general, maxi here.
To me, maxi means that there’s only room for one base layer, store of value crypto currency, and that is bitcoin (btc), not just because it was first but because it is perfect.
That said, by saying I’m a btc maxi, I’m obviously not against other layers on top, addressing other use cases. I’m not against lightning. I’m not against some derivative fund investing in btc. I’m not against someone building a successful e-commerce site on top of bitcoin.
In the same way I’m not against a smart contract layer on top of bitcoin. If this layer is eth or something else remains to be seen, but currently eth seems to have the upper hand. Good on Vitalik.
Similarly, I’m all for another layer of Oracles feeding the smart contracts, and here I have to say I’m really rooting for Sergey - I can’t help but like the guy! And I think Chainlink is making all the right moves. Investing in Chainlink is more like investing in a company than investing in btc, which is investing in math, but it’s nevertheless an attractive, smart company in my opinion, better than tesla and with a better share model (link tokens, which are like shares that can be used for something).
So I’m 80% btc, 10% eth (a little reluctantly) and 10% link (happily), am I correct in still thinking myself a btc maxi?
I mean, I also have tesla shares.

[Anonymous No.21947110]

>>21946927
>In the same way I’m not against a smart contract layer on top of bitcoin. If this layer is eth or something else remains to be seen, but currently eth seems to have the upper hand. Good on Vitalik.
I really don't understand the point of his "universal computer" or whatever it is he calls it. They tried running CryptoKitties on it and the whole system ground to a halt. Also, there doesn't seem to be any limit on inflation -- I thought it was 3% per year but then read an article saying last year they had so much traffic it was 10%. WTF, why buy into something that inflates faster than USD? Then there's the whole "science experiment" aspect to ETH -- sure, we're gonna build something new and then hard fork and everyone has to migrate, yay! Oh no, someone hacked our code, gotta hard fork to undo those transactions, no problem! Hey I had a great idea let's make it have tapdancing robots and we'll just hard fork, cool!

And I DON'T think there is room for more than one. Despite all the "we built a model and it's going to moon" shitposting, IMHO the real value of a unit of any crypto is directly related to its use in the real economy. Sure, some groups can artificially pump their price by limiting the exchanges they trade on and then buying and selling furiously to inflate volumes at their preferred prices, but those will eventually run out of cash to burn and will die.

For real value, whether Chinese capital flight or Russian oligarchs or Americans buying porn, the use in the real economy is what drives the price. More than one successful crypto just means both will have to share that real-world usage. If one eventually dominates, the other dies. And sitting on any crypto, just buying and hodling, means it will go unused in the real world and will die.

[Anonymous No.21947203]

>>21946869
There is no reason for anything other than BTC to exist.

>>21946927
based

>>21947110
Ethereum is a meme. There is long term no value.

[Anonymous No.21947228]

>>21947203
you mean bsv, study harder

[Anonymous No.21947282]

Maxis are idiot fundamentalists.
BTC will make them money over time. I wish I could watch them go broke for being dumb dumbs. They will hurt themselves in other realms so I take solace in that

[Anonymous No.21947312]

>>21947228
BSV is a pile of shit and Craig Wright is a lying moron. GTFO

[Anonymous No.21947329]

>>21947282
You call us names but you can't provide a single use case for Vitalik ridiculous broken "world computer" GTFO

[Anonymous No.21947390]

>>21947329
you buy it to get more btc, duh

[Anonymous No.21947534]

>>21947329
doesnt china account for 66% of bitcoin miners?

[Anonymous No.21947583]

>>21947390
I don't gamble on shitcoins.

>>21947534
Probably. It doesn't matter.

[Anonymous No.21947593]

What about privacy though? Bitcoin may be pseudonymous but chain analysis is getting better and better.

[Anonymous No.21947611]

>>21947593
All privacy coins are going to be banned world wide.

[Anonymous No.21947621]

How can you resist defi? Or actually doing anything with crypto

[Anonymous No.21947632]

>>21947593
Pseudoanonymous networks like LN will be the only options.

>>21947621
DeFi is pointless noise. It's a bunch of kids selling DeFi food coins. Sound money is the only use case that matters.

[Anonymous No.21947671]

>>21947583
Why do you think it doesn't matter? That means that china can 51% attack whenever they want.

[Anonymous No.21947705]

>>21947632
You think decentralized finance is noise? you can get up to 80% apr using liquidity pools. some people are pulling off 8% a day.

What is your definition of "sound money"?

[Anonymous No.21947845]

>>21947705
Yes, defi is noise. Those gains are temporary and ridiculous.

Sound money is fixed supply with maximum decentralization. Bitcoin is the only coin that matches that criteria.

[Anonymous No.21947921]

>>21947705
>You think decentralized finance is noise? you can get up to 80% apr using liquidity pools. some people are pulling off 8% a day.
Do you think this can go forever without going bust and leaving a trail of slaughtering?
Most of smart contracts have admin access, and most of the devs have premined, so you know what happens next

[Anonymous No.21947973]

>>21947845
>Sound money is fixed supply with maximum decentralization.

But that leads back to my first point, 66% of the miners are in china. China can nationalize the bitcoin miners whenever they want. Bitcoin is centralized in china. China can 51% bitcoin whenever they want. Doesn't that concern you?

What are your opinions on bitcoins transaction fees and transactions speeds? It got up to 55 dollars and 3 days during the 2018 bullrun. Do you think that is feasible for being the worlds money?

>Those gains are temporary and ridiculous.
But its just loaning money out. Are you against loaning money out for a fixed interest rate? Don't you want to be your own bank? What if they took those gains and put it into bitcoin, would it still be temporary and ridiculous?

[Anonymous No.21948001]

>>21947921
What about the smart contracts that are audited and are just simple liquidity pools, A.K.A. loaning? Would you be opposed to 5% APR liquidity pools?

[Anonymous No.21948018]

>>21946544

[Anonymous No.21948034]

>>21947282
>you dont like what I like
I'm not for/against Maxi of anything, it's an opinion at the end of the day I will tirelessly defend your right to have an opinion different than mine
but you are extremely immature for wishing ill on anyone even more because you have disdain for them having a different opinion, grow up find God

[Anonymous No.21948039]

Otherworldly reminder that Satoshi marketed Bitcoin as a "Peer to Peer Electronic Cash System" because the only way people would adopt it at first was if it was considered day to day money and not a store of wealth like gold. He knew that peoples perception of it would transition as time went on. Case in point, if it were meant as a normal everyday cash why only make 21 Million and deflationary? If he wanted just general E Cash he would've made something like Tether.

[Anonymous No.21948056]

>>21947705
What are people staking for 8% interest daily?

[Anonymous No.21948073]

Do you see this beautiful big ass on the picture? Thats great right?
You see, I have an extraordinary great taste.

So you can bet when I recommend you a project it will be same as good as the beautiful big ass on the left because of my great taste.

Thats it - if you´re not convinced yet you´re either gay or mentally retarded

[Anonymous No.21948095]

>>21948056
It was a /biz/ post and I didn't copy it down, there's a lot of different ways to do it

https://twitter.com/ChainLinkGod/status/1296145163157254144?s=20

This guy pulls off 100% APR and he tells you how

[Anonymous No.21948096]

>>21946544
I want to fill her womb with my seed and claim her as mine
>inb4 pede
only a virgin plebbitor can't distinguish between a fully grown teen v a child

[Anonymous No.21948156]

>>21947973
Decentalization is more than miners. It's the number of full nodes as well. If China started causing shit we would fork them out.

BTC transaction fees are working as designed. Daily cash usage will be moved to layer 2.

Loaning money on dumb contracts made by kids is just gambling on shitcoins. It's ridiculous behavior that goes against the very essence of what cryptocurrency is supposed to accomplish. You're a child with no true vision.

[Anonymous No.21948188]

>>21946544
BTC isn't money.

[Anonymous No.21948193]

>>21947973
>china fud
stop browsing /pol/ it's more of a rational state actor than the United States government will ever be
Fees and transactions speeds are fine for a layer 1 asset solution and the amount of wealth that can be transferred. Lightning (zap app for example) looks like it works very well but has zero adoption.
Defi right now is exactly what he said. The markets are inefficient and will be arbitraged over time. Look at the AMPL-ETH pool for example wasn't it 300% before, not it's only giving out 64%.

[Anonymous No.21948207]

>>21946927
>e-commerce site on top of bitcoin.
Uh, that's not gonna happen.

[Anonymous No.21948295]

>>21946544
that is true but the mental midgets that think a minority hash shitfork of a minority hash shitfork can be bitcoin have no idea wtf they are talking about.

[Anonymous No.21948314]

>>21948188
no it's not, which is the main reason i bought it. if it was money i would probably not need it for shit. only utter retards "invest" in money.

[Anonymous No.21948326]

>>21948188
BTC is sound money and one day products will be priced in BTC.

[Anonymous No.21948410]

>>21948314
>>21948326
Silver used to be money. When it was money it was valued far higher than it is now adjusted for inflation.
>>21948326
No, nothing will be priced in BTC. Used to be that other cryptos were priced in BTC but they're all in ETH and USDT now. Sorry.

[Anonymous No.21948566]

>>21948156
>Decentalization is more than miners. It's the number of full nodes as well. If China started causing shit we would fork them out.
The hashrate and 51% attacks comes from the miners though. You also don't get to "fork" them out, they mine on whatever network is most profitable to mine. The miners have control of the network. Its not a good sign when you don't actually know these things

>BTC transaction fees are working as designed. Daily cash usage will be moved to layer 2.

Why do you need multiple layers for your money to work?

>Loaning money on dumb contracts made by kids is just gambling on shitcoins.

You think loans are dumb? You think contracts are dumb?

>It's ridiculous behavior that goes against the very essence of what cryptocurrency is supposed to accomplish.

What is the very essence of what cryptocurrency is "supposed" to accomplish?

>You're a child with no true vision.

Idk you think programmable money is dumb, I'm not sure if you are capable of speaking on who has vision and who doesn't

[Anonymous No.21948592]

bitcoin doesn't scale and the power cost is unnecessarily high.

[Anonymous No.21948601]

>>21947203
>There is no reason for anything other than BTC to exist.
the market disagrees

[Anonymous No.21948612]

>>21948193
China is a failed state on the verge of collapse and even if it wasn't the miners are still centralized in china and can be nationalized by china at any time.

Lightning is just nostro vostro with bitcoin. We are already getting rid of the swift system, why would we go back to old technology?

[Anonymous No.21948615]

>>21948410
>Silver used to be money.
but it's not anymore that's my point it's a commodity and a speculative asset just like bitcoin. bitcoin has better hard scarcity and easier and more secure storage and transactibility tho than shitmetals.

[Anonymous No.21948631]

>>21948566
>You also don't get to "fork" them out
you can if you change the hashing also.

[Anonymous No.21948642]

lighting network when

[Anonymous No.21948651]

>>21948615
Bitcoin is going to lose value from it not being able to be used as money. It's just a lagging pile of shit.

[Anonymous No.21948654]

>>21948631
*algo

[Anonymous No.21948672]

>>21946544
>waiting 4 hours for confirmation

[Anonymous No.21948708]

>>21948631
Ok, and they switch right to your hashing algorithm and continue mining. Miners go to where its profitable and that is their only incentive. Miners are not incentivized to care about the health of the network, only what makes them money.

[Anonymous No.21948734]

>>21948612
nationalize stealthily and risk rendering the entire network worthless..
Or do it publically, nationalize bitmain and 51% attack the network, rendering everything on it worthless. Real master plan, you imply that China has there. For what purpose would they do it.

[Anonymous No.21948747]

>>21946544
>>21947110
>>21947203
>>21947632
>>21947845
>>21948326
MAXI COPE GENERAL ON BIZ KEK

Lol keep stacking sats

[Anonymous No.21948788]

[Anonymous No.21948795]

>>21948651
doesn't have to be used as money there are billions of things that have value that keeps appreciating and are not used as money.

that's some weird fallacy you got there.

[Anonymous No.21948807]

>>21948708
>Ok, and they switch right to your hashing algorithm and continue mining.
you can't switch asics to a different algo. that's the point.

[Anonymous No.21948816]

>>21948795
>doesn't have to be used as money
Well then prepare to have a piss poor price performance during the inflationary times we're in.

[Anonymous No.21948825]

>>21948708
>Miners are not incentivized to care about the health of the network, only what makes them money.
that's what we thought in 2010 but miners have proven this theory wrong plenty of times and nobody knows for sure why. bitcoin doesn't require miners to be benevolent. but they are people too.

[Anonymous No.21948860]

>>21948816
that's retarded. exactly because it's not money not based on debt not freely printed don't adjust in supply to demand it will perform extremely well in hyperinflation however there is no rule in the universe that says crpyto have to do well in a depression. and we are heading to the greatest depression of history. when the economy went to shits when productivity tanked and scarcity of essential goods spiked then you get hyperinflation.

[Anonymous No.21948891]

>>21948734
The simple fact that they have the ability to render it worthless at anytime is in itself valuable. There could be any number of reasons why they might do it but the mere fact that they can should give you concern.
It effectively means they are in control of it, they can double spend, they can rewrite and reroute transactions.

It doesn't matter why, they can. The fact that they can is the important part. The fact that they can defeats the entire purpose of bitcoin as a peer to peer decentralized digital currency because that means the decentralization is a facade. The focal point of why bitcoin was important isn't true anymore.

[Anonymous No.21948909]

>>21948860
>that's retarded. exactly because it's not money not based on debt not freely printed don't adjust in supply to demand it will perform extremely well in hyperinflation however there is no rule in the
All this shit is close to being incomprehensible. Maybe ask someone in your family that isn't retarded to help you understand why you shouldn't buy a speculative digital asset with zero utility.

[Anonymous No.21948951]

>>21948001
audited is very different from bug free, and the apr is 5% cause you are forced to hold literal uniswap scams
does it sound like a good and sustainable idea?

[Anonymous No.21948994]

>>21948825
>that's what we thought in 2010 but miners have proven this theory wrong plenty of times and nobody knows for sure why.

The theory has been proven RIGHT. There is nothing healthy about the bitcoin network. There is nothing healthy about its transaction fees or speed. If you think a congested clogged up network is healthy...

>>21948807
ok fair point, but by bitcoin maxi logic wouldn't that be changing bitcoin and then its no longer bitcoin?

[Anonymous No.21949053]

>>21948951
I'm more of an advocate for the flare network since they are going to be tokenizing houses, assets, and the stock market so that the smart contracts are actual representations of real value for stocks, mortgage, loans, options, etc.

The ethereum experiment lead to some interesting financial tools such as flash loans, liquidity pools, yield farming, etc. but ethereum isn't the end all be all. I think our money has a lot more value in it than we previously expected and the ability to program it is going to be extremely powerful in ways we cannot even imagine yet.

[Anonymous No.21949067]

Exactly, that's what makes shitcoins so important, a means to accire more btc. When you've got 21 btc, you're set

[Anonymous No.21949073]

Am I posting in a bitcoin hate thread or /bmg/?

get out brainlets who don't understand btc is king, don't have time to spoonfeed you on why nothing will ever beat or replace it, why payments don't matter (I can't buy coffee with my bitcoin boo-fuckidy-hoo)

go make a BTC is going obselete/ bitcoin =myspace thread.
can't even get a discussion in our own isolated area without, no-coiners/fraction-coiners bugging us multi-coiners.
>t. faggot who bought btc under 50 usd

[Anonymous No.21949131]

>>21949073
Are you not capable of having a critical discussion about bitcoin? Do you need a hug in a safe space?

What are you going to talk about with other bitcoin maximalists if people weren't questioning it? The future of bitcoin? What do you think the future of bitcoin is?

[Anonymous No.21949288]

You guys need to read Nick Szabos, Shelling out, the origins of money.
>>21947534
Another Anon explained changing the algo to render asics useless, also USA and other people are becoming larger players in the mining game, especially with companies utilizing s9's and selling them to energy companies to mitigate/profit off waste energy.
>>21947593
L2 will fix this, coin-join, coin-tumble, tech is getting better everyday.
>>21948039
That's pretty generous, Satoshi is obviously genius, but I'm not sure if I agree with this.
>>21948188
It's the hardest money in existence. You have currency and money's definition mixed up.
>>21948326
Based
>>21948592
Bitcoin doesn't waste power, it consumes power waste.
>>21948601
All other coins are a musical chairs/ hot potato to get more bitcoin. (minus a few) all bitcoin bears are bulls wanting more cheaper bitcoin.
>>21948672
Bitcoin is meant for big purchases, like gold. shouldn't be used for coffee or anything under 10,000 imo. (untill l2 is set)
>>21948891
>Yes lets render the golden goose, that goes exponentially up in value, worthless, that will benefit us.
>>21948566
almost missed this faggot, Bitcoin was born from the 2008 collapse, which was from overleveraging/credit. Bitcoin is hard money and is anti-credit.. i.e NO IOU'S
How new are you?

[Anonymous No.21949353]

Now for what I consider /bmg/ talk

How do we feel about lightning.. are we sold this will be the l2 scalability/privacy solution?

Do you host your own full-node?
If so, what do you run? Nodl, Pandora, etc.

Best multi-sig set up?
I am rocking multi-coldcards, and would highly recommend everyone hops on the coldcard train, I got a discount link if you haven't bought already.

[Anonymous No.21949356]

>>21949288
btc is dead boomer blockstream kikes have infiltrated and tether prints out of the ass to prop up the ponzi market that is btc. Bitshitboomerdinofagcoin needs to die because its the anchor of shit thats weighing the entire space down.

[Anonymous No.21949381]

>>21949288
>It's the hardest money in existence. You have currency and money's definition mixed up.
It's not money and it's not even close to being the hardest money in existence. It's also not currency or cash.

[Anonymous No.21949393]

>>21949288
the bitcoin network is like a suv driving on the highway with a pulled handbrake, there's no reason for the handbrake, it doesn't secure anything, it just makes the process slow and destructive

[Anonymous No.21949447]

>>21949356
This is BCH propaganda... You really need to learn more... Tether fud has been said since its inception... I'm not sure what I can do more to convince you than to look closer at the segwit and small block vs big block fight.
If bitcoin goes down, everything does.
>>21949381
You don't understand what money is... I would recommend with Aristotles what is money and Nick Szabos shelling out... If you can't grasp this I am just afraid you have too low of an iq.
Money goes thru 4 revolutions before becoming money
Collectible > store of value > medium of exchange > money.
this usually takes hundreds of years, but we are witnessing a full cycle playout in bitcoin exponentially faster because of the digital nature...

I used to be a non-maxi.. just keep studying man, I've been studying since 2013, and seriously put in 3 hours everyday in finance related subjects. God bless.

[Anonymous No.21949470]

>>21948909
nothing is incomprehensible about it.
depression = bitcoin going down (relative to where it would be otherwise) with other assets
inflation = bitcoin going up

bitcoin behaves exactly the same as any other speculative asset class. the only difference is it's high risk high yield like stocks and inflation hedge like gold. and it will fluctuate between this two as to which it correlates based on macro environment.

[Anonymous No.21949501]

>>21949288
>All other coins are a musical chairs/ hot potato to get more bitcoin. (minus a few) all bitcoin bears are bulls wanting more cheaper bitcoin.
yeah no shit bitcoin is #1. that doesn't change the fact other shit will exist and does exist.

[Anonymous No.21949509]

>>21949447
>You don't understand what money is.
It sure as shit isn't btc, retard. Nice try though.

[Anonymous No.21949519]

>>21948994
>The theory has been proven RIGHT.
no it has been proven wrong multiple times when miners acted benevolently at cost to themselves.

>but by bitcoin maxi logic wouldn't that be changing bitcoin and then its no longer bitcoin?
only if it's a non-consensus fork. otherwise it's fine. altho in this opinions will differ greatly. i was not talking about bitcoin tho. i was talking about shitcoins like bch.

[Anonymous No.21949524]

>>21949288
>Another Anon explained changing the algo to render asics useless

But isn't the bitcoin maxi logic is that you can't change what bitcoin is? If you change the algorithms from the original, isn't that now the fork?

>Yes lets render the golden goose, that goes exponentially up in value, worthless, that will benefit us.

Well considering the miners will only mine what is profitable for them, what happens when the profit margin is gone and the difficulty adjustment oscillation begins to happen? Have you actually walked yourself through the oscillations and see where it ends up in that situation?

>almost missed this faggot, Bitcoin was born from the 2008 collapse, which was from overleveraging/credit. Bitcoin is hard money and is anti-credit.. i.e NO IOU'S

Do you think programmable money is dumb? That is the most powerful financial technology that there is. Do you think we are going towards a world without credit??? without contracts??? REALLY???

>>21949353
lightning is just nostro/vostro for bitcoin. We are already getting rid of that system, why would we implement old technology?

[Anonymous No.21949530]

>>21949393
The reason the "handbrake" is pulled is to secure its decentralization... with the 1mb blocks, more actors can participate, when you increase the blocks in favor of "Removing the handbrake" you cause centralization.

so its a choice of, decentralization vs fast payments..
and payments are no problem, we have visa, paypal, ripple etc...
its a decentralized, permission-less store of value is what we are concerned with..

Are you concerned your gold can't go fast?

[Anonymous No.21949561]

>>21949519
>no it has been proven wrong multiple times when miners acted benevolently at cost to themselves.

That's literally impossible as they are mining bitcoin FOR PROFIT. Guess what happens if they act benevolently at cost to themselves? They go out of business and that benevolent miner is GONE.

[Anonymous No.21949576]

>>21949393
you know nothing that's your problem.
and even if i tried to explain it to you you wouldn't get it. shticoiners never get it. if they did they wouldn't exist.

bitcoin will be capable of more with 1mb block then any bch fork with 10gb blocks.

[Anonymous No.21949592]

>>21949561
they have reorged hostile miners multiple times at expense to themselves. are you living under a rock?

[Anonymous No.21949612]

>>21946544
Can someone please link to source?

[Anonymous No.21949614]

>>21949576
BTC would only make sense if you held it as collateral for a short position in a margin trade.

[Anonymous No.21949620]

>>21949592
You would have to provide a link or a source.

[Anonymous No.21949623]

>>21949524
Bitcoin is the longest running chain, and that depends on what the miners think/vote is.
Can't say I have ever walked thru these oscillation adjustments...
never said programmable money is dumb... its what the essence of cryptocurrency is though..
>>21949509
Please tell me why it isn't money, have you even spent more than an hour studying money? do you have a hard time playing chess and thinking about abstract things? If you don't think bitcoin is money stay poor, keep using other "money"

Going to go read thru other threads, could have learned something instead of arguing with you cats, who obviously want to just bully bitcoin, because you're sour you didn't get in early enough.

[Anonymous No.21949628]

>>21949561
you have to separate long term profitability from immediate profitability. your issue is you are blind to this difference. majority of miners do have a vested interest in network health and fair play long term.

[Anonymous No.21949639]

>>21949612
thats a man

[Anonymous No.21949650]

>>21949620
https://www.financemagnates.com/cryptocurrency/news/2-bitcoin-cash-mining-pools-organized-51-attack-to-thwart-hacker/

you just can't google for shit can you?

[Anonymous No.21949652]

Why do Maxis have profile pictures like this on twitter

[Anonymous No.21949670]

>>21949623
>Please tell me why it isn't money, have you even spent more than an hour studying money?
Money is fungible, for one. Two, it needs to be used as a medium of exchange. Most currencies and money's also have a lending market attached to them.

[Anonymous No.21949678]

>>21946544
I just came here to say you are all ducking retarded boomers and I can wait to dethrone you gay bitcorn

[Anonymous No.21949702]

>>21949288
>Bitcoin doesn't waste power, it consumes power waste.
this is btw the most important revelation one can make about bitcoin sustainability.
bitcoin can literally save our planet from environmental disaster.

it allows for building overcapacity of clean and sustainable power sources (nuclear and renewable) and allows to store that situational overcapacity representing stored economic power in digital currency.

we could ditch coal and gas buffer plants which are responsible for half the pollution world wide.

[Anonymous No.21949820]

>>21949670
this is a more well rounded definition and the main reason why bitcoin is not money and never could be money:
>money is a currency that is legal tender
>currency is a unit of account and a medium of exchange
>medium of exchange must be portable and durable
>unit of account must be fungible and divisible

[Anonymous No.21949822]

>>21949623
Say bitcoin is no longer profitable to mine. What happens?

miners stop mining. Its unprofitable to do so.
Transactions crawl to a standstill until the difficulty adjustment happens. It becomes profitable again, and the miners turn their facility back on and mine the easier bitcoin. The people who stayed to mine the difficult bitcoin are not rewarded for staying. Difficulty adjusts again, its now no longer profitable. Miners leave again, transactions crawl to a standstill, etc.

Back and forth it gets to oscillate until the benevolent miners are completely pushed out because they mine the difficult bitcoin while the opportunistic miners mine the easy bitcoin, in between periods where transaction fees and times are absurd until one day transactions just don't go through, the difficulty adjustment never happens, and bitcoin dies.

[Anonymous No.21949858]

>>21949820
Either way, btc is an overpriced pile of shit.

[Anonymous No.21949880]

>>21946544
Bro she is literally advertising XRP on her bikini
Buy nd dominate her

[Anonymous No.21949887]

>>21949650
holy shit, what about that article did you think was good? One group of miners exploited the network, and then another group exploited the network to counter the first exploit? No fucking way, you have to be joking.

[Anonymous No.21949891]

>>21949858
it's actually almost perfectly valued right now both by power law best fit curve and stock to flow model
slightly expensive like within 10%

[Anonymous No.21949923]

>>21949891
It's in a permanent bear market. Where it belongs

[Anonymous No.21949938]

>>21946544
I want to tongue fuck her asshole.

[Anonymous No.21949962]

>>21949530
Wait, do you really think XRP isn't decentralized?

[Anonymous No.21950024]

Maxis ftw. To anybody criticizing supposedly mining centralization in China. You better believe if there ever were a state intervention to regulate them, they would be offline for 2-3 days, hash power decreases but will be back online in Mongolia, Vietnam and India pretty soon. It‘s a business and jurisdictional arbitrage is real.

[Anonymous No.21950079]

You seriously lack some reading comprehension
>>21948566
Just because the essence of crypto, is a non-credit system, doesn't mean I think programmable money is dumb?
>>21949962
where did XRP come in this situation? Did i say XRP is centralized? dude stop assuming Jesus.

literally preventing us maxi's from productive discourse.

[Anonymous No.21950091]

>>21949923
lol it hasn't been in a bear market since the beginning of 2019 april

[Anonymous No.21950107]

>>21946714
found her, Monica Corgan

[Anonymous No.21950108]

>>21950091
It's been in a bear market since 2017, retard

[Anonymous No.21950142]

>>21950079
You said its a matter of decentralized vs fast payments

and xrp is fast payments/settlements and decentralized

It might be you who has the lack in reading comprehension...

[Anonymous No.21950177]

>>21950108
bollocks are you literally blind? no this is no bear market since 2019 april it's just volatility.

[Anonymous No.21950188]

>>21950177
also since this march we are in a definite textbook bullish market environment on bitcoin.

[Anonymous No.21950204]

>>21950177
>>21950188
Nope

[Anonymous No.21950207]

>>21949887
a 51% "attack" is not an exploit on a network you brainlet. a 51% attack is perfectly by the book playing by the rules operation on the network.

if your shitcoin can be 51-ed it's worthless not because the consensus rules can be broken but because transaction history is not final.

[Anonymous No.21950213]

>>21950142
I articulated why the "handbrake" being on bitcoin is a good thing, and alternative payments if bitcoin is too slow and costly for you.
never commented on the decentralization of ripple
>>21950205 made a thread for you

[Anonymous No.21950221]

>>21950204
like i said go get glasses dude. what sort of newfag are you that is incapable of zooming out.

i mean i'm basically perpetually short on bitcoin like 90% of the time. but i know a bull market when i see one. what i never know is when the bull market ends so i short it up.

[Anonymous No.21950244]

>>21950142
you can't do faster payments on any chain than bitcoin. bitcoin literally has sub 1 sec final payments.

[Anonymous No.21950267]

>>21950221
Literally have a bull market in alts while btc is still below it's ath

[Anonymous No.21950298]

>>21950267
the definition of a bull market has nothing to do with ath also almost all high cap alts are below their ath by a lot more. eth ath was $1448 eth at what $390? bitcoin is over halfway to it's ath at least.

shitcoiners end up buying rope eventually.

[Anonymous No.21950357]

If you haven't already properly stored your recovery seeds, I think this is one of the better ways to do it
https://cryptotag.io/products/zeus-starter-kit/
little on the pricey side, but hey, us maxi's can afford it right?
If you do buy, Tell em the guy who grinded off the logos sent ya haha.

This combined with a ColdCard is unbeatable imo. Maybe if you really understand encryption a cloud-stored recovery system might work? but I am not that savvy.

[Anonymous No.21951155]

>Bitcoin Maxis
>Childporn OP
why am I not surprised

[Anonymous No.21951178]

>>21950357
fuck is this shit supposed to be? some ancient punch-card system resurrected by brainlets?

[Anonymous No.21951251]

>>21950357
just use bip38 encrypted paper wallets instead of these retarded metal shits that anyone can steal and then your crpyto is gone!