/biz/ - Business & Finance

[Anonymous No.22663058]

i fucking hate this piece of trash
just decouple all coins from it, the only thing it does is bring us all down

[Anonymous No.22663102]

if you sold your shitcoins and bought bitcoin it will pump. shitcoiners are like crabs in a bucket https://en.wikipedia.org/wiki/Crab_mentality

[Anonymous No.22663171]

T. Priced out pajeet

[Anonymous No.22663202]

>>22663102
fuck off boomermaxi, bitcoin itself is a useless shitcoin, it isn't a currency because you can't scale it, it isn't a store of value because it's just a fucking speculative asset and it doesn't have any other function
time to fucking die already

[Anonymous No.22663218]

>>22663058
imagine fighting the absolute number 1
embrace bitcoin or die bleeding

[Anonymous No.22663264]

>>22663202
respect your elders squirt

[Anonymous No.22663487]

>>22663171
>mfw btc is the iphone of crypto
>shitty tech with high price
>loved by low iq boomers and zoomers
>poor people buy it to show off status due to it's price, cause in their mind price == value, not realizing that it's just a demostration of stupidity on their part

[Anonymous No.22663528]

>>22663202
cringe, imagine knowing about BTC for several years and refusing to buy the ticket to take down the debt based monetary system and central banking all together
stay good goy retard, enjoy asset inflation while you brag your shitcoin gains that are fueling derivative ponzi 2.0 memenomics with new best based mechanisms, new point of centralization and incentives to use unaudited shut contracts that are rug pulling with an impressive 60% rate (uniswap data)
you are a complete retard

[Anonymous No.22663551]

>>22663528
*with new debt based

[Anonymous No.22663577]

>>22663058
>Buys shitcoins
>Blames bitcoin when they dump

[Anonymous No.22663580]

>>22663202
lol you mad and also stupid

[Anonymous No.22663603]

>>22663058
lol noob

[Anonymous No.22663619]

>>22663487
shut up idiot
nobody is bragging about how many btc they own
we are silent heroes selling our second car to save on insurance, fuel and maintenance to stack more sats
quite the opposite of what you describe

[Anonymous No.22663628]

>>22663487
Are you talking about BTC? The revolutionary assets, the first of mankind featuring absolute scarcity with a computational network 5x that of any other. The breakthrough which has opened the gates for all others including your premined whogivesafuck tokens. The most secure and transparent form of exchange known to man? With a slow and steady uncompromising base layer steadily being developed on. The institutional investor's choice for 2020 with ATH hash rates?

[Anonymous No.22663671]

>>22663058
if bitcoin fails all shitcoins under it fail so stfu and love this crapcoin cuz its holding it all up

[Anonymous No.22663702]

>>22663058
BoringDAO fixes this.

BTC is dead.

[Anonymous No.22663775]

>>22663487
Name a single coin with "better tech" that doesn't achieve it by compromising decentralization

[Anonymous No.22663857]

>>22663775
and that is not owned by a single company with a scammy distribution like % for vc capitalists, team premine, foundation premine, airdrop, marketing and all the other bullshits

[Anonymous No.22663943]

>>22663218
he still thinks this meme charts is relevant. yes hashrate goes up, it will go up every single year with newer, more efficient hardware...

[Anonymous No.22663957]

>>22663528
>implying bitcoin isn't the original ponzinomics

>>22663580
nice argument there brainlet

>>22663775
btc also has to compromise decentralization in order to work

>>22663857
oh sure because btc doesn't have a company behind it ahem blockstream and centralize exchanges

[Anonymous No.22663975]

>>22663058
>ANXIETY STAGE
2-3 weeks for capitulation and pink wojaks

[Anonymous No.22663988]

>>22663775
Decentralized, lol. china owns bitcoin, if they want to attack it with their massive farms, btc is fucked, but they dont, as it would tank the price.

[Anonymous No.22663994]

>>22663775
Nano

inb4 muh reddit coin

[Anonymous No.22664012]

>>22663943
>he still thinks this meme charts is relevant
it increases the cost of attacking the network without using oligarchic consensus mechanisms like: “ok bro you got your cheap coin in a presale, now stake it and become an oligarch, that’s how we secure the network, but we, the company, own XX%, deal with it”

[Anonymous No.22664028]

>>22663994
Muh reddit coin

[Anonymous No.22664100]

>>22663058
>>22663058

You're a fucking moron. Everyone is trading shitcoins to stack SATS and then there is this faggot. fighting the TRUE STORE OF VALUE. GOLD 2.0. THE ONE WHO STARTED IT ALL. THE ONE WHO HAS A MYTHICAL CREATION. THE ONE.

listen up OP, stack sats. or buy rope.

pic related as i'm sure by your vocab you're a btrasher.

[Anonymous No.22664104]

>>22664012
more efficient hardware, it doesnt increase shit, as. you have 2 machines with 1 TH a 2k. now you have 2 machines with 2 TH a 2k. costs me exactly the same to attack...

[Anonymous No.22664154]

>>22664012
>it increases the cost of attacking the network without using oligarchic consensus mechanisms like
Oh it's so different from large mining pools, they totaly like aren't oligarchs

[Anonymous No.22664166]

>>22663957
Btc doesn't compromise its core protocol, it shifts tradeoffs to other layers. Everything in life has tradeoffs.

>>22663988
USA hash rate and asic manufacturing is growing massively, wait a few years and see. Also 51% attack is way overstated, because we actually care about running nodes in bitcoin there is very little an attacker can do without their blocks getting orphaned. They can only "attack" within the consensus rules of the coin.

>>22663994
Nano is one of the biggest pieces of shit out there.

[Anonymous No.22664194]

>>22664100
>Everyone is trading shitcoins to stack SATS
for tether and other stable coins, that's where most of the volume is retard
people trade internet fake money to get real money

[Anonymous No.22664226]

>>22663957
>btc doesn't have a company behind it ahem blockstream
does blockstream get a cut out of mining rewards? no
does blockstream have a premine? no, nobody does
does btc have venture capitals dumping on late buyers? no
airdrops? no
paid marketing pajeets? no
So fucking clean your mouth

[Anonymous No.22664262]

>>22664194
wow. you are an absolute retard

[Anonymous No.22664287]

>>22663058
Logically it should have decoupled almost 3 years ago, when ETH pairing became popular on exchange trading sites. I must be trading bots, which buy everything and sell everything at the same time.

[Anonymous No.22664292]

>>22664154
Miners have to constantly invest in infrastructure. Inefficient miners get blown out. It never ends, it is constant competition, unlike POS airdrops where the founders put no capital at risk and just relax while controlling the network in perpetuity with no chance of getting wiped out from bad business decisions

[Anonymous No.22664294]

>>22664226

Go to bed Samson

[Anonymous No.22664302]

>>22663202
You're an idiot.
BTC holds the "digital gold" narrative because it is easy to understand and works fairly well. Corporations and billionaire investors are starting to buy into it.
Gold is similarly speculative, but it still works as well. Its price might only be 90% speculative due to industrial applications but for many intents and purpose the upside of BTC justifies going 100% speculative instead. Long term more wealth will shift from the gold to crypto because of generational preferences alone, and BTC will be the only game in town for some time.
Scalability literally doesn't matter because concepts like wrapped BTC, exchange-held funds - potentially on exchanges with banking license such as Kraken - and even paper BTC (which like gold will dilute the supply) can work around the problems.

[Anonymous No.22664309]

>>22664194
>people trade internet fake money to get real money
USD literally lost 30% of purchasing power against many hard assets in the last months, enjoy C U C K
We don’t need to feed our village, we are here for the long term

[Anonymous No.22664426]

>>22663218
fucking this. BTC blows all your shitcoins, including ETH - the master shitcoin, out of the fucking water.

Your shitcoins only live because Bitcoin allows them to.

[Anonymous No.22664455]

>>22664309
>USD literally lost 30%
And btc lost 50% on top of that 30% after the last bullrun

[Anonymous No.22664505]

>>22664302
>and even paper BTC (which like gold will dilute the supply


KYS

[Anonymous No.22664512]

>>22664302
>wrapped BTC
>exchange-held funds
these are not solutions btw, centralizing points are a cancer
wrapped BTC are scams, you give away your private keys to a company using a multi-sig and they give you back a shitty erc20 token, no thanks
for exchanges, I also keep all my funds offline, imagine trusting a company (or a traditional bank) to hold your funds
I got my account frozen and I lost some of my funds once, never again, offline nobody can touch it
schnorr/taproot is about to be deployed, block size efficiency will increase another 20/30% and it also fix lightning centralization points

[Anonymous No.22664550]

>>22664302
>Scalability literally doesn't matter because concepts like wrapped BTC, exchange-held funds - potentially on exchanges with banking license such as Kraken - and even paper BTC (which like gold will dilute the supply) can work around the problems.

This. It doesn't matter if your protocol can do 1 million tps without compromising decentralization, at the end of the day there will still be banking layers built on top to smooth things over for the end user with lending services and credit, vaults and backup systems, lower fees, etc. Banks will just be reinvented but they aren't going anywhere

[Anonymous No.22664587]

>>22663202
either zoomer or pajeet, anyway priced out loser

[Anonymous No.22664595]

>>22664455
it’s volatile faggot, get the average values or shut the fuck up, again, we are here for the long term, we don’t care about the noise
90%+ of holders are in positive btw

[Anonymous No.22664639]

>It goes up, dragging everything with it
>BASED SHITCOIN I BOUGHT I ALWAYS KNEW IT WAS GREAT
>It goes down, dragging everything with it
>THIS IS FUCKING BTC'S FAULT FUCK YOU MY COIN WOULD NEVER BETRAY ME

[Anonymous No.22664644]

>>22664505
Fuck off, just pointing out what's likely to happen. That's not an endorsement. We want institutional money to pump our bags and some existing structures will have to be part of that.
>>22664512
>>wrapped BTC
>>exchange-held funds
>these are not solutions btw, centralizing points are a cancer
They are "solutions" in the sense that they will make scalability issues less relevant. They do introduce problems of their own, but those might not be insurmountable.
Your point on WBTC is valid, and I also considered it, but if WBTC fails, and maybe the alternative that comes after it, and the one thereafter, ... - eventually there will likely be an established solution that works. And it might involve established cancerous financial institutions too, but that's a separate issue.

[Anonymous No.22664690]

>>22663058
RRRRRRRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE LET UNI BECOME THE NEXT BITCOIN

I WANT EVERYBODY WHO OWNS BITCOIN TO GO INTO UNI

I WANT ANOTHER SUSHISWAP LIQUIDITY MIGRATION

[Anonymous No.22664713]

Remember anons, you don't get to dictate what the market does, you are its bitch. The market values bitcoin. Account for this or go broke.

[Anonymous No.22664728]

The only people who are rabidly anti-bitcoin are 2017 latecomers who unironically fell for the shitcoin shilling and are stuck forever holding bags that will never pump

[Anonymous No.22664750]

>>22663218
>>22664426
this confirms btc is predominantly dumb money now, thanks.

[Anonymous No.22664808]

>>22664639
>>It goes up, dragging everything with it
it never does, the only times when altcoins pump is when it crabs retard

[Anonymous No.22664826]

>>22664750
>network get upgraded and security increases because people are putting skin in the game
>this is bad
you have no idea how market works

[Anonymous No.22664831]

>>22663058
>just decouple all coins from it

[Anonymous No.22664866]

>>22664826
ethereum uses a different hash algo retard, those hash rates are in completely different units.
As I wrote, thanks for confirming.

[Anonymous No.22664928]

>>22664866
Ethereum is not competing with BTC.
Ethereum goal is not to replace central banking system like BTc but to create a system for smart transactions, ETH itself as currency is complete trash, a 72% premine, worthless, piece of shit

[Anonymous No.22664983]

>>22664928
your opinion is completely irrelevant poorfag
all you did was exchange your wealth for a worthless ponzi token, making you relatively poorer to everyone else.

[Anonymous No.22665042]

>>22664983
market opinion is never irrelevant
literally, fuck around and find out

[Anonymous No.22665059]

>>22663058
bleed at the altar of bitcoin

[Anonymous No.22665195]

stop being a fucking whiney baby OP you sound like a liberal, trying to control things out of your control. grow up.

[Anonymous No.22665242]

>>22663202
>muh tech!
>NANO is better!
>it's just a speculative asset but YEXPXPXPXZZZ.finance is real tangible wealth!
>it doesn't do anything but my ERC of the moment announced an announcement where they'll announce that they're revolutionizing the supply chain industry!

BTC is literally the only reason all shitcoins aren't worth zero. Show some respect to grandpa and hope to god he lives through the next bull run so you can continue to get rich off your ERC20 pogs.

[Anonymous No.22665276]

>>22663058
Bitcoin is the only reason your scam shitcoins even exist you broke little zoomer faggot. Get on your knees and beg for forgiveness and maybe daddy will bless you with a pump.

[Anonymous No.22665300]

>>22664808
Yeah, after it pumps. Like ETH taking 3 hours after BTC did the powerpump to 11k recently, before ETH started following, and everyone else.

[Anonymous No.22665326]

>>22663994
Go back

[Anonymous No.22665420]

>>22665300
you must live in some alternate universe because for the entirety of 2020 eth has been pulling btc up.

[Anonymous No.22665530]

>>22665420
No, ETH is spastically keeping up with BTC, which is why it's always 2-3x % range of the daily BTC fall/rise %

[Anonymous No.22665554]

>>22665420
I don’t want to crush your feelings but you should seriously look at the marketcap
it’s like saying Xerox has been pulling Apple up
complete non sense

[Anonymous No.22665576]

>>22663202
They hate you for telling them the truth

[Anonymous No.22665623]

>>22665530
>ETH is spastically keeping up with BTC
top kek
Eth this year: +186%
Btc this year: +51%
>>22665554
Wrong, you should look at volume. Btc's marketcap is fake, there are millions btc in dead supply.
Pic: bitcoin, ethereum, usdt.

[Anonymous No.22665632]

>>22663058
I threw all of my alts except ETH into Bitcoin way back when it was under $9k.
It'll pump. Just be patient. All these big businesses and shit buying it are calling it "digital gold" and it is. There's a REASON all of them are buying it up right now, and that is because they know it'll only appreciate long term.
BTC and ETH are the kangz.

[Anonymous No.22665678]

>>22665623
And if BTC were -51%, ETH would be at -186%
It literally gets slingshotted around by BTC.
That said, i don't touch BTC myself and am eagerly awaiting the day BTC fucks off (as soon as there is a proper replacement naturally)

[Anonymous No.22665696]

>>22665678
>And if BTC were -51%, ETH would be at -186%
>-186%

[Anonymous No.22665723]

>>22665696
Are you actually denying that ETH isn't 2-3x% to BTC, whenever daily, hourly, or monthly? BTC jumps 1%, ETH jumps 3%. Do you get it?

[Anonymous No.22665762]

Friendly reminder that the predicted stock/flow price to current price ratio is at 0.1 which is the lowest it's ever been in BTC history. It literally can only go up from here, and the longer it takes to go up the more it'll fucking go up when it does.

[Anonymous No.22665774]

>>22665623
>cherry picking numbers
how about distance from ATH then?
>Btc's marketcap is fake
are you fucking retarded or what? Microstrategy literally bought half billion recently
Grayscale is hoarding without any pause, look at their monthly purchases, they buy in one day the equivalent of 21 days of mining
Others are doing it silently to keep accumulating low

[Anonymous No.22665781]

>>22665723
>Do you get it?
Do you not???

[Anonymous No.22665822]

>>22665762
I'd still be a bit wary about entering right now. For the first time since post-march crash, the short/long ratio top accounts is leaning towards shorts.

[Anonymous No.22666420]

imagine 3 entities, exchanges, bitcoiners and "bitcoiners"
the exchanges become a bank and they carry through with the old message of "power to the people" or something along those lines, i.e the original vision of bitcoin

the bitcoiners who were the prime propellent of the same vision that exchanges reiterate

"bitcoiners" who are regular geese-folk join the message of the original bitcoiners, except these are nothing more than hype followers. they don't understand anything but like to be apart of a vision. they enjoy the exchanges that mimic this same vision but dont have the know-how of what it all means, eventually these crowd and overwhelm the original bitcoiners. what youre left with is a feeble governing law underneath that is in danger to the overwhelming majority that now the bitcoiners and "bitcoiners" are ignorant to

[Anonymous No.22666542]

>>22666420
bitcoin is a tool, use as you want, the only vision is to have no centralization point and be a fortresses of validation, that’s it
we are not doing a philosophical disquisition here

[Anonymous No.22666583]

>>22663058
Imagine ranting against a mister without head.
Bitcoin doesn’t care.
You can kill it.
It’s here to stay.

[Anonymous No.22666621]

>>22666583
Monster

[Anonymous No.22666623]

>>22665678
>And if BTC were -51%, ETH would be at -186%