/biz/ - Business & Finance

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Anonymous Sun Dec 27 15:28:23 2020 No.25219251 [Reply] [Original]

I just dont get it. Look at all the different projects in the cryptospace. Countless alts have better features and are better stores of value than BTC shitcoin. Crypto is innovating. No one gives a flying fuck about old outdated tech. Why is btc still number one? Is it the name? Is the name just more marketable? Are normalfags so stupid they just buy what the chinks and glowniggers tell them to?

>>	Anonymous Sun Dec 27 15:29:17 2020 No.25219275 >>25219251 It's funny your IQ is 120 at best and you call other people stupid.

>>	Anonymous Sun Dec 27 15:29:42 2020 No.25219288 >>25219275 That's being generous

>>	Anonymous Sun Dec 27 15:30:05 2020 No.25219300 File: 89 KB, 1200x1047, midwit.jpg [View same] [iqdb] [saucenao] [google] >>25219251 altcoins are the ultimate midwit trap

>>	Anonymous Sun Dec 27 15:30:13 2020 No.25219304 Brand recognition. You sound like a boomer investor who says "Tesla is a scam!" Boomer cope.

>>	Anonymous Sun Dec 27 15:30:21 2020 No.25219308 >>25219275 Op is at most 100, he is the typical midwit

>>	Anonymous Sun Dec 27 15:30:39 2020 No.25219316 File: 91 KB, 600x800, C78DBA11-5630-4CB2-B440-0940831F6B33.jpg [View same] [iqdb] [saucenao] [google] >>25219251 >MUH TECH >MUH TECH >MUH TECH

>>	Anonymous Sun Dec 27 15:31:01 2020 No.25219329 >>25219251 2017 shitcoiner latecomer cope is so delicious to read clearly the market is telling you you're fucking wrong, but continue to argue against it at your peril.

>>	Anonymous Sun Dec 27 15:31:25 2020 No.25219335 File: 148 KB, 727x639, 1609064497207.jpg [View same] [iqdb] [saucenao] [google] >>25219251 >coins with mc 100000x smaller are better sov

>>	Anonymous Sun Dec 27 15:31:37 2020 No.25219344 >>25219275 More like 70 you dumb fuck

>>	Anonymous Sun Dec 27 15:32:14 2020 No.25219364 >>25219251 immaculate conception and network effects you had 12 years

Anonymous Sun Dec 27 15:32:55 2020 No.25219384

The problem with alts is that /biz/lets actually think that whatever new innovative tech they're using will actually be adopted by massive Fortune 100 companies... just fucking lol. It's pretty much the ultimate fud. Couple that with massive FOMO from missing Bitcoin and people buy alts in droves.
Unironically the only alt worth owning is fucking boomer Litecoin

>>	Anonymous Sun Dec 27 15:33:45 2020 No.25219406 File: 8 KB, 398x145, Opera Snapshot_2020-12-27_153318_boards.4channel.org.png [View same] [iqdb] [saucenao] [google] >>25219251

>>	Anonymous Sun Dec 27 15:34:08 2020 No.25219425 I feel you op. Some alts do have a value proposition. The market will catch up to the fact. Boomers think they got it all figured out, but they dont.

>>	Anonymous Sun Dec 27 15:34:10 2020 No.25219427 >>25219251 i bet you are still driving around burning petrol though

>>	Anonymous Sun Dec 27 15:34:36 2020 No.25219439 >>25219329 the market is fucking idiots

>>	Anonymous Sun Dec 27 15:34:48 2020 No.25219445 >>25219300 This.

>>	Anonymous Sun Dec 27 15:35:05 2020 No.25219457 >>25219300 110 looks insanely comfy. Might have to ADC IFYWIM FYM

>>	Anonymous Sun Dec 27 15:35:11 2020 No.25219463 >>25219406 Based

>>	Anonymous Sun Dec 27 15:35:50 2020 No.25219480 >IQ The only thing IQ as a metric is good for is routing out all the retards who believe in some flimsy bullshit they were told as a kid. In response to OP, I have nothing to say.

>>	Anonymous Sun Dec 27 15:36:49 2020 No.25219510 bitcoin fixed money printing premined altcoins recreate the problem

>>	Anonymous Sun Dec 27 15:37:10 2020 No.25219519 Anti-Bitcoiner cope and sour grapes has been reaching unprecedented levels lately. You stupid pigs rooting around the mud for gems when you had a fucking decade to accumulate.

>>	Anonymous Sun Dec 27 15:37:59 2020 No.25219547 Well, if the tech doesnt matter then why isnt LTC number 1? It's been around for almost the same time period and is a carbon copy of BTC but it's faster. It has the same stellar track record. Maybe even better because it isnt propped up by tether

>>	Anonymous Sun Dec 27 15:39:24 2020 No.25219593 >>25219547 >a carbon copy this is why

>>	Anonymous Sun Dec 27 15:40:30 2020 No.25219624 >>25219439 not as stupid as the idiots who actually thought their copy-paste chink shitcoins would ever outperform bitcoin over the long term LMAO

>>	Anonymous Sun Dec 27 15:41:25 2020 No.25219654 >>25219251 kek, why buy digital gold guys when you could buy digital dogshit

Anonymous Sun Dec 27 15:42:54 2020 No.25219711

>>25219251
>first
>most recognizable
>21M limited supply
>completely decentralized with the creator still unknown even after 12 years
>entrance door to all the other cryptocurrencies

>NOOOO YOUR BOOMER COIN CANT HAVE THE BIGGEST MARKET CAP THERE ARE BETTER COINS

Anonymous Sun Dec 27 15:44:53 2020 No.25219769
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The appeal of btc is as a store of value. Btc is the only crypto that has stood the test of time in security, adoption, and reliability. Those are the reasons it will probably always be #1. The way I understood this concept is by looking at the bitcoin forks, BCH BSV LTC etc. None of those are even close to btc. That confirms that btc is THE store of value because there can only be one money in this space. I get it tho you wish the cooler stuff would be adopted, it will be but just in different ways. Think in terms of the industry as a whole and how it compares to other real life economics and business. Btc is gold, people use it as a hedge. Ethereum is the internet in which applications and processes are built upon, the backbone of this space. Aave and other defi platforms are the banks. Parsiq is the NSA. RSR is USD. BAT is google chrome.
Fuck I just hope that decentralization actually takes off. This is our only chance of living in a utopian wold as opposed to a centralized dystopia ruled by power hungry control freaks.

>>	Anonymous Sun Dec 27 15:45:05 2020 No.25219773 >>25219251 People are too stupid to understand technology and the whales only care about profit. So everyone just buys the the shit that sells the most

>>	Anonymous Sun Dec 27 15:46:45 2020 No.25219825 >>25219251 Because there is no C.E.O of Bitcoin.

>>	Anonymous Sun Dec 27 15:47:19 2020 No.25219840 File: 231 KB, 512x422, 1549066367141.png [View same] [iqdb] [saucenao] [google] I got a chequing account with money. I want to turn some of it into bitcoin. How do I do this? I can't figure it out.

>>	Anonymous Sun Dec 27 15:50:04 2020 No.25219925 >>25219840 why can't you figure it out?

>>	Anonymous Sun Dec 27 15:51:09 2020 No.25219968 >>25219840 Open a kikebase account and deposit your useless fiat there and buy Bitcoin.

>>	Anonymous Sun Dec 27 15:51:14 2020 No.25219970 They'll find out when they learn it supports 6 transactions per second and everything comes crashing down

Anonymous Sun Dec 27 15:51:42 2020 No.25219986

>Better store of value
lmao. I just bought ltc to transfer for cashout since BTC takes forever and ETH gas prices are fucking retarded, and in the 40 fucking minutes and still it's taken, LTC has dived 4 fucking percent, meaning i'll be cashing out less than expected when it fucking arrives.
Fuck this retarded crypto space

>>	Anonymous Sun Dec 27 15:52:30 2020 No.25220013 >>25219439 there is no market. its tether pumping btc like always

>>	Anonymous Sun Dec 27 15:52:48 2020 No.25220027 >>25219251 >he thinks fundamentals matter in crypto or trading in general bro, tesla makes shit cars and they are valued more than all other car companies together, crypto is even more like this, it's a game of hot potato

>>	Anonymous Sun Dec 27 15:53:08 2020 No.25220040 If BTC continues its rise and you buy 1k worth a month you will literally never own a full bitcoin.

>>	Anonymous Sun Dec 27 15:53:20 2020 No.25220051 >>25219480 Nigger detected.

>>	Anonymous Sun Dec 27 15:54:28 2020 No.25220091 >>25219251 If you don’t easily understand why bitcoin is so dominant you will never understand anything.

>>	Anonymous Sun Dec 27 15:55:33 2020 No.25220134 >>25219251 No one cares about store of value and innovation. It's mindless, tulip-mania-tier speculation.

>>	Anonymous Sun Dec 27 15:55:48 2020 No.25220142 >>25219251 >Countless alts have better features nope

>>	Anonymous Sun Dec 27 15:56:26 2020 No.25220154 >>25219251 Name one shitcoin that is better store of value than btc.

Anonymous Sun Dec 27 15:56:43 2020 No.25220161

>>25219925
I made an account on coinbase, tried to buy, credit card declined for suspicious activity. Contacted credit card provider, they said they don't allow crypto purchases. Next.
Tried to add my debit card, invalid card type. Contacted bank to inquire about Visa Debit, told them I wanted crypto and they said their terms of service allows them to decline transactions they don't want to participate in, including crypto. Next.
Whined on /biz/, was told you can e-transfer funds. Look at coinbase payment methods again, only Visa/Mastercard. Back to /biz/, and told you need a coinbase pro account.
Go on coinbase pro, try to add payment method, taken to a empty webpage devoid of any HTML. Look at coins, see no bitcoin only BTC-USDC and other coins I don't recognize. Enter 'bitcoin' in the search field, no identified bitcoin found.

>>	Anonymous Sun Dec 27 15:56:47 2020 No.25220165 >>25220142 >Faster transactions isn't better

Anonymous Sun Dec 27 16:01:04 2020 No.25220292

>>25220091
>If you don’t easily understand why bitcoin is so dominant you will never understand anything.
Why does everyone just post shit like this rather than answer the OP's actual question? Not just this thread, but every time it comes up it's the same, just results is hollow sounding smugness or insults. Surely if there was a legit avast someone would have mentioned it by now.

It just leads me to thinking anons like: >>25220134 are right, and it's just fomo driving this.

If anyone wants to reply to this please give me your actual explanations rather than meme replies. I'm not bashing btc, I'm asking what differentiates it from other cryptos that are arguably better on paper.

>>	Anonymous Sun Dec 27 16:03:38 2020 No.25220365 >>25219439 That’s why we’re rich and you’re poor

>>	Anonymous Sun Dec 27 16:04:38 2020 No.25220389 >>25220161 This is a sell signal

>>	Anonymous Sun Dec 27 16:06:18 2020 No.25220429 >>25220292 You just need to do more research and ask less dumb questions.

Anonymous Sun Dec 27 16:06:55 2020 No.25220445

>>25220292
bitcoin is only "easily understood" if you put in enough time to do the research and reflection

look at protocols we've been using for decades like TCP/IP, email, etc. there were competing protocols that were better on paper. but the snowball of network effects from being the first good enough version were too strong.

>>	Anonymous Sun Dec 27 16:07:11 2020 No.25220456 File: 898 KB, 487x560, 1527060236069.gif [View same] [iqdb] [saucenao] [google] >>25219251 Just wait until you find out how many business systems STILL use Windows XP and COBOL. If it ain't broke don't fix it retard.

Anonymous Sun Dec 27 16:07:31 2020 No.25220466

>>25220292
fuck off faggot, we've been over this shit the last 5 years on this board, if you don't get it by now most people have no interest in spoonfeeding you retards who shat on bitcoin for the last bunch of years thinking your copy-paste chink shitcoins would ever outperform.

Get rekd, faggot.

>>	Anonymous Sun Dec 27 16:07:36 2020 No.25220472 File: 195 KB, 944x1228, 34815817-55D6-4F4D-8AF6-93A681B68ABA.png [View same] [iqdb] [saucenao] [google] >>25219316 Muh btc store of value!!! All hail to the king, everything else is a shitcoin

>>	Anonymous Sun Dec 27 16:08:21 2020 No.25220498 >>25220429 >Meme reply See one or two of you doing that I can blow it off as individual retards or misanthropes, but the fact literally every single reply is like this makes me think no-one has a real answer.

>>	Anonymous Sun Dec 27 16:08:28 2020 No.25220502 >>25220389 kek

Anonymous Sun Dec 27 16:11:33 2020 No.25220586
File: 118 KB, 357x272, Screenshot 2020-11-23 at 18.31.58.png [View same] [iqdb] [saucenao] [google]

>>25219251
Here is the blackpill about decentralized blockchain technology.

Bitcoin is still number one because even if altcoins have 'better tech' they still suck ass at what they try to do.

Bitcoin cash, bitcoinSV, and similar cryptocurrencies can process more transactions in a block or increase the block speed, but its still not enough to run a global payment system. So its a moot advantage over bitcoin. They would all run into the same problems if they got popular enough.

Ethereum and their clones (tezos, cardano, polkadot) can do smart contracts, but the fees are outrageous and they cant yet scale in a decentralized manner. And before some retard claims their pet project CAN scale and that fees on their platform are low, realize that is only because absolutely NOBODY is using it (i.e. the highway is empty).

Also, if ethereum is shit, the tokens that rely on ethereum to work, are also therefore useless.

As such, the only worthwhile use case in crypto is the 'digital gold' angle. Bitcoin slow to use, and has high fees for small transactions. But that doesnt matter if you are simply holding bitcoin as a long term investment. Bitcoin is a deflationary asset with proven 10 year history behind it. If you live in Lebanon, argentina, turkey, or venezuela owning bitcoin is your way of protecting your wealth. If you are scared of the US government debasing the dollar, BTC is worth it. If you want to diversify your assets, BTC is worth it.

Until SOMEBODY drops the bullshit and finds out a way to scale fucking blockchains, BTC will be king.

>>	Anonymous Sun Dec 27 16:11:34 2020 No.25220588 >>25219304 Tesla is overvalued, but the whole market is.

>>	Anonymous Sun Dec 27 16:11:57 2020 No.25220603 >>25220154 ZEC and ETH

Anonymous Sun Dec 27 16:13:51 2020 No.25220662

>>25220445
Thanks for actually answering, this is the only reason I can think of, that it's simply because it's the first. The comparison to TCP/IP is a good one. I just don't know if that's going to be enough long term for it to remain dominant, but certainly seems to be for now anyway.
>>25220466
God, how fucking boring. Why even bother responding, when you're just parroting the same trite shit as every other 4chan tryhard? I even accidentally own btc from when it was $4000, possibly more than you have for all you know. The whole point of this board is for discussing this kind of topic.

Anonymous Sun Dec 27 16:14:19 2020 No.25220678

>>25220161
don't use cards, they come with horrendous fees
Make a Kraken or Binance account, lowest fee in the buisiness
Deposit fiat from your bank account through wire transfer
Buy Crypto
Leave the crypto in the exchange until you reach an amount sufficiently high to learn about wallets

>>	Anonymous Sun Dec 27 16:15:11 2020 No.25220699 >>25220165 faster transactions = less security = defeats the whole purpose of decentralization

>>	Anonymous Sun Dec 27 16:15:58 2020 No.25220729 File: 60 KB, 1026x436, oldfag.jpg [View same] [iqdb] [saucenao] [google] >>25220662 imagine having a 4k cost basis LOL

Anonymous Sun Dec 27 16:17:13 2020 No.25220771

>>25219300
This

OP you're thinking like a technologist
Technology is inflationary, it gets better every year and thus newer = better
But bitcoin is building a consensus, it is making a new tradition, and institution is being built before our eyes
And in terms of a tradition (a consensus across time) the one that has been the biggest the LONGEST is the best, hence older = better

Just like most genetic mutations are cancerous and misadaptive, so too have most shitcoins died out.
Only some strong contenders have overlived the market's throes and stuck around, like ETH and LINK, which carve specific niches out of this limited ecosystem.
Even some large caps are undergoing extinction events like XRP and probably the bitcoin forks this cycle

>>	Anonymous Sun Dec 27 16:18:21 2020 No.25220810 >>25219547 Ltc will won in the long run.

>>	Anonymous Sun Dec 27 16:20:26 2020 No.25220873 >>25220165 nothing is really faster than a lightning payment.

>>	Anonymous Sun Dec 27 16:22:24 2020 No.25220922 >>25220472 This. The "Store of value" meme has gone too far. I could just all in on pokemon cards or art and preach the same thing.

>>	Anonymous Sun Dec 27 16:31:54 2020 No.25221170 >>25220678 Why should I trust kraken or binance?

Anonymous Sun Dec 27 16:34:29 2020 No.25221235

>>25219251
>Crypto is innovating
No one ever gave a real fuck about crypto. People are only interested in making money. The majority of traders have no idea how blackchain tech works nor the difference and the tech behind all the coins out there.

Nobody cares about the "use" of crypto. It has none anyway nesides being traded.

>>	Anonymous Sun Dec 27 16:34:42 2020 No.25221243 >>25220161 cash app

>>	Anonymous Sun Dec 27 16:36:35 2020 No.25221307 >>25219251 >Best name >First mover advantage If you can secure these two things in a field where your qualities are not extremely battle-tested, you just win.

>>	Anonymous Sun Dec 27 16:37:53 2020 No.25221343 >>25221243 Not available in my country

Anonymous Sun Dec 27 16:38:11 2020 No.25221350

>>25220588
I don't get why people think this. Coca Cola was a company originally literally a guy selling wine/cocaine out of a carriage as medicine. I can hop in a self driving car TO-DAY and if you don't think AI/Automation/Aunomous tech is the future I don't know what to tell you.

>>	Anonymous Sun Dec 27 16:38:25 2020 No.25221357 >>25220873 Lightning payment requires on-chain settlement. The transaction isn't finalized until that happens. That means the speed is same. It's also not secure.

>>	Anonymous Sun Dec 27 16:39:29 2020 No.25221387 >>25221307 >Best name >First mover advantage Means absolutely nothing in the long run.

Anonymous Sun Dec 27 16:40:31 2020 No.25221410

This is like asking why Gold is so expensive despite aluminum having more practical utility in comparison

Nobody gives a fuck about different types of metals/alloys and what properties they have. They care about gold because other people consider gold valuable. Other people considering gold valuable drives up its price.

In the same sense, the average person doesn't give a fuck about how technologically superior your anarchist anti-banking internet magic money is in comparison to bitcoin. Bitcoin is just like a shiny rock. It's valuable because other people consider it valuable. Nothing less nothing more.

>>	Anonymous Sun Dec 27 16:43:05 2020 No.25221473 File: 29 KB, 512x512, 1607555767832.jpg [View same] [iqdb] [saucenao] [google] >>25221410 based and redpilled

>>	Anonymous Sun Dec 27 16:46:24 2020 No.25221561 >>25219547 Smaller mining network. Cheaper to attack. Actually outdated tech with no taproot.

>>	Anonymous Sun Dec 27 17:01:36 2020 No.25221993 >>25220292 >hollow sounding smugness >biz Anon you don't know where you are do you

>>	Anonymous Sun Dec 27 17:02:53 2020 No.25222041 >>25220771 Good post, basically summarizes why I'm a maximalist

>>	Anonymous Sun Dec 27 17:04:11 2020 No.25222078 >>25219251 BTC was the proof of concept and it will be utterly destroyed as an example to the others not to meddle in things where you have no authority.

>>	Anonymous Sun Dec 27 17:04:47 2020 No.25222094 >>25219251 alts were invented for those who missed BTC they are designed to accumulate more sats

>>	Anonymous Sun Dec 27 17:05:11 2020 No.25222106 >>25219300 the top altcoins have outperformed BTC over recent years and will continue to do so

>>	Anonymous Sun Dec 27 17:05:31 2020 No.25222114 >>25221993 I don't think it was always this bad, but maybe I'm wrong. It's just that it so transparently comes from a place of deep insecurity.

Anonymous Sun Dec 27 17:08:59 2020 No.25222220

>>25220161
>Contacted bank to inquire about Visa Debit, told them I wanted crypto and they said their terms of service allows them to decline transactions they don't want to participate in, including crypto.
that is complete bullshit, you need to find a better bank

>>	Anonymous Sun Dec 27 17:09:18 2020 No.25222232 >>25222114 It's because there are more shithead normies polluting this pure sanctuary for elite chads. I am better than you and don't forget it.

>>	Anonymous Sun Dec 27 17:09:22 2020 No.25222237 >>25219251 none of those alts are sufficiently decentralized and are all premined junk

>>	Anonymous Sun Dec 27 17:10:23 2020 No.25222273 >>25222106 top altcoins by marketcap?

>>	Anonymous Sun Dec 27 17:11:34 2020 No.25222316 >>25222232 >deep insecurity You're joking, of course, but the sad thing is there are anons here that actually act like this to compensate for something.

>>	Anonymous Sun Dec 27 17:16:14 2020 No.25222449 >>25220922 The store of value meme is going to bring in pension and sovereign wealth funds.

>>	Anonymous Sun Dec 27 17:28:28 2020 No.25222786 >>25219840 Tell your Dad to buy GBTC with his Ameritrade account.

>>	Anonymous Sun Dec 27 17:29:23 2020 No.25222823 Am stupid Can anybody walk me through on how to swap Bitcoin for Monero?

>>	Anonymous Sun Dec 27 17:31:16 2020 No.25222871 >>25219251 >Countless alts have better features and are better stores of value than BTC Name a single coin that's a better store of value

>>	Anonymous Sun Dec 27 17:31:17 2020 No.25222872 File: 100 KB, 500x701, 80f02ef4-a12d-4f08-8c18-8df2093c940f.jpg [View same] [iqdb] [saucenao] [google] >>25219300 >altcoins are the ultimate midwit trap

Anonymous Sun Dec 27 17:32:56 2020 No.25222926

>>25222106
>a few altcoins have out of thousands that died have performed well in the short term

If you are a genius trader that can predict when specific altcoins will pump, sure good for you. But altcoins in general and the people who hold them are losers in the long term. Even ETH still isn't back to its all time highs.

>>	Anonymous Sun Dec 27 17:33:55 2020 No.25222949 purchasing power beats whatever it is that your shitcoin does

>>	Anonymous Sun Dec 27 17:34:02 2020 No.25222952 >>25222872 thanks anon I was looking for that image

>>	Anonymous Sun Dec 27 17:34:52 2020 No.25222966 institutional investors need place to put inflated dollars quick

Anonymous Sun Dec 27 17:36:55 2020 No.25223024

>>25220771
This. It's kind of paradoxical, but Bitcoin has value BECAUSE it's old. I'm finance trust comes with age. It's why none of the old financial world understand why crypto is such a huge thing.
There might come new tech that beats Bitcoin in the future but it's tech needs to be so revolutionary that it's worth giving up your true and trusted Bitcoin for a new technology because you can outcompete the entire market CONSISTENTLY with this new tech. We're talking about a technological jump from Fiat to Bitcoin and not from Bitcoin to "slightly better Bitcoin"

Anonymous Sun Dec 27 17:46:30 2020 No.25223285

>>25223024
>technological jump from Fiat to Bitcoin

exactly

While autists in the space are arguing amongst themselves about which alt is the best, the real movement that's happening is the wave of adoption from traditional finance. BTC is the boomercoin and this cycle we're seeing boomers starting to buy. Boomers are the ones with real money, BTC is their gateway into cryptos, and they will collectively plough trillions of dollars into BTC

>>	Anonymous Sun Dec 27 17:58:28 2020 No.25223595 >>25219251 >better stores of value than BTC shitcoin show me ONE other coin that has had 100% 24/7 365 uptime for ten+ years. now go kill yourself retarded fuck.

Anonymous Sun Dec 27 18:12:05 2020 No.25223947

>>25219251
The institutions are starting off with BTC.It has proven its worth a damn. They aren't going to put billions in ETH and other alts until it has a proven trackrecord. Since ETH is in the Middle of major changes and most alts depend on it, those investments are top risky. For now. ETH Will Flip BTC in 10 years for sure. Be patient.

>>	Anonymous Sun Dec 27 18:13:11 2020 No.25223971 >>25223595 XRP

>>	Anonymous Sun Dec 27 18:15:29 2020 No.25224022 >>25219251 Same as ".com" domain name: It is only the name. But after some years, people learn and finally know enough to not care anymore about the name only. Then they buy Monero.

>>	Anonymous Sun Dec 27 18:16:16 2020 No.25224044 >>25220456 No serious business still runs XP retard unless they altered it and do their own security updates. t. IT fag

>>	Anonymous Sun Dec 27 18:17:01 2020 No.25224063 >>25219986 Moving ADA takes 15 seconds.

>>	Anonymous Sun Dec 27 18:18:10 2020 No.25224087 >>25223971 Centralised shitcoin that beats the core purpose of blockchain tech: decentralisation

>>	Anonymous Sun Dec 27 18:18:21 2020 No.25224092 >>25219251 >he fell for the outdated tech meme

>>	Anonymous Sun Dec 27 18:19:04 2020 No.25224109 >>25222106 >what is survivor bias >what is liquidity >what is social scalability

>>	Anonymous Sun Dec 27 18:22:01 2020 No.25224172 >>25224063 Moving EOS takes 0.5 seconds. I don't know if you know this anon, but transaction times don't mean shit for price. Just look at Nano.

Anonymous Sun Dec 27 18:22:37 2020 No.25224188

>>25219251
first mover's advantage anon, BTC isn't even turing complete, everything that uses blockchain technology is pretty much only using ETH because of its flexibility, BTC is just a "store of value" at this point although I believe ETH will probably flip it in the long run when its more adopted

>>	Anonymous Sun Dec 27 18:22:55 2020 No.25224204 File: 437 KB, 1600x1600, 2q3125412213.jpg [View same] [iqdb] [saucenao] [google] >>25219425 Majority of fucking Boomers dont even know alts coins exist.

>>	Anonymous Sun Dec 27 18:26:54 2020 No.25224289 >>25224063 which is ridiculously slow. ada is shit tech compared to avax

>>	Anonymous Sun Dec 27 18:28:53 2020 No.25224337 >>25224063 >>25224172 >>25224289 see >>25220699

>>	Anonymous Sun Dec 27 18:32:32 2020 No.25224445 >>25219547 >Why is gold outperforming silver, silver much better. Think about it dude

>>	Anonymous Sun Dec 27 18:32:45 2020 No.25224451 >>25224337 >faster transactions = less security = defeats the whole purpose of decentralization wrong

>>	Anonymous Sun Dec 27 18:35:03 2020 No.25224517 >>25224087 fgfgdf imagine someone being so salty about XRP. it'll will shine in the future while you reddit neckbeards will be crying over " b-but its centralized shitcoin!!!"

>>	Anonymous Sun Dec 27 18:35:32 2020 No.25224524 >>25223285 >Boomers are the ones with real money, BTC is their gateway into cryptos, and they will collectively plough trillions of dollars into BTC Most of those Bitcoins eventually trickle down to alts.

Anonymous Sun Dec 27 18:36:03 2020 No.25224543

these things run in cycles.
all this argument is just part of the cycle.
we are at the part where a few people start saying "what the fuck is happening?" why is BTC running so much and nothing else is?
and all the maxis laugh and sneer.
but soon enough there will be an altcoin season.
it's just what happens.

>>	Anonymous Sun Dec 27 18:37:29 2020 No.25224579 File: 62 KB, 836x960, zb70iyj.jpg [View same] [iqdb] [saucenao] [google] >>25224524 >trickle down Oh where have I heard that one before

>>	Anonymous Sun Dec 27 18:37:57 2020 No.25224597 >>25224172 I was replying to someone complaining about 40 minute transactions.

>>	Anonymous Sun Dec 27 18:38:01 2020 No.25224598 >>25224524 i actually think there is a limit to how many boomers and institutions will get into BTC. not everyone is that risk tolerant. and it remains highly risky and makes very little logical sense, aside from number go up durrrr

>>	Anonymous Sun Dec 27 18:38:02 2020 No.25224599 >>25219275 i don't think you know how high 120 iq actually is

Anonymous Sun Dec 27 18:38:02 2020 No.25224600
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>>25219251
THE MOST IMPORTANT INVENTION IS PURE DIGITAL SCARCITY

EVERYTHING ELSE CAN JUST BE DONE WITH A FUCKING DATABASE

NONE OF THESE PROJECTS NEED DECENTRALIZATION OR A FUCKING TOKEN

>>	Anonymous Sun Dec 27 18:39:10 2020 No.25224629 >>25224599 that's just the kind of thing a midwit would say

Anonymous Sun Dec 27 18:39:10 2020 No.25224630

>>25219251
These
>>25223947
>>25219711
>>25220586

No clear owner after 12 years makes it the most decentralized. Everybody looked at BTC, made their own alt, and is sitting on millions on undistributed coins just in case their shit takes off. BTC is the most trusted and consolidates the least power. As far as technology goes, it's not being used much for it's intended purpose. To the average boomer they're all just magic beans so level of tech doesn't matter

>>	Anonymous Sun Dec 27 18:39:29 2020 No.25224645 >>25224599 Certainly higher than the anon that made that comment.

Anonymous Sun Dec 27 18:44:49 2020 No.25224795

>>25224579
This btc run is being pumped by newfag FOMO who know nothing about crypto. Everyone buys BTC first when they enter the game. Eventually they start diversifying. The same way they FOMO'ed into BTC, they will FOMO into Alts.

Some of these people are even buying through fucking paypal that doesnt even allow them to withdraw, they dont know what they are doing yet, but they will soon.

>>	Anonymous Sun Dec 27 18:46:12 2020 No.25224841 >>25224600 >NONE OF THESE PROJECTS NEED DECENTRALIZATION OR A FUCKING TOKEN yes they do. tokens act as an incentive, they are needed and are a new asset class.

>>	Anonymous Sun Dec 27 18:46:54 2020 No.25224853 >>25224841 scammers told you that

>>	Anonymous Sun Dec 27 18:47:09 2020 No.25224860 >>25219251 bitcoin is the poster child of crypto boomers just recently learned about crypto and they're all buying it up

>>	Anonymous Sun Dec 27 18:47:34 2020 No.25224871 >>25224600 literally this. its all fun and good but the reality is that you just want to get rich too, thats why youre mad at btc dominance.

>>	Anonymous Sun Dec 27 18:49:41 2020 No.25224926 >>25224853 https://insights.deribit.com/market-research/why-i-have-changed-my-mind-on-tokens/

>>	Anonymous Sun Dec 27 18:50:49 2020 No.25224949 >>25219251 https://coolrick.medium.com/game-theory-in-dsd-2248d06bec49 this will explain everything

Anonymous Sun Dec 27 18:55:17 2020 No.25225055

>>25221410

This is very true. Intrinsic theory of value is bunk, and is rightly discarded by modern economists. Anyone saying Bitcoin has no intrinsic value is making such a bad argument against it I almost suspect that person of being a Bitcoin maxi.

A much better angle with which to attack Bitcoin is to focus on the relative fragility of digital network effects, Bitcoin's relative lack of real-world utility compared to alternatives, on digital scarcity being quite a silly concept, on the risk of growing sovereign hostility, or on the present risk of the tether counterfeiting scheme blowing up and taking a nice chunk of bitcoin with it.

The later point is why I'm sitting out of the whole crypto market arm. The former points are why I intend to get back in when the maxis are all roping, but not to Bitcoin.

>>	Anonymous Sun Dec 27 19:00:37 2020 No.25225192 >>25225055 >The later point is why I'm sitting out of the whole crypto market arm lol the tether fud as been going since 2017.

Anonymous Sun Dec 27 19:03:42 2020 No.25225268

So where can I spend BTC? I know overstock & newegg but those don't have expensive items... Reed Jewelers, Lambo of Miami, Reed of Overland Park & cryptoemporium.eu are some places to get rid of BTC fast during the peak... gyft.com does not work & the fuckers didn't get back to me... are there sites that have items in the thousands & tens of thousands of dollars range? (stuff between $500 gift cards and Porsches??) ...I'm looking to spend the 60% of my BTC on land and houses, 30% on cars and 10% on small shit like watches, diamonds, electronics & gift cards. Does anyone know how Propy works and does Utrust or anyone deal with real estate or large acrages whether it be forested or farmable land??? Thank you.

>>	Anonymous Sun Dec 27 19:03:56 2020 No.25225272 File: 33 KB, 415x474, 213123124124.jpg [View same] [iqdb] [saucenao] [google] >>25224579 Once r3tards stop FOMOing on BTC. People will realize

Anonymous Sun Dec 27 19:04:26 2020 No.25225285

>>25224949
This article is largely trash for agreeing with and downplaying the issues with goverance coins, but it does present an interesting question: Bitcoin's integrity relies on the miners who are getting paid to work it. After Bitcoin dries up, and nobody can mine it, will it implode?

>>	Anonymous Sun Dec 27 19:04:27 2020 No.25225284 >>25219825 CZ is unironically the CEO of bitcoin

>>	Anonymous Sun Dec 27 19:06:38 2020 No.25225336 >>25225285 Bump Either it becomes nothing or becomes massive. This is no in between for BTC.

>>	Anonymous Sun Dec 27 19:07:54 2020 No.25225362 >>25225268 Buy illegal stuff with Monero. You can laught, but this is the first REAL usecase for crypto. A usecase crypto is actually really better than regular money.

>>	Anonymous Sun Dec 27 19:08:02 2020 No.25225370 >>25224926 no shit tokens are used to fund early adopters. the incentive is to dump on late adopters and funnel the funds into a new scam token. the token itself is worthless otherwise.

>>	Anonymous Sun Dec 27 19:08:37 2020 No.25225385 File: 234 KB, 702x1013, 1608762827167.png [View same] [iqdb] [saucenao] [google] The airlock is closing seethers.

>>	Anonymous Sun Dec 27 19:11:21 2020 No.25225445 >>25225055 Imagine if you had listened to the mtgox willy/markus bot FUD way back when and avoided bitcoin as a result lmao

>>	Anonymous Sun Dec 27 19:11:46 2020 No.25225458 >>25219711 literally the discovery of abstract scarcity in an extremely secure legacy PoW chain, can only happen once. forks and tech dont matter. lack of innovation or change in BTC is a feature.

>>	Anonymous Sun Dec 27 19:12:31 2020 No.25225479 >>25225285 >After Bitcoin dries up, and nobody can mine it, will it implode? how is that going to ever be the case? do you even know how it works? after all bitcoin is mined, you get paid in transactions. network difficulty will adjust accordingly.

>>	Anonymous Sun Dec 27 19:13:04 2020 No.25225493 >>25225370 This is the shortest explanation on how people get rich off shit coin. All you need is a bit more extra time on your hands. DO NOT SLEEP ON THIS

Anonymous Sun Dec 27 19:13:30 2020 No.25225509

>>25225370
whatever maxipad. i own btc but i'm still up hundreds of % on my last ICOs. avax can also act as a store of value, is more decentralized than btc with 658 nodes, allow subnets and way better tps and finality.
you just need 25-30% to do a 51% attack on bitcoin.

Anonymous Sun Dec 27 19:14:27 2020 No.25225543

>>25224795
You're expecting too much of the average normie and even if that were to happen there is no guarantee they'd buy your specific bag.
But even if this were to be a mass phenomenon and people that buy Bitcoin will eventually some day buy alts, why would you ever wait for that? Bitcoin is the gateway into crypto. All the new money that goes into crypto goes into Bitcoin first and maybe eventually later trickles down to alts. The money flowing away from Bitcoin and into alts would need to be greater than new money coming in to beat Bitcoin. 99% of people are not into crypto. 99% of people's money still has to go through Bitcoin before alts see any of that.

>>	Anonymous Sun Dec 27 19:15:26 2020 No.25225567 >>25225362 Illegal things like drugs and bullets tend to disappear after using them one time. I want to resell my land & cars... anything, anons??

>>	Anonymous Sun Dec 27 19:17:46 2020 No.25225639 >>25225567 Regular money.

>>	Anonymous Sun Dec 27 19:18:20 2020 No.25225648 >>25225567 dollars a pretty useful you know. you can buy all sorts of things with them

>>	Anonymous Sun Dec 27 19:19:54 2020 No.25225686 >>25225639 >>25225648 >regular money Sure if you enjoy Jews stealing straight out of your pocket with their printing presses

Anonymous Sun Dec 27 19:20:49 2020 No.25225720

>>25225055
lol BTC is basically already set to become a global settlement standard, its on track to achieving a 1% global hedge at that point it will be as good as fiat or any other traditional asset class and the pipeline for liquidity will have been laid. 1% global hedge is 1.8m per btc btw. it literally makes no sense not to own some in your portfolio unless you genuinely have fun staying poor.

Anonymous Sun Dec 27 19:25:59 2020 No.25225853

>>25225192

It'll remain FUD until the Biden admin is in. I think you can safely enjoy the pump until then. Probably.

They're waiting because they need to put a comprehensive system in place to try to keep a lid on as many commodities as possible before moving strongly against crypto. They can knock the legs out from under it any time they want, but they don't want that money flooding into commodities either. Or at least they want to be ready to absorb it with derivatives and manipulation (they will call it "stabilization").

>>	Anonymous Sun Dec 27 19:26:59 2020 No.25225889 >>25225686 I'm realistic. You are dreaming, imo.

>>	Anonymous Sun Dec 27 19:27:58 2020 No.25225915 >>25225853 just dont own tether, problem solved.

>>	Anonymous Sun Dec 27 19:29:45 2020 No.25225962 >>25225889 Enjoy realistically having your savings stolen from you.

>>	Anonymous Sun Dec 27 19:32:24 2020 No.25226027 >>25225962 the us was never meant to be a long term store of value. anybody saying muh printing press is financially illiterate

>>	Anonymous Sun Dec 27 19:33:10 2020 No.25226049 >>25225962 Enjoy your soon to come mega-crash because Bitcoin has zero usecase in real life.

>>	Anonymous Sun Dec 27 19:33:20 2020 No.25226052 >>25219384 Facts

>>	Anonymous Sun Dec 27 19:33:48 2020 No.25226066 >>25226027 >the us was never meant to be a long term store of value. Yes it was. That's why it was backed by gold for most of its existence.

>>	Anonymous Sun Dec 27 19:34:11 2020 No.25226075 >>25219300 You people are literal npc’s until proven otherwise

>>	Anonymous Sun Dec 27 19:35:53 2020 No.25226123 >>25226066 and there is a reason why we went off the gold standard

>>	Anonymous Sun Dec 27 19:42:05 2020 No.25226293 >>25221357 >The transaction isn't finalized until that happens. yes and no, from the buyers perspective it's final. and 99.98% of the users will only spend like with credit cards.

>>	Anonymous Sun Dec 27 19:42:23 2020 No.25226303 >>25226049 Oh look it's the resident r/buttcoin shitposter. you retards have been saying that since 2013.

>>	Anonymous Sun Dec 27 19:43:07 2020 No.25226331 >>25221357 >It's also not secure you are too stupid for this world that's your problem

>>	Anonymous Sun Dec 27 19:45:24 2020 No.25226397 >>25226123 Yes, that reason is so that the government can print arbitrary amounts of money and take the value out of your bank account without you noticing.

>>	Anonymous Sun Dec 27 19:47:28 2020 No.25226445 >>25220161 Try buying eth on metamask with your debit card you fucking worthless newfag.

>>	Anonymous Sun Dec 27 19:47:44 2020 No.25226454 >>25226123 there are several reasons, but the most obvious is the eternal problem of overspending.

>>	Anonymous Sun Dec 27 19:50:13 2020 No.25226509 I love how people are starting to doubt a monumental altcoin season is coming. Smart money is silently buying solid Defi/NFT projects. But hey you guys can stick with boomer coin for all I care.

Anonymous Sun Dec 27 19:50:24 2020 No.25226517

>>25226397
if you are stupid to keep your value in cash you deserve everything you get.

inflation is a tax on stupid. on the other hand it's the final solution to manage out of control debt. greece really got the shaft with the euro is a good example why you don't want a money you can't devalue when needed.

>>	Anonymous Sun Dec 27 19:52:13 2020 No.25226561 >>25219288 >That's being generous that's what "at best" means in this context dumbass

>>	Anonymous Sun Dec 27 19:54:22 2020 No.25226617 >>25226517 >it's okay for the government to steal from dumb people Very interesting code of ethics you have there

>>	Anonymous Sun Dec 27 19:55:47 2020 No.25226659 >>25224599 120 in 2020 is low af

>>	Anonymous Sun Dec 27 19:56:46 2020 No.25226682 >>25219251 No other crypto is a better store of value because no other crypto has btc's track record in security. Simple as that. POS is still unproven

Anonymous Sun Dec 27 19:57:05 2020 No.25226691

>>25226617
just don't be dumb it's not like the information is a super secret. all the peasants know that fiat gets constantly devalued and prices go up over time. they also know that some commodities stocks funds bonds and real estate keeps the value better than fiat.

there is conspiracy here. and the alternative is way worse. a deflationary currency don't really add benefits at all as again shown by greece, but it makes a country incredibly vulnerable. its just plain stupid.

also now people have access to bitcoin. so i just can't feel sorry for idiots that cry about their money losing it's value if they are too stupid to invest or at least hedge..

>>	Anonymous Sun Dec 27 19:58:07 2020 No.25226714 >>25226691 there is *no conspiracy

Anonymous Sun Dec 27 20:02:52 2020 No.25226838

>>25226691
>all the peasants know that fiat gets constantly devalued and prices go up over time.
That's not true. The average 98 IQ normie has no idea how inflation works and why their money depreciates over time.

> they also know that some commodities stocks funds bonds and real estate keeps the value better than fiat.
Again, you're significantly over-estimating the knowledge base of the average normie. Most know absolutely nothing about how investing works. It's something exclusively for "rich people".

It's never okay for the government to prey on the uninformed. People should be able to live normal uninteresting lives without worrying about an invisible hand dipping into their pocket and stealing their rightful property. While they would be better off investing in Bitcoin or literally anything but fiat, most just don't have the base knowledge to know where to begin with all that. You sound like you live in a bubble.

>>	Anonymous Sun Dec 27 20:06:22 2020 No.25226917 >>25225268 >>25225362 Just be sure you can document where your wealth comes from... or the gobernment may rightfully take it all from you

Anonymous Sun Dec 27 20:09:48 2020 No.25227001

>>25226838
>The average 98 IQ normie has no idea how inflation works and why their money depreciates over time.
lol you are completely deluded
>Again, you're significantly over-estimating the knowledge base of the average normie.
i know simple people from the extended family peasants if you like. they only have a bank account to receive their paycheck and immediately withdraw it to cash. they know exactly what inflation is. they just don't have any money to save.
>It's never okay for the government to prey on the uninformed.
now you are just playing roger ver. meh, inflation is not preying. inflation is a defense mechanism that keeps total collapse at bay. and shit gets real bad when they take away this possibility. just fucking google greece man, they almost got completely rekt because they couldn't devalue their currency.

the gold standard is the most retarded shit ever. fiat is a miles and miles more advanced and durable system.

>>	Anonymous Sun Dec 27 20:11:15 2020 No.25227029 >>25224630 >Everybody looked at BTC, made their own alt Not entirely true in the case of xrp https://www.google.com/amp/s/thenextweb.com/hardfork/2018/08/16/blockchain-cryptocurrency-bitcoin-ripple/amp/

Anonymous Sun Dec 27 20:17:22 2020 No.25227182
File: 77 KB, 645x729, brainlet1.png [View same] [iqdb] [saucenao] [google]

>>25227001
>inflation is a good thing
pic related

> just fucking google greece man
It was reckless spending that put them in that position. Sometimes a system collapse is both necessary and good for the same reason forest fires are sometimes good.

Anonymous Sun Dec 27 20:20:04 2020 No.25227257

>>25227182
inflation is like the floodgates on a dam.
it's not a good thing it's a necessary thing when the flood comes or the damage is catastrophic when the structure gives.
>It was reckless spending that put them in that position.
yes but that seems to ALWAYS happen no matter the time or country. people in charge always assume good times come and overestimate future income and want to spend early.

and that is the criminally insane problem. sadly gold standard would only make it worse. and if you remove that fiat is a perfect system as is.

Anonymous Sun Dec 27 20:21:55 2020 No.25227305

>>25227182
>Sometimes a system collapse is both necessary and good for the same reason forest fires are sometimes good.
i know what you mean i just don't think you know what it would mean for the very people you think get the shit end of the stick with inflation.

it would be horrible for those living in the woods you let burn. sure the economy would rejuvenate after bullshit business is purged in the flames. yeah but lives and families would be brought to ruin over and over get into debt so badly they never come out of it.

>>	Anonymous Sun Dec 27 20:22:58 2020 No.25227329 Nobody fucking care about what the coins actually do. People want to make money, and that is all there is to it. Who the fuck cares about the tech? For all we know 99% of the top coins are not even implemented properly.

>>	Anonymous Sun Dec 27 20:23:40 2020 No.25227347 >>25226445 I never heard of metamask. Why should I trust it? Even if putting money into crypto risks throwing it away, throwing it away on a scam posing as a broker would be the most painful of all.

>>	Anonymous Sun Dec 27 20:31:37 2020 No.25227529 >>25227329 as arthur hayes aptly put doesn't matter if it's dogshit if it can be traded then people will want to trade it.

>>	Anonymous Sun Dec 27 20:33:23 2020 No.25227569 File: 829 KB, 1242x930, 1608457602473.jpg [View same] [iqdb] [saucenao] [google] >>25227529

>>	Anonymous Sun Dec 27 20:34:31 2020 No.25227595 >>25219251 Cope seethe dial 8 ywnbaw

>>	Anonymous Sun Dec 27 20:34:45 2020 No.25227599 >>25227569 he said it when they listed xrp tho

>>	Anonymous Sun Dec 27 20:39:32 2020 No.25227710 >>25226917 i ain't documenting shit. giving someone with a usb is not taxable. So do you know what land or house or another car seller accepts BTC or XMR??? Thank you.

>>	Anonymous Sun Dec 27 20:42:37 2020 No.25227803 >>25220161 >no bitcoin only BTC-USDC and other coins I don't recognize. Ente I feel like the normies this bullrun are stupider than last time.

>>	Anonymous Sun Dec 27 20:45:03 2020 No.25227881 >>25222106 Its not just gains though. It's time gains too. Hold btc then swing to alts in alt season. Better than the idiot 100% altcoiners losing money right now.

>>	Anonymous Sun Dec 27 20:45:25 2020 No.25227890 >>25227803 Sounds like you've got knowledge worth sharing. Fill me in.

Anonymous Sun Dec 27 20:50:17 2020 No.25227986

>>25219329
>market

This "market" is a scam and bitcoin has no practical use. Eth was great for getting 500 ico scams off the ground. It's also slow as fuck with retarded gas fees. This "market" has no value and once the tether bubble bursts it will drag everything down with it.

>>	Anonymous Sun Dec 27 20:52:20 2020 No.25228030 >>25219251 >No one gives a flying fuck about old outdated tech. Obviously they do if they’re buying btc. How new are you?

>>	Anonymous Sun Dec 27 20:53:41 2020 No.25228074 >>25227986 >bitcoin has no practical use lol people can bitch about inflation endlessly then declare bitcoin has no practical use

>>	Anonymous Sun Dec 27 20:54:12 2020 No.25228097 File: 8 KB, 216x233, brainlet2.jpg [View same] [iqdb] [saucenao] [google] >>25227986

>>	Billy Pilgrim Sun Dec 27 20:55:43 2020 No.25228123 First mover, most trusted, highest liquidity.

Anonymous Sun Dec 27 20:57:45 2020 No.25228183

>>25219251
If you believe in multicoining then you do not believe digital scarcity exists because in your world you can always just print a new coin with a new supply. Bitcoin is the only true digital scarcity in existence and is being valued accordingly. Added features, performance, bells and whistles are all completely meaningless. You might not understand bitcoin right now, no one does at the start. But you will.

>>	Anonymous Sun Dec 27 21:08:07 2020 No.25228416 >>25219251 noob

>>	Anonymous Sun Dec 27 21:08:12 2020 No.25228418 >>25224841 The best incentive is no incentive

>>	Anonymous Sun Dec 27 21:12:17 2020 No.25228521 >>25224599 Wow anon way to out yourself as a fucking cavity brain

Anonymous Sun Dec 27 21:12:31 2020 No.25228526

>>25228183
>If you believe in multicoining then you do not believe digital scarcity exists because in your world you can always just print a new coin with a new supply.

which you can. and people have. and they're listed on the same exchanges. paypal sells litecoin and bitcoin cash and ethereum.

i just don't get it. i'm not saying those coins are necessarily more worthwhile, but bitcoin is not scarce except in a very immaterial and abstract sense.

>>	Anonymous Sun Dec 27 21:14:55 2020 No.25228595 >>25227986 >more nocoiner cope you had 12 years, faggot

>>	Anonymous Sun Dec 27 21:15:38 2020 No.25228612 >>25219251 You are missing the important part.

>>	Anonymous Sun Dec 27 21:15:55 2020 No.25228617 >>25227347 Educate yourself, I'm not going to spoonfeed you on how metamask works.

Anonymous Sun Dec 27 21:19:16 2020 No.25228688

>>25228526
Ok if you struggle with the concept of why multicoinism renders all alts obsolete then lets think about an argument from another standpoint. Think about all these projects that arent btc. They all have a name or foundation behind them that is prone to government censorship. See what happened to xrp lately. Also see the kucoin hack in which the entities that run various erc20 projects just froze the hackers funds or printed new tokens to cover the stolen ones. Bitcoin is the only asset that is truelly censorship resistant and has no centralized entity or person that can be targetted.

>>	Anonymous Sun Dec 27 21:20:41 2020 No.25228724 >>25220771 >>25220771 >>25220771 LISTEN TO THE GALAXY BRAIN, FELLAS.

>>	Anonymous Sun Dec 27 21:36:28 2020 No.25229047 >>25219251 Its just that its the best on boarder imo. No shit the defi tokens are doing wonders, but it is what it is

>>	Anonymous Sun Dec 27 21:38:42 2020 No.25229095 >>25219275 I wouldn't call him stupid, there are not many projects with th ekind of adoption BTC has, maybe with what AB is doing they can gain some traction. Just like what LTC or LINK have got

>>	Anonymous Sun Dec 27 21:41:47 2020 No.25229160 >>25219300 Thats the bull BTCs been selling for a long while now. Now what sort of campaign has BTC got going nothing. There are other projects doing far better in the Defi space than BTC and will get recognition pretty soon

>>	Anonymous Sun Dec 27 21:44:07 2020 No.25229213 >>25219275 You call him stupid and at the same time claim he has 120 IQ ..kek irony

>>	Anonymous Sun Dec 27 21:44:36 2020 No.25229223 >>25224599 lab technician high school math or science teacher librarian detective accountant military officer 120 IQ is hardly "high". you have very low standards

Anonymous Sun Dec 27 21:45:13 2020 No.25229237

>>25228688

again, no. in what way does another pow-based crypto currency, say litecoin, differ from btc? it really does not.

if you can't come up with a real value proposition here then i don't see how bitcoin can fetch such a high price in a "free market". it must be that bitcoin is covertly promoted and "backed" (by way of its promotion and resulting liquidity) by some group of people.

i do not trust it, because it serves no real purpose. now is it a bad investment compared to altcoins? that's a different question. perhaps it is, perhaps it isn't. i'm certainly not very confident in bitcoin due to its technical design, and most of it, like most crypto, is unaccounted for.

>>	Anonymous Sun Dec 27 21:48:20 2020 No.25229302 >>25219275 Is your IQ 50 to not know that 120 is good?

>>	Anonymous Sun Dec 27 21:48:20 2020 No.25229303 >>25229237 Value proposition: censorship resistant store of value

>>	Anonymous Sun Dec 27 21:48:44 2020 No.25229315 >>25229095 I agree I kinda noticed Albt after their recent pump good concept to pursue but it all boils down to adoption. There has been many hot pumps but never mature

>>	Anonymous Sun Dec 27 21:51:19 2020 No.25229385 >>25229223 None of those professionals typically necessitate a 120iq Honestly, you're all greatly overestimating your own iq, you don't even seen to understand how iq scoring works

>>	Anonymous Sun Dec 27 21:51:21 2020 No.25229388 >>25229223 How much do you think your IQ is.. FML

Anonymous Sun Dec 27 21:51:33 2020 No.25229393

>>25229237
>it must be that bitcoin is covertly promoted and "backed" (by way of its promotion and resulting liquidity) by some group of people.

and isn't this a precarious state of affairs? nobody needs bitcoin for anything, and nobody backs it publicly. i've never been so irritated to make money with something, because it doesn't feel like i've made a good decision. it feels like i've won at a slot machine by buying my half-a-bitcoin a few years back.

Anonymous Sun Dec 27 21:52:46 2020 No.25229427

>>25229303
>censorship resistant store of value

what the fuck does that even mean? i can buy silver and it will store value. nobody can "censor" it. nobody would bother to confiscate it. the only argument against that is bitcoin has inexplicably performed better than silver.

>>	Anonymous Sun Dec 27 21:52:46 2020 No.25229428 >>25229388 >>25229385 clinically tested, albeit when I was a teenager. 3 days of grueling shit. 168. You have no fucking idea.

>>	Anonymous Sun Dec 27 21:53:37 2020 No.25229448 >>25229315 They have been consistent. The dumps are not bad at all even during a presale unlock. This pump was a long over due if you have been following

Anonymous Sun Dec 27 21:55:09 2020 No.25229483
File: 17 KB, 399x250, iq-scale.png [View same] [iqdb] [saucenao] [google]

>>25229428
Get tested again, your iq isn't static and your iq score when you were tested will most likely be ranked by age, so you were only intelligent compared to your peers, not to adults.

>>	Anonymous Sun Dec 27 21:55:27 2020 No.25229491 >>25229448 Nah, that was just a binance pump just like how it would happen again if they had a coinbase listing too

>>	Anonymous Sun Dec 27 21:55:39 2020 No.25229497 File: 130 KB, 908x658, 1.-Dunning-Kruger.png [View same] [iqdb] [saucenao] [google] >>25229428 There is a 0 percent chance you have a 168 IQ based on your post history in this thread.

Anonymous Sun Dec 27 21:55:59 2020 No.25229501

>go to BTC "ATM"
>request to withdraw $20 to your hardware wallet
>That will cost you $6 in fees sir
>The year is 2025 and China has 80% of the hash power because it stopped being profitable for everyone else
>Transaction takes 60 minutes to complete, there are now 10 people in line behind you

>>	Anonymous Sun Dec 27 21:57:26 2020 No.25229538 >>25229428 Damn.. the fuck are you doing here then. Dont need any idea to fucking read a fool. 168 my ass

>>	Anonymous Sun Dec 27 21:57:50 2020 No.25229547 >>25229427 "Nobody will bother to confiscate it" (in your opinion) is not the same as can never be confiscated

Anonymous Sun Dec 27 21:58:17 2020 No.25229557

>>25229501

it won't work like that, it obviously can't work like that. organizations like paypal that offer non-custodial "wallets" can facilitate faster transactions, either using something like the lightning network or some internal bookkeeping mechanism, but doesn't this defeat the purpose?

Anonymous Sun Dec 27 21:59:41 2020 No.25229573

>>25229547

look, the nsa can lift your private keys any time they like. how is that any more secure than metal in the safe? i've been through this conversation before. i wish i could convince myself to hold onto my bitcoin, because it seems to be making money. but it doesn't make sense. not at all.

>>	Anonymous Sun Dec 27 21:59:50 2020 No.25229578 >>25229491 That was more of an anticipated bridge to roll in tradition finances into defi than just another binance listing. Check out what there are trying to build

>>	Anonymous Sun Dec 27 22:00:07 2020 No.25229582 >>25229428 this never happened, bro. get a grip.

>>	Anonymous Sun Dec 27 22:01:05 2020 No.25229603 >>25229573 >the nsa can lift your private keys Wat

>>	Anonymous Sun Dec 27 22:02:26 2020 No.25229632 >>25229578 So are you claiming that Albt are on boarding institutions successfully

>>	Anonymous Sun Dec 27 22:03:23 2020 No.25229650 >>25229603 don't be a smartass.

>>	Anonymous Sun Dec 27 22:05:10 2020 No.25229691 >>25229650 You can literally store your bitcoin in your mind. And if you are using bitcoin propetly the nsa womt even know you hold any..

>>	Anonymous Sun Dec 27 22:06:00 2020 No.25229714 >>25229497 This dudes a riot. Just spitting numbers out of his ass..kek

>>	Anonymous Sun Dec 27 22:06:35 2020 No.25229726 >>25221235 >blackchain

>>	Anonymous Sun Dec 27 22:07:32 2020 No.25229746 >>25229691 what, you're going to generate a key pair right in your head? do you have 168 iq like blue ID up there?

>>	Anonymous Sun Dec 27 22:08:47 2020 No.25229783 >>25219251 bitcoin is a scam. long the scams. >IQ 140

>>	Anonymous Sun Dec 27 22:09:29 2020 No.25229799 >>25229573 How do you figure. To check each an every transaction and store wallets would need farms of server space to confiscate relevant wallets. This is just paranoia

Anonymous Sun Dec 27 22:10:14 2020 No.25229820

>>25229483
This is an interesting idea. If I get the time I might look into that. I only bring it up because I believe people are confusing high IQ with outlier IQ. Sure someone with a high 100-130 IQ can excel in the sciences (especially today with little to no entrance barrier these days, not unlike the internet...but I digress)
compare the population and occupation mean. and you will see that 99.9% of the people presented to you as "high IQ" are usually anywhere between 100-130. There are rare outliers beyond this, but they usually suffer such lack of instinctual behavior that they cannot function socially, so you hear little of them.

the standards have slipped is all I am trying to impress. outlier IQ (130+) is no longer a requisite for an academic career, and we have substituted ~120 IQ individuals to this role.

The occupations I listed are those becoming of a 120 IQ, this is historically accurate and any perceived deviation from this is purely social. We could argue all day on why that seems to be the case.

>>	Anonymous Sun Dec 27 22:11:11 2020 No.25229839 >>25229746 >what are seeds Christ.

>>	Anonymous Sun Dec 27 22:11:24 2020 No.25229844 >>25229632 More like laid the foundations. The institutions are anyway bound to adopt crypto. AB is just bridging them

>>	Anonymous Sun Dec 27 22:11:52 2020 No.25229860 File: 29 KB, 463x462, the-face-reggie-makes-when-he-thinks-about-the-ios-app-store.large.jpg [View same] [iqdb] [saucenao] [google] >>25227986 He's correct. And the reactions to the tether scam imploding is going to be great.

Anonymous Sun Dec 27 22:13:02 2020 No.25229890

>>25229799

or they can just life the private key directly off your hard drive with the backdoor built into your CPU/microcode. they only need a copy of the blockchain to know what you're worth, and the process would be trivial to automate. bitcoin is no more than your computer is, which is to say not at all.

>>	Anonymous Sun Dec 27 22:13:24 2020 No.25229896 >>25229726 Our trademarked Ethni-Chain efficiently detects and rejects whitoids, disenfranchising them from the Blackchain revolution

>>	Anonymous Sun Dec 27 22:14:32 2020 No.25229921 >>25229890 Anon your seed never touches a harddrive or it shouldnt if you know what you are doing

>>	Anonymous Sun Dec 27 22:14:51 2020 No.25229931 >>25229839 what do you use to generate transactions and figure your public address? unless you punched it into an air-gapped ti83+ then they have it.

>>	Anonymous Sun Dec 27 22:15:04 2020 No.25229940 >>25219251 It is the name for sure. Amazing name is why it even had success from the beginning. Normies don't understand the technology and why it is shitty tech. Especially boomers. Now boomers are buying it from their investment accounts.

>>	Anonymous Sun Dec 27 22:16:15 2020 No.25229963 >>25229820 Dude you cant employ ppl based on their IQ. Its basically irrelevant for regular folk. It only becomes relevant when you are crossing a certain threshold. These numbers are fun when we were in school but your IQ then is not the same now

>>	Anonymous Sun Dec 27 22:16:25 2020 No.25229965 >>25229940 i think it's a shitty name

>>	Anonymous Sun Dec 27 22:19:01 2020 No.25230026 >>25229890 ok lets assume its that simple, where is the line then. Not fiat if thats what you are getting at as the same applies there as well plus its fiat

Anonymous Sun Dec 27 22:19:52 2020 No.25230046

>>25229963
You seem to have it backwards. You don't employ people on their IQ, you employ them on their cognitive abilities, which are measured by IQ.

So the scale of cognitive abilities relative to occupation has shifted. I do not have the time today to flesh out why that is.

Anonymous Sun Dec 27 22:21:42 2020 No.25230094

can you use bitcoin securely? not in any practical sense, and you'll probably still be inclined to hand over your private keys if they put the boots to you. PMs are at least as secure, and arguably much more so. again, whether they're a better investment is another question, but i don't see bitcoin's purpose from a utilitarian point of view.

>>	Anonymous Sun Dec 27 22:21:42 2020 No.25230095 >>25229844 Sensible as I said, but why would the institutions use AB. Where is the move to adoption, It took 7 years all the coke and its billions to get BTC noticed.

Anonymous Sun Dec 27 22:22:19 2020 No.25230105

>>25229820
You understand that you can't compare iq numbers today with ones from the past right? I'm still not sure you understand how iq rating works, which is weird considering you believe you had a 168iq. A 120iq in 2020 probably requires more "intelligence" (not really the right term as iq is only a narrow strata of overall intelligence) than achieving a 130iq, say, 30 years ago.

Anonymous Sun Dec 27 22:25:07 2020 No.25230158

>>25230026
>where is the line then

the line is using hard currency like metal, like any human being with a modicum of common sense would. i'm not saying don't invest in bitcoin, but why can't we talk candidly about its merits and drawbacks? at least for our own benefit and understanding, we should. i think bitcoin is nonsensical.

Anonymous Sun Dec 27 22:25:38 2020 No.25230173

>>25230046
Fair enough, who do you think has been tested for IQ on a job interview, assuming thats even the case what makes you think the dude who got employed will remain with the same IQ. As I said its only a figure and only relevant beyond a certain score

Anonymous Sun Dec 27 22:27:01 2020 No.25230210

>>25229820
>>25230105
Just to clarify with your examples, a high school science teacher in 1950 might well have had a 120iq because being a high school science teacher meant you were smaller then the general population. Today you might only need an iq of 105 for the same profession, because life in general has moved on and most professions require more brainpower on average than they did in 1950. The 105iq teacher in 2020 isn't any less intelligent than the 120iq teacher in 1950 though.

>>	Anonymous Sun Dec 27 22:27:12 2020 No.25230216 >>25229860 any day now right?

Anonymous Sun Dec 27 22:27:37 2020 No.25230231 [DELETED]

>>25230094
cont.

perhaps it's just that i don't have enough wealth to protect. perhaps i do not see the world from a rich cosmopolitan's point of view. where else would this desire for an unaccountable and inherently worthless currency come from, othe than people who are inherently worthless and unaccountable?

Anonymous Sun Dec 27 22:28:33 2020 No.25230251

>>25224630
>consolidates the least power
That's unironically why btc will always remain just a speculative asset as opposed to an actual medium of exchange (i.e. a genuine currency). Think of it as the great man theory of history just applied to the financial system.

And OP is right that there are other vehicles that have more solid design fundamentals for facilitating transactions and may end up being adapted for transactions with an underlying good or service. But that requires it to develop price stability relative to fiat. What remains to be seen is if any will, but I would imagine any that do will moon immediately before.

Anonymous Sun Dec 27 22:30:21 2020 No.25230296

>>25230158
I agree with the bitcoin bit, I am not here apingon btc. It is nonsensical to get in above 20k to celebrate a 20 -30% price action. But I am not sure what you mean by blockchain being dicey and what do you mean by metal, do you mean barter it

Anonymous Sun Dec 27 22:31:20 2020 No.25230319

>>25230094
cont.

perhaps it's just that i don't have enough wealth to protect. perhaps i do not see the world from a rich cosmopolitan's point of view. where else would this desire for an unaccountable and inherently worthless currency come from, other than people who are inherently worthless and unaccountable, like cosmopolitan socialites.

>>	Anonymous Sun Dec 27 22:31:32 2020 No.25230326 >>25219251 Bitcoin dies in January; all your questions will be answered

>>	Anonymous Sun Dec 27 22:32:45 2020 No.25230359 >>25230326 thank sweet merciful god.

>>	Anonymous Sun Dec 27 22:34:23 2020 No.25230396 retardfag chiming in i just want to escape inflation das the only reason i bought 1 btc recently

>>	Anonymous Sun Dec 27 22:34:35 2020 No.25230400 >>25230095 Rome wasnt built in a day. The amount of defi projects lining up for partnerships with AB should add up. All their tech in one marketplace more like should motivate and make it easier to on board to effect

Anonymous Sun Dec 27 22:35:31 2020 No.25230419

>>25230210
this is correct relatively speaking. What you are inferring is that roles that require high levels of cognition are no longer reserved to those with high levels of ability. This is perhaps for technological or social reasons, but from my perspective if the scale of cognitive abilities remains somewhat constant in so far as the testing remains consistant, my point stands that there is a shift in cognitive ability to occupation. The part you all seem to be missing is; what happens to the outlier high IQ individuals as this scale shifts? Is there perhaps a correlation between this shift and the lack of originality and innovation we see today? where everything is just a reiteration of the same things?

'We do not posses the ability to reconstruct the pyramids today' is a phrase I hear a lot.

Well would it shock you that the same could be said for Concorde. This shift is not just some arbitrary motion, it is clearly evident everywhere you look.

TL;DR Idiocracy

Anonymous Sun Dec 27 22:38:56 2020 No.25230488

>>25229237
>in what way does another pow-based crypto currency, say litecoin, differ from btc?
Litecoin has less hash power so it's cheaper to attack. The only thing crypto offers is secure a ledger and Bitcoin does that better than any other crypto.

It's covered in this thread and anywhere that talks about crypto. Why do you braindead faggots come here spouting shit without the slightest clue what you're talking about? Do you go into forums about programming language development and start ranting about how useless assembly language is now that python exists?
>>25229427
>what the fuck does that even mean?
Why not read up on it before you offer your expert advice on things you don't know the meaning of? It's the only fucking reason why I or anyone else was interested in Bitcoin when it came out. The only thing that actually matters is the the thing you dismiss with a shrug. The possibilities that a trustless secure ledger offers are endless. Replacing the corrupt banking system while eliminating most forms corruption currently takes is just a small start.
>silver is "better"
Silver is not a trustless digital ledger. I can't program interactions with your silver holdings or use a public address as proof of funds. You can't move your millions in silver as easily but it's relatively easy to confiscate or steal. It has an infinite supply. It's used by industry so the price is correlated with all kinds of industries you may not want to indirectly invest in.
>>25229931
Even if true that still makes it more secure than a bank or storing large amounts of metals and it's not true, it's retarded. You can get both hardware and software where every part is accounted for so no NSA tap is possible.
>>25230094
>PMs are at least as secure
It has the benefits and drawbacks of being physical. When you buy paper gold there are only drawbacks and I can't even buy physical gold without being taxed.

Anonymous Sun Dec 27 22:39:08 2020 No.25230495

>>25230296

blockchain tech is not dicey per se. distributed ledger technology is absolutely a big deal, and i do understand the nsa is probably not inclined to rob small wallets like ours. but it's really not any more remote a possibility than someone confiscating my small stack of precious metals.

>and what do you mean by metal, do you mean barter it

no, it's a currency, you would pay for things in it. banks could facilitate long-distance transactions with PM-backed digital currency. this is different from fiat and would be denominated in troy ounces or grams of PM.

Anonymous Sun Dec 27 22:39:32 2020 No.25230507

>>25230210
yeah right, say for a perspective IQ is the process ing power for each individual, all I am saying is it ll not remain the same as it was a year ago. Though there is more processing required compared to 1950, the processing power of each would be different and would not remain the same forever too individually that is

Anonymous Sun Dec 27 22:41:32 2020 No.25230552

>>25230419
>What you are inferring is that roles that require high levels of cognition are no longer reserved to those with high levels of ability.
Not inferring that at all though.
>if the scale of cognitive abilities remains somewhat constant in so far as the testing remains consistant
It doesn't. Again, you don't seem to understand iq scoring.

>>	Anonymous Sun Dec 27 22:42:36 2020 No.25230572 >>25230488 these are all the same sophist talking points that i've already addressed. your "trustlessness" is not based on any inherent value and never truly can be. btc is an attempt by the wealthy to have their cake and eat it too.

Anonymous Sun Dec 27 22:43:29 2020 No.25230593

>>25230400
Cant just judge a project based on their partnerships. This exactly whats happening with link integrations, they are the perfect pump and dump campaigns. Not that AB is one, but partnerships are not a scale for a projects efficiency for adoption

>>	Anonymous Sun Dec 27 22:44:09 2020 No.25230608 >>25230419 >Well would it shock you that the same could be said for Concorde Also, no it wouldn't. But this has nothing to do with iq.

Anonymous Sun Dec 27 22:48:41 2020 No.25230731

>>25230495
Sounds like you are talking about a currency pegged to a metal. Well, first of depends on what metal and not to discount that the metal and its evaluation which is driving the peg is also centralized. Not sure what is different than just using usdt or any stable coin with more adoption.

>>	Anonymous Sun Dec 27 22:48:50 2020 No.25230736 >>25229573 that would be a neat trick on the other hand you can't show me a home safe a plasma cutter and a hammer won't open in 3 hours.

Anonymous Sun Dec 27 22:50:05 2020 No.25230775

>>25230572
You addressed nothing. You repeated some shit you heard on twitter as if you're some kind of authority without even looking up the basics of the shit you talk about.
>your "trustlessness" is not based on any inherent value
This is incoherent nonsense by a braindead retard. What were you trying to communicate here? Miners secure a ledger, that nobody can edit my transactions on the ledger makes it "trustless". That's it. To attack and edit the chain costs a lot of money, more money every day so more value can be secured every day.

>>	Anonymous Sun Dec 27 22:54:52 2020 No.25230899 >>25230593 Agreed, the drive is not based on the partnerships, but the proprietary tech of AB and the additional layers added through the partnership projects. Every partner of AB has a purpose and not just for optics

Anonymous Sun Dec 27 22:55:21 2020 No.25230916

>>25230731
>Sounds like you are talking about a currency pegged to a metal.

i suppose so. keep in mind people would still hold physical metal to use during a carrington event or other disaster. the purpose of using a currency backed with metal is not to avoid physical custody of the metal but to facilitate digital transactions. it's slightly less convenient but a much more dignified way of doing things.

>>	Anonymous Sun Dec 27 22:56:05 2020 No.25230935 >>25230775 must be tiring to argue with retards man... i sometimes try myself then give up. they parrot the same stupid shit without thinking.

>>	Anonymous Sun Dec 27 22:57:17 2020 No.25230964 Governments are letting it go high before they ban owning crypto and short the fuck out of it.

Anonymous Sun Dec 27 22:59:12 2020 No.25231017

>>25230736

what's your point? that people shouldn't store anything valuable in their own homes? that we should expect to be robbed? this is FUD.

naturally this is not as convenient for people who have huge amounts of wealth (and unlikely to happen for that reason) but that's exactly my point. bitcoin is unaccountable money for unaccountable people.

Anonymous Sun Dec 27 23:00:27 2020 No.25231046

>>25230495
>PM-backed digital currency
Paxg already exists. Using directly metal backed currencies in the actual economy doesn't work because growth spurts cause liquidity issues. Countries will continue to use local fiat but with a digital ledger. Bitcoin will be useful to nations to prove reserves of real assets without relying on a middleman that can fail like in the case of a foreign currency or gold token. Having physical gold reserves is still useful.

Anonymous Sun Dec 27 23:00:50 2020 No.25231059

>>25231017
>that people shouldn't store anything valuable in their own homes?
i do myself but i have no illusions about the security of a safe. i know exactly how to open them.
on the other hand if you secure your bitcoin properly it would take more than how long the whole universe existed by magnitudes to crack it. and it costs fucking nothing.

>>	Anonymous Sun Dec 27 23:01:18 2020 No.25231079 >>25219251 Since were talking money, none of the features matter. Decentralization and security come first. And bitcoin is so far ahead the competition in this regard that no amount of shilling will change that.

>>	Anonymous Sun Dec 27 23:01:28 2020 No.25231084 >>25230899 So essentially it ll be an appeal to the institutions to adopt after building a prototype

>>	Anonymous Sun Dec 27 23:01:53 2020 No.25231092 >>25231017 >bitcoin is unaccountable money for unaccountable people. wat?

>>	Anonymous Sun Dec 27 23:02:21 2020 No.25231103 >>25231046 >Paxg already exists. Using directly metal backed currencies in the actual economy doesn't work because growth spurts cause liquidity issues. so what?

Anonymous Sun Dec 27 23:04:36 2020 No.25231163

>>25231059
Don't have a dog in this fight but the answer to that argument is that all it really takes to crack your btc wallet is duct taping you to a chair and taking a ball peen hammer to your kneecaps, or drown one of your kids in a bathtub in front of you or something. Nothing is ever truly safe in that scale of things.

>>	Anonymous Sun Dec 27 23:04:37 2020 No.25231162 >>25231103 >let's use x instead >it's already been tried many times and doesn't work for y reason >so what?

Anonymous Sun Dec 27 23:05:07 2020 No.25231176

>>25231017
btw here is a free tip for you if you are hell bent on metal boxes install a silent alarm system and an external hidden circuit breaker box.

if you remove electricity from the property it's a way harder to do anything worthwhile on a serious metal box. well if they expect this and bring a generator then you are fucked but i think most wont expect it.

Anonymous Sun Dec 27 23:07:28 2020 No.25231246

>>25231092

i'm saying that the people who stand to benefit most from bitcoin are cosmopolitan socialites and plutocrats who want to cut-and-run when plebeians show up at their house with pitchforks because they did some or other horrible shit. i'm not a socialist or communist. that is not my way of thinking, but neither am i especially thrilled about bitcoin becoming a de-facto reserve currency or a place for people to hide huge amounts of wealth with unlimited liquidity. it would be kind of fucked up, don't you think?

Anonymous Sun Dec 27 23:07:52 2020 No.25231257

>>25230552
>IQ fluctuates relative to the population.
where do you get this shit from? the average and thus the percentiles do. But no the result.

Your IQ does not get 'watered down' to a smaller result just because a heap of other people score low too.

Explain to me exactly how a constant becomes "dynamic" due to an aggregated average.

What is Albert Einstein's IQ in 2020 retard? 10?

Anonymous Sun Dec 27 23:08:16 2020 No.25231267

>>25231163
>all it really takes to crack your btc wallet is duct taping you to a chair and taking a ball peen hammer to your kneecaps
assuming you don't have a multisig wallet scheme with a provider. assuming you don't have decoy wallets to give up. assuming they take the time risk and added penalty risk to try torture you.

sure. but they simply have no way of knowing if they got what they wanted in the end.

so far we were taking about robberies and cyber attacks. this home invasion torture shit is more serious matter. privacy is your best defense and of course the decoy wallets. you can even have a bunch of seeds sheets lying around with a handful of eth on them.

>>	Anonymous Sun Dec 27 23:09:18 2020 No.25231295 >>25231246 i'm more fearful of my own thieving retarded government than pitchforking peasants.

>>	Anonymous Sun Dec 27 23:10:58 2020 No.25231361 >>25231162 doesn't work for who?

Anonymous Sun Dec 27 23:11:53 2020 No.25231389

>>25231246
okay consider this:
all things you think you own is by the grace of the guy with the biggest stick. so all of your ownership are derived from violence. and you are utterly powerless when this violence is turned against you.

now bitcoin is different. it's the first thing in the world where ownership is derived from knowing a secret. totally different relationship within a society. it's the first asset/money that is not backed by violence.

yeah... your understanding of crypto ownership and society is like a 5 year olds.

Anonymous Sun Dec 27 23:12:16 2020 No.25231401

>>25231267
All these arguments can easily apply to physically secured items as well, and people actually do have decoy safes. It might work, or they might have done their homework and know what you have, or they might just coerce you into giving it up. Doesn't matter, my point is it's not really that much more secure in the grand scheme of things.

Anonymous Sun Dec 27 23:12:47 2020 No.25231416

>>25230552
An individuals IQ result is an individuals result. Just because the average changes does not negate the fact that those with less cognitive ability are filling occupations that once were reserved for those had higher cognitive abilities.

If you think this is just arbitrary and thus IQ is arbitrary relative to the average and part of some natural progression, then you are actually advocating moving low IQ people in to more and more important roles. Play it through.

Anonymous Sun Dec 27 23:13:22 2020 No.25231426

>>25231163
The weak link in the example isn't BTC so this is not an argument. You can even arrange it so you can't access your funds without keys kept by multiple lawyers. One of the keys is only revealed on the summer solstice when the sun reaches a glass diffusing the light inside a cave and casting a shadow on the face of a gargoyle spelling the key in code.
>>25231246
Finally a coherent argument. If you're against the idea of securing wealth in principle then you should hate Bitcoin. That makes sense.

Anonymous Sun Dec 27 23:14:26 2020 No.25231457

>>25231401
it's on a totally different scale of cost and difficulty tho to have decoy safes then decoy wallets that cost fucking nothing. lol.

i have trouble with the cost versus length of protection. safes are dogshit compared to crpytography. crypto protection is measured in eons metal boxes in hours.

Anonymous Sun Dec 27 23:14:32 2020 No.25231462

>>25227890
Btc-usdc is bitcoin and what you are buying. Just hook up your bank account with coinbase. If your bank prohibits it find a credit union they usually don't care. It's like you aren't even interacting with your environment to determine what is going on.

Anonymous Sun Dec 27 23:15:43 2020 No.25231493

>>25231389
>now bitcoin is different. it's the first thing in the world where ownership is derived from knowing a secret. totally different relationship within a society.

see
>>25231163

and then there's the problem of bitcoin's inherent worthlessness. people will still fight over natural resources. over land. over other capital. don't be ridiculous.

Anonymous Sun Dec 27 23:16:26 2020 No.25231516

>>25231257
>where do you get this shit from? the average and thus the percentiles do. But no the result.
Oh no no no. You honestly don't understand how iq works. How embarrassing. Anon, the average iq is always 100, but the average cognitive ability in 1950 was lower than in 2020, so a 100 iq now represents a higher cognitive ability in 2020 them it did in 1950. So no, you're completely incorrect. The average achieve teacher having an iq of 105 not opposed to 120 decades ago isn't because teachers are dumber, it's because society is smarter. I shouldn't have to explain this to you, it's common knowledge.

>>	Anonymous Sun Dec 27 23:17:22 2020 No.25231542 >>25219986 Why wouldn’t you use a certain 28 cent stable coin designed for payments?

>>	Anonymous Sun Dec 27 23:17:27 2020 No.25231546 >>25224044 Oil and gas companies all still use windows 7. Even got permission from Microsoft to continue to use it.

>>	Anonymous Sun Dec 27 23:17:48 2020 No.25231556 >>25231426 >Finally a coherent argument. If you're against the idea of securing wealth in principle then you should hate Bitcoin. That makes sense. you're putting words in my mouth. i don't hate the idea of securing wealth. i hate clown world.

>>	Anonymous Sun Dec 27 23:18:44 2020 No.25231581 >>25231493 >bitcoin's inherent worthlessness that's just like your (utterly retarded) opinion man

Anonymous Sun Dec 27 23:18:44 2020 No.25231582

>>25219251
other cryptos don't have better features though.

the main feature is the quality of the DEV btc dev>>>>> all other devs exectping maybe LTC.

eg everyone who is anyone want to do a git hub pull or whatever into the BTC protocol.

In the meantime within the top 10 BCH splits becuase it can't attract devs.

In 2013 you witnessed this real-time, and error was made and solved within hours.

BTC dev has thought through the edge case much more thoroughly than all other coins.

So you're going to trust is with billions or trillions

>>	Anonymous Sun Dec 27 23:19:49 2020 No.25231613 >>25226659 This. 110-130 is quintessential soiboi IQ (tfw 132)

>>	Anonymous Sun Dec 27 23:20:18 2020 No.25231631 >>25219547 LTC is not faster when you speed up you sacrifice security and make orphans more likely.

>>	Anonymous Sun Dec 27 23:20:39 2020 No.25231638 >>25222872 Stage 4 is btc and eth

Anonymous Sun Dec 27 23:20:40 2020 No.25231639

>>25231267
>he thinks that Bitcoin is inherently worth something and isn't just a symptom of a larger problem wherein speculation is one of the only ways around to consistently turn a profit
>he thinks that Bitcoin could ever operate outside of the global financial system

if the meme stonk market shits itself Bitcoin is going down with it my dude

Anonymous Sun Dec 27 23:21:07 2020 No.25231650

>>25231416
> those with less cognitive ability are filling occupations that once were reserved for those had higher cognitive abilities.
That's not happening, is my point. Just been the iq is lower doesn't mean that the individual has lower cognitive abilities compared to a higher iq in a pay generation because iq results are only comparable within populations. They're not objective measurements by definition. Again, you don't seem to understand how iq rating works
>If you think this is just arbitrary and thus IQ is arbitrary relative to the average and part of some natural progression
That's literally how it works. Arbitrary is the wrong term though, but yes iq is relative to the average. Why don't you already know this?

>>	Anonymous Sun Dec 27 23:22:12 2020 No.25231684 >>25231639 i'm just gonna say what i said in 2015 to brainlets like you with the exact same argument: let's see, we will discuss this in 5 years.

>>	Anonymous Sun Dec 27 23:22:59 2020 No.25231709 >>25219840 I recommend Cashapp. You can buy bitcoin and sent it to a wallet. You can also send fiat with it and buy stocks. Great app m8

>>	Anonymous Sun Dec 27 23:23:18 2020 No.25231715 >>25231613 130iq is higher than 98% of the population

>>	Anonymous Sun Dec 27 23:24:06 2020 No.25231737 >>25231650 iq tests are 90% biased towards pattern recognition which is just a subset of human intelligence and loosely related to genius.

>>	Anonymous Sun Dec 27 23:24:37 2020 No.25231748 >>25231684 well i'm not getting rid of all of it. i'd like to though. it's so stupid. i suppose i should pray that you are correct, since people don't buy stupid shit like bitcoin when they're worried about affording food and rent.

>>	Anonymous Sun Dec 27 23:25:24 2020 No.25231768 >>25231684 Let's assume that we have a total financial and civilizational collapse. Let's suppose that the power grid is decimated and bitcoin's hash power is cut to essentially zero. What happens to memecoin in this scenario?

>>	Anonymous Sun Dec 27 23:26:22 2020 No.25231791 >>25230916 You are being a little vague, maybe on purpose, What metal is it pegged to and how is it better than a dollar peg. at least they are simpler to say the least

Anonymous Sun Dec 27 23:26:54 2020 No.25231800

>>25231748
bitcoin is a hedge against inflation that is unconfiscateable through taxes or outright thievery. you can stop a guy from boarding is airplane with his gold and house and yacht and stop him from transferring outside his country... you can just cut his bank account to size like in greece and cyprus.

but if he has bitcoin you are shit out of luck. he will take his wealth with him.

>>	Anonymous Sun Dec 27 23:27:01 2020 No.25231802 >>25231639 winner winner. does bitcoin's value every stabilize or is it just going to keep increasing forever. when it does stabilize, why won't people divest and buy scarce material resources like metals?

>>	Anonymous Sun Dec 27 23:28:04 2020 No.25231829 >>25231768 >Let's assume that we have a total financial and civilizational collapse. well in that case bitcoin going to $0 is the least of my problems. and in that world the rule of violence will be unbearable. i would probably sudoku if that happens.

Anonymous Sun Dec 27 23:28:22 2020 No.25231838

>>25231737
Yeah, my point is the supposedly 168iq to anon literally didn't understand how iq scoring works. I'm not talking about what it measures in taking about the fact it's based off deviations from the average, not objective measurement. He seems to think a 120iq taken in one place and time directly correlates with a 120iq in another, which isn't the case. I have a feeling he's still not going to understand though.

Anonymous Sun Dec 27 23:29:25 2020 No.25231860

>>25231650
explain to me how more intelligent people entered the average pool since the 1950's to account for this. All indicators trend to a lower level of cognitive ability on average amongst the population due to heavy genetic load, immigration from low average IQ nations and many other reasons.

How has the average cognitive ability increased to the point that the average cognitive individual is able to perform highly cognitive functions? This is a drastic shift 120 > 105 average, so where did all the extra cognitive function come from?

>>	Anonymous Sun Dec 27 23:30:37 2020 No.25231889 >>25231163 Now you are just being silly. That way nothing or anything is safe. Security discussions doesnt concern with such scenarios FML

Anonymous Sun Dec 27 23:30:45 2020 No.25231892

>>25231802
>or is it just going to keep increasing forever. when it does stabilize
those are interesting question finally...
there is two possible answers: 1 never stops increasing but won't reach significant adoption just say replaces gold.
2 it takes over all money at which point it will stabilize at 10 billion usd a coin. not that there will be usd at that point. i don't believe this 2nd habbening is likely. it's theoretical.

bitcoin will just replace gold. won't change the world one bit. won't be a revolution. won't take over shit. it will be just a better gold than gold ever was.

Anonymous Sun Dec 27 23:32:34 2020 No.25231939

>>25231791

probably gold, although i think it's currently overpriced relative to other PMs. it wouldn't be too complicated to work other metals in.

it seems like the more time goes on, the less our money has to do with any tangible source of value. i am disturbed by this trend.

>>	Anonymous Sun Dec 27 23:33:47 2020 No.25231969 >>25231892 >i don't believe this 2nd habbening is likely. it's theoretical. its exactly what i plan to do when bitcoin reaches its zenith.

>>	Anonymous Sun Dec 27 23:34:03 2020 No.25231977 >>25231084 Not at all there is no appeal needed. The tech speaks for it self. The data tunnel is one such instance where anyone, including the institutions are bound to adopt as these progressions are inevitable.

Anonymous Sun Dec 27 23:34:25 2020 No.25231983

>>25231860
Better nutrition, better school attendance, mass media, more white collar occupations, lots of factors. It's well established that the average has increased over the decades. Certainly very intelligent people existed in 1950, but you also had more people that never learned to read or write and worked in coalmines or farms since the age of 14.

>>	Anonymous Sun Dec 27 23:35:36 2020 No.25232016 >>25219251 >Countless alts have better features and are better stores of value than BTC shitcoin. thats where you're wrong anon, because no crypto is a store of value, and never will be.

Anonymous Sun Dec 27 23:37:37 2020 No.25232062

>>25231889
>That way nothing or anything is safe.
That's my point.
>Security discussions doesnt concern with such scenarios FML
Maybe not in IT but in the real world security industry it absolutely does concern that kind of scenario. How do you think major theft most commonly occurs from the wealthy and why they spend hundreds of thousands a year on private security? It's not cat burglars cracking safes.

Anonymous Sun Dec 27 23:37:49 2020 No.25232067

>>25231939
never understood why people thing metal backing makes any sense.

1 metals are heavily inflationary. gold mining output increased exponentially lately.
2 backing is an inherently centralized trustful basis. and all trust is bound to be betrayed. that much history thought us. i mean gold standard lol.
3 countries that don't mine gold would have to buy their currency from other countries? 99% of the countries don't have the right to issue a sovereign currency in accordance to their economic growth? are you fucking serious? do you understand how impossible that is? countries not having sovereignty over their money??
4 if you can't devalue your currency because it is pegged to a scarce asset, you will be in a world of trouble when shit goes south. inflation is the final escape hatch that can save a country from ruin and eternal debt spiral.

>>	Anonymous Sun Dec 27 23:38:10 2020 No.25232078 >>25231715 I don't think you realize how complex this world has become. In the new world order I will be average iq, and anyone under 120 is going to starve to death for not preparing now.

Anonymous Sun Dec 27 23:38:23 2020 No.25232085

>>25231892

and what happens to altcoins? surely some of them will be far enough along to be viable alternatives. there will still be the issue of bitcoin's limited throughput and serial transaction processing. the emergence of altcoins is a natural parallelization, and undermines bitcoin's "scarcity".

>>	Anonymous Sun Dec 27 23:39:08 2020 No.25232101 >>25231939 Fiat lost its tangibility to value long time ago. But my curiosity is why metals though, its too rudimentary imo, plus the valuations of the said metals are also centralized, why cant it be based on a simple supply and demand philosophy

>>	Anonymous Sun Dec 27 23:39:46 2020 No.25232112 >>25232078 Anon, you're already sub average iq I suspect if you don't realise the average iq is always 100 by definition.

Anonymous Sun Dec 27 23:41:33 2020 No.25232160

>>25231650
So lets take the teacher example.
X amount of cognitive ability is required for this role.
in 1950 it was 120, as you say. Becasue the average was less cognitive overall.
In 2020 it is 105, this supposes that the average cognitive ability is that almost that of a high school math or science teacher.

Are you saying that the average IQ is 2020 is enough to be a teacher today. It clearly is not.

>>25231983
>Better nutrition, better school attendance, mass media, more white collar occupations, lots of factors.
I think you do not understand the inherent individual genetic nature of intelligence. Your genetics primarily determine your cognitive ability. This is not controversial. You insist on looking at everything holistically like fucking bee hive. Are you, by chance, a communist?

>>	Anonymous Sun Dec 27 23:42:18 2020 No.25232174 >>25232085 i'm extremely bearish on alts. in terms of btc they just go to zero with a few exceptions like doge.

>>	Anonymous Sun Dec 27 23:42:49 2020 No.25232178 >>25232078 Now this signifies that you are in over your head in this discussion and if anyone is going to starve to death its going to be you if you keep this up

Anonymous Sun Dec 27 23:44:13 2020 No.25232206

>>25232085
>and undermines bitcoin's "scarcity"
yeah you see you are almost getting something: anyone can make an other shitcoin there is no bar to this entry. anyone and their mother. but nobody can make more bitcoins than preordained. even if there was an inflation bug it would get patched and the network would outgrow the scammers easily.

thus bitcoin is the only real hard capped scarcity. shitcoins as a class are not scarce but infinitely abundant.

Anonymous Sun Dec 27 23:44:52 2020 No.25232217

>>25232067
>countries that don't mine gold would have to buy their currency from other countries? 99% of the countries don't have the right to issue a sovereign currency in accordance to their economic growth? are you fucking serious? do you understand how impossible that is? countries not having sovereignty over their money??

it's almost like control over scarce natural resources is the name of the game. weird, huh? isn't it so outrageous that we have to buy oil from ay-rabs? r-u-fucking serious?

>>25232101
>But my curiosity is why metals though, its too rudimentary imo, plus the valuations of the said metals are also centralized

what do you mean?

>>	Anonymous Sun Dec 27 23:45:06 2020 No.25232225 >>25232112 Exactly, in 2030 the average IQ will be equivalent to what 130 is today, and billions of people will have starved to death

Anonymous Sun Dec 27 23:46:32 2020 No.25232254

>>25231892
>bitcoin will just replace gold. won't change the world one bit. won't be a revolution. won't take over shit
It's already a revolution. Thanks to cutting out middle men I can get interests on lending again or directly get yields myself. I can personally verify the independent reserves of some companies while others who are audited by respected companies manage to lie about billions.
It will take over all money but not in the naive way you imagine. It will be the reserve currency for all forms of money, not the actual currency you use to buy things.

>>	Anonymous Sun Dec 27 23:46:35 2020 No.25232256 >>25232217 >isn't it so outrageous that we have to buy oil from ay-rabs? r-u-fucking serious? it actually is outrageous we still doing it. and i hope it stops asap. but we were talking about money not goods.

>>	Anonymous Sun Dec 27 23:46:43 2020 No.25232257 >>25232174 but paypal is selling three of them.

Anonymous Sun Dec 27 23:47:38 2020 No.25232282

>>25232254
>It's already a revolution.
look i'm an absolute bitcoin maxi but i fail to see the slightest sign of a revolution. or serious adoption for that matter. there is fringe adoption. totally underwhelming. but the valuation is on track at least.

Anonymous Sun Dec 27 23:48:08 2020 No.25232297

>>25232160
Ok, so I thought it was fairly obvious the 120iq and 105iq were examples to demonstrate that iq changes over time. It's not possible to quantify the exact change in iq score in terms of cognitive ability without looking into it more than this conversation warrants. My point is the iq of the average teacher being less than it was previously, doesn't been teachers aren't as intelligent, it just means society is smarter.

Secondly, you seem to think 105 and 100 are nearly the same. They're not.

Thirdly yes, genetics influence cognitive ability, childhood nutrition also plays a huge part. IQ on the other hand is highly malleable to the point that you can train your iq to score higher in testing, which a lot of people do to get into mensa.

Also:
>Are you, by chance, a communist?
No, obviously not. You're honestly not nearly as intelligent as you think you are, sorry, and you don't understand the subject matter.

Anonymous Sun Dec 27 23:48:35 2020 No.25232305

>>25232206
>yeah you see you are almost getting something: anyone can make an other shitcoin there is no bar to this entry. anyone and their mother. but nobody can make more litecoins than preordained. even if there was an inflation bug it would get patched and the network would outgrow the scammers easily.
>thus litecoin is the only real hard capped scarcity. shitcoins as a class are not scarce but infinitely abundant.

>>	Anonymous Sun Dec 27 23:48:40 2020 No.25232309 >>25232257 good for them if they can sell dogshit.

>>	Anonymous Sun Dec 27 23:49:36 2020 No.25232328 >>25232225 >Genuinely believing this Well at least you get how it works, schizophrenic delusions aside. How old are you, of of interest?

>>	Anonymous Sun Dec 27 23:50:12 2020 No.25232347 >>25232305 of course anyone can make an other litecoin. you can fork it under 5 minutes. it doesn't have bitcoins network security anyhow so no different from the original.

>>	Anonymous Sun Dec 27 23:51:11 2020 No.25232370 >>25231977 When you say data tunnel, I reckon it should be about an integrated data market. Which is also not so enticing as ocean is doing exactly the same

>>	Anonymous Sun Dec 27 23:51:50 2020 No.25232382 >>25232256 incidentally, they would only accept gold. go figure.

>>	Anonymous Sun Dec 27 23:52:51 2020 No.25232404 >>25232347 litecoin is pretty far along by now and asic resistant. it would be very interesting if someone did bother to attack it, that's for sure.

>>	Anonymous Sun Dec 27 23:52:51 2020 No.25232405 >>25232382 who cares soon they will probably only accept bitcoin. these things take time a lot of boomers have to die for adoption.

>>	Anonymous Sun Dec 27 23:53:53 2020 No.25232435 >>25232404 >and asic resistant that's not necessarily a feature. anything asic resistant is nicehashable.

>>	Anonymous Sun Dec 27 23:53:54 2020 No.25232433 >>25232405 >who cares soon they will probably only accept bitcoin. lol

Anonymous Sun Dec 27 23:55:11 2020 No.25232459

>>25232435
>that's not necessarily a feature. anything asic resistant is nicehashable.

what do you mean? i've thought about whether asic-resistance is a strength or a weakness in terms of security but it's hard to say either way. it's certainly better for decentralization.

>>	Anonymous Sun Dec 27 23:55:12 2020 No.25232460 File: 48 KB, 417x450, unnamed (11).jpg [View same] [iqdb] [saucenao] [google] pyfw your altcoin can't take down bitty

>>	Anonymous Sun Dec 27 23:55:19 2020 No.25232463 The Flynn effect is based on training. Old measurements of natural abilities that correlate with IQ like reaction times show everyone is becoming dumber extremely fast.

Anonymous Sun Dec 27 23:55:56 2020 No.25232479

>>25232433
these things take time but not all that much. in an other 10 years the entire world will look at bitcoin different. just like the entire world looks at bitcoin different today then 10 years ago.

10 years ago if you asked a guy if he wanted to get paid in bitcoin or usd he would picked usd almost 100%. today 50-50 would take bitcoin or usd.

>>	Anonymous Sun Dec 27 23:56:48 2020 No.25232499 >>25232479 >today 50-50 would take bitcoin or usd. man you really are out there.

>>	Anonymous Sun Dec 27 23:57:18 2020 No.25232505 >>25232459 it depends if most of the applicable hashpower dedicated to the network or up for sale/hire?

>>	Anonymous Sun Dec 27 23:58:33 2020 No.25232540 >>25232505 sorry, i'm still not sure what you're getting at. it's late.

>>	Anonymous Sun Dec 27 23:59:24 2020 No.25232557 >>25232499 it is extremely tempting to take bitcoin because of the deflationary properties and also tax reasons. i certainly prefer to get paid in btc especially seeing what is going on with m2 money supply.

>>	Anonymous Sun Dec 27 23:59:34 2020 No.25232564 >>25232463 Debatable and it's entertain the idea, but it doesn't change the fact that the supposed 168iq anon literally had to have me explain how iq scoring works to him, because he thought it was some sort of objective measurement.

>>	Anonymous Sun Dec 27 23:59:50 2020 No.25232574 File: 10 KB, 225x225, index.jpg [View same] [iqdb] [saucenao] [google] >>25232225 Jesus, do you really think that individual cognitive capacity increases with time. You are beyond help

>>	Anonymous Mon Dec 28 00:00:54 2020 No.25232601 >>25232540 it just means that 98% of the hashrate applicable for bitcoin mining mines btc. meanwhile nicehash has most of the gpu mining power up for rent. was more than what secures individual altcoins.

>>	Anonymous Mon Dec 28 00:03:17 2020 No.25232658 >>25232601 >it just means that 98% of the hashrate applicable for bitcoin mining mines btc. that you know of.

>>	Anonymous Mon Dec 28 00:07:11 2020 No.25232743 >>25232370 Exactly. The layer added to AB's capital market is with ocean and the data tunnel product is more than a data market where the user has complete autonomy with their user data.ocean couldnt build it alone.

>>	Anonymous Mon Dec 28 00:09:17 2020 No.25232789 >>25232658 unlikely that there is hidden hahspower waiting to be completely obsoleted in 2 years not participating and getting a reward for the investment.

>>	Anonymous Mon Dec 28 00:11:21 2020 No.25232832 >>25232574 Wrong. Cognitive capacity increases as more starve to death

>>	Anonymous Mon Dec 28 00:12:59 2020 No.25232858 >>25232789 if someone were to try and remine everything they're probably better off doing it in private.

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