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

/biz/ - Business & Finance

View post   
File: 67 KB, 1181x678, ErqLH36W4Ag0Vrc.jpg [View same] [iqdb] [saucenao] [google]
25959108 No.25959108 [Reply] [Original]

Bitcoin enthusiasts please explain

>> No.25959136

>>25959108
china hijacked BTC imagine still holding BTC

>> No.25959154

>>25959108
>#1 is mining after 90% has been mined already
post a historic chart of hashrate and you'll see which country holds the most bitcoin

>> No.25959187

>>25959108
China doesn't have to 51% attack BTC, they only need to seize Tether and Bitfinex in Hong Kong and take all their BTC, after the crash buy everything.

>> No.25959267
File: 541 KB, 3000x3000, 1599072703288.png [View same] [iqdb] [saucenao] [google]
25959267

>>25959108
> decentralized

>> No.25959285

>>25959154
>what is 51% attacks

>> No.25959293

>>25959108
wut happens when the Trump EO banning investing into China computers comes into play,
is already in effect since this week
final deadline to remove investments like Nov 2021

>> No.25959328

>>25959293
im super drunk
CCP companies* not computers
https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-securities-investments-finance-communist-chinese-military-companies/

>> No.25959348

>>25959108
> what is a mining pool

>> No.25959396

>>25959108
china controls most hashrate because the sate subsidizes electricity for the purpose of mining btc

>> No.25959402

>>25959108
chart must be wrong.... there is more crypto adoption in the uk than there is in america and yet where is the uk on the chart? .... america is banning crypto.... america hates crypto.... they are not into it, they shut down any crypto projects that so much as try to exist in their lands....

>> No.25959769
File: 26 KB, 128x128, 4.png [View same] [iqdb] [saucenao] [google]
25959769

>decentralized btw

>> No.25959814

>>25959293
>old EO
Biden is the president now.

>> No.25959832

>>25959285
>These brainlets don't know.

>> No.25959890

>>25959814
final deadline to remove funds from CCP designated companies is Nov 2021
unless Biden revokes that somehow
btw Trump still president
>imagine still believing mainstream news

>> No.25959907

>>25959108
that's not how mining works

>> No.25960018

>>25959108
So much energy waste and pollution creation for some boomercoin.
Not saying BTC is bad, but is there any point to these high hashrates if BTC would work just aswell with 1/100 of that?

Only a matter of time til more regulations are put in place to prevent BTC from hogging energy resources.

>> No.25960173

>>25959285
>What is game theory

>> No.25960404

>>25959108
Collusion is required for a price floor. Your welcome. Do you think any nation on earth can match the energy and computation throughput of China? Ok your welcome again. Now you see.

>> No.25960427

>>25960173
Fuck’m ID

>> No.25960466

>>25960018
go back

>> No.25960478

>>25959108
I for one accept our chinese overlords

>> No.25960569

>>25959285
51% of people randomly attack themselves

>> No.25960639

>>25959285
Why would they need to destroy all their BTC holdings and investments? Retard.

>> No.25960885
File: 6 KB, 241x209, 1604524603141.png [View same] [iqdb] [saucenao] [google]
25960885

>>25959108
the future of decentralised payments right here

>> No.25961541

>>25959396
Sure but they still own more than 51%

>> No.25962116

>>25959108
>Vuvuzela owns 0.42%
They're not gonna make it anon

>> No.25962189

what am i looking at here?

>> No.25962228

>>25960639
You know a 51% attack can just be used to force transactions from inactive/lost wallets into your own. Nobody would suspect anything if it's done properly.

>hey bro our network just confirmed a 1M BTC transaction from satoshi's wallet
>oh really?
>yes, the majority of the network agrees

>> No.25962294

>>25962228
that's literally just the same as destroying no one is going to pay for bitcoin after that

>> No.25962335

>>25962294
You wouldn't know it's a fake transaction, dumbass.

>> No.25962363

>>25962228
TLDR: If the CCP issues an executive order to seize all BTC mining in China, they can collapse Bitcoin and make it go to $0 because they control all mining.

Nice investment you go there, bitcucks.

>> No.25962498

>>25962363
Why would China want to destroy their own wealth?

>> No.25962717

>>25962498
cause they want control and they also want to go big on their own digital yuan and other shit.

>> No.25962787

>>25962363
cool story, still never selling.

>> No.25963006

>>25959108
>second largest market in the world
>biggest currency control in the world over the yuan by the CCP
>bitcoin is byzantine fault tolerant, meaning it was invented EXACTLY to bypass this kind of regulation

DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT


>"IT'S LE CHEAP ENERGY!!!!!!!!!!!"
>Russia has significantly cheaper energy

DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT
DO THE MATH FAGGOT
>DO THE MATH FAGGOT

>> No.25963115

>>25962189
Chinks control Bitcoin.