/biz/ - Business & Finance

[Anonymous No.28377724]

>this bullrun isn't organi....

[Anonymous No.28377784]

Link stops this.

[Anonymous No.28377809]

>>28377724

[Anonymous No.28377816]

>>28377784
You mean "Link facilitates this".

[Anonymous No.28377862]

>>28377724
>production at all time low
>people's wealth increasing 5-10x+
nothing is organic right now you moron

[Anonymous No.28377913]

>>28377724
i don't want to use visa, paypal, mc, elon approved currency though. i thought the plan was to escape these ghouls.

[Anonymous No.28377916]

>>28377862
People have been saving a lot of cash by largely staying at home.
Shit like interior design has been booming because that's what people are spending their money on after being locked in for a few weeks.

[Anonymous No.28377978]

>>28377913
>i thought the plan was to escape these ghouls.
This is exactly how that happens.
First they adopt it, then they are made obsolete by it.

[Anonymous No.28378150]

>>28377724
sir OXEN is literally bitcoin jr right now. Some amazing stuff going on over there.

[Anonymous No.28378167]

>Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

wtf I love trusted third party financial institutions now

[Anonymous No.28378241]

>>28378167
We're at a point where the trusted institutions can no longer ignore the peer-to-peer cash that will eventually overthrow them.

Try having a little perspective that goes beyond what you're having for dinner.

[Anonymous No.28378270]

>>28377916
>People have been saving a lot of cash
What about the millions of Americans who are either unemployed or aren't working enough to pay bills. The economy is the weakest it's been in decades, and with more government spending and the fed keeping interest rates near zero, the purchasing power of any stimulus given to citizens is further drained. This is not sustainable.

[Anonymous No.28378374]

>>28378270
What about the unprecedented millions of Americans who actually made money by buying stonks at a historic low?

Stop being such a doomtard.
Yes, things will change; but humanity has seen much worse and rebounded better than ever.

[Anonymous No.28378493]

>>28378241
right this is just a stepping stone to the adoption of pic related right?

[Anonymous No.28378659]

>>28378493
Yes.
Which do you think is better for fostering mainstream adoption:

1) all the major financial and governmental institutions everyone uses actively vilify, suppress, and memory hole crypto
2) all the major financial and governmental institutions gradually introduce normies to crypto in a palatable 'crypto light' format and give crypto legitimacy

Again; you need more perspective.

[Anonymous No.28378704]

>>28378374
we're literally about to enter the medieval 2.0 and that sucks

[Anonymous No.28378788]

>>28378659
I agree, limiting bitcoin transactions to 144mb/day so that mastercard can make money transacting it custodially is great perspective

[Anonymous No.28378796]

It probably just displays the currency in crypto like Paypal does. The transaction is still in USD

[Anonymous No.28378878]

>>28378704
Better sell everything and go hide in some woods then.

>>28378788
You sound like a salty nocoiner boomer in reverse lmao.

>>28378796
Doesn't matter, they're legitimizing crypto to billions of normies.

[Anonymous No.28378881]

Premarket opens in a few hours, lads. Chances Bobo returns to his cave today?

[Anonymous No.28379092]

>>28378878
what do you mean? I agree with you
how could we have gotten trusted third party intermediaries (paypal, mastercard etc) custodially transacting bitcoin off chain capping it to 144mb of transactions a day. When blocks are full it forces financial institution adoption because no one can on chain cost effectively

[Anonymous No.28379113]

>>28378704
Yeah and I'm going to be feudal lord, and so will the next 10 generations of my family. It's based, fuck proles and the poor.

[Anonymous No.28379193]

>>28379092
>what do you mean? I agree with you
Not sure if double sarcasm.

You every clearly hate the idea of financial institutions getting involved in crypto.
Much like salty nocoiner boomers hate the exact same thing but for opposite reasons.

[Anonymous No.28379441]

>>28379193
stop projecting.
mastercard is based, they funded blockstream who made this possible. if we had allowed more on chain transactions than 1mb/10min there never would've been a reason to use mastercard and paypal to custodially transfer your bitcoin. We never would've got this financial instiution adoption without it. It's like if apple let samsung sell it's own phone as apple, 4d chess genius

[Anonymous No.28379517]

>>28377724
Lets go

[Anonymous No.28379543]

>>28379441
>stop projecting.
Haha what?
You're saying I'm the one who's opposed to major financial institutions adopting crypto?

[Anonymous No.28379688]

>>28379543
>You every clearly hate the idea of financial institutions getting involved in crypto.
I clearly don't >>28379441

[Anonymous No.28379768]

>>28379688
I guess you forgot to switch IDs lol.

This is you: >>28378167 >>28378493

[Anonymous No.28379830]

>>28379768
that's the bitcoin whitepaper you can find it here https://bitcoin.org/bitcoin.pdf

[Anonymous No.28379848]

>>28378270
>What about the millions of Americans who are either unemployed or aren't working enough to pay bills.
a meme; our unemployment rate is about 6%

[Anonymous No.28379892]

>>28379830
And you used it to chastize the way Paypal/Visa/Mastercard/... are implementing crypto.

[Anonymous No.28380085]

>>28379892
no I'm saying that if we'd allowed more than 144mb of transactions a day no one would have ever adopted third party off chain custodial transactions. There would never have been this financial implementation because people would've just used bitcoin transactions

[Anonymous No.28380214]

>>28380085
Anon, Paypal/Visa/Mastercard/... aren't adopting crypto because normies are being bottlenecked by network congestion lol.

[Anonymous No.28380314]

>>28380214
no but people will use the cheaper off chain transactions and it's no different to existing to the fiat system so they'll understand it

[Anonymous No.28380400]

>>28380314
miners make too much co2 aswell so we can reduce bitcoins footprint by using mastercard

[Anonymous No.28380420]

>>28380314
>it's no different to the existing fiat system so they'll understand it
Yes.

[Anonymous No.28380498]

>>28380420
the trusted intermediaries could even issue more bitcoin credit than they have to increase economic growth

[Anonymous No.28380711]

>>28377816
wgmi

[Anonymous No.28380780]

>>28377816
>there's no other room for interpretation, Chainlink is directly involved in the cryptocurrency services offered by PayPal
>dumps -3.4%