/biz/ - Business & Finance

[Anonymous No.5119885]

BITCOIN TRANSACTION FEES ARE DOUBLING EVERY 3 MONTHS
The network is imploding as we speak.

This new high is a golden opportunity to get out. CASH OUT NOW.

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m

[Anonymous No.5119937]

>>5119885
b-b-b-but lightning network muh segwit and p-p-p-payment channels.. r-r-ight? guize?

[Anonymous No.5120021]

>>5119885
store of value :)

think of it like gold - do you need to transfer it over the internet? what's wrong with just physically handing over your seed when you want to trade?

[Anonymous No.5120087]

>>5120021
Are you completely fucking retarded?
I can trade gold claims electronically anytime I want all over the world. Just like I can trade bitcoins.

[Anonymous No.5120137]

>>5120021
>what's wrong with just physically handing over your seed when you want to trade?
Because you know the seed and can rip someone off by physically giving it, then transferring it back to an address you control.

[Anonymous No.5120184]

>>5120087
Are you too retarded to understand the concept of sarcasm?

Besides, the fees won't "crash" it. Most normies don't ever make a single transaction, they just leave it lying in the exchanges. Those that do make a transaction, slowly switch to alts.

>>5120137
Of course the receiver would have to kill you after the transaction

[Anonymous No.5120187]

>cyber money
>store of value
never go full tulip. This is a piece of software, and as soon as it doesn't serve its purpose anymore it's gone.

[Anonymous No.5120209]

>>5120021
im sure you get your rectum filled with seed regularly, but with bitcoin someone who gives you their keys could still keep a copy and move the coins after you've already blown them, now you just sold your ass for nothing.

[Anonymous No.5120238]

>>5120209
jesus fuck control your autism

[Anonymous No.5120248]

Nice cope mechanisms you nociners, guess what nooone gives a fuck about 50$ txs, tether pumps, your moon fazes and all other shit you try to cry about

[Anonymous No.5120285]

>>5120248
>it's the future
>buy 5 dollar coffee
>have to pay 50 dollar transaction fee

[Anonymous No.5120306]

High fees actually make a coin stronger.
Every coin will have to face day when it's mined completely. Only eth btc and ironically ark are trying to adapt to post miner world.

[Anonymous No.5120315]

>>5120285
like I said, noone cares about some starbcucks coffee faggots. Bitcoin is a device that makes you money. Stay mad on the sideline you coffee cuck while I'm laghing on my way to the bank

[Anonymous No.5120336]

The fees aren't going to stop Bitcoin. Buying stocks had huge fees up the ass for decades and yet here we are with more people than ever putting money into them. However, it's unfortunate that Bitcoin is worthless as a currency now as it was originally intended.

[Anonymous No.5120373]

Bitcoin is NOT a 'Store Of Value'

https://youtu.be/bjRoQYsVIY4

[Anonymous No.5120433]

>>5119885
>cash out now
>not carding your way out

I love tony

[Anonymous No.5120435]

>>5120315
Forget the coffee. You can't even buy dinner anymore since it's $20 to transact.

[Anonymous No.5120477]

>>5120373
yes it is. each bitcoin steadily maintains the value of 1 BTC.

[Anonymous No.5120498]

>>5120478

[Anonymous No.5120515]

>>5119885
so eth is crashing too?

[Anonymous No.5120528]

>>5120435
so what? as long as it makes me money I couldn't give a fuck
No cryptocurrency can be used world wide, because they are all to volatile.

>>5120477
this
>hurr bitcoin is too good a storing your value therefore it's not a store of value

seriously, I couldn't care less what you call it. We can call it a digital picasso painting mania, I dont care
you faggots keep crying instead of making sick ass gainz, kek

[Anonymous No.5120554]

>>5119885
THIS IS NOW A CORE SPIDERMAN THREAD

[Anonymous No.5120602]

Growing pains.

[Anonymous No.5120611]

>>5120373
Based pirate. I was going to put a bitcoin wallet in the office party grab-bag this year. But the cost maximum is $10. It would be impossible to transact that amount.

By the by, more than half of all bitcoin addresses don't even have enough BTC to move their own coins, as the fees get higher, it's going to take BTC out of circulation by making it impossible to retrieve.

[Anonymous No.5120637]

>>5120528
I'm not saying the fees are bad or anything but as long as people accept Bitcoin is the new gold then it's all good. RIP currency.

[Anonymous No.5120643]

>>5120602
And what are they going to do about it? There are no realistic scaling solutions on deck.

[Anonymous No.5120657]

>>5119885
this is intentional, the miners want to maximize their profits.

[Anonymous No.5120697]

>>5119885
BITCOIN CASH

[Anonymous No.5120710]

>>5120021
>what's wrong with just physically handing over your seed when you want to trade?
wtf is the internet?

Yeah guys, fuck convenience and technology and shit.

[Anonymous No.5120743]

>>5120657
The miners will kill the golden goose, then move on to mine the next profitable thing.

They are Chinese they don't give a single buttfuck about Satoshi's vision or the Swedish Pirate Party.

Bitcoin can only coast on name recognition for so long. Hopefully long enough for an ETH scaling upgrade.

[Anonymous No.5120750]

>>5120373
which fork is he talking about?

[Anonymous No.5120774]

>>5120021
Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
[e-mail]
www.bitcoin.org
now please kill yourself

[Anonymous No.5120773]

>>5120528
>as long as it makes me money I couldn't give a fuck
I don't think you understand. If this trend continues with fees, you won't be making money for much longer.

[Anonymous No.5120813]

>>5120743
yep. the "next big thing" if there is one is where the miners are migrating to. it makes sense that the productive folks, the "workers", have the power to determine the king, as the network is the fruit of their labor.

[Anonymous No.5120823]

>>5120238
epic

[Anonymous No.5120827]

S T O R E O F V A L U E

T

O

R

E

O

F

V

A

L

U

E

[AssBlaster No.5120847]

>>5119885
BTC is definitely gonna crash within the next six months, the question is when.

[Anonymous No.5120858]

>>5119885
>using btc to transfer funds
>cashing out
>not buying alts with btc gains

wtf are you on about m8?

[Anonymous No.5120876]

>>5120774
>>5120710
>>5120823
I've always thought almost all burgers are autistic in some twisted way since they are completely unable to comprehend sarcasm. same goes for germans too. you guys are burger/german, right?

[Anonymous No.5120908]

>>5120827
see
>>5120209

[Anonymous No.5120915]

>>5119885
and ofc you cucks always post this shit as soon as a red candle appears on a btc/usd pairing for an exchange
so pathetic
youre not getting my fucking bitcoin you faggot fuck. from my cold, dead hands.

[Anonymous No.5120921]

>>5120876

[Anonymous No.5120948]

>>5120921
kek, feels bad missing the 150 iq high-brow humor, doesn't it? why are you even on 4chan?

[Anonymous No.5120951]

>>5119885
IT'S THE FLIPPENING GUYS
IT'S COMING
FUCK YOUR MOTHER YOU FUCK

[Anonymous No.5120973]

>>5120876
>t. rectally seeded
german

[Anonymous No.5120980]

>>5120876
half of americans are germanic
>inb4 56%

[Anonymous No.5121021]

>>5120980

[Anonymous No.5121073]

>>5121021
>COLONIZED

[Anonymous No.5121186]

>>5121021
Well, he is white, so yeah, he probably could be.

[Anonymous No.5121514]

>>5120611
you can pay a lower fee, its just going to take longer

also, most wallets allow you to pay from multiple wallets

and if all else fails, you can use secondary transactions to boost your transaction with "too low" of a fee

[Anonymous No.5121805]

>>5119885
https://www.youtube.com/watch?v=UYHFrf5ci_g&t=335s

[Anonymous No.5121841]

>>5121021
the "german" on the other hand isn't

[Anonymous No.5121893]

>>5121514
The future of money, lodies and gantlemen

[Anonymous No.5122566]

Bcash cucks out in full force today.

Sorry losers. You're just another shitcoin bagholder.

[Anonymous No.5122601]

>>5121805
with jews you win
they will destroy every project that they fear
that's why I will keep riding the tether turtle

[Anonymous No.5122850]

>>5120306
>High fees actually make a coin stronger.
mental gymnastics

[Anonymous No.5122892]

>>5121841
it's a joke anyway, who cares about that stuff. this is economics / biz, skin color is of no interest to the seller but the mongrellus

[Anonymous No.5123001]

>>5120373
Oh, so pedo-pirate thinks his opinion matters. Well for retards it does.

[Anonymous No.5123051]

>>5120643
Scaling has literally never been an issue.

[Anonymous No.5123067]

>>5122601
They will definitely destroy it but you think you can outsmart them with tether even thou fiat is also run by the Jews....
Its a cruel world...

[Anonymous No.5123146]

>>5121021
>non-white, white
>white, no-witzki

[Anonymous No.5123200]

>>5119885
>the fees are going up
>that means the network is dying
That's literally the fucking opposite of correct. Fees going up means people are more willing to hold and use bitcoins than they are using mETH or LTC.

>hurr why are they retarded I can send bazingillions of dogecoin for no fee
Because Bitcoin has the most secure network because it has the most hash rate by far, has the name brand, and is the most likely to hold its value over time.

Beat it into your fucking skulls you morons:
>HIGHER FEES
>HIGHER PRICES

[Anonymous No.5123243]

>>5123200
*keeps block size small*

[Anonymous No.5123281]

A T H
T
H

[Anonymous No.5123339]

I love BTC but it can’t even handle 1million tx per day

[Anonymous No.5123360]

>>5123243
>Bitcoin: 1MB block size
>bcash: 8MB block size
vs
>Bitcoin: 350474 txn/day
>bcash: 25652 txn/day

Even with 8x bigger blocks you would still have high fees if bcash had the volume of BTC; and you will never scale to VISA level.

If anyone doubts that bcashies are anything but pajeet shills; trust this white male known as Bitcoin Jesus: https://www.youtube.com/watch?v=AecPrwqjbGw

He explains everything about scaling in that video and why bcash is a false god; his other videos explain the future of BTC and the lightning network.

[Anonymous No.5123402]

>>5123051
bcash is a kike scam; roger ver is jewish and he is working with the gooks to take over crypto.

[Anonymous No.5123514]

>>5123360
>nocoiner greek left lib brainlet who lives off core tablescraps
duRRrrRRrrrrR UR BEECASHHH

[Anonymous No.5123525]

>>5123360
>bigger blocks with the same current volume as Segwit coin would cost the same in fees
>Andreas isn't Judas
>Roger Ver is Jewish

[Anonymous No.5123596]

>>5123243
>atashi

so can i fuck it?

[Anonymous No.5123626]

>>5119885
What is Ethereum?

Did i get the answer right guys?

[Anonymous No.5123657]

>>5123514
>>5123525
>l

[Anonymous No.5123681]

>>5119885
Go all in on Dogecoin, transaction fees are less than a penny, this is literally cheaper than Ethereum. Confirmation times are 20 seconds, comparable to Ethereum too.

[Anonymous No.5123709]

>>5123657
>free markets are Jewish

I want Stormfags to leave.

[Anonymous No.5123718]

>>5123001
Rick is the fucking man, kill yourself.

[Anonymous No.5123725]

>>5120315
The value of a cryptocurrency comes from the value it provides in the ease and cost of transactions. If it's not good at being a currency then you're literally just buying into a bubble doomed to pop.

Another cryptocurrency will pop up and have basically zero transaction fees but at this rate it won't be bitcoin.

[Anonymous No.5123789]

>>5120336
Stocks are an interest in an asset with tangible value, a company. The only thing that gives bitcoin underlying value is ease and cost of transactions. The worse it is at being a currency the less underlying value it has.

[Anonymous No.5123816]

>>5123681
Oh yes plz pump and dumb doge. I have millions.

[Anonymous No.5123819]

I literally transferred .26 Bitcoin yesterday and paid a 0.23% fee. It was transferred and confirmed in less than 30 minutes. You can still transfer fine with very reasonable fees, it's just that retards keep paying super high fees thinking it will make their transfer magically happen right away.

[Anonymous No.5123872]

>>5123709
Do you fell unsafe Nigger.
Reddit and Normie book will provide you a save space from other opinions, just go back. Never return

[Anonymous No.5123908]

>>5123819
>$11 fee is acceptable for cash transactions

>>5123872
If I wanted Jewish controlled crypto I'd shill Core/Blockstream.

[Anonymous No.5123934]

>>5123819
Lol I've had BTC stuck in transactions for days. It's not fun, it's really stressful when you're moving more than 1 BTC around which is valued at around $20,000 and you can't do shit with it for DAYS.

[Anonymous No.5123948]

>>5123709
>its a (((Free))) market, goyim
I want kikes and their puppets to get gassed. Guess who's gonna get what they want?

[Anonymous No.5123955]

>>5120021
No longer has what gave it value. "it's still valuable!!"

[Anonymous No.5123979]

>>5123819
so you paid $10
cheap isn't it

[Anonymous No.5123988]

>>5123948
>being this uninformed

[Anonymous No.5124011]

>>5123908
>core are the kikes
You literally just meme'd "stormfag" and now you're calling people kikes to try and get others to hate them? Oy vey; your mastery of kikery is too powerful for me.

[Anonymous No.5124042]

>>5123988
>you're uninformed because you don't watch my media, goy

[Anonymous No.5124077]

>>5124011
>doesn't understand liquidity and LN payment channels
>doesn't understand how current banking channels work
>thinks LN is unrelated to banking

READ. THE. FUCKING. WHITEPAPER.

[Anonymous No.5124078]

>>5123955
But muh lighting will be ready in 18 months.

[Anonymous No.5124079]

>>5123979
transfering around 3k USD for a 15,- USD fee is acceptable, just compare that with others like western union

[Anonymous No.5124135]

>>5124079
Wonderful, now try and buy a $0.50 candy bar. All a sudden that $15 fee isn't so economical.

If your argument is that its digital gold, then it isn't digital cash, then it isn't bitcoin.

[Anonymous No.5124235]

>>5120611
Only a 3% of addresses have at least 1 BTC?

[Anonymous No.5124253]

>>5124135
Bitcoin in it's original form was never digital cash. It had 6 years to become digital cash, it had "low fees" and "fast transactions" according to cashie standards but never took off as a payment method. How many times did you buy coffee with it over the years?

[Anonymous No.5124264]

>>5124077
I think I already know who's on (((their))) team bcash shill.

>>5124135
Lightning network.

[Anonymous No.5124344]

>>5124253
Literally in the whitepaper "peer to peer electronic cash system". Low fees and fast transactions are accomplished with larger block sizes. What you and >>5124264 don't seem to understand that even if LN actual does get released and used, it'll be centralized by banks with high liquidity. I'm also pretty sure >>5124264 literally has no idea how any of this works.

[Anonymous No.5124362]

>>5120315
Bitcoin is a currency first and foremost you fucking autist. You were supposed to use it to buy things. It's pump and dump sub-humans like you that destroy everything Bitcoin stands for.

[Anonymous No.5124367]

>>5124135
Will you an hero if BTC/bcash goes below 0.9? Also, why does the market think BTC is worth more? Are you saying you're smarter than the market? I thought free markets were a good thing, kike.

[Anonymous No.5124416]

>>5124367
>lol the price is going up so that invalidates your argument

If I have to explain first mover and network effect to you then we have a long fucking way to go.

[Anonymous No.5124428]

>>5124253
The sheer delusion of core cucks. It gained its popularity amd value exactly because it had cheap, timely transactions

[Anonymous No.5124464]

>>5124253
lel
banker boot licker, literally, enjoy your gains as long as they exist, and remember, you can't cash out, without paying your share on housing and feeding Niggers

[Anonymous No.5124465]

>>5124079
>>5124135
Lol look at all these shibes arguing about their low cost transaction fees. LOL.

Doge still beats all of you guys by far as it has less than a penny per transaction. You can even set it to be 0.01 of a Doge which is like 0.00006 of a dollar

"Dogecoin accepted here"

[Anonymous No.5124475]

>>5124344
>>5124362
>i know everything about BTC because I read the whitepaper
>nevermind anyone actually working on BTC; they're all (((bankers))) even though Andreas is greek and has no monies
>listen to me goy- I mean fellow humans, Roger Ver is our lord and savior and we have solved all problems with blockchains by simply changing the blocksize from 1MB to 8MB
>ANYONE WHO DISAGREES IS A JEWISH BANKSTER
It's so obvious what you kikes are doing; you're going to need to upgrade from Rules 4 Radicals.

[Anonymous No.5124505]

>>5124416
>it's entirely the first mover advantage
Right, people with billions of dollars on the line and multiple opportunities to profitably switch to bcash are choosing not to do so because (((reasons))).

[Anonymous No.5124508]

>>5121805
Important post that more people should watch

[Anonymous No.5124517]

>>5124475
should we start a merchant thread shill?
No fuck off and stop appropriating a culture that isn't yours. r/buttcoin waits for you to return

[Anonymous No.5124529]

>>5120847
>BTC is definitely gonna crash within the next six months, the question is when.

The real question is how.

If it's tether fuckery, that means that it's essentially just another mt gox clusterfuck, perhaps with more more outcry and then regulation. 18 month downtime and then back to the fucking parade, with or without bitcoin in the lead, who knows.

If it's just from the weight of the bubble and banks speculating at an order of magnitude higher than NEETs and normies, then it'll be a correction but business as usual. 6 month dip. Bitcoin reigns supreme.

If it's because of the problems in the blockchain, existential stuff like transaction fees and the lightning network being a fast lane for institutional money, the bottom might drop out of bitcoin and flow directly to alts. Bye bye to the king.

[Anonymous No.5124550]

>>5124428
Except it went from 10k to 20k in less than 10% of the time from 0 to 10k, and it did it all with high fees.

>>5124464
>the kike demonstrates he has learned that honest whites hate niggers
Then stop trying to import them into our countries, Schlomo.

>>5124465
This. If fees are so important, why isn't Doge the #1 crypto?

[Anonymous No.5124574]

>>5124517
>stop appropriating my culture
100% kike confirmed. Your opinion is shit and this confirms bcash and Ver are on (((their))) side.

[Anonymous No.5124633]

>>5124465
>>5124550

Genesis block and Satoshi's protocol. It is bitcoin, but you two are too stupid to understand that.

>>5124475
Follow the money, nigger. Core devs are half owned by Blockstream which is owned by AXA ventures, which is headed by a chair head of Bilderberg.


Blockstreams stated goal is to keep blocksize small to require off chain scaling so they can shill their products and centralize the network into hubs.

An actual Natsoc would have already done his fucking research on this, you're just a retarded Stormfag or larper.

[Anonymous No.5124650]

>>5124529
look at the current pump, low volume btc and dollar wise, bearish divergences on every time scale over 30 min, /biz/ flooded with btc logo focus group shill threads. Only Niggers are buying and pumpers are buying a thin as fuck order book. This is the same situation as during the $30, $256 and $1200 bull delusion. Might go to 100K, might just go to 25K, fact is, once the pumper decide it is time to correct, normies will sit on the bags till it crashed 20% and panic sell it to under 9K. Why, who cares, the news follows the chart not the other way around

[Anonymous No.5124669]

>>5124517
>shill threads every day about BCH
>shill threads every day about high fees
>shill threads every day about "its the end for BTC crashing now sell sell sell"
This is why the best advice on /biz/ has always been pic related. Notably, it's /pol/ analogue is "always do the opposite of what jews say". It's the same message.

[Anonymous No.5124670]

>>5120087
>>5120137
>>5120209
>>5120710
>>5120774
Retarded normalfags, get the fuck out.

[Anonymous No.5124683]

>>5120021
corecucks can't actually believe this.... can they?

[Anonymous No.5124718]

>>5124633
>Follow the money, nigger. Core devs are half owned by Blockstream which is owned by AXA ventures, which is headed by a chair head of Bilderberg.

Sauce me on this my fellow Natsoc.

[Anonymous No.5124720]

>>5124669
>market adjustments happen overnight

[Anonymous No.5124738]

>>5120643
take blocksize
increase from 1 to 4
scaling solved for a few months

BUT NOOOOO INSTEAD WE NEED FULL BLOCKS HIGH FEES AND SUFFERING UNTIL LIGHTNING IS READY

[Anonymous No.5124741]

>>5124669
I really enjoy your fuck ups on every level r/buttcoin shills. And no, nobody said that bch will stand like a rock when it happens, so take your strawmans and misunderstanding of 4chan back to wherever you came from obvious Nigger faggot shill

[Anonymous No.5124775]

>>5124574
wot? Much strawman. Where did I wrote anything about bcash surviving the crash without bruises?

[Anonymous No.5124831]

>>5124718
https://steemit.com/bitcoin/@adambalm/the-truth-about-who-is-behind-blockstream-and-segwit-as-the-saying-goes-follow-the-money

https://blockstream.com/2016/02/02/blockstream-new-investors-55-million-series-a.html

http://bilderbergmeetings.co.uk/chairman/

[Anonymous No.5124844]

>>5120980
WE

[Anonymous No.5124895]

>>5124831
well, bitcoin has been finally jewed, will ETH be our savior?

[Anonymous No.5124897]

>>5124633
>Genesis block and Satoshi's protocol. It is bitcoin, but you two are too stupid to understand that.
Then Bitcoin Gold and Bitcoin Diamond have just as much of an argument as Bitcoin Cash

[Anonymous No.5124926]

>>5124633
>genesis block and satoshi's protocol
Every coin has a genesis block and there were and are millions of BTC-clones with lower block times and lower fees; nobody wants those.

>follow the money
>core is owned
Wrong. It's a public github open to public contributions and is open-source. If you think it's so bad, just copy it and increase the blocksize. Oh wait, you did that and nobody gave a shit. Kike.

>hurr they're owned by blockstream which is bilderberg
You can't "own" core and Blockstream is farthest away from demonstrating their own version of the lightning network.

>blockstreams stated goal is to keep blocksize small
Source?

>require off chain scaling
It's not a matter of choice, there is no such thing as on-chain scaling. You cannot validate a 100GB block in 10 minutes. Everyone but brainlets know this.

>hurr they're going to centralize the network
This isn't true and proves just how hard you're shilling. It's not a hub&spoke any more than having a faster upload speed makes you a "bank" in bittorrent.

>you're just a retarded stormfag
>stormfag
Wanna know how I know you're a kike?

[Anonymous No.5124984]

>>5124926
>TesThhue
>Test
>Hue
Kek, fuck off, no one is going to buy Nazi bags

[Anonymous No.5125020]

>>5124738
lightning will make everything 10000 times worse

[Anonymous No.5125023]

>>5124831
>adam (((balm)))
>source is an actual obvious bcash shill
>still only about blockstream, connected through a venture capital investment from AXA, to Bilderberg

[Anonymous No.5125032]

>>5124897
Those both have Segwit and premines. They are legitimate cash grabs with no scaling solutions that are true to protocol.

>>5124926
see>>5124831 and kys Stormfag.

[Anonymous No.5125074]

>>5124683
Try thinking about things for a few seconds instead of gut reacting with your memes. A glance at the charts shows korean and other non western exchanges pump bitcoin the most. USD decreased by 400% since the 80s, my currency decreased 5000% and I'm in the first world doing pretty good. Many african and asian nations have gone through -5000% in a few years. Bitcoin is the safest store of value that's accessible to them even if they have to rely on brokers. I bet these people, the main buyers of bitcoin these days are losing their minds because they can't buy coffee with it.
>muh coinbase or whatever
I will short bch hard, one of the most reliable ways to make money is to short bch hype.

[Anonymous No.5125095]

>>5125023
>literally incapable of understanding controlling interests

Fucking untermensch

[Anonymous No.5125110]

>>5124984
You're right, I'm gonna start FUDing BTC so I can buy it up cheaply now before it regains 99% market share after lightning is officially released on mainnet.

And leave this here so anyone interested in running a lightning node before the official release can choose to do so.
https://interfect.github.io/#!/posts/009-Ride-the-Lightning.md
https://github.com/ACINQ/eclair

[Anonymous No.5125147]

>>5125032
>>5125095
Godspeed, shill. Keep prices down so I can accumulate.

[Anonymous No.5125204]

>>5119885
Nobody gives a shit, obviously. Also nobody likes you.

[Anonymous No.5125214]

>>5125074
http://www.xe.com/currencycharts/?from=USD&to=KRW&view=10Y

looks pretty stable to me desu

I am not advocating for BCH, I just think it is bullshit that the Core devs who have way more power than they ever should, refuse to implement a modest blocksize increase so we don't have to deal with this unusable btc until the further soltions are done. And btw, I have been hearing about LN being almost ready for years now

[Anonymous No.5125319]

>>5125214
They have a long wishlist for a hard fork. The cashie memers pretend like hard forking is no big deal. It's a huge deal, a 300 billion dollar deal that requires full consensus which the politics of the last few years show is probably not achievable at all without crashing everything.

[Anonymous No.5125368]

>>5125319
I know that, but I meant more like why didn't they prepare this solution in case it would be needed (which is the situation today) years ago so it would have been ready for usage today

[Anonymous No.5125452]

>>5125319
>muh cashies pretend hard forking isn't a big deal
>*implements Segwit*

Something that alters protocol and can only be removed with a hardfork.

[Anonymous No.5125459]

Bitcoin will become a settlement only network.

[Anonymous No.5125501]

>>5125459
Then it isn't bitcoin.

[Anonymous No.5125513]

>>5125214
Run your own LN node whenever you want; see >>5125110

[Anonymous No.5125528]

>>5125214
South Korea has been doing very well, it's a tech hub in asia where Chinese people can go to circumvent Chinese law. There aren't any exchanges in the shitholes with rapid inflations, they are the ones who benefit most from buying bitcoin and have the least access to other investments. The can buy through brokers, shady faggots that go around shilling bitcoin, similar to Roger Ver but on a smaller scale.

>>5125368
They did, it's called litecoin/dogecoin etc and it works great considering the inherent limitations of bitcoin technology. Comparatively fast and cheap transactions that scale much better. People didn't care, they just want the original non forked Bitcoin(tm).

[Anonymous No.5125574]

>fees double every 3 months
>btc doubles every 4 weeks
so?

[Anonymous No.5125588]

>>5125452
>something that alters the protocol without hard forking and allows off-chain scaling
vs.
>a "solution" that requires hard forking every time the fees are "too high" based on a completely arbitrary standard that requires 100% consensus to work
bcashies just want to rob miners. That's why none of the miners are mining bcash; even when bcash is more profitable the vast majority never switch.

[Anonymous No.5125598]

>Hey Anon we heard you're investing in this Bitcoin stuff
Can you show us how to start investing , we want in on this easy $$.

This will happen during the holidays , everyone is going to spend all they're gift money and bonus $$$ on BTC

[Anonymous No.5125681]

>>5125588
It has to be hardforked to remove it brainlet, its a hostile takeover of the network, but you wouldn't understand that.

BCH can scale up to 32MB without a HF and HF is a fact of blockchain. If you think Bitcoin Segwit is the original chain and has never HF'd in the past then you're fucking deluded.

[Anonymous No.5125843]

>>5125681
>it has to be hardforked to remove it
Ok, now gimme a reason to remove it, otherwise there's no risk of a hardfork.

>BCH can scale up to 32MB
So instead of 7 txns per second, it can handle 224. Such wow.

>HF is a fact of blockchain
Only if you want to keep retconning the original agreement between all the parties like a fucking mETHhead.

>hurr Segwit can NEVER be OK EVER
Your only argument against segwit is KIKE BILDERBERG and we know that you're a kike.

[Anonymous No.5126017]

>>5125843
>reason to remove it
Does fuck all for scaling and decouples the digital signature from the transaction.

Hurr such wow, scale up if 32MB blocks are filling up.
>inb4 you've never heard of Moore's Law

>actually thinks Bitcoin never had HF's before 2017 to include the chain utilizing Segwit now

>still incapable of putting two and two together, thinks he's woke on the JQ

[Anonymous No.5126370]

>>5124683
>>5120774
>>5120710
>>5120209
>>5120137
>>5120087
all of you are fucking retards. he was mocking delusional corecucks and he made it as obvious as possible

[Anonymous No.5126460]

Bitcoin is not a store of value, nor a currency. It's purpose is to increase your money, it's a investment, and that is enough to make it valuable. IT'S NOT a bubble, people will keep buying and buying, and guess what, only 0.1% of the world population owns btc, imagine when 100% does, it will be valued at least 10 trillions.

[Anonymous No.5126490]

>>5126017
>moore's law is applicable to validation time
It doesn't matter how cheap disk space is; if you can't propagate and validate a 100GB block every 10 minutes on every full node you are not the solution to VISA-level scaling either.

>decouples the digital signature from the transaction
But for 1:1 signature:transactions, that doesn't matter. The ability to have 1:x signature:transaction ratios is what gives it the ability to scale. That is why segwit, and why LN. At this point I've posted the source code and instructions to run your own LN node right now on BTC mainnet, told you exactly why bcash can never scale and why the only opportunity in the entire space for that is BTC/LTC, and told you the market has repeatedly validated my conclusions and has ignored bcash. I'm not here to make your money for you, if you're still a deluded cashie, just keep screaming about kikes, stormnigger.

[Anonymous No.5126630]

>>5126490
>needing 100GB for Visa level transactions
>security and game theory holes aren't flaws they're features

[Anonymous No.5126700]

>>5120750

BitCoin CASH

Get it through your thick skulls:

NOTHING GOES to 20K IN 1 MONTH

BTC has been hijacked and manipulated.

BCH Is the true bitcoin and soon BTC will crash to fuck and then BCH will survive as people can actually use that as a currency: the thing that made BTC so big to begin with.

Once the parabolic growth of BTC stops because the pumpers are done, the normies will start selling their shit and BTC will have crazy avalanche stop losses.

I am going to sit comfy on my BCH which will be worth 10k very soon.

[Anonymous No.5126703]

>>5126490
Block size is just a limit yard it doesn’t have to fill every two minutes if the limit is raised it just means no congestion and lower fees cause you don’t have to compete to have your transaction included in the block

[Anonymous No.5126883]

>>5126630
>1 MB = 7 txn / sec
>visa = 150 million txn / day
>visa = 1736.11111111/sec
>visa = 250MB blocks (~1736/7) @ current txn price($54.90/KB)
>suppose avg. coffee = $5.4
>2500MB block = $5.4/KB
>25GB block = $0.54/KB
>100GB block = $0.135/KB
>$0.135/KB for $5.4 coffee = 0.25% fee

>security and game theory holes
What security and game theory holes? Why are you right when segwit has existed for months on both BTC and LTC and no one has reported compromised security?

[Anonymous No.5126918]

>>5126703
>you don't have to compete to get your txn in the block
Which is the whole point of the fucking fee because we don't want spam transactions and there is limited mining capacity; you are robbing the miners and calling it "satoshi's vision" and wonder why nobody wants to mine your shitcoin.

[Anonymous No.5126966]

>>5125598
>we want in on this easy $$.
>everyone is going to spend all they're gift money and bonus $$$ on BTC
And that is how markets crash my dear boys and girls, prepare for increased rate of normy suicide in the coming few weeks, they aren't used to the volatility of crypto and they will panic sell at the first sight of a crash.

[Anonymous No.5127044]

>only btc hodlers will suffer from a crash
>low cap alts will forever gain traction and moon
>buy alts at low, sell high
fuck off shills

[Anonymous No.5127122]

>>5120315
HAHAHAH "a device that makes you money"
HAHAHAH

How naive are you? Please, tell me you're a normie that got in crypto one week ago.

If not, you should really kill yourself right now.

[Anonymous No.5127176]

>>5126883
wtf even is this math? Visa level transactions would require less than a 1GB a block.

51% attacks can be carried out differently with segwit as the pot is more than a double spend for a successful attack, encouraging cartels because "anyone can spend" address that only exist in Segwit. Adding LN is just insult to injury.

[Anonymous No.5127185]

>>5120813
The next big thing will have instant transactions and zero fees. And by the way it already exists: it's called Raiblocks.

[Anonymous No.5127475]

>>5127176
Sadly you're wasting your time. Half of the people here are just retarded and wouldn't understand the LN whitepaper even if they read it. What's even worse is that not only they don't read shit, but they go around repeating catchphrases and ad-hominem attacks because they can't even argue.

I already tried many times, and when you ask for real arguments they finally shut up because they don't have shit.

[Anonymous No.5127575]

>>5127176
>can't into math
>1MB = 7 txn/sec
Bitcoin currently supports 4 transactions per second but is supposed to be capable of 7. We'll round up to give BCH the benefit of the doubt, since we can't figure out how much BCH can support at max, since nobody wants to use it.
>visa = 150 million txn/day
You can google.
>150*10^6/(3600*24)
That is the number of transactions per day divided by the number of seconds in a day, which equals ~1736.
>~1736/7 (transactions per second / transactions per block) * block size per block = block size of visa
QED, by increasing the blocksize to 250MB, you can support VISA # of transactions.

That's happening at the current level of fees, and since we know miners won't mine for free and bitcoin is the biggest hashrate market for SHA-256, let's suppose the current level of fees is what is required per KB of transactions.

>current txn price is $54.90/KB

Suppose the average coffee costs $5.4 for easy math. Since we increase the block size to lower fees rather than compensating miners, let's assume the miners will just continue as long as they make the same amount as today in actual value, i.e. US fiat

>250 MB block @ $54.90/KB
>2500 MB block @ $5.49/KB (multiply block size by 10, divide fee by 10)
>25 GB block @ $0.549/KB (this is 1% fee)
>100GB block @ $0.135/KB (this is 0.25% fee)

>51% attack is easier now because cartels
Cartels are called "pools" in crypto, and they're the reason that BTC succeeded because people were willing to mine and burn electricity when you weren't. No one is close to 51% hash rate, there are incentives for all the pools to not approach 51% hash rate, there are incentives for every other pool to prevent a 51% attack, and it costs millions if not billions in hardware to launch a 51% attack.

>can be carried out differently
>because the pot is larger
No, you still have to brute force by having 51% of the hash rate on the main blockchain.

[Anonymous No.5127611]

>>5127475
>shills raiblock
>asks for real arguments
Proof of Stake alone is worthless trash.

[Anonymous No.5127733]

>>5127575
So a couple things, 100GB block size for Visa was dogshit you made up. Can be done under 1GB and you're basing fees at this scale on nothing and are completely incorrect about miners and fees.

The only reason to carry out a 51% attack without segwit is to double spend. Teaming up and forming a cartel (that isn't a pool, you fucking brainlet) is pointless if the reward is double spending one transaction. But if its that plus all Segwit fees, cartels now have economic incentive to form and attack the network.

[Anonymous No.5128078]

>>5127611
In case you haven't heard or can't read the whitepaper, Raiblocks doesn't rely on proof of stake. Now go read the whitepaper and then come back apologizing.

>speaks about real arguments
How the fuck can we have a real argument if you don't even know what Raiblocks is?

[Anonymous No.5128156]

>>5127733
>dogshit you made up
What's wrong with the math? The math I posted makes sense. Even if I cut you two orders of magnitude slack, that's 1GB. Even at 250MB, that means only people with broadband can use bcash because you can't transfer 25MB per minute without having over 400 kbits/sec. Now you're not banking the unbanked. At 1GB, you need to propagate and validate a 1GB block every ten minutes, that's way less full nodes and therefore greater centralization, especially because it now makes it easier for the government to crack down since "hurr gee, this guy has 1GB of data arrive at his house every 10 minutes, shut it down"

>teaming up and forming a cartel
>by purchasing mining equipment
>capable of hashing more than 51% of the current hash rate of BTC
Only a pool can do that now you idiot. Unlike bcash BTC has a 13 EXAHASH/s network speed, you need 6.6 EXAHASH/s of mining equipment to do that. You literally can't buy that much without waiting years for Jihan to fill your backorders.

Suppose you're right though. When bcash forked in August, the hash rate was 6 exahash/s. It's more than doubled yet no such segwit-based 51% attack has occurred.

[Anonymous No.5128315]

>>5128078
My mistake. It's 100% premined.
>RaiBlocks is non-mineable and has reached its maximum supply of 133,248,290 XRB. Funds
were initially distributed via a captcha-faucet distribution system that ended in October 2017

>how can we argue if you don't know about raiblocks
I don't want to argue about shitcoin and don't know anything about it. You're a moron and you didn't realize what's special about BTC now isn't the blockchain but the decentralized economy it created between miners and users. Any shitcoin can fork and copy the blockchain, but no shitcoin gives the same incentive to miners to hash, and miners hashing keeps the network secure. Miners competing keeps it decentralized. Fucking over the miners, like BCH, or just ditching them, like your shitcoin, never have worked and never will work. Raiblocks is literally just buying other peoples bags looking for a greater fool.

[Anonymous No.5128418]

>>5119885
whats the cheapest cyrpto to transfer ?

[Anonymous No.5128478]

>>5128156
You're expecting Visa overnight and even if that did happen the network would be just fine. By the time we're there storage and data costs will have adjusted. As for banking the unbanked. Full nodes (just like most now) are run by miners and businesses. There is no point for most users to run a full node and this does fuck all for centralization. Satoshi already said this would be the nature of nodes as the network grew in size. Something like LN prevents users from peer to peer trade entirely.

As for hashrate, that'll increase overtime as miners switch off of segwit chain. Right now its just more profitable to mine Segwit coin.

[Anonymous No.5128522]

>>5128418
Ether

[Anonymous No.5128578]

>>5123681

> Buying a fiat crypto

[Anonymous No.5128613]

>>5128478
It's been more profitable to mine bcash multiple times since the fork yet there was never "muh flippening"

[Anonymous No.5128638]

ok guys,

what will happen when btc transaction fees will reach 3 digits?

[Anonymous No.5128672]

>>5128638
you'll get buttfucked by the bilderbergs you sad fuck

[Anonymous No.5128854]

>>5125452
>can only be removed with a hardfork.
Wrong. It cannot be removed at all. Ever.

"hard" and "soft" are literally blockstream propaganda. A fork is a fork.

[Anonymous No.5128878]

I was a lurker a bunch of months ago. /biz/ has changed, but I am picking up the pace. Help this dino make sense of what is habbening, pls.

http://www.strawpoll.me/14635981

Otherwise your mom dies in her sleep tonight.

[Anonymous No.5128882]

>>5128613
BTC has gone up too much, so obviously mining has remained with BTC. Any correction that actually gets some flow into alts for more than a couple days will really start to cripple BTC hashrate as BCH profitability will creep up.

[Anonymous No.5128898]

>>5125681
>>5125588
There is no such thing as a soft fork.
There is no such thing as a soft fork.....
There is no such thing as a soft fork.
There is no such thing as a soft fork...
There is no such thing as a soft fork.
There is no such thing as a soft fork....
There is no such thing as a soft fork.
There is no such thing as a soft fork..
There is no such thing as a soft fork.
There is no such thing as a soft fork..
There is no such thing as a soft fork.
There is no such thing as a soft fork.
There is no such thing as a soft fork..
There is no such thing as a soft fork.
There is no such thing as a soft fork.

[Anonymous No.5128921]

>>5128854

A hardfork would allow you to completely change the infrastructure, do you know the difference?

[Anonymous No.5128930]

>>5128898
Calm your tits. If you read the content of my post you'd realize I wasn't supporting the fork of Segwit.

[Anonymous No.5129098]

>>5128930
I did realize that. I appreciate you being on the same side but you're still not right.
>>5128921
>completely change the infrastructure
Oh, so you're saying segwit is the hardfork? I'm more inclined to agree with that.

Seriously, I'm trying not to throw insults, but are you retarded? Segwit an irreversible protocol fork, but its the "soft" fork? Just because it was activated by nodes and not miners? Who has more at stake, a software wallet company running a bunch of nodes or miners with $$$$ invested in hardware and giant electricity bills every month? Who really split bitcoin? Miners, really??

[Anonymous No.5129214]

>>5129098
You're right about there being no such thing as a soft fork. A fork is a fork is a fork.

This Blockstream propaganda runs deep. They really got the jump on people for w/e reason. Probably because Core was bought out years ago.

[Anonymous No.5129470]

>>5120285
do you try to buy coffee with gold too?

[Anonymous No.5129484]

>>5129214
>that backwards incompatibility is a problem for software development is just propaganda by the jews

[Anonymous No.5129539]

>>5129470
it's a cryptoCURRENCY newboi.

[Anonymous No.5129575]

>>5129484
>no one has ever figured out a way to work around backwards incompatiblity, it probably isnt even possible
>backwards compatible irreversible changes are not a problem, not like backwards incompatible reversible changes

[Anonymous No.5130459]

>>5128156
To attack segwit, you really only need like 25% or less. All you have to do is get miners to stop verifying the witness data, you can do this with a block withholding attack with the witness data.

[Anonymous No.5130911]

Cant we just stop supporting the transactions feature? Nobody is buying this because he wants to actually send his BTC anywhere ever...

[Anonymous No.5131376]

>>5130911
I know someone who intends to buy into crypto and hodl his bags until they are recognized as a normal currency. He legit intends to use it to buy stuff once the technology establishes itslef and it is used by everyone.

[Anonymous No.5131537]

>>5130911
It's fucking ogre
>can we just stop the transactions feature?
That's the only feature. That's all it is.

But we should keep the.... hold and sell for a ridiculously higher price feature?
The forget about fundamentals just give me money feature?
The pure speculation feature.

The bubble feature.

[Anonymous No.5131567]

>>5121805
good shit

[Anonymous No.5131815]

I can't even cashout because it's not worth it to cashout.

[Anonymous No.5132353]

>>5131567
redpills are always good and tasty

[Anonymous No.5132370]

>>5124235
You now realize less than .001% of the world hold even 1 coin, and only .03% (if that) hold even 1 satoshi.
>b-b-but, surely we're reaching peak normie
Not even close my friends.