/biz/ - Business & Finance

[Anonymous No.52727005]

Why would Satoshi design something that doesn't scale ?

[Anonymous No.52727007]

monero testnet

[Anonymous No.52727008]

>>52727005
because it's not a currency it's a store of value dickhead

[Anonymous No.52727014]

>>52727007
lawlz
>>52727008
please read the original bitcoin whitepaper

[Anonymous No.52727047]

>>52727008
I hope you dont have a single satoshi.

[Anonymous No.52727060]

>>52727005
It was a honeypot that got out of control.

[Anonymous No.52727089]

>>52727005
Compare the settlement time to visa. Btc is roughly 10 minutes. The transaction is instant, but the settlement can take a day or two. Lightning is similar to how visa works. As long as the funds are in your account/wallet, you're opening up a tab with the vendor and closing the tab periodically.

[Anonymous No.52727132]

>>52727089
compare the size and distribution retard

[Anonymous No.52727158]

>>52727132
Fiat works fine but final settlement basically never happens since nobody takes ownership of their asset, they just leave it in the bank. Personally, I don't like jews holding anything for me.

[Anonymous No.52727198]

>>52727008

-80% store of shit lmao

[Anonymous No.52727252]

>>52727158
do you think fiat is a legitimate currency backed by something ?
Do you think taxes are mandatory ?
Do you think it's possible for anyone that isn't of a ((particular)) bloodline to "own" land ?
Do you think voting for either party does anything ?
Do you think participating in these environments betters ones society, or do you do it purely out of cope as to not shatter any miniscule comfort you have deluded yourself into ?
Anyone that isn't actively trying to better ones tribe and become sovereign is the enemy.
You consume their filth, air, food, water.
Your mind is warped by their words.
They allow you to exist, you are indeed very useful to them

[Anonymous No.52727267]

>>52727005
Satoshi fell for the scarcity equals value meme but went full autismo and placed a set supply on BTC. Even gold, while scarcer to accumulate these days, does not even have a set supply. When you place a set supply on something, doesn't mean it will retain any value in the future. The way BTC is crabbing, I'll be older and deader than warren buffet by the time i could roll with the year 2100 VIP BTCrew

[Anonymous No.52727566]

>>52727005
>Why would Satoshi design something that doesn't scale ?
Because he is not some infallible god, he's just a guy who makes a few mistakes and hasty decisions during design like everyone else.

[Anonymous No.52727636]

>>52727008
zoomzoom opinion
you have to be 18 to post here

[Anonymous No.52727650]

it was posible to scale but they removed signature data in SEGWIT making sharding and plasma chains impossible. Forcing there to be only one scaling solution, lightning which doesnt pay fees to bitcoin miners

[Anonymous No.52727691]

>>52727005
Yawn.
Cockroach copycats with deathcramps.

[Anonymous No.52728441]

>>52727005
He didn't, nigger

[Anonymous No.52728509]

>>52727005
this is what i'm thinking those digital fortress builders have in mind

In laymans terms, built the koblitz curve out of mirrors and reduce the search space by bouncing lasers off of it. Looks for super turing speedups in the sha algorithm. Prove given a digest x that some nonces with certian prime factors score closer to the difficulty threshold than just iterating the nonce. etc etc.


NSA/GQHC would've been on top of advances in photonic and memristive computational paradigms,
this would be my hope.

Now, can I fab on graphene sheets made from hemp in my basement, to truely go hemp to hashes (not that hash but hash functions!)

[Anonymous No.52729225]

>>52727005
>Craig just so happens to know exactly how to massively scale blockchain as the only player in the entire industry
Lmao.

[Anonymous No.52729241]

>>52727005
Who cares? Even if this was somehow true people want BTC and not BSV.

[Anonymous No.52729317]

>>52729241
People are stupid. BTC solve 0 problems. Scalable chain can solve many.

[Anonymous No.52729359]

>>52727005
bitcoin is more than just a payment mechanism and if you cant see it as that then you dont deserve to make it

[Anonymous No.52729486]

>>52727089
/thread. A lot of these sub par monetary settlement coin marketcaps are about to pop.

[Anonymous No.52729504]

>>52729225
BSV has the most shitty security. so easy to attack it. uses the same algo as BTC, but has 0.000001% of the miners.
what happens when some salty BTC farm attacks BSV? they will suddenly control majority of hashrate

[Anonymous No.52729512]

>>52727005
Dunno, but I'd like to find out more about this GQHC group.

[Anonymous No.52729514]

>>52729486
Lightning inserts parasites

[Anonymous No.52729646]

>>52727267
>Even gold, while scarcer to accumulate these days, does not even have a set supply
Retard, there is a finite amount of gold in the universe and earths crust

[Anonymous No.52730710]

>>52729504
What happens then actually, please explain for smoothbrains like me.

[Anonymous No.52730740]

>>52727014
if it was really intended to be a currency then why are transactions irreversible and why is the supply limited? Genuinely asking.

[Anonymous No.52730900]

>>52727008
>store of value
>loses 80% in a single year
>down 20% over the last 5 years
Mentally retarded bagholder detected

[Anonymous No.52731102]

It was always meant to scale, bsv is bitcoin

[Anonymous No.52731215]

>>52727005
It does scale. We dont need to run nodes on gameboys. Just up the block size. 2mb and youve already doubled the throughput

[Anonymous No.52731239]

>>52729504
>>52730710
they already tried and nothing happen

[Anonymous No.52731269]

>>52731215
Yes. Statoshi was fucking clear about that. Blocksize is meant to be increased.
Imho, it will be increased when needed but we just haven't reached that point yet (fees are still low enough). It would have been better if they'd just increased the size though instead of doing the segwit crap.

[Anonymous No.52731328]

>>52731269
BTC reached that point long ago.


Stop lying to yourself at least.


https://zemgao.com/a-mathematical-proof-that-craig-s-wright-is-satoshi-nakamoto/

[Anonymous No.52731356]

>>52731269
>i pay 4 dollars in fees to buy my lollipop
kek

[Anonymous No.52731375]

>>52729225
And he has all the patents needed to scale any blockchain. Game over.

[Anonymous No.52731398]

>>52727008

[Anonymous No.52731447]

Verification not required