/biz/ - Business & Finance

[Anonymous No.9082437]

>He used to study crypto with a sense of excitement, like he has discovered a new frontier of human evolution
>Realizing both the practical and philosophical importance of distributed blockchains, he felt enlightened and lucky beyond comprehension that he among few was granted the knowledge of this upcoming revolution far before it happened
>But then as he discussed it more and more, posted memes, made jokes - the magic wore off
>It's just a thing now, a way to make money
>He has forgotten the importance of cryptocurrencies for humanity
If you're this guy, wake up right now and get your mind back where it belongs. This is big. It's not just about money.

[Anonymous No.9082453]

[Anonymous No.9082498]

>>9082437
Well wtf is it about then? Everyone I know is interested in this stuff because they want to make money

[Anonymous No.9082573]

>>9082498
Right now, business transactions require trusted third parties.

>You have to trust the US government to maintain the stability of the US dollar
>You have to trust your bank to let you use the money you gave to them
>You have to trust PayPal to not steal all of your money
>You have to trust brokerage firms to hold your stocks for you

Distributed blockchains completely remove the requirement for trust. The trust is put into mathematics itself and the existence of hard to compute functions. This is much more trustworthy than some suit wearing cigar smoker

tl;dr
Trust is no longer required for business. This is bigger than the printing press, this is bigger than the telephone, this is the biggest invention for commerce truly ever. But more importantly, for freedom. We can hold elections on the blockchain. We will, eventually. They will be fully audit-able.

[Anonymous No.9082720]

>>9082437
Fuck humanity. Why would I care about stupid fucking normies and this shithole of a planet ?

[Anonymous No.9082800]

If anything crypto will harm humanity and turn everything into a 1984 tier shithole where everything is logged.

[Anonymous No.9082820]

>>9082437
>he didn't realize they (they) have unlimited funds the short anything out of existence

[Anonymous No.9082844]

>>9082573
this is the kind of stuff I like seeing on /biz/

[Anonymous No.9082942]

>>9082573
Are we ready as a species to move from centralized command-and-control to decentralized individualism? I don't know. We still don't have a renewable energy source, a solar storm would obliterate our satellite fleet (and thus internet access). We are at the mercy of climate change, volcanoes, tectonic plates, asteroids, viruses etc. Without mentioning the stockpiled nukes that could wipe out civilization and all the sub-120 IQ mongoloids who are allowed to vote/reproduce/live.
This could be revolutionary if we were ready. I think we first need to pool all our resources into gene editing/AI/intelligence augmentation and create humans worthy of being individuals. They will have the means to leave this planet or devise a way of preventing civilization collapse.

[Anonymous No.9082997]

>>9082942
The removal of market inefficiencies will bring forth the those noble goals (bar your ethically reprehensible goals centered around biological cleansing) much faster through removing much of the political and economic corruption that holds back society's progress

[Anonymous No.9083034]

>>9082942
> Launching the nukes will be decided on the ancapistan blockchain
> 51% will vote Yes

[Anonymous No.9083045]

>>9082800
Monero and hopefully bch extension blocks.

[Anonymous No.9083106]

>>9082573
>>9082942
https://www.youtube.com/watch?v=9fKL2g3d-8w

[Anonymous No.9083107]

>>9082800

Google probably already has 99% of the information a doomsday blockchain would on nearly everyone in a database that may as well be immutable and indestructible, to say nothing of the other various information brokers. Blockchain may well end up being a crucial part in separating the useful computer tools from the surveillance state.

[Anonymous No.9083133]

>>9082997
>bar your ethically reprehensible goals centered around biological cleansing
>muh feefees

[Anonymous No.9083209]

>>9082573
It really is amazing I'm really excited about DAOs

[Anonymous No.9083231]

>>9082437
Wow biz actually wrote something at the same quality level as reddit, nice job guys, take this as a compliment

[Anonymous No.9083238]

>>9083133
>We can disregard ethics by labeling it "feefees"
Try again poltard

[Anonymous No.9083428]

>>9083106

[Anonymous No.9083460]

>>9082997
Your idealism makes me so hard

[Anonymous No.9083529]

>>9083238
The eugenics process happens 'naturally' according to market forces, improving technology and competitive advantage offered by good genes. It's going to happen regardless of whinging about ethics.

[Anonymous No.9083582]

>>9083529
This

Basically end socialism

[Anonymous No.9083672]

What does a world where crypto is the dominant form of currency look like?

[Anonymous No.9083691]

>>9083529
> The eugenics process happens 'naturally' according to market forces
I wish I could believe that. Unfortunately, market forces aren't optimizing for long-term survival of the species
https://www.youtube.com/watch?v=YwZ0ZUy7P3E

[Anonymous No.9083730]

>>9082573
>>9082997
COMFFFYYYYYYYYY

[Anonymous No.9083749]

>>9082437
shut the fuck up i just want money

[Anonymous No.9083799]

>>9082437
Without a doubt, there has been a big invasion of Core shills here in the last year. It is tapering off now a bit at least.
Don't worry, OP. A lot of anons here are still thinking about the tech and not just the money.

>>/biz/thread/S9073380

[Anonymous No.9083833]

>>9083691
And that white trash chad ain’t got nothing on Tyrone. Tfw niggers will win the evolutionary race

[Anonymous No.9083869]

>>9083799
OP here, there is no such thing as a "Core shill" because "Bitcoin Core" does not exist, that is a piece of propaganda invented by BCash shills

Bitcoin is the real BTC, no amount of shilling will convince anyone with a brain otherwise. And nobody who's in it for the tech cares about forks initiated by conmen and greedy miners

Maybe you've just been misled by BCash shills or maybe you yourself are acting in bad faith posting such stupidity, but either way the misinformation you spread is bad for crypto as a whole.

[Anonymous No.9083887]

>>9082437
Y-you're right OP, I've been so foolish

[Anonymous No.9084034]

>>9083833
Thanks for the laugh

[Anonymous No.9084228]

>>9083209
This is a really good point. Trust isn't gone, it's on the fucking thing working correctly and it's just not that simple to have that accepted.

[Anonymous No.9084927]

>>9082720
You shouldn't, and trustlessness gives you that ability. This cannot be overstated as enough of a benefit for misanthropic high IQ high functioning autists that just want the rest of the world to fuck off and make sense. It will now be *forced* to buy the globally distributed decentralised trustless market, and no political whining or squirming or childish tantrums and demands will make the slightest fucking difference whatsoever.

[Anonymous No.9084989]

>>9083869
The claim that all blockstream claims regarding blockchains being unable to scale past 1mb are ridiculous, and you're either a liar or a shill for spouting it? The very fact you even need to ask demonstrates your ignorance, it's like asking can foot thick steel beams support the weight of a particularly hefty bee hive. 14kbps wasn't fucking impressive in 1992 and it's laughable to suggest it's a reasonable throughput limit in 2018,letalone claiming we need to prune it back to less than a third of that. But that's not even necessary and you don't require the kind of technical experience in the real world that makes it obvious, you can simply look to present empirical reality, plenty of blockchains exist already with a higher throughput than 1mb / 10min and they're doing just fine.
I say again, blockstream and their snakes are slimy saboteurs hamstringing the chain purely because it is in their business and political interests. The only other people supporting their position are fucking idiots that don't know a damned thing about the space and frankly should get the fuck out because all they are doing is shitting it up with their ill informed attempts at participation. You're not a fucking nuclear physicist just because you plug your computer into an outlet powered by a nuclear reactor, stop fucking pretending otherwise, you're just a retarded pleb parroting arguments that make no sense that you don't even fucking understand.

[Anonymous No.9084997]

>>9083869
Show me what the LN will look like in the same type of chart. Its more centralized than bitcoin cash.

[Anonymous No.9085022]

>>9082573
I've had banks take my money, I've had paypal take my money, and I've had governments take my money.

This is why I know crypto will succeed, because FUCK banks.

[Anonymous No.9085042]

>>9083529
That isn't the case in reality. Natural selection is a thing of the past, the current system rewards reproducing the most. People with lower IQ are more likely to reproduce than people with higher IQ.

[Anonymous No.9085049]

>>9084989
If you're a programmer you're one of those guys who uses Javascript and insults C I bet

Unironically commit suicide you mentally degenerate sack of worthless flesh

[Anonymous No.9085102]

>>9084989
I agree 1 MB should be increased. At least 2 MB. But Bcash is even worse in a lot of ways. Bcash and BTC both have big problems, alts are the answer.

[Anonymous No.9085239]

>>9082437
You're absolutely right. Sometimes I have to remind myself not to be overcome by greed.

>>9085022
This. It always bugged me, more than I could put into words, that they could just take my well earned money whenever they damn please, and there is literally nothing I could possibly do to do something against. But not anymore. Noone can take away my crypto.

Saying that this fills me with joy would be an overstatement and not quite true, but it does gives me a sense of solace.

[Anonymous No.9085338]

>>9083869
>Wah, wah, wah bitcoin is exactly what I say it is and I am so mentally fragile I can't abide the word "bitcoin" being used for one of several competing ledgers
>BCASH, BCASH, BCAHS, BBBBBBBBBBBBBBBBBBBCASH!!!111 REEEEEEE

[Anonymous No.9085639]

>>9085049
I am indeed a programmer, and I use the tool that best fits the job, meaning I don't code web applications in C and I don't code drivers in javascript, and generally I prefer go, haskell, and rust these days anyway, so go fuck yourself.
Despite being stuck in the first year language elitist stage of coding, you reek of the kind of fuckwit that would buy a hammer and call it a toolbox. Unironically gas yourself cock juggling thundercunt.

[Anonymous No.9085702]

>>9085102
OK, I'll bite. What problems does Bitcoin cash have?
28kbps is no less a ridiculous throughput to seriously plan on than 14kbps.
SHA256 hashing power is orders of magnitude more widely deployed and emitted than any other form of proof of work in the world, which is what dictates the security of well formed chains in question. Which by extension means no alt is anywhere near as heavily cryptographically armoured as BTC and BCH, and because BTC was sabotaged and hijacked, it is merely a matter of time before BCH inherits all that SHA256 power, couple that with the fact that BCH now looks like BTC back in 2013 with the flowing of dozens of promising new products and the absolute impossibility of the toxic core brigade ever getting a foothold in it considering how loathed they are and the future for BCH looks very promising indeed.

[Anonymous No.9086125]

>>9082437

ARK, soon... 1200 USD. My mind is in that space again. Thx OP. What a time, what a frontier.

[Anonymous No.9086134]

>>9082437
well nobody here had enough intelligence to talk and debate with what y want to talk about mah friends go get that shit some where else

[Anonymous No.9086226]

>>9082437
I agree. Too many normals invaded the scene who just want to make money at the expense of human progress. That’s why something as abominable as bitcoin core has been allowed to exist for so long.

[Anonymous No.9086402]

>>9082800
information is collected no matter what
the one variable you can change, the one thing separating authoritarian shitholes masquerading as democracies to societies where you actually have some form of freedom, is the transparency of that information

[Anonymous No.9086498]

This is why XLM will succeed in the long run
>durr hurr giving our money to niggers
Its called changing the world

[Anonymous No.9086509]

>>9082437
yeah cashless currency can easily be a bad thing too bud

if you think crypto is invulnerable to that kind of abuse from the establishment, if you think it cant be turned agaisnt us as a tool of evil, then congrats on underestimating the enemy you naive fool

[Anonymous No.9086520]

>>9082437
thank you for your contribution to /biz/. we need more posts like this. you've restore some of my faith in /biz/.

[Anonymous No.9086823]

>>9082437
It's over. Fucking let it go damnit.

[Anonymous No.9087199]

>>9086125
you know it sunshine.

[Anonymous No.9087227]

>>9083238
>Allowing the light of human intelligence to slip into dysgenic ruin
>Squandering humanity's potential future as an interstellar civilization
>Ethics