/biz/ - Business & Finance

>>10981510
*Bites into bait*

BTC is a completely different system compared to an ACH transfer. By only focusing on one metric (Apparent txn speed) you are not fairly comparing the two systems.

An ACH transfer is "faster" (often taking 2-3 business days) because nothing is really being transferred. The bank holds the money and is just shimmying numbers around. With Bitcoin, the "transfer" of "coin" involves an actual, irrevocable exchange of something (access to coin via a private key). An average of 10 minutes per txn is very fast *relative to the security and control that Bitcoin offers*.

Using Bitcoin is like becoming a bank. You are not acting as a customer with a custodial account owned by someone else. You are now in the driver's seat with increased rights and responsibilities. It was and remains a trade-off that people like myself were looking for and it remains useful. With developments on the way (such as the Lightning Network) the utility will oncrease in scope and scale.

>>10880331
>Actually afforable
unit bias

>useful as a currency
Money must be a store of value before it can be a medium of exchange.

>>10810173
>however since BTC isn't supposed to be used anymore, what's the point?

>>10735880
Very fucked.

>>10730986
>Some people have supported bitcoin since 2009
>Some people have been literally bought off to create a weird sidechain called lightning network
\
Yeah like this Blockstream INFILTRATOR in pic related

>>10722317
>He'll never make it.

>>10721997
He isn't god. As time passed, it became clear that block size increases were not the ideal solution. Guys like Hal Finney were already speculating about other scaling solutions early on.

https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

>>10721887
You can spend it on your future self by hodling once you realize that consumer spending is not the first priority for these projects.

>>10716543
Because BCH is centralized sock-puppetry.

Friendly reminder that these threads are all shitposts made to get (you)'s from bitcoiners.

>>10674167
Yeah, brainwashed idiots like pic related.

Cashies, your time is almost over.

>>10673281
> If TODAY there were 400k transactions similar to December, would the fees also go to 20-40$?

No, because of batching, segwit, and better wallet fee estimation. They wiould increase but not as high given the same txn amount.

That being said, on-chain fees will continue to increase over the long term.

https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

Eth is fucked though.

>>10625382
(((You)))

Roger Ver is gay too lol. Pretty much everyone behind bcash is a literal faggot.

>>10618403
Also, pic related.

>>10597807
>The old school guys are rooting for BCH
Late adopter confirmed.

>>10584214
>Not understanding what payment channels are and their relation to the blockchain.

>>10584155
The blockweight has been doubled due to segwit (https://transactionfee.info/charts/payments/segwit)), exchanges are starting to batch txns and LN is on the way. Cope more.

>>10583893
inb4 cashie cope

>>10564313
sure thing newfag.

>>10538842
>>10538852
MORE POSTS EQUALS MORE CONSENSUS.

>>10488875
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a

Your ignorance is extreme, but unsurprising.

>>10457927

>>10309953
>t. pajeet

>>9617492
>Adam Back
>Cited in Bitcoin white paper

>>9504724
>(read; this project will *never* be politically hijacked from its ancap roots)

First of all, you sound like a faggot.

Secondly, Adam Back and Nick Szabo are legendary ancaps. This guy is a literally-who with a colored hoodie.