/biz/ - Business & Finance

>>58595777
Since you got trips, you will even get three of those.

>>52918628
my whole post was about how the lightning network is vaporware. your coinbase visa credit card will be your L2. if you want your L2 to be decentralized, trustless, etc see pic related

>>52914759
You didn't actually read anything here, now did you?

Pearls before swine.

>>51666814
You're missing the point. Intentional? You can't be this gullible, right?

He did have the keys. He did keep them safe. He did use them. However, he chose to tread a path that only someone who wants to see Bitcoin survive for over a hundred years would. BTC idiots are going to get shafted by the govt. They think they have Gary's blessing, but they don't.

>>50980343
Kinda sad how you're holding on for dear life to this broken system. If you want to use 3rd party systems like Lightning, just use Visa you know? :D

You talk a lot, but in the end you are cluess. A working system doesn't require 18 more months and then 18 more months and complexity upon more complexity and then 18 more months and then more complexity and then it still has major problems as several devs recently talked about.

Nothing is solved. LN doesn't work properly now and it never will.

>>50858978
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#alltime

See the 2 peaks? That's what happens when the network is actually under load aka used. BTC can't handle mass adoption.

Now think about Lightning... you still must open/close channels on-chain. That'll cost you $60 each time to allow "cheap" payments. And that's assuming Lightning works, which it doesn't.

>>50750969
It is a flop. Over half of all LN's capacity is now controlled by a total of 5 entities (~2,260 btc).
One of the key concerns with a network like Lightning is that it becomes more and more centralized over time, not less (unlike L1).
They have visibility into all those UTXOs and all payments through them, but they don't hold the keys for all the Bitcoin of course.

Truly the best surveillance system.

Imagine using blockchain without wanting to save the data in the blockchain, KEK

BSV = BITCOIN

>>50243503
yeah but which bitcoin? segwit bitcoin? or 50k tps bitcoin sv? or roger cash coin abc?

>>50075457
>Bitcoin does not have fungibility but there may be ways to address or solve it without sacrificing verifiability of the supply and transactions on-chain. Time will tell.
I doubt that due to the reasons aforementioned, It does not reach consensus in order to hard fork. If it is not fungible at the base layer, it can never be. Fungibility is an innate property of money, btc can never be money if it does not have it.
>Use Lightning, or some other layered solution.
Those are not solutions, see picrel. Did you know that over HALF of all lightning network capacity is now controlled by 5 entities? So much for decentralization lol.
>Then use Monero for that. Bitcoin has to maintain verifiability of transactions, transparency, and audibility of the supply. This matters more than frangibility.
You do realize that Monero does ALL that you mentioned. It is also optionally transparent.

>>50032848
>because muh fundamentals
>>50033825
>Every other shitcoin can do the same thing
>except they don't
>you're just too stupid to know why

Bitcoin's fundamentals are shit - no fungibility and no privacy. You cannot have an economy without the aforementioned and with a limited supply, as inflation is good for a currency (makes it easy for outsiders to enter into the economy). BTC will become unprofitable in the future and will be subsidized be high fees, which will make it even more unbearable to transact on a day-to-day basis, it'll also make it less secure. Layer 2 are not solutions to this, picrel.

You're a parrot, speaking the same talking points without any form of individual thought (like every btc maxi I've seen) and at the same time attacking others' refutals with moronic nonsense. Try and refute the text above, if you're silent it'll only confirm the truth.

>>49911063
>It does fix the problem for fast in and out transactions and back to chain, the problem is when people start holding their btc in the privacy layer.
Nope, read picrel. Why would you add a layer of "privacy" when Monero already does it at the fundamental level.
>Bitcoin is not being displaced of course some black markets use monero it's undeniable
Yes it is, it's only a matter of time until DNMs become Monero-only. It's the new crypto standard.
>doing everything correctly
Provide evidence to such, you cannot remove the history of the coin idiot. All the mental gymnastics you can do does not matter.
>bitcoin on LN and all that or just sell it to monero and then buy bitcoin back and voala!! washed up
Again with the mental gymnastics. No sane person will do such things when Monero is just send and done. Simplicity is the highest form of sophistication.

>>49403718
- Answer to perjury & fake Wayback Machine post
youtu.be/OqpwuJw7cxY?t=2614 [Embed]

>>49403731
KYC is coming to all of crypto, you better not delude yourself. When the EU was pissed at Binance and banned all SEPA transactions they turned 180 degrees quicker than me spinning your mom, Binance went from Rogue-exchange without records to Comply-with-literally-everything exchange in a matter of days lmao.

>>49394919
Lightning Network, a centralized "solution", is antithetical to a blockchain (picrel). It's only a thing because Bitcoin does not function properly to begin with.
>some degree of privacy and fungibility
Privacy is, but fungibility is not a spectrum — it's either fungible or it is not.
>even LN can be implemented on top of Monero if it's worthwhile
Monero does not need LN nor is it worth to do so. It's best to spend resources on something actually useful.

>>49365425
What are you trying to say? BSV is the fastest PoW chain by far, these bullshit L2 Proof of SQL database "chains" don't even matter, they lack security and become ever more centralised as time goes on.

>>29353481
Bitcoin SV Academy: Steve Shadders on why there’s something for everyone >https://coingeek.com/bitcoin-sv-academy-steve-shadders-on-why-theres-something-for-everyone/
>https://twitter.com/shadders333
Two Core Coins worth of value are about to go from Core -> BSV and DOGE.
>God bless everyone in this thread

>BSV was always inevitable, I've been waiting 8 years for it in some form but BSVers should seriously consider that they might be way ahead of their time and that the market won't catch up to them for years, maybe even a decade or two

>BTC might have to hit 1mil a coin before people realize the system is broken, right now we are still in a very primitive stage in crypto. Basically still in the proof of concept era.

>As a ledger, BSV has so many unique and valuable properties and will only get better over time. Twetch is a remarkable example of this, what you can do with micropayments and proof of work schemes like Boost and 21e8. The guys building on BSV (not the clown show CSW and Ayre), the people doing stuff outside of the Coingeek regime, are probably the most interesting group in crypto to me right now.

>Alll that said, I do think BSV will see a significant price rise in the near future but as someone who has been in these markets for a long time, don't put your eggs in one basket. Just try to make as much money as possible so you have a war chest ready when the rest of the world catches up

BSV was always inevitable, I've been waiting 8 years for it in some form but BSVers should seriously consider that they might be way ahead of their time and that the market won't catch up to them for years, maybe even a decade or two

BTC might have to hit 1mil a coin before people realize the system is broken, right now we are still in a very primitive stage in crypto. Basically still in the proof of concept era.

As a ledger, BSV has so many unique and valuable properties and will only get better over time. Twetch is a remarkable example of this, what you can do with micropayments and proof of work schemes like Boost and 21e8. The guys building on BSV (not the clown show CSW and Ayre), the people doing stuff outside of the Coingeek regime, are probably the most interesting group in crypto to me right now.

Alll that said, I do think BSV will see a significant price rise in the near future but as someone who has been in these markets for a long time, don't put your eggs in one basket. Just try to make as much money as possible so you have a war chest ready when the rest of the world catches up

>>28756712