/biz/ - Business & Finance

>>27122809
Just gonna keep posting this. A lot of you tourists need a basic understanding before you just waltz into the shitcoin market and get rekt because you think you can just hodl.

>>27105124
>I also see a lot of shilling for STA, but this feels like low-teir meme shitcoin.
You passed the iq test. Welcome to /biz/.

>>26932309
this but unironically.
>>26930780
In all seriousness we already know the answer to this OP take your day 1 questions somewhere else

Also probably a host of layer 2 if (when) ETH can't scale to meet the demand.
There will still be plenty of crypto around in 10 years. Hopefully less complete shitcoins.

If Bitcoin begins to soar again, it's going to need a powerful Lightning solution or it will quickly become lethargic and expensive to send money with.
On-chain tx bandwidth needs to be ruthlessly optimized with priority to large sums of money. Sending $1 million? Do it on-chain and screw the fees. Buying a beer? Lightning.

If done right, Lightning channels can handle the heavy load of small, irrelevant txs, freeing up the pipeline for tx that genuinely need the benefits of on-chain.

For Lightning nodes to do this effectively, they need liquidity. That source of liquidity remains a subject of controversy, and rightly so.
It burdens the end-user to provide their own liquidity in a way that's inconvenient and hardly profitable, which beckons centralization on a massive scale.
In other words, you either have something that's decentralized and doesn't work, or something that's extremely centralized and works well. 1000s of water pumps atop 1000s of drying and shallow wells that can't provide liquidity, or a massive water company that's monopolized the water supply. It could turn a desert green, but it could become corrupt and start ripping off the town.

What's the way forward? You can't change how LN was implemented on Bitcoin, but you can work with it independently.

Masternodes are excellent LN routers, namely because they're
>secure
>run 24/7
>evenly spread out all over the world
>provide collateral - "Alice and Bob" only have to worry about securing their wallets and making good backups

If you put an entire masternode network to the task of doing this, you get heavy collateral that provides serious liquidity for small off-chain Bitcoin tx.

tl;dr - LN flows like liquid, and your options to scale liquidity are
>1000 pumps on 1000 shallow wells
>a water company that holds the town hostage
>a deep underground water reserve that's in one pool, possessed by no one, directly accessible from the surface

This is what Stakenet has been building, /biz/. Don't miss out.

>>26455504
thank me later

>>26430482

>>26427485

>>26371861
Just kidding pnkbros

>>26241488
>>26241497
>>26241599
How did we get this far without any of you faggots posting the pic

>>26119128
LINK was called a scam just as much back in the day (and still is). This pic explains why Kleros is so important for the crypto world.

Pnk Sires.

Soon:
>Pnk Farming (27%apy at current staked numbers)
>Proof of humanity coming which will bring verifiable 1 address=1human
>$4eoy

>>25136213
LOL. way to read the fine print.

>>25101171
n-no?

Bitcoin with 439 Billion Market Cap is too hard to 10x now right? That would put it into the 4.39 Trillion market cap territory.

It's much better to invest in a promising altcoin of $50M market cap, for that easy and more realistic 10x or 100x, right anon bros?

Why is everyone hyping up Bitcoin when even if it hit 100K, or a 1.6 Trillion market cap, it would only be a 4x?

A fellow businessman came up to me at the KFC in the heart of Mumbai and praised my choice of sandvich today. He said his name was Nico Masala. I invited the gentlemen to sit down with me to break our bread and he obliged. Nico Masala then picked up a piece of naan and tore it in half in front of my eyes, very close like.

He held the naan up to the light and said:

I give you one half in hopes you find a nice girl with a big toilet.

And then he paused and checked his calendar then said

Sir you have 2 weeks. Coinbase. Needful. Pajeets do not shit in the street forever you know?

Nico masala stood up to leave, tipped his cap, albeit before leaving he left a very vibrant and exciting business card.

I went home and cried to my mother as I told her to sell her shoes

What's the next PNK?

>>24527607
>disrespecting the ETH LINK PNK holy trinity
>disliking something because normies are now pumping it
ngmi

>>24428230

Chainlink isn't Sybil resistant, whereas Bitcoin, Ethereum along with Kleros will be supported in the near future. It's up to you to decide which platform you prefer, and with a few factors of interest, the choice is yours.

>>24160163
Next evolution in smart contracts

>>24056893
Also this. Hedging PNK w LINK covers all your bases with objective and subjective smart contracts market growth.