/biz/ - Business & Finance

https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash

i thought you guys were shitposting

Why is a Bitcoin subdivided into 100,000,000 satoshis? What is the significance in letting a Bitcoin be subdivided into so many atomic subunits as opposed to something like a dollar that is subdivided into 100 cents (or 1000 mills)?

Need a sanity check. I figured the objective of trading in and out of alt-coins was just a means to amass more bitcoins. Most alt-coins fail anyway, but BTC will be around for years.

If that's the case, then why do people worry about the fiat value of their alt-coins? Why does anyone talk about "getting into NEO at $18"? It's all relative to BTC. If the value of your shitcoin goes from $8 to $10 but went down in satoshis (or ether value) then you made a bad trade... regardless if the value of the portfolio increased.

It's sort of akin to trading index funds vs. individual stocks.

Am I retarded? Have I been looking at this all wrong? What do you people know that I don't?

Tell me about Satoshi's vision /biz/.
Which is closer to it? BTC, BCH or ... something else?

Bitcoin inventor Satoshi Nakamoto dumped all his coins and BTCUSD went down to 0

First btc address gets a satoshi

>>2442222
Checked

For a poorfag like me, where is the best place to farm satoshis?

>>2254187
The story of the nigga who created bitcoin

Rumor has it that this man created Bitcoin; his street name is “Satoshi Nakamoto”

In 2008, Mr. Nakamoto was sniffing coke off a stripper’s ass and getting high in the strip club. But then the 2008 subprime market crash happened in the USA, which led to a world wide depression.

(What is the subprime market crash? Because bankers being greedy hooked nose crooks. The bankers scammed people and then, in turn, the government bailed them out. What the fuck?)

Mr. Nakamoto said: “These fucking hooked nose bankers, I’ll create my own digital cash, I don’t give a fuck!”

In his underwear, he wrote the code for bitcoin. Thus, in 2008, bitcoin was born.

(It took him 17 minutes to write the code for bitcoin; after that he took a shit and then fucked a high class hooker. Don’t ask me how I know this)

>>2253828
Rumor has it that this man created Bitcoin; his street name is “Satoshi Nakamoto”

In 2008, Mr. Nakamoto was sniffing coke off a stripper’s ass and getting high in the strip club. But then the 2008 subprime market crash happened in the USA, which led to a world wide depression.

(What is the subprime market crash? Because bankers being greedy hooked nose crooks. The bankers scammed people and then, in turn, the government bailed them out. What the fuck?)

Mr. Nakamoto said: “These fucking hooked nose bankers, I’ll create my own digital cash, I don’t give a fuck!”

So he created bitcoin. What makes bitcoin unique is the blockchain. With blockchains, you cannot “double spend”. Meaning, you have 1 bitcoin, you can send it to someone … and your bitcoin is gone; you cannot have 1 bitcoin and send 10 bitcoins to friends. Why? Because of the blockchain, which is like a record book that cannot be changed.

How is the block chain (record book) kept? Because computers keeps updating the book. But running computers to update the blockchain cost money, so Mr. Nakamoto, in his infinite wisdom, gives free bitcoins to the owners of the computer owners every 10 minutes. Because bitcoin has value, the computer owners will continue to run the computers so the record book (blockchains) stay updated.

Interesting, huh?

Aspierin pls go, adult coders are coding.