/biz/ - Business & Finance

>tfw MYST bags
JYST FYCK MY SHYT YP

>>2239503
Bitcoin, it's a decentralized peer to peer cryptographically backed open ledger monetary system. It's the future.

>>2196652
The entire fiat banking system is rearranged electrons, except they are backed some an old fat lady called Yellen while BTC is backed by the laws of physics.

Im sorry for the low IQ boomers that still haven't adapted their deprecated viewworld into the new reality.

how do i create my own memecoin?

>>1987270
Enjoy your trillion dollar debt meme. Meanwhile math backed currency will take over.

>>1505357

https://www.youtube.com/watch?v=JwkC8WaN5T4&t=30m14s

@minute 30 14 seconds

I guess you know better than Lagarde

Yeah, no. Keep coping tho. Not to mention during the transition to the inevitable cash society, be it in 10 or 20 years, Bitcoin will start skyrocketing already since more people will start to see the trend. Not everyone can see things coming years before it happens, indeed few do, which is why few (like me) keep getting rich from events like this while the rest keep coping on their normalcy biased, linear-thinking bubble.

There's even TV shows talking about this already for god's sake:

http://www.dailymotion.com/video/x4tcp17_mr-robot-clip-from-s2e11-talking-about-bitcoin_fun

Wake up and smell the coffee. This is a war. Choose Bitcoin or stay a cuck.

Bulletproof atoms.

Paypal was choking on the redpill and has already accepted his Bitcoin overlord's fate, just like Steam:

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=2&p=1&f=G&l=50&d=PG01&S1=%28%28bitcoin.BIS.+OR+blockchain.BIS.%29+OR+cryptocurrency.BIS.%29&OS=spec/bitcoin+OR+spec/blockchain+OR+spec/cryptocurrency&RS=%28%28SPEC/bitcoin+OR+SPEC/blockchain%29+OR+SPEC/cryptocurrency%292

United States Patent Application 20160148196
Kind Code A1
Dides; Emil ; et al. May 26, 2016
MODULAR DEVICE PAYMENT SYSTEM

Inventors: Dides; Emil; (San Jose, CA) ; Kamalie; Shereen; (San Jose, CA)
Applicant:
Name City State Country Type

PAYPAL, INC.
San Jose
CA
US
Family ID: 1000001611577

>Abstract

>A modular device payment module includes a chassis. A modular device connector is located on the chassis. A payment module database in the chassis stores funding source information and security information. A payment module engine in the chassis determines that the modular device connector has been connected to a modular device frame of a modular device, and retrieves modular device identifying information from the modular device. The payment module then determines that the modular device identifying information matches an authorized modular device identified by the security information in the payment module database and, in response, enables the transmission of at least some of the funding source information from the payment module database to conduct a payment transaction.

>As such, virtual card 706 includes a first virtual currency wallet 706a, virtual card 708 includes a second virtual currency wallet 708a, and virtual card 710 includes an Nth virtual currency wallet 710a. In some embodiments, each of the virtual currency wallets 706a, 708a, and 710a may be associated with different types of virtual currency (e.g., virtual currency wallet 706a may provide access to Bitcoin

Last chance to get in at 3 figures.

>>1269800
I would buy it, for the pump and dump so I can get more BTC.

Iintelligent, in-the-know people that has been in the game for a while, has already understood the futility of permissioned blockchains, when one that's decentralized, and has the strongest network on the planet, and is the olderst surviving one, already exists, and this cannot be changed unless you have a time machine to invent a blockchain before Bitcoin.
What we are seeing with all those attempts to rebrand Bitcoin into "blockchain technology" and whatnot, is a mere exercise of damage control, just like every nocoiner on the planet in 2016. They can't cope with the objective fact that anything that's worth existing will be running under the Bitcoin blockchain, including it's up and comming sidechains.

The recent $81M hack of the SWIFT network is a good example of what Goldman Sachs can expect on their permissioned blockchains. They will soon come to realize the costs of reversing fraudulent transactions and paying for trusted signing authorities doesn't match proof of work settlement. They will realize that there are some places in the world where trust cannot be purchased at any price and in those places Bitcoin will eat their lunch.

>>1252993
They can't break shit you autist
also most of the banking stuff is using sha256 too
If bitcoin ever gets backdoored (impossible anyway) the banking industry would be fucked too.
We can keep smoothly changing algorithm to anything we want anyway.

>>1214371
good, I already made you parrot my meme

now buy bitcoin instead of trying to fight history, or keep coping.

>2016
>Owns 0 BTC

>>1200924
Nocoiners make fairy tales on their head in order to cope with Bitcoin's inevitable triumph.

>>1187904
cope