/biz/ - Business & Finance

>>14435305
I hate having a fucking job. I would have been able to make so so so much more doing fucking arbitrage today

>>5132662
>miners chasing profits
What that means is that there has been at least 1 time when BCH had majority hash rate for minutes, and since then that has never happened again despite BCH being more profitable. They're NOT chasing profits; they're collectively voting on the coin that fucking works because the way BCH made it's low fees signals to every fucking miner that the moment the fees are high, they will be hardfork lowered by increasing block size. That means BCH is a shitty coin to mine because you treat your miners like shit. Just fucking switch to PoS like all the other "new and better" coins. You probably think there isn't a hard asset behind BTC, too.

Last post ITT cause fuck you guys. Here is the magic of BTC:
>miners commit hard assets in the form of electricity and mining equipment
>BTC protocol converts electricity into a storeable "commodity" called Bitcoin
>those who do not mine can use the stored electricity as a deflationary store of value or medium of exchange
>using it as either rewards the miners with either fiat (if the miner sold) or capital gains (if the miner holds)
>the miners continue to reinvest in more electricity and more mining equipment, increasing the hard asset backing of BTC, and subsequently driving the price up