/biz/ - Business & Finance

>>30104037
boo-boo-baa-baa, why don't cry less, you little baby

>>25615666
Based

>>24477772
Based /g/entleman will follow advice.

>>23988759
>https://decrypt.co/34810/how-many-bitcoin-does-its-inventor-satoshi-nakamoto-still-own

Yes early investors get more net worth ,and in a few years there will be a nocoiner degenerate like you pointing how people in this thread had more than 1 bitcoin thus it's premined.

>https://chainbulletin.com/bitcoin-mining-map/

Mining pools are not miners , they are pools were miners from anyplace accumulate hashrate together , they also act as a vpn so it showing 65% of china is bullish as hell since the miners behind that chinese pool can be anywhere in the world but china does not share data with anyone.

Keep coping nocoiner.

>>23741109
1. It is not untraceable.

And that' sgood because it's auditable

2. It is not decentralized

Sure it is

3. Price is subject to the mercy of whales.

No, bitcoin inflation is bellow fiat currencies only 800 mined per day as long as people eat that new supply buying it the price is stable if more than that buy it the price goes up.

4. Minting power (i.e. Mining) is consolidated in the hands of the wealthy few.
IN WHAT WORLD IS THIS A GOOD CURRENCY??

Mining is open also you can mine on other currencies like monero on cpus and get bitcoin exchanging it.
Also mining entry costs and economies of scale are going to disappear in this bullrun due to moore law limits.
Economies of scale on mining only happened due to asics needed to be changed every a few months.
Due to moore law ending we will have the ultimate asics and buying on mass quanities won't give economies of scale meaning mining will become descentralized.

Hell won't be suprised if people find interesting use for the heat created by asics in 2 or 3 years after the last asics arrive.

>>23602651
>tfw the number of millionaires in the usa is the same as the ammount of bitcoins mined.

these digits say 5k

>>7580326
>HODLing is always the wisest choice
It's for brainlets who have no confidence in their decisions, are too stupid to understand TA, and probably bought high and now don't want to sell low so they just hold because their tele, McAfee and BASED CHAIRMAN XXDDDD told them to. But if you're a brainlet, it's the wisest option you have I guess.