/biz/ - Business & Finance

How come it's easier to be a millionaire than get a girlfriend
Why?

I'm leaving for 1-2 years. The market now is poised for a major correction, it's just unsustainable when there's a 600 billion market of 95% scams. People here like to compare crypto to the dot com, but back then the companies had real companies with real business models, all regulated and transparent, but as somoene who's been in crypto for a few years I can say now the market is mostly scams which have no value in the long term and won't last when they lose the hype. Just look at all the major coins:
BTC - shitcoin operated by banksters with a 2nd layer unlikely to ever be used by the average user
XRP - a taster "coin" for a test network for the proprietary settlement solution Ripple
LTC - BTC's spare chain for when BTC fees go to $20
IOTA - no evidence it can work
Zcash - huge founder reward, and no privacy
Hundreds of ICO tokens which are outriht scams like Numerai or have nothing but a whitepaper or very little reason to hold like District0x and TenX.
Even some legit coins really started as instamine or premine scams like Dash and Bytecoin
ETH - not a scam but made a few dubious architectural decisions, even BCH could have better smart contracts in the future using colored coins


I'd rather not go to fiat because long term I still believe there'll be demand for some coins and they will perform far better than the USD.
inb4 downvote me

How ya gonna scale that shit up ? You'll need 8GB blocks eventually nigga

>>4909737
BCH to da moon from the other side!