/biz/ - Business & Finance

BTC used to he great, fast and cheap as fuck, even Vitalik was gonna build his platform on top of it.

The original devs are all gone though, all forced out by people with so many banking/finance/government/deep state ties that its almost impossible they're legit.

I'm in favor of keeping BTC alive just so these fuckwads direct their subversive and destructive attention on its rotting carcass rather than projects with merit. But mother fuck do we need a flippening and decoupling.

>BTC has lightning
>Eth is still dreaming that they might have something like that one day

Can't wait for the next billion dollar hack on that shitcoin

>>10108927
LN has two major problems:
1) It doesn't work
2) It doesn't address on-chain scaling, so it's entirely dependent on adoption, which it does not have

BTC is kept alive to keep normies in the game

as long as shitcoins barely have a product running / are waiting for industry adoption, the name Bitcoin is all that crypto has

theres a thousand coins "better" than bitcoin, but ask someone on the street, 99% haven heard of anything else

>>10108927
>lightning

Literally a shittier meme than 30 year old boomer at this point. It can only function as a big bank settlement network. You cannot use it to buy jack shit. You people ruined Bitcoin for this, I hope you are happy.

>>10108938
It works and btc has the most adoption. Found the nigger.

>>10108968
>It doesn't address on-chain scaling, so it's entirely dependent on adoption, which it does not have
>btc has the most adoption.
now everyone knows you don't even know what LN is

the absolute state of core cucks

For Crypto-currencies to have a 1+ Trillion market cap bitcoin will have to die. No way it can sustain the volume for that type of price

>>10108865
you're very very wrong, sir.

200k tx/day + no scaling pipeline = it means you cannot play those Jewish tricks like high-speed trading.

BTC, to date, has never shown any true bug/weakness. It resisted both 51% attacks and full-scale large-farm Chink attacks (you probably know there's hardware to quickly compute Monero, and since early 2016 only half a dozen giga-whales literally played the game).

Also, every BTC clone never catched up - just like any other altcoin (aka cheap BTC clones and scamcoins).

>>10109252
>200k tx/day + no scaling pipeline = it means you cannot play those Jewish tricks like high-speed trading.
you're saying it's useless by design? nice

>>10108865
>will likely cap

just lol

get a load of this Sѹboy

>>10109313

Of course, Lightning is useless by design as well

Is anyone gonna tell me where i can see this bitch get pounded?

>>10108865

>mEth not even once.


Etherium is a centralized scam with endless money printing possibilities. Every ICO is another money printing machine. Lmao

SEC will crack hard down on them and that will lead ICOs to dump their etherium i to safe $$$ lmao

Delusional etheriumcocksuckers

saw this on Jihans Memo.cash page

>>10108968
But using lightning is functionally like using a separate coin, and lightning has almost zero adoption.

>>10109396
>>10109335
boomers

>>10109470
This. LN is pointless and huge disappointment.

>>10108927
SOV+LN=(((reserve scheme)))

ETH blockchain is growing out of control. It's impossible to sync it without an SSD, and it's like 1 TB now, so it will become increasingly more centralized without cheap full nodes everywhere

>>10108886
>>10108966
Its really depressing to think about this shit and how many people have fallen for it.

>>10109518
LN isn't pointless, it's just absolute madness that we're relying on it to be plan A for scaling. LN requires mass adoption for it to work well and bitcoin itself is seeing negative adoption now.

We should be going with the intended scaling solution, increasing the block size, until it proves to be a problem.

>>10110089
dumbass if you increase it until you have a problem it will be too late to do anything about it.
oh whoops wold, sorry about fucking you all over for a couple hundred trillion, we thought it wold work and never tested it properly.

>>10110089
can you count?
visa handles like 10,000 transactions a second
bitcoin handles like 7.
If you increase the blocksize to 100 MB, you'd get 700 transactions per second.
Do you know how fucking bloated the fucking blockchain would be by then? you fucking niggerfaggot?
100 MB every 10 fucking minutes?
AND NOT EVEN 1,000 TRANSACTIONS PER SECOND

On the other hand, if we put together 100 transactions that can be summed up as just 1, and put that one in the block, we've increased the amount we can actually fucking scale.
Holy shit, I have to explain everything to you guys, are you seriously this dense or what?

fuck.

>>10108865
>ETH has:
>Staking (5% ETH vs 0% BTC)
when did staking come out?

>>10110184
>Bloated

That's 5.256 terabytes a year, or a couple hundred dollars in extra storage. Get real, faggot

>>10109869
Yeah, people will definitely keep using HDDs in the next 10 years. 128 TB SSDs exist, only a matter of time before they totally take over. Big blocks make sense.

>>10110175
That's why we do it incrementally. It gives bitcoin the time and opportunity to grow so LN can work properly if it's needed.

>>10110184
I think it's important to remind you that non-mining full nodes don't secure the network.

>>10110220
>>10110225
If you think disk space is the main problem of a big blocksize, you're showing that you have no idea what you're talking about.
And that's the fucking problem with the internet, everyone thinks their opinion is as good as people who actually understand.

>>10110220
its not just about the size of the chain itself you dumb fucking newfag

>>10108865
newfag cope /thread

>>10110251

You're probably talking about le non-mining nodes which don't do jack shit for the chain. Stay retarded

>>10110264

>>10108865
It is, eth already has much bigger adoption.
The moment eth either reduces inflation (currently ~2x btc's) or scales significantly btc is done.
If eth devs delay improvements for years I can potentially see some other coin replacing it, out of current ones only cardano and tezos are potential replacements. Very low probability though. Btc itself shows how strong network effects are, and right now eth has the strongest.

>>10108865
well did you know about RSK?

The reason why ETH didnt run on top of BTC, because RSK somehow way more efficient in terms of blocks then ETH.

and with 2sec blocktimes capable to handle >1000tx/s already available on the btc mainnet for developers.

>>10109869
>It's impossible to sync it without an SSD
This is true but not a problem.
>and it's like 1 TB now
that's a lie, bare blockchain is about 39GB now.
Full node requires about 80GB.
https://dev.to/5chdn/the-ethereum-blockchain-size-will-not-exceed-1tb-anytime-soon-58a
>>10110184
>On the other hand, if we put together 100 transactions that can be summed up as just 1
Which isn't realistic for typical transactions. LN has channels which run out, which forces settlement. LN only works great in theory when channel balances >> transfer values.
This is a completely separate issue to the biggest ui failure - that you need to be online to receive the payment.
>>10110354
There's no reason to use rsk over sidechains on eth. It's a dead project.

>>10109392
kek it's Lexi Belle before she got fat

Bitcoin does suck, which is why I'm hedging against it with a few current cryptos and some coming in the near future. It'll one day be dethroned, and hopefully whatever replaces it is actually good enough to realistically function for mass use (and no it's not Bitcoin Cash)

>>10108865
>muh real world utility!
Remind me again how many sites accept ETH over bitcoin or bitcoin cash?

>>10110251
Block propagation isn't a fucking problem.

There is actual research being done on this. You'd know that if you werent a complete corecuck.

>>10110747
who cares? It's about trajectory and potential at this point; everyone knows cryptos are useless currently - BTC just isn't doing anything to solve the problem

>>10110747
Nobody needs crypto for normal online shops. That's why bitcoin disappeared from many places (eg. Expedia). Nobody was paying with it, and that was even before fees started to be a problem.
Crypto is needed where it's better than existing solutions. That means drug payments (although it's a very small market so far). That means raising investment money - eth's killer app so far.
Cross border payments between individuals - here eth is objectively better due to how much faster transfers are.
Holding savings independently of the local financial system - here eth comes with DAI, interest is rising exponentially.

Bitcoin wins over ethereum only in drug payments and interest from speculators. Second is certain to follow ground adoption eventually. The first may shift to ethereum if it gets some privacy/anonymity option.

>>10110379
>it's a dead project

Yeah, this. Regardless of what you think of cashies, their basic criticism of BTC is totally on point - it got crippled as a platform and it's too retarded not to be deliberately done. I was a fucking retard who fell for the meme that Ethereum was useless, since obviously Btc would get proper smart contracts any day now and didn't buy when it was dirt cheap. Look at how shit it runs already, now imagine rsk on top of it. Nope, it's a shitty "store of value" forever.

>>10110747
I’m pretty sure it’s 50-50 in that regard

>>10109494
source?

>>10108886
fpbp
I don't care whether it's BCH or ETH that flips it, but it's about damn time

>>10111038

Surprise twist: It's neither of them

>>10111038

probably BCH

>>10111072

There's no realistic situation where BCH would flip BTC and not effectively kill the brand power of Bitcoin in general and kill them both

>>10111072
https://bitinfocharts.com/comparison/transactions-eth-bch.html#3m

>>10111072
why the hell would it be BCH?

>>10111091
hurrr

>>10111091
>There's no realistic situation where BCH would flip BTC and not effectively kill the brand power of Bitcoin in general and kill them both
It would damage the bitcoin brand for sure, but a decade of no scaling fix would do the same, so it's better if it happens sooner rather than later.
Besides damaging the bitcoin brand is good long term, it means that brand names aren't everything and crypto-s will have to compete based on merit, instead of having a hijacked shit project at #1 for years to come

>>10111038
Gonna be XRP and then everybody is going to be more fucked than ever in the Crypto community. Be very fucking careful what you ask for.

>t.Farseer

>>10110379
When you truly understand what it is and how it works, you get that there is no fucking way LN is a "scaling solution" or can be used by your average normie.

>you must be online because LN uses "channels" instead of the blockchain
This is a dealbreaker and a huge step backwards from the functionality of Bitcoin already.
>Routing is an issue, very good chance your shit might not go through
Again, another huge step backwards.

LN is shit, shit, shit, all around shit. There is no way around it. Instead of an easy system like Bitcoin, Ethereum, whatever, where you can literally pay anyone, anytime, with zero restrictions, with LN you must be online and hope your payment can be routed.

Don't underestimate how massive of a step back this is. Normies thought BTC was hard enough, there is no fucking way they are gonna adopt LN. You might as well just use venmo or paypal if you are going to put up with that kind of shit. And they will use those things.

When you take into account how horrible this design is and how Bitcoin Core took over Bitcoin and rammed this trash through, it's clear as fuck what they did and why. They wanted the crypto market leader locked down and only usable by the banks. It's beautiful, in a way. Both take out your primary threat and make it only usable by you.

>>10111072
Probably. People need to pay more attention to that coin and what they are doing.

>>10111091
You're low-key shilling against BCH this entire thread. It is literally one of a handful of cryptos with an actual emphasis on real-world adoption and use (not this HODL/digital gold bullshit that actually kills real world use). It has multiple dev teams, has already surpassed BTC in technical development,and is adding new features, block propagation tech, and potentially privacy features.

If this is news to you, you need to look carefully at where you get your info from.

>>10111091
le too big to fail meme. Let's just ask the gov for a bitcoin bailout. Stupid nigger. Bitcoin killed the bitcoin "brand" anyway with its retarded scaling plan

>>10111134

I'm just saying why BCH flipping BTC will never be able to happen without killing BCH too. Normies get confused how they bought the 'wrong' Bitcoin and why theirs is worthless now, followed by extreme reservation on getting back in on anything named Bitcoin because maybe they'll bet on the wrong Bitcoin horse again. Both of them being taken out back and shot would be great for the space though

>>10111140
>You're low-key shilling against BCH this entire thread.

Because BCH is almost as garbage as BTC. If people actually gave a shit about mass adoption of crypto they'd support technologically superior projects trying to genuinely improve in the space, not just people wanting to get cheaper Bitcoin and ride the brand to the moon

>>10111154
>le too big to fail meme.

That's not the argument at all, how exactly did you get to that conclusion?

>>10108865
i miss prime lexi

>>10108960
That's like saying an European car brand is obscure in America, a new kid on the block. Just give it time and and the reputation will grow as awareness of it spreads across especially the internet for digital payment alternatives

>>10110250
I can't transfer my old wallet to a light one because it has non-deterministic addresses

In other words, I will lose my transfer history if I switch away from Bitcoin Core

>>10111113
Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY.
They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping.
In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos...

Can't fit more in this post, are these sufficient?

>>10111168
lol normie opinion won't last long term. market opinion of stupid fucks ALWAYS changes by whatever current emotional drivel is going on. when crypto market is bulling again, these faggots will jump right back in like nothing happened.

Yeah ok Roger Ver nice try.

>>10111275
>BCH adoption is skyrocketing
This is the main reason I'm bullish on BCH. There is no coin-specific community so focused on actual adoption, it's like things were back in 2013 with BTC.

>>10111380
>muh roger ver, muh bitcoin judas

>>10108865
This solves everything here. And no eth is not a store of value.

>>10111388
STFU even dogecoin has more adoption than btrash. Fucking bcashis smell

>>10111521
>10000000 $0.0001 transactions mean more adoption than 5000000 $100 transactions

>>10111275
what a cancerous post

bullet points and real arguments, not a fucking blob summary of the bitcoin cash subreddit for the past 12 months

why would BCH flip BTC before ETH does - be concise and ignore the fact that bitcoin is trash because you're preaching to the choir

There is a third party candidate, but you guys can only vote in one party or another.

>>10108938
This

>>10108966
Haha LN = SWIFT for BTC

>>10111540
>why would BCH flip BTC before ETH does
I never said it would. I only said that a BCH flippening is also inevitable. Tbh I think ETH is overvalued despite having the best devs, simply because it's not a global currency, it's a global smart contract computer. Vitalik agrees btw.
Also my post was specifically formatted to show that there's a flowing stream of good news, it's the written version of a Debussy piece, you're just too pleb to understand it.

>>10111587
Shoo shoo Pajeet

>>10109252
Unreadable currency with no utility is Jew repelant? It’s also investor repelant dumbass

>>10111136
This XRP is scalable

>>10111654
>I never said it would.
don't move the goal posts - you replied to a post where it was asked why BCH would be the one to flip instead of ETH

>it's a global smart contract computer.
it's a superset of BCH, and since it's also better in their overlap, then BCH is obsolete

>Also my post was specifically formatted to show that there's a flowing stream of good news
XD

>>10111770
going to bed, will reply in the morning if thread isnt rip

>>10110883
high iq post
gaming dapps, or for that matter games using ethereum and ether for part of their functionality through standard frameworks, will become a big thing too

>>10110184
Hurrr muh SWIFT network on BTC