/biz/ - Business & Finance

cringe and bluepilled
ethereum is my living and 0% of it is related to the valuation of ether

very original thread thanks just market sold everything

True. Just sold all my bags

i realized immediately and stayed the fuck away.

About 2011

>When did you first realize crypto is a get-rich-quick pyramid scheme, which depended on ignorance of what the blockchain is and how it functions, therefore being able to sell normies this idea that its the "next big thing"?

It is, but not by design. Not before 2012, anyway.
Proof of work was a genuinly clever idea - which turned out to fail on the large.
The fact that people starting forking it up to even building business around the ideas is not the fault of the technological concept from 2008.

>>11370229
Friendly reminder: pic related

>>11370229
if you understood the tech and its implications you'd know its 'the next big thing' in its infancy

>>11370229

These normalfags need to learn how to use sunscreen

>>11370568
I understand the tech, its really not that impressive. It's useful in specific applications like when you have a massive subset of untrusted parties and you need a public ledger to track some information. But its nothing revolutionary. In terms of value to corportations, everything that blockchain does can be done with a modern relational database. In terms of its value as a transactional currency, its woefully useless when compared to fiat. Even fucking Venmo crushes Bitcoin in every single measure of usability and feature set too.

>>11370229
when did you first realize fiat is a get-poor-quick pyramid scheme, which depended on ignorance of what fiat money is and how it gets printed and inflated. Therefor being able to make the normies store it in bank saving accounts?

In December when the normies where pilling on, They bought the wrong bitcoin. Blockstreams crippled banking 2.0 system. and normies saw how the Elite Banksters once again tricked them. They're never coming back to buy it.

There fixed it for you, retard.

Not to mention the stupidity that all these Anti fed people are unwittingly being tricked with this idea to advocate for a cashless society. People are fucking stupid.

>>11371259
They went from hating banks to celebrating banks like Goldman Sachs whenever they say theyre going to launch a crypto trading desk.

>>11371003
Cope more december buyer.

>>11370229
>>11371003
Bitcoin (the real bitcoin) is quite impressive actually. There has never been a digital money that allows for sub cent transaction fees. That is going to open up a whole new business model of micro transactions on the internet. You won't get this with BTC though of course.

Additionally beyond being money, the op codes that Core so intelligently removed open up a lot of other potential for data and applications on the blockchain.

None of this will ever happen on the BTC chain though of course because blockstream wants to sell you their Liquid sidechain solution while they cripple BTC.

If the real Bitcoin (Cash) can fix the multi-threaded code and prove it can scale to multi gigabyte blocks or bigger it will easily be a multi trillion dollar market cap coin.

DYOR.

>>11371057
based and redpilled
jk, you're a massive faggot.

>>11370229
You are a normie if you haven't found yourself any solid holds by now. Sell everything if you haven't yet and come back to us next bull season.

>>11370229
When I have been telling you fags this for years
http://esotericawakening.com/is-bitcoin-a-bankers-scam

Tried to save you greedy, brainless, empty headed faggots but you would not listen anons feelsbadman

>>11370229
The real question is will you actually pay attention and listen this time?

>>11371732
>star wars fandom

can you be any more of a soiboy?

>>11371468
I sold in December you tard.

>>11370229
dont know about you but cryptos been the best thing that i ever found out about, making money left and right in this market

Test.

>>11371003
such a brainlet. Currency is but one of its uses, and the least impressive one

>>11370292
If it can't handle the free market factors then it was never going to work long term

>>11372671
can you name one other use?

>>11372671
Really? What is its most impressive use? Other than being a vehicle for a ponzi scheme?

>>11370229

Imagine you stick your face in their asses and they hold your head down in it and fart haha that would suck

>>11373056
>>11373108
blockchain is not crypto, fucking retards

>>11373185
Are you pretending to be retarded?

>>11370229
>When did you first realize
When I found out no one was fucking using any of it to make purchases lol.
>satoshi's vision
>fuck duh bankz
>we gonna replace fiat
>$50 transaction fees
>can't handle the transaction volume of a medium sized grocery store
>ETH can't even handle a small game about cats
>m-m-m-muh store of value *loses half of his value every week*

>>11371544
no technical factor will increase value.

>>11371057
>Liberia
Germans were kangz n' shieet?

>>11371573
Screencaped, we will see when Russia is defeated at the Ruhr

>>11373373
>store of value

*laughs in broke*

>>11373536
>WHITE DICKS ARE SMALL AND PATHETIC
>PLEASE GIVE ME BLACK DICK
soon

>>11373804
and finally
>BLACK DICKS GAVE ME AIDS
>PLEASE GIVE ME FREE HEALTHCARE

>>11374514
kek

seriously tho, whitebois can't compete

>>11373056
Cryptocurrency can be used as an incentive mechanism for mesh networks, distributed hosting and cloud computing. That's where this is going. Ethereum was the second step and now a number of very talented teams are trying to build platforms that can actually scale up to make that possible.

>>11371057
>Elite Banksters
Call them by their real name- "Lampshade" Goldbergstein and "Bar of Soap" Shekelmann the parasitic Kike Untermensch

>>11373135
based haha brapsniff poster

>>11370229
WHY DID YOU LISTEN TO ROUBINI?
and why are you still here?

Im gonna shill you FMF but you dont seem worthy

>>11370229
If you truly believe this then you can still get rich quick by shorting it, theoretically. It's a win/win situation you fucking loser. Too bad you doubt yourself too much too ever make a profit.

>>11370311
for how long?
a 5 minute fuck tops ?
5 days before she runs away with your rolex and never sees you again?

:^)

>>11370229
go fuck yourself OP. your IQ is too low for /biz/

>>11373536
hahaha Chang eternally BTFO, how can he ever live this down

>>11370229
Bear down!!

>>11370229
Do u guys think normies like the feet too?

>>11371437
This what an absolute contradiction #wakeupsheeple

>>11375096
This, whitebois are way behind in per capita violent crime rate and AIDS

i love normies

>>11371003
>blockchain does can be done with a modern relational database
wrong. I could go into the database at my company and make it say I worked 63 hours that week and get paid OT. With blockchain theres no way for me to cheat the system like that

>>11378642
do it faggot

>>11378620
whitebois are ahead in suicide rate and DUI's though

>>11379524
Actually mexicans got DUI and incestual rape handled

>>11375096
we don't really have to since your culture is off-putting to the majority of sane women

>>11379662
Don't forget beheadings and child abuse.

>>11379683
>black culture
>off-putting

>women
>sane
What the fuck are you on about?

>>11370229
Imagine getting to smell women's assholes for a living?

>>11371544
shoo shoo pajeet

>>11378642
Except everyone would see you edited it, you retard.

>>11380735
And that doesnt change the fact that someone with more knowledge could do it and hide their tracks. The point is that blockchain>>>>dumbass database

>>11370229
the moment i heard of it.
then i have read more on it and
still feel the same.
it's just an easier way to get money out of the npcs pocket.

>>11370229
When it went up for no reason

>>11371732
>collectivist ideology with quotes from a fictional ultra individualistic ideology
Is this meant to be like one of those joke deviantart images or is this real ?

>>11379683
>women
>sane