/biz/ - Business & Finance

>>11503073
Hello, my name is Roger Ver and I am here to tell you about my favorite blockchain project called BCASH BCASH BCASH BTRASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH

>>11503090

Dear /biz. When you read this thread. Consider how the two sides interact with you. Which side appreciates and supports your intellect? Which side supports you doing your own research, and thinking about economic fundamentals? Which side talks out of the ass and throws around insults?

I hope these questions help you see beyond the veil.

Let's start with a little red pill, shall we?

https://youtu.be/UYHFrf5ci_g

This message is to the genuine believers of Bitcoin. Those who believe in individual sovereignty, sound money, and free trade.

If you still believe BTC is the Bitcoin you wanted, I suggest you watch the video.

Let's try and read a little history. See for yourself if I am a raging idiot conspiracy nut or an autistic savant who saw through the psyop.

This timeline of events is helpful.
http://ohmysatoshi.com/timeline

Key insight on why the LN is a hijack of the network.

>Satoshi on Scaling

Satoshi tells Mike Hearn "The existing visa network processes about 15 million Internet purchases a day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling... By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even If Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions."

Satoshi also mentions that "The fee the market would settle on should be minimal".

Let's debunk some arguments.

>Big Blocks cannot scale.
https://medium.com/@thecryptoconomy/7-misunderstandings-of-bitcoins-scaling-problem-c5142e938a68


1 • What size block solves high fees?
core says
>A 10MB blocksize today would barely graze the real scaling problem, but in 3 short years would have us securing a blockchain nearly 2TB in size and growing at a far faster rate.

Don't worry. Bitcoin Cash is going for unlimited blocksize and storage is super cheap (especially for enterprising miners).

>>11503372

2 • Is there any way to safely get 1000x capacity?
core says
>If we can get 1000x the capacity right now ..., without any consensus breaking blocksize increase, then there is hope that a decentralized currency AND payment system is possible on a single... chain.

Essentially the argument here is that hard forks are "consensus breaking" and that they are not "safe".

Bitcoin Cash (and Satoshi) disagrees.
>pic related

>>11503372
3 • Are Lightning/Sidechains just another trade off?

Pretty much. Watch and consider >>11503192

4 • Is the Bitcoin blockchain really a better payment network?

Yes. Until Core destroyed its utility. Pic related.

5 • Bitcoin’s resilience is dependent upon the distribution of validators.

This is the best and most important argument for small blockers.

They believe that having a decentralized mining distribution helps protect the network.

This is wrong for two reasons.

Reason 1 (less important) is this. ASICs are unavoidable because technology and how POW operates. Mining is a capital intensive operation. This is desirable for security reasons. This means that mining will ALWAYS trend towards centralization.

>pic related
>btc vs bch hashpower distribution.

>>11503073
god I hate SEA monkeys

>>11503372

Reason 2. Non-mining nodes do nothing to secure the network. They can "invalidate" incoming transactions, but because they are not mining, their invalidation means nothing to mining nodes.

In practice, especially as Bitcoin is young and the community small, it's possible for miners to choose what is "democratically" chosen over what makes sense "economically",

The core concept of UASF was NOT that non-mining nodes "saved" the network, but that enough users "voted" the miners to accept the core version of "consensus."

These methods go against the economic incentives of Bitcoin (miners choose to mine the most profitable chain) and is not a sustainable solution.

>>11503073
how much BCH for the monkey?

>>11503372
6 • Is large block latency and resource cost really negligible?

Yes, for institutional miners. As we saw in points 1,2, 5, and pic related. We don't need non-mining nodes. We need massively capital intensive miners running server farms to provide massive security to global sound money.
7 • How will scaling affect Bitcoin privacy?
>core thinks LN is better for privacy then BCH.
>pic related

Read the whole infographic, but simply put is this:

>LN channels are money transmitters and will be subject to KYC/AML procedures.

This is not the case for on-chain transactions.

>>11503614
>>11503528
>>11503090

Fuck you if you hate money.
Fuck you if you hate people.

I have no time to convince you if you don't understand.

Wtf I thought Bcash was a scam

Is all this true biz have I been lied to

>>11503073
Who is that? Thai Dan Bilzerian?

>>11504360
It still is a scam which feeds the pockets of Jihan Wu, who literally invented it because core circumvented his haxx

>>11504508
>Jihan invented Bitcoin cash
>unironically being this much of a fool

I hope you are paid well for your ignorance anon.

>>11503110
Checked.

>>11503110
Price still sucks though ... :/ best advertising is the ticker, sadly. But also for real. Losses have hurt many. Including those who have locked and found the truth.

>>11503655

Roll

>>11505220
>>11505220
rollindo

>>11505262
Good. Would fill her with my seed

>>11505220
rolling for 8

>>11505270
oof

>>11505220
one more time for 8

>>11505326
Only jungle pussy for you

wat a qt

more qts

still a qt

>>11505220
rollolol

the kind of tonedeaf advertising bcash does makes it look like one of those hundreds of scam icos that came out last year. what are they thinking?

>>11505841
It's just me, one Autistic Bitcoin Casher.

It's my thread, I am OP.

So fuck off and sage if you h8 m8

>implying i am marketing.

>>11505867
im not talking about bagholders, its the terrible real world advertising they're trying to do.

>>11505220

LMFAO

>>11505910
u fucking pedo.

>>11505903
what is the terrible advertising?
tshirts?
meetups?
commerce?

>>11503090
>1 post by this id
every time
>>11505680
>>11505711
>>11505729
>>11505738
whoops, wrong proxy aye?

>>11505946
I don't hide myself. I always have my name up there. I just had to reset my router you fucking cuck.

Why do I see alot of poor Filipinos wearing BCH tshirts?

>>11505964
sure, that's why you magically are back to your original id 3 minutes later right...
whats it like working for bitcoin.com?
do they pay you in bch at least?

>>11505997
>>11505997
I forgot you prefer men anon. here's a pic for you.

>>11506010
I used my cell hotspot while waiting for my router. It's not magic anon. (you fucking idiot)

>>11506026
you posted this >>11505326
then posted 30 minutes later you posted 4 pics on this id >>11505680
then 3 minutes later you're back to your original id because you reset your router and switched back from your phone hotspot.
that makes no sense you fucking retard shill.

>>11506064

Notice how I am always Autistic Bitcoin Casher.

You are an idiot and do not matter.

Think about pic related.

>>11506080
like its fucking hard to remember take the namefaggot shit off when you're samefagging.
its a little harder to remember the proxy though, which is where your dumb ass fucked up twice now

Bcash is so fucking tragic.
Almost as tragic as it's shills.

>>11506080
IMMO?

>>11506093
what a bunch of fucking idiots.

If you have two brain cells to rub together go read
>>11503287
>>11503372
>>11503444
>>11503460
>>11503510
>>11503647
>>11503110
>>11503192

>>11506026
I AM NOT A FAGGOT U CUNT

>>11503073
So Roger Ver's latest "advertising campaign" consists of going to various jungles and giving ugly gooks free shirts?

>>11506101
you must be the dumbest shill to ever come to this board.
you can still be an hero though.
you should look into it.

>pay jungle tribe females who don't even own computers or have internet access to wear tshirt
>good marketing

What the fuck?

>>11506164
>>11506163
>>11506151


Hello /biz/men with a brain.
look at these idiots.

They literally cannot refute a single point.

Instead, what do they focus on?
>monkeys
>roger ver
>jungle
>jihan
>bcash

These are the mewling of useful idiots who do not understand anything.

Remember, Bitcoin is Cash.

It was ALWAYS meant to be P2P electronic cash.

Bitcoin is Bitcoin CASH.

>>11503073
At 1 GB blocks bitcon can handle 605 Million transactions a day, with 7.7 Billion people alive today this means every person can make only 1 transaction every 12.72 days - and we have already seen that BCH shits itself at blocks bigger than 16MB.

At 1GB the chain grows ~38000GB / year. It would be impossible to run and sync your onlineshops node on that.

It's literally that easy to see that it doesn't work and it only takes 2 minutes to calculate.

It's brainlets like op falling for the bch scam. Don't fall fot it.

>>11506205

Hi there anon! Thanks for an actually thought out reply. Allow me to respond.

>we have already seen that BCH shits itself at blocks bigger than 16MB.

This is actually a great reason to remove the limit. The blocksize limits actually stagnate miner competition. That is the only reason why there are still big mining pools that cannot handle large blocks. They will be swiftly pushed out by competition.

You can buy 1TB SSDs for less than $150 TODAY. Please consider >>11503372

If we recognize that SPVs are totally safe and that non-mining full nodes are useless, why would enterprise miners not be able to afford 50TB storage space in say, two years from now?

>>11506199
>>11506298
>It would be impossible to run and sync your onlineshops node on that.
what did he even say about hard drive size?
also
>"Businesses that receive frequent payments will probably still want to
run their own nodes for more independent security and quicker verification."
ring any bells?

>>11506298
I like that you're taking some effort trying to wrap your head around this but you miss big chunk of technical understanding about global data transmission rates, node sync time, ram usage of the software etc. and I'm honestly not willing to roll out a cs degree for you here.

Not understanding all of this is ok - I have btfo profs at my uni trying to explain to me how things work - it happens - people make mistakes.

Just buy bch, get rekt, and learn the hard way. It's sad but some people are simply unable to comprehend.

>>11503110
fuck off, here's why:
>you faggots are just shillers
when facts are brought forth and crush you dumbfucks you just let the thread die. there is no learning, there is no progress to be made. you paid shillers just start a new shill thread and copy-paste the same reddit blather along with more pics of reddit memes and chicks wearing tshirts and Ver and Wright. this is what paid shilling looks like. KYS please

>>11503073
Where can I buy small amount of bitcoin with a prepaid debit card at? Small like .001BTC. I tried a few already but they don't accept prepaid or don't do business in US.

>>11506414
https://www.youtube.com/watch?v=Ea5sdj8yDIs

This is my answer for "why Bitcoin can scale." Check it out! I think expecting global sound money to operate on Raspberry pis is irresponsible.

I think eventually a Bitcoin insurance industry will collect a small annual fee for insuring double spends and orphan issues. It's easier than insuring credit card fraud because data is transparent.

>>11506534
I actually like you, because I think at least you believe in global money. Best of luck, I admit that I may be mistaken.

>>11506825
You are an idiot. I can't prove to you I am not a paid shiller, but if you can look at what I, or any other bcasher is doing objectively... it's clear we are at the very least mass deluded.

No marketing budget can support this much autism.

>>11506838
try being an earner at purse.io. You can buy amazon gift cards with prepaid and buy bitcoin with amazon gift cards.

Why not try Bitcoin Cash? IMO it just works better.

>>11507102
I downloaded this pic because it disagrees with my thesis. (That BTC cannot scale).

Like >>11506534 says....
Maybe I need to "just buy bch, get rekt, and learn the hard way."

Or maybe corecucks need to buy btc, get rekt, and learn the hard way. It's sad but some people are simply unable to comprehend.

>>11505220

Would impregnate 5 and 6 and leave the country.

>>11506612

>>11507102
>Why not try Bitcoin Cash? IMO it just works better.
My ultimate goal is other currencies, not btc or bcc. Purse.io sounds like a scam.

>>11507132

based and redpilled

>>11507252
I have used it multiple times, there are many others who have used it. It's a real company incorporated in San Francisco. https://purse.io/about

>>11507270
Let me rephrase: It's a fucking stupid idea. What makes you think I shop online for shit anyways? Forget me asking, you autistic motherfuck. Fuck you and fuck bitcoinn cASSh

>>11507294
go boil your head and get fucked

>>11507308
Sounds like the type of insult a gook would use.

>>11507370
no u

>>11507370
check this out https://www.cardcoins.co/

also get fuckt

>>11507400
>check this out
How about not?
Fuck you and your gook coin, I'm out!

>>11507407
get fucked then

>>11504360
this is all true. Bitcoin core is the scam.

>>11505165
what a gross druggie whore

Bitcoin Cash is available for people who can not afford high fees.

Pic related. It's Venezuela.

>>11506534
you are not correct. with 5G, FIber and soon even faster transfer this is all not an issue.

running a global money system on our current network doesn't work, indeed, but do you really think that we wont start making better networks? you really can't see this happening?

I'll tell you this.

The real added value that Bitcoin and Pow mining "sound" internet money willl bring is technologic advancement you have never seen.

Once Bitcoin ( BCH ) reaches 50k every country will start specialized datacenters and research centers to develop the best chips and best tech to mine and keep up this ever growing hashrate. Proof of stake networks will not bring this advancement. Hence the countries that have the mining operations will do the new discoveries and will be the big powers of the future.

You r really really small and narrow minded bro.
I guess that's how you like it, small, small blocks small mind.

i doubt you are smarter than your compsci teacher.

Reality is (that Bitcoin is) BCH

>>11506205
1gb is just the max size of the block and just like Visa/Mastercard BCH would have high and low periods of usage resulting in variable block sizes;
bch network shit the bed @16mb blocks mostly because of block propagation latency

>>11507580

>bch network shit the bed @ 16 mb blocks
>citation needed

What's actually true is that some miners are just much better at mining bigger blocks then others.
>pic related

p2p electronic cash for the entire world is the killer application of Bitcoin.

It kills poverty and releases creativity.

Bitcoin is Cash.

>>11508438
BTC isn't growing in adoption. BCH is.

Moon soon.

>>11506101
Good possibility that I invented BCH PLS meme.

>>11505220
Ooga booga

>>11508577
I mean it kind of invents itself...

>>11507427

you are gross