/biz/ - Business & Finance

>>11814232
because its a piece of shit

It's not being used as a currency. Nobody uses it.

>>11814232
It goes down more because you don't shill it here enough

Is it true it's not used on dnms any more?

>>11814291
Only on the honeypots runned covertly by the feds

>>11814232
It doesnt have a proper wallet....its not easy for normies to hodl. Its a mess as far as that.

>>11814232
It isn't in use and mimblewimbles coins will provide competition for it

On the other hand btx is being used as a store of value and no other coin can compete with it in thst regard

>>11814232
Product quality doesn't matter. Ease of access & popularity is king.

>>11814232

Bot trading. It has more organic use than anything else, sadly market price has very little to do with underlying value.

>>11814370
this right here. And at the moment, it's very inaccessible for normies.

>>11814450
What would happen if theoretically all trading bots were holocausted?

Because it's outdated technology

>>11814232
>and actually used as a currency keeps losing value compared to a static BTC?

Because ponzi scams move prices more rapidly than organic growth from real use cases.

>>11814232
There are no market makers for this. You think XRPs massive pump right now is because of normies hahahahaha? I bet theres a few smelly jews behind todays event, wait until they flip the off-switch

>>11814232
Because ricky is a scammer looking to cut into junipers market share by making his scam coin fork every six months so he can fund his own ground up asic manufacturing operation.

The time to manufacture is basically nothing when you're not standing in line.

Only literally nobody is thinking he can pull it off, actually the idea is pretty laughable.

So she tanks.

>>11814322
Try monerujo

>>11814232
asic resistance is a meme that often doesn't account for the fact that a group of miners could break a coin's asic resistance and hold a ridiculous amount of (fake, but real to the network) hashing power that gives them an enormous advantage over 99% of miners, which is the exact outcome that implementing asic resistance is supposed to prevent in the first place
it's like relying on government to prevent monopolies from forming

that said, i like monero (from what i've seen of it)

>>11814232
because you have shit like mimblewimble and dero coming out. privacy tech has not reached its peak yet, so new shit will replace monero.

>>11814308
What are they using these days?

because developers, users, companies all want to use bitcoin, and want to make bitcoin work, through changes in the law, developing the bitcoin protocol, or developing around it, through exchanges, or second/side layers.

monero while special in that its one of the very few alts that matter, has none of that, the community is microscopic in comparison, and the development community around it is just as small. then there are the people that see the way things are going, and realize that second layers being the primary and for some only way of moving btc around strips monero of it's only key benefit to bitcoin.

in other words, bitcoin "maximalism" isn't a cult, its simply the perspective of anyone that isn't just blindly speculating on alts.

monero probably has the most trustworthy shadycoin characteristics but to get full use out of it I have to download the entire chain?
on top of that it's complexity adds more data per tx than normal chains and I don't think it can scale
the GPU miners are a cool niche but not sustainable
I like the coin it's my 2nd favorite behind bitcoin but I don't think it has that ability to be widely adopted

>>11814904
>to get full use out of it I have to download the entire chain?
Just juse monerujo over tor. It is not that hard.

>>11814830
>in other words, bitcoin "maximalism" isn't a cult, its simply the perspective of anyone that isn't just blindly speculating on alts.

HAHAHAHA!!
Dude its a fucking cult. Its driven by low IQ pajeets and chinese scam artists. Bitcoin itself is highly overvalued right now in that its core technology has not aged very well in a market where something like XRP/XLM/EOS can dominate. All of these examples are node based, trustless enough to be effective and can scale to world wide use.

>>11814251
That's where your wrong, bucko.

>>11815049
sure there are plenty of late adopters that don't understand why bitcoin is important and jump on the bandwagon, those are the idiots you see with 5 figure "portfolios" hoping bitcoin is going to make them a millionaire. we're not talking about those people.

>in a market where something like XRP/XLM/EOS can dominate
you clearly don't understand this market then, if you actually believe any of those centralized tokens could ever become a dominant form of value, or developer interest in this space.

>>11814805
MSR is up next

>>11814540
>Dero, a privacy coin that is a security
kek

xmr only purpose is to clean btc from exchanges

>>11815094
>we're not talking about those people.

Anon, if you are posting on this board right now...

> you clearly don't understand this market then

I hate to inform you that, your money is probably gone forever.

> if you actually believe any of those centralized tokens could ever become a dominant form of value

What will happen is, coins with actual use cases will continue to flood the market and make it very hard for the volatility we experienced in the past to continue. You wont be able to incite the fomo that caused the bull run of 2017 when you have 10 coins in the top 20 that scale, have killer dapps and have good enough decentrality to get the job done. Its the pin prick that ultimately will deflate the market.

You will have games and social media in the next gen. You will have 3 second transactions in the next gen. You will have stable coins in the next gen. Normies will look at Bitcoin like the model T compared to a 2020 Lambo.

You are fucking done. Your money is fucking GONE. Its never coming back.

>>11815217
>your money is gone
im sitting on eight figures at these prices, i think my money is just fine. again, not everybody was some worthless late adopter.

dont confuse speculative shitcoins as ever having any value, even if the tech does. bitcoin is never going anywhere, to think that its going to be replaced by some failed project like eos, or a pointless centralized network like stellar, or even a centralized token like xrp, which only has a currently failing company like ripple behind it, is just embarrassing.

>>11815248
>im sitting on eight figures at these prices, i think my money is just fine. again, not everybody was some worthless late adopter.

Your money is still gone, you know that right? You might be sitting on a decent stack but nothing is going to change the fact that use case coins are going to make it far harder to sell Bitcoin to most people.

> dont confuse speculative shitcoins as ever having any value

You are just going to haveto chill out. Take a deep breath. Maybe go outside. Take a shit.

Look into my fucking eyes, if XRP is the number 2 coin, bitcoin is fucked long term. You will never fucking see the same fomo for a POW shitcoin like BTC ever again. You rode the roller coaster and its over, if you didn't sell the top then that is that.

> to think that its going to be replaced by some failed project like eos

If you think EOS is a failed project then this thread is going to be hilarious to come back to in a year. The only problem is, use cases don't make coins go up in value that much. FOMO is the only thing that can make prices shoot up.

When you have 10 coins with like 20 major dapps that normies begin using, the market will NOT EVER GO BACK to your rose colored fucking past.. Nobody will ever FOMO into bitcoin EVER AGAIN.

>>11815248
Bitcoin has some mie flaws, which monero solves. Not only privacy, but also flexible block size and tail emission. 2nd layer is a nice buzzword.

>>11815324
You need to get some self-awareness, you sound far more emotional than he does.

>>11815407
>2nd layer is a nice buzzword.

Unlike Bitcoin, Monero has a reason to exist at least in theory. But its use case is that you can use it to hide past transactions. There is no reason to really buy and hold the coin outside of that.

>>11815454
>You need to get some self-awareness, you sound far more emotional than he does.

Is this an argument? Because its not a fucking argument. KYS

>>11815470
Of course its not an argument, I'm belittling you not arguing with you you autist.

>>11815510
HAHA
You cant belittle me if I am right pajeet.

>>11815324
Did you know that an eos node can attack the network without the other nodes even knowing? There is no way to check if they have customised the client

>>11815551
I'm still right though. You must be PISSED haha
Oh by the way Bitcoin is probably legit going to 3k faggot. That 800k you humble bragged about is going lower.

And yeah I know you are probably not the other guy but my gut says otherwise.

If Bitcoin has people like this who VPN and act like they multiple people its even more sad honestly... I notice a lot more desperation these days during argument like this too. We may seriously be dealing with FEAR right now...

>>11815602
>>11815653
EOS is focked mate lol

>>11815602
>thinking 8 figures means 800k
Wew lad lmao

>>11814232
Because fundamentals have absolutely nothing to do with price action. Everything in a speculative market is hype and that's it. Fundamentals don't matter in bubbles caused by hype.

This is the same reason that shitty penny stocks on the verge of bankruptcy are able to pump 10x in a single day. Nothing to do with the underlying tech. Don't buy coins that "have good underlying tech" because that doesn't mean their price will go up.

The only thing you need for price to go up is people buying. That's it.

>>11814251
>Never used
>Actually used more than bitcoin due to privacy features

Nice try bucko

>>11814232

You don’t need to hold it, you just buy it when needed. It doesn’t need to appreciate in value to still work 100% at its job.

>>11814805
You should go look and not take some random shills advice on /biz/. Otherwise you’ll probably end up with a bag of chainlink

>>11815470
To shield networth my dude. How many resources I have at my fingertips shouldn't be public knowledge. If shit goes down and I've got monero, the courts or crazy ex wives can't see how much I own to force me to fork it over.

>>11814232
Because believe it or not the general population does not have a need for a coin that specializes in drug trafficking and CP distribution