/biz/ - Business & Finance

>>11848177

< Mandatory /biz/ reading

God bless based Satoshi.

>>11848177

I suggest a gun OP. Quick and clean.

>>11848177
The ultimate slavery is almost here. I can taste the soul sucking. It will be the best.

>>11848222
Checked
Did this mad lad just compare himself to the Nazis?

THE FULL POWER OF BITCOIN WILL BE UNLEASHED!

>>11848207
hmmm

>>11848177
More like Satoshi’s nightmare. Am I right?

>>11848245
Can someone educate this lunatic in what bandwidth is lmao.

>3tb block
>network stops for a 4-week sync

>>11848282
Educate yourself on what technological development is.

>>11848300
development = as in progress

>>11848243

>>11848300
Remind me again when we can expect bandwidth to exceed "unlimited"

>>11848367
You won't need unlimited bandwidth in order to deal with unlimited block sizes.

>>11848381
Condolences to your parents. Raising a child with special needs must have been hard

>>11848340

https://www.youtube.com/watch?v=hLUGn3N7jBg

>>11848398
>he believes having no limit means the blocks will be infinite size

>>11848245
https://www.youtube.com/watch?v=RkEXGgdqMz8

>>11848420
>fill block with arbitrary amount of garbage tx
>network dies
Wow that sure was hard to expoit. If only the bitcoin whitepaper touched on this subject and introduced a limit to get around that

Winning the hash war. Sort of losing the battle on public opinion (biz likes sv better on average it seems like) but general public has no clue and most exchanges sided with wormhole shitcoin.

It’s likely because Craig is a giant douche, even if he has it right on this

>>11848399
Forgot about that one, thanks lad.

>>11848495
>biz likes sv better on average it seems like
Nigga what the FUCK is the point of spending 8 hours a day on here if you still cant tell the difference between paid shills and actual people. WHAT ARE YOU EVEN DOING SON

>Hashwar not going as planned, somebody help I'm being oppressed! That's extortion!

Holy fuck that thing tanked lmao

Get fucked

>>11848495
You are high as fuck holy shit

>>11848535
you should probably go back to r/btc fag

>>11848177

It does even catch up in proof of work. That looks bad for ABC cucks.

>>11848207
That was enlightening.

>>11848844
god damn it

i wish roger and satoshi was on the same team again. just make peace and use SV already, its literally the exact same crypto that you've been using the last 6 years Roger. you don't have to like the guy but his goals will help your goals

>>11848495

/biz/ hates both. Depending on which shill army is shitposting more it can look like one or the other. Inb4 corecuck, /biz/ tends to view BTC as obsolete shit as well (which it is).

>>11848207
I'm no fan of BCH at all, but this is true. How exchanges decided after just 48 hours which one will have the ticker?

>>11849725
And here we have the God's honest truth.

BTC and BCH are both shit but cashies are worse because they are caught up in this autistic belief that anyone is in a struggle to choose the future of digital currency between the two, when it will in fact be neither.

>>11848487
> abandon 50k+ block reward and 40k+ invested energy per block to push blocks everyone else will just ignore
Yeah nah fuck off shithead.

>>11848844
> not going as planned
> they fucking won and it's over.
k

>>11849590
> just surrender to our shitty extortion attempt and cede control to a pack of provably incompetent psychopaths.
How about no, you lost, get over it.
https://medium.com/@bill_mcgonigle/but-what-about-the-warlords-something-amazing-just-happened-on-bitcoin-cash-be4143fc8e55
Eat your humble pie and move on.

>>11849779
Because the ticker isn't something you "win" by having the most hashpower, which literally everyone fucking knew, and which only SV seems to be desperately wishing was otherwise despite the fact they fucking *LOST* and are now constantly spamming everywhere about how it wasn't fair and everybody else cheated.
Fuck yourself.

SVFTW.

Finally gonna get to see Bitcoin scale.
ABC says they want to scale Bitcoin too, but they just put fucking CHECKPOINTS on the blockchain.

The absolute state of transparent pajeet shilling
Don't even try to actually justify your position anymore just YES SIR SV IS WINNING SURE GREAT AWESOME BUY PLS in direct contradiction to easily observable material reality.
wew lad

>>11850156
It's not even about the metrics or the personalities anymore.

It's about Proof of Work vs Proof of Checkpoint
The choice has never been easier.

>>11850177
You're right, and ABC has both proof of work as well as proof of checkpoint, SV is "fighting" in the sense that they're burning money to broadcast hashpower everyone has loudly announced they do not give the slightest fuck about and have no intention of listening to.
If you fall for this shit you deserve to lose all your money, so by all means, go all in .

>>11850199
Putting checkpoints on a blockchain is the same thing as putting training wheels on a bike

>>11850235
You're wrong, you have no idea what you're talking about. https://twitter.com/gavinandresen/status/1065051381197869057?s=21
Even coretard wiulle knows better than that.
The checkpoints aren't there to cement consensus contrary to nakamoto consensus, they're there as an insurance policy to protect against deep re-orgs from well moneyed figures who have been loudly threatening to do them. Before the checkpoints were in their rank incompetence made it clear they failed, now that they're in it's not even theoretically possible for them to succeed. Yet they're still financing pajeet teams to spam all venues with "OMG THE DISHONESTY SIRS THEY DID NOT ALLOW THE SV TO WIN MY PAPADUM IS CRACKED". baka just neck yourself. You never had any damned idea what was going on here, and you sure as fuck don't now.

>>11850264
The checkpoints actually make it easier to attack the chain

>>11850264
Please leave, Roger.

>>11850289
Wrong Shill
For anyone actually interested in the truth
https://www.yours.org/content/all-about-checkpoints-67bc9977b9dc

>>11850297
> muh roger
lol svcucks.

>>11850303
Reading.

>>11850310
There is no need for foul words, ABC Defender. We get it, you realized ABC is fucked. Now go back to Plebbit. Please and thank you.

>>11850323
> actually even talks like a pajeet
is this b8 m8?

>>11848177
Are you people fucking serious? Is the whole board larping like they give a shit which side will "win" or are you unironicaly taking sides? I mean i tought this was like a cripple fight and we were ment to just watch and enjoy...

>>11850346
as retarded as SV are, they are still unironically better than you.

>>11850325
>glows itt

>>11848243
>Nazi-Coin (NSDAP)

>>11850372
> waaah the government is out to get me
this is surely b8

>>11850303
>yours
Yeah, nah

>>11850303
That article doesn't talk about the negatives of checkpointing at every 10 blocks.
It just says that checkpointing can be helpeful for syncing and preventing deep reorgs

>>11850310

lol found the ABC cuck. Go suck Rogers dick faggot.

>>11848177
I had a dense one, does anybody else has that THICC satoshi vision right now??

>>11850384
> Why don't we checkpoint more frequently then?
The downside to checkpointing is introduces a non-zero risk of consensus failure.
You're an idiot.

>>11850404
One tiny line for the whole counter-point to his idea.
Without expanding on the 'non-zero risk' his article is junk.

>>11850379
The gov will come after abcucks for cp possession on their bullshit rented hash chain

>>11850418
baka that section is three paragraphs long you adhd afflicted mutt, fuck off.

>>11850430
Bitcoin s'oyvirgins indeed.

>>11850083
bitcoin ABC won't win the long game.

i get why Roger picked that side but the time for a close crypto community where people hold hands and just get a long in wait for economic freedom is over.

feeding some chickens with BCH was something you could get excited over 5 years ago but those days are over. the ABC side is moving way, way too slow and if SV isn't successful in bringing the big companies on board bitcoin's days are numbered

BCH with both craig and roger was unbeatable. craig for bringing the capitalist reality people on-board, roger for bringing the socialist kumbaya people on-board. it was perfect.

>>11850509
capitalist reality
hahahahahhahaha, oh, fuck.
you SV shills are fucking hilarious, portraying your fraudulent con artist fuckhead with delusions of adequacy as a "capitalist reality" person whilst portraying the most well known and prolific anarchocapitalist in the space as fucking "socialist kumbaya"
You have --no idea-- what the fuck is going on and you're utterly fucked. Get out now while there's still an out to get, you're going to get crushed.

>>11850489
kek
his example has checkpoints once a week
not every 10 blocks
ABC does checkpoints every 10 blocks

>>11850509
roger + craig
true
they gotta team back up

>>11850523
>he thinks he's a convincing shill when his posts are this coherent and this long
kek
CASH
err,
SVASH

>>11850528
> all that stuff about checkpoints is right, but this doesn't say anything about ten block reorg protection checkpoints, therefore it's wrong
you're a sad, sad little man pajeet.

>>11850548
Why not put a checkpoint after every block?

>>11850523
You think I'm a shill or that I care about the opinions of low information fuckheads. You're wrong, my content is only for those with the intelligence to digest it. The rest can go broke and go back to cleaning latrine pits as their adhd addled brains are fit.

>>11850509
stop spamming bittburger

>>11850559
explained in the linked article, that you don't understand it isn't my problem, fuck off.

>>11850523
time is running out for bitcoin. if transaction volume doesn't skyrocket very soon the project is doomed. something from traditional banking will out-compete it.

transaction volume will not skyrocket without the really big companies and they won't start using a chain that is breaking patent laws. craig have been collecting patents related to crypto since 2010 using EITC Holdings, NChain Holdings, NCIP Holdings, and NTrust. people can complain all they want about this but that's why i call the SV side the reality side. bitcoin needs to be 100% legal or it will never 1000x.

>>11850568
kek

>>11850570
based.
the time for feeding pet gerbils using shoddy webpages is over
honestly alpaca socks were a better use for the blockchain than this

it is time for bitcoin to become an industry
or die trying

>>11850570
Patents have zero impact on an international jurisdictionless blockchain. Patent trolling is of zero consequence, and it's the only play fauxtoshi actually has.
BCH will succeed on volume by merit, or not at all, and it won't depend on the dick waving of a halfwit blowhard.

>>11850595
a company like amazon isnt going to touch the blockchain unless all the gay paperwork is in order and their lawyers feel good about it

no business is putting millions of dollars worth of txs on a blockchain run by ancaps
bad for their image.

https://blog.bitmex.com/bitcoin-cash-abcs-rolling-10-block-checkpoints/

based bitmex in da house

>>11850570
This is idiotic.
If the state can stop crypto, it's useless, it's that simple. Crypto wasn't designed around the assumption the state would never attempt to attack it, it was designed so that all those attacks would fail.
All patent law even theoretically gives the state is a paper thin case to attack crypto, it could have had that in several thousand ways, historically if the state wanted to attack a currency it just passed an executive order confiscating it. There's no forcing the state to not act like a gang of thieves writ large and crypto is not contingent on the assumption that there is.
The idea is to take away their power completely, not play nice with them.
They will be destroyed. No "Socialist kumbaya" bullshit.

>>11850609
What state vassals do is of zero consequence, especially when their wealth is being corroded by people who simply act according to rational economic incentives and use currency immune to the tampering of the state. If amazon or whatever other minor sub org of the state doesn't want to touch crypto, that's on them and that's their problem. Those who do will benefit from sound money, and all that implies.

>>11850595
>>11850622
This is why i liked Roger and Craig being on the same team. They brought both the dreamers and realists under the same roof.

>>11850622
>muh the state
An anti-state Bitcoin is an open declaration of war

>>11850630
checkpoints every 10 blocks isnt sound money

>>11850616
Bitmex is incompetent, they still have an article up based on the assumption that the BCH and BTC DAA are exactly the same. They simply have no clue what they're talking about and add no new information to any mix, you can tell what they will say at any time simply by asking yourself what the core devs would say.

>>11850636
yeah.. its not the same when they are split

>>11850639
BitMEXICOOOOOOOOOOOOOOOONNNECTttTTTTT

>>11850637
The state is an open declaration of war and always has been, your ignorance of that fact and the rest of society being similarly stupid regarding it doesn't change the objective reality of it. Immunity to state tampering is simply something crypto gives to those who are willing to take it.

>>11850637
Sound money doesn't warp the global ledger every hundred minutes. You are technically incompetent and do not understand what checkpoints actually do nor the tradeoffs involved, you are adhd afflicted and either too stupid or low effort to actually fix your deluded interpretation of the situation, so what you think on the issue is of zero consequence.

>>11850648
>>11850648
>posting the work of a vegan hippy marxist
anon please.
the current state is garbage
we simply build a better more faschionable one.

>>11850648
>The state is an open declaration of war
against something that already is waging war against the entity organizing itself.

>>11850656
Bitcoin has worked just fine without checkpoints for 10 years

>>11850664
> you're wrong because I don't like the guy making your point.
Well, that's super convincing. It's not like there's an entire multi decade long school of thought on the subject or anything, which has never been suitably refuted at all, and the only criticisms of which always boil down to "Yeah but the state would never let it happen".
That's why we don't give them a fucking choice.
That is what crypto is for.

>>11849725
/Thread

>>11850358
Your shitcoin is worth 5% of a bitcoin!
Get it?
F
I
V
E

P
E
R
C
E
N
T

>>11850671
.. There's checkpoints even in BTC, if you read the fucking article you adhd afflicted mutt, you'd be aware of that.

>>11850677
Your shitcoin is worth less than 1% of the total monetary supply of the planet.
Get it? Nobody gives a fuck about it, it is inconsequential, dysfunctional, and packed with rabid cultist fuckwits like you who have no fucking idea what is actually going on and are going to be wiped out by their idiocy and cult like behaviour. You are an idiot, and this is a problem which always solves itself on a long enough timeline.

>>11850674
crypto is anti central bank not anti government

>>11850679
they are rare

>>11850702
>crypto
bitcoin rather

some are more politically leaning

>>11850702
> crypto is anti central bank not anti government
That you think they're different is why you are an idiot.
> they are rare
> x breaks y
> no it doesn't, because z has x and isn't broken.
> yeah but z has not so many x.
You are an idiot. Once again, all you're doing is demonstrating you have no idea what you're talking about, right now on twitter Peter Wiulle is saying checkpointed protects against deep re-orgs are not what you say they are, and the very simple fact of the matter is no matter who says or thinks what, an immutable ledger that might change state going back for the past hundred minutes, isn't a fucking immutable ledger.

>>11850724
>Peter Wiulle
got a link to the thread?

>>11850768
https://twitter.com/pwuille/status/1065049868769476610

>>11850664
All states trend towards tyranny. The only solution is complete destruction.

>>11850693
>Your shitcoin is worth less than 1% of the total monetary supply
Yep and yours is 5% of that 1%

>>11850779
this guy makes a good point. ABC's auto 10 block checkpoints replaces the threat of a deep re-org with the threat of additional forks.

>>11850841
And functional at 5% of that 1% beats not functional at that 1%. BTC is going to die because it is run by economic incompetents who have no idea what the fuck they're doing. And we are ensuring that BCH does not fall victim to their attacks.
I'm done talking to you, corecucks are fucking boring. neck yourself.

>>11850844
Correct, that is the tradeoff. And in the entire history of BCH there have only been a couple of 10 block reorgs, all of which required manual intervention, vs we know for a fact up to 5.4 exahash is presently attempting to sabotage the legitimate BCH chain. It is not a difficult tradeoff to make considering the circumstances. It completely nullifies any chance of the hostile actor actually causing any damage, and only at the cost of manual intervention to resolve a problem which already would have required manual intervention to resolve.
Nothing is cost free. Everything is a tradeoff. But this is a sensible tradeoff in this particular tactical situation.

>>11850779
Interesting and lines up with what bitmex research found.

>>11850861
>actually causing any damage
we will see
chain damage? Ok
economic damage? different story.

>>11850876
Bitmex fucked up in that they don't account for the penalty on deeper reorgs, like they fucked up on their previous article regarding BCH and BTC DAA's being the same. Once again, they are uselessly incompetent.
> economic damage? different story.
They made an attack, it was a miserable failure, it actually served to prove BCH's security model even in the presence of a well financed irrational attacker prepared to act outside the economic assumptions of nakamoto consensus. They literally just gave BCH a free penetration test from someone willing to burn hundreds of thousands of dollars on it. This makes BCH more valuable for pulling through.

>>11850895
alright, i'll keep that in mind and do some deep research tomorrow
it seems pretty clear to me that this checkpoint issue is make or break.

I actually like how they made the change without having a big debate beforehand.
it seems that now ABC and SV can fuck off into their own corners and get shit done (for better or worse)
i'll look into everything when i wake up

plus google captcha keeps giving me the slow fades
had enough.

>>11850853
>And functional at 5% of that 1% beats not functional at that 1%
No it doesnt, if i have 1 btc it means i have 4500$, if you have 1 bch you have 230$. How is that more functional?
Were all here to get ritch...dont tell me you unironically believe people want to use any of this shit for buying stuff?

>>11850942
> A) I have a coal power factory of output x the day before a >90% tax on all energy generation by carbon emitting sources is enacted, its present market worth is 140mil
> B) I have a solar thermal plant of output x the same day, its worth is 70mil
B is flatly more valuable than A, the parallels to BTC and BCH are obvous. If you cannot grasp this, you are as stupid as he thinks you are.

>>11850083
Jesus what a cuck

>>11848207
This post was too long so I'm not going to read it.
I'll just stay away from Bcash and keep buying chainlink tokens

>>11848207
Who the fuck cares about these worthless forks. You should all kys.

>>11851651
see >>11850358 for instructions boomer turbonigger fagget.

>>11848282
For 3TB blocks to be full that would require users to be sending 21,000,000tx per second, think before you post brainlet

>>11848495
>biz likes sv better on average it seems like
just the few loudest most spastic cunts

>>11849725
/thread

>>11848487
No such thing as a garbage tx, a tx with a fee is a tx, ironically the only way that would be a problem is with an arbitrary block size cap you core cuck

>>11850853
Just shut up already and be happy that we finally have secure money with a fixed suppy instead of the inflation fiat shit

>>11852095
Just curious, are you unironically stupid enough to think that's what BTC is?

>>11849725
I have never /threaded this hard since the glorious burn in /h/ iirc.
>How can anyone fap to vintage hentai? , they are literally guys with tits
>So are you, anon

>>11852583
Now that's a fucking /threaDEAD right there

>>11852348
I'm a sotware dev for 15yrs, literally build software for cars, videogames and finance. Look at this pic it's Daniel Ƀ the guy who's leading decentralized identity @ Microsoft.
The Bitcoin Core devs are TOP devs who knows exactly what they are talking about.

Based on your post I'm assuming that you are unable to comprehend common sense and therefore I won't explain anything because it would just waste my time, instead I will just call you a shitting basement useless pissface dweller troll.

>>11852702
forgot pic

>>11852702
I'm going to take that as "yes, i do think that". Thanks for the input, I thought you were a fool and you just confirmed it. But it will be funny to watch you wtf when the core devs and exchanges acting in concert on liquid / bakkt / lightning regardless of what the fuck the network of nodes or hashpower has to say about it completely destroys any illusions you have about the issue if it ever actually comes to pass they want something that you don't.
> muh crednentialism
I've got ten years on you whippersnapper. and if I saw you push that shit in an interview, you would get circular filed immediately.

>>11848177
How bout just buying the real bitcoin dumbass?

>>11852855

>pump my bags plz

>>11852855
>>11850358
>getfucked

>>11852823
lol you have to be trolling nobody is this ignorant and stupid

>>11852888
Im all in LINK, faggot. But youre retarded to buy any of these forks opposed to the real bitcoin.

>>11852911
Since you're not aware of it, and a great many others match your idiocy, that's clearly not true.

>>11852702
Nobody cares what software coders think, they have no skin in the game

>>11853061
> implying devs can't also be stakeholders
I am a dev, a stakeholder, and a miner.
Nobody cares what --you-- think, idiot.

>>11849725
/thread

>>11853074

>>11850264
checkpoints aren't bad, but limiting reorg to 10 blocks is dangerous.
Craig has probably enough hash to successfully split the bch network.

>>11848535
Kek. Imagine being this butthurt.

>>11853108
Are you unironically so stupid you don't know that's a pro bitcoin cash anti-core meme? or did you honestly miss that I'm pro BCH?

>>11853197
BTC: Reddit high council of neckbeard devs decide major changes

ABC: Reddit high council of shills and exchange operators enforce social consensus

SV: Miners with actual skin in the game upgrade the network and protect it from unnecessary changes

>>11853336
Wrong
BTC: Retarded devs, but equally retarded market. Futures market sets where the hashpower will go because miners are profit seeking, and the market has chosen BTC, as idiotic as that position is.
BCH: Intelligent devs. Futures market broadly sets where hashpower will go, but opposition willing to mine at a loss to force a suboptimal route, so enough hash is also marshalled to nullify their idiotic shitcockery
SV: idiotic shitcockery that can't even fucking maintain itself backed up by a blowhard with delusions of adequacy and a whole bunch of legal threats.
There', fixed it for you.

>>11850093

Craig is a well reputed IT security auditor. How isn't his opinions taken while having this in mind?
He knows his shit.

>>11853456
Well reputed IT security auditors don't make promises on security attacks they can carry out that they can't back up. They have other things in their arsenal than endless bluffs and incompetence. I get you nChain shills have been briefed to defend him, but it's not going to fly, he's beyond fucking incompetent.

>>11850199
>accusing the other side of what you yourself are guilty of
A sign of psychopathy.

>>11853487
>can't back up
Nobody knows that. The fact that he conducts himself in this manner doesn't erase his reputation in the job he performed, which is relevant.

As far as issues stemming from increasing complexity in IT systems, I'd much more listen to Craig than to overzealous Developers who seem to want to cram every single neat idea they have willy nilly.