/biz/ - Business & Finance

>>11883932
It's a vehicle for CSW to live out a LARP

>BTC is no decentralized due to miners
>does it prevent the mining cartels from ever taking it over or what?

Read the whitepaper

>>11883998

Cliff notes. I will.
I dont have any of the backstory white paper will omit.

simple question:

Does BTC SV have mechanisms that ensure decentralization nthat BTC does not? or is SV trying to do something else

Craig's position essentially boils down to this:
"I am Satoshi, I have a wallet with 1 million BTC and if everyone doesn't get on board with Bitcoin SV then I will simply dump Bitcoin until it is worth nothing and you will be forced to get on board with Bitcoin SV anyway".

To answer your question about decentralization, he explicitly does not care about that. He basically says mining is a competition and decentralization is subsidizing losers. In other words, if he mines every block because he's rich, so be it. And if he gets every mining reward because of that, great.

He lastly doesn't care about ordinary users past ensuring that Bitcoin SV is "sound cash". His "plan forward" is to convince business to accept SV and the little guy will be convinced out of necessity.

imo, because I went through some of the available documents regarding the estate of David Kleiman v. Craig Wright, Craig, regardless of whether he is the best person to be called "Satoshi" probably has control of Saotshi's coins and will dump it all into SV if that's what he wants - which is what he says he will do. IMO, Kleiman and Craig probably created Bitcoin together but Kleiman died and Craig stole the coins.

>>11884353

No way he is satoshi if thats his stance on decentralization. Unless ofc, Satoshi was a team as many think.

well The fact he has "proved" he owns satoshis BTC in as many was as possible apart from actually doing the obvious bothers me about believing he can dump that much BTC.

I wanna buy some SV because i know it can potentially be a hedge,you never know.

>>11884353
The fact of the matter is decentralization is a meme. Anyone is allowed to mine and compete within the ecosystem, and the ecosystem rewards winners. It's decentralized enough and that's what matters.

>>11884025
Competition is not centralisation, it does not matter if one pool has over 51% of the hashpower, it's always more profitable for a miner to remain honest

Read the fucking whitepaper

>>11884899

How does chainlink fit into that meme? Seems like it may have a shot at decentralization

>>11883932
>BTC has potential scaling issues
>BTC is no decentralized due to miners
>This may neve rbe fixed due to the nature of the team developing it.

>BCH:
>aimed to have bigger block sizes to fix those issues

but every miner received the same amount of BCH when it forked, leaving the percentages identical up to that point.
how can it be less decentralized when all those miners received the same amount of BCH that they owned in BTC?

>>11883932
it fixes the problem of there being a shred of credibility left in bitcoin and cryptocurrency and also ensures your money ends up in craig "ultimate faggot" wright's pockets. buy now. you just know all the normies are clamoring to buy some Bitcoin Cash Satoshi's Vision coins anon.

>>11885065
*less centralized

>>11883932
ABC has a smartcontract platform that includes a built-in oracle service that is provided by the block producers. This puts legal responsibility on block producers to verify off-chain data.
SV has a smart contract platform as only on-chain (similar to ETH). Meaning BPs are not responsible for off-chain services.

>>11885065
its not. I don't know how anyone hasn't realized this yet but bitcoin and all of its forks are just cash grabs that allow a handful of early adopters to print "money" from nothing and dump it on desperate faggots without consequence.

>>11885123

lmao legal. as if

Holy shit. This really shows how clueless the average crypto speculator is.
No wonder we're dumping like crazy

>>11883932

There is bitcoin. It's the ancient ur-crypto. It's not very good, not very fast, doesn't scale. Generally, it's not very useful, but it's accepted in a wider scale than everything else.

About two years ago, there was a bunch of fluster about 'muh true vision,' and 'segwit2x,' muh lightning, and so on. From this were spawned bitcoin XT, which is like AIDS, bitcoin cash, which is the autistic brother of bitcoin, bitcoin gold, which is a scam, bitcoin private, which is a scam, bitcoin segwit2x, which flopped so hard it literally died. Old bitcoin is officially maintained as bitcoin core, but there are cults within the cults, who form two religious groups. There are small blockians, and big blockians. You don't need to know what they're about, except that it's retarded, and and many a holy war has been fought on behalf of blocks.

So one autistic man, who was once known as Bitcoin Jesus, decided he had the one true vision, and he took cash to make a peer to peer butt. This made him not Bitcoin Jesus anymore, and he was now simply Roger "I'm autistic and rich" Ver. Andreas Antantnantantwhatthefuck is not Bitcoin Jesus, and Roger runs his heretical cult of buttcash with bigger blocks, for more transactions and speed. Rick Falkvinge is his head priest.

This year, other famed autistic manchild Craig "The real Slim Satoshi" Wright said he was Satoshi, and his vision is better, so he's forked the fork of a fork of a fork that he allegedly made, so buttcash is now buttcash basic bitch (ABC), and buttcash Slim Satoshi (SV). These even more extreme religious cults within the cult are very autistic, and this isn't something you should ever concern yourself with. Pic related is a bit more detailed.

Yes, this is all true.

>>11885190
precisely why blockchain oracles need to be their own independent and decentralized middleware layer. can you image chink mining farms taking legal responsibility for the data they provide? AHHAHAHAHAHAHHAHAHAHAHA

Decred is the real Bitcoin

>>11885219

holy shit that pic.

Literally stopped believing in BTC decentrelization this week after the fork fiasco exposing it to me tha two rich enough faggots can literally effect the mining economics of BTC indirectly

>>11885219
What a shit show.

>>11885358

That's the actual crux, and why prices of everything has crashed through the floor. Two autistic manchildren with a couple millions each are fucking over an entire ecosystem.

How the fuck are you supposed to buy drugs like this, let alone hold it as 'investment,' or use it to pay for real things? It's fucking impossible, and some other idiot is bound to make a Real Actual Slim Satoshi fork in the future, because why not? Rent the hash, churn the miners, be the bitcoin you were born to be.

>>11885219
based and redpilled

>>11885392
>How the fuck are you supposed to buy drugs like this

Idk ask the thousands using it to buy drug s literally everyday you stupid cunt. This isn't some hypothetical scenario you autistic retahd because its literally happening somewhere as I type

>tfw your trade was a bubble butt

What did they mean by this?

>>11885428

you missed his point.

>>11885392
Indeed i started to wonder this.

I know big tether whales have been chased out for a while though. it all got sent to the treasury so out of circulation.

Then this fork happened and the paying for hash and mining at a loss, indrectly crashed BTC due to tanking of mining economics. At this point, i think many started to realise that its fragile as fuck.
Huge miners have gone bankrupt over them or been forced to liquidate (sell off all btc). many retail miners had to switch off.
All because some millionaires were willing to spend millions to try be right?

makes me wanna sell every last cent i have. POW is fucked. Its not secure in any world where someone can do this.

>>11885428

No one buys anything with ur-bitcoin. The criminals are using monero, the chinks and russians are on ERC20s, and the autistic white people are stroking themselves into a frenzy over yet another blockian holy war, led by their respective holy men and sponsors. Using bitcoin for crime ends with pic related.

You can actually look at the buttchain and the memepool if you want to know what's going on with these shitcoins, but an easier way to gauge what's going on is to simply look up the price and what kind of shitposts appear on google's 'news' search.

>>11883932
SV = BITCOIN

Proof = https://nakamotoinstitute.org/bitcoin/

remove all the decentralized meme read whitepaper no decentralized

>>11884353
Honestly.... isn't this awesome? I mean some people on biz say Craig's a faggit and a child...

But I wound think your avg bus poster would think this is awesome and hilarious that he'll just dump btc to the ground.

I mean I have skin in this game but it would be hilarious to see him fuck everyone my losses would be justified by the fact that so many neckbearda would lose also

>>11884025

>>11885123
So does SV make Link kinda irrelevant ?

>>11884983
this

Here's your fucking redpill OP you retard

>>11885014
link not needed

>>11885499

Tether itself is a giant liability at this point. Even if for some fantastical reason, known pedo and general criminal Brock Pierce has billions of dollars in a bank vault owned by the guy who made Inspector Gadget (Deltec is actually for real owned by Jean Chalopin), the public doesn't believe in them for even an instance, their 'dollar peg' gets erased daily, and they are injecting more funny money into an already funny money system to keep it from having a heart attack, slushing funds back and forth between whales and other exchanges.

The tether tendrils are systemic, and if it goes down, then all the other exchanges go down with it. A fun fact people miss is that most exchanges actually don't offer USD/crypto pairs, but USDT/crypto.

Those dollars were never dollars, but tether 'backed' pretend dollars printed by MoneyCrafta and Brock "EOS will change the world" Pierce.

>>11885594
Means nothing without decentralization.

>>11884899
>>11884899
>It's decentralized enough
imagine being THIS stupid

I firmly believe this bitcoin ABC and SV shit is the reason we’re at 3800 right now. Fuck these faggots. They unironically killed crypto

>>11885805

Well, yeah. Two manchildren and their cults fighting over who has, literally, 'the one true, the biggest chain' will do that.

Can you imagine what this shit looks like to a normie who avoided the crypto bubble? He's got a face like pic related.

>>11884353
Based.

>>11885730
Muh decentralization is a fucking meme brainlet

>>11885805
No they are just killing off all the scam coins. You should thank them for their service.

bit coin will scale to 128 mb blocks, it will not be held back by
legal problems with op codes,

it will work with government, not against, this is what bitcoin was designed to be

peer to peer electronic cash, not socialist circle jerk, not basedboy cuck shitcoin

work with me, you will be successful, work against me, we will crush you

have a nice day