/biz/ - Business & Finance

>>12243375
lol, BTC is finished.

>>12243375
>waiting 45 minutes for your transaction to be mined by chinks instead of just using The main smart contract platform ETH which takes 12 seconds

>>12243399
Ever used LN? Probably not so stfu retard and let the adults talk.

>>12243428
jesus, you have no idea how LN actually operates do you? do yourself a favor and read the tech specs on it. try to answer this question: where do the LN transactions get recorded?

>>12243467
Off chain. What's wrong with that? Less congestion on chain. Off chain is the way to scalability. This makes it more private as well since the actual transactions aren't recorded unless you want to open or close a channel. On top of that, all transactions on LN have onion routing, so much more secure and anonymous.

>>12243495
how would you execute a smart contract when nothing is recorded? how is that a secure smart contract?

>>12243495

>he thinks off chain is the solution to scalability and not plasma child chains

Hahahahhs bitcoin Maximalist truly are retarded

>>12243526
LN isn't tied at all with RSK.
disregard >>12243428

>>12243526
LN and RSK are run by completely different development teams/companies

>>12243656
why'd you have to ruin my fun?

>>12243375
2019
Thinking bitcoin is still relevant.
Eth is years ahead

>>12243744
>Good luck scaling
>Good luck trying to run your own full Ethereum node
RSK just put the only use case ETH has in put it in the garbage where ETH belongs.

>>12243816
Not really. Smart contracts on bitcoin have been around for years ever heard of counterparty? Wanna take a look at the price chart of counterparty to see where rsk is heading?

Bitcoin maximalists: smart contracts are useless muh scam muh monotheism

Also bitcoin maximalists: look we have smart contracts now ETH btfo.


Bitcoin - not even once

>>12243816
>good luck scaling
Meanwhile eth transactions are higher take only few minutes while bitcoin transactions take several hours

>>12244100
LN transactions take 1 second.

>>12244063
Counterparty is still under development, and RSK has more programmability with Solidity. Also counterparty's main focus is issuing assets.

i know there's a 1% chance anyone reading this has even dim awareness of the tech, but OP made me curious enough to take a look at the RSK website/blog/github
it's a bunch of brazilians literally copypasting ETH stuff
their tutorials are barebone and tell you to use Truffle, Remix, etc., the whole thing filled with misspellings and grammar mistakes
even Tron is unironically more advanced than this

The inevitable hubbing on the LN is also cause for concern. Basically forming centralized points of failure in the network.

At the end of the day no normie wants to have to be educated to use their money. LN with its separate layer of payment and liquidity is just complicating bitcoin even more than it is--- which is going to further hinder mass adoption.

>>12244224
This is just the beginning. Look up Casa node making things easier for normies. Also, the consumer/normie will just use a QR code and that's it. No normie knows the backend of email or TCP/IP but that doesn't stop them from using it.

>>12243375
>rootstock
>literally a server owned by a company that executes code, full trust
>thinking this is actual competition

>>12244864
>the absolute state of biz

>>12244883
oh so you are another one that thought rootstock is somehow magically executed on the bitcoin blockchain?

>>12244889
It's a sidechain you retard.

>>12244903
>sidechain
buzzword. what you do think it actually means in the case of rootstock?

>>12244117
> RSK has more programmability with Solidity
wut
don't talk about shit you don't know about anon

>>12244933
It won't be as decentralized as the Bitcoin blockchain, but it's a turing complete virtual computer as a side chain to BTC, which enables smart contracts to take place on the Bitcoin blockchain. Unless ETH figures out its scaling and POS problems, something like this looks more promising.

Check out RIF OS

>>12244996
Don't believe me? DYOR and you will see what I'm talking about

>>12245010
>It won't be as decentralized as the Bitcoin blockchain
It's literally a server run by RSK Labs. You can't even use it without accepting their terms and conditions.
They plan to 'decentralize' it eventually by splitting the nodes among several major companies.
Even eos is more decentralized.

>>12245010
>but it's a turing complete virtual computer as a side chain to BTC
my god just shut the fuck up. its obvious you dont know what any of those terms mean. fucking cringe when programmerlets see buzzwords and jut repeat them to sound smart.

>>12243375

This is great to wash your bitcoins from illegal activities right?

big dick whale here.. rsk is going to dump, but is a good long term hold if you buy bottom and you believe btc is the future

>>12245010
I was trying to mate but there's fuck all documentation to actually see what their contracts are like or how they work.
how you have all this information that proves it's more "programmatic" I have no idea, whatever that even means

Nice fresh link fud. Old ones were getting stale

>>12245050
If you can't even bother to open the page to see what this is about, then just stfu you fucking 12 year old. Just laughable the amount of trash that lurks on this board.

>>12245035
the real redpill is that altcoins are doomed to fail. if you haven't swallowed that pill yet, good fucking luck.

Question:$10,000 in BTC locked for 5 years or $20,000 in altcoins for 5 years. Which do you choose?

>>12245091
>believe btc is the future

Basically you have to be an idiot then. Thanks

>>12245094
>>12245050
From "Sidechains Are Bringing ICOs to Bitcoin And That Might Change Crypto Funding" by Coindesk

>>12245195
kek a coindesk article
don't come at me like something is "programtically" better and screenshot a coindesk article
I want code example, dev docs and use cases
like said, dont talk about shit you don't know about

>>12245154
lmao look another stupid core cuck faggot

what happened to bitcoin being immutable when segwit was implemented ur a cuck bitch

>>12245239
It still is immutable you fucking retard. Segwit was a soft fork. Less than 30% of the nodes wanted bigger blocks. Go play in your kiddie pool of Bcash or Bitcoin CSW vishnu

>>12245233
It is compatible with the Ethereum Virtual Machine (EVM) and its contracts are also written in Solidity. The whole point of RSK is to implement smart contracts on BTC, why would they come up with a new language to code in and make it harder for ETH coders to code on the BTC blockchain?

RSK founder said they were working with Chainlink so doesn't matter for linkies who wins

>>12245288
So basically bitcoin admits defeat. Nice one.

>>12245288
so they forked eth then and it's better than it yeah? If it supports the EVM it must have the complete same feature set.
I'll add RSK to the list of projects who have done the same... Let me think.
Tron
Vechain
Waltonchain
Yeah you're in the shit leagues

>>12245327
They didn't fork ETH you retard. It's a turing complete sidechain that uses smart contracts on the Bitcoin blockchain. Do you retards not understand this? The gas used on RSK is 1:1 peg to BTC. It's not a competitor to BTC it is simply a way to make smart contracts on the BTC blockchain. All the coins you listed use their own blockchain, meaning they are doomed to fail in the long run.

>>12245309
Is this true? Do you have a source?

>>12245358
Kek you're fucking deluded
You have contracts that compile into the same bytecode as ETH that uses the same language and uses the same runtime environment and they haven't forked it
give over mate, you have no fucking idea what you're talking about, it's funny

>>12244883
>all of this IDs posts

>>12245412
I'd feel bad for people like you if I didn't believe in natural selection. Big losers are needed so some can prosper.

>>12245426
still sat here awaiting a real rebuttal

>17 posts and hes still shilling

>>12243428
>corefags are this brainlet
Yikes!

>>12245439
How about you read the whitepaper and come back to me.

>>12245469
Said like a true deflecter who doesn't know jack shit.
GG anon, don't come here chatting shit cause you'll get someone who actually knows what they're talking about.