/biz/ - Business & Finance

But.... I need BTC to buy the real shitcoins

>>13758003
> OP is a fag
> OP is a fag
> OP is a fag
> OP is a fag

Because OP is a fag

>>13758003
Based & blueballed

>>13758003
proofofwork

>>13758003
OP probably doesn't know Hydropower is used more often to verify transactions.
OP Probably doesn't know Transaction Fee's are at all time lows with Lightning Network.
OP probably doesn't know Scaling isn't a problem anymore thanks to Atomic Swaps with a Sidechain that is twice as fast.

LMFAO.

>>13758213
the point is: why the fuck aren't people adopting a more efficient coin?

>>13758003
you are fucking retarded
if you shitcoin is fast and cheap it's because it's centralized and worthless, not because it's great

This market isn't about muh 'innovation' or whichever shitcoin is the most 'advanced' one on paper, this is about
>security
>credibility
>decentralization
>immutability
etc

Everyone can copy any shitcoin's features that's why they are worthless.
Nobody can copy bitcoin's hashrate, immutability, credibility, predictability of monetary properties etc

Crypto is MONEY first and Technology second, get that through your fucked up head retards. No one gives a fuck about your 'ground breaking' shitcoins, they are all scams that can be recreated in a heartbeat.

Cryptocurrency (btc) isn't about buying coffe with it you retards, it's about being able to SAFELY store your wealth in something that CANNOT be inflated (the supply)

Digital scarcity is the most important innovation, not your fucking food tracking on a blockchain or whatever piece of shit you bought and are stuck with heavy bags of.

Get fuck shitcoiners

>>13758242
because they have dogshit security and no network effect you dumb newfag

Yeah, I was like OP...
Then I read more and more for almost 2 years..
Now it's only BTC that matters.

>>13758003
because you don't know shit
it's easy to think bigger blocks will solve every problem, DYOR and you will discover why it's false

>>13758256
btc is very centralised wtf everything built on it is controlled by blockstream

>>13758003
burstcoin could have been great, mining via hard drive space, super efficient mining. but the last dev team shit the bed. may rico666's soul be fucked by a thousand fiery demon cocks at once for eternity.

>>13758791
i had a block discussion yesterday and i did my research. why is it false? no real argument

>>13758003
Today is the day Bitcoin died, since Craig Wright became "Satoshi" - he isnt Satoshi btw, but everyone is transferring their Bitcoin into ETH.

>>13758852
go and check how many core devs are from blockstream, also no the core devs don't control anything, it's users running their nodes deciding what's bitcoin and what's not.

People with serious money don't give a fuck whether the transaction takes .0001 nanosecond or 15 minutes, whether it's free or costs $50, because security and immutability are the most important thing to them so they don't have to worry that some faggot will change the supply overnight or roll back the blockchain because some scammers cannot get their funds out.

There is no demand for some stupi blockchains or dapps but there is very high demand for a secure, immutable store of value.

Used BRD wallet to transfer a small amount of BTC to my Goybase account, and for some reason the automatic fee calculator shit itself and set the fee as 2sats/byte and I didn't notice. I stuck the transaction hash into a few of those transaction accelerators but don't have much hope. How long until it's dropped from mempool and I can resend it with the proper fee?

TX is https://www.blockchain.com/btc/tx/9d7abc3cda6fd1d22afaf57e7adf007118930a91302d0acd15707c80c4c72cae

>>13758242
Because crypto is not easier than fiat. Complete loss of funds due to a lost private key is unacceptable for mainstream adoption. The use case for crypto is not easy fast payments, we already have that. This is why shit like nano will ultimately fail. Crypto is about insulating yourself from a corrupt financial system, and the way you do that is by buying and holding the coin with the most adoption, lifetime, and most liquidity. That coin is bitcoin

It really is an absolute shitcoin, especially ever since blockstream and bankers hijacked the coin.

>>13758256
>LN
>decentralized
AHAHHAHAHAHAHAHA

>>13760483
>t. pleb who cant afford a whole bitcoin
LOL

>>13760418
Usually I hate corecucks, but that's not a bad answer.
Crypto can be much easier and faster than traditional payments though (but only once you've acquired it)

Try reading the bitcoin standard, it will explain you why bitcoin is the best thing since gold. I used to be in shitcoins, but now I'm 90% btc and 10% bch as a hedge.

(I've been in since 2013, bought first bitcoin for $130, worked for 6 crypto companies like metaverse and coinsuper)

Summary of bitcoin standard by safadean ammous:
https://twitter.com/ydemombynes/status/985560599248756736

>>13760418
I agree with most, but you're missing the big picture. Bitcoin has no inflation and is immutable, and it's the first real scarce currency.

If there is more need for gold, they will increase the gold mining. If more people mine bitcoin, increased difficulty will still mean the same amount gets released. And that amount will decrease.

>>13758003
>Slow transaction time

NANO is instant

>Scaling problem

NANO can scale indefinitely

>High as fuck transaction fees

NANO is free

>Damages the environment

NANO is green

Do you see the pattern /biz/?

>>13758003
im gonna explain to all you brainlets:
1. if you keep changing the "one true cryptocurrency" as time goes on, then they are all worthless as there is no consistency anymore. BITCOIN has been here for 10 years and that by itself is valuable
2. there isnt any better tech. yes, its slow as fuck and has scalability problems, but its still the best out there for decentralized TRUE PEER 2 PEER electronic cash. any other shitcoin that uses any other system rather than PoW is a centralized piece of trash and NOT P2P. if you think PoS is better than PoW you need to unironically end yourself.
3. IT IS BITCOIN. BITCOIN. YOU UNDERSTAND THAT? ITS NOT FUCKING LITERAL WHO SHITCOIN. ITS BITCOIN

>>13760696
I like nano but it has not even 1% of the immutability and network bitcoin has, proof of work in this scale is unkillable.

I like the fact that nano also had a fair launch, with a faucet. No premine like most shitcoins.

Their proof of stake is not secure enough yet to be used in the way bitcoin is, and I doubt it will ever gain enough traction.

>>13760734
True. BTC immutability is unmatched, but as you said, BTC took 10 years to reach this level of immutability. NANO can and will be more secure with more adoption.

And I don't think PoW is that efficient since coins like ETC (that is bigger than NANO) got a 51% attack. NANOs DPoS never got a 51% attack...

>>13758242
>adopting a more efficient coin
more efficient = easier to ddos and attack, bitcoin works well as digital gold at the moment

>>13760903
Digital gold is great, but what's going to be the digital /currency/ that reaches wider adoption?

>>13760903
Nano will never work on a worldwide scale, it's too vulnerable. They would have to change the instant small POW in the transaction, I'm also not a fan of DPOS because it's relatively centralised

https://medium.com/@qertoip/it-seems-to-only-cost-3m-to-kill-nano-raiblocks-37d78a4e96ca

>>13758003
Buahahaha nice try op.

>>13760927
I'm going to assume it will be a second layer solution(probably not LN). I used to think bitcoin cash could solve it, the bigger blocks can scale enough for the whole population to use it a few times a day. But I think the network will get spammed by projects like VERIBLOCK, which will make blocks tens of terabytes large and will centralise mining.

“Damages the environment” shut up fucking cuck

>>13760727
One person gets it.

>>13758003

It's the original coin created by Satoshi. People like original things and brands. That's why BCH and BSV are trying to steal the name.

>>13760946
They are working on a dynamic PoW solution that is going to be released in the V19.

And BTC is also relatively centralised, even after 10 years....

NANOs DPoS largest problem today is that people keep their coins on Binance and because of that Binance rep has 24% of the votes but this will be solved as adoption growths and people starts to realize that is not a good idea to keep their coins on a exchange.

Fuck the Faketoshi FUD, keep accumulating Bitcoin.

>>13758256
>immutability
>core dev propositioning CZ to roll the fucking chain back possibly breaking the chain in 2 because he got 'hacked' for a measly $40 mil
>80% mining power in chinkland

LMAO
M
A
O

wtf i hate bitcoin now

>>13761074
I must say if I bought any shitcoin it would be nano, I already bought it once when it was still raiblocks. But I'm not convinced yet that it will be the one.

Bitcoin is not centralised, no one can take control. Even if any shill tries to tell you they can, it's an unstoppable force.

>>13758003
one day, in the near future, 1 bitcoin will buy you a Lamborghini dealership. Check 'em.

>>13760967
This is the thing to worry about with big block sizes: the chain will get so large only AWS or google servers can hold them

>>13761111
FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK

>>13761111
checked and basedpilled

>>13761094
CZ is just a random chink that is a good business man but a tech retard, no one is able to re-org the bitcoin chain.

Bitcoin mining prevalent in a certain country doesn't matter, if china bans it hash rate will drop down together with difficulty and relocate to the rest of the world.

>>13760559
opinion on link?

>>13760727
That's nonsense. The markets will decide which coins will succeed.

Cryptocurrency is still on it's early stages and at this point everything is just an experiment and BTC is the oldest one. That doens't mean it will be the one to make it in the end.

>>13761156
I don't think any project besides bitcoin is viable right now, the ideas are there but the technology is not. We need a catalyst in scaling without sacrificing decentralisation, whether it will be through sharding or another protocol I don't know.

>>13760696
dogshit security, not decentralized. rather use visa than your scam

>>13761138
>>13761145

>>13760727
Disclamer:
>I do hold btc
>I do understand how immutable and decentralised are important properties
>I dont give fuck about bsv/bch
>Im not shilling some pajet alts
>just want to talk desu

>there is no greater store of value that will ever be created

Why?
Isnt it ment to be p2p money?
Which fed cant controll so we stick it to the man?
Its in fucking whitepaper

But if promising projext x starts as one thing, create army of early og-s and top buying bagholders, fails miserably one thing it's supposed to do as btc did as digital cash, than that same army of og's and bagholders create narrative how its "store of value" now and defend it as religious zealots to keep it going up pricewise:

how the fuck is it asset class and not failed project turned into multy level marketing?

Now we ahve custodian solutions for people that dont need immutable and decentralised asset (they want it because it's going up but they want someone else to keep it for them), and dont get me started about everything that is bad and makes no sense in LN.
But eaven if it works, lets say LN works out its deflatarotory asset noone wants to spend.

Yes I know btc will go up its best told narrative in markets ever, its retail honeypot at this point it literally won when everyone on earth saw it at 20k just that one time.

I guess my question is:

Is real redpill one that we DO live in clown world???

>>13761209
>Is real redpill one that we DO live in clown world???
Anon, You've been outside in the last 5 years... right..?

>>13761094
To be fair, if they could change the blockchain they would. They didn't because they can't.

But yes, it is scary that a core dev proposed it.

>>13761209
It could have been in the white paper, does not mean it will be the final product. It's hard to scale to infinity while still being immutable and low in fees. The most likely course is that it will be digital settlement layer that is scarcer than gold, which is still an amazing achievement. With side chains like lightning network or others, which will most likely be the new kind of banks. But this time you will be able to see what the bank actually holds.

>>13760696
>NANO is free
Something created without effort will be discarded without effort.

>>13761269
and, hopefully, no more fractional reserve bullshit

>>13760483
ln is fall small transactions like your gay ass coffee so you don't bitch and moan that >muh no utility
small transactions don't even need a fucking blockchain but for faggots like you they created the LN, there is a difference between moving your entire wealth (on chain) and buying meaningless shit like a coffee (LN)

>>13758179
this

>>13760927
we don't need decentralized visa you brainlet, did visa ever scam you when buying something? no? they why are you so obsessed with replacing it?

The thing that scammed entire nations for centuries is central banking (kikes printing money - if you are thick skulled) and that's the only thing bitcoin needs to challenge digital gold, store of value, with as much security and immutability as possible so no Schlomo shekelstein can decide to print more and rob you out of your wealth. Why don't you brainlets get it, why is it too hard for you to understand that the biggest cancer on society is inflation caused by greedy kikes printing more and more money. If people hold their wealth in btc then kikes can print all they want they will simply hypeinflate their shitty fiat and no more parties no more wars, no more degenrate funding, no more stealing from people.

Every faggot cries how bad btc is for muh environment not even realizing that btc could end all wars because kike governments won't be able to print any for themselves to fund those wars

>>13761111
Jesus christ

>>13761536
visa is great
USD is shit
Euro is shit
Yen is shit
if visa picked up a currency that was open source with a known/fixed inflation rate, i'd be happy as all hell

>>13758003
>damages the environment

Oh no we must protect the environment for the nigger hordes that will inherent it from us. Wouldn't want those monkeys to be treeless :'(

>>13761536
You can't get mad at them for not getting it. It took me atleast 6 years. I got into all the scams, I even helped chinese companies create scams.

>>13761536
based and inflation pilled
They claim inflation is necessary to spur investment in the stock market forcing people to invest. But that argument dosen't work, why did the US stock market grow from WW2 till the gold standard ended? The Fed throws out average people's buying power to prevent normal short term stock market corrections. Why inflation is touted as a positive at the Fed I will never understand.

>>13761111
Wewwww lad

>>13761783
so i've heard, only one man in a million understands inflation

>>13758003
OP is correct, but the general public won't give a shit about this any time soon.

The narrative of Bitcoin as digital gold looks like it can hold up for a while, and like paper gold a paper and fractional reserve Bitcoin market may develop that is entirely decoupled from technical fundamentals. That would also dilute the supply and keep the price lower than would otherwise be possible but it can work and continue chipping away at the gold market's cap... for a while.

>>13762001
fractional reserve Bitcoin market
That's literally what half if all major exchanges are doing right now. A lot of them are insolvent.

>>13762128
audit of major exchanges when?

>>13762128
Are you getting at Tether (ok, with you on that) or that they're creating and selling fake Bitcoins because they know most people will just keep funds on the exchange? The latter would be a natural thing to do, but is there really any evidence on this for most major exchanges?

>>13762149
Hopefully soon, they are doing banking 2.0 without anyone checking them. And scamming white basement dwellers out of their hard earned pocket money.

>>13762368
Any wallets that are confirmed for exchange wallets?
that'd be the easiest way to check solvency

>>13762402
I've seen people checking out their wallets, not sure if they were solvent since I don't know how many customers they have.

I did see that bitfenix was laundering money, as they send as much bitcoins out as they received.

>>13762455
It's going to suck when bitfenix and tether popping will create massive ripples in the crypto market
i hope anons hold through the storm