/biz/ - Business & Finance

>>14535291
he has too many btc's.
He's as biased as can be.

HOT will make most alts obsolete

>>14535291
his shitty coin failed so now he's salty

>>14535291
350 IQ

>>14535291
He's right a handful will make it but the casino is closed

>>14535291
hes acoustic

>>14535291
>What's his problem?
Nothing, he is right newfag

He's right

>>14535291
Another maximalist that thinks technology will naturally stagnate. Unfortunately, because blockstream cucked btc it will hurt its market dominance in the long run. If it weren't for that who knows where it would be now. Remember satoshi himself said btc was capable of thousands of transactions per second, then he want mia and shit went downhill since for btc's development.

this means we're in alt season you absolute doofus

>>14535291
He is largely talking about the 2017 phenomenon where you had all these retarded coins with zero use case (remember Bitcoin Red?)
These things still exist, like VIDT for example (why do you need a cryptocurrency to validate documents? You don't) but it's nothing like the casino it used to be.

What value? I had about 1k in assorted alts. I have like $50 left from that.

I don’t think alt coins in general will go away but if the phenomenon he’s referring to is related to the altcoin funding model then yea I think that’s by and large done for.

>>14535457
>decentralized
>immutable
>ledger

>>14535291

"How do you do, fellow Bitcoiners"

>>14535291
>altcoin phenomenon finished

It only ever became a thing because BTC is an utter shitcoin thanks to Core. This guy is a retard.

Lightning network is working really well
All the fud has been dismissed with recent upgrades
Salty Alties btfo

>>14535457
i know right. you can just verify documents with your eyes

>>14535507
>buzzword
>buzzword
>buzzword
Until you can explain why any of this is necessary to validate a document, you're just gambling with a shitcoin that won't be around in 10 years.

>>14535291
(((KEISER))) every fucking time

>>14535291
Just shilling his bags and scared of a potential flippening

>>14535291

He’s playing 4d chess you low IQ retards.

>>14535648
>muh lightning network
Band.aid.solution. Normies will never use this shit.

>>14535291
He's right. If real life customers have to go on crypto exchanges to buy altcoins to use a service, altcoins will never take off. Never ever. Even coins that work in the background with no need for the customer to do anything like EOS is having a hard time taking off.

>>14535648
Capacity and channels are done and new """nodes""" consist of pic related. Lightning doesn't fucking work.

https://1ml.com/statistics

>>14535721
Normies can use lightning app by lightning labs right now it's extremely user friendly and autopilot handles channels
It's getting exponentially better every couple months with each new release

>>14535773
What are you even saying? That growth has stagnated?
I was one of those people who took the capacity down because it was difficult to use and not exactly safe
Now it's 10x better nodes are self learning the best route and there's incentive to maintain a good node
There are watchtowers and backups and much more
When I started my node 5 months ago to now is night and day how much it improved

I bought $40 worth of Amazon giftcards with lightning last night so capacity isn't a problem
I gambled on dice and got paid out
It's instant and secure, it's clearly the future of crypto

>>14535449
Yeah this. Btc development has utterly stagnated - whether it's Bch, Eth or something else doesn't matter, they have more use cases & more intrinsic value than Btc.

>>14535449
Craig isnt MIA anymore.

>>14535982
Alts have no decentralization or security
Both chains you mentioned have centrally rolled back

>>14535762
>If real life customers have to go on crypto exchanges to buy altcoins to use a service
this will not be the future of how to get altcoins you 60 IQ retard.

>>14535648
why will the miners continue to support the network if lightning is robbing them of their fees?

>>14535870
>it was difficult to use and not exactly safe
Still is, that's why adoption is falling.

>>14536198
Bitcoin's hashrate is the highest it's ever been they must be doing something that incentivized miners
Maybe by making the chain more usable with instant transactions that eventually consolidate onto main chain generate more fees than a centrally controlled 1sat/byte bloat chain

>>14536231
Oh do you run a lightning node explain some risks

>>14535291
He's right you know.

>>14536278
it's highly profitable to mine bitcoin atm which is all the incentive they need. after a couple more halvings they'll be largely reliant on block processing fees though. by lowering these lightning becomes a direct assault on the security of the network

>>14536320
How do you know fees will be lower?
Bitcoin produces more transaction fees than any other chain it's why all these retard alties think it's outdated tech
They allowing 10,000s of cheap transactions to consolidate into 1 so in the future a $10 transaction fee doesn't sound like much

>>14535317
>The year is 1998 we should create "search engine fund"...35% google, 30% yahoo, 20% alta vista, 15% ask jeeves, etc...
vs
>realizing that at some point a leader is so far ahead that it only makes sense to invest in it...diversifying is simply another word for losing money.

>>14536388
based

>>14536299
The routing problem is unsolvable. Lightning devs still tell people not to send more than they can afford to lose. The cringe meme #reckless is still completely lost on the idiots who think Lightning is a solution.

>>14536447
https://blog.lightning.engineering/announcement/2019/07/01/lnd-v0.7.html
You're living in 2018
I've run a node and saw the upgrades myself that make routing work and funds safu

>>14536506
All they've done is spread the problem over different channels. They haven't solved the problem.

>>14536676
what does this even mean?

>>14535291
He's right though. 99% of shitcoins have no real use case.

>>14537382
and the few use cases an alt might have are eventually integrated into bitcoin

>>14535452
this, he's getting paid to shakeout the weak hands

>>14537382
True but at the same time Bitcoin will NEVER return to 90% of the market share, maximum is like 75%

t.BTC and altcoin holder

>>14536388
>the leader will be the most useless one

>>14535291
Don’t engage the 2017 moonboys. They are emotionally attached to their alt bags and will not learn their lesson until they lose 95% of their bitcoins. Anybody here since 2015 or earlier knows this, alts are merely a method of seperating you from your bitcoin. Newfags go look at CMC front pages through the years, you’ll notice something worthwhile.

>>14535699
dubs of truth

>>14535291
Fuckkk should I sell my maxcoins? I've been holding these things since 2014 fuck!

imagine not owning at least 100 BTC

>>14538027
>google will never get 90% marketshare of the browser...ask jeeves is too advanced.

>>14538774
>comparing Bitcoin to Google
Maybe if it actually worked, but it doesn't

>>14535580
Kek, kinda this. But he is funny sometimes, I admit. You can tell hes a /biz/ian, he knows all the memes

>>14536447
im a btc maximalist and i will say for the record: (a) lightning will probably never work, and (b) doesnt matter btc will still achieve 90% domination and 100K range.
why?
Because the 2nd layer is going to be in the protocol itself, its going to be a plethora of interconnected outside services.
There will wind up being 2 or 3 major "payment processors". These will each achieve full-spectrum integration with fiat, exchanges, banks, visa, etc....you will use "CashApp" to pay for your coffee and CashApp will fund from visa, bank fiat, libra, bitcoin, etc.
It won't matter to either you or CashApp that BTC txn fees are $15 because they will simply receiving stablecoin transaction from each exchange where they have integration API.

>>14535291
Why won't he admit Chainlink will take the number #1 spot?

>>14536447
im a btc maximalist and i will say for the record: (a) lightning will probably never work, and (b) doesnt matter btc will still achieve 90% domination and 100K range.
why?
Because the 2nd layer is NOT going to be in the protocol itself, its going to be in the plethora of interconnected outside services.
There will wind up being 2 or 3 major "payment processors". These will each achieve full-spectrum integration with fiat, exchanges, banks, visa, etc....you will use "CashApp" to pay for your coffee and CashApp will fund from visa, bank fiat, libra, bitcoin, etc.
It won't matter to either you or CashApp that BTC txn fees are $15 because they will simply receiving stablecoin transaction from each exchange where they have integration API.

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