/biz/ - Business & Finance

NETWORK EFFECT

SoV CANNOT BE DUPLICATED BUT CODEBASES CAN

MASS ADOPTION

WE ELITE CLASS NOW

>>14670641
Only actually decentralized coin.

>>14670673
what about dogecoin and litecoin

>>14670641
Better is subjective. Bitcoin is the first and best known. It is scarce as fuck to boot. That is a recipe for long term success.

>>14670673
>BTC
>Decentralized
Not for six years

>>14670681
BTC 10000s NODES
YOU CANNOT DEBUNK THIS

>>14670641
simple question for you anon, who is the kingmaker?

Man that satoshi guy must be an alien entity to have come up with a better coin than all the coins that followed combined...well according to the market.

The real answer is because it was first to market. Of course there will be tokens with better technology, they were made 8+ years after bitcoin. That's not to say lightning network is bad though, it's just being slowly adopted.

It's the same with any other tech or service. Superior products exist, but it takes a while for consumers to make the switch to something that isn't widely adopted. Anyone who thinks bitcoin will be overtaken in less than 3-4 years is delusional.

>>14670691
explain

>>14670641
it's the only coin to be introduced anonymously, has no true owner or loyalty, and therefore can be the currency of the internet/globe

>>14670641
Your definition of "better" is wrong
For a store of value, investment, currency, "best" is:
>Most trusted
>Most battle tested and secure
>Most widely adopted

>>14670641
1_Oldest one
2_Low inflation
3_Highest hashrate due to the high fees
4_No pump and dump since most earlier miners and users simply lost their coins.
5_Biggest adoption of them all.
6_Used as the wire system of the developing and third world.
7_About to have less inflation than all fiat currencies next year.
8_Blockchain is only 260gb size after 10 years of operation due to the block limit meaning anyone can download and mine thus it's the most descentralized coin.
9_ 8 + 3 means that the blocklimit is indeed a blessing causing hashrate to grow non stop relative to other coins.

In short everything that people see as a weakness for bitcoin is in reality a strenght , bch and ltc are the second and third in line to gain power relative to btc in the next two years.

But pos memecoins will crash and die.

Brand recognition. Why is a Gucci belt more expensive than 30 Walmart belts? The truth is you're a nigger if you buy btc at these prices instead of a better, cheaper token like ONE

>>14670641
to many bought high

ONE BTC WILL BE A POWER SYMBOL

LIKE APPLE IPHONE USED TO BE 5 YEARS AGO ETC

>>14670641
Name one "feature" a shitcoin has that BTC would benefit from without sacrificing any central tenets of security, decentralization, etc.

The only arguable one is complete privacy and untraceability. But it's actually better for BTC as a potential global reserve currency (replacing USD) for it to be transparent and traceable. Governments and large institutions need traceability for transactions.

>>14670914
BTC will settle down at around $500, got it.

>>14670948
How about transaction fees under $10
Bonus: transaction times under 30 minutes

>>14670800

See that's what I'm getting at.

Of course it's the original that started it all, I thought by now even normies would understand that it's time to shift your money to a crypto of the future. No way Bitcoin is still a big token in 10 years.

>>14670948
Speed, fees, security.
It's rather slow. Lightning solves this a bit.
Kinda expensive at times. Again lightning.
Security. Smart contracts are useful if implemented properly. For example with escrows to avoid fraud.

That said with BTC,LTC, and ETH all other tokens really serve no purpose.

>>14670948
Exactly this is the great problem with monero , instead of a currency it can be used as a money laundering software.

Buy btc > buy monero > do a transaction > buy btc again.

It's a serious problem long term at least until cryptos don't establish themselves.
At least Monero is woke about this to a certain extent and they are playing long term , thus the infinite mining to guarantee a high hashrate in the 2030s if govs attack other cryptos.

>>14670829
Other than the fact that the earth is flat, this

>>14671034
Only one that does that well is litecoin and will grow too.
And the transaction time and fees are irrelevant long term btc is winning the wires market and banks can take weeks to send an international transaction.

>>14671046
money laundering is a slur for basic economic freedom. but i understand that it won't change, don't lecture me.

>>14670641
you must be new
you will find the answer soon
pic related

>>14671091

>>14671078
I tend to agree with you but if btc had monero qualities it would have been destroyed already.

After the Vanguard of cryptos like btc , bch and ltc creates this new market then the true push for private cryptos will grow.

>>14671036
It's been two years since the crypto craze, you really expect people to adopt new tokens by now?
Businesses who accept crypto won't bother with altcoins because it'll be less than .01%(no not 1%) of all their crypto transactions. Consumers won't bother buying said token because once they do it's like "ok I have said (shitcoin) but no one is accepting it, now what?" Never ending cycle.

Bitcoin isn't going to be toppled for a very long time. For one there are too many options of useless tokens. Which has the best tech, which will be widely adopted next? Once you see the total amount of tokens drop from the thousands to less than 100 you could see bitcoin having competition. Until then, it's the top dog.

>>14670641
because there isn't a single token out there actually better than bitcoin, no matter how much you want to delude yourself into believing it. This is the market telling you over and over how fucking stupid you were to ever think anything could topple bitcoin or even hope to compete. I hope you hold your worthless bags to 0

>>14671036
you're going to be so completely wrong.

>>14670641
Greatest hashpower
Hence, most secure
Hence, most decentralized
Hence, most adopted
Hence, most wellknown

>>14670641
Faster or cheaper but not more secure or popularity. Supply and demand make price move and all we care about is getting rich

>>14670800
This nig is wrong
It's not just your normie consumer facing marketing brainlet idea that cryptocurrency adoption is based on this first-to-market shit, rather, Bitcoin IS the blockchain that succeeded, it is THE secure blockchain
Other blockchains will and would have to face the same hurdles that bitcoin has overcome, getting adoption, gaining hashpower, getting attacked, getting forked, public being afraid of X technology, forming a cult against it with an Australian prophet head, and so forth

>>14670641
people who hate on BTC do so because their coin should be number 1. They think they are smarter than the market

>>14671336
ding ding ding, BTC is tough and has proven it.

>>14670684
If ETH and BTC came out concurrently, BTC would likely be dead.

Will I make it guys ?

>>14671358
No , btc game theory and halvings is what causes the price to rise.

Without that eth being centralized shit would have never pushed to for supply reductions.

The btc game theory forces them to do so , eth being first would mean that someone would have created a crypto with ltc or bch capabilities and with btc game theory after and completely destroyed eth.

>>14671385
Yes , you already made it friend.

>>14671358
you don't know shit about tokenomics. 100 million ETH to 21 mil BTC

>>14671358
ETH is a mess
these newfags never cease to amaze me

>>14671358
BTC is what you get from engineers. ETH is what you get from bronie dreamers.

>>14670844
I agree with you on most of your points. But I don't agree with point 6. Bitcoin is great, but for people living in third world countries and living on the margin already. For them, bitcoin is too volatile, same goes for the fees. For us, in the western world, it might not be much but for these guys, it could be the difference if they have food on the table or not. It's going to be interesting to see Reserve protocol launching in Venezuela later this year, and see how this will impact people and small businesses.

>>14670993
You have an IQ of 1

>>14670641
>better
time to go back to plebbit nucoiner

Just wait until Cardano releases Shelley

>>14670641
Btc is inherently deflationary
It tells you usd is starting to inflate.

>>14670641
bitcoin is the first cryptocurrency in history

It has historical value and will be worth more as time passes, not less. In 1000 years owning a original bitcoin will be worth retardeds amounts of money

dunno lol.
nobody understands what btc is. least of all early adopters who hold on to the original vision but got blindsided by all the moongains they made.
btc is not what it was at the beginning

>>14670641
ETHER AND BITCOIN ARE THE CHOSEN FEW

>>14671821
BUT IM NOT GOING TO BE ALIVE IN 1000 !!!! THAT DOESNT DO ME ANY GOOD.
AND I AINT PASSING IT ON TO SOME FAMILY MEMBER. NOBODY GAVE ME SHIT WHEN I WAS BORN !

>>14671611
I live in Argentina and as a freelancecuck i get my income in btc.

Venezuelans are doing the same shit they just send 1 sat transactions and wait.
It's riskier to keep the money in the banks or fiat at this point in places like this.

Go look localbitcoin volume per country , and you will see btc gaining adoption faster in shitholes than in stable democracies.

>It's going to be interesting to see Reserve protocol launching in Venezuela later this year, and see how this will impact people and small businesses.

Venezuelans are already heavy into btc and bch there are people there working as "cashiers" that bring you fiat when you send them btc or bch.

The bolivar has already fallen so btc is rising fast there.

In a purely asset sense Bitcoin is actually ALOT like Gold in many ways. Even though the origional creator(s) wanted it to be the standard "currency" of the future is wont be. It WILL however be the digial "gold" that you can put your money into to hold. The price will stabilize as the years go by.

Newer, more efficient coins will take the "currency" roll (probably BCH or LTC) and ETH will be used more as a utility (but still very valuable)

good

>>14672042
how high do you think the price has for us to start seeing stablization ?

>>14672081
1 million american dollars

>>14672131
makes almost too much sense

>>14672081
it will start to stabilize early 2023 as people realize the explosion of the bubble was weaker than previous ones due to btc low inflation rate.

>>14671043
LTC isn't used nearly as much as ETH, so I'd replace it with Monero

>>14672042
>price will stabilise
>when the more expensive it gets the more volatile it gets
>when the price needs to go up for miners to make fees
you can screencap this if you want., bitcoin will NEVER not be volatile

>>14670641
There aren't better cryptos. Every other crypto just makes different trade offs.

>>14670673
> china own >50% of the miners
> decentralized

>>14670844
checked

>>14671911
This anon got a point.

>>14670641
Why is gold still worth anything when there are dozens of more useful metals out there?

>>14671911
>I AINT PASSING IT ON TO SOME FAMILY MEMBER. NOBODY GAVE ME SHIT WHEN I WAS BORN !

you are why poor families stay poor

>>14670641
>doesn’t understand the odds of something being accepted by the majority as a currency
>doesn’t understand what currency means
>doesn’t understand the power this currency has because of the backing of the people
Word of advice anon, don’t bag hold to zero

>>14672672
nailed it on the head. The guys shilling the next BTC are the equivalent of some saying silver is the better metal

>>14670641
Detailed answer on thecaseforbsv.com op.
E.g. early market entry etc

If Bitcoin is the king, then Pledgecamp is the queen now trading at nearly +600% on Binance DEX...

A good fucking start!

>>14672749
How does this even happen with BTC having this run???

>>14672672
nice

The darknet uses btc for trading. ETH and Monero are also used but btc is much more accessible. You can buy, sell, withdraw and deposit BTC with cash app.

>>14673082
how do penny stocks pop when Tesla and Amazon run? They just do.

>>14670641
there are no better coins
also
>tokens

Why do people still use eBay when there are dozens of better alternatives out there?
Why do people still use Windows when there are dozens of better alternatives out there?
Why do people still use Apple when there are dozens of better alternatives out there?

The answer to those 3 questions is very similar to yours, OP.

>>14670673
pretty sure Digibyte is actually the most decentralized coin.

>>14670673
https://bitnodes.earn.com/

Not really. Most of the nodes are in US and Germany.

>>14671043
>It's rather slow. Lightning solves this a bit.
>Kinda expensive at times. Again lightning.

Lightning is for small transactions only. It's barely doing anything for Bitcoin.

https://bitcoinvisuals.com/lightning

wtf, what happened to Lightning?

>>14670641
Because it suits the purposes of the Chinese government.

1000 BTC?? capacity after a year
adoption stalling even with this bull market

BITCOIN
BITCOIN
BITCOIN

fuck your little shitcoins

>>14670641
realized today that BTC is going to a million in 2021. I started thinking about it's trajectory 10X every 2 years. Probably stops or slows after $1mil though

>>14674664
People realized it sucks. Which is obvious if you read the whitepaper.

>>14674680
because of you dipshit. God I could teach you so much. stay dumb and poor though

>>14670641
nothing is objectively better bitcoin is the only one trustless permissionless publicly auditable ledger to date that is secure

Im actually thinking of hedging with BCH after this thread

>>14670641
Because it was the first. Same as space race. Everyone knows Gagarin and Armstrong. Those who came after are irrelevant.

>>14670641
Boomers and Normies think all tokens and everything crypto is running on the "Bitcoin Servers"

>>14671036
>There are still delusional altcoiners around
So how heavy are your bags?