/biz/ - Business & Finance

>>16181309
Both BTC and BSV use SHA-256 retard, BTC miners could switch over to BSV in an instant.
Once the Tulip Trust is released, the sudden quick massive downwards spike will send BTC bagholders into a suicidal frenzy.

>>16181320
>Once the Tulip Trust is released
The absolute state...

>>16181320
>BTC miners could switch over to BSV in an instant.
and would instantly tank the miner profitability. it would literally have to go up 100x in price for it to stay competitive with BTC

>>16181331
Precedent for this already exists by the way, if it wasn't for the Tether scam (everyone behind it is going to jail 2020 EOY) fuelling BTC's growth artificially and illegally, Craig-era BCH would have flipped BTC's hashrate permanently.

>>16181348
CSW is going to dump 1 million BTC from the Tulip Trust onto the market all at once next year, BTC will be worth <$1 in an instant.

>>16181320
Even if Satoshi has 1M coins and csw would be satoshi(he is not) , he would only have about 7% of crypto in circulation.

So that's all , a 10% dump at worse meanwhile btc has on the average 1btc in fees per block + mining reward.

>>16181331
He's been found out.

>>16181363
of course... and pink unicorns will fall from the sky

>>16181350
or maybe it has to do with the fees in the block increasing the mining income massively.

>>16181350
no it wouldn't have

>>16181367
>dumping 7% of the whole supply will drop the price be a mere 10%
listen anon
I don't own any BSV, more than half of my crypto stack is BTC (core)
but you're dumb

>>16181350
Actually the BSV community absolutely loves Tether, that's why they begged FloatSV to add it as the main trading pair

>>16181387
of course not , the only reason this forks have not been 51% attacked is because it let's miner put old hardware to work or sell it.

They gain nothing by 51% attacking them , but as btc hashrate grows eventually even a small group of miners could 51% attack them and fucking them up.

>>16181363
>a low-IQ anime avatar idiot who gets constantly BTFO in other threads keeps peddling his unicorn nonsense

>>16181393
I am not , the panick that that would cause would also increase block rewards as the network bottlenecks making the hashrate increase even more , plus selling all coins at once would be basically gifting them to the market a market that adds 17m usd per day in new fiat entering.

BTC will be fine even in the worse case scenario , thanksfully for us faketoshi is irrelevant and is bullshiting.

>>16181408
>thanksfully for us faketoshi is irrelevant and is bullshiting.
I don't disagree there
but theoretically, someone dumping 1 million BTC, would be catastrophic (to the price, the network will be fine), at least short-mid term. You can't deny that. That's how recessions/depressions happen, someone just wakes up one morning and sells. A lot.

Again, the likelihood of csw having more than 10 bitcoins is the same likelihood of me ever finding a qt gf, but you can't go around making stuff up (even if inconsequential) on anonymous imageboards. We are the arbiters of truth after all.

>>16181438
The thing is that if they dump it all at once it won't be catastrophic because the market will devour them all.

If it's an everyday thing sellling x ammount yes it will be bad long term.

But then again it changes nothing , you simply move to litecoin since all that shit did was increasing the inflation for 2 years.

Also remember that 4m-5m btc are lost so the inflation is already bellow what was expected.

>>16181320
>>16181363
Craig is an autistic child and Tulip Trust is his secret superpower that he's going to use on all the people who bully him if they don't stop

>>16181309

Most miners can afford to be political in the age of block subsidies. Once the halvening hits, most miners will be wiped out, leaving only the private farms with specialized/proprietary machines

>>16181485
A good theory but that it's proven wrong ,in sha256 it's impossible , the battle between asic manufacturers is accelerating to the point that bitmain is releasing new asics every 3 months.

On scrypt mining it's happening as you say and it's backfiring terribly , becasue the miners without the proprietary machines are forced to sell everything they mine so the price and the hashrate is collapsing so eventually they will be forced to sell that proprietary machines in scrypt.

>>16181521

Your entire argument is being framed through the small block paradigm. Bitmain will fail because their machines won't actually help with anything beyond sha256 hashing. Especially not block propagation or Merkel construction

>>16181544
>the small block paradigm
it's winning m8 i used to be blind too i thought it was either incompetence or cowardice but no small blocks are economically sound.

>>16181309
You aren't immunised against malaria, Dinesh.

>>16181309
I've been trolling tf out of this place shilling bsv kek. it's gotten out of hand

>>16181845

We haven't even seen real big blocks yet. Don't jump the gun

>>16182052
yeah if gigabyte blocks actually prove workable for a reasonable period of time (which is very highly doubt) then it becomes a valid alternative scaling philosophy. until that it's a garbage dump on fire.

>>16182086
we call those dumpster fires my dear esl friend

>>16182086
but even with gigabyte blocks it would still need a hashrate and price flip of course to stay alive. which frankly has less chance than earth getting rekt by an other giant asteroid by that time.

>>16182091
it's burning garbage in the end. different scale.

>>16181367
>So that's all , a 10% dump at worse meanwhile btc has on the average 1btc in fees per block + mining reward.


That's not how liquidity works anon

I wish they'd just have increased the block size and we'd been comfily laughing at ethereum

>>16182212
it doesn't work yes you can increase it sure when there is real economic pressure for it that is here to stay.