/biz/ - Business & Finance

>>16368631
Finally this Bitcoin experiment/scam can end. It has been overdue since even before 2012. Like a joke that has one too many punchlines. Now that the dust has settled, what's the next scam we'll be early into?

Unfortunately, it's over.

>>16368646
Have to agree. Bitcoin failed to scale. Tried some shitty patch work ideas like lightning and liquid, floundered for years, and had several mini-civil wars over the fucking block size. Bitcoin has no future in its current state. High fees, slow, stupid and run by morons

>>16368631
christ i should've fucking sold above $700...

it's fucking over isn't it?

>>16368646
>>16368671
Let it die in peace frens. It had a good run. And made a lot of people very rich. Anybody down realize it’s over, better to cut loses. I’m going back to /x/ and /fit/

>>16368631
>>16368646
>>16368656
>>16368671
Tell me your definition of money. Any kind of moneys

>>16368701
Nobody cares cuck

Do you not get that if bitcoin were as awesome as you faggots say it would be used everywhere by now? It's a joke. It doesn't fucking work.

>>16368671
Have to agree. Internet failed to scale. Tried some shitty patch work ideas like electronic mail and HTML, floundered for years, and had several mini-civil wars over the fucking bandwidth. Internet has no future in its current state. High fees, slow, stupid and run by morons

>>16368818
Jesus christ the level of bobo BTFO on this post

>>16368818
The internet ONLY GREW between its inception and now. Bitcoin has not. Bitcoin is actually doing FEWER transactions than it did 2 years ago. Wow dude bitcoin is the internet herp derp derpity derp

Fuck off retard

>>16368818
>>16368845
Bearfag absolutely ASSBLASTED mad now holy shit

>>16368854
It's funny because the internet scales amazingly well when bitcoin can't scale beyond 300k transactions per day.

>>16368845
Computers ONLY GREW between their inception and now. Internet has not. Internet is actually doing FEWER requests than it did 2 years ago. Wow dude internet is mainframes herp derp derpity derp

Fuck off retard

>>16368867
It's funny because the computers scale amazingly well when internet can't scale beyond 300k transactions per day.

>>16368845
>>16368884
>>16368867
>>16368901
STOP I CAN'T TAKE IT
THE BULL TOO STRONG

>>16368631
>I could’ve bought Bitcoin for $46

I’ll never make the mistake of sitting on the sidelines again.

>>16368867
Nothing wrong with being technical. But take a look at different aspects

>>16368915
>>16368884
>>16368901

No arguments found.

>>16368867
Fucking kek this thread

>>16368701
>Tell me your definition of money.

dollar

>>16368915

what's this furry porn on my /biz/ ??

do you have more???

>>16368968
The argument is obviously that the internet was also unwieldy and slow at first. Slow in bandwidth and slow to adoption. Actual almost-boomer here, I remember the time when people were shitting all over the internet and how it would never replace the BBS phone line communications that dominated for years. Can you actually believe there were people who really thought that the world would never need more than 900 baud because at the time translated into lines of ASCII text scrolling on a terminal, that is human natural reading speed? They were just as myopic as you

>>16369060
The internet PROTOCOL was still fine. The bitcoin protocol is garbage. You are talking about totally different things. Hardware vs software

You keep talking about some bullshit future bitcoin upgrade that doesn't exist because nobody is planning it. The solution for bitcoin was lightning. That was it. Fucking lightning.

>>16369073
The ethernet PROTOCOL was still fine. The internet html is garbage. You are talking about totally different things. Hardware routing vs software hypertext

You keep talking about some bullshit future internet upgrade that doesn't exist because nobody is planning it. The solution for internet was a "browser". That was it. Fucking netscape.

>>16369060
no more, i cant handle the redpill

>>16369134
No arguments found. Where's the bitcoin upgrade? it doesn't exist because the devs have strangled the protocol.

Please kill yourself off the planet

>>16369139
>Please kill yourself off the planet
Finally bobo reduced to degenerate irrational heap

>>16369139
No arguments found. Where's the internet upgrade? it doesn't exist because the devs have strangled the protocol.

Please find help I care about you

>>16369134
The upgrade doesn't exist, not because it's not possible for it to exist, but because the developers explicitly refused.

>>16369164
kek, You have no clue what you're talking about and yet you think you're clever by repeating what I say.

IPv4 was established in 1983 and still routs a majority of the internet traffic. Bitcoin's software could rout 10x+ more traffic by incrementing a single variable in its software but the devs refuse.

Sorry bro. But you're coping wildly. You have no perspective on bitcoin's development history but speak about some vague future upgrade. The upgrade to scale bitcoin is here already. It's called lightning. Pic related

>>16369186
kek, You have no clue what you're talking about and yet you think you're clever by repeating what I say.

Mainframes were established in the 1950s and still route a majority of the electronic transfers. Token ring software could rout 10x+ more traffic by incrementing a single variable in its modems but the devs refuse.

Sorry bro. But you're coping wildly. You have no perspective on internet's development history but speak about some vague future upgrade. The upgrade to scale internet is here already. It's called hypertext. Pic related

>>16369186
Why devs refuse?

>>16369261
Their plan (because blockstream is a business) was to route traffic off bitcoin to sidechains owned by blockstream. They would take a %. These sidechains are currently liquid and lightning network.

Sadly, this whole plan failed miserably because lightning is a cavalcade of stupidity. Liquid failed so bad I've never seen anyone mention it. Lightning is almost ignored entirely. The future of bitcoin is now vague promises and dreams about lambos and billionaires buying up all the bitcoin for some reason

>>16369186
You do realize lightning is still in experimental stages right? You also do realize that one day that stage will be over? Will you eat your dick or continue to think Bitcoin is dead?

>>16369430
It's dead, jim

>>16369261
Security of the system which is far more important than transactions per second.

>>16368631

>it's different this time, I SWEAR!

ok buddy

> they don't know about Universal Protocol yet

>>16369430
I got into Bitcoin in 2013, people were talking about lightning even way back then. It’s almost 2020 and it’s still “experimental”, maybe it just doesn’t fucking work.

>>16368818
>>16368884
> I don't have an argument so I'll just make false equivalencies to something completely different.

>>16370408
enjoy being poor faggot
instead of just copy pasting what you've read try the fucking tech. it works pretty damn well for all the shit it gets