/biz/ - Business & Finance

>>16409315
Source?

>>16409315
>Muh BTC fork is the real BTC
You didn't get consensus, get over it. You can now use your meme big blocks freely. Good luck with that top fucking kek

>>16409315
>he doesn't know

>>16409328
Men's bathroom wall at an Oklahoma City Denny's

>>16409315
Bitcoin is going to 0. This was the scaling plan for bitcoin. THIS. We're still stuck at 7 tx per second for the foreseeable future.

I am shorting the fuck out of this garbage

>>16409315
Based and STIFF pilled

>>16409741
This.

>>16409858
You can send 5 digits worth of coin for a dollar fee. With jews you win

>>16409858
> use fiat until segwit 2x
> use fiat until lightning
> use fiat

This was the plan all along. To slow us down and end the p2p cash revolution.

>>16409889
The median bitcoin transaction has a value of around $200. Almost Nobody is sending around $50k.

>>16409315
wtf is this real? is everyone doing a system migration or something?

Buy BTC
Buy YAH

Lightning nodes takes fees away from miners. Blockstream (kikes) have full control over the Lightning network and ironically BTC core. In 20 years Block rewards will be so low, and lightning network will have full adoption that the kikes will have succeeded in taking over BTC.

>>16409980
Lul

>>16409980
And faggots will unironically defend it.

Who fucking needs merchant adoption anyway. You think normies are desperate to spend cryptocurrency at stores?

Non-normies already know how to spend crypto.

>>16409891
>p2p cash revolution
NANO exists

>>16409891
>To slow us down and end the p2p cash revolution.
LMAO. Normies don't give a shit about paying with crypto for groceries.

>>16409898
https://translate.google.com/translate?sl=auto&tl=en&u=https%3A%2F%2Fvc.ru%2Fcrypto%2F45461-vedomosti-rasskazali-o-rynke-kriptoobmennikov-v-moskve-tam-menyayut-milliony-rubley-nalichnymi-na-bitkoiny

>>16410075
Without the volume from small transactions, volatility increases, leading to the market being too unstable for transactions with large amounts of bitcoin. You can buy $100k bitcoin, then it drops 2-3$ and you lost a shit ton of money. You NEED the volume from the small transactions for liquidity.

>>16410084
>>16410084
Sorry 2-3%

>>16410084
Liquidity means a different thing altogether, it means the orderbook depth on exchanges. Guess which coin is the most liquid on the market.

There's just one scenario in which it makes sense to spend crypto for day-to-day purchases, if you're an investor who got lucky and got a excess stash of bitcoins that you can't/don't want to redeem in other ways.

The thing is, most normies are shitty investors. Why THE FUCK would they care to spend bitcoin at stores for damn groceries when they just bought it with fiat? No wonder that merchant adoption has been a weak selling point by far.

>>16410095
No millionaire is going to put his money into bitcoin until it's stable, dipshit. Last week it dropped 9%

>>16409980
BTC won't be around in 20 years.

>>16410136
It will probably never be stable then

>>16410120
>No wonder that merchant adoption has been a weak selling point

https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

That use to not be an issue. Thanks Corecucks! It's no matter. Even without BTC completely shitting the bed payments would have still been the low end usecase, at least at first. Transactions on SV are almost entirely push data and the rate of transactions onchain is growing exponentially.

By the time most normalfags are using Bitcoin for payments, it'll have been doing else in the background for years.

>>16410145
Not for a long time. Eventually it will once we get to the top of the adoption S-Curve. We've been setback like 5 years or more, but things are finally starting to take off.

>>16410164
>That use to not be an issue.
Yeah, it was not an issue in the early days of bitcoin when EVERY NECKBEARD WAS A MINER and produced his own bitcoins, why do you fail to understand that? These days are long gone. Every normie has to buy bitcoin with fiat first, why would he want to spend it on shitty groceries and coffee? He wouldn't because it makes no sense.

>>16410207
I spend crypto all the time. It's great, you often get discounts and I don't have to put credit card info up. It's simpler in general. Why the fuck wouldn't you spend it? It's not like you can't buy more.

Also that isn't what I was talking about. Merchants like Steam had to drop BTC because shit throughput and insanely high fees. No business can use BTC in any serious matter.

>>16410245
First, merchants take a mark-up on crypto (they have to) so that it costs slightly more than if you immediately sold crypto for fiat.

Second, only profitable investors are interested in spending crypto (maybe some cypherpunk nerds too). Spending crypto profits from their stack, to be precise. Most normies are not investors, not traders, in fact, they're absolutely terrible investors and traders and they've got no "crypto profits" to spend. So they have absolutely NO fucking reason to spend crypto on trivial daily purchases because they have no profit in the first place. It has zero value proposition.

Hodl and bypassing capital controls is unironically the main normie use case by far.

>>16410315
>merchants take a mark-up on crypto
Care to expand on that? Because the fees on Bitcoin SV are less than a penny. Credit cards are 3% markup.

Spending has nothing to do with profits. Again, just spend and buy more. There's no logic in what you're saying and taken to its logical conclusion you shouldn't spend fiat unless its to buy more hodl coins with your magical crypto friends.

>>16410337
>Care to expand on that?
Merchants have to convert crypto to fiat (or even do in on the fly). As a result, they charge you payment processor fees, or a markup to hedge against immediate volatility. In the end, it's the same as with Visa or more.

>Spending has nothing to do with profits. Again, just spend and buy more.
This approach is for nerds, not normies. Normies couldn't care less about crypto for the sake of crypto.

Stfu fags

>>16410457
Bitpay charges 1% fee, so no. People who accept it directly aren't covering anything. If they must cover for fiat they'll use a payment processor like Bitpay. Cheaper, faster, more secure and easier than entering credit card info. It's optimal.

Still I'll give it to you that most people in crypto don't use it. Many have probably never even used a wallet, maybe even most. They just keep it on an exchange. Luckily these idiots were never going to drive the tech forward anyway. As I said earlier, the bulk of transactions will probably always be push data. Bitcoin will be running things in people's lives before they ever use it directly themselves.

>>16410045
NANO is not secure and centralized

The fact that lightning, segwit and core are shit doesn't suddenly make an altcoin by a known and proven scammer the real btc.
Stop with these non sequitors aimed at sub 90 iq retards. This is just not the venue for that, you're wasting your shilling budget.

>>16409315
lapps communicate between chains lmao
it's over for the banking system

Btc is officially store of value. Something needs to drive the blockchain revolution, no other better way than bitcoin.