/biz/ - Business & Finance

>>16431748
Kys Greg bsv is Bitcoin your friend is much smarter than you

Your friend is unironically right and you're a bitch

BSV is the future

>>16431766
>>16431774
wow the shills came quick

you think satoshi wanted a chain that would be so large only states or mega corporations could store it? perhaps the purpose of the block size is spam weather info on the chain - wonder why it was not in white paper

also for a fact i remember seeing evidence of craig backdating and editing blog posts

anons help me out here

>mfw when reading these shill posts

>>16431806

>Everyone who disagrees with me is a shill!

From Satoshi himself:

"There is only one global chain.

The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size.

By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions."

>>16431834
you opened with bitch, not sure how you expected to be considered anything other than a shill
furthermore the meme image is non-responsive; there is nothing there except bs. Surely you are able to identify buzzword laced technobabble marketing? Please elaborate on it fren, as well as the ways it would cope with extreme size. Surely Satoshi envisioned only state actors and mega corporations as his ideal torch bearers.

why doesn't he just sign? Tulip trust? Shamir scheme? Please anon, Occams razor, he cannot

>>16431748
HDD's can't write a terabyte every 10 minutes

you'll need something like https://www.amazon.com/BLACK-SN750-250GB-Internal-Gaming/dp/B07M64QXMN/?tag=edit-tech-round-up-20&ascsubtag=f8e506d7-62b0-4cd2-8ec1-12004a0463fa and you'll need one every 10 minutes

144 blocks a day x 365 days = 52,560 x $220.00 = $11,563,200.00 a year

>inb4 "imagine not reading the whitepaper after having 10 years to do so and still thinking nodes are different than miners"

https://youtu.be/fNk7nYxTOyQ

>>16431948
https://www.courtlistener.com/docket/6309656/303/kleiman-v-wright/

ALGO is a way better buy right now after their update.
>DEXs, DeFi, Security Tokens, NFTs, Kitties, Real Estate, Accredited STOs, Single tx Atomic swaps, Single tx multi swaps (cryptography breakthroughs) all on Algorand 2.0 at Layer-1 alongwith Smart contracts.

>>16431935

Man you're just gonna have to learn for yourself, all you're doing is parroting what other people have said

>Surely Satoshi envisioned only state actors and mega corporations as his ideal torch bearers.

You're a socialist, grow up

>>16431748
your friend did deeper research and you just read some upboated reddit threads about MUH SATOSHI FAKED THIS FAKED THAT. everything is constructed in a way to keep sheep like yourself OUT - and that's a good thing

>>16431748
>I consider to be very intelligent
Probably the only real thing you wrote in your entire post. Maybe you should listen to him?
>>16431806
Okay, now I'm sure he must be smarter than you. You have a leg up on all the other sub 120 IQ brainlets on this board by actually having a smart friend who can think for himself and you will probably still waste such a valuable resource lmao
>>16431948
>>16431958
Imagine thinking reheated pseudoargumenhts like this would convince someone who understands BSV at this stage. Absolute brainlet.

>>16431948
>>16431958
appreciate the posts, video was great watch

>>16431991
>accuses parroting, follows by parroting
lacking self awareness much? please explain anon, respond with something other than ad hominem

>>16432045
show me the depth of this research. so far just insults from plebs

>>16431995
really bro? that image is indicative of just what level of shill you are. What part of restoring original protocol involves forking from bch? pleb tier

>>16432080
>show me the depth of this research. so far just insults from plebs
Yes, that's right. Nothing to see here. Definitely don't ask your friend in good faith what he has discovered. Definitely don't dig through the BSV threads on warosu. And definitely DO uncritically believe every transparent smear against CSW.
The fact that you even think it is anyone's job to convince you does not bode well for your ability to ultimately understand what is going on.

>>16432120
why is it so hard for you to explain rather than insult? is it because you are a shill?
you dont respond to >>16431948 or >>16431958 instead dismissing them as re heated. why dont you cool them down by actually replying
the burden proof remains on you. this new meme image in your last post shows nothing except that you should go back

>>16432152
>why is it so hard for you to explain rather than insult?

>Gas
yes

BSV fags are drama queens, so he probably likes soap opera

https://bitcoinmagazine.com/articles/op-ed-how-many-wrongs-make-wright

>>16431748
your friend is a genius

>>16431748
Tell us about your friend's mental or emotional makeup, his temperament. Why do you think he latched on to BSV of all things?

>>16432152

>why is it so hard for you to explain rather than insult?

Because you obviously have a bad case of Creg Derangement Syndrome to begin with and this is a bad faith thread

>>16431958

Not even sure what the question is here

>>16431948

Yet another stale pasta Gregpost with no real substance or real world metrics accounted for. Miners that have the smallest write time will gain an edge over their competitors. The process of block propagation is not just pushing the block out but reconstructing the data as efficiently as possible so they can build on top of it. This is how Bitcoin scales, by miners trying to find an edge over one another. This is why there will be mining facilities in every major city processing millions of dollars a day in transactions. Armies will protect these mining facilities. That's decentralized.

>Anons this is someone I consider to be very intelligent but seemingly only pulling info from a BSV echo chamber.

This is what paradigm shifts look like. A small group of contrarians, capitalizing on information that noone else has or is unwilling to appreciate. When you least expect it, they pounce hard and you get left holding yesterday's bags

>>16432219
Earth, this is my vote

>>16432318
Unfortunately not ideal- there was a rocky end to a long term relationship recently but not sure it is relevant. Previously his focus was ETH and MKR both of which he was very early on and I would consider good calls

>>16432323
>>16432371
you opened with calling me a bitch and then precede to act like one. Address the topic as if you were talking to someone whom you respect. Please elaborate as you have promised to do since your first post. Lol fictional armies defending your mining node centers and I need to grow up tell me friend are nodes miners or not? also please stop co-opting perfectly good trump memes. You are deranged, no one else. Other than your lack luster replies there is no bad faith in thread.

>>16432397
>>16432219
anon you ok

>>16431748
Your friend is going to be a multimillionaire.

>>16431748
We heard a lot of stories about ppl telling their friends to buy scams, take out loans, sell house to buy another scams, because friends told them.
Now look at this guy tellin his friend to do the opposite, and sell his possition, because he thinks his friend bought a scam :DDD
TOP KEK
man, don't interfere to other man busniness, it's his money, it's his investment, never offer any investment suggestion to your close friend, you will end up guilty for their loses. Never do that, no matter how much you care about them. Just leave it.

>>16431806
It's amazing how you idiots still don't understand the importance of microtransaction and doing w/e the fuck you want in the new economic system called Bitcoin. Absolutely incredible.

You will be enjoying poverty.

>>16432491
>>16432521
always insults and no substance. please elaborate fren - what part of micro transactions are clogging giant blocks with centralized weather data feed? What exactly am i missing that will leave me poverty?

>>16432495
Yep

I understand people having a problem with craig but theyr just stupid sheeps when they hate bsv. Go buy dentacoin guys lmao

>>16432495
I did not see the irony, that is funny. Insightful on how it is better to let him make his own decisions - be advised that his is a friend I've had for over a decade and we tend to bounce ideas off each other.

>>16432595
You consider BSV independent from Craig? please explain this reasoning

>>16432608

>You consider BSV independent from Craig? please explain this reasoning

He doesn't know

>>16432644

>it's just Creg spamming the blocks, noone is actually using BSV

OP if you actually want to understand what's going on with BSV read this paper:

www.mdpi.com/1999-5903/11/8/170/pdf&ved=2ahUKEwi1kJW2sJXmAhUmwFkKHYFaDxwQFjAAegQIAxAB&usg=AOvVaw3AdW2SBehKLKt6wnHdrZ4W

>>16432608
Friend for a decade...
Are you his financial adviser?
Why is your belief, bsv is a scam, darken your mind so hard you have to spread your message to ppl around you?
You sound like those vegans, preaching their ways of eating....
Stop playing this stupid btc vs bch vs bsv game. It's a banter game on forums, stop taking it seriously.
Go read again why this whole shit is happening.
Show me what developments did btc team put out this year?
Now look at bsv side.
Stop reading fairy stories, look up facts.

>>16431748
Is your friend called Calvin Ayre? lol

He's propped up BSV with $100 mil so far and is still desperately trying to hold things together. Hilarious waste of space. He could've just HODL'd BTC all this time and he would've made a tidy profit. I bet he really hates Creg but doesn't understand the concept of sunk cost fallacies.

Yep, this drama is not about BSV, it's about conman Creg. BSV is just Calvin's side hustle.

>>16432560
>What exactly am i missing that will leave me poverty?
The trees for the forest. You're butthurt because ONE fucking app does more transactions than most every coin on the market sometimes more than btc. One app that is mostly curiosity. Lmao businesses haven't even begun to sink their teeth into this disruptive tech because before SV there was never a promise or stability and scale. 2020 is going to BTFO all doubters.

Hodling is a joke of a use case, creates no wealth and solves no problems.

>inb4 capital flight/store of value

Worthless if the network is a pile of shit with no economic activity.

>>16432933
BSV was created mostly to improve Calvin Ayre's reputation as he admitted himself, not for actual adoption

>>16432967
Ok, boomer.

>>16432933

Exactly, there are going to be thousands of use cases for big blocks discovered over the next couple years

BTC is literally useless

>>16432899
>>16432967

>>16432231
>>16432303
thank you anon link was great read and contained sources for claims, much appreciated

>>16432697
>>16432644
>>16432661
>>16432998
your link does not work. furthermore your posts are never actually responsive! What exactly do I not know? now Craig does not matter? Keep using buzz words and trying to meme tho you really improve the quality of this thread

>>16432933
nice dubs, shameful post.so far you insulted me in your first post and insinuated some greater meaning behind a claim of micro transactions. When asked to elaborate you tell me I am butt hurt and that the potential is about to be unleashed. please specify how sv will solve! seems centralized, lacking utility
and fronted by a charlatan patent troll. show me otherwise

>>16433198

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.mdpi.com/1999-5903/11/8/170/pdf&ved=2ahUKEwi1kJW2sJXmAhUmwFkKHYFaDxwQFjAAegQIAxAB&usg=AOvVaw3AdW2SBehKLKt6wnHdrZ4W

>>16432736
m8 you are making an awful lot of assumptions
he asked me for my perspective - I do not want to provide my friend unsubstantiated feels but verifiable facts.

will read up on developments but what I see from BSV is hot air and marketing rather than actual work. Cursory review of nchains patent holdings showed me they are garbage- no concept of public use at all. hilarious

>>16433198
>NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
>YOU CAN'T JUST INSULT PEOPLE THIS IS 4CHAN

I'm so glad people like you will never make it to the citadel. You managed to stumble across 4chan and yet aren't autistic enough to understand Bitcoin.

>>16433248

>>16433248
will read, tell me about it

>>16433288
dude gets called out on just insulting instead of proving his position and you white knight for the guy? then a high iq vague reference to understanding something that you are unable to articulate or illustrate. please, prove you are not a shill and actually say something with substance

>>16433350
This post >>16432933
Lays it out pretty clearly. If you don't understand it, that's you're problem.

>>16433350

It's probably the most comprehensive overview when it comes to the actual technical merits of big blocks and BSV as bitcoin, authored by one of the most esteemed cryptographers of our time

Forget the noise and the CSW rabble. This is what's actually happening

>>16433417
Dude, that paper is by some Greek autist... Your pic related only wrote a short section on identity

>>16433432

Nope

>>16433453
Open the actual paper, he authored a short section on identity, the paper itself is written by some autist Greek

>>16433472

You're more or less right actually, doesn't take away from the substance of the paper one bit

>>16433522
Yep, I've looked into BSV and I'm not THAT impressed. Not everything about it sucks, but it's not that out-of-ordinary either. And the drama is definitely cringe.

>>16433588
>I'm not THAT impressed
Well considering the tech has existed for 10 years... We're not in BSV because we're impressed. We were impressed 10 years ago. We're only excited because we haven't had real fucking Bitcoin in like five years or more.

>>16433588

>but it's not that out-of-ordinary either.

Besides the fact that they're doing the complete opposite of the rest of the industry and actively taunting scammy exchanges into delisting and dissociating themselves from them, yep nothing to see here folks move along

People forget that proof of work was the recent innovation that made crypto work.

Proof of stake has been tried before with color coins from the 90s and early 2000s and all that crap can be manipulated through tax economics. Proof of work is like staking electricity a real, physical product.

Before we continue please keep in mind that global elites from all countries meet yearly. Although you might think it's china vs US vs Russia, it is actually a coordinated fasaad. The rich elite of the world like their status and are thus incentive to keep down the wage slaves of the world.

When bitcoin was new and shinny to the world it was really fucking scary to those in power. They had no idea were it came from. They did not know it was made by a computer forensic expert that was tired of seeing high level corruption.

With that said Blockstream took over the after satoshi went ghost. They pushed a bunch of contreverial PIPs, that took power from the miners even against majority votes.This is because they had an agenda and with unlimited funding in advertisement and news they managed to get everyone who is NOT a miner to get on board (ie all the price action tards). The bitcoin core protocol has long been altered taking control away from those mining and securing the network so that MINERS ARE NOT IN CONTROL.

They went on to push more changes with their massive PR campaigns and eventually managed to restrict the block size. In this case the majority does not win. By restricting blocks sizes they crippled the network to very low tx/s therefore taking bitcoin out as a major competitor to visa, western union ect. By blocking the stream, Blockstream managed to halt bitcoins performance to be unusable as an everyday payment network. Their agenda worked and thus made their proprietary payment channel more lucrative as a solution to scale the broken protocol. Payment channels like LN also allow funds to be seized, frozen garnished to allow for regulations ect.

I have always opposed this blockstream tards. I personally believe that it is idiotic to use a ledger like bitcoin, to not use it by using second layer solutions like LN. LN is basically a smart contract, which in my opinion should only be used to automate or expand the functionality of the secure protocol ledger. A smart contract should NEVER BE used to scale the core protocol of any blockchain as it provides massive security gaps in the stores of proofs by potentially not tying them to electricity consumtion.

The security behind the core layer is key. Proof of work is the recent innovation being destroyed.

Satoshi himself early on knew big blocks will eventually happen at scale and actually wrote how he proposed to have varying block sizes set by the miners themselves. He wrote how eventually nodes could start charging fees to allow the node operators to profit from storing the blockchain. This IS KEY.

Let my miners choose how big the blocks go.

Let my nodes receive tx fees and thus be rewarded for the hardware and electrical expenses.

We pray to kek

kek

You should listen to your friend instead of feeding your biased brain virus.

>>16433805
>>16433828
>>16433853

Good post

>>16432120
>Definitely don't dig through the BSV threads on warosu

So we don't find things like this?

>Anonymous Mon Apr 17 21:19:32 2017 No.1965771 [View]
>Craig Wright is a liar and con man.

>"For cryptographic proof in my presence, Craig signed and verified a message using the private key from block #1 newly-generated coins and from block #9 newly-generated coins (the first transaction to Hal Finney)." The Bitcoin Core project released a statement on Twitter saying "There is currently no publicly available cryptographic proof that anyone in particular is bitcoin's creator."[57][better source needed] Bitcoin developer Jeff Garzik agreed that evidence provided by Wright does not prove anything, and security researcher Dan Kaminsky in his blog concluded Wright's claim was a scam.[4] Jordan Pearson and Lorenzo Franceschi-Bicchierai said that "Wright simply reused an old signature from a bitcoin transaction performed in 2009 by Satoshi.

>>16434914
>Mmmkay, now explain how he signed for Gavin and convinced Ian
http://financialcryptography.com/mt/archives/001593.html
Also, explain the whole Kleiman affair.

>>16433805
>>16433828
You are the real MVP for keeping track of this sordid history, anon.

BTC will colapse at the nest halving .
It will starve (no TX no fees for miners> no miners no Hashpower no hashpower>no stable protocol security>)
You've been warned ₿itCoin will rise from the ashes.

>>16433198
https://www.mdpi.com/1999-5903/11/8/170 just read the URL brainlet

>>16431748
Really better to pull him out in there and change to something else like PLG and some other cheaper ones.

>>16435166
B & R

>>16435114
and just why would I be bothered to humor your delusions? instead of refuting what I posted, you post 2 more, completely different arguments, and a link to a website that looks like it's run by a cult. if you want to convince people that you're a lunatic, you're doing a great job.