/biz/ - Business & Finance

>>16623384
well he was right, it failed completely as money or way to achieve social change.
Instead it became a collectible with no purpose

>>16623712

> it failed completely as money

No, it did not. Define money.

>>16623745
Unit of account and a unit of exchange.
Total failure and no adoption beyond darknets/rc (stagnation since 2014), respectively.
https://nakamotoinstitute.org/mempool/hyperbitcoinization/
This was the original delusion, now it's clear it's a 0% probability event

just look at cmc, usdt has highest volume everyday now.

>>16623712
>>16623772
>speaks in absolutes
Idiot detected. 2014 was only 5 years ago, babby, and this dead project's dick seems to still be in your mouth (code for you're still talking about it not to mention the U.S. Government itself....).

>>16623712
>no purpose
sir the purpose is to make me, a neet, very rich.

>>16623944
>2014 was only 5 years ago
kek this level of cope

>>16623384
bitcoin is going to triple digits in 2020

>>16623962
By the time btc is high enough in price to make you “rich”, it’ll be so backlogged in the mempool that you won’t be able to sell before it crashes

>>16624391

lol

Maybe

>>16623384
BTC is shit though. It sucks as cash, it sucks as muh store of value. Its fucking geriatric tier slow and its also shit for daytrading/scalping. The only thing King Shitcorn is good for is longer term swing trading.

>>16623965
>t. can't zoom out

>>16624448
This. But desperate people still cope with the dream that it will go to $100 billion and they'll all be rich off some shit pile that can't get more than 3 tx/s

>>16623384
>BTC is the future of money!
In reality, the price action is driven by printing tether and using it to manipulate the BTC price.

>bitcoin should replace fiat money in less than 10 years or its a failure
>don't worry if fiat has been around like a century, good goy
>btc failed, goy

Reminder there's no next wave of fools to dump on, you're it
https://cointelegraph.com/news/number-of-americans-owning-crypto-doubled-in-2019-finder
>The number of Americans who own cryptocurrencies has almost doubled in 2019, from 7.95% in 2018 to 14.4%, according to a new survey by Finder.
Yet it's at $7k, why? Miners dumping - literally billions + early adopter.
There's no more money to sustain the ponzi.
>inb4 rest of the world
https://fee.org/articles/the-poorest-20-of-americans-are-richer-than-most-nations-of-europe/
yes China and India have several billionaires that are individually rich, but people there are extremely poor as whole. American wealth is the only one that matters in crypto.

>>16624516

no one has ever explained how this works.

>>16624701
ask the fed, tether just copied its homework.

>>16623745
Medium of commodity exchange.
Its not a bad thing. If btc was used as money the price would be likely lower.

>>16624699
Seems plausible. Especially when you compare usd/eur/gbp pairings on goybase. Interesting indicator of purchasing power of these federations.

>>16623712
just because you can't buy muh coffee with it doesn't mean it's not money.

>>16625385
Actually it kinda does.

>>16625684
idk why "digital gold" is an unacceptable way to understand bitcoin

>>16624701
Yes they have you fucktard you just choose to ignore evidence posted right in front of your face.
https://danco.substack.com/p/the-trillion-dollar-lawsuit-part

>>16623712
You can thank blockstream for all of that.

>>16623384
I honestly think Mike Hearn will comeback to Bitcoin (SV). The reason he left is because Corecucks ruin everything. He's a bit of a scammer though, because he knows R3 doesn't solve anything.

>>16624628
btc unironically did fail because it's development got taken over by contemporary banking interests.

>>16625248
>f btc was used as money the price would be likely lower.

Jesus Christ, man.

>>16625698
Because digital hodl is a shit usecase. Bitcoin is peer to peer electronic cash SYSTEM.

Mike Hearn is obviously based, he destroyed Creg's (not Satoshi's!) dream and now the latter is left with empty promises and a cock in his mouth

>>16624699
So don't buy it and fuck off. Like what do you even care how others spend their money?

>>16623384
Based Mike, I value what he did for Bitcoin. It turned out the consensus was against his position but such can be life. I hope he’s well

>>16623712
LOL NO HE WAS NOT ONLY WRONG HE SOLD AT LIKE 400
HE IS ALSO RESPONSIBLE FOR TRYING TO IMPLEMENT A BLACKLIST FOR COINS
HE IS 100% CIA
>>16625847
COPE
BITCOIN IS FASTER THAN CREDIT CARDS
BITCOIN IS EASIER THAN CREDIT CARDS
BITCOIN TRANSACTIONS ARE CHEAPER THAN CREDIT CARDS

COPE
O
P
E

HAL FINNEY PRICE PREDICTION
10 MILLION DOLLARS / EACH COIN


COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOPEEEEEEEEEEEEE NOCOINERS

>>16625248
You just described currency.

>>16623962

>>16626136
Based Hal

>>16626136
This

>>16626136
>BITCOIN IS FASTER THAN CREDIT CARDS
>BITCOIN IS EASIER THAN CREDIT CARDS
how exactly is this true

>>16626921
I dunno but it's in caps so it must be.

>>16624391
Nah. Bitman can't afford to spam the mempool to make bcash seem like a worthwhile option this time around.

>>16626136
>BITCOIN IS FASTER THAN CREDIT CARDS
>BITCOIN IS EASIER THAN CREDIT CARDS
>BITCOIN TRANSACTIONS ARE CHEAPER THAN CREDIT CARDS

Are we talking about Bitcoin or BTC?

>>16625850
Assblaster wrote blog posts about it. Look it up. More adoption = drop in the price. Applicable to any commodity or tech. Usd VS. Gold. Natural gas, oil vs. Platinum. PC/cellphone in 1970 VS. PC/cellphone now.

>>16626169
> t. Brainlet
Arguments next time

Just look at all the dumb niggers in the thread. Sure is gonna be comfy when alternatives of money will be gold or crypto because paper fiat will collapse worldwide. Im gonna laugh at you money changing kikes when I slam you into the oven.

>>16626136
you mean bank wire

bump for no reason lol

>>16623745
well it's gotta be useful first and foremost

>>16628897
>>16626921
>>16627894
no
I mean CREDIT CARDS
you're a merchant, and you just sold a product
the credit card will pay you at the end of the fucking month
that's a <30day transaction speed

bitcoin, you not only did a 30 cent transaction, you have the fucking money right fucking now

how is <10 minutes slower than <30 days
credit cards are the slowest fucking payment system in the world
might as well call them electronic tab system

>>16628897
a bank wire electronic transfer is expensive as fuck and runs on multiple COBOL ledgers that the banks use to this very day

the slowest fucking code of all time, you're lucky if you get your money in less than an hour

and it's still FIAT
and you better fucking pray they let you withdrawn it
and you better pray they have enough notes to print that shit

the top 10 cryptos will be worth 300 trillion on marketcap combined

it's over

>>16629382
You know what else is faster than credit cards? Cash. Yet people still use credit cards because they serve a distinct purpose.

>>16629406
dream on

>>16629406
Assuming they have a non zero value. Which based on their non existent adoption remains currently zero.
>inb4 you're too stupid to understand price vs value

>>16623772
I recently bought a shroom kit from a clearnet store paying with BTC, dunno what you're on about and the article is from 2016 anyway. BTC works as a currency and I made my purchase using profits from trading... REQ of all things lmao

It was probably the last $50 I made with that shitcoin, who's got rope