/biz/ - Business & Finance

>>16643806
>big blocks dont work
>works

>>16643806
BSV convinced me that there is an attack on p2p cash after BTC was defanged.
> glowagent 1: how do we disempower p2p cash and satoshi's image all at once?
> glowagent 2: Lets fork from the p2p cash project with an insane alcoholic liar
> glowagent 1: Fucking perfect

>>16643806
bsv kids are such pathetic losers
go worship csw somewhere else

>>16643806

the massive ongoing FUD campaign against BSV

I had my doubts, but the constant onslaught of copy-pasted pajeet shilling ultimately won me over.

>>16643824
the only problem is it's not bitcoin so we don't know how bitcoin would function over time under similar block size, the adoption is different the demand is different the network size is different.

but certainly this is the best argument sv has for it going: it's still around.

>>16643884
For me it was this massive shilling campaign that convinced me it's a pajeet shilled scam

>>16643910
>>16643959
kek

>>16643910
>>16644008
It's not pajeets this time. It's that german idiot petty and his retarded creg worshiping "employees". He completely destroyed his reputation on twitter and now hes so desperate he is shilling on this anonymous basket weaving forum.

>>16643806
the whitepaper and the idea of it being more than just cash
it's btc+eth rolled into one with the unique feature of massive scaling, these doubters itt will be bagrupt in a year or fomoing in after it's gone 10x

>>16643933
if you think bigger blocks would cause issues on a literal world money network while downloading multiple MB of data per second while watching Fortnite on youtube, on a consumer internet connection, then i have a bridge to sell you

>>16643806
Damage to decentralization
Larger blocks make full nodes more expensive to operate.
Therefore, larger blocks lead to less hashers running full nodes, which leads to centralized entities having more power, which makes Bitcoin require more trust, which weakens Bitcoins value proposition.
Bitcoin is only useful if it is decentralized because centralization requires trust. Bitcoins value proposition is trustlessness.
The larger the hash-rate a single miner controls, the more centralized Bitcoin becomes and the more trust using Bitcoin requires.
Running your own full node while mining rather than giving another entity the right to your hash-power decreases the hash-rate of large miners. Those who have hash-power are able to control their own hash power if and only if they run a full node.
Less individuals who control hash-power will run full nodes if running one becomes more expensive

Gradual and adjustable block size over time is the answer. Having no block size limit at all and big blocks like BSV has (2 gb) is not the way to go today. Bitcoin was given a 1 MB block size limit to deter spam attacks on chain. The reality is Bitcoin has increased in fiat value, but nothing has changed as far as what it does. Same Bitcoin it is now as it was in 2010, but different developers are managing it.

>>16643806
I like money.

>>16645087
i'm just saying the more centralized a system the easier it is to scale it. a completely centralized system composed of an rdbms scales pretty much a few billion times faster than how demand grows.

>>16643806
The god-tier marketing. Not only does it ride on the Bitcoin brandname, but to advertise itself as Satoshi's original vision, with Satoshi himself behind it? Fucking genius

>>16645154
>Damage to decentralization

>>16643806
For me, it was Gavin.

>>16645555
too bad craig spat in his face just like he did to roger

>>16643806
BSV has always been the endgame and planned since before 2009, so I never needed convincing.

>>16643884
Hope you're not talking about biz. Because the moment you pajeet shills shut the fuck up about it it will be gone and forgotten by biz.

Nobody cares. Pack it up.

>>16645600
how?

(in b4 no reply)

>>16643884
this. The more they push, the more I buy. Same shit with Trump. These anti-BSV faggots are just NPCs..

>>16645772
>nobody cares. pack it up.
Anon if this was the case you wouldn't have posted your pajeet nonsense.
>imagine not realizing its a bunch of white anons LARPing as pajeets who were buying BSV all along while fudding it with a pajeet campaign

>>16643806
Craig, cz delisted, and scaling.

The nail in the coffin unironically was clown world Satoshi news broadcast on Aussie news

>>16646078
gavins greatest accomplishment was p2sh

>>16646638
ah, yeah that's true.

also i remember him being a little disrespectful towards him back when he had twitter though of course those tweets are all gone now due to twitter's censorship

i'm convinced that on chain scaling is probably the way to go but I don't see how bsv will win a hash war against entrenched btc interests who have every incentive to remove the blocksize limit if it will keep them competitive.

>>16646893
Why does nobody respond when i say this?

>>16646893

I mean, it's never going to happen and even if it did it's way too late in the game.

>entrenched btc interests who have every incentive to remove the blocksize limit

Don't you remember s2x?

>>16643806
Frankly I used to think all of this was utter nonsense. Then one day I couldn't help but notice something very STIFF was coursing through me. I had no choice but to convert all of my holdings to 100% BSV. I can't even say it was my own choice, rather it was some extraterrestrial force possessing my body.

>>16646893
>>16647033
How long have you been following the scaling debate? Do you realize what an elaborate framework of bullshit justifications the core faithful have constructed to convince themselves they are on the right (small block) path?
If core raises the limit all of a sudden due to obvious competitive pressure it will be the end of their credibility among their cult-like following. Hence, they won't do it.

>>16647064
Unironically had the same feeling. May have been divine

>>16646893
If enough nodes connect and miners move to BSV, the large block size will begin to grow closer to being full. BSV with a big block size can permit large scale mining farms to grow even bigger. Each country can agree to fund and create their own mining farms. It's inevitable that society is going to be cashless. BTC can't scale and Blockstream refuses to lift the block size limit. In 2010 it was necessary to have a small block size. Today, it is not.

>>16646893
Blockstream has a private solution to scaling. It may literally freeze in hell before BTC raises the blocksize.
Source: I've been saying and thinking this since 2017 and nothing has changed since.

>>16647056
but at the time of s2x blocks weren't often full, and there weren't a lot of big projects (because of the blocksize restriction), right? as preparation for the future it made sense, but full blocks weren't a huge practical issue until a few times around the original fork and then dec 2017. now that there is a chain with big blocks and projects with legitimate data to fill them the nature of the competition is totally different.

>>16647080
it's hard for me to imagine they are actually that stupid

By February 2020 we will be pushing 1GB of OP_PUSHDATA4 transactions every 20 minutes (currently around $2700 an hour). Let us start the bid at 5 sats/byte for our exclusive business.

>>16647454
It's not a question of what you believe is and is not stupid from an edgy cypherpunk fantasy perspective, it is a matter of what makes sense to the lawyer administering the trust and what is customary under the current law.

Utility always wins.

Numbers don't lie.

>>16647479
What? I was talking about btc core devs and people with a stake in btc willingly staying with the less competitive scaling option to save face. If they do that, it would be stupid. Maybe they are that stupid, but it's very hard to believe that they would intentionally blow their network user and hashrate advantage that fucking hard. What's this have to do with a lawyer administering a trust?

Daniel Krawisz and all the other 200iq people that are in BSV.

>>16649170
Yes
I see now
thanks bought 100k

>>16647928
>the biggest asshole in fantasy history would be in sv
go figure

>>16643806

When I first saw CSW's talk in 2017 where he dropped all this next level stuff about Bitcoin that nobody else was talking about. Particularly about how Bitcoin was a small world network.

Then, during the hash war, ABC seemed to be going a cursed route of checkpoints and anarchist crap.

>>16650089
same. after watching that video i went down the rabbit hole

>>16649217
Watch it
https://www.youtube.com/watch?v=2765PgtHkVk

>>16650101
>ask BSV retard to explain something
>BSV retard sends 3 hour long video compilation of craig wright rambling incoherently
everytime

>>16643824
>you can't explain that!

>>16645154
>muh nodes

Hobbyist are subhuman.

>>16646638
What an awful accomplishment. Then again this is the same guy who let Core get in.

>>16643806
decentral oracles

>>16646893
Aside from Blockstream preventing it, BTC users are completely retarded. The thought of a HF would cause a complete shitstorm and probably a lot of selling. These people literally have no idea what's going on.

>>16643806
same reason as bcash used to say, they want to follow the whitepaper, like the usa follows their constitution

>>16647468
I'm so excited for us, guys.

>>16648074
Scaling isn't really all that easy it turns out and all the best scaling is implemented on BSV and is patented.

>>16650089
>>16650098
Iktf bros

>>16650191
>>16650186
>>16650179
>>16650167
>>16650153
>>16650138
>>16650125
Imagine being this desperate. Your "enterprise chain" is absolutely unprofessional, shill. Regardless of scalability claims, it already lost the enterprise race, badly.

>>16645555
Nice digits, just bought 100k

>>16650123
You failed the iq test.

>>16643806
the extra curry

>>16650259

>>16650259
Why is this and what coin has won?? Thanks anon.

>>16650355

He's probably talking about some shitty private blockchain, even though private blockchains are an oxymoron

>>16650413
>muh R3 Corda
There was an anon yesterday claiming one project is working with the South African Reserve Bank and has been running txs on the public chain for the past two month. Everyone was claiming it was FTM.

>>16650355
Because it offers absolutely no functionality and utility for big players, it's never about scalability claims alone. All these talks are pure hopium for holders at this point.

>>16650413
Your coin is an oxymoron, do you even understand the demands of big players? You don't.

>>16650472
what do you even mean?

Big players want cheap EDI and reliable bookkeeping

>>16650810

He doesn't get you can't have a real system on a private blockchain. If he had read and understood the whitepaper, the only way Bitcoin works is when the hashes are widely disseminated and everything is public. A private blockchain might as well be a SQL database and is one of the stupidest boomer ideas ever conceived, hence companies like IBM being involved in them. It's like a company setting up a private intranet and claiming it's more secure than the internet.

>>16650191
>>16650089
Yes. Looking up small world complete graph was one of the clearest eye opening moments in bitcoin.

>>16650810
And your chain is unfit for that, delusional autistic attention whore.

>>16650830
SHITCOIN NOT NEEDED. You are desperate to peddle it, and it shows.

Who said big guys want to share everything with autists on a single public chain (which has garbage functionality, after all)? You have no idea what Corda is. It offers unlimited hierarchy, scalability and interoperability: you can literally build bitcoin on top of it if you want (Mike Hearn did). How can your varpoware garbage chain compete? It can't. Who's going to use a shitty scam like Tokenized? No one. R3 Corda has already won the adoption race.

Hello, I am a professional courier tasked with delivering a package to Craig S. Wright early next year.
Unfortunately, the Australian address and phone number given to me are no longer valid, so I had to do some investigation on how to get to Craig S. Wright.
During my investigation, I found out there's a chance my life will be in danger as I deliver this package.
Please help me figure out how to proceed, I think I'd rather get fired and not deliver this package.

>>16650138
Filthy fucking casuals

>>16650272
you shills are so shaken its hilarious. As if anyone cares about Huffpost in 2020
>failed to infiltrate /biz/
tell your boss

the real satoshi never mentioned that absolutely everything had to be on chain

big blockers and muh on chain shills are low iq and will lose everything
BTC is BitCoin

>>16650830
>It's like a company setting up a private intranet and claiming it's more secure than the internet.
That would be true though.

>>16651697
>the real satoshi never mentioned that absolutely everything had to be on chain
Neither did craig. Check m8 retard

>>16650983

The chain is public, information on the chain is encrypted.

Blockchains are secured by economic incentives, not the fact that it's a blockchain. People working on private blockchains have no idea how Bitcoin actually works, basically, a private blockchain is idiocy squared.

The devious thing (if you're a sub 95 iq third worlder who falls for technobabble) is that the bsv shills act as if there is only core and them in the universe.
In reality however, even if core is corrupted and owned by the old money interests, even of segwit is shit, even if we need 10terabyte blocks, even if greg is a schizo poster with a hardon for csw, bsv is still a shitcoin fork of a fork trying to hijack the bitcoin name by convincing brainlets that faketoshi is satoshi.

>>16651776

It may be true, but it's a kind of asinine statement. It's like if your web site started getting attacked and your solution was to just unplug it. Sure it stops the attack but nobody can access the site either.

>>16651870
my friend! You seem to be very angry and mad. You have much to learn! You seethe and try to cope with many negatives. You will FOMO in with us fellow brother! FOR INDIA

>>16651861
>information on the chain is encrypted.
Not for Bitcoin.

>>16651877
Not everything in your company needs to be accessed by the public.

>>16651861
Idiocy is only stemming from the likes of you. You think that cooperating entities proof-checking each other are not economically incentivized? Think again. They don't need a meme coin, they don't need the services of chink mining pools:

>A hot topic in enterprise blockchain is interoperability between consortia. One example is insurance and trade finance consortia which need to interact both with each other as well as the trade networks where they provide services. As these networks interoperate, they start to resemble semi-public blockchain networks, with a layer of Know Your Customer (KYC) at the entrance.

>James Carlyle, R3’s Chief Information Officer, compares the Corda Network to the internet. Soon he expects its existence to fade into the background much like we take the internet for granted.

https://www.ledgerinsights.com/corda-network-enterprise-blockchain-interoperability/

>People working on private blockchains have no idea how Bitcoin actually works
Look up who the main dev of Corda is, for fuck's sake.

Your gay dream is dead on arrival. BTFO

>>16651989

if you wish to FUD Bitcoin you need to do better than promoting a private blockchain... sorry

>>16651973

Sure, not everything needs to be onchain. The point is, the stuff that does, doesn't have to be seen by just anyone. It will be encrypted and there will be ways to access it securely and give permissions to different parties. Just like the internet with SSL etc.

>>16643806
>convinced
>trust
ngmi

>>16643910

You are very very smart buyer good sir. BSV and Mr Craig rewards you back with many years of high riches and all ladies now know you better.

>>16643806
Roger Ver, Calvin Ayre and Creg Wright convinced me it was the latest in a line of shitcoins

>>16643806
> All but BSV = Liberty reserve 2.0
> Liberty reserve shut down
> Bsv legal
> Patents
> Backed by billionaire Calvin

Besides this, I don't care if Craig is a fag scammer or not, he is just used for distraction.

>>16649365
U mad?

>>16644047
nigger im not an employee of craig. you retards are just too low IQ to see an opportunity shilled to you.

>>16652788
Imagine having to ride the coat tails of a successful project to give you a false sense of accomplishment.

>>16652713
not really it's a coin for assholes with horrible taste in memes.

>>16653116
Imagine being a stupid Blockstream shill.

STIFFFFFFFFFFFFFFFFFFFFFFFFF

>>16653149
Wha kind of faggot has to use the name of another successful project because they couldn't do it on their own? It's quite pathetic. Answer the question bitch.

>>16651870
>accuses others of technobabble
>thinks "fork of a fork" is anything but a meaningless technobabblian argument

>>16653166
Fun time's over, Moshe.

>>16653166

BTC is a quasi-legal airdrop that was created in 2017.

BSV is, and has always been, Bitcoin

>>16653278
bsv can't be bitcoin it broke the chain of nakamoto consensus back in 2017 when it was still bch by doing a minority fork and changing the consensus algo to lower difficulty.

>>16653286

Would not have been necessary, but, BTC decided to become something else with SegWit, and refusing scale (Bitcoin scales onchain)

>>16653166
You're right, core really are a bunch of faggots for hijacking in the bitcoin name

>>16643806
Imagine not calling this thread "what coinvinced you?"
ngmi

>>16643806
big blocks
satoshi
innovation
patents

>>16653562
Try syncing the oldest btc core wallet you find to bsv you idiot.

>>16653647

Please don't use sophistry in your arguments.

No chain syncs to an original 0.1 wallet.

But, the fact is, BSV is the closest to the original design and following the whitepaper and economic formula. Importantly, it scales, and can operate within a legal framework. That is what's important.

>>16653745
yes, you can get it to sync to BTC with some minor configurations. It will never sync to BSV though. On a sidenote: looking at the tryhards and no one is interested, just invest in something else.

>>16653137
Wow. Seethe harder faggot.

>>16650101
This is good stuff.

>>16653317
still once you break the nakamoto consensus there is no going back. next time try to do a consensus fork!

>>16653862
kek you don't know what that word means
>it's what you are doing btw.

>>16653745
use a 2016 wallet then.
btw they could theoretically with a few minor fixes but it would take forever without the optimizations.

>>16643806
Not what, who

>>16654437
https://youtu.be/mqWm6Kwf0KY

>>16643806
Cregs big pp

>>16643806
How stiff it makes me

>>16650101
Holy fuck, is this really Daniel Krawisz? This is some of the most autistic shit I've ever seen. I unironically thought this was satire at first.

>>16653562
Stop shopping at Amazon.com, I have a better website called AmazonSV.com. Please buy my goods sir.

>>16653745
Wrong! 0xBitcoin is closer to Satoshi's white paper.

Pajeet shitcoin, never gave it a consideration.

>>16643806
Even if CSW is Satoshi, it will never flip, because normies and banks they are going to pump BTC.

Maybe once BTC will worth 1M we will see the flippening just to fuck normies all again.

>>16643806
Greg Maxwell getting tribute coomed was a huge but signal just bought more bsv

>>16643806
Those websites they made on the chain

>>16653278
Besides btc's inception of course

>>16653745
>operate in a legal framework

Lmao

>>16656223
This. BSV fags are so stupid they don't even see the obvious king bitcoin in front of them,

>>16656822
Why are you making fun of shitcoins that have 100-1000x times the trading volume of your shitcoin?

>>16656829
Like the current trading volume matters in few years when 0xbtc will be the number one used bitcoin.

>>16655452
bsv is retarded, but krawisz is god-tier