/biz/ - Business & Finance

>>18243680
We'll need to move away from exchanges and start using the actual P2P function of crypto, which was one of its initial main design points. The only problem is players like Amazon and Ebay aren't going along with it. Actually using BTC for more than just muh digital store of value will jumpstart the real revolution. But I dunno when online retail will open their assholes and accept the inevitable.

muh bakkt

>>18243713
>We'll need to move away from exchanges
it's our own fault if this won't happen as we praised for AdOpTiOn and normies to get in

>>18243713
>Actually using BTC for more than just muh digital store of value will jumpstart the real revolution.
haven't been in crypto for years (sold my mined BTC at $30 back then). have the issues regarding block size, chain bloat and overall scalability been fixed?

>>18243680
Good threat.
But you forgot that there were no Asics back then when btc was desigbed. Satoshi didnt expect megafarms. So there is no point reading whitepaper and really on Satoshi plan.
Btc on its own now, part of free market. Only 2% knows where it Will go.

>btc 7 tps
>can't scale because blockstream won't let it
>nonviable for currency
>hodling doesn't make fees
>nobody accepts it as payment because volatile price
>no fees being generated except people sending between exchanges
btc failed and only massive price increase will save it, hodlers might be about to hodling permanently

>>18243808
I don't think it's our fault for trying to profit of the early speculative aspect of crypto. I'm not super knowledgeable about this but is there a reason why online retailers won't accept BTC as payment? The price fluctuation is my best guess, but the IRS could also strong-arm them into avoiding it like with gold and silver. I mean like 90% of transactions are already based on digital money. Imagine if there was like a crypto debit card you could use at the grocery store. I'm gonna go with they don't want it because of price fluctuation. It certainly will happen, especially with the devaluation of fiats, just a matter of when.

>>18243865
Do you see the price volatility as something that can be overcome somehow?

>>18243826
Yeah. Nervos. Ticker is CKB.

>>18243895
Of course not. Us dollar is volatile in other countries despite the efforts of government to keep it stable. To Get Rod of valatility it has to be 100% controlled or 100% useleess.

>>18243680

>>18243849
>Satoshi didnt expect megafarms
https://bitcointalk.org/index.php?topic=532#msg6306
>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
>—Satoshi
>didnt expect megafarms
>Those few nodes will be big server farms

>>18243826
yeah, and the coin is named BSV now

>>18243895

> t. 80 iq post

>>18243713
WHAT IS XSN?????? Seriously, look it up.

>>18243895
with utility
bsv has the best chance now for bitcoin to succeed
just needs adoption
everything else is a dead man walking

>>18243680
thanks just bought 100k

>>18244016
You are comparing pentium 4 server rooms to asic hangars.

>>18243713
>Actually using BTC for more than just muh digital store of value will jumpstart the real revolution. But I dunno when online retail will open their assholes and accept the inevitable.

>>18244291
>>>18243713
>>Actually using BTC for more than just muh digital store of value will jumpstart the real revolution. But I dunno when online retail will open their assholes and accept the inevitable.

>>18243826
>sold my mined BTC at $30 back then
ahahahahha

>>18244359
i don't regret it. i got back my investment (power + radeon hd5500) and a bit extra. i believe in some form of crypto as useable currency (but not BTC for obvious fungibility and privacy reasons), but not as an actual asset worth holding (unless you like speculative commodities), unlike stocks or real estate.

>>18244442
Same. I also believe a car is worth $10. I haven't found anyone willing to sell me a $10 car yet but I'm pretty sure that is the value.

>>18244480

>>18244442
>i don't regret it.

>>18244641
Fucker, beat me to it. Kek. I was gonna go with smug wojack mask though.

>>18244641
i was expecting a "hope harder faggot". thank you for at least giving me a chuckle.
keep holding and keep believing in the /biz/-circlejerk, i'm sure you'll be fine.

I guess the real moral of Bitcoin is, no matter how many of a given crypto you sell, always keep a few in case, 10-20 years down the line, the price gets ri-goddam-diculous and dwarfs what you sold it for.

Theres a distinct possibility even people who sold at 19k will want to kick themselves in 20 years.

>>18244080
>bsv has the best chance now for bitcoin to succeed
>just needs adoption
>just needs adoption
lel
Monero is closest to the original spirit of Satoshi and crypto.
Might as well rebrand to Bitcoin-Monero for instantly adding a billion in market cap.
When I try to explain Monero advantages to Bitcoin maximalists that bought BTC before 2014 and they don't understand it, I always have the impression that these retards were just lucky. They believed in Bitcoin back then, but they never really understood it.

>>18244740
Lmao can't believe I made more than you by investing in scam tokens in 2018
>the virgin early adopter
>the Chad laggard

>>18245125

>>18243680
>>18243680
> Every day, around 1800 btc get mined. Dumb crypto people keep screaming SeLl PrEsSuRe but with the insane amount of btc traded each day (18M btc in the last 24h and we are experiencing low volume those days) there's no way that 0.000% could push sell pressure.

Dumb people like OP don't understand the difference between volume and *net sell pressure*

Trader Alice buys 1000 BTC at $6000 then she sells 1000 BTC at $6500. She created $12.5m in volume, but only $500k in *net sell pressure*

Miner Bob sells 1000 BTC at $6500 to pay for hardware and electricity. He created $6.5m in volume and $6.5m in *net sell pressure*

Miner Bob traded only about 1/2 the volume of Alice, but he created 13x more *net sell pressure*

Although we can't measure it without access to private data, 900 BTC will probably be a significant reduction in the daily *net sell pressure*

>>18245869
elaborate faggots bc it doesn't make any sense

BTC is a niche market for people who want to move big funds illegally. They buy btc with cash, move to the other country, sell btc for cash. Not a single fucker actually stores his money in Bitcoin because muh store of value shit when it clearly isn't one. BTC whales(mostly just a bunch of lucky early people) try to cope all sorts of ways. They can't move their btc because it will create a price drop. Only thing they can do is keep the ponzi going and dump it during hype cycles. Reason is that Bitcoin can't scale so there can't be "normie" adoption since normal people would want to buy shit like coffee and food with btc but don't wanna pay $5 in fees and wait for confirmations. Successful normies don't need to do illegal shit like moving their big stacks of money with Bitcoin. Any layer 2 solution by (((Blockstream))) is just the same as banks. So basically Bitcoin is "backed" by a niche illegal market. Bitcoin could very well be at a market cap of $2b or even less and nothing would change much.

There is a lot more hope in that Chainlink will solve the scalability problem. Then if and when Chainlink has it's oracle network going with significant volume, it will be a much better "store of value" since it will be backed by something real with demand.

>>18243713
>Actually using BTC for more than just muh digital store of value will jumpstart the real revolution. But I dunno when online retail will open their assholes and accept the inevitable.

>>18243713
>Actually using BTC for more than just muh digital store of value will jumpstart the real revolution. But I dunno when online retail will open their assholes and accept the inevitable.

>>18246206
the phytoestrogens in onions actually activate estrogen receptors and block natural body estrogens like estradiol, but are themselves less potent, and as such actually tend to have androgenic effects in humans