/biz/ - Business & Finance

>>18844125
The whole crypto market is about to crash

>>18844147
Why?

>>18844125
Because it is much more realistic that an alt coin goes from 1 $to 10$ than btc to 80 000

>>18844169
Because stocks are about to dump

Alt season only happens after Bitcoin finds a new ATH

>>18844267
why? Because the supply is owned by 2 people?

Eth 2.0 is going to kick off the newest bull run

>>18844125
HEX is next gen bitcoin

>>18844267
That’s the short-termed mindset that goes into buying low cap shitcoins that will eventually die out. Low liquidity in these shitcoin markets if you buy at 1 and sell at 10 who’s buying?

>>18844468
Delusional mETHhead

>>18844504
Chainlink DeFi is about to kickstart the next bull run

>>18844125
>Alternative coins just follow whatever Bitcoin does anyways.
why would you buy bitcoin, according to this logic?

>>18844125
this sounds like an xrp shill thread, when your coin has been btfo so many times and you have nothing else to rely on other than your marketcap and being rank one. if you want me to get me to buy your buttcoin, shill me on technical developments or anything that can be really held in the same light as ethereum or chainlink since 2017.

>BUY MY COIN ANONS BECAUSE IT'S BEEN NUMBER ONE FOR SO LONG

bitcoin is about to get 1776'd by eth and link within the next 3-5 years and i can not wait.

>>18844125
>why not just buy bitcoin
the real answer involves humans are integerlets.

>>18844125
Ok boomer.

>>18844504
Call me delusional all you want but it has the most room to grow
People are excited for eth 2.0 and normies will be sold on the idea of another bull run since btc is too expensive for most people to want to get into. If you don’t have a stack of eth right now or are dcaing into one you’re never gonna make it

BTC was the first implementation of Bitcoin, which appeared on January 3, 2009. When in 2014 the adoption began to increase significantly, we found ourselves having to face the problem of scalability. In fact, at the beginning Satoshi Nakamoto introduced a rule that established the maximum size of 1 MB for the blocks that make up the blockchain. It was a temporary measure introduced to avoid abuse of the protocol when it was still in the experimental phase, and with the expectation of removing it following the increase in adoption, that is when the quantity of transactions had increased to the point of making it a limit.

It was obvious to everyone that the solution was to expand or remove that parameter but, at a specific moment, a group of people radically changed their opinion. It is a group of developers (core devs), many of whom joined when Bitcoin had already become quite popular, who had one thing in common: they were hired by a new company (Blockstream, which we will call BS from now on), financed by banks, insurance companies and financial institutions, and coordinated mainly by two exponents: Adam Back and Gregory Maxwell. The new strategy was based on media terrorism against protocol improvement, with funded propaganda based on the misconception that removing the 1 MB limit for block size would be destructive; they were trying to convince everyone that the right way to to scale Bitcoin was to use additional protocols on which to carry out transactions.

>>18844449
Yes

>>18844888
lol

>>18844888

To achieve their goal, they launched a censorship campaign: the main forums used for Bitcoin discussions and disclosure (such as bitcointalk and the r/bitcoin subreddit) were acquired and censored, eliminating any possibility of debate and allowing only discussions tuned to their goal. The proof is that restrictive rules are still applied on these platforms and anyone who has a point of view slightly different from theirs is blocked, banished from the discussion and the related message deleted. Everything can be documented through a simple search.

Meanwhile BS and the core devs attempted to discredit one by one all developers who didn't agree to support their narrative through personal attacks. They sent away important people such as Gavin Andresen (to whom Satoshi Nakamoto had directly entrusted the continuation of the Bitcoin project), Mike Hearn who worked on the code since its dawn, and all those who understood what was going on.

Cleaning up all free thinkers, they reshaped Bitcoin's development project, changing its purpose from a peer-to-peer world currency to a digital gold and a safe haven, adding totally meaningless arguments that many people didn't understand and still don't understand. The most common belief is that the transactions should not have been stored on the Bitcoin blockchain but on the Lightning Network (LN for simplicity), a second layer protocol, which is extremely complex and which presents intrinsic criticalities in the operating system to the point of make it practically unusable.

In the eyes of an expert developer these problems were evident from the beginning, but being technically complicated, it allowed core devs to believe that this would be the definitive solution (to date, after more than 5 years of development, LN is still not working and very often vulnerabilities and attack vectors rise up).

>Never going to actually make large-scale improvements
>Constant threat of splitting to different version of the same coin makes normies worried they'd be getting into the 'wrong' coin when buying in
>Never going to move out of being a 'store of value' due to how terrible it is at quick transactions
>Never going to actually become a usable everyday currency, which means it will never actually be anything but speculative trash

If it never has any hope of becoming used as an actual currency it's trash. Just be honest like the rest of us, most crypto (including BTC) is gambling that stupid people will buy our coins so we can buy tangible things. I haven't seen a crypto yet that has any chance of actually seeing regular use by the masses. Obviously it could happen eventually, but not now and definitely not BTC