/biz/ - Business & Finance

>>18933673
>I am going to be fucking rich as fuck soon
this but unironically

>>18933673
> pump 165% in 7 weeks with virtually no dips
> long over 70%
> now is the time to put 150K in this

>>18933699
Yep, no "buts" needed. I am being unironic as fuck, bruh. We're about to go to the moon. I'm thinking $14,000 EOM. The halving is going to be fucking epic. I am LMAO at retarded bears who are sitting on the sideline as the train leaves the station.

>>18933673
post folio or LARPing

>>18933673
based

>>18933673
shouldve done so after the halving

>>18933815
LMAOOO. The halving is going to send Bitcoin skyrocketing to the moon, retard.
Less supply = Moon.

>>18933673
4 btc here. Admiring the stack if no larp anon.

>>18933766
this

>>18933673
I really hate people like you.

>>18933763
>classic fomo
You're going to get fucked OP, if this isn't a larp

>>18933835
uh anon you know theres a dump every halving right?

>>18933882
>>18933883
Stay mad poorfags. You have been priced out. Train is leaving the station, yet you keep waiting on the sideline LMAO

>>18933673
You are a degenerate gambler. I wish you good luck. Dont panic sell. Get off biz, these fuckers will ruin you.
I'm long on BTC too.

>>18933905
Wrong. The halving is bullish as fuck. The cost to mine will go up, so the price will go up too. Simple supply and demand. It is going straight to $20K from here basically, probably in the next couple months. Soon we will never see 4 digit bitcoin prices ever again. Sucks to suck

>gullible /biz/ takes the LARP bait
Everytime

>>18933673
Now is the time to switch to Ether and then to LIT desu.

>>18933673
if you are not larping anon, do yourself a favor and buy 15 Bitcoins. And by that I mean the real stuff BSV.

You just bought 15 BTC, or as they are called 15 segshit high fee coin.

picrel.

>>18934599
The logic behind your chart is wrong. Btc dominance didn't drop because of fees, its because everyone was buying eth to fomo into bullshit like dentacoin and we were at the frenzy stage of a massive bull run. Btc dominance has recovered and real dominance is probably 80% since the market caps of thousands of coins have 0 liquidity so they don't count in any practical sense even though they lower the dominance number

>>18935052
ok master, sorry for my stupidity.

>>18933673
I used to be really dumb, but I worked hard, and managed to save a lot of money.
But now I'm dumb and poor. Thanks /Biz/!

>>18934599
Explain this chart. Why does the blocksize increase past a certain value? How would the length of the hashsize increase?

>>18933673
Based and redpilled
You could probably have got in less than 10k at a future date but it's fine for long term. By this time next year you'll be a millionaire.

>>18935300
Actual lol

>>18935052
Wow someone with a brain how u doing sir

sell you idiots
SELL SELL SELL

>>18935620
Nah. It's unironically the new paradigm now. Get fucked, bobo

>>18933673
This is bearish

>>18935644
LMAO

BTC will 10x within 5 years.

ETH will 100x within 5 years.

Don't be a smelly BTC loser. Be a winner for once in your life.

>>18935376
locksiz in btc is fixed max at 1mb, If you have more than 3000 transactions every block(10 min) txs have to compete to get into the block. In BTC this is done by adding an ever higher fee to be the lite that gets into the next lock.


When the price of those fees go higher people use substitute goods to archieve the same outcome. You have to transfer value and BTC fees are at 50usd? well use a usual wire transfer. You cant use formal bank? well then use any other crypto. taking downside risks like slippage and "muh less security" and there will come a point where BTC fees are too high and substitute goods are not only viable, but an economic necesity. That point was reached jan 2017.

That basically killed the bull market, when people noticed that sending the median value on BTC which is around 120USD and paying north of 40USD.

I firmly believe that if it wouldnt have been for corecucks we would have bitcoin at 100k already. Blockstream fucked as all.

After that fury I researched what the fuck happened and arrived at the conclusion that BSV is Bitcoin. CSW is an asshole of the greatest kind, but try to put him out of the equation.

>>18935728
Keep posting your stupid memes while I get rich as fuck. How fucking stupid do you have to be to short right before the halving

>>18933742

ARTHUR-SAMA PLEASE GRANT US CHEAPIES

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH

>>18935749
>try to put faketoshi out of the BSV equation
0.05 rupees have been deposited into your account

>>18933960

Oh yeah, it's extremely bullish. Some 8 months after the halving.

bitch why

why would you do this

>>18935805
well, you that actually think like>>18935052 who is so smart


refute my claim about BTC. and keep faketoshi out of the equation.

This is obviously satire but these are the people who'll be buying in either now or very soon (right before it crashes)

>>18935749
First of all you are retarded if you think people care about a 50 dollar fee when the only reason they are transacting at that time in the first place is to get to an exchange asap to take some profit off 20x gains. You think people are buying shit with btc at that stage? Fuck no these were holders trying to cash out and didn't give a fuck.
Fees had literally nothing to do with "killing adoption" at that moment of fucking crypto insanity. By the way you do realize Bitcoin needs fees to survive right? 95% of btc mined by 2025. Subsidy is running out quick and btc is the only Bitcoin that understands that

Why do people do this always after the pump

>>18936100
You see and that is where we differ.

The guys with 10x gains didnt care at all, that is true.

The wagecuckie that only "invested" 100usd at that stage did however care very much that the fees ate up his 50% gain.


To the adoption and uying shit with BTC.... nobody is doing that anymore and payment processors are shutting down left and right, because of the high fees. No reason to use purse.io for example if you buy anyting below 50usd... the tx fees eat all profit.

Bitcoin needs fees to survive, yes you are completely right. Now, lets go over that:

BTC has 3000TX per block max, that is the 1 mb limit. doesnt matter if you put lighning, the miners can only transport 3000tx on chain, LN would be offchain

right now subsidy is 12.5, soon 6.25BTC

So lets say miners right now are breakeven and when the halving comes they either have to hope for a 2x from now in fiat price, or receive 6.25 BTC from tx fees.

option 1 fiat price of BTC goes up 2x, great.

option 2 BTC doesnt go up: 3000/6.25 = fees have to at least go to 0.0021 BTC for miners to stay interested and all blocks have to be full. multiply that by current 9900USD BTC price= 20.63USD.

Lets check median transaction value in BTC.... 200-400USD.... now, you tell me, if 20 USD is a fee that you would like to pay to move on average 400 USD?
No, you would seek an alternative. But everybody else will, and all other chains except for BSV have a similar problem.

>>18933673
>brainlet FOMO threads are starting to pop back up
fundamentally bearish (short term) and bullish (medium term)

>>18933960
Why did you wait until now if you're so sure?

enjoy the ride

OH NO NO NO NO NO

>every trusting the chinkcoin

LOOK AT THIS DIP

LOOK AT THE VALUE DECREASE IN OPS BAG

BAUAHAHAUAHAHAUAHAUAHAAHAHAHAHAHAHAHHAHAUAHAHAHAHAUAUAUAAHHAHAHAAUUAUAHAHAHAHAU

I
CANT
BREATHE
DAWG

>>18936840
Lmao this.

Its like the bulls for stocks who say a lot but never post proof of going all in, same with bears.

>>18933742
Once jews are fully in crypto, they'll get mossad to make this guy disappear.

>>18934599
>>Wallstreet starts putting money in BTC
Hurrr I think you should invest in my dead project, BSV. That'll show them, I'll be rich.

>>18936582
Now do all that math for a block size so big that all transactions are minimum 1 sat. How unmanageable is that chain? How many full nodes can even afford to run? You've just given control of your coin to the miners.
That 20 dollar transaction fee can be one utxo from an exchange onboarding 20 users into separate lightning channels with the latest psbt channel creation they added to lnd last week. Then each user is only paying their portion which is 1 dollar. You will see more and more aggregated lightning channel opens coming direct off of exchanges, and the only way to force the ecosystem to treat block space efficiently is to force it to. Right now the exchanges and wallets are treating the block size carelessly but that will improve, once that infrastructure is in place then I do support modest increase. But right now there are way too many non batched transactions which are very wasteful.
Also once channel factories are created you can split up a big 50 dollar fee or to hundreds of users getting onboarded. And if statechains take off then other folks can elect to get a lightning channel that literally never gets confirmed on the base layer because a blind signing server can swap utxos off chain and build channels.
The future is bright and while small blocks do have challenges, they remove all question about miner revenue from fees in the long run, and I believe there will be good solutions to make it very affordable for users

I just put my life savings (20$) on HEX
Am i going to make it?

>>18933673
>reverse psychology bear
go fuck yourself

10021475
49 secs ago
Miner Ethermine
156 txns in 5 secs
2.14865 Eth
10021475
49 secs ago
Miner Ethermine
156 txns in 5 secs
2.14865 Eth

>>18933673
>buying the top
Doing God's work anon

>>18933742
buy high sell low

>>18933835
Imagine being this deluded
>kek
Hope you didn't skip leg day anon, those BTC bags will be heavy

>>18937327
Take your meds, schizo
I'm gonna be rich as fuck soon.
Imagine being bearish right before the HALVENING! lmao.

>>18933673
>he went all in
All in, aaaalllll in?

>yes
Dump it

>>18933673
ummmm, does someone else want to tell him?

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

>>18937374
>HALVENING!
What a faggot, only faggots like you say halvening, like its happening! It’s halving. That being said, get fucked short-term. Remember, don’t forget to sell the dip, faggot.

>>18937556
Why do you keep posting this.

>>18937493
Suck my cock, poorfag. You have been priced out. After the halving, bitcoin will NEVER be under $10K again. Sucks to suck

>>18937579
>He thinks there will be a dip this time
Hahahahahahahahahahahahahah

>>18935052
>the market caps of thousands of coins have 0 liquidity so they don't count in any practical sense even though they lower the dominance number
this

>>18937662
I’m already sitting comfy on over 20BTC and over 1000ETH, also sitting comfy on 20oz of Physical Gold and about 1500oz of Physical Silver. I keep at least 100kUSD on hand as well. I’m not at all concerned and am happy with my stacks. It’s all just a waiting game now to see how this plays out. Goodbye, faggot!

>>18937861
>>18937861
LARP

>>18937595
You clearly don't understand how this place works.

>>18937556
which would probably require some form
of social coordination or institutionalisation."

Meaning us, give (((us))) the power to


>>18937294
8 billion people paying on averge 1 satfor everything they do, yes, also sending money, but alos posting n social media or authenticating against their garage door if need be.

There is enough fees for every miner in there.
Unmanageable? yes, this shit doesnt work on your casa node, but companies even now tiny ones can archieve the tech capacity necessary for that. Not only that, due to double hsh that chain does not have t be stored completely in one place. and Transaction processors can be distant from the pure hashing power miners.

>>18938021
Link discord scum faggot I’ve been here since 1992

>>18933763
i want twitter niggers to leave

>>18935736
Or just own both. Retard.

>>18933742
That pump was a dip lad

I just bought on this announcement. God damn it feels good to be an early adopter. Thugs report in! Thug Thug!

>>18938766
If you honestly think 8 billion people sending billions of transactions every day to the base layer is going to work then you might be the dumbest person alive. Why even use a blockchain? It's the wrong database structure for that idea. This is so obviously doomed as an idea its hard to believe anyone actually believes it

>>18939144
>invented 11 years ago
>was the subject of a "The Big Bang Theory" episode in 2017
>>early adopter

>>18939392
Itis either a shit ton of transactions of the whole idea of blockchain goes the way of the dodo.

>>18939392
It's not for buying bubble gum at pajeet's corner shop. BTC is gold now.

>>18939571
Gold is Gold. Nothing will change that. People with money will trust a permissioned ledger to handle their trillions of dollars gold market way more than the shitshow that crypto is.

That being said, the only way for blockchain to gain adoption to moon is for pajeet to be able to buy his shitstained samosa at the corner.

If I cannot buy my daily bread with my currency of choice, my currency of choice is a shitty currency, no matter if fiat or crypto.

>>18939546
Blockchains are inherently bad at processing transactions. The way Bitcoin is designed every node has to validate every transaction that occurs on the network. Putting billions of tps on the base layer is the most idiotic and inefficient thing ever but I guess you have to have a sub 60 IQ to believe Craig so makes sense