/biz/ - Business & Finance

>>21658020
Proof of Stake

>>21658073
Won't the islander Chinese just buy it all up instead?
It'll be even worse if the Hong Kong billionaires get their hands on it (Wall Street boomer richfags are too tech-illiterate.)

>new generation of crypto-trust-fund rich fucking little emperors

>>21658020
Do you people really care about muh decentralization?

>>21658139
Yes, POS is even worse than POW for decentralization. Anybody saying otherwise is a dumbass.

>>21658139
>Wall Street boomer richfags are too tech-illiterate
They aren’t.
t. Wall Street millennial richfag

>>21658073
This.
PoW coins in 2020 are literally paying an endowment to China. Fuck that

>>21658199
Yes I'm here for tech

>>21658221
>talking specifically about boomers
>millennial chimes in with "ackshually"
Can you read English?

>>21658020
Tough tits fag. Maybe live in a country with subsidized electricity and start your own farm instead of starting glow nigger threads like this. Free market bitch!

>>21658020
used to be 90% now only 55% hash in china

>>21658216
>buy up pos network for x amount of billions
>they fork it because of centralization
>buy up the fork
>they fork eet again
???

>>21658674
>Free Market
>State controlled farms to de facto conquer all decentralized coins

Do go away chang

>>21659227
there is no way to fork away from a majority in pos its not like a hashing algo you switch if you start stealing other peoples money nobody will touch your shitcoin

>>21658020
LoL you poor whitey trash what u do? Just seat on your poor fuckin trailer whie poorest Chinese drive their porsche cayenne while america sinks. dont forget to put your dirty kids in chinese language school if he wants to make living in xxi century

>>21658020
>The fucking Chinese have centralized Bitcoin mining, and will centralize all decentralized tech due to the availability of cheapshit electricity, industrial production and raw manpower.
>It just isn't fair, anons.
>What do we do about the Chinese Threat?
Remember this was America in the 60s.

>>21658674
>free market
>government-funded mining farms
Do you know what "free market" means?

>start your own
Sure, lend me 60,000,000 dollars dude.

Also, subsidized electricity is the opposite of "free market."

Fucking retard.

guys i just had a genius idea
very hard to store electric power right? its expensive to store hard to transport which is a problem for power plant scaling across the globe.
how about we store excess energy in bitcoin? a country can mine bitcoin to store its overproduction and sell bitcoin to buy electricity when its running a deficit.

>>21658020
How have they centralized it? There are more chinks than there are burgers and eurocucks combined.

>>21659427
this would allow us to rely mainly on nuclear power which is still the most efficient also renewables like wind and solar without coal and gas buffers...

>>21659446
>every chinese person owns some bitcin
It's literally like 10 fucking giga-whales that own 63% of the global supply between them.

>>21659492
we should start a "bitcoin saves the world from global warming" campaign.
i don't like the "green bitcoin initiative" because it would encourage cashie scum.

>>21659427

>>21659601
i can see you are a brainlet but obviously my idea hinges on countries not runnig a deficit at the same time. nuclear plant blocks are shut down and heated up on a schedule. neighboring (or closely situated on the grid while it's also possible to route electric power indirectly kinda like how the lightning network works) countries can coordinate while not having to rely on a specific neighbour still be able to procure electricity from open market.

Buy IDNA

Good luck anons

>>21659601
i can see you are a brainlet but obviously my idea hinges on countries not runnig a deficit at the same time. nuclear plant blocks are shut down and heated up on a schedule. neighboring (or closely situated on the grid while it's also possible to route electric power indirectly kinda like how the lightning network works) countries can coordinate while not having to rely on a specific neighbour still be able to procure electricity from open market.

(where the fuck did my post go?)

Proof of person via PNK

>>21658020
XRP is USA’s chance to fight the Chinese who own bitcoin and many other coins for that matter.

Think about it, what coin has 100% American backing except XRP?

At the moment, China is way ahead when it comes to the digital currency world.

Do you think USA is ok with this? With China controlling the crypto space?

I assure you, they will do everything in their power to surpass China.

China has a big headstart when it comes to crypto, but the U.S. will beat them, like they always have.

It’s no secret now that blockchain is here to stay and it’s going to expand A LOT.

Do you think USA will let China own the largest blockchain ecosystems?

Ha ha ha. Of course not.

If you believe in the US, buy XRP.

It will be #1 coin, the Jews and the Americans won’t stop until this happens.

They WILL NOT let China rule this space.

>>21658020
>What do we do about the Chinese Threat?
Hoping for nukes

>>21659784
i'm mildly curious if any proof of person chain will be still alive in 3 years. too much hassle for so little profit.

>>21659832
dude if any country wants in on the crypto space they can make their own centrally governed shitcoin (that is actually stable in purchasing power thus usable as currency) in less than 5 minutes.

so no fucking existing crypto project will ever be adopted by a government. ever. nobody can resist printing their own money.

>>21659832
Hella based.
XRP/XLM/ALGO Jew coin for the long term hold.

>>21659427
>Hard to store electricity

Suggest to store it into Bitcoin..

Genius..

>Hard to transport

Really...?

>>21659983
there is a lot of loss in electric transportation using them right at the production site could probably increase mining cost efficiency greatly by up to 10% easily.

>>21658020
Unironically, https://coordicide.iota.org has a good chance at achieving security and decentralization.

>>21659832
retard! retard! How a fuckin broken USA will do it? This shit cant even deal with a virus LoL its better to move to China and open baozi shop

>>21660029
You are correct in that matter, yet the electrical losses are not that much of a problem (although still is a problem in its own sense and without room temperature superconductors cannot be overcome entirely).

The world was always facing an issue of electricity storage and yet the viable commercial solution does not seem to be in our reach because of other factors limiting the progress.

Also, you are correct on the matter that having a massive mining facility next to the power plant would be more not necessarily efficient but economically viable because of the savings achieved avoiding extra cost relating to the support infrastructure for such a facility.

>>21659832
Buy Zenon

>>21660277
i mean we don't really have to actually make this work but floating the idea could get some people thinking how their perception of bitcoin and mining is narrow minded and start thinking out of the box.

>>21659331
Are you claiming there can never be negotiations made in a free market? As if institutions just remain in complete parallel, hello fosil fuel employee

>>21658020
Motherfuckin global fucking masternode system. No KYC necessary. If your country doesn't follow democratic principles allow your women to leave, fuck them good and nuke the your sorry ass country back to the stone age. The end.

>>21660411
When talking storage, we need to remember that stored electricity must be available for usage later on. This can be achieved by mechanical/chemical methods of storage.

Or coming back to the main principles, electricity is generated/created by mechanical work/chemical reactions.

The discussed mining facility would be a hefty energy user that uses electricity to do the mining aspect and would seem to have no means of storing energy as the mined asset is digital.

>>21658282
Maybe he is not talking about himself but he knows them and their shit?


>>21658221
Tell us more

>>21659832

>If you believe in the US, buy XRP.

SELL NOW!

>>21659832
Isn’t cardano western crypto? At least Charles lives in Colorado. Hear a lot about oxford and those types.

>>21660630
it's more about making countries less self reliant on 100% electric production to demand during the day cycle and making regions able to schedule it better while having a trustless store of "energy" buffer that has a liquid market.

the other thing to consider is not every country can mine gold. simply not every country has significant gold mines available. but pretty much every country could mine bitcoin. bitcoin is very likely to take over golds traditional role.

and putting these two together actually would make it more robust distributed resilient and stable.

>>21660630
>The discussed mining facility would be a hefty energy user that uses electricity to do the mining aspect and would seem to have no means of storing energy as the mined asset is digital.

like i said narrow minded look at storing energy.
you are like a rock collector in the fiat age.

>>21660630
>>21661101
so here is the thing if you don't get it...
countries can't go much surplus on sustainable electric production becasue they can't store it and the market is illiquid and unpredictable.

bitcoin can store the value of the mined electricity and can be exchanged to electricity if you run a deficit for a period. not direct storage but practically economically just as good.

it allows you to go nuclear and renewable overcapacity and ditch the coal and gs buffers that produce the greenhouse effect and killing our current global biodiversity.

>>21658073
Been saying this for years. I seriously think all the people who bitch about "premine ico" are chinks afraid of losing there mining business.

Also the west still has more money than the chinks. Fuck them.

>>21658020
'cheapshit electricity' is not actually cheap but hugely damaging to their cities and people. I know many here see chinese people as 'chinks' or 'bugmen' but they're two things, first and foremost:

1. people
2. diverse

The soviet union made the mistake to enslave its own population. They were so harsh that vassal states started to rebel. Well, they imploded. The partie's power eroded over time as people stopped believing their shit and also had access to radio and info from other countries.

I hope the same happens to China. They'll fall apart, fail, mostly because their citizens have access to alternative currency and access to western media. Freedom wins. I'd never live in a country that doesn't let me leave, and only an animal would.

What do you think? How can we accelerate the demise of China?

>>21658073
+

>>21661381
Why do you think Western media, full of fatties and hypersexual retards, is convincing? What's it like living in your deluded bubble and thinking everyone must want your shitty and mentally ill liberal lifestyle? Is it the liberal brain that is somehow unable to understand this sentiment? Which is why the USA also keeps invading everywhere and "frees" people who might not even want their degenerate "freedom"? ("Freedom" is put in quotation marks intentionally. You're all just slaves to corporate and MSM propaganda, after all.)

>>21661522
Haha your brain is wired real funny

>>21661176

>coal and gs buffers that produce the greenhouse effect and killing our current global biodiversity.

imagine actually believing this. Ngmi

>>21661522
First of all, I'm from Germany. I'm from a region (east of North Rhine Westphalia) which is known for very successful SME's and a population that tends to be suspicious and cold at first yet become very close friends once they trust you.

People ride their bikes through nature in their free time. People in pubs chat about everything without fear of reprisal. Yes, we might be a tad too conservative at times, but it's better that way. No, you don't see many trannies. People go through a punkl/emo/insert shit phase but grow out of it and grow up.

Why do you think that all the West is about is what is portrayed in the media? What do you think asian tourists tell at home when they visit Germany's jewels, such as industrial areas, gorgeous cities, or deep dark forests?

The US invading countries left and right, fine, I get it. The US is failing as well, in case you didn't notice. They're not winning hearts and minds.

>>21661381

Chinks dont have souls and dont have empathy bc less prefrontal lobe.
Nevertheless their economy is crashing (numbers are fake) so the free electricity might dry up when priorities are shifted from mining farms to elsewhere

>>21661823
dude these are marketing points... that could actually be argued with a serious face in today's climate. i just want bitcoin to go up.

>>21661898

>What do you think asian tourists tell at home when they visit Germany's jewels, such as industrial areas, gorgeous cities, or deep dark forests?

Too many niggers. Just came back from germany what an utter shithole. Only redeeming factor is good cars.

>>21661823
>>21661924
for example if somone snarks at your point you insert random facts like
>burning of coal is responsible for 46% of carbon dioxide emissions worldwide and accounts for 72% of total greenhouse gas (GHG) emissions from the electricity sector

>>21661924

Ok, the rest of the post i agreed on by the way

>>21658020
>The fucking Chinese have centralized Bitcoin mining, and will centralize all decentralized tech due to the availability of cheapshit electricity, industrial production and raw manpower.

If other countries or big institutions wanted to level the playing field, they could subsidize the cost and contract other miners to join the network.

This whole thing about China centralizing the bitcoin is silly. It's an open network where anyone can join in.

>>21661924
>>21661950
Brothers, I get it. However, racism is not going to win this war. It's ideology. I, personally, don't care too much about your color or the smell of your food. I care about your take on personal responsibility, the use of force, what the government's budget is for. how we make decisions, and so on.
Extend a hand to those living under repressive and corrupt governments, and we all win.

>>21662012
meant >>21661911
not >>21661924

>>21662012

Demographics is destiny, everything else comes second. Chinks arent human. Niggers arent human. Jews are seed of the serpent. Now go be a cuckhold somewhere else.

>>21659195
wrong. it's morelike 80% in China

That's the determined result caused by capitalism plus globalization.

Don't blame on us, whity.

>>21662012
Based

>>21662244
Delusional racist

>>21658020
LOKI fixes this.

>>21658020
not idena

>>21658020
if only we had a tech thats decentralized and fixes all of this...
do you get it now?

>>21660029
DYOR about Lition (or better its energy usecase) since they are tackling that problem (among others). You are welcome, anon.

>>21660630
Same goes for (You), anon. >>21663488

>>21662697
>>21662012

Found the faggots. Neck yaselves.

>>21658221
>They aren’t.
Then why are they buying CCC debt instead of yield farming?

>>21662697

I will fuck your eyesocket like pepe did blepe you fucking niggerape

>>21663231
say more

>>21662244
>>21663558
>>21663753
>tfw I'm a strong black man and there is nothing you can do about it.
My very existence triggers you like faggots

>>21664443
You can be as strong as you want man because:

-Im smarter than you
-I have a normal relation to my parents and relatives not like you
-I have a gun which is why I couldnt give less of a shit if you are buffed

and

-I am richer than you.

Now eat a fucking banana. You are not yourself when you are hungry.

>>21658139
That's not how game theory works. You can't buy all the stake in something without driving up the price, and you certainly can't do so while refusing to sell yourself due to implicit staking.
>>21658020
PoW is much more centralized than PoS due to the need for access to physical manufacturing processes to the best patented, proprietary hardware currently available for mining and cheap electricity, as well as the consent of local authorities for you to conduct industrial energy-hogging facilities, as all that drives out small miners through economies of scale.

>>21664578
Lol faggot whiteboy. You'll never be black no matter how hard you hate

>>21664737
Thank fucking god for that lmao

>>21664753
Amen. Stay in your respective lower society cast, Thanks for knowing your place.I almost respect you whiteboy.

>>21664798
>Projection: the post

Okay :)

>>21664817
>Reality the post
lmao. Keep paying for my shit homie

>>21658216
This

Pos is a sham longterm

>>21664647
>You can't buy all the stake in something without driving up the price


Just offer a pittance dividend (5%) and get it all without driving up the price or worse run a node for staking and then it gets hacked. Price me wrong.

>>21658020
China is based, they're about to BTFO the USA as #1. That it centralizes bitcoin is kinda sad, but it makes sense since pretty much all hardware is made there. PoW kinda leads to somewhat centralized control, since the barrier to entry is quite high. People with access of cheap electricity and low cost hardware automatically have an advantage