/biz/ - Business & Finance

>>22167528
XRP IS DARE I SAY THE MOTHERFUCKING STANDARD

>using bitcoin to pay someone

>>22167528
>Want to send $3000 to my friend
>"fuck the jew banks, guess I will try gold"
>Wrap 1.5 ounces of gold in a small cute package.
>Go to post office and send it to him for a few dollars.
>A week later he receives his gold.

It's that easy.

>>22167616
Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
satoshin@gmx.com
www.bitcoin.org
Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.

>>22167616
>A purely peer-to-peer version of electronic cash would allow onlinepayments to be sent directly from one party to another without going through afinancial institution.

>>22167700
>trusting the post office with 1.5 ounces of gold
no thanks, would have to ensure it

>>22167528
>coinbase won't allow withdrawal for 6 days

Uses coinboomerbase

>>22167759
Send BTC from your wallet to his wallet. I will only take a few cents and a few minutes.

It costs $5 and 10 minutes for anyone with a triple digit IQ.

>>22167813
which do you use

Guys, I unironically think this >>22167528 is a sell signal.

>>22167616
N-n-no you see it’s a store of value because it was the first, which means it will always be the biggest! The worlds wealthiest people are going to store their money in an archaic energy hungry piece of shit, whose hash power is owned by China. Digital gold!

>>22167766
You could ensure that amount of gold for a few dollars. Much better than the $250 you lose for even trying to transfer bitcoin.
And it also gets you out of the traditional banking system. Not to mention if you lived nearby to your friend you could simply delivery the coin coins to him in person.

Implying anyone here gives a shit about using btc as an actual currency. We're all here to gamble on imaginary pajeet farm coins

>>22167894
Bitcoin was never even suppose to be a store of value it was suppose to be a payment system on par with paypal.
Only gold and silver is money, everything else is credit.

>>22168052
>Bitcoin was never even suppose to be a store of value it was suppose to be a payment system on par with paypal.
And it has failed to do so. Shit eating maxis will cope though.

>>22167841
it would cost 0.5c to anyone above 101 IQ that doesn't use Bitchooochoo

>>22167528
>coinbase
lol is this troll?

>>22167745
Satoshi was a fucking retard

>>22167700
Is this the true power of boomer rocks?

>>22167528
This is such a low-quality BTC fud thread, filled with zoomer cope.

>>22167766
>>22167924

It's "Insure", not "Ensure" you pair of gorilla fucking niggers.

>>22167528
Use cashapp instead