/biz/ - Business & Finance

>>22250613
>Fact 1: We know for sure that bitcoin will be dead in 200 years

Yet you posted no fact

because none of us will be alive in 100-200 years, save that convo for your great grandkids

>>22250613
>Will bitcoin still be relevant in 100 years??

No matter what argument you come up with, can refute this simple universal truth. Bitcoin maxis BTFO

Since bitcoin is 100% certain a dead end (can be proven mathematically), it is unethical to support it.

>>22250613
Nothing will be relevant in 100 years except link

>>22250644
more than 90% of the bitcoin supply will be forever lost in 200 years. There will be close to none bitcoin left in circulation, and volume will be so god damn low. The blockchain will be a ghost town. So, it will be for sure be dead, if given enough time.

>>22250732
>he thinks that we can't extend the number of zeros past 1 satoshi to provide more digits to satoshi holders for sub satoshi transaction on the lightning network.

OP will never make it

lets say 500 years then, lets go extreme. Will bitcoin be dead in 500 years?? If so, why should we focus and spend precious energy on a system we know for sure will fail in 500 years??

God damn, why ain´t more people pointing this out!

>>22250613
>We should focus on finding a crypto that can potentially survive for as long as humanity exits
other than BTC because I missed that and now I want it to be replaced by something that I can get in on the ground floor.

>>22250784
thats not a good solution at all, and I explained why in the lost thread I was arguing someone saying the same thing. I would refute now as well, but I have had a few drinks

>>22250732
>what are satoshi
even if only 1 million bitcoin are in circulation, it would still be 100'000'000'000'000 satoshi (1x10^14)

>>22250613
but you made no argument?

God this board is retarded. My IQ is only 130, yet I feel like I live amongst total dummies like in Idiocrazy. You´re all zombies

>>22250613
everyone knows it's a ponzi scheme

>>22250831
what about when theres only 10k left in circulation, what then?? 99% of the supply will eventually be lost, no matter how you twist it.
It would have to grow and grow in price forever, to work at a fundamental level, and thats why it´s flawed. Forever growth is impossible

>>22250613
daily reminder OP is a faggot, a commie, a retard, and a delusional brainlet
you can appreciate his sub 50 IQ here with 40 answers, while getting punched left and right
>>22241074
>Hdx0lF77

>>22250932
COPE more. My argument is still defeated.
Is it a good thing that 99% of the bitcoin supply will at one point be lost?? 5k bitcoin in circulation is a good thing?

>>22251009
UNDEFEATED*
UNDISPUTED*

I won. Bitcoin maxis BTFO

It´s gonna take some time for it to sink in, but it will. Don´t deny it, just embrace the truth frens

>Supporting bitcoin is unethical because bitcoin is anti innovation.
>Supporting bitcoin is setting human progress back by years.
>Stop being a greedy asshole, and stop supporting a system that leads to greater suffering of the human race.
>Bitcoin is anit innovation, and anti earth.
>Anti human and anti earth.
>Thats the big picture, now agree before I defeat you further
you are literally pissing against the wind
a lonely commie fighting for niggers
a faggot with yellow colored hairs and BLM sign

>>22250613

>>22250613
You will be dead in 100 years you fucking moron

>>22251068
>UNDEFEATED*
>UNDISPUTED*
>I won. Bitcoin maxis BTFO
seek help

>>22250613
We all know in 1 million years there won't be "humanity" as we know it.
Since "humanity" is 100% certain a dead end it is unethical to support it.

>>22250613
For thinking your so smart you don't notice the contradiction in your own post?

Will your life be relevant in 100 years?? No it won't. So if we can already predict it will end before 100-200 years, then what's the point of you continuing breathing. Save the oxygen for someone that will be remebered in 100 years. KYS retard.

>>22251361
are you samefagging now?
"ethics" is a buzzword
you either survive, either you don't
that's the fucking natural selection
do you think you can explain your philosophical bullshit to a hungry sub-saharan carnivore nigger?

>>22250813
it's the perfect solution anon, you just don't want to admit you're wrong

stay poor

>>22251361
we actually dont know that. We can´t know that for sure, but we can know for sure that bitcoin will be dead in x amount of time. It´s not built to last.

>>22250784
The most beautiful thing about bitcoin is that it's both infinite and finite at the same time.

>>22250613
>thinks he’s smarter than the market

>>22250813
>I have had a few drinks
I hope you are just drunk anon, seriously, seek help

>>22251558
>but we can know for sure that the universe will be dead in x amount of time
sure anon, sure

>>22250929
Forever growth is literally the stock market. Stop posting

Just keep adding a 0, sound familar?

Printer goes brrrrr

>>22250613
I, I cannot defeat you, I kneel...

>>22251977
no, it´s not. It will go down at some point as well. Nothing can grow forever you brainlet. Jesus this board is fucking retarded. Stock market has reached the peak. Once population growth go negative, stock market will take an even bigger hit.
Fuck this board is dumb, im superior to most of you
>Still undefeated

You guys are coming up with some seriois mental gymnastics to explain why 5k bitcoin left in circulation is a good thing.

Am I the only one holding my coins comfortably knowing shit hits the fan all the fucking time but recoveries always happen?

>>22250929
>Forever growth is impossible
Are you sure kiddo?
I really think it’s the USD to be flawed, not BTC.
With hyperinflation and kicking debt, stocks and BTC can only skyrocket.
It’s fucking economics 101.
Don’t try to outsmart the market or you will get burned. But I really think you are just barking without biting and you actually have zero skin in the game.
Post your short of GTFO and stop spamming this board with your cosmic delusion.

>>22252048
Lol wrong. Society’s ability to produce value/wealth will always increase. That’s what technology does.

answer one simle question. Is it good that 99% of the supply will be lost? Yes or NO, simple question.

>>22252084
how many satoshis and sub satoshis can that be anon? oh ya, infinite. your arguments are pleb teer

>>22252196
no, you´re wrong. What happends when niggers make up 80% of the world population like they will if current trends continue. Global IQ is already dropping every year that goes by. We are entering a looooong bear market now

>>22252084
>You guys are coming up with some seriois mental gymnastics to explain why 5k bitcoin left in circulation is a good thing.
cause it means there can only only about 250 people rich like me at that point
very bullish for my networth
it's fucking easy to understand
did you never look at an orderbook to understand how price is made by the market?
basic deman/supply? no? zero?

>>22252256
is it good that 99% of the bitcoin supply will be lost and out of circulation at some point? Good or bad?

>>22252303
it's fucking great, if you are a retard you will not survive, bullish

>>22252270
Singularity will happen before the world’s average IQ gets too low. AI will do the innovations for us, and at a much faster rate.

>>22252328
Ok then, I rest my case

>>22252333
Maybe

>>22250613
>So if we can already predict it will be dead in 100-200 years, then whats the point in continuing focusing on it.
lol

>>22252303
it would be irrelevant but also it's bollocks

>>22250697
>can be proven mathematically
can we see your math tho?

>>22250655
don't buy a phone in 100 years there's gonna be a better one and yours will be irrelevant

>>22253068
you could have said 2 years because every 2-3 years your phone becomes worthless antiquated piece of shit.

>>22253249
>every 2-3 years your phone becomes worthless antiquated piece of shit.
zoom zoom

>>22250613
>Be me
>VC investor
>It's 2007
>Come across Mark Cuckerberg
>Facebook is a worthless company because it won't be relevant in 100 years
>Invest in a 200k home because it will still be relevant in 100 years
Bery smartu indeed, retard-kun

>>22253249
not really, we are at 5nm, gonna be hard to reach 2nm, and even harder replacing silicon
unless cpu architecture will improve significantly, we will see a major slowdown in computing power increase, at least until they figure out how to use graphene or something like that

>>22253363
>we will see a major slowdown in computing power increase
i been hearing this every year since 2007 and it never really slowed down.

>>22253363
what will happen when we truly reach a technological limit on transistor size, is we start making 3d chips (multiple layers of transistors). that way transistor count will double each year again only problem is the heat dissipation gets more difficult, but that's again just an engineering challenge.

>>22250613
You are right in a sense, but you are too stupid to even understand why. BTC will die much sooner thanks to halvenings. So yes it is a mathematical certainty that it becomes unprofitable to mine blocks and secure the network, and barring other factors kill it off first (like Tether collapsing), BTC will not survive another 2 block reward halvings, which is 8 years.

A ticking timebomb was built into the protocol that requires constant transaction growth. If there is no growth, the network simply dies by default.

>>22251209
this

>>22250784
By the time it comes to that. The coin's value would be so deflated that no one would buy and the only retards left will be bag holders larping as nobility.

>>22253693
there used to be bigger jump. a computer from 1990 wouldve been obselete in 2000 but a PC from 2010 can still do allot of stuff

>>22250785
In 500 years, post scarcity will be. Universal medium of exchange, aka currencies, will be curiosities from the past.

>>22253809
Transaction fees make between 15% and 20% of block reward (today), with tax ranging from 2$ to 6$.
Mining hashrate will adjust to 2028 network fees rewards and everything will be fine. I’m ok paying 50$ or even 100$ for a casual tx, since BTC blockchain is an extremely finite resource (being truly decentralized and redundant, you need to pay for it).
Doomers get the rope.

You will eventually die and so will the universe, destroying anything you ever created or cared about, so why are you bothering with life anon?

>>22250613
This is a buy signal.

>>22254241
woke
max btc transaction number per day, at full speed, with all segwit optimizations, can reach around 600k per day, 220M per year, but in reality not all of them are segwit and we are around 300k-400k max per day, so assuming a realistic 400k a day, that's around 150M tx per year, for a 4.57 billion population with internet access, it's 30 year is everybody does a single tx, so competition to do a single tx on layer one will be an absolute race and fee market will be enough, alone, to sustain mining activities expenses

>>22250613
>reddit spacing
>nonsensical technobabble
BULLISH

>>22250613
FACT: BTC with its numerous upgrades will be alive until the heat death of the universe.


IN YOUR FACE OP!

>>22255158
Just imagine OP rage when BTC hits 1M in a few years, knowing he really fucked up, knowing that hundreds of biz bros literally told him to just buy the buttcorn, and he did not because he is an arrogant dumb prick and he just wanted “to be right” in an anonymous thread

>>22250613
>>22250732
>Fact 1
>90% lost in 100 years
This is nothing but your speculation and not facts, why take you serious when you make a fool out of yourself right at the start?

>>22250813
It's a perfectly realistic and reasonable solution

>>22251558
You make claims of the certainty of the future when it fits you, yet claim others doing the same is retarded. Do you have any self awareness?

>>22252221
>>22252303
It's neither, it just is.

>>22252270
As long as technology isn't lost (Which historically does happen) Society's ability to produce wealth does always increase. You don't need the average to increase, you just need enough smart people to push technology to advance.


One could sharpen an axe on this faggot's forhead

>>22250613
Everybody knows that, OP. But nobody will ever admit, because they only want to get rich quick.

>>22250697
>Since bitcoin is 100% certain a dead end (can be proven mathematically), it is unethical to support it.

Why do you find entertainment in intentionally posting retarded shit? You know this isn't true.

>>22250613
look up what sophism means op

>>22250697
gold is a certain dead end by the logic that btc would be. Yet gold is still valuable, even though some is lost as time passes

>>22255719
>they only want to get rich quick
you are confusing us with shitcoiners
BTC is obviously a “don’t get poor slowly” scheme

>>22250613
it's not. /thread

yeah but what you fail to mention OP is just how gay bitcoin is and how owning any of the commie faggot new world order jew money makes yous a defacto homo and penis lover/admirer

>>22250613
as long as bitcoin is a gateway to buying other coins on most exchanges it'll be relevant

>>22254901
a single lightning payment channel can do 25k tx/sec and you can make almost 150k of them per day which puts bitcoins testbench throughput to around 3.75 billion tx/sec after first day of doing so.

>>22256107
Of course it is... of course it is...