/biz/ - Business & Finance

>>25628967
moar

>>25628967
nothing. Next stop 1 million USD

>>25628967
who this

>>25628967
unironically niggers

>>25628967
cexes playing fractional reserve musical chairs like they’re already doing

a solar flare

>WE HAVE A WARRANT TO SEIZE YOUR UNAUTHORIZED MINING MACHINE COME OUT WITH YOUR HANDS IN THE AIR

seriously though if bitcoin reaches the trillions, raiding miners to compromise the network will be an affordable and effective threat to the price

>>25628967
Nuclear war

>>25628967
BSV

If all the institutional investors have actually formed a secret oligarchy to pull the rug out from crypto all at once to destroy crypto.

>>25629020
WHO CARES

>>25628967
chinese mining

>>25628967
Loss of miner motivation as the reward progressively decreases, and to compensate the transaction fees get expontentionally higher until BTC as a functional currency is even more retarded of an idea compared to alternatives such as Monero.

Plus, chainalysis and other block chain analysis tools becoming more relevent and understood in the sea of uninformed investors making them realize that BTC is even less useable as a currency when every time you pay someone or recieve BTC you expose your entire transaction history and habits and link your personal identity to that address.

Buy monero, get based. Private, fungible, low fees, monero.

>>25628967
FED goes after tether/china for manipulating btc's price, freezes assets and causes general chaos

>>25628967
Xi Jingpingpong

>>25629031
actual answer, just profit off of it while you can

>>25628967
There are no threats anymore.
Bitcoin is eating everything and will continue to do so for quite some time.

>>25629031
I'm new. I tried googling more on cex grypto trading fractional reserves. Is the volume doing this high enough to compromise the network? What does this mean?

>>25629075
i do

>>25629146
Its eating air right now

wouldnt surprise me if China created bitcoin so they are holding a shit ton of BTC

>>25629165
shit, how much air do we have left?

>>25629099
I was interested in what you were saying til you shilled monero.

mainstream adoption leads to governments losing control of monetary policy, they shut down all the entry/ exit doors to fiat

Biden. Unless trump sucessfully rallies the military, everything is going to dump into the negatives

>>25629473
>I agree with you until you pointed out your points shows there is a superior currency

>>25628967
Anon, I’m leg man. Your image did not dissapoint.

>>25629576
No. (((They))) already have large bags.

>>25628967
ETH

PNK sir.. the kleros court will hereby declare BTC as a shitcoin and of no use to vishnu and it will dump harder than you have ever seen before sir..

>>25628967

"Clean block mining" leads to a big shit flinging debate , followed by a contentious hard fork. This ends the bull run and sets us back 3 years until the next halvening.

US printing tons of their own "crypto" and buying out all the possible btc?

Tether + regulations. Brain Armstrong on suicide watch.

https://cryptobriefing.com/u-s-treasury-department-proposal-existential-threat-to-bitcoin/

>inb4 fags expecting to get rich with 10 BTC claim it's a nothing burger bro

>>25628967
Hardcore regulations. When you get institutions and waves of normies getting in there is no way this is not going to happen.

>>25629931
explain...

>>25628967
I'd love for her to squeeze the life force out of me with those amazonian thighs.

>>25628967
government regulations

>>25628967
There isn't much that's a real threat, the biggest is probably quantum computers. All coins before 2012 are vulnerable to quantum attacks.

>>25629099
ya im def gonna get some, btc will be around tho still, it will be like usd to btc in 2012, oh u use monero what are u a drug dealer? just use btc..Then all that tether fud comes crashing down just like the usd fud and ya monero becomes king, cycle repeats.

>>25631345
quantum computers will not be useful in our life times nor are they even really physically possible. Im double digit gub gub snail man, but read enough contrarian physics from very smart people to know this is true.

>>25628967
LEGGA

Stock market going down.
If there is no massive fuckery with Tether, which there is but let's pretend everything is fine, then the real risk is the Wall St dumping their speculative asset.
Bitcoin is going to take a shit 100x harder than the market when things start looking bad in the real market. Bitcoin goes hand in hand with the real market.
This in turn will make every normie scream about it being a ponzi scam when they suddenly lost 85% of their investments and that will invite hard regulation.

But the real threat is Tether. It's not fud and it's going to turn out to be one hell of a money counterfeiting and market manipulation scandal once it blows open.
It's going to be so bad that the entire crypto world might get completely outlawed or regulated to unusable levels, because that event will cause everyone go absolutely apeshit about losing money in the world's biggest scam.
Tether is soon printing few billion a month if this keeps up.

>>25630354
The exchanges as good as admitted they have been pumping the price with imaginary money and they also admitted in those documents they had only 74% cash and cash equivalent backing of Tether. This was when the market cap was only 950 million.
Market cap is now 22 billion and going up exponentially to keep the price rally going.

Tether is a threat whether you like it or not. Regulation is a threat. American destabilisation is a threat.

>>25628967
Its mining is going to be a problem. There’s not going to be much incentive. Also it’s not private which isn’t something most normies know. It’s not like cash or gold that can actually be anonymous. It’s like Alexa or surri money. Every time you do anything with it there’s a trail. Also any executive order that trump or kamala dream up.

>>25629110
This. Pooh-bear will get dumped on, lose his rag and execall crypto holders in China

>>25632176
it's really not, what are they going to do sell tether for more bitcoin? OH NO!

Plus circle's CEO has already said their regulated stable coin is ready to pick up the weight. It's literally a nothing burger for schizoid no coiners to feel better about themselves for either selling, owning xrp or being losers.

>>25629931
Tether was printed to trigger people into buying

And Brain is scared that up and comming regulations make crypto an clusterfuck no one wants to deal with.

>>25628967
Eth flipping it. That's why maxipads attack it all the time.

>>25632721
>the fact that bitcoin has broken those historical resistances thanks to fake demand isn't a big deal
fucking zoomers

>>25633151
it's not fake you retard, people are buying and selling it with more than tether and you have no proof it's not backed.

>>25633163
the government (OCC) legitimately just said US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

It's like you niggers never learn and will continue to be poor

>>25629020
its a generic slim brunette milf. go to the mall, you'll see 10 of them within minutes. get a solo too so you can quench your thrist you thirsty fuckin animal.

>>25629031
Yeah.

>>25633163
>and you have no proof it's not backed.

They do have proof of internal talks of how they printed money to manipulate the market.

Why doesn’t Tether just get audited and lay all the rumors to rest?

Instead they fired all their auditors, have private reserves hidden in secret offshore bank accounts, and even admitted they were using their reserves to purchase Bitcoin.

Not suspicious at all.

>>25633283
that's not proof you absolute, mong

hahahha

>>25629055
>seriously though if bitcoin reaches the trillions, raiding miners to compromise the network will be an affordable and effective threat to the price
This would not be a threat at all, you do not understand bitcoin

>>25629055
Bitcoin is an immutable tokenized ledger, the longest blockchain is formed by the highest amount of computing power and if you take out 1/4 of the Miners, or even 1/2, the blockchain still exists and the difficulty of mining and hashing transactions is adjusted according to the amount of computing power available.

Digital Art

>>25633304
Don't be so naive, its obvious whats going on.

>>25629050
A solar flare is the biggest risk to all electronically traded assets, and these can happen every 8 generations or so. So the chances of this happening in your lifetime is around 12%.

The last one was the Carrington Event.

>>25633283
Dude, we just witnessed a year of unprecented inflation, literally trillions of dollars were frontloaded on the assumption of future growth which we all know, does not exist, our planet is on the brink of destruction and we are bleeding it dry. The only question in this case is: where does that frontloaded debt go to? It goes into assets, and it literally doesnt matter what Tether or any other shitcoin does, BTC has been crowned the king of crypto and it is where people store moderate amounts of that inflation. In the future they will acknowledge that BTC is even better than every other asset and they will buy even more. Your little tether fud is pointless and stupid.

>>25633467
uh huh

wait until you find out what the USD is backed by

you're just sad because you're missing out on this bull run. keep crying wolf

>>25633472
If the internet crashes, and is rebuilt, BTC is still there, frozen in time. If the internet cant be rebuilt, no asset will save you from the apocalypse this would lead to.

>>25633509
it's all they have left, i noticed a ton of XRP foot soldiers turn into 'omg tether fraudsters' overnight

>>25628967
The world wide jewish communist takeover.

>>25633304
They have no audits. No attestation reports. If they were fully backed they would have provided this as evidence in court, instead they sat on the order for 19 months and continued to print.

The current deadline is due 15 January 2020, if they don't provide it by then -- it'll get funky

>>25633549
>a polcel
You will never be a man!

>>25633560

remember to take your meds!

>>25633283
nice 3-year-old smoking gun.

>>25633509
>they will acknowledge that BTC is even better than every other asset
>High fees
>Totally open blockchain allowing for analysis
>No incentive to mine as the difficulty increases unless fees increase expontentially further
>no fungibility (bitcoin can be 'tainted')

Get monero, faggot.

>>25633560
And then what?! You do realise that your little tether fud is essentially a tiny version of what actual investment banks and retail banks do? Ever heard of fractional reserve banking? Yeah, its a system where a bank only has 1/10 or even 1/100 of its investments backed by collateral, and even that collateral is crap often enough.

>>25633641
>they dont know how banks work or what 'backs the usd

>>25633614
The incentive to mine is literally adjusting to the demand. What kind of retard are you, no wonder you shill your Anonymoney, you have no actual clue about BTC at all do you? The purpose of money is not to be completely untraceable, the purpose of gold is not to be untraceable, not everyone is a schizo paranoia ridden idiot. Sure, its nice to be untraceable sometimes, but I dont need to have an anonymous savings account.

Cardano. It’s not quantum resistant at or scalable at all. If we have a completely decentralized PoS non-inflationary currency capable of 1,000,000 tps — why do we need a reserve PoW blockchain without smart contracts?

>>25633718
You sound like the type of idiot who wants Amazon tracking their cookies, all their conversations, etc. to send them better advertising suggestions on products they should buy.

Fuck tha.

>>25633614
Oh. And by the way, I paid about 100 dollars for buying 25000 dollars of an incredibly attractive store of value. If I held 25000 dollars worth of cash in my bank account for the next 5 years I would lose about 0.02% of that money every single day. House prices have more than doubled in tons of countries over the last decade, that is literally 8% less house every year compounded for each dollar.
I am not even American, but its the same here in Europe. Fuck your little monero fud, you are salty because your shitty alt is crabbing along for years.

>>25633839
>browsing the internet and having a savings account are the same thing
I dont buy or sell shit with my BTC, I will hold it forever and use it as top tier collateral to buy a house with.

>>25633718
>Incentive to mine is literally adjusting to demand
What are you going to do when investors realize, as they get closer to 21 million coins, that hitting the limit means the inevitable end to the network?

>Not every shizo is a paranoid ridden idiot
>Sure it's nice to be untraceable sometimes, but...
Pick one.

You get paid in BTC, this exposes your address to the world, and potentially connects it with you. They can see every transaction you make, small or large. You're essentially keeping your bank account balance and transaction history totally public and then treating it as if it's normal, case in point saying you're a schizo if you want reasonable privacy.

The only people truly winning with an open ledger are glows, and robbers. You buy something online in BTC, the merchant gets hacked, hackers find out that your BTC address has 1 mil + in bitcoin, and also conveniently your home address is in the merchant's receipt, aka how you were shipped the product.

This kind of lack of privacy is unacceptable in any widely adoptable currency. Not only can the banks and goverment spy on you, but anyone can.

>>25633944

Exactly
>imagine not managing your UTXOS

I would say XRP, XLM, UTNP, IOTA, HBAR are the biggest threats

>>25632106
Good analysis anon. This is how I took the recent news and it's good to know I'm not alone in feeling this way.

Now I am trying to figure out what happens after Bitcoin. I am betting on a few smaller technologies that I believe are faster, more reliable, and more efficient than btc. They may not ever hit the price of btc, but I am certain they will be more widely adopted by governments and corporations alike because of their adaptability.

>>25628967
>What is unironically the biggest threat to btc?
Reality.

>>25633283
>have private reserves hidden in secret offshore bank accounts, and even admitted they were using their reserves to purchase Bitcoin.
And the reason they did that is because the U.S. government keeps driving them out of banks and confiscating anything they don't hide.

>Oh no, obviously Tether is at fault here!

>>25629076
this

>>25634127
>he thinks that Miners only make money from mining and that the fee structure is not built around the fact that it incentivizes supporting the blockchain forever
>he thinks people will buy from *merchants* with BTC
Lmao, the only way I would ever "use" my bitcoin is by again, taking it as collateral or selling it on an exchange. Fuck off you retard.
Keep holding your shitcoin though.

when the power goes out

ETH, ADA, maybe DOT.
If you meant it like "will BTC die?", yes, probably. The protocol is a piece of shit that doesn't scale, after it gets to a certain point and it stops being profitable for miners it will go downhill.

OP, to actually give you a real answer to your question:

Yesterday there was an article about how Marathon's big new mining farm is going to KYC the fuck out of every transaction and will only allow transactions that meet their KYC criteria. They are 7.69% of the current hashrate. They are joining with a Canadian mining pool that has an unknown amount of hashrate.

If this type of forced KYC mining gets enforced onto a substantial majority of miners, it can effectively be a 51% attack against Bitcoin. Suddenly you're no longer permitted to use the Bitcoin UTXO that you bought five years ago because your exchange didn't KYC you back then. Oh, that address looks like it holds funds that were associated with a Silk Road guy, you might be a druglord. Hmm, this transaction was submitted to the network from an Iranian/Nork/TOR/Russian IP address, we're going to disallow including it in any blocks we mined because sanctions.

And if they get enough hashrate, they can reject a previous block mined by anyone who ignored their KYC criteria and try to generate a longer chain -- or maybe even bifurcate the system and refuse to acknowledge a longer non-KYC'd blockchain ever again.

This would completely destroy the "permissionless" aspect of Bitcoin. Maybe that's fine for Amerifats with access to the world's most overcontrolled banking system. Probably not so much to everyone else on the planet, though.

https://www.marathonpg.com/news/press-releases/detail/1220/marathon-patent-group-and-dmg-blockchain-solutions-to-form

>>25628967
OP, to actually give you a real answer to your question:

Yesterday there was an article about how Marathon's big new mining farm is going to KYC the fuck out of every transaction and will only allow transactions that meet their KYC criteria. They are 7.69% of the current hashrate. They are joining with a Canadian mining pool that has an unknown amount of hashrate.

If this type of forced KYC mining gets enforced onto a substantial majority of miners, it can effectively be a 51% attack against Bitcoin. Suddenly you're no longer permitted to use the Bitcoin UTXO that you bought five years ago because your exchange didn't KYC you back then. Oh, that address looks like it holds funds that were associated with a Silk Road guy, you might be a druglord. Hmm, this transaction was submitted to the network from an Iranian/Nork/TOR/Russian IP address, we're going to disallow including it in any blocks we mined because sanctions.

And if they get enough hashrate, they can reject a previous block mined by anyone who ignored their KYC criteria and try to generate a longer chain -- or maybe even bifurcate the system and refuse to acknowledge a longer non-KYC'd blockchain ever again.

This would completely destroy the "permissionless" aspect of Bitcoin. Maybe that's fine for Amerifats with access to the world's most overcontrolled banking system. Probably not so much to everyone else on the planet, though.

https://www.marathonpg.com/news/press-releases/detail/1220/marathon-patent-group-and-dmg-blockchain-solutions-to-form

BTW, just to be clear: people have been concerned about "what if the NSA buys up ALL THE MINING HARDWARE and censors Bitcoin?!?!" Well, this could end up being the government NOT having to buy up 51% of the network, but rather just enforcing their KYC/AML shit via "we'll shut down your operation and throw you in prison if you don't comply with these rules."

I read that 95% of the hashing power exists in a Chinese equivalent of Amazon Cloud. This would mean there's a single point of failure.

Is that true?

>>25634634
I absolutely dont get this shit. The Blockchain doesnt need these server farms, sure theyre nice to have, but at the end of the day, decentralization is the best case scenario for Bitcoin anyway, so if they kill their business somehow, or become regulated entities, then tough luck, others will quickly realise that mining becomes profitable again.

>>25634713
>>25634694
Bitcoin does not need server farms and it's not reliant on this or that. Everyone can mine it, and if all of the chinks and Canucks and Amerifat miners are gone, then others will pick up where they left off and the game begins again.

solar flares, quantum computers (crypto would be last we should care ahout thats fucked tho), chinese miners forking, binance/kraken/coinbase/huobi exit scamming would turn this bullrun into crypto winter real fast, satoshi wallet awakening would cause some reaction too

>>25634806
These arent really threats to Bitcoin. If the threats to Bitcoin are "Heat death of the solar system" then theyre not really threatening BTC itself. Even if Satoshi dumped his stack, people would gobble it up and scream for more. Exchanges are always a risk and theyre only really a risk because you hand your keys over to them.

>>25634127
stop spoon feeding the noobs

>>25633371
>>25633438

If you seize most of the miners, you dont shut them down but use them for 51% attacks.
Future wars will be fought about control of mining farms

>>25629069

If they do that, they'll be literally killing their legacy. At this point true investors and normies alike would only buy more and spreading out BTC even further, it would only moon harder and faster. But the same thing is happening right now where they posses the most. Either way they are fucked. The only feasible option would be to ditch the dollar and implement cryptocurrency for legal tender.

>>25634926
He didnt offer any valuable information.
>Think about your privacy, what if someone steals your stuff
American schizos like you are hilarious. Stay poor but private.

>>25635052
Enjoy the glows taxing you, and the nogs stealing your assets.

>>25635035
That is absolutely stupid. Even 2nd world countries could easily spend more than all of the current miners combined, and thereby become the suppliers of choice for the blockchain. Governments would just outcompete one another and the Blockchain would be secured.

>>25635052
>I paid about 100 dollars for buying 25000 dollars
>13 posts by this ID
seems like you're worried you bought the top broke noob, I don't need to worry about that bc I bought in 2013

>>25635106
Not an amerikek, I actually pay 0% tax on any crypto gains and as I said before, my BTC wont leave my wallet ever.
Keep shilling your shitcoin though. Its cute.

>>25635129
Oh no, you bought before me, how can I live with the shame? A random incel on the ch0n bought an asset 7 years before I did.

>>25629031
legit answer- how do you see this playing out should we hit the wall?

High fees.

>>25635404
And high taxes

>>25634745
>>25634781
You don't get it. No one needs permission to be a miner. Anyone can implement whatever mining policies they want.

So when 51% of the mining hashrate is controlled by mining pools that are forced to KYC all the transactions, the entire blockchain is censored.

You can't just go off and start your own blockchain. It will be ignored by the network, will become the minority chain, and no one will use it.

Other miners aren't going to force the creation of a second chain because the block rewards they get will be wasted when their chain is simply ignored to death.

It becomes a self-perpetuating destruction of the openness and permissionlessness that Bitcoin was founded upon.

>>25635123
So you want your Bitcoin to comply with China's social credit score system instead?

The threat is that enough governments band together to enforce their laws on Bitcoin. The SECOND threat is TWO competing ideologies which BOTH enforce their own laws on Bitcoin.

I'm honestly not sure which is worse.

This all depends on 51% or more of mining power joining these "we KYC the fuck out of you" pools. If not enough do, then things stay normal. Ironically, Russia and Iran may be the savior of Bitcoin civilization, because I don't see the Russians or Iranians ever complying with either China's or America's KYC bullshit.

>>25629099
>Plus, chainalysis and other block chain analysis tools becoming more relevent and understood in the sea of uninformed investors making them realize that BTC is even less useable as a currency when every time you pay someone or recieve BTC you expose your entire transaction history and habits and link your personal identity to that address.
this

>>25632106
>But the real threat is Tether.
this, at the start btc will pump to Neil Armstrong lvl, then when the regulation will hit an utter chaos will ensue, 99% of crypto could get regulated, the shitcoin space is totally out of control, not even funny anymore

>>25633509
nice opinions, have any sources on them?

>>25633641
except they're quite open about it, literally their wiki pages say the amount of reserves they hold, usdt - not so much

scaling. bitcoin has no path to decentralized scaling and no plan for decentralized scaling
the reclassification of p2p currency to store of value is an attempt to fit a narrative after the facts. bitcoin as a legitimate experiment, that is a revolutionary peer-to-peer programmable money, failed around 2016
bitcoin 2.0 is ethereum. bitcoin 3.0 might be eth 2, because there's simply no contender who understand the ethos and the point of bitcoin so far. but it's also possible for a new cryptocurrency to emerge and become bitcoin 3.0
bagholders will reee at this, even though this shouldn't be relevant to their bags. the value of bitcoin hasn't been correlated to its utility for at least 4 years, and clearly the market has spoken. it's possible this is just a consequence of inertia and bitcoin will fall down to 0, but then again gold is just as useless (in practical terms) and has survived for thousands of years. it is conceivable we end up in a world where ethereum (or a hypothetical new crypto) achieves the bitcoin vision while bitcoin becomes digital gold and remains insanely valuable
it is also possible people decide we don't need digital gold in the form of bitcoin, and/or that we value the ideals of bitcoin more than the reality of modern bitcoin. that is unironically the biggest threat to btc

tether. only newfags dont know.

>>25628967
xrp

From Ripple to the Swiss National Bank and Bank of International Settlements in two steps

SBI, a japanese megabank whose CEO is the head economic advisor to the prime minister of Japan, is one of Ripple's biggest investors. In November they tested XRP in the open market. It went well.

https://dailyhodl.com/2020/11/07/financial-giant-sbi-to-test-xrp-in-6-6-trillion-foreign-exchange-market/

SBI teamed up with SIX, a Swiss digital asset group. They are working with the Singapore Monetary Authority.

https://www.crypto-news-flash.com/ripple-investor-sbi-and-six-announce-joint-venture-for-liquidity-hub/

SIX worked with BIS (the ultra-elite central bank of central banks) and the Swiss National Bank test their digital currency.
BIS, Swiss National Bank and SIX announce successful wholesale CBDC experiment https://www.bis.org/press/p201203.htm

Bonus: Ripple worked with the Bank of England on a proof-of-concept
https://www.bankofengland.co.uk/research/fintech/proofs-of-concept/ripple

https://www.yahoo.com/entertainment/bank-england-pick-ripple-partner-125908421.html

BSV

It’s gone. It was trump.
The USA needs to have a democratic supermajority in order to inflate the dollar and entice bitcoin. Miami is considering investing, I’m not joking.
Once they have that, they’ll be able to use bitcoin as an incentive to stop capital flight to the digital yuan. They were desperate to make this happen, and trump hates digital currencies.

1) electricity gets banned
2) internet get banned
3) quantum computer will mine all bitcoin and you can’t transact anymore because there’s nothing to mine anymore

>>25637726
Covid has pushed us into a period of extreme dire straits. China’s digital yuan is already ready and being deployed.
They get the advantage here.
When they offer higher incentives for use (yield farming), and it lets the unbanked safely store their cash, it will be immediately adopted. Unless Bitcoin’s price is rising faster than any incentive, free currencies will not be their choice. They’ll use the Chinese governments currency. American loses all power on the world stage without the dollar - we’ve been increasingly separating ourselves from the rest of the world.
Digital currencies will see a use way higher than physical dollars, beyond the ease of use and faster transfers. The only way the USA can possibly compete is to stop the capital flight to the digital dollar and pray the us cbdc can somehow compete from there.

>>25636823
>same tether fud for past 3 years
>nothing has happened
keep coping

>>25628967
>biggest threat to btc
biggest? there is only one. nuclear war. but then it won't matter if btc is gone. everything else will be too

>>25637846
It has nothing to do with tether. Nobody cares about it. If it helps boost btc price, I can see it staying around for a long time. It’s more about the USA losing all power on the world stage to China.

>>25629055
Because trillionaires can't afford to have guards, right?

>>25628967

Unironically a blockchain large enough to host a decentralized emulated quantum computer. It removes the whole cooling problem.

Wow i cant beliebe nobody has said market crash.
Where are the so called high iq people on this board?

>>25628967
leftist politics

biggest threat to anything good actually

>>25635960
No you don't get it.

What happened to etherium once there was real disagreement about consensus? It forked, simple as that.

I would not worry about bitcoin itself though, the tech is shit anyways. The concept of blockchain is not going to be uninvented, just pick your favorite implementation.

>>25628967
>What is unironically the biggest threat to btc?
The people.

>>25628967
China doing a 51% attack

>>25638640
>What happened to etherium once there was real disagreement about consensus? It forked, simple as that.
Yes, but in this case, there would be no way to "fork" the mining.

You could "fork" and get two separate chains, one for ALL THE RICH COUNTRIES like the USA and Canada and Australia and Europe, which forces everyone to KYC their assholes wide open, and the "forked" bunch which remained permissionless and would comprise basically Iran, the USSR, and maybe a few archipelagos in the South Pacific.

Which chain is going to have the value in such a fork? Oh, right, Kiribati is an economic powerhouse and you'll be able to buy all the processed fish meal you want from them with your permissionless BTC bags.

Meanwhile, everyone in the U.S. -- you know, the country with ALL THE MONEY -- would be forced to use the KYCed-out-the-ass chain.

Which one ends up more like ETH and which one ends up more like ETC?

But even such a chain split still wouldn't really work, because any miner can direct itself to any chain (unless one of them decided to change the mining algorithm itself, which would make it LTC I guess), so the KYCed-out-the-ass miners could be directed in attacks against the permissionless chain if the governments wanted to try to sabotage it. Or not, they could just let it die, which is what would happen by default in such a situation.

>>25628967
>What is unironically the biggest threat to btc?
Gover's algorithm
https://qiskit.org/textbook/ch-algorithms/grover.html
https://www.youtube.com/watch?v=j02QoI4ZlnU

>>25629099
I'm guessing this bitch doesn't own any XMR

>>25639229
Vid was made by a couple a while back in sydney australia. If they're still together, I imagine they do infact own XMR.

>>25628967
Until the majority of the population uses it as a currency rather than a quick cash grab btc doesnt matter

>>25629099
>Loss of miner motivation as the reward progressively decreases, and to compensate the transaction fees get expontentionally higher until BTC as a functional currency is even more retarded of an idea compared to alternatives such as Monero.
This is how you shill.

>Buy monero, get based. Private, fungible, low fees, monero.
And this is how you give the game away. How do I know you've never successfully seduced a woman before.

>>25639194
Topkek. Who prevents me from sending my transaction to the uncucked miner in Kiribati, through a VPN?

>because any miner can direct itself to any chain
And still be the minority without being able to coordinate with all the other attackers. And even then they would just get blacklisted by the free miners and their attack possibly rolled back.

>ETC
Would be the prolapsed btc, because the usp of crypto would be gone.


I will spoonfeed it again - the concept of blockchain is not going to be uninvented. It is a way to create consensus between free individuals without the need for violent enforcement. If you want to mess with this group you are just going to be excluded from it.

I will agree that regulations etc. can cause harm though.

>Quantum computers
There are quantum resistant algorithms. This applies to crypto in general, probably not old man bitcoin.


>Solar flares
Tell me this will not fuck up fiat and everything else but shiny rocks and guns.

>Russia and Iran will save us
No, every government has an incentive to keep the cages on the dicks. What will save us is servers in space and the meshnet.

>>25639571
>And this is how you give the game away. How do I know you've never successfully seduced a woman before.

Because I'm on an imageboard posting shit about cryptocurrencies.

Still should look into monero though, the core technology is quite NEET.

>>25628967
Dude develops a new mining algorithm
Using fluid dynamic mathematics and a new breakthrough

Suddenly dude can mine the next block in 1 minute with his AMD Ryzen
Only mathematical analytical method specifically developed for bitcoins double sha256.

Suddenly the dude has enough money and decides to end the wasteful energy of other miners
He increases mining difficulty beyond every other miners capability thus slowing blocks down to 1 every hour which only he makes.

Then using his leet math skills the dude makes the next block be impossible to make, such as requiring the blockhash to be all 0s, that difficulty.

Bitcoin halts.
Shitshow begins.
The end.

>>25635960
Youve said it yourself, its highly unlikely that
a) global hegemon powers would band together and form a blockchain to undermine BTC
and
b) these governments even want to kill off the freedom of the blockchain

Arguably the longer it takes for these governments to understand bitcoin and crypto, the less incentive is there for them to actually go against it, because as someone said earlier, it is already open. If you hire people that can track someone on the blockchain, you dont really care about all the other shit.
Regardless, I think Crypto is not as decisive in the future. We are headed toward an actual climatic crisis with ripple effects that will not go away anytime soon. The size of mankind right now is 8 billion because that is the number of people our current system needs as either slaves or surplus gobblers.

>>25639909
>ripple
you got it right, man
buy xrp

It's tether but let's imagine they let them off the hook on the 15th because let's be real plaintiffs got rekt because they were greedy end of story.. what agreen candle this would be.

Analytical mining algorithm developed
Quantum computer breaks your private keys
Irregardless of difficulty your coins are now my coins

This is inevitable
Bitcoin wont survive another decade without major changes forks restructuring
Digital gold becomes digital scrap

>>25639964
kek

>>25634806
normie fomo virgin here, I just bought a bunch of crypto on binance. I am having trouble transferring this crypto to my exodus wallet. can a helpful /biz/chad bro help me out?

>>25639909
> The size of mankind right now is 8 billion because that is the number of people our current system needs as either slaves or surplus gobblers.
No one gives a shit and because they don't starve is why we have them. Most of them are not even good consoomers because they are dirt poor.

>climate
Not the board for it but recently had a dream about a movement which got popular with the kids, which essentially want to make Thanos happen. Would be interesting to know what the actual impacts are expected to be (he asked on a shizo website). Have ignored the topic completely.

>>25640795
You just withdraw bitcoin to your wallet adress...google and or youtube if you still cant do it. You usually choose something like "funding" header and then you choose your btc balance and withdraw and you should have something of the sort in your wallet. But you might want to get a coldwallet, hot wallets are shit. (Cold wallet = hardware)

Biggest threat is Bitcoin 3.0

>>25640952
pretty stupid take if you ask me. Malthus has been disproven time and time again. Halving the current population is not going to fundamentally change anything and most people actually have to be dirt poor because their wealth is drained away through exported inflation and direct control over their resources.

>>25628967
Its creator.

>>25641314

This shit’s retarded. Kek.

>>25641391
>Malthus has been disproven
link or search phrase?

>stupid approach
tell that to the people in my literal hallucination

>most people actually have to be dirt poor because their wealth is drained away through exported inflation and direct control over their resources.
What wealth do the beggars and drug dealers of the global south have?

Would like to read more about this, have not thought about that at all because only shizos do that but I am about to be rich now so either I am already one or don't have to give a shit. Care to elaborate?

>>25629576
>this kills the fiat

Gold

>>25641587
>kills the fiat
How you trade most real goods will always be determined by the violent people who can just seize your grocery chain or house or car or server or network relay if you can't prove you paid taxes or wear a buttplug.

The latter two is why we need meshnets asap.

>>25641796
and orbital servers

>>25639750
mathematically impossible bru.

>>25628967
helicopter money

>>25628967
Securities legislation that doesn’t allow people to purchase it as a currency and are enforced higher tax codes because of it. It won’t ever go away, profits will be held to account for normies

Also quantum computing

>>25629099
based also checked

>>25641575
Africa is one of the wealthiest countries and literally every country on earth could be rich and wealthy, but the rich countries that wield hierarchical power and military might dont even let these countries develop mostly. Not a "bleeding" heart, but let's not kid ourselves, the US literally sends soldiers to disrupt smaller emerging nation states in many interesting regions.
There is no moral or even lawful basis to extort and exploit the middle east, africa, latin america or what have you, but our system relies on assymetrical power structures and reinforces them as hard as it can, because it is a zero sum game. Just because youre rich doesnt mean you are somehow disconnected from humanity as a whole, even though it might seem like it nowadays. I think youre a good guy but you might want to reflect on yourself.

Malthus argued that there was a hard cap of like 1 billion people on earth a few centuries ago but he was disproven (as you can see)
his point is also missing the point. If you have an elite of rich nobles or "entrepreneurs" and blue bloods (old money) then there has to be a layer of poor people to support them. The middle class is just a buffer zone, because the elite realised that its very hard to rule a country when there are literally only poor people who have nothing to lose by overthrowing or attempting to overthrow the status quo.
Further to the point, globalism has exported inflation (look up beggar-thy-neighbour theory), industrialisation and violence away from wealthy countries to the poor countries.

Investing in itself is morally wrong if you will, but our rich lifestyle is inherently wrong also, and I know we live in it, but it can not be denied that profiting off of other's suffering and pain, no matter whether psychological or physical, is wrong.

I hope you will actually entertain these thoughts and not dismiss them.

>>25642144
There are quantum resistant algorithms which means crypto in general will stay.

>>25642144
>legislation
I really wonder how this will turn out or if it is even possible. Sure they need just to make it expensive enough to be infeasible but still - wonder if it is possible.

What about p2p exchanges?
>you pay a similar same illegality tax you pay on drugs

Going though uncucked legislations?
>taxes or whatnot

Using one of the million payment channels that internet criminals use
>plug them

Any ideas frens?

>>25628967
Kike.
if you mean in crypto maybe BCH, or ADA depends on what really ends up being more important to people.

>>25628967
how many satoshi to sniff her b hole

>>25642430
Nice thanks. Like I said, never really thought about it because lost hope in humanity when trying to talk to other people about politics ten years ago. Got not even (well-founded) disagreement, just discomfort and disinterest. Well if the sheep want to be sheared why withhold it was what I was thinking.

But a few things.

>morally wrong
Slave morality. Had that, suffered for it, learned my lesson.

>US literally sends soldiers to disrupt smaller emerging nation states
Wonder what they will do if the next iteration uses smart contracts. Don't even mean that rhetorically. I sense a way to get fucking loaded while still helping the poor (which is really nice don't get me wrong).

>Zero sum
Not quite. Innovation and automation. Which is also why I don't see why someone would engineer poor masses. They are just a side effect or at best deterrent. I'd guess the former though.

>>25642910
>Which is also why I don't see why someone would engineer poor masses.
Two seconds later it does indeed make sense.

>>25628967
size of the hands gives it away.

>>25642430
But then - what kind of society would you wish for? In light of the propensity of people to multiply until starvation I see the following options

>state controlled birth control
Never ever did that amount of central control lead to a bad outcome.

>Population control by hunger
What we have now

>Global UBI
http://www.bestshortstories.com/story/234117/billennium/


Inb4 wealthier people get less babies. Maybe. But things that reproduce more tend to exist more, so sooner or later the impregnation fetishists will outperform the grass eaters.

>>25629627
https://www.youtube.com/watch?v=Oy-idjc_uyg

>>25643163
>>25643000
>>25642910
I am not saying the problems arent complex, I am not even saying I am offering any kind of perfect solution, I could not. I will get back to you after the Zoom Session here.

>>25641914
bruv sha256 merkle-damgård function does not rely on any mathematical hard concept is just "confusion and diffusion" literally

sure thing bruv literally impossible to reverse say the hash made from 1gb file or whatever by the pidgeon hole principle sure

but bitcoin mining being a specific application there is no mathematical proof it cant be solved analytically and efficiently

u can see sha256 literally as a symmetric crypto function where you have the fockin keys