/biz/ - Business & Finance

>>26968364
good, lets pump it

not really deep into crypto i've used CBPro and binance, never knew you could short crypto.

>>26968551
gotta use kraken

how long until the wallstreetcucks pick up on this and pump it?

>>26968551

Hedgies create their own (financial instruments) so they can short things they don't actually own ... didn't you know ?

>>26968364
I'M SHORT ON HEDGE FUNDS AND I'M ALL OUT OF LONGS

>>26968775
(((hedgies)))

>>26968364
GME and DOGE gains will be dumped into BTC if these people have any sense

>>26969271
correct
crypto will coom and these shorters will get cuckolded

imagine having less than 10 BTC in 2021

>>26969271
I'm just wondering how we're supposed to win if they're going to print unlimited money to keep naked shorting and then bail themselves out at our expense to short some more.

Who the FUCK is going to buy Bitcoin at 30,000 dollars? Everyone is literally like "WOOw tHaT is SOOooOoo HiGH!! WhO KnEW iTd Get sooo BIG!!!"

>>26969392
Fuck off cunt I almost have one

>>26969501
black market enterprises/governments

>>26969501
Satoshi thought of almost everything , but he never realized people would be too retarded to understand fractions

>>26968745
We won't. Because this is a fake tweet and all your responses clearly show you are just trying to bait WSB to being your person army to short squeeze cryptoshit. Go sit in the corner and stonk yourself, faggot.

>>26969501
Thats what i dream women would say about my cock, then i wake up to my two inch boner and cry myself back to sleep

>>26969844
Forgot my stonkler image

>>26968364
You've been flaccid for weeks because tether stopped printing 200m per day you fucking retards.

>>26969844

Hedgie detected
shouldn't you be fudding in the GME threads?

>>26968364
if that's actually true all we need to do is buy it and then withdraw it from the exchanges but I have major doubts there's any big short position in bitcoin.

>>26968745
>how long until the wallstreetcucks pick up on this and pump it?
They're unfortunately afraid of bitcoin.
Ironic, really, since their whole thing with GME was to stick it to the man.
But when presented with an actual unregulated asset with actual volatility, they run for the hills.

Fucking redditors.

This is a good short don't fall for it. BTC is going to bleed to nothing, Tether is a scam and the Chinese are using it to wash money out via purchases, transfers, and transactions.
GME ALL THE WAY, MAKE THEM HEDGIES PAY

>>26968364
Delicious. I will happily await the massive squeeeeeeze to 100k

>>26969993
If we withdraw from exchanges then they'll just crash the price with a couple bucks shorting thin order books

>>26970056
There's no way Reddit has enough to squeeze bitcoin.

>>26968364
should i trade all my doge coins over to pumping this bad boy?

>>26970056
the feds are going to fingerfuck the really active WSB posters, fucking reddit fags cannot help broadcasting their entire existence and inner monologue and now they will meet real oppression for raising their heads above their troughs for too long

>>26968364
great they are holding the price so i can continue buying in

>>26969501
Just wait until it goes to $100,000 by the end of the year. You'll be crying that you didn't buy any right now.

this is retarded

that’s the hedge on gbtc positions. either way they win because they capture the gbtc premium of ~%20 they could care less which way the price goes

>>26968364
Bitcoin is going to fucking explode to 200% value once people make 1000% profit off of GME and decide to run away from Robinhood.

>>26970531
no u

>>26968364
Did the rise in bitcoin cause the short squeeze?
>Hedge fund shorts bitcoin.
>Bitcoin triples
>Hedge fund liquidates other short positions
>basket of shorted stocks starts to rise.
>different hedge fund decides to cut losses
>momentum traders jump in
>more liquidations
>long hedgefunds start to squeeze
>retail starts to meme
>absolute carnage

>>26969907
I got a pretty big one but no woman has ever seen it

>>26969501
people said the same at $10k

>>26969612
yeah lets just put muh black market/rogue govt finances on a public ledger fucking neck yourself you newfag niggerkike

>shorting bitcoin
>just as it's about to pump from people cashing out some of their gamestop winnings into bitcoin

Are we about to rekt even MORE hedgefunds than we thought we were?

>>26968364
unironically good, they'll make good money

>>26968364
>Shorting an asset known to be a hedge against inflation as the money printer burrs at the speed of light for 8 months straight

These people are too retarded to be trusted with money. No wonder they are being made fools of by redditor zoomers playing stonkz with their stimulus checks.

>>26969815
This. I tired explaining to my mother who really wants to get in on crypto, but she kept going "BUT I WANT A WHOLE BITCOIN THO!."

>>26970663
you mean GME? don't think so, the price has been creeping up on them for weeks/months

>>26971288
had the same discussion with my dad

tried explaining that he can get a fraction and its exactly the same profit potential but he said he wants some $10 coins

>>26969815
>>26971288
Why don't people just create a silly name for a 0,000001 bitcoin?

Call it a Bit Chip or Bit Shard or something
Problem fucking solved. This is just an image issue.

>>26970884
>doesn't know about schnorr and xmr/btc atomic swaps

>>26969815
Kek
>>26971735
>Satoshis

>>26969482
This

>>26970884
>t.

>>26969975
LOL tEtHeR

What happened to January 15th, FUDdies?

Seriously, what logic is there in shorting fucking Bitcoin of all things? Is this real?

>>26968364
damn so the whole time we were hype for "institutional investors" it will actually be our downfall?

>>26970056
>sticking it to the man
>surveillance coin
ngmi

>>26971735
bumping to show how uninformed our new reddit boya actually are.

the smallest little piece of the btc is called a satoshi

The institutions are bad, but you faggots have been praising them buying up the limited supply so that their hedgie friends can short it.

>>26968364
Many people short it when it goes down. Some even have bots that do it. It's not just hedgies

Good luck trying to squeeze that.

>>26974249

We just have to hold, then. We can outlast them, this is just their attempt to shake us out.

>>26969392
Almost made it... to 1/500.

>>26968364
BitcoinSV hit 9000 transactions per second on the chain.
To put that into perspective, the BTC network permits a maximum 7 transactions per second (it’s more like 3-4).

That fucking Aussie has something up his sleeve. I bought 21. Why the fuck not. it's the only Bitcoin still on the original protocol laid out in the whitepaper.

Does anyone believe the rumor that the reason went off protocol in 2017 was actually because Bildergers got involved ?

>>26970884
Like that one time where Bulgaria or someplace found its yearly GDP on some mafia cunts harddrive?

>>26970056
BTC is a midwit take. Gold is 1 stdv. Silver is 2 stdv.

>>26972474
The average iq of this board is sub 100iq now i'm sure of it, even the average tether fudder is just another pump and dump faggot.

>>26968775
is it really instruments so much it is creating concepts and convincing people to accept those concepts as things that can be bought and traded, cause that's what it seems like more often than not

>>26968364
Is that the new play with which you can fleece pol brainlets and reddit niggers ? Pretend they can buy something and "stick it" to the kikes or wallstreet while you unload your bags on them, not bad might try it myself.

>>26969501
I remember not buying it at $100 because I thought "exchanging my $100 to get 1BTC is a terrible exchange rate"
If I'd put in the money I put in last month, I'd be a millionaire by now

>>26974941
You just described almost everything to do with money.

>>26968364
What an obvious shill for people to buy BTC.

>>26971735
Call 1/10,000 of a bitcoin a Bit Buck. Would make it similar to common currencies.

>>26975192
well that's the thing, there's nothing any more special about hedge fund instruments than the money itself, it's all the value we give it, just as the concept of ownership is arbitrary until we get to the point we're convinced it's real, though I guess if you can cover it in math it becomes slightly more real, at least the theory of it if not the actual thing

>>26973718
ask anyone shorting from 2018 until it hit 3k

>>26969907
Feelsbadman. I'm with an 8" and I'm still probably just as depressed as you.

>>26975257
that's already a thing

>>26970062
What if some of these hedge funds are CCP run and backed by crypto via Tether printing, and they need to activate the Tether pump to back their losses?

Soon

>>26969501
Nigger you can buy fractional pieces of it and cash the fuck out,

>>26970461
I am crying I didn't buy gamestop a couple months ago. I'm not going to cry about bitcoin though. Thats chumnp change in comparison.

>>26971288
>If you only have the money for half a bitcoin and wanted to buy a loaf of bread for a quarter of a bitcoin, you can!
Now buy a whole bitcoin.

>>26976738
Fuck off

>>26968745
crypto is for cucks faggot

Jack Dorsey literally has #bitcoin in his bio

>>26974249
they can infinitely naked short it with fake money anyway. we basically just have to hope they trade in the same direction.

>>26970754
yeah and i said it when it was $200
noobz are dumb are dumb

>>26970062
Clinically retarded

>>26974709
I just bought a quarter pounder...I mean 0.25BSV

>>26968364
Why are hedge funds such fucking bastards.

>>26968364
Are you thinking what I'm thinking?

>>26979146
Squeeze baby.

>>26978752
Well it's either what I posted or it will crab like fuck for a few months. Definitely doesn't look bullish now

>>26979040
Dunno if you can understand this guys accent but he does a great breakdown of what is going on. https://www.youtube.com/watch?v=zuEOaxWRfkM

>>26969815
most americans think 1/4 is more than 1/3

>>26976738
Wrong

>>26968364
We have no clue what's going on.

>>26969271
Crypto will consume the dollar

>>26979040
BSV is a literal scam, ran by a psychopat. That's the reason it's been delisted everywhere.
Stay away.

>>26968364
>copycating WSB
LMAO.

>>26979890
Where was it delisted ?

>>26976738
This is not your territory anymore

>>26976738
how many bear charts are proven wrong in a single day on /biz/

>>26979666
but 4 is bigger

>>26968364
NO THEY ARE NOT! THIS IS A COORDINATED ATTACK ON GME.

Grayscale are Jews.

>>26980067
>implying I’m not buying both more GME and BTC

>>26968364
Musk going after them too
fucking
BASED

>>26969501
I remember people saying this at 600

>>26970461
Dude it’s already at 40k in the first month of the year, you think 100k is the top?

if you think hedgies are short on BTC long term you are straight up retarded. They may shake the market a bit down to 24k but BTC is 100k EOY.

>>26969501
the design of bitcoin is so that it absorbs money forever. well lets just say the design of the fiat system is a failure and the only way for crypto, long term is up

>>26969501
>Who the FUCK is going to buy Bitcoin at 30,000 dollars?

Anyone who isn't an idiot and doesn't want to be poor?

Market cap is 600 billion

you can't do shit. Elon could do it though

>>26979890
BTC segrated the signatures and so did BCH which gives them complete control and makes it centalized. The signatures hold everyone to account.

I suggest people get both sides of the story.
https://coingeek.com/crypto-crime-cartel-blockstream-needs-bitcoin-to-fail/

>>26971476
He literally said BTC you fucking retard. It's 3 fucking letters how can you get it so wrong. Whats fucking wrong with people jesus christ

>>26974709
>BitcoinSV hit 9000 transactions per second on the chain.
>To put that into perspective, the BTC network permits a maximum 7 transactions per second (it’s more like 3-4).

Bitcoin is secure, bsv (a pump'n dump shitcoin which stole Bitcoin's name to fool people into buying it) isn't.

>>26979890
Explain how it is a scam.

>>26971742
>xmr/btc atomic swaps
which don't exist because monero has no proper smart contract support which btc had since 2009.

Newfag question, what does "locked" mean? Is it just that there are no buyers yet of the thing you're trying to sell?

>>26981085
Bitcoin does have a bug. Also read up on Shor's Algo then wake the fuck up.

Yes, we could make a fucktonne off BTC but it's an energy hog. It's killing the fucking planet without fusion reactors.

>>26981328
Isn't the value of Bitcoin now determined by the worth of alternative currencies in general, rather than the proof-of-work model? I noticed GPUs are gradually returning to their pre-crypto prices. I'm probably Dunning-Krugering though. Nice ID by the way, sounds like a post-rock band.

>>26981282
no, it's akin to available balance
once someone finds the keys to your transaction you'll be free to trade again
friendly reminder that proof of work does not work and that XRP is literally the standard

>>26976738
checked and kecked, 18% green candle, the highest in memory.

>>26971735
>Why don't people just create a silly name for a 0,000001 bitcoin?
Yes, if only satoshi had thought of this...

>>26981085
>Bitcoin is secure, bsv (a pump'n dump shitcoin which stole Bitcoin's name to fool people into buying it) isn't.
You are an idiot.
Which coin is still on the original Protocol ?
Bitcoin or BSV ?
BSV is every bit as secure as BTC because it's still on the 2009 protocol. Telling people BSV is not secure is bullshit.
As for the name....

Segwit was a FORK of Bitcoin. BTC Forked. BSV did not fork.
Don't believe me ?
https://bitcoincore.org/en/2016/01/26/segwit-benefits/
Read it yourself. In 2016 there was a fork. Now what chain is that fork ?
Answer.... It's BTC

Also find the whitepaper on there.. Where is it ?
Not there. Why ? Because it's bitcoin in name only.

Stop scaring people away. BSV is on the original protocol with ZERO forks.
I hate nasty people like you. BSV is a great coin and the fact that they are doing 32 MB blcok sizes and 9,000 Transactions Per Second on chain is amazing..

But no, you people just trash a man's name who made many 10s of thousands of millionaires to the world.

>>26968364
wow -1bn.. that's like $100 for me and you

BTC needs to die. It's a dinosaur coin that's not needed at all apart from normies who doesn't have a wide crypto vocabulary

>>26968364
>this is why we've been flaccid for weeks
cope

How the fuck do you short a crypto?

>>26981556
Thankyou anon

>>26971735
god-tier bait and no one even realizes

>>26982213
>borrow x amount of y crypto
>sell it immediately saying you will pay back the lender by z date with exact x amount you borrowed from them
>if you're retail, you pray that it doesn't go up otherwise when you buy back x amount of y crypto, it will cost more than what you initially sold it for
>if you're a (((hedgie)))/whale, you laugh because when you and your friends all short at once you immediately drop the price down and make retail panic sell
>if you're wrong, retail gives a wedgie
Make sense?

>>26982940
But who the fuck is lending out crypto?

>>26968364
They are trying to lure you in and away from GME.

POOOOOMPEEEEEETTTTT

>>26983042
lots of exchanges allow lending

>>26983042
You can just jewgle it you know.
https://beincrypto.com/learn/shorting-bitcoin-how-it-works/
>goybase pro
>While these exchanges are great for beginners and do allow US customers, they are unfortunately not ideal for shorting, at least for beginners. While Coinbase Pro, (or GDAX), is rolling out margin trading accounts, it is doing so slowly and only offering them to high-rolling clients. Beginners are unlikely to be able to deposit enough funds on the exchange to be eligible at this time.
Big exchanges don't let retail burgers margin trade. You'll have to look elsewhere for that.

Is this the new calling for retards to moon your holdings?
>hedge funds are short on x with no real proof

>>26968482
also heard they're short PNK. what are we gonna do about that

>>26982213
ask grayscale

>>26970461
>>26980210
I have about $35 invested into bitcoin, it would need to go to fucking 10 million for me to make it worth the while at this point. Ship sailed for most people way back in 2015. Who the actual fuck can invest 30k into this?

>>26976738
I am holding anyway, this is no longer about money.
And you know what maybe then we will have even bigger hill.

>>26968364
kikes are about to get their shit pushed in.

>>26969844
shut up faggot. btc is based.

>>26968364
fuck ws

>>26969482
they keep printing money and pumping GME and our crypto? hows that not a profit for us so long as we hold and keep buying?

>>26968364
1 million or nothin

>>26983690
you don't need to invest 30k
literally invest whatever amount you want
if btc goes up 10% then your holding goes up 10%. can't believe I even have to explain this.

>>26984263
they can print and just use it to short . they can theoretically just suppress the price forever like they do with precious metals

>>26975728
its called accelerationism and its going to redpill more people.

>>26983690
>Ship sailed for most people way back in 2015
Imagine believing this

>>26969501
You’re NGMI retard

>>26984650
I know that. But if BTC goes up 10% I gain what, 3 dollars. I have around .001 BTC, so for every $1k that BTC goes up I get 1 dollar. If BTC goes up 100k I get 100 dollars. Not saying it's bad, but it's not something amazing unless I keep pumping into it at a steady basis.

Which upon further inspection does seem a 100x smarter move compared to having part of my salary go to some shitty retirement fund every 2 weeks. Sorry for being retarded ig

>>26980015
the fuck??? who is gonna buy the stonks now?

>>26985398
Didn't you buy the stock ?
In 31 days we'll find out who might buy them.

>>26981932
>zero forks
>several protocol breaking changes
>implemented by forking
>no forks though

>>26971735
wtf bros? How did Satoshi miss this?

>>26985639

The Satoshi white paper explains Bitcoin is intended to be a “peer-to-peer electronic cash system” that makes Internet commerce payments more cost efficient, including for “small casual transactions.”

Despite the clear intent of Bitcoin’s creator to scale the network and establish it as more efficient infrastructure for online payments, the Bitcoin Core protocol developers who assumed control of the Bitcoin project rejected scaling – limiting on-chain capacity to a maximum of 7 transactions per second, driving transaction fees sky-high; so now BTC is promoted as “digital gold” and a “store of value” reserve asset, rather than as the system of peer-to-peer electronic cash for daily use envisioned by Satoshi. The BTC network further strayed with the introduction of Segregated Witness (SegWit) which is a FORK!
Don't believe me ?
https://bitcoincore.org/en/2016/01/26/segwit-benefits/

Bitcoin SV has almost entirely restored Satoshi’s Bitcoin protocol, with no default limit on the size of the blocks on its blockchain and thus its transaction capacity. It also restored many of Satoshi’s original technical functions—such as removing artificial limits on the size and capabilities of transactions, and restoring the full original functionality of Bitcoin Script (the programming language used within the Bitcoin protocol). With unbounded scaling, transaction fees remain minimal and predictable—the median transaction fee on the Bitcoin SV network in 2020 was generally less than 1/100 of a U.S. cent.

Read the original website and particularly Bullet 3
https://web.archive.org/web/20101118005539/http://www.bitcoin.org/
'Bitcoin transactions are practically free'

Bitcoin SV is doing a great thing for the block-space.
Bitcoin IS supposed to be peer-to-peer electronic cash and NOT digital gold.
The man gets 32 MB Block sizes moving all day long on the chain and 9,000 transaction per seconds and people call him a psycho and BSV a pump and dump.

>>26981544
I only just noticed, thanks for checking!

>>26985639
>>several protocol breaking changes
>>implemented by forking
Name them

>>26984975
then put more money in it you miserable fucking poorfag
jesus fucking christ fuck off tourist

>>26971735
go back

>>26985892

honestly Craig is a dipshit and even if all the technical aspects of what you're saying were true, I would never want to be involved with something associated with him

You all think you are so smart... People are going to put their money into Bitcoin and they are going to get liquidated soon after. We got ahead with GameStop. And everybody knows at this point that Bitcoin is going to get pumped. And they have a plan for that. They're shorting it and they know that's a good call because their shit in the background you don't see that is already set up

>>26968364
Fuck Tether for ruining the flippening twice, but now we're all rooting for them.
They have an easier task than Robinhood poorfags.

>>26986536
do you want to let them win? ..... they shorted it since december..... their plan was all of that negative news you saw about bitcoin for the past month, every single bit of news was negative fud.... that is (((their))) doing... do you want the hedgefunds to win? we can beat them... teach them not to fuck with crypto....

>>26969501

Fuck off to reddit zoomer

>>26986393
>I would never want to be involved with something associated with him
You are. It's called Bitcoin.

The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime. – Satoshi Nakamoto, 2010.

https://coingeek.com/what-the-fork-happened-to-bitcoin/

>>26986572
you see, tether didnt ruin anything, tether fud is a lie.... tether fud is the hedgefunds manipulation... do you see, when bitcoin pumps, hedgefunds short then they bring up tether and claim they will ban all crypto? .... when they cant... and tether wont have a effect, but you fall for it and dump and stall anyway and the hedgefunds make money off pushing you back down to 2k..... then they leave... and you never hear of tether fud again.... until 4 years later you pump again and the hedgefunds come back to parasite and short and destroy the market for their gain... do you want to let them continue that and have their way all the time?

>>26974941
That's the definition of money

>>26986572
what do you mean

>>26981167
Exists solely on the premise on some schizo claiming he’s Satoshi
Said scammer is rimming government’s asshole and wants to make crypto non-anonymous and wants to make governments be able to roll back blockchain

>>26987293
BTC IS KILL

>>26987150
the impact that a retarded rumor or piece of fud news can have on the price is honestly so disappointing.

and it isn't even real, like people don't even believe the fud half the time probably, they just have to front run the dump, anticipating the reaction of others, and in doing so, they cause the dump.

I can accept that it happened years ago with China fud buy if we're still dumping 30% off a janet yellen tweet or whatever that's pretty fucking sad desu

so now the public know how to screw hedge funds over on their shorts....doesnt this effectively mean the cats out of the bag and no hedge fund will want to risk shorting as if it is found out everyone will just pump the shit out of it to screw the hedges?

>>26987470
SHHH

>>26987470
you underestimate their ego and overestimate their ability to learn from their mistakes

>>26986970
I don't and I am not sure I trust that the developers are not selling us out. Not raising the block size KILLED us with transaction fees in Winter 2017. I now think they were paid to take that hardline. IMO that is what killed us in 2018.

3 years later we see that blocksize was ZERO problem. BSV is doing 32MB blocksizes all day long and 9,000 transactions a second. How is that not sinking in, I'll never understand.
2 year of it can't be done! Well if fucking can and is being done.

That's why I am making sure that I at least keep my BTC and BSV holdings level. WE do not know how this will play out.
If you have 3 BTC fucking buy 3 BSV. it's a no brainer.

>>26971735
based

>>26982102
you could easily be talking about your mom

>>26971963
>>26982375
>the point
>your head
ofc nigga knows satoshi exists but he means a nigger-tier name for normies

>hedge funds are short

uh yeah thats literally what a hedge fund does

have you guys seriously never heard of the expression 'hedge your bet'?

just because they have short positions does not mean they are NET short. they could be long bitcoin and are just HEDGING against a possible move down. You know, so like, if it moves down they dont actually lose as much as if they werent hedged at all. Inversely if it goes up they will not make as much as they would if they were completely unhedged.

do you guys even understand the words you use

>>26987584
How can 32mb blocks be viable if btc blockchain is already like 500 gb ?

also, if btc is shit and bsv is based, why don't people like andreas antonopolous or Adam back support it ? you have mentally ill fake satoshi as your front man , its not a good look

>>26987810

..... they short certain companies and long other ones. They don't short and long on the same asset, wtf?

>>26987933
they do indeed long and short on the same asset

have you ever heard of selling covered calls

>>26987933
just turn off your brain

>>26984975
A 10000x is a once in a lifetime fluke, you tard. Like winning the lottery. Bitcoin could still do a 10x over the next decade which is still an amazingly good return compared to almost all other investments.

>>26987832
>How can 32mb blocks be viable if btc blockchain is already like 500 gb ?
It's not stopping the miners. They are hashing away. I just bought 4 8tb drives for like $400

>mentally ill fake satoshi as your front man
BTC supporters are vocally defending the Bitcoin white paper, even though the current maintainer of the Bitcoin.org website (a long time BTC supporter using the pseudonym Cobra Bitcoin) has admitted that Satoshi’s paper no longer describes BTC. As far back as 2016, Cobra wrote “the Bitcoin described in the paper and the Bitcoin [BTC] described on Bitcoin.org are starting to diverge.” In 2017, he even called the white paper “outdated and incorrect” in its ability to describe BTC, and “At some point, I think the paper will start to do more harm than good, because it will trick people into believing they understand Bitcoin [BTC].” Cobra has thus called for updating the white paper to more accurately reflect BTC.

Who's mentally ill? The guy sticking to the vision or the guy(s) throwing every dirty name in the book at him over sticking to the protocol and vision..

>also, if btc is shit and bsv is based, why don't people like andreas antonopolous or Adam back support it ?
1st off I never said BTC is shit. it's digital Gold but that isn't what Satoshi wanted. He wanted people all over the world to use bitcoin instead of money. So Andreas and Adam don't support him. Thier lives are invested in BTC and Segwit. Many others do support him. The big argument was that large block sizes would slow down the chain. 9,000 transactions per second has proved them wrong. It's not an argument at this point.

>>26969271
I think most of it was bought on RH. In which case they cant trade their doge for btc since they don’t actually own the doge

Wish it was true since there's no halt to save their asses in crypto baby

>>26987832
bitcoin is making headways to prune the shit out of the blockchain.

there is already ya project well ahead that let's you sync up trustlessly with other nodes not from the genesis block but from a hash of a serialized utxoset.

once the consensus protocol is altered that this hash must be included in every block to be valid, we can finally throw away 99% of the blockchain data. keep the headers only the last n blocks and the utxo set (the ledger).

>>26988489
i have mixed feelings about cobra he flipped off faketoshi but he is a stupid cashie.

>>26988489

Maybe BSV is better from a technical standpoint but you still have a major PR problem.
So if you're not sticking with the "brand name" bitcoin (whether or not the fork deserves the title) then it makes no difference if we use bitcoin1 or bitcoin2, we might as well use nano or stellar or whatever else.

>>26988688
Big if true... then we can just theoretically set the block size to whatever we want to enable more throughput and it won't matter ?

>>26989012
over time yes but there is an other component to this.
segwit enabled bitcoin to take large complicated sigscripts out of the main block. taproot will enable bitcoin to only include a part of the sigscritp in the extension block. thus you can make fuckhuge smart contracts execute with absolutely minimal burden.

this is a great capability multiplier for bitcoin layer 1 and 2.

so while bitcoin is blowing up what it can do with 1mb blocks it also moves to shed the global burden associated with larger blocks.

>>26988850
>Maybe BSV is better from a technical standpoint but you still have a major PR problem
In your mind. "The Tuvalu Government has today announced its plans to become the world’s first paperless society using Bitcoin Satoshi Vision" Sounds silly (who the fuck is Tuvala0 but think about it. it's a big fucking deal.

Craig Wright isn't BSV, there is a WHOLE lot of people involved. If he wasn't an alpha asshole we'd have 1 MB Block sizes and 3-4 transactions forever. He was there at the beginning and believes that Bitcoin should be worth over 1 million a coin and that we should be doing all our personal transactions with it. I don't see the problem.

So he's a cunt. Who cares.

>So if you're not sticking with the "brand name" bitcoin (whether or not the fork deserves the title) then it makes no difference if we use bitcoin1 or bitcoin2, we might as well use nano or stellar or whatever else.
Wonder why people are buying nano and Stellar.Could it be 1MB Blocks and 3 transactions per second with insane fees ?
BSV really is trying to stick to the whitepaper. BCH could have said that 2 years ago but not now and Segwir was a fork of the original chain. That fork was what made BCH.

>>26989012
https://github.com/jamesob/assumeutxo-docs/tree/2019-04-proposal/proposal

this is step 1 for trustless pruing chain pruning

it has been theorized for a long time, that bitcoin only needs the blockchain as a consensus mechanism. it's an extremely inefficient way to store date. doesn't make sense after consensus is reached.

>>26989323
>shed the global burden associated with larger blocks
Really? This is the 2017 argument. We are talking about .06 TB a year with 32Gb blocks. You think that is going to affect miners ?
How many BTC holders have the full blockchain on their home computer ? Not many.

>>26989583
and none shall have. because you only really need the headers to validate the proof of work, the utxo set to validate transactions you observe and relay and a few blocks on the top to participate in the network as a full validating node.

a smartwatch will be able to do that.

>>26980210
Btc Probably gonna dum back to 6k before the years up buy it then

>>26989774
Sounds good. I support both chains.
Different uses. I like 1/100th of a penny fees. Don't lie 2018 was a NIGHTMARE and sometimes your transactions still didn't go through for hours, while the market was dumping. Sounds like you know your stuff so you would have been there. It wasn't pretty. That's very very very far away from peer-to-peer electronic cash.

>>26990298
man i thought about this a lot. i could use bch to move my bitcoins between exchanges for lower fees.
but i won't risk life changing money on that network. that's my conclusion.
let's not even discuss how much i trust bsv netowrk and miners and devs because that conversation can't remain civil.

bitcoin removes trust. and sure enough the fees have to be dealt with, but let's not forget that they also provide. they provide the miners with sizeable appreciable income as block reward decreases (already on btc not on the big block chains), and it keeps the parasitic chains that shitted up bitcoin blockspace away because it's expensive. it incentivizes smart solutions and data efficiency.

so yeah who likes to pay high fees right? used to cost me $1 or less to send any amount in btc... we will see. personally i'm fine with lightning for small spending or even web wallets. for my savings i want layer 1 and trustless and the fees are nothing in that regard.

>>26990636
I don't disagree with most of what you said but lighting aint gonna cut it for Joe Public.
Sathoshi's vision isn't side-chains and layers. It's everything on the chain and trustless.
I don't understand the hate for Craig. I know he's a prick but really who gives a shit.
The reason I don't like BCH is because of their changing the transaction ordering scheme and introducing a new signature technique to make it a semi-privacy coin. Anyway. I hate to see people downing others int he space. there are alot fo good and bad people on both sides.

>>26984736
its not completely wrong tho. in the early days a poorfag could have got themselves many full bitcoins and if they still had those then they would be very rich now. of course you can still get in but you need way more money for that kind of gains now

>>26968364
a billion dollars in shorts is nothing on BTC

BASED ELON PRICING OUT THE NIGGERS

>>26991938
Bullshit
People think "oh man the days of crazy gains are over" *sigh*
But that's not true at all
Right now at the least you can buy future dollars from this decade for 3.7 cents on the dollar, seeing as bitcoin WILL go to $1 million (in 2020 USD Adj for inflation) this decade
Think about that
We rallied to $40k in JANUARY of this year and it's not even over yet
Every oldfag who saw this rally knew instantly as I did that this just moved the bar from $100k EOY to end of summer

Bitcoin to $10 million by 2037

>>26991792
>Sathoshi's vision isn't side-chains and layers. It's everything on the chain and trustless.
not exactly true
also who cares about not 100% trustless and permissionless when buying coffee? i don't.

>>26994125
point was that you need money now. back in the days it was so cheap that even a homeless person could buy multiple whole btcs and would be rich now if they kept them. now the average person can only afford tiny fractions of a btc and their value wont explode like that

>>26991792
>I don't understand the hate for Craig.
i perfectly understand i don't understand the love for him and the likes of him. there is a generation that likes the joker over batman that likes trump over... a fucking dog or whatever. a generation that likes this burn the world while smoking a cigar power fantasy that craig projects.

edgy cucks if you ask me.

>>26971735
isn't that already called a bit?
nice comma tho

>>26995132
i want a name for 0.0001.
it's what i see on bitmex it's what i count mostly.
at $10k it was $1 which was nice while it lasted.

>>26994856
all of that is happening because people are getting tired of the fake happy ignorant world huggers who are living in their unrealistic bubble while the world around them is burning

>>26987933
You can actually, it is called a straddle. You get rekt by fines if it doesn't move.

>>26976738
ip rangeban this bot

>>26995367
just because other people are retarded you don't have to go full retard in the opposite direction imo.

>>26994833
Well yeah, but that's a ridiculous and unprecedented standard to hold it to

If you believe, like me, that btc will one day go to $10 million and soon to $1 million, saying "ah shit well 7 years ago I could've bought that for $250 if I bought the absolute low, didn't sell before now and didn't lose my keys on an unproven new technology" I might answer you with "well yeah"

The gains we will still see are more than gme will ever be, even if it gets to $10,000 (~$40GME*250X) and they'll do that practically "for free" without anyone really on the losing side of the trade or needing margin, as money flows in to a new standard of worth measurement

>>26995658
of course not but its dumb to pretend that everything is ok when that clearly isnt the case

>>26976738
monthly candle looks fine now tho
click refresh!

>>26991792
Hal Finney begs to differ with your conceptualization

>>26988323
This. I put like 400 into bitcoin in March and I'm currently sitting on 1200 dollars. That's a ludicrous fucking investment for a single year. Some actual investment banks are PRAISED for 'yearly five percent growth', when you can literally triple whatever wealth you put into Bitcoin in a year.

>>26979666
It is.

>>26995751
idk.. i have to think about this. theres a way higher entry barrier when you arent so rich that you never have to think about prices when you walk into a store

>>26995778
i agree. shit is bad.
it's interesting what bch is trying with avalanche preconsensus btw. if they fix their retarded stance on 0-conf and they make sure the network is not vulnerable to 51% attacks out of being a minority hash shitfork with hybrid mining (and it gets accepted anywhere) i will use it. it's not beneath me. i just don't think anything can be good cash with a hard capped supply.

for ideal cash the supply must be infinitely flexible. kinda like dai. but that has it's own problems with eth and maker.

>>26979780
who woulda thunk he meant Gamestop all along

>>26983673
nothing fuck off shill

>>26983673
Do the needful sirs course

>>26990636
lightning wont have an onramp from onchain txs. if they carry on their current path (buy lightning with debit card) a new fractional banking system is inevitable. So much for 21,000,000 limit long term.

Fuck these cunts they really don’t want us to fkn win

>>26980062
But 1 is the same as 1 so they're equal

>>26996116
0.1 BTC costs $4,000
0.21 BTC costs $8,000
Think of it as the price of going /allin/

Back in the day it was much lower because nobody really thought it would work, excepting the very end of the bubble year 2017
In the years to come it will be much higher, remortgaging your house tier

>>26996505
i don't think you understand how lightning works.
lightning requires way too much bitcoin to be locked up in the payment channels. that will be fixed by multipath channels and shared liquidity pools.
but the total amount of btc can't change.
there is no such thing as lightning coin. it's bitcoin locked in escrow and layer 1 transactions withheld from mempool for convenience that form layer2.

>>26971735
Satoshi sounds like shit you fucking niggers that was his point

I'm going to use my GME gains after the squeeze next week to pump bitcoin and bankrupt more hedgies.

>>26996726
one problem would also be that i would probably have to move to another country to cash out without getting raped by excessive eurocuck taxes or find a way to buy things directly with the cryptos. eu is really the worst place you could live in if your plan is not to be a full time neet who lives with neetbux that are sourced from the astronomically high taxes

Good, I need more time to acoomulate.

>>26968364
shorts are off-chain transactions, they literally dont exist

>>26969907
My dick is too girthy, girls cannot deepthroat it.

>>26996879
if im using square, visa, and paypal to transact lightning, you dont think theyll end up"debiting" my account with lightning that i dont really have allocated somewhere? i think that will certainly happen.

Please inform me what the benefit of shorts are to any stock? I understand that shorting is a bet against the company, but with how jews can manipulate the prices, why are companies not complaining about shorts more? It seems to me like the whole purpose of shorts when performed by a jewish hedge fund is to bankrupt or crash a company's stock.

>>26969100
Based duke nukem posting oldfag. There are so few of us left from those days.
>BALLS BALLS BALLS OF STEEL

>>26969501
If people believe it's going to 100k, then 30k is a no-brainer.

Whether or not it will go it 100k is another discussion, but if enough people believe...

>>26997339
are whores who do such things the norm now? taking dicks in your mouth is one of the most disgusting and unhygienic things i could think of

>>26974017
fuckin love this meme.

>>26969844
Quit talking this “we” bullshit. It’s cringey and I’m dumping 2500 shares of GME this morning because of wallstreetcucks has takin all the fun out of it.

I hope the losses are tremendous

>>26997225
Some euro countries are now keyed on crypto than the US, like Germany, but yes most are fucking cucked
But I can't stop Europe from fucking you out of 40% of your rightful wealth, I'm sorry fren

>>26969392
I’ve only got 9, ngmi.

Should just kms.

>>26997644
well if you are using visa or paypal and they are not using lightning then you are not using lightning.

>>26969501
you mean $38000 right?

>>26998588
sometimes it feels like they are secretly keeping the soviet system alive. people who manage to make it and arent dependent on gov bux are shitted on in the msm and by the average people too and everything has high regulation and you have a tax class for every fucking kind of thing that the tax office has heard about

>>26998433
My dick is the cleanest part of my body. Take a bath you sweaty savage.

>>26970955
yes we are anon
50k EOW

>>26969844
jewish hands typed this

>>26998433
Oral sex is pretty normal, Muhammad.

>>26998433
you never wash your dick or what?
i personally wash it after i pee and before sex every time.

>>26968364
BASED ELON

HE KNEW

THAT'S WHY THE TWITTER PROFILE CHANGE

HE FUCKED THEM IN THE ASS

>>26969100
>IM LONGING BITCOIN AND SUCKING COCK...
>AND IM ALL OUT OF MONEY

>>26969482
>I'm just wondering how we're supposed to win
"you ain't"

>>26976738
Is this a Q? UHHHHHHHHHHHHHHHHH IM QOOOOOOOOMING

>>26982375
look at the shit being thrown around the doge pump threads and realize how far the collective IQ of this board has dropped

>>27001512
disgusting but not too surprising. women are really good with double standards.. like seething if you have some stuff on the floor while being totally ok with putting their tongues in shitholes and sucking sweaty piss sticks

>>27002929
i don't think it's only women who do that. men women and anything in between. generally referred to as people.

>>26998433
Dicks are fairly easy to clean though.

>>26969501
It costs $50k to build a rig to mine it. From that point on, it costs $8k to mine it. So yeah, you should buy a single coin for $100k.

>>26968364
Bump

>>26997936
Ive only been on Biz since 2017. On /b/ since around 2012. Was there when the dude killed his wife and posted it on /b/. Nobody seems to be around on any of the boards anymore.