/biz/ - Business & Finance

Btc is unique in that way which is why it will be around and always beat its competitors

>>28759714
Why do other coins not copy that feature tho

>>28759540
bump

>>28759804
patented code probably

Elastos

Google it

Only few know

>>28759540
not necessarily.

>>28759804
>>28761101
no brainlets it's just that bitcoin is durably unique.
meanwhile any random 50iq retard can make an other altcoin there will only ever be 21 million bitcoins and that's it.

>>28761101
its open source

I've heard of this new coin called Litecoin, it's pretty much the same thing. It's like getting into BTC at $800

How new are you all?
Most btc forks have the same halving scheme, LTC, Dash, Monero reward drops constantly, ZCash, the list goes on and on

>>28761448
I was asking about new coins that are worth $0.0001

>>28761490
There are rarely new minable coins since that would mean the devs would have to actively grow an ecosystem instead of copypasting some contract and minting 10 billion tokens out of thin air (80% in their wallet)

>>28759540
Doesn't every coin do this shit? Idiots have to be interested in it for the price to go up.

>>28759540
>>Mining difficulty doubles every 4 years
no you newfag
mining difficulty has doubled way more times during the last 4 years. April 2019 it was at 5 trillion, it's now at over 20 trillion. the difficulty depends on hashrate. more hashrate = more difficult it gets. otherwise blocks would get mined faster
mining reward gets halved every 4 years

>>28759540
one more thing to note the bitcoin codebase contains no code that would increase mining difficulty over time.

it adjusts difficulty periodically. it could as ell stagnate or go down over time as far as the code is concerned.

>>28761661
>reward gets halved
>difficulty to mine the same amount of coin doubles simple mafs

>mining difficulty
>block rewards
Those are not the same. Difficulty is dynamic, block rewards is a static formula.

>>28761800
difficulty is not the same as reward you absolute faggot newfag
are you fucking retarded

>>28759540
Monero is somewhat similar.

>>28761800
difficulty adjusts every 2 weeks (roughly) to the network hashrate measured by the number of blocks found in the time period

>>28762025
well actually it's the other ways around n blocks are measured how many time they took but that is almost the same thing

>>28761562
bringo

>>28759540
the price of bitcoin increasing is multivariate. its not simply that the reward halves. network effect and first mover advantage also play a big role. no one would adopt a dogshit premined bitcoin clone.

>>28761448

Monero block rewards will never drop to zero. Block rewards will gradually drop until tail emission commences at the end of May 2022. At this point, rewards will be fixed at 0.6 XMR per block. Why you may ask, it's because miners need an incentive to mine. Because of the dynamic blocksize, competition between miners will cause fees to decrease. If mining is not profitable due to a high cost and low reward, miners lose their incentive and will stop mining, reducing the security of the network.

Tail emission ensures that a dynamic block size and fee market can develop.

>>28759714
>Btc is unique in that way which is why it will be around and always beat its competitors

Not sure if you've been keeping up with current events but BTC has been getting its ass kicked by Monero where fundamentals matter.

>>28765449
Enjoy your govermnment assrape soon

Not a store of value. Hot potato currency AT BEST

>>28766836

>Enjoy your govermnment assrape soon

Delisting and banning? Yeah, already accounted for. Pic related.

>Not a store of value. Hot potato currency AT BEST

Fungible = store of value.

Not fungible = governmental blacklists.

>>28759714
>will be around and always beat its competitors
a way of saying digital gold

>>28759804
Jews like ICOs because they can make money from selling the coins to you. Real chads use proof of work algos.

>this thread

BTC maxis are always people who got in after 2016 purely for the sake of "making lots of money" despite being dumped on by whales.

Vertcoin. Next halving expected in December.