/biz/ - Business & Finance

>>29003678
thats 420 a minute. its a security feature when no one knew what to even see coming or what exploits would exist. theres a size limit too so someone cant clog the space.

ok

>>29003678
Satoshi made his shit 12 years ago and its still working

Vitalik and team work on their shit every day and it's still broken

Bank transfers take 5 business days

>>29003678
stop caring, bandwith and hdd are too low tech for visa perf onchain, just wait, plus it's not even a problem now

Bitcoin settles the same amount of transactions as fedwire daily.

Once upon a time, the block size could increase to accommodate higher network traffic. However, BTC was taken over by Blockstream, who wants to centralize BTC with their shitty lightning network, so they intentionally crippled BTC by locking the block size at 1MB and forbidding it from ever getting bigger.

>>29003678
Just use one of the many other currency coins with faster transaction speeds then. Surely they would have overtaken BTC's marketcap at this point. What's that? They haven't? Could it be because people value slow and secure over fast and loose. Looks like top economists and institutional investors sure do.

>>29003887
Thats an ameripoor problem.
Bank transfers take seconds in Europe

>>29003957
thats not why they did that. satoshi did that because someone so someone couldnt exploit it by sending big ass blocks too just to fuck up the system and fuck over miners

>>29003678
consider this, elon dumped 1.5 billion into boomercoin and it moved only 20%

>>29004107
>he thinks billionaires buy on exchanges

>>29003887
Reality kek

>>29003957

>>29003887
they actually don't take 5 days, the bank just likes to hold onto your money as long as they can get away with because every second it in their possession they can squeeze interest out of it

>>29003678
it's a store of value, no coffee money

Its share of the overall crypto marketcap has been dropping for a while, but that fact is masked by the huge increase in everything. First mover advantage and network effect don't last forever, especially when there are competitors that are better in every objective way.

>>29003678
and the usd does 0tps on chain yet it is the world reserve.

They have subverted bitcoin so that it off chain transactions through intermediaries like mastercard will increase it's value through velocity and adoption through the corrupt nepotism of the data, financial and tech companies that have sold out to the ccp.

>>29004144
how is that even relevant? his purchase did contribute to increasing the circulation.

>>29004249
>>29004410
people have been fudding the same fucking way since it was $1

>>29003678
That's why oasis / ross will replace btc. Winklevoss already are selling btc for it.

>>29003678
That's why BSV will win in the end.

>>29004249
monero chads feelin real comfy rn
can't wait for everyone to switch

What if satoshi's wallet coins will be used in the future as prizes like in the movie ready player one

>>29003887
Umm what? Is etransfer not a thing.

>>29003678
>7 transactions per second.
this wouldn't be a problem if there weren't millions of transactions between bots

BTC will never be replaced. It's the original, the store of value, it's gold. It's not meant to be traded every day. The people who got it first will never part ways with it. All the other cryptos that BTC has given rise to will be used every day. The ones that are faster and have cheaper transaction fees.

>>29003766
The network is alreadt getting spammed ny miners to inflate fees

>>29003678
stop consooming faggot

>>29004586
>if only miners didnt clog the network for their own gain

>>29004249
flat earth good

>>29004144
https://www.thestreet.com/investing/coinbase-reportedly-helped-tesla-buy-1-point-5-billion-dollars-bitcoin

Coinbase did it

>>29004677
>its gold
No, it isn't. Its bitcoin.

>>29004249
>whuts a pee en gee?

>>29003887
fpbp

>>29004253
this. The Fed's ((Discount Window))

>Holy FUCK

DUDE LMAO DUDE BRO

What price do they want algo to be stable at?

>>29003678
Blockstream fucked BTC up.
Not Satoshi.
As Satoshi left, innovation stopped.
The only thing stopping this shitcoin go down and being only a nice memory is hardcore shilling and censorship by crypto media.

>>29003678
Not scammed enough to sell it tho amirite?

>>29003887
Interbank level transfers are complicated though because the sending bank (bankA) needs to write off that 1000 as negative reserves to the receiving bank (bankB) where they act as a reserve debt, this is because all deposits are only fractionally covered and its more than likely that 1000 is involved in other debt structures and banks simplify things by just borrowing (at the banks rate) the money to be credited into the account. Ultimately every interbank transaction is simply debt between one bank and another
So bankB recieves a transfer from bankA, they will borrow 1000 from bankA and credit it into the account and vice versa, however,
If later on bankA recieves a transfer from bankB, instead of bankA borrowing from bankB they will subtracted it from the debts they have with bankA
It gets needlessly complicated as more and more transanctions are made so to simplify things most banks just tally the difference into one daily interbank transanction. This is why wire transfers often take a day or more to clear because it literally causes banks to restructure debt aggreements between themselves each day

>>29006745
Isn’t Adam Back Satoshi?

>>29007491
If he is, he didn't know more.
He had his life time event and that's it.
Since 2009 not a single big tech innovation happened on BTC.
Even more terrible:
The whole concept of POW + deflation is not substainable foever.