/biz/ - Business & Finance

>>49758991
>When Bitcoin hits $100,000
hahahahahahahahahahhaa

>>49758991
The public has realized bitcoin can only provide max 7 transactions.globally. per second. I admire your cofindence anon, but you are never getting that money back.

>>49759012
>hahahahahahahahahahhaa
I know, I know, I'd be selling early. But I'm not greedy, I just want $1000.
>>49759033
From my cursory, amateur research, it seems that Lightning network and other L2 solutions remedy this problem.

Congratulations, good sir!

>>49759083
Even if they did anon, they are not bitoin. You are arguing investing in Toyota because Volvo is doing well.

Invest into index and spend your thought on your close ones and yourself instead. You deserve it.

>>49759033
whats the maximum transactions per second of gold?

>>49758991
Smart cookie.

>>49759159
But lightning network is a means to spend bitcoin.
>>49759194
I believe it would be effectively unlimited.

>>49758991
>I am now the owner of 0.01 bitcoins that I acquired for the tidy sum of $205. When Bitcoin hits $100,000, I will sell and have a cool $1000 to spend as I please.

in 2028 when it gets to 100k, you will be able to buy half of loaf of bread with that, GG man, NGMI

>>49759211
I have never heard of lightnight network before.

And I predict, if they did solve the hard fundamentals of bitcoin, even sceptic like me would.


You can tell me I am out of the loop and this is the nes thing. I am sure you understand yourself that you would be far from the first.

>>49759220
Come what may, I have no regrets about gambling the paltry sum of $205 for the ever-so-slightly less paltry sum of $1000. If Bitcoin fails, I have my gold and silver. If gold and silver fails, I have my garden, my flints, my wool blankets, my knives, my axe, and my .243 win American.

>>49759211
>I believe it would be effectively unlimited.
the problem for gold is that it is difficult to transact with in small denominations across long distances. you have to wait and hope it makes it to its destination.
that's why we have/had dollars, coins, and checks. at prosperous times in history, they represent a portion of some hard asset held in a vault by the treasury
of course if you don't know the consequences of bretton woods and the federal reserve act, I suggest you start digging into those instead of listening to the retards on this board like >>49759033

>>49759352
That is indeed a limitation of gold, but it has little bearing on the question of how many transactions per second it can theoretically facilitate.

>>49759033
I think only smart money has realized BTC sucks. its dominance is not over yet. normies would buy BTC if altcoins start doing well enough too.

>>49759431
>theoretically
it takes as long as it takes to physically hand your piece of gold over to someone. if you're making a purchase from someone in a different city, state, or country, a single transaction can take days, weeks, or months

>>49758991
nice but you mean you are the proud owner of 1 million satoshi. basically a millionaire. good job anon, keep accumulating

>>49759194
Gold is the only alternative to BTC now? Really?

>>49758991
Absolutely based

>>49759526
BTC is the alternative to gold.
debt based monetary systems obviously don't work, which is why throughout history they've reverted back to gold 100% of the time

>>49759516
But the fact remains that all 7 billion people on the earth could, in theory, be handing gold to one another at the same time. There is no "network" to congest. I concede your point that there are other limitations to transacting in gold, but a hard limit on transactions per second does not enter into consideration.

>>49759524
>1 million satoshi
When you put it like that, anon... I think I might buy 500,000 more.

>>49759564
That is completely false anon. Sure you can invest in gold by bronze age logic.It is used for computer chips.

Me myself I think its overrated as an antifiat. Buy good land or an apartment next to a police house instead.

>>49759632
always think in satoshis unit. you wouldn't measure your personal gold holdings as tons but as grams or killos