/biz/ - Business & Finance

>>50895326
for the most part he's not wrong except for one thing: Taxes are theft and blockchain is a solution to governments existing

>>50895326
>technology can’t solve economic and political problems.

>>50895326
Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value. Ever escalating recessions, poverty,wealth inequality, disease, pollution, slavery, conflict and wars are fundamental and necessary functions of it, not glitches, and every single financier or crypto dudebro is a literal parasite.

Technology cant magically fix the i herent cobtradictions and inefficiencies of capitalism and private property and as a matter of fact the blockchain only excarcabates them. All finance assets are purely parasitic especially crypto and money

>>50895326
>We can argue about whether proof-of-stake is actually an improvement. I am skeptical of systems that enshrine a “they who have the gold make the rules” system of governance. And to the extent any of those scaling solutions work, they undo the decentralization blockchain claims to have.
big true. PoW is shit.

>>50895326

Except blockchains do have a use in a money system that has no central authority. The problem is that this is the only reason you'd want a blockchain; everything else that doesn't allow you to transfer funds trustlessly, permissionlessly, and privately, is a meme.

>>50895326
kek he quite literally posted this at the bottom.

>>50895491
you sound like a loser, anon.

>>50895612
At least i am not a parasite or a 4channer

>>50895819
actually, you very much are a parasite. I can tell from what you wrote, m8. That's a big part of being a loser: being unable to probably provide for yourself.

>>50895326
Bullish for LINK

>>50895929
Nice projection, bootlicker.

>>50895972
You would suckle on gubbament boot in a communist system while working factory jobs.
Congrats on successfully derailing the thread, I suppose

>>50896002
Sounds more like something you would do.

>>50895929
>provide for yourself

Arent you a financier or aspire to be one? What do you think "passive income" is parasite? You think money can make money or work or labor? Money is fake and cant create value and every cent you "earned" via finance assets someone had to work for it and you leeched it. Like the parasite that you are. Parasite. 4chan parasite. You will die alone sad hated and in pain like you deserve

>boomer doesn't like new technology he doesn't understand
Many such cases

these "academics" are all seething cause they missed on btc, fr fr no cap

>>50895389
>thugs break into your home before you can access your firearm
>beat you with a $5 wrench until you handover the passphrase to your cold storage
>no chainlink to pay the private police to investigate
>another day in beurocracy free liberia

>>50896070
are you sure about that?

>>50896181
Yes. Boomers are a plague on society

>>50896200
If boomers are a plague then why are you in 4chan? 4chan literally deepthroats boomer cock 24/7 and the neoliberal capitalist status quo that they established. Braindead 4chan parasite i hate you so fucking much

>>50895326
(((Schneier)))

>>50895389
Sort of agreeing with this anon here but to be more specific, blockchain solves the problem of preventing normal people from being the jew. Right now only Jews can make money from transfer fees, lending etc. You could make a central database for this and “open source” it but you can never revoke the ability for the guy with access to the hosting server to change it up. Btc and more importantly blockchain allows all men, women, and niggers to be Jews in an unchangeable manner.

>>50895443
This says it all, the rest is basically fluff that is often said about anything
/biz/ will obviously ignore it to seethe about unrelated things, and it's already happening itt

>>50896272
>why are you in 4chan?
We are here forever, anon

>>50896584
I am only here to sabotage and hopefully be that little push one of you parasites need to do an hero

>>50895326
>the guy who literally wrote the textbook on cryptography.
Stopped reading there, you're almost certainly retarded and ARE certainly making a retarded argument.

>>50896060
Are you here 24/7? I look at a few threads in /biz/ and you're always here. What made you so angry? Do you take drugs, legal or illegal?

>>50895326
Truer words never been written. The moment BTC stops beign useful for the CIA the whole thing falls down.

>>50896860
What made you so compliant and docile is the better question also i am completely sober but i will exterminate your rotten world 4chan parasite

>>50895326
No one cares what some boomer thinks about crypto.

>>50895443
there is no politics there is only technology & economics

>technology can’t solve economic and political problems

XD

>>50896109
>not living upstairs and having the high ground on the third floor
>not having mirrors placed in key points so only you can use them to see
>not having big ass murder mutts living on your porch (no i dont mean shitbulls but those would work too if you're actually capable as a man to dominate them; I actually think these dogs work best as the one you would worry least about in losing in a gun battle or armed home invasiom, etc. Nigger dogs or not.
>not having a room downstairs made to look like someone is there sleeping under the covers already while you're cozy upstairs with your P90 or SCAR or other choice of bamboozling bullet slinger musheen
>not having back up power that appears offline so the [glow]niggers think theh actually cut your power
>not knowing the power of adhesives, foams, and chemistry (what you have never made a batch of goodies that can expand into a whole room or be whipped into the crevices of your opponents helm/mask)
>not having a big ass mannequin in the dark corner somewhere holding a rifle
>not being the fucking boogie man in your own domain
>not owning the knowledge to produce your own sneed-and-feed bombs that explode on impact into deadly shrapnel from formerly chucks
>not having an AI automated drone equipped with parts for 'deterring fauna and overgrowth,"
>no claymore roomba with same AI that only identifies niggers and intruders
>he doesn't own a fuckin old school bazooka or rpg with his own backyard made munitions
>no tank
>tfw you the anon nigger who made your gay ass post only have 1 bedroom and 1 gun


Cmon, anon... It's like you don't even think about cool stuff :(

>>50897440
kek. you are the most pathetic person in on this board and everyone in your real life hates you, including yourself

>>50895491
You sound like a communist faggot. I'll take my coffee black, like the dick in your ass.

>>50895491
The only solution is for us to be enslaved and have our cultures and food resources stolen by a centralized communist government that just pockets everything without the formalities of pretending that its under the guise capital exchange by transaction.

>>50895443
Guillotines are technology

>>50900607

he has you there, /biz/

>>50895491
Exquisite display of malding over not knowing how to play the game, or knowing what the game is even about, and then throwing a cuck fit over it. Under this thin veneer of outrage over perceived injustices, I doubt you give a fuck about other people. More likely that this nurtured resentment stems out of your self-perceived inadequacy.

>>50901672
>he thinks he can play the game
it wasn't made for you to win, it was made for you to believe you could win. this nurtured optimism stems out of your self-perceived adequacy. and when you inevitably lose the "game" you will, out of cognitive dissonance, blame everything but the game you have placed so much faith in for so many years. and will continue to advocate for the system that failed you as it was designed to do. you will never make it.

>>50896059
Nice comeback, LOL. NOT.

>>50895443
>technology can't solve economic problems
retarded society poster

>>50899189
>his entire existence is LARPing as a 13 year old playing call of duty

he's completely right t bh. everyone but most ardent believers already know the chains are bad.

>>50895326
Better listen to these experts
>The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works,” wrote Clifford Stoll, in a piece that has thankfully been preserved online for the ages. “How about electronic publishing? Try reading a book on disc,”

>>50897440
>>50896272
>>50896060
>>50895819
>>50895491

>>50901719
yeah well... the j-jerk store called.... and they're all out of You !!!

>>50902433
More experts

Yikes

from his blog
> In it, he makes several broad points:
> Yes, current proof-of-work blockchains like bitcoin are terrible for the environment. But there are other modes like proof-of-stake that are not.
> Yes, a blockchain is an immutable ledger making it impossible to undo specific transactions. But that doesn’t mean there can’t be some governance system on top of the blockchain that enables reversals.
> Yes, bitcoin doesn’t scale and the fees are too high. But that’s nothing inherent in blockchain technology—that’s just a bunch of bad design choices bitcoin made.
> Blockchain systems can have a little or a lot of privacy, depending on how they are designed and implemented.
> There’s nothing on that list that I disagree with.
funny because it's all bullshit and shows that Bruce has no clue what the fuck he's talking about
bitcoin has been useful to monetize green energy which probably makes him wet
bitcoin is censor-resistant and it's very hard to do anything malicious let alone enable reversals which would require that nodes stop verifying anything
bitcoin "doesn't scale" because it needs to keep its base layer as small and decentralized as possible by maximizing the number of nodes, hence it needs small blocks https://www.youtube.com/watch?v=CqNEQS80-h4
bitcoin is relatively private and doesn't claim to be completely private since that is considered a very hard problem to solve

the letter Bruce and his grifter buddies wrote is signed by very few talented people
the initiative comes from our favourite jew Stephen Diehl who seems to get excited from the idea that people are losing money with crypto : his entire twitter feed is filled with gifs and images of bears
Stephen's firm tailors to multinationals and he has a bone to pick

>>50895443
>technology can’t solve economic and political problems
The problem is the thesis that it meant to. Did anyone claim in the beginning anonymous payments and digital coins were a solution to economic problems?
If there is no need for technology in finance, why is the government interested in cbdcs? I mean, the system will evolve at some point, probably away from physical money.

>>50902989
>bitcoin has been useful to monetize green energy which probably makes him wet
Bitcoin has not done this.
bitcoin is censor-resistant and it's very hard to do anything malicious let alone enable reversals which would require that nodes stop verifying anything
It is not censor resistant. The rest of that comment is not related.
bitcoin "doesn't scale" because it needs to keep its base layer as small and decentralized as possible by maximizing the number of nodes, hence it needs small blocks https://www.youtube.com/watch?v=CqNEQS80-h4 [Embed]
So?
bitcoin is relatively private and doesn't claim to be completely private since that is considered a very hard problem to solve
It isn't good at privacy. Agreed

>>50895326
Ok boomer

>>50903063
get fucked
https://twitter.com/ercwl/status/1457114531314995206

and if you would stop thinking of bitcoin as just a money-making strategy you might notice how different it is from
> crypto
and what its actual purpose is
https://nakamotoinstitute.org/shelling-out/

>>50896346
Just a rich Jew kvetching about the greatest transfer of wealth in the history of mankind.

>>50902185
>larping
Come find out, fed boy
I wanna show you my eel tank ;)

>>50903499
Fuck.I forgot My ROLF pic related

>>50897511
Exactly

>>50895326
Half of these are just completely wrong claims.
How do they not replace trust with code?
Why do they need regulation?
Why aren't they decentralized?
How do they require trusted intermediaries?
> I postulate that no one has ever said “Here is a problem that I have. Oh look, blockchain is a good solution"

The problem Blockchain tries to solve is trusting the government or other centralized entities with your currency or whatever else.

>>50903641
yeah it's a genuinely weird take
they look at it from a boomer lens, as if the only possible world one can imagine is one based on the modern fiat experiment, and the only applications one can imagine have to work under that assumption

things like AMMs are very interesting but the main thing is the base layer which can be seen as a currency that improves upon traditional forms of currencies when it comes to their most valuable properties like scarcity

>>50895389
>the public ledger that reports all my transactions to anyone who knows my wallet id is going to prevent taxation
Retard alert.
>>50895443
Yes it can buy blockchains are just slower databases in most cases. They're only useful for storing public information.

>>50895819
>at least I am not a 4channer
>posting on 4chan

Don't forget. You're here forever.

>>50903806
>Yes it can buy blockchains are just slower databases in most cases
again you miss the point
why Bruce claims bitcoin is less secure than a database is just genuinely weird to me
how can a regular database be trustless to that extent

>>50903886
It's some boomer/normies thing I notice all the time.
They can't say they don't like something because of certain flaws but admit that it also has some benefits at the same time.
They have to tear it down completely and act as if it doesn't have anything going for it at all. The same way most people in favor of something have a hard time not trying to rationalize away any flaws with weak arguments.

>>50895326
>They still require governance. They still require regulation.
opinion disregarded

>>50895326
He’s right.
But also mainly because 99.99% of people are fucking retarded and the only reason they would adopt blockchain tech and Web 3.0 is to gamble and speculate, not because they want an alternative to the traditional banking system.
The hacks and liquidity issues that has occurred to “DeFi” and CeFi platforms has only exacerbated the normie sentiment of crypto, that it is a risky investment because they are unable to comprehend the concept of wallets.

This is why we will never ever see mainstream adoption in the way bullfags assume.

>>50904021
fair but that's not what the guy's saying
there's not much bitcoin on exchanges, so i think you're being pessimistic
due to the scarcity it's could just be a matter of time before the problem resolves itself, for example when the vast majority primarily relies on normal transactions / LN / Bisq / hardware wallets

>>50895326
Cars will fail because they aren't as fast as horses. These things take time to build.

Look at projects building the future:
ICPe- new internet
XRP- new financial system
MATIC- Web3
ENJ- gamefi
0xMR- privacy

This is how you should build your portfolio.

>>50900607
>Guillotines are technology

pure pathos. the guillotine solved nothing, and the person who had the most prolific use of it eventually became its victim. analogy to guillotine only makes his argument stand corrected, especially in the upcoming beast mode IRS coming for people that made it off crypto gains.

>>50904348
sorry tard but the only financial system worth it is Algo+Eth.

>>50896109
Private police would absolutely have an incentive to investigate. Because nobody wants robbers to just walk free, including their clients. Even if what you are saying is true, nothing would stop you from investigating yourself and getting your property back.

>>50895326
He didn't say much about the pseudonymous state of the blockchain, which is more or less the origin of the privacy problem most users are unknowingly plagued by

>>50895443
It has solved it, in a way, over the past 2 decades

>>50903063
>bitcoin is relatively private and doesn't claim to be completely private since that is considered a very hard problem to solve
>It isn't good at privacy. Agreed
Kek, it is not. Transactions can still be traced on block explorers. The only thing good at privacy at the moment are arguably zksnarks-built privacy protocols.

>>50895326
No first and last name. No username. No password. No email. No phone number. No date of birth. No address. No asking for permission. A good example of this freedom is online gambling and betting. Just use ETH. Also, odds are better as you can see the odds haven't been tampered with. It's all on-chain and visible. But nobody needs to know to whom which addresses belong. Whoever wrote that shit in OP is a short-sighted brainlet.

>>50895326
Working just fine for me

>>50905501
because kikes see anonymous, fair, voluntary, and unmoderated transactions between members of the general public as a flaw.

>>50895443
Sure it can. The primacy of running code over law and regulation explains everything from crypto to high frequency trading to Big Tech's datamining.

Captcha check

>>50906397
Finally got past the fucking captcha

being good at cryptography doesn't prove you aren't absolutely retarded at computer science or/and finance in general.

his main argument is practically "some blockchains are shitcoins".

yes retard but that doesn't prove anything on the big picture.

>>50895389
100% correct and based

>>50902989
>current proof-of-work blockchains like bitcoin are terrible for the environment
This man is clearly a moron. Why bother reading or thinking about anything he says?

>>50895443
that gif is cringe

>>50905860
That doesn't make sense at all. Privacy is a right and anyone who wants to shield their wallet/transaction history should be able to do that without any restriction.

>>50897440
rofl this guy has to be larping
keep it up