/biz/ - Business & Finance

>>52333513
Okay. It's still bottoming out around 10k though.

>>52333545
Good, I like cheap corns

>>52333545
nah, its going down to about 5k

>>52334130
even better

>>52334130
Nah, I heard 1k is inevitable

I like BTC maxis, even though I am not one. You guys are based.

>engineered to kill central banking
>except no using derivatives that’s cheating
Lmao, if people wanted this shit as bad as you say they would be pricing the derivatives contracts in BTC not USD retard

so when do you sell?

>>52334479
Never

>>52333513
>run a full Bitcoin Core node, don't trust, verify
Really necessary? Why?

>>52334771
it buys nothing to you if you never sell.

>>52333513
Serious question, what do you think of Bitcoin Cash as a side coin? Price is looking good right now.

>>52334803
cause you create, broadcast and validate your own transactions, and you help network redundancy
with Bitcoin Core you can create a PSBT and sign it using a hardware wallet like the Coldcard for example
it doesn't get more secure than that

>>52334879
Thanks

>>52334879
>cause you create, broadcast and validate your own transactions
kek.
Miners get to say the last word in what enters the blockchain. Goodluck with your cuckbox node.

>>52335144
miners don't give a fuck nor they know who you are, you pay them a fee and they include your tx

>>52334401
came here to post that

>>52333513
how do you explain this?

>>52335170
>miners don't give a fuck nor they know who you are
MIners can see the past history of your coins that you try to spend/receive.
They can censor your transactions by not selecting those to include into the blockchain.

>B-b-but I will pay moar transaction fee
Yeah, you will pay more for your transactions and you will wait for hours to get them enter.
While the govt will impose banlists on certain utxos which will make the miners on their lands mandatory to comply with.

But yeah, you ""create, broadcast, validate your own transactions""" LMOA

>>52335199
it's the trade off you pay to have extreme redundancy and decentralization
settlements on layer 1
fast transactions on layer 2
https://twitter.com/JosiasCarbon/status/1543504160267591680

>>52333513
I spent $300 on Bitcoin at 15.6k (:

>>52335219
go look at stratum v2
1000 small miners join a pool, let's say braiins pool, the pool cannot censor anything, since it's the small miner who find the hash puzzle solution to create the block
it means that it could be any of those 1000 small miners participating in the braiins pool to pick which tx and they could be located in any place of the world
aka, censorship is just impossible
pay the fee, and the tx will be included, that's fucking it

>>52335256
>muh layer 2
not decentralized then
just a bank branch
not your coins

>>52335424
it's my coins, i run my lightning node, have my own channels, i verify my LN transactions
cope seethe and dilate bcashietard

token not needed

>>52335424
That’s not how it works

>>52333513
>kill central banking
>still cashes out in fiat
retarded

>>52335521
>cashes out in fiat
never wrote or suggested that
this is native btc, no visa, no mastercard, no fiat
https://twitter.com/JosiasCarbon/status/1543504160267591680
the only few sats i spend are on bitrefill where i can pay with lightning and reload my anon sim and pay for groceries

>>52335551
still pegged to the USD albeit indirectly
hence still in fiat
putting on a dress doesn't make you a woman

>>52335619
>pegged
wat?
it's floating depending on the market rate
it's literally the opposite of "pegged"

9.1 Million of 21 Million BTC are tinted by Silk Road sales and the US government is allowed to legally seize them.

Can this happen with XMR?

>>52335734
they can legally suck my dick
all btc are tainted and none are
is there any market premium for non-tainted btc?
no, nobody cares, move on

>>52335734
>dude just imprison and torture 100 million people.

>>52335199
wow, who would have thought that having multiple parties verify transactions independently and securely would be slower than just sending the transaction to a central SQL database after checking your good goy status is valid!

>>52335759
>is there any market premium for non-tainted btc?
Yes. Exchanges reject BTC which have been transferred through mixers. They have to do this for money laundering purposes by pressure of the government.

>>52333513
Desperate plebbit tier faggot coping late adopter bought in 20 with stimmie desperate to get back to break even

>>52335289
Stratum is for the pool mining. You have RIOT and MARA mining corps which have 100s of thousands of ASIC machines. They are not pools. They control all those devices. They will uphold US sanctions on BTC addresses and utxos.

>>52333513
Only control can accomplish that goal though

>>52335734
>Can this happen with XMR?
There are no tainted Moneros.

>>52335868
https://www.nasdaq.com/articles/bitcoin-mining-company-marathon-will-stop-censoring-transactions-start-signaling-for

>>52335794
the exchanges that reject mixed btc reject xmr as well
why are you using a cex in first place?
am i recommending it somehow?
read the first post
>>52335868
mara fucked around and found out already

>>52335885
Correct. Same for phsyical silver, gold, dollar.
Does XMR generate revenue, growth and profit?

>>52335894
>mara fucked around and found out already
Found out what? They are still operating you idiot. You have no idea or oversight over whether they already censor coinjoined/tainted utxos in bitcoin.

>>52335897
>Does XMR generate revenue, growth and profit?
Yes, but I am in it for something else.

>>52335909
as far as i know they stopped
anyway, irrelevant
the point is that anybody can mine, even iranians or north koreans

>>52335934
>as far as i know they stopped
They are still mining you mong.
>Irrelevant
Crawl back to your narrative blanket.
>the point is that anybody can mine, even iranians or north koreans
Only if you can afford highly expensive specialized machines in large quantities. Muh decentralized.

>>52334838
Soon ICP is here with smart contracts for BTC. I will be able to lend you my BTC in a totally trustless way where the contract will liquidate your collateral automatically if anything goes south.

>>52335424
Why would layer 2 not be decentralized?

>>52334160
literally impossible

>>52334479
You 'sell' whenever youre comfortable enough and feel the time is right to directly buy property with btc, or other extremely hard assets that you have a use for other than store of value or investment. The other scenario i can think of is selling in the face of a genuine emergency, like your mom/wife/kids have cancer and you need to pay for treatment or something.

The general idea is to only ever sell for other irreplaceable things like property or the lives of yourself or loved ones etc.

>>52333513
Daily reminder, that Bitcoin has lost its value against inflation and interest rates.
Its architecture is flawed and is not apropiate for mass adoption.
Mining is the most stupid thing ever seen in the IT industry.
Bitcoin was used only for ilegal transactions and banned goods like narcotics or CP.
Bitcoin value only raised when speculators jumped into the band wagon raising the price ( as bitcoin has no value ) artificially creating FOMO.
Lighting Network is still experimental.
The network still requires exchanges that are centralized platforms and are regulated by central banks.
Bitcoin mining erased an uncalculated value from the real economy and raised electricity and hardware prices hurting working class people.
Mining as it is practice today fosters avarice and competition instead of cooperation, thus making the network slow, unresponsive and wasteful.

>>52333513
Not fungible enough