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52804331 No.52804331 [Reply] [Original]

every crypto is useless except bitcoin

>> No.52804366

>>52804331
Every crypto is useless besides Hedera Hashgraph
FTFY

>> No.52804391
File: 17 KB, 398x398, Bitcoin-SV-logo.jpg [View same] [iqdb] [saucenao] [google]
52804391

>>52804331
You're right

>> No.52804410

>>52804331
>useless
What do you USE bitcoin for, what does it DO?

>> No.52804435

>>52804331
bitcoin maxis are unironically the single dumbest group of people on earth

>> No.52804542

>>52804410
store wealth and eventually money as more people do like me
I'm considerably wealther than if I kept euros and it changed my life, this is how I use it

>>52804435
why?

>> No.52804790

>>52804542
Holding/speculating on Bitcoin is not stupid but being a “Bitcoin maxi” and thinking no other crypto is valuable is extremely stupid. The vast majority of value that crypto will bring to the world will come from programmable distributed ledgers technologies (things like layer 1s and smart contracts). Permission-less money (Bitcoin) is a valuable idea it’s just not the MOST valuable idea

>> No.52805111

>>52804790
The market has literally dictated that Bitcoin is the far and away the most valued crypto asset...shitcoiners in their first cycle get rinsed and repeat!

>> No.52805140

>>52805111
Because it had the first mover advantage...

>> No.52805246

>>52804790
p2p existed since the early days of computing and it's useless at scale, there is no issue to solve in what you say. "things like", sure

>> No.52805261
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52805261

>>52804331
>every crypto is useless except bitcoin
what if there was another crypto that enabled native bitcoin smart contracts

>> No.52805318

>>52805261
Kek, ICP is a shitty bridge that does not enable bitcoin smart contracts in any way shape or form. Keep coping piss faggot.

>> No.52805361
File: 277 KB, 2340x1080, Screenshot_20221207_220615_Gallery.jpg [View same] [iqdb] [saucenao] [google]
52805361

If it's not PoW it's a centralized scam made to transfer your wealth to insiders.

>> No.52805367
File: 137 KB, 1070x561, Capture.jpg [View same] [iqdb] [saucenao] [google]
52805367

>>52805318
why do you just go on the internet and maliciously lie?

Bitcoin integration is released and it's not a bridge it's literally game changing tech

https://internetcomputer.org/docs/current/developer-docs/integrations/bitcoin/

>> No.52805451
File: 284 KB, 1511x2015, 281563512_5103204379775289_8145555589864878016_n.jpg [View same] [iqdb] [saucenao] [google]
52805451

>>52804331
>bitcoin is CENTRALIZED (thanks lighting network)
>slow to transfer
>expensive to keep alive
>NO PRIVACY
>not fungible for the reason above
aaaaaaand every other crypto is useless except Monero

>> No.52805807

>>52805451
when everyone have 10 tb fiber and 1000 exabit storage there will be zero "centralization" or speed issue, privacy is improving on bitcoin, the issue is kyc, monero is useless when those who care about discriminating bitcoin coins will discriminate 100% of monero

>> No.52805964 [DELETED] 

and shib

>> No.52806088

>>52804542
>store wealth and eventually money as more people do like me
drop from 64 to 17, no good use on it

>> No.52807220

>>52805807
yeah because everyone is hosting their own nodes on their private networks and mining using asics, right? fuck off. most people don't even own a personal computer anymore let alone shell out their disposable income on an asic. everyone's speculating. monero is the closest thing to an actual cryptocurrency that's used for anything besides that and even then only autists like me host nodes and mine. it's a losing battle but i will fight till the bitter end.

>> No.52807451

AVAX nigger.

>> No.52807714
File: 73 KB, 500x500, Earn on Insanity-Doge.com.jpg [View same] [iqdb] [saucenao] [google]
52807714

>>52804331
No

>> No.52808157

>>52805451
https://thatsbtcnotbitcoin.com

>> No.52808634

>>52804331
all crypto is useless and if you don't understand why you are beyond retarded

>> No.52808637

>>52804366
checked
but there are a couple others
and bitcoin is definitely not one

>> No.52808789

>>52805807
you are the definition of the peak in confidence and low in intelligence in the Dunning-Kruger effect. it's funny because you clearly have no sense of awareness of yourself, I have no doubt that you will fail in life further than you already have. stay poor and stay ignorant, you lead-poisoned downie.

>> No.52808796

>>52804410
It's the only uncensorable coin

>> No.52809633
File: 970 KB, 756x1008, 1642235949088.png [View same] [iqdb] [saucenao] [google]
52809633

>>52804331
To be a Bitcoin maxist isn't bad, but to assume every other crypto is useless is extremely stupid. Does it provide privacy, is it a web3 solution, what is its impact on defi. Have mindset shift, benchod.

>> No.52809655

>>52804331
Tickle symbol: BSV

>> No.52809663 [DELETED] 

gg/CTFk3hnsXD

>> No.52810237

>>52804366
haha, good one

>> No.52810253

>>52804331
the only crypto ive actually used for anything is bitcoin to buy steroids and semax online. most places accept litecoin too.

>> No.52810262

>>52804331
Good one. You're forgetting the fact that bitcoin does nothing other things can't and is only propped up by "investors" and bag holders.

>> No.52810269
File: 405 KB, 785x555, map-of-the-lightning-network.png [View same] [iqdb] [saucenao] [google]
52810269

>>52805451
LN is literally the text book example of a decentralized network.
Sorry you fell for memes.

>> No.52810290

>>52810269
>LN is literally the text book example of a decentralized network.
AHAHAHAHAHAHAHAHAHAHAHAHA HE FELL FOR IT
ENJOY YOUR CBDC TOKENS AND THANKS FOR PLAYING!

>> No.52810653

>>52808789
I don't because I consider I know nothing in the big picture, you on the other hand are completely what you're saying, I am not poor, you're just mad because I've said something which your brain couldn't understand before, you've got to be humble sometimes and understand that you don't know the truth either

>> No.52810684

>>52807220
if your argument is fair mining, this is very stupid because big entities will have an easier time stacking cheap cpus and computers to completely overcome "home" miners.

>>52810262
which other coin is more secure/censorship resistant than bitcoin?

>>52809633
without arguments there's no reason to. maybe monero can have some use but that's it

>>52806088
newfag probably

>> No.52810793

>>52808634
tell me what you consider as the best money?

>> No.52810841

>>52804331
>>52804790
who are you to say what is valuable and what is not valuable here. Bitcoin has value, so does ethereum so does dogecoin each in their own ways deal with it. protip, crypto has exactly zero use case right now so idk why you are getting all high and mighty

>> No.52810899

>>52810841
it's in the process of becoming money, there can only be one best money, the same way there can only realistically be one global economy, the market will select the winner, and there's nothing wrong in talking about which constitutes the winner, it's things like that which make up the market. there will be losers and it's also ok to talk about it. the best doesn't always win, but currently bitcoin is leading, and has strong arguments about being the best if you see long term.

>> No.52810923

>>52810841
>>52810899
and by the way the same applies for any other use case other than money, and currently unlike money there is no clear use case so the previous post applies even more, it competes against non-crypto solutions (I don't think crypto will succeed in this niche)

>> No.52811219

>>52810684
buying bunch of computers isn't hard. the hard part is maintaining the setup. it is not profitable to do at scale which is the point of monero.

>> No.52811277

>>52811219
if monero succeeds in adoption it will certainly be profitable, and there will be companies making ultra small computers for extremely cheap, maybe manufacturing a lot of cpu into the same computer with a special os to mine, the regular user has no chance, energy on the other hand is harder to gather at very large scale, please be rational

>> No.52811318
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52811318

ok anon

>> No.52811321

>>52811318
its literally useless

>> No.52811324
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52811324

>>52811321
Harvard, MIT, Oxford and a bunch of other major universities literally work with them
The cope is real with this one

>> No.52811333
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52811333

>>52811321
Also they’re about to scale Ethereum like no one else

>> No.52811429
File: 1.20 MB, 586x586, 1670330062299429.gif [View same] [iqdb] [saucenao] [google]
52811429

>>52804542
>I own it therefore it has use

Actual retard

>> No.52811453

>>52811277
mining rewards are simply not enough for mining to be profitable. like i said that is by design. as mining difficulty goes up so does your electricity bill and hardware costs. i don't know if i'm being irrational but monero devs certainly aren't.

>> No.52811508

>>52811277
No, the whole point is that miners should be decentralized and miners should be neets that run miner on their desktop while they are playing ARPGs and eroges

>> No.52811547 [DELETED] 
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52811547

>>52810253
I use Monero virtually everyday, sylo too can be used for p2p transactions and in-dApp payments.

>> No.52811943

I use monero pretty regularly for how little the crypto economy is developed in my area (or really the world). I've never in my life used Bitcoin. I even used Doge once as a meme.

>> No.52812280

>>52811429
I was asked how I used it, you have issue to comprehend

>>52811508
so what? you didn't read, I've told how what you're saying won't happen if monero grows, which it aspires to

>>52811453
are you talking about bitcoin? your post is confusing.

>> No.52812505

>>52812280
i'm talking about monero.

>> No.52812712

>>52812505
what is your point? there are fees also which rewards the miners. yes difficulty increases. that's how mining many crypto works. so what? sorry I don't get what you're trying to say

>> No.52812733

>>52804366
Hedera Hashgraph reminds me of Allianceblock bridge that utilizes many validators for security purposes.

>> No.52812765

>>52812505
and if it's not profitable I don't see how it would work, since it would make the network vulnerable to large entities attacking, profitability allows businesses to mine at scale and compete between each others making it secure. do you realize how weak a network is if it's not profitable? furthermore if energy is not the main ressource, but instead it's hardware/cpus, it will make the barrier of entry higher than energy powered asics. to distribute mining, it's better to have asics+energy, than a LOT of small computers which will also generate an enormous amount of waste to recycle. so it's a bit ironic that asic resistance can cause large entities to be able to control or attack the network more easily.

>> No.52812934

>>52804331
These oldfags are at it again, y'all need to chill a bit ain't no one disputing the fact that bitcoin is King of crypto, but why hodl when I can swap 50% of my hodling into wBTC for sylo liquidity mining via Uniswap. Think big anons.

>> No.52813008

>>52804331
pretty much

>> No.52813031

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

This kills the altcoiner

>> No.52813173

>>52810262
I wanted to say this

>> No.52813212

>>52811943
I use Monero too
Better than Bitcoin desu

>> No.52813218

>>52804331
Just curious how you got here!

>>52804366
Meds

>> No.52813293

>>52811333
>Ethereum
Basically the cure to everything
>>52811943
seems like everything btc intended to be
>>52804331
Lmfao, it may interest you that I use the sylo end-to-end encrypted messaging app to chat and make calls!

>> No.52813671
File: 1.20 MB, 1920x1080, NothingToWorryAbout.png [View same] [iqdb] [saucenao] [google]
52813671

>>52804331
>every crypto is useless except bitcoin

Really makes you think.

>> No.52814375
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52814375

>>52812712
>>52812765
if you were to plot profitability as function and difficulty as argument you would get something like pic related. once again it is by design to avoid miner centralization i.e. adding more miners would give you diminishing returns. everything else is just arguing semantics.
>it would make the network vulnerable to large entities attacking
>do you realize how weak a network is if it's not profitable?
mining doesn't have to be profitable in order for network to be secure. monero is plenty secure as it is for example.
>furthermore if energy is not the main ressource, but instead it's hardware/cpus, it will make the barrier of entry higher than energy powered asics
this doesn't make any sense. both asics and cpus/gpus are powered by electricity and turn it into cryptocurrency. it is not the hardware costs that makes setting up huge monero farms not profitable but the mining algorithm itself gives you lesser yield.
>it's better to have asics+energy, than a LOT of small computers which will also generate an enormous amount of waste to recycle
the idea behind monero's mining algorithm is to use spare cpu cycles of your personal computer to mine it. i would consider cpu mining wasteful only if you didn't use the computer you mine one for anything else. i for example mine on my server when there is nothing else going on. if anything asics are wasteful because by definition they are application specific so you can't use them for anything else but mining coin x or coin y.
>it's a bit ironic that asic resistance can cause large entities to be able to control or attack the network more easily
well, we're yet to see that happen and if it did it would be quite easy to tell who's behind the attack because you'd need shitload of processing power to attack something like monero.

>> No.52814990
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52814990

>>52804331
You are right prakesh bitcoin is useless, you should invest only in privacy projects.

>> No.52815514

>>52814375
you're mixing up profitability and difficulty increase it seems. obviously if monero wasn't profitable there would be zero miners.
regardless monero is certainly not secure compared to bitcoin. any resolute entity willing to harm the network, let's say a state whose currency is challenged by the potential growth of monero can make it unusable.

what I've said about randomx makes sense, specialized hardware can exist, call it asic or whatever you like, but if monero grows, there will be specialized techniques that involves enormous monero mining farms with a lot of "matter" used to mine, and energy to run it, so the barrier of entry is higher than just asics which are more efficient. instead of buying an asic for 5k, you will buy 5k worth of randomx miners. the difficulty adjustment is similar to bitcoin. if monero grows in use it will grow in price, pushing miners to always be more efficient, all that randomx is doing is requiring more "matter" in mining farms, and disproportionately favoring large entities that have a lot of workforce (in the case of global growth of the project). finding who's behind the attack doesn't really matter. maybe it's not as simple as you thought.

>> No.52815704

>>52815514
>you're mixing up profitability and difficulty increase it seems
maybe i didn't state my argument clearly enough but my point is that profitability doesn't scale when you mine xmr.
>any resolute entity willing to harm the network, let's say a state whose currency is challenged by the potential growth of monero can make it unusable
you would need a lot of hardware to do that. same with asics. given that everyone is now making their own chip fabs i wouldn't be so optimistic that bitcoin is safe from this threat either. as things are right now i'd say both bitcoin and monero networks are fairly secure.
>the barrier of entry is higher than just asics which are more efficient
not really. you can join a pool to mine xmr right now as opposed to buying hardware specifically for mining.
>if monero grows in use it will grow in price, pushing miners to always be more efficient
see? you can be only so much more efficient with general purpose hardware which is why setting up a big mining operation just doesn't scale in case of monero.
>disproportionately favoring large entities that have a lot of workforce
coins that are mined using asics already do that. how many people do you know who have their own personal asics?
>finding who's behind the attack doesn't really matter
ask yourself who uses monero and what will happen when you piss those people off.

>> No.52815762
File: 105 KB, 1920x1080, No-Compromise.png [View same] [iqdb] [saucenao] [google]
52815762

>>52815514
>obviously if monero wasn't profitable there would be zero miners.

lol most Monero miners these days are mining at an (acceptable) loss for purely ideological reasons.


>regardless monero is certainly not secure compared to bitcoin.

lol Bitcoin's hashrate is much more vulnerable to a governmental crackdown than Monero's.

ASICs need to be fabricated = permissioned.
ASICs need to be imported = permissioned.
High-profile mining operations = permissioned.
Access to the power grid = permissioned.
Cashing out to fiat at scale = permissioned.

In other words, Uncle Sam & Friends have way more leverage over prominent Bitcoin miners than they do over anonymous home miners running RandomX on their gaming rigs.

>specialized hardware can exist

RandomX is specifically optimized for general-purpose CPUs and can be tweaked as necessary to cripple any attempts to game the algorithm, Howard Chu literally mentioned this a few days ago on MoneroTalk. And remember that you're dealing with a community that has already proven itself willing to push through hardforks that cripple ASICs. See the CryptoNight saga.

>> No.52815953

>>52815704
no it's not the same thing at all with asics. I've just explained to you that without asics you would need a lot more hardware, or "matter" for each unit of currency used to purchase it. and don't mention the workfoce required for asics, because like I said it's much more efficient than randomx mining and requires less workforce, so better for the people if it grows.
big mining operations not scaling is just bad for security, like I said it makes monero easier to be attacked by large entities. I don't agree with this though ("mining monero doesn't scale"), since it depends on the price of monero and many optimizations can be found, technology always improves, but that doesn't change my answer.
if I was into monero I would really be worried about it, because it didn't took off like bitcoin did, as reflected by the level of demand/price, making mining not at all as profitable, add on top the difficulty of mining favoring large entities, this isn't serious for any ambition of being a global currency.
the barrier of entry was about a futur scenario where monero grows. currently it seems to work because no one really care. it doesn't have what it takes to be a global and "best" currency, maybe that's why.

>> No.52815993
File: 35 KB, 594x680, peer to peer for less than pennies.jpg [View same] [iqdb] [saucenao] [google]
52815993

>>52804331
I agree
https://twitter.com/metathomist/status/1601634917594431488
People are sending 10s of 1000s 1 sat transactions for less than a penny in total.
They are all received in the receivers wallet in SECONDS.
Micro transactions just like Satoshi said.

>> No.52815998

>>52815762
not spending any energy to answer to some premium cultist schizo when I've already addressed all already. read me, and if it doesn't click it's not my problem.

>> No.52816042

>>52809633
Bitcoin wasn't made for privacy though. There are other options for that, especially private wallets

>> No.52816120

https://thatsbtcnotbitcoin.com

>> No.52816276

>>52805361
But anon, i AM the inside

>> No.52818892
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52818892

>>52804331
That is how you will end up buying high and selling low again. Accumulate good low caps like AERGO, VRA, LOOP on Juno, and TRIAS for good returns. Don't say no one told you what to do.

>> No.52819258

>>52804331
You are really stupid anon, there isn't an all encompassing coin. Can Bitcoin give privacy or provide web3 solutions?

>> No.52819336
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52819336

>every crypto is useless except the shitcoin im deep throating

>> No.52819353

>>52805111
markets change. get ready to shit your pants in 2025 when BTC ain't the bees knees anymore.

>> No.52819424
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52819424

>>52805451
>bitcoin is CENTRALIZED (thanks lighting network)
Satoshi is literally working on it right now, that's how important lightning is. Have you ever actually tried to use it? It's pretty fucking impressive.
>slow to transfer
Lightning fixes this
>expensive to keep alive
If there were no incentive to mine it, it would have died by now
>NO PRIVACY
Taproot obscures txs now

>> No.52819588

>>52818892
Mentioning lowcaps without ORE and ALBT on list is pure cope.

>> No.52819602

>>52819258
OP is a fucking retard, projects offering web3 solution and breaking the barrier to entry into blockchain tech are the next trend going into the bull season.

>> No.52820669

>>52819602
>>52819258
I tried but didn't see any benefits of web3 over the current architecture (I'm a developer, how about you?)

>> No.52821679

>>52808634
i agree, its a big yikes from me and an updoot for you sir, im sticking with my dollars, and brick and mortar banks, thanks a lot. i trust those people to handle my cold, hard paper dollars responsibly and im perfectly fine with the practice of fractional reserve banking, which is lucky because they all do that. anyway i just wanted to say THANKS for your input, your right on the money, and i gotta go now to donate to israel. democracy aint gonna defend itself, thats for sure. peace out!

>> No.52822292

>>52804331
Every crypto is useless including bitcoin. This shit is a fucking ponzi scheme, retard.

>> No.52822310

>>52819353
2025... 2025... this stinks of Chainlink fan fiction. You're not going to make it.

>> No.52822316
File: 2.44 MB, 1200x1363, 1647892718445.png [View same] [iqdb] [saucenao] [google]
52822316

>>52804331
Bow down to your new king

>> No.52822420
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52822420

>>52815998
>not spending any energy to answer to some premium cultist schizo when I've already addressed all already. read me, and if it doesn't click it's not my problem.

Did you? I seem to have missed the part where you addressed:

>ASICs need to be fabricated = permissioned.
>ASICs need to be imported = permissioned.
>High-profile mining operations = permissioned.
>Access to the power grid = permissioned.
>Cashing out to fiat at scale = permissioned.

>In other words, Uncle Sam & Friends have way more leverage over prominent Bitcoin miners than they do over anonymous home miners running RandomX on their gaming rigs.

>> No.52822425

>>52804790
>in a world full of corruption and lies the best monetary measurement tool isnt that valuable
this is your brain on 4chan

>> No.52822431
File: 29 KB, 1116x355, ItsOver.png [View same] [iqdb] [saucenao] [google]
52822431

>>52819424
>>NO PRIVACY
>Taproot obscures txs now

What do you do when nobody gives a shit?

>> No.52823108

>>52804435
Post your holdings to btfo them

>> No.52823358

>>52822292
tell me what you consider as the best money?

>>52822420
yes, read me. he's a schizo, many things he says are retarded. for instance bitcoin aims at being money, not being "cashed out". power grid control. asics somehow controlled by the us. don't waste your time trying to understand schizo, they will say cryptography is always backdoored, things like that.

>> No.52823495
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52823495

>>52823358
>many things he says are retarded.


>for instance bitcoin aims at being money, not being "cashed out"

Corporate miners have to cash out their earnings to pay expenses, take profits, etc. That means they require access to trading platforms and the banking system, which are permissioned and subject to restrictions. Being cut off from said services by order of Uncle Sam thus remains a viable threat vector.

>power grid control

Access to the power grid for industrial-scale mining is permissioned and subject to restrictions, being cut off by order of Uncle Sam thus remains a viable threat vector.


>asics somehow controlled by the us.

ASICs have to be imported into the country, Uncle Sam controls the border. Being cut off from access to new hardware by order of Uncle Sam thus remains a viable threat vector.

>> No.52824042

>>52823495
I told you bitcoin "aims" at being money. it currently isn't. you answer like if it doesn't aim to be money. red flag 1

uncle sam refers to one country. you answer like if this one country controls energy everywhere on earth. also ignoring that energy doesn't only come from the power grid. red flag 2

you answer as if the us controls all borders which is obviously again stupid. red flag 3

3 red flags. either someone really lacking or trying to bait very badly (proper bait doesn't leave any red flags visible). not using anymore of my time sorry.

>> No.52824212
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52824212

>>52824042

Uncle Sam in the US, the equivalent in every other country, genius.

If your contention is that industrial-scale BTC mining operations ANYWHERE in the world can defy governments with impunity then you're even more retarded than you seem.

>> No.52824318

>>52820669
You don't think self-custody of generalized financial assets/contracts and unfettered access to decentralized exchanges is valuable? Do you not see the utility in a decentralized economy with minimal restrictions and counterpart risks?

>> No.52824938

>>52824212
how about countries that made bitcoin legal or even legal tender? you're stupid if you think government can prevent bitcoin mining. that's the same kind of thoughts than goverment being able to prevent illegal activities, criminal activities, terrorism, etc. they can't remove it completely, they cannot. god I regret answering and giving you more time.

>> No.52824965

>>52824318
I think it's valuable. but I know it can be done without this web3 thing. bisq is an excellent dex, token not needed, for instance. as long as you have a currency like bitcoin, you can build anything you want on it.

>> No.52825086

>>52824965
How do you build defi without smart contracts? Also do you not need a decentralized internet (real web3) for defi? I would think that otherwise your "defi" isn't much different than a CEX. Note that I agree certain platform tokens are not needed, but rather a network token like ETH is to facilitate the defi infrastructure.

>> No.52825194

>>52825086
there is smart contracts on bitcoin so I'm not sure what your point is. not so long ago there was a simplified language released, named miniscript, check this if that interest you. really, all those other things are not needed. you don't need a "decentralized" internet you need "decentralized" money, which is a network itself.

>> No.52825249

>>52819353
Guess who got rinsed in the shitcoin toilet?

>> No.52825321

>>52824042
You clearly dont understand the difficulty adjustment or the fact that a currencys evolution from a store of value/medium of exchange into unit of account doesnt happen overnight retard

>> No.52825322
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52825322

>>52824938
>how about countries that made bitcoin legal or even legal tender?

Oh, so now we're depending on governments keeping Bitcoin legal? Yeah, that's totally foolproof, genius


>you're stupid if you think government can prevent bitcoin mining.

lol I just explained to you how easy it would be:

1) Cut miners off from trading & banking services. That cripples their ability to conduct business.
2) Cut them off from the power they need to run their massive mining farms. That directly cripples the hashrate.
3) Cut them off from access to new hardware. That cripples their ability to upgrade and replace broken units, which in turn cripples the hashrate.

BONUS: raid their mining farms, seize the hardware and turn it against the network.

Saying "its impossible" is patently retarded.


> that's the same kind of thoughts than goverment being able to prevent illegal activities, criminal activities, terrorism, etc. they can't remove it completely,

Apples & oranges, Einstein. Unlike industrial BTC mining, illegal enterprise generally isn't conducted out in the fucking open in plain sight of everybody.


The only kind of mining that is largely invulnerable to the above is anonymous home mining on general-purpose CPUs i.e. exactly what Monero has.

>> No.52825475

>>52825322
I didn't said we're depending on governments at all. moron.

you would need to raid every or most miners at the same time on earth. easy? lol. and they will run out of energy or money before they could kill bitcoin.

"unlike industrial btc mining". obviously if bitcoin is illegal it will be conducted in the fucking open and in places where it's illegal? wow.

bitcoin CAN fail, but as long as bitcoin is profitable to mine there will be miners. look at breaking bitcoin conferences if that interest you, there are many ways to break bitcoin, and if bitcoin is attacked it will certainly not stay still doing nothing. bitcoin will certainly be attacked and that's why proper pow is so important.

and you finish with the retarded asic resistance argument which is even more vulnerable to large entities attacking it. (I won't repeat myself again)

stop wasting my time.

>> No.52825622
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52825622

>>52825475
>I didn't said we're depending on governments at all. moron.
>how about countries that made bitcoin legal or even legal tender?

>you would need to raid every or most miners at the same time on earth. easy?

Yeah, that's how global pedophile rings are taken down - coordinated strikes at the exact same time.


>bitcoin CAN fail, but as long as bitcoin is profitable to mine there will be miners.

Mining with what? Specialized hardware that needs to be imported at scale and plugged into the grid? kek


>and you finish with the retarded asic resistance argument which is even more vulnerable to large entities attacking it.

What is easier to attack is also easier to defend, genius. CPU-optimized mining = low barrier to entry since virtually everybody in the world already owns devices capable of providing hashrate. Also means you can mine anonymously, which isn't possible when you rely on ASICs, there can be no doubt as to what your intentions are when you buy them.

>> No.52825726

>>52825622
>Mining with what? Specialized hardware that needs to be imported at scale and plugged into the grid? kek
The hash rate is dynamic. Let's assume the glowies raid most mining operations and close them down, then the difficulty goes down allowing even my mom an dad to mine blocks with half assed hardware.

>> No.52825737

>>52804331
>every crypto is useless except bitcoin
Stable coins must be a joke to you! Yeah BTC is up there but it has got some company.

>> No.52825760

>>52804331
No, Bitcoin is also useless

>> No.52825809

>>52825622
bitcoin does not depend on governments.
energy doesn't only come from "the grid".
I've already had this randomx debate with another person and I won't have it again. read.me. god.

monero is much harder to mine when a large entity with a lot of workforce can stack very large amounts of computers. monerofags are just imagining that because it's asic resistant they will be enough to defend a network in a situation where large entities have very large farms meant to kill monero. what will they do, spread a cryptominer malware as much as possible everywhere on the internet? can't wait to see that.

>> No.52825819

>>52825726
>The hash rate is dynamic. Let's assume the glowies raid most mining operations and close them down, then the difficulty goes down allowing even my mom an dad to mine blocks with half assed hardware.

Considering that the glowies would now be in possession of a shitload of ASICs, I don't think your mom and dad's hardware would be competitive.

>> No.52825888
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52825888

>>52825809
>energy doesn't only come from "the grid".

Yeah? What do industrial BTC mining farms run on? 100% solar/wind/your mom?


>monero is much harder to mine when a large entity with a lot of workforce can stack very large amounts of computers.

lol and how many viable CPUs are there in the world in total?


>where large entities have very large farms meant to kill monero.

High school computer rooms are Monero mining farms lmao


>what will they do, spread a cryptominer malware as much as possible everywhere on the internet?

Oh, a David & Goliath battle of Big Gubmint vs the anti-CBDC? Yeah, that's a tough sell lmao

Malware isn't necessary, people would mine purely out of spite. "Run the app and stick it to the Man!"

>> No.52825957

>>52804435
literally a bot

>> No.52825993

>>52825888
Then Bitcoin can hard fork. That's the entire gist of cryptocurrency, it can evolve to adapt to environmental pressure.

>> No.52826028

>>52812934
You will be ruined eventually

>> No.52826055

>>52825737
Yeah stables are useful but basically to store value; it doesn't appreciate.

>> No.52826108
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52826108

>>52825993
>>Then Bitcoin can hard fork. That's the entire gist of cryptocurrency, it can evolve to adapt to environmental pressure.

Hardforking to an ASIC-resistant algorithm would be the solution. Otherwise, as long as ASICs are allowed the same patterns would repeat themselves.

>> No.52826163

>>52825993
Except it doesn't
See BIP 101

>> No.52826191

>>52804410
You can use it to pay and save, regardless of who you are and where you are. Which nobody else seems to be able to achieve

>> No.52826224

It is great that Monero is a sigma crypto in shadow to the alpha Bitcoin. If Bitcoin was what Monero is, the perfect crypto, we'd probably have it shut down by the Fed in the name of terrorism.

Would be cool to see an anonymous stable coin.

>> No.52826227

>>52804331
What about XMR and other privacy related cryptocurrency like ZEC, DAIL, DERO and lots more. You clearly don't know what you're talking about.

>> No.52826268

>>52826055
>it doesn't appreciate.
That's when you just keep them accumulating dust in your wallet. When you get to leverage them on innovative platforms like Pancake Bunny or SpoolFi, you can earn really decent yields from that.

>> No.52826301

>>52826268
This is the line of thinking of people investing in Celsius, Luna, FTX. One day you might wake up with a zero in your wallet.

>> No.52826352

>>52810253
You'd soon be more crypto payments though, with everything including wallet creation being made easier, with the widespread adoption of the blockchain in mind.

>> No.52826711

>>52826268
Is this Defi?

>> No.52826995

>>52826301
All of these are CEXs; I stake on SpoolFi; it's completely decentralized and non-custodial too.

>>52826711
Yes it is.kek

>> No.52827857

what about MATIC? since polygon is working with global companies and brands, meaning millions of new users will be using it which will pave the way for mainstream adoption

>> No.52828201

>>52804331
You're retarded anon, there are tons of altcoins with utility and potential asides Btc. I even have a few on my radar like Sylo for data privacy and Fil for decentralized data storage

>> No.52828287
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52828287

>>52816042
Through Ren's partnership with Railgun, there is an option to keep a private BTC balance. Might not be made for it, but it's not impossible.

>> No.52828677

>>52818892
Literally 3 coins have made all time highs against Bitcoin in their second cycle

Not that you'd be aware of that since this post reels of being in your first

>> No.52828868

>>52809633
Some anons just have tunnel vision Chad. I have seen good utility in other altcoins and blockchains like Elrond which brought Egld, Ride and Zpay that are building even in the bear market

>> No.52828991

>>52826191
But you can do the same with doge, litecoin and eth?

>> No.52829018

>>52828287
Seem impossible, but will be a giant stride if the team can actualize this

>> No.52829390

>>52826352
Crypto payments are getting better by the day, intrigued by what Utrust as has done and also looking forward to seeing what DUA gets to achieve.

>> No.52830538

>>52804331
I’m buying glass and snow with xmr

>> No.52831448
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52831448

>>52819424
>Satoshi is literally working on it right now
Hal Finney is criogenically frozen you mouth breathing redditor

>> No.52832317

>>52804366
Holy based

>> No.52833507

>>52822425
Nigger where did I say it isn't that valuable, I just said it wasn't the most valuable idea in crypto. When the payment rails of the world change from their current legacy system and move onto things like Hedera Hashgraph/Ethereum/Algo/Whatever retarded layer 1 you want, that's where the real value is.

>> No.52833986

>>52811943
Privacy is one of the most salient real life use case of crypto. It is useful across board from defi to web3 to NFTs.

>> No.52834022
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52834022

He thinks DAOs like bitDAO are useless. oh poor poor anon.

>> No.52834085
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52834085

I can't believe they really believed it.

>> No.52835414

>>52804331
The truth on /biz/? Now that's a surprise.

>> No.52835501

>>52804331
Yes. Every shitcoiner comes to realize this after 2-3 years in the crypto Ponzi casino.

>> No.52835853

>>52804331
Tell me, retarded faggot nigger, what actual value does crypto hold? Also, why do none of you speds use bitcoin to say, buy your groceries? Please tell me how it's useful.

>> No.52836742

>>52828991
It's easy for payment to become an option if users can easily manage their DIDs from a single and universal account

>> No.52838038
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52838038

>>52804331
Must be a maxist, Bitcoin now provides identity management solutions? kek

>> No.52838085

>>52804331
Monero

>> No.52838627

>>52835853
>Please tell me how it's useful.
You're a braindead subhuman and won't understand anyway. Kill yourself instead.

>> No.52838737

>>52804331
Then go buy crypto while smart investors buy low caps like LOOP on Juno.

>> No.52838771

>>52809633
I'm more particular about it being defi. The crypto space is shifting to defi and staking has been the best form of passive income. Best to do that on cosmos ecosystem. ATOM and JUNO.

>> No.52838783

>>52804331
every crypto does what bitcoin does, except they usually have some other feature too
aside from worthless shit with no max supply they're all better

>> No.52838850

>>52838737
>>52838771
>>52838783
So many bot posts.

>> No.52838866
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52838866

yes goy don't buy that useless BTC, buy my premined X coin where 90% of the supply was given to insiders who can censor transactions when you do something they don't like and WILL be constantly dumping their bags on you.

you people here purely for making more dollars are sick in the head. the whole point of the first cryptocurrency was to be uncensorable and we've gone 180 with these shitty POS altcoins.

I do think there are a few good ones but they're a diamond in the rough.