/biz/ - Business & Finance

>>53753360
no it's not. Monero is. Bitcoin is the IRS' wet fucking dream. Public blockchain where everyone can see where every transaction goes? Normies having a false sense of security which makes them slip up and publicly do illegal things?

Bitcoin is only good as a proof of concept for blockchain technology, it was genius when it came out. But the flaws are now obvious, Monero is what normies think Bitcoin is.

bitcoin is a scam

buy XRP

>>53753360
Don't waste your time anon
Nu/biz/ don't own or buy Bitcoin. Too retard to understand it.

7 transactions per second, its not replacing anything at that rate.
BSV with its 50,000 tps and rising, that has a real shot

>>53753440
Monero suffers from bloat. Cannot scale like bitcoin can.

>>53753524
Lightning network makes your bloated shitcoin irrelevant.

>>53753510
>Nu/biz/ don't own or buy Bitcoin
nu/biz/ is down 99% on trannyveggie.finance and hopefully learned the lesson

>>53753579
7 tps to move liquidity from layer 1 to lightning, yeah we're not too worried about that broken piece of shit. Lightning also destroys the mining reward system by moving transaction fees from layer one to lightning.
Oh and transactions fail to route as the lightning network increases in complexity as its unable to solve the travelling salesman problem.
You joined bitcoin after the cendorship occurred so I'm not surprised you don't know these things. Now you have 2 choices, ignore the information provided to you or look further into it.

>>53753727
layer 2's that take 7 years to not work and destroy the anarchist model is the future.

>>53753440
ah yes, an infinite supply coin will succeed against a fixed supply coin
kek

>>53753596
They won't.
I don't feel pity for them anymore. Let idiots be idiots.

>>53753885
>ah yes, an infinite supply coin will succeed against a fixed supply coin
>kek

Really makes you think.

>>53755148
i dont think he thought this far ahead lol

>>53755148
>>53755360
>coincards that means it's working
thanks for the genuine laugh

>>53753360
>DAILY REMINDER - BITCOIN IS ENGINEERED TO KILL CENTRAL BANKING
Too bad BTC is crippled

Why do monerocels insist on spending all fucking day seething over Bitcoin? It places you guys in the same camp as ETH maxis and every other shitcoiner ever. Just try to get along with Bitcoiners, they're #1 for a reason, and instead focus on the important targets like PoS, regulation, the US being super-jewed, KYC, etc. Monero being Bitcoin-friendly, focusing on atomic swaps, will only benefit both parties.

>>53753567
Monero removes the unnecessary complex but buggy scripting system from bitcoin, which literally caused an inflation bug. Monero is a completely minimalist re-write of cryptocurrency based on the improvements outlined in CryptoNote. Monero is incredibly lightweight for what it accomplishes. You should look at the codebase.

In contrast, Bitcoin suffers from massive bloat. Even bitcoin users are fat, old, bloated boomers.

>>53753567
And to add to that, bitcoin literally cannot scale in it's current form. See this article by a bitcoin maxi: https://www.truthcoin.info/blog/lightning-limitations/.. Monero community is willing to hard fork to make improvements that are technically necessary.

>>53755611
They're a btc breakoff subset of the crypto anarchy core.

why even bother, half this board is poor and brown. bitcoin won over a decade ago, let them baghold their expired alts as they bleed sats forever.

>>53756198
if they were they wouldn't be so terrified to accept the real failures of monero's broken privacy model. in reality they're just bagholders fanboying over their specific alt, oblivious to the fact that a utility coin like monero is destined for obsolescence when privacy inevitably becomes a feature, not a product.

>>53756247
Monero is definitely fundamentally flawed and likely not capable of long term privacy but I'm also not so confident privacy can actually ever legally come to btc.

>>53756333
>legally
oh when it comes it won't be "privacy", it will be "scaling"

>>53753885
The fact that bitcoiners are constantly kvetching over the supply of bitcoin when the most basic aspects of its usability as a currency are hindered (fungibility, decentralization, tx fees, etc.), even when the obstacles to success are completely minor and obvious (e.g. block size debate) should really show you where their interests lie.

Pic related, it is the monero (red) vs bitcoin (blue) supply curve. Notice how the supply of bitcoin . What do you think happens when the inflation of bitcoin reaches zero? Do you think miners will continue securing the network out of the goodness of their hearts? Do you honestly think the network will be able to survive on the fees from 1MB of transactions? Or maybe you plan to dump your BTC bags before then? Look into "selfish mining attacks": https://eprint.iacr.org/2020/094.pdf

The real Inflationary effect is a function of inflation as a percentage of the total supply. This is basic economics. As monero's supply increases, the inflation as a percentage of supply reaches zero, while the block reward stays the same to ensure network security.

>>53755611
Because bitcoin had the chance to change the world until you fucking retards took over in 2017 and ruined everything. The only thing you care about is the price of your bags.

The problem is fundamentally that bitcoiners will go such great lengths to shill bitcoin that they will justify all of bitcoin's bugs (fungibility, mining centralization, bad parameters like block time and block size, insecure emission schedule, even just general bloatedness of bitcoin) as features, and criticize any cryptocurrency like monero that actually fixes the bugs.

>>53756247
Monero's privacy model is constantly changing and improving to adapt to the climate. Bitcoin's privacy model (through LN, CJ, etc.) has stagnated and is becoming increasingly broken and unsuitable, even for regular transactions.
XMR is not the first manifestation of CryptoNote, and it will certainly not be the last

>>53756198
Okay, sure, whatever. If that's the case, Bitcoiners should still be their biggest allies in the whole crypto space, and the ones with the most clout. Who else do they have as allies? Dog shitcoins? Monero premine scamfork + smart contracts #582946? Why the fuck do they sneed so hard over Bitcoin? Even Luke Smith, one of the most recognized Monero shills, says you should hold 90% Bitcoin.

>>53756383
Yeah seems like greed. They think they have a functioning product then just use it imo.

>>53756383
Well, if bitcoin croaked tomorrow, monero would certainly take its place, and I might make a small return on the small amount of escrow liquidity I have in monero.

But it would not compare to the long-term gains that would result from the cryptocurrency market no longer being lead by a group of maxi idiots.

>>53756374
Price is the only thing that matters in crypto. No one, not even the Monero threads, care about anything else. When the price of Monero is up, all you fags can ever talk about is much flippening and how you're all going to make it in Monero. You only fall back on the price doesn't matter cope when it's doing poorly.

And you continue to cope over the fact that Bitcoin decided to play a long game, rather than declare open war on the US government. It doesn't hard fork to a new, untested privacy protocol every 6 months, it doesn't adopt big blocks, or go PoS, or change the emission rate. It simply refuses to change, and that unyielding approach is valuable. Monero is valuable too, but for God's sakes stop trying to ride Bitcoin's dick 24/7

>>53756506
Except Bitcoin isn't dying in a day, or year, or ten years. And the ordinals shit is proving that users will pay whatever fees necessary. How much more do you think that'll be true as more countries adopt it as legal tender?

>>53756547
based

monero is used as a currency and bitcoin is used as a store of value and that's why bitcoin is way more valuable because monero is constantlu changing hands, people have to hoard something in order for it to become expensive

>>53756506
No one cares, go back to your XMR general and spew your talking points there to people who give a shit

>>53756547
Bitcoin has not "decided" to do anything. If bitcoiners could come together and decide to do anything, you would think they would be able to make a hard fork to patch the most pressing issues of their cryptocurrency. What happened was that there was a coup back in 2017 with the XT dispute, and everyone who knew anything moved to BCH which lost traction and failed, while all the dumbass reddit idiots stayed in BTC because of the pump. Now you have a community which is hyper-focused on price above basic usability, and a leadership that has been decapitated by blockstream and others (https://www.youtube.com/watch?v=0BZoKH-hX_o))

The tradeoff between blocksize and decentralization comes to mind, and the solution is obvious to anyone who knows anything about computers. The costs of storage decrease EXPONENTIALLY with time, see pic related. The opportunity cost of the world's most famous cryptocurrency being dysfunctional (having >$1 dollar fees) are massive and growing by the day. Obviously any reasonable tradeoff will continue to favor a larger blocksize over time.

>>53756817
>basic usability
the basic usability of a limited asset is to get a piece of it and hold it, not to spend it the next day on groceries

when will you understand it, no one cares about paying for stuff with bitcoin, there is a ton of shitcoins with fast transactions still no one in the real world uses them, the selling point of bitcoin is that there is a limited amount of them as opposed to FIAT or even gold, that's it, that IS the use case

>>53756374
every single time there's a monero schizo coming and copy pasting their pre typed big walls of cope
I know everything about what you're talking about and I'm positive on my conclusion: you are an absolute midwit and also a morron
monero = infinite supply coin and bitcoin will work just fine, now and in 1000 years and more
you only make a big deal of non issue because you're both a midwit and a irremediable schizo

>>53756885
>the selling point of bitcoin is that there is a limited amount of them
also it's biggest weakness from a technical standpoint and a ticking doomsday clock

>>53756547
>It doesn't hard fork to a new, untested privacy protocol every 6 months
Monero's privacy tech is audited and very well understood. check out "Zero to Monero" (https://web.getmonero.org/library/Zero-to-Monero-2-0-0.pdf))
>or go PoS
There is a single company that sells the vast majority of bitcoin miners (antminer). What happens when the gov looks into controlling mining? PoS is not that much worse than ASIC mining. I am not saying that it should switch to PoS of course. But even if it just switched to a GPU-bound system that would be a major improvement over what you have today.
>or change the emission rate
If you keep this dangerous emission schedule, bitcoin succumbs to mining attacks and fails. If you do change the emission schedule, you won't be able to say that there is a limited supply, even though this will have basically no real impact on inflation. Oof tough choice, anon.
>stop trying to ride Bitcoin's dick 24/7
Insulting bitcoin is the exact opposite of "riding bitcoin's duck"

>>53756657
>users will pay whatever fees necessary
It doesn't matter what fees users pay. The blocksize is non-adjustable, so the amount of transactions per second does not increase with demand. The transaction rate is exactly the same in times of low demand as in times of high demand. That means ordinals and shit is literally preventing bitcoiners from using bitcoin as cash: that block-space that would otherwise be occupied by a real transaction.
Monero doesn't have this problem because here are no NFTs, and it is only usable as fungible cash. Bitcoins have this problem because all bitcoins are non-fungible from the start (Colored Coins). Not to mention the adjustable block-size which adapts to suit periods of high demand at the cost of reducing the block reward.

>>53756964
what do you think will happen to the bitcoin blocksize when the person with the worst pc in the world have a quantum computer, 1,000,000,000,000 tb crystal storage with 0 latency, 1,000,000,000,000,000 tb/s double fiber optics bandwith?
moron and midwit

>>53756689
>>53756885
This does not justify bitcoin's weaknesses. Bitcoin would obviously be a better store of value if it was actually usable as money. Some of the points I address in this thread (e.g. emission schedule opening the door to mining attacks later on, monero having better fungibiliy) make monero a superior store of value compared to bitcoin.

>>53756888
>coming and copy pasting their pre typed big walls of cope
None of this is pre-typed. I just happen to have a massive brain and I am a very fast typer. Not to mention that I have the ability to consider and remember basic arguments.
>monero = infinite supply coin and bitcoin will work just fine, now and in 1000 years and more
How about in 15 years when bitcoin will require a hard fork due to the 32 bit ntime bug? https://github.com/bitcoin/bitcoin/issues/21356
Apparently bitcoiners don't see this as being a big deal, which is weird if they expect it to function forever without a hard fork.

>>53757096
What do you think happens when the cost of storage and bandwidth decreases 10x over the course of a decade, and every cryptocurrency except bitcoin can take advantage of that?

>>53756959
He's right you know

>>53757169
>I am very smart
>bitcoin never fixes things and never evolves
>I don't want to answer your question
>bitcoin never fixes things and never evolves
dude come on

>>53757212
Just so you know, he's Mexican. Coping is in their blood.

>>53756964
I've read zero to Monero, and every other guide, wiki, and website on the topic. I like Monero and fully get that it doesn't have an infinite inflation bug or any such shit. But what you fail to get is that Bitcoin is and always will remain valuable, you're not early, and you're just being a contrarian because it makes you feel special. That Monero has an important place in crypto, but not one that involves you coping over walls of text about muh flippening or whatnot.

>>53757212
>>53757304
I am a certified MENSA gold star member and my IQ is over 170. I am not white, i am ashkenazi jewish

>>53756885
I was interested on using bitcoin as a currency but it fucking sucks at that and there is literally no intrinsic value on bitcoin, also other coins like dogecoin are rising faster than bitcoin, i hate doge btw but basically i don't think its good bitcoin code is a bit too complex where it could obviously be more efficient

>dude just buy my boomer coin for a great 2-3x at most in 3 years!

>>53753360
FREED.

>>53753524
A cockroach frail blockchain made by a fraud.
Typical zoomer kool aid
DRGN have more, years ago.

>>53758004
>0 IQ in life.
Useless slug.

>>53757169
Bitcoin used a 32 but unsigned integer for a timestamp so the 2038 bug doesn't apply. You're naturally just spreading untruth here.

>>53758280
born in the 80s pal, mined btc in 2012. Hit my first 1 mil net worth in 2017.
BSV is bitcoin by every measurable metric, it retains the original protocols functionality, it stems from the genesis block, it scaled exactly how satoshi said bitcoin should scale.
a 7 tps 1mb block coin that has no utility and only speculative use is a dead end. The store of value and limited number narrative crumbles the moment miners can earn more money on other chains, they're only loyal to proffit. BSV with its huge transaction volume and huge volume of fees will offer a higher mining reward than btcs dwindling block reward. This is a very real scenario that occurs after the 2024 block reward halving. Btc can't survive this.

>>53753360
fucking BASED

>>53753360
This copypasta is only posted at peaks. It's over

>>53753360
the future is bright

Bitcoin is powerful, BTC is not.

>>53753440
Devs dump on you via inflation bug