/biz/ - Business & Finance

100k+ by time of ETF launch, then BlackRock is dumping. don't miss out.

>>55674743
>dumping
for what?
cheaper btc?
you maxis make no sense

>>55674750
They will just do what this woman did, except the car is your bags:
https://www.youtube.com/watch?v=eB-khNYR_Ns

>>55674750
>for what?
private sex islands

>>55674718
>>55674743
imagine being the analyst at blackrock that wrote this trash with a shiteating grin KEK
and some director is betting his entire career on it

They want us to be rich bros

>>55674897
>imagine
no need, you can look him up. he's a PhD economist with an h-index of 50. for reference full professorships(highest rank in academia) have an h-index of 15-20

>>55674785
if i ever truly make it, im creating teams of pedophile hunters who specialize in island warfare

>>55674718
Bitcoin is inevitable.

>>55674980
I'm going to follow in Epstein's footsteps and create my own DIY eugenics program

>>55674718
>107% of portfolio
Retard here (apparently since nobody asked this)
How do you go above 100% of something in your portfolio

>>55674718
Bitcoin is an outdated send/receive ledger that has had two inflation bugs where anyone could have minted as many free coins as they want. It enriches miners with coins that they dump the price with. Total trash compared to novel solutions in DeFi, but the ((banksters)) want their pound of flesh as they continue lobotomizing internet freedom in a financial context.

>>55675034
use leverage

>>55674718
So I need to be 1.07x long btc

>>55675034
debt probably

>>55675050
absolute newfag

>>55675110
>>55675110
>Newfag
I've been here longer than you and rather than address anything I wrote you demean me.

>>55675076
Correct

>>55675123
if you weren't a newfag you wouldn't think a single second about defi trash alts that never ever manage to hold value over time vs btc, so that's why you're a newfag
there's a reason why btc holds, that's because it's way more secure and resilient, newfag

>>55675010
Enron was inevitable. Napster was inevitable.

>>55675050
ancient bugs that were fixed almost a decade ago. It's value comes from its simplicity. ETH tries to put everything onto a single chain, bloating itself into unusability. Satoshi himself wrote that he could have made BTC into a smart contract chain, but decided against it since the monetary usecase is so much more important.

>An idiot admires complexity, a genius admires simplicity
-Terry A. Davis

>>55675144
>never ever
>20 years of crypto
You’re a fucking retarded nigger crypto and digital assets are the future of everything. Tokenization of assets and cross border payments are the largest markets that need to move to crypto and bitshart is absolutely worthless when it comes to both.

>>55675214
I was you, 4 years ago. you're absolutely tech illiterate. hint: all assets come from companies and companies won't give up on the control of their asset because companies have owners. physical goods are physical and there is literally no issue there. the only thing relevant is money. bitcoin will handle all the required transactions with no issue, but you're tech illiterate sadly.

>>55674718
First (((they))) ignore you
Then (((they))) laugh at you
Then (((they))) fight you

Then we win

>>55675279
How do you know (((they))) haven't (((we))) all along

>>55674970
ngl you gagged me with this sis..

>>55675214
>tokenization of assets
>link color ID
kek, the fat fuck is dumping on you as we speak. keep coping linkies, your token is not needed. never ever needed.

>>55674743
I'll buy a bitcoin miner stock and 10x your gains.

>>55675347
>BTC mining stocks
no one is going to touch those once BlackRock sets their ESG scores to zero. BTC is going PoS, it is inevitable.

yah 85% is what I came up with I'm my backtesting too

can I get a job at BlackRock now?

>>55675062
>>55675077
THIS PROVES whoever is writting this shit is retarded

they probably know the SEC is going to not even aprove this bullshit and are using this to pump their bags

>>55675372
>BTC is going PoS, it is inevitable.
Not a chance, unless they try to start another hard fork war in which case the price would obliterate

>>55675050
>Total trash compared to novel solutions in DeFi
okay kike, nobody wants your shitty scam coins, go hock them over at the synagogue

>>55675372
This is possibly the most retarded response you could have made kek.

>>55675382
>whoever is writing this shit is retarded
yeah, I'm sure you're much smarter than ex-professor managing 125+ billion with an h-index that puts him in the top 100 most cited economists. fucking retard.

>>55675414
and yet you have no counter argument.

>>55675451
i dont give a fuck about mr 125 billion faglord. telling people to get on debt to buy shitcoins is retarded.

>>55675388
the only people attached to PoW are literal boomers that never understood the technology in the first place. once they sell their BTC to pay for their overpriced yachts, cars and prostate surgeries, the BlackRock intelligentsia will take over, buy up BlockStream, and start a "BTC merge" à la Ethereum. Big hype cycle over this transition will cause the price to go up regardless on how well this is executed. Just look at ETH, merge caused massive centralization problems and the price still went bonkers. You literally cannot lose.

>>55675471
you should listen to those who are smarter than you. fear of debt is so very middle class of you, every rich person in the world is massively leveraged.

>>55674718
sauce?

>>55675150
>Comparing an unsupervised, open-source, decentralized global computing protocol to poorly run companies with corrupt managers.

You are a child that knows nothing.

>>55674718
This was obvious to everyone as far back as 2018 by the way, if you go all in bitcoin now you're 6 years behind the curve. Shit, you're behind even the LINKtards.

If you really want the absolute minimum viable portfolio, you want a portfolio of 180% PNK and 40% XMR (ie, 40% of portfolio holding XMR, 60% of portfolio in a 3x long position on PNK). That way you can afford a basic middle class lifestyle.

>>55675539
>https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4042239

>>55674718
I majorly hold BTC and ETH. I also hold stablecoins that I use for making transactions on CryptMi.

>>55675556
>and ETH

Why?
Unlimited cap, PoS (piece of shit) etc.

>>55675548
thanks

>>55675547
PNK was, is, and forever will remain an absolute shitcoin. BTC and ETH are the only two bluechips. Everything else is a gamble

>>55675615
PNK is a shitcoin but that's where all the upside potential is. Bitcoin and ETH might as well be SPY at this point. Minimal gains, probably less than even inflation.

>>55675568
>unlimited cap
what? it's deflationary post merge. one of the best things going for it ngl. I also hold ETH even though it's a piece of shit.

>>55675693
>what? it's deflationary post merge.

That's not remotely correct.

>>55674970
this sounds like the ADA peer review grift kek

>>55675214
Heh. Newfag detected. Funny buzzwords bro

>>55675715
here, let me spoonfeed you
>https://ycharts.com/indicators/ethereum_supply
burn rate > emission. burn rate will go even higher once bullmarket kicks in and gas fees go through the roof.

>>55675751
see
>>55675451

>>55675397
>Kike
your faggy Bitcoin will do nothing to provide an alternative to kike oligarchy
>not private (the useful part of crypto)
>no DeFi (the other useful part of crypto)

>>55675451
Trust the Science™ goy!

>>55675790
>https://ycharts.com/indicators/ethereum_supply

That means nothing because Ethereum has a monetary policy decided by a few trannies close to Vitalk, who are not elected, and who can decide to print another trillion ETH tokens any day for any reason.

Ethereum is dead in the water and no serious investor is going to touch this piece of garbage with a premine and non-hardcoded token cap.

>>55674718
this is a topping signal right?

>>55674970
wtf is an h-index? some kind of good goy rating?

>>55675020
anyone else hear the conspiracy theory that the unknown caucasian male DNA in the covid vax was epstein?

>>55675547
do these pajeets just copy paste the same message and update the ticker code whenever they have a new scam coin out?

>>55675451
economy is not a science, kek

>>55675811
>privacy
only benefits pedos, drug dealers, and third world money laundering criminals
>no DeFi
shitcoin gambling, scams, and pump and dumps

>kike
you're literally calling for things kikes love the most, secrecy and finance. you might not be jewish, but you have a kike soul.

>>55675050
>novel solutions in DeFi

Like Ponzi schemes such as LUNA?
Bad math like Terra LUNA that wiped out billions?
Bad code that results in tens of millions of dollars vanishing or being exploited by hackers?
Scams, launching more shitcoin scams?
Crappy, exploitable DEXes?

Lel
Lemao even

>>55675972
You're actually retarded to argue against crypto for the very purpose of its existence:
>Privacy (fuck off government)
>DeFi (our magic internet money is superior)
You are a joke, this is fire vs. fire.

>>55675861
As if there are alternatives to this. Sol, ada, atom? It all sucks compared to eth

>>55675861
>Ethereum has a secret money printer controlled by trannies that only I know about
take your meds schizo

>>55675881
>>55675969
h-index is a metric that quantifies career academic impact. simply put: the higher the number, the bigger the brain.

>>55675980
>I don't support any of those jeet scams.
Lemme guess you lost some BTC when you gave it to middlemen to grab a limp tiny yield?

>>55675985
>. Sol, ada, atom? It all sucks compared to eth

Yes, those are all called shitcoins for a reason, you brainless spastic idiot.

If it has a premine, is PoS, is centrally issued, it's not only a worthless shitcoin, but is also an illegal security.

Bitcoin is the only solution to the shitcoin problem.

>>55675984
>fight kikery using kikery
so are you the jew on the left or the right?

>>55675980
based, gas all DeFiggers

>>55675998
Monero-sectarian, are you? I recognize you from your schizoid rants.

>>55676017
he hasn't shilled Monero at all though

>>55675998
>illegal security
nah, looks like the Gensler is losing that fight (and that's a good thing)

>>55676000
>Fight kikery with kikery
No faggot, fire with fire.
Kikery involves monopolizing the force of fire and using it to enslave you.
>picrel me

>>55676017
Bitcoin Supremacist.

>>55676041
kek, you won't do shit. meanwhile me and my boys at BlackRock will be sipping Mojitos on Fink's private island while we dump our BTC bags on you plebs. better get with the program unless you want your ESG score docked.

>>55675861
Cope post

>>55675881
Heeb index. Should be self explanatory

>>55676062
>You won't do shit!
>I'll be a rich slave trust me just you wait!

>>55675250
Your post makes no sense. You bang on about companies not giving up their physical assets, then go on to say the only important thing is money. Are you drunk or something? That post is so disjointed

>>55674743
>then BlackRock is dumping
I know you don't understand what an asset management company does, but why don't you understand?

>>55675214
>still doesn't get it
Sad. BTC is Money. Imagine quadrupling the real GDP of earth over 5-10 years, that is hyperbitcoinization. The value of BTC is not in a 'market' or a 'service', it is not "p2p paypal", the value is that it is a technical fix for the political corruption of money, the systemic economic value of transactionally easy hard money is INCOMPREHENSIBLY vast.

>>55674718
>107%
>margin trading crypto
This is literally how you end up swing at the end of a rope.

>>55675811
>the useful part of crypto
How dumb can one anon be? The world is bottom-up little statist, the oligarch fears the transparent ledger

>>55675372
The ones not doing environmentally good bitcoin mining will get hit by the esg scores, I believe the oil companies already got their shit covered due to the excess on site byproducts being used and not released into the environment count as good by their standards, and yes there is bitcoin mining operations where they extract some oils and gas products. >>55675347 Look into those miner stocks that are doing eco friendly mining so they will get the esg bump from the investment groups, then you'll 20x your gains.

>>55676493
The US government does not fear a transparent send/receive ledger with no privacy.

>>55675214
Atomicals Protocol will enable tokenization of assets on BTC and other UTXO chains

www.atomicals.xyz

>>55676434
they manage assets which includes, but not limited too, the buying and selling of those assets. When BTC goes up, they dump. Simple as.

>>55676573
I forgot about that. There's a good argument that mining using overflow solar and wind is effectively a subsidy for green energy, and therefore should get a very high ESG score.

>>55675969
Always has been anon, we just did not have the technology for accurate weights and measures. Satoshi figured it out. We were just fortunate enough to be born at the dawn of the discovery and monetization.

>>55675496
I mean its fine if that happens. Then BCH becomes the real bitcoin.

>>55675980
ID on the semen-demon, citizen.

>>55675382
>SEC
Found the mutt.
>AWG0Y

>>55675984
You're the retard actually.
Crypto was never about privacy but transparency.
If you think it's usecase was privacy then you're the lowest fruit in the drug/cp economy. Probably so low you watched all the fucking sites get shut the fuck down because they used a transparent fucking currency lmao. That is if you're not a complete newfag who's yet to go through his first cycle.
Transparency is FUCK YOU to the government because they rely on obfuscation in all instances. And there are numerous ways to legally avoid tax or enforce legal privacy where nobody can touch you so that's a non argument if you're going to start with that bullshit line.
And as for the DeFi argument, you need to wake up to the fact that this is exactly what governments and corporations want. The only problem with it, as the government and corporatinos see it, is that it's development is outpacing their own so they have to shut it down a little and FUD it to hell and back until their own chains are up and running.
This is not le ebin fight against tyranny. This is the enforcement of global utopia/dystopia (depending on which side of the poverty/social line you're on) through financialized incentives of good behavior. (Not applicable to a government who is an authority on good and bad kek)
Normies were never going to use Aave or mETH kek. Any normie who saw the potential of crypto knows better and is waiting for hteir bank to get their chain up, or their store, or their favorite brand. (in this instance they are smarter than non-normies because of their inability to understand normism)
>tl;dr your shit is retarded and you're not fighting an epic war against the evil system, you are in fact just fuzzing the new system for them while they plausibly deny any involvement or responsibility

>>55676930
The existence of personal business necessitates financial privacy. If you want dissidence in your civilization, you need financial privacy. Privacy itself is a human right. You are a gigafaggot moron.

Always do the opposite of what the jews tell you.
C'mon this is biz 101

>>55676970
>If you want dissidence in your civilization
>imply my opinion matters to governments and financial institutions
kek
The writing is on the wall anon. The only way your privacy matters in the future is if you flee to the countries which support high privacy(need money) or join the highest classes of citizens in your own (need money)
The poor don't matter and their opinions don't matter because they are retarded, intellectually, socially, financially, or otherwise.
Stop championing them, they unironically fucking hate you.

Based thread. If you believe anything besides bitcoin is actually useful, you support kikes and all forms of kikery. Kikes fear the transparency of Proof of Work, they prefer usury schemes like PoS or privacy shitcoins like XMR so they can hide their schemes. This is basic Bitcoin 101 and basic KikeTactics 101 ffs.

>>55676970
Also, your argument is wrong.
Everything needs to be transparent for dissidence to be legitimate.
Right now there is deniability surrounding how experts, scientists, politicians, officials etc. use and get their funds. Because they have legal privacy. If they were forced to operate on a transparent platform they could not deny shit.

>>55676998
Kikes do not fear Bitcoin that can only be meaningfully mined by large scale centralized companies.

>>55677012
But they fear private chains they can use, to a greater extent than you, to fund whatever ops they want? While denying involvement and running counternarratives if it goes to shit?
This is not logical.

>>55675998
>it's not only a worthless shitcoin,
10 minutes per transaction coin has an issuance rate higher than some shitcoins

>>55677139
Why is premined scam shittherium not even on the list?

>>55676585
We should not be so focused on the US, there are other countries yeah. UAE is being transparent endorsing projects and building crypto centers. CryptMi was endorsed some months ago.

>>55677206
Japan is currently being spammed about wanting to go web3 so I assume the Japanese want some of that money flowing into the country, it's a country that is highly technical so the pairing might bring some growth.

>55675372
lmao if that happens BTC gets dumped to oblivion and XMR gets $300B market cap overnight

>>55675509
You are such a slavering slave it's unreal.
Good luck "getting rich" and take your next booster of course.

>>55675684
Lmao how much of a drooling fucking retard can you be

>>55675050
Imagine writing shit like this, your brain must be completely fried

>With CPT, an investor needs only to believe the bliss regime will occur with probabilities around 0.0005 to hold optimal BTC allocations of approximately 3%.

>>55674970
I'm in college, and a PhD just means you wrote papers on a topic of your choice for 3 years. Plus a lot of investing theories in academics are outdated or irrelevant.

>>55674718
Actually you need 0 BTC. Because BTC is worthless and you're a retard.

>>55674718
BlackRock retards are retarded.

Either that, or they have bought a long time ago and are looking to extend Exit Liquidity.

>>55674718
Well, there you go: these "evil BlackRock people" can't be that clever if they recommend that large institutions get 12.5% BTC allocation as if that were a thing one could do without making the price shoot up to maybe $1M, or $10M, or $1T - bounded really only by whatever stupid number you think is plausible.
For people who allegedly "rule the world from their doom-fortress, playing evil 4D chess", they don't seem to grasp that only maybe 2M BTC are available, not 100M.
The model they present is, I'm sure, correct for what it does, but it doesn't have any boundary conditions, thus implicitly assuming that there's some bottomless pool of BTC lying around somewhere ("assume we had a can opener") to which they can just "allocate", despite a core idea of BTC - and why they want to allocate to it at all - being its inelastic supply curve. If they up those hypothetical 2M BTC, that's then it, there's not some third million BTC to buy at any price. Simple as. The trading price for which the last few trade hands almost doesn't matter: what matters is the illiquidity.

The market could rebalance (while remaining latently unstable) by repricing BTC market cap to whatever large institutional think, say, 84.9% of their portfolio should be worth. If they say, for instance, that it should be worth $10T, then
>1BTC = $8.49T/21M = ~404K.
Of course, they'd only have 2M between themselves, and everyone else hoards his "precious BTC", so as far as the financial system was concerned:
>1BTC = $8.49T/2M = 4.245M
But before we think about how to act on that information in an overly hasty manner, let us consider the necessity, if any, of once again pointlessly crashing the financial system.

>>55678464
Auto-reflexive hysteria catapults prices upwards, and leads to (semi-implicit) boundary conditions of the system being violated, and to inefficient pricing (i.e. people bid the price up to idiotically high numbers, even though everyone knows it'll crash).
In practice, it'd probably be easier to do an OTC deal than to rush into the market and "crash it" by putting a hundred times the normal buying pressure on the order book. And, no offense, but what are relatively small-time brokers would not get some absurd sum like "a trillion dollars", because useful but minor financial service providers could not efficiently allocate a trillion dollars, nor would it be in any way beneficial for them to attempt to do so.
The optimal outcome is actually to sell to the pension funds or whomever at what are "below-market rates" (not really), to achieve the optimal market rate. E.g. if one says that the "fair price" of BTC is e.g. ~4M, no deal involving $8T would take place at all, so it might as well be 0 (same with the silver-schizos who want entire fiefdoms). Only some "reasonable" sum (which still would constitute record profit) would be transferred in proportion to the degree of "market recognition" the decision to invest in and stick with BTC would confer, Let's say, I don't know, $100B or something.
Whatever the "fair value" of BTC is: investing in it, while courageous, reasonable, etc., does not require or prove superhuman intelligence. While I have no doubt that people involved in cryptocurrencies are intelligent, they are not hyper-geniuses who should try to allocate trillions of dollars efficiently.
Actual retail, which holds most BTC anyway (and guards it jealously like a dragon his gold hoard, so I don't know wherefrom, anything thinks, this supply of BTC is supposed to come from. It's almost impossible to seize anyway; "how to resist my BTC getting taken away" is an almost full-time hobby for many people), wouldn't be affected that much.

>>55675303
WE
WUZ
THEM

>>55678578
Yes, I know: this is the most offensive meme-belief: the BTC-version of EO6102 (just not forcefully). EO6102 was not quite what people think: average people obviously didn't rush into government offices to hand in their gold like patriotic citizens™. Maybe a few did (I mean... you know... all right, I get it, but them selling their three gold coins at 7AM sharp wasn't really the point), but when you read something like EO6102 coming out, the first thing you do is stash away what gold you have. Then it got "revalued", but, in purchasing-power-terms, people who had stashed their gold weren't actually affected: it got
What the government actually did was to tell people that gold was worth more dollars now, and then it also forbade people from using it. A bit of a contradictory measure in retail's terms.
It made sense in view of the financial system, however: the government seized the gold of banks and other large holders, who were also "using" it for purely financial purposes anyway. That they "revalued" it meant increasing the money-supply by 1/3 to "grease the wheels" because banks were refusing to lend to businesses. The order had to order the seizure of gold specifically because the "base money" was gold, and they had to "make more gold". This was obviously not physically possible, so they just made more dollars and handed those to the banks, while taking the gold so it wouldn't be obvious that they didn't actually 1/3 more gold... because, you know: somehow it's "not obvious" that the government - whatever one might think of it - can't physically materialize precious metals out of thin air.
As repugnant it might seem at a first reading, it actually was the "correct" thing for the government to do: it was a kind of liquidity injection, if crudely done.

>>55676473
Big brain poster.
Pay attention you shitcoin niggers.

>>55678719
In what is a perhaps a bit of a confusing switch: the relatively large-scale BTC-holders take the role of the banks whose gold gets "seized" to provide liquidity to pension funds (and other institutional investors), who take the role of businesses.
pic related shows the analogous relationship.

>>55677180
because its deflationary you faggot retard. stop posting

>>55678300
this. XMR ONLY and (swiss) banks knows it, Elon knows it. BTC is a hussle-scam, XMR is money

>>55676585
False. As I said, your problem little statist is you view the world backwards, it's not top-down, it's bottom-up, we don't need to hide from the oligarchy, the oligarchy needs to hide from us. Without fiat their 'power' evaporates into nothingness, fiat is the lever they use to manipulate Economy, with BTC we finally have the technical means for practical grassroots capital flight from fiat, and the State can't do shit as it no longer has the memejuice to pull an FDR and criminalize the new gold.

>>55677139
"to grow"? what? these amounts are what the protocols pay to secure themselves, not grow lmao. Bitcoin has stopped "growing" a decade ago

>>55678905
sorry to burst your satoshi bubble but all they have to do is run the ETF to create infinitely manipulatable supply

>>55678933
that's even worse
imagine paying 1.85% of your gaming pc's price per day or your pc would not work

>>55676680
They themselves to not hold the assets, they are custodians, they make they dosh off transaction fees
>they're going to pump NVDA and then dump their SOXX AUM!!
This is what you're arguing, it's ridiculous

>>55678984
This is impossible in practice because the BTC is on-chain.

>>55678984
Transparent. Ledger. They can't pull the paper gold/silver grief with BTC as we can see how much BTC they actually have, nor pull a COMEX and drag their feet when physical settlement is demanded as "physical" BTC settlement is cheap and quick.

>>55678989
no, in that case you are retarded. Infrastructure has a daily maintenance cost. Your PC is not infrastructure. Also, you pay everyday electricity for your PC, dumbo

why are you people so hysterical? lmao

>>55679362
it's 2020-2025, people are crazy

you guys are desperate aye

there is only one solution

and it isn't bitshit, seethe and spam me with 20 replies but none of it matters you fucking morons

>>55673625

Don't overthink this one. Easiest trade of your lifetime

>>55679006
Correction: They *claim* the BTC is on chain.
Just like gold derivatives always claim to be backed by real gold, except that in reality there is 10x as much such paper gold as real gold in the world.

>>55680368
If the Blackrock ETF is going to look like anything like the one in Canada, it's going to have the exact amount of bitcoin equal to the shares issued. The fact that the bitcoin chain is transparent is an advantage here.

>>55680368
Yes, but you can verify that the BTC is actually there online, unlike with gold.

>>55674766
fucking niggers

>>55674718
> picks the color of Indian flag.
coincidence?

send the .pdf or your sister will marry a nigger

Just bought 80 5 Reichsmarks. With the big windmills.

>>55680923
Oops, wrong thread.

>>55680761
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4042239

>>55675509
Yeah im so jealous to not be massively leveraged on cuckwages with rising rates like you while you act as if you aren't middle c.ass

>>55675496
This is incredibly retarded.

>>55674750
>for what?
To tame BTC. That's then the tribe's plan all along and that rat faced fink can now pull it off. Goyim really are dumb.

>>55675050
Look at this newfag. This was your 1st bull run, I can tell. All crypto is a ponzi. Utility doesn't matter. Wild speculation, whales pumping the market and normalfaggots FOMOing in are what drives up the price. BTC has no utility and that's why it can be pumped.

>>55675214
Mass adoption of crypto means you get paid in Good Boy Token (GBT) by FAGMAN while you live in a pod and eat the bugs. You will have a digital identity tying your GBT wallet to your socal credit score irl and online.

>>55681785
>>55681806
the truth hurts. BTC merge is inevitable and you PoW tards will be stuck holding useless forks like BCH.
>rising rates
only affects the middle class, the rich pay lower rates.

>>55680746
delet this sers

theyre just looking for exit liquidity, btc 9k isnt a meme

>>55682285
>After reviewing your post No.55682285 our ESG compliance team has decided to deduct 10 points from your Online Citizenship Score. Reasons: Anti-social behavior and spreading of disinformation. To find out more about these policies visit https://www.weforum.org/onlinecitizenship/policy.. Please note that this decision is final and cannot be appealed.

>>55682223
>no utility
Last year the Bitcoin network settled $14T. If you can't understand the magnitude of this technology, what's being developed, and what's coming, stay fucking poor. You deserve it. This is the most obvious trade, ever.

>>55682223
>BTC has no utility
money has no utility. please send me your worthless money so I can dispose of it.

>>55675214
Oof, the bots are angry. You must be onto something.

>>55682466
LINK is a scam

>>55679217
>Infrastructure has a daily maintenance cost.
Then I presume you are happy with paying 2% per day.

>>55675547
Pnk! Ha! That’s a good one!

>>55682291
You don't understand how forks work. Let's say BTC forks into PoS (lets call it POS BTC), If I have 1 BTC I will also have 1 POS BTC. Everyone that had BTC at the BCH fork also has BCH. Satoshi's wallets for example have a million BCH.

>>55682904
Just adding to this.
People need to hold it in their own wallet to get the forked coin. Not an exchanges wallet.
Not your keys, not your crypto.

>>55674718
I prefer losing money with chainlink. at this point its a tradition within my life.

>>55675372
Correct, Bitcoin is a Piece of Shit. It's going to zero.

>>55675496
There is a lot of money invested in Proof of Waste. El Salvador even turned part of their economy into Bitcoin mining.

It's also the mechanism of choice for rich people since it requires a huge investment to participate profitably. They can control Bitcoin more easily than they can control something with proof of stake.

>>55675998
Bitcoin may as well be premined. Most of it is held by whales who bought in 2008-2017. The supply left to be mined isn't enough to make it evenly distributed in any meaningful way.

The world isn't going to switch over to using a currency held mostly by a bunch of nerds who got in early.

You can get in early to something like oil or tech infrastructure that plays a vital role in society. You can't get in early on a new currency that's just a bunch of made up numbers. People won't play that game.

>>55676473
You are part of a cult. Take a break from Bitcoin Twitter and go for a walk or something.

Bitcoin is nothing more than a primitive version of a technology that has been improved considerably over the past 15 years. For all of the things you listed that Bitcoin solves, there are countless cryptos that do it 1000x better.

The world doesn't need Bitcoin to solve the money problem any more than it needs the Model T to solve the transportation problem.

>>55682904
Yes, you understand how forks work, but the implication was that BTC maxis would sell their POS-BTC for their POW-BTC and end up with bags of useless environmentally-damaging boomer coins.

>>55683891
based, I also hold 22k LINK and I'm loving every second of it.

>>55683969
>>55683993
>>55684054
>>55684086
stop ruining my thread, fud-nigger

>>55684086
You are part of a cult built around the alternative to bitcoin you think will prevail, but you're just enormously retarded considering nothing will withstand passing decades better than bitcoin, both in terms of valuation and technically, PoS is unsecure the bigger it is, because it requires no energy to compromise, just power and propaganda, which the elite already have, if PoS projects were a threat to them they could just prepare for a few decades or years and attack it as well as each of the following forks.

>>55683866
>People need to hold it in their own wallet to get the forked coin. Not an exchanges wallet.
Not necessarily. Coinbase gave people BCH after the fork. I assume most exchanges did, unless the specific fork was so worthless that they didn't bother.

>>55676356
It's sad to see someone unable to mentally understand simple concepts. hint: ownership of a company is not just physical, for instance shares or just the ownership of the business itself. no decentralization needed here. and yes the only thing relevant when it comes to decentralization is money, which normal companies do not create.

I own a company
I own bitcoin
I trust the plan because I simply cannot accept the alternative

>>55675020
>discredited
say what you want but this epstein sounds like a pretty based guy.

>>55684229
>because it requires no energy to compromise
rich people have power and money. they can buy energy and take over if they wanted to. they can buy hardware and take over. in a PoS chain, they can buy the coin itself and take over. mining is not a magical force that can defeat elites. what actually stops elites from crushing all of these crypto networks is that it's really expensive, whether they have to buy tons of mining hardware and electricity, or tons of coins. if there goal is to destroy the network then they effectively lose everything they sunk into those things. also buying the majority of either is very expensive since it would no doubt cause a massive demand shock, causing coin/hardware prices to skyrocket. also, even if they do become majority, nothing stops everyone else from moving to a new fork where someone hardcoded "rich asshole wallet = 0" or the PoW version would be "We are switching to a new mining algo that rich asshole ASIC mogul can't run". To summarize, there is no practical difference between PoS and PoW other than PoW wastes energy. It's actually really boring to even bring this up since it was figured out years ago and only the ideologically possessed BTC maxis are too deluded to be convinced. well that and a few trannies that hold Kadena, but they are not long for this world.

>>55684292
yeah I chuckled when I read that. NYT only hire retarded faggots these days

>eugenics, the discredited field of improving the human race through controlled breeding
yup, as discredited as animal husbandry, sperm bank selection criteria, trait heritability, multi-generational conditions, genetic diseases, etc, etc

>>55683993
>It's also the mechanism of choice for rich people since it requires a huge investment to participate profitably. They can control Bitcoin more easily than they can control something with proof of stake.
This, it's counterintuitive, but PoS is actually the less centralizing solution as long as it's done right(ETH fucked this part up, especially with adding slashing)

>>55684317
the fact is that it's much harder to use power to get the required energy to compromise pow, rather than just using power to directly compromise pos. the other fact is that in case of a chain fork, as long as those who have power still have power (they do) they simply can repeat the attack indefinitely on any new fork. they can use propaganda, law, tax, corruption, anything to force people to give them coins, or to drop the price to get more coins.

in pow, those attacks don't work as easily, because you can't manipulate the rules of the network with units you own and you need to actually spend energy which has as extrinsic value to the system. pow is safe. pos can be cheated by powerful entities.

>>55685139
>much harder to use power to get the required energy
not really, services like AWS and Azure make it really easy to turn millions of dollars into computational power. heck, Amazon and Azure could themselves overpower miners right now as we speak. Obviously they wouldn't because it's a massive waste of money and it would ruin their reputations. It wouldn't be worth it, but then neither would buying billions of $ of ETH and then crashing the price by attacking the network, not to mention you would undoubtedly get fork-fucked since the attack would be so transparent, the outrage justified. Your stake would get forked away and you lose everything. Not even "code is law" types would protest.

>they simply can repeat the attack indefinitely on any new fork
that requires buying up even more tokens that would get slashed and/or drop in price. Essentially it would just be a payment program to the honest holders since the dishonest holders have to transfer them money non-stop in order to devalue the tokens they just bought. Sure, this could be done indefinitely, but it would only make honest holders insanely rich while impoverishing the attackers.

>they can use propaganda, law, tax, corruption, anything to force people to give them coins.
if this is the case then all coins, PoW or PoS, are pretty useless. Also, can they? or are you just bullshitting because you have no more arguments?

the crypto-economic schemas of PoW and PoS is really the same once you understand the game theory and travel down all these 'nightmare scenarios' with a reasonable mind. ultimately, PoW and PoS are just sybil protection protocols, the real secret sauce of crypto lies in consensus.

>>55685337
it's much harder to use power to get the required energy to compromise pow, rather than just using power to directly compromise pos. I have to repeat myself because it feels don't understand what I'm saying. I'm not saying compromising pow isn't possible. not my point.

>that requires buying up even more tokens
no, that requires acquiring enough token, and doing so can be done in various ways, buying is just one way, probably one of the worst way. if an attack is done indefinitely, the coin will be worth around 0 because pos would have proven to fail resisting attacks.

>if this is the case then all coins, PoW or PoS, are pretty useless
it is the case, yes they can use propaganda and law to attack, in particular those who currently control money creation or benefit from it, and no because unlike pos, pow has actually a chance to resist those attacks. the more it resists, the more trust the system will have, the more users there will be. pos is dead on arrival because of those fundamental issues.

in the case of pow you lose value if you attack it, in the case of pos you're just not gaining value. that's a really big difference at scale.

pow will be needed as long as we live in the world we live in, that is with retarded people willing to fight for power, pos just favors those in power, it's socially stupid.

>>55684086
Dull little statist, reread what I wrote, the value of crypto is Money, not "p2p paypal", stateless, trustless money, which makes the oldest computationally expensive chain is Money, which makes BTC Money, there's no need to reinvent the wheel after you have something (BTC) which accomplishes the task of trustless, stateless Money, any advancements of the tech that ACTUALLY improve the chain can be added via soft forks.

>>55685337
Dumbfuck. PoW is safe because it requires continued and ongoing expressive to compromise, that is, it irreversibly ties PoW crypto to the real world, you must not only spend energy to compromise, but also to continue to hold power. PoS on the other hand, grants complete control forever to whomever has control at the start, PoS is statist garbage

bump

>>55675372
It will never go PoS, retard. The whole reason it's as big and dominant as it is, is that it's an unstoppable train that even the likes of blackrock cannot control. If they try to squeeze the PoW mechanism it will just drive the price up.

The "environmental impact" of PoW should really be seen as a worthwhile price to be paid for a truly poz-free, post-jewish world monetary system. The irony is that the people who complain about the energy usage of mining have no issue with global consumerism and shipping.

my allocation is unironically 90%
>tfw I am not diversified enough FUCK

>>55674718
Saw this shit on twitter days ago. No one read the bottom sentence or the rest of the paper there either.

>>55687542
can i get a qrd?

This whole thread, i cant tell anymore if these are larping oldfags fucking over newfrens or if we are hitting with another wave of max retard refugees
If you think crypto is worthless and its most basic value propositions are illusions what the fuck are you even doing on a crypto containment board

You regularly go to lit to proudly proclaim you cant read more than 3 consequetive sentences

>>55676680
They can't "dump" the assets as they are only custodians, do you think they dump SOXX assets when NVDA pumps? They can't.

>>55687501
This nigger fucks. Real Money™ enables we the masses to have our collective will felt, that's the power of hard money, that's the power of BTC

>>55675214
>Tokenization of assets
Retard alert.
Midwit cretins keep spewing this mantra as if it meant anything. What do you think the tokenization will do exactly? Suck up the value from said asset and store it in the token lol? Thus holding the token rather than the asset will make you rich? That's like saying
>hey i just took a picture of your house and put it online, my picture is now worth a house!

Tokenize all you want, the value will always remain in the underlying asset. As usual, trying to 'solve' non-existing problems...

>>55689528
bitshit isn't money

>>55685656
>not "p2p paypal"
huge gigabrain
fuck the obsession with money
i will not participate

>>55689975
monero isn't a store of value therefore not money

>>55690053
according to what, gold is a store of value and money

so therefore monero with even lower deflation than gold also is money and a store of value

good luck out there though, gonna have to suck dicks behind dollar general

>>55690126
>lower inflation

>>55689611
>has never heard of the derivatives market

>>55685712
>it irreversibly ties PoW crypto to the real world
wrong, humans do this by assigning value when they buy and sell the token.

>PoS on the other hand, grants complete control forever to whomever has control at the start
wrong, if the token's price goes up then it inevitably gets sold. company shares are similar, where it's initially concentrated in few hands and gets distributed to many hands over time. same mechanism.

>>55685600
>in the case of pos you're just not gaining value
simply not true since to get power you need to own a majority of the tokens or already possess those tokens. For a network like ETH, that's an enormous amount of value owned. So an attack would send ETH token value spiraling down would therefore cost the attacker nearly the entire value worth of all his ETH tokens. It's an extremely expensive attack, made even more expensive by liquidity constraints, the price would skyrocket if an attacker decided to buy that many ETH. one advantage of PoS over PoW is that computational power has less liquidity constraints(thanks AWS and Azure), and attacking a PoW wouldn't cause the value of that computational power to flatline like a token. So to summarize: cost of attacking PoS = value of 50% of all tokens. cost of attacking PoW = cost of renting sufficient hardware.

>>55675150
>Thepiratebay was inevitable

>>55689494
investment managers literally buy and sell assets you fucking goober

BlackRock is an investment management company. they buy and sell shit on behalf of clients. Asset management is basically the same as well. fucking google, use it before you vomit your weird retard opinions on my beautiful pristine thread.

>>55692032
>the Holocaust was inevitable

>>55675050
Defi is the future of world finance anon, It also gives users complete control over assets and top tier security through self-custodial wallets.

>>55691927
>same mechanism
Yes, and that's a bad thing. 51% control of PoS gives control forever, 51% control of a company gives control forever, but a company is not money, the worst you can do with control of a company is run it into the ground, the worst you can do with control of a society's money is run the society into the ground. PoW does not grant future control with present control, that's the benefit of PoW, 51% control of PoW requires continued and on-going input making PoW infinity more resilient

>>55692095
Bro, they can not dump the fucking assets of a fucking ETF without people redeeming the ETF

>>55682291
BTC will go to 0 if it becomes BlackRock PoScoin.

>>55693549
let me give you two scenarios:
PoS scenario
>Dick Cryptoberg buys 51% of a PoS and starts doublespending, censoring transactions, and generally ruining the network for everyone.
>everyone else who isn't Dick Cryptoberg who is also invested in the coin decides that they don't want their coin's value to collapse into nothing
>a fork is made where Dick Cryptobergs wallets have been set to zero.
>this fork doesn't have Dick Cryptoberg doublespending all day so everyone switches to it
>this fork also has about 49% the number of existing tokens yet is worth just as much as the original network before Dick Cryptoberg showed up.
>therefore the value of everyone's tokens just doubled while Dick Cryptoberg lost everything(he still owns tokens on the original network, but no one wants to buy those tokens since no one uses that network)

PoW scenario
>Dick Cryptoberg buys a shitload of computational power
>ruins everyone's day like in the above scenario
>everyone switches to a new fork, maybe they set his wallets to zero(this does nothing)
>Dick Cryptoberg simply points his miners to the new fork and continues to fuck everyone with doublespends and censor attacks
>he only loses the price of electricity instead of a massive 51% of all coins as in the above scenario
>he probably makes up for that by shorting the fuck out of the coin (he doesn't own any of these coins, so it's all good)
>Dick laughs his way to the bank as he drinks PoW boomer tears
>once that PoW coin is dead, he focuses his miners on the next one. rinse and repeat.

>>55684390
>but PoS is actually the less centralizing solution as long as it's done right
>"PoS is actually the less centralizing solution as long as long as we live in lalaland"
Babby's first game theory.

>>55693841
read
>>55693835
I spell out the game theory as simply as possible for you PoW knuckledraggers

>>55693853
Read what? you don't know how this works. You are an obvious ETH bagholder, while I hold no shitcoins (including BTC). Im not dumb enough to think PieceOfShit is safer than BTC's PoW tho.

>>55684268
I hodl a decent stash of Btc as well which I store in my ledger. Since the upgrade I could also earn yields on my other alts like Egld and Ride on the wallet.

>>55693876
read it you fucking nigger

>>55676680
Retard, don’t speak on things you do not understand.

Is .5 BTC enough bros??? And when is blackrock ETF coming

>>55693835
>>55693853
Doublespends are not the attack vector you dumb fucking statist shitcunt, your scenario is trivially solved by switching algos, the attack vector is parasites gaining control at point N and then having control FOREVER, PoW, requiring ongoing input, is perpetually safe from parasitic statist attack, Proof of Shitcoin gives complete control to the landed gentry FOREVER, there's a reason JPM loves ETH.

PoW is hard money. PoS is fiat. Simple as.

>>55689494
>>55694355
where did all these "BlackRock can't buy and sell assets" retards come from? what the fuck. is this a common misconception I'm not aware of? bots gone haywire?

>>55694397
congrats, your pod will be twice the size of a nocoiner. ETF when? is complicated, I'll show a timeline in the next post

>>55694397
it's a race against Grayscale. it's ultimately the SEC that can decide whether they want Grayscale or BlackRock to have the first BTC spot ETF.

>>55694442
They can't liquidate an ETF's holdings (without redemptions) you dumb fucking retard

>>55694433
>your scenario is trivially solved by switching algos
depends. if the attacker is using ASICs then yes, but if they are using generalized computing like what Amazon and Azure offer(why I mentioned those) then switching algos doesn't matters, might have to balance memory/cpu for optimal mining, but that's trivial. also switching algos is a burden for ASIC miners that have to throw away all their old hardware and buy whatever suits the next algo.
The scenario where PoS fork/slash away from the dishonest majority holder is one where all the honest holders benefit, so it still has PoW beat even in optimal attack conditions where the attacker is using ASICs.

>there's a reason JPM loves ETH.
>there's a reason BlackRock loves BTC
see I can do it too, shitty argument. admit it, you're just throwing whatever your feeble mind can come up with and hoping something sticks. maybe that works against a typical shitcoiner, but not me.

>statist statist statist
kek, this is your brain on lolbertarianism

>>55694449
This. Blackrock knows spot ETFs will be approved and wants a cut

>>55675347
based listener

>>55694495
>setup BTC ETF
>fork a PoS-ESG version of BTC
>declare PoS-ESG-BTC the real BTC
>dump PoW-BTC with no restrictions because it's not part of the ETF anymore, at it's not BTC anymore
nothin' personal goyim

>>55674718
Jeet, I'm not even going to allocate 50% of my portfolio to BTC. It can make me as much as a 10% RAIL portfolio would.

>>55674718
for me it's 100%

>>55675050
ok faggot, now kys

>>55676473
>Sad. BTC is Money. Imagine quadrupling the real GDP of earth over 5-10 years, that is hyperbitcoinization. The value of BTC is not in a 'market' or a 'service', it is not "p2p paypal", the value is that it is a technical fix for the political corruption of money, the systemic economic value of transactionally easy hard money is INCOMPREHENSIBLY vast.
hello, the based department?

anyway, details of Bitcoin vs shitcoins in pic

>>55694496
Again, doublespends are not the problem, the problem is parasitic transfer of resources to past stake holders, this is economically disfavored, think 5th dimensionally dull little statist, PoS gives unearned rewards, PoW gives earned rewards, that is the difference.
>there's a reason BlackRock loves BTC
They don't give a fuck about BTC, they just want their cut of the market, see: >>55694449

>>55674970
Wait then he actually knows what he's talking about... BTC unironically gonna hit 100k kek

>>55694496
>lolbertarianism
We live in an anarchy, always have, always will. Hobbes's Leviathan is Meme Complexes not the State, the war of all against all is solved by the "voluntary exchange" meme as it provides greater rewards then the "banditry" meme, rewards which compound into civilization

>>55694566
>Again, doublespends are not the problem, the problem is parasitic transfer of resources to past stake holders
well I thought you were talking about security of PoW vs PoS. If you are talking about fair economic distribution of mining/staking rewards then that's a different story. I don't really know, or care, about what is fair. Should people be rewarded for crunching a bunch of numbers on GPUs? Should people be rewarded for locking up digital tokens on a validator? I don't know. What I do know is that with the right incentives you can create a secure and decentralized ledger. PoS and PoW to me are just incentive mechanisms. The idea of fairness is secondary and uninvolved in securing the chain.

>They don't give a fuck about BTC, they just want their cut of the market
more or less the same thing with JPM and ETH, except I think JPM wants to also suck liquidity from DeFi as well. like hyper-parasitism in nature.

>>55694582
>We live in an anarchy
we live in hierarchy. the strong rule the weak.

>>55693876
what is the days since float chart mean?

>>55694449
Thanks for the timeline Anon. Greatly appreciated. The next year will be insane between the ETFs and the halving.>>55694449

>>55694535
>dump real BTC
>real BTC falls in price
>I buy the dip
You can't manipulate BTC, hyperbitcoinization has already happened, stop falling for memeshit

>>55675347
JPM shares>>>>>>>>>>>>>>>Blackrock shares>>>>>Miner shares>>>>>>>>>>>>>BTC

why didn't you listen?

>>55675020
Implying Epstein genes would upgrade humans kek. Only genes that can upgrade humans on this planet are from my family

>>55694619
Smoothbrain. The value proposition of crypto is stateless trustless money, that is, a technical fix for the political corruption of money, that you can't see the systemic value shows you simply don't get it.
>more or less the same thing with JPM and ETH
False. JPM sees PoS for what it is, a continuation of the fiat grift
>we live in hierarchy. the strong rule the weak.
No, no one can make you do something, only you can make you do something. What is the Leviathan? Mechanistically how does the Leviathan function? Meme complexes, which means Law is only an ex post facto codification, it is DESCRIPTIVE not proscriptive, society shapes law, law can not shape society, divergence from memetic consensus will lead to law being ignored, which will cost the State memejuice, limiting it's ability to function. Anarchy in all but name

>>55695017
sheep need a herd

>>55694619
tech has nothing to do with fairness because you can't create anything more fair or neutral than bitcoin by definition.

it created the entire sector and thus already won, everything else is fighting tech supremacy because they already lost monetary supremacy.
nobody cares how fair an altcoin is because anyone that isn't an emotional bagholder knows one day they're going to have to sell it, or hold it to zero.

>>55694896
I wish you luck. I'm not rooting for BlackRock, just making bets.

>>55695017
>no one can make you do something, only you can make you do something.
technically true, but if the alternatives are social ostracization or death then you can basically make anyone do anything. Just because written law is ex post facto codification of societal norms doesn't mean there aren't any rules. All it means is that the actual rules and power structures are informal. you can look at literally any society and see power structures and rules that form around those power structures. rules and rulers always exist. the law is simply an attempt to take informal rules and codify them so that we have a sense of consistency so we can go about our day without having to worry about the unexpected. formalization of societal rules into simplified mechanical laws also prevents conflict, since both parties can easily determine the outcome of a conflict before engaging. violence is the result of both sides thinking they are in the right, or that they will win. if it's clear that only one party is in the right, then there is no conflict. Most of the problems of our society are that our laws are so complicated and so arbitrarily enforced that it's effectively an informal system. It still has rules and rulers, but they are vague and constantly shifting. A well run society would have a well-defined ruler with well-defined laws, a single king and a simple constitution. Anarchy simply cannot exist and most people that advocate for it end up accidentally creating informalized systems of power that just make things worse.

>The value proposition of crypto is stateless trustless money, that is, a technical fix for the political corruption of money,
the real value proposition is 'gongo up', but what you said sounds good too

>>55695265
>'gongo up'
>in US DOLLARS
^^

>>55695265
What's your bet? Market hasn't priced in an ETF delay at all