/biz/ - Business & Finance

>>56937296
>Who will the miners side with?

whatever makes them more money (USD)

>>56937313
So what will the fork be called? Bitcoin Original? Bitcoin Classic?

>>56937296
This faggot is the exact opposite as Craig Wright. Jr is loud, but he's not alone. The entirety of Core and it's funders like Dorsey are in full panic mode right now. BTC has to fork now, there is no alternative. Ordinal data is only going to continue to mount, somethings got to give. The entire narrative surrounding Bitcoin and how it operates is imploding before our eyes and it's fucking beautiful.

>>56937330
Bitcoin whitepaper coin

>this man has the ability to completely destroy your crypto net worth

>>56937296
How is it spam if someone legitimately pays the average mining fee and has a need for the transaction?

chad core dev vs glowie psyop "nft enjoyors"

>>56937396
Based. That's the kind of crazy I can get behind
>t. hold over 100 BTC

>>56937330
Bitcoin Satoshi Vision oh wait...

>>56937330
Pre-fork inscriptions stay, so they'll be little market demand for an inscription fork, doubt one will be maintained for any meaningful time period

>>56937511
BCHSV

>>56937553
silly maxi. the forked chain always loses, the original chain will win, the original being ordinals chain, go buy coffee for $0.2 using the lightning network in your third world country, kek

>>56937553
Absolutely loving this war. Please stay entrenched in this position, I beg you.

>>56937570
Ackchyually it's just BSV.

>>56937574
I think there is going to be significant damage on both sides of this. Unlike 2017 they didn't have years to censor and build up a narrative. This is occurring way too fast and unexpectedly. Additionally all Bitcoin forks could be hit with copyright next year and also there is no fucking way the ETF goes through.

>>56937296
AHEM, FUCK ORDINALS, FUCK BIGBLOCKERS, FUCK SHITCOINERS, FUCK TWITTER ORDINAL COCKSUCKERS INCLUDING THAT SMUG CHILD LOOKING RETARDS, AND MOST IMPORTANTLY, FUCK JANNIES

>>56937627
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT
>SPLIT
SPLIT

>>56937657
They can fork BTC and BTCO for the ordinal chain.

>>56937346
> somethings got to give
So are you saying that muh lightning network, muh taproot, and muh segwit aren't enough to scale the maxipad chain? Fascinating.

>>56937673
Corecope. You vill split, you vill be denied the ETF and you vill be happy.

lol. lmao even

>schizophrenic finds 2 blocks
>starts shitstorm
>loses hashrate
>can't find blocks anymore
>damage control
>"it's a CVE guys"
ignored

>>56937296
Thoughts?

>>56937726
post some more hypocrisy tweets from his boyfriend too

>>56937739
Okay.

>>56937759
>>56937739
Alpha:

>>56937717
>>56937726
>one camp wants to maintain protocol and likely scale

>>56937739
>the other camp wants to fundamentally alter protocol (again) and keep bitcoin from scaling

>both are retards fighting over crippled Bitcoin and will undermine it's fluffed up value

I don't think I've ever been more bullish for BSV. Fight more! Kill each other! GO GO GO GO GO!

>>56937296
Please let there be another fork so I can dump it on Luke for more BTC.

>>56937574
Like the original non-taproot, non-segwit chains, the ones that don't exist because of no demand? OG ordinals remain, so even ordinal holders are going to prefer the "patched" fork

>>56937787
Fork doesn't guarantee people flock to BSV. Fork guarantees industry exodus.

>>56937844
>Like the original non-taproot, non-segwit chains, the ones that don't exist

Nigger, BSV is still here. It's not going anywhere.

>>56937902
You're right, however this particular split undermines the legitimacy of both camps. Core was able to hold onto legitimacy last time, this time however it totally ruins everything. This presents a massive opportunity for BSV. If he then wins COPA it might actually push people to BSV in a big way.

This fork no matter what happens is completely unavoidable. It is 100% going to occur. The current state of BTC is untenable.

>>56938162
It's there anything more pathetic than a Craig the Fag dickrider? Whichever chain has the most hash will be considered the real bitcoin, Bitcoin Trash, and Bitcoin: Scammers Vision lost, you lost shitcoiner. Memetic consensus will determine whether the ordinal patch or the unpatch chain wins and miners will bend the knee, but in either case you, the pathetic retarded shitcoiner, will continue losing.

>>56937396
i am 100% he is a pedovore

>>56938246
Bitcoin is also a chain of digital signatures, which BTC is not. Nor is it an electric cash system. It's a best a shitty settlements network. You're not coming out of this upcoming fork unscathed. There will be a ton of contention. Not to mention it'll be rushed. It's going to be quite the shitshow.

On the otherside of it we'll have a shitty Corecoin that can't even do ordinals anymore with 1MB and probably other buggy "upgrades" to make it work with Lightning better (lol) and/or an ordinals coin that likely won't focus much if anything on scale, but retain ordinals. So two completely shit products. I'll be eating popcorn.

>>56937330
Bitcoin X

>>56938162
You can barely trade BSV anymore, all the exchanges delisted it because they were sick of Cregs bullshit.

>tfw BTC forks and you still don't get BIP 300 out of it :-/

>>56938388
Its on a ton of large markets including Kucoin and OKX, Gate, HTX, etc. You're just confused because it's not on Binance or Coinbase. Binance isn't going to exist in a year or less. Coinbase is going to take an L on COPA and then have to list BSV. Deal with it, faggot.

>>56938309
A universal unit of account massively increases the efficiency of economic calculation, as without a fixed point of reference accurate pricing (price carries information), requires great degrees of iteration, which are economically (time and resource) expensive. Bitcoin does not need to be used as common currency to produce this function, it performs this function fine as a free floating asset, as price carries information. Using Bitcoin as currency is wholly superfluous to it's function as money, as a unit of account, the valuable thing is the information encoded within it's price. There's little friction in the conversion to or from other monies, so there's no additional information gained by using it as common currency.

Hyperbitcoinization has already begun, this halving marks the inflection point where BTC's inflation (1.7% now) permanently falls well below that of gold's (2%), for all future points BTC will only ever be a better and better fixed unit of account. Cry all you like, you can't fight economic efficiency.

>>56938537
>there's no additional information gained by using it as common currency.
>Hyperbitcoinization

Absolute retard. Hyperbitcoinization is impossible without it absorbing and underpinning 99% of economic processes. That would include simple transactions to advanced contracts and data processing/storage. What you're describing is an investment vehicle which is scarce, not Bitcoin and is ultimately not needed in a world with actual Hyperbitcoinization. Not surprising as you're the kind of faggot who thinks BTC is Bitcoin. Get consensus cracked, queer.

>>56938639
Dullard. The value is the information contained in the price. Not surprising that a shitcoiner doesn't understand Money. Hyperbitcoinization does not require or even benefit from the use of Bitcoin (BTC) as currency, no new information is encoded into the price by using it transactionally as the economic friction in money conversion is neglectable.

>>56938162
>this particular split undermines the legitimacy of both camps
This is what concerns me. While I appreciate the potential utility enhancements for BTC, particularly in gaining features akin to ETH, my concerns revolve around the introduction of Ordinals. Innovation is essential, but it should not come at the expense of jeopardizing the existing utility of the network. The continued acceptance of Ordinals raises questions about the impact on transaction fees, network congestion, and overall participation.

>>56938162
>BSV is still here
bee ass vee has no block limit, it's impossible to sync and even so your blocks are empty
worthless chain
also, removing P2SH makes no fucking sense
you mongoloids are truly pathetic

>>56939021
Bitcoin was designed in such a way that said price would be a data point on the chain, which has value. That data could then be processed in a number of ways onchain beyond simply buying and selling. This shit is clearly over your head.

>>56939026
This entire situation could have been prevented if big blockers won in 2017. Here's where this goes most likely:
>Core calls for a hard fork to remove this feature they might even attempt to raise the blocksize since they're forking anyway
>Ordies call for no changes or at least no hard fork by way of means to retain legitimacy despite many in this camp probably wanting increased block sizes

It's completely untenable, both sides suck. Asset implosion is assured. BSV looks very attractive in this situation. However, Craig can still fuck this up by losing COPA.

>>56939095
>has no block limit
Yes.

>it's impossible to sync
It's not.

>your blocks are empty
Our blocks on average are 50x larger than Corecoin and we've had numerous gigabyte blocks including 4GB blocks. We're looking to achieve Terabyte blocks in the next year.

>P2SH
Literally unnecessary.

You will cope, you will seethe and your chain will split. Now go dilate.

>>56939258
You are a retard that understands neither economic calculation nor money. The valuable part of a fixed unit of account is the price, using it transactionally does not encode additional information as only net demand changes the price as money conversion is low friction. Bitcoin (BTC) can readily use all of global finance as it's L2. You can't cheat Economy in-the-limit, that's the beauty of economic solutions, you, the wagie debtslave niggercattle, does not need to understand, or even be aware of, the process for it to work.

>>56937346
>>56937616
>>56937657
>>56937698
>>56937787
>>56938162
>>56938309
>>56938453
>>56938639
>>56939258
God bless your soul fellow BSV Chad we gonna make it

>>56939258
Also, your take on ordinals is dildos as well. Nobody cares about ordinals, no miner is going to bat for them, no large BTC holder will either, and the cherry on top, OG ordinals remain, so most ordinal holders will supported "closing the book" as it prevents more ordinals from being minted, making theirs extra special

>>56939974
You're literally just making excuses for why your shitchain is unusable. None of which are valid as the technology is capable of both and your selling it short because you're a fucking moron.

>>56940004
Cheers

>>56940027
>Nobody cares about ordinals
You're clearly wrong about this as evident by just transaction fees alone which look like a bull top, which we are still a year or more out from. Alternatively check Ordi prices, or look at X. There is a full blown civil war between Ordies and Laser Eyes. Mining groups are bickering too. You're fucked you stupid fucking faggot.

Even if you blocklets can put your differences aside (you can't) and come to some kind of peace the chain is still FUCKED. You can do nothing and Ordies continue to fill the mempool and make transaction costs skyrocket for a full year before the bull takes off. OR you HF and alter protocol in a totally unnecessary and dangerous way, plus undermine the entire narrative laid out by Core over the past 10 years as well as nuke the ETF.

The walls are unironically closing in. I never predicted it would happen quite like this, but it literally is and I couldn't be happier. There isn't a single option BTC takes that doesn't blowup hilariously.

>>56940209
I'm sorry you're too low IQ to understand Money. The systemic economic value of BTC is as Money, a fixed unit of account, "doing both" isn't valuable, as no new information is encoded into the price by using BTC as common currency. As I schooled you in that thread the other day, if throughput matter your shitcoin mutation would outperform, but it does not, Economy is always right definitionally.

>look at X. There is a full blown civil war between Ordies and Laser Eyes
Oh shit, twatter wars?! we're in trouble now!

>>56940333
>no new information is encoded into the price by using BTC as common currency.

You're just saying nonsense. If a commodity has more uses it becomes more valuable. If BTC could be used to track supply chains (which Bitcoin can actually do) it would absorb the value of SAP/ERP systems and so on. The true value of these microtransactions and timestamps cannot be overstated, its literally the entire reason Hyperledger and other "private blockchains" were created. However these "private blockchains" are a dead letter. You gain NONE of the efficiency of a blockchain if it isn't public and PoW. The amount of damage done to the progress of this technology by faggots like yourself is simply unforgivable and I hope you die in fire.

Pick a lane though, I look forward to the meltdown form the impending chainsplit or lack their of and >$1000 transaction fees this bull.

>>56937346
Where can I read more about this?

Ok. So buy more bitcoin? Got it. Buying Linkies too. And gfy.

>>56940430
You do not understand money, thankfully you don't need to for Bitcoin (BTC) to do it's job of increasing systemic economic efficiency by providing a fixed unit of account. "Common" demand does not matter in the slightest, as BTC is money only the monetary demand matters, and the NET monetary demand carries enough data to encode all meaningful state information.

Look at gold to see how money functions, despite high inflation (for a fixed unit of account), and demonetization, it still increased in exact proportion to monetary expansion since '71, because as a money only net monetary demand mattered, no additional information was being encoded into gold's price by using it as currency.

You shitcoiners lose the plot thinking bitcoin is tranny tech technology, bitcoin is monetary technology, there will be no BTC 2.0 because BTC does the important stuff well enough and that's all that matters.

>>56940813
Bitcoin doesn't lose it's characteristic of hard money if you use it, nimrod. You're coming up with the shittiest copes to explain why nobody should use Bitcoin. It's embarrassing.

Bitcoin isn't gold. It's far better than gold. It's more divisible, it's more portable, it's more scarce, it's more auditble, it's more secure, it's cheaper to store, it can be used over the Internet, you can use it to store data, you can use it for contracts, you can make it automate contracts, you can issue currency on top of it, you can issue stock on it, you can issue ID with it, you can issue any credentials you want, you upload jpegs if you want, etc.

>tranny tech
>not monetary tech

It's specifically because it is a monetary technology it can do these things securely and better than any other system before it. You insufferable faggots have set us back years.

>>56937396
This is actually one of the more sane things he has posted. He's a true lunatic in some of the things he believes.

>>56937396
WTF I love bitcoin now

>>56937330
I'll suggest bittereum
>nft? check. short off
>stupidly high fees? check
>slow transaction? check