/biz/ - Business & Finance

[Anonymous No.11016028]

>beanie babies
>pogs
>pet rocks
>furbees
>pokemon
>the harlem shake
>bitcoin/cryptocurrencies

bitcoin was just a fad. it's not bitcoin that's valuable, it's the underlying technology, or the blockchain. companies will just take this technology and use it for themselves privately. it's open source for crying out loud! I'm out!

t. first time crypto "investor" december 2014 speaking in late summer 2015

[Anonymous No.11016059]

Fuck u fuck u fuck u gimme back my money assh0le

[Anonymous No.11016099]

Lmao. Nobody needs blockchain.
It's Bitcoin, not blockchain.

[Anonymous No.11016162]

Blockchains are absolutely useless.

[Anonymous No.11016314]

>>11016099
>takes a variable time up to over an hour just to be recognized
>costs $25 for a transaction when a lot of people try to use it
>wallet takes almost half a terabyte and growing and takes days or weeks to sync the first time unless you have a $10,000 computer
>can't mine it competitively unless you can get really cheap electricity and manufacture asics (startup cost in the billions to do)
>whole security mechanism controlled by one impolite chinese guy, all transactions at his whim
>whole market price controlled by one intelligent offshore black leverage man, price constantly barting up and down as liquidations funnel cash out of the market
>no new buyers, everyone is waiting for the next new fad, maybe game of thrones?
>meanwhile paypal, venmo, visa, elle etc. process millions of TPS for no cost and are easy to use
>still 999/1000 people don't question the issuance of money or the underpinnings of the financial system enough to want to use cryptocurrency for a moral reason, and actively recoil or glaze over at the subject