/biz/ - Business & Finance

[Anonymous No.13386430]

Why is it so hard to get people to buy crypto?

[Anonymous No.13386438]

I want to buy some crypto but my bank won't let me
the jews have won

[Anonymous No.13386650]

>>13386430
Because unless you are a 20 year old zoomer, internet investments seem very scary and unreliable.

Like dude what if someone hacks the website and you lose it all!

[Anonymous No.13386661]

there's no simple hassle free way for the average joe to buy internet money

[Anonymous No.13386672]

>>13386430
Because the means to get them are a little too complicated for average people.

[Anonymous No.13386700]

Because, rightly or wrongly, it's currently seen as an intrinsically worthless scam.

[Anonymous No.13386703]

>>13386430
Most people struggle to manage their bank account. Everything is direct deposit. It’s transparent. If it’s not credit card or ATM easy then it’s hard.

Just look at some “crypto so fast” video where you have to switch between apps and touch 10-15 different buttons and QR codes.

Until crypto finally comes to grips with the levels of tech illiteracy in the masses there will be no adoption beyond the investing community and tech savvy Individuals. Right now crypto is filled with dev sandboxes fucking other dev sandboxes. It’s insane that after all these years no one has been able to simplify things to the level of the users they hope to connect with.

[Anonymous No.13387002]

>>13386430
Imagine the smell

[Anonymous No.13387013]

>>13386430
Dont most sites require you to like send in a picture of yourself holding your ID? Thats a big hurdle for normies who might already be hesitant.

[Anonymous No.13387142]

I wish that were me...

[Anonymous No.13387169]

GOD

[Anonymous No.13387188]

>>13386703
yes its insane but its because all are so greedy and compete instead of collaborate baka

[Thomas Snakatino No.13387204]

Lol I would seriously strike that bitch. Like wtf don't break my fucking nose on your loose cunt and ass you monkey

[Anonymous No.13387205]

>>13386672
this. the learning curve of even just transferring coins is high.

[Anonymous No.13387632]

>>13386430
Hope they all die in the most painfully way possible. Fucking degenerate cunts

[Anonymous No.13387818]

>>13386430
Most people don't buy stocks. It would be harder to even get them to buy crypto, which most people think is a scam.

[Anonymous No.13387843]

>>13387204
lol fag

[Anonymous No.13387873]

>>13387843
Lol seriously. Like wtf kind of weak, thin, pussy ass nose does this guy have amirite? Cant handle some fine honeys ass bouncing off your face? Lol. Bet he wouldn't complain if it was balls. Lol. Big ole sweaty salty nuts lol. Bouncing off your chin over and over cause youre sucking cock. Fuckin faggot. Lol.

[Anonymous No.13387979]

>>13386430

Crypto is a bit of a hassle to buy right now, what with having to sign up to an exchange or do some kind of maneuver involving a different prepaid card that you then use to buy crypto anonymously. BTC had something going with the ATMs but that avenue of purchase doesn't seem to be expanding much.

[Anonymous No.13387985]

>>13387873

There's bone under that fat and muscle, anon. And that girl doesn't have much extra padding.

[Anonymous No.13387991]

>>13386650
>no coiner detected.. unless you talking about an exchange LEL
> website hacked OMEGALUL

[Anonymous No.13388017]

>>13387991

ahem... Quadriga. Not hacked but, yeah, that's a risk.

[BSV will win No.13388031]

>>13386430
BTC fucked it up by not fucking scaling when needed. Now companies and people have lost faith, the amount of damage BTC has done by allowing the fees to skyrocket might not be repairable before banks' fake crypto is ready.

[Anonymous No.13388129]

>>13387818
Add to this that your average person has no use for crypto. They're not going to spend over just using their card because muh crypto

[Anonymous No.13388140]

>>13387204
>>13387632
>>13387985

You disgust me.

[Anonymous No.13388149]

>>13386650
Everyone except 50 year old boomers have spent their entire lives doing commerce on the internet at this point.

[Anonymous No.13388246]

That guy has herpes all over his face now.

[Anonymous No.13388337]

>>13388031

If your brain had a >80 IQ, you should realize that storing data on a decentralized chain is not 0. Therefore, fees will have to exist. The projects that aim to have less fees or even 0 fees on chain is pushing for centralization.

Furthermore, scaling by simply increasing the blocksize is not efficient. It's like saying "oh, this floppy drive only 1.2 MB, I guess I'll just buy more floppy drives" instead of trying to invent new technology like NAND.

So in order to scale on a decentralized system, scaling has to be done on Layer 2 and on layer one, fees will exist because storing information on a decentralized system and broadcasting that information until the end of time has a cost greater than zero.

[BSV will win No.13388398]

>>13388337
all that was needed was an increase to 2 MB. people wanted this for years because it was calculated that the ceiling would be hit at the end of 2017, which it did.

absolutely NOBODY has a problem to download 2 MB every 10 minutes and it would have bought much needed time to prepare that precious layer 2 solution, instead of rushing out a non-working lightning network. adoption wouldn't have left, faith wouldn't have left, developers wouldn't have left and bitcoin cash wouldn't have existed. the limit could have been increased 1 MB for 30 years and nobody would have any problem to download the blocks every 10 minutes.

imagine the state of BTC if it had just been allowed to prosper and not be held back for literally no reason what so ever. this image im posting is well over the block size limit and calculate how long it takes for you to download it.

[Anonymous No.13388435]

>>13388337
>So in order to scale on a decentralized system, scaling has to be done on Layer 2 and on layer one, fees will exist because storing information on a decentralized system and broadcasting that information until the end of time has a cost greater than zero.

There's no justification for fees being higher than the amount you want to send and taking over an hour to complete a transaction. What's the point of a decentralization system when it doesn't do the job better and cheaper than a centralized system? If the fees are higher than credit card transactions and the transaction speed is several magnitudes slower, what's the fucking point of using Bitcoin?

They haven't solved the scaling problem yet. The Lightning Network is insecure so it's only usable only for small transactions. Creating a 2nd layer solution only proves that decentralized systems aren't scalable.

[Anonymous No.13388452]

>>13386430

[Anonymous No.13388490]

>>13386438
Use another bank or a credit union you big homo.

Or use an ATM: https://coinatmradar.com

[Anonymous No.13388511]

>>13388398
Segwit increases the max block size to 4 MB theoretical. The miners kept saying "we want 2 MB blocks" but with segwit, max theoretical block size is 8 MB.

So the 'only segwit', aka core devs & community didn't want to increase blocks to a possible 8 MB. In the end, only segwit won and just go look at the block sizes right now. They're more than 1 MB, I see one right now that's 1.8 MB in size.

The miners & big companies distorted the argument and said "we just want 2 MB blocks" and that's a lie. Segwit already provides 2 MB blocks but they wanted more.

[BSV will win No.13388571]

>>13388511
shows what you know. segwit only increases the number of transactions per block by 0-70%, it varies because how much space can be saved depends on the input addresses so different tx structures saves different amount. but at 100% segwit adoption it will never have 70% more transactions in a single block compared to how it was before segwit was added. segwit can still increase block size up to 4 MB on disk. quadruple blocks but 0-70% tx gain. yes that increases bandwidth requirements too.
https://en.bitcoin.it/wiki/Weight_units#Misconceptions

so you get times 1.7 tx/s but times 4 on disk space and bandwidth. and you increase complexity 100 times by adding the concept of block weight. meanwhile if you increased max block size from 1 to 2 you get times 2 tx/s and times 2 on disk space and bandwidth. no complexity increase.

segwit is absolute garbage and the ONLY reason it was implemented is because blockstream have ulterior motives.
https://old.reddit.com/r/Buttcoin/comments/6ndfut/buttcoin_is_decentralized_in_5_nodes/dk9c27f/

im so tired to keep having to repeat this. nowadays it's easier just to honk.

[Anonymous No.13388582]

>>13386438
that should be your buy signal

[BSV will win No.13388593]

You probably won't read because it's easier to just BELIEVE that BTC is the best and surely nobody would lie about SegWit but I'll leave this here anyway:
https://medium.com/@SegWit/segwit-resources-6b7432b42b1e

[Anonymous No.13388749]

>>13387991
Retard

[Anonymous No.13388822]

Because normies can't internet. If it's too complicated, it may as well be impossible. The average normie has a portfolio of mutual funds, most people only have 1 or 2 MFs at that. THIS is the majority speaking. They want simple and easy and they want someone else to do all the work for them including vetting, purchasing, custodianship, hell even investment suitability.

People are perfectly content to be told how to invest because to most people, it's just something you're supposed to do. Nothing more. For all the money flying around in the stock market, you'd be surprised at how little retail actually participates.

For ultra normans to buy crypto, we need 3 things:

1.) Big finance gives the green light
2.) A major brokerage needs to be a custodian for crypto
3.) A series of ETFs or MFs with diversified crypto holdings and various levels of market exposure

>t. stockbroker

[Anonymous No.13388839]

>>13386438
you can use credit card

[Anonymous No.13388859]

>>13388571
nobody cares about a softfork you double faggot
the blocks will stay light or Szabo will be forced to step back in

[Anonymous No.13388889]

>>13388859
shifting narrative, beep beep. adoption leaving doesn't matter, honk honk.

[Anonymous No.13389234]

>>13388571

The devs didn't want to hard fork, that's one of the reasons they went segwit as a soft fork because it was extremely difficult to reach consensus with the community as the issue has been fought over for years.

The question is do you think signature data should be stored / transmitted cheaper than the actual tx itself and legacy nodes will still work? I'd say yes if that's the standard. Of course you still have the option to opt out but you're paying more for your signature data and that's a good reason to encourage people to go on the segwit standard.

A hard fork did happen and it's called BCH. Anyone is welcome to using it. I lost count how many times they hard forked to increase the block size. Is it like 32 MB now or something.... I don't really follow the news from BCH anymore.

[Anonymous No.13389247]

>>13386430

crypto wallet = 1 typo, money gone forever. no getting it back ever.

fiat account = redact any payment, any time, anywhere, any reason, not liable.

this is gonna take a while.

[Anonymous No.13389261]

because crypto has no real world use

it will just be rare pokemon cards 10 years from now

[Anonymous No.13389304]

>>13386430
Why would you? Try explaining cash, physical money, to your dad - you don't have to, because he fucking knows how it works. Assuming he's using U.S. dollars, he has five units of fiat currency whose continued utlity is guaranteed by an arsenal of ICBM's. He gives one to a bookseller. He is now 'down' a dollar, but 'up' a book.

Let's try this with cryptocurrency. Your dad has five units of Ethereum. It's a decentralized, unregulated digital currency. Physically, it does not exist. It isn't backed by anything except the assumption that people will continue to believe in its value. You can't touch it, taste it, smell it or even see it outside of your phone telling you that it still exists.

Your dad has Hope Money, and he uses one to buy a book. It takes half an hour for the transaction to process because the underlying financial infrastucture accompanying traditional currency isn't there for Hope Money. The nameless, faceless individuals running the exchange he's using to complete the transaction suddenly decide to dissolve their corporation, stealing millions of dollars of their customers' Hope Money in the process. Your dad is now 'down' four hundred thousand dollars, and 'up' nothing. He could have literally used those five U.S. dollars to wipe his own ass and still come out exponentially better than had he invested in Hope Money.

[Anonymous No.13389501]

>>13386430
No one cares about the tech or service that is behind the cryptocurrency.

[Anonymous No.13389516]

It's a Brazilian thing called SURA DE BUNDA if anyone's looking for what to Google.

[Anonymous No.13389550]

>>13386430
Because everybody is broke, lazy, and afraid to take risks these days.

[Anonymous No.13389579]

>>13386703
Only so many people can become wealthy. Why do I give a fuck if these peasants didn't see the opportunities or have the intuition that we all do? That's what makes them fucking peasants, and they will buy our bags. Nobody told me about crypto. I taught myself everything. If everyone was rich, then nobody would be rich. Inequality is fair.

[Anonymous No.13389684]

>>13387013
This is a good point
I've been into crypto for over 6 years now, and I only JUST felt comfortable uploading a pic of my passport for KYC purposes late last year
I can only imagine how hesitant normies are, especially when they see several headlines about crypto exchanges getting hacked

[Anonymous No.13389753]

>>13386703
Just shows people don't ACTUALLY care about adoption, they just want to pump&dump their bags. A currency that only a couple of people use is pretty useless. There's literally no reason for a normie at the moment to use crypto instead of just a fiat credit card.

>>13389579
Literally the scam called capitalism in a nutshell.

[Anonymous No.13389823]

>>13389579
Fucking this. Natural selection at work.

[Anonymous No.13389866]

>>13386430
unironically because of pic related

[Anonymous No.13389913]

>90+% projects are vaporware scams
>of the remaining 10%, 7% projects are cash grab copy pastas of other projects
>infighting between developers within projects and between projects
>need to kyc on scammy exchanges or on coinbase which rapes with fees and holds your shit for like 10 million years before you can move it off
>no insurance, giving lay people 100% responsibility of an asset they dont know anything about
>prices extremely volatile
>pnds everywhere
>no regulation

[Anonymous No.13390052]

i'd rather put my money in varous ETF's, REITS, etc and forget about it instead of putting a dollar into any crypto bullshit.

i'm glad some of you have made money on bitcoin, and yes i'm jealous that i didn't get into it seriously back in the day, but that ship has sailed.

all I can do now is long the stock market index funds until i get enough to buy a rental property.

[Anonymous No.13390055]

>>13386430
yes nice gif