/biz/ - Business & Finance

[Anonymous No.16820331]

If you're investing $10k+ then what's the point of buying altcoins over Bitcoin? yeah you can earn x10+ on alts but it's risky as fuck, you have like 10% or less chance to get the right alt where in Bitcoin you have 100% chance to earn x10 in the next bull, seems like a no brainer for me to choose Bitcoin.

[Anonymous No.16820340]

the next bull will be without bitcoin

[Anonymous No.16820350]

>>16820340
That's why it reached $14k last year? don't be deluded man, you should be worry more if your alt bags have a bulll next time.

[Anonymous No.16820468]

liquid ones will bull run, thats it
Remenber that shitcoins are created to stack btc, not fiat dumb retards...

[Anonymous No.16820483]

>>16820331
and if you have less than 10k you can get a small loan against your income to get a 10k position in btc

right now btc should be worth about 50k according to the average of multiple non linear regression models

[Anonymous No.16820505]

>>16820331
BTC is not bitcoin. Bitcoin is p2p electronic cash. BTC is 'digital gold', which is a defanged version of what was planned.
If you aren't using bitcoin as cash you are doing it wrong. I order all my amazon purchases from purse.io at a discount.

[Anonymous No.16820531]

Altcoin retards are fine gambling on something where 90% of volume is controlled by bots and whales, but they are too afraid to use leverage and stop losses on bitcoin. Alts should only ever be shorted, thanks bitmex and binance.
STUPID!

[Anonymous No.16820554]

>>16820468
>Remenber that shitcoins are created to stack btc, not fiat dumb retards...
I've heard people say alts are leveraged plays on btc, is that what you mean? pick the right alt, and swing your profits into btc at a higher rate than they would have been if you just did btc in the first place?

[Anonymous No.16820638]

>>16820505
BTC is the ticker symbol for Bitcoin. There is only 1 Bitcoin. Sorry to break it to you

[Anonymous No.16820659]

>>16820638
The bitcoin cash and bsv also amaze me, they're so retarded thinking they'll scam enough of people that they'll flip places with Bitcoin, like what the fuck is this place even, they can't be that retarded.

[Anonymous No.16820673]

>>16820638
BTC was the ticker for bitcoin.
It is no longer.
Bitcoin is p2p electronic cash according to the title of the whitepaper. Anything that calls itself bitcoin must have that goal or it is a fraud.

[Anonymous No.16820697]

>>16820659
you might want to read this before buying bitcoin https://bitcoin.org/bitcoin.pdf

[Anonymous No.16820717]

>>16820331
you buy alts in case bitcoins shits itself, all that market cap has to go somewhere

[Anonymous No.16820723]

>>16820331
The only benefit is shitposting with Link memes

[Anonymous No.16820760]

>>16820505
Shut the fuck up you absolute retard. You don't even know what cash means. You inbred motherfucking retard. Go read a book and stop posting.

[Anonymous No.16820775]

My alt wont 10x, will 100x

[Anonymous No.16820795]

>>16820760
Insults are what happens when one side loses an argument.
Bitcoin is p2p electronic cash and there is nothing that anyone can say to change that.
I use p2p electronic cash 2-3 times a week with purse.io and other sites. You can too.
Use BTC if you want but you will soon learn why it doesn't work as p2p cash anymore.

[Anonymous No.16821037]

>>16820795
You and your retarded ilk are shitting up every single bitcoin thread with your scam fork bullshit.

Cash is means of final settlement. Every single onchain BTC transaction is a final settlement. Peer-to-peer means no hierarchy between fullnodes.

>"huuuuurrrr blockspace is limited, we must include every coffee tx in the blockchain!!!"

Listen you absolute fucking mongoloid. What happens when you dont limit blockspace? Apart from fullnode centralization into massive datacenters, NO FUCKING FEES.

What secures immutability of the ledger? Hashpower. What incentivizes miners when the coinbase subsidy diminishes? FUCKING FEES YOU IDIOT. Otherwise you have to fork in perpetual inflation.

You know what happens next? A state level actor can buy a shitload of hashrate, mine empty blocks and effectively censor the network, because there are no fees to incentivize honest miners to include txs in the blocks to compete with the censor.

[Anonymous No.16821115]

>>16821037
I spend bitcoin every week to buy things I need from peers.
Like you would do with cash.
BTC is not bitcoin, not because you can't buy a coffee with it. BTC is not bitcoin because someone in a statist shithole can't afford to use it.
BTC is not cash for the world. It is digital gold for final settlements, a fucking cop out.
Regarding your non-backedup hypotheticals that haven't happened, there is one thing that has happened. In dec 2017 the BTC chain became so congested that many people waited DAYS for transactions to complete while paying $20-$1k in fees depending on UTXO arrangement.
This means a state level actor could, and maybe has, spam the network and cause a virtual outage.
Bitcoin is p2p electronic cash and BTC has lost the point, been defanged and captured by those who would rather not see p2p cash come to prominence.

[Anonymous No.16821262]

>>16821115
lol at "non-backedup hypotheticals", because when you have unlimited supply of something (blockspace) its price not going up is a hypothetical

the market, the hashrate, the tx volume is telling you for the past 2 years that you are fucking wrong, but no, just like a flat earther, you are right and everybody else must be stupid despite all the evidence

enjoy being a fucking loser, missing out on the biggest opportunity in your lifetime, just because you had your head in your ass and gobbled up Ver's narrative (who is btw holding a shitload of BTC)

[Anonymous No.16821318]

>>16821262
> number go up
Good job not addressing anything of relevance and talking about price instead.
Value is derived from utility not whatever the fuck btc is optimizing for.
Bitcoin is p2p cash, anything that is not p2p cash and is called bitcoin is fraudulent.
I use bitcoin as cash several times a week. Do you?

[Anonymous No.16821380]

>>16821318
Calling bitcoin something that the BTC fullnodes reject as invalid is fraudulent. Selling it to others under that name is fraudulent. Stop calling your scamfork bitcoin and nobody will care.

Does my BTC fullnode validate your several transactions per week? No? then FUCK OFF

[Anonymous No.16821399]

>>16821380
"Bitcoin a peer-to-peer electronic cash system"
Bitcoin is p2p cash. BTC is 'digital gold', a copout and useless to most of the world.
BTC is not bitcoin, it is something else that fraudulent bears the name.
>Does my BTC fullnode validate your several transactions per week? No?
No but I still get my purchases just fine. Maybe your node is not as important as you think.

[Anonymous No.16821404]

>>16820350
Majority of this board holds Chainlink and out performed Bitcoin by a longshot during last year's rally.

[Anonymous No.16821420]

>>16820673
Cashies need to learn to think for themselves. Either you guys are worshipping Roger, Craig, or Satoshi but no matter what you always look up to someone else.
Here's the thing dude, Satoshi was wrong. It is irrational to spend a strictly scarce asset with insane growth potential. It is not cash right now. Fiat is cash because it goes down in value. Money must progress through the store of value phase first in order to gain stability before it can be a medium of exchange. Bitcoin pizza guy taught us that lesson years ago but you morons can't get past the title of the whitepaper and realize the collective lesson of the past decade. You cannot short circuit the growth of a money. SOV, then exchange, then unit of account.

[Anonymous No.16821443]

>>16821420
>Here's the thing dude, Satoshi was wrong
Seems unlikely.
>>16821420
>Money must progress through the store of value phase first in order to gain stability before it can be a medium of exchange
These are not phases. Money is a medium of exchange first and value emerges from that.
I spend and replace though, so I don't diminish my savings even when using bitcoin as cash, as intended.
BTW, BTC cannot be used as a medium of exchange, no matter the fiat price. Thats the entire fight.

[Anonymous No.16821479]

>>16821399
BTC is p2p cash as explained here:
"Cash is means of final settlement. Every single onchain BTC transaction is a final settlement. Peer-to-peer means no hierarchy between fullnodes."
And btw onchain txs are cheap as fuck now (not for long). But you can already permissionlessly spin up a non-custodial Lightning wallet and do hundreds of micro transactions per second if you want, or buy something on bitrefill. Using REAL BITCOIN.

>Maybe your node is not as important as you think.
It's the only thing protecting me from scumbags who would send me FAKE BITCOIN.

[Anonymous No.16821498]

>>16821443
You have to have price stability before you get widespread adoption for exchange. What merchant wants to accept Bitcoin that can go down 60% at the drop of a hat? Cashies act like the fees are what kill adoption but its not at all, its volatility that kills it. You cannot skip ahead in this game, you need huge order book depth and massive liquidity resulting in stabilizing price before you see serious merchant adoption. The value of money is derived from the size of its network, nothing else. You are way way behind and won't catch up.

[Anonymous No.16821525]

>>16821479
Doing God’s work anon, these cashies and SVers are a lost cause.

[Anonymous No.16821547]

>>16821479
define full node (pic related)

peer to peer means you hand a transaction directly to a peer who then broadcasts it to miners
whereas in segwit bitcoin you need to first hand it to a miner who hashes a signature, you have to trust that it was the correct signature because you can't tell what signed from a hash of a signature

[Anonymous No.16821557]

>>16821420
>Cashies need to learn to think for themselves
>you guys are worshipping Roger, Craig, or Satoshi
>you should be worshipping Saifedean Ammous like me

[Anonymous No.16821558]

>>16821547
peer to peer on the left

miners as a trusted third party on the right

[Anonymous No.16821562]

>>16821479
They are retards who don't understand the technical, economic definition of cash and conflate it with the vernacular usage of "money I spend on cheap things with". Cash means highly liquid asset that is a means of final settlement. It has nothing to do with the costs of txns or even physicality.

[Anonymous No.16821567]

>>16820505
What discount % do you select on purse.io?

[Anonymous No.16821574]

>>16821443
Will a cashie please explain how blocksize increase creates scaling?
1kb transaction in 1mb block, 1000 transactions. In 2mb block, 2000 transactions. You use more resources for linear scale increase putting your nodes at risk and gaining very little.
Contrast to lightning network, 2mb block can anchor millions of transactions. Layer 2 is obviously the way to go here for real exponential scaling. Blocksize increase is brainlet linear scaling. Couple sighash anyprevout for channel factories and we can onboard massive amounts of people at once onto layer 2 and still have a decentralized base layer. You will never have a strong base layer if you are a minority fork, the only chance Bitcoin cash has is to change algorithms and embrace lightning but of course you are not rationally driven but emotional and would never do that

[Anonymous No.16821602]

>>16821443
>These are not phases. Money is a medium of exchange first and value emerges from that.

Logically impossible.

[Anonymous No.16821611]

>>16820505
Satoshi literally described it as digital gold. Why do you think it's called "mining" and not "printing", cashcuck? https://bitcointalk.org/index.php?topic=583.msg11405#msg11405

[Anonymous No.16821615]

>>16820505

Roger, is that you? Just join us mETH heads already. We have fun over here.

[Anonymous No.16821629]

>>16821611
title of the whitepaper is Bitcoin: A peer to peer electronic cash system

how delusional are you

[Anonymous No.16821632]

>>16820331

There is literally no point to buying alt coins other than to scam noobies that don’t know anything. The next heard that enters will here “just buy bitcoin only” from all of their friends already in the space

[Anonymous No.16821638]

>>16821632
the only use BTC has is buying alt coins

[Anonymous No.16821643]

>>16820505

If your p2p cash is centralized why not just use paypal?

Fucking bcashies. You guys will forever die on the alter of consensus. It’s getting sad

[Anonymous No.16821647]

>>16821632
literally everything is better than BTC
and soon BCH and BSV will steal your miners

[Anonymous No.16821656]

>>16821629
You inserted a property into the definition of cash that is not there. Bitcoin is still a cash-like system even if txns cost a bajillion dollars. Because there is nothing about txn cost in the definition of cash. In fact, cash has often come with transaction costs historically. Like carrrying around extra shit in your purse/pocket and the risk of irreversible txns.

[Anonymous No.16821664]

>>16821638

Do you also buy physical gold and then spend it on mountains of dog shit?

[Anonymous No.16821677]

>>16821647

Kill yourself.

[Anonymous No.16821682]

>>16821664
Non Sequitur
you imbue stuff on BTC that is not there

[Anonymous No.16821685]

>>16821647

By “better” do you mean completely centralized with no security, users, liquidity, or market cap?

You guys sure are #WINNING! Keep holding boys!

[Anonymous No.16821687]

>>16821656
I'm not the one claiming it's not digital cash he is >>16821611

[Anonymous No.16821690]

>>16821629
It could be called peer to peer poo poo pee pee system and it wouldn't matter. Satoshi created a hard capped deflationary form of money, its monetary properties encourage hoarding not spending. Bcash has the same hardcap supply so don't think you are immune, you just won't last long enough to make it out of the SOV phase which you are in right now whether you believe it or not

[Anonymous No.16821697]

>>16821682

Coherence please, thanks!

[Anonymous No.16821701]

>>16821687
Re-read, my post I am talking to you.

[Anonymous No.16821705]

>>16820331
it's not about fiat gains. it's about accumulating more BTC. if you just buy BTC then that's all you have. if you buy alts then you can potentially increase your stack.

[Anonymous No.16821733]

>>16821701
you are agreeing with me that it's digital cash while he is saying it's digital gold>>16821611

[Anonymous No.16821734]

>>16821705

But can’t you just use leverage on bitmex and not be a scamming shitcoiner if you want to increase your stack? Hmmmm

[Anonymous No.16821736]

>>16821705
the only reason BTC is played is gain in FIAT
once, and it is happening now, BTC cannot perform it will drop like a rock and never recover

it will be a failed experiment, and they will blame it on scaling or something

[Anonymous No.16821741]

>>16820331
Shut up! I want these brainlets to get continually wrecked on shitcoins. Who's going to clean the toilets inside my citadel in the future?

[Anonymous No.16821743]

>>16821690
bch is dog shit for the same reasons btc is dogshit

[Anonymous No.16821751]

>>16821733
Sure. But I am saying that Bitcoin (BTC) is still cash and that you are in error by believing that the costs of txns have much at all to do with the definition of cash.

[Anonymous No.16821758]

>>16820638
>>16820659
Why did you have to trigger the autism? i hope youve learned a lesson

[Anonymous No.16821759]

>>16821751
>believing that the costs of txns have much at all to do with the definition of cash.
show me where I said this

[Anonymous No.16821768]

>>16821647
kek

btw this is 7 months old pic, BTC hashrate is now 107E, scamfork hashrate still stagnant

one or two halvings and your scamfork is dead

[Anonymous No.16821776]

>>16821115
i use bitcoin to pay my bills too bro
actu btc on the ticket

[Anonymous No.16821787]

>>16821741

This. There’s still only ~$150billion in the only coin that matters. SHUT UP and let me accumulate sats while they lose all their money

[Anonymous No.16821791]

>>16821759
Yep apologies, confused you with another guy. >>16820505

[Anonymous No.16821797]

>>16821768
>reducing the block reward for a coin with limited transaction capacity is good for its security
unbelievable

[Anonymous No.16821802]

>>16821574
Still waiting for a cashie to respond to this and explain how block increase counts as scaling

[Anonymous No.16821818]

>>16821797
>supply and demand curves don't exist
Yikeseroni

[Anonymous No.16821819]

>>16821797
Yes it is! As explained here:>>16821037

Truly unbelievable, but only if your brain is malfunctioning.

[Anonymous No.16821835]

>>16821797
>reducing the block reward for a shitfork with no hash power is good for its security
You guys recently got 51% after the segwit reclaim and miners can game your difficulty so easily. You will NEVER be secure and your halving will make it worse. Change algorithms or die, you are starved of hash power

[Anonymous No.16821836]

>>16820554
Yes, flipping alts to get more satoshis...

[Anonymous No.16821837]

>>16821797

Lol have you ever heard of a fee market? If you want infinite inflation use dollars genius

[Anonymous No.16821875]

Just want to say that btc maxis are the dumbest s o y filled retards on the planet right now.

[Anonymous No.16821876]

>>16821837
>use dollars genius
This is what BTCers want.
Because BTC is unusable as cash.
Bitcoin is peer to peer cash

[Anonymous No.16821903]

>>16821818
>>16821819
>>16821835
>>16821837
>there is no limit to how high the ratio of fee to transaction value people will pay

at 3-7tps people will literally need to pay over 100% of their transaction value in fees to create the profitability unlimited transaction capacity creates

[Anonymous No.16821925]

>>16821876
>>16821903

Retards

The lightning network has been operational for almost 2 years now. 2 fucking years. TWO

TWO FUCKING YEARS

1, 2

[Anonymous No.16821928]

>>16821876
BTC is only good as a ponzi. Sometimes they pretend it's useful to help pump the ponzi but as soon as you actually try use it they scream at you to stop making their ponzi look bad.

[Anonymous No.16821953]

>>16821925
if the lightning actually worked (which it can't) it would disincentive security because it increases the demand without increasing respective profit to miners.

The higher the profitability of exit scaming the network vs investing more to make money by securing it the less secure btc is

[Anonymous No.16821975]

>>16821498
The same will happen to BSV. None of the Bitcoin forks, BTC, BSV, none of them are good for daily purchases. Once capital appreciation is over and 1 satoshi = $1 usd then perhaps then it will be used how the whitepaper said it would.

Stable coins backed by gold or something tangible makes far more sense. Bitcoin and crypto is just a get rich quick pyramid scheme and playground for rich investors to play with dumb money. Who is using Bitcoin for all their purchases from gas for for their car to paying their rent? It will never be the world reserve currency. No form of Bitcoin will be that.

I honestly believe all of this is an experiment to test the waters on decentralized digital money so AI can take the responsibility off the backs of financial institutions. The same evolution from the very first telephones with telemarketers and early computers to where they are now.

Humans will control less of the responsibility over their lives in the future as AI takes over most tasks. Wait for automated digital contracts that execute certain tasks outlined in each contract.

[Anonymous No.16821981]

>>16821953

2 years

Its been working for two years

2 years fully functional

Two

1,2

Years

Working product

[Anonymous No.16821995]

>>16821975
>Stable coins backed by gold or something tangible makes far more sense.
no they make zero sense. there is no way to create a trustless asset backed crypto. it's just the same fractional reserve scam all over again.

[Anonymous No.16822000]

>>16821925
It's no use fren. I use lightning with bitrefill probably twice a week, 0 fees. Yet shitcoiners will censor its success in their own minds and refuse to adopt because at the end of the day they have to pump their own heavy bags and lightning is an existential threat to bloat block shitcoins.

[Anonymous No.16822010]

>>16821797
bitcoin still got a few thousand times more in fees than the shitforks nigga. it's actually looking to be viable over time.

[Anonymous No.16822013]

>>16821925
That doesn't make it any less centralized though. Lightning Network is not decentralized and Bitcoin works as is without needing to use Lightning.

>>16821876
Satoshi put the 1 mb block size limit in 2010. He didn't plan on that limit staying forever. He also didn't say big block size was in store at some point.

>"During Bitcoin's infancy, blocks were limited to carry no more than 36 megabytes of transaction data each. However, the block size was reduced to 1 MB on July 14, 2010 in order to counter both the threat of transactional spam clogging up the network and potential distributed denial-of-service (DDoS) attacks."

[Anonymous No.16822032]

>>16821995
Then we need to ditch all forms of money if nothing will work. We must make everything that's valuable to someone a currency. Rice, beans, porn, electricity, water, etc.

[Anonymous No.16822041]

>>16822000

It’s a sad state of affairs. I guess we will just watch them get rekt

[Anonymous No.16822045]

>>16821903
>unlimited transactions
>profitability
Just looked at a couple blocks on Bitcoin cash and seeing about 0.001 bch of fees per block, literally less than a dollar worth of transaction value per block paid to miners. How does your model incentivize miners again? Clearly it doesn't work because if it did your hash rate wouldn't be pitifully low and your chain wouldn't be subject to difficulty gaming

[Anonymous No.16822051]

>>16822013
>Lightning Network is not decentralized
rofl who told you that? it can be of any shape you can make it completely decentralized or completely centralized or anything in between.
>He didn't plan on that limit staying forever.
and it won't. obviously.

[Anonymous No.16822058]

>>16822013

>lightning is centralized

[Anonymous No.16822062]

>>16821574
Still waiting to hear how block increase is a scaling solution when it is only linear, yet lightning is exponential scaling

[Anonymous No.16822064]

>>16822032
>Then we need to ditch all forms of money if nothing will work.
bitcoin has no trust. an asset valued solely for itself that can be easily transacted. perfection. trustless permisisonless publicly auditable and secure.
the only property bitcoin has that makes it impossible to use as cash is it's supply.

[Anonymous No.16822072]

>>16822013
>Lightning Network is not decentralized

Yes it is you dumb fuck. That was the whole point of it.

[Anonymous No.16822075]

>>16821981
30% of the transactions fail to route
its a mesh network that can't be decentralised because that's np hard
lightning nodes need to abide anti money laundering laws

lightning network is not bitcoin.
it would run better on bsv anyway

[Anonymous No.16822077]

topkek at the effect bcash SV has had on “muh real Bitcoin” threads. you now have people defending bitcoin (BTC) and bcash (BCH) and bcash SV (BSV) fags attacking BTC AND each other.
>the absolute state of chain splits

[Anonymous No.16822092]

>>16822064
>the only property bitcoin has that makes it impossible to use as cash is it's supply.
Why? You can just transact in satoshis

[Anonymous No.16822099]

>>16822075
>it would run better on bsv anyway
heh you need segwit for that (p2wsh) lol. soon that will not be an option. they plan to kill even p2sh the fucking retards.

[Anonymous No.16822107]

>>16822092
simply put for money to be stable and people be willing to let it go for goods and services it's supply must adapt to demand. fiat does this arguable well enough. bitcoin not so much. remember the guy that paid 10000 btc for 2 pizzas? everyone does.

[Anonymous No.16822109]

>>16822075
30% of transactions don't fail to route at all. Clearly you have not used lightning in the last year and it's getting better everyday and multipath just got implemented, instead you just read propaganda from your side because you must be scared of the truth.
Any even if you did have some good points can you explain how a blocksize increase creates real scaling? It is a linear increase in transactions for linear increase in resource cost, hence it doesn't really count as scaling

[Anonymous No.16822123]

>>16820331
100k isn't making it. 200 ETH is a make it stack

[Anonymous No.16822127]

>>16822109
no one uses it. you can only spend a small fraction of what you deposit.
btc will go up regardless because its not for transactions.

[Anonymous No.16822134]

>>16822107
I think this is the beauty of bitcoin though. People will be careful with what they spend their money on. They will only spend their bitcoin on things that they think will give them better return than the deflationary system of bitcoin. Less endless consumerism=better for the planet.

[Anonymous No.16822136]

>>16822058
>>16822051
Lightning is SWIFT for Bitcoin. Good in theory, but strips Bitcoin of what makes it trustless and decentralized.

[Anonymous No.16822150]

>>16822075

How many lightning transactions have you ever done?

Be honest with yourself m8. Look yourself in the mirror and be honest. We are here to help. You can be on the road to recovery from shitcoin scams in no time

[Anonymous No.16822151]

>>16822109
Actually it's more like an exponential increase in resource cost for a linear increase in transactions due to transaction propagation and verification. This is why blocksize increase is fought to the death. Blockchains get more inefficient as they take on more records. This is the problem ETH is starting to face and it's entertaining to see them squirm by rebranding full nodes to "archival" nodes and other onions soaked shit to trick brainlets that it's still decentralized.

[Anonymous No.16822152]

>>16822127
everyone will once exchanges adopt it. it's faster more convenient you got less exposure less fees exchange can also route payments for you. perfection. not very decentralized in this form but awfully efficient. your exchange has your kyc anyhow and you are in a custodial relationship with it. so this only makes it better.

[Anonymous No.16822158]

>>16822099
you don't need segwit for lightning network or layer 2.
segwit is not bitcoin >>16821547
>>16821558
lightning network is not bitcoin or any different from the current monetary system

>>16822109
it is fundamentally shit it is a mesh network
decentralized routing is np hard
it offers nothing over the current swift system and is not even reliable

[Anonymous No.16822165]

>>16822134
that's awful for cash. absolutely awful. that's why people saying bitcoin is more like digital gold than money.

[Anonymous No.16822169]

>>16822150
I will never use lightning because it offers me nothing even if it worked

[Anonymous No.16822170]

>>16822127
>no one uses it
Hey faggot, the last bch block had 229 transactions in it, and I bet most of that is Roger spam

[Anonymous No.16822175]

>>16822136

But i cant use swift from my home pc while i can connect with 11,000+ individual lightning nodes at will

Seems like you could be incorrect on the internet?

[Anonymous No.16822181]

>>16822136
>but strips Bitcoin of what makes it trustless and decentralized
no you got it all wrong. it does not strip trustless property it strips the permissionless property on the second layer as a hub can deny you service. but if there are many many hubs this is not likely to be an actual issue. any individual miner can also throw away your tx but an other will pick it up same shit.

since ln naturally falls back on the first layer for disputes there is no way to abuse any "trust" you have in hubs behaving reasonably. they can inconvenience you that's all.

[Anonymous No.16822182]

>>16822152
lightning is basically only useful for big bank like entities. coinbase can open a channel with binance so transactions are cheaper.
ironically it will never work for coffee shops barring channel factories work out as intended.

[Anonymous No.16822183]

>>16822169

Thanks for proving my point. You’re empirically incorrect about lightning and you haven’t used it due to retarded bcash ideological reasons

[Anonymous No.16822186]

>>16822062
bsv has no limit in feb

do you even know what exponential means?
you could have exponential growth of transactions

lightning network transactions are not bitcoin transactions

[Anonymous No.16822199]

>>16822158
>you don't need segwit for lightning network
doesn't work without it as is. maybe malleability can be worked around, but segwit is such an awesome piece of addition to the bitcoin protocol especially in the settlement phase you would need to be a full retard to not take advantage of it.

>lightning network is not bitcoin
i don't think you know what bitcoin is but until settlement lightning balance sheet acts kinda like a sidechain.

[Anonymous No.16822200]

>>16822175
I'll just use bitcoin as described here https://bitcoin.org/bitcoin.pdf

[Anonymous No.16822204]

>>16822165
Bitcoin is beautiful as cash and I spend/replace it multiple times a week on purse.io. BCH that is.
Real bitcoin is cash. Anything saying it's bitcoin and not trying to be cash is fraudulent, including BTC.

[Anonymous No.16822208]

>>16822199
segwit is not bitcoin>>16821547
>>16821558

[Anonymous No.16822216]

>>16822200

But you dont have anybody to send your coins to except other pajeets because nobody else is using your centralized scam coin kek

[Anonymous No.16822226]

>>16820331
>x10 in the next bull

Bitcoin didn't get more than 3x during 2019. In the next bull, I doubt BTC would do more than 2x. It's a nobrainer that we're either near or at the beginning of a long term downtrend.

[Anonymous No.16822232]

>>16822182
Are you trying to critique liquid or lightning? Because it seems to me you're talking about something that sounds more like liquid. Remember, liquid is the one that was built for centralized exchanges to use. You shitcoiner brainlets don't even understand the side your trying to argue against. It's like you're just randomly pulling words and ideas that you heard about our side from /biz/ and reddit and then resembling them however you like into some strawman that's easy to tip over. If you just downloaded a lightning wallet and used it for a day you'd probably have a sense of reality crisis and wouldn't be able to tell what's true or false anymore.

[Anonymous No.16822240]

>>16822216
more transactions than yours

>centralized
advocates for lightning network which is mathematically guaranteed to be centralized because it is a mesh network

[Anonymous No.16822245]

>>16822182
channel factories are bullshit imo. but i have not dug very deep into the concept.

most likely multiple things will happen to make ln more viable: blocksize increase over time more centralization in the topology of hub liquidity and connections. easier way to rebalance channels with a single tx.

[Anonymous No.16822255]

>>16822204
like i said impossible to use bitcoin as cash. faux bitcoin that has no demand sure. you can pretend.

[Anonymous No.16822260]

>>16822240

Lol. More fake scam activity to try and make it look like anybody is using it?

[Anonymous No.16822271]

>>16822240

Your butthole is mathematically guaranteed to accept my fat cock. I named my cock BTC

[Anonymous No.16822275]

>>16822208
you are retarded sorry. segwit is just a tx structuring method that also solves malleability.
for a signature you always need 2 things: a message -> hash and a signauture
to verify the signature you need both you can not under any circumstances include your signature in your message. they are two different things. putting them in any order or any placement doesn't change this.

[Anonymous No.16822295]

>>16822232
you're a retard who doesn't even know how lightning works. If you have to create a new channel for every person you want to send to, for it to work, that's less efficient than just using normal bitcoin

[Anonymous No.16822296]

>>16822226
>Bitcoin didn't get more than 3x during 2019. In the next bull, I doubt BTC would do more than 2x. It's a nobrainer that we're either near or at the beginning of a long term downtrend.
holy shit my sides
pls be bait

[Anonymous No.16822312]

>>16822295
>you have to create a new channel for every person you want to send to, for it to work

NO YOU DON'T YOU FUCKING IDIOT

[Anonymous No.16822321]

>>16822260
>>16822271
>started talking about gay sex
typical corecuck pedo

>>16822275
malleability is only a problem when you destroy 0 conf and add rbf.
same way scaling is only a problem if you don't remove the 144mb/day adoption limit.

it isn't an order change. there is no signature kept in a segwit transaction because a hash of the signature is kept and a hash of a signature is not a signature

[Anonymous No.16822330]

When will the shitcoiners with heavy bags cope with the fact that lightning works? I’m thinking they still have more heavy loses until we are done fighting with shitcoiners in threads like this

[Anonymous No.16822344]

>>16822321

Who will accept your bcash/BSV coins sir? Literally who?

This kills the scammer

[Anonymous No.16822375]

>>16822344
btc has negative adoption bsv has growing adoption

[Anonymous No.16822386]

>>16822375
actually sir poo has positive adoption vs BSV which has negative adoption
Source: mein ass

[Anonymous No.16822423]

>>16822321
>malleability is only a problem when you destroy 0 conf and add rbf.
rbf is optional you don't have to use it or accept it if you don't like it. which also shows it's irrelevant. with or without op return 0-conf is easy to doubles spend unless you try some sort of pre-consensus but if that worked we wouldn't need a blockchain to begin with.
>there is no signature kept in a segwit transaction because a hash of the signature is kept and a hash of a signature is not a signature
that's bullshit but also irrelevant. the only thing a sufficiently confirmed block needs to have is a way for nodes to sync up their utxo. to do that all it needs to have is the inputs and outputs ie the ledger.
segwit tx-es also include a signature obviously and the signatures are also included in the block witness extension which all segwit nodes have right now. this could in the future be safely pruned of course. it's absolutely unnecessary because the nakamoto consensus has to fail first before they would be ever needed and that would end bitcoin.

[Anonymous No.16822438]

>>16822375
lol no sv has absolutely no adoption to speak of. it's spammed with weather data to spoof adoption. actually tx ratio is around 1% most of which is just miners and jeet shills paid.

[Anonymous No.16822452]

>>16822312
if you want to spend more than $3, yeah. or prove me wrong by send $100 using at least 2 nodes

[Anonymous No.16822469]

>>16822375

Poo poo shoooo

[Anonymous No.16822470]

Bcashies are ironically good for Bitcoin

[Anonymous No.16822481]

>>16822452
you do realize that it's not ln as a technology that limits the throughput but the liquidity in channels used by an open beta network right?

i mean 2 years in the future you gonna bitch about how you are not able to send more than $10k on ln? yeah it's for buying coffee. bitcoin on-chain is not for buying coffee. ln is.

[Anonymous No.16822492]

>>16822321
also please answer the following question:
what can you spend as per the bitcoin protocol?
a) signatures, bitcoin is a chain of signatures so i can spend signatures with signatures
b) an unspent transaction output provided you add a valid unlock script that executes to true
c) i'm a cashie retard so the whitepaper!

[Anonymous No.16822545]

>>16822452
I buy $100 gift cards off bitrefill at least every week to pay for groceries (I live off crypto). You don't even know what you're talking about. You're just regurgitating whatever you've read from your side and stop researching as soon as you've confirmed your own view. If you actually used a lightning wallet you would know you everything your saying is bullshit, at least as the network has progressed now.

hehheh prove me wrong, fuck off dickhead

[Anonymous No.16822593]

>>16822255
I use bitcoin as cash on purse.io to get anything from amazon.
I use it on openbazaar, same purpose.
Bitcoin can be used as cash, easily.
Spend and replace. Try it.

[Anonymous No.16822641]

>>16821037
If youre still holding btc, youre the retard

[Anonymous No.16822668]

Just think about it logically for a second. You can buy 1 bitcoin for $8k and people believe bitcoin will be worth more than $1m per coin. So $8k can make millions of people millionaires. What asset has ever made millions of people millionaires off an $8k investment. Let me further highlight the absurdity by saying what asset has turned millions of people into millionaires that is already a recognized name brand. It would be like saying an $10k investment in uhaul today could make millions of people millionaires.

Stuff like this just doesnt happen. You have to buy the things that are under the radar but have enormous potential.

[Anonymous No.16822669]

>>16822438
https://bitcoinblocks.live/historical
https://coin.dance/
https://bsvdevs.com/

>>16822492
the signature is the proof that you hold the private key associated with the utxo and signing the transaction is the proof you intend to move it.
Having a bitcoin from a segwit transaction is like having a cheque without a signature

Imagine removing that proof in hindsight and making it possible for miners to move utxo by including a hash of any signature instead of just increasing/removing the blocksize limit.
A segwit node will accept a transaction with a hash of any signature because you can't differentiate a hash of a signature from another hash of a signature

[Anonymous No.16822688]

>>16821797
this

[Anonymous No.16822703]

>>16822481
so you're going to open 15 channels, one to each coffee shop you might go to?
even if they take off the limiter you won't be able to send large transactions, that's how a shared network works without a central reserve able to pump out unlimited numbers of loans.
but it takes a special type of retard to say the network works and then whine that it's still in beta when anyone asks you to demonstrate that it works.

[Anonymous No.16822740]

>>16822545
so let me get this straight. You open a channel to bitrefill, who sells their bitcoin for cash at coinbase, and uses that cash to buy gift cards, then mails you those gift cards.
and you say you're buying with crypto? jfc lightning cucks are stupid
that's only 1 hop. you're trusting a central bitrefill service to cash out your BTC for you.

That's not lightning working with multi-hop transactions. That's just you opening an account with a crypto bank.

[Anonymous No.16822748]

>>16820331
>5 tx per second
FUCKING KEK
LOL Just bought 100k.

[Anonymous No.16822775]

>>16822669
>the signature is the proof that you hold the private key associated with the utxo and signing the transaction is the proof you intend to move it.
why do you need a proof that the guy that sent you coins and are in a public ledger clearly under your address confirmed under consensus ruleset signed the tx properly?

if a miner decides to make an anyone can spend address and then proceeds to move the coins to your address albeit it doesn't have a signature but everybody on this world would accept it's yours except you?

coinbase tx doesn't have a signature either. you think coingbase is fraudelent and not bitcoin?

>making it possible for miners to move utxo by including a hash of any signature
yeah that's bullshit. under the consensus ruleset with a proper segwit address this is not possible.

>A segwit node will accept a transaction with a hash of any signature because you can't differentiate a hash of a signature from another hash of a signature
no the segwit node also revives the witness which includes the full sigscript. and also validates it. so do miners and also miners that mine the subsequent blocks would reject a block with missing signatures not to risk their block being rejected.

[Anonymous No.16822782]

>>16822740
Actually I opened the channel up with just the default the wallet ACINQ node and bought with multiple merchants (bitrefill, joltfun, cryptohost etc..) all with one channel you ignorant fuck.

[Anonymous No.16822813]

>>16822668
Hypothetically, if BTC reaches $1 million, it's marketcap would be around $16.5 trillion, comparable to US GDP.

It's easy to see why such valuation would is impossible. Most of the trading occurs at countries with high GDP per capita because people in these countries have more money spend. If you divide up $16.5 trillion market cap based on the percentages in the chart, you will see that the marketcap in each country would be a significant part of its GDP, which is ridiculous.

https://hackernoon.com/the-case-for-the-1-million-dollar-bitcoin-1602e8840fb8

[Anonymous No.16822844]

>>16822775
because money and ownership is a legal system. If someone has your car keys do they legally own your car?
If you have the key to someones bitcoin but no proof of ownership do you own it?
Do you think satoshi used signatures for no reason?

>coinbase tx doesn't have a signature either. you think coingbase is fraudelent and not bitcoin?
no, no one owns a bitcoin before it is mined

you cannot tell what private key signed from a hash of that signature if you receive a segwit transaction there is no proof of ownership.
the witness is a hash of a signature a hash of a signature is not a signature

[Anonymous No.16822882]

>>16822782
no one can send your address money without opening a new channel. and you're relying on ACINQs central node who has 700 channels open. Acinq has big channels open with popular retailers like bitrefill, that's easy enough.
but your selection will be pretty limited to those ACINQ is connected to.
If the limit is ever removed, its going to be pretty obvious that it's not going to work. ACINQ can't spread their BTC around 700 channels equally, they can only give service to the biggest retailers.
And ACINQ has to do on chain transactions whenever they want to redistribute their channels.

you will never send $100-$200 to a random address without opening a new channel

[Anonymous No.16822941]

>>16822668
>under the radar

Yeah buy all under the radar shitcoins and see your money dwindle away, you might as well blindly play leverage to lose your money faster. You don't have to count for 1 million, you can sell at $100k and then invest this shit on stocks when we enter stock bear market, some Tesla, Apple, MSFT, AMD should do the work for cozy retirement. Yeah it's not get rich quick plan but otherwise most will get poor quick with these "under the radar" shitcoins, that's how it works otherwise no one would make mad gains in crypto if everyone got rich quick, if you can outplay the shitcoin market then it's good for you but most got their ass handed here arleady with these failed shitcoins.

[Anonymous No.16822999]

>>16822844
>because money and ownership is a legal system
bitcoin doesn't need such nonsense most importantly because laws are legal and subject to jurisdiction bitcoin ledger is however global and requires no authority to issue any judgement.
>If someone has your car keys do they legally own your car?
obviously not, nor do they own my bitcoins if they have my keys. it's just they can spend my coins just as they can drive away my car. in both case i'm gonna report them however there isa chance my car will be retrieved but the bitcoins are gone for good.
>Do you think satoshi used signatures for no reason?
not sure what you are getting at here. it's perfectly obvious why most people want to use wallets that require signatures to spend. we like control over our assets. it has nothing to do with the legal status of signature in any particular country.
>if you receive a segwit transaction there is no proof of ownership.
of course there is. the output of the tx contains your address and this is recorded in a fucking public ledger for fucks sake. do you sign your bank transactions with digital signatures? how does the guy that receives them proves ownership if he doesn't have your signature? fucking moronic thing to try nitpick.

>the witness is a hash of a signature a hash of a signature is not a signature
no the witness is a sigscript. with signature in it. the witness is referenced by a hash inside the tx to make the tx leaner. all financially relevant data is in the tx. all inputs and outputs. nothing else needed to build the utxo in a trustless manner. nothing else is needed to prove any ownership.

one last point. you say the signature proves you received the coins lawfully but then again if someone steals an other dudes private key and signs the coins over to you then your signature only proves possession not ownership by your own argument. so it's pointless the utxo already does that job.

in the end nothing matters but the utxo. smart people realize this.

[Anonymous No.16823009]

>>16822999
*laws are local

[Anonymous No.16823076]

>>16822668
topkek
Nocoiner and shitcoiner COPE
Bitcoin will unironically be worth US$500,000,000 by 2030.

[Anonymous No.16823090]

>>16822703
Stop talking, you have no idea how lightning works. You don't need a channel with everyone you do business with, just a routed path

[Anonymous No.16823108]

>>16822999
>bitcoin doesn't need such nonsense
it's not about need it is reality
>obviously not, nor do they own my bitcoins if they have my keys
then you should sell any btc you received from segwit transactions
>the output of the tx contains your address and this is recorded in a fucking public ledger for fucks sake
this is not proof of ownership this proof of possession. Ownership requires the consent of the previous owner indicated by a signature which you do not get in a segwit transaction.
>do you sign your bank transactions with digital signatures
a bank is not a peer to peer electronic cash system, it takes your money and issues you credit.
>no the witness is a sigscript. with signature...
segwit transactions do not store signatures after they are hashed. A hash of a signature is not a signature.
A segwit transaction is like a cheque that is signed then the signature is cut off stamped with a "this was signed" stamp.

In the end you irrevocably fucked up the system for no benefit when you could have just raised the block size limit

[Anonymous No.16823117]

>>16820331
A ton of good (and garbage) alts outperformed Bitcoin last bullrun

[Anonymous No.16823122]

>>16820340
The next bull will be without alts. There, fixed. Keep fluffing your alt.

[Anonymous No.16823129]

>>16823090
>and that's a good thing

https://blog.dshr.org/2020/01/bitcoins-lightning-network.html

[Anonymous No.16823138]

>>16822813
Market cap is not money invested

[Anonymous No.16823176]

>>16822941
Ah yes. Bitcoin just has to reach it's all time high 5 more times over. Should be pretty easy right. Theres so many people who havent heard about bitcoin who want to buy it at $34k per coin. I'm sure theres even more who want to buy it at $78k and even $100k. They surely wont be worried about losing their ass. All those people buying are going to make mad gains when bitcoin goes from $89k to $100k.

[Anonymous No.16823219]

>>16820531
This. The whole purpose of shitcoins is to be used and abused on bitmex so that I can get more bitcoin.

[Anonymous No.16823384]

>>16823108
>it's not about need it is reality
again bitcoin doesn't need any legislation to function. that's the point. any authority would corrupt the system. if you with to obey chink court orders that's your prerogative.
>then you should sell any btc you received from segwit transactions
that makes zero sense
>this is not proof of ownership this proof of possession
it's neither to be honest. it's just a record that shows you can spend the coins ie you have control over them. silly things like possession and ownership are not applicable here. no bitcoin ever is in your possession they are public records. ownership in your jurisdiction comes with a legal receipt that you get from who you bought it. without that paper you can't prove ownership. nobody can check a digital signature was issued by the previous owner anyhow.
>a bank is not a peer to peer electronic cash system
okay then do you sign your cash bills before handing them over? does the person you paid has proof of ownership or just possessing them? is it a problem? fucking cashies...
>segwit transactions do not store signatures after they are hashed.
you don't know shit i see. the witness is a sigscript. end of story. it's all there and validated by everyone.
>A hash of a signature is not a signature.
there is no hash of a signature. you are misunderstanding something fundamental here.
the hash is the sigscript hash that must execute to true. the sigscript will not execute to true unless the proper signature is provided or the input.
>A segwit transaction is like a cheque that is signed then the signature is cut off stamped with a "this was signed" stamp.
that's retarded. a segwit tx in the blockchain is already paid. it's a cheque that already cleared.
>In the end you irrevocably fucked up the system for no benefit
that's retarded too the benefits are obvious and it never fucked up anything.

the fatal flaw in segwit is cashie brainlets don't get it.

[Anonymous No.16823407]

>>16823384
>the fatal flaw in segwit is cashie brainlets don't get it.

They literally have a financial incentive not to get.

[Anonymous No.16823459]

>>16823384
>cash
yes you need proof of where your cash came from in any legal dispute its called a receipt
>the hash is the sigscript hash that must execute to true. the sigscript will not execute to true unless the proper signature is provided or the input.
this is not a signature you retard. the receiver of a segwit transaction does not get a signature

[Anonymous No.16823486]

>>16823090
a routed path ***with liquidity***. seems to be the important part that lightning cucks can't understand.
as I said before, your shitty channel with ACINQ doesn't provide routes to everyone, just the few central businesses it has ties with.
You can't send your lightning funds to anyone you want, so what's the point?
But I guess the discussion is a moot point. lightning will never be accepted by businesses so your ignorance can go on forever and you can keep pretending it's other people who don't understand it.

[Anonymous No.16823502]

>>16823407
that's true lol
>yes you need proof of where your cash came from in any legal dispute its called a receipt
you need the same for bitcoin tho
>this is not a signature you retard. the receiver of a segwit transaction does not get a signature
are you braindead? this is literally bullshit and not true unless you run an ancient client that doesn't recognize segwit.

[Anonymous No.16823512]

>>16823407
that's true lol

>>16823459
>yes you need proof of where your cash came from in any legal dispute its called a receipt
you need the same for bitcoin tho
>this is not a signature you retard. the receiver of a segwit transaction does not get a signature
are you braindead? this is literally bullshit and not true unless you run an ancient client that doesn't recognize segwit.

[Anonymous No.16823523]

>>16823502
>you need the same for bitcoin tho
that's what a signature is proof of ownership >>16822669 read the conclusion
>are you braindead? this is literally bullshit and not true unless you run an ancient client that doesn't recognize segwit.
you get a hash of a signature not a signature. a hash of a signature is not a signature

[Anonymous No.16823532]

>>16823523
>>16823512

[Anonymous No.16823567]

>>16823459
>the receiver of a segwit transaction does not get a signature
https://github.com/libbitcoin/libbitcoin-system/wiki/Examples-from-Pay-to-Witness-Transactions
educate yourself and stop spreading bullshit fud!
the witness is a sigscript. it contains as many signatures as needed and validates them upon execution.

// Create witness.
data_stack witness_stack;
data_chunk empty_chunk;
witness_stack.push_back(empty_chunk);
witness_stack.push_back(sig0);
witness_stack.push_back(sig1);
witness_stack.push_back(witness_script.to_data(false));
witness p2wsh_witness(witness_stack);
tx.inputs()[0].set_witness(p2wsh_witness);

[Anonymous No.16823577]

>>16823567
the receiver of a bitcoin from a segwit transaction does not get a signature from the previous owners private key

[Anonymous No.16823576]

>>16823523
>that's what a signature is proof of ownership
no the proof of ownership is a legal receipt you get from the seller.
>you get a hash of a signature not a signature.
again this retarded nonsense... no the hash is of the sigscript that must execute to true the witness script describes what signatures have to be validated it's immutable because it's referenced by hash. it contains all the digital signatures.

[Anonymous No.16823580]

>>16820331
You have certainly more than 10% chance, you just have to know how to pick them right (eg: ALGO hint hint). Then you can get much more BTC than you ever could have without.

[Anonymous No.16823587]

>>16823577
but that's not true you fucking moron. at least try to come up with something that is not so trivial to disprove! also private key(s) and who said it's the owners? you have some weird ideas... if Bob uses Alices key to sign a tx it's still a valid tx. if Bob countersigns Alices tx in a multisig scheme that doesn't mean they have joint ownership at all.

you throw around words you don't understand.

[Anonymous No.16823601]

>>16823587
it is true you retard

the witness only contains the hash not the signatures

[Anonymous No.16823608]

>>16823577
lol, you already got btfo. wtf man stop

[Anonymous No.16823620]

>>16823587
Pieter Wuille himself said the signatures are only needed when the transaction is getting put into a block. That was the entire justification for segwit.

But Peter wuille isn't a lawyer and he's wrong the chain of digital signatures is fundamental in owning a bitcoin

[Anonymous No.16823622]

>>16823601
no you mongrel no just open a block explorer or look at the scrip i posted!

okay i'm done you guys have fun with this idiot

[Anonymous No.16823624]

>>16820505
I'm technically supposed to pay 20% tax on every purchase though.

[Anonymous No.16823639]

>>16823620
no its not. and he was right not only witnesses are safe to discard but old blocks can be pruned altogether from the network as transactions already confirmed have no value whatsoever aside from building the utxo set from scratch but that can easily be solved by hashing the previous utxo set into every block.

in the future not only signatures will be discarded but transactions altogether. right now however its all there verifiable to anyone to the last bit.

so you are plain fucking wrong.

[Anonymous No.16823641]

>>16823622
only the witness hash is retained which is not a signature from the senders private key you retard

[Anonymous No.16823645]

>>16823639
do you even know what a signature is?

[Anonymous No.16823650]

>>16823645
>in the future not only signatures will be discarded but transactions altogether.
you're insane

[Anonymous No.16823659]

>>16823645
yes you mongrel yes you on the other hand not only are retarded but also blind
just look at the part where the signatures are pushed on witness stack! or tale a look at a bc1 tx and see if the witness is "just a hash"

[Anonymous No.16823666]

>>16823650
only the utxo matters. the global distributed ledger is the only value in bitcoin. the blockchain is only needed to reach consensus on the ledger balances. keeping transaction records forever is insanity.

[Anonymous No.16823701]

>>16823659
>just look at the part where the signatures are pushed on witness stack! or tale a look at a bc1 tx and see if the witness is "just a hash"
>>16823577

I don't know why you deny it, that was the whole point of segwit

[Anonymous No.16823767]

>>16823701
Segwit is a complicated distraction with harsh complication for extremely small gains.
Lightning transactions follows a new usage paradigm and faces an unsolved np hard problem to route.
Nothing is interoperable and nothing actually scales to world usage.
What other thing will BTC introduce in order to confuse and delay? How long until the
'experts' try and convince everyone that bitcoin, in it's original design, was a failed experiment?
We are being lied to to.
Bitcoin scales as originally designed.
Bitcoin is cash.

[Anonymous No.16823782]

>>16820331
Because Monero is currently a $60 coin that is secretly a $6k coin during a bullrun. XRP is utter shiet.

[Anonymous No.16824129]

Putting 10k in btc is stupid. In 10 years you might have 10 million. Put half in btc, 10% eth, 10% xrp, 10% link, 20% low cap alts like $BRAP. It's easier to get rich if you pick the right low cap alts.

[Anonymous No.16824177]

>>16821420

>Money must progress through the store of value phase first in order to gain stability before it can be a medium of exchange.
>must

You halfwits are going to be so wrecked it's not even funny.

[Anonymous No.16824345]

>>16821611

He actually called it "generating" not mining

[Anonymous No.16824847]

Bump, my friend.

[Anonymous No.16824900]

>>16821975
How cute you are so fucking close my man. Have a seat and stay a little longer.

[Anonymous No.16824942]

>>16821404
This right here is all you need to know .


Ok listen dumbfucksmost of you were not here pre2017.

In a bull run you need to buy WHATS pumping, identify the trend and buy where you know that if it breaks that level, the trend reverses.


This is really important from TA pov and how MM pump bots(layering systems) work.

I made 35k in 2017 on bittrex OUT of 150$ doing this on the 15min timeframe.

You need a way to filter out shitcoins to trade a given day(tradingview cryptoscreener will do) and filter by %gain on monthly, weekly, daily and hourly, you want coins that are green on all the filters(strong bulltrend=higher bounce chance from your buy).

And thats pretty much it... Hope someone make some bucks in the next 3 years... Because you guys are too shortsighted to realice whats coming.

[Anonymous No.16825193]

>>16823767
its funny but i agree bitcoin will scale as originally intended but no the shitforks ate not bitcoin. once you break the nakamoto consensus and behind 3000 yottahash in pow there is no going back you will never be the longest chain with the most pow as defined in the whitepaper.

lightning solves the irl shopping and micropayment problem and acts as a bulk settlement layer for bitcoin.

[Anonymous No.16825753]

>>16820331
bingo.

[Anonymous No.16825865]

>>16823782
This

[Anonymous No.16825892]

>>16820340
https://www.youtube.com/watch?v=q3kwT3L2kZs

[Anonymous No.16825911]

>>16820331
Its over. Petrodollar has been destroyed burgers!

[Anonymous No.16825917]

>>16825911
https://www.amazon.com/Petrodollar-Warfare-Iraq-Future-Dollar/dp/0865715149

We lost everything and nobody has a clue!

[Anonymous No.16825926]

>>16825917
google petrodollar or petroyuan

[Anonymous No.16825958]

>>16820673
>>16820760
>>16821611
>>16821615
>>16821643
>cuckmaximalists taking the bait

[Anonymous No.16827150]

>>16825193
Nakamoto consensus was envisioned at a time when CPU power was more evenly distributed.
Now the majority of the hashpower is controlled by chinese miners who have met with communist party officials.
Unfortunately arguing for hash power defining bitcoin means arguing for communist elite defining bitcoin.
Thankfully we have the whitepaper to guide us to the use case of bitcoin, p2p cash.
Anything that is not p2p cash is not bitcoin, BTC is not bitcoin.

[Anonymous No.16827159]

>>16820331
Nobody gives a solid fuck about anything but Bitcoin

[Anonymous No.16827188]

>>16827150
Palantir building a $200m mining op in Texas. Ground up, advanced chip fabrication, solar energy. Shhh moon