/biz/ - Business & Finance

[Anonymous No.16990411]

Anon, I hope you finished accumulating bsv before feb 4th (genesis) there's only one week remaining ^_^ then we won't see 3 digit Bitcoin ever again

tick.... tock

[Anonymous No.16990417]

Agreed. two digits incoming. Then one. Then zero.

[Anonymous No.16990423]

>>16990411
I have to correct you, anon. You said bitcoin at the end of your post but what you mean is bsv.

[Anonymous No.16990429]

They have no idea what's coming.

[Anonymous No.16990431]

>>16990411

Wait... didn't you say that 4 months ago?

[Anonymous No.16990480]

>>16990411
>Bitcoin P2P e-cash paper
>2008-10-31 18:10:00 UTC
>The main properties:
>No mint or other trusted parties.
>Participants can be anonymous.
>First answer, he talks about TOR
craig version will be KYC friendly, permissioned blockchain, with censurable transactions and with possibility to seize coins if US government wants
IMAGINE BEING THIS FUCKING BRAINDEAD TO BELIEVE CRAIG IS SATOSHI

[Anonymous No.16990501]

>>16990431
if you bought 4 months ago you would have tripled your net worth already. I hope you listened ,anon

[Anonymous No.16990507]

Feb 4 is when playback attacks occur causing tons of free coins to get dumped to market. You expect bsv devs to be even remotely competent? Sell now unless you are a complete fucking idiot

[Anonymous No.16990511]

>>16990480
Maybe you should dyor before talking nonsense

[Anonymous No.16990577]

>>16990501

I did not. And I am not listening now either. I know what and who BSV is. And it is pushed, sleek, and nasty SCAM. Some of you will profit, sure. But in the end it is a scam. A dirty one.

[Anonymous No.16990582]

>>16990507
screenshotted.

>>16990480
craig (satoshi) is just stating the truth. Crypto currencies don't exist in a vacuum from the legal system. Governments can seize coins, shut down mining operations or shut down the network as a whole or force censoring of transactions, for ALL cryptocurrencies. If you think code is law and goverments laws dont apply.. good luck making money in this market long term.
Any crypto that has anonimity and money laundering baked in will be made illegal to use soon.

[Anonymous No.16990587]

>>16990511
craig is trying to claim intellectual property on btc, this is enough to prove he is just a scammer
+ fake signatures
+ forgeries
+ blog posts edit
+ muh turing complete
+ no public signature
it's very clear

[Anonymous No.16990610]

>>16990577
Death to Israel you slimy jew parasite

[Anonymous No.16990629]

>>16990587
If craig is truly a scammer, then he managed to convince all the early satoshi collaborators, some billionaire to bankroll him, and patent offices awarding him hindreds of patents...
If thats a scammer, its a scammer you'd want to invest in

[Anonymous No.16990645]

>>16990582
try to make bitcoin illegal and see what happen next
first thing you will not be able to enforce it, the only was to do it it's to beat the hashrate, which is crazy expensive and unfeasible in reality, so you just need a single country in the world where mining is legal, and the only way to stop it, is having malicious miners that are basically wasting money just to attack it
second thing it will fire back, since new techniques will be introduced to mitigate the 51% attack
you cannot fight math

[Anonymous No.16990714]

>>16990629
>he managed to convince all the early satoshi collaborators
I don't think Wei Dai and Szabo agree on that
>some billionaire to bankroll him
a pedo gambler
>patent offices awarding him
literally everybody can do it, registering a copyright is just filing a form. The Copyright Office does not investigate the validity of the claim
https://cocatalog.loc.gov/cgi-bin/Pwebrecon.cgi?v1=9&ti=1,9&Search%5FArg=bitcoin&Search%5FCode=TALL&CNT=25&PID=-A_qJBxcnpizGlZQoqiNlBFWjbde&SEQ=20190604134535&SID=1
>If thats a scammer, its a scammer you'd want to invest in
nope, I'm not investing in scammers

[Anonymous No.16990737]

>>16990582
The government could actually shutdown bsv because there are barely any nodes or miners. Bsv missed the whole value proposition of Bitcoin which is to be decentralized. Making every full node verify 1gb blocks of micro transactions is not feasible the longer the chain gets, so you get massive centralization. At that point there is no reason to even have a blockchain, might as well just host the coin on AWS in a traditional database. Its fucking pointless. Imagine if youtube stored their data in a blockchain, literally no point.

[Anonymous No.16990740]

>>16990645
man i already knew i was talking with a retard.

>beat the hashrate, which is crazy expensive
wrong. Goverments have basically infinite money. the Fed just pumped 500 billion $ overnight in the repo market. It currently costs half a million to 51% attack btc for an hour, that means it would be quite cheap for a government (not as easy for a non-state actors, cause doing a 51% attack would be ILLEGAL if done by a non-state actor, so it's high risk).

Most importantly, the goverment doesn't need to 51% attack a coin to kill it. They can just make owning and using it illegal and it will die. Day 1 all places accepting the crypto will have to stop accepting it, except darknet markets. This would already make value plummet. Everyone who has already declared to own crypto (individuals who compiled tax returns, mining operations..) will be forced to sell at market rate. The few criminals who would still be holding it at this point would be holding something that has no potential to raise in value as its utility is crippled and made illegal, so even most of them might try to sell but find no buyers really. Value goes to zero in a few days at most.

[Anonymous No.16990767]

>>16990714
I said patents not copyright you retard.

>>16990737
you are talking like 1GB every 10 minutes is a lot of data... that's 1.6 MBps, omg! It's not the 90s anymore dude

[Anonymous No.16990802]

>>16990740
>It currently costs half a million to 51% attack btc for an hour
it's not fucking feasible you fucktard
no fucking pool is willing to be hired to attack btc, it is against their interests, as soon as participants detect where the attack is coming from, the pool is done, no fucking one would ever use it again, forever, done
for pools it means constant profits lost forever, they have zero interest in promoting attacks
do you know a bit of game theory or you are just pulling these "attack scenario" out of your ass?
let's assume they got unlimited money and the mining hardware to attack (ASIC supply is limited btw, they cannot physically produce or buy the necessary ASICs to beat the hashrate), do you realize that all ASIC producers are the ones with the biggest hashing power, and they are mining with newer hardware, and they are dumping on the market slower and older ASICs?
Good luck competiting, unless you build your own one
>Goverments have basically infinite money
great, it means BTC price will skyrocket and it is working as intended
>They can just make owning and using it illegal
KEK, IMAGINE DECLARING ILLEGAL TO OWN 32 BYTES
YOU ARE A FUCKING SINGLE DIGIT IQ
>NOOOOOOOO YOU CANNOT OWN 32 BYTES, IT'S ILLEGAL

[Anonymous No.16990820]

>>16990610

Ah, ok, yes, ... I something you don't like.. must be a jew. Back to /pol/ with you

[Anonymous No.16990832]

BSV is a scam... me saying that = jew XD You couldn't invent this shit

[Anonymous No.16990843]

Craig Wright is a jew. For real, if you didn't realize btw. Look into hie deeper family.

[Anonymous No.16990865]

>>16990767
Proof you've never run a node before but what can you expect from bsv bagholders.

1gb every 10 min is 4320gb a month download just to verify new blocks. If you've ever run a node you'd know that download pales in comparison to your upload which is usually 10x higher because you are helping bootstrap new nodes. Have fun finding an ISP that won't shut off your service after the first week.
Also the bandwidth isn't the only reason, the cpu workload to sit there verifying millions of pointless 1sat transactions constantly means you would literally never catch up to the rest of the network if you start at genesis. You would have to do fast sync off of a centralized source that you trust. The idea of storing all this shit on your computer forever is the dumbest idea ever and no one will do it expect nChain, but only as long as they can continue to fool people.

[Anonymous No.16990880]

>>16990767
>1.6 MBps
you're talking bandwidth, he's talking storage

[Anonymous No.16990881]

>>16990802
i played with the ridiculous attack scenario since that's what you proposed, of course a government would just make it illegal rather than doing a 51% double spend attack, that's retarded. If they wanted to attack the network they could just raid and shut down mining pools and miners houses, but just making owning and using bitcoin illegal would be enough to stop it.

>KEK, IMAGINE DECLARING ILLEGAL TO OWN 32 BYTES
you are truly a brainlet man, if you dont think this is a very real possibility you should not be invested in this market.
The us has already made certain numbers and encryption algorithms illegal to own and distribute in the past. Yes NUMBERS have been made illegal to own.
But it sounds like you're too young and now too little about crypto to understand this.
Whats saddening is that you don't understand economics either. What is that number worth if you cannot spend that bitcoin anywhere (legally), or convert it to fiat anymore?
Worthless.

[Anonymous No.16990888]

>>16990865
>The idea of storing all this shit on your computer forever is the dumbest idea ever and no one will do it expect nChain, but only as long as they can continue to fool people.
Well, their are storing BSV blockchain data on Amazon AWS
But they are too retard to realize that Amazon AWS has optimizations and they are not actually storing duplicates if hashes match, so
basically there is only one existing copy of BSV blockchain, on a third party datacenter, and they call it "decentralization"
if Amazon has some technical problem, they are done

[Anonymous No.16990912]

>>16990865
>>16990880

you understand that theoretically you don't need the full bitcoin transaction history to run a node or mine right? That was just the naive first implementation, you only really need the utxo and mempool.
A few big nodes might specialize in the future to become basically cdn for old transaction history but that's a separate thing

[Anonymous No.16990914]

>>16990880
That dude must think its no big deal to buy a new 4TB hard drive every month to keep up with storage of 1gb blocks full of literal 1sat spam for eternity

[Anonymous No.16990922]

>>16990881
THIS CANNOT BE REAL

[Anonymous No.16990928]

>>16990767
you'll need 52,560GBs a year

https://www.amazon.com/External-Hard-Drives-Storage-Add-Ons/b?ie=UTF8&node=595048

get to shopping

[Anonymous No.16990973]

>>16990912
Nice try but you still fail. The utxo set is one of the biggest things that we are trying to protect by having small blocks. If you break every bsv into 1sat utxo at worst case then the utxo set is 123 petabytes. Just imagine the insanity of that right now with the storage and bandwidth options available to the average user.
Block size is a limiter to control the utxo set size since you cannot set it directly. At best all you can do is control its rate of growth. By removing the governing mechanism you prematurely speed up the process and eliminate any potential decentralization of the network which is literally the only thing that makes Bitcoin value in the first place

[Anonymous No.16990975]

>>16990928
>he thinks 52TB a year is a lot of data xDD
Dude i work in big data analytics, people esily work on petabytes these days,
if you need 52TB just get 4 of this bad boys and you're gucci:
https://www.connection.com/product/seagate-16tb-ironwolf-sata-hard-drive/st16000vn001/37060867

[Anonymous No.16990988]

>>16990881
man, please, stop
your are getting ridiculous

[Anonymous No.16991038]

>>16990975
so what happens then when they're terabyte-size blocks

[Anonymous No.16991047]

>>16990975
Or you could just run a real Bitcoin node on a raspberry pi with a 1tb hdd that will only be 1/4 full right now for 11 years of history.

Blocksize increase is scaling for brainlets. You get double the trasactions if you double the blocks. Thats just a linear function. If you take it to layer 2 then your blocks can anchor millions of additional transactions. That is exponential scaling.

Wait until we get sighash anyprevout and then you get channel factories and statechains. You will be able to trade utxos directly without needing to settle on chain and still use them to open lightning channels with multiple participants. The base layer will be bidded for with high fees and large settlements, but anyone can run a node. This is honestly the only chance Bitcoin has to succeed once the block reward decreases

[Anonymous No.16991048]

>>16990411
the genesis upgrade gives Calvin access to thousands of coins

[Anonymous No.16991123]

>>16991038
ever heard of Moore's law?

>>16991047
whats the advantage of a rando like me running a full node? Non mining nodes are entirely useless and only make the network laggier and more prone to sybil attacks.

[Anonymous No.16991133]

>>16990740
>It currently costs half a million to 51% attack btc for an hour

That's the electric cost you fucking retard , the hardware cost billions and has probably 3 years until it's delivered in such a scale with tmsc and amd delayed for 2 years.

>Everyone who has already declared to own crypto (individuals who compiled tax returns, mining operations..) will be forced to sell at market rate. The few criminals who would still be holding it at this point would be holding something that has no potential to raise in value as its utility is crippled and made illegal, so even most of them might try to sell but find no buyers really. Value goes to zero in a few days at most.

Literally nobody outside the usa has to declare shit, also people trade crypto for cash what the fuck are they going to ban?

Are you a fucking retard , also there are bitcoin funds in the stock markets , doing any action will make the politicians impeachable for insider trading.

[Anonymous No.16991146]

>>16990881
>i played with the ridiculous attack scenario since that's what you proposed, of course a government would just make it illegal rather than doing a 51% double spend attack, that's retarded. If they wanted to attack the network they could just raid and shut down mining pools and miners houses, but just making owning and using bitcoin illegal would be enough to stop it.

Oh nononono the difficulty will decrease and people will mine with less hardware and no pools making the network more descentralized.

>What is that number worth if you cannot spend that bitcoin anywhere (legally), or convert it to fiat anymore?

Gold was made illegal too it was still worthy interestingly satoshi nakamoto birthday is exactly the days of the gold ban in the usa start and end.

Suck my dick shill.

[Anonymous No.16991154]

>>16991123
The advantage of you running a full node is the entire value proposition of bitcoin, the sole reason that cryptocurrency is even an asset class right now as an opt out from central bank digital fiat.

[Anonymous No.16991159]

>>16991123
>ever heard of Moore's law?

Moore law has not worked since 2012 , even worse in data storage.

[Anonymous No.16991216]

>>16991133
>Literally nobody outside the usa has to declare shit, also people trade crypto for cash what the fuck are they going to ban?

Wrong. You have to declare in the vast majority of countries, I'm in the eu and i have to declare cryptos in the same section of my tax return where i have to declare what i own in terms of stocks and foreign currencies.

>Are you a fucking retard , also there are bitcoin funds in the stock markets , doing any action will make the politicians impeachable for insider trading.
So what? Governments continuously pass laws and sanctions that affect publicly traded companies A LOT. Crypto is just an irrelevant blip in the markets right now, and governments can do whatever they want, insider trading is a different thing.

>>16991146
Yes bitcoin might still hold some value when it's made illegal, with only crackheads and criminals using it on the deep web, so maybe it will go back to when it was ~10$, that was at the height of slik road, man i remember those days.

[Anonymous No.16991252]

>>16991216
>Yes bitcoin might still hold some value when it's made illegal, with only crackheads and criminals using it on the deep web, so maybe it will go back to when it was ~10$, that was at the height of slik road, man i remember those days.

Have you used it for payments?You clearly have no fucking idea why this is being used.

it's being used for international wires because the "legal system" has become so overregulated you can't do shit without massive risk of accounts being frozen due to retarded inter country regulations colliding.

>Wrong. You have to declare in the vast majority of countries, I'm in the eu and i have to declare cryptos in the same section of my tax return where i have to declare what i own in terms of stocks and foreign currencies.

Then be a good cuck and declare it, also declare your gold and also remember that cash is being banned soon in the eu so be a good cuck and put all you have in your negative interest bank account.

>So what? Governments continuously pass laws and sanctions that affect publicly traded companies A LOT.

Exactly why you should not give a single fuck about what governments think instead of being a good cuck.

>Crypto is just an irrelevant blip in the markets right now, and governments can do whatever they want, insider trading is a different thing.

Kek crypto marketcap is bigger than all russian exports per year.

And the market cap grew almost 100x every btc halving event.

[Anonymous No.16991257]

Some Anon screenshot this whole thread pls for future reference. Thank you. BSV the scam you all fell for... do it now. save it.

[Anonymous No.16991271]

>>16991154
have you even ever read the whitepaper?

[Anonymous No.16991286]

>>16991159
ever read the Bitcoin whitepaper? Since you claim to be supporting bitcoin

[Anonymous No.16991290]

>>16991048
Probably more like hundreds of thousands, which he will dump if there is even the slightest bit of buy demand

[Anonymous No.16991294]

>>16991257
why most of it retarded bs from greg
literally not worth reading the first time let alone a second

[Anonymous No.16991314]

>>16991294

Not intelligent or extremely funny, true. But I want it as a future reference. To rub it in faces.

[Anonymous No.16991324]

>>16991216
>with only crackheads and criminals using it on the deep web
it's literally my only savings account
imagine keeping your money in any european bank in 2020, with bank debts at insane levels (look at Deutsche Bank) and with eurozone at the verge of collapsing

[Anonymous No.16991329]

>>16991314
btc will dump so hard you will wish it never existed

[Anonymous No.16991337]

>>16991324
This is also my case , and i know many people in the same situation.

[Anonymous No.16991355]

>>16991290
THIS, they are literally playing at the biggest ayre casino
with hardfork they start seizing coins, and ayre will start to play like a casino owner
that's literally the only thing ayre knows how to do

[Anonymous No.16991368]

>>16991252
>Have you used it for payments?
oh yes anon, i used it for small payments for shit and gigles in the early days and some vpns, then used it on silk road, then on steam a few times, but then what happened?? OH NO, fucking retarded blockstream decided to cripple blocks so transaction fees went up and steam, along with a bunch of other sites, stopped accepting bitcoin altogether. I fucking miss the early days of zero transaction fees, i would send transactions for zero or super low fees and it would always work, now btc is an unusable engineering joke, not the original remise of p2p money.

>it's being used for international wires
Oh really? I'm cto of a multinational company and we do international wires all the time, I can assure you we have never used bitcoin and we never will, cause the amounts we move are big enough you cannot afford risking the crazy btc volatility. the "overregulation" you talk about encompasses everything. Whenever we open a branch in a country it's always a pain in the ass to open bank accounts and comply with anti money laundering laws, they want documentation on where every penny is coming from. Guess what, bitcoin will be subject to that as well, just cause regulators havent fully caught up it doesn't mean they're stupid and won't. AML is a pita, and bitcoin also has to comply with it, like it has to comply to every other law, or be worthless outside of illegal circles.

>Kek crypto marketcap is bigger than all russian exports per year.
sure lets pick a country with sanctions and a fucked up exchange rate as a reference.
It is also worth 1/7th of apple, a single big american company. And most of that market cap is not even real since most of it has never touched "the market". Liquidity on crypto markets is a joke

[Anonymous No.16991374]

>>16991329

Wanna bet? :>

[Anonymous No.16991394]

>>16991337
what's your nationality eurofren?
we can be friends even without eurozone and eu, without using this unelected financial oligarchy that is forcing us to do a financial war inside this insane cage called eurozone

[Anonymous No.16991399]

>>16991324
i mean it's not bad as a savings account, you just picked the wrong ticker (it's bsv, not btc, second one will be worthless soon).

>imagine keeping your money in any european bank in 2020, with bank debts at insane levels
You know bank deposits are insured up to 100k, and what are bank bailouts? Haven't you heard anon? Banks cannot fail anymore.

[Anonymous No.16991424]

>>16991394
on this we agree, fuck the euro and the eurozone.

Bitcoin can be an alternative, but only if it's let to grow to its full potential. I hope you kept your bsv from the spilt, blockstream just wants to cripple btc to make money working on second layer solutions, which won't be bitcoin anymore. Who would ever want to put their money in a system where transaction fees are 50$+ when it's literally competing with tons of other cheaper and more efficient systems

[Anonymous No.16991458]

>>16991374
i already have
i own bsv and not btc

[Anonymous No.16991463]

>>16991394
Argentina not europe way worse , credit cards are being taxed at fucking 51% and usds may be seized in the coming months due to the government defaulting on it's debt.

The eurozone is where we were 10 years ago still gaining momentum from printing money but slowing hard.

>>16991368
>OH NO, fucking retarded blockstream decided to cripple blocks

Yes blockstream are cucks but blocks over 32mb are retarded and this whole craig shilling shows how dangerous it was to get politics into bitcoin so blockstream may have been redpilled in the first place.

>Oh really? I'm cto of a multinational company and we do international wires all the time, I can assure you we have never used bitcoin and we never will

That's because you are in the first world , in the developening world there is no other option anymore , even services like western union are using bitcoin in the back end

>inb4 source

google boomer expat forums here the western union exchange rate is suspiciously the btc rate here it goes even above the official exchange rate in the favor of the user when btc does it.

>Whenever we open a branch in a country it's always a pain in the ass to open bank accounts and comply with anti money laundering laws, they want documentation on where every penny is coming from

In the first world , in the developening world you can't do it both ways.
You can get money in but not money out anymore since 2008.
Kind of like when pepsi exchanged submarines and destroyers to the soviet union due to the exchange rate problems.

Invest in brasil, argentina , india, china and other countries money can get in , not out.

[Anonymous No.16991481]

>>16991123
so let's assume that 16TB hard drive's capacity DOES double every two years and stays the same price

16 x 2 x 2 x 2 x 2 x 2 = 512TB for $505.31 by 2030
52,560 / 512 = 102.65 × $505.31 = $51,870.07

512 x 2 x 2 x 2 x 2 x 2 = 16384TB for $505.31 by 2040
52,560 / 16384 = 3.20 x $505.31 = $1,616.99

I have a hard time believing that even 1% of the BSV community would selflessly shell out a few thousand to run a full node for gigabyte-size blocks, let alone in 20 years, for about the same cost, for terabyte-size blocks

[Anonymous No.16991498]

>>16991368
>Guess what, bitcoin will be subject to that as well, just cause regulators havent fully caught up it doesn't mean they're stupid and won't. AML is a pita, and bitcoin also has to comply with it, like it has to comply to every other law, or be worthless outside of illegal circles.

Yea sure, here they banned it and now everyone buys with cash.
Your cuck mentality is what's destroying the world.

Keep worrying about regulations and complying, soon the world will see 0% growth rate due to overregulation leading to overtaxation , it's already happening in latam and europe and starting to happen in asia.

>sure lets pick a country with sanctions and a fucked up exchange rate as a reference.

Crypto marketcap is bigger than what 175 export anually.

https://en.wikipedia.org/wiki/List_of_countries_by_exports

[Anonymous No.16991509]

>>16990417
This 100% bsv is a confirmed scam

[Anonymous No.16991526]

>>16991399
>You know bank deposits are insured up to 100k, and what are bank bailouts?

100k in a world where houses are costing 500k

This is pure clown world, this is why richfags are buying negative interest bonds, better than get it in banks since banks can go to hell while governments are harder to die.

Things are becoming so clownish that pension funds are forced to invest in negative interest bonds.
If you can see how the system is collapsing worldwide in front of everyone then you are not paying attention.

[Anonymous No.16991528]

>>16990577
Checked bsv faggots wrecked

[Anonymous No.16991535]

>>16991463
>That's because you are in the first world , in the developening world there is no other option anymore , even services like western union are using bitcoin in the back end

Sure, that makes sense. Now if i was western union, and i can choose to use either bitcoin (sv, sub-cent transaction fees) or bitcoin-core (btc, 50$ transaction fees), which one would i pick as a back-end? hmmm, really a though choice

>>16991481
its nice of you to have dont some math, the thing is, no users needs to run a node, so this is entirely irrelevant. The idea that users should run their own nodes is some retarded bullcrap that blockstream has been pushing to push for their small block propaganda.

[Anonymous No.16991543]

>>16991424
you HAVE to use L1 for savings in any case
L2 for spending small quantities it totally fine since it scales exponentially and it keeps decentralization and robustness in place, also, it allows for faster settlements since 0conf would introduce a point of failure in BTC, and IT IS ALWAYS BETTER NOT TO RISK
Bitcoin cannot be fragile, BSV has a very risky approach and a way too aggressive approach, 1TB block is just plain stupid

[Anonymous No.16991552]

>>16991458

Well, sorry Anon. You fell for a scam. It matters not until you lose money. And you probably haven't yet. Just please be aware: it's bullshit. this is not the real BTC, Craig Wright is a slimy old disgusting scammer, and it will all come down soon like the pump and dump he knew it would be. Sell before that happens.

[Anonymous No.16991558]

“The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.” – Satoshi Nakamoto (April 2009)

[Anonymous No.16991575]

>>16991558

And?

[Anonymous No.16991584]

>>16991368
>muh transaction fees
Merchant adoption has nothing to do with a two week fee spike at the height of the last blowoff top. There are a ton of reasons merchants aren't adopting but fees is pretty much negligible in that calculation

[Anonymous No.16991600]

>>16991526
i know anon, that's why im all in Bitcoin (the version that works, BSV).
I used to be in bitcoin since it was less than 1$, and as a comp engineer so i think i can pick technology better than the average guy on this board. When blockstream refused the blocksize increase, that's when bitcoin died. I still had some btc until the no2x fiasco, after that it's clear this shitcoin has no future.

Blockstream is just a way for banks to gain control of bitcoin, they want to make it too expensive to actually use directly, so regular folks will only "own bitcoin" through their banks (aka lightning nodes) and pay fees to the banks for it. I hope you can see how things are unfolding. They are trying to enslave bitcoin to the existing banking system. BSV is trying to build an alternative that can compete.

KYC and AML are irrelevant and were just derailing this conversation. They apply to all exchanges, to all money transmitters and to all cryptocurrencies, so they apply equallly to bsv and btc. Craig is just smart enough to admit it.

[Anonymous No.16991630]

>>16991575
and only BSV promise it. BTC is taken over by Blockstream and it's shitcoin now.

[Anonymous No.16991632]

when do we kill them?

[Anonymous No.16991641]

>>16991584
>Merchant adoption has nothing to do with a two week fee spike
how does it have nothing to do with it? I used to be able to buy games on steam with btc all the time, then they stopped adopting btc oreciselt because fees kept going up and confirmation times for low fees becoming slower and unpredictable. Just really awful user experience, BTC has been crippled and it's now unusable. The solution was easy, just raise blocksize a bit, it had consensus, but the banks hostile takeover has worked, now bsv is the only way out. I'm sorry you're a corecuck, not everyone is smart enough to make it

[Anonymous No.16991681]

>>16991600
>i know anon, that's why im all in Bitcoin (the version that works, BSV).
anon I...
>When blockstream refused the blocksize increase, that's when bitcoin died.
you are ignoring important reasons, e.g. centralization
BTC, like every free market systems, it always tend to centralization.
You have an unregulated market, and cartels are always forming, it's natural, human nature is violent, just look at what happened when they launched the Microsoft twitter AI, scary right?
BTC is working to keep block small, and make the core more robust, more immune, more decentralized, more safe. BSV is doing the opposite, in fact it is already centralized, it is literally controlled only by Ayre and Craig, they are even mining on loss, this is just nonsense. Be careful.
https://ieeexplore.ieee.org/document/7176229

[Anonymous No.16991697]

>>16991535
>Sure, that makes sense. Now if i was western union, and i can choose to use either bitcoin (sv, sub-cent transaction fees) or bitcoin-core (btc, 50$ transaction fees), which one would i pick as a back-end? hmmm, really a though choice

No you can't anon because vishnu vision has no liquidity here.

>inb4 buy at chink exchange

No you can't because capital controls you can only buy with cash and btc & eth are the only liquid coins here.

[Anonymous No.16991716]

>>16991630

You are just plain wrong m8... Don't know who feeds you this, but wrong.. apparently too

[Anonymous No.16991741]

>>16991600
The problem is that you are thinking like an engineer and not as an economist.

It's irrelevant which coin has the best tech if it's a 0 liquidity shitcoin.

I can't even buy vishnu vision because it has no liquidity.

By avoiding forks blockstream cucks at least mantained global liquidity by preventing infighting , even bch that has tried to replicate localbitcoins is failing hard in that task of achieving global liquidity.

>Blockstream is just a way for banks to gain control of bitcoin, they want to make it too expensive to actually use directly, so regular folks will only "own bitcoin" through their banks (aka lightning nodes) and pay fees to the banks for it. I hope you can see how things are unfolding. They are trying to enslave bitcoin to the existing banking system

Says the guy defending a chain that wants to have kyc included in it.

>KYC and AML are irrelevant and were just derailing this conversation. They apply to all exchanges, to all money transmitters and to all cryptocurrencies, so they apply equallly to bsv and btc.

No they don't before the patriot act in the usa all banks worldwide had bank secrecy and only a judge could order a bank to expose accounts.

Your cuck mentality is a dangerous mental problem infesting a great part of the western world.
We have gonne full retard KYC and AML are part of the problem they should be 100% inconstitutional in the way they are implemented now.

Freedom is a right and to say otherwise means you are a cuck or glowing.

[Anonymous No.16991862]

>>16991697
>No you can't because capital controls you can only buy with cash and btc & eth are the only liquid coins here.
okay anon, at least you have a good excuse to use btc instead of bsv. Once the local liquidity situation changes, you sound smart enough that youll start using bsv instead.

>By avoiding forks
the problem is that soft-forks are still forks though... and they've been using that to morth bitcoin into something else entirely, btc aka bitcoin-core.

>Says the guy defending a chain that wants to have kyc included in it.
that's just a talking point meme though. Bsv has no "kyc included", its just that craig admits that exchanges not following kyc cannot survive.

[Anonymous No.16991877]

>>16991862
kyc fud is cope
i had to provide a mug shot to binance to trade on it and they don't even have bsv

[Anonymous No.16991883]

>>16991641
First of all if you own a business accepting Bitcoin and all of a sudden the price is going parabolic its smart to stop taking payments, regardless of whatever the fees are at that time.
There are other obvious reasons why reputable merchants don't want any crypto. They have to report every sell back to fiat and pay capital gains and incur audit risk. They have to use shitty 3rd party software like bitpay to accept the payments in the first place, which is thankfully changing with btcpay server. They have to have the technical understanding to do this which is not completely intuitive yet. This is enough and still not taking into account volatile prices which all cryptos have right now.

Railing against fees is too simplistic. You need a healthy fee market on the base chain to keep the coin secure. And that being said the fees on Bitcoin have been low the past two years but of course btax and bsv shills single out a two week period at the height of crypto hysteria and act like it killed Bitcoin forever. Better to have full blocks with a healthy fee market on a secure coin that people want to use than no fees on an insecure shitfork owned by Calvin. Layer 2 is the future, it's the only common sense way for Bitcoin to scale in a way that keeps the base chain decentralized

[Anonymous No.16991906]

>>16990501
High IQ 3x anon reporting in.

[Anonymous No.16991916]

>>16991877
>doesn't realize that btcpayserver is going to lead to creation of a unstoppable non-KYC market for Bitcoin

[Anonymous No.16991920]

>>16991862
>ts just that craig admits that exchanges not following kyc cannot survive.

It's quite the opposite all exchanges are going to be cucked by taxes and fees in them will go to 20% till people move to things like bisq.

>the problem is that soft-forks are still forks though... and they've been using that to morth bitcoin into something else entirely, btc aka bitcoin-core.

Soft forks are soft forks and hard forks are hard forks.
Look at the shitstorm that bch started by forking so much , the entire hashwar crap started due to developening ideas colliding between different groups.

Blockstream may have saved crypto , if btc core had done this shit crypto would be dead now.

>okay anon, at least you have a good excuse to use btc instead of bsv. Once the local liquidity situation changes, you sound smart enough that youll start using bsv instead.

Not gonna happen due to centralization caused by asics , even less with vishnu vission ultra centralized nodes/ pools.

Only coin that is growing liquidity is xmr due to randomx , the problem is that due to capital controls you can't buy in international exchanges so only local supply exist.
That's harder with centralization in asian miners btc achieved it early on so it has liquidity , same for eth and xmr is starting to do that tough slowly.

>>16991877
Most people using crypto day to day use p2p trade or in cash purchases.
That said binance does not ask mug shot unless you want to move serious money per day.

[Anonymous No.16991937]

>>16991509
Confirmed By Gregory aka Contrarian_ Himself

[Anonymous No.16992040]

>>16991920
it's not really as centralized as people make it sound like