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/biz/ - Business & Finance

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17098895 No.17098895 [Reply] [Original]

>BTC will always remain #1 because it was the first, and somehow secures it as a store of value
>Nevermind the laughably slow transaction times and China owning most of the hash rate
Why is this mentality so fucking pervasive on /biz/?

>> No.17098909

Its the betamax effect

>> No.17098919

>>17098895
It’s true though

>> No.17099210

Ok OP you try getting another coin to a multibillion dollar marketcap and highest hashrate ever while undergoing constant attacks, technical, political, and ideological so you can have a marginally faster protocol that will get outdated just as quickly as it can be updated when it reaches that critical mass adoption/decentralization

Hmm let's brainstorm ITT what coin we should all collectively choose to jump ship to at once; I vote Bitbean

>> No.17099234

>>17098895
Bitcoin will eventually get overthrown but not anytime soon.

>> No.17099256

imagine still being in BTC in 2020
>muh digital gold
literally boomercoin

>> No.17099267

>>17099256
This
>>17098895
no one believes it but trump will ban it in his 2nd term precisely because supply and hash is owned by chicoms
they could 51% tomorrow if they wanted to

>> No.17099283
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17099283

>>17099267
Funny that you understand this, but you don't understand who will step in, and winout bigly as a result.

>> No.17099284

What do core devs even do???????????????????????????

Other than lightning network like 3 years ago

>> No.17099291
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17099291

>>17099210
It's already China's bitch lmao. God I can't wait for the day BTC crashes. It's only a few more years from now, I assure you.

>> No.17099298

In today's world investment is important but apart from it there are many major problems on which we have not focused yet & that problem is safety & privacy of your data on the internet!!!!! today every work of human whether it is finance, education, shopping etc is done through internet but is the Internet safe enough, we need to change our internet into decentralized protocol there are very few firms in world working on it one of them is Tachyon protocol they have exciting products which have good potential in future to grow.

>> No.17099304

anyone can compete in hashrate and dethrone china, then btfo the blockstream losers. working as intended.

>> No.17099347

>>17099284
There were actually 3 planned implementations initiated in January. The first time since lightning lol

>> No.17099377

>>17098895
paying satoshi

>> No.17100245
File: 24 KB, 850x529, bitbean.png [View same] [iqdb] [saucenao] [google]
17100245

>>17099210
>I vote Bitbean
I 2nd this vote

>> No.17100272

there is security in the length of the btc chain

>> No.17100545

When bitcoin is flipped it will fall off the charts, it can't compete.

>> No.17100565

>>17098895
CSW is the reason why BTC will stay king. He can't stop being a proven scam.

>> No.17100575

>>17099267
>ban a ledger
topkek

>> No.17101075

>>17100565
This

>>17099267
t. zec shill

Trump can ban all he want , he will lose 35% of his base doing so and btc won't be impacted at all because he will have to do negative interest rates to prevent the coming economic armageddon.

The morons advising him literally wants negative rates in the world reserve currency, he will destroy that status overnight doing so.

>>17098895
>Why is this mentality so fucking pervasive on /biz/?

Because btc marketcap is bigger than all 2019 russian exports and growing.
And as people park their wealth the hashrate increases even more and no one can compete with this no matter how muh fast tx are shilled.

As long as we live in a keynsian cancer world btc will grow.
Any attack against btc will just pump monero.

>> No.17101241

>>17098895
>>17099267

>hurr china owns all the hashpower!!!1

so sick of this fud. many of the big POOLS are located in china. we have no idea how much of each pool's hashing power is actually located in china, since anyone can join a pool from anywhere in the world. we've already seen US based mining farms popping up in Texas and in power stations in other parts of the US to use their excess power during off-peak times. Iceland has tons of farms due to their cheap geothermal energy and cool weather. and you're just gonna continue to see farms spread out over the globe.

>> No.17101258

>>17099267
>Trump second term
oh you sweet summer child hahahahahahahaha keep believing