/biz/ - Business & Finance

[Anonymous No.18887858]

stop feeding the parasite that is Blockstream. don't buy Bitcoin.

[Anonymous No.18888186]

>>18887858
I just want to see the vid where Samsom Mow and Charlie Lee fuck each other in the asshole

[Anonymous No.18888207]

>>18887858
no

[Anonymous No.18888375]

>>18888207
The janitors took over when the engineers left for BCH and BSV. Not saying that you should put your money on these two or even sell your BTC stack but if you're looking for something with an actual usecase, you take a look at other coins.

[Anonymous No.18888454]

If you don't own at least several BCH, you're never going to make it when the flippening happens.

[Anonymous No.18888466]

>>18888375
No.

[Anonymous No.18888614]

>>18888454
The minimum buy volume on Kraken is ridiculously low, it's a small fracture of a cent. Even a poor fuck can dollar-cost average it. Other than that one might also buy some BSV.

>>18888466
Yes.

[Anonymous No.18888637]

>>18887858
What happened to bitconnect?

[Anonymous No.18888640]

>>18888614
>The minimum buy volume
volume for a buy order you put that is

[Anonymous No.18888644]

>>18888614

I wouldn't buy BSV simply because, if either BCH or BSV is going to replace BTC, it has to be BCH. BCH has the original community there, whereas BSV is run by a con-man. It simply can't succeed if it has a litigious liar as its face and creator.

[Anonymous No.18888654]

>>18888614
Negative, Space Commander.

[Anonymous No.18888722]

>>18888644
>BSV is run by a con-man. It simply can't succeed if it has a litigious liar as its face and creator.
I agree with you so far that Craig Wright has to leave.

[Anonymous No.18888725]

>>18887858
if cash and sv were truly better than btc they wouldn't have had to use the bitcoin name to qualify their existence. Using bitcoin in there name implies they feared not being able to stand on their own merit, regardless of the "quality" of their tech. Translation: shit coin and shit coin

[Anonymous No.18888728]

>>18887858
> buy our coin
scammers going to scam

[Anonymous No.18888940]

>>18888725
Bullshit. They forked from Bitcoin, so continuing using it in their name is perfectly legit.

>>18888728
Don't like Bitcoin Cash or Bitcoin Satoshi's Vision? Give Monero a try.

[Anonymous No.18888956]

>>18888725

If somebody captured and perverted your religion or philosophy, would you concede the name to them, or continue to assert your true right to it?

Besides which, BCH _is_ a fork of Bitcoin. It has all the transactions on record going back to the creation of Bitcoin. Anybody who adopted Bitcoin before BCH has all their BTC as BCH. In other words, all the passionate, libertarian-minded people who bought in _before_ crypto became a fad are still wealthy there.

[Anonymous No.18889240]

>buy coin sir

[Anonymous No.18889959]

>>18887858
>blockstream contributes greatly to layer 2 solutions and bitcoin code
>is called parasite by anon that doest even know how to code
my sides

[Anonymous No.18890141]

>>18889959

Layer 2 is _more_ possible on BCH, because BCH has the bigger block size.

[Anonymous No.18890193]

>>18887858
Just bought 100k more

[Anonymous No.18890229]

>>18890141
BCH was just a taproot testnet

[Anonymous No.18891110]

This podcast with Jason Smith, who actually uses cryptocurrency for his business, is interesting to listen:
https://www.youtube.com/watch?v=Gt1Rt4aPWKM

>BCH [...] it's the only real competitor I saw to BSV. All the other altcoins are just trying to be the next cool altcoin. No one [else] is trying to take over the world. There are two coins that are trying to take over the world, three, maybe. And that is BTC, BCH, BSV. And BSV seems to be the only one building anything interesting, at all.

>>18888956
You have the wrong set of mind if you treat crypto like a religion. Besides that, none of those "libertarians" in cryptospace run a buisness nor do they understand economics.

>>18889959
they keep btc in a crippled state so that they can shill their 2nd layer "solutions" which are utter shit. Holding onto double-spending enabling RBF seems to be a cool thing with you, too.

>>18890193
my condolences

[Anonymous No.18891563]

>>18891110

Bitcoin is an economic philosophy: the idea that every person, no matter how poor, should be his own central bank. In other words, have access to a decentralized peer-to-peer cash system with privacy and low fees.

[Anonymous No.18891634]

>>18891563
>with privacy and low fees.
You certainly don't get both with BTC, lol.

[Anonymous No.18891652]

>>18891634

Precisely. Which is why, sooner or later, the market-cap of BTC and BCH is going to swap places.

[Anonymous No.18891710]

>>18888644
>it has to be BCH. BCH has the original community there

That's not true. All the creative talent went over to BSV. BCH does have some tech smart people, but they always seem to be wearing horse blinders. They miss the big picture.

[Anonymous No.18891765]

doesnt BCH have a tax now?

[Anonymous No.18891976]

the point of bitcoin is to speculate everything else is secondary

[Anonymous No.18892051]

>>18891976
correct. it doesn't work under any load and lots of people are going to get fucked again like in 2017

[Anonymous No.18892138]

>>18891710

Bitcoin SV doesn't even have a community. It can't grow, because it's the project of one con-man. I know we hate Reddit here, and I don't use Reddit myself, but just compare the BCH subreddit (300,000 subs) with the BSV one (2,400, and those are probably fake). There is a reason why highly-respected people like Mike Hearn do AMAs to the BCH crowd, and why programmers like Gavin Andresen (Satoshi's successor) support it.

[Anonymous No.18892245]

>>18892138
You're too focused on Craig Wright. Also, I don't give a damn about BCH's shill army.

[Anonymous No.18892339]

>>18892245

If you have two projects, each doing the same thing, but one has a strong, passionate community backing it, and the other one is simply the lonely breakaway project of a con-man, there is no question which of the two is going to succeed.

[Anonymous No.18892363]

>>18887858
Daily reminder BLOCKSTREAM is stronger than this entire industry
FORGET about the users

OK.

[Anonymous No.18892381]

>>18888375
>when the engineers left for BCH and BSV
lol who left?
gavin andresen left when he was paid by the CIA and caused satoshi to leave

[Anonymous No.18892404]

>>18891110
>they keep btc in a crippled state
Even a guy who's been in prison for decades knows the scaling debate

[Anonymous No.18892432]

>>18892381

Bcore propaganda. Satoshi left because WikiLeaks started to accept Bitcoin.

[Anonymous No.18892464]

>>18892432
Nobody knows exactly why satoshi left.
You're spreading propaganda too if that's your definition of it.

There were several factors, and his right hand man going to the CIA and trying to change the protocol to big blocks wasn't helping.

[Anonymous No.18892470]

>>18891563
>Bitcoin is an economic philosophy: the idea that every person, no matter how poor, should be his own central bank.
Where the fuck did you get this nonsense?
You just make shit up and say it's some core philosophy lmao
The absolute state of crypto.

[Anonymous No.18892479]

>>18887858
>>18888375
>>18888454
>>18888728
>>18888725
Imagine thinking normies won't just all pile into Robinhood and Cash app and just buy BTC. They don't care if their coins are held in one gigantic exchange wallet. Layer 2 already exists and its the exchanges. BTC is already just the settlement layer. There will be no flippening. The low TX rate of bitcoin actually makes it more valuable because it incentivizes aggregation solutions on the second layer. Normies will pile into little credit card and rewards systems that give small btc rewards but they will have no idea their actual btc wallet holds 30 million other people's bitcoins on the same wallet. It literally doesn't matter as long as the exchanges stay solvent.

[Anonymous No.18892498]

>>18892138
Smart people left reddit long ago. Only cucks, retards and clowns are on that garbage dump of a site.

I'd even say the size of your reddit community is inversely correlated to the amount of smart people in your project.

[Anonymous No.18892532]

>>18892470
The definition of a chain doesn't matter so much as its processes and how they apply to your life.
I like to validate the network I'm using, and build everything else off of contracts.
It makes the most sense for the society I want to interact with.

[Anonymous No.18892543]

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

[Anonymous No.18892545]

>>18887858
No

[Anonymous No.18892551]

>>18892470
https://www.youtube.com/watch?v=-RZgq0mtD18

Big dick nick said white papers don't always end up exactly the same as the project.

[Anonymous No.18892556]

>>18892470

Thank you for substantiating my point with the very text which you quoted. Here's more:

"The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve."

>>18892479

If BTC has no actual use-case, it _will_ collapse. People buy into it because they believe the moonboy hype that it will achieve widespread adoption some day. Once that illusion dies away, the speculation will die with it. Bitcoin only achieved its present market cap in the first place because of that illusion.

[Anonymous No.18892598]

>>18891634
decentralization is not cheap, maybe you get this blackpill by 100k

[Anonymous No.18892605]

>>18892498

I didn't say numbers alone made the community strong, I simply pointed out the fact that nobody at all cares about SV, whereas BCH does have a thriving community. The more pertinent point is that respectable figures like Mike Hearn give sympathy to BCH, whereas SV is universally despised.

>>18892464

You said that Andresen was "paid by the CIA"; he simply gave a presentation to them in 2011, which he publicly gave notice of on Bitcointalk. So what you said is _definitely_ propaganda. What I said is a highly reasonable supposition on the basis of Satoshi's last messages.

[Anonymous No.18892619]

>>18892556
Read austrian economics and the power of a free market.
Protecting the free market with decentralized security is the key to understanding bitcoin's value

[Anonymous No.18892642]

>>18892605
>he simply gave a presentation to them in 2011
This is fucking propaganda you retard faggot
HE WAS PAID

You're dishonest.

[Anonymous No.18892735]

>>18892642

The words "he got paid by the CIA" are duplicitous, as if he received money in a vacuum. He received a one-time fee to cover travel expenses and give a presentation, that's it. He even publicly announced it on Bitcointalk. Notice that I didn't deny the literal meaning of your words, I simply denied what they were obviously trying to imply.

[Anonymous No.18892763]

>>18892735
The CIA is known for their above board financials?
The CIA is known for honorable activities?

Why are you defending this?
What's your angle?

[Anonymous No.18892824]

>>18887858
Buying dips, never selling

[Anonymous No.18892868]

>>18892763

Satoshi said in an e-mail to Mike Hearn, in 2011, "I’ve moved on to other things. It’s in good hands with Gavin and everyone." So Andresen giving a presentation to the CIA did not bother him in the slightest.

[Anonymous No.18892902]

>>18892868
It bothers us
In the years since satoshi left gavin was more and more subversive until he was removed.

Bitcoin is in good hands and whatever your angle is you need to try something else.

[Anonymous No.18892915]

>>18892532
Okay, but your flawed and cucked beliefs have nothing to do with the core philosphy of Bitcoin.

It's an electronic payment system. Or well, it's supposed to be,

Idk what the fuck the frankensteins monstercoin BTC is supposed to be, but it isn't Bitcoin.

[Anonymous No.18892956]

>>18892915
well you don't understand computers and networks
what was proposed in the white paper is impossible
>>18892404
even ted kaczynski knows this and he's anti-technology.

[Anonymous No.18892979]

>>18892605
>whereas BCH does have a thriving community.
No they don't.

It's full of infighting, and application development on top of the protocol is completely barren. It's a dead coin.

Meanwhile the BSV ecosystem is flourishing with new apps and use-cases developed every week.

[Anonymous No.18892997]

>>18892956
>what was proposed in the white paper is impossible
LOL the absolute state of coretards.

[Anonymous No.18893030]

>>18892902

If you think that Bitcoin is in good hands, read this.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.cjuafsypy

https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

https://medium.com/@johnblocke/r-bitcoin-censorship-revisited-58d5b1bdcd64

[Anonymous No.18893146]

it looks like bcashies had some child trauma or something
imagine fighting to death for a fucking block size
BTC can work perfectly even with a 300kB block, most of the tx are just unnecessary movements back and forth to exchanges
Now, do you really want to give up centralization to pay a fucking coffee tx?
A fucking shitty spam useless thx that the world could not care to store forever in thousand of copies all around the world
Fuck coffee tx on the chain
Wanna spam? Go ahead, use bsv, it will have a couple of nodes on amazon aws and that’s all
I want a full btc node on a fucking cell phone, this shit has to become so resilient that nothing could stop it, so I welcome very warmly even a smaller block size
And the fact that it’s hard to change even one simple parameter it ensures me that I’m in the correct chain, so I know that if some psyco liar wakes up in the morning in a bad mood is not gonna screw over BTC
FUCK CASHIES
ABSOLUTELY DELUSIONAL KEKS

[Anonymous No.18893180]

>>18893146

>Now, do you really want to give up centralization to pay a fucking coffee tx?

Explain to me what the point of Bitcoin is if it can't be used as a cash system? What is its intrinsic value? You hold it and do what with it? Gold is already a store of value in itself.

[Anonymous No.18893457]

Bch fees make up only ~0.03% of their block reward. Btc fees make up ~6%.
This number must go to 100% and much much quicker than many people realize. 95% of all Bitcoin are mined by year 2024. Bch and especially bsv are incredibly far behind on developing the fees needed to sustain the system.

How can bch survive without either a) DRASTIC exponential increase in users fucking pronto, or b) forking in permanent inflation for the miners

And if they do experience massive user growth, if you just make the block size bigger to accommodate then guess what, you're back to generating little to no fees again. Why would anyone pay a fee if the mempool can be cleared with every block?

Fees arise because users bid on limited block space. Its the only way to preserve the 21 million cap.

[Anonymous No.18893569]

>>18893180
That you cannot stop it, seize it, and you can move around continents without hoarding and shipping shiny metals
Again, fuck coffee tx and fuck 0conf
Bcashies arguments are retarded, muh risk management my ass, we are sending billions via btc tx, risk has to be ZERO
Wanna play around buying candies? Use a sidechain, use level 2, or even better do not use btc for this
Wanna scale? There are tons of projects with more centralization that offers crazy speed (thousands of tps) and real smart
Contracts, bch and bsv have literally zero reason to exists

[Anonymous No.18893643]

>>18887858
bcash and bsv Heretics will purged. But first roger ver will fall.

[Anonymous No.18893745]

>>18893030
>https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.cjuafsypy
When he sold everything it was worth $400. Proved wrong, good ridance.

[Anonymous No.18893765]

>>18893180
>Gold is already a store of value in itself.
Which is to be stolen on every border you try to cross.

[Anonymous No.18893815]

so i got a little tired of trying to talk some sense into people i will now join the coordinated effort into shitting on Ponzicoin while still profiting immensely from it!

[Anonymous No.18893832]

>>18893457

>That you cannot stop it, seize it, and you can move around continents without hoarding and shipping shiny metals

Almost nobody who invests in gold "ships metals." They buy it in vaults and it stays in vaults, usually in places like Switzerland or Singapore, where it remains perfectly safe. You can then buy or sell it with a click of a button, just like Bitcoin.

>>18893457

Hashrate is likely to migrate to BCH after BTC's halvening.

[Anonymous No.18893866]

>>18893457
>>18893765

>That you cannot stop it, seize it, and you can move around continents without hoarding and shipping shiny metals

Almost nobody who seriously invests in gold "ships metals." They buy it in vaults and it stays in vaults, usually in places like Switzerland or Singapore, where it remains perfectly safe. You can buy or sell precious metals with a click of a button, just like Bitcoin.

You can be tortured for your Bitcoin password, but you can't be tortured for your overseas gold holdings.

>>18893457

Hashrate is likely to migrate to BCH after BTC's halvening.

[Anonymous No.18894088]

>>18893866
>They buy it in vaults and it stays in vaults
Not your gold.

>You can be tortured for your Bitcoin password, but you can't be tortured for your overseas gold holdings.
Can't torture a mental seed. Your overseas gold can be 6102'd. You are specially globally cucked as a UStard.

[Anonymous No.18894098]

>>18893866
>Hashrate is likely to migrate to BCH after BTC's halvening.

[Anonymous No.18894179]

>>18894088

>Not your gold.

Switzerland would never hand over foreign investors' gold. If you seriously think this, you know nothing about the history or laws of the country.

>Your overseas gold can be 6102'd.

Executive Order 6102 did not apply to the holding of overseas bullion.

>Can't torture a mental seed.

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

[Anonymous No.18894242]

>>18894179
>netherlands
In America we have the right to protect our selves and property with assault rifles anon. The Netherlands? Not so much, or even at all if you are not in law enforcement.

[Anonymous No.18894370]

>>18894242

From the very article I cited: "In February of that year, New York City firefighter Dwayne Richards was stabbed in Willamsburg, Brooklyn, by muggers who demanded he transferred bitcoin to their digital wallets."