/biz/ - Business & Finance

[Anonymous No.19082397]

Hey biz, y'all have done me right in the short time we've known each other. Even you, sanjeet.

So I'm going to give back. Insider here. BTC will crash overnight with no survivors. AMA.

[Anonymous No.19082413]

>>19082397
How do you know and why will it crash?

[Anonymous No.19082541]

>>19082413
If pic unrelated, why sunglasses?

The reasons are many, so we'll go one at a time as anons gather for the chance of a thread without bots. Have you noticed the quantity of bots shilling BTC recently? That's not a reason, only a sign.

The first and foremost reason that BTC will crash is that it is Blockstream's mission to make it crash. We've heard countless anons with theories regarding what's happening behind the curtains, but what's been directly admitted is that segwit was known to be flawed and financially lobbied into the exchanges under the BTC label. Many anons here might share some screenshots of the discovery phase on that one - it was pretty big here.

Here's the insider scoop. The BTC label is a boomertrap. Governments are about to bail out individuals rather than industrial sectors in a faux bailout "for the people." This will be focused on student loan and mortgage repayment. The amount of money about to go into BTC is staggering, and anons who fail to read this or our subsequent posts will feel victorious for a time. In fact, you might ride this wave. Just know it's a deliberate bull-trap. The people will receive these bailouts in waves. The second or third waves will realize the opportunity to take out loans and buy into BTC - that one big thing the nerds said is recession-proof, and was the best performing asset in history every single year until Chainlink. Every single institution that has accumulated BTC for the past decade is collectively maintaining the price, and will allow a pump just as bailouts are announced. They will pump a bulltrap, and sell out their entire holdings into the new debt market. Their capital will fly into their chosen Layer 1 options, and the indentured masses will be holding bags with $20 tx fees on a shrinking network that no institution will ever touch again. And, it will never increase it's blocksize.

[Anonymous No.19082671]

>>19082541
To be clear, the important thing for anons here to remember is that BTC is the only unsafe bet. Even BCH will absorb some capital flight. But things like 0xBTC that are well known to niche groups will have their bull run before the market consolidates on a winner.

[Anonymous No.19082767]

>>19082671
>0xBTC
guess what i put in the options field

[Anonymous No.19082786]

>>19082767
noko

[Anonymous No.19082797]

>>19082767
WAT

[Anonymous No.19082819]

>>19082767
If you're holding XRP bags, they'll ride the bulltrap for the same reasons, but also have a nice pump from the massive tx rates generated by the institutional flight. (They just happen to be most entrenched at the moment.)

Great time to dump your XRP bags on boomers in a few months. Just wait till you hear about mortgage bailouts and sleep comfy. Thanks for telling me about link.

[Anonymous No.19082927]

>>19082819
This anon gets it.

[Anonymous No.19082951]

>>19082819

[Anonymous No.19083025]

Oh look another XRP Schizo /thread

[Anonymous No.19083060]

>>19083025
You could expound upon the virtues of another Layer 1.

Hitlera Hashgraph, perhaps? Or BSV? CKB?

[Anonymous No.19083149]

>>19082397
Insider of what?

What do you recommend we buy?

[Anonymous No.19083371]

>>19083149
1/1
I work at a small town bank outside a massive oil field. We deal in billions of dollars for a handful of people. I'm privy to conversation between skeletal old fuckwits who live on gain and pain. They have no idea how rich you've made me, and it's comfy knowing they think I'm invisible.

Moonshots are systems like Reserve, which are Layer 2 solutions to more complex monetary issues. A ton of old money is also dumb money, so they have their warnings and are exiting BTC, but they don't know crypto from their own assholes so they dive on good financial policy that relies on L2 technology that none of us would consider solid fundamentally, so long as it's available on Binance or other normie exchanges.

But we're here to talk about why there will be capital flight from BTC, from old smart money, and how to prepare. So I'll stick to L-1 solutions. Depending on your risk aversion, any Layer 1 is a safe bet. Even weird shit like Apollo. Capital flight works like a shotgun.

A lot of anons post schizo XRP stuff, and it's salient to a degree but isn't the whole picture. Ripple works outside the system, so for the time being it'll have it's day in the sun. But it's incapable of serving the vast majority of financial services in the world, which are private in nature.

L1 commentary to follow.

[Anonymous No.19083434]

>>19083371
So should I buy more link or what?

[Anonymous No.19083455]

>>19083371
2/2
I'm paying close attention to Praxxis, NKN, and BSV, given their pedigree. Of all the potential Layer 1 solutions, they're the ones incentivizing bandwidth - the global reserve will be a bandwidth optimized system. BSV has the strongest game theory in terms of optimizing storage/tx-rate/security, Praxxis has the greatest privacy and security, while NKN creates the most robust emergent network qualities.

Which brings us to the second reason BTC will fail: the underlying technology.

As the autistic ass clown craig says, the vision we all share for the blockchain is a distributed economy. The core thesis of cryptoeconomics is that a private key is the elemental unit of value, the elemental bearer instrument, of a connected system. Those in power know this, and will shift funds to subsidize the development of bandwidth intensive mining-farms, in much the same way BTC originally subsidized computation. (NVIDIA thanks us.)

The money involved today is making a specific effort to digitize the power grid. Mining locations in the current L1 architecture are only incentivized to seek low power costs, and the amount of funds dedicated to subsidizing bandwidth will be enough to equalize profits for miners that pay more for power in order to open information-dense geography. (For example, expect a mining farm in Japan. Something that would never happen in a pure compute = dollar system.)

This are the fundamentals that are scheduled to receive subsidy, and why BTC isn't in the running. The technical requirements for Internet 3's Layer 1 technology, in order to be acceptable by the financial elite, include: high transaction bandwidth, highly distributed topology, privacy to some degree, PoW.

>>19083434
Yes for fuck's sake buy more link. What board do you think we're on? These conversations are just for people who don't want their eggs in one basket. We all hold more link than anything else.

[Anonymous No.19083535]

Sigh just another LINK shill disguised as ‘insider’ shit.
Funny how you’ve literally shilled every /biz/ meme coin and not revealed anything under the radar. Also how is Binance anywhere near a ‘normie exchange’? I bet they could barely figure out Coinbase yet.

[Anonymous No.19083588]

>>19083535
Yeah agree anon. Old midwit boomers are starting to buy bitcoin rn, not selling it.

This is just camouflaged BSV shilling.

[Anonymous No.19083630]

>>19083588
actually it is 0xBTC shilling, there was a pump too
>>19082951
masons are low-tier elite group

[Anonymous No.19083677]

>>19083630
What do the the two interjoined triangles represent in the star of Solomon?

[Anonymous No.19083726]

>>19083455
Anon re-reading your post I see you were actually providing a ton of info here. Sorry for dismissing you as a shill. And thanks for this info.

[Anonymous No.19083734]

>>19082397
WRONG!
the opposite is about to happen
>>19083208

[Anonymous No.19083746]

>https://btcmanager.com/japan-sbi-holdings-xrp-share-dividend-shareholders/?q=/japan-sbi-holdings-xrp-share-dividend-shareholders/
>https://cointelegraph.com/news/japanese-financial-giant-sbi-holdings-considers-paying-dividends-in-xrp
>https://insidebitcoins.com/news/sbi-crypto-experiences-surge-in-bitcoin-sv-shares-amid-bsv-halving/257553

[Anonymous No.19083773]

https://www.youtube.com/watch?v=wmLNQ5WRF-o&t=1520

[Anonymous No.19084427]

>>19083371
>>19083455
>>19083773
You BSV kikes are trying to impersonate Melon. Melon confirmed in the deleted thread that LINK is obsolete and a distraction from XRP. Melon often discounted BSV
And finally, i know for dead sure Melon said he worked in the Treasury and Ripple in one his insider posts

You copy cat kikes need to fuck off and stop soiling Melons name