Bitcoin shitcoin

[Anonymous No.24482355]

Why is this legacy tech shitcoin just now being shilled by celebrities and hedgefunds?

The last time I used this shitcoin was to purchase some shit weed of the dark web in 2016, but now it has been replaced by Monero. Now it's basically useless.

[Anonymous No.24482422]

Butthurt shitcoin holder

look into what gives btc value over shitcoins.

[Anonymous No.24482430]

It's called "first to market" dip shit

[Anonymous No.24482441]

>>24482355
Dropped a long ago. It's a matter of when

[Anonymous No.24482470]

>>24482355
You see your address bar on your browser? You see the part that says http:// ? It's a complete shit and insecure protocol, in hindsight, but it got first dips and entrenched network effect. Next question

[Anonymous No.24482473]

>>24482430
I beat all these hedgefunds to the market though, does that make me a supreme hedgefund manager?

[Anonymous No.24482507]

>>24482470
fpbp

[Anonymous No.24482577]

>>24482470
That’s actually a really good point. Shit

[Anonymous No.24482599]

>>24482470
Idk what you're talking about. Mine says https.

[Anonymous No.24482651]

>>24482470
http:// actually has purpose though, unlike buttcoin

[Anonymous No.24482661]

>>24482577
Think deeper too. At first it was only http but everyone was like oh shit this wasn't built with security in mind, because anyone can eavesdrop on the connection between the client and the server.

So they came up with a way to retrofit SSL encryption on it, which is itself rather flawed. And violia, we have https.

All these "problems" with bitcoin will find resolutions if the pain is enough for people to throw capital and resources at fixing them

[Anonymous No.24482695]

>>24482651
>buttcoin

gtfo boomer

[Anonymous No.24482757]

Can someone knowledgeable about bitcoin answer a few questions for me? How does it bridge these problems ( as far as I can see em )

-You have people out there who have millions of bitcoincs, most of the bitcoins out there are in the hands of a few people, who can easily work together to manipulate the value of the coins to suit their needs in a way that would be grossly illegal.

-Bitcoin is a pretty slow transfer system and the minimum costs of making a transaction is pretty high. Doesn't this make it pretty hard for mundane civilian use?

I can see a world where large transactions are done through bitcoin, people who don't wanna pay taxes on their 100 million dollar building or whatever and don't mind it takes an hour for the payment to be fully verified. But how does this coin has a future as a currency for normies?

Thanks.

[Anonymous No.24482809]

>>24482651
not really, when was the last time you just typed in "pornhub" and it connected?

[Anonymous No.24482915]

>>24482355
>Why is this legacy tech shitcoin just now being shilled by celebrities and hedgefunds?
Because it's an exit pump (if they catch some rich idiots like Saylor it's fine too).

[Anonymous No.24482984]

>>24482757
It's not a currency for normies. It's going to be collatoral for the rich. Normies will just be exploited for transaction fees and hype surrounding the rise in price.

[Anonymous No.24482985]

>>24482757
normies aren't rich so what you're saying is unimaginably bullish

[Anonymous No.24483032]

>>24482757
- if the power law didn't apply to something, you should be suspicious

- there are ways to work around the transaction limits that people are working on. Right now, the solution is centered around having separate layers of the blockchain. That is, a separate layers that tracks the main chain and dumps its transactions on it at certain intervals in a more graceful and less clogging way

[Anonymous No.24483106]

Seethe more, shitcoin bagholder.

[Anonymous No.24483111]

>>24482915
This aint no exit pamp. Profit taking for whales, sure. This aint no dump tho, coins are moving off exchanges

[Anonymous No.24483172]

>>24483111
Wall Street wants to burn both bulls and bears, so that there are less leveraged positions. Its like a clean up of the market.

[Anonymous No.24483326]

>>24483172
I'm down. Hodlfag for life

[Anonymous No.24483405]

holy fuck, i love it. BTC is literally an IQ test, stay <90 coinlets

[Anonymous No.24483457]

>>24483405
still not buying your shitcoin

[Anonymous No.24483540]

>>24483457
When you and your loved ones are scrubbing the Citadel bathrooms, because of your failure to secure generational wealth, i want you to remember this moment.

[Anonymous No.24484125]

>>24482355

can't claim haircomb on anything but bitcoin

[Anonymous No.24484604]

>>24482355
BTC and XMR will coexist and will both moon

[Anonymous No.24484791]

To invest in POW today is like investing in Netscape .
Can't get more retarded.

[Anonymous No.24484992]

>>24482355
>cost to entry too high
>Too scarce

They just want in, they want you to sell for the transfer of wealth to occur.

[Anonymous No.24485089]

>>24482441
I use Bitcoin for chargeback protection and as proof that I've done a lot of business and am legit, because if I scammed someone, my address would show up on Google
In contrast, barely anyone accepts Nano and the other shit tokens shilled on that thread.

[Anonymous No.24485305]

>>24482651
we will all starve you boomers to death, too weak to be employed, no help will be provided to you, should have been smarter

[Anonymous No.24485428]

>>24482355
Mark my words, lightning will be the prominent dark net payment method within 3 years

[Anonymous No.24485696]

>>24483540
unimaginably based.

[Anonymous No.24485788]

>>24485428
lmfao
Dark net will never return to Bitcoin retard. Monero is king now.

[Anonymous No.24485885]

>>24483540
Kek dangerously based.

[Anonymous No.24485905]

No on /biz/ understands any of the technology behind bitcoin or its history. Don't bother.

[Anonymous No.24485952]

>>24485788
Not when cia can take advantage of free block space and spams transactions to become part of as many ring signatures as possible to deanonymize others
I would be more bullish on monero if they got rid of the adaptive block size to force transactions to a second layer that doesn't get stored forever, its the flaw that allows government to easily unravel the whole coin

[Anonymous No.24486013]

>>24485788
Monero could adopt LN anyway if it needs to, which it most likely won't ever need to because of tail emission, dynamic block sizes, and CSLAG

[Anonymous No.24486247]

>>24485952
spamming transactions would just create more decoys. Even if the CIA would have thousands of known decoys, how would the CIA know that other deep state agencies from other states aren't doing the same thing? The larger the anon sets, the more anon Monero becomes. And besides, the ring signatures are going to grow over time, and will very realistically hit triple digits next year with the upcoming ring sig update.
Also, you wouldn't be able to track transactions because of stealth addresses and obfuscated transactoin amounts.
>I would be more bullish on monero if they got rid of the adaptive block size
This is literally why Monero scales better than Bitcoin on the baselayer...
>to force transactions to a second layer that doesn't get stored forever
LN is vaporware right now. It is buggy and will likely become centralized and pozzed like everything else Bitcoin related if it wants to work in the long term. Further, to open a LN channel you record a bitcoin transaction at the beginning and end of your second layer. This is stored forever, and available for everyone to see. LN will never work on the dark net. Hell, any transparent ledger will never work on the dark net because of chain analysis. The technology is starting to catch up and that's why the switch to Monero is happening.
>>24486013
I have a feeling that Monero will simply adopt whatever option starts working for Bitcoin. Let those guys figure out the second layer problem while we refine our baselayer.

[Anonymous No.24486683]

>>24482355
>but now it has been replaced by Monero.
based, but im also scared that if by some miracle monero were to get cracked, it's value would plummet to 0

[Anonymous No.24486729]

>>24486683
The feds said they did, not even kidding

[Anonymous No.24486739]

>>24486729
maybe but probably not

[Anonymous No.24486747]

>>24484604
yeah what the fuck is this thread supposed to be, bitcoin will remain king as boomer as it may be but monero will damn well catch up to it

[Anonymous No.24486791]

>>24486683
would still be safer than Bitcoin, not like they'd turn it into BTC that's just taking a shit on your wound

also feds can do any retard fud they like, as a matter of fact i've seen a few glowniggers around XMR threads

[Anonymous No.24486824]

>>24486791
>would still be safer than Bitcoin
yes, of course it would, and better/more advanced
BUT normies will dump the price
but like i posted here >>24486739
the likelihood of that happening are basically nill

[Anonymous No.24486839]

>>24485696
For you guys that buy dips and never sell. Where do you get your income and what's the plan exactly? Are you just going to wagie forever and pass on your btc to your grandkids or something?

[Anonymous No.24486847]

>>24486739
Maybe it was a bluff to cause fud, they only put a 600k bounty on it, doubt anyone would do it

[Anonymous No.24486883]

>>24486847
one more thing thats interesting is that they are easing up on allowing exchanges to deal with monero, which might imply that they did find a way to crack it..

[Anonymous No.24486903]

>>24486824
think that's a matter of the general crypto fud that is pumping Monero's rise in the first place
let the normies give you more dips to buy because im not letting go

[Anonymous No.24486928]

>>24486883
source, king?

[Anonymous No.24486963]

>>24486883
actually it's the contrary.
they'll realize they can't directly track it, so by having KYC on ramps, they can at the least loosely track who is on ramping to Monero. They can also record all the metadata that people leave behind, and if the person is a target, the exchange can collude with feds and drop poisoned outputs to the target.

[Anonymous No.24486971]

>>24486839
How is gradually building up savings any different than say a 401k? It might be more "speculative" to nut away bitcoin, but most investors with a eye on caution don't want to lever up on lowcap coins, even for the possibility of an overnight 30x. The annual returns on bitcoin are still historically better than any asset class in a generation

[Anonymous No.24486979]

>>24482355
Most expensive dub sack ever

[Anonymous No.24487017]

>>24486928
here, king
ceo of an exchange, and he also helps with the making/writing of crypto regulation in estonia
https://youtu.be/8oXiGny6iQw?t=3044

[Anonymous No.24487020]

>>24486963
he gets it

[Anonymous No.24487037]

>>24486971
>How is gradually building up savings any different than say a 401k
It's not, which is my point I guess. It's just boring and only pays off when you're close to death and use it to replace your salary sheet a lifetime of working. That or pass it on to kids to piss away.

[Anonymous No.24487092]

>>24487017
i thought coinmetro was the one reputable exchange that wasn't KYC. the world around me is absolutely crumbling fuck the US

[Anonymous No.24487107]

>>24482470
hold my crown bro

[Anonymous No.24487143]

>>24486839
I'm in the military and get lots of tax breaks and salary and allowances, so I dump all my extra money into BTC so that when I get out I can just NEET it up. My investing time horizon is another 5 years or so but I'm already up way more than 100% on BTC alone.

Eventually I'll cash some of it out and put it into divvies and use that money for living expenses and save the crypto for intergenerational wealth or when I really want to splurge.

[Anonymous No.24487179]

>>24482473
>I beat all these hedgefunds to the market though, does that make me a supreme hedgefund manager?
Honestly yes. We just didn't have the reputation to raise funds

[Anonymous No.24487197]

>>24487092
I mean, its regulated so it has to follow regulations

[Anonymous No.24487230]

>>24482441
How fucking retarded do you have to be to think PayPal is fast in any way?

[Anonymous No.24488035]

>>24487230
paypal is a scam company

[Anonymous No.24488189]

why did gold pump? its a mostly useless rock. Its about the narrative and having a narrative and explanation to dump it on retail retards and normies, bitcoin has a better narrative and lot of retards know it

wouldnt touch buttcorns with a 50 foot pole after 2017

[Anonymous No.24489037]

>>24482355
> why are celebrities not shilling the shady cryptocurrency I use to buy weed?
> they are so out of touch!