/biz/ - Business & Finance

[Anonymous No.2459181]

>crashing the crypto world
>with no survivors

daily reminder this man is solely to blame for all the money you are losing right now

[Anonymous No.2459195]

>>2459181
I don't know a single person who doesnt hate this chink.

[Anonymous No.2459203]

What's his end game? Serious question.

[Anonymous No.2459207]

>mfw bitter chinese betamale would rather crash the entire industry than lose face

>mfw 40 billion dollar asset goes up in smoke because of one butthurt nerd

[Anonymous No.2459212]

>>2459203

>Sells
>FUDs
>Buys
>Backtracks

He knows his company's dominance is over so this is one last push to get even richer.

[Anonymous No.2459218]

>>2459181
Who is this?

[Anonymous No.2459224]

>>2459218
jihan wu , ceo of biggest mining cartel

[Anonymous No.2459230]

Who is this guy and what did he do?

[Anonymous No.2459240]

>>2459218
the richest man in the world

he is satoshi nakamoto

[Anonymous No.2459247]

what a horrible looking fucker

[Anonymous No.2459254]

>>2459218
>>2459230

the guy who thinks miners should become like the federal reserve and is stopping technological advances in Bitcoin because they don't allow him to centralize it

[Anonymous No.2459273]

>>2459254
didn't he say he wants to go ahead with segwit?

[Anonymous No.2459286]

>>2459273
he just came out yesterday saying he's going to hardfork btc and spend 3 days privately pre-mining his split coin

he went full retard basically

[Anonymous No.2459300]

>>2459273
After it's proven to be """""safe"""""

[Anonymous No.2459308]

He is literally destroying his own fortune because of his ego.

[Anonymous No.2459310]

>>2459181
He can go and suck a dick.
Can't wait too see him failing or someone killing him.

[Anonymous No.2459326]

>>2459286
jesus christ.

what is there to stop others from doing this for example litecoin, f2pool have 51% mining

[Anonymous No.2459332]

>>2459308

>tfw our one hope for freeing humanity from banker occupation is destroyed by a resentful chinese boy who doesn't want to share his toys

sad

[Anonymous No.2459338]

>>2459273
the consenys agreement was complete bullshit. They didn't even invite core developers to discuss it before approving it lmao. Literally a coup d'etat by "industry leaders" who think that because they have more money they should be in charge like goldman sachs manipulating the stock market. The deal either way was "approve Segwit, then let's raise the blocksize 2x". But Jihan doesn't want that, he wants "let's raise the blocksize, and then maybe we'll do Segwit". That's becaue Segwit eliminates a hack he came up with to mine with an advantage in secret, so that he can beat the competition. So he is paying some developers to come up with a way to enable Segwit and keep the hack he found and is using to make more money. Basically this man is destroying BTC because he wants more money although he's already probably a billionaire.
The good news is that once he fucks off bitcoin will be stronger than ever and become unstoppable.

[Anonymous No.2459348]

>>2459286
BUT ITZ DECENTRAULYZED

[Anonymous No.2459365]

>>2459348

let me guess, another Eth-head

your magic token is the most centralized of them all

[Anonymous No.2459372]

DUDE CRYPTO CURRENCY

DUDE FREEDOM FROM TYRANICAL GOVERNMENTS

DUDE YOU CAN MINE IT YOURSELF

DUDE IT'S COMPLETELY SECURE

DUDE BE YOUR OWN BANK

DUDE YOU WON'T GET JEWED

t. jihaned.com

[Anonymous No.2459382]

>>2459181

god these bitcoin miners look extraordinarily like gold farmers on world of warcraft

[Anonymous No.2459386]

>>2459218
Issei Sagawa

[Anonymous No.2459392]

Bitcoin should probably just fuck off right now and save everyone the hassle of watching it die a slow and painful death. Shit's fucked. Take way too long to transfer, expensive fees, has become centralized into Bond Villain lairs, no real leadership or cooperation. Fuck bitcoin.

[Anonymous No.2459397]

>>2459372

>expecting a 9 year old technology to solve all the world's ills in one fell swoop

we'll get there eventually, but it's not going to be fast or easy

[Anonymous No.2459410]

>>2459372
Ease off the keyboard before you get carpel tunnel syndrome on your hands you dumb faggot

[Anonymous No.2459413]

>>2459392
>he fell for the Roger propaganda
not even going to bother explaining you why you are wrong. I am simply going to point out that if Bitcoin dies, none of your shitcoins will survive. Ethereum is dumping just as much as bitcoin right now if you didn't notice, although Jihan has no influence on it.

[Anonymous No.2459423]

>>2459397
honestly what's the problem with using cash when you have instant transfers with things like circle,paypal and apple/android pay.
if i was to use cryptoCURRENCY it would be slow af.

The fact that you need electricity to excange money in person is a stupid concept

[Anonymous No.2459428]

https://youtu.be/bw9CALKOvAI

POP

[Anonymous No.2459443]

is this the bitmain dogeater?

[Anonymous No.2459449]

>>2459413
The total market cap is dumping in whatever way it can.
People or this Jihan fuck are taking billions in cash out of the system.
Bitcoin is the major entry/exit point for fiat conversions. If bitcoin just fucks off or more exchanges let people cash out from ETH or any other coin then bitcoins days are done.

People who don't like bitcoin still like alts but we're all forced to transfer alts into bitcoin before we cash out and vise versa. Remove that bottleneck and bitcoin is done.

[Anonymous No.2459500]

>>2459338
Which hack?

[Anonymous No.2459517]

>>2459449
>Bitcoin is the major entry/exit point for fiat conversions. If bitcoin just fucks off or more exchanges let people cash out from ETH or any other coin then bitcoins days are done.
that makes absolutely no sense you fucking retard. Doing that would only make it easier for people to cash out from ETH, making it more dumpable. Are you retarded?

>People who don't like bitcoin still like alts but we're all forced to transfer alts into bitcoin before we cash out and vise versa. Remove that bottleneck and bitcoin is done.
This is what happens when newfags try to understand crypto. Nigger you don't understand what the fuck you are talking about. Bitcoin isn't a bottleneck, it's a safeguard. All those alts rest on the security and the independence that Bitcoin gives, and which none of the alts have. The alts are merely speculative instruments to earn more crypto. None of them are actually used in the real world unlike Bitcoin. Even with the incredible price raises during this bubble, when you look at transactions, literally nobody is using alts besides for trading against btc. If bitcoin disappeared, literally the reason for the existence of alts would disappear and they would be worth $0. The alt with the most transactions is Ethereum, and when you look at it closer, it's all transactions to buy ICOs and almost nothing else.
Lurk moar before posting your filthy ignorance on my board, thank you.

[Anonymous No.2459527]

>>2459413
Alt coins will survive and prosper because they're not bogged down by diehards like the bitcoin miners. Alts can make deals with corporations, banks, governments and so on. Bitcoin has had a long time as the first to market to sort its shit out and it hasn't done so therefore its 'leaders' will either have to swallow their pride and decide the right way forward or it's doomed to failure.

Decentralized exchanges will be coming on line soon with unlimited trading pairs. What do you think will happen to bitcoin when nobody 'needs' it any more?

[Anonymous No.2459530]

>>2459517
*speculative instruments to earn more bitcoin

[Anonymous No.2459595]

>>2459527
>Alt coins will survive and prosper because they're not bogged down by diehards like the bitcoin miners
They don't need to, because altcoins are 99% centralized to begin with, so there's no power struggle there. When Ethereum goes POS and miners fork it to keep it POW you'll understand that eth miners aren't any better.

>Alts can make deals with corporations, banks, governments and so on.
Making deals with those people means centralization and federal reserve 2.0. Literally the opposite of what crypto was born for. Literally the opposite of what gives crypto value. Why would I use crypto when I can use mastercard, if all things considered they are the same thing except mastercard is faster? Lurk moar.

>Bitcoin has had a long time as the first to market to sort its shit out and it hasn't done so therefore its 'leaders' will either have to swallow their pride and decide the right way forward or it's doomed to failure.
Bitcoin is still the most technically sound crypto, despite what the propaganda says. You are literally spouting the kind of astroturfing that Jihan is paying for. You are literally his puppet right now. His idea is to convince people btc has failed so they will follow his shitty fork, and you are falling for it.

>Decentralized exchanges will be coming on line soon with unlimited trading pairs. What do you think will happen to bitcoin when nobody 'needs' it any more?
Decentralized exchanges may make transactions faster but in no way will diminuish the need for bitcoin or its higher value compared to other cryptocurrencies.

[Anonymous No.2459596]

>>2459517
>that makes absolutely no sense
It makes perfect sense. Bitcoin is being kept in this game because it's an entry/exit point. What do you care if eth is more dumpable? If people didn't have to exit from eth through bitcoin then eth wouldn't have mirrored bitcoin with this dump.

Almost all other projects are far superior to bitcoin. Bitcoin is a fucking shitfight and you know it.

[Anonymous No.2459607]

>>2459500
its called asic boost

[Anonymous No.2459624]

>>2459607
It's not hack, it's satoshi fail.

[Anonymous No.2459664]

>>2459423

- fiat is inflationary. USD is worth something like 4% of what it was a few decades ago. Not a good store of value.

- bank is on your ass when you want to deposit or withdraw too much cash. Why should you have to explain to others what you want to do with your own money?

- many countries trying to ban cash and enforce negative interest rates on bank deposits... shouldn't have to explain why this is sinister as hell

[Anonymous No.2459667]

>>2459596
>Bitcoin is being kept in this game because it's an entry/exit point.
That's absolutely retarded. Bitcoin is an entry/exit point because it is actually used in the real world to buy and sell shit. It's the only crypto that is actually used. Besides, this entry/exit point things is absolute bullshit. There's plenty of websites where you can buy shitcoins with fiat and sell them for fiat. Changelly.com is an example. You don't need to buy Bitcoin to cash out from crypto.
The only reason why this isn't possible for every cryptocurrency is a practical one. Most shitcoins don't have enough liquidity to make direct fiat trading viable. As I said, you are spouting astroturfing propaganda, probably unawaringly, but the fact you're so convinced about it just makes you sound retarded.

> What do you care if eth is more dumpable? If people didn't have to exit from eth through bitcoin then eth wouldn't have mirrored bitcoin with this dump.
That makes absolutely no sense you fucking idiot. First of all you don't need to buy btc to exit eth, so the argument is shit from the beginning. Secondly, if that were true, that would make cashing out from Ethereum more inconveniente and would therefore make it dump less, not more. Do you even into game theory and basic economic logic?

>Almost all other projects are far superior to bitcoin. Bitcoin is a fucking shitfight and you know it.
Ebin b8 m8 I r8 it 8/8. Maybe next time read up on the blockchain instead of parroting memes that make no sense.

[Anonymous No.2459671]

why does r/btc love this faggot?

[Anonymous No.2459678]

>>2459273
He is just stalemating to get higher fees.

The nightmare will be over soon and BTC will go $100000

[Anonymous No.2459703]

>>2459595
How centralized is Bitcoin?
Basically the whole market just got fucked because of Bitcoin and its stranglehold on the rest of the market, it's a fucking chinese mafia thug.
>the opposite of what crypto was born for.
And what's happening now with bitcoin then? Everyone's future prosperity and stability rests in the hands of a handful of people who hate each others guts and play out their power tripping games on twitter in front of the whole world?
>but in no way will diminuish the need for bitcoin.
The sooner the bitcoin core developers and the miners and everyone else who has a major stake realises that this isn't true, the sooner they can shit their pants and learn to work together the way they should be.
Fucking up a trillion dollar market to control a billion dollar market is fucking retarded.

[Anonymous No.2459729]

>>2459596
>It makes perfect sense. Bitcoin is being kept in this game because it's an entry/exit point.
Wrong. It's being kept in the game because it's the only true decentralized store of value.

All other alts have visible founders, potentially facing jail (Vitalik) with scammy origins.

BTC is the only coin that arised organically. The oldest surviving blockchain. No other ocin can ever claim those facts.

[Anonymous No.2459751]

>>2459667
>Bitcoin is an entry/exit point because it is actually used in the real world to buy and sell shit. It's the only crypto that is actually used
Innuendo for the fact it's used on DNMs which is how it was propped up in the first place

[Anonymous No.2459763]

god i hate chinese people

[Anonymous No.2459781]

>>2459729
And a fucking horse and carriage might be the first mode of transportation, doesn't mean they fit into the real world or have any viable use now.

>only true decentralized store of value
If it was truly decentralized we wouldn't be having the problems we're having now would we? People would vote for the best possible outcome but instead everyone's being played and fucked on by a shrimp dick chinese boy with lots of bitcoin.

Whales are fucking cancer.

[Anonymous No.2459787]

>>2459703
>Basically the whole market just got fucked because of Bitcoin and its stranglehold on the rest of the market, it's a fucking chinese mafia thug.
The reason the market exists in the first place and is so valuable is because of bitcoin. Saying bitcoin fucked it up just shows how much of an ignorant newfag you are

>How centralized is Bitcoin?
It is the least centralized crypto in existence. The reason why Jihan has to pay many millions of dollars, and has to try for a couple of years, and still hasn't succeeded in changing Bitcoin to fit its purposes shows exactly how decentralized it is. That's why Jihan has given up on taking over Bitcoin. Now instead he is making propaganda so people will abandon the true Bitcoin to buy his own "new bitcoin" that is centralized from the beginning. In this scenario Bitcoin remains strong and independent, even if Jihan tries to fuck it up.
> Everyone's future prosperity and stability rests in the hands of a handful of people who hate each others guts and play out their power tripping games on twitter in front of the whole world?
Not really, all you have to do is choose with your wallet. Use and trade the real bitcoin, and Jihan will immediately have to stop his efforts because he will go bankrupt.
>the sooner they can shit their pants and learn to work together the way they should be.
You contradict yourself. Nobody can work together with Jihan, because what Jihan wants goes against decentralizazion. It's like saying "bitcoin should work with the federal reserve so they are all happy with each other". It's bullshti and part of the astroturfing you clearly fell for.

[Anonymous No.2459800]

>>2459751
Monero, Zcash and Ethereum are also accepted and used in dark markets, so no, the point stands that it's not a necessary entry/exit point even from that point of view

[Anonymous No.2459804]

>>2459729
DCR?

[Anonymous No.2459812]

>>2459800
of course they are now but bitcoin was first to the punch

[Anonymous No.2459838]

>>2459812
well, if the point is that other cryptos dump together with bitcoin because it's the entry/exit point, then the point fails completely because they are dumping right now despite not needing bitcoin to cash out. As I said, the reason why before it wasn't possible was due to liquidity and nothing else.

[Anonymous No.2459841]

fuck these slanty eyed pricks. they can crash bitcoin if they want ill stay put

id rather die then switch over to some chink coin

[Anonymous No.2459863]

>>2459800
>dark markets
I'm talking about buying milk and bread. I don't give a fuck about dark markets, I can grow my own weed and shrooms.

Trading pairs is another big one. Bittrex for example, unless I truly am retarded, on Bittrex you're FORCED to buy alts with bitcoin and then trade them back for bitcoin when you want out of an alt. Why so few trading pairs? I know that there are other trading pairs but MOSTLY it's BTC/XXX and XXX/BTC. You can't deny that.

I wouldn't have had any bitcoin at any time except for the fact that I NEEDED it to trade.

[Anonymous No.2459866]

>>2459423
>what are private keys
>what are paper wallets

[Anonymous No.2459870]

people don't fuck around when it comes to money. people have been killed for a lot less money than this guy is fucking with. wouldn't be surprised if he disappears. it's a dark world out there

[Anonymous No.2459914]

>>2459781
The fact that we can't reach a consensus proves it's decentralized.

Decentralized doesn't mean democracy btw.

In any case, if you want to fight the power then run UASF BIP148 node and mine the BIP148 chain or stop bitching and complaining on forums because that is useless.

[Anonymous No.2459922]

>>2459870
Jihan is doing the common man a great service by keeping the prices down

Once he is removed from the equation bitcoin is going to the moon, at the very least it will absorb the market cap of 50% of the non-turing alts

[Anonymous No.2459957]

>>2459863
>I'm talking about buying milk and bread. I don't give a fuck about dark markets, I can grow my own weed and shrooms.
As ICOs on ethereum have shown, other cryptocurrencies are not stable and secure enough for people to use them in their daily life.

>Trading pairs is another big one. Bittrex for example, unless I truly am retarded, on Bittrex you're FORCED to buy alts with bitcoin and then trade them back for bitcoin when you want out of an alt. Why so few trading pairs?
That's not true, there are other markets. Especially when it comes to ethereum, there's plenty of trading pairs with ERC20 tokens. You can understand why by comparing shitcoin/BTC and shitcoin/ETH orderbooks and see how they differ. There's less of them because of LIQUIDITY. Exchanges earn money with fees. If there's little liquidity, they have no interest in adding a trading pair. If you are so butthurt about this then you should just go all in into Bancor, since that's what they are trying to fix.
It seems to me that you don't own bitcoin and are just butthurt nobody is doing the same things you do.

>I wouldn't have had any bitcoin at any time except for the fact that I NEEDED it to trade.
The thing you newfags don't understand is that the reason why trading between shitcoins and BTC has always been so that people can accumulate bitcoin. With your retarded ideas that alts will dominate the world you are only headed towards losing money. That kind of thinking could have worked for you during a speculative bubble run, but it won't work in all the other 99.99% of instances.

[Anonymous No.2460026]

a real tweet

[Anonymous No.2460032]

>>2459181

When he hardforks, whoever goes the other way is probably going millionaire or breaking for good, but go with him and you can only break for sure

[Anonymous No.2460049]

>>2460026
> Doesn't want you to hodl

Hmmmm, what to make of this?

[Anonymous No.2460058]

>>2459195
spend some time on r/btc.

apparently usaf is being unreasonable and stupid.i dont even like crypto but im mining just to stick to china.
#fuckchina

[Anonymous No.2460079]

>>2459787
Is everyone on this board pro segwit and LN and core then?
I'm new

[Anonymous No.2460101]

>>2460079
>>2460079
90% of the btc community is, so that's probably true for this board as well

[Anonymous No.2460102]

>>2459957
Alts are projects that have dedicated teams working TOGETHER to solve a problem.
I see alts as the workers that will actually bring cryptocurrency to life in the world far more than bitcoin has done. Bitcoin is like gold that's still in the ground, alts are the trucks and smelters that make the shit usable. Without alts, bitcoin would remain as it is, very low market cap, no real penetration into the real world ($30-50b is still peanuts be real) and extremely low functionality.

tl;dr It's a fucking drag on cryptocurrencies and it's only a matter of time before the flip happens and ETH or something else is more widely accepted and actually implemented into everyday life for every day people.

[Anonymous No.2460117]

>>2459218
Shigeru Miyamoto

[Anonymous No.2460139]

>>2459410
-lost a shit load in btc this week cry more fagget

[Anonymous No.2460140]

>>2460079

we're all segwit supporters of the alt-bitcoin. if that bitcoin supremacist satoshi "hakamoto" nakamoto (his real name before his family changed it when they emigrated to japan) doesnt disavow his endorsement by /r/ethtrader, i and everyone i know will be blocking a highway on the next #DayOfRage.

[Anonymous No.2460161]

>>2460102
>Alts are projects that have dedicated teams working TOGETHER to solve a problem.
Bitcoin too. The difference is that on BItcoin there's hundreds of contributors whereas most alts have one single developer, or a dozen in the best cases. Can you please stop spouting bullshit? You've already been BTFO on all your points but you keep reitarating and it's just pathetic.
>I see alts as the workers that will actually bring cryptocurrency to life in the world far more than bitcoin has done
AHAHAHAHAHAHAHAHAHAHAHAAHAHAHAH
*inhales*
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
I guess that's why literally nobody is using them except to accumulate bitcoin lmao
>Bitcoin is like gold that's still in the ground, alts are the trucks and smelters that make the shit usable. Without alts, bitcoin would remain as it is, very low market cap, no real penetration into the real world ($30-50b is still peanuts be real) and extremely low functionality.
ok at this point it's clear you are just b8ing. I've already explained to you why this is completely wrong, so I am not going to waste my breath repeating the same things.

>tl;dr It's a fucking drag on cryptocurrencies and it's only a matter of time before the flip happens and ETH or something else is more widely accepted and actually implemented into everyday life for every day people.
t.astroturfer paid by Roger Ver

[Anonymous No.2460171]

>>2460102
What happened to Bitcoin merging and adapting all alt coin innovations?

[Anonymous No.2460187]

So once BIP148 is activated, Jihad Wu is out of the picture yes? I hate that chink.

[Anonymous No.2460188]

>>2459218
Kenji Fuyutsuki

[Anonymous No.2460206]

>>2460161
>AHAHAHAHAHAHAHAHAHAHAHAAHAHA>HAH
>*inhales*
>AHAHAHAHAHAHAHAHAHAHAHAHAHAH>AHAHA
oh you're that guy. yeah nevermind cockbreath, you clearly can't take your head out of your ass long enough to catch your breath and realise that bitcoin, with it's hundreds of contributors has become a steaming pile of shit because you got outplayed by the chinks. Good luck with the fork.

[Anonymous No.2460210]

>>2460187
bip148 will probably fail

[Anonymous No.2460220]

>>2460171

Haven't you seen The Huffington Post article? A psychology expert analyzed Satoshi Nakamoto and determined that over 90% of what he says is a lie. All he cares about is his ego, my grandfather who lived through the 2013 bear market said this feels just like those times.

[Anonymous No.2460228]

>>2460171
lol they can't even colour in every box on a spreadsheet, as if they'd
>adopt all alt coin innovations

[Anonymous No.2460243]

>>2460206
>literally no argument
>"hurr durr I'm right and you're wrong"
>literally parroting Jihan's propaganda, probably a literal paid shill, thus proving he knows literally nothing about blockchain
>a completely ignorant retard goes around telling people which technology they should consider good and which one they should consider inferior

really makes me think anon

[Anonymous No.2460250]

>>2459372

>WON'T GET JEWED

Me chinese, me play joke, me hardfork bitcoin up in smoke

[Anonymous No.2460252]

>>2460220
Youre not funny

[Anonymous No.2460283]

ugh ugh

[Anonymous No.2460286]

>>2460252

Oy vey, you don't joke about the holocaust!

[Anonymous No.2460313]

>>2460101
Lol?

https://coin.dance/blocks

Got some strong signalling there...


There's totally support for segwit2x, but since blockstream declined the invite they don't wanna even touch that.

[Anonymous No.2460314]

>>2460286

[Anonymous No.2460345]

>>2459500
https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f

[Anonymous No.2460346]

>>2460313
>Got some strong signalling there...
Mining power doesn't represent users. This isn't 2010. How new r u?

>There's totally support for segwit2x, but since blockstream declined the invite they don't wanna even touch that.
They didn't decline the invite. They were invited at first, but then Jihan complained so they were disinvited.

>There's totally support for segwit2x
There isn't. It was a shit deal to begin with. Segwit supporters want to enable Segwit first, whereas Jihan wants to double the blocksize first and only after, maybe, enable Segwit. If he really wanted Segwit2x he would have immediately signalled for it, instead of paying a couple of developers to try and come up with a different version of Segwit that preserves his asicboost. How you niggers can defend someone trying to screw over everyone else for his own personal profit beats me.

[Anonymous No.2460372]

>>2459218
Hiroshima Nagasaki, the founder of 4chan

[Anonymous No.2460376]

>>2459922
jihan is doing nothing except trying to get rich through shady means. he didnt even find asicboost it was patented by two other people but china dont play by the rules when you arent chinese.

you may trick the retards but we see through your bullshit.

[Anonymous No.2460399]

>>2460243
You haven't answered jack shit because you refuse to see things any other way just like every other bitcoin maximalist.
Trying to insult me on every one of your posts isn't having much effect either except that it shows you're not willing to have a proper open minded discussion.
>hurr durr muh bitcoin number 1
>hurr durr will always be on top
>hurr durr the crypto world can't survive without bitcoin
You're wrong m9, if you'd actually take a look at what the fuck is really going on you'd see ethereum foundation btfo bitcoin on a daily basis when it comes to actual implementation and usage, meanwhile the bitcoin maximalists like yourself are getting btfo by Jihan and his 50,000 ASIC rigs.

You can remain as you are and the world will move on without you, it's no biggie really, you just have to accept the fact that the world didn't NEED bitcoin and the world doesn't NEED bitcoin. Your attitude is just like the bitcoin crowd and this is why you'll forever be infighting and fail to evolve. Keep playing with blockchains in your garages and warehouse, it's cool. Meanwhile ETH is signing up Toyota, Samsung and pretty much every major company in the fucking world in record time.
>probably a literal paid shill
I fucking wish but sadly no. I just see the writing on the wall like so many others. Don't all you bitcoin maximalists ask yourself why ethereum foundation and vitalik has just met with every fucking major company in the world, the Chinese and Russian President while you jokers have been bitching at each other about whether to increase blocksize or not? You guys missed your chance to off Jihan and now it's too late, the world doesn't fucking TRUST bitcoin.

[Anonymous No.2460422]

>>2460399
Ah, you're one of those eth retards. It all makes sense now. I bet you don't even understand Ethereum and you're just some bagholder

[Anonymous No.2460465]

>>2460422
We're all bagholders aren't we, whether it's btc, eth or any other coin. Did you cash out like the chinks?

[Anonymous No.2460470]

>>2460399

>you just have to accept the fact that the world didn't NEED bitcoin and the world doesn't NEED bitcoin.

The world needs blockchain based currency a hell of a lot more than it needs "dapps".

[Anonymous No.2460521]

>>2460470
pic related

[Anonymous No.2460557]

>>2460465
I cashed out enough fiat where I shouldn't have to worry about money ever again, but I do hold some btc still. It will be interesting to see where Bitcoin stands 5 years from now. Your obvious eth shilling is cringy. Eth has worse scalability, is less secure, and more centralized than Bitcoin. Muh "signing up with Toyota/Samsung" is not an argument for why Eth is better than bitcoin, and neither are any of the other arguments you made. If you bought into eth above $100 then you're going to get burned if you hodl

[Anonymous No.2460571]

[Anonymous No.2460594]

>>2460557
I took the advice of the warnings that were plastered everywhere and only put in what I'm willing to lose. Got eth at $100 and 4x it on dgb. Now holding eth and watching the market return to normal.
I realise my arguments aren't technical in nature sure but if we're talking about who's going to come out on top, eth will have/already has a significantly larger brains trust by doing what they're doing. Improvements will be made quickly and efficiently because it's focussed on business instead of ... whatever bitcoin was focussed on.

[Anonymous No.2460601]

>>2460399
most of the writing on the wall is indicating that a turing complete blockchain is more of a headache than an asset right now and that it will be that way for the forseeable future

Yeah it's cool that you can trade brazilian bananas for swedish fish but you still have to rely on oracles and a bunch of other non-crypto tech to make that happen, even on ethereum

If there really is a market for making those trades, then at this point it is much faster and more secure to just set up a restrictive blockchain between those two assets that doesn't require a decades-worth of security testing

[Anonymous No.2460612]

>>2460521

I never said eth wasn't interesting or potentially useful but all the low-IQ low-information people on biz shilling eth pisses me off. Eth isn't money and it's not a replacement for bitcoin because they don't even serve the same purpose.

[Anonymous No.2460644]

>>2460399
>unironical ethcuck
lmao

*** will be x10000 better than Shitereum anyway (yeah, I censored it because no way I am going to give investment tips to a literal retard who fell for the Ethereum marketing talking points)

[Anonymous No.2460699]

>>2460644
keep hating m8. If btc core can come to some agreement then great for you and btc supporters. I just have my doubts that they will because the current impasse has been going on for so long and literally everyone wants to murder Jihan. I don't have any further opinion on it. Good luck, I mean that sincerely.

>>2460612
I'm not balls deep into ethereum but it does have some compelling aspects to it and it's definitely got the worlds attention. Aeternity looks good too if they can pull off the oracle they're planning.

[Anonymous No.2460713]

>>2460594
>Now holding eth and watching the market return to normal.
Do you actually think these eth prices are normal and not significantly overvalued due to misinformed people like you? Even most of the devs have liquidated the majority of their eth

>I realise my arguments aren't technical in nature sure but if we're talking about who's going to come out on top, eth will have/already has a significantly larger brains trust by doing what they're doing.
What even the fuck are you talking about? Etereum is far less secure and far less trusted than bitcoin. Ethereum is essentially a dictatorship

>Improvements will be made quickly and efficiently because it's focussed on business instead of ... whatever bitcoin was focussed on.
Again, what even the fuck are you talking about? Most of ethereum's issues, such as scalability, have no immediate fix on sight. Ethereum is focussed on "dapps" and ICO scams. Currently it's only being used for ICO scams. Bitcoin is focussed on being a secure decentralized currency.

[Anonymous No.2460718]

>>2460699
there's a smart contracts project coming up that will make Ethereum useless and redundant. Good luck holding your bags when that happens

[Anonymous No.2460735]

>>2460713
he'll never get it. These people think crypto has value because "I can move money electronically" as if that doesn't happen already with traditional money. They don't understand what crypto is.

[Anonymous No.2460736]

You all sound like retards arguing over which stock to trade while the pros trade the ES, DAX and eur/usd with 50x leverage.

[Anonymous No.2460743]

>>2460699

>it's definitely got the worlds attention.

it has the attention of normies who feel like they "missed the boat" on bitcoin.

Funny that their objection to bitcoin was that it was used by drug dealers and terrorists, meanwhile the most potent application of dapps are decentralized drug markets.

[Anonymous No.2460761]

>>2460372
I thought he founded Reddit? Or was that Moot?

[Anonymous No.2460776]

>>2459203
I think the hard fork is just a way to concede defeat whithout losing face, you know what chinks are like.

In a way he's doing Segwit supporters a favour for once.

[Anonymous No.2460788]

>>2460776

i don't know about that theory. what is he going to do... mine his own chain for 3 days (losing millions) then abandon his chain and come back to work with everyone? seems unlikely.

either he loses face or he burns his business to the ground mining a dead coin.

[Anonymous No.2460805]

>>2459671
I'm guessing /r/btc is mostly miners, paid shills, maybe with a couple of confused people thrown in.

[Anonymous No.2460815]

If the chinks don't win and they aren't the primary miners anymore will most of the miners be in USA?

Then with all the power in the US the miners could be forced to impose regulations on bitcoin

[Anonymous No.2460816]

>>2460788
I think he would rather the latter.

The Chinese are insane about this stuff.

[Anonymous No.2460827]

>>2460788
he does what he did, price plummits, he buys up more then signals segwit at the last minute.

[Anonymous No.2460851]

>>2460827
This sounds plausible.

[Anonymous No.2460863]

>>2460851
>>2460827

so then btc has a systemic problem where miners can just keep lying about their intentions and shorting. In the end he's killing the coin anyway, even if it recovers from this particular instance.

[Anonymous No.2460877]

>>2460863
That's not unique to Bitcoin. Anyone can spread FUD and short any unregulated asset.

[Anonymous No.2460880]

>>2460761
No, it was Bill Gates, he built it in his garage

[Anonymous No.2460881]

>>2460851
crassic ching chong bing bong ding dong dubber bruff.

[Anonymous No.2460932]

>>2460863
yeh, and either way he makes more money to pour into more hashing power to make more money to pour into hashing power etc

if you follow the current news, his twitter, various bitcoin core team members, you can clearly see his selfish, distorted view on things. Basically every move he makes is all about profit but under the guise of "honor" to pull in people that dont understand anything about whats going on.

[Anonymous No.2460953]

>>2460863
also id like to add, this sort of thing wont happen all the time. so sure, people lie, but if everyone moved to uasfbip148 he would be shout out of luck. i dont see it happening though, too many people see it as complicated and not complex.

[Anonymous No.2461072]

>>2459348
I guess you don't realize that forking and competing currencies is the best thing for the crypto space in the long run. If we had this option "in the real world" out economic and monetary system would more robust.(((They))) don't want competing currencies. Its easier for them to control, and extract resources from the monopolistic system currently in place.

[Anonymous No.2461091]

>>2460713
In all honesty I think almost everything is severely undervalued. I see crypto as a multi trillion $ market in under 10 years. >>2460743
Really you should be a bit more grateful to eth for bringing a hell of a lot of attention to the market, if only for your own gains from newcoiners.
>>2460735
Actually moving value across border is extremely valuable to me. I transfer upwards of $10k to hongkong each month to my supplier and bank fees and the abysmal tx rates are completely fucked. Just wait until further adoption takes place and businesses realise they can save hundreds of thousands a year. This is still a playground. Can't wait for AliPay to push something on all the chinese factories, there's a few trillion a year right there.

>>2460718
good thread OP, hope I didn't get on your nerves too much. Overall I'm optimistic no matter what comes next will likely be a bump in the road.

[Anonymous No.2461108]

>>2461091
>Really you should be a bit more grateful to eth for bringing a hell of a lot of attention to the market

why should i be grateful? normies rush in with FOMO, buy shit they don't understand, create a bubble, and then rush out as soon as they see a hint of red, crashing the entire thing and shaking confidence for months or years.

[Anonymous No.2461122]

>>2461108
And in a few weeks or months time they'll learn the same lesson we all learn. It just keeps coming back to ATH and they were stupid to sell.
Onboarding 4 billion people is going to have its growing pains.

[Anonymous No.2461146]

>>2461108
you should be grateful because alot of people saw it coming to the point of banking on it.

[Anonymous No.2461188]

>>2460735
this is always the response to people that criticize the eth business model:

>they don't understand blockchains!
>they can't see what the future will look like!
>they don't understand that ethereum is more advanced than bitcoin!

>>2461122
it will certainly reach its ATH again, but that doesn't mean it is worth its price or it's smart to buy it right now

What does ETH offer beyond BTC? ERC20's. I guess that's a huge space if you are trying to sidestep capital regulations, maybe it's worth $350 a coin, I don't really know how much capital was suppressed by current regulations.

But most people are investing in Ethereum because "it's the M$, toyota, JPMorgan" blockchain and is "poised to move into every sector" when both of those things couldn't be further from the truth. And both of those lies are propagated by its leader.

[Anonymous No.2461293]

>>2461188
Why is anything worth its price? Should I care that a lot of people are using a lot of electricity to keep a network running? No. I care because like bitcoin, it's become a storage of value and I'm able to transfer it cheaply and quickly to whoever I want anywhere in the world, just like btc.
If my supplier wants to get paid in fucking mooncoin then I'll buy mooncoin and send it because it's still going to save me money on bank fees and exchange rates, plus it's 2 days quicker, even if it is a shitcoin.
The functionality of it is what's important to me and knowing that other businesses are using it too which adds stability. I really wish that bitcoin had progressed to this point by now but it just hasn't and I can't see it doing so because it's being superseded by something else.
They all have their place and it's an evolving technology which is why I don't see a rosey future for bitcoin, it's too slow to evolve or it has been. I hope it does adopt good innovations and improves but ironically it's a bit late to the party.

[Anonymous No.2461311]

>>2461293
>Should I care that a lot of people are using a lot of electricity to keep a network running?

yes actually, because it increases security.

[Anonymous No.2461327]

I don't understand the lack of concern over a BTC hard fork in this thread. Especially the posts that claim it will be a victory for users and the end of chinks. The best case scenario is no one signals UASF and nothing happens. The worst case scenario is the hashing power remains in China while the USAF fork becomes unusable and plummets in value. That is a terrifying scenario, but no one here is concerned? Instead people are shitposting about BTC vs ETH?

[Anonymous No.2461413]

>>2461311
Ironic that the requirement of cheap electricity to improve security has given rise to the current situation ie; developing countries owning the network because they're the only ones that can afford to operate it lel

[Anonymous No.2461456]

>>2460736
>50x leverage
90% of retail traders lose 90% of their holdings in 90 days. I ain't fucking with money I don't own. Have fun with that.

[Anonymous No.2461504]

>>2461327
Newer people want BTC to fail and want ETH to rise. BTC will crash the market and cause a dip, which is fine with most people at this rate. I already cashed out last week in expectation for the market to crash several times before August. It's going to get ugly. We'll probably see BTC <1500 and ETH <100. It'll be a perfect time to buy the dip, tho.

[Anonymous No.2461620]

>>2461108
This post sums up the scam that is eth

[Anonymous No.2461696]

>>2459181
>>2460026

[Anonymous No.2461742]

who is this guy and why is the decision his alone?

[Anonymous No.2461877]

>>2461742
because he invested a shit ton of money into securing the bitcoin blockchain and thus has a lot of control over it.

[Anonymous No.2461889]

How the fuck are a bunch of chinks in control of bitcoin? I hope the state fucks them in the ass.

[Anonymous No.2462037]

>>2461889
Because China subsidizes electricity prices so the big smart money but giant bitcoin farms there.

[Anonymous No.2462054]

>>2462037
decentralizing in china was pushed by the tel aviv chapter with great success.

[Anonymous No.2462102]

>/biz/ falling for /r/bitcoin FUD
>being FOR SHITWIT

[Anonymous No.2462107]

>>2462037
>>2462054
Bitcoin should be a western coin. Fuck China holding our coins hostage.

[Anonymous No.2462127]

>>2460601
this. you said it.

i say that for over 1.5yrs on this retarded board.
everyone can start their own blockchain.
i can use ethereum-like piss without begging ray nerdovich to buy his eth gas or how they call that piss. every big player can start and use it. fuck ethereum!

[Anonymous No.2462159]

>>2462102
fuck off jihan

[Anonymous No.2462177]

>>2461188
>>2460713
>In the year 2020 1 BTC is worth 0.14 ETH.
>I-it's a scam guys. Don't you get it, back in 2016 they reverted a big theft because the community voted to do it. This shows that the ethereum foundation is an evil dictatorship. They're probably paid by the banks. They could take your money at any moment.
>ETH might have become a super fast and effective currency due to all those companies producing technological innovation in the ethereum space to improve their own products, which directly improved ETH. But BTC is better because not coming to a consensus about anything and taking 5 years to make a single change is the mark of a truly decentralized currency, therefore btc is better than eth despite being technologically inferior in every way. You should switch to btc before it takes back its rightful place, any moment now.

[Anonymous No.2462244]

>>2462177
nobody likes china. nobody likes the idea of making some spoiled chinese turd rich. theyll go to ETH just out of spite.

i look forward to the bountiful eth shilling threads, in fact, i welcome them.

[Anonymous No.2462282]

>>2462244
hell, i even stopped eating chinese food. they ruined my planet, they cheated in my games, now they want to fuck with my assets.

not on my watch.

[Anonymous No.2462771]

>>2459671
Because reddit is mostly for faggots and liberals. Assume people are being paid and or pushing an agenda. Reddit is a cancer upon the internet

[Anonymous No.2463349]

>>2459181
cool dude im up 6.6 btc in 24 hours

[Anonymous No.2463401]

>>2459286
Crypto newfag here, how do we fuck him over so he goes away? Or are we fucked?

[Anonymous No.2463429]

>>2463401
he has more money than you will ever even think about, you are his bitch

[Anonymous No.2463457]

Should I transfer my assets from Poloniex to another exchange? Convince me Biz. I'm starting to think Poloniex is owned by alien level bots.

Where is the best market?

[Anonymous No.2463480]

Can someone explain this to me?

Jihan has a lot of hashing power, and wants to continue to use asicboost and make money, he also crashed the price so he could buy a lot at cheaper prices

blockstream wants them to adopt segwit, and theres supposed to be corporate interests in it, like how bitcoin core is all paid by block stream? Is there any truth in this?

[Anonymous No.2464324]

(((do opposite of what biz says)))

yall niggas postin in a mossad thread

[Anonymous No.2464370]

>>2460372
top covfefe

[Anonymous No.2464382]

>all that money and he still hasn't put a couple grand into fixing his teeth

[Anonymous No.2464697]

>>2460220

(((huffington post)))

man im glad i spent some time on /pol/ before i got to biz. its like where They Live glasses on here.

[Anonymous No.2464761]

>>2460571

who in the jidfUCK made this

[Anonymous No.2464796]

>>2459181
>chink
>man