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/biz/ - Business & Finance

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24765976 No.24765976 [Reply] [Original]

>Source
> https://www.google.com/amp/s/www.fool.com/amp/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/

Genuinely not FUDING. I own some. I just want to gauge the bullshit of this article.

>> No.24766068

>>24765976
Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV) are clones of BTC.
In order to increase the supply of the original Bitcoin another clone would have to be created, but the original would still exist, and just because such clones exist doesn’t mean people will use them or value them over BTC.

>> No.24766119

>>24766068
wrong BSV is bitcoin

>> No.24766130

>>24766068
Couldnt miners agree to a supply increase and force it through? CZ has already hinted at there being a cartel that could force revisions on chain, though he was apparently talked out of it because of the shit storm it would cause.

>> No.24766142

>>24766068
BTC is literally one of those clones lol

>> No.24766143

>>24765976
you not gonna listen to tech illiterate brainlets right?

>> No.24766167

>>24766119
>>24766142
lolno you bottomfeeders never learn do you?

>> No.24766169

>>24766143
I certainly don't think I should lol

>> No.24766243

>>24765976
Theoretically members of the Federal Reserve could come out tomorrow and explain to the masses that the monetary system is just a banking cartel to rob them of their purchasing power slowly over decades, they are sorry for their parasitic actions, and that people should call their Congressman and urge them to default on all Federal debt and to pass the competing currencies bill that will separate the money supply from governmental control. Then the value of a dollar would drop to nothing. I mean it's possible that Fed members could do that. BIG THINK MOMENT WOAAAAHHHH.

Joking aside that's probably more likely than the scenario in that stupid article.

>> No.24766258

>>24766068
the current BTC is an actual fork, it isn't one of the original ones
OP is right which is why long term ETH is going to flip

>> No.24766265

>>24765976
>it's not out of the question
but it is out the question, people just wont use that shitfork

>> No.24766290

>>24766243
i mean its technically correct with overwhelming community support the protocol can be changed its just you will barely find two tards on this planet that would support this nonsense let alone a majority consensus

>> No.24766293

>>24766119
hahahahahahahaha

>> No.24766310
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24766310

>>24765976
>Here are 10 reasons why

>> No.24766314

>>24766258
bitcoin is the original one the only fork that carries the nakamoto consensus unbroken from genesis

>> No.24766364

>>24765976
0xBTC is the only PoW coin with an immutable supply.

>> No.24766417

>>24766314
wrong. lurk more
not to say that bitcoin core (BTC) isn't supposed to be more valuable, it is. however, this jsut goes to show that the protocol is whatever people decide the protocol to be. there is no telling that once we start getting rewards orders of magnitude less than tx fees that this will continue so, and then the whole scheme fails
>>24766364
correct. enjoying the hash rate increases? looks like others are finally taking notice.

>> No.24766612

>>24765976

The amount of copium in that post is delicious.

>> No.24766651
File: 502 KB, 1987x3131, __lyn_fire_emblem_drawn_by_ormille__a94cb5e488813329f1880cc4612d1460.jpg [View same] [iqdb] [saucenao] [google]
24766651

This makes me want to buy more bitcoin.

>> No.24766658

>>24766612
Glad that most anons agree

>> No.24766759

BSHA3

>> No.24766831

>>24766759
Trying to get on the BSHA3 top 100 richlist.
If they get the chain going huge potential

>> No.24766839

>>24766364
>Miners don't take care of any transaction
>Paying gas to mine

>> No.24766883

>>24765976
Yes the miners could all vote to increase the cap beyond 21 million.
Then the price would tank as people would sell into something else.
And all that precious mining hardware they sunk millions into would suddenly not be so profitable anymore.
Look at BCHABC for hints about what happens when you jack around with peoples money.

>> No.24767010
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24767010

>>24765976
All you should worry about is if you have enough Fuse in 2021.

>> No.24767463

>>24767010
Go away, pajeet.

>> No.24767489

>>24766759
What other project uses has https://bitcoincore.org/bitcoin.pdf as their white paper. I can think of 1 (OP related)

https://github.com/bsha3-community/bsha3-lwma

>> No.24767658

>>24765976
kek looks like the work of a boomer. just wait until they find out about Kleros arbitration

>> No.24767770

>>24766130
Shitstorm aka fork.