Seething r/buttcoin nocoiners are brigading /biz/ with desperate fud

[Anonymous No.25451751]

In the future, holding BTC on the base layer and paying 0.0005 BTC transaction fees will only be afforded by governments and the wealthy elite.

Elites -> wholecoiners on the base layer
Upper class -> Deci-bitcoin (0.1 BTC) holders on the base layer
Middle class -> smaller fraction holders on 2nd layers
Underclass -> nocoiners

[Anonymous No.25451890]

>>25451751
based and Hal Finney / Nick Szabopilled

https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211
Hal Finney - 30 December 2010

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.
Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.
George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.
I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

https://twitter.com/NickSzabo4/status/1012373493252419584?s=20
Nick Szabo - 28 June 2018

My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.

[Anonymous No.25451964]

>>25451751
This but with doge

[Anonymous No.25451977]

>>25451751
Keep living in denial.
Whales will be laughing at the retards who fell for the golden bull run meme.

[Anonymous No.25452003]

>>25451890
Based, this guy was always living in the future.

[Anonymous No.25452007]

>>25451977
>posts the tether fud 49373 times today to reassure himself he wasn’t stupid for not understanding or buying bitcoin.

See you at 40K in a week

[Anonymous No.25452177]

>>25451977
>brigades the brigade thread with a r/buttcoin Tether conspiritard infographic
fucking kek, the absolute state of seething Buttcoiners. Uncharted levels of cope.

[Anonymous No.25452206]

>>25451977
Be more subtle next time. Everyone can tell what you're doing.

[Anonymous No.25452208]

/r/buttcoin and reddit grt bagholders, aka 'grt army' lol they thought a market pair was as easy to manipulate as /pol/, and have been around here newfagging and never being women for some weeks now. I hold grt, but hopefully it will go much lower, so the remaining faggits will also sell and never come here again.

[Anonymous No.25452309]

>>25451977
Ok, then answer this simple question: if tether is printed out of thin air, how is the last transaction back to usd possible in your pic?

[Anonymous No.25452386]

>>25452003
>was
>He does not know about the freezing tank in which Hal Finney lays dormant waiting to be resurrected in the future by greedy nocoiners wanting his stack.

[Anonymous No.25452421]

>>25451977

[Anonymous No.25452423]

>>25452206
Gentlemen, prepare your Citadels. When BTC hits $1m+ after a couple more block reward halvings, nocoiner rage will increase to dangerous levels. Some r/buttcoin cultists will chimp out.

[Anonymous No.25452446]

>>25452309
He can't answer because it's literally glownigger fud , if his image was true then it would be imposible to cash out for cash , yet cashing options keep growin and growing non stop.

I literally can cash for usd cash tax free now lmao.

[Anonymous No.25452746]

>>25452309
It's made possible by FOMOing retards like the ones on /biz/.

[Anonymous No.25452853]

How big is the moat gonna be around the citadel to keep these plebbit buttcoiners out? Hopefully big enough to keep them away while still hearing them cry on occasion after a hard day at mc’ds

[Anonymous No.25453088]

>>25451890
Reading this gave me chills. He predicted the future because exactly what he said is happening now.