Bitcoin is a meme

[Anonymous No.25870560]

>Transactions are slow, could take hours
>Transaction fees make small transactions prohibitive
>Only use as a currency is buying drugs, but clear transaction record
>No charge backs for fraudulent transactions - make a mistake and potentially all your money is irretrievably gone
>Fewer and fewer bitcoins as people lose them, die without sharing key, etc
"Muh store of value"
>Value randomly fluctuates, huge shifts daily
What you actually mean is, you buy it, hoping it will go up in price. That's not a store of value, it's a ponzi scheme.

Imagine you move some of your money from your cold wallet to your hot wallet and make a purchase. That night criminals come in, torture you, take the contents of your hot wallet. Check transaction histories, find out how much money you have in total in your cold wallet. Torture you for your net worth.

Cool system!

[Anonymous No.25870561]

>>25870560
>That night criminals come in, torture you, take the contents of your hot wallet. Check transaction histories, find out how much money you have in total in your cold wallet. Torture you for your net worth.
Explain to me how this doesn't already happen with normal money.

[Anonymous No.25870562]

We know.
You need to be informing >>>/biz/

[Anonymous No.25870563]

>Transactions are slow, could take hours
Do you know how long an ACH transfer takes?

[Anonymous No.25870564]

>>25870561
Because the transaction would be undone?

[Anonymous No.25870565]

>>25870560
/g/ has literally been saying this for years
i think you meant to post this on /biz/

[Anonymous No.25870566]

>>25870563
I don't even know what an ACH transfer is. I have traveled to four countries and across the US using only my debit card and money was always instantly available to me and I could withdraw in cash.

[Anonymous No.25870567]

>>25870566
>I don't even know what an ACH transfer is
And you’re trying to lecture about cryptocurrency’s cons?

[Anonymous No.25870568]

>>25870561
Central authority can revoke any transaction if they feel like it

[Anonymous No.25870569]

>>25870560
If we're talking about technical details then all "cryptocurrencies" are literal trash that do absolutely nothing than wasting a fucking load of power.
>inb4 muh decentralized payments, muh smart contracts
Do your ponzi commericals on >>>/biz/

[Anonymous No.25870570]

[Anonymous No.25870571]

Use Monero

[Anonymous No.25870572]

>>25870567
Does it have any impact on what I wrote? Is bitcoin used for ACH transfers?

[Anonymous No.25870573]

>>25870560
Daily reminder that Bitcoin is not a currency but a stock (like investment) in the black market.

[Anonymous No.25870574]

>>25870567
>>25870572

[Anonymous No.25870575]

>>25870568

And courts can force criminals to pay back the value of stolen goods... and also put them in jail.

[Anonymous No.25870576]

>>25870563
ACH transfers are designated for mass payments to reduce fees. If you want faster payment then use wire transfer, which have much lower fees than bitcoin tx fees nowadays.
Also after the coins are mined, bitcoin will become centralized since it'll rely on a small amount "miners" who can charge you whatever enormous fees they want since only retards want to run a power hogging machine for free. Don't like it? Build your own expensive transaction processors that will take a few megawatts to process your own transaction.

[Anonymous No.25870577]

>>25870576
*after all the coins are mined

[Anonymous No.25870578]

This is why you buy monero. The only crypto with a true use case (even if most of that use case is illegal shit, that's just even more bullish). The fact that they want to ban it coupled with atomic swaps makes it a no brainer. True privacy.

[Anonymous No.25870579]

>>25870576
what was the real motivation behind its enormous requisite infrastructure?

[Anonymous No.25870580]

>>25870571
>>25870578
>>>/biz/ is this way Mr. Ponzi

[Anonymous No.25870581]

https://pastebin.com/ZUxTmR99

[Anonymous No.25870582]

>>25870579
Silicon producers want to sell more silicon (CPUs at first, then graphic cards, then ASICs)

[Anonymous No.25870583]

>>25870581
Not available

[Anonymous No.25870584]

>>25870580
>Thinking monero is a Ponzi
Bro

[Anonymous No.25870585]

>>25870573
wut

[Anonymous No.25870586]

>>25870573
why would you use bitcoin on the black market?
transactions are publicly available...
normal fiat money is a lot better for that, no trace back to you

[Anonymous No.25870587]

>>25870583
https://pastebin.com/5DFJ2tnU

[Anonymous No.25870588]

>>25870587
Not available

[Anonymous No.25870589]

https://pastebin.com/5DFJ2tnU

[Anonymous No.25870590]

>>25870560
>>Transactions are slow, could take hours
>>Transaction fees make small transactions prohibitive
Use a better wallet
>>Only use as a currency is buying drugs
This is your brain on statism
>>clear transaction record
Fair, but you can just use a different crypto
>>No charge backs for fraudulent transactions - make a mistake and potentially all your money is irretrievably gone
Don't be retarded and use a better wallet
>>Fewer and fewer bitcoins as people lose them, die without sharing key, etc
And?
>>Value randomly fluctuates, huge shifts daily
Don't treat it as day trading, learn to hodl.
>That's not a store of value, it's a ponzi scheme.
Learn what words mean
>Imagine you move some of your money from your cold wallet to your hot wallet and make a purchase. That night criminals come in, torture you, take the contents of your hot wallet. Check transaction histories, find out how much money you have in total in your cold wallet. Torture you for your net worth.
lmao

Either OP is a nocoin seeth and coper, or he read "buy high, sell low" and genuinely did it.

[Anonymous No.25870591]

>>25870589
I am so glad I'm not you.

[Anonymous No.25870592]

>>25870560
>First part = irrelevant
You don't really understand BTC
>Second part = relevant
Don't be rich, if you're a pussy

[Anonymous No.25870593]

Friendly reminder that crypto is the future of currency and Bitcoin is one of the best.
Instant transactions, deflationary and invulnerable. Nocoiners are always coping and seething (and dilating) because they didn't buy.
>haha it was $20k but now crashed to $6k, told you so
>haha it was $41k but now it crashed to $30k, told you so

[Anonymous No.25870594]

>>25870589
>>25870588
>>25870587
>>25870583
>>25870581
https://0bin.net/paste/s8a7LtEK#qBOSVSSnjD6HDg+PQe4L+36m8PBo30N3H7Y06NP4hn0

[Anonymous No.25870595]

>>25870589

[Anonymous No.25870596]

it’s backed by pure greed. and there will never be a deficit of greed in humans. pretty genious desu

[Anonymous No.25870597]

>>25870595

[Anonymous No.25870598]

>>25870562
have you been to /biz/ recently? there's so many slide threads that you can't talk about anything

[Anonymous No.25870599]

>>25870596
>It's backed by a desire to destroy fractional reserve banking and remove the power to set interest rates, from idiots.
FTFY

[Anonymous No.25870600]

Bitcoin and a few of the other main cryptocurrencies have two purposes:
1. Money laundering
2. Speculator gambling and those who feed off them
As a money laundering system it’s revolutionized criminal trading and markets. Sone people do make money off of the speculators: service providers in the crypto industry and Chinese ASIC developers and farm operators. The market is 100% speculative gambling and if you play it you’re likely going to lose whatever you make. So, use crypto, and just look at the costs and time lag as paying a fee for a money laundering service. Playing the market is for suckers and mining outside of China is for retards who think they can print money but who are in fact absolute retards: buy ASICs the Chinese have already mined the best value from just so you can give money to the service providers and power company. Chinese are making a killing of these drooling morons it’s actually offensive to me there are people that dumb in this country.

[Anonymous No.25870601]

>>25870560
>>Only use as a currency is buying drugs, but clear transaction record
Monero is way better at that

[Anonymous No.25870602]

>>25870600

[Anonymous No.25870603]

>>25870560
>be tortured because criminals want my wallet keys
kek funny! i will now sell all my crypto because i dont want this to happen! I will stick to fiat money from now. Thanks anon!

[Anonymous No.25870604]

You just figured it out?

[Anonymous No.25870605]

Bitcoin is the most secure crypto and its purpose is value storage
second layers will be used for transactions in the future
I'm definitely not selling, even though I only have 0.068 BTC
instead I'll buy more each month soon when I have a regular income

[Anonymous No.25870700]

i trust these two

[Anonymous No.25870720]

>>25870560
if you understood what a meme was, you'd understand why bitcoin being a meme was an extremely positive thing. Sadly, you're but a humble moron.

[Anonymous No.25870736]

>>25870700
Quick rundown on these guys?

[Seriously No.25870850]

>>25870736
> -Rothschilds bow to the Winklevoss twins
> -In contact with aliens
> -Possess psychic-like abilities
> -Control facebook with an iron but fair fist
> -Own castles & banks globally
> -Direct descendants of the ancient royal blood line
...

[Anonymous No.25871336]

The jannies from /g/ put thisn thread on /biz/. When it should be in >>>/trash/

[Anonymous No.25871392]

>>25870560
>>Transaction fees make small transactions prohibitive
Good, dissuades poor people from investing, making it exclusive and thus more attractive for wealthy people as an investment.

[Anonymous No.25871394]

>>25870560
no yeah, Monero+Nano cover all usecases (if you like money).
The real innovation in this space are the smart contract blockchain platforms. That's why the top 5 in 2022 will be made of ETH ADA ALGO DOT. Enjoy