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/biz/ - Business & Finance

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4884628 No.4884628 [Reply] [Original]

https://bitcoin.org/bitcoin.pdf
Bitcoin: A Peer-to-Peer Electronic Cash System

I just wanted to BTFO all you fucks that justify Bitcoins stupidly high tx fees by pointing you the the whitepaper. The title is 'Bitcoin: A Peer-to-Peer Electronic Cash System', not 'Bitcoin: A Peer-to-Peer Store of Value System'. If you would like to continue arguing the toss then please feel free to shit up this thread.

Pic unrelated

>> No.4884680

>>4884628
White paper doesn't matter. Satoshi wasn't infallible. We know now that cryptocurrency will likely never be able to scale and is too difficult for the average person. Bitcoin is digital gold now. There's no reason to spend it when you can spend your inflationary fiat.

>> No.4884683

true bitcoin is the sum of all forks

so 1 bitcoin = 1 bitcoin core + 1 bitcoin cash + 1 bitcoin gold + 10 bitcoin diamond + any other shitty fork

Just hodl all of those and never sell a single fork

>> No.4884698

>>4884680
How have you not heard of blockchain sharding you dumbass. We can scale globally as soon as it releases with every single transaction on the blockchain. You newfags are so ridiculous.

>> No.4884714

>>4884680
Because so far only s bunch of pajeets are into blockchain. Let google work 2 hours into building their own blockchain and it would be crazy fast and cheap.

>> No.4884741

>>4884698
This, but core won't do it.

>> No.4884801
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4884801

>>4884680

>> No.4884830

>>4884741
Correct. Why won't Core do it? Core is run by Gregory Maxwell (the Bitcoin Satan) who also is CTO of Blockstream which profits massively from small congested blocks.

>> No.4884864

>>4884680
It can scale, but at the cost of decentralization and security. IMO BTC will be perfect as digital gold and some other crypto will rise as the transactional medium.

>> No.4884885

>>4884864
Blockchain sharding dumbass. How do you guys not know about this? Ethereum has been working on it for awhile now. Are you guys living in caves? Blockchain sharding is scaling globally with almost no negatives. It's just complicated to do.

>> No.4884954

>>4884830
Exactly, because they can't have Bitcoin being usable as an actual payment system like the whitepaper intended now can they. Core exist purely to hinder Bitcoin and this is obvious to anyone with half a brain.

>> No.4884968

>>4884885
Ive heard about it but never read up on it, currently reading