/biz/ - Business & Finance

[Anonymous No.54727134]

You are retarded if you think crypto still follows stonk market

[Anonymous No.54727180]

>>54727134
Brainlets hate this chart

[Anonymous No.54727211]

What's the point of buying Ethereum when Bitcoin exists?

[Anonymous No.54727212]

But it follows it perfectly. I'm also not a midwit so I'm not worried about a recession or economic crash before the halvening and subsequent bull year. I have never been more comfy accumulating.

[Anonymous No.54727252]

>>54727211
smart contracts? im a btc maxi but youre retarded if you dont see what its use for. sure theres little to no usecase yet, but its THE platform for development of moonshot technologies

[Anonymous No.54727325]

>>54727252
lmao Eth is no longer PoW therefore doomed a slow death with all the other shitcoins. A new gpu coin will rise from the ashes to service the gpu industry and ethfags will seethe for not seeing it coming.
>b-but muh staking and lower gas fees

[Anonymous No.54727495]

>>54727211
more volatility

[Anonymous No.54727558]

>>54727325
This will be Citadel. It confirmed this by it making a “castle top” pattern a few weeks ago.

[Anonymous No.54727608]

>>54727325
>lmao
>muh
>shitcoin
>seethe
You sound desperate my friend

[Anonymous No.54727614]

>>54727252
the ICP flippening is inevitable. death to ethereum.

[Anonymous No.54727628]

>>54727252
Little to no usecase?
>>54727325
Meaningless consensus fud?

Is this board stuck in 2016? How does the loudest crowd on this board still not so their due diligence and learn about the things they invest in?

[Anonymous No.54727812]

>>54727628
>Is this board stuck in 2016?
Majority are, they see the shitcoin casino staying around for ever and never evolving.

[Anonymous No.54727841]

>>54727252
There is no use case because you cannot put bananas on a blockchain

[Anonymous No.54727880]

>>54727252
>everything is a scam so far
>but you could self custody tokenized stocks eventually
>and that is valid and desirable and definitely something people want

[Anonymous No.54727911]

>>54727252
Ethereum is an information platform, Bitcoin is a money platform

The market doesn't know yet, no one does. But the big uses cases of crypto are: MONEY and INFORMATION

the second one has barely emerged yet

[Anonymous No.54727930]

>>54727911
Ethereum is a broken spaghetti code shitcoin

[Anonymous No.54727972]

>>54727930
I tend to agree, technically, that Algorand, Cosmos & Polkadot are VASTLY superior to Ethereum. Same as Monero is VASTLY superior to Bitcoin.

Yet, the market seems to price Ethereum as the dominant & intemporal secure settlement layer of Crypto, while pricing Algo & co as useless layer1. The top 5 isn't XMR, BTC, ETH, ALGO, ATOM.

Why is that?

[Anonymous No.54728021]

>>54727930
Overall, the market isn't pricing technologies, it's pricing brands. That's why dog tokens shines, but not Layer1 & Layer 2. That's why NFT platform had such buzz and not incredible data crawling projects.

[Anonymous No.54728107]

>>54727252
Bitcoin can do smartcontracts. BSV proves this. Cope

[Anonymous No.54728136]

>>54728107
Always keep in mind that a smart contract has value only if the chain itself has value/ is secure. BSV is not.

[Anonymous No.54728135]

>>54727972
Because you don't understand bitcoin to begin with.

[Anonymous No.54728153]

>>54728135
I know that it's digital gold. That it's the symbol of alternative vs Central Banking. I understand it's not a usable technology at all or an electronic cash system.
Why am I not understanding Bitcoin exactly?

[Anonymous No.54728158]

>>54728107
We don't want shitcoin smart contracts

[Anonymous No.54728193]

>>54728135
I understand that Monero is what is Bitcoin + a true cash system. My autistic brain can't accept that BTC is just an index on crypto & that it will never change

[Anonymous No.54729162]

>>54728153

Bitcoin is:
+permissionless,
+trustless
+immutable
+decentralized
+indestructible
+auditable
+fixed supply
+predictable
+more secure

XMR is:
+permissionless,
+trustless
+immutable
+decentralized
+indestructible
-auditable
-fixed supply
-predictable
-less secure

[Anonymous No.54729202]

>>54727134
its so fucking b oring

[Anonymous No.54729271]

>>54729162
publicness or (auditable) is not a pro. Also, supply or consensus IS verifiable. Always, it's a decentralized network.

XMR is much more predictible as well: 0.6 XMR/bloc every 2-4 minutes. Seems pretty predictible. BTC maxis, stop being so retarded.

Bitcoin
+ great pumpanomics because fixed supply
+ great branding
+ immutable

- extremely unfair initial distribution
- no rewards planned to secure the network in 20 years+
- no predictibility
- unscalable and truly unusable
- ASIC dominance: centralization of the proof of work by China & corporations
- you can get wrench attacked if you ever pay someone and he sees you own large sums

Monero
+ private chain, private wealth
+ predictible
+ auditable yet not transparent
+ secure long term due to minimum mining rewards
+ dynamic block size = more scalable over time
+ probably more resistant to quantum attacks because you can't even know the public key you want to steal funds from (obfuscation)
- is usable

- bad branding
- general confusion about the technology (public =/= transparent, verifiable =/= transparent)
- constant FUD about being banned

[Anonymous No.54729522]

>>54729271
how many forks did XMR have? how is that predictable? BTC you can store and forget. You will know its the same BTC as you left it 20 years ago. It is what makes bitcoin better than any other tech. No privacy or fast transaction can replace that.

"unfair distribution" is a natural result of Bitcoin's protocol design. anyone can participate in the network and benefit from its growth and adoption, regardless of when they first discovered it.

Yes ASIC mining tends to be more centralized than CPU/GPU mining, but its a positive feature. ASICs are expensive to produce and require a significant investment in infrastructure, which means that only large mining operations are able to compete effectively. This results in a more stable and secure network, as it is more difficult for a single entity or group to take control of the network.

ASIC mining tends to be more resistant to botnets and other forms of malicious activity. Because ASICs are specifically designed for mining, they are much more difficult to hack or manipulate than general-purpose CPUs, which can be vulnerable to a wide range of attacks.

[Anonymous No.54729609]

>>54727134
Maybe it follows the same thing that the stonks follow.

[Anonymous No.54729627]

>>54729522
None. No forks ever. Because the protocol is not governed by retards like the BS "BTC" core devs and their online clout lol.

Dude, BTC is the protocol with the most forks ever. Worst example ever. But sure, the 21m fixed btc supply is the value proposition and will never get changed. Just like XMR won't change its economics.

Also, you can't just turn ASUC dominance into a feature. The fact that they are expensive to produce isn't a feature. Everything regulates itself! what matters is that the network is populated with the best devices. In BTC it is the opposite: Unlike XMR you can not plug new computers and counter balance another state attacking your protocol. Seriously your last paragraph is just wrong.

[Anonymous No.54729786]

>>54729522
just to elaborate, you must understand that a decentralized network is as robust as it is balanced. ASIC creates:
- barrier to entry
- monopoly
simply bad

[Anonymous No.54730149]

>>54729522
>ASICs are expensive to produce and require a significant investment in infrastructure, which means that only large mining operations are able to compete effectively.

So what happens when the State declares war on crypto and enforces an embargo on ASIC importation?

And then has the power cut to all industrial mining farms?

[Anonymous No.54730173]

>>54727930
>t literal nobody with $3.50

[Anonymous No.54730288]

>>54728193
Bitcoin is not a crypto index you drooling mong every single shitcoin is a scam and has nothing to do with bitcoin

[Anonymous No.54730598]

>>54727134
yeah but you fucked with the axis there, crypto still has much large amplitude in the waves so thats nice

[Anonymous No.54730642]

>>54730288

[Anonymous No.54730719]

>>54727134
your time scales are not even aligned

below is a 10 day correlation between BTC and NDX
they are mostly correlated except a few times. correlation is above 0 most of the time including above 0.5.

[Anonymous No.54730769]

>>54727134
ethereum vs ndx

[Anonymous No.54730846]

crypto is just another asset class correlated with equities.
shitcoins behave like mid cap stocks
shittier shit coins behave like small cap stocks.

[Anonymous No.54732126]

>>54727134
Yeah crypto doesn't follow the stocks market since ages ago. It's all about the big memes, the big names.
Now it's PLEBS, you're ready for it right?