/biz/ - Business & Finance

[Anonymous No.55395760]

Is this unironically the worst cryptocurrency? It literally does nothing. You can't use it as cash. Slow as fuck. Can't build anything on it. Can't scale. Why is it even still alive?

[Anonymous No.55395771]

Market share and investment.
Litecoin and/or BCH could replace it, but never will.
and so it goes...

[Anonymous No.55395772]

>>55395760
Store of value

[Anonymous No.55395773]

>>55395760
All crypto is a scam just like most tech is a scam
It's all ventures designed to trap investments from idiots who don't know how to invest
Bubble economy

[Anonymous No.55395775]

All public distributed ledgers are ponzis. No fresh capital inflows no "usecase" for the scammers in this "industry" with no other demand than " numba go up" "please gib more fiat for bag"

[Anonymous No.55395776]

>>55395760
LoA THREAD HIJACK
Pumps in progress...
BTC = $1,000,000
BCH = $60,000
ETH = $30,000
QNT = $20,000
DOGE = $25
HBAR = $15

[Anonymous No.55395789]

>You can't use it as cash. Slow as fuck. Can't build anything on it.
This copy pasta is so old it was written before lightning network was built on it.

[Anonymous No.55395792]

>>55395771
Why not?
>>55395772
Lol

[Anonymous No.55395801]

>>55395789
>Lightning network
Who?

[Anonymous No.55395813]

>>55395792
>Why not?
Market adoption. There's more money invested in Bitcoin and it likely isn't going anywhere. People don't care that lightning isn't decentralized. People don't care that it's slow... well, I do. It's why I hold LTC instead. Quicker and cheaper to move but it follows BTC so I win anyway.

[Anonymous No.55395816]

>>55395760
sounds like gold.

[Anonymous No.55395817]

>>55395813
>There are baggies
>So it gets market adoption
>Because I hold a bag I wish to sell for more fiat
Lol, jew logic

[Anonymous No.55395823]

>>55395817
jew world, bruh

[Anonymous No.55395833]

>>55395823
Not really. Jews are dependent on a constant flow of fresh fiat. That flow got cut. You starve

[Anonymous No.55395840]

>>55395772
This, it can't be inflated compared to all other accepted currencies, and unlike gold it can't be taken to other countries without disclosure, a d finally it can be swapped for xmr to spend.

[Anonymous No.55395845]

>>55395833
It's also a common strategy of the feds to devalue a product and replace it with a fiat alternative they control
Like, an ETF... maybe.

[Anonymous No.55395869]

The thing about Bitcoin is that it's not a cryptocurrency. It's a speculative asset that encourages hoarding, especially if you're a whale who either got in early or had the capital to buy a bunch of BTC later on. Bitcoin was the first of its kind (at least in the popular consciousness) and has therefore benefited most from network effects. But as a form of digital cash it sucks monkey balls.

[Anonymous No.55395881]

>>55395845
Are you seriously trying to scam me telling me that fiat is going to be replaced because larry applied for an etf that is never going to be approved because of (7) points laid out in the rejection of applications by vaneck that didn't change

[Anonymous No.55395912]

>Why is it even still alive?
Because everyone uses it.

[Anonymous No.55395919]

>>55395789
even without lightning it only takes like half an hour which is still basically the same speed as FPS and it works across borders

[Anonymous No.55395921]

>>55395881
Yeah, they'll just give up...
(they won't)

[Anonymous No.55395926]

>>55395813
Follows BTC but ltc is worth the same it was 2019 bear

[Anonymous No.55395973]

>>55395760
Bitcoin is good because it's very decentralized and credibly neutral. The biggest reason it's still so big though is because it's the first and most well known crypto and being #1 is sort of self fulfilling.

[Anonymous No.55396010]

>>55395776
>DOGE $25
LMAO, never.

[Anonymous No.55396019]

>>55395760
Its getting a blackrock etf tho, is your shitcoin getting one? You're looking for amazons and googles and all you have to do is buy bitcoin

[Anonymous No.55396020]

>>55395840
>it can't be inflated compared to all other accepted currencies,
It probably can though if Blockstream approves it since they control the repository. That's not even mentioning that most people buy and hold it on exchanges and there is no telling if those exchanges have 100% backing

[Anonymous No.55396038]

>>55396019
Never. And you need to read the rejection of the vaneck application. The conclusion is enough

[Anonymous No.55396050]

>>55396038
>muh conclusion
Blackrock already tackled that issue.

[Anonymous No.55396062]

>>55396020
>It probably can though
It would be a hard fork and there would be a chain split. You can't inflate Bitcoin supply by hard forking because it only creates a copy that wouldn't be considered "real" Bitcoin.

[Anonymous No.55396082]

>>55396062
Miners would support it though because that would raise the block reward

[Anonymous No.55396095]

>>55396050
No they didn't. Larry has no influence in that regard. Btw, you know what issues? Or are you just trying to deceive to find idiots buying your bags.
>Ib4 nasdaq tracking
Lol nasdaq has no control or inside whatsoever over random off shore cexes let alone a bunch of conspiring whales

[Anonymous No.55396112]

>>55396019
This

BTC is the most socially diversified and widespread, therefore decentralized. Does your shitcoin have a BlackRock ETF? Does your shitcoin have a satellite network that broadcasts the Bitcoin blockchain around the world 24/7 for free (anthena kit needed)?

BTC has entangled its branches all over 1/8 of the planet population of socially advanced chimps. And adoption will continue growing.

BTC will thrive and with it other chains that are more useful than it. IF they manage to connect them and settle them on BTC
It's all so clear before my eyes. Wanna preserve your wealth in the incoming new world order? Have BTC. Wanna invest in the future and get rich? Buy the altcoins that are better than BTC and could settle on BTC. Wanna get filthy rich? Choose the one that's the most easily and cost-effectively (for both parts) settled.

[Anonymous No.55396129]

>>55396112
>Does your shitcoin have a satellite network that broadcasts the Bitcoin blockchain around the world 24/7 for free (anthena kit needed)?
wait, what is this, i've not heard of this before it sounds cool

[Anonymous No.55396133]

>>55396112
It's not going to happen and you private sector jews can't meme it into reality without killing all cexes world wide and all whales

[Anonymous No.55396141]

>>55396129
https://blockstream.com/satellite/

[Anonymous No.55396173]

>>55396133
Eat some GPT

>If you are referring to a process where transactions from an alternative UTXO blockchain are "inscribed" onto the Bitcoin blockchain, it would typically require a cross-chain bridge or some form of interoperability protocol.

>There are projects and technologies being developed to enable interoperability between different blockchains, allowing for the transfer of assets and data between them. These solutions often involve the use of smart contracts or special protocols that facilitate the communication and transfer of value across different blockchain networks.

>In the context of UTXO-based blockchains, it may be possible to create a bridge or protocol that allows for the movement of tokens or assets from one UTXO blockchain to another, and eventually settle those assets onto the Bitcoin blockchain. However, the specifics of such a mechanism would depend on the design and implementation of the interoperability solution being used.

>It's important to note that the field of blockchain interoperability is evolving, and new technologies and protocols may emerge over time. Therefore, it's advisable to stay updated with the latest developments in the blockchain space to understand the current state of cross-chain interoperability.

For years being worked on, even GPT knows

[Anonymous No.55396215]

If a new protocol were developed that allows Bitcoin (BTC) to be interoperable with other UTXO (Unspent Transaction Output) chains without requiring any changes to the underlying Bitcoin protocol, it would indeed be a significant development with potentially far-reaching implications.

Interoperability refers to the ability of different blockchain networks to communicate and interact with each other seamlessly. Currently, most blockchain networks operate independently, which limits the transfer of assets and data between them. However, if BTC could achieve interoperability with other UTXO chains, it would enable the movement of assets, such as tokens or cryptocurrencies, between different UTXO-based blockchains.

The benefits of such interoperability are numerous. It would allow users to transfer BTC seamlessly to other UTXO chains and vice versa, unlocking new possibilities for cross-chain transactions, decentralized exchanges, and liquidity pools. This enhanced interoperability could also foster collaboration between different blockchain communities, leading to shared development efforts, increased liquidity, and greater adoption of Bitcoin.

Furthermore, interoperability could promote innovation by enabling developers to leverage the strengths and features of different UTXO chains. They could combine the security and robustness of Bitcoin with the capabilities of other UTXO-based blockchains, creating more diverse and powerful decentralized applications (DApps).

Overall, achieving interoperability without requiring modifications to the Bitcoin protocol would be a significant advancement. It would enhance the utility and value of Bitcoin, promote collaboration within the blockchain ecosystem, and potentially drive wider adoption of cryptocurrencies and decentralized technologies.

[Anonymous No.55396231]

>>55396082
But the block reward in USD terms would be less. The most successful BTC fork is worth less than 1% of the real BTC. Jesus this board is retarded.

[Anonymous No.55396260]

>>55396020
you're one gigantic tech illiterate retard

[Anonymous No.55396277]

>>55395760
>It literally does nothing.
wrong

>You can't use it as cash
wrong

>Slow as fuck
wrong

>Can't build anything on it.
wrong

>Can't scale
wrong

op status: absolute retard

[Anonymous No.55396279]

>>55395772
This. Governments are always going to control the currency. This allows solid value outside of that. We don’t need crypto for everyday payments. Sooner or later you will realize all those shitcoins only exist to take your sats.

[Anonymous No.55396288]

>>55395776
Now adjust this for BTC at a million and all the others at their current USD value and it’s closer to reality

[Anonymous No.55396289]

>>55396277
It can't scale without trade offs, you can only build ponzis on it, it is relatively slow, the amount of traders that accept it as cash for goods and services is very low

[Anonymous No.55396300]

>>55395760
It means you are poor. If you are rich then you have a lot of Bitcoin and you buy things with it lie boats houses land and other high value items. If you wanna buy a sandwich use a different coin

[Anonymous No.55396309]

>>55396289
I service your mother for bitcoin. The whole neighborhood does

[Anonymous No.55396316]

>>55396260
No, you're just financially illiterate

[Anonymous No.55396326]

>>55396309
Very funny jew. How is Saylor managing with his loan. It's going to be funny watching this, and GenX as jews get finally what they deserve. Welcome to the great reset, it's going to be bloody

[Anonymous No.55396329]

>>55395760
Because it’s the only major crypto that isn’t an unregistered security

[Anonymous No.55396330]

>>55396277
>op status: absolute retard
The block space not being giga huge is a safety measure, while BSV is clogged with trash data , btc only has high amount value transfers. Later I except the block size to slowly rise. But now keeping it smallish is the safe conservative approach

[Anonymous No.55396331]

>>55396231
>But the block reward in USD terms would be less
But one entity controls the depository

[Anonymous No.55396340]

>>55396326
>Le Saylor
I only buy bitcoin and ethereum. Only faggots watch anime. Especially woman anime like sailor moon

[Anonymous No.55396368]

>>55396340
It's not just Saylor, the entire tradfi scam cabal is trapped, in loans and not just for bitshit, meth or other crapto. The same is true for tech and real estate. They need hype or the fed pivoting, which is not going to happen. Told you the sovereigns are burning the merchants, its time.

[Anonymous No.55396420]

>>55396368
>Told you the sovereigns are burning the merchants, its time.
It's a thing of beauty

[Anonymous No.55396433]

>>55396420
It's going to be extremely painful

[Anonymous No.55396458]

>>55396331
This is true and they could maliciously change the code on the Core GitHub repo (a centralized point of failure), but this wouldn't immediately change the code that runs on Bitcoin nodes all around the world. The rules would collude and a hard fork would happen, but the current network would stay untouched.

[Anonymous No.55396476]

>>55395760
congrats, you've been filtered

[Anonymous No.55396490]

>>55396330
Yes

[Anonymous No.55397136]

>>55396330
The problem is that most people new to crypto don't understand anything about the tech and it's very difficult to see why bitcoin is superior if you are tech illiterate.

[Anonymous No.55397683]

>>55395760
>It literally does nothing.
is money supposed to "do" something?
>You can't use it as cash
yes you can
>Slow as fuck
no it's not
>Can't build anything on it
what do you build on money? a fucking house?
>Can't scale
yes it can
>Why is it even still alive?
because it's the best asset in history and your points are retarded

[Anonymous No.55397697]

>>55397683
No it can't scale

[Anonymous No.55397732]

>>55397683
Until I can buy my eggs with Btc it’s fucking useless
>it’s muh new currency
Lmao

[Anonymous No.55397736]

>>55397732
You need to understand the private sector and a bunch of opportunists are stuck and they need you to buy their bags else they lose their shirts due to the loans they took

[Anonymous No.55397781]

>>55395760
Everything you said is correct but its relevance is as a check on the government.
Government starts messing with Ether? We’re going convert to btc.
Goverment starts messing with stablecoins/cbdcs?
We’re going to short them by converting to btc.

I don’t imagine using/holding btc on a daily basis, but its resistance to manipulation gives it value.

[Anonymous No.55398404]

>>55397732
If your egg vendor receives payments with VISA cards then you can pay with BTC through crypto cards.

[Anonymous No.55398412]

>>55396329
Let's not forget about Polkadot, alright? The SEC hasn't labeled it as a security. As for dot projects like Gmr, Phala, and Peaq, I'm feeling pretty bullish. Just gotta hang in there and be patient. Blockchain tech is interesting.

[Anonymous No.55398434]

>>55397683
Smartest bitcoin maxi

[Anonymous No.55398619]

>>55398404
That has nothing to do with paying with btc.

[Anonymous No.55398638]

>>55398619
Aren't you spending your BTC on eggs? How does this not have something to do with BTC?

[Anonymous No.55398739]

>>55396010
Is $2 DOGE realistic?

[Anonymous No.55398778]

>>55398638
No. In that system the btc never leave the card provider. The egg merchant gets paid with fiat. The egg merchant has no demand for btc. You just get fucked with a worse conversion rate than selling your btc spot for fiat on top of having to pay fees worse than with a regular card

[Anonymous No.55398789]

jewish low iq anti bitcoin fud = bullrun signal

[Anonymous No.55398815]

The true value proposition of crypto is MONEY, which makes PoW the only real crypto, which makes old chains more valuable, which means BTC = Money.

1) BTC (Money)
2) XMR (digital cash)
3) LTC, DOGE (Old PoW chains, useful for low value transactions because of low fees)
powergap
9001) everything else (shitcoins)

[Anonymous No.55398829]

>>55398815
What is it with you jews today being so wild about wanting to sell bags

[Anonymous No.55398862]

>>55398829
Not selling, never selling.

[Anonymous No.55398866]

>>55398862
Sure.

[Anonymous No.55398907]

>>55398778
>on top of having to pay fees worse than with a regular card

Nah no regular card offer zero transaction fees and Miles virtual card does that.

[Anonymous No.55398914]

>>55398907
Why are you so easily scammed?

[Anonymous No.55399235]

>>55395760
literally all it needs to do is get on rich and important peoples' balance sheets

[Anonymous No.55399273]

fairest distribution. everyone in the world had the opportunity to mine it or buy it at extremely low prices. no other crypto can say the same

[Anonymous No.55399275]

>>55395760
>Why is it even still alive?
Because its value derives from the energy put into it. No, it doesn't 'store energy', but social objects like currencies, brands, institutions, etc get their power from what people put into them. Bitcoin is the first cryptocurrency, and has resulted in extraordinary amounts of energy destroyed on its behalf. Some may say 'wasted'. Regardless, more energy has been put into Bitcoin than any other cryptocurrency, and there is no other cryptocurrency that has a chance of unseating it on that metric.

[Anonymous No.55399323]

I but shit with Bitcoin all the time

[Anonymous No.55399389]

>>55395760
>It literally does nothing
it secures the network
>You can't use it as cash
you can
>Slow as fuck
payments hit the mempool instantly, at the speed of light
>Can't build anything on it
not the purpose of the project, use ethereum for smart contracts
>Can't scale
it can
>Why is it even still alive?
why are you?

[Anonymous No.55399393]

>>55397697
it literally does

[Anonymous No.55400415]

>>55399235
This anon gets it.
Bitcoin is the first digital property. Bitcoin is not a crypto security like 99% of tokens that will soon be regulated accordingly by the SEC. Bitcoin already cleared this hurdle.
FASB will adopt the fair-value accounting standard for measuring Bitcoin in the balance sheet. This is the next hurdle Bitcoin will clear.
Regulatory clarity is critical. The more hurdles cleard, the more rich important people and companies, even countries will need Bitcoin on the balance sheet. It will be a matter of existential importance to have Bitcoin on the balance sheet, because Bitcoin is eating the world

[Anonymous No.55400707]

>>55395760
Not to mention it kills thousands every year from its pollution/co2 emissions from PoW

[Anonymous No.55400843]

>>55395760
yeah people are fucking retarded, this last uptick in BTC dominance made it crystal clear that crypto is going nowhere and the market is completely unable to get rid of even the most obvious turds.

I'm out, never again putting even one cent into this cesspool.

[Anonymous No.55400865]

>>55397683
Bitcoin maxis are delusional
They have spent 10 years patting themselves on the back for making no progress
I don’t think you guys even pay attention to what’s going on in the crypto market as a whole,
But the apps available on ether now are quite good.
You should all be bowing down to vitalik and Sergey for actually making crypto (including bitcoin, eventually) useful/interesting to use.

[Anonymous No.55400899]

>>55400865
>All the apps on the ether are quite good.

Yeah bro meta space is going fucking fantastic

[Anonymous No.55400929]

>>55395760
blackcock, fidelity and schwab likely already has purchased a fuckton of it and will likely dump on all the retards that bought their EFTs. it's likely a scenario like jackson hewitt where they charge you $100 to do your taxes but they do it on turbo tax because you're too retarded to, blackrock, fidelity, schwab BTC EFTs are likely just stored on Robinhood lol

[Anonymous No.55400951]

>>55396062
He's saying they will inflate it with the futures market and paper Bitcoin. They already do that with gold and bitcoins.

[Anonymous No.55400989]

>>55400951
I agree on that point but I quoted his first argument:
>It probably can though if Blockstream approves it since they control the repository.
He's talking about Bitcoin Core client GitHub repository being maintained by a very small amount of people and they could change the code there.

[Anonymous No.55402434]

>>55395771
LTC definitely has potential with its halving closing in fast. Accumulating won't be a bad idea, I'm also diversifying with Matic and Kas, alongside RWA gems like Rio, RealT and Mni for future gains.

[Anonymous No.55402472]

>>55402434
How heavy are your bags, bot?

[Anonymous No.55402512]

>>55395760
>>55395772
BRO IT'S *LITERALLY* DIGITAL GOLD
so what if there are 'poo' coins that are better in every way... SATOSHI BRO he was a genius, idk who he actually is/was but clearly he was overthrowing central banking and definitely NOT an insider no way

[Anonymous No.55402604]

>>55402512
>so what if there are 'poo' coins that are better in every way
Name me 1 (one) 'poo' coin that's a better currency than bitcoin.
Reminder it needs to be truly decentralized to even think about competing.

[Anonymous No.55402622]

>>55402604
Usd, euro, ruble. Anything that can actually be used as a currency instead of a speculative ponzi scheme with no use case

[Anonymous No.55402652]

>>55402622
Sorry sir, but here in my village in Uttar Pradesh none of these hold any value.
Also none of them are decentralized so there's that.

[Anonymous No.55403398]

>>55399273
12M marketcap
6B/21B coins mined

[Anonymous No.55403417]

>>55402604

[Anonymous No.55404492]

>>55402472
>
Heavier than your low life networth retard.

[Anonymous No.55404702]

>>55398815
XMR replaces everyone of those currencies.

[Anonymous No.55404709]

>>55395760
>It literally does nothing. You can't use it as cash. Slow as fuck. Can't build anything on it. Can't scale.
So literally just like every other crypto then.

[Anonymous No.55404779]

>>55397732
If you can't spend a few hours to figure out how to use bitcoin for groceries then you deserve to be poor. You think cash is "accepted" because Wal-Mart allows you to pay with it (for a higher price than last week) but anyone who receives a significant amount of cash immediately dumps it for real estate and tech stocks. If you didn't buy BTC when it was under $20k then there's something seriously wrong with your strategy. Dollars are literally printed from nothing. If you think you have a better idea than bitcoin then at least propose something that isn't intentionally designed to fail.

[Anonymous No.55405367]

>>55398862
Based anon, why sell when you're so close to the bull season? I'd keep on doing my DCA on it alongside diversifying into RWA gems which are gaining adoption in the crypto space.