/biz/ - Business & Finance

[Anonymous No.56329968]

And just like that Ethereum became irrelevant

[Anonymous No.56329985]

Based OP
Imagine being an alt baggie
lmao

[Anonymous No.56330121]

This is 10 yrs late, there is so much money running through eth at any given second that even bitcoin holders know that bitcoin is only for keeping and not for transacting with. Trying to implement eth capability in the blockchain 10 years later is retarded, don't you guys have any original ideas?

[Anonymous No.56330151]

>>56329968
10 years to propose and another 10 years to make. Thanks Adam!

[Anonymous No.56330155]

>>56329968
Ethereum is relevant in the history of fiat and ponzis. Eth is almost like fiat’s money final form. Where it just becomes hyper efficiently highly verifiable, highly secured scamming.
Bitcoin goes in history along with things like math equations, fundamental technologies like fire and wheel. Its s fundamental convention. It’s money. Everything else is no longer money even though people still call it that

[Anonymous No.56330175]

>>56330121
nah, ETH is burning and crashing, the L1 has become as bloated as BTC, the L2s are all centralized garbage without permanence, and can even be easily moved to BTC as base layer instead of ETH

[Anonymous No.56330907]

>>56329968
How is there enough space on btc blockchain to do any of this? Originals, computable contracts, whatever else bs. Small blocks won, right? How will you convince the moonbros to allow this?

[Anonymous No.56330926]

>>56329968
so that's why eth is currently melting down. I don't care anyway, it has always been useless and or insecure for me, it was just a speculative thing in 2017, which I've profited from to get more btc

[Anonymous No.56330940]

>>56330907
you sound tech illiterate, you shall stop considering you're understanding anything, too many retards are saying the stupidest things when talking about bitcoin, repeating carefully worded stupid concepts made by competing projects

[Anonymous No.56330955]

Yeah lets move all our real time money markets to BTC where confirmations take 10+ minutes.

[Anonymous No.56330963]

>>56330155
bitcoin rhetoric is so insane I literally can't tell if you are baiting or genuinely retarded

[Anonymous No.56331104]

>>56330955
with this shit confirmations could be instant with only the verification taking 10m and wrongful verification could come at a big penalty so formal verification would not be initiated in 99.99% of cases

but yeah it would be even better on kaspa

[Anonymous No.56331120]

>>56330963
not an argument

ETH is not decentralised
>>/biz/thread/56283186#p56288808

[Anonymous No.56331127]

>>56331120
>ETH is not decentralised
this, thats why its getting replaced by Avalanche.

[Anonymous No.56331189]

what's robin linus' relationship to craig wright, aka satoshi nakamoto?
because satoshi was talking about turing machines like a week ago.
his account came back to life on twatter.
just kind of sounds like robin's working with satoshi.

[Anonymous No.56331234]

>>56331189
craig is going to jail.

[Anonymous No.56331270]

>>56331234
nelson mandela went to jail.

[Anonymous No.56331286]

>>56331104
kaspa only preserve the utxo, not potential content in the block, which is pruned, the other nodes aren't secured and safe from manipulation, so it couldn't be done on kaspa. the way it has been done, kaspa can only do money. which ironically can have bad side effects.

[Anonymous No.56331294]

>>56331270
For our sins.

[Anonymous No.56331298]

>>56331234
He’s really not, take your meds . The court already acknowledged copa was lying about him fabricating documents it’s already over for COPA, COPE

[Anonymous No.56331360]

lots of cope, but the facts remain

every widespread and successful narrative that spawns from the thousands of failed and unsuccessful altcoin market attempts will eventually find its way onto bitcoin, somehow.
bitcoin never needed any changes to allow any of this, and will likely never make any other than long term deprecation of old opcodes and insecure cryptography and address types. these things end up on bitcoin because they had critical mass elsewhere despite a lot of people in the bitcoin space hating them, like nfts or premined tokens.

the biggest trap was altcoins thinking they can play bitcoin's game of layer two scaling. in reality it's altcoins that need base layer scaling more than anyone else. once they give up their technical advantage on the base layer and resort to merely settling transactions on upper layers, they give up their market advantage, fracture their liquidity, divide their userbase, and leave the door wide open.

[Anonymous No.56331387]

>>56331360
your mom leaves her door wide open

and not only her door

[Anonymous No.56331388]

>>56331360
altcoins are important to provide competition and experiment, even though the competition provided so far has been ridiculous

[Anonymous No.56331480]

Smart contract capability on btc is just so link can scale the shit out of it

[Anonymous No.56331508]

>>56329968
>requires off-chain compute
hrm, is there a project that can help with this? why is no one doing this? hrm...

[Anonymous No.56331511]

>>56331480
Link and btc are the only cryptos that are worth holding. ETH will bleed against both because 1000 other layer ones will share the pie with eth.

[Anonymous No.56331512]

>>56331388
alts are for making money, and while some like ethereum have unintentionally taken the concept of making money and wrapped it into their core offering insulating them from the hype cycle, most just come and go every 3-4 years.
some tech is novel and interesting, but most isn't. worse still the tech that is novel is also applicable to layer 2s. these scaling paradigms rip that tech away from those who tried to base their alt around it and into the open market for things like bitcoin, or even ethereum to take for themselves.

look at what happened to zcash, codifying and being a live testnet for new and novel ways to use zero knowledge proofs to then have ethereum rip that tech and add it as a mere feature of its contracts, taking away any reason for zcash to exist.

that's the end game of this market, the strong take from the weak what they can use, and the rest was never important in the first place.

[Anonymous No.56331538]

>>56331512
yes but the competition and experiment still has to take place, ideally forever

[Anonymous No.56331552]

>>56331538
it always will, but only en masse.
the altcoin market is going nowhere, but each altcoin is going nowhere fast.

[Anonymous No.56331588]

>>56331511
so how's LINK doing compared to ETH pajeet. just because you have a phone and data does not mean you must disgrace yourself in front of channers. yes, I have a lot of ETH, and I'll stake them when SpoolFi has its v2 go live. you can go fuck yourself for all I care.

[Anonymous No.56331825]

>>56331588
>I have a lot of ETH
laughingwhores.tiff

[Anonymous No.56331899]

>>56330155
Checked and based as fuck

[Anonymous No.56331929]

>>56331127
Avax is not decentralized either, anything that uses PSEUDO randomness, isn't.
>>56331286
you're right I guess, this couldn't be done on kaspa. But Kaspa does succeed as ecash where BTC fails
>which ironically can have bad side effects.
how so?

[Anonymous No.56331953]

>>56331480
>>56331511

Can any anon explain LINK’s approach to Bitcoin? I understand the concept of CCIP in the smart contract space, it’s very exciting. Will this BVM update allow Bitcoin to be compatible to Seegeys grand vision? ETH is trash

[Anonymous No.56331993]

>>56329968
6 years too late.

[Anonymous No.56332396]

>>56331993
it would be too late if ethereum wasn't now fully reliant on alternative networks by way of l2s to scale.
not having the dev talent to get sharding working after 7 years has cost them any first mover advantage for new/retail users.

[Anonymous No.56332551]

>>56331929
preserving documents can have its uses for censorship heavy future times. timestamping also has its uses. proof of existence can be useful and save costs. things like that. archival nodes aren't enough, not secured by pow.
lighting network or similar l2 will steal kaspa's market share I'm afraid. bitcoin will always be more desirable, and for money to work it needs to be desirable to begin with. kaspa is also more complex overall to make that work on base layer.
it has also unproven history.

but I don't dislike kaspa, I'm interested to see where it goes, liking computer science, it's one of those very rare crypto projects I see positively. at worse, it creates competition with bitcoin which is very good for people.

[Anonymous No.56333599]

>>56329968
Every coin should just switch to Avax.

[Anonymous No.56334038]

>>56331588
>my thingy went up a long time ago! Therefore your thingy will never go up and mine will go down!

[Anonymous No.56334614]

>>56329968
kek, see the screenshot, this claim started ages ago with rootstock
https://files.catbox.moe/qv9cnp.png
ethereum won the smart contract sector in crypto years ago, it doesn't matter what bitcoin does, it doesn't matter what solana does, it just did, everything else is forced to copy ethereum and thus guarantee being a loser

I can't upload images because my hotel is banned from uploading
>>56331120
Ethereum is the most decentralized network in existence.
It's impossible for PoW to be decentralized because mining is always more profitable at scale, which is why it always centralizes and in fact it did, majority of hashpower is now in America.
Bitcoin is one executive order away from being fully controlled.

PoS is impossible to take over, even if you somehow took over majority of stake (impossible) a fork without it is possible. Fork in PoW that magically removes bad miners isn't possible.

None of this matters though, because it's 2023 and absolutely nothing in crypto matters. It didn't and won't replace anything, it started as a ponzi and never went beyond it. No government has any motivation to take over anything. All this time Ripple corporate-style consensus was the only thing that was necessary because nothing was ever attacked by any large organization, not to mention governments. Everything more complex than that turned out to be pointless overengineering.

If a miracle happens and that changes, then all PoW coins would get taken over by America/Western governments fast. But it won't. Crypto isn't a new thing anymore and adoption is below 2013 levels.

[Anonymous No.56334666]

>>56330151
Its L2, retard, easy to work with
>>56330907
Its mostly L2 not mainchain retard
>>56330955
Its L2 not mainchain so near instantanous
>>56331270
Nelson mandela was a nigger and niggers belong in jail

[Anonymous No.56334673]

>>56334614
Dumbass nigger eth baggie

[Anonymous No.56334738]

>>56334666
>L2
like lightning network everyone forgot about after years of hype?
there's no demand for anything on bitcoin, it's a ponzi token, nothing more and nothing less.
>>56334673
btc underperformed corporate bonds since dec 2017 and btc holders completely missed the massive multiplier from defi and nfts which is what the last cycle was about. Nobody got rich from being a bitcoiner for the last 6 years.
there are no larger bagholders than bitcoiners in this space, except some random forgotten coins.
Saylor is a good example, managing to lose even in nominal terms.

eth underperforms since 2021, so only last cycle players are bagholding

[Anonymous No.56334762]

>>56334614
Never forget

[Anonymous No.56334835]

>>56334762
initial eth distribution was way better than in bitcoin because it was widely publicized. Satoshi himself mined 1.1MBTC in secret.
https://www.coindesk.com/tech/2020/08/31/protection-over-profit-what-early-mining-patterns-suggest-about-bitcoins-inventor/
Miners continuously destroy wealth, it's the major reason bitcoin underperformed so much.

Bitcoin was a scam from the first day with Satoshi lying in the title of the whitepaper (it's not cash because it's not backed by anything). The plan was to secretly mine a lot and get rich, but clearly something else didn't work out (death?).
>21M supply cap
that's another lie, finite supply doesn't work, but that only becomes apparent decades in the future when everyone would have already cashed out.

It doesn't really matter, without adoption the whole thing is visibly dying regardless of the coin. Without any adoption all coins aren't a form of wealth, they are inherently worthless, unlike real wealth, you have to scam someone into giving you real wealth in exchange. There aren't that many future buyers left.

[Anonymous No.56334845]

>>56334835
>(it's not cash because it's not backed by anything)
Lol nobody tell him

[Anonymous No.56334850]

Is this not just lightning with a different name? This shit has been proposed for so many years with so many different brands that I can't even read about it without getting bored

[Anonymous No.56334854]

>>56332396
All these L2 rely on the main chain for security and rooting (at least until CCIP gets adopted for the latter).
There are billions of devs hours that have be spent on Ethereum ecosystem while bitcoiners did nothing. Worse all the dumb boomers have only aggressively attacked defi and smart contracts as a scam since 2016.
Btw Bitcoin had smart contracts capabilities with Rootstock and no one ever gave a shit.

[Anonymous No.56334871]

>>56334845
us dollar is backed by the entire us economy
did you ever pay taxes? Assuming you're American.
If you did, YOU are part of the backing of the us dollar.

[Anonymous No.56334939]

>>56334871
please hang yourself

[Anonymous No.56334991]

>>56334939
that's literally backing, millions of American are forced by violence to sell their labor in exchange for the dollar.
Bitcoin has no backing.

Nothing you say can change this simple truth. Us dollar is backed. Bitcoin isn't.

[Anonymous No.56335043]

>>56334614
>ethereum won the smart contract sector
Did you mean the scam coin casino sector?
>Ethereum is the most decentralized network in existence.
Number of Bitcoin nodes: 16892
https://bitnodes.io/
Number of Ethereum nodes: 7250
https://etherscan.io/nodetracker
In what world is 7250 a bigger number than 16892 lol, lmao even
>>It's impossible for PoW to be decentralized because mining is always more profitable at scale, which is why it always centralizes and in fact it did, majority of hashpower is now in America.
It's not lol, and even if it were, miners have no incentive of misbehaving. Do you even understand how concensus works? Non-mining nodes can reject miners' blocks via USAF.
>PoS is impossible to take over,
Hahahhahahahaha. It takes no resources in PoS to mint the currency. It's printed out of thin air. I could literally buy the majority of the stake OTC without influencing the markets. It's effortless too because fiat is printed out of thin air as well.
>Bitcoin is one executive order away from being fully controlled.
You're a barrel of laughs fren: "Just two months after the U.S. Treasury Department sanctioned Tornado Cash, more than half of the blocks on the Ethereum network appear to be excluding transactions from the sanctioned wallets, according to data from MEV Watch."
https://thedefiant.io/flashbots-tornado-sanctions-mev

[Anonymous No.56335056]

>>56334871
The US dollar is backed by the US Army, their Navy, their Airforce and NATO in general you fool. It's called proof of war.

[Anonymous No.56335075]

>>56329968
ETH fucking sucks. I'm still disgusted by the gas I had to pay on that piece of trash.

[Anonymous No.56335105]

>>56334939
>proof of violence isn't real but proof of electricity bills is
Kek baggie

[Anonymous No.56335116]

>>56335043
>In what world is 7250 a bigger number than 16892 lol, lmao even
that number isn't very relevant, if majority of hashrate is in America it's American controlled even if miners there use 1 million nodes
>It's not lol,
it is. Chip imports to Russia are sanctioned, they can't get new asics. TSMC won't allow that. China mostly banned mining, anything that remains is super low scale. Energy in Europe is super expensive.
It all moved to America.
>even if it were, miners have no incentive of misbehaving.
that's not the attack, the attack is american government realizing majority of hashrate is in America and they can control the network by telling miners what to do.
Miners aren't anonymous because they are big industrial warehouses with registered companies.
>I could literally buy the majority of the stake OTC without influencing the markets
You can't, and literally the opposite is true. Mining hardware is external to the system. Arbitrary number of chips can be made, no matter how many currently exist.
Buying enough eth to take over PoS is impossible, there isn't enough on sale.

That's not even the attack, nobody will buy eth to take over, nobody will buy new miners to take over PoW. Governments would tell miners to do X and they would listen because they inherently non anonymous.
PoS can work anywhere and unlike PoW can be anonymous, so a law like that would create a fork, with two networks existing.

Also again, it doesn't matter. Crypto - all of it - could disappear tomorrow. What real business is impacted? Absolutely none. Why would someone try to take over? There's nothing to gain. All this time Ripple works. Why? Because it doesn't matter.
>>56335056
that's strictly incorrect, it's not backed by them, they enforce the backing. The backing are all people forced to sell their wealth in exchange for dollars.

[Anonymous No.56336041]

>>56334854
>There are billions of devs hours that have be spent on Ethereum ecosystem while bitcoiners did nothing.
I can directly purchase goods with BTC using payment processors, there are a bunch of people doing the same on YouTube. I dare you to show us a video of someone using the Ethereum network for payment. I fucking dare you. So far it's just a scam coin casino. Muh dev hours

[Anonymous No.56336169]

>>56336041
kek, nice bait
an eth transaction costs 0.30$ right now and will confirm almost instantly.
Ethereum hosts numerous stablecoins with billions of market cap
Who in their right mind would actually use BTC to pay for goods when there is an objectively better alternative.

[Anonymous No.56336179]

>>56329968
even more irrelevant than it already was*

[Anonymous No.56336223]

>>56335116
>China mostly banned mining, anything that remains is super low scale.

yeah and two years ago midwit fucks like you were saying bitcoin was centralized because it was all in china and the CCP could just shut it down any day

look what happened - china banned mining, mining hashpower moved elsewhere, and absolutely nothing happened to the network itself. and now you say centralization in the US is a bad thing lmao, disingenuous kike

imagine trying to fud bitcoin in 2023, like why waste your time?

[Anonymous No.56337930]

>>56336041
I paid using eth dozens of times, how new are you lol to think that's a real argument.
most sites use crypto payment processors that accept a lot of stuff at once.

The peak adoption of crypto for payments was 2013, there's zero demand for it
>>56336223
It was centralized in China, but instead of taking over they decided to ban mining.

[Anonymous No.56337945]

>>56330155
Checked and truth.

[Anonymous No.56338113]

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1605. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

[Anonymous No.56338204]

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1655. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

[Anonymous No.56338281]

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1655. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

[Anonymous No.56338346]

>>56335075
It doesn't suck it proves how broke you are. If you're that poor use one of the many L2s built ontop of it.

[Anonymous No.56338359]

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1655. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

[Anonymous No.56338371]

>>56330121
ETH went POS is their own undoing

[Anonymous No.56338373]

>>56329968
Fucking shut up.
It’s irrelevant. It’s also not new.
It’s novel, that’s it.

Give me one thing you want to use it do to? Name a compute that is more efficient here than anywhere else.

Fuck off, I’m with Adam.

And tell craig he’s going to jail if he’s not already here. Fuck that guy.

[Anonymous No.56338454]

Day 5 of posting about nyancatmoney.com 500 times a day until we are over $1 each. This is post 1655. The price has gone up 50% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win.

[Anonymous No.56338629]

>>56337930
I meant paying physically in person, directly through BTC+LN, not buying gift cards and then using said gift cards to purchase something else. I'm talking real world adoption fren.