/biz/ - Business & Finance

[Anonymous No.57582186]

>slow network
>high fees
>cost prohibitive mining hardware
>no privacy
>small blocks
tell me again why people like this shit? is it literally because
>le first coin evar ZOMG

[Anonymous No.57582193]

50k gracefully accepted

[Anonymous No.57582205]

>>57582186
Good luck with your short.

[Anonymous No.57582211]

>>57582186
Seethe moar.

[Anonymous No.57582210]

>>57582193
yeah its price is going up and probably will continue to do so for the next year but i still dont get why people like it other than that
>>57582205
shorting anything is a good way to get kiked and liquidated

[Anonymous No.57582238]

>>57582211
not an argument. i've never seen a good defense of bitcoins tech

[Anonymous No.57582249]

>>57582186
How many years have you had to figure this stuff out? You better be a total newfag making stupid shitcoiner seethe threads like this. Literally just stop being an illiterate with a baseless confidence in your own analytical ability as a step one to curing this.

[Anonymous No.57582260]

>>57582249
Also not an argument. I've had .1 BTC since 2018, but not because i like it. Why cant anyone tell me why people like one of the shittiest L1s on the market?

[Anonymous No.57582306]

>>57582186
cope or read the bitcoin standard there is no in between

[Anonymous No.57582326]

>>57582186
>reeeeee

>slow
use LN

>high fees
LN
and 10$ is not high for us millionaires

>ASICs
that's good

>small blocks
that's perfect
anyway a bit too big but oh well

>tell me again why I don't get it?
you're retarded, anon

[Anonymous No.57582327]

Because the tech is trash. It's only worth the mining equipment plus some speculation on top.

[Anonymous No.57582340]

>>57582306
>the bitcoin standard
lmao even
theres a trillion altcoins that do what bitcoin does but better. im beginning to thing '>le first coin evar ZOMG' is correct
>>57582326
>coinjoin
>LN
your coin sucks if you need these bandaid fixes. plus coinjoin doesn't give 'strong privacy'

[Anonymous No.57582361]

>>57582186
don't overthink it. it's just like any other crypto scam. a useless memecoin, controlled by a small group of insiders that pump and dump it at their leisure, who spread nonsense magical-thinking narratives to bagholders

[Anonymous No.57582387]

>>57582340
It’s the name. Someone should rename Kaspa to Bytecoin

[Anonymous No.57582422]

>>57582340
>>coinjoin
>>LN
>your coin sucks if you need these bandaid fixes.

>I will call tech "bandaid" then I win
TCP is a "bandaid" on top of IP, the internet doesn't work, clearly.

what a tard

[Anonymous No.57582428]

>>57582186
>very secure, trustless network
>relatively small fees for large transactions
>transparency discourages criminals from using it
>small blocks such that nodes don't require much bandwidth
What's not to like?

[Anonymous No.57582480]

>>57582422
>TCP is a "bandaid" on top of IP
you are a the retarded. TCP is a transport layer protocol, its just as required as IP on the network layer is.
Regardless, coinjoin still doesn't have good privacy and if you try to put tainted coins they'll still get blacklisted everywhere.
>>57582428
>transparency discourages criminals from using it
>"actually, getting your funds traced by the IRS is a GOOD thing"

[Anonymous No.57582499]

>>57582326
USE MUH L2
BUTFUCK FOR INSTITUTIONS ONLY
FUCK THAT TULIP

[Anonymous No.57582578]

>>57582260
It's the oldest, most battle-tested and decentralized L1 of all. In a sea of complete scams, and with blockchain tech being all about "more decentralization equals more security", it will never stop being the backbone of all crypto unless some fucking giga black swan event happens around it

[Anonymous No.57582593]

>>57582578
So the only things its got going for it is:
>less decentralization
>it was first

[Anonymous No.57582609]

>>57582480
>>TCP is a "bandaid" on top of IP
>you are a the retarded. TCP is a transport layer protocol, its just as required as IP on the network layer is.
wow, so exactly like LN on top of Bitcoin onchain transactions.

using your retarded logic: if IP, or ETH frames are good, why would we ever need TCP?
just scale the frame size so that entire web page (or file) fits in ETH frame
no need for complicated TCP!

yes, that is how dumb big blockers are

[Anonymous No.57582648]

>>57582609
Network layer protocols were never designed to run everything. They were designed with the rest of the OSI model in mind
Bitcoin wasn't designed with L2s in mind. They are literally bandaids to the problems that L1 bitcoin faces. And in the case of CJ it doesn't even work well as a bandaid, since it doesn't provide privacy or fungibility.

[Anonymous No.57582665]

>>57582648
>Bitcoin wasn't designed with L2s in mind.
1) how do you know?
2) and?

[Anonymous No.57582673]

>>57582648
>CJ it doesn't even work well as a bandaid, since it doesn't provide privacy or fungibility.
it does, you are unable to know which transactions are CJ of the multi in + multi out transactions.

and future thing are in the pipeline too anyway
>I NEED AN IDEAL SOLUTOI

[Anonymous No.57582691]

>>57582665
>how do you know?
Because satoshi would have included them in the whitepaper.
>and?
And they are bandaids for a broken insufficient layer 1. BTC just doesn't work as a currency, thats why L2s are needed.
>>57582673
Since bitcoin isn't fungible your CJ'd coins will be blacklisted just like any stolen/tainted coins.
Chainanal has been able to get around CJ for a while now anyway, the privacy set it tiny and probabilistic attacks work.

[Anonymous No.57582848]

>>57582186
>why people like this shit?
Highest security. Not only software-wise but community-wise. The ultimate form of consensus, that overrides all others, is reached between people not computers. And the Bitcoin people are the most zealous of all.

[Anonymous No.57582875]

>>57582340
so, you have chosen cope. very well

have fun staying poor

[Anonymous No.57582878]

>>57582326
Lighting Network is not a solution I'm sorry to say.
Anyone that tried using it IRL knows this. You need to pay up the ass to move your real bitcoin into lighting bitcoin. Then you can only spend as much lighting bitcoin as you have on your channel. If it became commonplace you would have 90% of wallets built around CEX nodes. Its not even that cheap or fast either.
But you don't need to pay coffee with Bitcoin for Bitcoin to be valuable.

[Anonymous No.57582890]

>>57582878
>would have 90% of wallets built around CEX nodes.
*would have 90% of channels built around CEX nodes

[Anonymous No.57582910]

>>57582673
>and future thing are in the pipeline too anyway
>>I NEED AN IDEAL SOLUTOION RIGHT NOW!!!!
>no I can't wait for it to be fully baked.
no.

>>57582848
>Highest security.
yes

>>57582878
>Lighting Network is not a solution I'm sorry to say. >Anyone that tried using it IRL knows this.
I used it IRL. worked most of the time.
it's fine. and that was years ago, it improves.

>You need to pay up the ass to move your real bitcoin into lighting bitcoin.
this is the exact same bitcoin
even the same bitcoin transactions are the transactoins in LN, you just delay the time when you publish them into blockchain itself.

>Then you can only spend as much lighting bitcoin as you have on your channel.
you can reload your channel, without need to touch layer 1. just pay someone in fiat or blowjobs to get him to send you over LN, and done

[Anonymous No.57582983]

Shitcoiners still don't get it lmao. Enjoy buying at 100k+.

[Anonymous No.57583130]

>>57582260
If you’ve been in this space since 2018 and still can’t understand the value proposition of POW bitcoin that distinguishes it from every other chain, then you are either retarded or just trolling right now.

It is the most indelible and inevitable store of value for our digital society. Alt coins are interesting as tech epcloratories, but that’s a totally different sphere of investing. Stay poor you fugging morone.

[Anonymous No.57583161]

>muh tech
Store of Value. Sorry OP, you got midwit filtered.

[Anonymous No.57583216]

>>57582848
>community-wise
the bitcoin "community" has precisely zero power. unless you are a miner you are completely deluding yourself about any influence you have over bitcoin consensus. miners are rational actors and will always take the action that benefits themselves

[Anonymous No.57583219]

>>57582340
>theres a trillion altcoins that do what bitcoin does but better
Name one that paved it's own path and that has even 1/100 the hashing power put into it. BTC is monetary technology, not tranny tech.

[Anonymous No.57583261]

>>57583216
a gorillion non-mining nodes being a critical piece of bitcoin's architecture was the greatest psyop ever achieved

[Anonymous No.57583278]

>>57583261
none of them determine the canonical chain, only miners do

[Anonymous No.57583277]

I've come to the conclusion that XMR is the only worthwhile cryotcurrency. Add LTC for buying/selling between XMR and fiat.

>muh store of value
Just buy real estate, it's scarce, actually exists, and you'll even get a dividend from it.

[Anonymous No.57583297]

>>57582260
>L1
oh so you are shitcoiner who thinks your effiriums ponzi are the future of finance, if all makes sense now

[Anonymous No.57583304]

>>57583277
what happens when LTC blocks fill up?

[Anonymous No.57583325]

two weeks ago I transferred six figures for 2.19$ in less than 15 minutes. when will you finally stop?

[Anonymous No.57583337]

>>57583325
>SEE it's fine when nobody uses it!
let's see how the rest of the year goes

[Anonymous No.57583762]

>>57583216
False. Users produce memetic consensus on the legitimacy of forks, users, not miners, control everything

[Anonymous No.57583774]

>>57583277
>Just buy real estate
Retard.

[Anonymous No.57583799]

>>57582186
its not even the first coin ever kek
you can search for history of crypto currencies this goes back to around 1980s

[Anonymous No.57583936]

>>57583304
Then I use BCH or XNO

[Anonymous No.57583961]

>>57583936
then i use bitcoin and pay $1000 every time i want to move 25 cents

or i can use bitcoin cash or nano it's faster and cheaper but i'm a total moron so i prefer to buy bitcoin 4chan is bad and i hate you

[Anonymous No.57583991]

nothing makes me happer in this market than seeing midwits like op that squandered their only shot at wealth because they thought they knew better than people like me

[Anonymous No.57584171]

>>57582186
midcurve take

[Anonymous No.57584198]

>>57584171
midcurve take what a moron like i'm gonna listen to some plebbitor whose crypto strategy consists of whatever shitcoin he finds on /biz/ and then loses all his money when the market dumps i wouldn't even pay attention to him if his mom didn't have huge tits like damn you must be a complete moron to have a milf like that and still lose money on crypto

[Anonymous No.57585174]

>>57583799
>look at these unimplemented proposals from the 80s, that means you have to buy my shitcoin, ok?!

[Anonymous No.57585208]

>>57585174
kek imagine not holding hoba bro i hold so much hoba and unlike you i am actually intelligent enough to understand their white paper which is why i made my fortune unlike you my iq is so high i literally do not need the 4chans to explain basic concepts to me and i do not need their opinions to succeed in life you are literally so retarded if you buy anything else and i bet you have a tiny penis unlike me even though i am a honey badger i am hung like a rhino

[Anonymous No.57585230]

>>57582186
Don’t care. I’m in the 6 figure club now.

[Anonymous No.57585335]

>>57582910
>DOOOOOODE! LIGHTENING! OKAYYY?! USE WALLET OF SATOSHI LIKE ME BROOO!
Centralized PayPal 2.0 is not the solution retard, and that's okay, for now. There will come better solutions but let's not pretend this piece of dogshit is the answer we need.

[Anonymous No.57585356]

it's a bad coin but it's the easiest bag to pass off to boomers. They don't understand tech and value brand recognition. More people know the word Bitcoin than the word crypto.

[Anonymous No.57585360]

>>57585230

God damnit nugger get to 2 bitcoin.

Fuck that pisses me off

I hope you die for posting that

[Anonymous No.57585529]

>>57582593
it's still a better shitcoin than usd lol, but yes, it should not outperform eth and avax in the next 5 years...but the whales may have other ideas

[Anonymous No.57585543]

>>57582186
test

[Anonymous No.57585575]

>>57582186
you know why other crypto coins don't have independent bullruns?
bitcoin is not just the first mover, it IS the market
if bitcoin does well, crypto does well
if bitcoin fails, crypto fails
shrimple as that

[Anonymous No.57585832]

>>57582186
>>le first coin evar ZOMG
Yes that is why

[Anonymous No.57585954]

>>57585832
at least you admit it

[Anonymous No.57586000]

>>57582648
>Bitcoin wasn't designed with L2s in mind
Read the whitepaper retard, low iq niggerkike

[Anonymous No.57586024]

>>57586000
Please show where in the whitepaper it says that layer one bitcoin should be bulky and unusable as a currency and that layer twos should be necessary

[Anonymous No.57586050]

>>57582186
fun for gaming, kas to replace btc, ocean for ai, and a reliable metaverse is all we need in the next decade

[Anonymous No.57586123]

>>57582186
Also, it's the ponzi that floats all the other shitcoin rugpulls.

[Anonymous No.57586146]

>>57586123
also in case there was any confusion

[Anonymous No.57586174]

>>57586024
BITCOIN WAS ALWAYS MEANT TO BE A SOV, ITS NOT CASH AND WAS NEVER INTENDED TO-ACK

[Anonymous No.57586360]

>>57582186
there are single chip asic miners for like $20. wtf are you taking about?