/biz/ - Business & Finance

[Anonymous No.58141068]

Are you a whole coiner?
Be honest faggots.

[Anonymous No.58141149]

sold them all for ETH in early 2017
never looking back, what a fucking shitshow bitcoin has become, and it was already starting to brainrot back then

[Anonymous No.58141153]

yes I have 666 coins XD

[Anonymous No.58141186]

>>58141068
I'm a mighty wholecoiner on the way to my 2nd coin. My avg buy was 19.2k

[Anonymous No.58141187]

>>58141068
Yes I own several whole ether.

[Anonymous No.58141200]

>>58141149
>what a fucking shitshow bitcoin has become
>stacks eth

tell me anon, how would you feel if satoshi premined 14m coins then removed the 21m coin cap, then gave most of those coins to his friends who then switched the system to proof of stake to use it to generate interest off of said 14m tokens

[Anonymous No.58141288]

>>58141200
checked and I want to know too

[Anonymous No.58141300]

>>58141200
>how would you feel if satoshi...
satoshi has 1 million bitcoin
effective distribution of btc and eth are exactly the same in current year
>removed the 21m cap
ok lets go through this for the blockchain illiterates, once again
miners need to be paid to secure the blockchain
miners are paid in issuance and fees
if you reduce the issuance every 4 years, you reduce the security of your blockchain
bitcoin arbitrarily tapers its issuance until 2100, effectively massively overpaying in the short term, and eventually underpaying in the long term
eth instead issues a fixed amount at all times, which is then offset with fee burn, the effect of which you can see here: https://ultrasound.money
in effect: eth is sounder than bitcoin because its monetary policy is massively less inflationary, and is sustainable forever
>pos vs pow
pos is disgustingly superior to pow, too lazy to engage with you further though, dyor

[Anonymous No.58141355]

>>58141300
Isn’t there something like tail emission proposed as the solution for the Bitcoin fees

[Anonymous No.58141409]

>>58141355
>removed the 21m cap
so this?
it's objectively a good play. it has to be done - but that's not the goal post bitcoiners put up - they pretend they're "done", but they aren't - they just overpay like fuck until halvings make it insecure, and then they have to change issuance in the end anyway - it's all bullshit

[Anonymous No.58141430]

>>58141068
Got a doge in the box. Poorfags gonna fuckin cry when doge flips bitchcoin

[Anonymous No.58141471]

>>58141300
gl with your ponzi anon, I hope you don't take it too hard when sol eats your lunch
also satoshi didn't run btc as a private network then reduce the block reward after he stacked his bags, he didn't spend anything either, and we sure as fuck don't have pictures of him with a boner

[Anonymous No.58141474]

>>58141409
>>58141355
Not working out so well for monero.
1 - despite delistings the txpool is full so you have to pay higher fees to get in. Not as high as bitcoin but the fee is a function of hashrate, coin price, block size and electric cost
2 - monero is still failing as an investment.

Does anyone have an example of an uncapped supply coin that performs well? Dogeshit doesnt count because people continue buying it after multiple attacks and hacks compromised it. If the bitcoin network suffered what doge did the price wouldnt remain.

There's also the other angle that bitcoins emission time line is so long that realistically we wont still be using it by the time block reward is truly zero. So in a sense it has a tail emission just not as high as you might like. Also, how many people arguing for tail emission are mining? It doesnt matter how much you want the change in if you arent mining. Miners decide if tail emission gets in

[Anonymous No.58141555]

>>58141471
>eats your lunch
l2s already ate sols lunch, and the rollup paradigm has infinitely more room to grow

>some geeks run some esoteric network before 99.999999999% of the world knows about it
immaculate distribution!!!!!!!!!!!!!!!!!!

>reduce the block reward after he stacked his bags
you want to give charity to validators? laughing hard at how little you understand any of this

>>58141474
>Does anyone have an example of an uncapped supply coin that performs well?
https://ultrasound.money/

>Miners decide if tail emission gets in
there won't be miners if they aren't paid

[Anonymous No.58141594]

>>58141300
but ETH is proof of stake so all of your arguments are invalid. it's not permissionless and open/decentralized. if you don't undertsand then research proof of stake and proof of work and why they are different

[Anonymous No.58141610]

>>58141474
>Not working out so well for monero.
i just sent a stanrdard monero transactions a week or so ago without adjusting any fees and it still went trough in about 20 minutes. of course that's slow but whatever. privacy is important

[Anonymous No.58141636]

>>58141474
>Miners decide if tail emission gets in
oh like how when miners decided to move to proof of stake on ethereum? lmao. vitalik and his friends decide everything on ETH.

[Anonymous No.58141640]

>>58141594
>it's not permissionless and open/decentralized.
hard kek, you clearly don't know what these words mean

[Anonymous No.58141654]

i'm at like .83... i'm trying... only started april 2023...

[Anonymous No.58141672]

0.9 BTC. Getting there.

[Anonymous No.58141692]

>>58141555
he reduced the block reward because when he was premining it it was set to an unknown number, probably something like 70 million

[Anonymous No.58141842]

>>58141300
>pos is disgustingly superior to pow

Haha oh wow.

[Anonymous No.58141976]

What goes on here? Can you faggots keep your POS and POW debate out of my thread? Thanks.

[Anonymous No.58141983]

>half coiner

I am ngmi

[Anonymous No.58142859]

>>58141983
According to Hal's hypothetical, you'd have $5 mil.