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/biz/ - Business & Finance

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9773806 No.9773806 [Reply] [Original]

Everything but bitcoin is total bullshit

>> No.9773818

>>9773806
well, you finally figured it out before the masses did. congratulations

>> No.9773838
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9773838

>>9773806
Bitcoin is dead as well..

>> No.9773859

But what about NANO? It's a fast and free way to pay for everything in life, non-susceptible for 51% attack.

>> No.9773868

>>9773859
Nano is the biggest shitcoin of all

>> No.9773885
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9773885

>>9773806
Monero = Skycoin > Ethereum = EOS = Holo > Bitcoin(s)

>> No.9773934

>>9773859
NANO is susceptible to devs shutting down their nodes.

>> No.9773942

>>9773806

The real redpill is bubbles don't reinflate


Meanwhile NASDAQ making new highs, stocks recovering

>> No.9773968

> but bitcoin

Anon I... well there's no easy way to say this...

>> No.9773971
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9773971

>>9773806
Which bitcoin? Bitcoin gold? Bitcoin Cash? Bitcoin Core? Bitcoin Diamond?
Theres so many to choose from

>> No.9773983

>>9773806
Actually Ethereum is better.

>> No.9773988

>>9773806
Lel Took you long enough. The whole point of trading alts is to accumulate btc.

>> No.9773994
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9773994

>>9773806
Electroneum is actually the best desu

>> No.9774020
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9774020

>>9773942
Sure they don't.

>> No.9774033

>>9773971
Bitcoin Candy

>> No.9774138

>>9773806
They're all shit
Now sell me your bags goyim

>> No.9774308
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9774308

Let me do some math.

Mainstream adoption eventually comes along. People actually want to make transactions with their crypto (buy groceries and shit). Billions of people want to use Bitcoin... well, on-chain, there can only be roughly around 300mil transactions in a year (1MB blocks+Segwit = ~10TPS, ~30mil sec in a year). That means only 300mil people of the worlds 7.5 billion can do one transaction during the whole year. Not really that good now, is it?
OK then, we have the Lightning Network to save us. Lets put all the people on the LN and have them do transactions there. But opening a LN channel equals at least one transaction on chain. With 300mil tx per year, we'll get half the worlds population on the LN in a whopping quick speed of 12 years, during which the chain will be full of these transactions and otherwise unusable. Even once we get all the people on the LN, only maybe 0.1% of the people will ever afford on-chain fees. Rest of the population will only use the LN for their whole life. Why is the chain necessary in the first place then even? Will LN ever become secure and decentralized enough for people to hold their money on it for their whole life?

>> No.9774641
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9774641

>>9773942
you just used an example of a bubble reinflating successfully to talk down on bubbles not reinflating, fucking kek
>pic related

>> No.9774797

>>9774308
>12 years
So you're saying it will only take 12 years for Bitcoin to scale to the world's population with the tech ready to 100% replace banks. How is this not bullish for Bitcoin???

>> No.9774909
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9774909

>>9774797
Because the average /biz/ posters are all 12 year old boomers

>> No.9774939

>>9774308
At this point you should already know that LN is vaporware, it doesn't work like it should and it never will.

>> No.9774988

Everything but bitcoin and chainlink are bullshit. ETH is a necessary evil for the time being.