/biz/ - Business & Finance

>>23531156
yo dude, we push that meme after btc reaches ath... come on man smdh

>>23531156
As long as tether keeps printing bitcoin is a money maker

>>23531156
How many times do you stupid shitcoin fucks have repeat this same retarded comment. IT DOES NOT MATTER HOW FUCKING BETTER YOUR COIN IS IT IS ALL ABOUT REACHING CRITICAL MASS FIRST. ITS CALLED THE NETWORK EFFECT WHICH BITCOIN HAS ALREADY ACHIEVED. THERE IS ABSOLUTELY NO WAY ANOTHER SHITCOIN CAN EVER REPLICATE BITCOIN’S MOMENTUM. This is the last time I’m going to say this so take it or leave it

>>23531807
>REACHING CRITICAL MASS FIRST
In the short-term, sure. In the long run, utility and quality matter more. Facebook did surpass Myspace after all.

>>23532001
Facebook surpassed MySpace because MySpace failed to reach critical mass before Facebook. My comment still stands.

>>23531156
Not selling

>>23532031
There are many examples of the first mover being overtaken by a superior option. Yahoo and Google is another one.

>>23532031
Anyone who’s studied materials engineering knows how a crystal is able to effortlessly grow after passing its critical mass due to a more favorable Gibbs Free Energy condition. This analogy is applicable to anything in the universe , especially when dealing with networks

>>23532081
Yahoo failed to achieve critical mass before Google. It doesn’t matter what is created first, it is about which nucleus is able to win the race to achieve critical mass and cross the line first. My comment still stands.

FBTC

>>23531156
>Why do people still invest in this? Bitcoin is too slow and volatile to be adopted as a widespread currency. A stablecoin would be used if crypto were ever used as currency. Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely). Ethereum and Link offer actual utility value (smart contracts). Even if Bitcoin rises in value, ETH and LINK will rise with it, likely even more, due to their lower market cap.

>>23531156

Everyone shut up and buy LINK or AVAX

>>23531156
>Ethereum and Link offer actual utility value (smart contracts)

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is a fucking joke.

>>23532001
> "If you knew anything about the history of MySpace you would know Myspace flamed out at a billion dollar when it was less than 1% of what Bitcoin was. Bitcoin was never MySpace. Bitcoin is the Facebook of digital monetary networks. It's software eating money"
That quote is from Michael Saylor, MIT graduate with a double major in aeronautics and astronautics; and science, technology, and society. CEO and founder of Microstrategy and founder of a couple other billion dollar companies and author of New York Times bestseller book about technology and someone who invested $250 Million of company's treasury in Bitcoin.
> "Bitcoin is MySpace"
Retards

>>23531156
hey fag dont buy bitcoin, simple as that..... buy XRP and bobo coin if you cant keep the dicks out your mouth

>>23531156
>First got into crypto in 2013. Thought the same thing when it was $180. Used to laugh and how bad people got burned buying at $1000.
>Bought a load of shitcoins.
>About a month ago I started buying my first Bitcoin - at around 9800 Euros each.
>I won't cash out for about 20 years so slow and steady is fine.

>>23531156
>>23532216
> "If you want to endow anything of value and you want to convey it across a 100 years without losing it, how are you going to do it? Would you invest it Apple stock? Real Estate? Gold? Take your 100 million dollars and hold it in fiat currency. You're going to have 1% or half a percent of it left. You are going to lose 99% of it. Stocks? Is Apple going to be around? Gold? Gold miners produce 2% more every year. If you were to own the entire supply of gold and it were pure, if gold miners create 2% more every year, the rule of 70 says gold supply doubles in 35 years which means you would own half the gold supply in 35 years and a quarter of the gold supply in 70 years and in a 100 years maybe 15% of the supply. Real Estate. Do you know what the property tax rate is in Florida? 100 Million dollars in Florida is $2 Million a year. Over 30 years you lose it all. I bought the Bitcoin thinking I was buying that share of 21 million. If you put your money in Bitcoin you're keeping in all. You're not losing anything. Bitcoin is the hardest asset in the history of the world. It's an anti-fragile evolving thing. You can liquidate a $100 Million dollar worth Bitcoin in a foreign country, in a foreign currency in a saturday afternoon. You might take a 3% haircut. Try moving gold and doing that in Istanbul. Bitcoin is dematerialized gold."
Quote from Michael Sayor again. MIT graduate with a double major in aeronautics and astronautics; and science, technology, and society. CEO and founder of Microstrategy and founder of a couple other billion dollar companies and author of New York Times bestseller book about technology and someone who invested $250 Million of company's treasury in Bitcoin.
> "Bitcoin is slow and volatile. My shitcoin is faster."
>Retards

>>23532706
>>23532216
Funny how so many retards posting on biz think they know better or are smarter than Tech CEOs

>Bitcoin is slow and volatile
>Ripple is fast and stable

QUICK EVERYONE BUY RIPPLE GO GO GO

>>23531156
>He still doesn't get it

If you make the best store of value today you still need at least a decade of being established and tested before you can think of replacing BTC and the BTC devs can use your results anyway without switching chains. The markets will condense into fewer tokens and those tokens will continue to be be focused on being redeemed in BTC. The game will continue to be about stacking sats.

>>23532169
based maxi

>>23532706
Love this quote. Thanks anon.

>>23532169
you are an idiot. try making a token on bitcoin. you can't. try making uniswap on bitcoin. you can't

>>23532892
btc and eth are not competing with each other.

>>23533363
Not to say it's the same, but you can create tokens on BTC. It just doesn't work the same as eth.

Again not saying it's the same thing just keeping you honest.

>>23531156
Why do people still use this? There are newer, faster, more capable protocols.
First to market, network effect, and adoption rates.
It's good enough.
Easy.

>>23531156
Some guy just transferred 1.15 billion dollars worth for 3.5 dollars
I'd say that's pretty useful

>>23533600
fair enough, rsk exists but no one uses it.

not saying btc bad, i hold btc too, but maxis are retarded and cringe

>>23533363

But anon does not want to create a token on BTC, they're just simply stating that Ethereum is not needed.

>>23533658
>2017+3
>people still think Bitcoin is worthless because "you can't buy a cup of coffee" with it
let them FUD themselves

>>23532706
Does this Michael Faggot guy know that Bitcoin is inflationary for the next 100 years?

>>23531156
I'm both buying BTC and leveraging long with XBTC.

Get on my level plebs.

>>23533610
>There are newer, faster, more capable protocols.
which one?

>>23532031
ok, and does your mother own bitcoin?
no? well, does she have facebook?
bitcoin hasn't reached critical mass yet.

>>23533658
i'm transfering billions of dollars every day. what a useful thing bitcoin is. wow. couldn't live without it.

>>23533830
my mother owns bitcoin

>>23533830
Actually yes she does

Because it’s not a currency, it’s a store of value

>>23533873
And not a single penny of Ethereum or any other shitcoin, I might add

>>23533799
there is a hardcap for btc and none for other assets you brainlet. that's why it's not inflationary.

>>23533853
cringe.
btc is also useful as a store of value. your retarded coin is not.

>gold is too slow and volatile to be adopted as a widespread currency.

Is now a good time to dump $1k in BTC? Or is there a crash coming up?

>>23533799
> "Fully diluted Bitcoin count is 21 million. The fact that it is going to trickle out or whatever. Gold is got a inflation rate of 2% but it's worse than that. If gold price goes up, every miner is your enemy. They are going to mine more gold, ship more gold, etc. If the price of the commodity goes up, find ways to create more supply." Saylor
This faggot is a futurist MIT graduate with a double major in aeronautics and astronautics; and science, technology, and society who has founded multiple billion dollar companies and invested $250 Million into Bitcoin buying above $10K. I think this faggot has done a lot more research and analysis on this than you have.

>>23533913
>there is a hardcap for btc and none for other assets you brainlet. that's why it's not inflationary.
there is a hardcap for gold and none for other assets you brainlet. that's why it's not inflationary.

>digital store of value backed by the most secure computer network on the planet.
>more easily divisible than gold
>easier to take custody of and transfer than gold
>known max supply
>easier to verify legitimacy than gold
>guaranteed asset for money to funnel into during fiat hyperinflations

>>23533930
there is also a hardcap for gold on our retarded planet. so his argument is fucking dumb.

>>23533930
> Fully diluted Bitcoin count is 21 million. The fact that it is going to trickle out or whatever. I don't care.

>>23533941

sure, gold is pretty based too but im going to stick with my internet money.

>>23533913
Real estate has a pretty hard cap

>>23533965
try paying someone in another country with gold.

>>23533985
>there is a hardcap for sand and none for other assets you brainlet. that's why it's not inflationary.
>sure, sand is pretty based too but im going to stick with my internet money.

>>23534001
what's a skyscraper
>>23534011
sand and iron are worth something, but no one uses them as a store of value because it would take up too much space. gold takes up less space and crypto takes up even less space because it's all online.

>>23533965
That would give a total supply of around 8.41×10^15 tons of which we have mined like 250k tons but there's also asteroids and other planets.

>>23534059
>bruh just catch the gold asteroid with the big space net
>yooooo let's mine gold on a planet 500 lightyears away. dope idea bruhh

>>23531156
nocoiner cope number 4 billion

>>23534059
yeah earth is especially rich in gold and silver by galactic standard. we are like literally sitting on a fucking stellar goldmine. we haven't even scraped the surface of the amount of gold earth has.

>>23533817
HTTPS:
Specifically.

>>23534090
That's an aside. What if I told you the current liquid supply of a token is 1/33640000000 of the total supply? That's how much of the gold on earth we already mined.

>>23534157
>HTTPS
go back to compsci class

>>23534164
>ungh I see http
>unga bunga what's faster than that???
>HTTPS.
>REEEEEE GO BACK TO COMPSCI!!
Please go all in on UNI.

>>23534011
>doesn't have a stack of sand
NGMI

>>23534011
>not inflationary
>not realizing how much sand is locked behind the landwhales sitting on rocks
NGMI
we’ve barely tapped into how much sand is actually out there
Atlantis is basically telling us they will always buy new sand in perpetuity
All this green energy shit is the bear trap against the climate bullrun
Buy the fucking dip

>>23534181
https is not faster than http
that's why you should go back

>>23533799
Based and checked

>>23534324
cs student here.
can confirm.
takes time to encrypt data

Btc at 13k lol
Get fucked no coiners
Fucking seeeeeetheeee

>>23534324
also try to make https trustless lol it's literally built on trusted authority

>>23534611
member when it turned out https had been less secure than http for a decade because of an intentional bug left by the NSA? At the time I could look at the traffic of every https website. oopsies.

>>23534660
>less secure than http
http isn't secure at all. it's literally cleartext. wtf are you talking about.

>>23534677
>it's literally cleartext
At least it's cleartext a third party can't easily access. It was called heartbleed. I looked at the https traffic of popular websites in cleartext without needing to intercept the connections in any way. The NSA could do that for years before the bug was discovered.

>>23531807
Ethereum has more network activity and generates more fees than Bitcoin already. Hell, Uniswap generates more fees than Bitcoin. Everyone has Metamask. Have you ever used a Bitcoin wallet for anything?

>>23534741
you have no idea what you are talking about.

>>23534770
The narratives against BTC is hilarious from opponents. First BTC has too many fees. Now it doesn't have as much fees and that's a con. Jesus christ the desperation for BTC to fail is so thick.

>>23534798
What do you think you know? Because you're a cs student you think you know better about verifiable fucking history? I watched major websites dump their entire https traffic in my face in real time. It wasn't all implementations of https but the most popular ones.

>>23532091
Based Gibbs/Helmholtz poster

>>23534855

explain heartbleed to me then retard.

>>23531807
>Nothing ever beats the first product because of networking.
Look at any existing major industry you fucking retard.

>>23534914
I would only be repeating articles I read. I used metasploit or something to test it on sites I owned and others and got dumps of https traffic before patching.

>>23533944
checked

>>23533817
QUIC
To name 1.

>>23534975
wow i am pro h4x0r i can download and use other peoples tools im so kool i don't even need to know how it works
anyone with like 5 IQ knows https is slower becuase it takes time to encrypt things.

>>23532766
>>23532216
Lmao these fucks suddenly got smart in 2020.

>>23535100
I didn't claim to be a "pro h4x0r" or that https wasn't slower. I reminded the thread of the time the newer "superior tech" turned out to be worse in security terms.

>>23535163
wait sorry i got you confused with the other guy who's a brainlet.

>>23531156
Why do people buy Gold?
Let's see how volatile BTC will be at 50 Trillions market cap.

>>23533930
How's the professional quotemaking carreer going?

>>23531156
IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

BTC is pure spaghetti code. BTC was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Satoshi is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. He wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for BTC to implement a scaling solution to where it doesn't need upgrades anymore. For BTC to work, it will need constant upgrades of BTC 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because BTC's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on BTC because with each 'scaling upgrade', those who are creating on BTC will have to pivot each time to ensure their product is compatible to work on BTC. To sum it up, each time BTC decides to upgrade to scale, it just gets worse.

For BTC to work to the level needed, the amount of BTC in ever single wallet needs to be known after each transaction. Since BTC cannot implement SPV, it's impossible for BTC to scale because it does not have the capabilities to know the exact amount of BTC in every single BTC wallet after each transaction at a massive scale.

The only way to permanently fix BTC would be to roll back the chain to the beginning almost. Satoshi is just your average Japanese retard who can't produce anything of value.

>>23533930
He's also a criminal that had one of the biggest losses ever on his stock.

>>23535323
Gold scales worse and needs more infrastructure. Vaults pretty much don't scale. A third party can't verify the contents of a vault.

>>23535464
Vaults are less expensive than mining farms and third parties actually can verify the contents.

>>23535522
If your vaults are open to third parties they're shit vaults. Wirecard got caught this summer for pretending to have a billion they didn't have by hiding behind the inconvenience of auditing traditional assets.

>>23531807
False, the increasing difficulty in obtaining it is making it more valuable

>>23535606
>If your vaults are open to third parties they're shit vaults.
It's called auditing. Happens all the time. Welcome to reality.

>>23531156
RSV/RSR is the future.

>>23535629
Why are you pretending to be retarded?

bitcoin will pop like a bottle rocket because people don't want to wait an hour for their transactions to go through. lightning could take some traffic off the blockchain but it would still have to support faster transactions than it does now.

>>23535637
based

>>23535629
but who's auditing the auditors? BTC makes trust obsolete. It either is verifiable by anyone at anytime from anywhere for any reason or it isn't. If it isn't, it is a shit tier analog system that is going to die with the boomers.

>>23532001
We are years and years and years away from a MySpace ditched to go to facebook situation. We need real mass adoption and awareness first.

>>23532091
Ahh Gibs free energy I remember my chemistry degree days.

Now 'Gibs free' just means being a NEET to me

>>23535669
no it doesn't have to support faster transactions. People wait days for domestic bank transfers to go through and sometimes weeks for international transfers all the time. Normans will think an hour is ridiculously fast.

>>23535808

okay, why not use litecoin?

why not use xrp? or any other reasonably liquid crypto?

bitcoin isn't scarce because there are dozens of other coins that do the same fucking thing.

>>23532216
True also noted that in general the size of major currency markets is expected to be vastly greater than stock market caps. In which case bitcoin needs to grow a lot more from where it is now

>>23535839
>>23535816
shittier security

even paypal isn't committed to a specific coin and is running it like a horse race. it's asinine.

>>23535887

how so? how is it any worse than bitcoin when hardware itself is compromised? none of them are even remotely "secure" as far as i'm concerned.

>>23531156
It's very simple, when coworkers ask me about my investing and I tell them I do crypto they say "what is that" then I says "like bitcoin and stuff" and then they get it. bitcoin is THE cryptocurrency, you should be grateful it was ever even created and you should wish it success because as it appreciates it will pump ETH and LINK along with it. You have to understand that for normies who invest in stocks and are used to seeing single percentage yearly gains, the prospect of bitcoin being able to 2x over just a few years is very appealing. Plus it has a cool name and logo which is the most important that's why LINK and ETH succeeded no other reason

>>23535944
>then I says
My mistake, I can assure you all I am white

>>23535902
more hashrate = harder to 51% attack

>>23534944
Read my comment again you absolute illiterate retard. When the fuck did I say “the first product” ? Dumbass . I said the first product to reach critical mass.

>>23535839
XRP is basically what BTC solves. It's about securing your funds against everyone including the banking federations not buying coffee. For buying coffee I would want privacy. That may come in the form of a different network or tech on top of BTC where I do something like lock up a portion in a contract. Similar to WBTC on ETH but better.

>>23535623
Wrong. The value of a network is by definition the number of participants willing to participate within that network. Money 101.

>>23531156
>Why would anyone want to own and be paid in an appreciating asset rather than a coin tethered to the ever depreciating dollarino
The only use case for stablecoins is for nigger-teir countries with destabilised fiat currency to be able to buy stuff using something tethered to the more-stable dollar with little to no transaction fees. If you already live in the US, why would you use a stablecoin tethered to dollars if you could just use, well...actual dollars?

>>23535944
No, superior tech wins.
Link literally put no effort in marketing and fancy logos until recently.

>>23535839
>bitcoin isn't scarce because there are dozens of other coins that do the same fucking thing
That's like saying land isn't scarce because we know there are billions of planets in our galaxy. Time has and will continue to prove that bitcoin is the winner and none of your mental gymnastics about speed, cash system, smart contracts, etc. will change that. Bitcoin is the blackhole that will swallow the entire financial system within in our lifetime. Nothing will change that and it cannot be stopped.

>>23535806
kek

14k when?

>>23532091
You had me at gibs free

>>23532216
source of quote?

>>23531156
Spot the underage

>>23536021
That was a joke smooth brain, I'm literally all in LINK, and yet i still use bitcoin to explain to normies what I'm invested in.
>"It's like bitcoin but different"
>"oh cool anon"
I'm pretty sure that the average pajeet shitcoin has better tech than BTC at this point, doesn't change that BTC is the king and deserves our respect.

>>23535967

even talking about hashrate is misleading when btc's hashrate comes from ASICs that can't be repurposed for ltc. so no, it's not more secure.

>>23536144
look at the cost of 51% attacking various cryptos

>>23536022

not at all. paypal just made four coins available (in some sense) to the general public. i anticipate a cold reception, especially for bitcoin. nobody has anything to gain from supporting btc. they're not going to make a bunch of early adopters rich. if anything they'd buy ltc or eth.

>>23536258
you vastly overestimate the IQ of the average PayPal user that thinks this is going to be “Robinhood but easier” for the magic internet token thingy

>>23536300

we'll see i guess. when are they going to offer it?

it’s a store of value not meant to be used as functioning currency

>>23531807
Thanks for having said it.
Please you should repeat it more often

>>23531156
Watch the recent Michael Saylor interviews, a good one was Bitcoin in the Boardroom

Long story short, it's the new gold. But you'll get more information from just listening to him then you will here.

>>23535664
Why are you literally retarded?
>>23535740
BTC isn't verifiable by anyone, anywhere or anytime. With that being said, physical gold can't be hardforked thousands of times.

>>23536807
>Long story short, it's the new gold

tptb want you to think this. they want to reduce the average american to a rat who fights over literally nothing (bitcoin) while they hoard strategic resources. they want people to fomo bitcoin and not real resources that are actually scarce and useful.

i feel like a literal nigger for having bought and owned bitcoin.

>>23531156
Also crime rates will increase, and if it gets stolen, it would be much harder to find.

>>23531807
Actually reading this thread it seems like you are the most sane of them all

>>23536929
>BTC isn't verifiable by anyone, anywhere or anytime. With that being said, physical gold can't be hardforked thousands of times.

between btc, bsv, and the upcoming fork of bch there will be almost as much bitcoin as litecoin

>>23537043
Thank you, finally someone gets it!

>>23535379
>consented to injunctions barring them from violating securities laws
So, what, if not for the injunction or consent thereto, it'd be fine for them to violate securities laws at their leisure?

>>23534055
>>23534182
official sand /make it/ tier list
>100 buckets of sand suicide stack
>10,000 buckets of sand to make it
>fill your backyard swimming pool with sand for generational wealth

>>23535839
>the mona lisa isnt scarce because i can print off an image of it off google

you're only pretending to be retarded right?

>>23537291

xrp is much better than bitcoin in every way. the only obstacle is fair distribution and consensus and ripple seems to be working hard at doing just that. bitcoin is a piece of shit. a vote of no confidence against our ability to cooperate and recognize real value.

>>23536421
It's a store of sunk costs that WAS intended to be a functioning currency.

>>23536982
Yeah....
Watch the video. Or better yet, do some basic research on proof of work. Come up with an argument that is based on some sort of fact.

>>23533799
*disinflationary

>>23537440
>Or better yet, do some basic research on proof of work

wasting electricity by brute forcing sha256 over and over? how could that be the basis of a functional currency?

It has its uses

>>23532001
What a stupid comparison

>>23532216
My nigga

>>23537464
Because it's the only decentralized system that works. Bitcoin didn't succeed because it had an enigmatic founder or a great marketing campaign, gimmicks, endorsements or financial backing.

It succeeding because of the code. It's ambivalent to people's perceptions or opinions of it. It works because it works. It uses this system of incentivization to protect itself forever.

It's slowly morphing from a currency into a store of value. This is what is discussed in the video I mentioned. It's better than gold in all conceivable ways, and ways that we haven't yet imagined yet (it's programmable whereas gold is a hunk of metal). Also, the more popular gold becomes the more the gold miners are incentivized to inflate the supply, which happens at 2% a year conservatively. How much money is in gold? Everything is digitizing.

So, you're fighting over the category killer in the best form of a treasury we have ever created. The stock market is already massively inflated, look at real estate. Inflation happens at 7% and it's now going to twice that. These are the facts. I can go on.

>>23537327
>12 posts by this ID
>XRP
stopped reading, you're beyond saving.

>>23531156
>ETH and LINK will rise with it,
boys, imagine being a midwit. LOL

>>23537671
>Because it's the only decentralized system that works

PMs will still be worth money a thousand years from now. bitcoin is just another iteration of fiat. just because it's not issued by a central authority doesn't mean you're spending your money on something worthwhile. you don't "pressure" anyone by buying bitcoin, because at the end of the day nobody really needs it. the elite understand this, and that's why they'd rather have you distracted with something that is inherently worthless.

in short, bitcoin is not a real bargaining chip and does not give you any "leverage" in the general sense of the word.

>>23537781
gold would cost much less if humans didn't think shiny metal cool

if gold was only used industrially, it would be worth $50 an oz, not around 2k.

>>23537836

i'm speaking more about silver than gold, but we're splitting hairs.

>>23531156
>Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely).
It has a 240+ billion dollar market cap and can be bought and sold at volume in every major economy. It already achieved the adoption required to function as a gold analog long ago.

>>23537781
Fiat is based on a latin word meaning 'force'. It's monopoly money that we agree has value - however the extent to which it's manipulated is becoming almost impossible to ignore. The Fed officially posts numbers around 1-2%. This is bullshit, look up the Burrito Index. True inflation is 7% conservatively. With the Fed now targeting twice that inflation, the inflation should then logically reach 14%, some give larger numbers. The Fed can't say that inflation is 7% because people would freak out. Financial education isn't taught in schools. Bitcoin is diametrically opposed to fiat, it's founder was extremely outspoken on this point, so to call it fiat is lazy at best.

Now, all forms of value are formed out of our own values. But timing is everything. I invested in real estate in 2013, thanks to that my house will be completely paid off in 2023 and I'll retire at 43. If I would have bought in 2007 - different story. Timing.

This is all within the last 6 months. The writing is on the wall with bitcoin:
>You have the aforementioned massive inflation.
>You have people sitting at home all day putting 2 and 2 together.
>Bitcoin has finally shrugged off its past slander and is being finally accepted for the genius that it is.
>JPMorgan (the biggest US bank) FLIPS from calling BTC a "fraud" to "considerable upside".
>Square invests 50m.
>Billionaire (genius) Michael Saylor invests 500m.
>Fidelity opens Bitcoin fund (you'll be able to invest with your bank/institutions)
>Paypal
>Paul Tudor Jones "even more bullish"
>Jerome fucking Powell talks to the IMF about ongoing developments on CBDC's. IMF bullish. China already has them in the wild. Other countries implementing them.
>"Ask a millenial how much gold they have - none, now ask them how much crypto they have - they won't tell you. Because they're embarrassed by how much they have."
>Boomer to Millenial wealth transfer will be the most gigantic in history, and Millenials today only own 5% of the wealth

>>23538037
>>JPMorgan (the biggest US bank) FLIPS from calling BTC a "fraud" to "considerable upside".
>>Square invests 50m.
>>Billionaire (genius) Michael Saylor invests 500m.

these are media stunts. jpm has been buying silver for years and has a huge stockpile. rich people own bitcoin because they mined it and have tons of it.

pajeet my son... do you want imperishable treasure or worthless digital token?

>>23538074
proof that you can only show someone the light but you can't lead them to it until they are mentally ready. That being said, you sound like you're going to your grave with your shiny rocks. Good riddance.

>>23538127

nobody asked you

>>23538074
Jack Dorsey is hyper-bullish on BTC. If you'd listen to the Saylor interview you'd see the irony in your post. Yes, JPMorgan may very well be shilling Bitcoin to distract us from silver - if you want to bet on that, have at it.

You're not getting the larger point, which is the paradigm shift nature of technology. Google, Facebook, Apple, Amazon. These were the category murderers of their respective domains. They digitized and ate up their entire markets. You don't hedge Apple by buying Blackberry. You don't hedge store of value by investing in gold.

Where gold was a good substitute for a store of value, Bitcoin is store of value perfected with a market cap that's inconceivably negligible relative to gold. Again, we have to look at trends - Millenials are not buying gold. Look at /biz/ - no one fucking cares about gold. I used to have gold, now I don't, if you don't keep up with the times you get run over. Bitcoin is only going to get smarter being backed by arguably the largest pool of technologically obsessed people out there, with this comes more use and implementation.

>rich people own bitcoin because they mined it and have tons of it.
This is the beautiful thing about Bitcoin. This is completely wrong. Hedge funds haven't bought yet. For once the peons get a chance to frontrun something.

>>23531156
>Bitcoin is too slow and volatile to be adopted as a widespread currency.

Ehh, its not doing too bad except Tether is beating it which is embarrassing

>>23538158
and it's clear, despite posting 17 times in this thread, that you never really wanted to know

>>23538255

if you kept up with the times you'd know that xrp won the crypto wars long ago.


and is bitcoin really what you want to be holding? of all crypto, bitcoin?

you don't have to get all your news from joe rogan and celebrity billionaires, you know.

>>23538509
I have a small bag of XRP due to the CBDC implications, I've heard it may be used as some sort of interledger, but it's a side bet long shot. As for what "works better" or "is faster, or cheaper", that clearly doesn't matter if you kept up with the times. I had a Zune back in the day, it was objectively better than an iPod, didn't matter. Network effects, first mover advantage.

Bitcoin is the category killer. It's the runaway winner. You would need a paradigm shift for XRP to somehow outpace Bitcoin, it's a fun scenario to play in your head but it's fantastically unlikely.

>and is bitcoin really what you want to be holding? of all crypto, bitcoin?

I've held dozens of altcoins, made a lot of money - it's a write of passage. But none of them would be here without Bitcoin. It's clear that it won. You have to look at the macro trends and outside your own head, this forum and the crypto sphere - if crypto becomes truly embraced, which I believe it will, Bitcion is the fastest horse and the one to bet on.

>>23538509
Get back in your containment thread schizo, or Ill get the cattle prod

A lot of posters ignoring Ethereum

>>23538509
BTW watch that Saylor interview, but also listen to Andreas' speech. This is about more than just Bitcoin, it's a philosophical ideal that transcends technology.

https://www.youtube.com/watch?v=hj-RRAYLoaM&t=631s

There will be greater ambassadors. More heartfelt speeches. This is why Bitcoin will win and should win. I wouldn't want my money anywhere else. So yes, Bitcoin really is what I want to be holding. By far and away and I'm proud to own it. Although I believe the ROI will be unprecedented, it's about more than ROI.

>>23531156
becuase .....
its paired agaisnt everything
most proven dev (lol tractor logo, eth hack etc)
very good liquidity

>>23532706
READ THIS. If you still don't get this, you're too dumb to get this. Or worse you're a low IQ idiot who thinks he's going to invest in something better that Bitcoin and ends up under-performing or losing money while you have a golden opportunity still being early in the crypto space. Even normies entering late and investing in Bitcoin will do better than you
>>23535839
>>23537327
And right on cue you have the low IQ village idiot of crypto the XRP bagholder who'll never get it. Saylor, Dorsey, the growing list of billionaire investors and institutions are not going to buy bags of a scam coin that have not been distributed yet where the founders and the company still own 80% of the supply and where there is no demand or liquidity to for them to sell large amounts. For them XRP might as well be chucky cheese tokens. There is a reason why Grayscale's Trust holds 5 Billion in BTC but a paltry 7 Million in XRP even holding 3X times more LItecoin than XRP of all things. Institutional Investors are not retarded crypto bagholders who are going to buy an asset where a handful of people the entire supply which has no liquidity.

>>23531156
Imagine still not understanding why btc is and will forever be #1 in fucking 2020

>>23537291
>Implying the mona lisa in the louvre is actuallu the real one

>>23533830
no one gives a fuck about your poor bitch mom knowing about btc

it's about companies embracing BTC. look what's been happening this year FAGGOT

retail isn't shit.

ITT: faggots that don't understand the difference between money and currency

bitcoin is the hardest money that there is

if you can't comprehend the value proposition then just don't buy and stay poor, nobody is forcing you to make it

>>23531156
>Why do people still invest in this? Gold is too slow to transport and volatile to be adopted as a widespread currency.
you sound like this

>>23537257
sirs please do the needful and buy SAND , many riches come to you ,

>>23532169
> A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.
You are the stupidest gorilla nigger I have ever seen on biz. We will never meet, but my greatest hope is that one day I can somehow attend your funeral and provide an eloquent eulogy about why a mongoloid such as yourself was the lowest form of biological intelligence; a nigger rock trapped inside of an even dumber nigger body, the greatest singularity of non-human intelligence to ever grace this planet. You will never provide any sort of value to the universe, and I suspect your existence is simply god providing humans with a humorous example of de-evolution.

>>23538597

your zune is like some shitty fork though. bitcoin really has nothing to offer over its competitors. paypal has given people choice and they're not going to buy bitcoins at 13k a pop. they're going to buy bch, eth, and ltc. better, faster, and less expensive.

>>23538750
I don't believe in ETH, personally. One day I feel like the rug will disappear

and if paypal had faith in bitcoin or wanted it to maintain it's marketcap standing they wouldn't have offered bch or ltc.

now what would be really interesting is if bch turned around and added segwit. paypal shows interest in the lightning network, which is sort of a hack but if they want to go that route i guess they need segwit

in fact, bitcoin is downright unfashionable. it's no ipod. too many nerds did too much bragging and normies are sick to death of hearing about it.

>>23539530
It had much more going for it then a fork. It was built from the ground up by Microsoft.

What you're talking about is the human psychological bias behind the arbitrary token supply. Satoshi could have made 10x as much and it would be worth 10x as less. Or any conceivable number. This wouldn't effect Bitcoin fundamentally in any way. Though I don't dismiss the psychological phenomenon, it ultimately doesn't matter.

Once Bitcoin gets to 20k, 50k, 100k, 1m - people don't think of it in terms of "how many Bitcoins can I realistically buy", they simply see it as a good asset.

>Nothing to offer over its competitors.
I don't know why you say this. Look at BCH and BSV. Even Dogecoin arguably is built better than Bitcoin. You're missing the point. PayPal won't change how people invest. Metrics have shown that people don't like spending Bitcoin, they like holding Bitcoin.

>>23539632

i just don't see it being as popular as the other three on paypal. how many ltc will people buy for every .1 btc? there's only 4x more ltc than btc. only 2x if you group bch and btc. you think people are just going all in on btc? no chance in hell.

>>23531807
yfi and core already surpassed btc

and keep in mind they can only realistically be used through the lightning network or other "buffered" solutions where the blockchain is largely insulated from paypal's massive userbase. so you're really just buying paypal tokens.

i bet they'll eventually enable sending and receiving but only for ltc,bch,and eth.

>>23539677
The market has already proved your thesis wrong though. Just because a coin is "less expensive" doesn't mean anything. Bitcoin invented cryptocurrency. It invented proof of work. It made possible the idea of decentralized currency. It's the crypto you hold for 100 years.

So, people are already going all in on BTC. Just look at the market caps. If there is a mass movement, it will be Bitcoin, I've never heard of any altcoin besides Ethereum and Bitcoin mentioned in any conversation or setting outside of the internet, ever.

You seem to think that PayPal users are somehow inherently different from existing investors. In any case I don't think PayPal means much for Bitcoin anyways.

>>23539746
>You seem to think that PayPal users are somehow inherently different from existing investors. In any case I don't think PayPal means much for Bitcoin anyways.

there has to be so much wash trading and other bullshit going on. i don't really trust the "established" patterns to hold. it's too predictable. it's not so much paypal users, but paypal themselves. if they're serious about doing something with the lightning network it would still be better for them to use a crypto that isn't slow as balls. that means ltc, and they could crush bitcoins marketcap status on a whim by promoting litecoin or whatever else.

>>23539703
PayPal will essentially become an exchange. Exchanges have no issues making money off of exchanging crypto. PayPal will make money off of fees, spread, price that they set.

Exchanges make money and this is how they'll do it. Keeping your money in this PayPal exchange won't necessitate any blockchain transactions because you're buying and selling in their ecosystem. If you want to withdraw to a personal wallet, again you have a fee and a bid/ask they control.

I have no idea the future, but excluding Bitcoin in any fashion wouldn't make any sense considering it takes up most of the market.

>>23539827
>I have no idea the future, but excluding Bitcoin in any fashion wouldn't make any sense considering it takes up most of the market.

and that's why it's boring. stale. expensive. i'm not the one who's out of touch here.

>>23539787
As I said here >>23539827

Exchanges don't need to add all transactions to the blockchain that happen on the exchange. That's because when you buy/sell on an exchange/PayPal, you're just getting an IOU from them saying that you have that much in your account. You can do 1 million trades and it costs them nothing on the blockchain. If you want to withdraw to a personal wallet, that's the only time when the blockchain will be involved.

ltc and eth may be old news to you but they're not to the general public.

>>23539888

it would still overwhelm the bitcoin network, which cannot support a triple digit transaction-per-second throughput.

>>23539860
Yeah, well I don't know what to say to that. I find it incredibly fascinating. What's stale are the tens of thousands of cryptocurrencies that have come and gone, all vying for use case and adoption and finding none. Absolutely none. The amount of promises, roadmaps and partnerships is hilarious.

Bitcoin is the first programmable, borderless, trustless, sleepless store of value that is the hardest and soundest form of money ever conceived and it's only 11 years old. Zoom out. You're missing the forest for the trees.

Anyways, good luck. But don't count Bitcoin out just yet.

plenty of people resent bitcoin and early adopters. people my age trade options and want nothing to do with bitcoin. gen z have no money yet.

>>23539939

that may not be the same perception that a new investor has.

>>23539746
>'ve never heard of any altcoin besides Ethereum and Bitcoin mentioned in any conversation or setting outside of the internet, ever.
My own MOTHER told me one of her friends had a son who was “big into chainlink” in 2017 when I was balls deep in ETH instead
Should’ve fucking listened

>>23531156

it's not being adopted as a currency its being adopted as a commodity

>>23533926
If we hit 14k it'll be 20k in a few weeks I'd think.

>>23539309
WTFWT

>>23537291
OMFG the absolute state of XRP holders

>>23537327
You guys clearly are retarded

>>23540063
You should go find out what hes into now.

>>23531156
think about it in the context of interbank transfers or international payments as part of tradfin.

where else will you be able to have a payment for $1M accepted in less than 30 mins where that transaction wouldn't require a prostate exam, a notary, and $1k in transaction fees?

granted other cryptos enable this with pegged assets etc, but BTC is now the Facebook of crypto. other assets may come and the at the edges, but there's literally too much invested in keeping BTC running for it to just die or go to zero. The network effect has spoken.

>>23533799
nobody in their right mind measures on the basis of liquid mcap

fully diluted or nothing you colossal faggot

>>23539687
lmao
retards really dont know what a market cap is

>>23533830
you retard

literal fortune 500 companies are holding btc

of course it's reached critical mass

everyone with money they want to have the potential to see grow entirely passively for a century will invest it in bitcoin because it is the ONLY finite asset in the world with mass adoption, little to no carrying costs, and also very little risk of losing value on a longer time horizon.

>>23536065
Lel

Srsly where gibs tho

>>23533941
the difference between the btc and the gold hardcaps are that we know what the btc hardcap is.

what's the gold hardcap, anon? give me a specific #, in troy ounces please.

>>23541013
I do I was just shitposting, much like when I tell stinky linkies that it's unlikely for them to become billionaires off of a coin with 100 billion tokens and a market cap of only 6.7 billion at peak.

>>23531156
>Why do people still invest in this?
Because it is the best store of value.

>Bitcoin is too slow and volatile to be adopted as a widespread currency. A stablecoin would be used if crypto were ever used as currency.
Yes. Good thing Bitcoin isn't chasing the everyday payment use case then.

> Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely).
It's here.

> Ethereum and Link offer actual utility value (smart contracts).
Yes.

>Even if Bitcoin rises in value, ETH and LINK will rise with it, likely even more, due to their lower market cap.
Yes. BTC/ETH/LINK is a good portfolio. It covers store of value, smart contracts and oracles, three different, solid use cases, where each presupposes the previous.

>>23534160
That's insane. Where's all that gold hiding?

>>23541441
Everywhere. Veins are formed by water accumulating it from everywhere.

Is 10 BTC enough to make it?

>>23533944
>digital store of value backed by the most secure computer network on the planet.
ignorantfag here, is this true?

>>23542079
hey, fuck you, you are hurting my feelings

>>23532091
>crystal is able to effortlessly grow after passing its critical mass due to a more favorable Gibbs Free Energy condition
Crystals are niggers confirmed

The responses here restore some faith that biz is not just filled with retards shilling scams and that some of us are actually going to make it. I can't imagine how some of you are going to feel in a few years knowing you were in crypto and had the opportunity to accumulate BTC relatively cheap but instead you held some gimmick projects or coins that were faster.

>>23539687
>hurr durr yfi and core surpassed BTC
>cites spot market price and not the market capitalisation
Are you actually this fucking retarded? Holy fucking shit

>>23541141
bitcoin had smart contracts since the first release tho and with taproot the limit on how complex they can get no longer exists.

>>23539623
Until they hear about it going past 50k at which point they will call you and ask how do they buy bitcoin and tell you they should have listened to you sooner. Many such cases

>>23544739
Had two people ask me how to buy in the last month or so. One is my best friend and the other is my dad’s friend’s daughter. Some people are slowly waking up to BTC.

>>23540562
Still Link if he was in that early. He knows

>>23544771
I've been in crypto since early 2018 (just missed the previous cycle top by a few monyhs) and have told almost everyone I know at one point or other. A handful bought in but most just didnt have an interest. In the last six months, since lockdowns, I have had over 10 calls or texts from those people asking about it. Half my family are in too now. It's how it goes.

>>23531807
>ABSOLUTELY NO SHITCOIN CAN EVER REPLICATE BITCOIN’S MOMENTUM.

this guy gets its. Bell, Apple, Microsoft, Standard Oil, US Steel, You can't catch these companies, you can only split them through force and deal with the resulting inefficiencies. They will not ban btc. They already tried to forked it. btc is king.

1. Proof of work blockchain
2. First mover advantage
3. Deflationary currency
4. It’s not meant to be traded as a currency. In 20 years Eth will have fallen to ADA to the next blockchain, but Bitcoin will still stand.

>>23532169
>Ethereum is a fucking joke.
And will be as long as AWS is cheaper per cpu instruction and easier to use.

>>23545156
Bitcoin is not a company as much as it is a product. When you buy crypto you buy a product. Not a stock in a company, so it’s very different.

>>23533799
OH NO! the supply will increase by 15% over a hundred years!!! Gold doubles in supply every 70.
>read a fucking book anon

>>23532169
Honestly, consortiums are going to be the only "viable" blockchains in the working world. Fully decentralised public networks create more problems than they solve

>>23535379
>He's also a criminal
yes. And a criminal liar. Might be an exit scam type move by saylor. Or a way to lock those assets if the SEC moves against his company again. Regardless, beware of Saylor.

>>23537781
>a thousand years.
No. As soon as we mine asteroids, we 10,000X the supply of gold within 10 years. Gold will not be valuable in a hundred years.

>>23545211
Bitcoin: Its a software that creates the product. The product is a network of miners that required high capital expenditure. The miners are talent running the network using a shared protocol.
Bell: Its an organization that creates a product. The product is a network of operators that required high capital expenditure to set up. The local operator is the talent running the network using a shared protocol.

They are the same.

>>23535464
Uh yeah...but gold is an ELEMENT of the periodic table. Try using computers without gold.

>>23545433
No it’s not.

Bell can create the telephone and then the cell phone, and technology will update over time with an investment in Bell’s stock.

Bitcoin is Bitcoin. It won’t migrate to another blockchain. It won’t become more scalable or robust. It won’t do anything except hold a blockchain on a network.

It is not really a cryptocurrency rather a store of value. Cryptos will come and go, but Bitcoin will stay. However, the idea of buying Bitcoin and holding it for 100 years seems silly.

>>23531156
Why do people still use http? http is too slow to be used as a widespread web protocol.

>>23545662
>It won’t become more scalable or robust
neither does a manual telephone operator network. They just add more operators because the network itself is the product, not the phone.
>technology will update over time
They installed the same phone in people's houses for like 45 years.
Bitcoin can be updated as a protocol. What is Bip9? What is consensus?
>the first cryptocurrency isn't a cryptocurrency
yeah yeah yeah. Black is white, up and down.

the bitcoin network has the exact same traits as apple, bell, facebook, google, hersey, Budweiser, us steel, standard oil, and other tech monopolies throughout history.

>>23545662
bitcoin is bitcoin but bsv is bitcoin not bitcoin

>>23545996
>the bitcoin network has the exact same traits as apple, bell, facebook, google, hersey, Budweiser, us steel, standard oil, and other tech monopolies throughout history.
Bitcoin maxis are the most delusional people on the planet. XRP faggots look sane next to you.

>thing is good
>bitcoin is literally [thing]
Yeah bro, bitcoin is EXACTLY like google and nothing like yahoo. It's EXACTLY like Facebook and nothing like MySpace. Bitcoin fixes this. Bitcoin is not akin to a digital gold, it IS digital gold.

If there was modicum of genuine utility you might talk about that but as adoption has fallen, you have clung even harder to your delusions. Very sad.

>Store of value meme
Only ONE (1) of the following needs to play out for Bitcoin to crash into 3 figure range

>Satoshi dumps his premined bitcoin
>Quantum computing cracks Satoshi wallet
>CSW (Satoshi) exploits the fatal flaw to kill BTC
>NSA have already cracked SHA-256 and therefore BTC can be killed at any stage
>Chinese miners commit a 51% attack of the network (already possible according to CZ)
>TGD collapse flooding Chinese miners causing them to dump all BTC and possibly killing the network temporarily
>USA bans all fiat ramps
>A new coin with real utility usurps BTC and all the fairweather holders flock to the new best "store of value"
>Tether exit scams

I'm sure I've missed many

>>23547821

sure any of these, but the protocol would be fixed in about a 2 hours and buy back time.

this happened in 2013, the update broke the network, it was very interesting to watch the real-time fix. The devs came together really quickly to fix it all...

now this vs ....

every decision made by a gov anwhere is always wrong because it can tax

>have millions
>commies get into power
Now
>move millions into muh gold
>have to transfer tonnes of heavy metal to another corner of the earth undetected
Or
>buy bitcoin
>memorize 12 words
>go on a vacation and never come back
Well?

>>23548207
>commies trace your KYCed purchase and suspend your passport
what now

>>23543416
>this post

kek

>>23547181
>straw man t post.
I said "exact same traits," like % market share, first-mover advantage, capital intensity, network effects.
You are upset at missing out on the financial revolution that is well underway. I get it. I gave 20k to my a family member abroad in less than 20 minutes for like $3. That was utility, save me 3 days on a wire. you are delusional.

>>23539418
Cope

>>23534770
also VISA, then go and buy VISA stocks retard

>>23531156
This guy has the right idea. We need something that is feeless or equivalent, as well as something that is being adopted into the real world. That something is called XRP. You'll all be sorry for not investing in it, but I see that you're still on the hype train with "muh linkies, muh bitcoins, muh ethereums". Here's a benefit for you if you really are that stubborn: you get a free token airdropped into your XRP wallet if you hold any amount starting in the beginning of December. Load up while you can, because everyone knows about it, and it's gonna go up super fast nearing the end of November in anticipation of the airdrop.

>>23531156
BTC ABOUT TO GO PARABOLIC WTF!

>>23548945
>first mover
I don't think a single one of those companies was a first mover.

>capital intensity
What?

>network effects
Bitcoin network effects have been going backwards since 2017. Full blocks meant most people stopped accepting it.

>I gave 20k to my a family member abroad in less than 20 minutes for like $3
No, you sent them $20k worth of BTC tokens. You could do that just as securely with hundreds of other tokens.

At this point crypto is pure speculation and btc is the flagship even boomers know. So if crypto is a hit btc will be the first to moon regardless of its actual utility.

>>23549713
>You could do that just as securely with hundreds of other tokens.
At this point there is no excuse for anyone posting on /biz/ to be this retarded. Willfully ignorant.

Because every normie knows bitcoin so if crypto booms btc will be the first coin every normie will buy regardless if its useful or not.

>>23549859
Wtf are you talking about?

>>23549859
I have to imagine the dude is just trolling or retarded. He said that Bell wasn't a first mover...Alex Graham Bell invented the fucking telephone.......

>>23550476
Bitcoin is different because it’s like investing in the telephone, not the future of the telephone.

The reason Bitcoin is a store of value is that it’s proof of work blockchain is incredibly secure. It’s not to function as a global currency, but neither is ethereum at the constant rate. It’s an extremely scarce digital store of value that will only become more scarce.

The global crypto currency has not been created yet. Invest in this guy at least for halfing season.

>>23531807
>>23532031
>>23532091
>>23532107
>>23532766
>>23533873
>>23533895
>>23535969
>>23535987
>>23537124
>>23543416
Based maxi. I'd give you gold if we were on Leddit.

>>23550589
No bitcoin is like investing in the long-distance trunk lines that sold access to local providers which were often local independent companies that used Bell's long-distance *network * to transport information across the country. That's the entire lightning network/defi/layer 2 solution hit. There was never "a global telephone network" yet Bell dominated for 100 years until government force broke them apart, just like bitcoin will dominate the coming decades. Standard Oil used a model very much like this.
>bitcoin is incredibly secure.
We don't know that. SHA-256 was not recognized by NIST as a quatum hardened standard. the 51% attack is doable. On/off ramps can be closed at any time. Bitcoin has zero privacy allowing bad actors to target individuals and expose them to hazard.
>store of value
currency is a 'store of value,' just all it an asset or currency instead. They call gold a "store of value" but it lost value from 1981 to like the 2000s. its not an good phrase, and requires a lot of context to make it work.

>>23549859
>>23550476
For the purposes of sending $20k (money with an actual network effect) using an intermediary crypto that can be exchanged for dollars at either end, it comes down to the security (eg PoW hash power) of the crypto and the liquidity at the exchanges. Seeing as there is millions of dollars of daily volume and on chain transactions for many cryptocurrencies, a transfer worth $20k could be just as easily made with many cryptos.

>>23550476
>1/8 of the companies I compared bitcoin does have one of the traits I specified, actually.

You're right OP, that's why I invest in the superior BetaMAX!!

>>23551455
on the first mover question:
Bell-Invented the telephone
US Steel- Pioneered vertical intergration and new refining technique
Standard Oil - Logistical and chemical Genius, first a ntional level network
Anheiser-Bush - Trans state vertically intergrated beer delivery
Facebook - Public social network limited to .edu email address holders. So first verified social network
Google - Pagerank
Hersey - Clean room technology
Microsoft - First GUI for consumers
Bitcoin - first crypto

All these companies captured over 50% of the market within the first 10 years.

All these companies had name recognition with normies even if they had zero exposure or use case for the technology.

Hersey was the only one not broken by government intervention. (unless you count Europeans subsidizing their chocolate companies to remain competitive)

All these companies required massive capital expenditure to compete with. Just like converting bitcoin mining operations (given the hardware hashing) would be very expensive.

get fucked. Read our history and bet on our future.

daily reminder that its just a protocol and can be upgraded/changed/extended, or whatever.

Its not the tech. Its the ledger

>>23551278
you said there was "no utility". I demonstrated the there was indeed utility. You then shift the goalposts to "unique utility"

>>23552197
You're an idiot dude. Going off half of those examples you'd think bitcoin vertically integrated something. Then the other half you add some caveat like "first with x feature". You're just picking winners and doing mental gymnastics to compare them to BTC.

>>23552281
indeed this anon gets it
bitcoins value is in the ledger
and in consensus
tech is tertiary

>>23552566
part to whole fallacy but good try.

It's not too late to pack your bitcoin bags and punch a ticket, next stop lunar station.

>>23532706

>>23532706
>>23552814
Yup, big brain long term thinking and describes the value proposition for Bitcoin. People still don't get it

>>23531156
It’s a inflation-hedged asset

>>23531156

How is a coin "stable" if it devalues every year?

>muh internet money
nobody will give a shit about crypto once the digital dollar is a thing

>>23554845

Why?
Why would anyone if everyone can access digital money and it's accepted, use a currency that is not used worldwide, devalues every year and is controlled by a central institution that can just print more when they decide to?