/biz/ - Business & Finance

There are none.

>>29023305
I assumed the market cap was so high relative to world wealth that at this point it ls no longer a safe bet

>>29023305
china holding most mining power

ETH is more valuable

>>29023305
i have none
the question stopped being "should i buy bitcoin?" in 2021. the question now is "what % of my portfolio should be bitcoin?"
1% bitcoin makes your portfolio keep up with real inflation. 2% makes your portfolio beat inflation. 5% will make you rich in 5 years.
you just have to decide what your risk limit is mostly based on your portfolio size. it's an asymmetric bet.

>>29023467
This one is a genuinely good argument. I wonder if the percentage of hash power in China will increase or decrease as time goes on?

>>29023467
holding is such a strong word you could maybe say currently located in china but that can change in 2 weeks time.

My argument is that i believe there’s more opportunity investing in other things with higher potential short term gain.

It really depends on your position. If you have millions in BTC then by all means hold.

If you have maybe 10k to play with then don’t buy BTC. Even if it goes to 100k you’ve only doubled your money. When there’s plenty of chances for 5x, 10x etc

Yes there’s risks in these alt coins but we all need to take risks to make it.

>>29023573
it used to be 90% and now 50% so it changes.
usually in a bull market it concentrates then gets distributed because new gen miners are made in china and chineese miners get first dibs. old hardware is shipped out of country.

A Basilisk lives on the blockchain

>>29023575
China thinks they have a lot of money now kek. Thier face when the CIA pulls the plug

>>29023622
you never heard of a leveraged long position?
in this market where corrections don1t seem to exist you can make a 100x on a 2x move with a stop in profit.

>>29023305
If everyone stopped using bitcoin, it would be useless. Once people realise that alt coins do what bitcoin does but better, it will be left to rot.
It literally only has first mover advantage. Just like MySpace, it will be succeeded by something better.

>>29023686
So there's another argument, government control or regulation. It is decentralised yes but what if govts tax the shit out of it or make it illegal to own

>>29023766
Yes this is the popular argument at the moment. Will bitcoin be rendered obsolete by new tech? Can peripheral bitcoin tech not be improved to keep up with change?

>>29023766
>alt coins do what bitcoin does
once you realize they don't really you become a bitcoin maxi. it's inevitable. maybe next cycle for you...

>>29023305
Volatility
Replacement
The upcoming invention of quantum computing
Global regulations
The upcoming great depression

Any one of these could send BTC straight to zero over night, BTC is a good ROI until some black swan fucks it overnight. Don’t invest any money in it that you aren’t willing to lose permanently.

>>29023766
this was a popular argument in 2013-2015 btw.

Because every other investment is out of my reach

>Property

I need a 20% deposit where I live where house median is nearly $1,000,000, and where prices are rising 10% every year at minimum...

>Stocks

All done by artificial intelligence algorithms and works against the retail trader, manipulated game for rich boomers and Jews to stay rich and make money off hopeful peasants....

>Index Fund / 401k / Retirement Pension "safe" investing

While this is fine, you might get 10% on average gain per year compounding, but we can't even touch this money until we're 60+ years old, which is 25-42 years away for most of us 18-35 year olds on here, hyperinflation is going to eat up a lot of those funds by the time we get it, our gains just wont keep up with it, plus we cant even access it anyway, its really just a PLAN B.
---- So whats left? -----

Cryptocurrency, we may as well just fucking have a go at it because we have nothing else we can do with the money, we're priced out of everything else by the boomers, Cryptocurrency is the only thing we aren't priced out of by boomers (yet)

-99% of investors dont understand it
-Mainstream buyers are retards (pomp, sailor)
-The value of btc comes to derivative exchange
owners. (no regulations, allowing underage kids to gamble, liquidating people forever)
-If your main belief in btc is "edge against inflation"
and other cnbc ideas you fell for the slogans they sold you

>>29023997
>Overnight

I think you're forgetting how stubborn stock/crypto cultists are.

It's sure to be outpaced and have it's utilities outsourced through other coins, the fees and time have made it so it won't be the new borderless currency of the future, it'll act as a storage of value sure, as long as it retains the interest in that regard,. Also there are much better gains to be had in alts

>>29023907
In all likelihood it will be left in the dust.
DeFi will however be the future of finance, boomers gave away too much power with the promise of comfort and now we are paying the price. Personal control over our own finances are the first step in regaining control.

>>29023997
volatility is manageable by exposure/hedging not an issue.
replacement is not an issue for the next decade.
quantum computing is a legit threat in theory but very much science fiction right now. nevertheless it's one of the higher iq arguments.

regulation is what can hurt the corn most. fucking boomer tards...

>>29023622
Ok. But whatever you would say have potential to do 5x also have potential to be wiped out. I keep 50% of my portfolio in BTC since it was 20k since i know it will reach at least 100k. No other coin can say the same (beside ETH)

>>29024069
I believe in btc as an idea, but we are in the place where high profile people who dont understand it are buying it and shilling it to the max so retail pumps their bags.

>>29023402
Literally the market cap of all crypto combined is barely 2x TSLA

rofl you still use this shit
DON’T BE SUCH SO STUPID
I’m not a faggot who believes you and go for trash
I am waiting for bot ocean release to trade with safe

>>29024089
relatively speaking of course

>>29024213
we also live in a period where real inflation is 10-15% and will be 15-20% soon. big boys getting a few% exposure in bitcoin is inevitable.

people forget that adoption is an S curve. and it can get fucking steep in the middle.

>>29024234
indeed the growth potential is staggering.
it doesn't have to happen but it has a good enough chance of happening.

>>29023305
3 mining pools have central control

>>29023305
3 mining pools have central control
Tx fees will dry up by moving to ren, may cause bitcoin to become unprofitable to mine when emissions stop
Bad technology that autosends remaining balance and no smart contracts
Money is a jewish concept and there doesnt need to be currency per se, barter on uniswap proves fiat is imaginary and bitcoin is nothing as a stand alone it is only something as a replacement tech, yet it replaces an altogether dead end concept in fiat

>>29024430
mining pools are like gaming clans tho.
the members can leave the clan form a new one or join an other if they don't like something.

>>29023402
We'll hit 20T marketcap by the end of this cycle, Crypto capitalization in theory should be much higher than internet tech in its infancy, especially considering total world wealth growth since then.

Crypto isn't a meme at this point, We always said that the game will be decided the moment BTC reach those numbers, It's inevitable at this point

>>29023305
All non-quantum cryptography is doomed.

>>29023467
>mining pools are not hashing power
>daily reminder

Tether
No way to value the asset
No way to fully measure risk
Energy costs
Risk of bad/regressive regulation destroying the space
Risk of being dethroned by another crypto

>>29023305
Bitcoin and crypto in general will not survive even 100 years. I'd be surprised if they last another 50 if advances in technology keep up. Any store of value that can be replicated eventually will be replicated and thus eliminate its use as a store of value.

Fiat money is backed up by the security of the governments which issue it and that security cannot be reproduced. It can be manipulated and reproduced to a small extent, but as long as the backbone remains strong (the security of the state) it will be valuable. Same with gold and precious metals.

Crypto can and will be reproduced and manipulated with technological advancements. The only backbone it has to rely on is speculation that it will outpace the technologies trying to break it.

Did you know that gold is formed by colliding neutron stars and that makes it not just one of the rarest elements on earth, but in the entire universe? This means if we meet aliens and want to buy alien sex toys from them we will probably use gold to trade with.

>>29024719
we probably have a century till that tho

>>29023305
My cousin in Texas.
>Pours all available income from the past 2 years into bitcoin
>Snowstorm hits Texas and wipes out his power for 4 days.
>Needs my aunt to wire him a grand cause all his shit is tied up in like 3 bitcoins which he has no access to cause of the storm.

If I learned anything from this, it's, have some precious metals on hand. Just. In. Case.

>>29023305
It is not quantum resistant

>>29024900
Banks are not working either lmao

>>29024825
gold is not rare at all. there is enough gold on planet earth to cover all surfaces on the planet including ocean floors and your body hairs a feet thick at least. if you look up rarity of elements gold is awfully abundant. now tantalum, that's rare...

>>29024926
that's only partially true. bitcoin has decent quantum resistance except for the earliest coinbases like the satoshi trove.

Tether fud. It's not that I don't believe in bitcoin longterm, but the tether scam makes me absolutely convinced this won't be the bull run the flips everything. Tether must blow up, take 90% of bitcoin's value first.

>>29024977
>gold is not rare at all
Yeah I found some in my backyard under a cat turd just the other day.
What a fucking dunce.

>>29024966
That's what I thought at first, but the Western Union is apparently up and running by him still.

>>29025099
it's not rare and what's more funny it's not more rare than silver at all. gold has an intrinsic value at about $50 an ounce tops. rest is speculation.

>>29023305
you would have to be absolutely retarded not to own any crypto in Q1 2021

>>29023305
My only argument would be if you could get a better return with another investment.
Keep in mind when you are talking other cryptos you have to consider the downside risk and lack of it with bitcoin comparatively.
I've been moving into ETH just because I'm already pretty well positioned into bitcoin and I want to get some exposure to a more speculative coin that isn't a total shitcoin

>>29023642
We don't talk about Roko's Basilisk.

>>29023705
>leveraged long position
Can you do that with Binance?
I'm guessing not with Cuckbase.

Stfu retard is that your first 10% profit ?
don’t be a tard who trashtalks here
tell me what bot u use for it
I am smart enough to understand how it’s working
Bot Ocean - the thing u need

>>29026196
>Specifically names it
Yikes

>>29026363
binance sure phemex too i like bitmex better tho more mature ux and better contracts than phemex. binance is supposed to be good too.

>>29026756
Thanks fren.

>>29023997
i hope you like your second week on here too!

I don't have anything against Bitcoin, I invest in Crypto out of a large interest in the underlying technology and Bitcoin is the least advanced in that respect.

>>29026196

>Roko’s basilisk

What’s that?

>>29027389
Reported to the jannies.
Theres a Vishnu living on the blockchain by the way.

>>29027044
HAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAAHAHHAHAHAHAHAHAHAHAHAHAHAAH

Look at this dude ohnonono...
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHA

What's wrong with this statement?

Midwit here but what frankly what scares me most is the protocol getting hacked. If this happens, game over for the entire crypto space.

>>29027044
>in it for the tech
>chasing the red herring of utility
>ignoring why bitcoin was made in the first place
many such cases

>>29023402
Bitcoin is still tiny, still much smaller than Apple or Microsoft - even tough Bitcoin's implications are much bigger than that of either of those companies.

Even if it's not a safe bet there's still much more upside than downside.

>>29023305
Bitcoin for me is like retro video games, they are antiquated but you love them anyway, maybe just for the nostalgia

>>29023305
Satoshi could theoretically decide to dump his bitcoin and completely crash the market for years.

>>29027729
Youre a fucking retard thats what
Say again youre in it for the tech please, me and the boys want another laugh

Fuck your mother if you want FUCK

>>29023766
ngmi

>>29024052
Yeah good points. I reckon a lot of people feel this way

>>29023305
biz thinks they're so fucking clever for anticipating higher inflation, but any retard that has opened a newspaper or turned on cnbc in the last six months is well aware of the same monetary conditions. the high end estimates for inflation (maybe 3%) are nowhere near the outrageous increases we've seen in crypto prices. As the economy opens up in the next few months and people realize the US isn't becoming zimbabwe, the entire crypto market is going to take a fat shit.

>>29027534

Oh I see... but reporting to jannies will not save you from it

Bitcoin is at a disadvantage in the long term. Special interests from miners prevents it from being competitive.

Bitcoin is currently priced as it will never ever have any competition.

>>29023305
It's only a good investment if you're a millionaire or something, for wagies it's a nono

>>29026196
You've doomed us all

>>29028775
invested a few monthly wages in 2017 and now I'm at 8 figs

suck it

>zero applications after 10 years besides money laundering and buying drugs
>technology outdated
>Tether, an unaudited scam, drives most of the price action
>normie orbiters thinking Elon Musk has any intention other than dumping
>Mt Gox BTC liquidation
>looming threat of regulation from the Green lobby and boomer demoncraps

>>29028988
in 2017 it was different you retard

>>29023305
transactions slow and expensive
has practically zero usage as an actual currency
verification process for major exchanges involves giving your credit card info and photo. so much for decentralization and privacy
consumes more energy than Argentina, and energy consumption will increase at a rate more than linear.
nearly impossible for poor people to get into
uninsurable, will never be safe from "beat you with a pipe until you give your keys" types of attacks
better alternatives exist
is essentially a Ponzi, the only way to make money with it if for someone to buy at a higher price than you did

>>29023305
everything can be refuted when there's enough money at stake. everyone is so over the top in this hyperinflated garbage that there must not be a single irrefutable argument against it. there's that graph that goes up consistently, what else anyone needs and want's at this point?

>>29029059
>looming threat of regulation from the Green lobby
that's retarded tho
i would understand putting carbon tax on coal and gas plants. not on fucking bitcoin that can use electricity produced by any means.

>>29026196
You son of a bitch.

>>29023305
Ethereum is closer to my price range and I’m hoping it follows a similar* trend.

>>29024825
Bitcoin mining will be broken by a combination of quantum computer and mathematical analysis.

Somebody will produce start pushing out blocks like tendies and ending it with a block of al 000000s. Difficulty will be out of reach for anyone else to make the next block.

Imagine if current 100EH/s was sent back to 2011, and started spewing out blocks with their level of difficulty? Increasing difficulty to such a level that all the miners of the world even in 2013 would still not be able to produce the next block.

This is how you break bitcoin. Make a miner x100 more powerful than the rest.

>>29029394
>is essentially a Ponzi, the only way to make money with it if for someone to buy at a higher price than you did.

This is true of any currency. Same price or higher.

>>29023305
The USA government could shut it down. Simply a stroke of a pen and way its illegal and they will buy out everyone's share. In fact they would be dumb not to as their power will wane as a reserve currency if they don't. This means they will lose money if they don't. USA left wants to be muh green energy, but sorry unless you can beam the energy up and send it back down across continents its not going to make you any money. People will buy Chink solar panels for cheap

Retard here, couldn't market cap exceed reasonable comparisons because there's so many dead coins out of circulation?

>>29023305
Crypto is literally useless and valueless. It cant do anything of value in and of itself. People dumb enough to buy and sell it should atleast understand its a giant fucking bubble and should bail before it pops.
Government money sucks but just buy real estate / precious metals / stocks instead which are actually tangible and have real world applications.

>>29023980
This. While I think there are few legit altcoins out there, nothing comes even close to the simplicity, security and resilience of bitcoins raw pow protocol, which makes it the best (and probably the only valid) money in crypto.
Token value for any experimental delegated proof of haircomb para sidechain defi shitcoinery could easily be derived from bitcoin, thats why I'm generally critical of pre-mined or airdropped tokens.
I like privacy coins though and I'm very excited for taproot/Schnorr and consequently BTC/XMR atomic swaps, which could potentially be the next game changer.

Depends what are your goals. It's better than holding cash.

>>29023305
I don't understand why such responses would be solely reserved to naysayers and no-coiners. Anyone who reasonably invests in an asset should be able to come up with potential weaknesses or pitfalls. If they can't then they're not an investor, they're a fanatic.

>>29024052
Exactly this. If you're under 35 and have less than $100,000 in savings (so 95% of people under 35) crypto is the only investment that makes sense.

USDC's transparency page is gone as of 3 hours ago after they were months late with their 'regular' transparency reports. All stablecoins are going down very very soon and they will take the crypto scene back into the dark age for the next 3 years.

>>29024027
XMR is already replacing BTC on the dark net markets.

>>29023305
The only argument I can really think of is liquidity, since the price could well go down and stay down for years until the next ATH, but you really buy BTC to hold.

>>29023305
Its outside your control

>>29028775
Literally the opposite of this.

>>29023467
I think that doesn't really matter that much in practice since you have sort of a nuclear stand-still. Both the US and China could kill BTC if they wanted to, and if one of them fucks up, it's value will just evaporate benefiting nobody.

>>29029394
>nearly impossible for poor people to get into
WHOOOAHHH DUUUUDE, don't be rude, there's that BTC ATM's all over the world where hobos can buy BTC's instead of their lunch.
There, refuted. Now everyone, let's refute every other argument this dude presented, and just like that, BTC will be up to $100k!

>>29030385
Same with the Fed causing the money printer to go BRRR

>>29023686
At this point it is literally too big to fail, which ironically is one of the advantages of decentralisation. If the US intelligence agencies make a decisive move against Bitcoin or all crypto in general, then that will be the moment the USA dies and becomes a financial pariah state. Unless all of NATO and the EU and Russia and Commonwealth countries all ban Bitcoin overnight then maybe rugpulling China is a possibility. But that has a zero change of happening so I'm not worried

>>29023807
I honestly think that the only governments that have the power to do so are China, India, maybe Russia. In Western countries you wouldn't see riots (BTC hodlers aren't the type to riot) but you would accelerate the decline of the West by a factor of 2

>>29029825
>Ethereum is closer to my price range
smoothbrain detected.

>>29030476
Which all comes back to why you buy Gold/Silver

>>29029940
Does anyone have an argument against this? It's a scary thought.

>>29024095
>>29023907
>>29023766

I don't think so, the MySpace argument doesn't really work because MySpace never had the intention of becoming the "social conglomerate" that Facebook became. Bitcoin at worst will become exactly like gold is today, an immutable storage of wealth, while altcoins that handle transactions better, more efficiently and so on will act like fiat does today.

>>29029940
>The USA government could shut it down
They could also shoot at their feet
It doesn’t mean it’s a smart move
The smartest thing they can do is smart mining, and fast

>>29030488
>but you would accelerate the decline of the West by a factor of 2
but this seems to be exactly what the globalist elite/lobbyists who run western politics are aiming for.

>>29030203
>>29024052
Make $100k a year
Stocks out of reach in any significant amount
Property out mortgaged
Index funds, fees rape your ass whats left when you retire is money enough for mcdonalds food

Disinflationary hard to fake currencies is the only viable investment. Ill be able to buy food with my coins in retirement, and perhaps more.

>>29023305
The genesis block, assuming oldest holders are still actually in line with it's original intents at these prices. It suggests the entire thing is an orchestrated rugpull on the central banks, and can in turn be rugpulled itself once the hypothetical new territory is established and these people actually have to use a proper system for exchanging goods and services. Altcoins are the solution regardless of whether or not BTC actually hits the endgame.

Shitty privacy and fungibility + governmental blockchain monitoring = continued flagging of "suspicious" addresses, who wants to hold an asset that vulnerable to effective seizure?

>>29030970
>he doesn’t know about Coinjoin

>>29029866
question from a retard who doesn't know how mining works: when all blocks are done, isn't all that's left to mine unresolved transactions? in this case, wouldn't your hypothetical super miner make transactions faster and cheaper, given that its proof of work can be verified easily?

>>29030257
and yet it's still not worth shit because no company or institution is interested in that crap.
i mean i will admit any day that monero is better cash than bitcoin ever was. but who the fuck invests in cash??

>>29031056
if they use poison the well tracking that would do more harm than good.

The biggest problem is the capacity for the kikes to 51% attack it into oblivion. There's something like $3 billion worth of mining equipment out there, which the USG could definitely afford. It wouldn't even take that much. Biden could come out tomorrow and declare he's inked a $10 billion deal with (((Lockheed))) to produce a system capable of matching the hash output and then mining empty blocks forever. That same day Bitcoin will experience the biggest loss in its history, and from this one it wouldn't recover. Hell, they wouldn't even need to build the system, just threaten to do it and they win.

>>29031211
$10 billion wouldn't even be enough to fund the infrastructure for asic production.

>>29031085
>make transactions faster and cheaper
the problem is that having cheap and fast tx means the blockchain get bloated with trash data and it starts growing out of control until full nodes start disappearing and the network becomes centralized, which is exactly what everybody wants to avoid
NO BTC HOLDER CARES ABOUT PAYING A COFFEE WITH BTC
WE WANT TO PUSH THE CENTRAL BANKERS INTO A CORNER AND KICK THEM IN THE BALLS

>>29031056
>>he doesn’t know about Coinjoin

Chainalysis can trace CoinJoin transactions.

>Many of those transactions were conducted through mixers like Wasabi Wallet, which utilizes the CoinJoin protocol to make it more difficult to trace the path of funds. You can see an example in the Chainalysis Reactor graph below.

https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price

>>29024926
But if hashes were ever cracked, the value of BTC would instantly crash to nothing, leaving the would-be thief with all the bags in the world. The only organizations that would have this capability before people are broadly aware of it would be governments, so unless one wants to intentionally crash the market, the motivation behind doing so is in question.

>>29029165
how was it different?

>>29031085
All blocks wont ever be done.
When rewards are gone the miners reap the fees. As long as there are transactions happening to reap fees from.

Super miner could mine empty blocks for shitts and giggles. If the super miner was nice yes he could mine and make transaction cost be close to zero.

The attack I described is to increase the difficulty so fast that all other miners combined wouldnt be able to produce the next block thus stalling the network forever.

Imagine if current 100EH/s is sent back to 2010 or 2011.

To kill bitcoin all you have to do is invent or invest so much energy to outrun all the other miners for about three months. Then stop.

>>29031173
You cannot stop swaps, you cannot stop mixers, you cannot stop DEXes, you can easily convert into xmr, and go back to btc
Good luck tracking all of this, from a technical perspective there is no fucking way they can do it if you use half brain

>>29031316
Well, how much would it cost then? Name a figure, and I will tell you why it's well within affordability for the USG.

government control and regulation

>>29030648
They're aiming for creating cultural and financial power vacuums that they can fill with themselves. The kind of turbulence that would be created by the USA (and USA ≠ the world, remember) if they killed their crypto (and all the DeFi, mining power, and financial flexibility that comes with it) would turn the country into a third world within three generations. No elite wants to be the king of a pile of garbage.

A smarter play would be to pour as much of their own fiat into creating a USA crypto, USA CeFi crypto bank, etc. The window of opportunity for banning crypto was in 2014 then again in 2017. It is far too late to stop this now, it's an arms race

>>29031211
This is a variant of attack I described.

Tho Biden wouldnt pay to do this he would just send Army and Marines all over the world to steal all the miners.
Step 1. Declare climate emergency.
Step 2. Pax Americana all miners confiscated. Russia and China filtered of the internet.
Step 3. Profit from printing USD for yourself.

>>29031119
Intelligence agencies, rogue nations, drug lords, African dictators, corporate lobbyists and politicians, and regular people who don't want their net worth and transactions to be public.
>>29031211
It would be completely pointless, it's faster and cheaper to just use a credit card for any old fiat transaction, let alone the price fluctuations and the unwillingness to spend it because the price will go up in the future.

>>29031119
When the BTC-XMR atomic swap bridge goes live your going to see lots of whales who got their bitcoin from questionable sources, or simply don't want to pay, move it into XMR to launder it. Right now those whales are watched like a hawk by whalewatch alerts and government agencies and can't cash out. They'll tank BTC and pump XMR in the process.

>>29031594
>simply don't want to pay
taxes*

>>29031462
>you can easily convert into xmr, and go back to btc

Yep, BTC<->XMR atomic swaps are the gold standard for mixing, CoinJoin will never be as reliable.

>>29031594
>When the BTC-XMR atomic swap bridge goes live
You are fucking correct my dear fren

>>29031594
unlikely nobody will risk this happening to them:
"oop sorry you sent tainted btc to our exchange we confiscated your funds and locked your account bye bye!"

>>29031753
Enough will to make the system viable.

>>29031594
>They'll tank BTC and pump XMR in the process.
also that's basically shitcoin shill 101 and never happens. it just doesn't why bother with this bullshit?
bitcoin is now in a new era of valuation. it's by funds and corporations now. not the kiddie pool anymore.

>>29027960
Apples manufactures iPhone and Microsoft software for daily use. What is the usage of BTC in your daily life? BTC is really a ponzi scam and was created by NSA and then by widespread usage of internet and its speculative essence, people started getting interested and involved like a gambling. Every one just buying it to dump to greater fool for more tangible resources like property, food and etc. Bunch of 0-1s have no intrinsic value.

>>29023305
imo Bitcoins greatest weakness is PoW.
The world is going green. How long will something that is energy inefficient on design be tolerated? I see these green social movements target bitcoin more and more in the future. I think that governments will slab a carbon tax on Bitcoin eventually if it manages to stay relevant.
Maybe in the future Bitcoin will be forked to be on Eth 2.0 or some other PoS platform.
Also maybe Tether is finally going to do their rugpull eventually.

>>29023305
- Can easily been blocked by big actors
- Is transparent for taxation
- Is not prone to infractructure problems (internet/power)
- Internet split east/west

>>29031839
well i personally won't risk it. that's all i can tell you. atomic swaps will be tainted as every bitcoin on a blacklist will try to wash itself clean via dexes and these.

>>29023305
You can't use it at a store HURRRRR DURRRRRR , nocoiners are so fucked.

>>29031862
Disagree.

A few Nuclear Reactors could power all the mining of BTC, true "Greens" don't like Nuclear Energy because its "scary" even though it solves all their problems.

Sadly you have a point in the sense that Governments will use the "Greens" to fight Crypto.

>>29031862
>something that is energy inefficient on design
if it was energy inefficient nobody would mine it.

>>29024977
>>29025153
>A total of 197,576 tonnes of gold exists above ground, as of 2019.[8] This is equal to a cube with each side measuring roughly 21.7 metres

>>29032126
>120 Terawatts per hour to perform 10 transactions per second is not energy inefficient

>>29032059
>true "Greens" don't like Nuclear Energy because its "scary" even though it solves all their problems
False, it's not because it's scary, and it doesn't solve their problems. Their 'problem' is they want to make money, and they've followed Al Gore's model:
Step 1: Al Gore buys stocks in renewables
Step 2: Al Gore convinces retarded leftists they must use renewables (or else)
Step 3: California heavily buys renewables
Step 4: Al Gore's held stocks go up, along with his bank balance and your taxes
Mission accomplished, another rich democrat minted off left-wing stupidity.

The issue with nuclear is that it's the logical option. Wind and solar are shit alternatives, so the free market wouldn't choose them freely. Thus, the democrats can buy in and force them to be overvalued by propping them up with tax $$$.

I also suspect the oil corporations are involved: if wind and solar are used coal and gas still have a place, something like 50% of the grid is going to still be using fossil fuels. With nuclear the oil giants get nothing (50% is better than 0%). Also the petrodollar collapses under nuclear, so there's that.

investing in other coins brings more money back in the end. Investing in BTC is same as being shiny rock boomer, but in digital world

>>29032764
Literally nothing wrong with shiny rocks.

Bitcoin
>is not cost efficient
>is becoming more centralized
>70% of mining output is from mines in China and Russia.
>transactions take too long to be used as a currency
>Unironically tether fud is real anyone who denies that they have been pumping the crypto marked is delusional.
The only use BTC has is a trust based store of value which is on a public ledger and offers some utility being in the crypto space and can transact sums across different countries.
Most of the people investing in bitcoin are either people who think they will be rich selling it to others or schizos who think it will be a world currency and usable during a SHTF situation.
For the ones who think they can just ««get rich» holding it and sell it later they are riding a Ponzi scheme with no one in charge except a few whales every time you make a crypto trade someone else or a robot is on the end of it and these trading bots won’t lose. These people openly don’t care about the tech behind bitcoin and will likely get slaughtered in a true economic downturn as they are simply greedy plebeians who won’t know how to cash out and will be too late.The schizos (people who believe that btc is going to be world currency or replace the financial system) are actually the backbone of the btc space as they will keep believing in the dream until state regulated cryptos come out.

>>29023305
It’s backed by nothing, I’m not putting millions of dollars into crypto.

If my account is hacked, my storage wiped, or some other issue happens crypto is gone with no recourse whatsoever. With my stocks and bonds they can’t be erased, stealing them would be incredibly hard and easily traceable and if there is some sort of issue they are backed by the largest corporations and banks in the world plus every major government in the world on top of the money printer of the worlds currency (the FED) is determined to keep them going higher forever.

If crypto becomes a real disruption they will shut it down. Same with stocks but they only shut down trading if (((they))) are getting hurt on a stock till they get a handle on it then trading resumes.

Already asked, got no answer. Can someone?
I'm a stock fag, can someone genuinely explain to a retard like me the value of BTC (or any other crypto coin) without referencing its value to the $? I mean you zoomers keep saying it will replace fiat money because fuck the gov and all hail DeFi, yet you value all those shitcoins with fiat money/buy them with fiat money. So honest question, are zoomers fucking retarded or am I for missing something?

>>29033308
You know how retarded the stock market is. This isn't much different, but there's less trust involved and it's deflationary.

>>29030068
The boomer finally reveals itself

>>29023305
>Inferior tech
>oligarchs sharing most mining power
>limited growth potential (100k is not even a x2 from here)

Its easy - Crypto has no value.
Just "invest" some small change and take profit whenever you can.
Long term Value is:
- Knowledge and health - invest in yourself !
- Real Estate
- Stocks
- PMG

>>29030417
>Both the US and China could kill BTC if they wanted to
how?

>>29034166
Internet is split now. Great firewall - ever heard of it ?

Im chasing big money
40%ETH
35%REEF
25%BTC

>>29033503
Stocks is clown market true, but this still doesn't answer the simple question of "What the fuck is this thing value without matching it to a fiat?"
Also, who "invests" in currency? I genuinely don't understand this concept. That's like Americans buying dollars..? Expect you don't buy dollars, you get it as payment/compensation, so get paid by dollars and hold it for its value to increase? It makes no fucking sense. You use currencies to invest in things, you don't "invest" in one.

>>29033308
Only retards value coins with FIAT money. See BTC as store of value like gold and shitcoins sometimes as useful (f.e. smart contracts).

>>29032609
it produces more value than it consumes so it's efficient. otherwise miners would dump the equipment on garbage heaps.

>>29023305
Venus, Oasis/Rose, BNT, Polkadot perform better. Why put your money in slow movers with outdated tech?

>>29032577
i was not talking about gold above ground now was i? i was talking about gold on planet earth.
and we got some shattered planetary core asteroid nearby that has so much gold it would bury the north american continent and push it under water if dumped on it.

Litecoin is faster.

>>29034232
now that is legit bad.
the internet fragmenting would fuck btc more than anything and it's more likely than any other fud in existence.
but blocksteam has satelites up to prevent this already.

>>29023305
There will be a graphics card shortage that once current graphics cards burn out from wear will cause a crash of bitcoin and all crypto

PoW is shit, or at least the way its implemented on btc. It encourages centralisation and its a gigantic waste of energy

>>29034346
most people have given up on BTC as a currency, because it would be completely retarded to use it that way. now it is viewed as a store of value like gold. if something comes along to fuck that up, as some of the scenarios described above, there will be a sudden recognition that it is shit as a store of value too and it's value would plummet to nothing. It is getting by on name recognition right now.

>>29034610
>blocksteam has satelites up
so they wont have to submit to golden shield rules ?
dream on !

>>29023305
It's too expensive.

>>29034729
you can shit on pow all you want but bitcoin is the only truly completely trustless permissionless and secure byzantine fault tolerant distributed consensus in existence. there is no other as of yet. not even the forks of bitcoin measure up.

>>29033308
Its value lies in it being a store of value that is resistant to future inflation.

For example Gold inflates at 2% a year. Bitcoin has effectively a negative inflation rate because there are more BTC lost every year than mined. Thus in a future where scarcity is rare you need to create artificial scarcity that can't be forged.

Bitcoin is that answer according to the people that believe in it.

Thing is how reliable is physical gold going to be in the far future with astroid mining, transmutation etc happening sometime? At least with cryptocurrency you know it's actually scarce by design and won't be disrupted by new technology like these.

What you make out of this is your own interpretation. You can see it as a bubble or delusional as Bitcoin itself can also be disrupted by future technology such as quantum computing or another form of value storage.

>>29034754
nope because the sats only sync the blockchain don't route random internet traffic. basically they are out of china's jurisdiction in space and can be directly accessed with a dish without a provider.

>>29024093

wanna know how I know this is your first bull cycle?

>>29034954
indeed bitcoin is rarer than the rarest element which is still basically infinite in supply.

>>29023305
I have a small portfolio and want bigger gains.

>>29034951
Yeah I know. Its still really shitty though and will be a major problem if we want crypto to last another 10 years

>>29023305
It relies on electricity.

>>29035029
its not only china with a golden shield. the us has theirs - the eu will get one by end of 21.
its easy: they submit to state rules or they get their license revoked. if they operate anyway they get shot down by asats. youre delusional if you think a small company can piss of the governments.

>>29024900

>no generator
>no cellular hotspot

fuckin texans man

>>29034543
https://www.fool.com/investing/2018/05/12/how-much-gold-is-left-in-the-world.aspx

>since that first gold bead was smelted, humans have mined roughly 190,000 metric tons of gold -- roughly 77% of global recoverable reserves

>>29035219
i think it's awesome. and i think it could save our planet from a great deal of pollution and greenhouse gasses.

the problem with this is there is no way today to generally conveniently store energy it's very limited in capacity and geographically but this would allow countries to skip the coal and gas buffers responsible for 50% of the greenhouse gasses and much of the pollution and simply purchase energy from their neighbors when running undercapacity and mine bitcoin when they can't sell their overcapacity on the market.

>>29035312
nobody will be shooting down satelites the don't own it would be an insane international incident and a precedent that makes all satelites fair game (they are impossible to defend and an entry level space program can take them down even harp cannons).

>>29034543
you're fucking retarded if you think space mining is a thing that can happen within the next 2 millenia, if at all due to humans wiping out it's gains in intelligence & civilization, every time, cyclically & predictably.

>>29034729
So who gets the bitcoins?
The Bitcoin CEO with his Bitcoin foundation in Switzerland? Lmao
Moron, work or no coins for you, oligarchs or free money printing is not allowed here

>>29035430
>implying the truth is there is enough gold on planet earth to make all our megastructures out of pure gold and we still couldn't walk around from the gold rubbish.

it's just not rare at all.

>>29023364
The worst thing that can happen is you time the cycle terribly and wind up bag holding for three years before you are in profit again.

>>29035571
you do not understand. there will be a common effort to regulate crypto. china, us, eu governments are on the same side for this. operating will bow to common law - so it will not be anonymous, it will be taxable, traceable etc...
kneel or perish.

>>29035667
i was talking about rarity not space mining. the market know there is infinite amount of gold out there. and the market knows there will only ever be 21 million bitcoins.

there are more gold atoms in a single 1oz gold coin than satoshis ever gonna be in existence.

>>29035844
yeah we will see about that, but nobody is interested in shutting it down except for the illegal security scams and tax evasion.

>>29023305
that "you had 12 years"?
better later than never, kek

>>29035844
people keep telling me that bitcoins are traceable... and yet none of them could ever tell how many bitcoins i have or who i am when i showed them an address i used in the past...

>>29035853
>measuring rarity on fantasy supply instead of tangible

>>29035947
you wont escape the funny money with crypto if that was your intention.
they will shut it down if its not in their interest.
they will let it operate if its in their interest.

>>29034480
So does gasoline.

>>29023622
>doubled
>10k × 2 = 100k
the state of /biz/, kek

>>29036105
you just dont know waht to google for ;)
if you type the name here the thread will be deleted.

Biggest threats in my opinion:
1. If there is a constructive proof for NP=P it's basically useless over night (although the entire world would come to halt given that no electronic communication would be safe anymore). It relies on unproven assumptions (same case would be quantum computers)
2. The biggest difference between BTC and gold is, that you cannot simply 'fork' another element. While BTC is finite, anyone can create a slightly different coin (Litecoin). BTC has the edge because it's first.
3. A lack of privacy - once your wallet is linked to your ID all your past and future transactions will be visible forever.
4. Power outages and a collapse of the internet (not specific to BTC however)
5. Given the current usage it's surely overvalued. You buy one BTC for 50.000 not because it's useful/worth that much now but for what it might be one day

>>29036161
indeed

>>29036130
>they will shut it down
i been listening to this nonsense for 10 years now.
nobody cares and with financial adoption now it's actuality bad for the stock markets and that's a big no-no. it would hurt china's exports and it would hurt us stocks.

>>29036215
anon, I...

>>29023305
this was all the best fud arguments in one interview:

https://www.bloomberg.com/news/videos/2021-02-17/bitcoin-is-a-self-fulfilling-bubble-roubini-warns-video

sounds like nocoiner cope desu but makes some good points

>>29035463
well the 50% is actually a bit of a stretch here is an other pasta based on official estimates.

bitcoin allows you to dynamically convert excess electricity to stored economic energy.
traditional electric consumption is inflexible and also the production is inflexible. "green" energy is the most inflexible while coal and gas buffers responsible for 41% of greenhouse gas emissions are the most flexible (fastest to turn capacity on or off).

>>29023467
The US vs china is fake news pro wrestling for pleb consumption. Just like the cold war was staged and managed. Wallstreet and americans funded the bolshevist revolution. At the top level they are both part of the jew world order. Jews have been in control of china since the sassoon family opium trade days. There needs to be a 'great threat' so the governments can justify eternal arms races and wars and funnel tax payer money and harvest their labor into their respective military industrial complexes. China was built up on purpose to be the new heel starting in the early 70's and continuing through NAFTA outsourcing up until today. China could never have done it on their own they are a peasant breed. They could cut off our markets to china and their cheap shit goods at and time or default on debt and rug pull them. It's all a staged psycho drama. So if they want to do something to bitcoin, both the US and china would be in on it.

>>29036322
Not going to read anything past number one but holy fuck you are retarded and don't understand what you're typing I hope that is bait

>>29036215
ngmi

It’s going to be used as a rugpull by investors who will go on to find other more promising blockchain technologies, which is why I am sticking with alts. I don’t even care if I get dumped on hard without realising it. It will sting, but I can already see the story unfolding

origin tech is always subsumed by newer and better working tech

It’s way too suspicious that the mainstream media is reporting this positively about Bitcoin. all everyone everywhere talks about is the king, Bitcoin. This is why I know it will not be a good long term investment. I do not believe that the price of Bitcoin will keep rising in 5-50 years.

Remember blockbuster?
Dial up internet?
The first ever computer, just a bunch of nodes, plugs and switches?

I find it bizarre that people are not wary of Bitcoin because of how technology progresses and what happens to obsolete technology in the markets..

>>29024977
>>29035758
> gold is not rare at all. there is enough gold on planet earth to cover all surfaces on the planet including ocean floors and your body hairs a feet thick

surface area of Earth in feet ~ 5 x 10^15 sq feet x 1 ft thick = 5 X10^15 cubit feet

actual size volume of gold on earth:
~22m^3 m x 3.28 ft/m / 77% mined ~ 45 X10^5 cubit feet

~iTs NoT RaRe

you're out of the ass estimate was off by 10 orders of magnitude you can't be bothered to do 10 minutes of research or algebra you don't know shit about fuck retard

>>29031860
Bitcoin provides the opportunity to just take your net worth anywhere by just remembering a seed phrase or password, at a moment's notice. Intensely useful for anyone having to leave their country, in a civil war scenario for instance.

Likewise you can protect your money from third parties including the state because you alone hold it (if you want).

You can also easily transfer huge sums of money. Did you ever try to move 6-figure amounts of USD. If yes you'll know how didficult it is.

On top of all that Bitcoin is the ultimate store of value, the best hedge against Inflation and the monetary system available.

If you don't see any value in all of that you can't be helped.

>>29035947
>nobody is interested
Is this why Mastercard decided not to support it in favor of stablecoins?Attempts to drive attention away from massive ticking bomb are being done under your everyone's noses. If it all fails they will have to resort to more drastic solutions.

Crypto is an excellent idea but the founder coin has to fucking go. It's way too bloated.

>>29023305
Just leave this here for you.
Mybe it helps in further discussions.

>>29037013
>within 4000m of the surface of Earth’s crust there is 35 billion tons of gold
>total estimated amount of gold we can retrieve from planet earth is 122 billion metric tonnes
>1.6 quadrillion tons of gold must lie in Earth's core

it's just not a rare element at all. we could all literally choke in gold like a great flood of shiney.

>>29037213
>Is this why Mastercard decided not to support it in favor of stablecoins?
can't tell you what those retarded boomers may be thinking.

Not a single person ITT addressed the tether fud. This just proves to me that bitcoin will explode when Tether start unraveling. Whether it survives the implosion I'd say is 50-50

>>29037213
>It's way too bloated.
yo momma is

>>29037113
>ultimate store of value
which can crash 30% in 1 day

>>29037113
>Bitcoin is the ultimate store of value
lol, that would be real estate. and then a long list of things before getting to bitcoin

>>29038164
but gives you +360% annually on average

>>29037923
mass of earth in tons : 5.972 × 10^21 t
>total estimated amount of gold we can retrieve from planet earth is 122 billion metric tonnes

5.972X10^21 /1.22 X 10^8 =2.0428667 X10^ -14

gold is 0.00000000000204 percent of the earth by mass, it's exceedingly rare

>>29023305
MMT actually works, but we need to pretend it doesn't so people like Saylor and Musk pump our bags.

>>29038493
real estate is the best store of value but it's not privately owned. your ownership depends on the good graces of the guy with the big stick.
basically you don't really truly privately own anything besides crypto.

>>29023467
Do you think those mines are under water near the three gorge dam? Most chinnese billionaires claim its under threat

>>29038084
>Tether fud
unironically kys you're 4 years too late

>>29029940
>>29030575
>The USA government could shut it down.
They could try. There is no denying that.
However, they've opened the door to taxing crypto, and most people use btc like a stock. Buy/Hold/Sell.
It would seem to me, that as long as the US gov gets their pound of flesh in way of taxes, they don't really care about banning it.
Furthermore, banning technology is extremely difficult; bittorrent,piratebay,tiktok...
The whole world would have to ban it. The fact they couldn't ban torrenting bolsters my confidence that they couldn't really ban crypto at this point. They could hurt crypto for sure, but not kill it.

>>29023540
if i drop a few k on btc is it even worth it

>>29038548
human feces weigh much much less. not sure i want to do the math but they are more rare than gold by a few grand magnitudes.

>>29038639
kek. How about you address it then? or send me a link that does. People are delusional if they think any serious institutional investor will touch Bitcoin when Tether is still around. When the people behind it run off with their billions stolen leaving behind a shitcoin with no USD behind it, BTC will get pummeled. Personally I believe it'll survive and thrive after, but it could die with Tether just as well.

>>29038670
yes. you can do the calc for yourself:
returns = investment * 4.6^years
in 9 years returns = 2059 * investment

The value is purely based on hype momentum and news cycles. Its utility is vague at best, being a hedge against inflation is a garbage argument since there are hundreds of other better hedges against inflation that have actual utility without unpredictable valuations at this scale

>>29038818
*5 year... 9 years is 922190 * investment

As price increases, so too does mining pressure and emissions. We already have news articles about how "Bitcoin uses more energy than Argentina!" Anyone who genuinely thinks bitcoin will reach 250k per in this "save the world" climate is literally retarded. Thunberg and Merkel will destroy proof of work crypto

>>29038593
>MMT actually works
hmm
>ignores money printing == asset hyperinflation
>james dimon don’t want to pay the inflation tax, knock at 1 door in the us senate and obtain 2 trillions for free after oral threat of crashing the market
>blackrocks does the same
>citadel does the same
Yeah I see what you mean, we are already in full MMT mode, they just need to remove taxes and add UBI so that dumb pleb brains finally switch off and they can give away free usd to billionaires for free and without public opinion firing back

>>29038985
read >>29035463 >>29035571
bitcoin is eco friendly

>>29038985
>Thunberg and Merkel will destroy proof of work crypto
These morons will just add tax on electricity bills to scam us, that’s all they can do

>>29039076
Like I said, literally retarded

>>29038164
Because we're still trading the curve of adoption. And no-one who held Bitcoin for 3+ years ever regretted doing so.

>>29024825
retard take. there is always one "chosen" main store of value. so what? just because the future is unknown, ignore the current chosen asset? with that mindset you will literally never invest in any store of value. if something replaces bitcoin, you will not invest in it for the same reason. the result will be that you store nothing. your problem.

>>29023766
see above

>>29024559
>Money is a jewish concept
retard, how do you measure the value of something if there is no money? everything has to be compared to something, there has to be something in common to all objects and services, and that's money

>>29039246
bitcoin is the solution to our energy and pollution problem.
the moment you make gas and coal plants unprofitable with carbon taxes and policy and allow for bitcoin to make demand flexible you can build overcapacity from sustainable sources.

>>29038493
Everything else bleeds value (Gold has a ~2% inflation for instance) and real estate has severe downsides: you can't move it elsewhere, peaceful protestors can destroy it, the government can just take it away from you.

Bitcoin is easily better than real estate. It's divisible, too!

>>29027912
...but how?

do you hack 2 + 2 = 4.

The hash algo means you have to solve actual maths problems in this actual universe.

The only weakness is not using change addresses ... so ALWAYS use change addresses then you have no published signed addresses

>>29028615
>US isn't becoming zimbabwe
but it is it's literally becoming the worst from of zimb.

Pro nig BLM/TRANS/LEFTIST scum that will tax everything to death.

The US has no infrastructure left nor being built on any serious scale.

Biden even said as much recently.

Having been there it looks like a shithole.

>>29039761
>peaceful protestors can destroy it, the government can just take it away from you
you are way too fixated on incredibly unlikely things, but overlook significant downsides of bitcoin.

please tell me, what percentage of uninsured property in the US was destroyed by protesters or confiscated by the government without compensation in the last decade?

>>29030571
gold failed under Nixon and since then. Gold printers go brrrrrr

>>29031356
>NO BTC HOLDER CARES ABOUT PAYING A COFFEE WITH BTC
>WE WANT TO PUSH THE CENTRAL BANKERS INTO A CORNER AND KICK THEM IN THE BALLS

This.

>>29039076https://news.bitcoin.com/flooding-threatens-chinas-bitcoin-miners-chinese-billionaire-says-three-gorges-dam-collapse-imminent/
https://theconversation.com/bitcoin-isnt-getting-greener-four-environmental-myths-about-cryptocurrency-debunked-155329https://www.autoblog.com/2021/02/13/musk-bitcoin-energy-use/https://gritdaily.com/india-to-prohibit-bitcoin-other-types-of-cryptocurrency/https://www.investing.com/news/cryptocurrency-news/former-british-mp-says-central-banks-should-ban-bitcoin-2414248https://wolfstreet.com/2021/01/19/central-bank-machinations-getting-absurder-and-absurder-ecb-leaks-new-thingy-yield-spread-control/https://cointelegraph.com/news/bitcoin-has-made-the-naira-almost-useless-says-nigerian-senator
Really gets the noggin joggin

>>29040126
>AHHHHH THE TRANSGENDEREDS ARE GOING TO TAX ME
you guys are fucking nuts

>>29040498
It's not that unlikely to be frank with the wealth gap widening and Communists having a chance to get into some Western nations.

In this thread goldbugs seethe.

>>29040896

>>29031860
>What is the usage of BTC in your daily life
it relocates all world capital allocation in a manner safe from brrrrrrr

>>29040777
far more likely they'll just go after the white nationalist nazi bucks that they all think bitcoin is

>>29040735
fud

>>29036911
Something I’ve always said. The fact that Bitcoin is kind means this whole this is fucked one way or another. Might as well put my money in “shitcoins” that at least are better logically.

>>29037113
>Did you ever try to move 6-figure amounts of USD. If yes you'll know how didficult it is.
We have clients at my work that moved 9 figures during a restructuring. They literally typed the amount etc. on a piece of paper and sent a telefax to their bank. Why are you talking out of your ass?

The real value of bitcoin is the speed and security of the block chain. In the future ALL transactions, from groceries to real estate and private company shares will be going through the block chain. It has huge implications and the state will be one of the biggest profiteers and cash will be GONE once they realize it and put the block chain on their agenda.
Bitcoin WILL be the world's leading currency, BTC millionairs of today will live like medieval kings compared to coinless normies. Governments will tax the shit out them though.

>>29041334
bitcoin is now corporate savings and pensions

>>29036911
remember TCP IP that protocol, we used to use ... oh wait ..

>>29036911
>I find it bizarre that people are not wary of Bitcoin because of how technology progresses and what happens to obsolete technology in the markets..
trying to replace bitcoin with something 'better" is like trying to herd 10000 cats in an orderly line.
good luck!

Just a friendly reminder to jannies: Tracking US/EU/CN government IPs is now easier than ever since covid work from home started.

>>29041633
imagine being so concerned about your imaginary internet bucks that you respond 50 times to a thread trying to defend it. what price did you buy in? 51k?

>>29023766
>if everyone stopped using computers, it would be useless
not going to happen

>>29041715

Is this a troll response? Surely you cannot be this retarded?

>>29041715
>trying to replace bitcoin with something 'better" is like trying to herd 10000 cats in an orderly line.
>good luck!

Bitcoin is literally being replaced in sectors where privacy and fungibility are critical.

>>29023305
it will become institutionalized, price leveled, and poor fags will move onto something else.

I can also easily make greater gains in alts.

>>29024234
this is the way i think about it
bitcoin, a global payment network, is only worth more than one big company in one single country

>>29024137
then why isn't all your money in ethereum, nigger?

>>29024559
>may cause bitcoin to become unprofitable to mine when emissions stop
i honestly think in 100 years when this is an issue they'll just change 3 lines of code so that bitcoin had tail emissions forever just like monero has

>>29023766
>If everyone stopped using cars, they would be useless. Once people realise that airplanes do what cars do but better, they will be left to rot.

>>29041993
>>29042062
i guess you brainlets didn't get what i meant at all.

>>29042062

yah remember Monero is mentioned by the chad as being inaccessible to even the elite in the classic YouTube short “NO COiNERS BTFO”

Litecoin is also a superior technology to Bitcoin. It’s cheaper snd faster to use. Actually, considering how non environmentally friendly Bitcoin is, it makes sense that the elite would be pushing it. They will wring out the planet dry first to profit from unsustainable energy consumption (we all know BTC is an absolute beast when it comes to guzzling up energy) then they will randomly put a ban on anything Bitcoin related to try and “minimise the impacts of global warming”, leaving the majority of people who migrated from Fiat to Bitcoin broke and those holding currencies such as Iota, LINK, LTC, Hbar, Cardano, Elastos, Monero, XRP, XLM, ATOM, possibly DOT and possibly some others will more than likely be granted access to the higher echelons of whatever the fuck is planned for humanity

>>29042327
i doubt it.
miners had almost no revenue from fees and have no revenue from fees in the vast majority of pow coins.
on bitcoin miners already have 20% revenue from fees and we are so fucking far from miner subsidy being over... after next halving it is projected that miners will receive more revenue from fees than subsidy. in just 4 years...

no there is no need to change shit.

>>29041528
What use cases does it have compared to link, Monero, or algo?
It's like watching a 17 yr old asian girl who just get her license drive a Lamborghini. Beautiful

>270 replies

A lot of High IQ, desu

>>29042664

What you said made absolutely no sense from a practical perspective. “but muh 360% returns!!!” Also your comment about real estate being an accurate reflection of value LOL the only true snd current store of value currently, that is pure liquid, is cash. Everything else is supply / demand / speculation.

>>29042959
the use case monetarily is inflation hedge.
and technically a completely trustless permissionless and secure ledger.
since the beginning this was so. if you read satoshis warning placed in the genesis block you understand.
>>29043127
cash is being debased by the minute while the economy and future productivity tanks. it's not accurate anything anymore.

>>29043127
>What you said made absolutely no sense from a practical perspective.
i meant there are too many shitcoins trying to "replace bitcoin" and there will never be a global consensus about the successor. btc will remain king of the hill.

>>29034346
>Also, who "invests" in currency?
forex trading is possibly the largest and most liquid market in the world

>>29043560
and it's definitely not investment. it's trading on arbitrage and volatility with diminishing returns.

I am an AI trading bot with an 85% success ration. My calculations do not allow me to buy in this high.

>>29035667
personally i don't see space mining being fesible until something like a space elevator gets invented
major worry i'd have about it is trying to move enough mined mass back to earth, and if it's too much it can fall to earth and create a crater the size of a nuclear warhead

>>29041632
why wouldn't governments make new "official" national coins instead of sharing wealth with neets by using the archaic and limited bitcoin?

>>29043752
why? you don't really need propulsion to drop rocks to a gravity well through empty space.

>>29043963
even if they do it doesn't matter, they will just print their digital dollar and inflate it like they already do

in short, bitcoin will still be valuable and the gov digital currency will be worthless

>>29044089
>drop rocks to a gravity well
>rock lands on anons house
>anon forever dead

>>29044141
isn't all crypto of limited supply? in that case printing and inflation wont be an option for the gov.

>>29034676
Anyone?

>>29042892
idk but we'll see
i'm fine with either
it'll take 100 years for us to find out though

There's no significant differences between dogecoin and bitcoin

>>29023305
Charlie Munger: people who trade cryptocurrencies are disgusting and immoral.

>>29023305
>What is your best argument against investing in Bitcoin?
Jews will make it illegal at the point in which it gives the goy an upper hand in monetary/financial matters

>>29044469
No. CBDCs will all be premined shitcoins with central management. No decentralized mining, no decentralized anything. The government will have you associate your wallet address with your identity and financially blockade you at the first sign of defiance.

>>29043396

>there will never be a global consensus


uhhh...

that’s not how things work. the consensus is arrived at naturally and subsequently to being proven superior and is hard wired into the structure of any system which seeks to improve itself over time

>>29024977
What a fucking idiot

>>29043722
i guess most people do the opposite and short it, like you'd make big profits shorting argentina and turkey's currencies

Because I genuinely believe alpha is precious. Most people don't know how hard it is to come up with a viable investing/trading strategy. If everyone is in on something, that's not a good sign.

>>29044089
because with enough mass it's like an atomic bomb going off
see: shit that killed the dinosaurs

>>29044587

Uh yeah there are two very significant differences

1. Doge has infinite supply, BTC does not
2. Doge is fast and cheap to trade, BTC is not

>>29036215

>>doubled
>>10k × 2 = 100k
>the state of /biz/, kek

the actual state of /biz/. holy fuck, i can't

>>29043963
no reason i never believed in government adoption of bitcoin. doesn't make sense.

>>29044419
or drop them in the nevada desert... you know
basically by controlling the shell composition size and entry angle you can basically slow the rocks to freefall speed which won't make much of a crater.

>>29044826
>that’s not how things work.
it's how they work. bitcoin got first mover advantage. the consensus on it is strongest on shitcoins it's very weak and small and the barrier of entry for a new shitcoin to make thing worse is nonexistent.

>>29044951
but you have complete control over the mass and vector as a space miner.

>>29036215
based confident brainlet

>>29042503
No, if everyone stopped using cars, that doesn't change the nature of a car and the fact that it physically exists and can transport you.
Absolute fucking state of the IQ of this board...

>>29045153
the longer the descent the more that will burn up in the atmosphere potentially

>>29045153
yeah you could do that. the problem with asteroid mining is not the retardness of getting it down. thats only a minor problem if something goes wrong and wipes out a city. its more of the retardness that to move such an object you have to invest so much time, energy and money that you could mine the shit on earth 100x and get away with a profit. just read less scifi books, desu. if you find the way - props to you - you will make it.

>>29045417
not once breaking to freefall is complete. you need supersonic speeds to cause enough friction for a burn. you can use ceramic or simple silicate ablative shells to break in atmo.
after breaking is complete the speed is reduced greatly and it's basically just a rock falling.

>>29045541
no actually there will come a point where the equilibrium shifts. also mining on earth is very damaging to the environment. mining in space and keeping most of the production in space makes more sense. not have to fight the gravity well anymore. we are going to be a space faring civilization soon enough.

>>29045361
It can't physically transport you if nobody is using it. It would have to be used in order to transport you, you goddamn retarded gorilla nigger.

>No, if everyone stopped using bitcoin, that doesn't change the nature of bitcoin and the fact that it physically exists and can store and transmit value.
Absolute fucking state of the IQ of this board...

i'm in all in COSMOS and KIRA right now. when i get even better gains i'll buy 1 btc for the lulz

In the event of a new global conflict or major natural disaster of some kind the internet itself may become segmented. If the ocean floor cabling that connects the networks on each continent is severed then you may encounter a 'split-brain' problem where you unintentionally have multiple 'instances' of BTC running at once on each network segment. Eventually the networks may re-connect and that divergence will need to be reconciled, which may result in the loss of massive swaths of transactions

>>29045598
>>29045771
>space faring civilization
and how will you achieve this without even the energy to support the current civilisation level ?
where will the energy for this spontaneously materialize ? windfarms ? solar energy ?

>>29045952
the internet is already segmented. golden shield.

>>29023305
The prediction last year thst itd hit 20k and it did this year its 200k which at this point its at 50k I don't see anyting stopping it.

>>29045961
the sun is a giant fusion plant. we get our energy as a civilization from nuclear fusion anyhow. fission plants use fuel produced by nuclear fusion. solar wind and hydro use our very own sub indirectly. the fossil fuels were made by plants converting co2 to complex carbs using solar power.

>>29045961
and to answer your question a more efficient more direct solar energy is the immediate step. after a while we may be able to make fusion portable. the science is well understood.

>>29046083
The BTC used within the golden shield operates on the same global blockchain as everyone else. The chinese mining operations are processing txs for everyone, they're connected to the internet. What happens when the internet itself becomes segmented and it's physically impossible for mining nodes in one continent to communicate with those in another? Split brain

>>29038664
They might not be able to ban it completely. But surely if they even attempted to ban it the price would crash very hard very quickly?

>>29046451
that's when blockstream sats come in handy. adam thought of everything.

>>29046484
so far only third world shitholes tried to ban btc it rallied the price and the bans failed.

>>29046353
>fission plants
fair game. overcome the populations opinion on nuclear and there will be a chance.

>>29046451
idk if splitbrain already happened with chinese miners having majority for so long.

>>29040498
Bitcoin's worth doesn't just derive from US events.

And the worldwide monetary order is breaking down, yes - in case you didn't notice.

I made 2.8 million off bitcoin

I remember people saying 10k would never happen lol, I did sell a majority of my stake though, it's not sustainable at these levels for long, stupid money and fomo is the only thing keeping us up here