/biz/ - Business & Finance

Doesn't it seem like bitcoin works just like it was supposed to work as defined in the white paper? No segwit, no bullshit. Only scaling and low fees.

>>52462990
Blockstream crippled btc, to push people towards the Lightning Network & sidechains

>>52462990
Im starting to think i got played by the jew, been holding a few bsv for awhile but i think i should buy more.

>>52462990
Stop complaining.
I disagree with you on what Satoshi intended, but for the sake of argument let's grant you that. Then it's still the case that the same technology, using small blocks, is an excellent store of value whereas with big blocks it can work as a payment platform. So we have both, and the market can move their money into the two use cases according to how valuable they are to people. Currently it seems the market is placing greater value on the SoV use case, but that's no reason to be cranky and doesn't detract from the people finding your big block solution useful for them and thus use that.

>>52463124
BTC is not a store of value, it is a useful ponzi scam to put it nicely. When price drops from 70k to 16k, it's not a store of value and to be clear, it has no value because it has no utility. BTC is just a hyped ponzi scheme that is crumbling down before our eyes.

Bitcoin SV is the only Bitcoin

>>52462990
So Bitcoin is 210'000 times more secure. Thanks for sharing. I didn't know it was that much better.

>>52463260
BSV is 100% secure, you don't need to be any more ''secure''. The network is secured by the nodes that are incentivised to send transactions and set protocol that does NOT change.

>>52463326
> BSV is 100% secure, you don't need to be any more ''secure''. The network is secured by the nodes that are incentivised to send transactions and set protocol that does NOT change.

LOL THEY JUST CHANGED THE BSV PROTOCOL SO THAT MINERS CAN CONFISCATE ARBITARY COINS. BSV IS NOW 0% SECURE!

https://blog.bitmex.com/bitcoin-sv-hardfork-significant-security-risks/

>>52463201
I'm sorry to see you're seething. You can use BSV for your payments, I'll use BTC for store of value, no need to not get along, right?

>>52463559
>significant security risk
>because bitmex blog says so it must be true
kek, it's a feature which will be legally required also in btc. To be a world currency, you must obey the law, it's not very hard concept to understand, even if you're a pajeet.

>>52463642
By definition it's not a store of value, you can't just say something is something because you want to believe it is. Facts matter.

>>52463644
>it's a feature which will be legally required also in btc.

LOL legally required to let anyone just rob people. Give me a break.

There wasn't anything legally required: Craig sued the bitcoin devs demanding they backdoor Bitcoin and *LOST*. After the loss Bitcoin Assn agreed with Craig to do it anyways, because they work for him.

>>52463680
>let anyone just rob people
It's enforced of course by court orders, I think you already knew that. You're just a sad fudder.

>>52462990
Don't care. All bitcoin forks have the same shitty problems bitcoin has.

>>52463858

The BSV hardfork doesn't have anything to do with court orders. It allows anyone to steal coins just by mining 6 blocks.

Wright's marketing doesn't even say that a court order is required, they just say "order of equivalent effect" because Craig tried to get a court order and failed. Effect just means that the coins are stolen at the end.

>>52463867
Such as? BSV can literally do anything any shitcoin is TRYING to do and the bonus is it scales and is not unlawful nor security.

>>52463877
>It allows anyone to steal coins just by mining 6 blocks.
It would be a crime
>The BSV hardfork doesn't have anything to do with court orders.
BTC forked from bitcoin, bsv IS bitcoin and is all about LAW.
>Wright's marketing doesn't even say that a court order is required
Yes it is
>Effect just means that the coins are stolen at the end.
You can't steal you own coins. And there was a 3 month notice on those coins he is looking to get back, if no one claims those coins to themselves, craig can start the process of getting them back.

>>52463201
Most assets have little to no utility. Even gold for example has little utility, it's primary reason for price appreciation is it's scarcity and durability with little demand for it's use in any industrial setting. You might rightly call elements of this a Ponzi, just like Bitcoin within this context. Utility doesn't necessarily equate to value but it does add some intrinsic demand. Still, some like metals as a store of value exactly because it's boring and does nothing, it just sits there, safe and durable. There isn't any counterparty risk like there is with mutual funds or even the unlikely counterparty risk bonds have in the event a government might collapse. Sometimes, simplicity and boring and durable are what people want.

>>52463037
Lol did he ever go through some of those miracle solutions? Because apart from making the blockchain huge which has its own problems what else is there?

>>52462990
Blockstream crippling BTC is one of the worst things to happen to crypto, unfortunately everyone around the forks was a scammer

>>52463642
76% down from it ath! Also is bitcoin even usable without any internet, electricity and computers? If you say no to any of that then it’s not a store of value. Cryplets will never learn

>>52463877
And by the way, he will get those coins back in BTC too by a court order.
>>52463997
It was all about big server farms, a few big nodes that compete, the more efficient nodes wins at the end, so the system will be made all the time more and more efficient, faster, cheaper.

>>52463997
Big blocks are the solution, there's no magic needed.

>>52464092
This is already the case, or how many people do you know who run their own node? He's talking about mining pools which have been a thing since 2011 at least.

>>52462990
i got banned by the catholic at BS for asking at what point do you change the blocksize?

what is you function what is your g(x)?

as hardware imporves it CAN cope with some size increase

>>52464092
>he will get those coins back in BTC too by a court order.

He already lost in court against the bitcoin devs. The court kicked him out on his ass and awarded the devs all their legal costs because his case was baseless.

>>52463936
> It would be a crime

Guess it's good that no people commit crimes and we don't need security in anything to stop them...

But you're wrong about the crime part-- someone could use this mechanism to move their own coins and that wouldn't be a crime but only they would know if the transfer was a crime or not. Interfering with it would leave *you* potentially subject to a lawsuit.

A blockchain with no security is just pointless.

Might as well have nChain and TAAL keep an excel spreadsheet: it would have better security than BSV has now.

>>52464260
>He already lost in court against the bitcoin devs.
There will be more
>Guess it's good that no people commit crimes and we don't need security in anything to stop them...
Try to make a multi-billion dollar crime when everything is transparent
>someone could use this mechanism to move their own coins
Nodes would have to comply, and if they want to keep their business, they won't act unlwafully

>>52464402
> There will be more

Filing a duplicate case when he already lost is just going to earn him another criminal contempt conviction.

> Nodes would have to comply, and if they want to keep their business, they won't act unlwafully

Great-- so delete all the blockchain stuff and just have Craig keep a spreadsheet at the nChain offices: it would be massively more scalable, more secure than BSV, and you could still say that it was secure enough for you because nChain won't act unlawfully.