/biz/ - Business & Finance

>>54713501
It's less insane than watching people actually just buy Ethereum

>>54713501
I noticed this aswell
Maxis are getting angry at anyone not investing in Bitcoin
This has to be a sign that Bitcoin wont break ath this bullrun

>>54713501
I didn't mind them too much, until they started openly cheering for regulation for other coins/tokens. Absolutely despicable.

>>54713536
Yeah but they aggressively did this recently

>the Bitcoin the rapist

>>54713536
kinda based though

All altcoins are scams

>>54713536
exactly, it's just getting out of hand. are maxis really starting to side with the SEC?

yes, the majority of other cryptos are shitcoin scams, but maxis are WILLFULLY ignorant of the merits of other legitimate projects out there, and are WILLFULLY ignorant of the legitimate problems in the bitcoin ecosystem.

i bet most of the maxi zombies out there weren't even around for the block size debates... seems that history is being forgotten.

IN SEC WE TRUST
IN BLOCKSTREAM WE TRUST
IN CUSTODIAL LN NODES WE TRUST

literal cult

>>54713501
Saylor is the cringiest of them all. The guy is so bearish I always think of selling everything whenever he preaches his mind.

>>54713845
BTC is the original shitcoin
they just dont like competition
really there is nothing special about bitcoin except being the first

>>54713962
Shitcoin is by definition, anything other than BTC.

>>54713525
>>54713554
>>54714349

t. delusional maxis

>>54713845
>Legitimate projects
There are none. Blockchains are massively slow and redundant. Using them for web3, oracles, dispute resolution, etc., is just retarded. Monero gets a pass since it's private & PoW. But all other altcoins are trash.

>>54714433
>t. shitcoiner holding a premined ponzi scheme

>>54713501
Twitterfag is right.
And I'm not a Bitcoin maxi, but a Bitcoin supremacist.
Objectively speaking, there's only one crypto and it's called Bitcoin.
Beyond that there are thousands of worthless pump and dump schemes masquerading as crypto whose only purpose is to rob you if your BTC equivalent net worth.

>>54713501
There's just not really a way to reason with Ethereans, because they don't understand what bitcoin is in the first place. There's legitimately no overlap whatsoever between bitcoin and shitcoins, and shitcoins invoking "tech" to draw comparisons and grift liquidity is essentially an attack on bitcoin, but ultimately meaningless as demonstrated by every shitcoin chart in history

>>54714521
The "tech" gaslighting is so ridiculous you've got a bunch of bullshit that amounts to paying $500 fees to move pictures around on opensea in a browser extension there literally is no tech

>>54713525
This. Ethereum is literally a shitcoin now with infinite supply and a monetary policy controlled by a cabal of trannies surrounding Vitalik who act with dictatorial impunity. They can decide to print another trillion tokens any day and airdrop them to niggers in Somalia if they so chose and the bag holder community has no say in it. A literal centralized shitcoin ponzi. Ought to be regulated out if existence with XRP and the other 10000 worthless shitcoin Ponzi's.

Most shitcoiners don't even know what crypto is, hence why they pile into this garbage because they can buy more tokens with their $100.

>>54714510
reminder that Monero is objectively superior to Bitcoin and it makes BTC maxis seethe

>>54713501
Also you do realize that literally every shitcoin dev dumps their bags for Bitcoin right?

>>54714563
Monero fundamentally cannot be audited, there's no way to know if a bad actor has an infinite supply of the token. Everyone using Monero trusts that none of the countless hard forks ever allowed or will ever allow someone to mint an infinite amount of the worthless larpy shitcoin.

>>54714563
Monero is a midwit shitcoin

>>54713536
All shitcoins aka "alta" are intrinsically scams with no value.
Name one shitcoin that has delivered a single useful and profitable service that benefited the world.
And yes, Bitcoin did improve the world by delivering a totally trustless, decentralized and superbly fungible and secure asset. In fact Bitcoin is the best asset in the world right now, beating real estate, shiny rocks, cash, art, and definitely beating Government issued and infinite supply asswipe like the US dollar.

>>54713501
it attracts a lot of midwits who are late to crypto and not adaptive enough to deal with it in general. they want big daddy government to ban everything else for whatever contrived reason, because in their minds everything would be so easy and just a big moon mission for their bags if there was no competition to bitcoin.

>>54714563
No. It's s copy paste BTC clone made worse by the infinite supply. No reason to own it unless you are a criminal. Will never be held by institutions.

>>54714563
Monero gets a pass, but Monero maxis are some of the most delusional people imaginable.

>>54713501
>the maxi crowd has to be one of the most dogmatic cults I've every seen out in the open. it's absolutely insane to watch these people jerk each other off on twitter.
>the laser eyes are a hilariously telling symbolic representation of the lack of individuality and critical thought amongst "bitcoiners".
>bitcoin is great, but this shit is just so cringe and can't be good for the movement in the long run. Max Keiser and the Swan crowd seem to be some of the main perpetrators

You can't motivate the sluggish and stupid masses to do anything without a certain level of fanaticism. So let them be.

the late adopter bitcoin maximalists are just as deranged as every single altcoin maximalist, they just happened to luck out on the correct cryptocurrency.

the real early adopters though, are the only ones that seem to see this entire market for what it is.

>>54714564
Yep. All shitcoins are just clever scams for devs to increase their BTC value by promising some solution to a problem that doesn't exist and never delivering on it because issuing shitcoins has no legal strings attached. There's notjing holding shitcoin devs accountable. They can just vanish overnight with their newly acquired Satoshis. Wealth is measured in Satoshis.

>>54714633
>says /biz/ poster with $7,000 portfolio consisting mostly of xrp, rose, link

>>54714678
You'll also see a lot of literal peasants on this board laugh at billionaire Saylor because even though they've literally never made money in shitcoins, it's definitely going to be different next cycle

>>54714563
monero's idea is fantastic but it's execution and technologies are a massive house of cards. it has no one with the financing or capability to getting them out of the mess they've gotten themselves into over the past decade.
hopefully some xmr whale can step up.

>>54714703
funnier still they're still holding the same alts from previous cycles instead of playing the cryptocurrency game properly.

nothing makes an altmaxi seethe more than when they find out your bag is 100x the size of theirs AND you still tell them it's going to zero long term.

>>54713536
During the last bull market, you ETH maxis were fudding PoW (muh energy consumption, muh save the planet) because you knew your Piece of Shit would become PoS. You have no right to cry about BTC maxis calling your shitcoin what it is, an unregistered security.

>>54714718
Even if monero shit out a perfect product tomorrow and could even somehow make a workable layer 2 (literally cannot happen) there's a permanent trust assumption that no one exploited themselves infinite tokens. All monero can *ever* achieve is grifting some small fraction of bitcoins liquidity.

>>54714564
false
>>54714602
either ignorant or lying out of malice
>>54714616
stay mad
>>54714638
it's precisely the fact that it isn't a clone of Bitcoin that makes it useful.
>muh instutions
use Visa / fiat then, faggot - financial privacy is a human right, if you don't believe that, give us your financial details

>>54713845
>maxis really starting to side with the SEC?

Of course. Why do you think it's alright for fraud to go unchecked just because it is paraded around as "crypto". A scam is a scam. There are laws against scams for a reason.

Imagine you went to work for two weeks and your employer decided not to pay you.
This is what "investing" in any shitcoin amounts to. You give them Satoshis and in return you get nothing.

>>54714762
Shitcoiners tell me "nooo that's not libertarian" and I think "oh good"

>>54714757
Montero is the only alt coin along with maybe LTC that i would consider alt coins. After that, it's just a sea of worthless shitcoins.
But Monero will never be widely used or accepted because of it's technology and deliberate obfuscation of transactions. It will forever be limited to a small niche if people moving dirt money. It's got a purpose, but it is not investable.

>>54713501
They’re inferior subhumans. No point in ever arguing with them they will always be right in their own little world because they’re at the top of the market cap game even though every regulator and their dog is openly talking about adopting superior technology and beating the shit out of bitfucks, draining them of any usecase they have. They’ll never understand LTC is superior because of scalability and they’ll never understand Monero is superior because of privacy. They really don’t understand anything at all, they don’t even question why it’s still #1 when there’s 2 dozen blockchains that are far far superior. They don’t see there’s organization dedicated to shilling bitcoin and fudding everything else and they still turn their back.

>>54714832
>But Monero will never be widely used or accepted because of it's technology

It's more widely used than Bitcoin. Right now. It's eating Bitcoin's lunch.

>>54714659
I think you're right about this. i just hate to see how toxic is becoming so I had to vent on /biz/

>>54714749
theoretically possible but future cryptography can retroactively validate exploits like that
monero's performance looks like your average 2017 cycle altcoin though, nothing out of the ordinary for an old top-heavy alt.

>>54714832
litecoin has less reason to exist these days than dogecoin, ironically. it's simply the first in a long line of "payment coin" grifts, and one of the worst examples.

>>54714889
it's more widely used in one of the five places that accept monero, vs the hundreds that accept bitcoin. hardly a metric worth talking about unless you have exceptionally heavy bags.

>>54713501
>what the fuck is wrong with bitcoin maximalists?

They have a functional brain, which makes shitcoincels like you seethe uncontrolably.

>>54714563
>reminder that Monero is objectively superior to Bitcoin and it makes BTC maxis seethe

wrong, baggie

https://www.youtube.com/watch?v=sZjcFRdvbjc
https://www.youtube.com/watch?v=PxTszHjwnyk

>>54715186
>It's War
monero functionally doesn't exist as far as bitcoin is concerned though. it's 0.3% of the size and has 0.3% of the security.

I actually agree with maxis that bitcoin is currently the best crypto in terms of adoption, decentralization, and properties of sound money and most of my holdings are in BTC, but to completely dismiss the merits of programability and developer friendliness is insane.

The blockchain paradigm can bring trustless decentralization into other social systems, which is worth pursuing, but maxis see this idea as a religious attack. Is the idea of DAO absurd to you?

Also, maxis are totally unwilling to discuss layer 1 scaling and the centralized interests set to profit from the current layer 2 scaling solutions. I get that the ecosystem makes sense in a lot of was, but maxis also see any critical discussion of this as a religious attack.

>>54715257
>>54715275
most of the people you're talking about fit into this category
>>54714666

the rest have realized that despite the technological advancements, so far it's only viable use case is the creation, speculating, or loaning of premined tokens.

and layer 1 scaling is so far a complete joke with not a single success story. the only way we know of scaling a blockchain is to throw away data at the edges, which is what things like lightning do.
everything else needs a second blockchain that can run at the required capacity which you can then peg or secure with the lower chain, but the upper chain still needs people capable of validating EVERYTHING that goes on.

sharding is the only potential solution we know of and the progress towards that is nowhere.

>>54714349
>>54714436
>>54714510
>>54714521
>>54714548
>>54714560
>>54714564
>>54714602
>>54714616
>>54714629
>>54714638
>>54714676
>>54714678
>>54714703
>>54714748
>>54714749
>>54714762
>>54714791

Notice how all maxi responses consist of the same mantras with absolutely zero argument behind them:
>bitcoin is the only crypto
>everything else is a scam
>tech doesn't matter
and now were ACTUALLY seeing
>regulation is good if it benefits bitcoin
>privacy is bad

This ridiculous dogma is the issue, and you guys are proving my point.

>>54715333
anyone talking about 'regulating crypto' is astroturfing, by the US government.
but, to be fair, 10 years ago everyone was against regulating crypto, because they were astroturfed by CEX's.

>>54715329
agreed, it's mostly the the late adopter maxis. I guess my issue is mainly with people like Keiser who are fueling the flames of the toxic cult mentality.

that said, I actually do have half a mind to go visit El Salvador kek

>>54715333
Bitcoin has been under continual attack since its inception, from normies, institutions, banks, and shitcoiners who are just trying to grift for money. The dogma is a defense mechanism against years of being shit on by literally everyone.
And you people seem to forget that the primary purpose of crypto (Bitcoin) is to be decentralized money that the government can't control, that's it. All you need for that is Bitcoin (and maybe Monero). The endless waves of tech-bros trying to stuff every conceivable use case & scam into the space are what caused the regulators to pile in in the first place. And now you're blaming Bitcoin maxis for a problem you jeets started.

>>54713501
Well they aren't the sharpest and they are trying to unload their bags on newfags

>>54713501
I wish I had been a maxi when I got into crypto...would have made me a millionaire instead of chasing shitcoin pumps. Now I am extremely poor with nothing and very little hope bordering on the kms stage of life. I remember making threads calling bitcoin, grandpa and shit back in 2017 and now I just realize what an absolute fucking idiot I am.

>>54715407
>The endless waves of tech-bros trying to stuff every conceivable use case & scam into the space are what caused the regulators to pile in in the first place.
OR, hear me out, regulators piled on to crypto, because crypto threatened the traditional banking industry, and if people used btc as a bank, as it was intended, the entire economy, which is primarily financial services, would completely collapse.

>>54715483

crypto (shitcoins) don't threaten the banking system

>>54715391
keiser is just insane bitcoin or not, just right place right time
el salvador might be able to pull off the panama of bitcoin but i can't see much more than that.

>>54715407
I totally understand this argument, but to think EVERY other proposed use case and project is a scam is delusional. Perpetuating that idea to benefit bitcoin is disingenuous. I believe bitcoin can survive on its merits without a deceitful propaganda campaign used to manipulate the masses. It can coexist alongside other blockchains which provide valuable trustless decentralization in other areas of human interaction.

Maybe I'm wrong, but that implies a fairly depressing society. Why not push for enlightenment?

shitcoin incels going INSANE itt lmao

>>54715542
>>54715508

>>54714678
actually I have a shitload of money I made from almost nothing trading both bitcoin and altcoins you dumb btc maxi and/or wage slave

>>54714838
"why it’s still #1 when there’s 2 dozen blockchains that are far far superior"
exactly, no matter how good a shitcoin is it will never overtake trustless, permissionless, undestructable digital asset Bitcoin.

>>54715528
Because a vast majority of shitcoins get their main grift by shitting on Bitcoin, how they're better to it, or will replace it (e.g., muh ETH flippening, Monero cope, etc), rather than trying to live peaceably as #2.

And when Bitcoin maxis brush off all alts as a scam, they end up being right >99% of the time. Pretty much every alt goes to zero against Bitcoin in the long run. So all shitcoins have done has been to lose (the majority of) people money, when they could have sat in Bitcoin & made it by now. And none of us are in it for the tech.

>>54715687
the biggest grift is simply showing bitcoin alongside altcoins, giving most people insanely unrealistic ideas about how large their alt is capable of getting. it's like showing a stock market ranking but sitting gold on the top. entirely separate markets.

the largest equivalent to bitcoin today funnily enough is dogecoin, at ~2% of its value.

>>54715232
I can just barely hear you over my Hooter's tendies.
If darknet markets don't accept BTC and it's been reduced to regulator-friendly, centralized, censored fiat status, what good is its existence?

>>54715762
monero didn't even capture a single bit of the north korean laundering, while ethereum, it's layers and bitcoin did.

the harsh reality is that monero is acceptable for the low iq black market users, but if you need strong privacy you have to be knowledgeable enough about laundering money on auditable blockchains to use monero correctly in the first place.

>>54715762
>BTC and it's been reduced to regulator-friendly, centralized, censored fiat status, what good is its existence?
bitcoin will cease being 'regulator friendly' as soon as the US government finishes dumping confiscated btc.
this is probably the main reason narratives have changed from poo-poo-ing cryptocurrency and moved onto bitching about CEX's instead.
that being said, btc probably has another 12 years to live, eth is probably on it's last bullrun and dies in 4.

>>54713501
no, we really just want to get really fucking rich and have constructed an elaborate ruse with its own rules and myths to become a self-fulfilling prophecy. and it works because everyone is so fucking desperate. we're conmen, some of us are honest enough to admit it.

>>54714889
i too can write down numbers and claim they are facts.

>>54715747
>>54715687
Just thinking out loud on your statements, but hear me out:

You guys are looking at it as if every project is competing in a single dimensional contest for the largest market cap. The different nature and use case of each project implies a different economic demand and market cap trajectory. Despite this, it can be argued that alts do have more upside potential just based on much lower current adoption (yes most are scams, but some are not). By your own admission, you are only in it for price gains, so it sounds like you are simply talking your book and attempting to eliminate any competition to bitcoin in the price gains contest.

However, I don't think this is totally the right way to look at it. Say, for example, XRP is widely adopted by banks for settlement (whole other rabbit hole here, but this is just an example). If its market cap surpasses that of BTC, is it actually going to absorb any of your gains? Perhaps not, since it serves a different economic segment.

>>54715803
LOL okay now I know I can't take you seriously

>>54715975
The various digital securities are not competing with bitcoin as money, I agree. They're mostly competing with payday loan places.

>>54713501
The short answer is blockstream and the layer 2 meme they've been pushing since 2015 which requires permissions (liquid) and/or trust (lightning, fedimints) in order to solve scaling issues

>>54716063
as opposed to ethereums 30 different non-composable layer 2s?

>>54713501
bitcoin is closer to real money than USD

>>54713501
If I had bought at sub $1 and still had hundreds or thousands of them left, I would be a maxi as well. Might even still have a social media account or accounts served by a bot network promoting it as well.

Bitcoin maximalist here, do you think anybody cares what memecoiners think?

>>54715483
This is a good point, there is technology out there that can break us free from the chains of the corrupt institutions that rule over us. In this sense, I am in it for more than just the money and this is why I think the maxi dogma is bad overall.

>>54716081
Shitcoiners will tell you about the tech their shitcoin has but cannot give you a single example of what to do with it
>pool cumrocket/pepe and collect fees
>move jpegs around on opensea
not use cases

>>54715975
>you are only in it for price gains
Everyone is. If you say otherwise you're lying or stupid. Literally no one gives a shit about the tech, because trying to implement an advanced tech stack on a blockchain is retarded. There's a reason almost all tech services are run on centralized platforms, especially if you want something performant.

>>54716151
And for the few decentralized platforms out there that are worthwhile, none of them need their own shitcoin. Maybe eth for gas fees, but that's it.

>>54716150
At the end of the day ethereum folks shill basically self custody of stocks as the end game, which is so fucking dumb its hard to fathom

>>54716168
Name even one of these "decentralized" platforms then

>>54716081
>>54716150
My point was that all proposed layer 2s thus far are a meme and basically, they're just not gonna scale, ok?

>>54716231
At least with bitcoin the underlying asset is sound. People don't use gold as money either, it's that you technically could.

>>54713501
they didn't sell at the peak due to greed so they're desperate to return but they are in for years of ball torture instead

Its so fucking retarded to say bitcoin is the only worthwhile coin when there is link. Link will enable the mainstream usecases for this shit, not btc. Btc is still a great buy but it already does what its supposed to do.

>>54716307
What "mainstream" "use case" does this shitcoin enable?

>>54713536
Basically this. You cannot say Bitcoin is the best form of money, and then secure its usage through enforcement. They're just desperate bag holders.

>>54713845
Also this. Bitcoin is boring as fuck. The user experience is absolute dog shit, and not only do they refuse to acknowledge it, they are too scared/lazy to make it better.

You cannot run the world economy from people passing bitcoins around from their shitty fucking wallets. Bitcoin maxis are lucky as fuck ethereum came along.

>>54716223
Non-blockchain ones: you have ipfs and federated social media like mastodon, pleroma, nostr.

Blockchain ones: you have dmail, ens domains, urbit (though urbit itself doesn't run on a blockchain).

>>54716331
Money is supposed to be boring you retarded faggot lol

>>54716257
Which means bitcoin ends up in the same boat as gold: not used as a currency because it's too slow and too inconvenient, so a bunch of layer 2s (fiat, banks) get built on top of it. Then eventually everyone stops using the layer 1, either because the layer 2 is that much better or governments outright ban it's use but promise that the layer 1 backing the layer 2 is still there.

>>54716391
Bitcoin can adapt as needed. For each new piece of "tech" each of the 25,000+ shitcoins have come up with, literally none of them mattered and bitcoin was not harmed by not reacting to each of your shitcoin sales pitches

>>54716436
And building a big retarded house of cards to support the self custody of stocks is literally a nonsensical goal

They will not admit when they are wrong and commit to what Bitcoin even is.

>>54716563
Bitcoin is property on a decentralized global liquidity network

>>54716150
DAOs/voting, NFTs (inb4 most are scams, inb4 ordinals), IoT micropayments, lending, integration of separate digital clearing/settlement systems

Yes, these could all be done with bitcoin, but there's absolutely no push for developer friendliness and programmability so it's not reasonable at all.

>>54716151
You're literally saying trustless decentralization has no use in human systems other than money. Like I said in >>54716140, it has the potential to disrupt the current push towards institutionally driven neofeudalism. We aren't lying or stupid, we just value freedom.

>>54716168
I'm genuinely curious to hear you dismantle the idea of Filecoin as an economic incentive layer on IPFS. DESU I'm not very familiar with it, but it sounds reasonable on the surface.

>>54716573
It's hardly decentralised, barely liquid, and people keep wanting to shill another network called "lightning". But it is verifiable, currently secure, scarce property. That does count for something.

>>54716436
>bitcoin can adapt as needed
Blockstream has repeatedly chosen not to and wears this as a badge of honor. 'Member how miners were supposed to be paid by the fee market instead of betting on pure price appreciation because fees are being sucked away by layer 2s?

>>54716534
But anon the liquid network was built to do this exact thing

>>54716563
>property
This is only if it stays on layer 1 in your custody, and if anyone can prove that you obtained it incorrectly a government can seize it.

>>54716628
It's very decentralized, and there's nothing even close else in digital money. And lightning doesn't need to be perfect or even great, because there's very little real demand for bitcoin micropayments. Lightning fud is such low tier shitcoiner gaslighting.

Bitcoin is a security of Craig Wright. He invented BiTchCoin

>>54716886
Founder of BTC
pic related

>>54716790
The government cannot "seize" bitcoin, you can surrender your bitcoin or be coerced into giving it over, same as literally everything in the universe.

Liquid network isn't relevant, people fud blockstream as if anyone gives a shit about blockstream. This is bsv-tier fud adopted by shitcoiners to push their retarded voting tokens.

>>54716629
To clarify, decentralization is good and useful, but doesn't require a shitcoin. And anyone holding shitcoins isn't in it for the tech, they are in it for the money. And you seem to not understand that all proof-of-stake platforms (which is about 99% of your shitcoins) are centralized by nature, all you end up doing is gatekeeping people from true decentralization (PoW).

>>54714436
This, everything except btc and xmr are a scam

If you're a bitcoin maxi and over the age of 40 get the fuck off my board you tourist.

bitcoin is the idea, ethereum is the execution.

>>54717091
Monero is bsv-tier shitcoin grift

>>54717174
btc was the idea, monero was the execution.
eth was the 'new' idea, <different PoS> is the execution.

>>54717281
true, but it's fun to trigger btc maxitards with eth

>>54717068
Tokens actually are needed to economize the type of decentralized system we are discussing though. Not to mention things like DeFi, to which value transfer is absolutely inherent. It would be great if bitcoin could be used for this, but as >>54716790 said, blockstream has no intention of making that possible. I tend to agree with you on PoW vs. PoS but that's a separate topic. I'm simply trying to break the maximalist dogma here.

>>54717322
whoops, sorry, carry on then, I'll delete.

>>54717338
Also, notice how I haven't advocated for a single altcoin in this entire thread. I am only trying to point out the dangers of the TRIBALISTIC MINDSET OF MAXIS.

>>54714563
When I need my clothes cleaned I'll get out the detergent I'm not going to wear it on me everywhere.

>>54717439
Because you can't point to any that aren't ridiculous scams lmao

>>54717338
Unlike The Ethereum Corporation, blockstream has no authority to make ad hoc changes to bitcoin

I’m going to turn these shitcoins into bitcoins when they stop lying about the economy.

>>54717757
You don't really understand how these things work, do you? Ethereum isn't running on some server that Vitalik can just open up and swap parts out of. Get a clue old man.

>>54713962
This. Why is it so hard for maxis to accept that there are other coins that are better p2p electronic cash? BTC will eventually be flipped.
It's not much different from the USD system. We have a system built around USD, so we use USD. Even though most people hate it, and the US government uses it as a weapon. Eventually the USD will fall.

>>54718112
You cannot give an example of one though

>>54718186
Flips btc within the decade. Checkem and screenshot it.

>>54718112
common late adopter fallacy
for something to beat bitcoin it has to be a better money, not a better technology
you can build infinite technologies around bitcoin the neutral money
you can't premine a new money, or expect everyone to decide this random alt out of 20,000 is the "next bitcoin"

it all stems out of cope that you missed out
you weren't smart enough to get in early

if something does replace bitcoin, it for sure isn't any of the 20,000 alts today, and will likely not even be called a cryptocurrency.

>>54718253

>>54716046
that article is peak cringe
why would north korea mine monero when their electricity prices are sky high and monero is one of the most unprofitable alts to mine?
this is worse than xrp holders.

>>54713525
akshualllly

>>54715975
>every project is competing in a single dimensional contest for the largest market cap
no, i pointed out how the next thing that could even be compared to bitcoin represented 2% of its value
everything above dogecoin and below bitcoin represent largely tech companies at varying levels of decentralized governance whose main product happens to be a blockchain.

>>54713501
Grown men like Adam Back and Nick Szabo doing the laser eyes thing is incredibly cringe. Its sad to see them lose their dignity for the sake of maintaining their sacred ponzi scheme.

>>54718319
hope you don't own any altcoins then

>>54718186
theres an old bitcointalk thread where i think hal finney posted a pic of a clipart dog holding a bitcoin and pointing to it. the dog didnt look like kabosu but im sure that satoshi was partly responsible for the invention of dogecoin. when i saw the pic and the dog pointing to the bitcoin it just reminded me of that scene from enter the dragon where bruce points to the moon and says, "Don't think. FEEEEEEEEL! It's like a finger pointing away to the moon. Do not concentrate on the finger or you will miss all of the heavenly glory!"

Dogecoin is the real bitcoin.

>>54718348
Why are you so bothered by what other people hold? I'm more libertarian and do not try to force my opinion on others. BTC is an 'altcoin' in that it doesn't really have any valid uses anymore besides being a ponzi propped up by tether.

>>54713525
Kek. This desu

>open thread
>It's a bunch of feds pretending to like Bitcoin because it has no privacy and like regulations and government
If you're not feds you're just the best shabbos goyim to ever exist. Disgusting.

>BTC pumps
>/biz/ gets flooded by maxipads out of thin air
>BTC dumps
>they disappear just as quickly

>>54713501
the only use case of a blockchain is digital money/gold/store of value
separating money from the state
not allowing kikes to print money by saying "check"

honest question to all altcoiners, how many years have still to pass in order for you to admit that it's all vaporware? satoshi used blockchain because in case of bitcoin you need something durable and trustless, that's what you need for sound money, fast transactions aren't that important, buying gorceries with your fast shitcoin won't make anyone's life easier or better, not even yours because a shitcoin with hight velocity that's being traded back and forth doesn't have upward pressure on its price

>>54718258
/thread
retards still think it's about fancy features and unsecure 'tech' in 2023

>>54713528
>This has to be a sign that Bitcoin wont break ath this bullrun
You boldly assume there are going to be any more bullruns.

>>54713501
As cringe as that guy is, here you have making a twitter thread on 4chan and then proceeding to seethe for 15 posts in your own thread about twitter posters.
You are a fucking retarded faggot moron of a magnitude that twitter folk who stay in their lanes cannot come close to. Fuck off back to twitter.

>>54718351
If dogecoin just 1:1 copied bitcoin but with a billion supply it could reasonably flip bitcoin yes

>>54720297
having a fixed supply isnt suitable for p2p electronic cash. you need to have inflation otherwise nobody ends up spending and down the line miners lose incentive when theres no more blocks to mine. the brilliance of doge is that the inflation is a fixed amount so as time increases the rate of inflation trends towards zero. xmr is the same.

i always like to tell people that dogecoin is an IQ test. at first glance and repeating the joke rhetoric people dont take it seriously. but if you ignore the "built-in" fud and digest the above you would realize it is actually a better p2p e-cash than bitcoin, segwit or not.

>>54715333
>Arguments

Provide an argument for shitcoins (besides making their devs and early adopters wealthy).

>>54714742
>funnier still they're still holding the same alts from previous cycles instead of playing the cryptocurrency game properly.

Shitcoin bagholders who are married to their shitcoins never recover their money. EVER.
One could argue that the only value shitcoins provide is their speculative value, and once they've been through a bull cycle they're spent and will never aproach ATH since their speculative potential has evaporated.

Just look at Sergey's paypigs, the LINKniggers. Quite possibly the most delusional of shitcoiners. They thing an obsolete, unused ICO tier scam from 2017 and no business case, will be some underlyine protocol that powers the DEFI (aka shitcoin) economy.

Ell-MMAAA-OHHHH

>>54714838
>They’ll never understand LTC is superior
Lmao. LTC is a direct copy + paste of Bitcoin's sourcecode that Charlie Lee instamined for a little bit to enrich himself. You don't even know your own history, faggot.

>they don’t even question why it’s still #1
We know it's number one because it's the best asset in the world and truly trustless and decentralized.
No scammy software companies hiding under the guise of a "foundation" to avoid security laws and then creating illegal securities (funding tokens) and dumping them to the retail markets (like the highly illegal LINK).

Bitcoin is the only crypto. Shitcoiners are just poverty niggers and bitter nocoiners.

>>54715257
>but to completely dismiss the merits of programability and developer friendliness is insane.

And what has programmability as delivered by ETH given the world? A launchpad for a million pump and dump schemes and dog pictures?

It's a blockchain still desperately searching for a purpose.

>>54715528
>I totally understand this argument, but to think EVERY other proposed use case and project is a scam is delusional.

No, it''s not delusional. It's illegal.
What the major brand name shitcoins are are basically failed software companies evading securities laws and funding themslves by illegal security emissions (aka issuing tokens) with no legal commitments to performance or any strings attached.
This is highly ILLEGAL for a host of very fucking good reasons.

If you want to start a software company to tackle some perceived problem, instead of fleecing the shitcoiner retards for easy money, they ought to go to the conventional sources of funding like debt or if they want money from the public, they have to register their security and get proper audits and issue filings and discoloures. It's the ethical way to conduct business.

>>54716307
>Its so fucking retarded to say bitcoin is the only worthwhile coin when there is link.

Quite possibly the most overpriced shitcoin of them all.
I think only XRP top LINK as a more corrupt, premined, centralized shitcoin with no purpose.
>BUT MUH INFOGRAPHICS WITH GOOGLE LOGOS
What happened to the Google "partnership"? What about the Gravelcoin partnership?

>>54716344
Unironically this.

>>54717174
>bitcoin is the idea, ethereum is the execution.

Lmao. Orly?
When did Satoshi describe his vision as a infinitine supply PoS shitcoin with a monetary policy decided on by a cabal of trannies and basedmales that surround Vitalik and one whose purpose changes every 2 years?

Bumping for more shitcoiner education.

>>54713501
People need to understand that BTC maxis and the FOUNDATION FOR THIS ENTIRE SPACE.

You should be grateful. 12 months of non stop and catastrophic FUD couldn't push BTC down past 76%...because Maxis aren't selling. Gun to their heads...Maxis aren't selling. New shiny coins... Maxis aren't selling. IMF says no BTC...Maxis aren't selling. Exchanges collapse...Maxis aren't selling.

After FTX I became eternally grateful for them. The give the asset, and the entire space, lasting substantive value.

>>54721783
>deflection instead of an argument

>>54715975
>XRP is widely adopted by banks for settlement (whole other rabbit hole here, but this is just an example)
I hate XRP because the "schizos" are one of the few groups who are more insufferable than the BTC maxies.

>>54713525
Fpbp

>>54714718
this is pure maxi cringe cope
you are tech illiterate and can't formulate anything against XMR other than saying vague shit that means nothing
the fact is that you get pissy at monero reply guys on twitter because you're not technical enough to talk back lol

>>54719873
Bitcoin is a terrible store of value. The price could go to zero without anyone even selling. All it would take is for people to pull their orders. If it wasn't for tether it would be dead already. Bitcoin was intended to be peer-to-peer electronic cash which it now fails at because insufferable maxi-pads and blockstream rebranded it as a ponzi scheme.

>>54720297
Bitcoin is already divisible to the one hundred millionth place. What difference does quintupling the maximum supply make?

>>54713536
Yeah, they’re insane hypocrites who don’t deserve Bitcoin

>>54718258
>has to be better money, not a better technology
You don't see how these are related? We're discussing digital money. If your tech is weak your money doesn't work very well. If your tech is outdated you can't transact very fast or at very high volumes, which hurts your token's ability to be money

>>54717781
He hard forked the network

>>54713525
LOL, sounds like you're one of the smarter peeps on this board. Unlike those lambo moon types who just throw money at anything with a catchy name, you're actually doing some research and investing in solid projects. Though I am not even throwing funds into the air like many fucktards here instead into projects that have products to offer, like MNI they are going to bring TRADFI to DeFi

>>54723708
When it comes to preserving my funds, I stick to Bitcoin and Ethereum. However, if I'm looking for some quick gains, I like to dabble in altcoins, particularly those with real-world asset (RWA) projects like RIO, EKTA, and MNICorp

>>54713554
>>54714629
>>54714748
The maxi seethes when confronted with thw truth. Must be a side effect of the cyber hornet venom.

>>54713554
>All altcoins are scams
Not all buddy, what i do before buying is to check the listing on reputable exchanges, look for explicit info about its purpose. Tokenmetrics is another tool i frequently check to get more clarification

>>54723678
The difference is the entire market cap of litecoin for example. Stupid fucks actually have a unit bias for numbers on a screen

>>54723430
you clearly don't know the first thing about monero cryptography, origins, and planned upgrades then.

>>54714436
Which orical uses a blockchain? Not which blockchains use an orical but which orical uses a block chain?

>>54713501
>muh bitcoin maximalists
Fuck off, faggot.

>>54713501
bruh central kikers have been dominating not only (You) for your entire life but also your parents and your parents parents for the last almost 200 years
BTC is unironically the first actual solution to the "kike" problem and giving the common man true mathematically algorithmically secure financial freedom

>>54714563
No payment channels and a lot harder to make various other L2 infra like statechains, drivechains, etc.

I like randomX and p2pool a lot, but having the fancy crypto on your base chain turned out to be a huge blocker.

BTC network effect and overall simplicity of design for the base chain makes me more bullish for it to remain the premier PoW chain. Still keeping a close eye on miner pool centralization, but I think even in case of significant capture of miners there will be a winning hard fork that fixes the problem (after a great deal of pain and chaos, of course).

There is always going to be the One crypto asset which every other protocol orbits, right now and for the foreseeable future thats orange coin.

>>54715762
The USD flippening is real and BTC has enough of a network and enough liquidity to be a reserve asset on central bank balance sheets. In the long run, crypto assets as digital gold is going to be a real phenomenon. The question is which and when. If El Salvador manages to not get fked anytime soon, others will copy their model.

The lack of fungibility of UTXOs and mining centralization is a big risk, but even still BTC has the best chance of getting the foot in the door to open up room for more and better options. Including secondary layers that allow for real privacy.

>>54725734
>mining centralization
Explain yourself anon, I'm expecting its something utterly retarded about mining pools

>>54725633
"Miner pool centralization" isn't a thing

>>54726025
You dont need 51% of the hashrate to effectively censor transactions, as miners are economic agents they won't build on chains more likely to be forked away.

How much hashrate is located in the US alone, not including countries in US sphere, that would be forced to comply should the government enforce some sort of censure? BTC is by far the biggest portion of my net worth, but that doesn't mean there aren't still hurdles that have to be crossed. Due to asics and electricity needs, miners are physically vulnerable to state coercion, and right now there is a dangerously high amount of the hashrate located in hostile territory.

>>54715382
>>54718890

I was skeptical of this claim at first, but at this point I wouldn't be surprised. They just keep repeating the same mantras and ignore any legitimate arguments.

>>54726518
There are no legitimate arguments for shitcoins, you're a filthy little pay pig slut for San Francisco VCs and a delusional moonboy faggot. Imagine explaining to your kids when bitcoin is 10 million dollars why you're still a poor faggot. Millennial and zoomer nocoiners will be worse than today's boomers in the future.

>parents could have literally bought five dollars worth of bitcoin per month and we wouldn't be eating bug rations
>parents bought niggercuminu and monero instead

>>54725734
>crypto assets as digital gold
if theres going to be a digital gold recognized globally it will be bitcoin alone. how would it make sense to live in a world where we can have new versions of gold created out of thin air? you either follow one protocol and ignore the rest or you just give up on the idea entirely. when you make the decision for bitcoin to be digital gold you have to stick with it for a long time.

>secondary layers that allow for real privacy
im not a l2 fan. to me an l2 is like a CEX. everything you liked about the base layer is out the window once youre transacting on an l2. youre sacrificing too much just to speed things up. atomic swap w/ xmr or coinjoin eliminates these concerns. if you got anything better then tell.

>>54717439
>I am only trying to point out the dangers of the TRIBALISTIC MINDSET OF MAXIS.
Can't win against the BTC maxis, so let's gaslight them, I guess?

>>54726677
The good news is there's no legitimate need for a layer 2 of really any kind right now and may never be

>>54726745
Lightning for bitcoin is like picrel sheets of gold you can snap into individual grams, totally pointless but sure it exists

>>54726518
What legitimate arguments?

>>54713501
The fanaticism is a reaction and its proportional to how much the ((rigged)) financial system screws society and the economy over

>>54725283
But they planned upgrades on Monero have been running for years. The insane niggars are playing your emotions. Have since dumped that shit for NexeraID and TIDV for my security in space .

>>54726588
>being this angry
very telling. this is your brain on maximalism, kids
your perception of reality is warped by the maxi doctrine which does not allow nuance. you're the most frequent poster in this thread, but you fail to realize I've said multiple times I prefer bitcoin and it makes up most of my holdings. the whole point of this thread was to call out the absurdity of your dogmatic worldview, and you're proving my point by letting your cognitive dissonance show through your frustration while desperately trying to defend your cult's prescribed statutes

>>54713501
OG

>>54727445
yet you still can't list a single legitimate argument for altcoins

>>54726677
Doesn't reach internet scale without L2. You want personal servers paid through streamed micropayments, decentralized social media backed by staked BTC, PKI, etc. Right now everyone just hodls, but in a world where people actually cotton on to the digital money thing, blocks get really full really fast.

You need some form of L2 to truly realize the promise of BTC as a reserve currency of the internet.

>L2 is a CEX
This is a terrible metaphor. You still self custody with even the very basic stuff like a fedichain or lightning. Yes you make tradeoffs, but eventually you want to move your pile of gold around, and there has to be infrastructure in place if everyone is trying to move their piles of gold around.

You are of course free to stay entirely on the mainchain, but there are legitimate usecases that require different protocol layers on top. Even something like a fedichain that wraps BTC to use in defi protocols, such as borrow/lend pools, is a legitimate use case not enabled by base BTC, and is currently being served by custodial entities. Would be better off with that custodian instead being it's own layer of decentralized validating nodes.

>>54726915
>>54727518
read the thread

>>54727445
I think it's funny watching shitcoiners act high and mighty when the best one of you is only down 75% in sats from your all time high 6 years ago

Each one of your chosen shitcoins definitely has the tech to be the one, don't worry

>>54727807
I've read your thread and I stand by my statement.
pie in the sky shitcoins with (((potential))) IRL usecases mean shit

>>54727772
you want l2 so a digital gold with a hard cap can behave as digital cash? what happens when theres no more blocks to mine? like i said, dogecoin is better suited for this.

>>54728350
>like i said, dogecoin is better suited for this.
Stop spitting craps fool. If not for Elon, Doge would have been resting eternally right now. Even if I print money like the Fed, with seeing Ethereum and Nexera protocol, I don't think crypto investment is for me.

All the POW coins have at least value in themselves and while they are in competition they are great by existing however etherium is a fucking negative net drain, the ultimate shitcoin, high fees, subsidized by (((institutions))) like jp morgan, nodes controled by centralized entitys and its fucking POS, literally fuck vitalik butterin for his fucking marketing campaign to enrich himself and others, all the shitcoins provided by etherium layer 2s are fucking shitcoins, no use case in fucking doggy memes, the end game of tokenizing everything will be done in probably better blockchains like tron or stellar which i don't know if they are POS but i think they may be however even then this blockchains have better use experience than slow overcomplicated centralized piece of shit etherium and also the day day bitcoin improves its smart contracts it will be fucking over for etherium because etherium is for fucking kikes and scammers.

>>54713501
Bitcoin is the fool's gold.

>>54725734
>reserve asset on central bank balance sheets
>On March 14, 2023, the government sold 9,861 BTC for $215.7 million, according to court documents filed on March 31.
Why would they hold a unregistered security from Craig Wright?

>>54713525
fpbp strikes again

>>54713525
fpbp as always