Only true brainlets own Bitcoin, change my mind!

1. The tech is RUBBISH
a. High fees
b. Slow transactions
2. "Muuuh Lightning Network"
a. Lightning network has very low capacity
b. No incentive to run nodes
c. Lightning network has about a 75 % failure rate of transactions
d. If it's so good then why is nobody using it despite being deployed for over one year?
3. Rubbish coordination of development.
a. Yes, there's a shit ton of commits on Github, but are we seeing any actual improvements? FUCK NO!

Bitcoin lives on:
1. First mover advantage, think Netscape and Myspace
2. A good name, I given them that, it's catchy
3. There exists more extensive regulatory frameworks for Bitcoin than for alts

Conclusion:
The fundamental value of Bitcoin is a joke, it's used as a speculation vehicle and it seems like it will never be able to transition to anything else, the fucking tech has been out for over 10 years, this is were brainlets go in with "muuuh, it's like the internet in 1947"... "muuuh, store of value"

Store of value is a meme for retards to believe in, why would bitcoin be a superior store of value than Gold/Land/High quality bonds?

Only a retard can believe in that meme.
Please let me know how this rubbish can have a total market capitalization of $70B?

That is literally a higher cap than Intel's equity, who employ 107,100 persons and have made every processor in 95 % of all the computers you have ever laid hands on, now what have Bitcoin done for you, besides retarded speculation and *maybe* buying some drugs with it?

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1ml.com
news.yahoo.com/shapeshift-flags-lightning-pizza-ordering-080017938.html?guccounter=1&guce_referrer=aHR0cHM6Ly9ndWNlLnlhaG9vLmNvbQ&guce_referrer_sig=AQAAAGaImaF33Re67l7kAsmXw6AmRbqIbtssRuSoFwLBAmYqSOyEBJahPRznOZG8b1t5ScG69KR9l2WsXurbjyhYI9oc4ZbRdx085gmvlBAZUkJuNmc3rgLhqs0WW_3-0nGMStde9EFWaOIRj3JrJqJpDXZnzAmlSn-OA1wmdhB1W5Gk
twitter.com/NSFWRedditVideo

You shouldn't be posting your portraits on 4channel, user.

Bitcoin gives the 99% a money which allows them to preserve the fruits of their labor & makes the Cantillon effects manufactured by the 1% obsolete.

Bitcoin gives the 1% an asset completely inaccessible to seizure by a potential uprising of the 99%.

Demand will come from both.

Op is a fucking retard who is not aware of network effect, hashrate ath, tx almost back to bullmarket levels, segwit +50%.

Stay poor you peasant.

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Instead of being salty, give it a shot and tear down my arguments instead of acting like a gigabrainlet!

>why is nobody using LN
Nice larp op. LN is growing at parabolic rates but please keep coping.

1ml.com

>arguments
I see none. All i see is massive cope of a nocoiner who missed life changing wealth roi and because of his too inflated ego will miss the next run and most likely finally kill himself.

>why would bitcoin be a superior store of value than Gold/Land/High quality bonds?
Try to pass customs with +10k$ in gold you absolute brainlet. Feds are cracking down on tax heavens. What do you think where offshore trillions will flow?

You might be the biggest brainlet on this board, congrats.

>1ml.com
No it's not.
news.yahoo.com/shapeshift-flags-lightning-pizza-ordering-080017938.html?guccounter=1&guce_referrer=aHR0cHM6Ly9ndWNlLnlhaG9vLmNvbQ&guce_referrer_sig=AQAAAGaImaF33Re67l7kAsmXw6AmRbqIbtssRuSoFwLBAmYqSOyEBJahPRznOZG8b1t5ScG69KR9l2WsXurbjyhYI9oc4ZbRdx085gmvlBAZUkJuNmc3rgLhqs0WW_3-0nGMStde9EFWaOIRj3JrJqJpDXZnzAmlSn-OA1wmdhB1W5Gk

Do you know ANYONE who use LN, can you name an exchange where I can send LN transactions?

>shapeshift nigger aka a known salty big block cashie faggot
opinion discarded. LN is optional. BTC doesnt have to scale to be worth trillions.

>secure
>decentralized
>scale
pick 2 and only 2. read my posts above to understand why btc doesnt have to scale to buy a gay ass hipster latte.

I am doing fine financially. I have about 0,3 % of my wealth around my arm. Do some calculation on the watch and you'll get to know my net worth.

Bitcoin has SHITTY tech and there is a cap to the network effect when you have SHITTY tech.
Why would I want to own an asset like Bitcoin which has:

1. High fees
2. Slow transactions
3. No smart contract functionality

Over ANY smart contract platform?

They're faster, cheaper to use and have more use cases.
If you want to keep on believing in your delusional "muuuh, store of value", you can do the same thing with any smart contract platform too.

If your argument is "hashrate ATH", then you're more brainlet than what I initially thought I would ever find here.

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to quote an earlier post of today. learn something @op

you've missed the simple fact that

1) bitcoin is money
2) bitcoin is not technology

the demise of bitcoin is the demise of cryptocurrencies as money, it's as simple as that. if you want a utility-only world of cryptos, fine, that would be a drop of about 99% in terms of value, but you can't remove bitcoin from the picture and expect the concept of store of value to remain.

ethereum is fine, but the dao bailout and the 70% premine shows that it is worthless as money, it's value is held entirely due to it's technology and what turing complete smart contracts have enabled. launch ethereum with the same technology as bitcoin, and it would already be dead.

when you understand why bitcoin has remained so dominant with such rudimentary technology, you'll understand why no amount of "better tech" in alts can make a single bit of difference. that and late adopter desperation throws all logic out and they cling to their favorite alt as if its going to make them rich.

Lol hide yourself faggot, I bought BTC in 2012 and sold almost all of it in 2017 exactly because of the arguments in OP.
Alts moon higher during bull markets, and USD is better during bears. BTC is no longer good even for a speculation plaything.

Doesn't super computers use actual GPU's though to be able to solve general problems?
Bitcoin miners are ASICs which are made only to break cryptographic hashes, specific to Bitcoin...
Waste of time and energy.

You should measure it in the utility it brings to the table. I see little to nothing.
But bitcoin copers are going to cope, the panic will come when we're in 2025 and we haven't had another bull run (I am not saying that it can't happen, institutional FOMO is a real thing but it'll die in the long run), that's when their little charts will starts to break down since their are no more laggtards to fuel the bubble.

>i like to larp to cope, the post.

Have you ever tried transferring EOS/ETH?
Instant or about 30 sec.
Free or a few cents.

Compare it with the experience of transferring BTC.
Wait 40 minutes...
Might have to pay $5 in transaction fee.
Enough said

This place is brainlet paradise :)

>unconfiscateable aset class with a tiny fixed supply
>no utility
thats a lie user. offshore trillions, black market and inflationary shitholes are a real thing, you know? btc volume on localbitcoins in venezuela is at an ath.

>mining is a waste
it secures the network, are you baiting us now?

if btc is overvalued or not is up to debate but saying it has no utility is simply not true.

I am speechless. You would fit right in the NANO subreddit, I mean instant transactions, thats the only factor that matters, r-right? Mr. Kruger would of made an excellent example out of you

In the long run it's still cumbersome and time consuming to use Bitcoin when you want to remain anonymous, it's just easier to use a private coin.
The monopoly probably will break down with time if people realize there are more user friendly solutions.

>Lightning network has very low capacity
Still bigger than most shitcoins.

>Have you ever tried transferring EOS/ETH?
we already went through this, brainlet. not decentralized, not secure, not money. eos has collapsed like 100 times, eth is a 72m premined centralized mess which the dao hack showed.

im off to dinner, was fun getting baited.

kek

lel.

The only larpers are 2017 Jow Forumsbitcoin-ers who think they know how early adopters act.
I know probably 100 early adopters and not one would disagree with OP.

Libertarians stuck to BCH, tech nerds are playing with ETH and EOS even, many still trade, all hold some BTC but only because they know brainlets tend to buy it. Oh, and of course many simply dumped their bags and moved on.

>t. Local Bitcoin meetup organizer (since late 2014), who mined shitcoins as early as Jan 2013.

>100 "early adopters"
>many dumped

you seriously think you're funny?!

The cope is so hard.
Good luck hodling, I wish you the best.

Also:

4. Centralized ASIC mining
5. Price already too high, can't pump much higher but could always drop to zero(muh store of value loool)

chew some dick you larping brainlet lmao. ill give you 10 btc if you show me a time stamped mtgox screencap aka never.

Being a BTC maximalist really means that the person
1. Joined after 2016
2. Takes his information from paid shills on Reddit and Twitter
3. NEET-s away all day, never exposes himself to actual early adopters.

Most people who used to go to meetups in 2015 either turned into cashies or retired with ANS and BNB

This. If you didn't dump your heavy bitcoin bags around 15-20k when it went parabolic you dun goof'd.

thanks user, as i said, i already long made it. it could drop to zero for all i care.

i wish you some upcoming in the horology game. try for a used 14500 oak or even a batman but get rid of that terrible dateJUST kek.

Never used mtgox you retarded nigger.
But if this thread is alive I'd gladly do the same for bitcoin.de

Tbh I dumped most at 6000 (on the way up).
Couldn't have known that brainlets are that numerous, otherwise could have retired by now

>organizer
good lord, get a load of this neckbeard lmao. im dying.

There's ancaps visiting meetups who bought at pre-Roger prices, lmao. What do you expect, seeing a retirement opportunity after a x10000 and still holding, while it's obvious that the average IQ of holders is dropping? Everyone holds some BTC, 21 seems to be a magic number for many, but every early adopter sold plenty

an early adopter is somebody who made money on silkroad not who circle jerked in meetups you absolute cringe neckbeard r*ddit nigger. holy kek im out this thread.

>why would bitcoin be a superior store of value than Gold/Land/High quality bonds?

Censor resistance and security. I wonder why something would have high value in the most secure network on the planet.
You OP sound like a newfag that needs to do some research.

Imagine implying that because innovators (early bird) geek neck beards sold off, BTC is no longer valuable. Imagine being this guy. Goes to show how little you actually know of BTC. But hey all we have to do is wait 2 years and see, and this whole issue will be put to rest. No point in having this discussion since everyone is clearly emotionally involved due to holding bags, or having bags at some point.

Question for you shitcoin maximalists. You guys hate Bitcoin, but what about alts that are essentially the same code as Bitcoin (Litecoin, Dogecoin, etc)? Most of the arguments on here talk about shitcoins having more % gains, but that's like saying an unknown penny stock is better than Google stock because it pumps higher. If you take the pump aspect out of the argument, why do you guys prefer alts that are clear copy/pastes of Bitcoin's code instead of just using the original?

Clear cope of having missed 10000x roi

It actually doesn't matter at all what you missed or when you bought what matters is what you do now. Holding/buying bitcoin in 2019 makes literally no sense, the gains have been made on it already.

I was just saying BTC is bad for speculation because it's less profitable than switching between alts and stable coins.
LTC is the biggest shitcoins in the universe, exclusively used for PnD by insiders. BTC maximalists are taught to love it through Jow Forumsbitcoin propaganda because G.Maxwell was the first to code a GPU miner and had a ton of it. And BTC maximalists are brainlets who absorb every piece of propaganda

first statement is true, last one isnt though.

>what is probability on halvening affecting price
show me a single asset class worth more speculating on. its actually a risk not to hold bitcoin at this point.

This is a business board faggot, your social anxiety is not considered cool here. Go to Jow Forums or /b/

Not monero?

where does [expunged] go on the pic?

>BTC maximalists are brainlets who absorb every piece of propaganda

This sums up a clear majority of BTC hodler in 2019.

Honestly makes me laugh at their gullability, the sad thing is that they'll run with their copes until the charts start to break down, and people probably will be able to cope with some type of parabolic hope until 2025.

It's a shame, but brainlets has no hope and just wants to get shilled.

>muh alts
meanwhile almost all of the top 100 from 2014-2015 went to zero and most alts of 2017 are down -98%

suck a dick you brainlet.

No, because you need liquidity to move millions and 2nd layer ct will make privacy feature coins obsolete anyway.

>#BlockchainNotBitcoin

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>1000-10000% roi in 3 years
>btc hodler cope
autism, neat.

It's the name, regular people want to invest in bitcoin and not in some other alt coin
not even ethereum which is probably the second most known coin
as long as this is not changing, bitcoin will be the coin that all other coins are pegged against

BTC is also down ans the bubble was obvious you dumb faggot. Which is why I mentioned stable coins. Besides even link performed better than BTC in the meantime

>The tech is RUBBISH
yes and no, it sucks ass for users right now but it's still the best of the best overall.

If % gains are the only reason people evangelize shitcoins, why not just use high leverage on BTC? Every alt is synced up to the Bitcoin price movements, barring a few pump and dumps coins here and there. Soon there will be more choices of exchanges that offer 100x+ leverage, just like in forex where 500:1 or even 1000:1 is common. Because eventually you're going to hit a liquidity bottleneck with random shitcoins. You cant become bill gates trading some low cap shitcoin, you're going to have to scale up to higher caps. And so far there isn't a coin with as much liquidity as Bitcoin. Isn't it a better use of our time to focus all our liquidity into one or two coins so we can all become billionaires instead of millionaires?

>barring a few pump and dumps coins here and there
Here's the key - these are more that BTC short term price movements. BTC with leverage is good for TA fags, who are legit btw. But I'm not good at that

More predictable ***

But that still leaves the problem of being cucked by liquidity. I'm sure you can make a decent living catching pump and dumps but it's just not sustainable if you ever plan on truly becoming rich. After a while you'll either be forced to trade Bitcoin because its the only coin that can handle your size, or move to larger markets like stocks. And in regards to TA, I trade forex (EURUSD) with only a line chart and RSI, you really don't need much. Crypto people love intensely forecasting the next weeks/months because they're mostly noobs having fun larping. Depending on the timeframe and amount of leverage, you can have a 2017 crypto bull market within a couple days and a few cent range in forex. That's the power of fractals and massive liquidity.

>the next run
>the next
> he thinks there could be another 2017 run just because in the past it happened

what about Uranium, Graphene, CRISPR, they also had bull periods.
See where they are now

Plus: the fools get burnt in the previous bull, you won't get their money once again, stop being stupid

you gotta rely on zoomers now, when they man up grown up

>What do you think where offshore trillions will flow?

When someone cashs from btc to fiat they can always catch a tax fraudster

>Only a retard own a sailboat , an SR71 can cross the atlantic in 2 hours.

All i can tell you to change your mind is simple but the absolute truth.
Crypto is divided in 3 groups.

Ancap and minarchist autists that love the tech as it will minimize governments power.

Programmer autists that hate btc because muh slow and keep building better cryptos that fail misserably.

And lurkers that invest in shit without knowing.

Want to know why btc succeeded?
Because Satoshi Nakamoto understood the economic aspects and the programming aspects.
He unified the two polarities of cryptoautism into one single game theory that worked perfectly , he put the 1mb size block before he dissappeared probably because he knew that the programmer autists would try to improve the tech ignoring the economic part the ancaps understand.
If you look at the early btc forum post satoshi , hal and others that were involved understood that improving would lead to forking and forking would lead to balkanization of the btc space.

In a way forking would be like inflation you cut the currency in two to improve shit and that causes division and that causes lower value.

Bitcoin advantages don´t come from "first comer" , bitcoin advantages come from the fact it was not forked to improve it in hard forks.

It may take long time to accept a transaction so what?An international wire takes weeks and can be frozen until you prove you are not pablo escobar.
An international wire can have 50 usd fees , even at december 2017 level of fees btc would still be better.

You can go to every corner of the earth and trade btc for cash , altcoins no , and i wonder why it seems that forking every 5 days to improve is not good for stability.

Also descentralization sucks and goes against every technical advantage.
Centralization has advantages of better speeds , faster processing and more.

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Continue.

Descentralization for smart contracts and things like that is a fucking meme that will never succeed.

However Satoshi understood that people would be willing to paid the price for bad speeds , high fees and overall complicated purchasing process in one area.

International transactions...
Why?Because the descentralization allows to bypass national retarded laws and let people do what they want with their money.
You can´t do this with a private company as every judge will stop you if they want , but no judge can stop bitcoin.

International transactions is the only think that the blockchain will ever do because descentralization is bad for any tech except in this case since centralized structures may work faster but end cucked by law systems.

Even the paypal founders said they ignored lawyers because they knew they were going to end up told that paypal was illegal due to being soft on kyc rules.

BTC bypass all this growing orwellian keynsian shitlaws since you can´t stop it.
You can do a better bitcoin sure , but unless you have the liquidity it won´t work.
You can shill for memecontracts but they have no point as contracts will still need to be enforced by law.

BTC on the other way was designed to bypass laws.

Want a better crypto like btc?Use the same formula , pow , bigger blocks and let it untouched for a long time.

Only ones that may challenge btc in the future are bch and litecoin.

The rest are doomed to fail because descentralization is retarded in every aspect except international payments.

Pic related

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>That is literally a higher cap than Intel's equity, who employ 107,100 persons and have made every processor in 95 % of all the computers you have ever laid hands on, now what have Bitcoin done for you, besides retarded speculation and *maybe* buying some drugs with it?
jesus lol

You can pay in cash in Venezuelan Bolivars user , it´s incredibly as soon as you give the money to the other part the transaction is accepted in less than 5 seconds.

Such technology paper bills , much wow , very fast and no fees.

>bypass national retarded laws
Apart from the ancap-bullshit... did you ever try to sell more than $10k of BTC?
You better have a couple of people watching your ass, because you are in for a meeting with very shady people...

Maybe in your case , no i did not tried tough but in my city in latin america there are literally hundreds of places trading bitcoin , the same shady guys trading foreign currency outside the law as in every country with high inflation rate.

are you retarded? not everyone is anti social beta faggot like you. there is zero issue transacting bitcoin p2p you absolute faggot

Also when i meant bypass retarded laws i did not mean drugs or shit illegal.

For example countries like south africa , argentina , brasil and others don´t let you do international wires so if you sell your property you are fucked if you want to move your money.

But you can buy bitcoin in country A and sell in country B.

Assuming country B is not a shithole they will not give a shit if you show a proof of sale of another country.

But country A literally put a retarded filtrer to prevent you of taking your money to the country you are moving.

You did nothing illegal , you bypassed a retarded law and country B won´t give a fuck.

Now the thing is different if you are doing shaddy shit every day.

>10k$ btc
>shady people
Get a load of this autist lmao. I can buy or sell half a million in cash/btc without any issue.

>never exchanged a significant amount of BTC for real money
Yeah, keep larping your ancap-paradise, until you get in trouble with dangerous people or hit a honeypot.

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You are a weak bitch ass nigger who has never left his room

>dangerous people
only if you dont have street smarts like a bitch nigger
>honeypot
this can be an issue i admit but only if you from jewnited states, then you live in hell anyways should kys.

but then you find out satoshi is nick szabo, and he endorses ETH as better than bitcoin on twitter.

the level of cope from late adopters that missed out on watching a new form of money come into existence is something spacial.

while all of you crypto-boomers are wasting your lives posting on here and buttcoin, early adopters have already made more money than you can ever make, especially in crypto. why even bother?

strip out the smart contract element, and sure, the tech is better, that's what 6 years of time and a fresh start gives you. but that's it, szabo doesn't make any claims about ethereum being anything but better tech, which is exactly the point that so many late adopters get hung up on. as a money, it completely fails in comparison with bitcoin, which is understandable, because nothing comes close. for ethereum, that's not an issue, because it's not and was never trying to be money, it's an issue only for feature coins/payment coins.

>early adopters have already made more money than you can ever make, especially in crypto. why even bother?

Exactly, why even bother buying bitcoin now since the gains on it have already been made. Still you see people talking about 100k bitcoin one day, pure bagholder cope. If you didn't sell at 10-20k you dun goof'd son.

30k is totally possible in 2-5 years. thats a 10x if you catch the bottom. show me a single asset class where you can 10x your money in that timeframe.

>why not just use high leverage on BTC?

mostly of the time you get liquidated, it's an incredible game of luck to find the real bottom

>we already went through this, brainlet. not decentralized, not secure

And bitcoin that is in the hands of some chinks, blockstream, bitcoin is decentralized?
a Lot of satoshi nakamoto coins that can dump on the market

bitcoin is pretty fucking decentralized there is more than 10 major pool each one has about 100 to 1000 owners or shareholders if you like there is like 600 devs for core and more than 10000 full nodes running

people like you said the same thing at 1200, and they were right -- for a couple of years at least.

bitcoin is not in the hands of chinks, the universal rejection of bcash1 and the subsequent creation of bcash2 says it all. neither is it in the hands of blockstream, because if the community, or the markets, or the exchanges didn't believe the developers for core they were funding were doing the right thing, there would have been a real attempt at a fork.

bitcoin is by a huge, huge margin the most decentralized cryptocurrency out there. nothing comes even close.

What if IOTA could succeed? And which is the main reason why IOTA will never succeed? No trolling, or larping.. I am a brainlet genuinley searching for the truth

All I understand now it's that IOTA can't win because it relays on the growth of the network as a security measure.

(take the coordinator thing out of this, please), the question is:

Iota relays on the grownt if the network to be secured and on the data sold on its marketplace

Bitcoin relays on the ''common sense'' which has assigned to it the value of store of value and on the major numbers of nodes in the network which let it to be more decentralized

Don't you think that they are both 2 weack reasons to hope into somenthing?
2 weacks ways of securing a wealth?

Blockchain discussion only gtfo with that jungle jamal tangle bullshit

>iota
lmfao. id literally rather buy venezuelan bolivar and im not memeing

if you want to go purely by crypto as a form of money, ZEC is better than BTC... it has the exact same properties except its scalable and encryptable and auditable (which if ofc good and bad)

any explaination to that wall of text I have written, please?
I would like an help

The success of IOTA mostly depends on whether they'll be able to make the network secure without a coo. Marketplace is absolutely irrelevant. If they actually make a secure and decentralized network using Tangle, IOTA will rape everything in its path. The stuff that's being built on top of it (eg. qubic) is absolutely mind blowing.

i dont know much about iota other than it was something like 1000x up last i check from the ico price based on the bitcointalk thread i found.

the tech of DAGs is interesting, but the core problem with these payment coins, is that technology can only take them so far. look at ethereum, it took an entire new concept in ICOs to push it high above every other alt, those kind of paradigm shifts just don't keep happening especially as the space matures.

not sure about any marketplace angle, but again, the tech behind iota has little relevance outside of scaling, yet has huge downsides with all of the problems they had with the equivalent of chain-splits on their network i believe, having to lock accounts because spending from the same account leaks your private key or some bullshit.

the real reason i'm not interested in iota is because i don't believe these payment coins as a pure concept have much runway left. there was a lot of innovation that came out of bitcoin's stagnation thanks to chinese influence, and those days haven't come to an end, but something like iota needs more than a just a new technology, especially since now there are a bunch of different payment alts using DAGs or derivative tech. iota needed to break out when it had the chance, when it was still fresh, and interesting, and they failed to do so. even if their tech wasn't broken, they still needed to capitalize when they had a chance, and they couldn't, now like hundreds of alts before them, they've lost their sheen, and alts that have learnt from iotas failings have appeared for the cycle to continue again.

the only reason ethereum is where it is today is because within a few months of it launching, there were ICOs, businesses being built on top of it, and a bull market for nice effect. timing is everything.

>if you want to go purely by crypto as a form of money, ZEC is better than BTC... it has the exact same properties except its scalable and encryptable and auditable (which if ofc good and bad)

the problem is that it's not decentralized as bitcoin. Any altcoin you take it's not decentralized as bitcoin, because bitcoin has more nodes in the network, having the first move advantage

WHAT IT HAPPENS IF SOMEDAY (CASUALLY) THE (((WALHES)), THE JEW, THE CHINKS WOULD START SHILLING OTHER COINS, EXAMPLE BCH OR LITEICOIN AND MOVE ON THEM IN MASS?

YOU WOULD SEE A LTC / INSERT ANY OTHER COIN BETTER THAN BITCOIN HERE BULL RUN AND BTC HOLDER ON A ROPE

IT'S A SCENARIO THAT MAY HAPPEN, FOR NOW THE MOST DECENTRALIZED AND ''SECURE'' NETWORK IS BITCOIN, HAVING THE MOST OF THE NODES IN THE NETWORK AND THE FIRST MOVE MEME, BUT WHAT IF THE CHINKS, THE JEWS AND SO ON WILL DECIDE TO MAKE BIG SOME OTHER COIN START SHILLING TO THE PLEB?