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This board is for the discussion of topics related to business, economics, financial markets, securities, currencies (including cryptocurrencies), commodities, etc -- as well as topics relating to starting and running a business.

Discussions of government policy must be strictly limited to economic policies (fiscal and monetary). Discussions of a political nature should be posted on >>>/pol/. Global Rule 3 is also obviously in effect.

Note: /biz/ is NOT a place for ADVERTISING or SOLICITING. Do NOT use it to promote your business, ventures, or anything you may have an interest in. Anything that looks remotely like advertising or soliciting will be removed. Begging/asking (including tipping) for cyptocurrencies or asking for money/capital is also strictly forbidden. Want to advertise? Buy a banner /biz/ targeted banner ad: https://www.4chan.org/advertise?selfserve

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Begging or asking for 'free money'/crypto is strictly forbidden. Encouraging beggars, or posting any kind of 'free money' offer is also strictly forbidden.

What did they mean by this?
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>>
>>12130367
What the fuck are you talking about you fucking moron?
>>
>>12129961
Ehrenmann.
>>
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>>12130392
In der Tat.
Danke, werter unbekannt.
>>
>>12129932
I'm gonna steal all your bittys
>>
>>12130383
Meant to reply to Sam not you.

I’ve spent the last couple of hours trying to determine if Bitcoin is undervalued enough to justify buying it. I first approached this question by comparing its price and daily transaction count to what they were historically (see pic related). This type of analysis showed that BTC is still overvalued relative to where it was at the bottom of the 2014-2015 bear market and the bottom of the 2011 bear market. Additionally, I observed that the number of daily BTC transactions has been relatively flat for the last year or two, which is a sign that it is no longer on track to achieve true mass adoption.

However, while thinking about these results, it occurred to me that it may not be appropriate to simply look at the daily transaction count. Bitcoin transactions are frequently executed in batches. As a result, I believe that the USD value of the transactions is likely a better indication of the amount of value that is being transferred than the transaction count itself.

I then attempted to check if the total USD value of all BTC transactions is high enough to justify its current price (see pic in next post). Surprisingly, this type of analysis showed that BTC is just as overvalued as it was in late 2017. During the 2014 bear market, the total transaction value fell at roughly the same rate as the price but leveled off before the price bottomed out. During this bear market, the total daily transaction value fell far more quickly than the price.

Right now I’m thinking that I won’t buy BTC unless the price starts to level off below $2k. The one flaw I see in this type of analysis is that it doesn't account for off-chain transactions. However, I don't think the lightning network has been adopted widely enough to significantly impact my overall conclusion.
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>>
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>>12130295
ln is collapsing.
https://bitcoinvisuals.com/ln-channels-per-node
14 channels per node.
LN was supposed to work with 1-2 channels per node.
Why would you open a new channel? If your payment doesn't work over existing.

There are 1929 nodes in total, ie. that many people/companies can actually send anything between each other.
>>
>>12130365
Remember in 1995 thinking I would be able to stream porn while downloading movies, and jerking it to a camgirl all at the same time would one day be possible.
>>
>>12130064
BTC is overvalued above $0.
>>
>>12130365
>14 channels per node. LN was supposed to work with 1-2 channels per node.
Do you have a source on this? I was under the impression that it was supposed to be a mesh with many channels per node.

>Why would you open a new channel? If your payment doesn't work over existing.
According to https://bitcoinvisuals.com/ln-channels, only 683 of the 13509 channels are duplicate. 95% of them are unique.

>There are 1929 nodes in total, ie. that many people/companies can actually send anything between each other.
Yeah, the node count isn't growing very quickly either.
>>
>>12130432
>If all transactions using Bitcoin were conducted inside a network of micropayment channels, to enable 7 billion people to make two channels per year with unlimited transactions inside the channel, it would require 133 MB blocks (presuming 500 bytes per transaction and 52560 blocks per year).
https://lightning.network/lightning-network-paper.pdf
>According to https://bitcoinvisuals.com/ln-channels, only 683 of the 13509 channels are duplicate.
I didn't claim they were a duplicate, only that the process is as follows:
- try to send some amount to somebody
- routing failure
- oh well, lets open a channel directly to the target, that should work
repeat 14 times on average

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New VIDEO Seeergey

https://youtu.be/4kcQq2sgIl4
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>>
>>12130087
The video is from last year so the reports must be from 16' or earlier. Who issues reports on central banks?
>>
>>12127928
>Im so sorry what is an admitted policy?
HAHHAHAHAHAHHAA SERGEY BTFO HE DOESNT KNOW BASIC TERMS FUCKING PSYCHOLOGY MAJOR!!!!
oh linkies.... HHAHAHAHAHAHAHAHHAHA
>>
>>12128990
we had a hallway meeting that was filmed after some dev-cons and some guy who really wanted to talk to sergey said in a low voice in the hallway, im paraphrasing here, "yeah i work for the top corporate insurance agency in the world.." sergey says "re-insurance?" the guy says "yeah." sergey then says "Yeah, we've done a lot of work in this area."

can someone dig up the video and the part of the video where he says it? its towards the end when the conversations are winding down.
>>
I have a PhD in crypto economics and mathematics. Crypto incentives in Chainlink are a legitimate concern. I saw Ari Juels speak at a conference recently where he mentioned tokens and asked him about the token economics of a node staking system like the Chainlink network is planning to use. The problem is that node operator incentives are fuzzy at best and not even figured out fully by the team (see the gitter for Steve stuttering about this). When I brought it up to Ari Juels, I told him that in the way the network is expected to be used, the fees payable to node operators would actually decline as requests become more ubiquitous because as the network grows it becomes cheaper to use. This makes sense if you took a few advanced cryptoeconomics courses. Ari admitted that it was a great question but that they were "actively pursuing research in that area." I sold my LINK immediately after that and saw a significant dump on the binance charts. It's pretty clear these guys are pulling you along making you think they're doing something revolutionary when the incentives aren't even fully determined yet.
>>
>>12130404
He's a philosophy major actually.

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>Miss one federal student loan payment.
>Get your shit pushed in.

Land of the free

https://money.cnn.com/2016/02/16/pf/college/arrested-student-loan-marshals/index.html
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>>
>>12129142
America is literally killing its young people after forcing them to take on massive amounts of debts just to participate in society. Yet another sign of societal decay I guess.
>>
I pay them when I feel like it. I've made like 3 payments this year, the most previous one was a day before I went into delinquency. Its probably killing my credit but idc about that jew score
>>
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>>12129142
ohhhhhh yeeeaaahhhh
>>
this retard
>didnt pay for 29 years
>refused his court order
and whines about why he was arrested
>>
>>12129231
why not a 35 cent bullet instead?

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1Keoy

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its a long long way down.....i dont think an erc20 token run by a philosophy major will even survive this.....ive got a 10mill short open from 8k ....problem is I dont think I will be able to cash out....

>your age
>your yearly salary
>your total savings
No larping
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>>
>>12125721
Sorry, got distracted. Those are easy net numbers if you get into any of the big enterprise software companies. Not just FAANG but also (e.g.) Dropbox.

150k in salary, 51k in bonus (average year, but I'm new to the role so a bit below that ATM), 9k from company to 401k.

3200 in rent a month split two ways, all my student debt is gone, my next biggest expense is food. Send 6k to my mom a year to help her out.

No kids yet, though that's coming.
>>
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23
30k
8k
I'm in the blockchain news business
>feels bad man
>>
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>>12116400
> 26
> 87k
> 28k ( I lost half of it from memestocks and shitcoins
>>
>>12116400
>24
>0k Student
>Around 120k in debt
>>
>>12116400
29
80k/year
17k

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How did you feel around in mid December of last year? What were you thinking back then?

Share your memories.
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>>
>>12128257
I was making moves hopping from shitcoin to shitcoin. I went 150x. Quit my job and left the country. Put my dick in cheap whores
>>
Already suicidal because I bought LINK during the SIBOS pump and fell for the hodl meme.
>>
>>12129425
This
>>
>>12128257
What I thought:
>Better sell my crypto, not like holding bags

What I did:
>sell crypto

Easy.
>>
>>12128257
>I'm only gonna hold until btc hits $55k
>then I'll pay off my parents' mortgages and buy my own place too
>maybe my parents will get back together and love me again
>maybe they'll forgive me for my dui accident and what happened to my sister
>maybe this will make everything okay again

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what coin on binance has the lowest marketcap?

Is it skycoin? I haven't been able to find one lower.
>>
>>12130122
nevermind, I just at the low volume coins, there's a few lower.
>>
DNT, which coinbase inexplicably added is only $6.5m now
SKY at $9m is either a ticket to the moon or approaching fair value if it is a scam
>>
damn 9m cap on SKY right now!! I’m in.
>>
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>>12130122
i would berry my dick so deep in her that who ever could pull it out would be crowned king arthur

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guys I wanna become schizophrenic so i can feel like a special snowflake. how do i become schizophrenic?
>>
eat the datura inoxia
>>
>>12130285
eat a bunch of acid and then smoke as many bongs as you can when you start freaking out
>>
>>12130285
try >>>/trash/tulpa or >>>/x/tulpa

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any poor fags here? am i the only one whos a complete fucking loser here at age 26 with no job and 0 net worth? i cant be the only one right? people here 19 and have 100k jobs. reveal yourself bros, greentext your situation. this is a thread for losers.
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>>
>>12129293
i feel you anon, but youre young as hell. youve got 5 more years until the world starts considering you as "damaged goods". make the most of your time :)
>>
Always thought I'd end up a beer, but I went to trade school for refrigeration and currently have a job. I make about 1k a week and don't have to pay rent cus live with family member. Being a slave sicks though, I'd take a quarter of the money if I didn't have to kiss ass and break my body to get it.

What should I do with my cash come springtime boys? Quit job and go spend 6 months backpacking? Take a small vacation then go back to wagecucking? Double down on the wagecucking so I can afford to build my own house?

Honestly would just rather die in my sleep. I realized recently that I push everyone away so that when I inevitably give up, no one will be let down.

Anyone know where to take accelerated freefall lessons and how much it costs? The dmt isn't working anymore
>>
27
Make ~90K
Own a $500K house, parents are well off and assisted with the down payment. Legit don't know how people can save to afford for things like this.
>>
>>12130381
Condo flipped into "starter" house flipped into McMansion flipped into dream home by the time you are 40.
>>
>>12120524

I believe it

who here 100x longed the 3100 bottom
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>>
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100x in usd since january no leverage. suck shit you nigger loving bitmex cucks
>>
>>12130366
doesn't a margin position increase in fees the longer it's held open? noob here pls no bully
>>
>>12130418
no you actually make more money as long as the price keeps going your way (funding)
>>
>>12130366
Just imagine if this is actually the bottom the guy would be filthy rich even with just 100$ dollars hahahaha
>>
>>12130425
yea i just thought that you would incur fees the longer it was held open. thanks

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How many of these do you fall under /biz/?
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>>
>>12130216
>I look at spreadsheeets for most of my job
Wow impressive resume. shit thread saged
>>
Unironically only the second one.

Never fell for any mlm shit, I own my own profitable business, live comfy, and am quite good with $, except the time I didn't cash out my cryptos. Which I only put 3% of my net worth in.
>>
all
>>
>>12130216

checked
>>
Looking at spreadsheets gave you insight into neckbeards? What kind of fucking spreadsheets are you looking at?


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