The Bitcoin Network is literally dead - /biz/ (#60667143) [Archived: 227 hours ago]

Anonymous ID: Rsw6Je+1
7/21/2025, 3:09:30 PM No.60667143
48568528452725484285
48568528452725484285
md5: 84d786598d426d96c18d0a6bfbcc5e04🔍
Market cap: $2,350,000,000,000
Miner fees: $50,000,000
Replies: >>60667232 >>60667241 >>60667306 >>60668426 >>60669589 >>60670711 >>60672443 >>60672519 >>60672640 >>60672657
Anonymous ID: Owvlc+zf
7/21/2025, 3:15:54 PM No.60667173
slow
most expensive fees

i used xlm for a fraction of the costs and it took 4 seconds to transfer!
Replies: >>60667201 >>60668125
Anonymous ID: Q+OzpzPB
7/21/2025, 3:22:55 PM No.60667201
>>60667173
Its abandoned and centralized, all of these vc shitchains can do 1000s of tps now for a fraction of a penny, but its just a database on a few servers
Replies: >>60668125 >>60668256
Anonymous ID: lXhXJVMD
7/21/2025, 3:26:17 PM No.60667216
>bitcoin is great because its defi!!!
>institutional investors
>governments
>becomes centralized
> over 50% node control by top 7

sorry kid nothing personal.

chapta 2wkek
Anonymous ID: KQSBPPUv
7/21/2025, 3:29:43 PM No.60667232
>>60667143 (OP)
there is a block reward every 5min worth $53,216,998.47
Anonymous ID: Wc9R6bYf
7/21/2025, 3:33:38 PM No.60667241
>>60667143 (OP)
Ok, but you can hold it. Can you hold other coins? No? Thought so!
Replies: >>60667578
Anonymous ID: 25K5tl2I
7/21/2025, 3:47:43 PM No.60667306
>>60667143 (OP)
What's ripple mining reward?
Anonymous ID: pb7yl0i+
7/21/2025, 4:28:04 PM No.60667546
>this format of thread still exists after all these years.
Anonymous ID: Y+DqpLhb
7/21/2025, 4:33:32 PM No.60667578
>>60667241
*could
Anonymous ID: 3cvKGauN
7/21/2025, 6:03:03 PM No.60668125
>>60667173
>>60667201
>shilling XRP and pretending so hard not to but not really
Many such cases.
Replies: >>60668170
Anonymous ID: Yd+zN1bY
7/21/2025, 6:09:48 PM No.60668170
>>60668125
are you retarded or so
can show you the tx
>inb4 reading comprehension
Replies: >>60668225
Anonymous ID: 3cvKGauN
7/21/2025, 6:17:48 PM No.60668225
>>60668170
I think there are actually people that think that shitcoins or random "blockchains" are capable of making business deals.
Replies: >>60668249
Anonymous ID: Yd+zN1bY
7/21/2025, 6:21:17 PM No.60668249
>>60668225
ok boomer
Replies: >>60668386
Anonymous ID: iTU39w1H
7/21/2025, 6:22:47 PM No.60668256
>>60667201
newfag not understanding security, scalability, and the role of nodes
Anonymous ID: 3cvKGauN
7/21/2025, 6:42:19 PM No.60668386
>>60668249
See what I mean.
Proof that zoomers really think that things "just happen" and everyone is lucky but it's just not working out for me.
Anonymous ID: Y0NPU3dR
7/21/2025, 6:48:09 PM No.60668426
>>60667143 (OP)
Mining is for 3rd worlders who steal electricity from each other to do.
Replies: >>60669589 >>60672611
Anonymous ID: Eoxlc/Cg
7/21/2025, 9:58:51 PM No.60669589
1743461890322314
1743461890322314
md5: 39101c7ac9ccda5d6abc3cae0d9b0bf2🔍
>>60667143 (OP)
Feels bizarre as a critical thinking young adult with 25 years of existence and experience in this planet to know that Bitcoin, the slowest and most expensive virtual ledger in the planet, is paradoxically the most important and most sought after digital asset, too. I say this because we all know that anything is better than Bitcoin at being Bitcoin. Litecoin, Monero, Doge, Angels, fucking Pepe are better at doing BTC things than BTC itself, tiny fees for transactions and all. There will never be anything like blockchain shit ever again, bros. Enjoy it while it all lasts.
>>60668426
Lmao.
Replies: >>60672504 >>60672611 >>60672627
Anonymous ID: K/ueGUtE
7/22/2025, 1:45:35 AM No.60670701
Research Ergo
Anonymous ID: 4btM64fF
7/22/2025, 1:49:34 AM No.60670711
>>60667143 (OP)
Look at the Mara stonk chart, as an example. This too, can give you an idea that we are far from the cycle top yet. Miners and their partners in all sorts of places and exchanges will and can not survive with results like that.
Anonymous ID: IOz/Punp
7/22/2025, 12:22:20 PM No.60672443
1685385020472
1685385020472
md5: 26c736f43c6c55708a772ccc5bb7dd58🔍
>>60667143 (OP)
it's not quite dead yet, besides we are still better off than before, at least now I can try my luck with things like moomoo instead of eating rice for a whole month like in 2023
Anonymous ID: KMm4ABfl
7/22/2025, 12:42:24 PM No.60672504
>>60669589
No one cares about gay tech that can save you $1 per transaction. Shitcoins to zero, BTC dominance to 100.
Anonymous ID: AE25aHvU
7/22/2025, 12:45:54 PM No.60672519
>>60667143 (OP)
>Miner fees: $50,000,000
Is that with the subsidies included, or purely the user fees?
Replies: >>60672551
Anonymous ID: KMm4ABfl
7/22/2025, 12:53:42 PM No.60672551
>>60672519
Last block was 0.01643705 BTC in transaction fees. The one before that was 0.014782 BTC.
Replies: >>60672581
Anonymous ID: AE25aHvU
7/22/2025, 1:02:35 PM No.60672581
>>60672551
so pure user fees, without the subsidies?
Replies: >>60672587 >>60672605
Anonymous ID: KMm4ABfl
7/22/2025, 1:04:26 PM No.60672587
>>60672581
Right. Those are the user fees. Add 3.125 for the full reward.

If you want to see yourself, just look at the first transaction of any new block. It includes the full block reward. Subtract the subsidy to derive the transaction fees.
Anonymous ID: B/XTIkOr
7/22/2025, 1:08:35 PM No.60672605
>>60672581
$50,000,000 comes from [block reward * blocks per day * BTC price]
3.125 BTC * 144 * 119,000 USD/BTC = 53,550,000 USD
Transaction fees are around 1% of that.
Anonymous ID: NV42FrX9
7/22/2025, 1:11:29 PM No.60672611
>>60669589
nobody cares about your faggy gay shitcoin. if it had some new "tech" to offer, bitcoin would've adopted it by now. but bitcoin wont because your coin offers nothing useful.

>>60668426
this. mining is literally not profitable for first worlders or anyone who pays for electricity. if you're not getting it for free, you WILL lose money vs. buying and holding bitcoin.
Anonymous ID: NV42FrX9
7/22/2025, 1:15:49 PM No.60672627
>>60669589
Also, it's really obvious altcoin creators don't care about fees and speed, because if they did, they'd make or shill an L2 for bitcoin. They only care about pumping their premined bitcoin ripoff and enriching themselves.
Replies: >>60672659 >>60672669 >>60672673
Anonymous ID: jH9RHm7Z
7/22/2025, 1:19:29 PM No.60672640
>>60667143 (OP)
if you don't look at the cumulated yearly fees, the figure is meaningless
Anonymous ID: jH9RHm7Z
7/22/2025, 1:23:36 PM No.60672657
>>60667143 (OP)
kek actually bitcoin rewards is approx 180m$ annually, so the market cap is still 12 500 times bigger. I have nothing to compare this to, but how is that sustainable?
Replies: >>60672690
Anonymous ID: jH9RHm7Z
7/22/2025, 1:24:50 PM No.60672659
>>60672627
>if they did, they'd make or shill an L2 for bitcoin
> muh I don't understand tech, what I'm saying, what's a L2, what's BTC for
why do you even express yourself, your opinion is meaningless
Anonymous ID: CvLoLFVR
7/22/2025, 1:27:43 PM No.60672669
>>60672627
Buddy, fren, you are literally inventing shit up.
Bitcoin can't have normal functioning L2s without expanding its opcodes to make it more like a smart contract chain. Vitalik tried to push for this, but got blocked, so he created Ethereum.
Anonymous ID: B/XTIkOr
7/22/2025, 1:28:57 PM No.60672673
>>60672627
>they'd make or shill an L2 for bitcoin
Making an L2 for Bitcoin is very hard because Bitcoin lacks basic programmability. Lighting is the only big one and it's literally decade old tech. In 2017 one of the Lightning creators (Joseph Poon) went to Ethereum to develop Plasma, which eventually developed into optimistic rollups. Making a rollup on Bitcoin is impossible because there's no way to verify proofs on chain. Bitcoin is too technically limited, and any kind of change to allow this would have to be a hard fork, which will never have majority agreement.
Anonymous ID: nFf8IWjS
7/22/2025, 1:30:15 PM No.60672677
kek the cope itt
Replies: >>60672681
Anonymous ID: jH9RHm7Z
7/22/2025, 1:32:06 PM No.60672681
>>60672677
yes I hope we're all larping and there's no one truly believing that BTC isn't the most secure network ever with 600 EH/s lmao
Replies: >>60672724
Anonymous ID: B/XTIkOr
7/22/2025, 1:33:45 PM No.60672690
>>60672657
At 119k price it's $54m per day. Where are you getting that annual $180m from?
Replies: >>60672708
Anonymous ID: jH9RHm7Z
7/22/2025, 1:38:56 PM No.60672708
>>60672690
my bad I was talking about just transaction fees.
with $54m a day btc is so rock solid lmao, let it go guys
Replies: >>60672711
Anonymous ID: B/XTIkOr
7/22/2025, 1:39:39 PM No.60672711
>>60672708
It's rock solid for now. Let's see after 5 halvings...
Anonymous ID: nFf8IWjS
7/22/2025, 1:44:48 PM No.60672724
>>60672681
600 EH/s is literally nothing MARA alone has 57 EH/s
Replies: >>60672732
Anonymous ID: jH9RHm7Z
7/22/2025, 1:46:06 PM No.60672732
>>60672724
shut the fuck up you have no idea what you're talking about. I'm not even remotely interesting in explaining you why you can't compare and how to measure security, just go eat my balls
Replies: >>60672739
Anonymous ID: nFf8IWjS
7/22/2025, 1:47:56 PM No.60672739
>>60672732
kek seethe more
Replies: >>60672747
Anonymous ID: jH9RHm7Z
7/22/2025, 1:49:53 PM No.60672747
>>60672739
you're just so retarded to think that a major infra like mara existing, making 57 EH/s, somehow makes Bitcoin insecure. the cost of attacking BTC is >20 billion USD per day
Replies: >>60672759
Anonymous ID: nFf8IWjS
7/22/2025, 1:52:10 PM No.60672759
>>60672747
you mad kek
Replies: >>60672777
Anonymous ID: nFf8IWjS
7/22/2025, 1:53:41 PM No.60672768
oh no please not the 20 billion USD we print per day out of thin air kek
Anonymous ID: jH9RHm7Z
7/22/2025, 1:54:49 PM No.60672777
>>60672759
kek xD lol
Replies: >>60672779
Anonymous ID: nFf8IWjS
7/22/2025, 1:56:29 PM No.60672779
>>60672777
digits confirm kek
Anonymous ID: TEL+VILh
7/22/2025, 2:19:00 PM No.60672856
Rogue miners are going to fuck shit up as we head into the halving. Bitcoin will simply go sideways until then. PERHAPS it has a bit more upside to $150k, but thats not even that much and it definitely wont satisfy the greedy jews with giga mining farms.