Bitcoin Forum

BITCOIN IS DEAD!

Explanation

There is an energy and raw materials crisis all over the world (in connection with situation in UA). People in Europe are switching to coal. Ethereum swithing to a less energy-intensive model PoS

BTC is doomed to extinction if it doesn't switch to PoS. But if BTC will be switch to PoS - then it will cease to be BTC
https://i.ibb.co/bK1k1CS/dead2.png

That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)

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Bitcoin and Its Failing Technology

...On analyzing the history of Bitcoin, one can see a shift from currency to an asset exhibiting store-of-value properties. This transition has probably left the technology of Bitcoin to play catch-up. In a world as fast-paced as ours, Bitcoin's technology is running behind by at least five years.
Energy efficiency and scalability are two of the most severe issues Bitcoin faces. If not addressed, these issues could very well dethrone Bitcoin.
POW or Proof of Work is the core technology behind Bitcoin, and without delving deep into the technology, one can ascertain the fact that POW is not in the best interest of today's world. Recent studies show that energy consumption from Bitcoin mining around the world could equal the energy consumption of a whole country.
Moreover, if Bitcoin is to fulfill its true goal and be the currency of the people, as it was supposed to, it has to be more scalable. And scalability is one of the reasons that has hindered the mainstream adoption of Bitcoin...

https://toughnickel.com/personal-finance/5-Coins-that-can-be-Bitcoin-Killers

Even if mining hashrate is cut in half or 1/4th, Bitcoin would still be running fine.

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With that said, since we're posting charts, I wonder how BSV is doing against BTC..

https://i.imgur.com/8XNGnWf.png

https://www.tradingview.com/chart/TpE1GrGY/?symbol=BITSTAMP%3ABTCUSD

But we have low fees and less energy is needed for mining. BSV will survive, but BTC will not

We are green

Hey, what about microtransactions on BTC?

The fees is cheaper because not many people are using BSV, if you compare your coins with new coins, obviously the new coins will have lower fees than yours and this discussion will never end.
Same like talking about less energy, a coin with POS network will have less energy than BSV since it's centralized.

That's what Lightning Network gonna help when Bitcoin fees already expensive like 2017 back.

Rest in peace BTC

https://miro.medium.com/max/700/0*u3zmhB_FPh0pfwVK.jpeg
https://medium.com/coinmonks/bitcoin-is-dead-again-968de818e1dd

Your title says it all. Fake page counting fits perfect to fake Satoshi with his fake shitcoin. No matter how hard you try to shill, noone will fall for it. Bye lolly boy!

Tell that to Craig Wright after he goes to jail for Australian tax fraud.  8)

Change the chart to show a year after each bull run from 2013, and you would have the same result, a downward curve:

Here is the chart months after the bull run of late 2013/early 2014 and after the 2017 bull run
https://i.imgur.com/hmdDVuV.png  https://i.imgur.com/AiFOhWC.png

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The consistency is both is the downward curve and also the media screaming 'bitcoin is dead'. Bitcoin was not dead and each time the price recovered and reached even higher ATHs.
You are only recycling an old narrative which has shown to have no substance and linking that to energy crisis with no actual connection.

Bitcoin is becoming more secure and decentralized cause of the PoW algorithm.

You are centralized.

- Jay -

As my master said, "Bitcoin will be die slowly and painfully". CSW is a seer

I have no see a future of that dinosaur called BTC. It's time for BTC to go to the museum. Everyone sees how BTC becomes heavy and clumsy.

He was probably referring to his own fraudulent version of Bitcoin by accident.

It seems that your claim and your explanation don't add up together. You're saying that Bitcoin is dead because of the energy crisis all over the world, and since Bitcoin's PoW is an energy-intensive model, it is bound to die or is already facing its demise. However, if we look at Bitcoin's difficulty chart, it is far from falling down, meaning people remain very much interested in mining despite your so-called energy crisis.

So how are we going to interpret this? It would either be that Bitcoin has grown green just like what you claim with your BSV and therefore it doesn't care about the energy crisis, or that despite the ongoing energy crisis the interest to support Bitcoin remains very strong, and that despite the price falling to $20,000 it is still worth mining Bitcoin. So it's far from going dead, then.

Assets and returns over last 10years

https://i.imgur.com/ukor9eI.png
 source  (https://twitter.com/DocumentingBTC/status/1563124398525034498?t=KPVodJ9yB2dEa0Wt5320mw&s=19)

Take a look at the statistics from the return earned by other forms of asset compared to bitcoin maybe that can be convincing enough for you to understand that bitcoin is not a joke nor a mediocre as you sound to be, bitcoin is just a digital currency in case you're forgetting and has come to stay, volatility is part of it rudiments, so why the worries.

But if you're still not convinced yet, I'd rather go down to locate that guy selling shaved ice accepting bitcoin right within his locale.

selling shaved ice for bitcoin
https://i.imgur.com/UkgCMzf.jpg
source (https://twitter.com/BitcoinMagazine/status/1563927759952515073?t=HVey7K1NvaEDBWF-aEhmYw&s=19)

I've fixed the title for OP.
I have nothing to add. We have a known troll who should be on everybody's ignore list (ideally even for the brand new accounts too).

I don't know what you're pulling off and saying that kind of thing on Bitcoin. Because if I look at the chart you showed in the topic you made it is very far from what you say Bitcoin is dead. And then for me, your reason is superficial, the energy crisis is very irrelevant to the fall of bitcoin, to be honest.

Or maybe you're just saying this so you can spread FUD against Bitcoin so that just in case its value drops, even more, you'll take advantage of the opportunity to buy bitcoin. And I don't think that style will work on this forum anymore.

Anyway, it's your opinion and I respect that. Although the ones you mentioned are not good for bitcoin it's a shame.

Bitcoin is dead in 2022. Open your eyes man, the whole world is on the fringe of war. Soon people will have nothing to eat.

What are talking about? At winter of 2022 people will think how not to freeze, not about mining

Sometimes I smile when I read this topic. You are too pessimistic about other people's products, and too optimistic about your own product.
If the energy crisis can't mine Bitcoins, and Bitcoins die, then what's the current 19 million Bitcoins in circulation for? Is the price of Bitcoin $20k today because it can still be mined?
It should be the way you think, if Bitcoin can't be mined because of the energy crisis, Bitcoin will be increasingly difficult to obtain, then most likely the price of Bitcoin will be higher. Is it logical?

even small children know that, there are only a few BSV users so not much money is transacted on the BSV network so the fees are very cheap and there are not many transactions that accumulate too, even for mining the level of difficulty is still relatively small compared to bitcoin so that transactions are still visible fast because there are no active users who make transactions there, the same as ethereum lately, there are no users who make transactions so that the cost of gwei gas has decreased dramatically than usual

Are you blind? Look at that BTC charts. Bitcoin is depreciating and at the same time Bitcoin is difficult to obtain
https://i.ibb.co/bK1k1CS/dead2.png

Few transactions? Few users? Are you blind?
https://blockchair.com/bitcoin-sv

Transactions =1,326,118,880
Addresses = 47,098,118

BTC won't survive in 2022

Why use bitcoin when there are more promising cryptocurrencies? XRP, Monero or BSV for example

XRP is very fast, Monero is true anonymous,  BSV is very cheapest, green, energy efficient & profitable

I definitely understand the fact that there is an energy crisis and at the same time people do need to switch to greener alternatives but let's take an example, in Countries like India, there are cars fitted with cng and in a country like uk no one even cares about it much, most of the cars I have seen is diesel+ petrol, therefore after CNG did petrol and diesel cease to exist? No, even if CNG is Greener it still does come with some benefits and demerits, just like in cryptocurrencies, some people are switching to greener mining alternatives it's definately a big plus, it won't just cease to exist for sure but it can ' change '.
Lemme quote something:
Let's wait and ofcourse try and own all the green ones while also making sure we don't unnecessarily dump bitcoins since bitcoins is more or so ' synergistically allocated' with Altcoins.

Have you eaten before commenting on Bitcoin. Look at the Bitcoin chart in 2017. Didn't Bitcoin go from $1k to $19k, then drop to $3k. Isn't that almost the same as what happened today? Why don't you say Bitcoin is dead by then, because it has dropped its price from $19k to $3k. Where were you then?
https://i.ibb.co/FVcX0jT/bitcoin1.pnghttps://i.ibb.co/7npHhS8/bitcoin.png

Have you eaten before criticising?

The topic was supplemented with an article proving that bitcoin is hopelessly outdated

Whatever the reasons you state and the case studies you present at this point, I still assume that Bitcoin is still alive and will not die even if it doesn't move PoS.
The downward graph seen in Bitcoin is normal in my opinion and not that it is a reason to say Bitcoin is going to die. Because Bitcoin can still increase again if there are more people who make purchases simultaneously without selling more. That's why I never pay attention to anything that other people say about Bitcoin's badness, because I still don't think Bitcoin is going to die.

This is what happens every time Bitcoin SV (u=2371095) creates a bitcoin is dead thread:

https://i.imgur.com/KuBdeWt.jpg

Bitcoin is a petrified mammoth shit

When the world was different. Now the world is on the verge of great changes.

That's exactly believers like you what this Ponzi scheme called BTC is designed for.

That's like saying the wheel is hopelessly outdated.  The fact is, it's good at what it does.  And that so-called "article" is trash, written by a someone who is either a halfwit or a shill.  Most likely the latter, attempting to promote some of the cheap coins they've already invested in, so that gullible idiots will buy them and pump the price up.    

I don't need to read the article, everyone can have any opinion in the articles they publish. I can also write articles. The question for you, if someone writes an article for or against, will you consume the article raw without analyzing the purpose of the article they publish?
Did you know that everyone today will use the media to influence something?
Do you know who controls the media he will be the winner, even though what is said is far from the truth?
We are grateful to have a forum like this as a place for discussion so that it gives birth to an idea about the truth. The media is just a place to get information without us being able to refute what they say, except the mind that we can use to clarify the level of truth.

He has a goal to promote Bitcoin SV. It's fine with me if he's promoting his own, but don't badmouth, take down, or say something useless for other people's products.

At first, I wanted to go into head to head comparison between BTC and BSV, but I discovered that it doesn't worth it. I want you to be honest here, to the best of your understanding, if BTC dies today, do you think other cryptocurrencies will survive? Or if BTC is dead, you think BSV will replace it?
We should understand that bitcoin is the king and in the game of chase, if the king is dead, the game has ended.

So, if by your imagination BTC dies, also consider in your imagination that the crypto market is dead.
BTC might have it's own disadvantages and also all coins, but in terms of absolute security, BTC will always the choice of many.

Dude, PoW is very good only if coin has a small amount of users. With an increase in the number of participants - the load increases - and the network slows down

That's why BSV will be live and BTC is dead

Please how much are you been paid to speak shit about Bitcoin? Because to be frankly speaking, BSV is just a photocopy of Bitcoin, of which if Bitcoin dies today BSV and other coins follow suit, which I'm sure you and your boss "Craig Wright" knows this vividly well. I thought your super coin "BSV" would have been immune against this current bear market, but only to be surprised it was still affected of falling from $203 to $53 per BSV just within 1year, making it a total of 300% lost in investment. So how then is BSV better than Bitcoin except in terms of scalability?
https://i.ibb.co/8Xyn3Jx/Screenshot-20220902-210621.png (https://ibb.co/25z02wM)

People always have an overthinking when it comes to power and that's the reason it is always connected to bitcoin and describe it as dead. Energy crisis is all around the world and the same have made its impact over each and everything. Cryptomarket isn't an exception. For this reason one can't end bitcoin as dead. Even if the mining that is being distributed around the world gets stopped, we can see the transactions happening which won't let it towards death.

It won't be like this. Energy crisis will lead to the emergence of new green energy-efficient cryptocurrencies

The era of bitcoin is coming to an end. Protecting nature & green protocols - will be the new mainstream.

Bitcoin is stuck in the past and does not develop in any way.

Bitcoin will be RIP.
https://pbs.twimg.com/media/E1ikVt3VEAMd7E2.jpg

A fork coin will be dead first if you speak the same about the coin your coin has been derived out.So is this so that you need to publish something irrelevant and btc is dead like things to give a little boost to your coin? But sorry this is not happening and you are green but how much returns the holders have over these years? These games are not going to work and btc will always rise even after falling so much.

Don't be so panic, the energy crisis is not over the whole world... There still are countries that can mine BTC

Bitcoin has been declared “dead” many times or at least twice a year since 2010. and whatever the reason even if it makes sense, just ignore it.

and each time bitcoin rises from the dead with 5x (or more) recovery.

Be patient, HODL. Stay calm… ;D

https://www.trality.com/blog/content/images/2022/03/20220214-145359_1.png

Bitcoin won't survive this time. PoW + energy crisis 2022 = BTC Crash

If a headstone was handed out to Bitcoin every time this has been said, a huge cemetery of epic proportions could be filled by Bitcoin alone with room for nothing else.  Funny because Bitcoin is very much alive

Many people like you don't like Bitcoin and spread FUD about Bitcoin from the past until now that bitcoin will die, but the reality is not proven and it looks like Bitcoin still exists, because all of that is a lie.

I laugh at you, cryptos like XRP, Monero or BSV do they still survive without Bitcoin. I think all crypto will never live without Bitcoin, because Bitcoin is the heart of all crypto.

With all my understanding, I had one simple thought: if BTC didn't exist, all the rest of the market would be miserable too, and BSV would be the end. inevitable. Don't compare the problems of your own advantage with the problems that BTC has not fully solved; compare them to the struggles of a living fish in a tank of water. 
And, to be honest, I've only recently reviewed BSV, and I'm wondering if you guys only grow as BTC growth increases, so you're just a little bit different in mindset from the rest, so just keep mining your personal thoughts and wait for the next BTC growth cycle; you'll also be known more:) 

No Bitcoin is not dead yet because you can look back, and you can see that Bitcoin crashed many times but after some time it recovered, and then it made a comeback very well.

Well Like every other Bitcoins DEATH that has been put out there before now, I guess you just have to wait for this to pass as well so that people like you understand that Bitcoin is going nowhere and I really don't see the reason for too much debate on this because no one is being forced to invest in Bitcoin if you enjoy BSV then stay with that. 

Will this be like an annual thing to happen? If it is, then Happy Anniversary to "Bitcoin is Dead."
Because I am getting used to it and it makes me numb every time I read or hear it. There's just not much excitement anymore unlike before. I prefer something new and effective.

Thank you.
You are helping boost the market of Bitcoin again. This is how it started then grew but I doubt this is how it will end.

I've heard this saying countless times since I got to know bitcoin, bitcoin always dies every time it drops and the bitcoin bubble will soon burst when it makes a new ATH...Keep spreading it, your efforts will be appreciated because people will realize that bitcoin will always stand even if thousands of bitcoin sayings are dead.

Before asking this question, you should find out why people choose bitcoin over other altcoins. If all of them are as good as you say then why people don't choose them but choose bitcoin, companies, organizations even countries they choose bitcoin over altcoins.

If you’re saying this because of how low it currently is then I don’t know.
It is a constant cycle of bull and bear market.

maybe this is not the first time reading or seeing Bitcoin dying and a few years ago I read this,
but until now Bitcoin is still there and not dead, is it because Bitcoin goes down they say Bitcoin will die, what if Bitcoin goes up again it will be called Bitcoin rose from the grave

Why everybody loves bitcoin? This is not fair

Sorry but this shit cannot worth even 19000$. BTC is overvalued

So your beef with btc is that everyone loves it? Shouldn't that tell you something! You should probably go do some research on why btc love btc than trying to gain attention with the btc dead topic crap, you already know your little charade won't get any support here in bitcointalk forum.

People love Bitcoin with their own heart, because they have seen the reality of Bitcoin and what Bitcoin will do in the future to humanity and to the societies. If Bitcoin can prove people wrong during the pandemic that collapsed many countries economy and made many organization to reduced production over some years in the land that was  causing Bitcoin massive pumping for those that invested on Bitcoin to have something good to earn at the moment. Even though, the price of Bitcoin decrease to $10k in the market, nobody will see Bitcoin as a dead coin than to use the opportunity to buy more of Bitcoins and hold for the price to increase higher before they can see to smile in the market. I love Bitcoin and I will continue to love Bitcoin, because I have seen many reasons why I should stand by Bitcoin either dumping or pumping in the community.

Now we get to the heart of the matter.  Deep, ingrained resentment that not only do people recognise the value of BTC, they also recognise BSV for the worthless excrement it is.  And what's more, this sad and pathetic troll is powerless to change it, despite their best efforts to shill their scamcoin and spread FUD and misrepresentations about Bitcoin.  People still choose Bitcoin.

Classic.

Bitcoin never wants to be at $19k, it's people who make Bitcoin worth $19k...

if you are jealous of bitcoin and say the love of bitcoin is not fair then sue everyone who loves bitcoin :P

If they have a problem with bitcoin, everything that they see, hear or think will always be connected to it. Why will they say that btc is dead? Only because of the rising energy price? But miners can always use an alternative energy. We have solar, wind, heat, hydro and others. Many miners are in fact using this already to save up fees and produce more profit.

As long as there are still people who believe's and supports it, bitcoin won't come to an end and if all bitcoin mining had stopped, people can still make a transaction e.g send a btc to an address but I don't think the receiver will get it. The sent btc will only get stuck in the chain.

The energy crisis is only temporary and cannot last forever, the energy crisis is happening on a global scale, but the hardest hit place is the EU countries, not all other countries. Countries that use hydroelectricity and solar power have almost no effect on them. Therefore, the claim that bitcoin will die due to lack of energy is completely untrue.

As long as there is demand for bitcoin, miners will find a way to keep mining, just like China banned bitcoin, bitcoin miners will move to places where bitcoin is not banned. Similarly, if the energy crisis continues and affects mining operations, miners may switch to other energy uses.

I think op is mistaken somewhere because if eventually Bitcoin keeps falling, the same thing will happen to the entire crypto market so we should not be surprised now because Bitcoin is the origin of the crypto market which is the reason why we can't skip Bitcoin at all and jump on other Cryptocurrencies.
Things may look tough now making it difficult to hold just like in 2017/2018 which looks like the entire crypto market will crumble but things are still going steady bit by bit.

So it's now energy consumption to equal bitcoins ability to scale through the games huh... and with that, its got no ability to evolve and survivie without switching to PoS. That's sad for you at OP is you actually believe that. Bitcoin have been around for a decade and through that, it have evolved to suit prevailing circumstances.
I just don't don't it when all about bitcoin is pinned on energy and what it is doing yo the ecosystem. I think there is more to this than that and it's just exaggerated on all fronts to make sure the currency doesn't get a wider coverage and acceptance. Unfortunately, that's not happening.
Bitcoin enthusiasts knows better now.

Energy crisis is all around, and the only solution is to come out. For now different grown economies of the world have understood about the need of renewable energy and are making plans for infrastructure development. Maybe this can cost high, but it gives long term benefits. Same as this it is time to move towards renewable energy for mining needs. This will keep the environmental enthusiasts away from indicating bitcoin as the reason for all the environmental hazards happening around.

Even Bitcoin cannot be mined anymore, I don't think it is the end of BTC. On the other hand, the value of BTC will be more expensive because there is no longer any additional circulating supply. Anyway, to claim Bitcoin to be dead, you need more proof or valid reasons. You can't assume it based on the current chart pattern and the current crisis in world energy. The big decline in Bitcoin price lately is not caused by the crisis of energy, but it is something normal happening during the bearish season. Don't mislead us!!

man I don't know how you manage to have the courage to say these things, look at the price of the coin you say is a dinosaur, which is already dead:

BTC =19700$ and also see the bitcoin marketcap

now look at the price of the altcoin you promote:

BSV = 52$ and see the altcoin marketicap you promote

Now ask yourself: if your altcoin has better technology, it's not a dinosaur so why the hell is its price so low and marketcap low and the bitcoin you consider dinosaur is priced much higher than the altcoin you promote?

This is why people are making fun of people involve in cryptocurrency.

Bearish season is main reason? Hellooooo McFLy, anybody home? Bearish season is caused by the energy crisis

ETHEREUM swithing to the POS due to energy crisis. BTC will be next

Because BTC is f*cking monopolist.

BTC - is an absolutely unfair cryptocurrency. Manupulative coin which is managed by several big whales

If I may ask you this if you believe the Bearish season was caused by the Energy crisis as you claimed, what caused all the previous bearish seasons? same Energy crisis?


Since I have been coming back to your post I can't help to notice that, this person is just a crybaby. So you would prefer if BSV was more costly than Bitcoin, if BSV was worth it, don't you think they would be whales Investing in it too to manipulate the market as you claim?
Yeah right, Unfair, like anything is ever fair in this world.

Where do these toddlers come from? Previous bearish season is caused by chinese bitcoin ban

You take it wrong. I was complaining about how expensive bitcoin is, not about why our coin is not worth the same

Our advantage is cheap transactions. Why do we need expensive transactions?

Because your disadvantage is that I can simply collect hundreds of terabytes of disk space, run more than half of all the BSV nodes, and censor any transaction I want by making a longer chain.

When the price of bitcoin matches the price, it's legal, paying for gas costs is so cheap, but if the price of bitcoin drops then gas costs must be cheaper, don't make it expensive like ETH gas costs, the last few years have been very disappointing with ETH gas costs which does not live up to everyone's expectations..

So - Bitcoin is dead. I am not agree with you

Then we will release a technical update - and all will be OK

Our currency does not need so much energy. We have a large blocks. We will survive if BTC will die

There is no point wasting time talking with Craig wright wannabe because all he wants is some relevance to shitcoin bitcoin sv that has been forgotten a long time ago.
Bitcoin sv belongs to the trash and will remain there. If bitcoin is so dead you won't be here arguing about it, how many people are talking about bsv? non because it is really dead.

Wow, I was wrong, not everyone loves bitcoin. Now I see how bitcoin is destroying societies

https://cryptopotato.com/wp-content/uploads/2021/08/El-Salvador-Protesto-Bitcoin.jpg

https://cryptopotato.com/massive-anti-bitcoin-protests-fill-streets-el-salvador

In direct response to your BSV Altcoin lies, I have published

Some say Bitcoin is dead but Bitcoin is not dead (https://bitcointalk.org/index.php?topic=5412338.0)

You should really educate yourself by reading my publication.


But make no mistake: BSV is a stupid and useless Altcoin!

If there’s no energy for BTC, there won’t be energy for anything, in which case you won’t need to worry about BTC or ETH.

But there is no lack of energy. There is lack of intelligence and abundance of malice: the one the US is using to strangle the EU, governed by servants of the US empire of injustice, who are playing the same cards of the French Bourbons (they lost the head in the game) against UK during the independence of the US. US promoted, first, a coup the tat in 2014 in Ukraine to incite this Russian invasion, plus US never respected the deal not to increase NATO with former Warsaw Pact countries, right after the fall of the Berlin Wall. Second, US is promoting the most insidious campaign against Russians, only comparable to the campaign against Jews started in the Czarist Russia that, later, moved on to Central Europe to finish in the Holocaust. In this case, Russia has the means to defend themselves (it was not the case of the Jews), and the US, which could not win a war against a country of plain sheep herders (Afghanistan), will not win this war either.

Once this is clear and massive protests erupt in Europe, their governments will tumble down or Europe will finish in a total war. I really think this is the real purpose of the US, which went from total bankruptcy in the late XIX century to accumulate 75 % of world total capital (it was gold then) at the end of WWII. I don’t think it was done on purpose back then, but I think it is now. US want to repeat this massive theft. In any case and for the rest of the world (“F the EU” as Victoria Nuland said, and more if they are a bunch of idiots), energy trade will resume to normal. So there will be planty of electricity for BTC mining. 

Respecting to BTC, its value resides precisely in the fact that it is a POW technology, and that it has a limit of emission, which ETH lacks (another fiat currency as any other one based in the multiplication of units). It is a proven mathematical and economic theorem that any money based on the unlimited multiplication of its units, its value tends to cero over the time (the pathetic case of ETH). On the contrary, any money based on the subdivision of units which total amount cannot be multiplied (the case of BTC), its value tends to increase with only one limit: wealth over the crust of the Earth.

It does not matter any other ETH utility might have. Many things have crucial utility (water, oxygen, etc.), and its abundance invalidates those material substances to be used as money. The ETH defenders lack the understanding of what money is, which is something you do not learn programming computers. They need to study economics profoundly. This is the main difference between BTC and ETH creators. Whoever Satoshi Nakamoto were, they knew about cryptography, programming, computing, and economics. These ETH guys do not understand economics. Even Isaac Newton, in the 1700 knew then more than these guys know now.

Maybe they should start with this interview to economist Saifedean Ammous to understand the real value of BTC as money: https://podverse.fm/es/episode/m3jJcVzOl.

We’ll see sometime in the future who is right and who is wrong.

Good luck, everyone.

I don't exactly understand why people are overhyped about energy and raw materials crisis. It was obvious that our hyper financialized world was too "virtual" and its turning into more realistic one (real estate, land, energy -oil & gas- are the most important assets now) But its not gonna completely kill finances. Finances will adapt. Bitcoin will as well. Bitcoin will also find better options. Becoming POS is not as bad idea as people assume.

Hey, BTC prices are correlated with USA stock market. If there is a crisis in the oil and gas sector, then bitcoin is also fucked

LOL. If you kick off people's nodes or alter the chaintip then it will cease being a decentralized currency - you'll just be semi-centralized like Ethereum.

Sure, they said that about the internet (https://www.newstatesman.com/science-tech/2016/08/25-years-here-are-worst-ever-predictions-about-internet), smartphones (https://www.fastcompany.com/3067030/the-iphone-turns-10-heres-what-skeptics-first-thought-about-it), and even media such as Star Wars and Spiderman. BTC is no different.

You can bet your sats that if those guys are still alive when Bitcoin adoption becomes blockbuster they will walk back their words.

The USD, the EUR and all the rest of fiat money are already since long ago digital currencies and POS. Where is the innovation? POW is the innovation. This is like inventing the print in the Middle Ages and having people saying we should go back to scribe monks. There is no innovation in POS.

I still don't understand what you mean here. Why is bitcoin affected if there is an oil crisis? I agree that bitcoin and cryptocurrencies are part of the financial market, so it will have a certain correlation with the stock market. But what does the oil and gas crisis have to do with here are you talking about the oil and gas crisis that will cause a global economic crisis? If that's the case then no wonder. Once the economic crisis hits, everything will be affected.

The support for his “argument” is the picture of a “genius” (Elon Musk)! Yes, the “genius” that bought BTC throughout his company, Tesla Motors, in 2021 to sell it one year later with a 45 % loss. Yes, what a genius! It is really funny to hear and read there won’t be electricity to mine BTC but, yes, it will be there to run a Tesla prototype (is not yet a car and with that technology, it will never be).

no, it looks like Bitcoin will not die if it does die I don't believe in this, but I admit that now Bitcoin is indeed in a bad state and the Bitcoin price offer is indeed low, but to assume that Bitcoin will die is not true.

The title was very catchy. It catch my attention, but upon reading further, I was convinced that the OP is just an attention seeker trying to shill it's own coin.

The whole world is not at a brink of any way. That there is a war in a certain region of the world doesn't mean that the whole world is at war.

You wish for BTC to die, but apparently, that can't never happen. Enough of wishful thinking.

All I see, is a group of doomed bitcoin-hodlers calming each other by naively mantra "BITCOIN IS NOT DEAD, BITCOIN IS NOT DEAD"

Welcome to the true reality stupid hamsters. BITCOIN IS DEAD. He can't survive on PoW. And ardent defenders of BTC & other BTC maximalists will not allow BTC to switch to PoS. This is an end of Bitcoin Era

Bitcoin is a fossil. Somebody get back that dinosaur at the museum

I think this is Deja vu because I remember back on 2020 when pandemic happen, many people are keep saying Bitcoin is dead many times. Well nothing new here, there's always people who keep saying Bitcoin is dead when the price is much lower than the previous ATH and there's always people who keep support Bitcoin since they trust Bitcoin price could reach many times higher.

Since I'm a Bitcoin enthusiast, so I will choose the option two and that's why I always say keep accumulate every dip of Bitcoin!

So does that mean the next best crypto i.e., ETH is going take the first spot since it is getting the upgrade to PoS ?
But we see that ETH price is falling too and that is because the entire market is falling.
We have seen such posts previously as well and we just have to wait until the next bull run to prove you wrong.
Just keep waiting to see bitcoin rising again.

In my personal opinion, people who say bitcoin is dead, bitcoin has been buried and will not last until 2023 and there are also those who say bitcoin will be defeated by xrp, doge coin, and so on. I think people who say all of that are just people who want to find attention, maybe forever in his life he has never felt love and care from others, so he made a controversial argument so he could get rid of the boredom in his life, I am also sure what he said from his mouth must be against his conscience.

You're giving them too much credit.  OP couldn't possibly have a conscience.  They exhibit delight in supporting a renowned identity thief who wants to line their pockets at the expense of their victims by hyping up their scamcoin.  It doesn't matter how many lives they ruin, they will still sleep soundly at night.  All BSV supporters are literal human garbage.

very interesting topic, is it true that bitcoin will die? if I personally don't know, because I am a beginner in bitcoin and crypto, will bitcoin die or not, but like this? if bitcoin is dead, why are so many people buying it now? if I think bitcoin will not die, the proof is that now more and more people are buying bitcoin.

The energy problem is not a bitcoin problem, Faketoshi.

You might not be able to understand this just like you cannot understand the difference between shitcoins and Bitcoin. So let me help you out a little:

Yes, energy consumption is a problem for the environment. And yes, POW consumes a lot of energy. But that does not mean that Bitcoin is at fault just because it consumes a lot of electricity, it just means that we need to stop licking the shoes of big oil and switch to green energies. (Yes, green energy would more than easily provide for the worlds energy needs, if fully implemented).

But the oil/gas lobbyists do not want that. They influence politics to keep the pockets of influencial politicians filled with their lobbyist bribe money. Does this seem right to you?

So anyone blaming Bitcoin is not looking at the bigger picture here. They just want to point fingers without solving the real problem.

At some point in time, we will be forced to make the switch to 100% green energy. And at that point, the POW energy consumption problem will disappear.

GOTCHA.

Helloooo, bitcoin is dead. People are fool, that's why they are still buying bitcoin

It's you bitcoiners have no conscience. Hey bitcoin enthusiasts, stop polluting environment with your obsolete bitcoin. Make way for green cryptocurrencies

Now is another time. Bitcoin will not survive this time

PoS is a future. PoW is a past

It won't help you. If bitcoin does not switch to PoS, then you will loss all your accumulations

Your fantasy shitcoin will not survive such non-action either, ever thought of that?

Can't really migrate to proof-of-stake when the only miner that wants to follow you is CoinGeek...

Proof Of Work is solid.  Bitcoin will be just fine.  Chill peeps.

"Bitcoin runs (only) on stranded, excess energy, generated at the edge of the grid, in places where there is no other demand, at times when no one else needs the electricity.  Retail & commercial consumers of electricity in major population areas pay 5-10x more per kwH (10-20 cents per kwH) than bitcoin miners, who should be thought of as wholesale consumers of energy (normally budgeting 2-3 cents per kwH). The world produces more energy than it needs, and approximately a third of this energy is wasted. The last 15 basis points of energy power the entire Bitcoin Network - this is the least valued, cheapest margin of energy left after 99.85% of the energy in the world is allocated to other uses." - Michael Sayor @ michael.com

Dude , what fairy tale world do you live in?
Because the one the rest of us are in, the world has less energy than it needs not more.

Rolling blackouts are plaguing the US, Europe and China.
https://www.washingtonpost.com/business/2022/06/02/blackout-states-summer-heat/
https://www.bloomberg.com/news/articles/2022-08-26/europe-energy-crisis-kosovo-learns-to-live-with-rolling-power-blackouts-again
https://www.bloomberg.com/news/articles/2022-08-17/chinese-factories-close-as-drought-hurts-hydropower

The Office of Science and Technology in the US is recommending that PoW be eliminated, to protect the US power grids.

Proof of Waste is on it's last legs, expect the worldwide PoW ban by the end of 2024.

What if bitcoin can't be mined because governments and their climate change agendas will fight against it with regulation?
They can't regulate blockchain technology but they can regulate the exchanges. This is what MiCA law is currently outlining as part of the regulation by the EU.
Not a lot has been leaked. This is expected in 4 weeks. But what if the regulation says "Since bitcoin mining is energy consuming, exchanges must now prevent transactions in BTC"

The EU will also ask exchanges to verify all transactions and stop money laundering.
If they can't live up to those demands, I expect some to be taken out of business.
Which I think will lead to an ubercrash of cryptos.

I'm not investing anything before regulation is out there, and analyzed thoroughly.

Personally, I can't imagine all of the big crypto exchanges crashing out at once because that means their founders lose everything, and they are probably determined to use every available resource to prevent that from happening.

EU can't really stand against a bunch of companies especially when they have lobbyists inside it.

Actually I don't want to bother if someone says that Bitcoin is dead, whatever it is it will not affect the growth of bitcoin in the eyes of the public, without us realizing that Bitcoin still has a strong community, even though the current Bitcoin price is falling, it's not without reason bitcoin will disappear just like that, even we will see in the next few years. that bitcoin will make everyone feel like a dream, with a very significant move..

Bitcoin will not die, not until the next 5 years at least. I do agree that we need to do something to improve Bitcoin's PoW mechanism so it will use less energy, but Bitcoin itself has too much of a big name at this point

TL;DR, but I see OP has a "Bitcoin SV" nickname with a "dragon" logo. Is this guy a BSV shill? If so, does it mean that BSV is moving to PoS or any other system for him to say PoW is doomed? Or somehow BSV's PoW is safe from this according to him? I don't have time to waste with CSW loonies anymore but im curious to see what rhetoric are they used to FUD BTC while shilling BSV when BSV is just another BTC clone without the hashrate or at least that's how it went last time I checked this and most altcoins.

If no one wants to mine a Proof-of-Work coin, it won't use much energy.  So every time I see this user saying their BSV scamcoin is environmentally friendly, I just take it as an admission from them that they know their chain isn't worth mining.

Next 5 years is too early for the death of btc but are you a time traveler and you see that the world is going to end that day? Because that is the only reason I can see for btc to die and not any other major crisis or something that is similar to that. I don't think btc has an issue but it was only the people who are anti btc are thinking that btc has an issue. This is why btc devs, miners and its supporters didn't do anything or any other changes against btc because for us btc is perfectly fine.

Obviously he is and maybe you are right that bsv is going to move in pos because why would he talk like this when bsv is also like btc that has a pow mechanism?

Proof bitcoin is finally dead
https://www.news.com.au/finance/markets/world-markets/expert-savages-bitcoin-and-claims-it-is-basically-dead/news-story/e4b26637fc8eb3a543b0088d8f500ba4

You two would make good company with Aleksei Sytsevich.

Bitcoin Falls to $19k as Federal Reserve Announces 75 BPS Rate Hike

https://cryptopotato.com/bitcoin-falls-to-19k-as-federal-reserve-announces-75-bps-rate-hike/

Thanks for the free sats.  ;)

When a 1000$ drop means for you Bitcoin is dead, does a 1000$ raise mean that Bitcoin will never die?

Hey dorks, are you still believe in bitcoin? How can you rejoice during an energetic collapse?

Hey idiot. You are now on my ignore list.

Ok, add me to ignore list.

But problem is not solved. Bitcoin is dying on PoW due to the energy crisis of the world

MUAHAHAHAHAHAH

Bitcoin is fell to 16k $.      5k $ will be soon


BITCOIN IS DEAD


Thank you FTX & energy crisis

Fixed that for you. Kept your spelling mistakes.

Yo're all laughed at CSW and called a liar

But in fact Sam-Bankman Fried turned out to be a liar  whom you all btctards loved so much

All your balances at FTX returned back to FTX's main sponsor - democratic party, to support the war with Russia

Most amusing!

Thanks for putting yourself in this troll box, easy to avoid that way!  ;D

BTC will be 5000$ to the end of 2022

The END

That would be nice! It would fill many of my resting orders.

Wow, I wish what you said would happen because I really hope it will. In the past, I missed the opportunity to own it before when the bitcoin price was only 1k$ per bitcoin. That's the thing that I regret the most until now, and I believe a lot of people are like me.
I'm looking forward to the bear season to last and the bitcoin price is dropping as profoundly as possible so I can buy them as much as I want cheaply because I can assure you that bitcoin will rise again in the future and I bet you 100% it will happen.

Most bitcoiners never used FTX. It was popular among traders because Sam offered very low fees to get them to deposit on his exchanges and allow themselves to be scamed. FTX was a scam from the beginning, but the loss was really much smaller than Sam and the media portray. He never had all these billions of dollars. The valuation of his company was largely based on the market cap of their illiquid tokens that they could never sell at these prices.

As much as you'd like this to be a big thing, it's not. Novogratz and Black Rock and all these companies lost a lot of money investing in Sam's scheme but they were never interested in bitcoin. They thought Sam could turn their dollars into more dollars but Sam bought himself houses and boats instead and gambled away the rest.

Come back in 2024. I bet you a $100 that "dead" bitcoin will be priced higher than 16k. You talk like it's a bet you can't lose, so free money for you.

Your worthless forkcoin wishes it could see $5k.   ;D

Jealousy is an ugly emotion.  You should work on that.  Clearly you've come to terms with the reality that your coin will never amount to anything, so all you have left is envy.  Aren't you just tragic. 

Bitcoin is dead? do you understand the meaning of the word dead?. I don't think you're stupid enough not to know the difference between death and decline. Do you have a way to help bitcoin drop to 5k$, if possible I will give you 20k$ because I am expecting bitcoin to drop to 10k so i can buy more but if it drops to 5k I will be even happier.

I suggest not to waste time arguing with deranged morons.

I'm still waiting for that eternal winter that was supposed to induce governments to ban all Proof of Work mining though.   :P

BTC is dead. Don't you see?

https://i.ibb.co/J7DDKpC/btc.jpg

BTC reminds me of a heavy slow cart with shit. There hasn't been any development lately. Only bugs everywhere

I'm seeing it clearly, it's true that bitcoin is dying. Bitcoin is dying at 16k, and I am waiting for the bitcoin bubble to burst at 200k in 2024. I hope you will still be alive until then to see the bitcoin bubble burst at 200k :P :P.
https://i.imgur.com/0tK2Aom.jpg