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I suspect crypto will be banned as a whole in 90% of the modern world.
We have greed and bs ICOs to thank for that.
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China is banning miners.
Which will cripple the network, cause even higher fees and confirmation times.
That's it. Nothing we didn't know already.
The future is not blockchain, it's block-lattice.
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LOL aaaand it's gone again.
Almost -10%
When will you guys learn that there is no future with this crippled system.
It does not scale.
It's infested with banksters that took control of it.
Just look how elegantly Raiblocks solves this bitcoin mess.
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By increasing the blocksize to an amount high enough to be able to deal with VISA's transactional volume (and we are looking at 25k transacions per second only at VISA, if Bitcoin has to be a global currency usable for everyday-tasks, we need much more) you would never be able to get around centralizing the network due the nodes being handled to datacenters, which are corporations, which are ultimately controlled easily by governments. You are handling control at layer 0.
With LN, everything happens at layer 1, layer 0 is still a decentralized network of nodes.
This is why BCash is dead and is not real competition when it comes to the idea of scaling Bitcoin.
Playing with block sizes or timing is not the answer and it comes down to having more and more data all being stuffed into a database that is already 200gb in size and then trying to distribute this to 20,000 machines and keep them all in sync. Trouble is you cannot just jump to the top of block to calculate the value of a wallet and you have to go back down the chain (Link list of block headers) and check all the history of each coin or part coin in the wallet to decide if the wallet has the money to spend. Processing 200gb of data is bad and it will only get much worse. Repeat this 20,000 times you see why it costs 90KWH of electric just to process 250 bytes of data BLOCK-CHAIN DOES NOT SCALE and having a two tear system using lighting and hubs (Banks) giving out IOU's is not the answer and it will create more trouble than it solves. Read up on IOTA Tangle or better still HashGraph and do not support CPU wars, silly high fees or PoW because from a programmers perspective it is a joke and the crypto guys have taken over the board-room and are trying to design systems that they know nothing about and this is why BTC is slow. Yes i am sure I could come up with a few radical fixes using coordinators and a tree type structure for the mass of data (200gb just now) and split it up by node groups but it would be better to start again from scratch and just learn from the mess Mr "s-m" has feed to the world. Both IOTA and Hashgraph have been refuted already by creditable people in the field. Tangle is unsafe, and Hashgraph is closed source trash. Who would trust their money on that thing? Bitcoin doesn't even need to scale if you want a decentralized gold, but lightning network can work good enough for smaller transactions. None of the altcoins present convincing replacements for PoW. PoW is still king. I'm sorry, i don't understand why everybody keeps repeating this nonsense. The arguments against PoS have been either thoroughly debunked or the issue has been fixed. Just look at Casper PoS, it's as decentralized and secure as it gets. Compared to that, PoW looks like a complete joke. |
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It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up
Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?
Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level
This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.
RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
Yea i doubt that very much. Wishful thinking in light of knowing better. The competition for monero is rising very rapidly, both in community and technology. It's fair to say that now Wraith is active on Verge, it has technically surpassed Monero. And they already had a much bigger community behind them. And then we have Spectre being technically similar but going environmentally friendly with PoS. Tbh i can only see Monero go down from here, probably back to around 0.008-0.012 btc levels. Yea yea, i know you're all going to hate on me now and say they are shitcoins. Try bringing some solid arguments this time instead of just brainless bashing. The stupidity of the unwashed masses always amazes me... The only DNMs that would start accepting Verge are the ones started up by LE agencies! Please, start your own market and only accept Verge!!! We will be seeing your name in the news rather quickly in that case! Actually, I think you know that already and this is simply all about manipulation of the new money that doesn't know any better. I don't know who put this together but I think it's interesting... Don't you? http://xvg.keff.org/ That is really interesting, but i'm pretty sure those are non-wraith transactions, which are supposed to be public. |
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It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up
Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?
Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level
This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.
RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
Yea i doubt that very much. Wishful thinking in light of knowing better. The competition for monero is rising very rapidly, both in community and technology. It's fair to say that now Wraith is active on Verge, it has technically surpassed Monero. And they already had a much bigger community behind them. And then we have Spectre being technically similar but going environmentally friendly with PoS. Tbh i can only see Monero go down from here, probably back to around 0.008-0.012 btc levels. Yea yea, i know you're all going to hate on me now and say they are shitcoins. Try bringing some solid arguments this time instead of just brainless bashing. |
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The problem with Monero is essentially the same as with Bitcoin, it's outdated tech with limited to no chance of real world growth with the ride of new coins that actually solve big problems.
Wasteful PoW should have been replaced with PoS. We keep on hearing the same outdated 6 year old anti-PoS arguments over and over, but those issues have been resolved for some time now. We should have switched long ago.
Inefficient blockchain. Blockchain fundamentally cannot scale globally. Second layer solutions are no solutions at all becsusr they break the entire concept. DAG solved this. We should have switched long ago.
Not that this really has much to do with Moreno speculation, but can you give some examples of coins that have "solved" PoS without sacrificing decentralization? I'm speculating on Moneros potential for future growth and sustainability within the crypto space. Fungibility and privacy are important feats imho but the system still has to compete, be sustainable and scaleable. Can you elaborate on "sacrificing decentralization"? You mean more decentralized than Bitcoin? *Surprise* It's not, with current 1000 ETH min. in Ethereum for example we get to almost 3000 validators. This is a variable that can and will be lowered in the future, increasing the number of validators greatly. Now look at Bitcoin, how many entities are mining? |
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The problem with Monero is essentially the same as with Bitcoin, it's outdated tech with limited to no chance of real world growth with the ride of new coins that actually solve big problems.
Wasteful PoW should have been replaced with PoS. We keep on hearing the same outdated 6 year old anti-PoS arguments over and over, but those issues have been resolved for some time now. We should have switched long ago.
Inefficient blockchain. Blockchain fundamentally cannot scale globally. Second layer solutions are no solutions at all becsusr they break the entire concept. DAG solved this. We should have switched long ago.
Ah! You are back! We can see a large increase shortly then. PoS is what it eludes to. Not that it matters to ducks with water an backs and all *clap* *clap* *clap* What great arguments Sir... Your refutation of my points have completely convinced me. |
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The problem with Monero is essentially the same as with Bitcoin, it's outdated tech with limited to no chance of real world growth with the ride of new coins that actually solve big problems.
Wasteful PoW should have been replaced with PoS. We keep on hearing the same outdated 6 year old anti-PoS arguments over and over, but those issues have been resolved for some time now. We should have switched long ago.
Inefficient blockchain. Blockchain fundamentally cannot scale globally. Second layer solutions are no solutions at all becsusr they break the entire concept. DAG solved this. We should have switched long ago.
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Oh boy, this is too great a Christmas gift.
I've been warning people for months.
All the worlds leading experts in the field have been warning everybody for months.
Biggest bubble in recorded history.
I don't even want to know how filthy rich a few have become with this and how millions have lost their savings! Hilarious!
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Watch this, Bitcoin Cash Surging to new ATHs while Core is plummeting into new lows since weeks.
Mining power is rapidly switching chains and merchants are adopting Bitcoin Cash at an exponential rate.
THIS IS THE FLIPPENING!
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The only thing you need to think about to know 100% certain that it is a bubble about to pop is this.
Why is litecoin, ethereum, or any other coin worth so much less than bitcoin?
There is no reason, they have all the same value and they can just create 1000 or 1000000 new other copy coins. Effective real value, ZERO. And soon the market will find out and it will drop like a rock to values we have not seen in years!
I know some of you will call on the network effect, but that is temporary, and it WILL CRASH!
Other than that, every single real bitcoiner that got interested in it for its p2p cash concept will cash out as soon as Lightning Network goes active.
It's nothing but a banker instrument that undermines the very principle of bitcoin. It only serves to keep the banks in power and make blockstream filthy rich, not to start an economic revolution.
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Why it will crash?
Boy you must not have been paying attention.
Bitcoin does not scale and development is pretty much non existent. It's an outdated 10 year old system that is a complete environmental disaster.
DON'T HOLD THE BAG!
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In case you didn't notice, a big crash is already going on, and will likely not stop.
Other superior and green crypto are rapidly taking Bitcoin Cores place.
Bitcoin does not scale. There are hundreds of thousands of people waiting for their insanely expensive transactions to be confirmed.
Most of these people will realize Bitcoin Core project has failed.
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The upcoming access to Bitcoin futures market will not cause a correction as many suspect, but a total collapse of Bitcoin.
It is inevetable as the network is already unable to cope with current transaction volumes, the price will plummet so hard the coming days that miners will have to stop mining, stoping the network dead in its tracks.
Exactly what Roger Ver planned and predicted for the flippening all along.
This is just a fair warning to get out now before big money starts crashing the price and the network.
Are you trying to spread FUD for BCH? These days, it's really difficult to navigate through the forum without encountering all sort of different opinions backed by different hidden agendas. You seem to easily navigate around the corporate bankster agenda of Bitcoin Core. |
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The upcoming access to Bitcoin futures market will not cause a correction as many suspect, but a total collapse of Bitcoin.
It is inevetable as the network is already unable to cope with current transaction volumes, the price will plummet so hard the coming days that miners will have to stop mining, stoping the network dead in its tracks.
Exactly what Roger Ver planned and predicted for the flippening all along.
This is just a fair warning to get out now before big money starts crashing the price and the network.
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Nope. Simply impossible.
Already we see governments cracking down on Bitcoin.
It is becoming an environmental disaster but Bitcoiners in large are willing to pretens the problem doesn't exist just because they want more dollars.
Within 6 months governments globally will take action against Bitcoin to protect our world from further destruction by Bitcoin.
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How low will we go? Will we see early 2017 prices before the end of the year? Very likely. Will Bitcoin Cash finally take its rightful place at the throne? Good possibility, prepare your orders.
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Monero community looks more and more like verge.
Trying to hype people into buying.
Monero is NOT as good as it claims.
Many new privacy coins are taking their place above Monero, implementing better scaling and safer privacy features!
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What's next?
Operation Dragonslayer.
Bitcoin Core will be taken down by the superior real Bitcoin (cash).
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