|
I very much doubt bitcoin will still be around during the holidays.
Operation Dragonslayer will take care of that soon.
|
|
|
|
|
Lol.
After Operation Dragonslayer the value of bitcoin will be exactly 0.
I usually don't agree with agressive attacks but people just won't listen.
Bitcoin does not scale and is vulnerable.
Don't want to listen? Fine, feel it.
|
|
|
|
Difference is bitcoin is fully transparent. If the cost of privacy is extra storage then surely that's a decision for the consumer?
There's little choice when the system becomes unuseable for people to run in the first place. Already it takes several days to do a full sync on a fast connection with proper hardware. |
|
|
|
The reason Monero can never be highly valued is because it doesn't scale.
Basically the same problem as Bitcoin, but even worse.
"But, but, we have second layer solutions."
Fine, go ahead with your second layer centralized off-chain solutions, *poof* gone is your privacy.
Wasn't this privacy why you wanted to use Monero in the first place?
I'm baffled by how very few people realize this. Then again people are only on these forums to make more fiat and have very little interest in the tech itself.
Off-chain scaling does not mean poof goes privacy for Monero, how did you come to that conclusion? I'm baffled by how people just spew nonsense without any merit I'd love to see second-layer solutions that preserve privacy at the level of Monero on-chain transactions. Links or details are very welcome. |
|
|
|
|
The reason Monero can never be highly valued is because it doesn't scale.
Basically the same problem as Bitcoin, but even worse.
"But, but, we have second layer solutions."
Fine, go ahead with your second layer centralized off-chain solutions, *poof* gone is your privacy.
Wasn't this privacy why you wanted to use Monero in the first place?
I'm baffled by how very few people realize this. Then again people are only on these forums to make more fiat and have very little interest in the tech itself.
|
|
|
|
BTC whales adopting Monero is really a double advantage blade, tag my phrases...
Not to pop your bubble, but i doubt there's any whale that would invest in Monero as long as its coin supply is infinite. Yes i know you call it tail emission which doesn't make it any better. It's by far the worst property of any coin. It assures people the value will decrease over time. All the non-arguments about fees not being enough to keep the miners active are so tiresome, there's no evidence to support that claim and completely oversees the fact that it is self balancing system. Sure some coins get lost here and there but to assume you can even get a rough estimate of how much this would be is delusional. Why would the coin supply need to stay level? What is wrong with remaining coins being more scarce and gaining value? If somebody were to fork Monero with a hard cap, now THAT would be a serious competitor in the market. This right now is nothing but a pump and dump. Infinite coins wheeeee, infinite coins for everybody (just because it's 'slow' doesn't matter, still infinite, making the real value exactly 0) Are you immortal? With only 157680 XMR a year with tail emission it would take 100 years for 15 million additional Moneros to be mined, I hardly call that infinite Even at current, which many fanatics consider to be low, value, that is 20 million usd which is assumed to get lost. |
|
|
|
BTC whales adopting Monero is really a double advantage blade, tag my phrases...
Not to pop your bubble, but i doubt there's any whale that would invest in Monero as long as its coin supply is infinite. Yes i know you call it tail emission which doesn't make it any better. It's by far the worst property of any coin. It assures people the value will decrease over time. All the non-arguments about fees not being enough to keep the miners active are so tiresome, there's no evidence to support that claim and completely oversees the fact that it is self balancing system. Sure some coins get lost here and there but to assume you can even get a rough estimate of how much this would be is delusional. Why would the coin supply need to stay level? What is wrong with remaining coins being more scarce and gaining value? If somebody were to fork Monero with a hard cap, now THAT would be a serious competitor in the market. This right now is nothing but a pump and dump. Infinite coins wheeeee, infinite coins for everybody (just because it's 'slow' doesn't matter, still infinite, making the real value exactly 0) |
|
|
|
|
LOL Bitcoin Core is not "back in the game.".
The only thing happening is the Cash team is getting the maximum capital out of Core.
They have accumulated billions of USD and own over 60% of all mining power.
The recent dumping and price rise of Bitcoin Cash was only a small test to see how much resources and capital is required for a full take over and destruction of Bitcoin Core.
Follow the Bitcoin Cash channels and you know exactly what is going on.
|
|
|
|
|
It's been like this for months, i suspect they will be bankrupt soon and will vanish in thin air, doing a little Mt. Gox there. Taking all our crypto with them.
|
|
|
|
|
Don't be dense.
There won't be a come back.
The network is basically dead already.
Hundreds of thousands of transactions are not getting confirmed, people are waiting for their transactions for days without any idea when or IF they are ever going to be confirmed, even though they paid max fees.
|
|
|
|
|
Feel free to buy while this things is sinking.
I've transfered all my Bitcoin Core to the exchange to sell 35 hours ago with max fee in GUI. Still waiting to get confirmed.
Bitcoin network is basically dead already.
|
|
|
|
|
Sounds like a smart plan considering the bitcoin network is basically dead.
Almost no blocks are being mined. Hundreds of thousands of transactions remain unconfirmed for the foreseeable futute.
|
|
|
|
Bitcoin Classic ≠ Bitcoin Core.  Read more carefully with all these altcoins and forks. |
|
|
|
There we have it guys.
People were hoping for SW2X but got disappointed.
Now the only working real bitcoin is Bitcoin Cash and big money is flowing into it.
I suspect it will be equally valued to Bitcoin Core before the end of the year.
Every serious Bitcoiner know it is the only implementation that Satoshi thought would ever be viable.
Not this mutable SegWit nonsense. There was a very good reason he included signature data and keep transactions immutable!
Bitcoin Cash is nothing to be scoffed at, with a market capitalization of over $15 Bn now. But it is still a fraction of Bitcoin. The 'flippening' with respect to Bitcoin Cash doesn't seem to be something which we should worry about in the near future. It should be. All the hundreds of millions that flowed into Bitcoin in hopes of SW2x are now flowing into Bitcoin Cash, as it's the only one solving the problem right now and staying true to Satoshis vision. Transaction volume in USD of Bitcoin Cash was almost equal to the transaction volume in USD to Bitcoin Core itself. If that doesn't scream FLIPPENING i don't know what does! |
|
|
|
|
There we have it guys.
People were hoping for SW2X but got disappointed.
Now the only working real bitcoin is Bitcoin Cash and big money is flowing into it.
I suspect it will be equally valued to Bitcoin Core before the end of the year.
Every serious Bitcoiner know it is the only implementation that Satoshi thought would ever be viable.
Not this mutable SegWit nonsense. There was a very good reason he included signature data and keep transactions immutable!
|
|
|
|
|
We can already see massive dumping of Bitcoin of people to get their hands on Bitcoin Cash
|
|
|
|
|
Oh boy look how wrong i am again. Yesterday we were at 7800 usd, now we're at 6800, losing 1000 usd in a few hours... mehhh it's not crashing at all. My prediction is so unrealistic lol.
Fact is hope is gone for Bitcoin.
It doesn't scale, it will not scale, it's an environmental disaster.
People will invest in real scaleable solutions that work.
|
|
|
|
|
SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future, we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.
|
|
|
|
|
As big as demand may be. 99% of all btc is in the hands of something like 10 people. If even one of them decides to dump, even partially, the price completely collapses. This in turn will cause a chain reaction of others panic selling where the price drops probably to single cents permanently. Trust in Bitcoin will be gone forever.
A matter of time really. When, not if.
|
|
|
|
|
Show Posts
