bitcoin suffers decay and now a hardfork for more blockchain bloat should be coming https://bitcointalk.org/index.php?topic=919629.0
10-fold blocksize. haha
Megalomaniac bitcoiners are loosing it. Bitcoin is done.

let him play all he wants. It's a shitcoin anyway and not worth much of anything in a few weeks/months. A hardfork is just the last nail in the coffin. Market will teach you.

thread for the friends of 'decay'

Please feel free to leave a comment on that thread explaining why decay is favourable in economics 

https://bitcointalk.org/index.php?topic=919497.0

want to leave reference here to a moved thread of mine about the same topic taken one step further:
https://bitcointalk.org/index.php?topic=919497.0

OP calls it 'high mining costs' and 'inflation', i call it straight forward: 'decay'

you didn't explain anything 

Bitcoin has built in decay: inflation, high mining costs - whatever you want to call it - it's decay basically.

So the coin which should be used as a currency is unable to preserve value which makes it basically useless as currency because the main purpose of a currency is to hold some value relatively constant so it can be used in daily exchange of goods and services.

Please explain again why decay is an advantage for a currency and why anyone would accept a decaying currency in exchange for goods and services when presented with a choice between a more and a less decaying (and therefore volatile) currency.

Why would anyone choose the more decaying currency in an exchange of goods/services over a less decaying one - let alone invest in it?

Thanks for explaining again.

Such a nice doubletop.

A huge dead cat bounce in slowmotion.

Congratulations, fans and bagholders of the decay-coin.

Guys, if nobody benefits, not even investors and in the end not even the miners, it's fair?

You got some serious brain-problems.

It's going to fail because nobody benefits - not even the ones supporting it.

The one who maybe benefits is the whale who scoops it all up on the bottom and pumps and dumps it on you fanboys.

The other one who benefits is the one who shorts it. So your logic is catastrophic.

Early investors benefit heavily - and since nobody benefits after them obviously, it looks more and more like a ponzi.

The argument with short onramp would lead to a few owning most is not valid either because the same is true for bitcoin since reward decreases exponentially.
Bitcoin is as bad with the distribution as any altcoin - only difference: the useless torture of the inflation is dragged out on a longer timeframe and prevents in this way an immediate success of the project, makes it volatile and unuseable as store for value.

Bitcoin has actually a distribution worse than most non-scam/fairly launched alts because when btc was launched the community was tiny compared to now while at that time the miningrewards were the biggest.

Ok, you are now allowed to fanboy more.

Obviously most of you communists are opposed to a currency that can hold value and/or create profit in the present. Have fun with the pipedreams and don't get overrun by a value-preserving steamroller

Keep protecting decay as something good.

Lol! Decay as point of fairness, LMAO!

I'd  wait for the rockbottom and stagnation to avoid ruin.

It's currently one of the most entertaining spots on the web, the way it is. Don't be so butthurt!

Now, we'll first hit rockbottom and then stagnate until halving. So don't get all fuzzy.

A pump and dump could be expected for the halving because whales like excuses.
Any real demand isn't created with a halving.

Exactly. Good equestion. No advantage there. It's pretty clumsy.
Coders are no economists obviously. Bitcoin is much more volatile than would need to be.

what's up with particle?

coinage and difficulty aswell probably

i was around 2013 and the market did not suddenly go berserk out of a downward momentum.

Indicators like the google trends were present back then which are clearly not now.

I'm extremely bearish because bitcoin is still in accumulation-mode for the next decade which means it'll come down and hit the bottom to stagnate there for the longterm. God knows what the bottom will be and if it ever recovers. I bet my money on the good alts which are coming out of their accumulation-phase right now. Bitcoin needs another decade. Let it rest in peace.

just pray to god it doesn't drop below 250$ because that would be the end of it, so yeah, all aboard the failtrain (not)  


Can't wait for the threads in 2 or 3 days about the 'cheap coins'. Looking forward to it.

markets don't suddenly shoot to the sky out of a downwardstrend, noobs. Especially not after important support was broken and longterm trends.
Is everyone still hodling like jaded gamblers?

btw: this thread title is pretty gay

needs quite some recouces but would be much more fatal than just a 51% attack
And it's cheaper than 51% for sure.
Shocking stuff.

BS

volatile due to inflation

useless for anything other than speculation thus wildly overpriced