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I personally think there's still space for a deep correction. Price can sink to 2,000 $ IMO
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@Vigme86 you totally forget that hard-drive capacity increasing over time and price/GB become lower over time.
Additionally if we're talking about scaling, storage capacity isn't biggest problem. Internet bandwidth, internet latency and RAM usage are bigger problem.
Furthermore, even with scaling solutions such as LN, you still need on-chain transaction to open and close channel.and current on-chain capacity isn't enough if Bitcoin is mass adopted (and even if all of them only use LN) .
...
Are you suggesting someday BTC will increase its block size ? What do you mean when you're saying "mass adopted"? In my mind mass adoption means there will be millions of full nodes running on a daily basis, am I wrong? I'm aware capacity will increase over time, not quite sure it will be enough. Finally, I would like to know what is "witness scale factor", never heard about it  . Can you please give me a hint ? |
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Hi all,
....
firstly segwit does not actually offer 4mb true open utility. thats the fake promise of a 2015 scaling debate secondly if your thinking of keeping the same computer for 10 years. then i feel sorry for your computer in regards to future other software from microsoft, apple and any other software available (unrelated to bitcoin) that wont work well on a computer thats over 10 years.(most people upgrade their pc's every 4-6 years on average thirdly having millions of people running a full node would actually cause more of a bottleneck than having ~10k-100k used by merchants that NEED to monitor funds of thousands of people paying them each day. rather than home users that may only get paid once a month. those only getting paid once a month and only wanting to use bitcoin just to buy groceries to be delivered next day, can just use spv wallets. not everyone needs to be a full node and monitor ~2000 tx every 10 minutes if they are only personally involved in 1 tx a day/week if you are a business NEEDING to be monitoring more than just a couple addresses. then you probably for other business purposes have your computers on a 4 year tax deductibles set-up where you replace equipment. and you probably hav a business internet plan. rather than a home user plan .. lastly LN is a separate network to be used for multiple coins. meaning it will require once established properly. masternodes that monitor multiple chains. thus making LN hardware requirements to be a "full node"(factory/hub/watchtower) compared to just using bitcoin and only using a bitcoin node to make transaction on the bitcoin network First of all, thanks for your reply, but some of your answers I simply do not understand quite a lot. Firstly: I'm not a technician, 4 MB for single block will never be reached ? I believe you, anyway it seems to me you're turning around the point, that is in the next years blockchain will increase way more than 50 GB/year, size will be around 1-2 TB and common users will simply cease to run full nodes. Furthermore biggest block ever mined right now is above 2 MB, so where is the limit ?EDIT: You've already answered at this in a previous reply, anyway there have been a 2.26 MB, hence 2.1 MB is not the limit https://www.blockchain.com/btc/block/00000000000000000021868c2cefc52a480d173c849412fe81c4e5ab806f94abSecondly: It's not about pc upgrade but hard-disk size increase rate. It seems you're confident in ten years we'll have 16 TB hard-disk as standard, I'm not. Thirdly: I simply do not understand this point, it seems quite in contradiction with a peer to peer electronic cash system. You're saying common users (i.e. people which are not using bitcoin for transactions on a daily basis) should not run a full-node, while vast majority of bitcoiners on the internet are saying exactly the opposite, like for instance aantonop here https://www.youtube.com/watch?v=oX0Yrv-6jVs]https://www.youtube.com/watch?v=oX0Yrv-6jVs]https://www.youtube.com/watch?v=oX0Yrv-6jVsWhy should million full nodes will cause a bottleneck ? Lastly: I do not understand this point, I'm trying to read it again later. |
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Hi all,
I've recently discovered something is quite concerning for me, i.e. with Segwit transactions single block size will rise up to 4 Mb.
This would lead to a blockchain increase up to ~200 GB/year, while a normal laptop does not have more than 500 GB.
Right now blockchain is already at 200 GB.
In ten years it seems quite unsustainable. Common users will cease to run a full node, only pros and geeks will do that,
and we'll never have millions of full nodes in that way.
If bitcoin is peer to peer electronic cash and want to be worldwide, IMHO more than mining centralization and price dumping
it's mass adoption of the peer-to-peer network that should be concerned.
If LN will have a great development in the following years, and I hope I will. what about reducing block size back to 1 MB or even lower?
I would like to have explanation and thoughts about a technician.
Thanks in advance.
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A store of Value , Holds it Value Relative to Fiat.
Bitcoin is not a store of Value as over 80% can be lost at a moment's notice as the past year has proven.
Things that value is almost fixed are a store of value.
People need to learn the difference.
Bitcoin is a fluctuating medium of exchange, it has never been and never will be a store of value.
It depends, how are you defining store of value ? In a free market, nothing has a fixed price. If you see Gold/USD 50-years chart, it has highs and lows too. Do you think gold is not a store of value ? A store of value is an asset that maintains its value without depreciating. https://www.investopedia.com/terms/s/storeofvalue.aspBTC has 80% losses every 2 or 3 years , a store of value it is not. Gold remains relatively stable , and when it price decreases too much , their are alternative uses in industry for it that eventuality increase it's price. BTC has no other usage except as a payment system, which the miners are now losing money to keep it running. Gold can't die, because a group of miners stop mining , bitcoin can. Find anyone that purchased Bitcoin above $6000 and tell them it is a store of value, don't be surprised when they laugh in your face and ask for their thousands of dollars of value back that evaporated into thin air. You do have a point, but BTC is a store of value not in the mid term (2-3 years) but in the long one (at least 5 years). Gold has lost 50%+ of its value against USD in the past within two years (Jan 1980 - Jun 1982), but in the long term has always kept its value. https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart BTC is really too young to be judged on a long term view, but it has always shown a steady growth since its foundation, we'll see in 2021 who's right. If someone invested a sum at 6,000 USD/BTC that he cannot afford to lose I'm sorry for him, but that's a misinvestment. By the way BTC can't die if current miners stop mining, this just means difficulty will be lowered, medium hashrate will decrease, new miners will come. |
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Happy to see DeepOnion community is still safe and sound, despite price's drop  Long live DeepOnion  |
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A store of Value , Holds it Value Relative to Fiat.
Bitcoin is not a store of Value as over 80% can be lost at a moment's notice as the past year has proven.
Things that value is almost fixed are a store of value.
People need to learn the difference.
Bitcoin is a fluctuating medium of exchange, it has never been and never will be a store of value.
It depends, how are you defining store of value ? In a free market, nothing has a fixed price. If you see Gold/USD 50-years chart, it has highs and lows too. Do you think gold is not a store of value ? |
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Hey guys, any news here ?
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Hey guys, what's up? any news here ?
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Ehi guys, it's been a while, some big news here ?
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The general population would rather deal with a currency that is somewhat close to the USD or Euro value. Why are we still talking in terms of 0.000653 btc when we should be using mbtc more and eventually talking in satoshi once bitcoin reaches 500k levels.
This is why Satoshi gave bitcoin so many decimal places.
With the example you have given we are still in the position of using decimal places as .000653 BTC is equal to 0.653 mBTC, it really does not come any close to the dollar value you are hoping since 1 mBTC is equal to .001 BTC or 1/1000 of a Bitcoin. I also don't think that coming close to the Dollar or Euro value is a prevalent problem here for the general population as switching back and forth from BTC, mBTC, or even uBTC will be a much more greater problem as what BTCforJoe mentioned it will cause a lot of confusion when it comes to payments for them. BTC is still new and a lot of newbies don't know the other two denominations I have mentioned. Sticking up to the BTC value which has 8 decimal places is what a lot of people are used to, I was confused at first but then I tried reading the values from the start of the number after all the zeroes and thinking it as a whole number at that point on reading BTC values was an easy thing for me to do. Also in my own opinion this is not our problem to solve, if this became an issue the government could easily set a standard on what denomination will their country use when it comes to cryptocurrency payments and the transition will be easy if that happens. I quite agree with posts quoted, speaking about mBTC or BTC is not a big issue. There's a question related to this thread but I'm quite confused about the answer i.e. about the 8 decimal places rule. What if in 20 years thanks to a big increase of BTC valued they will not be enough (let's dream a 20,000,000 $/BTC or even more  ) ? Lurking around this forum I've sensed it's not possible to add new decimal places, is that right ? |
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Very interesting and helpful topic, I would merit if I still had it. From a user point of view sounds like LN it's a potential breaktrough innovation but still with some big issue to fix (opening a channel 24/7 is clearly impossible, and it's not clear to me how you can manage negative balance once a user wants to close his channel). Anyway there's a sentence that sounds really disappointing to me ...We can’t avoid increasing the block weight in the future...
It's one year since BCH fork, and after all that debate here's the conclusion  . I quite disagree with it. Block weight should stay 1 MB forever. Makes no sense to me increasing it. |
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 This statistic shows the full situation in DO market. No one wants even to sell. The death officially. OMG 8000$ in 24 hours? I believe once it will be added to RightBtc exchange it could do minimum 100K per day. More exposure and more investors always good for coin. It is only 5k on cryptopia and 2.5k on kucoin. I think they will delist DO very soon. In an exchange where DeepOnion is #103 out of more than 500 coins in current volume, they'll delist it? Sure, Jan... As long as they don't hint anything or threaten to delist it that issue is not imminent. I also don't think that they are delisting a lot of coins anyway. I mean, I understand that they could be considering delisting some of the coins that consistently present no volume but to delist DeepOnion they would have to delist more than 75% of their coins first. DeepOnion is not at the bottom of either Cryptopia's or Kucoin's list in volume, it makes no sense to delist it unless someone is planning to close shop, which neither of those exchanges seems to be doing. DeepOnion has done the exact opposite of delisting anyway, it keeps getting listed on more and more exchanges. I know some people don't realize the importance of getting listed in new exchanges with a small volume but Kucoin was a lot smaller when DeepOnion was first listed there too. There's more than one way to get listed in a tier one exchange. It's not a problem of supply, About 310k ONION is available at exchanges. We need some demand and it will come with new announcements... new exchanges, new features, DeepSend and more. Improvements are the key, there is a lot to do still, dev team is really active |
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I read the Newsletter, and impressive and doglover's surprise must be the new wallet.
Yes, I also read it like you and I have many interesting things.  I am anxious to have this new wallet update, it is very modern and the colors make it look more elegant. It looks really great. It will grab a lot of attention I am sure of it, we just need to promote it like crazy when it comes out. It will stand out in the crowd that's for sure. Most projects are still using the standard looking qt wallet with very little modification That and it will have deepsend hopefully Im 99.99% sure thats what the BIG NEWS is. It was originally set for Q2 and pushed to Q3 but I believe it will be included in the new wallet release Just think people...you know the devs dont ever sleep! I think they might get paid a salary in amphetamines hahahaha very good good, but it is true the developers do not stop working, it is incredible, that makes the project keep improving. Very good to read that, let's hope you are right |
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People who can keep calm at this time,Is the person who can firmly hold,There will be more and more people like this Hodl is the key for success, the market will just transfer money from the impatient to the patient |
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Hi everyone, Good to see the progress in the new official DeepOnion ANN, I havent been here for a while now. I will be here more often now.  Welcome back just some chit chat in the meantime :D |
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 Verify the above image with DeepVault:Dpy7NidaMrVC1BoxW2Skp14YjyphhnRqYS Very true. Infinite patience always pays We'll definitely wait with patience |
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We will have some great news next week!
I am always excited and ready for great news! cool what would that news all about? hmm do you have something like hint? LoL Let's wait the big news and see what happens |
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Recently I saw an Deeponion-like altcoins. It's very popular right now, you guys know who it is，someone doubted it plagiarized the Deeponion code. What do you think?
They did and it is not a secret. That only confirms that this project is successful and that others want to copy its success. They can never be better than DeepOnion as they have no development of their own and can only wait for DeepOnion to implement some feature to copy it so they will always be behind. Yes, they copied everything from DeepOnion: the code and the airdrop system. Fortunately, the source of DeepVault has not yet been disclosed and could not be copied. That's why not everything can be published open source on Github. I noticed that they updated their roadmap recently with a plan to add enhanced privacy features in 2019 Q1... that is a convenient date that will give DeepOnion the time to release and test DeepSend before they copy it. I hope DeepSend will remain closed source for at least a year before the code is released publicly. This way, anyone trying to copy us will have to survive a whole year before they get any privacy features for free. I think they'll need a 1-year-airdrop just to remain active. Actually, I hope DeepSend remains closed-source until ONION is widely recognized... this way, copying code can never be a concern. DeepSend isn't a security feature so I don't mind if it remains closed forever. I agree, DeepSend should only be made public when it is recognised by everyone as a DeepOnion product. The best projects are in Deeponion and Deepsend will be part of it. Because that is where we find quality projects. DeepSend will skyrocket DeepOnion to the moon, you can count on it |
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wow that's a really awesome report really interesting Onion not only has the strongest community growth, most active development team always releasing new updates and addons... New exchanges and extra updates almost daily. They are the ultimate privacy coin and altcoin with all technologies already implemented and those around the corner. With growth like this and the technologies we have, future is very bright for any $Onion HODler. HODL, Stake, accumulate more if you can! Poor poor dumpers. Well I hope the dumpers will learn their lessons very soon. They will regret missing out on DeepOnion. Do they ever learn Kidding, sometimes dumpers are just newbies. Sometimes they just don't learn. Not everyone knows to recognize an opportunity. Thanks for the report, really interesting |
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