Well, bitcoin has always been using POW bru

im totally with you bra, POW is not the right model.

Proof of work has a lot of downsites, the energy cumsomption just huge with pow.
i believe it is impossible that btc become nr1 world currency with POW.
not only that it is slower that POS, it is also consuming too much energy.

; look at the cryptomarket, the people are saying that it is still a so young market, so unadopted with so much potential to grow 5x 10x 100x or even 1000x its actual size.
now think about the news you already head about the energy consumption of POW.
You hear that it is already consuming as much energy as small countrys.
And where are we at? 5-10tx/s?
to become a nr1 world currency we'll need hundret thausends of tx/s.
With POW? not with me, i love motherearth and i want that she is fine.
 
but there are more downsites, It is just not fair. Its if more benefitial for those who already own a lot then for those who own less. with POW, owing 20% of the processing power doesnt mean you have 2x more advantage then somebody that owns 10%. because there is somthing called economy of scale, it says that as more you buy, as cheaper it gets. so somebody making millions of millions with mining, can buy much more hardware with their money in ralation to somebody buing hardware with less money. dui to economy of scale, as more you buy, as more discoint you get. this leads to big miningfarms growning faster that is good for the balance. with POW, in some years some players might reach the 51% hashpower required to attack the system.

POS, is the opposite, it is just using a fraction of the POW required hashpower and makes even more Tx/s. it cost less energy and is faster at the same time.
it is also even way saver then POW, imagine you want to hack a POS blockchain.
what yould you need? you would nedd 51% of the total money to put is in stake, since in POS you kind of "mine" with your stake. So, why would someone that owns 51% of a system, would want to hack that system? i dont know, since after a big hack the prices might drop rapidly and that might result in a loss of money of the hacker and he also might loose his whole stake(51%of market). why would he want to risk that?
POS is fair. if you have 10% of the money in the stake youll get 10% of the benefits. thus no one can grow exponentially faster then somebody elso, resulting in a more balanced coin and mining allocation.

and there are even more reasons but i think you get the bigger picture!

POS > POW!!!

P.s: i think it is really sad that the majority of the btc community is kind of blind to this huge problem. and i think its because the mining is a good way to make money. when i think about what it says about our community, it kind of makes me sad.

you are right about your assumptions, this is how the market is working at the moment.
as long as the market is working like that it will grow at a slow rate and pump dump its way up. but every dump will always have the potential to pop the bubble.

we could chance that cicle, what it we could turn the dump money into smart money instead of just "shaking them out" as you said. we need the infrastructure to welcome the newbies in a simple, intuitive and friendly environment. A evironment where we can teach them how to become smart money.

that might create a positive feedback loop that might let the market grow with a even higher exponential rate.

when do i know that weve reached the bottomline and i can buy the dip?

Im thinking about buying more crypto during this bear market.

should i do it?

if yes, how should i do it?

I think that it might take about 2 month before we see big price movements towards 15k.

I base that prediction on a simple question:

"What should happen before we see major price movements?"
or with other words
"How should the BTC ecosystem look like before we see major price movements?"

My answer is simple:
Cryptocurrency projects needs to deliver. (past icos)
newbies need to understand and trust the technology.(thru education)
we need more good news about crypto.

and i think it might take minimum 2 month for projects to deliver, newbies understand and good new to come.

true i forgot bitcointalk!

Do you know some interesting websites that provide free market analysis tools?

like https://bitmood.net/ for example

my crypto starter kit consists of:

Delta App     (to see current portfolio)
Ivan on tech (dayli updates)
Twitter          (follow:big traders and big players)
binance         (to trade)
coinbase        (to upload money)
coin telegraph,coinmarket cap, coindesk (news and stats)


maybe Github too (for update in code)

what about yours?

okay thank you, i think we shouldnt leave it to the individual. Their ignorance is pulling the market down and that is affecting all of us.

The Beginner and help section is good for those who use Bitcointalk. But i dont think that bitcointalk is made for mass adoption.
Btctalk is just for those who really want to dive into the scene. its just noch as userfriendly t as it should be to attract a lot of newcomers.

I think about a different platform, a platform made just for the interaction between newbies and experts. build to satisfy their needs, a platform that is userfriendly and easy to understand. providing news, educational content and tools to understand the market within seconds.
i just need some people to help me develop that idea.

I be thinking about makinig a platform where coins are used/implemented as incentive.[...]
i just need some great ideas on how to implement a coin.

what type of businesses/ICO's use coins and how are they implemented in their business model?

if you like, get into the details, im looking for inspiration.

i think the PRICE would stay stable because the last sold would probably last for ever since no buy/sells can be made.
atleast on coinmarketcap or at brokers.

The VALUE  however would drop dramatically, imagine those who enable adoption with btc-marketplaces and every business model working with btc. nobody would want to enable btc paymets for their value proposition because nobody spend their btc.

Thats the exact opposite then what we need. we need to spend our btc to feed the ecosystem so it can grow.

what about ripple? isnt that a mix of both inerests? i dont think their interests are absolutely opposite, both are providing a similar service and banks can profit from cryptocurrencies as xrp shows so why should they be so opposite?

goog question, i think bitcoin could have the theoretical potential to become the next banking system.

BUT only theoreticaly, and only in a far theoretical future.

before bitcoin can become the next banking system it has to overcome major obstacles, such as raising the transaction rate.
in order to be a major bankiing system youll need a fucking high transaction rate. and im speaking about probable millions of millions
of transactions per second. before bitcoin can be there we will need a lot more nodes in the lightning network.
thats a hard obstacle to overcome if not very very hard obstacle at least with the current version of btc.

another big proboem would be the private keys, currently there is noway to keep private keys save and easy assesble at the same time.
as saver the private keys are secured as unconvinient they are to use. unless we dont find a solution for that it will stay a far future.

a next big problem is definitly the energy consumption, imagine millions of transactions on the btc blockchain. and imagine how much energy
the mining process would require.

theory is good but practically i dont see no way that btc could become the future of banking, at least not with the current code. maybe with PoS the could be a little chance but i dont think so.
maybe as digital gold btc could find a place that could fit his properities perfectly.

I look around in the crypto space and i see a lot of newcomers that have no clue about the market and about what is going up.

they read from time to time news of big news providers and understand just a little bit of that.
they know where to find a whitepaper but they dont understand anything.
they are easy to manipulate, feeding scammers and raising the amount of scammers in the market.
they have weak fingers and their feelings decide wether they buy or sell something.
they drive the volativity high. they might be the main reason for the current crash.

they do what newbies do, f**k up markets.

we need a solution for that, we need to educate them.
we need to provide good and relevant information, in a way that is easy to digest.
we need to provide tools for them so that they can learn complicated things the easy way.

education is key to sucess in crypto world as in reality.
uneducated communities can lead to chaos.
educated communities can lead to great intrinsic growth in value.

educated investors, aka smart money, lead to stable markets.
stable markets makes the coins actually usefull and are necessary for a real btc boom.
stable markets are the key to mass adoption.

i am building a platform to solve that issue!

i would like to hear what you think about that.
do you know homepages that provide a service like that?
are you interested in being involved in such a project?

first you should ask yourself if you understand the technology and if you understand the underlying fundamemntals.

if you do, you should ask yourself if you want to support this idea and technology. Maybe because you dont like banks
or because you just dont want to trust any thirdparty with any of your inforations.

if you want to support, invest.
if not, dont!

Can you explaine a little bit more about the orderbooks and how they can absorb the weak hands? i never heard about that.

yes i think too that the news are playing a big role in this game.
and especially the newbies are affected by the media. i think here we come back toi the main problem.
newbies need more trust in the game.

its funny that this whole crypto thing is about solving the "trust problem" and the prices are dropping because the people dont have enough trust. 

sry man i dont get you, i used basic terminology for people with basic understanding of this topic.

if you dont understand anything tell me ill translate it for you

Ahh sry, im pretty new to btctalk.

what terminology do you mean and could you translate them to crypto terminology please?

you mean for example "bull" and "bear"?

dont you think that the changes in technology LN,RSK,SW could be a reason for a bullrun?