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Author Topic: Block size debate history lesson - a history of declining BTC marketshare  (Read 1159 times)
chopstick (OP)
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March 27, 2017, 05:50:06 PM
 #21


The primary reason for the price decline is the FUD of an imminent BTU fork, which nobody in their right mind wants. Bitcoin was holding over 80% of the market share steadily, until Antpool & Ver created panic.



LOL, if only you could blame price increases / decreases on whatever imagined problem that you want it to be.

Price is rising / falling because of speculation, period.

Price has risen / fallen during periods of increasing BU hashpower.

Price has risen / fallen during periods of declining BU hashpower.

But go on Lauda, keep grasping at straws, we find it amusing.

You Core supporters love creating alternate realities and then living inside them. You're like one of the liberals who honestly believe Trump colluded with Russia.
Lauda
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March 27, 2017, 06:43:06 PM
 #22

-snip-
You Core supporters love creating alternate realities and then living inside them. You're like one of the liberals who honestly believe Trump colluded with Russia.
It is quite ironic that you state this, considering that a BTU supporter just did the same thing:

BTC back up to $1020 and BU signaling higher than ever.

FYI I'm everything but a liberal; one of the reasons for which I'm familiar with the coercion attempts being used vs. Bitcoin right now.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
kiklo
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March 27, 2017, 10:31:24 PM
Last edit: March 27, 2017, 11:07:04 PM by kiklo
 #23

Block size debate history lesson - a history of declining BTC marketshare

I have an alternative view point.

Why don't your correspond your graph to the problem with Unconfirmed Transactions and increased Delays and Increased Fees.
Those are the real culprits , IMO.  Smiley

No one would give a crap about blocksize if BTC was handling the transaction load, which it is not!
Ergo the transaction limit and Fee increases are the real cause of the declining market share.


 Cool

FYI:
BTC officially sucks,

$ .60 fee to send BTC, this is on top of a $2 cost to convert from FIAT to BTC.

So now the Minimum Cost to send $20 of BTC is $2.60  .

That is a 13% fee of the total amount.

It is now cheaper to send money by using a Money Order than BTC, and with the large # of unconfirmed transactions,
mailing a money order may be faster.


BTC is Now Slower than the US Postal Service, Tongue
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