Bitcoin is gonna die soon!

[Boseda]

Bitcoin is gonna die soon because of too high fees and too slow transactions. It is becoming a very bad quality payment system, with no relevant pros in using it.


Now I see 4 different scenarios that could happen in the next months:

• Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.
• Bitcoin users will move all their BTCs to the so-called "altcoins". Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.
• Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)
• People will get tired of cryptocoins and move back to the ol' banking system.

Which one do you prefer and which one do you predict?

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[-ck]

Ah good you can add your list to this list that says Bitcoin has died 129 times:

https://99bitcoins.com/bitcoinobituaries/

Enough with the doomsday nonsense. Mining pools will cave, BU will become irrelevant, segwit will be activated and everything will move forwards. All the alleged stunts with BU are simple temporary power plays. Don't let the noise of a handful of users make you think otherwise.

[stompix]

Well, it was funny at first, another guy pretending to be Nostradamus and seeing the bitcoin shinigami in the horizon

But I've reached that part about..."Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin."
Common doge is funny and cute and all but Monero? Dash?

At least take a shot at making a real joke, you're pissing off even my last standing brain cell with this bs.

Bitcoin is already here....it can not die if it already exists 

It's the other way around...
Things that don't exist can't die.

[Nagadota]

Even in the unlikely scenario that Bitcoin didn't scale and it ended up being a digital asset, this wouldn't necessarily be against Satoshi's vision.  Bitcoin as a digital asset would just show that it was an attempt to produce a decentralised digital currency which had many extremely good ideas for other coins to improve on until there was a very good currency (which hasn't happened yet).  Satoshi's vision was for a peer-to-peer cash system and altcoins take inspiration from Bitcoin to improve on it, just like Litecoin has.

[smartbitcoininvestor]

Bitcoin is already here....it can not die if it already exists 

[Pursuer]

Bitcoin is gonna die soon because of too high fees and too slow transactions. It is becoming a very bad quality payment system, with no relevant pros in using it.

then please sell your coins and get out before it dies on you. the rest of us will be more than happy to have a tiny bit more of this scarce cryptocurrency available to us.

Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.

bitcoin developers are just developing, the whole network should accept it. miners and users.
if you want a proposal then start supporting it.

Bitcoin users will move all their BTCs to the so-called "altcoins". Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.

this is never going to happen. because you think these current existing altcoins are better because you have not yet used them. but when you get to know them more in details, start using some of them, run a wallet, ... then you soon will realize that these things aren't meant to be used outside of an exchange platform for trading only.

you are caught up in the temporary pump and meanwhile pumpers are getting rich because you think like this.

Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)

we are a long way from that day but this can happen, I agree.

People will get tired of cryptocoins and move back to the ol' banking system.
[/list]
bitcoin is still the same decentralized currency that nobody can control. so there is nothing to get tired of. the fees are higher that doesn't mean bitcoin is not bitcoin anymore.

[kryptqnick]

Bitcoin is already here....it can not die if it already exists 

This is not a point at all. You exist but you will die at some time, right? The same may happen to bitcoin. Transactions are getting ridiculously slow and the payment is now quite big. A few days ago I wanted to send $50 in btc and payed 70 cents for that. I took more than THREE days till my transaction was finally confirmed. This is no good. I hope some of that will get fixed after Segwit is implemented.

[LeGaulois]

We will get a solution for sure, the problem is WHEN? Because if we need to wait like 5 years to get the things solved, bitcoin will fade with time, loosing people interest, ect and develop a higher criticism about bitcoin as well.

[Lauda]

Bitcoin is gonna die soon because of too high fees and too slow transactions.

Bullshit.

It is becoming a very bad quality payment system, with no relevant pros in using it.

And bullshit. Either your understanding behind the fundamentals laid upon by Bitcoin, the very same ones that give it value (being "cheap" isn't one of them), or you are paid for this nonsensical propaganda.

Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.

Already solved to some extent: Segwit -> LN -> Signature aggregation + Schnorr signatures > Sidechains > TumbleBit > Mimblewimble.

Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.

You are a uninformed baboon. None of these altcoins are better than BTC . DASH is a scam, Monero has worse scaling properties than Bitcoin, DOGE is a joke (fun one, but still a joke), and LTC is the silver to the gold (Bitcoin) and is almost identical (aside of having Segwit + LN already).

Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)

Yet, the number of transactions seems to be "more and more".

.
People will get tired of cryptocoins and move back to the ol' banking system.

You came to Crypto for the wrong reasons if you think this.

[thesavoyard]

Bitcoin will die because it's community is loyal, stupid and greedy. Satoshi never intended for BTC to be the world's money, he introduced a new technology.  He was aware btc could not survive due to lack of updates.

Monero I think offers nothing that isn't being done better by Zcash. Her obnoxiously loyal trolling community can't save her. I'd put my money on Dash and Zcash due to virtue but I haven't seen the crypto market being driving by rationalism, just brand loyalty.

Lauda, you're a joke. Btc can't even transfer money.  Can't due instant payments. Can't combat the double spend scams and will never be updated to increase capacity or resist quantum computing. Not to mention the problems that will come in the future do to the laws of the universe governing decay....

[AT101ET]

The issue with delayed transactions that consequently drove up transaction fees is definitely very real but not something that would 'kill off' BTC. The issue has been ongoing for a while now and yet in that time (after the BU saga) the price has still soared and reached a new ATH.
Something tells me OP is wrong....

[Kousei23]

Bitcoin is already here....it can not die if it already exists  

This is not a point at all. You exist but you will die at some time, right? The same may happen to bitcoin. Transactions are getting ridiculously slow and the payment is now quite big. A few days ago I wanted to send $50 in btc and payed 70 cents for that. I took more than THREE days till my transaction was finally confirmed. This is no good. I hope some of that will get fixed after Segwit is implemented.

I agree that if you exist you will someday die because there's nothing permanent in the world. As I can see it is true that bitcoin transactions nowadays are getting slower and slow because of high demand I guess. The value of bitcoin is not stable sometimes it is good and sometimes not. I think bitcoin will not die even if it's transactions are changing. Person who are incharge will find a better and enough way to solve that different issues.

[Lauda]

Bitcoin will die because it's community is loyal, stupid and greedy. Satoshi never intended for BTC to be the world's money, he introduced a new technology.  He was aware btc could not survive due to lack of updates.

Outright lie. This has nothing to do with what Satoshi had or had not intended.

Monero I think offers nothing that isn't being done better by Zcash.

Centralized, corporation coin with a built in master key? No thanks.

I'd put my money on Dash and Zcash due to virtue but I haven't seen the crypto market being driving by rationalism, just brand loyalty.

Zcash is nonsense (as explained above) and DASH is a scam and processes less USD in 24 hours than DOGE.

Lauda, you're a joke. Btc can't even transfer money.  Can't due instant payments. Can't combat the double spend scams and will never be updated to increase capacity or resist quantum computing. Not to mention the problems that will come in the future do to the laws of the universe governing decay....

Said the newbie account deeply invested in some shitcoins hoping to get a few pennies. You seem to have been living in a cave, and have not heard of any solutions being delivered.

I agree that if you exist you will someday because there's nothing permanent in the world. As I cans see it is true that bitcoin transactions nowadays are getting slower and slow because of high demand I guess. The value of bitcoin is nit stable sometimes it is good and sometimes not. I think bitcoin will not die even if it's transactions are changing. Person who are incharge will find a better and enough way to solve that issue.

Classic shitpost.

[stripykitteh]

Bitcoin is gonna die soon because of too high fees and too slow transactions. It is becoming a very bad quality payment system, with no relevant pros in using it.


Now I see 4 different scenarios that could happen in the next months:

• Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.
• Bitcoin users will move all their BTCs to the so-called "altcoins". Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.
• Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)
• People will get tired of cryptocoins and move back to the ol' banking system.

Which one do you prefer and which one do you predict?

lol Bitcoin is not going to die any time soon. People rant on and on stating that the transactions are really slow,  Blockchain is just to large to download, etc -little do they realize that Bitcoin was not built to have one person sending payments to another person every second.

Since people like to send Bitcoin to people from anywhere in the world then they should expect high transaction fee's, if not then they can just transfer their coin to an Altcoin so the other person could exchange it for Bitcoin.

[Panda Trump]

Bitcoin is gonna die soon because of too high fees and too slow transactions.

Bullshit.

It is becoming a very bad quality payment system, with no relevant pros in using it.

And bullshit. Either your understanding behind the fundamentals laid upon by Bitcoin, the very same ones that give it value (being "cheap" isn't one of them), or you are paid for this nonsensical propaganda.

Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.

Already solved to some extent: Segwit -> LN -> Signature aggregation + Schnorr signatures > Sidechains > TumbleBit > Mimblewimble.

Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.

You are a uninformed baboon. None of these altcoins are better than BTC . DASH is a scam, Monero has worse scaling properties than Bitcoin, DOGE is a joke (fun one, but still a joke), and LTC is the silver to the gold (Bitcoin) and is almost identical (aside of having Segwit + LN already).

Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)

Yet, the number of transactions seems to be "more and more".

.
People will get tired of cryptocoins and move back to the ol' banking system.

You came to Crypto for the wrong reasons if you think this.

Is it allowed to say "Bullshit" on these forums? I've always used "Nonsense" instead of "Bullshit" to avoid being punished or such, but if it isn't disallowed, I should just use it? I've seen tons of bullshit posts with bullshit arguments and bullshit predictions and I'd love to express my opinion without changing the words to friendlier versions  

 Thanks in advance,
-Panda Trump

[thesavoyard]

Bitcoin will die because it's community is loyal, stupid and greedy. Satoshi never intended for BTC to be the world's money, he introduced a new technology.  He was aware btc could not survive due to lack of updates.

Outright lie. This has nothing to do with what Satoshi had or had not intended.

Monero I think offers nothing that isn't being done better by Zcash.

Centralized, corporation coin with a built in master key? No thanks.

I'd put my money on Dash and Zcash due to virtue but I haven't seen the crypto market being driving by rationalism, just brand loyalty.

Zcash is nonsense (as explained above) and DASH is a scam and processes less USD in 24 hours than DOGE.

Lauda, you're a joke. Btc can't even transfer money.  Can't due instant payments. Can't combat the double spend scams and will never be updated to increase capacity or resist quantum computing. Not to mention the problems that will come in the future do to the laws of the universe governing decay....

Said the newbie account deeply invested in some shitcoins hoping to get a few pennies. You seem to have been living in a cave, and have not heard of any solutions being delivered.

I agree that if you exist you will someday because there's nothing permanent in the world. As I cans see it is true that bitcoin transactions nowadays are getting slower and slow because of high demand I guess. The value of bitcoin is nit stable sometimes it is good and sometimes not. I think bitcoin will not die even if it's transactions are changing. Person who are incharge will find a better and enough way to solve that issue.

Classic shitpost.

Said the dumbass without offering any real argument. Sums up the btc loyalist community. Loyal and dumb.

BTW the University of Luxembourg cryptology department isn't a corporation.

[talkbitcoin]

Bitcoin will die because it's community is loyal, stupid and greedy.

Thank you!

Satoshi never intended for BTC to be the world's money, he introduced a new technology.  He was aware btc could not survive due to lack of updates.

you shouldn't comment on things that you have no understanding of.
go read the bitcoin white paper first and come back to tell us what satoshi is calling bitcoin.

Monero I think offers nothing that isn't being done better by Zcash. Her obnoxiously loyal trolling community can't save her. I'd put my money on Dash and Zcash due to virtue but I haven't seen the crypto market being driving by rationalism, just brand loyalty.

please do that. and good luck.

Lauda, you're a joke. Btc can't even transfer money.  Can't due instant payments. Can't combat the double spend scams and will never be updated to increase capacity or resist quantum computing. Not to mention the problems that will come in the future do to the laws of the universe governing decay....

again you have no understanding of the things you listed here. please educate yourself first.
i would have taken the time to explain each of these if i wasn't sure you are trolling and an altcoin bagholder.

[Karmakid]

It depends on the reason why do they raised the fees and there is areason for slower transaction we experience right now.They raised fees because of transaction notbeing confirmed fast if it has a low fee.Slow transaction is caused by spam attackes and double spent transactions now

[Lauda]

Said the dumbass without offering any real argument. Sums up the btc loyalist community. Loyal and dumb.

I destroyed our post without having to make any substantial argument as it was built up on lies and nonsense.

BTW the University of Luxembourg cryptology department isn't a corporation.

Five reasons Zcash is the most corporate coin. Get a life shill/bagholder.

i would have taken the time to explain each of these if i wasn't sure you are trolling and an altcoin bagholder.

Classic. People with weak minds can't forgive themselves for not joining Bitcoin earlier, thus they have to shitpost and invest in random shitcoins in hopes of getting money.

It depends on the reason why do they raised the fees and there is areason for slower transaction we experience right now.They raised fees because of transaction notbeing confirmed fast if it has a low fee.Slow transaction is caused by spam attackes and double spent transactions now

Partial shitpost.

[hase0278]

Lauda, you're a joke. Btc can't even transfer money.  Can't due instant payments. Can't combat the double spend scams and will never be updated to increase capacity or resist quantum computing. Not to mention the problems that will come in the future do to the laws of the universe governing decay....

Even if confirmation is slow it can still transfer money. Even if there isn't instant payments people will still trust bitcoin and they're sure that eventually it will be confirmed and arrive in their wallets. Even if there is the scaling issue bitcoin will continue to move forward. And like what lauda said, goodluck hope you won't be just a bagholder of an altcoin in the end.