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Author Topic: Will Bitcoin die soon?  (Read 43086 times)
jubalix
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June 09, 2017, 05:13:11 AM
 #241

Bitcoin itself as a protocol is essentially un~killable in a way nothing else has been before.

Will it die....well its hard to say who's done more damage

GOX/Karples
Segwit vs BU
PBOC


Amazingly I would have to say the ranking of damage to BTC value by a ranking system
100 Segwit vs BU
10 GOX/Karlples
1 PBOC in fact on reflection they may have helped a lot by shakeing out the market a bit and tightening things up in CNY.


So Segwit vs BU have inmho been by far the most damageing to BTC value, and could yet kill it.

Don't believe me, we ETH has around 1/2 the value of BTC, which must be such an irritant to all the BTCr's and co who were scam coin on eth.

ETH could go another 2~10 times fairly easily, it has dev and will adopt dev to address issues via VB who will Shepard the ETH for long enough to get around the issues.

So many tokens are being releases some will work, big time.

So ETH could become the defacto digital gold. ETH has been smart by publicly down playing that while privately knowing it will be the defacto result or their strategy anyway.

The only thing that could upset eth, is if LISK gets out its SDK, and VM and devs increasingly go to lisk because they know javascript.

Meanwhile Segwit and BU jump up an down on the BTC crown as hard and often as possible.

I have never, ever seen such a clear and clean example of two irrational parties that unfortunately say as a race we suck.

A plague on both their houses.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
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June 09, 2017, 05:26:31 AM
 #242

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
I think if you want make payment in now, you can try an altcoins with low fee and can send very fast, look like DGB, XRP, DOGE, STR ..., but need appcept altcoins for payment
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June 09, 2017, 05:55:37 AM
 #243

A little bit assumption  have about bitcoin death that will never ever possible unless cyber will be crushed in my point of view. Because, already 40% people in the whole world are anggaged on bitcoin & they want to use this more spreadly  across the world.

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June 09, 2017, 12:17:01 PM
 #244

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol maybe due to the deep disappointment due to the lack of bitcoin as the confirmation time can make the user go and if it keeps on going the user can run out and bitcoin will die?
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June 09, 2017, 12:44:44 PM
 #245

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol maybe due to the deep disappointment due to the lack of bitcoin as the confirmation time can make the user go and if it keeps on going the user can run out and bitcoin will die?

I have noticed that, though people are aggrieved by the delays in transaction confirmation and high fees, they nevertheless remain stuck with Bitcoin, because on trying elsewhere - the altcoins, reality soon dawn on them that no place is actually like home. For a thousand and one times, doomsayer had foreseen the last days of Bitcoin, but would they ever learn, Bitcoin is answers to many question bothering man, anyone suggesting it is going to die now or in years to come, truly lacks understanding of what Bitcoin really is.


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June 09, 2017, 12:56:38 PM
 #246

If the current situation persists for too long, then I believe yes... Bitcoin will be damaged, and the small Bitcoin holders will get out of the boat first, not before paying a premium for their transaction fee to fiat, of course.
Yes if the problem in the transaction fee would not be fixed or solved soon then there is a possibility that bitcoin will be die. Because it has a big effect to every user. But I believe that they are going to fixed it as soon as possible so that bitcoin will still remain and can be used even in the future.

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June 09, 2017, 02:16:28 PM
 #247

If the current situation persists for too long, then I believe yes... Bitcoin will be damaged, and the small Bitcoin holders will get out of the boat first, not before paying a premium for their transaction fee to fiat, of course.
Yes if the problem in the transaction fee would not be fixed or solved soon then there is a possibility that bitcoin will be die. Because it has a big effect to every user. But I believe that they are going to fixed it as soon as possible so that bitcoin will still remain and can be used even in the future.

I used to believe that Bitcoin will die if these issues with high fees and delayed confirmations aren't solved any time sooner but I have a different perception now. With the overwhelming increase in patronage I doubt if Bitcoin will die any Sooner even if the challenges are not resolved because a lot of the new entrants are just interested in investing in Bitcoin so that they sell when the prices goes up; there are just a few that use it on the daily basis for micro payments and they are likely to encounter the delayed confirmations unlike those that have invested and holding.



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June 09, 2017, 02:17:48 PM
 #248

Bitcoin can never die but unless the scaling issues are solved it will remain a niche product and never go mainstream. We have the chance to revolutionize the world and I hope the miners listen.
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June 09, 2017, 02:32:56 PM
 #249

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol maybe due to the deep disappointment due to the lack of bitcoin as the confirmation time can make the user go and if it keeps on going the user can run out and bitcoin will die?


People who wait 8 days for the first confirmation don't want to pay appropriate fees and it solely depends on them whether to wait so long or not. Just recently I paid $2.5 fee and the transaction was confirmed in 20 minutes. Of course such fee is unacceptable for small transactions under $25 and for those transactions other cryptos will be used in the future most likely.

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June 09, 2017, 04:11:16 PM
 #250

I think it will not die, it's just starting to get more popular. I can assume that in the near future it will be our new kind of money. And we all know that innovation is coming, this is it, this is our new and innovative kind of money. Less hassle of keeping it  and it's pretty handy. This is the future, and the future starts with this.

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June 09, 2017, 04:19:09 PM
 #251

Processing of transaction is so delay I hope it should be so faster.

We all hope but the miners and users refuse to come to some compromise, honestly I dont care if its Segwit or Bitcoin unlimited as long as there is something that WORKS.
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June 09, 2017, 04:25:38 PM
 #252

I fear too... any problem on BTC don't have a solution until now.... But I believe,, the blockchain and Bitcoin have a big solution for this case... cause BTC and blockchains so soon if death, beside of this case Bitcoin and Blockchain is a good technologi for future financial,  Undecided Grin
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June 09, 2017, 04:35:21 PM
 #253

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol maybe due to the deep disappointment due to the lack of bitcoin as the confirmation time can make the user go and if it keeps on going the user can run out and bitcoin will die?

If Bitcoin can't fix issue Blockchain, the user Bitcoin will go to an altcoins can fix that, look like ETH, XRP, DGB ... I hope Bitcoin can fix it soon because if can't, the price of Bitcoin can breakdown more Cry
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June 09, 2017, 04:36:25 PM
 #254

I fear too... any problem on BTC don't have a solution until now.... But I believe,, the blockchain and Bitcoin have a big solution for this case... cause BTC and blockchains so soon if death, beside of this case Bitcoin and Blockchain is a good technologi for future financial,  Undecided Grin

I'm also aware with these problems that can give investors doubt on investing with it. Companies can just adopt the blockchain technology and if there will be no solution for these problems on bitcoin for sure we will see a lot of people to adopt and migrate to some alt coins that is next to bitcoin. But I think if many will migrate there, the same problem will be experienced.

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June 09, 2017, 04:40:41 PM
 #255

Bitcoin can never die but unless the scaling issues are solved it will remain a niche product and never go mainstream. We have the chance to revolutionize the world and I hope the miners listen.
You are right its not going to die but need to settle some things which are creating problems so we can hope this is going to be settle in near future because now some big names going to adopt this and investing some huge funds for revolutionize this all system

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jerry23
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June 09, 2017, 04:54:23 PM
 #256

Bitcoin is rising up rapidly so the wallet's owner thinking that bitcoin will go up more so that they increase the fee's of the its user but it doesn't mean that the bitcoin will die soon. no its a big no. the one who is saying that is just regret now because they didn't buy bitcoin in low value.
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June 09, 2017, 04:59:58 PM
 #257

Bitcoin can never die but unless the scaling issues are solved it will remain a niche product and never go mainstream. We have the chance to revolutionize the world and I hope the miners listen.
You are right its not going to die but need to settle some things which are creating problems so we can hope this is going to be settle in near future because now some big names going to adopt this and investing some huge funds for revolutionize this all system

Bitcoin will be alive and well even after August 1st which is the date when the compromise agreement on scaling solution can be implemented or what they call as BIP 148 UASF. We are then hoping that real solutions can be implemented to the Bitcoin problems so that Bitcoin can finally be able to gain its real growth potential.

Bitcoin is right here and will stay for as long as there is a need for it and as long as people are still trusting the technology behind the number one cryptocurrency.

Long live the King!
rhyso
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June 09, 2017, 05:15:57 PM
 #258

?

I have done a few transfers in the last couple of days and they have taken a minute...

dunno what you guys are experiencing?

accrual of monetary value
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June 09, 2017, 05:17:26 PM
 #259

?

I have done a few transfers in the last couple of days and they have taken a minute...

dunno what you guys are experiencing?

Of course we know what we are experiencing and that is because of the delay of confirmation. In your confirmation, how much you are paying for the fee? The higher fee, the higher priority and attention of miners to your transaction. And majority of us are not willing to pay for higher fees as we knew bitcoin is a cheap way to transact.



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rhyso
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June 09, 2017, 05:44:43 PM
 #260

The fee on all three was 0.00008

which equals about $0.22

Now considering I just sent some money home to my country from another country and it cost $25 plus an extortionate exchange rate...

I would say that is pretty cheap.

I could have sent millions of dollars worth for 22 cents.

You guys are talking chump change as a limitation on BTC... You need to focus on a good job, not BTC transaction fees if you think 20 cents is a restriction.


accrual of monetary value
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