BITCOIN IS DEAD! PoW FAILURE! ENERGY COLLAPSE!

[Bitcoin SV]

BITCOIN IS DEAD!

Explanation

There is an energy and raw materials crisis all over the world (in connection with situation in UA). People in Europe are switching to coal. Ethereum swithing to a less energy-intensive model PoS

BTC is doomed to extinction if it doesn't switch to PoS. But if BTC will be switch to PoS - then it will cease to be BTC


That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)


Bitcoin and Its Failing Technology

...On analyzing the history of Bitcoin, one can see a shift from currency to an asset exhibiting store-of-value properties. This transition has probably left the technology of Bitcoin to play catch-up. In a world as fast-paced as ours, Bitcoin's technology is running behind by at least five years.
Energy efficiency and scalability are two of the most severe issues Bitcoin faces. If not addressed, these issues could very well dethrone Bitcoin.
POW or Proof of Work is the core technology behind Bitcoin, and without delving deep into the technology, one can ascertain the fact that POW is not in the best interest of today's world. Recent studies show that energy consumption from Bitcoin mining around the world could equal the energy consumption of a whole country.
Moreover, if Bitcoin is to fulfill its true goal and be the currency of the people, as it was supposed to, it has to be more scalable. And scalability is one of the reasons that has hindered the mainstream adoption of Bitcoin...

https://toughnickel.com/personal-finance/5-Coins-that-can-be-Bitcoin-Killers

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[mk4]

Even if mining hashrate is cut in half or 1/4th, Bitcoin would still be running fine.


With that said, since we're posting charts, I wonder how BSV is doing against BTC..



https://www.tradingview.com/chart/TpE1GrGY/?symbol=BITSTAMP%3ABTCUSD

[Bitcoin SV]

I wonder how BSV is doing against BTC..

But we have low fees and less energy is needed for mining. BSV will survive, but BTC will not

We are green

Even if mining hashrate is cut in half or 1/4th, Bitcoin would still be running fine.

Hey, what about microtransactions on BTC?

[Despairo]

But we have low fees and less energy is needed for mining. BSV will survive, but BTC will not

We are green

The fees is cheaper because not many people are using BSV, if you compare your coins with new coins, obviously the new coins will have lower fees than yours and this discussion will never end.
Same like talking about less energy, a coin with POS network will have less energy than BSV since it's centralized.

Hey, what about microtransactions on BTC?

That's what Lightning Network gonna help when Bitcoin fees already expensive like 2017 back.

[Bitcoin SV]

Rest in peace BTC


https://medium.com/coinmonks/bitcoin-is-dead-again-968de818e1dd

[AGD]

Your title says it all. Fake page counting fits perfect to fake Satoshi with his fake shitcoin. No matter how hard you try to shill, noone will fall for it. Bye lolly boy!

[NotATether]

Rest in peace BTC

[]https://miro.medium.com/max/700/0*u3zmhB_FPh0pfwVK.jpeg[/img]
https://medium.com/coinmonks/bitcoin-is-dead-again-968de818e1dd

Tell that to Craig Wright after he goes to jail for Australian tax fraud.  

[un_rank]

That's why BTC is Dead.

Change the chart to show a year after each bull run from 2013, and you would have the same result, a downward curve:

Here is the chart months after the bull run of late 2013/early 2014 and after the 2017 bull run
 
The consistency is both is the downward curve and also the media screaming 'bitcoin is dead'. Bitcoin was not dead and each time the price recovered and reached even higher ATHs.
You are only recycling an old narrative which has shown to have no substance and linking that to energy crisis with no actual connection.

it is becoming more and more difficult to mine BTC (especcially on PoW model)

Bitcoin is becoming more secure and decentralized cause of the PoW algorithm.

We are green

You are centralized.

- Jay -

[Bitcoin SV]

Tell that to Craig Wright after he goes to jail for Australian tax fraud.  

As my master said, "Bitcoin will be die slowly and painfully". CSW is a seer

it is becoming more and more difficult to mine BTC (especcially on PoW model)

Bitcoin is becoming more secure and decentralized cause of the PoW algorithm.

I have no see a future of that dinosaur called BTC. It's time for BTC to go to the museum. Everyone sees how BTC becomes heavy and clumsy.

[NotATether]

Tell that to Craig Wright after he goes to jail for Australian tax fraud.  

As my master said, "Bitcoin will be die slowly and painfully". CSW is a seer

He was probably referring to his own fraudulent version of Bitcoin by accident.

[Darker45]

It seems that your claim and your explanation don't add up together. You're saying that Bitcoin is dead because of the energy crisis all over the world, and since Bitcoin's PoW is an energy-intensive model, it is bound to die or is already facing its demise. However, if we look at Bitcoin's difficulty chart, it is far from falling down, meaning people remain very much interested in mining despite your so-called energy crisis.

So how are we going to interpret this? It would either be that Bitcoin has grown green just like what you claim with your BSV and therefore it doesn't care about the energy crisis, or that despite the ongoing energy crisis the interest to support Bitcoin remains very strong, and that despite the price falling to $20,000 it is still worth mining Bitcoin. So it's far from going dead, then.

[Dunamisx]

Assets and returns over last 10years


source

Take a look at the statistics from the return earned by other forms of asset compared to bitcoin maybe that can be convincing enough for you to understand that bitcoin is not a joke nor a mediocre as you sound to be, bitcoin is just a digital currency in case you're forgetting and has come to stay, volatility is part of it rudiments, so why the worries.

But if you're still not convinced yet, I'd rather go down to locate that guy selling shaved ice accepting bitcoin right within his locale.

selling shaved ice for bitcoin

source

[NeuroticFish]

I've fixed the title for OP.
I have nothing to add. We have a known troll who should be on everybody's ignore list (ideally even for the brand new accounts too).

[gunhell16]

Tell that to Craig Wright after he goes to jail for Australian tax fraud.  

As my master said, "Bitcoin will be die slowly and painfully". CSW is a seer

it is becoming more and more difficult to mine BTC (especcially on PoW model)

Bitcoin is becoming more secure and decentralized cause of the PoW algorithm.

I have no see a future of that dinosaur called BTC. It's time for BTC to go to the museum. Everyone sees how BTC becomes heavy and clumsy.

I don't know what you're pulling off and saying that kind of thing on Bitcoin. Because if I look at the chart you showed in the topic you made it is very far from what you say Bitcoin is dead. And then for me, your reason is superficial, the energy crisis is very irrelevant to the fall of bitcoin, to be honest.

Or maybe you're just saying this so you can spread FUD against Bitcoin so that just in case its value drops, even more, you'll take advantage of the opportunity to buy bitcoin. And I don't think that style will work on this forum anymore.

Anyway, it's your opinion and I respect that. Although the ones you mentioned are not good for bitcoin it's a shame.

[Bitcoin SV]

And then for me, your reason is superficial, the energy crisis is very irrelevant to the fall of bitcoin, to be honest.

Bitcoin is dead in 2022. Open your eyes man, the whole world is on the fringe of war. Soon people will have nothing to eat.

and if people who mine bitcoins face difficulties, of course they will definitely continue to try to mine with hard work no matter what.

What are talking about? At winter of 2022 people will think how not to freeze, not about mining

[Moeda]

That's why BTC is Dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)

Sometimes I smile when I read this topic. You are too pessimistic about other people's products, and too optimistic about your own product.
If the energy crisis can't mine Bitcoins, and Bitcoins die, then what's the current 19 million Bitcoins in circulation for? Is the price of Bitcoin $20k today because it can still be mined?
It should be the way you think, if Bitcoin can't be mined because of the energy crisis, Bitcoin will be increasingly difficult to obtain, then most likely the price of Bitcoin will be higher. Is it logical?

[bitcampaign]

I wonder how BSV is doing against BTC..

But we have low fees and less energy is needed for mining. BSV will survive, but BTC will not

We are green

even small children know that, there are only a few BSV users so not much money is transacted on the BSV network so the fees are very cheap and there are not many transactions that accumulate too, even for mining the level of difficulty is still relatively small compared to bitcoin so that transactions are still visible fast because there are no active users who make transactions there, the same as ethereum lately, there are no users who make transactions so that the cost of gwei gas has decreased dramatically than usual

[Bitcoin SV]

Bitcoin will be increasingly difficult to obtain, then most likely the price of Bitcoin will be higher. Is it logical?

Are you blind? Look at that BTC charts. Bitcoin is depreciating and at the same time Bitcoin is difficult to obtain

even small children know that, there are only a few BSV users so not much money is transacted on the BSV network so the fees are very cheap and there are not many transactions that accumulate too, even for mining the level of difficulty is still relatively small compared to bitcoin so that transactions are still visible fast because there are no active users who make transactions there

Few transactions? Few users? Are you blind?
https://blockchair.com/bitcoin-sv

Transactions =1,326,118,880
Addresses = 47,098,118

[Bitcoin SV]

BTC won't survive in 2022

Why use bitcoin when there are more promising cryptocurrencies? XRP, Monero or BSV for example

XRP is very fast, Monero is true anonymous,  BSV is very cheapest, green, energy efficient & profitable

[fiulpro]

I definitely understand the fact that there is an energy crisis and at the same time people do need to switch to greener alternatives but let's take an example, in Countries like India, there are cars fitted with cng and in a country like uk no one even cares about it much, most of the cars I have seen is diesel+ petrol, therefore after CNG did petrol and diesel cease to exist? No, even if CNG is Greener it still does come with some benefits and demerits, just like in cryptocurrencies, some people are switching to greener mining alternatives it's definately a big plus, it won't just cease to exist for sure but it can ' change '.
Lemme quote something:

change is the nature of nature, it's the key to evolution

Let's wait and ofcourse try and own all the green ones while also making sure we don't unnecessarily dump bitcoins since bitcoins is more or so ' synergistically allocated' with Altcoins.