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Author Topic: BITCOIN IS DEAD! PoW FAILURE! ENERGY COLLAPSE!  (Read 1367 times)
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September 01, 2022, 05:12:29 PM
Merited by The Sceptical Chymist (3)
 #21

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

Have you eaten before commenting on Bitcoin. Look at the Bitcoin chart in 2017. Didn't Bitcoin go from $1k to $19k, then drop to $3k. Isn't that almost the same as what happened today? Why don't you say Bitcoin is dead by then, because it has dropped its price from $19k to $3k. Where were you then?

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September 02, 2022, 11:52:08 AM
 #22

Have you eaten before commenting on Bitcoin.
Have you eaten before criticising?

The topic was supplemented with an article proving that bitcoin is hopelessly outdated


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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September 02, 2022, 12:10:48 PM
 #23

BITCOIN IS DEAD!

Whatever the reasons you state and the case studies you present at this point, I still assume that Bitcoin is still alive and will not die even if it doesn't move PoS.
The downward graph seen in Bitcoin is normal in my opinion and not that it is a reason to say Bitcoin is going to die. Because Bitcoin can still increase again if there are more people who make purchases simultaneously without selling more. That's why I never pay attention to anything that other people say about Bitcoin's badness, because I still don't think Bitcoin is going to die.

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September 02, 2022, 02:54:25 PM
 #24

This is what happens every time Bitcoin SV (u=2371095) creates a bitcoin is dead thread:



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September 02, 2022, 03:37:46 PM
 #25

Bitcoin is crypto king.
Bitcoin is a petrified mammoth shit

There were many people who said Bitcoin is dead before that. But they all realized that they were wrong.
When the world was different. Now the world is on the verge of great changes.

Whatever the reasons you state and the case studies you present at this point, I still assume that Bitcoin is still alive and will not die even if it doesn't move PoS.
That's exactly believers like you what this Ponzi scheme called BTC is designed for.
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September 02, 2022, 04:37:55 PM
Last edit: September 02, 2022, 04:52:32 PM by DooMAD
 #26

The topic was supplemented with an article proving that bitcoin is hopelessly outdated

That's like saying the wheel is hopelessly outdated.  The fact is, it's good at what it does.  And that so-called "article" is trash, written by a someone who is either a halfwit or a shill.  Most likely the latter, attempting to promote some of the cheap coins they've already invested in, so that gullible idiots will buy them and pump the price up.    

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September 02, 2022, 06:32:00 PM
Last edit: September 02, 2022, 06:46:36 PM by Moeda
Merited by The Sceptical Chymist (4), fillippone (2)
 #27

The topic was supplemented with an article proving that bitcoin is hopelessly outdated
I don't need to read the article, everyone can have any opinion in the articles they publish. I can also write articles. The question for you, if someone writes an article for or against, will you consume the article raw without analyzing the purpose of the article they publish?
Did you know that everyone today will use the media to influence something?
Do you know who controls the media he will be the winner, even though what is said is far from the truth?
We are grateful to have a forum like this as a place for discussion so that it gives birth to an idea about the truth. The media is just a place to get information without us being able to refute what they say, except the mind that we can use to clarify the level of truth.

This is what happens every time Bitcoin SV (u=2371095) creates a bitcoin is dead thread:
He has a goal to promote Bitcoin SV. It's fine with me if he's promoting his own, but don't badmouth, take down, or say something useless for other people's products.

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September 02, 2022, 06:47:23 PM
 #28

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)


At first, I wanted to go into head to head comparison between BTC and BSV, but I discovered that it doesn't worth it. I want you to be honest here, to the best of your understanding, if BTC dies today, do you think other cryptocurrencies will survive? Or if BTC is dead, you think BSV will replace it?
We should understand that bitcoin is the king and in the game of chase, if the king is dead, the game has ended.

So, if by your imagination BTC dies, also consider in your imagination that the crypto market is dead.
BTC might have it's own disadvantages and also all coins, but in terms of absolute security, BTC will always the choice of many.

R


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September 02, 2022, 07:16:23 PM
 #29

BTC might have it's own disadvantages and also all coins, but in terms of absolute security, BTC will always the choice of many.
Dude, PoW is very good only if coin has a small amount of users. With an increase in the number of participants - the load increases - and the network slows down

That's why BSV will be live and BTC is dead
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September 02, 2022, 08:28:30 PM
 #30

Dude, PoW is very good only if coin has a small amount of users. With an increase in the number of participants - the load increases - and the network slows down

That's why BSV will be live and BTC is dead

Please how much are you been paid to speak shit about Bitcoin? Because to be frankly speaking, BSV is just a photocopy of Bitcoin, of which if Bitcoin dies today BSV and other coins follow suit, which I'm sure you and your boss "Craig Wright" knows this vividly well. I thought your super coin "BSV" would have been immune against this current bear market, but only to be surprised it was still affected of falling from $203 to $53 per BSV just within 1year, making it a total of 300% lost in investment. So how then is BSV better than Bitcoin except in terms of scalability?


 
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September 02, 2022, 11:58:37 PM
Last edit: September 03, 2022, 12:20:42 AM by KennyR
 #31

People always have an overthinking when it comes to power and that's the reason it is always connected to bitcoin and describe it as dead. Energy crisis is all around the world and the same have made its impact over each and everything. Cryptomarket isn't an exception. For this reason one can't end bitcoin as dead. Even if the mining that is being distributed around the world gets stopped, we can see the transactions happening which won't let it towards death.

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September 03, 2022, 02:48:00 AM
 #32

Energy crisis is all around the world and the same have made its impact over each and everything. Cryptomarket isn't an exception. For this reason one can't end bitcoin as dead. Even if the mining that is being distributed around the world gets stopped, we can see the transactions happening which won't let it towards death.
It won't be like this. Energy crisis will lead to the emergence of new green energy-efficient cryptocurrencies

The era of bitcoin is coming to an end. Protecting nature & green protocols - will be the new mainstream.

Bitcoin is stuck in the past and does not develop in any way.

Bitcoin will be RIP.


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September 03, 2022, 04:23:30 AM
 #33

A fork coin will be dead first if you speak the same about the coin your coin has been derived out.So is this so that you need to publish something irrelevant and btc is dead like things to give a little boost to your coin? But sorry this is not happening and you are green but how much returns the holders have over these years? These games are not going to work and btc will always rise even after falling so much.

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September 03, 2022, 04:30:47 AM
 #34


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


Don't be so panic, the energy crisis is not over the whole world... There still are countries that can mine BTC
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September 03, 2022, 04:50:23 AM
 #35

Bitcoin has been declared “dead” many times or at least twice a year since 2010. and whatever the reason even if it makes sense, just ignore it.

and each time bitcoin rises from the dead with 5x (or more) recovery.

Be patient, HODL. Stay calm… Grin


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September 03, 2022, 05:32:17 AM
 #36

Be patient, HODL. Stay calm… Grin


Bitcoin has been declared “dead” many times or at least twice a year since 2010. and whatever the reason even if it makes sense, just ignore it.
Bitcoin won't survive this time. PoW + energy crisis 2022 = BTC Crash
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September 03, 2022, 06:12:00 AM
 #37

If a headstone was handed out to Bitcoin every time this has been said, a huge cemetery of epic proportions could be filled by Bitcoin alone with room for nothing else.  Funny because Bitcoin is very much alive
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September 03, 2022, 06:40:33 AM
 #38

BTC won't survive in 2022
Many people like you don't like Bitcoin and spread FUD about Bitcoin from the past until now that bitcoin will die, but the reality is not proven and it looks like Bitcoin still exists, because all of that is a lie.

Why use bitcoin when there are more promising cryptocurrencies? XRP, Monero or BSV for example
I laugh at you, cryptos like XRP, Monero or BSV do they still survive without Bitcoin. I think all crypto will never live without Bitcoin, because Bitcoin is the heart of all crypto.
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September 03, 2022, 06:48:47 AM
 #39

With all my understanding, I had one simple thought: if BTC didn't exist, all the rest of the market would be miserable too, and BSV would be the end. inevitable. Don't compare the problems of your own advantage with the problems that BTC has not fully solved; compare them to the struggles of a living fish in a tank of water. 
And, to be honest, I've only recently reviewed BSV, and I'm wondering if you guys only grow as BTC growth increases, so you're just a little bit different in mindset from the rest, so just keep mining your personal thoughts and wait for the next BTC growth cycle; you'll also be known more:) 

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September 03, 2022, 07:38:08 AM
 #40

No Bitcoin is not dead yet because you can look back, and you can see that Bitcoin crashed many times but after some time it recovered, and then it made a comeback very well.

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