...failed UNO promotion...
Is bitcoin's inflation news to anyone? There will be max 21 000 000 bitcoins.
Topic: Bitcoin inflation: 8% since last bubble - page 3. (Read 3041 times)
Is bitcoin's inflation news to anyone? There will be max 21 000 000 bitcoins.
I'm just busting your chops, but yeah I understand your point.
I feel the dynamic is different in the sense people before would mine all these BTC coins and hold on to them but with the commercialization of mining, it's different now with the majority of miners dumping their coins ASAP. That puts a lot of downward price pressure on BTC. Who is buying up the $1.5M of coins dumped daily and will they continue to buy them?
I feel the dynamic is different in the sense people before would mine all these BTC coins and hold on to them but with the commercialization of mining, it's different now with the majority of miners dumping their coins ASAP. That puts a lot of downward price pressure on BTC. Who is buying up the $1.5M of coins dumped daily and will they continue to buy them?
exactly. Halving too slow. Too much pressure from miners. People would like to buy it and make profit, but they can't.
It is constant good news for btc. Now paypal. And that shit dumps more? Are you kidding me?
uno and btc swap places and the coin is 100k$ next year. Uno is that coin that can go up and up and up if it was adopted on large scale.
Crypto can be adopted. People are ready for it. But hey, fiat has less inflation.
I'm just busting your chops, but yeah I understand your point.
I feel the dynamic is different in the sense people before would mine all these BTC coins and hold on to them but with the commercialization of mining, it's different now with the majority of miners dumping their coins ASAP. That puts a lot of downward price pressure on BTC. Who is buying up the $1.5M of coins dumped daily and will they continue to buy them?
I feel the dynamic is different in the sense people before would mine all these BTC coins and hold on to them but with the commercialization of mining, it's different now with the majority of miners dumping their coins ASAP. That puts a lot of downward price pressure on BTC. Who is buying up the $1.5M of coins dumped daily and will they continue to buy them?
This is well in advance prepared article that is being posted at the right time to make despair and FUD. Congrats dumpers, different strategy instead of spammers.
paranoid? I wrote the thing from the top of my head 10 minutes ago. Just because i realized bitcoin could crash on paypal news - and the reason being inflation.
I see a lot of people being emotionally attached to their coins which isn't a good strategy at all.
Bitcoin first mover and all, but hey - that inflation wasn't designed for the internetpopulation and is really bullshit. Not trying to talk you out of your btc. Keep holding them. Inflation is still 10% a year.
This is well in advance prepared article that is being posted at the right time to make despair and FUD. Congrats dumpers, different strategy instead of spammers.
I think paypal was considering processing UNO initially but then switched to BTC after they realized UNO was a piece of shit going nowhere.
the argumenative value is overwhleming. This wasn't primarily thought to be promo for uno but mainly a thread about why the inflation of btc is too high and what will happen when it fails because of that. Will people hold on to a coin with extreme inflation or will they wisen up and swith to something more sane?
Saying "xy is a shitcoin" is a comment like no comment, honestly.
Well, in the end it will be decided in the markets. I am just saying: bitcoins inflation is insanely high and the mining-schedule wasn't designed for an internetpopulation. The next best coin which solves the problem is uno, like it or not.
I think paypal was considering processing UNO initially but then switched to BTC after they realized UNO was a piece of shit going nowhere.
9 months - 30 days a month - 3600 new coins a day
9*30*3600 = 972.000 new bitcoin since the last bubble. 8%
Bitcoin has an inflationrate twice as high as fiat right now.
It could very likely crash. Why?
Satoshi created the halving schedule according to society (give everybody time to get educated and buy in). He did NOT create bitcoin according to the nature of the internet, where information spreads within days and hours.
The last bubble was a reaction of the net. The information about bitcoin was spreading fast and people were buying. Well, now the inflation is too high and it will be for the next 2 years the same. Holding bitcoin doesn't make sense now.
I am personally holding unobtanium (uno) because that is halving every 208 days - much more according to the net. It is also designed in a way that it could take bitcoins place (sha256 - 3 minutes blocktime). Miners can switch over very easy. Max coins 250k, mined: 191k, mining schedule: 300 years, currently 30 new coins a day. After october 15 new coins a day. 4 and a half months later halving again.
May i ask why people hold on to an inflationary coin that was clearly not designed to be adopted by an internetpopulation?
Uno provides a real solution here. I am personally not holding btc because i know when it crashes below 300$ despite the paypal news it may very well crash back below 100$ in which case the fail will become obvious and people will switch over to unobtanium then because that is fit to be a currency aswell (fair start, good distribution, small and fast chain, well done, no premine, not greedy dev (he did it for free/donations) etc). Uno is basically bitcoin on steroids and will take its place in case of a totally failing bitcoin due to an shortsighted halving schedule.
It's not even a point of discussion if the bitcoin halving is flawed or not. It is. This is the internet. Can't halve only every 4 years. This shit will never get off the ground if it dumps now on paypal news. Just sayin'. Switch to Uno.
Bitcoin may very well decline until it halves in 2016. By then nobody will be interested anymore. Uno provides what an internetpopulation needs: fast halvings, low inflation, solid code.
9*30*3600 = 972.000 new bitcoin since the last bubble. 8%
Bitcoin has an inflationrate twice as high as fiat right now.
It could very likely crash. Why?
Satoshi created the halving schedule according to society (give everybody time to get educated and buy in). He did NOT create bitcoin according to the nature of the internet, where information spreads within days and hours.
The last bubble was a reaction of the net. The information about bitcoin was spreading fast and people were buying. Well, now the inflation is too high and it will be for the next 2 years the same. Holding bitcoin doesn't make sense now.
I am personally holding unobtanium (uno) because that is halving every 208 days - much more according to the net. It is also designed in a way that it could take bitcoins place (sha256 - 3 minutes blocktime). Miners can switch over very easy. Max coins 250k, mined: 191k, mining schedule: 300 years, currently 30 new coins a day. After october 15 new coins a day. 4 and a half months later halving again.
May i ask why people hold on to an inflationary coin that was clearly not designed to be adopted by an internetpopulation?
Uno provides a real solution here. I am personally not holding btc because i know when it crashes below 300$ despite the paypal news it may very well crash back below 100$ in which case the fail will become obvious and people will switch over to unobtanium then because that is fit to be a currency aswell (fair start, good distribution, small and fast chain, well done, no premine, not greedy dev (he did it for free/donations) etc). Uno is basically bitcoin on steroids and will take its place in case of a totally failing bitcoin due to an shortsighted halving schedule.
It's not even a point of discussion if the bitcoin halving is flawed or not. It is. This is the internet. Can't halve only every 4 years. This shit will never get off the ground if it dumps now on paypal news. Just sayin'. Switch to Uno.
Bitcoin may very well decline until it halves in 2016. By then nobody will be interested anymore. Uno provides what an internetpopulation needs: fast halvings, low inflation, solid code.
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