Topic: Bitcoin is dead, long live ... what? (Read 444 times)

Bitcoin is dying, it is not surviving the NFT attack. The mempool is permanently clogged with ordnials, and the developers don't seem to have any resistance plans.

Any other opinions, advantages, or disadvantages of these 3 currencies?

Somehow some people think Bitcoin will die because I don't think Bitcoin will die easily,
regarding the market it's better to react by staying calm and when it's bullish everything will go up,
I hope people don't have to worry too much.

If the btc price will death then crypto market will death surely so we couldn’t said that. Bitcoin alive always and you should wait still start bull market so never nervous for price. You may know bitcoin price unstable so how we could expect always up! Anyway if crypto market will received millions investors then the price of bitcoin will rising.

Bitcoin is dying, it is not surviving the NFT attack. The mempool is permanently clogged with ordnials, and the developers don't seem to have any resistance plans. Even here, at these forums, there a lot of trolls writing dozens of layers of abstract nonsense in support of ordinals and totally ignoring the fact that normal payments with bitcoin have become impossible, as simple as that.

It's been a few months now, and there are no tiniest signs of recovery. That was it. I'm going to exchange my bitcoins to another cryptocurrency now. Since I am switching currencies anyway, I want to choose a good one, preferably eliminating the other problems bitcoin has (apart from ordinals), and not gaining more problems. I think I'm not the only one here who thinks about the same ideas, so I am creating this thread.

Specifically, for me at least, "a good currency" means the following:

1. Decentralization, at least the same level as bitcoin has.
2. Open-source, preferably with a package available in one of the major linux distributions (this ensures at least some level of information safety).
3. Privacy must be better than bitcoin has. Mixers are a very weak point of bitcoin, making a lot of centralization necessary.
4. A strong anti-NFT position of developers. After switching currencies, I don't want to face the same problem I escaped from.

My own research:

I found 3 popular currencies that (apparently?) meet these criteria, more or less: dash, monero, and zcash. As for open-source, they all have sources available for download, but the only one I found in a major official repo was monero, in debian. On the other hand, monero still looks "beta" in the sense that the version number starts with 0, unlike with dash or zcash.

Speaking of privacy, I see some contradictory information. Sometimes I see claims that monero offers better privacy, sometimes I see claims that monero "mixes" your transaction only with transfers of the same or similar amounts, while zcash "mixes" your transaction with many more others. Does anyone here know better or more precise details?

Speaking of NFT, I could not find any specific information about dash or zcash. Monero seems to resist. It looks like they have limited "the size of tx_extra" (if I understand correctly, this is some kind of "comments" field, and this was what the NFT attackers used against bitcoin) to 1k (https://github.com/monero-project/monero/pull/8733), hoping that this will eliminate NFT.

Any other opinions, advantages, or disadvantages of these 3 currencies?

These are completely baseless. It's hard to understand how I see people talking so much about this when many people themselves are still investing in bitcoin. If you are afraid, why not go back to other investment channels such as gold, stocks, ... but just invest in bitcoin. Complaints less, let's look at the reality and see how bitcoin has maintained the blockchain for more than a decade. So while its fate is uncertain, let's see how it develops further into the future.

I don't understand why would people still think that Bitcoin will die or Bitcoin is dead when there are absolutely no signs of anything like that. Is Bitcoin's price going down constantly? No. Are people abandoning Bitcoin and switching to other alternatives? No. Are industrial investors withdrawing their investments from Bitcoin? No. Since none of these are true, I don't see any reason for people to think about that.

People need to understand that Bitcoin is not going to die, it is here to stay for at least a few more decades, we don't know what might happen in the future because there can be better technology but for now, there is none, so nothing can replace Bitcoin for the time being.

It seems that those who say this are afraid that it will actually happen so that maybe the investment they have made will be lost, but is it actually possible for it to happen? it's always possible if there is a substitute that can provide more than bitcoin, so many people switch from bitcoin. but if there is none then when the price of bitcoin decreases it is certain that many will buy it, then bitcoin will not disappear.

Still no answer to the original question about comparison of the three altcoins. Is this an altcoin forum or what?

If you all think bitcoin is able to resist the NFT/ordinals attack, why don't you go to the main forum, where the attack is discussed? There, some people at least understand the threats it poses (although still no signs of resistance). Maybe you can offer some approaches how to resist the NFT attack if you think it can be overthrown?

I've been hearing or reading those lines for so many times.
I couldn't count how many times Bitcoin has died now ever since I got into crypto community.
If we would look at it there would always be some crypto that would fit on Bitcoins flaw but that doesn't mean that it would take it's place.

I also don't see any death from bitcoin, currently the crypto market is sluggish but development can still be done.
so shouldn't call bitcoin dead, because this is just a decline phase.