Topic: I think the potential of BTC is over - page 3. (Read 6198 times)

Bitcoin is backed by a real big team of experimented peoples, this is not only the first, but by far the best crypto from the begining to now.
already widely used compared to any alt, known, compared to any alt, and with real devoted genius behind the scene.

I dont think any altcoin will never replace BTC !

sorry guys,

Have a nice life !

So you are saying there is Fear Uncertainty and Doubt?  Omg! What should we do?  Should we run around being idiots on forums and r/btc, or should we just let the active developers that are ACTUALLY spending their time working on bitcoin and learning about the technical details take care of things?

Do you think when Satoshi said "decentralize" and "secure" he meant, "Let all the ignorant people that are too ignorant to read the supporting literature drive the project into the ground"?

I feel like by those words, especially "security" he meant, I'm giving the keys to the project developers, don't give the keys to the ignorant idiots.

Stop shit posting.

Are you seriously calling a currency that had fucked up badly, that they had to hard fork several times to repair it.. technologically superior? DASH is an instamined scam; even its privacy technology doesn't work as advertised. Neither ETH nor DASH are technologically superior.

No.

The price is irrelevant. Stop spamming.

Outright lie.

Correction: Almost all altcoins are scam, and almost noone are better than Bitcoin in any way.   

It is not riding on that advantage. These statements obviously show a lack of understanding.

The biggest enemy right now is the 51% contentious HF attack called BTU.

Alex.BTC is wrong on so many points, in so many posts, that correcting him/her/it/them is a big waste of time. They are a delusional idiot with very lacking/impaired knowledge/understanding.

The problem with ignoring and blocking out people that point out you are wrong is you end up a whinny idiot that is frustrated because you don't understand anything. You start to you think your opinion is right because you keep high-fiving yourself and you end up spending your time on a forum telling nobody that is listening how a multi-billion dollar software project, you don't have a hope of understanding, should be run.

Falling of price is always their but you have not seen that even after that fall, bitcoin have rised and now going back to high price. So no one can touch bitcoin popularity even if any altcoin gets lot of attention but still that is controlled by the developer and not by users like bitcoin.

Bitcoin is fully controlled by blockstream right now.       
Some altcoins are scams, but some aren't, and some altcoins are better than bitcoin.         
   
Bitcoin can't keep riding on first movers advantage forever, especially not if this infighting continues.   

We have many enemies outside bitcoin, and we should focus on beating them, but right now bitcoins greatest enemy is the bitcoin community.

I agree with you . The prices have been constantly falling making it weak.
Even people have reduced using bitcoin much. They are looking forward for other crypto currencies as they
 believe they will soon compete with bitcoins

I don't think so. The potential of Bitcoin is still there an majority of the world's population does not even know what cryptocurrency is yet. Even if Bitcoin existed for many years now Bitcoin still has an increasing in demand, to prove it to you it always recover every time it goes down, just like last year when it got down to 500$ but now we are not even done with the 1st Quarter of the year it had reached the 1200$ level. Seeing a price action this big shows that Bitcoin still has a potential to grow.

the potential of a bitcoin would not stop for bitcoin is still being used. I believe there are still many who do not realize that bitcoin is able to have prices above $ 2,000. maybe you can see it becomes possible when the end of the year, as per the end of the year, bitcoin prices will inevitably increase.

Whatever you said, is partially true and I am sure Bitcoin will come out of all these problems and will remain the number one crypto currency. The congestion problem is far more complicated that what we think. Even if I am not a technical guy, but if you look at the some technical topics here, you will understand fully.

Yes, ETH and DASH is quick and probably technologically superior. Probably one of them will become the best crypto currency when bitcoin will not be minable anymore. But till that time, I am confident that bitcoin will remain number one among all other crypto currencies.

Bitcoin may have the price volatility going everywhere on the charts but Bitcoin isn't over. The whole purpose of Bitcoin was trying to make Electronic Currency more well known to people within earth. Bitcoin is just a small step to whatever the goal of the Governments want and that is a single Currency that everyone will have to use.
Banks are working on Blockchains and they don't want to integrate Bitcoin into it because they want to make their own coins and they're likely to merge the Electronic Currency after the NWO Currency gets well known.

Of course for one simple reason. Bitcoin has network effect. That means many people know and want only bitcoin and nothing else.


How do you reach in this conclusion; Namely that it is simple to solve the scalabiity debate? Have you any technical knowledge in this issue or have you involve in any kind of software development?


For many altcoins bitcoin is the only way to transact with fiat money. If bitcoin crashes then many cryptos will die too. If you believe that there are alts which will rise and will take the bitcoin's position I would be glad to read your opinion.

Bitcoin hasn't even reached its peak why kill it again? sure there will be new cryptocurrencies and
might be far more superior to bitcoins software, but bitcoin is still progressing and I'm sure future development
will be made to improve its system.

Many governments and bank sector are showing a lot of interest towards blockchain technology. Bitcoin is only digital currency leading all the other currencies. Of course, many people are kept predicting bitcoin growth is over, we don't know what is going to happen to us. We have to move according to market that's all.

Yes, no one can take the place of the BTC in virtual currency, which I agree, but other currencies than the BTC can do better, this is the development trend of the whole block chain

The 1MB limit IS causing the spam problem, and Blockstream/Core continue to do nothing about it.

Today Bitcoin tx traffic have already reached 1MB every 10mins, since the blocksize limit is also 1MB and you only get 1 block every 10mins on average, spammers can now easily flood the mempool by generating a small amount of tx.

Once the mempool is flooded, tx takes longer to process, users get impatient, they pay more fees, fees go up, miners process higher fee tx first, all the minimum fee spam stay stuck at the bottom of the mempool, they timeout and get deleted before being processed by miners.

If spammers don't set a minimum fee in their spam, the spam will be dropped by nodes before reaching the mempool, but spammer only pay the fee when the tx is actually processed by miners.

So, once the mempool is full and the fee is high, spammer's spam never get processed, spammer can continue to flood the mempool for days paying zero fee.

Blockstream refused to increase the blocksize, so we get huge 50000tx mempool backlog today, because spammers don't have to pay their fees.

If they increase the blocksize, then for every 1MB blocksize increase, we can fit another 2000 tx per block, at 4MB we can fit 8000tx per block.

If normal traffic is 1M and the limit is 4M, spammer have to pay a very high combined min fee to flood a block (min fee x 8000 per block), then, if they continue to spam, any mishap, such as miners get lucky and mine a few blocks quickly within 10 minutes, 'eating' all the spam, then spammers have to pay the fee for almost the entire 4MB spam block.

At 4MB, it'll be too costly for spammers to spam, until normal traffic reaches 4MB and they can flood without paying fee again.

If we increase the blocksize from 1MB to 2MB or 4MB now, it will give room for Bitcoin to grow as well as reduce spam.

This truth is so simple that's why Blockstream/Core have to create all kinds of red herrings/bullshit excuses/censorships/trolls to justify keeping the blocksize at 1MB. If they stop distracting you from the actual and simple problem for just 1 second, you'll immediately find out they've been lying their asses off for years.

The 1MB limit was added in 2010 because tx fee was 0 at the time, the network was young and was growing slowly, average block size was less than 1k, and Satoshi didn't want to see the blockchain full of 32MB blocks filled with 0 fee spam.

You keep hearing all these fuck face morons talking about how SW/LN will save the day, or that we can't keep increasing the blocksize forever, but at this moment Bitcoin isn't even popular enough for SW/LN, the safety limit is above 4MB, we shouldn't even talk about side chains until we have enough tx to fill 4MB blocks every 10 minutes, or 13tx/sec (we are only at 3tx/sec at the moment).

We are having a tx jam right now, so by not increasing the blocksize limit, Blockstream/Core either have absolutely no idea what they're doing, or they're just pricks blatantly lying their asses off.

The BTC has great potential, it has grown tremendously and achieved tremendous achievements, what it has achieved no other currency can repeat. It is the pioneer and the leader of all. No matter what happens, it will never collapse. Perhaps it is experiencing problems, but I believe we can solve it, an experienced king like bitcoin always knows how to overcome difficulties. Other currencies can grow and grow, because its technology is superior, but it can not replace bitcoin. I'm sure about that.

Maybe time can prove everything, but currently BTC problem is very serious

If you think the potential of Bitcoin is over then you have see nothing yet. Bitcoin can be more powerfull than that. Telling it's over, is really under estimate what bitcoin can do with the time

Remind me again which decentralized blockchain has solved the scaling problem? Oh right, noone has.

It's evolving quite rapidly. You aren't looking at the right places.

A bankster banked coin such as ETH, where centralization is favorable and arguably desirable (as it currently is), can easily surpass Bitcoin in terms of market cap. The banks can shove a billion or two directly into the market without blinking. This however does not mean that a coin is even nearly as successful as Bitcoin is.

There is no "direct" relationship; you are making things up. Every coin is going to face the scaling issue if there is adequate demand for it.

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I'm tired of these "pretend newbies" spreading doomsday propaganda. These threads should be locked and trashed if the OP doesn't provide at least somewhat valid reasoning based on science and intellect.