Topic: If BTC really survives over the next days... - page 4. (Read 6196 times)

Quote from: Hazir on May 19, 2017, 04:54:31 PM

Why wouldn't it survive, am i missing something?

Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.

I merely stated the fact. This is no doomsday scenario nor FUD. Something needs to be done fast - and this is what we all need and wait for.
Actually, I think that increasing number of unconfirmed transactions is a good thing - under pressure miners will be more prone to act and find scaling consensus already.

This is precisely the type of FUD I expect from Core-bois. Pressure to adopt Segwit "or else". And it's a logical reason Core would spam the mempool to hell.

Another solution would be to start dropping the spam transactions.

epitome

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How much more rally are we going to see with bitcoin,i would like to see the price crossing $2000 with this rally and it looks like all the alts are moving up and ETH is having a good rally right now and it could also break new price records on its way as i expect a good return in a weeks time.

dejavvu

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Quote from: dejavvu on May 19, 2017, 04:47:34 PM

Quote from: dejavvu on May 19, 2017, 04:47:34 PM

Why wouldn't it survive, am i missing something?

Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.

I merely stated the fact. This is no doomsday scenario nor FUD. Something needs to be done fast - and this is what we all need and wait for.
Actually, I think that increasing number of unconfirmed transactions is a good thing - under pressure miners will be more prone to act and find scaling consensus already.

Look I'm not single-handedly calling you out. I meant in general. We have been going over these scenarios since the inception of BTC. I get it, people love drama, tension and all but a lot happened since then. MTGox, Silkroad, ETH hack whatever. Where we are now is that BTC is too big to fall. That does not mean It can't ever fall but it won't fall easily and even if it does what really is the problem. The idea will stay. We are now living in a world where we need crypto some way or another. Some solutions will always come up be it BTC related or not. In BTC's case i'm sure they will come to an agreement sooner than later.

Hazir

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Activity: 1596

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★Nitrogensports.eu★

Why wouldn't it survive, am i missing something?

Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.

I merely stated the fact. This is no doomsday scenario nor FUD. Something needs to be done fast - and this is what we all need and wait for.
Actually, I think that increasing number of unconfirmed transactions is a good thing - under pressure miners will be more prone to act and find scaling consensus already.

dejavvu

member

Activity: 75

Merit: 10

Why wouldn't it survive, am i missing something?

Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: Baofeng on May 19, 2017, 04:10:55 PM

Why wouldn't it survive, am i missing something?

Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

dejavvu

member

Activity: 75

Merit: 10

Why wouldn't it survive, am i missing something?

iluvpie60

hero member

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Merit: 500

Why wouldn't it survive over the next few days? I don't understand why you ask that???

Of course it is going to survive lol. Just because bitcoin leadership is slipping and getting chaotic doesn't mean much. Eventually they will have to cave in to what the community wants.

bibiqua

newbie

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bitcoin is already the king of crypto world?

Be aware, that quite a number of kings have been decapitated when they failed to do their job properly.

Thanks for the brilliant analogy!

Baofeng

legendary

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Quote from: megynacuna on May 19, 2017, 12:46:10 PM

...it will prove it's the king of crypto

What proof do you really need to see that bitcoin is already the king of crypto world? $3000? $5000 price? I think bitcoin has nothing to prove anymore. Accumulating it as investment or store of value more than any altcoins makes it the most trusted crypto right now.

nviere

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Quote from: Porfirii on May 18, 2017, 07:42:55 PM

New ATH: >1.900 USD

Wink

Guess it's proven to the OP already because we are a little short of the dream $2000. A weebit more and then we head for 2k+

Even if the price evolves beyond that point, there is no way of predicting what the new bottom is

skorupi17

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Bitcoin is indeed the king of crypto currencies ever since and up until now. Days will not suffice to make bitcoin down on its knees. Bitcoin has been around for years now and it has proven its strength despite of all the issues it encountered and currently dealing with. Bitcoin's price might drop but it will take more than that to stop bitcoin. Transaction confirmation may be too long but it is not enough to turn people away from bitcoin. Surely, as the people demands for bitcoin, developers will compromise and resolve these issues.

megynacuna

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Activity: 756

Merit: 253

Quote from: Porfirii on May 18, 2017, 07:42:55 PM

New ATH: >1.900 USD

Wink

Guess it's proven to the OP already because we are a little short of the dream $2000. A weebit more and then we head for 2k+

TheWallStreetCrew

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I can say that in the off chance that bitcoins leadership starts to slip, it would probable happen fast because over a short period of time once it crosses the point of no return. That's said it wont die there are way too many die hard supporters.

lighpulsar07

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...it will prove it's the king of crypto

well it already proved that btc is still the king of crypto why? bitcoin is still dominating and holding 50 percent of the whole market capitalization of cryptocurrencies despite of it's issues regarding scaling, spam attacks and the increasing miner fees. although it's quite alarming that bitcoin's dominance are reducing time to time i think it's time to solve the issues and make bitcoin great again

MiguelTheMVP

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Quote from: ufaiz50 on May 18, 2017, 11:14:37 PM

...it will prove it's the king of crypto

Bitcoin will never die. Bitcoin will be always the king of the cryptocurrency and no altcoins can beat bitcoin. Because of the power that the bitcoin have, it is the always no.1 cryptocurrency.

AjithBtc

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Vave.com - Crypto Casino

...it will prove it's the king of crypto

a surviving crypto over the next days will be king? btc, eth, xrp can do that and they have no signs of death. I think that can't be a standard for the title of king. who knows when bitcoin will also have many problems even today many people complain about slow and expensive bitcoin transactions.

What's been mentioned were the problems that got arose long back itself. One thing that gives the perfect growth is the adoption of bitcoin. Though there are negative statements higher than positive statements for bitcoin the adoption keeps counting. This surely make the bitcoin to survive long without death.

ufaiz50

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