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Topic: The king is already dead. (Read 5095 times)

legendary
Activity: 938
Merit: 1000
June 18, 2017, 11:20:34 AM
Well well,

I announced it before, but now its official: The king Bitcoin is death.

Who killed it? miners with their big fees day after day. its 7 dollars right now and gonna increase day after day.

Bitcoin is no longer suited for small transactions, speed stransactions. Peoples with small account are no longer welcome by Bitcoin miners.

Ethereum gonna be the new king for some months, but he is like bitcoin.
With increasing fees gonna be dead soon too.

When i said dead it means no longer number 1.

And then a third new king gonna came and stay there for maybe years, a king Altcoin with free transactions fees, very speed and secure transactions.

Maybe this king  is already there: IOTA .
With something innovative than the very slow and high fees blockchains system.

It is sure that IOTA gonna be the next king, and from there the real decentralised decade of Altcoins gonna start, with more projects more decentralised than IOTA to try to be the Futur King.

I'm not an IOTA, Bitcoin, Ethereum defender, i dont give a shit about them. my only concerns are a fair,secure, too much decentralised, with no fees coins to be the new model.


Yeah I am not in any side but I think that Bitcoin is already dead too, because of miners' fees, because of new coins that have potential, because of unsurpoting of some governments, Bitcoin is already dead or GOING TO die

That has been said many times and it is a something that has not happened, eventually the scheduled changes happen in one form or another, while the price remains upon  2.5 K means that people still have this as the first option.
hero member
Activity: 630
Merit: 500
June 18, 2017, 07:11:14 AM
At this point, if the King dies, the others won't last long too. The ETH dump already started. I believe some solution will be found sooner or later.
bitcoin currency is now being use at high level and some of our bitcoin society user are calling it as a king of  all other currencies , well its also true that many currencies occurred and died because of less membrane but bitcoin is still unbeatable so we can say in case of bitcoin it will never die infect it will become more popular..
yes the kind is not gong to die. kind will remain for ever. in fact bitcoin is the main currency and people are trusting on bitcoin and therefore the community of bitcoin is increasing. i am sure that bitcoin will be the main currency of all the people of the world.
full member
Activity: 208
Merit: 100
June 18, 2017, 06:09:05 AM
Based on my understanding bitcoin initially gain popularity because of micro transaction low transaction fees and transaction time.Once after gaining trust and widely accepted currency its now using for huge fund transfer from one country to another so bitcoin is aot affordable by common and small investors and enthusiasts
Hope that people will soon bitcoin so that we will have more people enjoy using this cryptos. Bitcoin should be greater than now but it can not because of the high fee and slow transaction. We really need to activate the segwit and increase the blocksize from 1mb to 2mb. If bitcoin rise again, we will have a chance to collect cheap ethereum because people will abandon ethereum to join bitcoin
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
June 18, 2017, 05:00:59 AM
Things may start to escalate dramatically

Not that they are not already, but we may likely have not yet seen the best part of the drama. Personally, I don't really think that there will be a split leading to a hard fork but if things do come to that after all, we will certainly see a merciless war with massive dumps of the other Bitcoin by both sides. So you may picture what the price would look like in these circumstances and to what insane levels volatility might spike in this case. Long term Bitcoin holders won't be happy, I'm not even speaking about merchants

Long term Bitcoin holders are used to insane levels of volatility, if anything it will shake out some of the weaker hands. Merchants don't care about volatility, as they usually instantly convert to Fiat. A merciless dump war is an interesting theory, but I assume people will flock to whatever chain solves the scaling problem most effectively. Scaling, that's the one issue that neither Bitcoin nor any of the alts seem to have solved yet. Not even Ethereum, from the looks of it. If you know of any cryptocurrency that has solved this problem I'd love to hear it. Serious question. I've lost track of the cointless coins and tokens and most of them seem to focus either on anonymity, smart contracts or buzzwords

Litecoin has recently adopted SegWit and Lightning Network

Whether these improvements will actually help to solve the scaling issues in practice remains to be seen though. Right now, Litecoin hasn't yet run into this problem, so it is hard to say how it will scale up in real life. Regarding merchants, they may in fact not care but payment processors via which they receive payments certainly do. As well as users paying with bitcoins, for that matter. What I mean to say is that the receiving party (i.e. merchants and payment services) will have to increase their safety margins to avoid being caught by a sudden surge in volatility. That means that buyers will have to pay more in dollar terms if they choose to pay with bitcoins
sr. member
Activity: 910
Merit: 252
June 18, 2017, 03:26:09 AM
Based on my understanding bitcoin initially gain popularity because of micro transaction low transaction fees and transaction time.Once after gaining trust and widely accepted currency its now using for huge fund transfer from one country to another so bitcoin is aot affordable by common and small investors and enthusiasts
sr. member
Activity: 434
Merit: 250
June 18, 2017, 02:53:40 AM
Well well,

I announced it before, but now its official: The king Bitcoin is death.

Who killed it? miners with their big fees day after day. its 7 dollars right now and gonna increase day after day.

Bitcoin is no longer suited for small transactions, speed stransactions. Peoples with small account are no longer welcome by Bitcoin miners.

Ethereum gonna be the new king for some months, but he is like bitcoin.
With increasing fees gonna be dead soon too.

When i said dead it means no longer number 1.

And then a third new king gonna came and stay there for maybe years, a king Altcoin with free transactions fees, very speed and secure transactions.

Maybe this king  is already there: IOTA .
With something innovative than the very slow and high fees blockchains system.

It is sure that IOTA gonna be the next king, and from there the real decentralised decade of Altcoins gonna start, with more projects more decentralised than IOTA to try to be the Futur King.

I'm not an IOTA, Bitcoin, Ethereum defender, i dont give a shit about them. my only concerns are a fair,secure, too much decentralised, with no fees coins to be the new model.


Yeah I am not in any side but I think that Bitcoin is already dead too, because of miners' fees, because of new coins that have potential, because of unsurpoting of some governments, Bitcoin is already dead or GOING TO die
hero member
Activity: 1022
Merit: 538
June 17, 2017, 06:07:19 PM
#99
At this point, if the King dies, the others won't last long too. The ETH dump already started. I believe some solution will be found sooner or later.
bitcoin currency is now being use at high level and some of our bitcoin society user are calling it as a king of  all other currencies , well its also true that many currencies occurred and died because of less membrane but bitcoin is still unbeatable so we can say in case of bitcoin it will never die infect it will become more popular..
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 17, 2017, 12:44:17 AM
#98
I been over this noobs..

Price means sweet fuck all.
Is a rising ponzi / pyramid scheme "legit" or alive or good ?

Seriously you are THAT dumb people.
Forever you all insist that a coin is successful etc via the market price data.
When in actual reality it means nothing at all what so ever.

The OP here is correct.
BTC is dead.
It's failed.

Unless drastic changes are made it's in a very serious precarious position.

Let me put it this way..
Anyone holding a small amount of BTC won't move it or risk taking a large penalty.
As a "currency" it has in fact failed miserably.

And your favorite Altcoin with the same user base moving coins with it would suffer as well.

I don't think people realize how it used to be vs how it is now with BTC.
It just gets worse & worse.
- It's now more complicated to move money. (a user now has to figure out why their TX isn't moving and then be mocked for not paying a high enough TX fee by BTC assholes)

- It costs a whole lot more than it did in 2013 for example.

- The wait times are simply unacceptable.

If BTC was launched now as an ICO which you all claim is REQUIRED.
It would be laughed off the forum as a stupid failure.

But yeah i have been pointing out the obvious to idiots here for years.
You are blind profiteers.. you are so obsessed with profits you see nothing else.

Market price of a coin is irrelevant.. everything else about it matters.
The most important thing is USAGE and adoption.

3% growth ?
Yeah duh.. there is a surge of shitcoin ponzi aficionado's running in here.
AND they need to buy Bitcoin to buy retarded shitcoins for ROI's.
That is what is fueling BTC's rise here.

I find it amusing we see dipshits say ETH will replace BTC soon.
Only problem is you need BTC to BUY Ethereum scam ICO "fuel tokens"
A rather large paradox no ?

Like i just said.. you all aren't too fucking bright  Cheesy
What would you all do here with out me ?

PS:
Interac eTransfer costs 50 cents to move money.
Supported in more places than BTC and is instant.
Yup ..BTC failed big fucking time !
hero member
Activity: 588
Merit: 500
June 17, 2017, 12:42:02 AM
#97
How is it 7 dollars right now? When I send my transactions the max that i'm charged is 0.001 BTC but usually it's 0.0008 or less. That's $1.6.

Compare this to Ethereum. It's actually more expensive to send Ethereum, as you'd have to pay 0.005 ETH in transaction fees on average and that's around $1.8 right now. Some exchanges even have transaction fees of 0.01 ETH.

Bitcoin is still #1 and will continue to be in the future. Just because Ethereum came close doesn't mean it's going to replace bitcoin, nor does it mean in any way that bitcoin is dead. Good try to shill for altcoins, close but no cigar.
legendary
Activity: 2450
Merit: 1047
June 17, 2017, 12:13:00 AM
#96
Yeah right so go check the history and price chart to see if bitcoin is really dead as I'm posting this there's a 3% percent growth, I have a negative views few in coins that claim that they can and will beat Bitcoin when they are just a clone of the king
sr. member
Activity: 489
Merit: 250
June 17, 2017, 12:07:38 AM
#95
Well well,

I announced it before, but now its official: The king Bitcoin is death.

Who killed it? miners with their big fees day after day. its 7 dollars right now and gonna increase day after day.

Bitcoin is no longer suited for small transactions, speed stransactions. Peoples with small account are no longer welcome by Bitcoin miners.

Ethereum gonna be the new king for some months, but he is like bitcoin.
With increasing fees gonna be dead soon too.

When i said dead it means no longer number 1.

And then a third new king gonna came and stay there for maybe years, a king Altcoin with free transactions fees, very speed and secure transactions.

Maybe this king  is already there: IOTA .
With something innovative than the very slow and high fees blockchains system.

It is sure that IOTA gonna be the next king, and from there the real decentralised decade of Altcoins gonna start, with more projects more decentralised than IOTA to try to be the Futur King.

I'm not an IOTA, Bitcoin, Ethereum defender, i dont give a shit about them. my only concerns are a fair,secure, too much decentralised, with no fees coins to be the new model.



i sujest you to dash is the next and perfect  btc alternative at this time to transfer money very quick transection processing ,low fee im using this methods to transfer money within exchangers,and i hope dash will be next most populer criptocurrency
full member
Activity: 560
Merit: 111
June 16, 2017, 11:58:15 PM
#94
If bitcoin stayed to be expensive in fees and charges then, long live altcoins with low fees and some are free of charge. Death is near to those who dont change the system and keep increasing the fees.. people and investors will walk away surely.
BITCOIN fee same for $1 and for $999,999,999 transactions
BITCOIN for investment and transfer capital worldwide
Also you can read this: https://pastebin.com/ZUxTmR99
sr. member
Activity: 840
Merit: 252
June 16, 2017, 11:35:58 PM
#93
If bitcoin stayed to be expensive in fees and charges then, long live altcoins with low fees and some are free of charge. Death is near to those who dont change the system and keep increasing the fees.. people and investors will walk away surely.
hero member
Activity: 1372
Merit: 564
June 16, 2017, 11:31:05 PM
#92
Well well,

I announced it before, but now its official: The king Bitcoin is death.

Who killed it? miners with their big fees day after day. its 7 dollars right now and gonna increase day after day.

Bitcoin is no longer suited for small transactions, speed stransactions. Peoples with small account are no longer welcome by Bitcoin miners.

Ethereum gonna be the new king for some months, but he is like bitcoin.
With increasing fees gonna be dead soon too.

When i said dead it means no longer number 1.

And then a third new king gonna came and stay there for maybe years, a king Altcoin with free transactions fees, very speed and secure transactions.

Maybe this king  is already there: IOTA .
With something innovative than the very slow and high fees blockchains system.

It is sure that IOTA gonna be the next king, and from there the real decentralised decade of Altcoins gonna start, with more projects more decentralised than IOTA to try to be the Futur King.

I'm not an IOTA, Bitcoin, Ethereum defender, i dont give a shit about them. my only concerns are a fair,secure, too much decentralised, with no fees coins to be the new model.


That the bad thing about people, weve been saying a thing based on what we see not because of what it has been for us. Yes the problem could be the transaction fees, but i think it is not yet bad to have a fees as long as the amount of fees is still fair to us. And our bitcoin withdraw value still bigger than the fees.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 16, 2017, 11:23:46 PM
#91
There will only ever be one FIRST COIN.
member
Activity: 98
Merit: 10
June 16, 2017, 12:37:40 PM
#90
ETH is just a shitcoin (and not really even a coin) with scammy hard forks and ICOs. If you don't like BTC switch to LTC!

I have to disagree that ETH is a shitcoin. I do however think you have a point in your second sentence, another altcoin (not necessarily LTC) could just as easily end up eventually overtaking bitcoin as the dominant coin.
legendary
Activity: 3122
Merit: 2178
Playgram - The Telegram Casino
June 16, 2017, 12:29:18 PM
#89
Things may start to escalate dramatically

Not that they are not already, but we may likely have not yet seen the best part of the drama. Personally, I don't really think that there will be a split leading to a hard fork but if things do come to that after all, we will certainly see a merciless war with massive dumps of the other Bitcoin by both sides. So you may picture what the price would look like in these circumstances and to what insane levels volatility might spike in this case. Long term Bitcoin holders won't be happy, I'm not even speaking about merchants

Long term Bitcoin holders are used to insane levels of volatility, if anything it will shake out some of the weaker hands. Merchants don't care about volatility, as they usually instantly convert to Fiat. A merciless dump war is an interesting theory, but I assume people will flock to whatever chain solves the scaling problem most effectively. Scaling, that's the one issue that neither Bitcoin nor any of the alts seem to have solved yet. Not even Ethereum, from the looks of it. If you know of any cryptocurrency that has solved this problem I'd love to hear it. Serious question. I've lost track of the cointless coins and tokens and most of them seem to focus either on anonymity, smart contracts or buzzwords.
sr. member
Activity: 924
Merit: 260
June 16, 2017, 12:26:46 PM
#88
I will not pray bitcoin to be death as it stands as a gold standard to others coins. Many coins has come up and pronounce that their have come to berry bitcoin but the end of it is always dump. To measure few of them that they promoter has said they coin have come to replace bitcoin because of mining fee and greedy, coins like litecoin, ethereum, creditbit, lisk and ripple.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
June 16, 2017, 11:50:28 AM
#87
Bitcoin, Ethereum and the alts are all part of the same economy. If Bitcoin falls, the rest will too. If Ethereum falls, it will take a lot of tokens with it

This is no longer the case

In fact, it might have never been the case right from the start but we may never be able to find out already. Right now Bitcoin comes quite close if not to its last breath but at least to the end of its current sphere or level of existence. So we have to wait just a little over a month to see how good altcoins can fare without Bitcoin (I mean, previous Bitcoin as we know it today). If Bitcoin splits to the roots, it will become just another coin, so it will be a level playing field for all cryptocoins on the block

Apart from the ETH ecosystem, the fundamentals haven't changed much since the last bubble. Most alts stagnated during the bear market. During the bull run of the last few months most alts went crazy when BTC made as much as a sneeze. I personally doubt that a chain split will make much of a difference, apart from a short to mid-term turmoil. One chain will be treated as the "official" Bitcoin and used by merchants as is while the other will be... the other one

Things may start to escalate dramatically

Not that they are not already, but we may likely have not yet seen the best part of the drama. Personally, I don't really think that there will be a split leading to a hard fork but if things do come to that after all, we will certainly see a merciless war with massive dumps of the other Bitcoin by both sides. So you may picture what the price would look like in these circumstances and to what insane levels volatility might spike in this case. Long term Bitcoin holders won't be happy, I'm not even speaking about merchants
sr. member
Activity: 242
Merit: 250
June 16, 2017, 11:33:44 AM
#86
ETH is just a shitcoin (and not really even a coin) with scammy hard forks and ICOs. If you don't like BTC switch to LTC!
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