Why should WDC be a better option, just because of the faster confirmations?
Topic: The Scary future of BitCoins - the Death? - page 4. (Read 6596 times)
So why exactly do you think bitcoin is going to die
Why should WDC be a better option, just because of the faster confirmations?
Why should WDC be a better option, just because of the faster confirmations?
dump that worldcoin crap , get litecoin and bitcoin and hodl for years.
Hello,
Now let us put out some facts here.
As I am writing this article, bitcoins are mined 12,425,475 coins. The total coin supply is 21,000,000 BitCoins. This means, roughly 60 % of the coins have been mined already and only 40 % is left.
Given the fact that the mining hardware/mining contracts are quite expensive together with the rising difficulty I see the long term future of bitcoin very dark.
BitCoin has been marketed that the transactions are very cheap compared with Credit Cards or traditional bankwire charges (which are always charged from the buyer in form of higher price). People are not used to donate too much when they buy things. In general, people are stingy.
If some of them donates or, let's say everybody is forced to donate, it brings the total buying cost up. Then there is really no reason to use BitCoins instead of regular fiat money.
To be honest, I am worried about the future of BitCoin. This worry lead me to altcoins.
Here is my story, I have always been worried in inflation and governement. Before btc I was in gold and silver. Now as I have studied bitcoin a little deeper, I became really cautious and fearful.
In BitCoin I love the limited money supply, it is just awesome. However, I am not seeing long future for BTC anymore. It has been good more or less from 2009 despite some downs along the way.
This fear of the death of BTC lead me to find another crypto (cryptocoins are the future - but never the first invention in technology will be the final solution). I studied a few worth of studying - I did not study them all (I guess the total number of different coins is 100 roughly).
I found in my research WorldCoin. I bought some, actually I have a large bag with WDC. I see it will be taking the place of WDC as the ultimate crypto as long as its mining is not profitable anymore. Then I will search another crypto but until this, I think the transition should take place. I might be a little bit early but I wanted the best price and the price is good now. WDC has proven to take a lot of hits - it is firm currency, the first confirmation takes only 30 seconds (so the possibility of violent maluse is minimal). The transaction is fully confirmed within 60 seconds only.
The money supply is fixed, 265,420,800 coins totally. Only roughly 15 % of the coins are mined already so the future of this coin is quite bright for several years from now. The blockreward is lowering 1 % on weekly basis.
I came to tell this because I am truly worried about the future of BitCoin, of course also my own benefit (I am not doing just favors for free), but to choose the best altcoin is for the benefit for everybody.
I hope my thread will help You in Your transition to the next phase.
Now let us put out some facts here.
As I am writing this article, bitcoins are mined 12,425,475 coins. The total coin supply is 21,000,000 BitCoins. This means, roughly 60 % of the coins have been mined already and only 40 % is left.
Given the fact that the mining hardware/mining contracts are quite expensive together with the rising difficulty I see the long term future of bitcoin very dark.
BitCoin has been marketed that the transactions are very cheap compared with Credit Cards or traditional bankwire charges (which are always charged from the buyer in form of higher price). People are not used to donate too much when they buy things. In general, people are stingy.
If some of them donates or, let's say everybody is forced to donate, it brings the total buying cost up. Then there is really no reason to use BitCoins instead of regular fiat money.
To be honest, I am worried about the future of BitCoin. This worry lead me to altcoins.
Here is my story, I have always been worried in inflation and governement. Before btc I was in gold and silver. Now as I have studied bitcoin a little deeper, I became really cautious and fearful.
In BitCoin I love the limited money supply, it is just awesome. However, I am not seeing long future for BTC anymore. It has been good more or less from 2009 despite some downs along the way.
This fear of the death of BTC lead me to find another crypto (cryptocoins are the future - but never the first invention in technology will be the final solution). I studied a few worth of studying - I did not study them all (I guess the total number of different coins is 100 roughly).
I found in my research WorldCoin. I bought some, actually I have a large bag with WDC. I see it will be taking the place of WDC as the ultimate crypto as long as its mining is not profitable anymore. Then I will search another crypto but until this, I think the transition should take place. I might be a little bit early but I wanted the best price and the price is good now. WDC has proven to take a lot of hits - it is firm currency, the first confirmation takes only 30 seconds (so the possibility of violent maluse is minimal). The transaction is fully confirmed within 60 seconds only.
The money supply is fixed, 265,420,800 coins totally. Only roughly 15 % of the coins are mined already so the future of this coin is quite bright for several years from now. The blockreward is lowering 1 % on weekly basis.
I came to tell this because I am truly worried about the future of BitCoin, of course also my own benefit (I am not doing just favors for free), but to choose the best altcoin is for the benefit for everybody.
I hope my thread will help You in Your transition to the next phase.
Jump to: