Topic: why bitcoins will ultimately die - page 3. (Read 1995 times)
Uhhh... k.
these lasts months the price of the bitcoin has sharply rised, some users are hoarding but it also rises because more and more people are getting to know bitcoins.
the number of bitcoins is virtually limited to 21 millions, we've got less than 1 million users for now but imagine one day the price of the bitcoins becomes so high that a transaction fee will cost several bucks.
the minimum transaction fee is 0.0005 btc thats currently 0,2 cents per transaction...
that's nothing alright but this is only the beginning, due to its strict monetary policy, the bitcoin will kill itself when the transaction cost will be very high this will refrain a lot of people from doing transactions.
ppl don't realize how dangerous this is, just imagine bitcoin enemies (goldman sachs for example) putting billions into the bitcoin system, this will cause the bitcoin to be worth several thousands dollars, it will kill the whole system
they know it and when bitcoin becomes too popular they will slay it that way
the best way to avoid this catastrophic disaster is to remove any kind of transaction fee, bitcoin mining is a waste of time, who the hell is trying to mine a nanobitcoin? seriously WTF
stop mining, this will cause you permanent brain damage from heat stroke (true)
the number of bitcoins is virtually limited to 21 millions, we've got less than 1 million users for now but imagine one day the price of the bitcoins becomes so high that a transaction fee will cost several bucks.
the minimum transaction fee is 0.0005 btc thats currently 0,2 cents per transaction...
that's nothing alright but this is only the beginning, due to its strict monetary policy, the bitcoin will kill itself when the transaction cost will be very high this will refrain a lot of people from doing transactions.
ppl don't realize how dangerous this is, just imagine bitcoin enemies (goldman sachs for example) putting billions into the bitcoin system, this will cause the bitcoin to be worth several thousands dollars, it will kill the whole system
they know it and when bitcoin becomes too popular they will slay it that way
the best way to avoid this catastrophic disaster is to remove any kind of transaction fee, bitcoin mining is a waste of time, who the hell is trying to mine a nanobitcoin? seriously WTF
stop mining, this will cause you permanent brain damage from heat stroke (true)
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