Maybe crypto is like PMs where gold is still king after thousands of years.
Bitcoin is more like aluminum than gold. In order to transfer value it takes much longer and costs vastly more than any other crypto of comparable monetary function.
It remains to be seen whether a settlements network can be salvaged from the ashes of the house Satoshi built and the core team burned down. I would not invest in bitcoin now, simply because it is not useful now, and I have no confidence in the salvage crew.
Bitcoin should and I hope, will survive. Its robustness (anti-fragility) is legend and so it is and will be for some time the standard bearer for all crypto.
A blind, arthritic and demented standard bearer does not seem like a good thing to me. Lack of utility, if it persists, will surely bleed its value inexorably down. I hope I am proven wrong because the wake of a sinking titan can capsize numerous lesser vessels. Even a sound one will be tossed brutally in those swells.
Let's remind our lurkers exactly how much credibility you have in the Immanent Death Of Bitcoin Prediction Department by quoting (in the context of my own) some earlier prognostications of yours.
"Personally, I think s2x will be the longest chain, because BTC hash rate will be inadequate to keep up."BTC hash rate responds to economics. Within the incentive structure designed by Satoshi, as tx fees pile up and compete "inadequate" hash rate is a self-correcting problem.
Users will use the chain with lower fees, where you can actually get a confirm before your beard turns white. Core will suffer a massive difficulty bomb, and if 80% of the hash is on s2x, it will take 4x longer to get a confirm. Also, there will be more xns in an s2x block, so miners are incentivized by the total fees, even when fees are only ~50% of the fees on core.
Bitcoin is working better than ever, according to the numbers published at
https://dedi.jochen-hoenicke.de/queue/#all.
BTC fees are at or near zero; getting a confirmation is fast and easy (just as Core and I predicted would happen once segwit and tx batching gained sufficient adoption).
None of your panicky, breathless, baseless FUD about "muh
massive difficulty bomb" and whatnot came to pass. Nobody except Jihan and Roger's r/btc shills even care about Bcash and the other attack forks these days. Such virtue signaling anti-Core outgroup castigation has proven irrelevant, just like your melodramatic maudlin pouting and weeping about "whether a settlements network can be salvaged from the ashes of the house Satoshi built and the core team burned down." Do you really think Honey Badger gives a damn about that kind of hand-wringing fretfulness?
If s2x had actually activated, its network would have instantly imploded due to a critical bug left unmitigated due to poor testing. But there never was even a single s2x block, so your "longest chain" prediction managed to fail on an impressively multi-ordinal (theoretical+empirical) basis of compounded self-propagating errors.
You are correct on one point though...."A blind, arthritic and demented standard bearer does not seem like a good thing to me."
That's precisely why you are hereby demoted from 'Sage of the Monero Speculation Thread' all the way down to 'Bitter Bigblocker BTFO By Blockstream.'
