Why isn't this piece of shit worth $0 yet?
It sucks as a payment transfer system (high fees, slow shit)
It's too volatile to work as store of value
70% of the network is controlled by 3 chink miners
It consume more energy than entire countries
It's not even good for buying drugs/illegal shit (Darknet markets leaning toward Monero lately)
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Cos it has a proven track record of security, finite supply, liquidity and transfer-ability that precious metals can only dream about, and the financial system is crashing all around it.
I was holding out for another dip but am now all-in.
Tether and chinks keeping it alive
kek
All in good time. Market can stay irrational than you can stay solvent, but Bitcoin will definitely not remain alive for long.
Because of degenerate gamblers. Eventually Bitcoin will be adopted though. Right now everyone is using Segwit.
Vitalik said that it's backed by nothing, it only has value because people give ti value, like collectibles.
I think it's the most accurate description of BTC. ETH is worthless too and all ICO's are Ponzi scam, but let's concentrate on BTC.
Bitcoin is a savings technology of first resort and payment technology of last resort.
Growing number of people understand this.
That means Bitcoin has already failed
then sell
>alphabet agencies own it
>is hugely used to move money under the table
its here to stay faggot deal with it
Bitcoin is doing better than ever.
hi aviv
Worse is Better theory of software. it's boring and slow, but the most simple and stable
Yes, Bitcoin is exponentially failing to die and just keeps getting more liquid. When does it stop?!
Do you want to tell Aviv something ?
The only thing that matters if you want to store value - security.
So buy gold. It's vastly better at storing value than Segwit.
You dont need to store your Bitcoin in segwit addresses.
and no, im not shilling shitcoins
So what? The ledger operates with people using Segwit, making the whole thing fake and gay (invalid).
because it has lasted over 10 years without any hack caused by the protocol itself its the most secure database in the world right now and has been proven through time and is backed by its hashpower
>
this
Also, should I go all in or hold a bit for another dump? Like come on man that bitcoin has to come down to atleast 8k right?
Time is something you don't have alot of. Everything is happening so slowly and on such a long time frame that you'll either be dead or too old to enjoy it when it finally matures. This system is stealing your time and the best years of your life from you. Communism is the only way we ALL make it.
This is not how it works. Once you have coins in a legacy address and the block matures for a while your coins are safe even in a so called segwit miner steal attack. But then again, this whole narrative is retarded because the price would crash and would put miners in bankruptcy, so there is no Schelling point in attacking segwit.
why do people think a miner can misspend a segwit tx easier than a legacy tx?
segwit rules are enforced by the consensus ruleset. not even a 51% attack could misspend them it would make an illegal block, split and make a new shitcoin.
tldr for brainlets: the attacking miners would fork themselves off and no exchange would receive their earnings.
How is it more liquid when you can't cash out?
wdym can't cash out?
Meanwhile I got 52$ for free. If cuckcoin is giving these and it can be sold instantly, fuck them...
coinbase.com
earn/oxt/invite/y3pchr8j
Correct Answers are:
1 A peer to peer privacy wallet.
2 Orchid’s Ethereum token, OXT, as well as the Orchid app and a Web3 wallet.
3 Multihop configurations between bandwidth providers.
it's the cashie equivalent of chimp out. if you can't "cash out" on bitcoin it means the protocol is locked in and consensus is working as intended.
some cuck made me register for earnings on stellar i was like wtf if i can convert them to bitcoin why not? so that has been weeks ago still not activated and can't answer.
don't bother with this shit folks they just make you watch some propaganda videos of their shitcoin and you get nothing.
the crypto community is like a really shitty fishing village, I'm surprised it's even 9k right now, if it had any adoption at all the price would be absurd
>slow high fees
actually, not it cost less, and moves faster than an actual wire transfer
i lost count of the bitcoin obituaries in 2017