Imagine if Bitcoin was released today:
>7TPS
>slow as fuck
>network chokes under slightest volume increase
>expensive to transact
>slow as fuck
>some user named Samoshi Yoshimoto owns 5% of the supply
>can't scale for shit
>slow as fuck
Who would buy it? Seriously.
ur mom would after i pound her stinky pussy
yet every other coin responds when we see a somewhat significant increase in it's value, plus it's still here. what exactly are you getting at? are you mad that horses still exist when cars go faster? I get it, I could have been a millionaire a few hundreds times over if I wasn't an idiot with my BTC, but it's still relavent regards of it's lack of scaling and intentional knee-capping by blockstream.
Kinda sounds like just another ERC20, desu
BTC has the FMA, not going away.
It might see further upgrades though.
what other coin has a 10 year story of being one of the best performing assets?
10% of the hashrate that is invested in bitcoin is enough to make all your worthless shitcoins go down to zero. 51% attack your worthless garbage all at once. go fuck yourself shitcoiner, you had 10 years. cope
>homo fag voice:
>what if it was just 7 tps.
>blah...blah...blah
you sound gay and poor
kys fag nigger.
the fact is it's decentralized
you're erc token has some shady founder who won't even reveal his linked in
or worse, serg controls 60% of the supply
only newfags disrespect the king
This
it will be flipped eventually because they will never switch to pos
PoS is a centralized scam you stupid dumbfuck. holy shit why arent you fucking useless retards washed away from crypto once and for all
please fucking dump this market down to 3 digit bitcoin so we can get rid of all you dumbfucks
>he unironically thinks pos isn't a peace of shit
oh user, proof of work is the only thing holding the ETH ship together at this point.
miners seething
I would not, but I probably would 8-9 years later, knowing me lol.
For the good of the planet PoW must end. Simply too much wasted energy.
nice get, though i'm not a miner. you gotta understand the incentives behind PoW are superior to PoS.
and that's fine for a shitcoin like ETH thats not trying to be anything.
But for a hard money like Bitcoin, PoW is the gold standard for security.
Energy is not used, nor is it "wasted," is it merely harnessed, for energy is a form of matter which cannot be created or destroyed.
PoS is what gives the yield incentive. PoW gives miners incentive to dump the coins they mine to pay the cost of operation. ETH has the ability to create many different incentives and thus offer diversity. BTC does absolutely nothing.
is right you know, you cant cheat reality, something needs to be given up in order for verifiable security (POW). PoS just means whoever has the most eth gets to stake more and verify more, the system is based around early adopters who already own most of the ETH.
>cannot be created or destroyed
it can be turned into useless heat and radiate away
great and mighty jupiter
i offer you .025 btc in 2025 if you make this ugly fag get his teeth smashed out and let him be killed in the street.
he is a repulsive nigger fag. please let his mom be raped by dogs and set on fire. for this i offer a .001 btc bonus.
if you kill this nigger and let him suffer deeply,
mighty jupiter i will praise your name and sacrifice to you.
Not a fan of PoW, but PoS is just wrong.
The rich will get richer and semi-centralisation goes against the principles of crypto.
BTC could be improved to increase the TPS, but the energy problem isn't BTCs problem. Go nuclear.
This is completely stupid, you do realize the security of PoS is based on people who own most of the eth, if anything theres a bigger incentive for people to behave maliciously, with PoW you don't delegate trust in anyone, and the 51% atk with BTC is a meme, no one would risk millions of dollars for a faint chance at a double spend, its more expensive to attack than be a good goy in the BTC network hence its superiority for incentivizing good behavior you absolute retard
>whoever has the most eth gets to stake more and verify more
pow is the same. whoever has more compute
Except anyone can join in and become the next biggest miner, this is nothing alike. ETH tokens are created out of thin air at the start, and whoever has most of them gains network ownership for literally nothing. Just because china is the #1 farmer in BTC right now doesnt mean next year they will be, it's a literal free market in BTC.
>the system is based around early adopters who already own most of the ETH.
And BTC is based around whales who are the only ones that can affordably use it. That's not even mentioning the fact that BTC has done absolutely nothing to oppose the centralization at the exchanges.
shut the fuck up greta. if you knew anything, you'd know that bitcoin mining is done in remote areas and places where energy would otherwise be wasted. fuck you faggot.
None of what you said shows any reason as to why miners would have incentive to hold instead of liquidate the coins they mine.
Manipulation is the oldest and poorest attempted FUD for BTC, you do realize literally everything nowadays is being manipulated one way or another, stock markets, fiat currencies, crypto, literally everything. Except with BTC as the relative price increases the ability to manipulate decreases as it gets more costly. BTC is just the network, whatever people do about exchanges and what not is up to them what point are you making? exchanges are not part of the BTC protocol that is an outsider issue (dexs will eventually come to fruition anyway so I dont even know whats the issue)
China manufactures all the mining equipment. Good luck overtaking them in being the largest mineers.
Very strong dino coin
Youre asking a different question. The whole reason miners even got started is because they're opting out our current financial system, yes they need to liquidate some BTC for running their operations but please do cite me on miners not accumilating BTC? Everyone knows BTC is the only provably secure money in the world that has ever existed in human history, and to say thats worth "nothing" is completely ludicrous.
Based
The same group that had the ability to crush silver speculators since the 70's is the same group that will take BTC hodlers to the woodshed. You fools don't understand what the fight truly is.
Your point is ridiclously shallow, you opt out of BTC because you THINK chinas manufacturing with ant miners will ALWAYS be number 1? You're literally arguing the point that china will always have the BEST hardware? Come on you're not even trying at this point you are claiming to predict the future will always be in china and I need not even explain the stupidity behind fortune telling.
You call us fools but don't understand the point of BTC. The fight has always been with manipulation of money via fiat issuance of debt notes and manipulating the debt notes with monetary and fiscal policy. Good luck trying to manipulate BTC as the price gets higher while printing fiat to oblivion will not magically result in hyperinflation
>The whole reason miners even got started is because they're opting out our current financial system
You have zero proof of this. The reason large miners do what they do is to make money. They aren't revolutionaries, they're businessmen.
aww, it's retarded
your argument is not much better. you're claiming whoever has most eth will never sell. that's just as unlikely as china being number 1 forever. in the end i don't see much difference, it's whoever has most money to either buy eth or gpus
Fiat manipulation is in part due to the suppression of gold bullion. If you don't think that suppression is part of the fiat manipulation then you're an idiot. Gold is manipulated through the FX markets and exchanges. Just like BTC is trending toward. You new people are just new people. Good luck.
BTC is functionally dead. Fact.
that's the beauty of Bitcoins proof of work, miners selling their bitcoin has no effect on the overall security of the network.
But in Proof of Stake, this can eventually lead to centralization of coins and therefore consensus in the hands of a few small whales over an extended period of time.
Centralization is the death of a blockchain longterm, and with there being few archival nodes for ETH running today, I doubt ETH will survive longer then vitalik.
pic is to demonstrate that there are no mods on this board.
Just a troll I will no longer reply
Controlling the network is the ultimate incentive for any of these systems so my argument is pretty good. The difference is one can be replaced while the other wont (what is the incentive?) you do realize just because you're a miner it doesnt mean you can manipulate the system, the nodes verify the block proposals from miners not the other way around.
ETH network ownership was created from nothing (issuance of tokens) while BTC mining can be swapped in and out by independent people.
I have a feeling not many people even truly understand how BTC works and the whole "energy waste" meme has been perpetuated by people who do not even know how network consensus works
kys degenerate pedo
ETH in functionally dead. Face.
see how retarded saying something like that looks?