You have to drop your BTCs

Lightning network failed. This was apparent in 2017.

Eth already has zk roll ups, plasma, and will soon have optimistic roll ups. People just need the incentive to start using them. My guess is within 6 months most traffic is on roll ups. Loopring, UNI and others are coming up with things to get most tx on layer 2.

There is more btc on eth than lightning network. Let that sink in brainlet.

1/ Bitcoin it´s slow, expensive, not private and easy to manipualte. It has too many potential pitfalls to fall down. For example;

>Miner regulation. The location of every bitcoin miner can be found and these miners will eventually be regulated by the government. There are articles on why this is likely.

>Coin distribution. Satoshi, his friends and early adopters hold a massive stack. More than 10% of the entire supply. If satoshi or any of the earliest adopters chose to sell, the market would panic and crash. Because of loss in confidence. Combine this with institutions holding more and more, further centralizing coin distribution.

>A lack of usecase. Bitcoin has too few usecases to rest on and fall back on. Speculation/gambling is by far the biggest usecase. When this usecase loses momentum and dies down, it has no attractive usecases to fall back on. A crypto should have as many usecases as possible. Broad usecases are a force against centralization and manipualtion. Almost every system trends towards centralization, and this will likely happen with bitcoin as well, because it doesn´t offer enough usecases.

>Undercutting and selfish mining problems when there is no block rewards. There is a good research paper written on this by Princeton university. Undercutting and selfish mining might become a big problem, and definitely more likely without block rewards.

2/ >Coins being lost forever. 4 million coins are alreadt estimated to be lost, and this number increases with thousands of bitcoin every week. In the end, there will be very few, if not any bitcoin left in circulation. This ties together with the lack of usecases problem. When eventually a large portion of the supply is lost or locked up in funds, liquidity will drastically decrease. Bad liquidity is very bad for speculation, which is the main usecase of bitcoin. Price will likely be even easier to manipulate and more volatile, not less, as some people like to claim. In the very long term, there is likely to be zero bitcoins left in circulation, rendering the network useless.

>Competitive cryptos offering more value: Other cryptos innovate at a much faster rate than bitcoin, so these other coins will grap more attention and hype in the future than bitcoin does. This will drive speculation and money into other cryptos, and drive money and speculation (BTC main usecase) away from bitcoin.

>Off chain transactions: More and more transactions will likely take place outside of the bitcoin blockchain, because of wrapped btc and such. The possibility to transact a wrapped bitcoin on another blockchain will drive traffic away from the bitcoin blockchain and miner revenue will decrease, and therefore the security of the network. Transaction fees will over time trend towards zero, which will lead to whoever uses the bitcoin blockchain is paying for the security for the rest of the network, leading to even more off chain transactions, and increasing the likelyness of undercutting.

3/
Bitcoin doesn´t have enough usecases to anchor a wide variety of different players using the coin for different things. This will lead to centralization and manipulation, and it will never become a robust currency. Other cryptos will grab the attention and the hype in the future, taking that away from bitcoin. Bitcoin has not proven to be a good store of value or a good currency. It needs more usecases, but other cryptos can offer much more value in the future. Conclusion; bitcoin will eventually go to zero given a long enough time frame. In 100 years, most of the supply will be lost forever, and liquidity wil be low. Each satoshi needs to be worth a lot of money, which proves that it´s not an robust currency if it relies on this factor to succeed. Lightning network also intoduces another mix of problems that I won´t delve into here.

On the Instability of Bitcoin Without the Block Reward

cs.princeton.edu/~arvindn/publications/mining_CCS.pdf

economics of “proof-of work” in cryptocurrencies

bis.org/publ/work765.pdf

medium.com/block-digest-mempool/things-bitcoiners-dont-want-to-hear-33823c2e984

bankless.substack.com/p/btcs-monetary-policy-is-overrated

All bitcoin does is waste wealth on mining. To make a profit on bitcoin you have to scam someone into buying it from you higher. That person is then in the same situation. Bitcoin doesn't generate any wealth, it destroys it. This means any individual profit must come from someone else's loss.
It's a financial trap for the masses on par with payday loans, just more obfuscated.

Ethereum is going to be the global financial platform of the future and eth is a share in it. Staking is going to generate income, making it a positive yield allodial asset - the only one of its kind, as only governments are able to hold allodial titles to other positive yield assets today. You are free to stay away, it doesn't need you.

god this shit gets my dick hard. I hope 242 Ethereum is enough to make it in the future to come

Now this is glowing.

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When bitcoin supply dries up like you say exchanges will just repackage bitcoin into satoshis. You wont be trading bitcoin on exchanges but satoshis. Obviously it is the same thing but instead of buying 0.00000000001 bitcoin you will buy 1 satoshi.

My hands are welded on btc. The marketplace of currency ideas only has room for 4 currencies in the current market; BTC, ETH, Gold, and Norweigan Krones. RNB and USD are dooooomping all the way to the bottom.

Thanks I just sold all of it

COPE more

The guy is utterly clueless. When it comes to a sound and secure store of value, less is more. We are still so so early early here.

*launches eth2 with no features*
baste scammers

USDC isn't only on ethereum

Iykyk ;;;)))

If this is cope then it is some of the most well thought out and articulated "cope" I've ever read Mr. Sneeder.

FUCKING SEND IT

What does norwegian pastries have to do with money

>perfect
>allowing literally every kike in the world to see every single satoshis movement since it was created
No.

If you arent all in bitcoin then you dont understand bitcoin

gonna buy some bitcoin on the dip soon, is this a good idea?

Chainlink bitches

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muh not enough usecases.

coin.dance/#summary

thinking BTC will survive two more halvings...NGMI

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is litecoin still good?it uses lighting network?

>enjoy the gas prices
tried sending any btc in the last week?

Wow this news really helped pump eth. Look at the 2 percent dump

Correct, I don't know much about losing all of my money or watching it evaporate from 20k down to 3k and then take 3 years to recover. Have fun

> decrypt.co/45751/solana-ethereum-usdc-stablecoin-defi
USDC will be used on Solana for maximum scalability and efficiency in cost

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There is no other way, than to provably "waste" energy. Every system is proof of work. The only difference is that Bitcoin is the most formal one. Meaning, that the cost of the work performed to secure the system is almost 100% the cost of the value of the system (difficulty adjustment).

Prove of stake devolves into an informal, implicit prove of work. This can be proven logically.

The legacy fiat system is also prove of work, whereby the "miners" have to secure the system by maintaining military might and occasionally project its destructive power somewhere onto the globe. This is the most wasteful and least formal system.

go back to twitter, noob. ethereum is premined meaning you are trusting that everyone involved in the pre-sale was a good little communist and didn't anonymously buy 50% of the 70% supply that was premined. Eth is also inflationary at the moment (and the fact that the inflation rate can be changed on the whims of the devs is evidence of how centralized it is) btc is unironically digital gold. In the real world (not whatever corner of the internet you came crawling out of) nobody gives a fuck about smart contracts or web3 or whatever the fuck, they care about preserving their wealth in a time of rampant quantitative easing.

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