/biz/ - Business & Finance

it´s over for bitcoin, hang it up guys. You cannot defeat this fud, it´s impossible for bitcoin to win

>>22685612
Smooth brain, let the adults speak. Ur opinion means nothing.

>HAHAHAHAHAH
>ALL FEILDS

>>22685664
COPE

Love how /biz ignores this. Once the narrative of bitcoin as the future currency collapses, it will dump so god damn hard.
I bet the reason for the recent dump, is because of this new research being published

Get ready for a bear market

smart money owns a lot of bitcoin and they are getting ready to exit very soon. Exit before them, not after them. As it will be a bloodmath. It´s just a matter of time before the whales figure out that btc has no future, and they will not hesitate to dump MILLIONS of BTC on the open market.
You have been warned.

in 20 years, 16 MILLION bitcoin will be OUT of circulation. 40 years, 90% of bitcoin will be out of circulation. In 100 years, 95+% will be out of circulation

>>22685987
i can't tell if this is fud or if you are just really retarded but i'm selling just in case

>>22685612
its over

>>22686102
iamgine the big hedge funds when they start unloading on the market, combined with the coming Mt Gox sell off.
Hope yall didnt forgot that mt gox still hold 152k bitcoins that will be sold in october this year. Hahaha, the market will be flooding with bitcoin, and the shitcoins will die, it´s tha plan.

>>22685830
>I bet the reason for the recent dump, is because of this new research being published
retarded indian

>>22686063
it´s going to ZERO idiot. Satoshi will be rememebred as a moron and bitcoin will be rememebred as a failed experiment. Smart money are already starting to exit NOW, and they will not buy back in again. They will take their millions and get the fuck out of crypto for a while. Instead of risking losing it all

>bitcoin is getting fudded again.
>everytime this happens it goes up
October is gonna be great

this is a kind warning to /biz, since you have helped me in the past. We are about to witness the biggest market change in crypto ever. Whales are gonna exit without thinking twice.

Look, it´s dumping as we speak. And it´s not gonna recover this time. It´s dumping because more and more people, especially early smart money are pulling out because the gig is almost up. The math don´t lie, it proves that bitcoin is flawed. And this new research shows that it will collapse sooner than we first had thought.

Last warning, you will see some old bitcoin wallet starting to sell soon.

>>22685612
How is this fud? If anything this is super bullish. Decreasing supply = increasing price.

it might sound unreal, but it´s literally gonna go below $3k soon, and then below $1k later this year, or possibly next year. Depends how fast the narrative collapses. It´s different this time, bitcoin failed to stay above 12k and will soon fall below 9k. Confidence will not go up, it will only go down, and people will panic like never before. You want to sell asap because it´s not gonna go up again. We ave stricter regulations and Mt gox sell off on top of that, so a bull market anytime soon, is almsot impossible.

Screencap this

>>22686490
no one is gonna want your 1 bitcoin, because their will be no revenue for miners and hash rate will collapse super fast in a short time. Bitcoin blockchain will get 51% aattacked after hash collapse, and it will dump to ZERO. This is the only way, it´s gonna go. Tether are printing billions of dollars to prepare for this.

>>22686354
>haha 2020 is gonna be great
>haha this summer is gonna bomb
>ha this september the great bullrun starts!
>you will see in october this time!
few months later
>i-in 2021 y'all gonna see!
Im getting burned out. btc and crypto is the biggest mistake of my life.

I could have 10x'd my money even with the dumbest of stocks in the last 4 years.
Tesla alone went ballistic.

Looks like buttcoiners were right all along.

>>22686531
You can split that single bitcoin into enough sats to basically start over with only 1 BTC circulating.
Decimals are a thing you know..

>>22685612
>in 20 years time, 14 million BTC will be gone from circulation. Do the math, the numbers don´t lie.

yeah, because you can totally just do a linear extrapolation of those numbers
fucking retard

It'll be a 1 million digit stable coin

>>22686580
if you think this is gonna work, you have to do some serious mental gymnastics. 99% of the supply will still be lost. Eventually 100% of the supply will be lost, so decimals make no difference in the end. Volume will dry up, and miners will move to other networks. Your theory also implies that bitcoin will have near infinite growth in price, which is impossible.

>>22686531
So you're saying that if I was holding the last 1 bitcoin in the whole world, I wouldn't be rich? Are you literally retarded?

>>22685612
Eth next king?

What are the odds BSV moons as people exist BTC?

ERG pow mining protocol allows for mining of ergs that has been untouched for over 4 yrs

>>22686683

Are you schizophrenic or something?

Btc doesn't just drain away due to some bug in the code. Its morons who send their coins to wrong addresses or forget their private keys.

Most educated investors are smart enough not to lose their passwords or send to a non working address

PS. Decreasing Supply + Increasing/Stagnant Demand = Higher prices

There will always be a demand for BTC and DeFi especially as interest rates his -%'s and DeFi emerges as a strong inflation and fixed interest vehicle

>>22685855
>As it will be a bloodmath.
Checked

>>22686580
few years back I asked people why they didnt buy any btc and they told me the same answer over and over:
>"cuz I cant bayyh one whole btc"

I lived in a delusion, no one would buy this shit if it went over 20k. hell no one buys it now.

>>22686754
the blockchain would have no value by then, and anyone could attack it. There would be no miners left smoothbrain. You´re bitcoin would maybe have some collectors value, maybe. The blockchain would be worthless, and would already have been compromised, not secure. It actually would have no value at all. Becuse anyone could change it and take the bitcoin from you lol

>>22686948
>´
a chink wrote this

>less btc in circulation
>increased scarcity
>high value

Nigger are you dumb?

>>22686808
smoothbrain. Of course i Know that, but even people that take care of their seeds phrases, will lose it eventually. At least a large portion of them, when they die etc.

Bitcoin has value partly because it´s very liquid. When that liquidity decreases, the value proposition greatly reduces. Liguidity and security is why bitcoin is great, but both those aspects will decrease over time, proven by the math.

>>22685612
Bitcoin has infinite decimal places idiota

>>22687009
this is the typical low iq take on the situation. The demand for bitcoin will drop over time, not rise. The demand will eventually drop much faster then the supply decreases. The demand will eventually drop to ZERO, so it doesnt matter how scarce it is. My farts are also scarce, no one want to store them in a air tight glass and buy them.
Bitcoin demand will go to ZERO, as people see no future in the failed currency. Yeez you people are low IQ.

>>22687033
doesn´t matter. It´s not even practical at all. 99% of the supply will eventually be lost anyway. One satoshi would have to be worth hundreds of dollars, and eventually thousands of dollars, for it to work. If you think this is gonna happend then i dont know what to tell you. Another coin, with inlfation will raplace btc.

bitcoin is only temporary. It has 0 chance
20-25 years, and there will be around 5 million btc left in circulation. Liqudidty and demand for on chain transactions will drop and miners will earn less, and move on. This will of course be priced in much sooner than that.

dump

>>22685612
HOly fucking nigger shit. This is bait right? You aren’t actually fucking stupid? What nigger would read that article. There could be one fucking nigger BTC left and the network could facilitate enough supply for the entire world because you can sell tiny fractions of BTC. I fucking hate niggers and I fucking hate most of you fucking faggots.

>>22687465
low iq take anon. Stop lying to yourself and admit the truth. Bitcoin is fundamentally flawed you moron. If you´re IQ is less than 130, just shut up already.

>>22687465
Exactly this. If I held the last bitcoin in the world I could sell fractions of it to millions of people, getting a fortune for every single fucking satoshi.

>>22687618
you would´t be able to securely transact it to another wallet, so it would actually be wortless. No miners to run any nodes, and verify your shit transaction safely. You don´t even know the basics, do you?

The more scarce BTC becomes, the higher the price will go. Then people will take more steps to not lose their BTC. It's not a prorblem.

OP your anal prolapse is flaring up, get that shit checked out.

>>22685855
>bloodmath

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAFUCKFUCKFUCKFUCKAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22687690
no, it wont´It will suffer greatly from less liudidity and less on chain transactions that will reduce revenue and therefore network security. Smoothbrain. demand for bitcoin will only taper off from here.

Even if retards lose their BTC, most of it will still be held be people smart enough to remember their keys.

>>22687672
Dont transactions include a fee for this exact purpose?

>46 replies
>21 by the op
Cring

>>22686497

how can you be so stupid as to think fudding btc on 4chan is going to make ANY difference to the market price even if every single anon that saw this thread sold? why are you fudders so insanely incomprehensibly stupid?

>>22687863
21 posts
(You)

>>22685612
OMG SELL

>>22687863
Infinite decimal points

>>22685612
I've seen a lot of retard posts but buddy, you are a strong contender for the number one spot.
Too bad you're just shitposting and are not actually 50 IQ.

Now that crypto is becoming mainstream bitcoin doesn’t have a chance with all the darkweb and drug connections. I traded everything a few weeks ago

>>22687465
Or you're a desperate bitcoin cultist that pumped his life savings into bitcoin and your ego isn't letting you see the writing on the wall.

>X amount of bitcoin has been lost to date
>therefore all bitcoin will be lost in 20xx
I refuse to believe anyone can be this retarded, this is obviously a fud piece. Forget about the retarded logic but even if this is true, this is the most bullish thing I've ever seen about Btc.

>>22688574

what difference do you actually think you're making. Explain how you think you're making even 0.00000000001% of a difference

>>22688834
He is doing us a service
Filtering out the dumb and weak.
And wasting his time.

>>22687141
Wow it sounds like you have it all worked out anon....

>>22687932
in the end it will still approach ZERO. Many will be locked in funds and not kept on exchanges, so they will be out of constant circulation = Low liquity

NO ONE is this thread have defeated this fud. Admit that bitcoin will have lower demand for transactions and lower liquidity over time. It´s 100% true, no matter the COPE tactics you tell yourself.

revenue for miners will drop, therefore tha hash rate will drop over time. It´s gonna be the nail in the coffin when block rewrds are phased out, and there is almost no one transacting on the main chain. Simple as that. You fucking dumb niggers cant even do basic math and critical thinking

in 14-18 years time, half the bitcoin supply will be lost. This disaster will be priced in more and more the next few years.

>>22688254
It is more evil than that, these people want you to stay poor and depressed.

>>22689859

why?

>>22689925
Because they hate your race

>>22685830
>I bet the reason for the recent dump, is because of this new research being published

i bet you believe the retarded 'options expiry' and 'cme gap' narratives too. fucking smoothbrain.

>>22685612
You're serious? Diminishing supply is insanely bullish for long-term price.

>>22685612
lol this is like grade 11 calculus-level math right here...

If I lose 1% per day, that does not mean I go broke in 100 days. In fact, if you only lose 1% of your net worth every day, you will never actually go broke (assuming infinite decimal points)

>>22685855
>they will not hesitate to dump MILLIONS of BTC on the open market.

that would push the price to zero and i'd literally buy 5 million BTC at 1 cent.

>>22689635
Your FUD has no power here you fucking retarded chink nigger kys

>>22685612
I lost a few hundred in a hd failure in 2012 so I believe this

>>22685855
>bloodmath
My new favorite word, thanks anon

A more fair valuation of the uniswap token would be a mcap of 30 million. Hundreds of millions is nuts

bitcoin is a shitcoin and every shitcoin is overvalued. 4 million are already lost forever, the clock is ticking. Time itself is working against bitcoin, that is the truth. Why bet on something that is guaranteed to fail? Once block rewards are phased out, miners will have close to no income, so the hash rate falls. Simole as that, none of you can refute this. It´s going to ZERO. 100%

The trend of coins being lost will continue, of course the number won´t crab, but thats not the point u morons. Diminshing supply is not good for btc you utter fool. You can´t have a deflationary currency that can easily be lost forever, it doesnt ass up. You are all fucking dumb niggers with an IQ far lower than mine. Btc will be worthless once the security and liqudidty are gone. It´s all bitcoin got

whats the fucking point of using bitcoin once other blockchains are more secure and more liquid????? Someone answer me. There will be no point to use btc at all. NONE

>>22685612
thanks OP just doubled my position

Based alt coin schizo. Your portfolio must be looking nasty right now op

>>22685612
what are you trying to shill?

>>22685612
>people will be just as careless with bitcoin at $100 as they are when it hits $100k!
shut the fuck up faggot, 90% of coins lost were done before btc was even "discovered"

This reads like a bot thread on /pol/

Bitcoin bear threads when it dumps, bull threads when it pumps.

Can't explain that.

>>22690947
i don´t hold any crypto in this current overvalued scam market, but good try. I sold the top like smart money does, im sorry you´re still holding

no one has defeated my fud. Keep COPING. Bitcoin transaction volume and liquidity will decrease over time, so it has no future. You can´t refute this, and it´s impossible to change.

>>22685612
>It will take less than 40 years for there to be NO Btc left in circulation.
obviously as less bitcoin there is and the more valuable it is less will be lost proportionally.
there was a time when losing 1 million btc was not an hero event just meh.

>>22686531
>because their will be no revenue for miners
uhm... yeah have you actually looked at fees in miner revenue or now?

>>22685612
This is actually bullish more bidgorns lost more scarce they become.
I'm not even a bidgorn believer.

Yeah, there I am again feeding you fucking frens some juicy information on bethero , I am way too kind for sure. Insider here knowing this shit is not a scam and will do 5x atleast first 2/3 days [ $hero ]. I've done fucking $yfms, $myfi, $yfbeam anon, it's not that hard to make it.

1 ETH = 40k HERO 0,000025 ETH per token
Softcap: 300 ETH
Hardcap: 875 ETH
Min: 0.1 ETH
Max: 20 ETH

Uniswap informations
Uniswap listing pair ETH/HERO locked liquidity pool will go live on Saturday 26/09/2020 [19:00 UTC]
Uniswap listing price will be set to 0,000035 ETH per token

>>22685657
>>22685830
>>22685855
>>22685987
>>22686063
>>22686102
>>22686267
>>22686303
>>22686411
>>22686497
>>22686531
>>22686567
>>22686898
>>22686948
>>22687009
>>22687093
>>22687141
>>22687310
>>22687512
>>22687863
>>22688460
>>22688574
>>22689729
>>22689811

>so much fud

I am unironically bullish atm.

>>22691712
transaction fees will trend towards 0, over the long run. Less and less people will over time transact bitcoin on main chain, so less revenue for miners. Tragedy of the commons, will leave the ones still transacting on main chain to pay for the bunk of the network security, so they will after a while stop using main chain as well. Transaction fees will collapse, and so will miner revenue..It´s not substainable at all

if you think people will be willing to pay high transaction fees on bitcoin for many decades into the future, you´re pretty naive. As other blockchains close the gap, bitcoin fees will have to get lower, or it will be out competed. But if transaction fees becomes low and stay low, miner revenue will go down. LN is terrible and doesn´t solve the entire problem

>>22686615
In 40 years time there will be -7 million BTC in circulation. Do you really want to hold an asset with negative value? Idiot

>>22685612
It's not happening for crypto retards, should have bought stocks when you had the chance or sold at the top. BTC struggled to attract more capital and rest of the crypto coins are all scams with little to no value other than minor tweaks which hurt the market beyond saving.

>>22691845
>transaction fees will trend towards 0, over the long run
have you even looked at the fucking charts? or just pulling shit out of your ass now?
bitcoin pretty much proved it will sustain itself on fees easily.

BITCOIN PLUMMETING, BUY NOW LOSERS BUY NOW!

>>22691799
Analyzing charts is basically the astrology of the financial world. It's for retards.

>>22691845
>Less and less people will over time transact bitcoin on main chain
look you fucking retard lightning and taproot are multipliers but none of them work without some main chain transactions.

>>22692070
mmmm muh fiat.

>>22685987
They don't understand this. Bitcoin does not work. It has no future. They think they outsmarted the big wallets with their ponzi scheme but in reality they are just looking for the opportune moment to exit bitcoin and crypto in general without spreading the damage to other markets.

Years after this there will be new scams to invest your coin in with new names like: "Bitcoin v2.0"
"Bitcoin Improved"
"RBTC"
"BBTC"

Again I repeat, crypto is not the future. Bitcoin does NOT work. All it will do after the crash will give even more power to the bankers and they will release their own digital coin when the time is right.

>>22692050
it is widely accepted by the brightest minds in the space, that average transaction cost will trend to close to 0 over the long run.. There is no need for high transaction costs in the future, and chains with low trsaction costs will attract more people over time. I´m talking the next few decades. What has happened recently is just noise and almost irrelevant.

>>22692107
yet, lighting and taproot fucking sucks, and it will fail to attract the bigger crowd. LN is a mess to set up, and it complicates things way too much. Much better to have a good scalable solution on main chain. LN is made and maniulated by a shady centrlized company. AND even if it worked good, it still doesn´t fix the other fundemental problems of bitcoin

>>22692109
Not the same thing retard.

>>22685612
>HAHAHAHAA, buttcoin is fundamentally flawed and has ZERO chance at working long term. in 20 years time, 14 million BTC will be gone from circulation. Do the math, the numbers don´t lie.
That is one reason why monero has a tail emission. Monero.

>>22692552
Monero is not even drug money anymore.

ETHER IS THE FUTURE

>>22692642
>ETHER IS THE FUTURE
More like: ether is a tumor.

BCH and XSN will replace the failed regime of btc

>>22685612
This is actually bullish af

>>22685612
Imagine being so retarded like op that you think this is bearish for btc.

>>22692748
>BCH
just broke another all time low for the xxx day straight

>>22692804
>>22692874
COPE. You presented no counter argument. It just proves that I´m correct. Bitcoin is finished

>>22692404
>it is widely accepted by the brightest minds in the space, that average transaction cost will trend to close to 0 over the long run
on shitcoins yes not on bitcoin there is zero supporting evidence to this case. fuck off!

>>22692804
>>22692874
Deflation is bad for a currency. But btc is not a currency, it is a ponzi.

>>22692923
>Bitcoin is finished

>>22685987
how can you be so dumb? it's like saying china will have 10 billion inhabitants by 2050. it's extrapolating too much without enough information.

>>22692070
lmao ure retarded
everyone analysis graphs thats why the fomo in at lows and sell highs u must be a nigger for not understanding basic supply demand

>35 posts by this ID

>>22693240
here´s one more reply to raise awareness to this important question. Deflation + coins being lost forever = unsustainable

>>22685612
>>22685612
35 posts by this ID

Jesus anon i hope they pay you well

I lost .6 in a wallet i cant find. I am doing my Part!

Please save this thread, this will be great for the 2021 GBR collage, the butthurt for complete idiot fudders will be epic.
21 BTC here, my body is ready, see you in 1 year and 3 months

>>22693490
36 posts by OP. He just really cares about your financial well being anons. He doesn’t have a horse in this race, just wants to do what’s right.

>>22693490
well you are assuming the same amount of coins are getting lost now than 10 years before instead of an ever decreasing amount that lims to zero.

>>22693865
based
>he thinks people will just randomly throw away 15 million dollars a day

>>22693906
actually, Im doing it because I want to see btc burn. I dont even have a short position open. I want to speak the truth, thats my motivation. I dont care about your financial well being, I care aobut destroying bitcoin

>>22693941
the amount of bitcoins being lost will never go to zero. Bitcoins will continue to be lost forever, until there is none left. People die and fail to give their seed phrase away. Of course it can taper off, but thats not the point. Im not assuming it will go down the same

>>22693960
>t. eurofag low level manager that works in some scammy bank doing money laundering, probably bnp paribas by looking at the level of faggotry

>>22693196
Stay poor.

>>22693960
>I care aobut destroying bitcoin
lol, imagine ranting against a monster without head

>>22694163
comfy hodling till im 40y

Bitcoin you have personally lost?
>2ish mistranslated during a money laundering thing for drugs to a wallet I deleted the key for
>50, ran the early bitcoin program in 2009 and thought it was stupid, pretty sure I mined a block.

>>22685612
anon you shouldn’t abuse psychotropics

>>22694014
>Bitcoins will continue to be lost forever, until there is none left
that's not how this works if an ever decreasing amount of bitcoin is lost (because it's proportional to the remaining supply) then the supply never goes to zero. go back to school!

>>22685612
I hold my bitcoin in three different places but yeah, I've thought about it. It could all be lost, easily. If I die, its locked up forever.

I'm actually looking for a solution to this. Some kind of durable power of attorney or living will, or something. Death is the ultimate coin locker. Every day motherfuckers are dying, sucking property including financial and real assets, into a grey area. A lot of people including me have no living will, or anything.

shut the fuck up rajesh and go back to the market, we have all this palak paneer to sell before we can go home

>>22694014
So it will always be worth more because there will be less people selling, bullish imo

>>22696326
I have a smart and trusted friend holding some instructions on how to get my corns and how to distribute them

>>22685612
NOOOOOOO THE SUPPLY IS DECREASING SELL NOW IT'S OVERRRR

>>22696660
no, demand for btc will fall to zero. Once enough people realize it has no future, the narrative will collapse, and it will collapse fast when the big boys start dumping

>>22685612
Shut up, chink

>>22696968
the decreasing supply will make the blockchain less secure over time, and less liquid. Therefore, btc lose the only advantages it has. Bitcoin is gonna become a joke once its not liquid anymore, and volume is super low.

>>22696815
he will probably backstab you and run off with the money, caesar

Many replies, but none of you have defeated my solid argument. I´m waiting....bitcoin is fundamentally flawed, so it´s impossible to defeat this fud

you guys relize this dump will only continue. Small whale sell off today, this will continue for many weeks/months. It´s never going above $11k ever again. Mark my words, you will soon see some of the early wallets selling.

the whales have been planing an exit out of btc for a long time. They tried to pump it above $16k, to sell there, but failed. They have no problem selling at 10k though, or 9k, or 6k or 5k. The big whale exit is coming, and people will be left in the dust.

>>22697249
god you are fucking stupid

>>22697534
still havent defeated my argument. Keep coping with your dying crypto bags. Keep holding while the whole market is ready for a reset. This is not like the other times, this time it i different. I´m on the phone with whales as we speak. Whales bigger than the ocean you´re swimming in small fish

>>22697669
Pills anon. Please take them

>>22697077
>>22697117
>>22697200
>>22697249
>solid argument
more like delusional echo chamber

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

“Impact on Bitcoin security. If any of the deviant mining strategies we explore were to be deployed, the impact on Bitcoin’s security would be serious. At best, the block chain will have a significant fraction of stale or orphaned blocks due to constant forks, making 51% attacks much easier and increasing the transaction confirmation time. At worst, consensus will break down due to block withholding or increasingly aggressive undercutting. This suggests a fundamental rethinking of the role of block rewards in cryptocurrency design. Nakamoto appears to have viewed the block reward as a necessary but temporary evil to achieve an initial allocation of bitcoins in the absence of a central authority, with the transaction fee regime being the ideal, inflation-free steady state of the system. But our work shows that incentivizing compliant miner behavior in the transaction fee regime is a significantly more daunting task than in the block reward regime.”

>Written by phd´s in computer science and economics. Bitcoiners can’t refute this fud, lol. These academic papers prove that proof of work will not work longterm.
Another weakness is the lack of on chain governance, which results in huge governance and coordination problems, and limits innovation.

“Unfortunately, there is reason to expect that the demand for transactions will fall to very low levels. People are likely to make use of off-chain transaction mechanisms via trusted third parties, particularly for small amounts, in order to alleviate the need to wait for confirmations. Payment processors may only need to clear with each other infrequently. This scenario is not only economically likely, it seems necessary given the relatively low transaction rate supported by Bitcoin. Since blockchain transaction will have to compete with off-chain transaction, the amount spent on transactions will approach its cost, which, given modern infrastructure, should be close to zero. Attempting to impose minimum transaction fees may only exacerbate the problem and cause users to rely on off-chain transaction more. As the amount paid in transaction fees collapses, so will the miner’s revenues, and so will the cost of executing a 51% attack. To put it in a nutshell, the security of a proofof-work blockchain suffers from a commons problem[9]. Core developer Mike Hearn has suggested the use of special transactions to subsidize mining using a pledge type of fund raising[10]. A robust currency should not need to rely on charity to operate securely”

>>22697763
>bis
at bis right now
>WHAT DO YOU MEAN WE CANNOT STOP BITCOIN? NOOOOOOOOOOOOO

Open your fucking eyes! Even Mike Hearn (one of the first bitcoin devs) don´t believe in Bitcoin anymore. You´re all bunch of low IQ suckers

There is an even deeper problem with proof-of-work, one that is much harder to mitigate than the concentration of mining power: a misalignment of incentives between miners and stakeholders. Indeed, in the long run, the total mining revenues will be the sum of the all transaction fees paid to the miners. Since miners compete to produce hashes, (5) It is possible that a new technology will supplant ASICs who themselves replaced FPGA boards. However, the pace of this type of innovation is nowhere fast enough to prevent miners from forming dominating positions for long period of times; and such innovation would benefit but a new (or the same) small clique of people who initially possess the new technology or eventually amass the capital to repeat the same pattern. (6) the amount of money spent on mining will be slightly smaller than the revenues. In turn, the amount spent on transactions depends on the supply and demand for transactions. The supply of transactions on the blockchain is determined by the block size and is fixed.

>HEHE, NOTHING PERSONAL KIDS
>buy half billion
https://youtu.be/WrR95PFYDFQ

“Here’s how things could go wrong. Due to the possibility of profitable forking, the default strategy is no longer best; we lay out a menagerie of interesting and bizarre strategies in the paper. The most worrisome is “undercutting,” where miners capture aslittleof the available transaction fees as they can get away with, leaving the rest in the pool as an incentive for the next miner to extend their block rather than a competing block.
We also show rigorously thatselfish mininggets worse when block rewards are replaced by transaction fees, motivated by the following intuition: if you happen to mine a new block just seconds after the last one was found, you gain nothing by publishing, so you might as well keep it for selfish mining in case you get lucky. The variance in transaction fees enables strategies like this that simply don’t make sense when the block reward is fixed.”

>>22698000
another fool buying bitcoin wothout understanding it´s weaknesses or how it works. He´s not very bright.

4 million btc will soon be lost forever, probably by the end of the year, which is very bearish.
Bitcoins get lost forever every day. Simple math proves that in the end there will only be a few thousand btc left in circulation. A lot of bitcoin will also be locked up in funds like grayscale, which means the owner don´t hold the keys themself, which kinda defeats the purpose of crypto. These factors suggest that bitcoin volume, liquidity and demand for on chain transactions will eventually fall to very low levels. Low volume and liquidity is a death sentence for a speculative asset that people hoard and not use. Combine this with low revenue for miners, because of few on chain transactions and no block rewards, the hash rate will drop, and so will the cost of executing a 51% attack. Bitcoin has literally 0 chance of working long term. 0

The lost wallets and lost passwords are clearly a problem of an early stage of adoption, and not a long-term recurrence for math to be made upon. Already now many wallets introduce normie-friendly wallets, which more and more the people unable to handle a proper secure wallet use, and everyday new technologies come upon which use cryptography in a back-end that's invisible to users. The more bitcoin is adopted, the more such services proliferate, and the math in the article is exponentially reduced, not expanded.
tldr: this is a blow right now, but guaranteed no one will remember this meaningless fud 2 weeks from now

"I remember seeing a well researched post on the bitcointalk forums, where some guy showed how a handful of IPs mined almost the 2 first million bitcoins. That's 10% of all bitcoins that will ever be made, in the hands of whoever agency made it, a completely insane amount. That alone makes sure it can never grow into a proper competitive global currency. It has lots of other problems as well, like the blockchain growing too big for regular plebs to maintain a copy, leading to centralized measures, as well as the mining inevitably becoming monopolized (pretty much there already.)"

So digital currency has officially discovered one of the situations why money printing is actually necessary? People lose money. People lose digital currency. Lose their keys, sudden computer failure, send to wrong addresses etc.

Until they figure out safeguards that are still secure, money printing becomes necessary or the supply disappears forever. We are going through a 'real' coin shortage right now cuz people stockpile or lose their change because they couldn't make coins due to corona lockdowns. Can't even spend money some places unless you have exact change lol.

>>22698057
it will all be lost in the end, or close to all. 90% of the total supply will be lost forever at one point, no matter how much the user friendly solutions improve. You cannot have a defliationary currency that can be lost forever. It will continue to be a problem that results in lower liquidity over time. Even if as few as 100 btc get lost a day, it wouls still be a huge problem. People dying and leaving their wallet with no one taking over will always happen, no matter the ux or tech improvements.

>>22698131
spot on. Amazing that it took so long, and most people are still in denial about it. Bitcoin has a terrible economic model, that only attracts people afraid of inflation. It´s not a good model by itself. Predictive Inflation is absolute neccessary. Putting a max cap at the amount of coins is so dumb lol. The total supply needs to be flexible to survive long term. It´s an universal law. Thats why gold is so great, it has an unknown supply, but still somehow predictable and hard to find.

Economics major here

>>22698150
>will be lost forever
How? No one is saying it, they just assume happenings so far and extrapolate it without any argument for it.

Even the people dying problem is unrealistic extrapolation. The same way many things are in place to avoid such problems with fiat currencies, more and more will come as people see btc more as 'real money'.
There is no meat in all these arguments that can not be clearly seen as an expected early adoption issue.

if 200 IQ aliens came down to earth today, they would immediately destoy bitcoin, and build something better from scratch.

Bitcoin lacks a very good codebase, is becoming more centralized, lacks innovation, lacks on chain governance, liquidity will drop over time, other coins will catch up, undercutting and selfish mining strategies will undermine the security, miners revenue will drop, and it wastes resources. It´s also extremely manipulated beyond anything you can imagine. It´s not a good currency nor a good store of value.

>>22698283
btc will never be seen as real money, because it´s manipulated and fundamentally flawed, for other reasons than the coin loss problem. Confidence will only drop in bitcoin from here, and once the dream is over, people will sell when they can´t milk it anymore. People would sell in mass, if the hope of breaking ATH fades into obscurity. Once the whales can´t milk it anymore, it will dump hard. Bitcoin is not suited for mass adoption compared to other options, so it relies on speculation alone. When liquidty drops, as it will, speculation will also drop hard, and people will exit.

>>22698131
>>22698234
holy shit you retards are actually serious, I thought this was a troll. even if every single BTC but one was lost, which would never happen, one BTC is divisible by one hundred million satoshis. most braindead posters I've seen on here in a while

I have spent hundreds of hours reading research on bitcoin, and thinking about the subject from every angle. Debated fools like you a hundred times before. I have heard all the arguments for bitcoin, and non of them hold up good when put under scutiny. My iq is high, and I have a degree in economics. Know a fair amount about computer science and the blockchain tech in itslef. I have good knowlege about the community, miner operations, legal regulations, and human pshycology. NONE of you fools can destroy me in a debate about bitcoin. I have defeated you all, and I will stop wasting my time.

>>22698507
leddit sir

>>22698507
>57 post by this ID
wew lad

>>22698475
doesn´t matter h0ow many times you can devide a shitcoin that is fundamentally flawed, and will over time be out competed by superior competitors. You really think an inferior tech solution will long term win in the tech/money sector, lol. And btw, every bitcoin in existence will probably be lost one day, if we look long enough into the future. Every bitcoin will be lost at some point after the blockchain fails and price drops to 0. No one will care to remember the seed phases for their wallets. I know you idiots struggle to think hundreds of years into the future, but please try

Miner is stockpiling BTC and mining like there is no tomorrow during the monsoon : with the cheapest hydro/nuclear/solar?coal in the world ever 3k$ to produce one BTChttps://twitter.com/molllliy/status/1277145706457776129+ Selling to themself (mining farm pool sell otc are held by central whales exchange (main Asian ones, Binance and friend with benefit 3k to 6k max and then selling to retail and pleb 9k$ to 11k$ max Whales are shareholder & miner via proxy corporation are doing the same selling to the Binance cartel with friends with benefit (who is also are BTC bitcoin miner producer and cash bitcoin SV miner and all main Pow (ETH include but less) and shareholder of all Pos (Tez Cosmos, Algorand, Elrond, Polkadot, etc.)https://www.crunchbase.com/organization/binance#section-investors+ Same but a little bit different with their USA counterpart Western Cartel have a higher production costhttps://en.wikipedia.org/wiki/Digital_Currency_GroupThe CME boys and Deribit Guy are shorting derivatives future and Option to minimize the Chinese margin due to the Trump trade war with USA China. The offshore burglars paradise paper guys (theter bitfinex gang mafia are played the fed Fed Brr guys by proxy due to there contract with exchange whale for them to pump and dump the market with their fav weapons usdt in total connivance with all the whales,https://coinlib.io/coin/

The cryptocurrency mods Reddit and paid Shills are playing innocent guys, meaning all the pro know what is going on and where we are heading. Simple, they are stockpiling resources for the cheapest cost ever making profit high margin on retails. Pumping for FOMO trade when it is needed and recking clueless newbies people by selling dreams. Or dilute them shareholder network part with multiple and complex strategies like XRP (Spare lock supply by foundations or Dev team) then buying back for a low price when the sp500 crash dump

the crypto market is extremely overvalued and extremely manipulated. It will crash hard soon, and most tokens will never recover, as they are useless. Bitcoin is a manipulated mess, and it will always stay that way