Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The sky will stay up there. You can put the umbrella down now.
I keep trying to tell him. Kid has rocks in his head or something.
-snip-
THEREFOR: We will hit the limit and have a network congestion failure. The price will crash. It is almost inevitable now. The only question is when. My best guess is two months.
THEREFOR we are fucked.
THEREFOR: We will hit the limit and have a network congestion failure. The price will crash. It is almost inevitable now. The only question is when. My best guess is two months.
THEREFOR we are fucked.
Hitting the cap and negating use cases for the network isn't a fireworks explosion, we've been over this. It's a slow bleed away of utility. Some "store of value because reasons people", some illicit commerce, some off chain speculation, will all still be around to a degree...
It may take years to fully squander the first mover advantage to other alternatives. Blockstream may hope that alternative is them, and they need Bitcoin to still function as a settlement layer...
See, it's not as bad as it could be.
If you still have any concerns, please consult the roadmap.
Moderators are standing by to assist you.