The logarithmic uptrend is broken on the five year chart. If you wanna zoom out, zoom out motherfucker. It's the scalability problem. It's gotta get a lot worse before it gets better (IF it gets better) because some people are so stupid, they require an extreme amount of pain before they learn anything.
You're not trading efficiency for censorship resistance. Majority mining power is concentrated in one country with a totalitarian government. The People's Bank of China has a million man army behind them and they could take over our network with a few phone calls. The only reason Bitcoins functions is because the ChiComs LET it function. That battle has already been lost. So smallblockers want to keep bitcoin from scaling for NO REASON!
So we're going down or sideways. If we go up, new users are attracted, blocks fill up, transactions slow down and get expensive, then we have to go down or face a network congestion failure.
They got us. The bad guys won. Subsidized electricity and consensus governance brought us down. Meanwhile a bunch of other cryptocurrencies are waiting in the wings to claim the prize we fucking threw away.
Why get so emotional regarding the topic?
And, what is the big deal if some alt takes over bitcoin?
If there is a better alt, then let it pave the way, and we can all jump on board that one...
The fact of the matter is that there is no alt that is even in any parameters of close to bitcoin...
Name one?You can't because you are just spreading bullshit FUD regarding non-important and speculative matters...
Your matters are so speculative that they are even beyond the scope of this speculation thread because they are lacking almost any foundation... especially ones concerning the supposed pending take over of some not-yet identified alt coin.
RIPPLE .