Re: [1000 unconfirmed transaction] Spam attack has practically ended for 2 days!
Lots of alt-coins have been cheaper and faster over the last 4 years, still are.
An old saying
"It is not about the return on your money, it is about the return of your money."
An old saying
"It is not about the return on your money, it is about the return of your money."
this cheapness and fastness always comes with a cost. the only thing people usually see is the price of those altcoins that is volatile but that is only one of the risks and it is not even the biggest one!
one of the biggest threats is always an unsecure network and that happens when there aren't enough full nodes running. we have all heard people bitch and moan about bitcoin blockchain be big and them having hard time running a full node.
now think what happens when the blockchain of these "faster" altcoins reaches 500 GB! how many nodes do you think will remain running a cheap altcoin?
and with their numbers falling the network of that altcoin would crumble and all hell will break lose.
Besides, I personally am glad more bagholders are leaving Bitcoin, for every one bagholder that exits come 10 new excited, interest, entrepreneurial investors ready to take Bitcoin and business to the next stage. And one less pump and dumper.
I disagree.
I don't think anyone is leaving bitcoin. nobody who has "bags of bitcoin" and invested money in it, is not foolish enough to leave with FUD. those who panic are newbies who don't even have enough bitcoin in wallets to call it a "bag"
