Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is DEAD
by
Best Dreams
on 22/12/2017, 15:24:00 UTC
Pushing people to support byteball? Bitcoin isn't dead and will never be dead, confirmations are taking so long because people are still buying it and there's a big demand on it so there's no doubt that bitcoin is still kicking and alive. The fact about bitcoin as a way to transfer payments and we are all inconveniently accepting these high fees and it's everyone's problem that we've been dealing with it. But wait for it, lightning network will settle everything and bitcoin will be great again.

"Never"... that word should NEVER be used.
Byteball is a RADICALLY different algorithm that solves the problem of scalability at the base.
Sure, it needs extensive testing, but it deserves to be tested.
Bitcoin on the other hand has reached AGAIN a complete congestion time, and its network is probably under spam attack.
This exposes an intolerable weakness.
And if you know how the LN works, you understand that it won't be the final solution either.
In case you don't know how the LN works, here's an interesting article: https://medium.com/@homakov/why-lightning-and-raiden-networks-will-not-work-d1880e4bc294
And no I am not "pushing" for Byteball, I have invested on around 30 altcoins, and IOTA uses a similar Network Algorithm.
I am not here to make advertising, just saying mine after showing that there's something wrong going on in Bitcoin, and believe me, I'm really sorry for this, but it seems it took too long to Bitcoin to change and update its protocol, and it's making the end of Netscape: didn't keep up with competition and evolution of the technology.
Oh, and the price is tanking and my 4 BTC are stuck in shit and I can't exchange them.
Why shouldn't I use the word never? I'm a bitcoin believer and there's nothing wrong for me to say that thing. And you can also use that with byteball. I have nothing against byteball and I have witnessed it great gains for the whole time. Every coin that will experience congestion means that they are crowded and look on how ETH is experiencing that thing too and it can possibly happen to other alts too. Every time there are problems that are existing and there's a solution coming up for it, that may not be the final solution but always there will be.
If someone dead then its mean he is dead because dead has no roll left in world and bitcoin is still alive and its playing a very big role in countries day by day its users are going to increased and today I check the price of bitcoin its price is very high so its totally wrong information about bitcoin is one of the fast growing currency in market and in next year bitcoin will be accepted by some countries because world need bitcoin.