Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is DEAD
by
Vsamuel
on 23/07/2018, 14:07:15 UTC
A couple days ago I posted here because of a transaction stuck in the void for which I paid 30 dollars fee.
Now, one hour ago, I sent a transaction with a 130 dollars fee.
ONE HOUR, STILL ZERO TRANSACTIONS, 130 DOLLARS FEE.
I'm sorry to write this, but Bitcoin is DEAD.
I've been a defender of it up until now, but we've gone too far.
Who the hell is going to buy Bitcoin when the word will spread?
When people will try to get their Bitcoins from the exchanges, they'll meet this reality, and Bitcoin will be dead in DAYS, after the word will begin spreading.
Just please don't go on BCH, let's try to move onto better technologies like Byteball.
BTW can anyone tell me what should I pay to move my Bitcoins now?
I have now 4 Bitcoins stuck in the void.

Bros! This typical of all demand and supply chain and Bitcoin/Blockchain is no exception. When demand exceeds supply, transaction chain often gets choked. Giving rise to increase fees associated with transactions regardless the nature of the transaction. While i may i agree that spamming may contribute largely to this current predicament, I will use this opportunity to point out that the technology that Bitcoin runs on is not yet absolute in nature. Hence, situation of this kind are bound to occur.

I would remind you that the system is just heated for now, and the current situation may persist for something. But that doesn't mean you will be unable to get your funds in Bitcoin back, it only means that, you employ some amount of patient as you wait for the system to cool down to it usual functionality to enable you either decide on cashing out your funds or keeping your investment.

Anyways for may whose transactions have been delayed in this event, i advice you resort to other means as you wait for your already ongoing transactions to be successful.

Button line is Bitcoin is not dead. its technology is just facing a technical cliche. Which i believe has greater an avenue for innovation and solutions.