It's literally oversold on the long time periods, the direction xmr is going is down and for quite a while already, just like most of the market. I risk calling the bottom at 50$, I had to buy.
I prefer bear markets, its when fortunes are made
Yup, just put another buy in myself. Funny thing is I am probally one of the only regulars that also prefers a bear due to getting caught with my pants down before alphabay. W00ps!
That left a big mark.
Bad timing has been my thing in life.
Monero offers something else that Bitcoin does not; namely an adaptive block weight and tail minimum emission that allows for scaling on the main chain. This lack of on chain scaling lies at the heart of the BCH split from XBT and the further split of BSV from BCH. When something as simple as increasing the transactions per second that a blockchain requires a a highly controversial and political hard fork it is hardly surprising to see the splits, wars and personality clashes we have in Bitcoin, Bitcoin Cash and Bitcoin Satoshi Vision.
On another note Bitcoin has already failed since it cannot meet the design purpose in the Satoshi paper namely a peer to peer cash like digital currency. This is primarily due to the fixed block size.
Edit: Litecoin has the same problem as Bitcoin with scaling; namely the fixed block size and falling lock reward.
On another note Bitcoin has already failed since it cannot meet the design purpose in the Satoshi paper namely a peer to peer cash like digital currency. This is primarily due to the fixed block size.
Edit: Litecoin has the same problem as Bitcoin with scaling; namely the fixed block size and falling lock reward.
Can you ELI5 for us why the BTC codebase cannot adopt a dynamic blocksize?