Message from @John O -
Discord ID: 392840497816797197
Huh?
I'm not talking about absorption
I guess the Bitcoin code could be changed so that more Bitcoin is created, and those new Bitcoin could be split up and redistributed to the holders of the coin being "absorbed", and the one getting absorbed could subsequently be deleted.
oh okay
I'm talking about computing power
It sounds to me like it's either bullshit or overblown
It's not like Bitcoin transactions just hijack power from unsuspecting bystanders, the computers on the network have to supply that power
Large transaction fees are a problem, though, and I think Bitcoin will eventually be replaced by something with less insane fees and faster transaction
Of course not, but when the computing power required to complete one transaction is more expensive than the actual Bitcoin is when it will fail
oh, so I guess what you're asking is basically about transaction fees
ya those are an issue
It should not cost 16 fucking dollars to send money
More just the feasibility of an ever growing demand for power
Exponentially growing
I mean
People use whatever power they can suppy
So these Ireland comparisons are pretty dumb
Remember, here at IE, we care about per capita
But, yes, massive transaction fees are an issue
So I do think Bitcoin wil lose to something else eventually
Which is the only thing a fiat currency has
Reliability
Like I said, some better coin will probably come long
In fact, there's probably multiple better ones
But I don't think Bitcoin will just crumble so quickly
I'm just making the case that people need to start thinking about selling Bitcoin. The thing about bubbles is that it's a huge game of hot potato. If you're not holding the potato, you're fine.
Should’ve fucking sold my BTC yesterday
Why?
It just plummeting 3,000 in an hour
oh no nigga
And the exchange is crashing
Buy low sell high
It plummets like this every week
Bitcoin cash is on Coinbase now
oh shit
Fuck fuck fuckkkkk
This app is trash
Why is that bad?
LMAO Bitcoin "crashed" back to what it was a week ago