Message from @John O -
Discord ID: 392842846719180811
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
If power demanded exceeds power supplied, the currency will crumble from lack of reliability
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
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
This happens so often and people flip out every time
I had my Bitcoin on an offline wallet during the fork. Still need to figure out how to get my Bitcoin Cash.
Wow.
the sustainability is definitely a concern. It becomes a moral issue at that point. And caring about efficiency is a white people problem
Caring about efficiency is a societal problem. A currency will not be viable as such if it's not efficient, and the value will never transform from speculative into utilitarian
What's going on with this Bitcoin Cash stuff?
Look at the IE general chat.
I just spent the last hour explaining Bitcoin Cash.