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| 02:58 AM | ||
| Users Online Now: 1,302 (Who's On?) | Visitors Today: 260,977 | |
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| 02:58 AM | ||
Bitcoin Has Probably Entered A Permanent Saturation | |
| Anonymous Coward User ID: 84071034  United States06/01/2023 03:16 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83961025  Australia06/01/2023 03:19 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84219893 United States06/01/2023 03:19 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 03:29 AM Report Abusive Post Report Copyright Violation | Very silly. Submit a transaction with a zero fee, what do you think will happen? Transactions are happening right now, you could send one any time and have it processed, just need to include the appropriate fee! Quoting: Anonymous Coward 84219893 fee isn't the issue. there isn't enough bandwidth from remaining miners to support transactions. if everyone paid $20, you'd still have 150,000 transactions failing daily. and miners will drop out en mass by year's end if coin price stays under $50k, meaning more failures. . . |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 03:31 AM Report Abusive Post Report Copyright Violation | Very silly. Submit a transaction with a zero fee, what do you think will happen? Transactions are happening right now, you could send one any time and have it processed, just need to include the appropriate fee! Quoting: Anonymous Coward 84219893 I've been designing software systems for 30 years, you don't grasp the holistic issue. . |
| Anonymous Coward User ID: 84151024  Switzerland06/01/2023 03:31 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80203550 United States06/01/2023 03:33 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80203550 United States06/01/2023 03:34 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 03:39 AM Report Abusive Post Report Copyright Violation | Very silly. Submit a transaction with a zero fee, what do you think will happen? Transactions are happening right now, you could send one any time and have it processed, just need to include the appropriate fee! Quoting: Anonymous Coward 84219893 if you remove the coin subsidy, the average transaction cost is $50. income = 330k coins x $27k = $8.9 B cost = 140 terawatts @ $0.08/kwatt = $11 B 600k transactions x 365 days = 220m $11 B cost / 220m = $50 per transaction and it's already operating in saturation mode. why would I pay $50? . |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 03:43 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 03:48 AM Report Abusive Post Report Copyright Violation | |
| T-Man Entitled title  User ID: 76630935  Netherlands06/01/2023 03:48 AM  Report Abusive Post Report Copyright Violation | |
| T-Man Entitled title User ID: 76630935 Netherlands06/01/2023 03:49 AM Report Abusive Post Report Copyright Violation | Same fucktard who does not understand how bitcoin mining works? Quoting: Anonymous Coward 84151024 Fail. haha. and yet my prediction accuracy is 100%. 50% of miners gone, as predicted in 2021. Transaction failures as predicted in Dec. Bitcoin is dying. only a fool would hold. just because it was the first big thing doesnt make it holy or even 'good' anyway no one still uses netscape or yahoo search engine. btc is lame af and just a name, like apple. |
| FHL(C) User ID: 77252461  China06/01/2023 03:52 AM  Report Abusive Post Report Copyright Violation | Big deal actually. Means crypto based on gold or silver for example will skyrocket. There are some now YAHshua the sound of His Name in English, YAH is short form of YHVH, Bible.PRAYERBOOK.Praisebook DOWNLOADs [link to www.docdroid.net (secure)] [link to pdfhost.io (secure)] [link to www.docdroid.net (secure)] |
| T-Man Entitled title User ID: 76630935 Netherlands06/01/2023 03:56 AM Report Abusive Post Report Copyright Violation | Big deal actually. Means crypto based on gold or silver for example will skyrocket. There are some now Quoting: FHL(C) big deal would be an understatement imo. btc is still 46% of all crypto. the moment people give up on btc and jump ship there will be MAJOR price explotions in other cryptos like those with actual utility and ISO standards. |
| Anonymous Coward User ID: 85914836 06/01/2023 04:05 AM Report Abusive Post Report Copyright Violation | [link to jochen-hoenicke.de (secure)] Quoting: Anonymous Coward 84071034 Bitcoin has had over 150,000 daily unconfirmed transactions for five weeks now and hit a peak of 485,000, over twice the previous peak. It's increasingly likely that Bitcoin has entered a period of permanent saturation which will grow increasingly worse towards the end of 2023 as more miners capitulate in expectation of the coin halving in early 2024. Unconfirmed transactions tend to be self perpetuating and consume more bandwidth as they try multiple times to resolve. Hosts have to retransmit over and over, trying to get concensus for a transaction, which triggers more failures because of even less bandwidth. I predict current situation will worsen into 2024. Liar |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 04:05 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 71263986  United Kingdom06/01/2023 04:08 AM Report Abusive Post Report Copyright Violation | "Just two more weeks I promise, 2 more weeks and bitcoin will finally collaps". Just buy some fucking bitcoin you retard, you would be rich now if you just bought some all this time instead of hoping it collapses. It's still early, you have missed nothing so no need to be jealous. |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 04:09 AM Report Abusive Post Report Copyright Violation | Big deal actually. Means crypto based on gold or silver for example will skyrocket. There are some now Quoting: FHL(C) thats my focus, baby. [link to broward.ghost.io (secure)] Almost 1/2 of States are laying the foundation for Federal bankruptcy. . |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 04:10 AM Report Abusive Post Report Copyright Violation | "Just two more weeks I promise, 2 more weeks and bitcoin will finally collaps". Quoting: Anonymous Coward 71263986 Just buy some fucking bitcoin you retard, you would be rich now if you just bought some all this time instead of hoping it collapses. It's still early, you have missed nothing so no need to be jealous. no thanks, you can keep mine. . |
| Anonymous Coward User ID: 71263986 United Kingdom06/01/2023 04:11 AM Report Abusive Post Report Copyright Violation | "Just two more weeks I promise, 2 more weeks and bitcoin will finally collaps". Quoting: Anonymous Coward 71263986 Just buy some fucking bitcoin you retard, you would be rich now if you just bought some all this time instead of hoping it collapses. It's still early, you have missed nothing so no need to be jealous. no thanks, you can keep mine. . How many years have you been predicting that bitcoin will collapse? Must hurt extra hard knowing if you just bought instead of being a retard you would be rich now. |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 04:12 AM Report Abusive Post Report Copyright Violation | [link to jochen-hoenicke.de (secure)] Quoting: Anonymous Coward 84071034 Bitcoin has had over 150,000 daily unconfirmed transactions for five weeks now and hit a peak of 485,000, over twice the previous peak. It's increasingly likely that Bitcoin has entered a period of permanent saturation which will grow increasingly worse towards the end of 2023 as more miners capitulate in expectation of the coin halving in early 2024. Unconfirmed transactions tend to be self perpetuating and consume more bandwidth as they try multiple times to resolve. Hosts have to retransmit over and over, trying to get concensus for a transaction, which triggers more failures because of even less bandwidth. I predict current situation will worsen into 2024. Liar bitcoin is dying. enjoy. |
| Anonymous Coward User ID: 71263986 United Kingdom06/01/2023 04:14 AM Report Abusive Post Report Copyright Violation | [link to jochen-hoenicke.de (secure)] Quoting: Anonymous Coward 84071034 Bitcoin has had over 150,000 daily unconfirmed transactions for five weeks now and hit a peak of 485,000, over twice the previous peak. It's increasingly likely that Bitcoin has entered a period of permanent saturation which will grow increasingly worse towards the end of 2023 as more miners capitulate in expectation of the coin halving in early 2024. Unconfirmed transactions tend to be self perpetuating and consume more bandwidth as they try multiple times to resolve. Hosts have to retransmit over and over, trying to get concensus for a transaction, which triggers more failures because of even less bandwidth. I predict current situation will worsen into 2024. Liar bitcoin is dying. enjoy. Lmao, he won't even admit how long he has been saying this retarded shit, because he knows he's been saying it for years and each time it's gone up massively, enough were he could have been rich himself now instead of a retard. |
| Anonymous Coward (OP) User ID: 84071034 United States06/01/2023 04:15 AM Report Abusive Post Report Copyright Violation | "Just two more weeks I promise, 2 more weeks and bitcoin will finally collaps". Quoting: Anonymous Coward 71263986 Just buy some fucking bitcoin you retard, you would be rich now if you just bought some all this time instead of hoping it collapses. It's still early, you have missed nothing so no need to be jealous. no thanks, you can keep mine. . How many years have you been predicting that bitcoin will collapse? Must hurt extra hard knowing if you just bought instead of being a retard you would be rich now. 2021. my real estate and metals have done well. go ahead, ignore me. i am okay with it.  |
| Anonymous Coward User ID: 71263986 United Kingdom06/01/2023 04:17 AM Report Abusive Post Report Copyright Violation | "Just two more weeks I promise, 2 more weeks and bitcoin will finally collaps". Quoting: Anonymous Coward 71263986 Just buy some fucking bitcoin you retard, you would be rich now if you just bought some all this time instead of hoping it collapses. It's still early, you have missed nothing so no need to be jealous. no thanks, you can keep mine. . How many years have you been predicting that bitcoin will collapse? Must hurt extra hard knowing if you just bought instead of being a retard you would be rich now. 2021. my real estate and metals have done well. go ahead, ignore me. i am okay with it. Lmao, proper retarded shit, no wonder bitcoin makes you cry. That's you're fault for being a retard, not bitcoin. |
| Anonymous Coward User ID: 85910885 United States06/01/2023 04:43 AM Report Abusive Post Report Copyright Violation | [link to jochen-hoenicke.de (secure)] Quoting: Anonymous Coward 84071034 Bitcoin has had over 150,000 daily unconfirmed transactions for five weeks now and hit a peak of 485,000, over twice the previous peak. It's increasingly likely that Bitcoin has entered a period of permanent saturation which will grow increasingly worse towards the end of 2023 as more miners capitulate in expectation of the coin halving in early 2024. Unconfirmed transactions tend to be self perpetuating and consume more bandwidth as they try multiple times to resolve. Hosts have to retransmit over and over, trying to get concensus for a transaction, which triggers more failures because of even less bandwidth. I predict current situation will worsen into 2024. Liar bitcoin is dying. enjoy. Lmao, he won't even admit how long he has been saying this retarded shit, because he knows he's been saying it for years and each time it's gone up massively, enough were he could have been rich himself now instead of a retard. why bitcoin will fail, 2 years ago. [link to broward.ghost.io (secure)] how bitcoin will fail, December [link to broward.ghost.io (secure)] buy up more just shit on me, haha. |
| Anonymous Coward User ID: 85910885 United States06/01/2023 04:53 AM Report Abusive Post Report Copyright Violation | over the past year, 1/2 of miners went bankrupt. in the past 60 days, bitcoin received a large influx of money fleeing the bank collapse. for the past five weeks, submitted transactions are higher than the remaining miners can handle and at a coin price of $27k, most are still losing money on coin subsidy. cost: 140 twatts @ $0.08/kwatt = $11B income: 330k coins x $27k = $8.9 B network still losing $2B per year. in 1st qtr, coins go to 165k. income: 165k x $27k = $5B miner losses rise from $2B to $6B. game over. . |
| T-Man Entitled title User ID: 76630935 Netherlands06/01/2023 05:00 AM Report Abusive Post Report Copyright Violation | over the past year, 1/2 of miners went bankrupt. Quoting: Anonymous Coward 85910885 in the past 60 days, bitcoin received a large influx of money fleeing the bank collapse. for the past five weeks, submitted transactions are higher than the remaining miners can handle and at a coin price of $27k, most are still losing money on coin subsidy. cost: 140 twatts @ $0.08/kwatt = $11B income: 330k coins x $27k = $8.9 B network still losing $2B per year. in 1st qtr, coins go to 165k. income: 165k x $27k = $5B miner losses rise from $2B to $6B. game over. . but doesnt that somehow sound like it would make the price go up? btc is like the gucci of crypto. over prized with no creativity |
| drax-o-logic User ID: 84453634  India06/01/2023 05:03 AM  Report Abusive Post Report Copyright Violation | op please your comments Thread: New CRYPTO is coming...not Digital currency...guess what it is? Thread: Uncle Intel on the fate of bitcoin satoshi posted here Thread: I am the Father of Cryptocurrency such as Bitcoin thought by 2013 btc would replace all currencies1 lol! Last Edited by drax-o-logic on 06/01/2023 05:04 AM |
| Anonymous Coward User ID: 85101867  Singapore06/01/2023 05:14 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 82804885 United States06/01/2023 05:15 AM Report Abusive Post Report Copyright Violation | Very silly. Submit a transaction with a zero fee, what do you think will happen? Transactions are happening right now, you could send one any time and have it processed, just need to include the appropriate fee! Quoting: Anonymous Coward 84219893 I've been designing software systems for 30 years, you don't grasp the holistic issue. .  |
