Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! | |
Anonymous Coward (OP) User ID: 80266622 Luxembourg 04/23/2021 04:25 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! 9. when you have millions from bitcoins or other cryptos gained, what does the tax office say about this? i mean there is no regulation currently that says when you take out 5 millions of dollars from your bitcoin gains that you must pay taxes on it ... and this is something incredibly dangerous... they can come after years and take your money and belongings away if you taken out millions of dollar years ago ... |
Anonymous Coward User ID: 75440249 Netherlands 04/23/2021 04:28 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75440249 Netherlands 04/23/2021 04:30 AM Report Abusive Post Report Copyright Violation | |
Coinman777 User ID: 79519992 Ukraine 04/23/2021 04:34 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Hello my friends, Quoting: theultimatetruth 80266622 I can tell you a 100% why bitcoin and the entire cryptomarket/ blockchain will fail! 1. There are many miners in china right now, as you maybe already know, there are big mining farms and when they have no electricity due to an accident where they have no power anymore(electricita) the entire system will collapse because there are no miners anymore ... (the latest crash of bitcoin was because of a coal mine collapsed and they had no electricity for some days, and the miners had no power to mine bitcoin.) 2. there are so much things the blockchain is so vulnerable you cant even imagine... there could be malware/viruses that crash the entire thing, there could be emp attacks on miners, if the electricity grid fails due to a solar storm or parts of the world, bitcoin etc will fail hard. 3.there is one big thing that is coming, and that thing is called quantum computers/quantum computing ... if this entire thing goes "mainstream" the blockchain will be worth nothing anymore because when you know how the quantum computing works, you know that the blockhain will be useless, and a new system will come. just think about it, and go see for yourself what nvidia has for new technologies for the future presenting on facebook right now. 4.the blockchain is a good thing in many ways i agree, BUT, the cryptos and the blockchain in general have no real values in the real world, and also in the internet world is has no real value. there is nothing where you can say it has something to offer for humanity that changes something for good or that helps people. (cash money is more safe and more valuable than the crypto thing also because it is always connected to the real world money) so this would no argument to say cryptos is good for tiny countries etc. 5.it is extreme volatile. i think the big companies have lost their minds, investing in such a thing, they only see the money and the power. 6. there are too many governments on this world, and they will sooner or later regulate those crypos and then they will crash very hard. some of the countries will also forbid them ... 7. china is the biggest farmer of bitcoin in the world we totally depend on them if they stop mining tomorrow the entire thing will be worthless! 8. the electricity needes for the blockchain and cryptos is insane, it is absolutely contradictory to what our government whants for the green future ... and then is the question where does the electricity come from then? it is proven that the entire thing takes/consumes more electricity than entire countires ... so it is absolutely no planet friendly green plant friendly thing. 9. noob, do you know what is pos-mining, staking, green mining? If not, then you better get acquainted so as not to be left with anything. Cryptocurrency is the future, bitcoin and POW are yesterday, a transitional thing in the evolution. Last Edited by Coinman777 on 04/23/2021 04:36 AM |
Anonymous Coward User ID: 72408109 United States 04/23/2021 04:40 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! You said in your first post that a coal mine caused the crash. LMAOOOOOO ARE YOU ON DRUGS?????? They actually "mine" crypto from computers buddy, not actual mines like they would physical diamonds. SHUT THE HELL UP, OP. |
BITCOINLIFTER User ID: 33122469 Australia 04/23/2021 04:44 AM Report Abusive Post Report Copyright Violation | |
d1k User ID: 34861178 Canada 04/23/2021 04:47 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Hello my friends, Quoting: theultimatetruth 80266622 I can tell you a 100% why bitcoin and the entire cryptomarket/ blockchain will fail! 1. There are many miners in china right now, as you maybe already know, there are big mining farms and when they have no electricity due to an accident where they have no power anymore(electricita) the entire system will collapse because there are no miners anymore ... (the latest crash of bitcoin was because of a coal mine collapsed and they had no electricity for some days, and the miners had no power to mine bitcoin.) 2. there are so much things the blockchain is so vulnerable you cant even imagine... there could be malware/viruses that crash the entire thing, there could be emp attacks on miners, if the electricity grid fails due to a solar storm or parts of the world, bitcoin etc will fail hard. 3.there is one big thing that is coming, and that thing is called quantum computers/quantum computing ... if this entire thing goes "mainstream" the blockchain will be worth nothing anymore because when you know how the quantum computing works, you know that the blockhain will be useless, and a new system will come. just think about it, and go see for yourself what nvidia has for new technologies for the future presenting on facebook right now. 4.the blockchain is a good thing in many ways i agree, BUT, the cryptos and the blockchain in general have no real values in the real world, and also in the internet world is has no real value. there is nothing where you can say it has something to offer for humanity that changes something for good or that helps people. (cash money is more safe and more valuable than the crypto thing also because it is always connected to the real world money) so this would no argument to say cryptos is good for tiny countries etc. 5.it is extreme volatile. i think the big companies have lost their minds, investing in such a thing, they only see the money and the power. 6. there are too many governments on this world, and they will sooner or later regulate those crypos and then they will crash very hard. some of the countries will also forbid them ... 7. china is the biggest farmer of bitcoin in the world we totally depend on them if they stop mining tomorrow the entire thing will be worthless! 8. the electricity needes for the blockchain and cryptos is insane, it is absolutely contradictory to what our government whants for the green future ... and then is the question where does the electricity come from then? it is proven that the entire thing takes/consumes more electricity than entire countires ... so it is absolutely no planet friendly green plant friendly thing. 9. .... Do you have any idea at all how crypto currency works? Rhetorical question |
Anonymous Coward User ID: 80275698 Chile 04/23/2021 08:15 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Hello my friends, Quoting: theultimatetruth 80266622 I can tell you a 100% why bitcoin and the entire cryptomarket/ blockchain will fail! 1. There are many miners in china right now, as you maybe already know, there are big mining farms and when they have no electricity due to an accident where they have no power anymore(electricita) the entire system will collapse because there are no miners anymore ... (the latest crash of bitcoin was because of a coal mine collapsed and they had no electricity for some days, and the miners had no power to mine bitcoin.) 2. there are so much things the blockchain is so vulnerable you cant even imagine... there could be malware/viruses that crash the entire thing, there could be emp attacks on miners, if the electricity grid fails due to a solar storm or parts of the world, bitcoin etc will fail hard. 3.there is one big thing that is coming, and that thing is called quantum computers/quantum computing ... if this entire thing goes "mainstream" the blockchain will be worth nothing anymore because when you know how the quantum computing works, you know that the blockhain will be useless, and a new system will come. just think about it, and go see for yourself what nvidia has for new technologies for the future presenting on facebook right now. 4.the blockchain is a good thing in many ways i agree, BUT, the cryptos and the blockchain in general have no real values in the real world, and also in the internet world is has no real value. there is nothing where you can say it has something to offer for humanity that changes something for good or that helps people. (cash money is more safe and more valuable than the crypto thing also because it is always connected to the real world money) so this would no argument to say cryptos is good for tiny countries etc. 5.it is extreme volatile. i think the big companies have lost their minds, investing in such a thing, they only see the money and the power. 6. there are too many governments on this world, and they will sooner or later regulate those crypos and then they will crash very hard. some of the countries will also forbid them ... 7. china is the biggest farmer of bitcoin in the world we totally depend on them if they stop mining tomorrow the entire thing will be worthless! 8. the electricity needes for the blockchain and cryptos is insane, it is absolutely contradictory to what our government whants for the green future ... and then is the question where does the electricity come from then? it is proven that the entire thing takes/consumes more electricity than entire countires ... so it is absolutely no planet friendly green plant friendly thing. 9. You dont have to be so skeered of emp, solar flare events killing bitcoin The great thing is that a man made emp that effects the whole earth equally is impossible A solar flare can only hit half the earth at once. Ya know the half facing the earth at the time of the flare So regardless...at least half the earth will still have electricity Kthnx |
Anonymous Coward User ID: 79456118 Australia 04/23/2021 08:22 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80247591 United States 04/23/2021 08:23 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Most people took their initial investment out, at the first big move and are now sitting on millions that still sit in their accounts. If it all goes down they still have what they first put in. If BTC goes down, so will everything else with it, so what's the risk? |
drumhead138 User ID: 2628078 United States 04/23/2021 08:28 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Man...since 2017 I have heard these SAME threads over and over and over... Good grief! Annnnnnd...queue the 'SPOOFY' meme... To remove threads and posts because some mod doesn't agree is small minded. Its so sad that certain people feel like they have the right to remove ones voice. To you I say, you are small minded, close minded, and quite pathetic. You know who you are because you know what I have written is true. |
Anonymous Coward User ID: 72703472 Canada 04/23/2021 08:31 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! there's plenty of cryptos that don't require the power of a small country to function like litecoin, it is very functional so even if Bitcoin were to collapse, something would take its place. you make some good points, but there will always be a market for cryptos. they are good at moving money quickly |
Anonymous Coward User ID: 79023994 United States 04/23/2021 08:40 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Completely wrong. 1. Mining is decentralized by nature. Even if 99% of all btc miners were suddenly destroyed, the only thing that would happen is that the difficulty would adjust and the remaining 1% would continue as usual (there'd be price chaos but that's not related to whether or not cryptos are viable) 2. BTC IS NOT THE ONLY GAME IN TOWN. In fact, there are already several other coins with superior features. Coins like DASH. These coins have COMPLETELY DIFFERENT mining algorithms and thus are like separate countries. So EVEN IF YOU DESTROY BTC, because the mining of these coins uses different algorithms (and thus different machines), IT IS IMPOSSIBLE to destroy cryptos just by destroying one of them. This is called "decentralization". |
Anonymous Coward User ID: 79023994 United States 04/23/2021 08:40 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! 3. BTC is OLD TECH. It can't scale, is SUPER EXPENSIVE and has no privacy. For these reasons and more, DASH digital cash was created in 2014. There are other coins like BCH, XMR, DGB, XRP, but these coins are all flawed in some critical way. BCH IS ACTUALLY VULNERABLE to mining problems since they use the same hashing algorithm as BTC. So they could be attacked (and destroyed) at anytime since they're a minority fork. XMR is a shitcoin. It takes 20 minutes between consecutive transactions, and 1 hour just for full confirmation. BCH also takes 1 hour, but you can at least transact consecutively without an extra wait like XMR. DGB is just a smaller, slightly faster BTC. XRP is centralized shit. ONLY DASH has instant transactions with instant respendability by default. DASH has cheap onchain privacy as well with a protocol level implementation of CoinJoin. So all in all, you're wrong, cryptos are here to stay, although individual chains will start dying off due to unpopularity, the idea and concept is solid. |
Anonymous Coward User ID: 79023994 United States 04/23/2021 08:42 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! there's plenty of cryptos that don't require the power of a small country to function Quoting: Anonymous Coward 72703472 like litecoin, it is very functional so even if Bitcoin were to collapse, something would take its place. you make some good points, but there will always be a market for cryptos. they are good at moving money quickly LTC is an OMEGA SHIT COIN. Coinbase was recently fined by the SEC because Charlie Lee spent months washtrading on their platform after he was hired there in 2015. He manipulated the markets to make it seem that LTC had much more trading activity and liquidity than it did. Lots of coins like this are out there, that fake their transactions, fake their onchain metrics and other trickery just so you won't notice they're a shitcoin. |
Anonymous Coward User ID: 76883161 Canada 04/23/2021 08:47 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78576101 United States 04/23/2021 09:01 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! 3. BTC is OLD TECH. It can't scale, is SUPER EXPENSIVE and has no privacy. For these reasons and more, DASH digital cash was created in 2014. There are other coins like BCH, XMR, DGB, XRP, but these coins are all flawed in some critical way. BCH IS ACTUALLY VULNERABLE to mining problems since they use the same hashing algorithm as BTC. So they could be attacked (and destroyed) at anytime since they're a minority fork. Quoting: Anonymous Coward 79023994 XMR is a shitcoin. It takes 20 minutes between consecutive transactions, and 1 hour just for full confirmation. BCH also takes 1 hour, but you can at least transact consecutively without an extra wait like XMR. DGB is just a smaller, slightly faster BTC. XRP is centralized shit. ONLY DASH has instant transactions with instant respendability by default. DASH has cheap onchain privacy as well with a protocol level implementation of CoinJoin. So all in all, you're wrong, cryptos are here to stay, although individual chains will start dying off due to unpopularity, the idea and concept is solid. Right now TPTB need an event large enough to crash the markets but somehow not devastating enough to the mind of the average joe to make it unpopular when central banks roll out their own crypto. Because the future IS digital crypto currency , it just won’t be BTC or any others, it will be issued by central banks, to you, via your social credit score and all kinds of games will be played with it to manage the economy. “3x your normal UBI allocation has been placed on your chip! But act fast! These credits will expire in 2 days.” “A bonus UBI payment has been made to you but can only be used for GMO grain products within the next 24 hours!” “Due to the climate harming effects of gasoline vehicles, your UBI credits will no longer be allowed to purchase gasoline except on Saturdays and in limited amounts.” Gonna be a shit show. |
Ometofu User ID: 77010447 United States 04/23/2021 09:07 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! Hello my friends, Quoting: theultimatetruth 80266622 I can tell you a 100% why bitcoin and the entire cryptomarket/ blockchain will fail! 1. There are many miners in china right now, as you maybe already know, there are big mining farms and when they have no electricity due to an accident where they have no power anymore(electricita) the entire system will collapse because there are no miners anymore ... (the latest crash of bitcoin was because of a coal mine collapsed and they had no electricity for some days, and the miners had no power to mine bitcoin.) 2. there are so much things the blockchain is so vulnerable you cant even imagine... there could be malware/viruses that crash the entire thing, there could be emp attacks on miners, if the electricity grid fails due to a solar storm or parts of the world, bitcoin etc will fail hard. 3.there is one big thing that is coming, and that thing is called quantum computers/quantum computing ... if this entire thing goes "mainstream" the blockchain will be worth nothing anymore because when you know how the quantum computing works, you know that the blockhain will be useless, and a new system will come. just think about it, and go see for yourself what nvidia has for new technologies for the future presenting on facebook right now. 4.the blockchain is a good thing in many ways i agree, BUT, the cryptos and the blockchain in general have no real values in the real world, and also in the internet world is has no real value. there is nothing where you can say it has something to offer for humanity that changes something for good or that helps people. (cash money is more safe and more valuable than the crypto thing also because it is always connected to the real world money) so this would no argument to say cryptos is good for tiny countries etc. 5.it is extreme volatile. i think the big companies have lost their minds, investing in such a thing, they only see the money and the power. 6. there are too many governments on this world, and they will sooner or later regulate those crypos and then they will crash very hard. some of the countries will also forbid them ... 7. china is the biggest farmer of bitcoin in the world we totally depend on them if they stop mining tomorrow the entire thing will be worthless! 8. the electricity needes for the blockchain and cryptos is insane, it is absolutely contradictory to what our government whants for the green future ... and then is the question where does the electricity come from then? it is proven that the entire thing takes/consumes more electricity than entire countires ... so it is absolutely no planet friendly green plant friendly thing. 9. you're a moron. Trust no one |
Anonymous Coward User ID: 79023994 United States 04/23/2021 09:07 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! 3. BTC is OLD TECH. It can't scale, is SUPER EXPENSIVE and has no privacy. For these reasons and more, DASH digital cash was created in 2014. There are other coins like BCH, XMR, DGB, XRP, but these coins are all flawed in some critical way. BCH IS ACTUALLY VULNERABLE to mining problems since they use the same hashing algorithm as BTC. So they could be attacked (and destroyed) at anytime since they're a minority fork. Quoting: Anonymous Coward 79023994 XMR is a shitcoin. It takes 20 minutes between consecutive transactions, and 1 hour just for full confirmation. BCH also takes 1 hour, but you can at least transact consecutively without an extra wait like XMR. DGB is just a smaller, slightly faster BTC. XRP is centralized shit. ONLY DASH has instant transactions with instant respendability by default. DASH has cheap onchain privacy as well with a protocol level implementation of CoinJoin. So all in all, you're wrong, cryptos are here to stay, although individual chains will start dying off due to unpopularity, the idea and concept is solid. Right now TPTB need an event large enough to crash the markets but somehow not devastating enough to the mind of the average joe to make it unpopular when central banks roll out their own crypto. Because the future IS digital crypto currency , it just won’t be BTC or any others, it will be issued by central banks, to you, via your social credit score and all kinds of games will be played with it to manage the economy. “3x your normal UBI allocation has been placed on your chip! But act fast! These credits will expire in 2 days.” “A bonus UBI payment has been made to you but can only be used for GMO grain products within the next 24 hours!” “Due to the climate harming effects of gasoline vehicles, your UBI credits will no longer be allowed to purchase gasoline except on Saturdays and in limited amounts.” Gonna be a shit show. The problem with this narrative is that govts and banks DON'T SET THE TONE. They don't have control. They can only suggest and build a system that parasites you. But you have to agree to use it. If you don't they starve. Cryptos don't exist because "they were given permission", they evolved naturally due to the abusive nature of caucasians and their exploitative "systems". So nature responded to these frauds by throwing cryptocurrency out as a pressure relief valve. Trying to shut that valve would do more damage to everything than just letting it run. Because of this, while BTC, BCH and XMR will not be able to survive, coins like DASH that have the fundamentals necessary will in fact survive and thrive in the future. |
Anonymous Coward User ID: 78576101 United States 04/23/2021 09:09 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! 3. BTC is OLD TECH. It can't scale, is SUPER EXPENSIVE and has no privacy. For these reasons and more, DASH digital cash was created in 2014. There are other coins like BCH, XMR, DGB, XRP, but these coins are all flawed in some critical way. BCH IS ACTUALLY VULNERABLE to mining problems since they use the same hashing algorithm as BTC. So they could be attacked (and destroyed) at anytime since they're a minority fork. Quoting: Anonymous Coward 79023994 XMR is a shitcoin. It takes 20 minutes between consecutive transactions, and 1 hour just for full confirmation. BCH also takes 1 hour, but you can at least transact consecutively without an extra wait like XMR. DGB is just a smaller, slightly faster BTC. XRP is centralized shit. ONLY DASH has instant transactions with instant respendability by default. DASH has cheap onchain privacy as well with a protocol level implementation of CoinJoin. So all in all, you're wrong, cryptos are here to stay, although individual chains will start dying off due to unpopularity, the idea and concept is solid. Right now TPTB need an event large enough to crash the markets but somehow not devastating enough to the mind of the average joe to make it unpopular when central banks roll out their own crypto. Because the future IS digital crypto currency , it just won’t be BTC or any others, it will be issued by central banks, to you, via your social credit score and all kinds of games will be played with it to manage the economy. “3x your normal UBI allocation has been placed on your chip! But act fast! These credits will expire in 2 days.” “A bonus UBI payment has been made to you but can only be used for GMO grain products within the next 24 hours!” “Due to the climate harming effects of gasoline vehicles, your UBI credits will no longer be allowed to purchase gasoline except on Saturdays and in limited amounts.” Gonna be a shit show. The problem with this narrative is that govts and banks DON'T SET THE TONE. They don't have control. They can only suggest and build a system that parasites you. But you have to agree to use it. If you don't they starve. Cryptos don't exist because "they were given permission", they evolved naturally due to the abusive nature of caucasians and their exploitative "systems". So nature responded to these frauds by throwing cryptocurrency out as a pressure relief valve. Trying to shut that valve would do more damage to everything than just letting it run. Because of this, while BTC, BCH and XMR will not be able to survive, coins like DASH that have the fundamentals necessary will in fact survive and thrive in the future. Ok yeah right... So do they pay you by the post or by the hour? |
Anonymous Coward User ID: 80275871 04/23/2021 09:09 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 80266622 Luxembourg 04/23/2021 10:28 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! i am 100% sure that the blockchain has no future ... and yes there was an accident at a coal mine which collapsed, and because of this incident the entire region in china had no electricity and because of this the entire miners around this area have been stopped mining ... so that was the real cause of the btc crash lately you can google it if you dont believe me |
Anonymous Coward (OP) User ID: 80266622 Luxembourg 04/23/2021 10:30 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! i am 100% sure that the blockchain has no future ... Quoting: Anonymous Coward 80266622 and yes there was an accident at a coal mine which collapsed, and because of this incident the entire region in china had no electricity and because of this the entire miners around this area have been stopped mining ... so that was the real cause of the btc crash lately you can google it if you dont believe me [link to fortune.com (secure)] |
NawtyBits User ID: 80159437 United States 04/23/2021 10:37 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and the entire blockchain is Doomed and will not be the future and here is 100% proof why! 9. when you have millions from bitcoins or other cryptos gained, what does the tax office say about this? Quoting: Anonymous Coward 80266622 i mean there is no regulation currently that says when you take out 5 millions of dollars from your bitcoin gains that you must pay taxes on it ... and this is something incredibly dangerous... they can come after years and take your money and belongings away if you taken out millions of dollar years ago ... In the US, if held for less than a year and sold, it's considered income, and taxed at your nominal rate, 35% for me. If it's held for over a year, it's considered a capital gain and taxed at 15%. If I make 1,000,000 and have to pay 400,000 in taxes, I still made 600,000 dollars. I'll pay the friggin taxes on that in a minute, with a smile on my face and a song in my heart. WWJBD-What Would Jimmy Buffett Do "If it's wet and not yours, don't touch it." Oregon H1N1 Summit speaker |
Anonymous Coward User ID: 79960548 Canada 04/23/2021 10:52 AM Report Abusive Post Report Copyright Violation | |