soooo

I just sold 0.0107 BTC for like $181 after reading online that BTC will go down in 2018, when I sold it it was about 15k per BTC, so yeah i just hope I didn't fuck up.

What are you planning to do with your coins? Any suggestions or whatever?

Did you get fucked with fees?

Buy BCH with that.

Originally Posted by Salem

Did you get fucked with fees?

Buy BCH with that.

nope actually I sold them on cex****, yeah actually they mentioned a 0.01 BTC fee, but tbh I didn't really cared that much.

EDIT: Heard about the BCH rumor before, just bough $100 BCH let's cross our fingers now.

It will go up by a lot in 2018 (but I also think the death of BTC will be end of 2018 or early 2019). BTC is getting closer and closer to mass adoption with the only underlying problem being transaction confirmation times and transactions fees. BTC is also very close to solving this issue with lightning network.

Originally Posted by Allura

It will go up by a lot in 2018 (but I also think the death of BTC will be end of 2018 or early 2019). BTC is getting closer and closer to mass adoption with the only underlying problem being transaction confirmation times and transactions fees. BTC is also very close to solving this issue with lightning network.

Ah, yes. The Lightning Network which was going to be released within 6 months in Dec 2015 and also mathematically proven to be a centralized scaling solution.

The LN system is so convoluted and makes so many promises that it cannot possibly work as a trustless system. The concept of LN is trustless but a month ago it was pushed to Layer 3 and something else is being added into Layer 2 to even further convolute the subject.

The reason I say that it can't work is because for it to be trustless and without hubs, it requires TWO transactions on the block chain and one in the LN channel to make a transaction. A total of 3 transactions and thus 3 separate fees. LN is vaporware. People will tell you it's supposed to be released early 2018 (it won't) and that it's functioning in the testnet. Maybe it's functioning but it is with the same scenario that I just described above.

LN is a solution looking for a problem to solve and Blockstream/Core have prevented a block size increase in order to drive demand for their solution.

Originally Posted by Salem

Ah, yes. The Lightning Network which was going to be released within 6 months in Dec 2015 and also mathematically proven to be a centralized scaling solution.

The LN system is so convoluted and makes so many promises that it cannot possibly work as a trustless system. The concept of LN is trustless but a month ago it was pushed to Layer 3 and something else is being added into Layer 2 to even further convolute the subject.

The reason I say that it can't work is because for it to be trustless and without hubs, it requires TWO transactions on the block chain and one in the LN channel to make a transaction. A total of 3 transactions and thus 3 separate fees. LN is vaporware. People will tell you it's supposed to be released early 2018 (it won't) and that it's functioning in the testnet. Maybe it's functioning but it is with the same scenario that I just described above.

LN is a solution looking for a problem to solve and Blockstream/Core have prevented a block size increase in order to drive demand for their solution.

Good reply back, but please credit authors before copa pasta
Source: https://www.reddit.com/r/btc/comment...tepaper_today/

Originally Posted by Allura

Good reply back, but please credit authors before copa pasta
Source: https://www.reddit.com/r/btc/comment...tepaper_today/

e x p o s e d

Originally Posted by Allura

It will go up by a lot in 2018 (but I also think the death of BTC will be end of 2018 or early 2019). BTC is getting closer and closer to mass adoption with the only underlying problem being transaction confirmation times and transactions fees. BTC is also very close to solving this issue with lightning network.

I've heard around you can't even use it to make small payments anymore (due to fees), plus the mining is getting harder and harder. Take a look at the charts, the same time (around mid November - Early December) that BTC had a HUGE rise most of the other "known" currencies rose as well. I think people started experiencing high fees and thus left. Plus let's be honest ETH and XRP can be used for so much more than just currency that I guess they are the true way to go. As for BCH I think since it solves the transaction fees problem it will most likely replace BTC in the near future.

There’s probably something better that is going to replace bitcoin in the future.

soooo

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