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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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4145084 No.4145084 [Reply] [Original]

There have been three waves of alt-supremacy this year, /biz/

Mid march, mid june and early september

These have all been preceded by a bitcoin mempool build up.

Unironically, all that is needed to kill bitcoin is to use it.

Over 40,000 transactions per day (or 15% of the network) are being sent with less than 1$ fees.

If the network get spammed by another 40k transactions with 1$ fees, it would clog quickly.

Sure it would cost half a million to keep this up for two weeks but for a whale group speculating on altcoins this might be profitable.

>> No.4145101
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4145101

>>4145084

I just realized something. If bitcoin cash/B2X succeeds the mempool will never be full and alts will die forever. We NEED bitcoin around for maximum gainz.

>> No.4145172

>>4145084
But that's not true
this summer there was FUD around bitcoin and that was a reason to get out of btc.
the mempool was not directly related

>> No.4145203

>>4145101
>we must gimp bitcoin in order to profit
Welcome to core!

>> No.4145266

if Bitcoin dies the whole shitshow dies you fuckin moron. Show one normie who will buy something crypto related after losing her investment on btc.

>> No.4145274

>>4145101
But if the mempool, now already close to a 2 month high at 40 million bytes, continues to clog further in anticipation build up toward the fork and then the fork really releases a miner war, delaying the production of blocks. We might see a perfect storm, senpai.

>> No.4145276
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4145276

>>4145266

Monero will still be useful even if bitcoin dies.

>> No.4145296

>>4145266
It doesnt need to die, just become inpractical like it was in may.you remember may?

Send a three buck fee, wait a day to get confirmed?

>> No.4145314

its cuz ppl are moving there btc to buy alts thats why the mempool size rises retard, moving your btc around a bunch wont make alts go up lol

>> No.4145370
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4145370

>>4145084

Appearantly segwit transactions have dropped quite a bit last week,

Segwit transactions are basically compressed transactions and take up less space in a block. The less there are, the quicklier space gets filled and the more transactions get stuck in the mempool.

Anyone know why this drop happened?

>> No.4145417

>>4145370
withdraw your btc to your private key to get both btc1 2x coins. less transactions.
possible fake node signalling to make core look shit or whatever fuckery miners are up to

>> No.4145611

>>4145417

An exchange dropping segwit might also be it.

>> No.4145641

>>4145370
14% of miner income comes from transaction fees.
so segwit is a threat to their profits meaning miners will want to disable segwit during high volume times to get more money.

>> No.4145686

>>4145266
>her

>> No.4145689

>>4145611
exchanges arent on segwit yet lmao

>> No.4145861

Just a genuine question,

Why havent the bitcoin cash people spammed the network yet?

Jihan wu would recoup most of what he spends anyway.

>> No.4146297

If i only had 20 million, i'd put it all in ETH, BCC and LTC and spam the fuck out of core.

>> No.4146355
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4146355

>>4145861
> spamming the network

>> No.4146419

>>4145266

that feel when people thought they 'lost' investment in bitcoin years ago... just to have it be 1000% today


It hasn't died yet faggot, keep dreaming

>> No.4146436

>>4146419

In fact, the more it goes up, the less people will actually sell because they will truly believe:

THIS

IS

BETTER

THAN

REAL

GOLD

>> No.4146705

>>4146355

You may not like it but you're probably invested in an asset that can be crippled for three months with a cost to the attacker of 1/10,000th or less of the network's value.

This doesn't concern you?