It’s time to face the facts...BTC is a popped bubble heading to 0

[Anonymous No.19530337]

Just look at the comments. It’s fucking over.

https://www.reddit.com/r/investing/comments/guja62/where_do_you_see_bitcoin_in_10_years

The Ponzi scam known as BTC has been artificially inflated in a gigantic bubble but its time is done. It has no intrinsic use and the greater fools have run out.

[Anonymous No.19530365]

>>19530337
>reddit

you need to go back and don't even think about coming back here. Ever.

[Anonymous No.19530375]

>Bitcoin isn't going to zero. Anyone that thinks that has completely missed Bitcoins value proposition and shows a lack of understanding. It's trajectory over the long term, is up.
price go up meme is real for these people kek

[Anonymous No.19530421]

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

[Anonymous No.19530446]

“Impact on Bitcoin security. If any of the deviant mining strategies we explore were to be deployed, the impact on Bitcoin’s security would be serious. At best, the block chain will have a significant fraction of stale or orphaned blocks due to constant forks, making 51% attacks much easier and increasing the transaction confirmation time. At worst, consensus will break down due to block withholding or increasingly aggressive undercutting. This suggests a fundamental rethinking of the role of block rewards in cryptocurrency design. Nakamoto appears to have viewed the block reward as a necessary but temporary evil to achieve an initial allocation of bitcoins in the absence of a central authority, with the transaction fee regime being the ideal, inflation-free steady state of the system. But our work shows that incentivizing compliant miner behavior in the transaction fee regime is a significantly more daunting task than in the block reward regime.”

Unfortunately, there is reason to expect that the demand for transactions will fall to very low levels. People are likely to make use of off-chain transaction mechanisms via trusted third parties, particularly for small amounts, in order to alleviate the need to wait for confirmations. Payment processors may only need to clear with each other infrequently. This scenario is not only economically likely, it seems necessary given the relatively low transaction rate supported by Bitcoin. Since blockchain transaction will have to compete with off-chain transaction, the amount spent on transactions will approach its cost, which, given modern infrastructure, should be close to zero. Attempting to impose minimum transaction fees may only exacerbate the problem and cause users to rely on off-chain transaction more. As the amount paid in transaction fees collapses, so will the miner’s revenues, and so will the cost of executing a 51% attack.

[Anonymous No.19531410]

>>19530337
>>19530421
>>19530446
Back to r*ddit

[Anonymous No.19531420]

>>19530337
of course it has no use
(except illegal transfer of wealth)

it is too slow and too volatile to serve as a currency in daily life.

[Anonymous No.19531423]

>>19530337
world economy is the biggest ponzi scam

[Anonymous No.19531501]

>>19530337

[Anonymous No.19531651]

>>19530337
>>19530421
>>19530446
sorry nerds us chads don't care for all your technical shit. we just make millions of dollars from shitcoins that you spend all your time crying about

[Anonymous No.19531667]

>>19530337
If it’s a bubble like all the other bubbles in clown world this is inflating to infinity there’s no brakes on this train

[Anonymous No.19531840]

Who the fuck even browses reddit? Kys