I realized this a year or so ago. The recent block size decrease by the Core team has further solidified my theory about Core's business model. This is about how they are going to make money. I think I'm going to call this a Hostage Attack. It might have been thought of before. I think that they are going to make money off of fees. As the Core blocks get more and more full you will have to pay more and more fees to move money on that network. This is why they are pushing the "Digital Gold" meme. Eventually the fees on the BTC chain will be more than the amount of money that you have on that network and all of your money in BTC will go to the miners when you try to send a transaction. I'm talking about 1 BTC+ fees to send a transaction. They are taking all of the money in BTC Hostage and cutting it up for themselves. The miners who are mining BTC. I think that Core will eat all of their hodlers until there are none left. Get out while you still can. Hopefully this makes sense. Remember to like, comment, subscribe, and share with your friends.
BTC is vulnerable to a Hostage Attack
shameless bump
>Remember to like, comment, subscribe, and share with your friends.
Welcome to 2015 newfriend
And thats why Bitcoin Cash is the real Bitcoin.
>I'm talking about 1 BTC+ fees to send a transaction
You're talking about 7 BTC/second in fees, or 4200 BTC per block in fees. Long before it ever got there a million other people would've started mining. So your scenario is literally beneficial for decentralisation.
SV is the patrician's choice
Dude, what are you smoking? Your transaction will always get through after the queue - Just choose not to pay 1 BTC per transaction. That's the most unsustainable thing I've ever heard
Noobfag detected. I've had a transaction stuck pending for over a week! I had to cancel it and bribe a miner to pick it up so that my transaction would get picked up. Now core wants to reduce the block size even further? Stupid boy. What do you think will happen, idiot? How much more of a moron autist could you possibly be? Dumbass. The absolute state of cucks on this board.
You have a group of people who 100% unironically believe they found the fountain of wealth. Whenever you try to burst their delusional bubble they panic and go into ultra-denial about bitcoin's many flaws. It's a defense mechanism so they can keep dreaming about their Lambo Moon Missions. Accepting reality means accepting having to do actual work to find good coins.