this post was submitted on 17 Jan 2026
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Bitcoin

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[โ€“] HumanOnEarth@lemmy.ca 1 points 3 days ago (1 children)

I think it's a fair argument but also one that would sound very reasonable 14 years ago.

The incentives for participation prevent the price from falling that far. My opinion only.

14 years ago things were looking good, it has changed now. There is not much participation apart from speculators, they will all dump when the trend is downward. Bitcoin needs true utility to continue however this is not possible because it has been hijacked and crippled from being used as actual money by a large number of people paying fees to sustain miners.

[โ€“] sonalder@lemmy.ml 1 points 3 weeks ago (1 children)

Oh yes I should listen to a salesman selling me blockchain technology instead of currating the best Andreas Antonopoulos speech.

[โ€“] CashDragon@realbitcoin.cash 1 points 3 weeks ago (1 children)

Sounds like you did not read the post and just replied with an emotional reaction.

[โ€“] sonalder@lemmy.ml 1 points 3 weeks ago

I did not read it in its entirety I have to admit. I've read what I think would be interesting then do a bit of research on the man.

[โ€“] JustVik@lemmy.ml 0 points 3 weeks ago (1 children)

The most real reason that can collapse bitcoin is the rate of increase in the size of the blockchain.

[โ€“] CashDragon@realbitcoin.cash 1 points 3 weeks ago

Definitely not, the blockchain is just a database. There are companies with databases that are 1000 times the size.

Disk space is extremely cheap and it would cost only about $500-$1000 per year to upgrade.