BTC DED - tx's at January 2016 level

Honestly, we can't ignore this any longer.

BTC Transaction count is back at January 2016 level, why the fuck is BTC still nr1?

source: blockchain.info/charts/n-transactions?timespan=all&daysAverageString=7

Other urls found in this thread:

etherscan.io/chart/tx
twitter.com/SFWRedditGifs

And yet mining is at an all time high..

Yeah this coin is shit, we all know. 50K BTC incoming.

And now take a look at ETH, which still handles the majority of all crypto transactions daily.

Of course transactions took a hit in the recent bear, but it's doing MUCH better still.

Why the fuck haven't we flipped yet is beyond me.

source: etherscan.io/chart/tx

ETH now doing 5x the amount of transactions of BTC.

What matters is block size since we have a lot more batching txs compared to 2016 and early 2017.
Block size only dropped on the 25th because coinbase implemented segwit.

Low tx is because everything is cheaper to send than btc. Low volume means it would be easier to instigate a pump and dump. someone with $50 million could probably run the whole thing back up to $20k

Nothing will ever flip btc
Ever
Screencap this

Interesting, so what is your look at the state of BTC currently?

I think 80% of BTC holders keep it on exchanges, completely missing the point of being a decentralized crypto.

Batching unaccounted for.

Nice try Roger but we know it’s you

It's digital gold dumbass why would you want to actually spend it

BTC is now primarily a store of value. It is digital gold now, you just fucking hold it (or trade it on exchanges). Personally i'm bullish on the concept. If everyone agrees its a store of value it has a lot of advantages over gold (liquidity/accessibility).

Core shills/apologists are hilarious. Usage is way down, even accounting for batching. Just check outputs.today and go to the outputs section. BTC has absolutely failed to keep the value promised to it. Like Hilary, it managed to snap defeat from the jaws of victory.

You cannot be this stupid, honestly, please tell me you are joking with your reasoning. Every ponzi in existence is then a store of value, well, until it isn't.

We'll see soon enough. There have been a lot of optimisations regarding orphan rate and propagation/verification time. Once we get closer to 2mb, we'll see how well it performs (orphan rate is important).
Anyway, Coinbase plans on implementing batching, so that's something to look forward to.

>loses 50% of it's value in 2 months
Nice store of value lmao

Increases hundreds of percents in a year, and corrects a bit. Doh.

>analyzing charts that are directly correlated to price

blockchain tech is an emerging asset class. In an increasingly digital world the concept of digital gold is not that crazy. The longer BTC is around and maintains value the more it will be considered for investment purposes as a store of value

It’s still number one cause it’s still the most widely used to buy other coins

it was meant to be used as a currency prior to segwit2x and LN, now it's pretty much agreed that bitcoin is an asset it's being used less as a currency in the traditional sense.
LN may or may not enable it to be used as a currency, but it's current role is being an asset, which means a lot less (and a lot higher-value, per transaction wise) transactions.

segwit*, not segwit2x unfortunately

and even if LN re-enables its role as a currency, it'll still have a lot less on-chain transactions then it would have had if core took a different direction