The greatest threat to BTC (and the whole cryptocurrency as a side effect) is the fact that market traders can lose hope when something is not working properly and the lie is exposed

BTC managed to "fix" this by going for a "Store of Value" claim and "Digital Gold" narrative, but it's not enough. It's merely letting them stay afloat because these traders are aware of the past and present.

People treat BTC as some sort of new stock market and assume similar functions, and when BTC's lies get exposed by a large-scale operation (i. e. non-BTC adoption by a large business as currency, or god-forgive become a reserve currency of a country), the price will fall. Why?

They need to extend the web of lies by taking down all pre-2017 Bitcoin activities that promote usage and replace the white paper, and users of the Internet are dumb enough to treat some outdated info as true, walk to r/Bitcoin or r/BitcoinBeginners and complain about fees, then find our little community and learn the truth.

Because all markets are paired to BTC, the BTC death spiral (in my guess) can either do the following (exaggerated to the extreme):

  1. Mass-withdrawal from all cryptocurrencies, therefore the failure of the Peer-to-Peer Electronic Cash.
  2. Mass-withdrawal from all cryptocurrencies towards centralized digital money controlled by the governments, therefore the failure of the Peer-to-Peer Electronic Cash.
  3. Mass-withdrawal from BTC towards other working coins, creating a very large price hit yet the cryptocurrency market survives.

With this in mind, the greatest thing you can really do is to promote adoption and make those who have adopted make more people adopt the actually-working Bitcoin: Bitcoin Cash. Consider that there are only millions who know Cryptocurrency, and these people are either (in approximation):

  • those that follow the (heavily biased) news
  • Bitcoin Maximalists
  • Darknet users
  • "I'm already content that it works even if it's custodial" users
  • "I have no idea why I shouldn't use Bitcoin" users
  • Bitcoin-paid trolls
  • Pre-2017 Adopters
  • Coin developers
  • Governments with large central banks
  • Market traders who simply "speculate" based on previous "predictions"

We should no longer focus on these people and focus more on adoption in places that really will make better use of it. Those who really know how to do their research, those that do need money but cannot simply use it because of heavy regulation.

u/georgedonnelly has the right idea, focusing on small businesses.

Those that will claim and talk about the BTC-BCH ratio don't know what they're talking about, and the same to those that complain about the number of transactions BCH has. All of the Bitcoin news is just "prices" these days, not technology.

The Bitcoin white paper's main goal as a white paper is to create a solution to prevent digital cash from being double-spent by malicious actors. BTC now has RBF and intentional double-spending functionalities on their ecosystem.

BTC is a dead man walking.

Keep the truth alive.

submitted by /u/RowanSkie to r/btc
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Quelle: bitcoin-en