Actually it doesn't. The capacity to process transactions remains the same in that situation, the difficulty adjusts in a 2 week window at least for Bitcoin, targeting a 10 minute block emission period. In the meantime a sudden drop in hashrate would indeed mean blocks statistically coming less often than every 10 minutes but until the hash difficulty automatically readjusts over a relatively quick period of time.
On an anonymous device, in no way connected to you?
If paying for internet/devices to a KYC company, they already got your ID to allow you to get on.
What email provider do you use? If you run your own, is the hosting service in your name? Odds are you have a phone number, name and/or address to someone...
Your digital ID is already here. ID in order to shop online or do any banking at all is already here.
Blockchains are literally the only thing that offer an alternative to what you claim to be afraid of and still offer modern convenience. So quit being a retard/retarded shill.
I'm not sure that's correct. When the global hashrate drops it becomes easier for miners to get coins because there's less competition in the mining.
But less capacity to process transactions, which means increased wait times
But that also means less transactions, typically.
Which pushes down the utility aspect of it
Actually it doesn't. The capacity to process transactions remains the same in that situation, the difficulty adjusts in a 2 week window at least for Bitcoin, targeting a 10 minute block emission period. In the meantime a sudden drop in hashrate would indeed mean blocks statistically coming less often than every 10 minutes but until the hash difficulty automatically readjusts over a relatively quick period of time.
Dollar is also showing a top, while BTC is semi-bottoming (we don‘t know.) This also happened years ago during a BTC bottom.
We don‘t really know.
What next? "OMG! Video-card mfgrs. clutching pearls over potential demand fluctuations!!"?
https://99bitcoins.com/bitcoin-obituaries/
bitcoin death prediction #651216481318
^^^found a hodler down on his investment^^^
Alternatively the U.S. Dollar is definitely printing a few extra trillion per year, driving inflation a lot faster than the acknowledged 8% CPI.
From where I sit, the dollar has been in a death spiral. Bitcoin is at least a “maybe.”
A reserve currency
Trillions in demand via eurodollar system
Wealth AND an army to back it up
Debt % is nothinf compared to whole world which is opposite correlated with the dollar.
Keep the hoping alive lol - you're either foreign or under 40 and dont understand monetary policy or the eurodollar system
LOL
BTC needs to die. Only corporate fucktards are in BTC.
It is shit technology. We don't still drive Model T's...
People need to wake up and break the altcoins peggings to BTC. It's time to showcase blockchain utility, not continue old world banking online.
And sign up for a digital ID while you're at it derp!
Do you have a bank account? Do you pay for internet? Phone? Do you have a government issued ID?
What do you think digital ID is?
Now name something that allows me to pay for goods and services online that isn't KYC...
Retarded - Digital Id to access the internet - absolutely NO anonymity
How are you connected to the internet now?
On an anonymous device, in no way connected to you?
If paying for internet/devices to a KYC company, they already got your ID to allow you to get on.
What email provider do you use? If you run your own, is the hosting service in your name? Odds are you have a phone number, name and/or address to someone...
Your digital ID is already here. ID in order to shop online or do any banking at all is already here.
Blockchains are literally the only thing that offer an alternative to what you claim to be afraid of and still offer modern convenience. So quit being a retard/retarded shill.