PAY ATTENTION & BE INFORMED PEOPLE.
Now this is not a doom & gloom post/rant, this is a plea to all my lovely humans on this crypto journey with me,
A plea for you all to look up from the price fluctuations long enough to understand what's going on around you
This graphic is a screenshot of what is happening behind the scenes of your crypto trades and I'm focusing on this one factor that is a growing thorn in the side of not just bitcoin but every crypto on blockchain this is why IOTA is nipping at blockchain's ankles.
You see "miners" are "prioritizing" your transactions, understand that take your time and let that sink in (miners are "PRIORITIZING" YOUR TRANSACTIONS; based on "how much" they get paid on said transaction(s).
This means that if you're trying to grab a position on a crypto and timing is crucial; (which can very well be the case if you're really playing the cryptos like day trading)
If your transaction is less appealing to miners than (let's say) John's transaction, then you're (probably) assed out and John gets preferential treatment, essentially allowing the richer to skip you in line anyways the real "power elite" in the current crypto game are the miners! I still don't really like them but I can't front.
IOTA brought this to my attention, I'm not pushing IOTA nor knocking it, what I'm pissed about is the fact that there's really nothing I, or anyone (that's not coding a solution - like IOTA) can do about it.
Mining fees imposed by miners are built into the fabric of the blockchain and when there's a possibility that my success is predicated on the speed in which I act, I don't want some miner hiding in his basement acting all saditty with my money!
Just so happens that IOTA is the ONLY one calling for people to pay attention to this fact and with all the big HedgeFund dudes/dudettes mass migrating to the crypto space, you think they are going to stand for this? knowing that there's a better and "cheaper" way to trade, do you seriously think they're gonna just be "OK" with this?!
NO! They are not!
Which means disruption! by opening up to the rest of the world, we have disruption built into the fabric of our new found crypto world thank goodness they're not talking about discontinuation or transferring but they're also not talking about the transition that is definitely coming, Unless Blockchain can FIX the issue; (which is highly unlikely cause it would mean slitting the throat of the biggest gang in the crypto space ie; the miners) #MinerRetaliation
I'm not going say any more about this now becauseanything further than this would be pure speculation as there's no way to determine truly how people will react but if you're any level of a student of "human behavior" this should make your liver itch!
By Innocey23
