Post
Topic
Board Economics
Re: Should I believe in Bitcoin ?
by
deisik
on 05/12/2016, 09:23:29 UTC
I believe in privacy rights so I must believe in bitcoin. We need to take control of our future and the first step to doing that is by investing in bitcoin and losing our dependency for the almighty USD.
Bitcoin was proof it self being the strongest cryptocurrency,  good alternative for people who get saturated of using paper money and such as investment too like you said. Bitcoin have so many benefit so we should believe in bitcoin.
How about the delayed transactions.what do you think will be the case in future,even now to get one confirmation you need to wait for hours and how about the transaction fees in the future,what will be the standard fees .if you could answer these then you could believe in bitcoin and i do accept the benefits of bitcoin
The problem is not too big yet, I am pretty sure that problem will be sort our in the future especially if the price will continue to increase. The miners are gonna benefit and will continue to operate profitably so they'll gonna help to have a wonderful community and to make the advocacy for every supporters to have a fast and cheap transaction online.

The problem is serious, and it is already hindering the Bitcoin adoption. I don't really see how it couldn't be serious if the Bitcoin network gets close to paralyzed for a few days in a row. In respect to miners specifically, things are not that simple there either. There are quite a few empty blocks popping up on the blockchain now and there, and those seem to be coming from the mining pools that deliberately choose to ignore incoming transactions altogether...

Some of the miners are also using old configurations, and the blocks they generate are only 750k in size