Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's elite behaves just like the old banking elite
by
BTCLovingDude
on 11/05/2017, 12:28:27 UTC
Bitcoin is losing it's dominance
you have no idea what you are talking about.

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as a direct result of the greed of the miners. There is no technical reason for keeping the blocksize so low, it's simply politics and human nature: miners are left to decide in their own short term interest and against the interest of the users. This is exactly how old banking behaved and it's sad to see a great dream killed by greed and pointless bickering.
this has nothing to do with bitcoin's dominance and has nothing to do with your claims about it being decreased.

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I have paid in excess of $200 in mining fees in the last month. This is forgone revenue coming directly out of my pocket for a business that does not depend on Bitcoin or crypto. This is on par with fees paid to traditional payment gateways at similar volume. I'm already working at adding the option of a leading altcoin which I won't name and passing the Bitcoin fee to the users. It's just a small business but the tide is slowly but surely turning against bitcoin in the payment arena.
nobody is stopping you, maybe introduce your business here so we can use it when it became so much better when you switched to an altcoin.

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The idea that Bitcoin can act as a "store of value" and only deal with large transactions is delusional. Bitcoin is technically inferior to many of the new altcoins, it's only redeeming feature is the strong network effect it has gained, everybody speaks bitcoin so it makes sense to buy and trade in bitcoins. Once end users switch to newer and better performing altcoins, Bitcoin is dead.
again i am anxiously waiting for you to introduce your business to us so we can check it out and see the effect switching to an altcoin had on your business.