Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is attracting the wrong people
by
Mike Mayor
on 13/10/2017, 00:54:50 UTC
We've been living for more than 2 years with the scalability issue, and there's real drama here, because nothing is fixed, mempool is rising again. Blocks are full. I already made a topic about it sometimes last year (or was that the year before? I don't want to check). I thought SegWit would be a nice step solution but it's dead, and the SegWit 2X thing is already dead before launched.

What's next? There are topics about Amazon suddenly accepting BTC, but the people who expect this, haven't understood that Amazon would kill BTC if it accepted it. The network couldn't handle such a huge number of additional transactions.

The worst part is that despite all this, BTC's price keeps on rising. That makes me richer, but sad because the people who invest in BTC today, cannot share the enthusiasm and the ideals which made me invest in it in 2013.

It is now obvious that BTC will never replace credit cards. BTC is slower than Paypal, and sometimes even more expensive. The past 2 years have clearly shown that there won't be a quick fix to BTC's problems. All the early adopters know that. If BTC's price keeps on rising, that is because the newcomers DO NOT care about BTC. They just want to make a quick buck.

Sorry to say this, your post makes no sense to me. What exactly is the point here?

 
Quote
It is now obvious that BTC will never replace credit cards. BTC is slower than Paypal"
You claimed to be an early yet you seem not to be know that Lightening Network will fix this? Was Bitcoin even meant to replace Credit Card?



It's a ridiculous post. I can't believe a legendary can talk such utter crap. Please I would love to know how amazing would destroy bitcoin when it will increase the use. Obviously we will need more processing power and more miners will be available so that is a stupid pointless argument.

Oh btw people who don't support Bitcoin and want a quick buck almost always screw up because they here for the wrong reasons and have too much greed. I welcome such people with open arms. Their money becomes ours. How can you bit understand this. Dies the OP even trade?