Post
Topic
Board Bitcoin Discussion
Re: Are you surprise by bitcoin price now?
by
normanu
on 17/11/2017, 13:51:28 UTC
yes and no

I'm not surprised as Bitcoin is gaining popularity, more and more people are investing and apparently the fork that was cancelled is apparently coming again, so everyone wants free coins.

And yes I am surprised as Bitcoin is in fact crap, because of the difficulty level only chinese miners with specialised equipment can still mine.
Transaction times are > 30minutes and the fees are crazy high.
There should be a new coin that stays minable with normal equipment has extremely fast transaction times and low fees.
With transaction times of 30m it will not be a viable payment method in normal stores.