Post
Topic
Board Economics
Re: People are extremely biased towards bitcoin.
by
CrowdFunder
on 22/12/2017, 02:30:40 UTC
Most people here and reddit will defend bitcoin no matter what instead of looking at the problems. Every time someone comments something about the speed or transaction fees they will just yell ''FUD'' or ''Another attack on bitcoin'' but it's not always that. I have been a strong supporter of bitcoin myself but we have to face it, it's not in a good position right now, sure the price is great but what else? Insane fees that are not getting solved any time soon? I know the demand is high but the ones that are buying are just buying to sell eventually not to support bitcoin, not to use it. The demand will eventually fade away and what do we have left? An outdated bitcoin that won't be able to compete with better coins.


Well if the 2mb hard fork happens then the fees should get resolved in the short term but I agree with you that people refuse to see the problems associated with bitcoin but that is because they are so heavily invested they don't want to believe it isn't anything but perfect.

Honestly I expect alts to eventually take over the lead but bitcoin does at least have further scalability coming on the way, a segwit wallet is soon coming out and it is being used more frequently now, 2 mb blocks should b here soon and that hopefully will give enough time for lightning to be deployed.