Post
Topic
Board Trading Discussion
Re: Bitcoin will never be used for trading. Discuss.
by
HeRetiK
on 01/01/2018, 17:54:00 UTC
Bitcoin will never be used for trading. Why?

...as mentioned by the other posts, BTC actually is used for trading, but I guess you are talking about BTC as a large scale payment network.


- Extremely slow transactions
- High fees

Fees were low and accepting instant 0-conf transactions for small amounts was viable until just about a year ago.

Transactions will be instant and cheap again, once Lightning Network is deployed.


- Inability to solve these issues due to lack of consensus, poor governance, and a generally toxic relationship between investors and the technology

Everyone who disagreed with the approach the core development team was taking simply forked off. Those that stuck to core are pretty much on the same page right now. It was a slow, painful process with a lot of drama, but in the end everyone got what they wanted.


Now I could be wrong, and I would gladly accept that I am wrong if someone could give me clear, coherent, and rational reason for utilizing bitcoin as a actual cryptocurrency and not a cryptocommodity.

You can use Bitcoin as whatever you want. You can choose alts over Bitcoin, if that makes more sense to you. That's the beauty of a free market of currencies.