Post
Topic
Board Speculation
Re: What is the future of Bitcoin in coming time?
by
kwukduck
on 19/01/2018, 15:22:17 UTC
The most important thing people should know is that Bitcoin Core is fundamentally broken and taken over by a commercial club of banksters.

Bitcoin Core is an environmental disaster.
Bitcoin does not scale.
Transactions are extremely expensive.
Transactions take hours or days to confirm.
Bitcoin Core network, 200B USD market cap, can be consistently attacked with roughly 600M USD/day, compare with PoS this would likely be several times the current market cap to attempt even a single attack!
Bitcoin Core is not private.
Bitcoin Core is not fungible.
99% of all coins are owned by a hand full of people.

Maybe it will go up a little more by idiots not understanding technology, after that it will plummet and better crypto will take over.

Bitcoin Core will be forgotten within 5 years.