Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin really gonna be dead?
by
Joebobb69
on 02/02/2018, 14:31:43 UTC
No one knows the future so any answer would be a prediction of the possibility. I believe that Bitcoin needs upgradation to deal with high transaction fees and confirmation time. Bitcoin has a tremendous potential to acquire the huge micro transactions market but in order to do that, the fee must be less than $0.01 and confirmation time should be less than 10 seconds. If we could somehow reach this target then I do see huge potential for the growth otherwise Bitcoin would remain as a player of international funds remittance industry.

And this is exactly the problem with Bitcoin.  If you "upgrade" it, it won't be Bitcoin anymore!  This is why Bitcoin is such a poor investment.  There will be numerous other cryptocurrencies that come along and replace it because they're more efficient and work better in the economy.