Post
Topic
Board Bitcoin Discussion
Re: Request to all Bitcoin holders
by
zais
on 11/02/2018, 11:45:35 UTC
Either we come up with real innovative ideas to speed up transaction rate by 10 times, increase Bitcoin usage in real world, add more use cases for Bitcoin usages and Bitcoin becomes like Apple/Amazon or it goes down and down and become another Yahoo.

We need to innovate together to take BitCoin to 100-500k USD level.

No more innovations means BitCoin will die. Anything which does not evolve can not survive for long.

The problem in Bitcoin is uneven ownership. It is worth noting that most of the outstanding Bitcoin portions are currently immobile, owned by early adopters including Satoshi Nakamoto himself who allegedly has more than a million XBT. When they decide to drain the coin to the market, that's where the problem will begin to emerge. Supply will flood the market, while demand may not have formed that much. Bitcoin's price drops, and all Bitcoin holders will try to cut loss and exit the market