Re: bitcoin technology has been obsolete, why bitcoin prices still expensive?
How is bitcoin technology outdated?
You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.
Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.
You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.
Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.
Bitcoin is not outdated, the people saying this is probably invested in another coin and they want other people to invest in that, so they have to smack talk Bitcoin for those people to invest in all these other crappy coins. Some people also wants to brag that they are always better than other people, so they will say crap like this to boost their ego.
Bitcoin is constantly being "updated" and still years ahead of it's closest competition. Let those idiots invest in other Alt coins, they will soon learn that it was a massive mistake.
