I have my doubts about bitcoini cringely
I find a lot of posts here about people complaining how their transactions took upto a day to confirm, and I think as user adoption and transactions increase, we might hit a bottle-neck. The transactions per second may not be significant now, but it will be then! When you talk about Visa and Matercard your talking about day to day spending. It could be Monero or Dash or one of the other payment currencies that will be used for this space. Bitcoin is not high frequency or high volume and may be more used as a store of value or bank account type currency.
When you compare it to gold for example you cant make a lot of transactions per second with that but its still used as store of value. Its stable and safe. Maybe bitcoins transactions will reduce over time but be used for more specific things such as interbank transactions and long term store of value?
BTC should and hopefully will fix itself over time given the high amount of capital. But here's a little something - there are too many BTC salesmen not really telling it as it is when promoting to others. Well, maybe that has been the way with everything that sells well: I am optimistic as to the future of BTC, but cannot agree more with your observation regarding its "hardsell". We could maybe learn a lesson and see that we steem do not repeat that!
Yes I had read that post by dantheman , and he is on the same page with the article as to control of the coin.
There's another article floating around talking about how the Chinese government is getting a cut of the mining farms and they would likely not want to upset a good thing they have going.
Doesn't the freedom to exchange between literally hundreds of other cryptocurrencies make any attempt to dominate a single currency and prevent technical changes inconsequential and even detrimental to the interests of the majority shareholders?
If people no longer support Bitcoin or disagree with the decisions for technical change, or lack of, they can simply exchange it for another asset. Jamie then references a theregister. Attributing a single cause to a price boom, like the recent bitcoin move is what Taleb would say is part of the narrative fallacy. As pointed out in Chapter 6 of The Black Swan , "The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship , upon them.
Where this propensity can go wrong is when it increases our impression of understanding. Chaos, meaning new information, randomness, and turbulence, void of a singular cause. Also from chapter 6, "Whenever there is a market move, the news media feel obligated to give the 'reason. I am by no means an expert, but it reads like fluff to me. This post has been ranked within the top 80 most undervalued posts in the first half of Jan See the full rankings and details in The Daily Tribune: To get appropriate guidance regarding tax compliance for your own jurisdiction, you should contact a qualified accountant.
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