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Yesterday bitcoin's average transaction fee was over $31. Bitcoin Cash and Ethereum both exceed bitcoin's transaction count consistently now, with Ethereum far exceeding bitcoin's crippled transaction capacity.
Another company shilling a coin, hoping to convince many more greater fools. Only goal of this article is to convince you to buy, and to transfer a part of your wealth to them.
Yes, surely these already billionaires whose entire business revolves around publishing analysis on assets, and who don't claim to be holding any major stake in BTC, could only be writing about it because they are shilling...
The section about the fallacy of limited cryptocurrency supply is one of the key insights missing from many Bitcoin discussions: > For those reasons the “limited supply” argument isn’t as true as it might appear—e.g., if Blackberries were in limited supply they still wouldn’t be worth much because they were replaced by competitors that were more advanced. I agree that Bitcoin is interesting as an alternative asset, b…
The analogy doesn't really work because cryptocurrencies aren't interchangeable the way phones are. A better analogy would be if each phone could only talk to people using the same phone brand. If everyone is on iphone and you need an iphone to talk to anyone you care about, the iphone becomes more valuable because of its scarcity. The network effects of bitcoin and the lack of interchangeability between different cr…
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Edit. Nocoiner was removed from the previous comment as it was not intended to be taken this way. My Previous Response( Nocoiner sounds a lot like Antifa or MAGA. Is the goal to lump everyone who doesn't agree with you into a group to ridicule?)
Not my intention at all..updated the to BTC skeptics in case others were offended too.
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Dalio and Bridgewater's internal culture are famously weird and confrontational[0], so your reaction is probably intended. [0] https://www.bloomberg.com/opinion/articles/2019-02-01/bridge...
I stopped reading after that sentence, as I figured any such characterization immediately showed bias - your comment pretty much confirms my suspicions.
1. Some hedge fund will find a way to short Bitcoins.
2. Someone will inject a lot of illegal sh*t into the Blockchain. People already post images, e.g. https://cryptograffiti.info/
3. Authorities have to intervene, the price goes down, the hedge fund gets rich.
4. Lots of whining from people who didn't understand how Bitcoin works. Shoulder shrugs from those "in the know" who converted to regular money shortly before the fall.
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Yes, surely these already billionaires whose entire business revolves around publishing analysis on assets, and who don't claim to be holding any major stake in BTC, could only be writing about it because they are shilling...
The only incentive to write articles like this is to convince others to buy, consequently making more money yourself. This is a pitch, not a fairly supported argument.
Most of the energy used to mine BTC are coal-based. Nowadays there are far more fast and energy efficient crypto currencies based on proof-of-stake.
The world has gone crazy with BTC, like they have with DOGE, Tesla, all latest tech IPOs, you name it.
Non sense stuff with no fundamentals, driven by pure speculation and fan boys.
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Bitcoin will have to adapt in a big way before inflation stops. It needs to crank transaction volume way up, or otherwise collect fees (for example smart contracts) in order to keep mining profitable. Scaling only the price of transactions is NOT going to work, but it has quite a bit of runway to figure this out.
Has the price of transactions gone up relative to the value of Bitcoin? (I don't have a dog in this race, just curious.)