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RE: 📝 3 Reasons Why Bitcoin will Come to Fall (From an Utility Perspective 🛠)

in #bitcoin7 years ago

You do realize that if Bitcoin were to be worth a million dollars (and therefore picked up globally), its fees could exceed 100's of dollars per transaction. The transaction time would take days, if not weeks to send over. And the energy consumed would at least be half of the worlds population. Pretty much all the points I addressed on this article why it can not happen...

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Nobody I know is using Bitcoin for transactions.

We all own many coins and are switching between them, so there isn't any need to send actual Bitcoins anywhere at all except for hodling them inside a hardware wallet. ETH, LTC and Dash are the transactional coins.

The most superfluous coin on the market today is Bitcoin Cash - though many see it like an interesting short-term investment when it's pumping.

A lot like BTC, though not quite as it's totally lacking the nimbus and its propagators are unsavoury.

If you are having any issues with details and opinions mentioned in the cointelegaph article I posted, please take them up with the people who authored it.
You do realize I mainly posted it to relativize what I saw as concentrated FUD on this thread - it's however enlightening that the FUD isn't this time being spread by haters and Roger Ver minions but by folks who hope to be visionaries - I'm inclined to call that a positive development.