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RE: Bitcoin Receiving Increased Investors Confidence and More Investment Coming to Cryptocurrecny Market
Bitcoin should stick to being the currency medium for all other currencies and leave the job of acting as a payment for goods to other more efficient technologies. It was the first, but the core developers are strangling it with a desire to keep its legacy functionality ergo we have all these splits..
We also have some theorizing that smart money is beginning to move out and onto Bitcoin Cash. A point of interest is to see what the miners are doing.. https://www.coindesk.com/confusion-euphoria-bitcoin-cash-30-billion-2000/
@pawsdog Why do the critics of Bitcoin seem to have this expectation that all things should be perfect now or else the technology is ridiculous and has no future. Why do they think ithis way? Probably because we are born into this world surrounded by tools that have already gone through the process of adoption. The globally weighted average-high Bitcoin prices are going higher.Every day, the news gets more favorable toward developments in bitcoin cryptocurrency. So keep on hoping the best
Pawsdog point is completely valid. BTC has major governance issues - which suggest future technical improvements are going to be intermittent at best, and may not happen at all if the community gets completely locked.
That is just a fact. It is also a fact that there are many alt coins that are already technically superior to BTC and with better governance will continue to get better very quickly.
BTC may survive as a long term store of value, so called digital gold.
BTC has no chance to become a global payment system at this point. It is too slow, to technically outdated, and with poor governance has no chance to fix itself fast enough to stay relevant as a payment system
I agree