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by mamon 3062 days ago
>> Bitcoin isn't really attempting to fulfill the currency use-case anymore

... because it failed miserably at it, due to technical limitations.

Now we hear a story about "digital gold", but you know what that story really is? It's just the people who bought Bitcoin on its historical maximum (near 20k USD) refusing to admit their loss and hoping for a miracle.

1 comments

They weren't technical limitations. It failed due to problems with its community. They deliberately drove it off a cliff-edge and claimed the new broken Bitcoin was better than the old working Bitcoin.
I thought that those insane transaction fees and processing times were due to technical decision to use too small block size, and to hashing algorithm used. But I'm no expert on technical side of Blockchain so I might be wrong about that.