You are viewing a single comment's thread from:

RE: BITCOIN Parabolic trend continues - CONFIRMED

in #bitcoin6 years ago

Oh wow, you are the first person I meet, that is so positive about BTC!^^
For me it´s simply unusable at the moment - extremely slow and overloaded and fees that make good old bank transfers look like a way better option. I know, that the Bitcoin community is teasing Lightening as the solution for all that, but while they are testing and discussing ("fighting" being the better word), there are already working blockchains with seconds transaction speeds and no fees (one of them we use just now).
In a sense, Bitcoin has become the Microsoft of blockchains - they were first, but since then, they are always behind - and yes, I know, MS is still around, but mainly because the market is different and so much slower than crypto - also MS had such a large market share, that over the years losing more and more still kept them in the market. It´s different with Bitcoin - as we saw already over a few weeks, its market share got reduced from 60% to 30% - which is a huge and very fast decline.
Lightning may (if it will ever come and there is consensus about it) make BTC look prettier, but under the makeup it´s still outdated and quickly aging technology.
But hey - I respect your opinion, and it´s good to know, that I now know at least one person, that is totally bullish over BTC!
Old coins deserve love too, right? lol

Sort:  

I have never been more bull on bitcoin than now, that's for sure :)

Segwit was bashed but is working nicely. Mempool is down, transactions are done quite fast, and it is CHEAP again.
Lightning IS working, there IS consensus about it and it WILL be shining soon.

The old bastard got more news than most, but it is not hyped, it is worked. Here is some:

  • Bech32.
  • MAST/Taproot.
  • MuSig/Input-Sig aggregation.
  • Better SPV/Neutrino.
  • ConfidentialTx values with Bulletproofs.
  • ScriptlessScripts in signatures.
  • Simplicity script engine.
  • Covenant time-locked funds.
  • Dandelion ip hiding.
  • Encrypted P2P.

Ok, still I´ll wait and see, when this is all about to happen. Until then I´ll have to rely on Ether for buying/selling altcoins.

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.029
BTC 65771.81
ETH 3174.77
USDT 1.00
SBD 2.61