Emil Oldenburg the co-founder and CTO of bitcoin.com

Bitcoin is "as good as useless" and has no future as a tradeable currency s

REASONS

• Bitcoin market is illiquid the market and if people realize they will sell off their bitcoin

• Bitcoin's drawbacks are high fees and transaction lead times...

• Bitcoin is being run by the old bitcoin network, the members of which he calls "fanatical bitcoin talibans" and they are resisting change

He also reiterated, the reason why bitcoin holders haven't understood these risks, is because most have so far only bought the cryptocurrency - but never sold or traded with them.

"As soon as people realize that this is how it works, they will start to sell," ...

HIS RECOMMENDATION

• Oldenburg believes there's a brighter future for Bitcoin Cash, a spinoff currency of bitcoin that is now being actively promoted by bitcoin.com; As he said, i have in fact sold all my bitcoins recently and switched to bitcoin cash,"

Source

Does this scenario portend the decline if not the end of bitcoin?

Please upvote and comment your views.

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Originally posted in the /f/bitcoin forum on chainBB.com (learn more).