The Swedish co-founder of Bitcoin.com explains why he sold all his bitcoins

in #bitcoin7 years ago

bitcoin-758x569.jpeg
Emil Oldenburg, the CTO and co-founder of bitcoin.com is extremely skeptical about the Bitcoin’s future.He is not the first one to criticize Bitcoin though his statement came in as a huge surprise considering he is the co-founder of Bitcoin.
One of the issue Oldenburg had with Bitcoin is the high transaction costs and the lead time. As the Bitcoin prices are increasing rapidly. the transaction fees are also doubling every second month and it typically takes around 5 hours to confirm a transaction.
Oldenburg wants to convey the message that people think Bitcoin is a great investment but they have only bought it, they have not sold or traded with it yet and that is where the problem is.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 68195.23
ETH 2703.52
USDT 1.00
SBD 2.78