Bitcoin is obsolete and should be allowed to die, may the best cryptocurrency win...
I see all these Bitcoin $50,000 predictions all of a sudden... I ask myself why would anyone spend $50,000 on BTC when you can get an altcoin that can do it better for a couple of dollars.... Im all about the technology here, block chain and Directed Acyclic Graph and whatever is next...... But lets be realistic in the digital world once a better system comes out it makes the previous one obsolete...
I would like to see a free and open market here, but I don't think that has been achieved yet in cryptocurrency. I believe its coming is inevitable.... In my mind starting in October 2017 I saw a huge shift from Bitcoin to altcoins and BTC's recent drop to $6,111.....I believe this to be further proof of a shift away from BTC and ETH .... Right now one thing thats holding the tech back is having limited exchange pairings, Etherium and Bitcoin primarily make up the trading pairs and thats one of main reasons these coins are even still at all relevant....
Things such as: scaling problems, mining power consumption, centralized mining, mining difficulty adjustment that is too slow make BTC obsolete.... Things such as: scaling, funds stuck in parity wallets they wont recover but the whole start of the coin was based on the recovery of funds from the Etherium classic DAO hacking,these things make ETH obselete
I look forward to the future of coins like NEO, ARK, BITCORE, BURST, NANO, VERTCOIN, DIGIBYTE etc. Whaat coins and technology do you look forward to???
I'm sorry - but you're wrong.
Bitcoin has scaling issues because it's growth exceeded expectations, a solution has already been implemented, and as adoption of this solution is increased, the scaling issue will be over.
If you don't already know about the lightening network, you should do more research. Vertcoin has also implemented the same feature.
The lightning network makes BTC go from 7 transactions per seconds to 28 on chain transaction per second and im being generous with that figure... much much too slow.... To compare NANO is 100,000 transactions per second.... Bitcoin in all ways is obsolete and patches built on top will never be as nice and simple as a better idea from the start.... Yes Vertcoin is a nice coin and it can do everything bitcoin can do for just a few dollars, so do you see my point?
You didn't circulate the problem in Bitcoin, so there is not much to say. You just say it's obsolete, but it receives updates.
If the problem is "obsoletness", then it's required that you clarify what is and what is not obsolete..
Towards the bottom it says "Things such as: scaling problems, mining power consumption, centralized mining, mining difficulty adjustment that is too slow make BTC obsolete.... " I suspect we will see BTC used as a method to exchange for altcoins for awhile... However i see the price dropping to $5,000 for BTC and hopefully the altcoin tech race can really start...