Bitcoin will soon be Replaced by a Better Digital Asset. Read this before It's Too Late!!
Bitcoin has always dominated the Cryptocurrency Universe, thanks to its Network Effects and 1st-Mover Benefit.
But, it might soon Lose its 1st Position and its Market Dominance, if a Scalable Resolution is not Achieved Sooner, says Erik Voorholes!!
Who is Eric Voorholes?
Eric Voorholes is the CEO at Shapeshift.
He recently appeared on Let's Talk Bitcoin and discussed with Co-Hosts Brian Fabian Crain and Sebastien Couture of Epicenter.
Scaling has been a point of Debate in Bitcoin Ecosystem for Past 2 Years. It is almost sure, that Bitcoin Network will finally get Long-awaited SegWit ( Segregated Witness) upgrade by August 1st.
Other Thoughts by the Shapeshift CEO:
- He showed Support for SegWit2x Proposal.
- Many Bitcoin Users are either unaware or are ignoring the Scaling Debate.
- SegWit2x is the only Viable, Real Option to Moving Bitcoin Forward.
- Segwit2x is Bitcoin's Short Term Scaling Solution.
- SegWit2x will help Bitcoin come out of Misery Trough, but it might also create some Volatility.
- SegWit2x Activation on Bitcoin Network might lead to a Rally in Bitcoin Price, never seen before.
- This will let everyone refocus on building on top of Bitcoin as Base Protocol.
- Bitcoin's Userbase is Huge, and much Larger than Bitcoin Community at Reddit.
You can See the Complete Interview on Youtube by Visiting link below:
Bitcoin Price in Last 30 Days:
- Lowest Price in 3 Months: 2427.85 USD.
- Highest Price in 3 Months: 3018.10 USD.
- Price Today: 2502.11 USD.
Other Insights:
Hashing Algorithm: SHA-256.
Market Cap of $41,120,738,674.97. Huge, isn't it?
Official Page: http://www.bitcoin.org
Facebook Likes: 32583
Twitter Followers: 229544
Reddit Subscribers: 255928.0
Average Users Online at any point of Time: 3396.0 i.e. Huge. Right?
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