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RE: What Happens When Bitcoin’s Bubble Bursts? (Part 2)

in #cryptocurrency7 years ago

Most of the BTC mining is done in China. Authorities could deal a major blow to BTC mining easily. https://steemit.com/eos/@iang/eos-with-dpos-is-immune-to-the-gfw-attack-because-it-is-more-decentralised

https://www.dashforcenews.com/bitcoin-disincentivizes-community-harmony/
One of the main reasons BTC can't really get anything done is exactly because it has no governance model. BTC is a tragedy of the commons.

Buying ETH with fiat is just as easy as BTC and several exchanges are already adding Dash/fiat trading pairs. The P2P buying opportunities are also improving. BTC on the other hand is going nowhere except down and Wall Street.

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