So, @davidpakman did an interview with Roger Ver from Bitcoin Cash. Ver seems like my kinda guy. From that interview I think he'd support the values of Peace, Abundance, and Liberty. He kept repeating a point that did actually stick with me. So, firstly I think he understands marketing and messaging and second I think he has a point.
The BTC folks are celebrating the high fees and trying to build btc as a store of wealth more than a tradeable token. I think the store of wealth thing may go over well, but I think the fees are excessive. Ver described them popping champagne bottles open when the fees overtook the block production costs. I can't verify that, but it does seem like the community behind btc has been promoting it.
So, I've had some fears that btc has been taken over by big banking institutions and the first thing that I really see happening is some massive fees... that sounds like big banking to me. Initally I thought BTC was the good guy and BCC might be the bad one, but I think I have to reverse my thinking here. I barely hold any btc and don't plan on holding much. I'm pretty sure I don't like it as a coin, but that may change as things develop. Anyway, the point of high reliability, good network speed, and low cost I think will resonate for a lot of folks and a cash/currency model will ultimately play better in the market than an expensive store of value.
Let's face it the other coins store value too. They just don't cost you an assload to do it.
So, not that I'm into either of those, but I think I'm gonna start rooting for BCC. Also, I'm seeing Steem at $3.30 while BTC is at $15. Either Steem is starting to be more heavily priced based on the price of BTC or the price correlation between btc and Steem may have weakened. Funky times for sure.
What do you think? Which do you prefer? What are your price predictions for the end of 2018 for BTC, BCC, and Steem?
I'm by no means a good crypto trader, so don't take this as advice so much as starting a conversation about it.
The lightning network and segwit will make the transaction fees to go down drastically making this point moot. I'm not sure why Ver keep repeating this point. I haven't look at this latest interview. I've seen him mention the fees multiple times but lightning network is already working on the test net and I think it can even be used on the main network.
Bitcoin is currently more than 5 times the market cap of Bitcoin Cash and Bitcoin has way more devs than Bitcoin Cash.
If the scenario you propose happens and I'm not saying it might not happen, in fact I kept some Bitcoin cash in case but the odds are very much against such a scenario.
At 4:36 Andreas explains the lightning network plus segwit for anyone who has a basic understanding of Bitcoin. It can be tricky to understand but it's understandable. I feel like everyone interested in Bitcoin should give its chance.
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This video does a great job at showing why the LN may centralize transactions and this worries me.
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Exactly - brilliant - Bitcoin IS the bankers now...
Not many people are getting this so far
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This is going to be interesting, I'm fully betting against Bitcoin myself, but we shall see!
I've made my fortune from Bitcoin and moved on to hopefully greener pastures
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Yeah, but about LN we are hearing from at least a year or so. it was supposed to enter in this year but it didnt. So how much more should we wait till a miracle happens?
You either adapt or loose the game.
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I don't think you get quite the point. It's not merely the fees as such, but the fees and the structure. If the new "network topology" of Bitcoin Core so to speak, makes Bitcoin more vulnerable to government infiltration and manipulation or information leakage, then I'm still more comfortable with Bitcoin Cash.
That's even with all the different "issues" BCH has, because the design of Bitcoin is strong enough to handle those a lot better than a group of people redesigning it according to entirely different principles.
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Nice content, keep it up.
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That picture of Andreas just screams EVIL.
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You've figured it out.
I try and take the politics out of things and just look at the technology and the facts. The fact is that BTC is not really a crypto CURRENCY any more and I can't for the life of me figure out why high fees is a GOOD thing. Sounds like the spin-doctors are in the house to me. If I want a store of wealth then I'll use gold and silver. BTC is in danger of making itself redundant. Positioning as a store of wealth with no intrinsic value or asset backing is a recipe for disaster IMHO.
As for Roger Ver, it's hard to tell if he is just talking the talk but I do like a lot of what he has to say. He certainly talks about Libertarian ideals that resonate with me, but there are a lot of people who hate him vehemently.
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Yep, makes 0 sense. If crypto isn't good for transactions, it isn't good.
Not that I'm not Jelly. =p
Steem is a far better crypto than BTC or derivatives. Sooner or later, this will be come widely known enough that BTC will be eclipsed by Steem, IMHO.
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Yes, there is a point in time in the very near future which will be a big deal for STEEM. Will it migrate to the EOS blockchain once it's released? That could be the moment both STEEM and EOS go to the next level.
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I certainly hope so!
I think Bitcoin is a dog and after selling all of mine last week when it was high, I put more $ into Bitcoin Cash, Dash, Monero and Litecoin, along with 10 other smaller altcoins.
At this point I wouldn't touch Bitcoin with a 10 foot pole! It's past it's use by date...
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Completely agree. good choice investing into Dash, Monero and Litecoin. I don't like bitcoin cash. It's exactly as outdated as bitcoin, except it has bigger block size. Once more people will buy in and it will reach max capacity it will need to increase block size, again and again. This is not sustainable. This is a stupid, outdated, and centralized solution.
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Exactly @marc99 ! BitcoinCash is just as outdated as Bitcoin. In all honesty, Litecoin is too. But then again, exactly as @sift666 said, it's all about timing. We should just ride the BitcoinCash wave, then ride the Litecoin wave until their caps are reached, and then just invest in coins who can be the next step going into the future.
Emotions are the worst. We just get emotional about Bitcoin, because we "don't know better" ... but we need to look at the bigger picture, and understand that Bitcoin is not the only coin out there, nor is it even remotely close to being the best!
I wish you the best of luck gents, and hope to get a chance to discuss more with you in the future! Followed you as well @marc99 !
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Followed as well!
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https://antex.cloud/r/4a3
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What I'm hoping to do with Bitcoin Cash is ride it up on a popularity wave, then trade it in for better designed coins, like I've just done with bitcoin.
Timing is everything...
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https://antex.cloud/r/4a3
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Thanks for the tip - but this is Bitcoin mining isn't it?
Bitcoin is a bankers scam now:
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Agreed. The only thing that it has going for it is that you have to usually go through Bitcoin in order to go from alt to alt (that's how it seems to be in Poloniex).
I just posted a rant about Bitpay not working with Exodus wallets. Basically, I have to transfer my BTC from Exodus to Electrum ($50 cost) before I can send it out over the BitPay network (yet another transaction fee).
https://steemit.com/bitcoin/@sirstacksalot/bitcoin-payment-protocol-sucks-for-us-exodus-users
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https://antex.cloud/r/4a3
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Yes. BTC is not here to stay forever. But i am concerned it may drag Dow the whole market with it. More exchanges need to adopt BCC or LTC or ETH as the main one that i bought then traded for other alts. Right now BTC rules that because it has been fully adopted by all exchanges and platforms. But in order for the market as a whole to improve, we need something to pass BTC organically, and then it be adopted by all of the exchanges.
Things are changing. Let’s see where they go this new year
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My thoughts exactly @sift666 ! I expressed the same concerns in the post I made yesterday about BTC fees. Give it a read, share your feedback. I would very much like to engage in a few conversations with people who are not so blind to think that BTC is the king, and always will be, just because it's the first.
PS: Followed you - hope to see good content from you soon!
PS2: I don't wanna spam @aggroed 's comment section too much with links, so you know where to find my post if you wanna read through it :)
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Thanks - great post - following you now
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https://antex.cloud/r/4a3
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Couldn't agree more. Altcoins is where the money should be, because they work. Bitcoin doesn't.
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Well, I got soured on the idea of BTC when I read it takes as much energy to power the BTC blockchain as it takes to run all of Norway for a year. I guess the young whippernappers can't blame the old folks for ruining the plate any longer.
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Consider however that Norway has a population about as big as New York and that the global financial system we already live with consume enormous amounts of energy as well. But with time, as the technology improves, PoW chains will become less energy consuming and could also transition to DPoS.
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https://amerty.cc/register
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I think that even BCH should be counted out in this. I don't think it's fast enough or cheap enough.
Coinbase is going to continue to add more crypto/fist exchanges I believe. As this happens, we have less dependencies on BTC being the go to coin for exchange.
Currently, I think ethereum may take it's place, since Bittrex and other exchanges have ETH/Whatever.
I think as a collective, we need to move away from BTC being the main exchange coin.... We are placing part of our future on an old, out of date, expensive, non-flexible protocol. And while the failure for BTC to change may be partially the fault of the BTC community being toxic, I think it is inevitable that BTC will fail.
Facebook wasn't the first. Myspace was before it. Something was probably before Myspace .... Than you had forums....
The first ideas aren't always the ones to stick, it's the people that come after with even better ideas and innovations.
So, while I am not super clear on BCH and it's advantages, I think it still wouldn't be good enough for mass adoption as there are other choices that have no tx fees, and faster tx times.
If ethereum wasn't constantly bottle necked, I'd put more faith in it.
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IRC FTW!
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Thank you for posting
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Criticizing bitcoin? Yes I get it. Hailing bitcoin cash? no. Increasing block size is not a sustainable solution. Every time more users join the network, bcash will have to increase the block size even more. This leads to centralization of the network, and is not what we wanted when we entered the world of crypto.
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And 7 transactions per second is a sustainable solution. $50 transaction fees and a 200K backlog does not bode well for Bitcoin.
I just posted a rant about Bitpay not working with Exodus wallets. Basically, I have to transfer my BTC from Exodus to Electrum ($50 cost) before I can send it out over the BitPay network (yet another transaction fee).
https://steemit.com/bitcoin/@sirstacksalot/bitcoin-payment-protocol-sucks-for-us-exodus-users
I hope BCH stomps the SH#*# out of BTC for that reason alone!
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I find this reason odd. We still see a storage and computing power increase each year. Saying that increasing the block size will centralize Bitcoin Cash is a bit disingenuous when we can now put 256 GB of storage space on a micro SD card and a 4 TB HDD is only $100 USD on Amazon.
I agree that some people will leave the network due to their storage space issues but many people would also use the increased value of their Bitcoin Cash to buy more storage space to continue as a node.
After reading the white paper and understanding cryptography behind Bitcoin back in 2015 I jumped on board. I did so because I saw the technology removing fiat money and killing fractional reserve lending. The way Bitcoin Core has progressed in the past year it looks more like Bitcoin is becoming a tool for the central banks.
That is not what I signed up for when I entered the world of cryptocurrency.
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So you reject Satoshi Nakamotos design then? That's fine with me, he's not a deity after all. Let's find out in the market place what actually works best.
Just remember; few years ago we didn't have SHA256 ASICS, fiber, SSDs, more than 4 gig RAM in personal computers, multi-core cpus, laptops that didn't overheat as dust built up inside them, broadband, dial up modems, advanced gpus made specifically for gaming.
The longer into the future we go, the more common all of the most advanced tech we have right now will likely become.
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True, but the whole concept of Proof of work is outdated, unpractical and bad for the environment. Look at steem, scales multitude of times more than proof of work coins without breaking a sweat.
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Well, sort of. It does still have many costs baked in, such as inflation and issues relating to PoS. I think that more than PoW vs PoS it's the other parameters that are more important and which give good transaction speed etc.
PoW has a hidden benefit in the way that it works though as compared to PoS, although not as much compared to this "Proof of Brain" as they call it that Steem has.
PoW (as does "PoB" in a sense) creates a lot of noise (figure of speech) which acts as a vortex around the blockchain, sucking in spectators and capital. That capital helps build the industry and incentivize new development. PoS has a harder time doing this, at least initially and especially did so pre the ico-craze. (Hence why most people initially rejected it as a ponzi scheme)
You can think of it a little bit like gambling. Half the fun of a one armed bandit is actually pulling the level/hitting the buttons manually, hearing the sounds it makes and waiting for the result. That's why people feel in control and want to play it over and over. If they had much less control and feedback, they would not be as engaged and not bet as much or as many times. It would be comparatively boring and less taxing for the brain to predict the end result.
So yes, PoS doesn't put in as much work, but with Bitcoin PoW is like a game - where miners "mined the gold coins" and got rewards in a lottery - and is also accessible without engaging in DPoS politics.
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I agree with you!Merry Christmas!:)
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100% agreed!
I just posted a rant about Bitpay not working with Exodus wallets. Basically, I have to transfer my BTC from Exodus to Electrum ($50 cost) before I can send it out over the BitPay network (yet another transaction fee).
https://steemit.com/bitcoin/@sirstacksalot/bitcoin-payment-protocol-sucks-for-us-exodus-users
I hope BCH stomps the SH#*# out of BTC for that reason alone!
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I agree that BTC fees are getting too high, even as a store of value. I'm not sure how I feel about BCC because of all the negative media attention as well as the extremely mixed feelings amongst the crypto community. I think there will come a point that BTC will either have lower fees or start to lose significant value to other coins who present a better long-term storage capacity. Something like STEEM as you said. Thanks for sharing this!
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I wouldnt bet on BTC userbase switching from BTC to BCC, it takes a real big EASY button to convert mass , especially behind the work of the BTC community, fees are getting to par with other, confirmation times not so much, but BCC is certainly NOT the only faster coin out there, BTC wins
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It's not really about just being a faster or cheaper coin. More than anything, even more than the security and economic issues, it's about the community and making the most of already invested capital and infrastructure be something other than worthless.
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@aggroed While I don't really support Bitcoin Cash, I cannot deny the huge fees that BTC is seeing right now, and the lack of any "roadmap" or even a remote resolution to this issue, which makes me think that there will be no fix anytime soon. Right now I feel that BTC is almost unusable. I've spend $120.00 in TX fees to send the remaining $420.00 to Binance, where I just took some altcoin positions for trading. That's like 25% fee bro ... it's unimaginable.
I have completely converted all of my BTC to altcoins, and will start to pursue projects that I find worthy of my investment for the long run, such as STEEM, NEO and probably just replace BTC with Litecoin as a "store of wealth" currency.
I honestly don't like to shill my own shit, but here's the link to my post from yesterday where I actually express my feelings about the fees, and about what the future holds for the crypto space. I am sure you'll find the contents valuable: https://steemit.com/bitcoin/@lifewithcrypto/bitcoin-fees-and-how-i-lost-my-faith-in-bitcoin-what-are-the-alternatives
PS: A resteem would mean a lot more to me than an upvote on the post, just to share my thoughts with more people, and hear about their opinions. Thanks!
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I have a friend more involved in cryptos than myself, he praises BCC. One thing for sure, we both dislike BTC for all its fundamental flaws. I'm holding BTC or BCC, I have no interest in them. Even with BCC's 10 min confirmation time (theoretically), it's still way too slow compared to the new generation cryptos. And perhaps in the future it too will suffer from the same sluggishness of bitcoin.
But I do have interest in the altcoins, because they solve all the problems of bitcoin. Bitcoin was designed to do one thing, be a currency, and it turned to be the worst at doing it, whereas altcoins are bringing different applications to the table, with faster speeds and lower or no fees. I honestly don't understand why people are still hyped about bitcoin, store of value? I think not. I'd rather have a turd store value better than bitcoin.
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Nice turd - I'll give you $13,857 for it :)
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Yes, but it should be noted that what really makes BTC terrible at the moment is not its original design at all. Satoshi himself also said that the blocksize should be increased according to the needs of the network and that it could be increased automatically in steps to make sure it was always way ahead of any risk getting clogged.
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I have to say I agree with you about BCC (BCH). I have been out of BTC for some time now. And if the folks at BTC are celebrating high fees, it might be because high fees support the store of value concept. Money will simply not move in and out of BTC when the costs are so prohibitive. I look for a great year ahead for BCC.
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Yes the lock in effect and the expectation that Lightning might make Bitcoin Segwit into a settlement system used by the big banks and require a valuation that we would put on a global world bank for gold or similar. But there are already better systems available, such as Satoshis original Bitcoin which is best represented by Bitcoin Cash.
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We need to convince @blocktrades to have a BCH to STEEM & SBD conversion pairs added!
WINNER, WINNER, WINNER...
Everyone WINS?
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Absolutely @blocktrades it would be no loss for you I'm sure, considering how much cheaper BCH would be you could even bump up your fees to fund the transition if you wanted.
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I think bitcoin will be in trouble once bitpay adds bitcoin cash
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BTC transaction costs are touching the skies and are far greater than what most of other coins value. I thin, in the current moment with the current scenario of BTC network, it is not feasible as a coin which an end user can transaction on frequent basis. However, it is a good asset to hold. BTC is not transaction feasible. However, with the Advent in blockchain of BTC, this may change.
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All predictions aside no matter what coin one invests in today it's sure to make them gains in the future as the herd hasn't arrived yet. I like BTC but I use it as a store of value. I feel it will only become more valuable in the future with wild, crazy swings in between. Bitcoin cash will rise also....... why not hold them both? I see nothing wrong with either...........
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I am starting to think about getting some BCC. I have small amount of bitcoin I can't even access because the fees being more than the value. These things should be super fast and cheap to trade so you can buy/sell a few times a day like a currency day trader. The price fluctuates so much, being fast in the confirmations is key. I mostly hold litecoin and steem. Predicting 5 dollar steem isnt far away for my hopeful prediction
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Those stats for BTC are still only if you're lucky during rush hours / not unlucky during cool down periods.
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I actually appreciate your analysis and need to go back to listen to the interview. I have a lot of respect for Ver and happen to like BOTH coins. I think there is a place for both just as assuredly there is a place for Ripple, which is garbage IMHO. I'll be stocking up on the Cash, personally. SteemON my friend ; )
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Is this really your type of a guy?
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You know I'd rather have someone who snaps one time after a ton of trolling and misinformation, even blatantly pushed in his face during an "interview", rather than someone who snaps out of the blue. Should he have handled it differently? Sure. Absolutely.
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Bcash is a scam and a problem for centralization.
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Aggroed, I cannot aggree more. Right now it is impossible to reclaim 5$ worth of BTC on mobile wallets. It's a damn insult. People don't seem to be aware of the issue, even many BTC holders don't have a clue what it means to try and transfer funds from A to B.
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the fees seemed ridiculous for those making small transactions. Honestly, I feel that Steem is a superior crypto compared to both BTC and BCC. So SBD to 25 and Steem to 10 at least at the end of 2018.
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It's almost as if BTC is like when a parent takes the wrong baby from a hospital only to realize her mistake as the child starts growing. It looks like Bitcoin but doesn't behave in the way it was intended to. Is BCC the real Bitcoin?
source
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I think for now bitcoin cash looks more attractive just because of the fees.
In one year I see bitcoin at 60k, bitcoin cash at 25k and steem at 30$
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damn that's some optimistic predictions! I'm with you hahaaha
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@aggroed I think that we will be BIG Winners with STEEM in 2018. I own no Bitcoin or Bitcoin Cash so at this point it would be silly for me to have an opinion of either one of those. STEEM maybe $10.00 so that @jerrybanfield will be happy ?
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BTC may have higher fees, but utlimately, it's where the money is at. And more investment means more innovation. It's not like as if the BTC community doesn't know about the high fees. I think they're eventually gonna solve that issue with the Lightning Network.
And the comparison with facebook not being the first one isn't really accurate. Facebook didn't win because it didn't make the mistakes of myspace.You don't win by just being "not bad". You win by making things that haven't been done before.
In that sense, I think steem is fine. But Bcash doesn't really have anything unique other than the higher block size.
Like what you think 24 transactions is great? Visa does 3000 every second.
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image from news.bitcoin.com
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I'm not alone in my thinking!!! Bitcoin Cash is going to take over... the one frightening thing is that Bitcoin is most peoples introduction or entry into crypto... and if they invest $100 and instantly lose $50... they are not going to be happy. It is a pretty poor entry into this zone and could turn a lot of people away with no intentions of coming back.
The store of value with high fees is not intrinsically bad... but for the average person just getting into this... it should not be their first coin. I think Bitcoin's current design alongside Bitcoin Cash... if both coins are used as they are currently intended... it could work really well... but... if this is a competition - Bitcoin Cash for the win!
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I might be of the subject. I think some might have to know this before the end of the year. Please help to spread awareness. Starting 2018 all crypto transactions are taxable events
Source
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Like most things, I believe it comes down to money. The bitcoin core developers work for Blockstream, which itself is owned by a for profit financial company (AXA). The reason they want small blocks is because they want on chain transactions to be expensive. The reason I believe they want on chain transactions to be expensive is because they want to push transactions off chain (ie, Lightning network, or to other side chains or settlement channels). They reason they want to push people onto side chains is because they want to sell or otherwise monetize side chains. Just follow the money, it will lead you to the same conclusion.
And if you don't believe me, it's right on Axa's website:
https://www.axastrategicventures.com/asv/blockstream/
My view is that this strategy will not succeed.
First, because it's too complex. For Lightning and side chains to gain adoption, it needs to be easy to use. Segwit only has something like 10% adoption right now – a number which has stagnated - and all segwit is asking users to do is upgrade their wallets. Asking users to set up a bunch of different settlement channels is even more onerous. It may not seem onerous to enthusiasts, but it is when you consider that 90% of users can't even be bothered to upgrade their wallets.
Second, because it's too far away. Lightning is still working out bugs on testnet. While progress appears to be moving forward at a steady pace, it still seems unlikely that Lightning will be running stable on mainnet in the near future. My guess is it’ll be about a year away, and a year is a very long time in crypto.
Finally, even if lightning transactions are free, my understanding (or perhaps my misunderstanding) is you'll still have to pay money either to open/close payment channels – with today’s fees that could cost $50-$100 and rising. Will users be willing to pay $100 for every payment channel they want to use? Doubtful.
Bitcoin cash is here today, it works exactly like the bitcoin everyone already knows and loves, it's cheaper than lightning ever will be, and it's very rapidly gaining adoption. I don't necessarily agree with the contentious nature of the hard-fork, but that's just as much the fault of Bitcoin Core as it is Cash.
Now that's not a price prediction, as a number of things could change over the next several months. Given the increased competition from Bitcoin Cash, Bitcoin Core may cave to a block size increase rather than continue to lose share - this would probably bring a lot of money back to Bitcoin and allow it to reclaim some of the dominance it has lost. A block size increase on the main chain would be my preferred outcome, but if it doesn't happen I could plausibly see the ecosystem shifting over to Bitcoin Cash. I'm hedged between both outcomes as I own coins on both chains.
One thing I think everyone should agree with is that the competition is a good thing - it will lead to a stronger and more robust crypto-economy.
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I think it was very interested.
it may be something to make money.
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That’s a gem.
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lol
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fees are going up because BTC is going up....
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@remind.bot 4 years
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Mentioning and replying to you here on Sat, 12 Mar 2022 14:48:28 GMT to remind you of this post.
Please consider upvoting this comment to keep this service running.
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Upvoted, see you in 4
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I dont agrre with you
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Will not it always be this way? One idea starts with the formation of yada. If it starts to grow, other people, institutions, companies start this business. It takes control. And it deviates from its original purpose. And this Institution or persons shall only work for the benefit.
@aggroed
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It seems like BTC is moving away from what it was supposed to be when it was created. BCC might gain another person on their bandwagon.... that person being me. Ive long been against BCC but I’m starting to realize it may be the better option overall... idk yet though. Let’s see how things play out
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I love and like bitcoin....
thnx for post about bitcoin
really this post have very good information...
i read your post
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Well it depends on what you mean you fear Bitcoin was taken over by institutions. Do you mean they hold the majority of it, or do they effect price action via derivatives. That's not a rethorical question- I really donnt know a whole lot about Bitcoin.
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Steemit is a blast for sure. I agree, Bitcoin will rally.. @aggroed
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Been writing about this after hearing about rumors of blockstream. Where most miners are employed by them and apparently backed by some bank corporate. With the current fees, the longest time to fix it, it could very will be that they are trying to break it or make it as like a bank institution. I just wrote about the Bitcoin conspiracy.
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https://steemit.com/bitcoin/@krisr92/bitcoin-time-to-celebrate-high-fees
This is my take on the topic.
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I think BCC is going to overtake BTC at some point, likely in 2018. The fees on btc are insane, I was trying to transfer btc to my new hardware wallet and the fees are $177.
It may or may not be big banking, but I know the miners have controlled bitcoin for ages. I started to buy both BCC & BTC at this point.
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Your nice post
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Good post @aggroed
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9.62% @pushup from @aggroed
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This post has received a 27.95 % upvote from @aksdwi thanks to: @aggroed.
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Thank you @aggroed for promoting this post together with https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals
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I could very well see this happening, too. The fees are getting out of hand, and the time of which it takes for transactions to clear is much too long and many people (such as myself) are getting tired of having to deal with this over and over and over again. Coinbase is one example where both of these become true
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You got a 21.87% upvote from @postpromoter courtesy of @aggroed!
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I like your post
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You got a 3.49% upvote from @upme requested by: @aggroed.
Send at least 1.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
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Bitcoin is getting crazy to send, bitcoin will probably go to 25k by the end of the year but BCC is going to get crazy, It looks like the next bitcoin. I was really upset to see that steem was not rising while all the other cryptos where exploding in price. Steem is starting to climb that latter, If steem where to get on on coin base or have more opportunities to purchase thing then it would explode.
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Congratulations @aggroed, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 27 and the total pending payments to posts in these categories was $2204.87. To see the full list of highest paid posts across all accounts categories, click here.
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I think it may happen still at the beginning phase there are a lot more ico's out who know who will take bitcoin out of the number one spot
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Cool post tnq sir!
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Do you smell what the Verge (XMG) is cooking bitchez? To the fuckin moon in 2018.
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For me, I use Bitcoin mainly as an investment for the future. From time to time I use those funds to pay a bill or two thanks to debit cards I have available. That is when the freaking trade goes through and the funds are made available before I need them. Lol
Seriously, using Bitcoin as a day trading device is quite impossible with the long confirmation periods and high fees currently being implemented. I feel more and more people will begin using other crypto currencies for their trading or transferring money to others because who wants to wait days or weeks for a transaction to go through?
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Really where is the rationality in having fees higher than block production. Considering the fact that it's more a store of value. Idle value is no value. Guess we would all just sit and watch how this champagne popping saga plays out in 2018 then.
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Hello dear @aggroed Im 100% agred with your statement The high fee of BTC will damage the goodwill of BTC. And in cryptoword things change in seconds. Just like VERGEThis is so amazing opportunity that you earn and invest (Specially, at steemit we have no issues Main exchanges accept and we steemians have a very short cut way to invest even at bittrex).
Regarding Bitcon Cash I can't give suggestion as I don't have investment on it yet. By the way BTC have great past track record, lets hope for the best, Stay Blessed!
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Thank you very much indeed for sharing this information including interview cinversation.thanks @aggroed
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I think steem has a great future !!!
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You have a point there @aggroed . Even I has low hopes for BTC as it's nearing its peak value.
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Both BTC and BCC will have no relevant usage within 5 years. Does anybody remember Netscape? Me either. Honestly (in my humble opinion) I'd stay the fuck away from both unless your a day trader. Steem ftw (other alts are available)
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I agree I think the fee is crazy. I honestly didn't realize it was so big but my friend @rodent pointed it out to me. I'm glad I didn't buy any, i would have been very upset. Lets got BCC.
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My thoughts on the matter, would be happy do discuss or get feedback since its my first Steemit article. Cheers!
https://steemit.com/bitcoin/@lordgaga/the-return-of-the-king
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BCC? BitConnect?
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Great post
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