RE: How To Destroy Bitcoin According to MIT Tech Review

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How To Destroy Bitcoin According to MIT Tech Review

in bitcoin •  7 years ago 

if the tech proves to be valuable and revolutionary it will survive even the worst "crash". for some reason many call crypto the "intertnet 2.0".

bitcoin
7 years ago by

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      ·  7 years ago 

    This is the real test. Once bitcoin is battle fought, it will get stronger. Lightning network is a big step forward. I hope Casper in ETH is also a success so we can move away from this energy intensive PoW method.

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        ·  7 years ago 

      ummmm if you look back in history, I can't really see anything else that have survived the monumental crashes the likes of which bitcoin has been through... If you really believe in the tech, you will say "Bitcoin will never die because I will not let it die"

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          ·  7 years ago 

        right now bitcoin is not used for payments as of the moment. All of the volume comes from trading. For these things to be adopted, they need to be used as payments and merchants accepting these payments.

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            ·  7 years ago 

          where did you get this information? I'm curious.

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            [-]
              ·  7 years ago 

            Which merchant have you seen accepting payments in bitcoin. And even if some do, which of them keep it in bitcoin. All of them convert it in fiat right away. Bitcoin will be a currency when you prices of everything in bitcoin

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                ·  7 years ago 

              ok, but again, where did you get this information? I'm neither trying to correct you, nor am I in a position of knowing if you are incorrect. I just want to know where you got the information from to make your assertions.

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                [-]
                  ·  7 years ago 

                Its my observation. I can't use a cryptocurrency in real world without converting it into fiat first.

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