In today's video we talk about bitcoin and bitcoin's two biggest problems. We have all had to deal with the slow confirmation times and high transaction fees of bitcoin. These two factors have made it so bitcoin is not suitable for microtransactions. Other cryptocurrencies out there have been gaining because of this, especially bitcoin cash and litecoin. In my opinion people aren't going to use bitcoin for everyday transactions if there are cryptocurrencies out there that can do it cheaper and faster. If you enjoy cryptocurrency content such as cryptocurrency price predictions, ICO reviews, cryptocurrency / altcoin reviews, and more of the like please consider subscribing to the channel. Hope you enjoy!
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
@ylgv I think its a problem for the long term but also this maybe one of the reasons that asic resistant coins with low fee/ fast transactions like Groestle coin and Vert coin are rising! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@ylgv - I think that other cyrpto's biggest benefit could be their biggest weakness. The social aspect. It's like the Apple Die Hards vs Android Die Hards. Everyone thinks their coin is the best and until one coin proves that other than Bitcoin we will continue to have a bunch of crabs in a bucket.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit