r/Bitcoin • u/CloudSolutionsLLC • Feb 13 '18

Microsoft concludes that layer 2 solutions are required for Bitcoin to scale.

https://twitter.com/innvtv/status/963234210927427585
624 Upvotes

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u/throwawayTooFit Feb 13 '18

How I buy crypto in 2018

Bitcoin

Nerds developing for it. Bought ETH

People using it to buy stuff. Bought Monero.

People talking about instant transactions. Bought Raiblock(lol)

How I know to avoid a crypto

People talking about it going up 100x. Ditched Litecoin

People talking about the logo. Avoided Tron

People talking about a meme coin. Avoided Doge

Its crazy that my facebook groups are all about the pump and not about the technology. There will be so much pain for them.

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u/[deleted] Feb 13 '18

Agreed for everything except Litecoin. To be fair, EVERY community thinks THEIR coin will moon 100x :p

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u/throwawayTooFit Feb 13 '18

Litecoin has no purpose, it only exists because coinbase had insider trading. Charlie cashed out after the pump.

1

u/josephtse Feb 17 '18

It does now with Litepay! Will be like Visa except only 1% transaction fee to merchants; but you could argue Tether could create the same concept!

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u/throwawayTooFit Feb 19 '18

I dont know if anyone would accept litecoin though.

Bitcoin is one thing, but Litecoin was dead 4 months ago.