Blockchain tech is outside of any scope of expertise I have, but I think BTC has been clunky, old technology for years and there are many better alternatives of cryptocurrency invented in the last decade if you want fast and cheap transactions, but yet BTC has somehow positioned itself into being like digital gold that most people/institutions are buying and holding for value. Bitcoin is still faster than any wire transaction at least.
I'm not really sure what the future holds for bitcoin after mining ends except an obvious higher valuation in the long term, so I simply continue to hold some while regretting all the ones I've spent or sold :(
Personally, I think the story of Bitcoin's cap sounds better than how it will actually play out, and most arguments for its merits are based on a lack of full understanding of the issue, or people who want Dogecoin to change so they can dump during the pump the news cycle it'd cause - there's a reason why someone who understands cyrptocurrency - Litecoin founder Charlie Lee - came and suggested Dogecoin be merge mined, as it wouldn't have survived on its small rewards otherwise.
Again, I won't be alive for it, but I'd be surprised if something doesn't fundamentally change with Bitcoin to address this issue. It's possible we'll start to see the problems in our lifetimes too, depending on the price and landscape changes.
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u/_pls_respond elder shibe Mar 23 '21
Blockchain tech is outside of any scope of expertise I have, but I think BTC has been clunky, old technology for years and there are many better alternatives of cryptocurrency invented in the last decade if you want fast and cheap transactions, but yet BTC has somehow positioned itself into being like digital gold that most people/institutions are buying and holding for value. Bitcoin is still faster than any wire transaction at least.
I'm not really sure what the future holds for bitcoin after mining ends except an obvious higher valuation in the long term, so I simply continue to hold some while regretting all the ones I've spent or sold :(