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"That said, I still hope for new cryptocurrencies to provide a solution to scalability issues" But, if this is indeed a new cryptocurrencie, it will drain valu
by bsaul 9y ago
"That said, I still hope for new cryptocurrencies to provide a solution to scalability issues"
But, if this is indeed a new cryptocurrencie, it will drain value out of bitcoin, and bitcoin will then be worth nothing.
The only scenario in which bitcoin isn't a bubble and has intrinsic value as a currency, is if the payment problems you mention, as well as liquidity issue, are solved by bitcoin itself.
- LaikaF 9y agoBitcoin Cash solved the issue by just increasing the block size. Its fees are pretty low.