3 ms·

Bitcoin in 2018 is not the same bitcoin in 2013.

• deleted 9y ago
  [deleted]
• 0wing 9y ago
  Correct, it's actually measurably worse. As time passes, Bitcoin becomes more exploitative to new users. [1] Not to mention, the bandwidth is severely crippled and the network is basically unusable for normal transacting. Take the case study of Steam discontinuing Bitcoin payments. [2] [1] https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ [2] https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613 https://steamcommunity.com/games/593110/announcements/detail...
  • adamnemecek 9y ago
    Bitcoin is a portal, not a coin you'd use for actual exchanging.
    • mulmen 9y ago
      Then why isn't it called Bitportal?
    • jklein11 9y ago
      Can you elaborate on this? In what way is it any more of a portal than government issued fiat? Is it because the infrastructure is more robust because it has been around the block longer? Is there some other technical detail that makes it exceptionally good at being a portal?
      • adamnemecek 9y ago
        It's a portal to crypto I meant. You buy bitcoin to buy other currencies.
        • mulmen 9y ago
          So... you exchange it?
        • tylersmith 9y ago
          So it's a worthless middle man?
          • FLUX-YOU 9y ago
            It's a store of value or something. But I dunno, maybe they've dropped that narrative.
• paulcole 9y ago
  This is good for bitcoin.
• EpicEng 9y ago
  Right, it's even more volatile with higher transaction fees!