I'm very skeptical of Bitcoin. I think it's a speculative bubble.
It's fine to invest as long as you get out before the bubble bursts, and I think it will.
You can't actually use Bitcoin for anything except darknet cocaine and Second Life furniture.
It takes too long to process to be practical.
Imo, blockchain is here to stay, bitcoin isn't.
G'head... make some money short term. But get out before the burst.
If there's a crypto that solves the long transaction times, that may be a good one. But for now they're not practical.
Have you ever heard of Dash? Computes <1 second? Practical enough? Your missing the entire point here. Bitcoin’s concept is meant to alleviate this event from occurring; mind you this is a REAL example, that I just experienced:
Scenario: Selling RSU stocks and transferring money from Morgan Stanley to my High Yield Savings, Vanguard Brokerage Fund, and Checking Account ( to pull 10% USD).
1- Received 20 RSUs (Gross: 39k) which was immediately taxed out the of the a$$ (14k), straight into Morgan Stanley’s pocket; dropping the value instantly to 25k. But Wait.. there is more!! Sell the stocks and get taxed commission, which is another 500! So now I have 24.5k
2- Transferred over 12k to my Vanguard account; taking 5 days ( yes 5 dang days)
3- Transferred 10k to HY Savings ( received 3% charge 300$ and took 7 days)
3- transferred remaining to checking, waited 5 days, and finally was able to take out 1,500 in cash.
All in, my 39k dropped, after 7 days of waiting, to 23k or a rough >40%. MJ always talks about time is the most valuable currency and to avoid surplus charges, which make the PRODUCERS rich. I am not saying BTC will solve 100% of these items, but I would prefer not to have people who don’t: understand the problems it’s solving, the solutions it provides, and the VALUE it will bring.
Take a breath, go read Satoshi’s 2008 White Paper, look in the mirror admit you were wrong for spreading BS in this forum, do more research, sleep, do more research, and then come back with some actual knowledge for us.
In the meantime, just go look at some data processing stats against BTC and other forms of payment, WHILE taking into consideration the direct and indirect fees associated; including your time. Cheers. Let me know when you have this epiphany .
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