Whole first page of /r/Bitcoin is filled with price pump topics, some guy even dreaming about 330k$ Bitcoin inside one year. It's unimaginable how badly would the Bitcoin network congest on such prices if it cannot withstand current hype and transaction volume. The fact is that Bitcoin is no where near ready for mass adoption and whoever thinks this BTC run vs "shitcoins" is gonna last much longer is gonna get a reality check pretty soon. There are blockchains which can scale with instant speed and no fees, green and so on. Bitcoin is the first one and it showed us the light and we all love it. It's a good store of value since your funds are protected with a lot of hashing power but that's about it. P2p transaction market, m2m transaction market and smart contracts niche will need their own native platforms and they do exist and pretty much should not depend on Bitcoin at all.Oh yeah, r/Bitcoin are all about Bitcoin being "the most decentralized" argument, but it seems to me like it's a fact that CZ from Binance is not supporting Segwit and cheaper transaction because of his close ties with Bitmain (most hash rate on Bitcoin), who is also not supporting it and rather has it congested with high fees as it is to milk more money from the users. Those are 2 people manipulating the whole Bitcoin blockchain because of their own personal gains, that's how decentralized Bitcoin is today.
Submitted June 27, 2019 at 11:08PM
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