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RE: Will Bitcoin Make Gold Great Again?
In one form or another I agree with you. I see Block Chain as here to stay, BTC will have to improve it's technology and the POF concept if it wants to stay on top forever
Hope everybody was reasoning like you bitcoin price could be worth $1000,000
I'm not in love with the BTC business model. I love the hype and the price surges but the business model kinda sucks.
bitcoin will be a store value, people dont like to spend something that increases in value, on the other end sellers want to be paid in bitcoin even if it takes time because they also know it's going to increase...
Not everything increases all the time, if everyone is on one side of the table who is making money? Why do people buy BTC? To sell at some point of course, but when is the right time? At a point everyone will think the same thing at the same time and begin to sell.. Also the business model of bitcoin sucks...
Look in the comments for the math on miners fees..
https://steemit.com/bitcoin/@pawsdog/is-bitcoin-really-decentralized-or-are-we-being-led-like-lambs-to-the-slaughter
https://steemit.com/bitcoin/@pawsdog/need-mathematical-help-mining-costs
The hell with us, I need to know if the business model is a good one from the point of the people that actually control the network..
and he will grow