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RE: Why Blockchain Technology will continue to fail to deliver

in #blockchain6 years ago

Trash talk from a person with seemingly no real understanding to what Bitcoin is actually doing.

Bitcoin transactions are slow

Tired and outdated "coffee argument". The technology is already there to allow instantaneous Bitcoin transaction. LN is nascent, the same way Bitcoin was nascent 8 years ago.

Bitcoin will never be used to bank the unbanked

Hyperbitcoinization hasn't even started. We're talking about a currency less than a decade old. Already making conclusion so soon?

Bitcoin will never alleviate issues of struggling nations.

And "Blockchain" will? You're using a knife as a jackhammer and then say it doesn't work. Refer point above, it's far far too early to even claim a conclusion.

Unfair distribution of wealth by virtue of early adoption is inevitable for any asset that is speculative in value. You cannot say a coin is both fair and a good investment. You've already got the fundamental point of Bitcoin wrong. I'm not even gonna look into the numbers of BitcoinHEX scheme you got there.

I don't care if Bitcoin fell to $10 freaking dollars. Speculation was never the point of Bitcoin.

Cue the Downvotes..

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