Bitcoin have Failed?
Good evening Dear steemians!
The last video released today from the Brazilian crypto expert Fernando Urish, have brought to me a good reflection.
In his video entitled "O Bitcoin Fracassou" (Bitcoin have Failed) he brings up the fact that recently a lot of crypto enthusiastic are now saying that due to the Bitcoin high transactions fees and the long waiting to make a single transaction are leading the bitcoin to a dead end and that this means it no longer have future.
But when we analyze the reasons behind this, we find out that, some of then are the fact that the Bitcoin and its blockchain have never been so, demanded. so saying that it will fail because people are stopping using it, because it have became greatly demanded in a short time is the same to say that, the fancy restaurant that it is all always full off people will fail because people will stopping using it.
He admits that Bitcoin is facing some scalability problems, however that problematic times help to improve the whole environment, so his conclusion is that hard times like this only help to improve the Bitcoin as a whole thing, and that bitcoin definetly haven't failed at all, this is all just part of its improvement.
I suggest you to watch the full video, where he make a more detailed explanations and educative examples, that leads more fluidly to his conclusion. The video is in portuguese but i believe Youtube might offer subtitles in english, let me know if it doesn't and I'll consider start making then for myself, and re-upload it on Dtube or Dlive.
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Thank you for reading my post!
I'm @andyluy a Brazilian jobless college student, freshman at cryptocurrencies who live in Rio de Janeiro, love to make new friends , travel around the world, having adventures and believe that steemit can help me to gather 20,000 $ to realize my life dream to study in Japan!
I intend to post about amazing things I've experienced, and hope soon be able to bring you with me to my new adventures.
no way bitcoin is still in its infacy, we still have a long way to go
Bitcoin cant fail, the blockchain is anti failer.
Do you think all Crypto curreny will be down or illegal
Very good post! thank you for always uploading interesting information! I think that the Bicoin has not failed at all and that what has happened will be improved, it is the currency of the future, and obviously for many there will have to break some paradigms to be able to strengthen this currency