MUST READ: Great article by Laura Shin on Forbes: Bitcoin Is At An All-Time High, But Is It About To Self-Destruct?
If you are invested into bitcoin or are thinking about it - you MUST read this article!
Finally, I am not alone, anymore, with my fear of bitcoin's possible demise !
Its a nice article on the current state of affairs. Freedom is inherently messy and that won't be different for Bitcoin. If no suitable solution can be found for the scaling issue, the market will force a solution somehow at some point in time. It could either be:
Either way, these bumps in the road can be expected. Diversifying investments is key here.
Thanks for the well put reply!
Yes - diversification is definitely the key! I am not sure about pure PoS systens, as they tend to be very aristocratic and may scare off more real mass market users than attract any old-schoolers...
DPoS like the Graphene chains or Lisk seem better fitted, but also they lack in transparency of ownership.
And why should the masses switch from central banks to unknown private owners of their money? ;-)
My bet is the solution will come, 17 or 2018 ;-)
How wrong it was... Still no signs of self destruct!