/biz/ - Business & Finance

Everyone is taking profits from BTC now and flooding into the alt-coins which actually have a use-case and a future.

>>18955373

It's amusing to see BTC-supporters condescend to those who buy gold, because people who support BTC are completely ignorant about crypto. There's a reason why the mainstream media loves BTC. The code was neutered early on by Blockstream, an organization backed by banks and financial institutions. When BTC went to $20,000 before, you had $100-dollar transactions and 3-day waiting times; that's why the price promptly crashed to $2500 (87.5%), and has been in limbo for three years. BTC can't support even 0.01% of the world's population without second-layer solutions which track and centralize everything you do. Satoshi Nakamoto's original vision has been destroyed. The original devs were either shoved out, or went into voluntary exile, and founded BCH to carry on the original project, a coin which _does_ genuinely allow for decentralized, private, peer-to-peer cash with minimal fees.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

At best, BTC can handle 0.25 million transactions per day. BCH can handle 8.3 million, and has a roadmap to handle 50 transactions per day for ten billion people. If BCH had the traffic of BTC at its 2017 height, transactions would cost only one cent.

https://www.bitcoincash.org/roadmap.html

https://medium.com/scalar-capital/the-bitcoin-cash-story-e55b277491f9

https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

https://medium.com/@jonaldfyookball/12-reasons-bitcoin-cash-is-the-real-bitcoin-8d5547988374

https://medium.com/@johnblocke/r-bitcoin-censorship-revisited-58d5b1bdcd64

https://www.youtube.com/watch?v=UYHFrf5ci_g

SegWit-coin (BTC) is crashing. Get into the real Bitcoin (BCH) while you still can.