/biz/ - Business & Finance

I just bought 1m

nasa is calling for a moon mission thanks obama

How the hell is bitcoin not considered to be a shitcoin?
>What's that? You want to buy a stick of gum for $0.10?
>That'll be $20.10 thanks.

Transaction fees are fucking retarded and bitcoins transaction fees are already so bloated to the point of being unusable as an actual currency.
Couple that with the fact that people are already starting to wise up to the possibility of only a handful of people who control the mining pools being able to team up and control the fabled >51% of the network and then it's fucking game over. Probably the only reason they haven't done it yet is because then btc will lose all its value, but I see nothing preventing them from doing it in the future.

There is absolutely zero chance bitcoin is going to grow forever or come anywhere near resembling a universally adopted currency. I wish you all luck in riding it out as long as possible but if you're someone who honestly thinks he can just hold it for the next 20yrs and become filthy rich you might want to be more cautious.