BTC has some potential competition from other alts that claim to be faster, but don't have the security of the huge bitcoin network. The value is in the network. As for speed I still have pending transactions from a month ago on my visa debit card. Bitcoin is faster than anything I have used, except for a couple of alts but they were never for real world use. If they figure this out and successfully speed up BTC by August 1st we will all be rich. Cheers to the future.
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