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RE: The Network Effect Cannot Save Bitcoin

in #bitcoin8 years ago

Yeh sure, absolutely Bitcoin has the biggest brand name right now and it's probably the most trusted coin there is, but others will build their reputation over time and if they become as trusted, yet faster and cheaper than Bitcoin they will overtake it. Also the people using BTC to buy houses and paintings are not the largest potential market, those that would benefit the most from the crypto are those that do not even have a bank account, who could never afford a $20 transaction fee anyway

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Oh yes, for them, and for me, bitcoin is almost dead. Bitcoin is next to unusable accept for large transactions. And, you don't have to tell me that other coins are far better for use as a currency.

Does it sadden you that you may never become a bitcoin millionaire? Oh sure, you are a Litecoin, Dash, Steemit millionaire, but is that the same?

:-p