Bitcoin.com is one of the world’s largest bitcoin sites, having grown its profile this year thanks to the remarkable price surge of the cryptocurrency. But its cofounder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical when it comes to bitcoin's future.
The Swedish co-founder of Bitcoin.com has sold all his bitcoins
Emil Oldenburg, the CTO and co-founder of bitcoin.com has spent the past three years in Tokyo. Oldenburg is also the co-founder of Safello, a Swedish bitcoin exchange.
Linkedin / Emil Oldenburg // Bitcoin.com
Bitcoin is “virtually useless” and has no future as a tradeable currency says Emil Oldenburg, the co-founder and CTO of bitcoin.com, one of the world’s largest bitcoin websites.
Oldenburg has sold his bitcoins and believes others will do the same when they realize how illiquid the market is.
He says bitcoin's drawbacks are high fees and transaction lead times - a heated topic of discussion in the community today - and resistance to change from people running the old bitcoin network.
Oldenburg believes there's a brighter future for Bitcoin Cash, a spinoff currency of bitcoin that is now being actively promoted by bitcoin.com.
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Thank you
So is there any alternative????
There are lot of other crypto coin also available like ripple, Factom, Bitcoin cash.
Yes, "Bitcoin Cash". same website, https://www.bitcoin.com/ , where you can read about the debate referenced above.
Chk this out
https://steemit.com/bitcoin/@vlasmp/why-has-the-cryptocurrency-s-price-dropped
Is this the reason why the value of bitcoins decrease for he withdraw all his balances? Before value already reached 20k$ now it is back at 16k$
don't care about rumors, bitcoin is still the best coin and it will go to the top the next year, it's special news from people that want to buy bitcoin cheaper to sell it after higher )
Check this out
https://steemit.com/bitcoin/@vlasmp/why-has-the-cryptocurrency-s-price-dropped
good post
time will tell, unless he has something else up his sleeve which he is not sharing at the moment.
yes we know! But if he selling all his coin means,He knew something which we doesn't know ,I just came to know about this news,so thought of sharing.
thanks for sharing that was thoughtful of you.