You are deceived to believe Bitcoin is the future of Cryptos or the world will use Bitcoin for payments; for Bitcoin can only do 20 transactions per second, but Visa can do 40,000 transactions per second. Hello? Can you hear this fact?

in #bitcoin8 years ago (edited)

Bitcoin forking makes it from a slow and cumbersome way to transact to a just a very slow and cumbersome way to transact.

Enjoy the short-lived frenzy-fad Bitcoin bubble, while it lasts, which will cause many to lose most of their money when Bitcoin crashes down for the last time and it will never rebound up again, like it always did, once people learn the truth about how flawed Bitcoin was yesterday, and today, and tomorrow. For Bitcoin is slower, more expensive to use, and cannot handle many transactions per second compared to other quicker and cheaper Cryptos today that can handle many more transactions per second.

Visa can handle 40,000 transactions per second; but Bitcoin can only handle 20 transactions per second and you deceivingly believe Bitcoin is the future of payments in the world? If so, what delusion and deception. Bitcoin is pumped as the payment savior and solution in the future world, but it can only handle 20 transactions per second. Are you kidding yourself?

The thing about deception is those being deceived by the Bitcoin deception don't know it until them knowing the truth about Bitcoin makes them free from the deception.

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The reason why people are looking to this is that its not credit. The 40k transactions a second is not 'actual payments' or money moving...as that happens later.

Bitcoin on the other hand is making the payments 'at the time' of transaction and it all gets recorded on the blockchain. There is no such thing as 'credit' and you cant spend more than you own.

The truth of Bitcoin above hurts many that are deceived by Bitcoin's deception and they will try to spin the Bitcoin truth away by saying more lies.

Ok lets see what you actually wrote. You said the difference between 40k and 20 transactions in your post about visa and bitcoin.

I provided some fact in my arguement to answer as to 'why' people believe in bitcoin which is a valid point. You dont have to believe in the concept of it or the future of that fact. But until you provide more facts than 'its spin' I will have to go with my theory. I would also like to clarify who is 'they' ?

Thanks

@alhoppo

Lightning network

Decentralised

You are wrong. Bitcoin is centralized as people controlled Bitcoin changing this week and Bitcoin call/put options will be traded soon, so Wall Street can now rig and control and manipulate the price of Bitcoin without ever owning 1 Bitcoin. So, if Bitcoin was truly decentralized, the two things above would never happen, but they did, which testifies that Bitcoin is now centralized.

Bitcoin will probably be more of a store of value like gold is. Crypto is here to stay welcome in projects like EOS which is aiming at a million plus transaction per second capability

Buying $2700 Bitcoin and watching it crash down $1000 is not storing value, but decreasing value and seeing the value of your money devoured and lost.