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RE: Microsoft stops accepting Bitcoin as payment

in #bitcoin7 years ago

Bitcoin is stuck with a problem bitcoin let happen. Every other legitimate crypto has this problem solved in one way or another Bitcoin however is too afraid to move forward so they’re stuck dying.

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Other cryptos such as Ethereum have scaling issues as well. Bitcoin still has brand recognition and first mover advantage. It will be difficult to overcome that at this stage. Especially as 90% of people invested in this space don’t care about the tech. It’s all about the speculation!

Plus the big miners love the fees... but the fees will kill it.

Yep, there’s too much self interest rather than the desire to improve the actual tech.