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Title: Imagine being in a supermarket Post by: freightjoe on December 21, 2017, 07:32:09 AM Imagine being in a supermarket.
The lady behind the cash register tells you the price is 20$. You try to give her the money. She then says that because of the many customers in the store, she cannot process all customers at the same time and you have to stand and wait a few hours to pay. But if you pay the store a fee of 5$ they will allow you to pay immediately. This is the reality for Bitcoin now. This shows why Bitcoin is now failing completely GTHO Title: Re: Imagine being in a supermarket Post by: master2080 on December 21, 2017, 07:35:01 AM You do realize that there are many other altcoins with different purposes? Nobody said Bitcoin is good for small purchases like that(or for stuff like privacy).
If Bitcoin covered all the use cases, we wouldn't see altcoins at all. Title: Re: Imagine being in a supermarket Post by: The_prodigy on December 21, 2017, 07:38:13 AM Imagine being in a supermarket. The lady behind the cash register tells you the price is 20$. You try to give her the money. She then says that because of the many customers in the store, she cannot process all customers at the same time and you have to stand and wait a few hours to pay. But if you pay the store a fee of 5$ they will allow you to pay immediately. This is the reality for Bitcoin now. This shows why Bitcoin is now failing completely GTHO Bitcoin is not made for such small retail prices. However I can see your concern regarding the buold iup of the users and the transactional costs it need just for it to push theough and be accommodated. But I think that this is a far of reason for the downfall of bitcoin Title: Re: Imagine being in a supermarket Post by: freightjoe on December 21, 2017, 07:39:06 AM You do realize that there are many other altcoins with different purposes? Nobody said Bitcoin is good for small purchases like that(or for stuff like privacy). If Bitcoin covered all the use cases, we wouldn't see altcoins at all. You do not understand the point. There are now people paying transaction fees on Bitcoin of 60-88 USD - that clearly shows we are at the end point where miners are milking the Bitcoin investors for aas much money as they can before the imminent collapse they know is coming. Title: Re: Imagine being in a supermarket Post by: wndrbr3d on December 21, 2017, 07:39:21 AM Imagine being in a supermarket. The lady behind the cash register tells you the price is 20$. You try to give her the money. She then says that because of the many customers in the store, she cannot process all customers at the same time and you have to stand and wait a few hours to pay. But if you pay the store a fee of 5$ they will allow you to pay immediately. This is the reality for Bitcoin now. This shows why Bitcoin is now failing completely GTHO It is interesting comparison :) But people dont care about it, especialy newcomers. They think that BTC will be growing forever. |