My friend says Bitcon has now been debunked.
I SAY HE IS WRONG !!
A] Price action has been about speculation. (Buy it, because it only goes up)
B] It is a currency that will replace other currencies.
A is now negated since it has dropped almost 40% from its high.
So, mania "free money, going to infinity" credibility is now tarnished.
For the first time, there is real risk. (Anyone buying last week just lost 40% this week)
So, the flood of new money will now be checked. You'll think twice before tapping a HELOC for Bitcon.
This is stupid reasons!!
B is negated since Bitcon is literally unusable as a currency:
10 hours settlement time and $50 transaction fee.
No one is using Bitcon to buy anything, especially the early adopters.
So, it is not a currency.
This is stupid reasons!!
Well, I guess that you're right about the confirmation time. I too am not a fan of it and looking to other alts that have better performance.