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A comment on Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption. Parent comment

Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by arcticfox on Sunday November 26, 2017 @06:25AM (#15780412)
That's all there is to it at this point. Other cryptos are vastly better if you actually want to do anything with it.
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by lwansbrough on Sunday November 26, 2017 @06:37AM (#15780446)
Indeed, 7 day moving average of confirmation time is currently 107 minutes. This has gotten as high as 440 minutes, making Bitcoin utterly useless as a transactional currency. It's basically just e-gold now.
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by makomk on Sunday November 26, 2017 @11:54AM (#15781717)
Of course, the reason the Bitcoin confirmation time is so high is because it's processing more transactions than every cryptocurrency except Etherium...
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Re:Bitcoin Crushes $9,000 on Growing Signs of Mainstream Ado... by lwansbrough on Sunday November 26, 2017 @10:51PM (#15784678)
Ethereum is fast too, and what it comes down to is the fact that the majority of people who use Bitcoin today are invested in it as an investment and not as a currency. Which means any efforts to fix the problem are met with pitchforks because it could disrupt the market and kill the value of their gold.
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