Re:HodlFeed – a Cryptocurrency Newsfeed
by oh_sigh on Thursday January 11, 2018 @02:05PM
(#16126727)
I agree with you somewhat, but before we even care about HODLing, BTC needs to get fees and transaction confirmation times way down for it to be used as a currency.
Right now, it can take 10 minutes and $20 to transfer any amount of money on the BTC network. That isn't reasonable to buy a hamburger.
Re:HodlFeed – a Cryptocurrency Newsfeed
by akerro on Thursday January 11, 2018 @02:18PM
(#16126853)
BTC is old and deprecated. BTC is now what ARPANET is to the Internet. Without LN and SegWit BTC will suffer long transaction time and high fees before it dies. We all know it, yet, somehow no one cares.
Right now, it can take 10 minutes and $20 to transfer any amount of money on the BTC network. That isn't reasonable to buy a hamburger.