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eaoliver

eaoliver on Hacker News

Re:The Great American Share – Sam Altman Interview on Basic Income on Wednesday December 13, 2017 @08:58PM (#15919415)
Why does anyone care what Sam Altman thinks?
Re:Cryptocurrencies are the tulip mania of the 21st century on Tuesday September 19, 2017 @12:44PM (#15286255)
China is already clamping down on BTC. Wait till the US intelligence agencies find that it's being used by ISIS (or some other villain du jour) to fund/support domestic terrorism. When Coinbase and other exchanges are regulated out of existence and no US-based corporation can legally transact in BTC, the price of BTC against major currencies will collapse.

Ignoring the price of BTC, I would bet against Bitcoin purely on technical grounds. If the transaction fee history is correct [1], then it would suggest that the economic feasibility of Bitcoin as a payment service diminishes as it scales, and, with a peak mean transaction fee of nearly $9 USD last month, the blockchain cannot even support its own current popularity.

[1] https://bitinfocharts.com/comparison/transactionfees-btc-eth...