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RE: Why I'm Negative on Bitcoin

in #bitcoin7 years ago

Your views are very much thought-evoking and I do share many of your ideas - I think the madness of what's going on at the moment is really challenging the sanity of even the brightest minds! From my perspective, there's almost too many well-articulated, greatly convincing advocates which have done an amazing job at marketing BTC. Perhaps so much so that it's cast a shadow on the inefficiencies of the system. What do you feel about claims that the BTC inner circle are jumping ship because the core BTC dev team are reluctant to bring it into an arena where they can actually compete with several others of the newest and most technologically advanced coins, which serve a better purpose to their original intent? By looking at peoples emotions, and what BTC has done to them I would argue that a sudden major drop in BTC (20-30%++) would have some interesting effects on the market; namely a massive influx of fresh speculation into BTC for all the souls who feel they missed the train and now it's time to get back on board when they have a shot. This despite faster and cheaper transactions, and more utility in other coins.

C