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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
by eaoliver 9y ago
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-bch-ltc.html#6m https://bitinfocharts.com/comparison/transactionfees-btc-eth...