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04:28 AM
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BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
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[quote:Bit Pro 75935403:MV8zNzEyMjk0XzY2MzkyNjk5XzQzRkU0ODlG] [quote:Anonymous Coward 8038449:MV8zNzEyMjk0XzY2MzkyMzI0X0Q4NzAyRjAy] look at its scalability and performance there are easier ways to solve the double spend problem in a distributed consensus ledger its needlessly complex so people dont realize how retarded it actually is [/quote] At long last someone who knows what he is talking about. Would be good to hear your comments on how it is no longer decentralized in real terms and how forks lead to a doubling of the money/token supply if you are up for the job. WELL DONE SIR [/quote]
Original Message
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.
Any way around this? I think it will get worse each passing day.
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