And that is why Bitcoin will be going to ZERO in the next year or so. It was and is a crypto nerd's experiment. It has FATAL DESIGN FLAWS that will prevent it from being able to scale out to the size and the high transaction rates required.
I respectfully disagree. What are the fatal flaws? It’s been working for 9years without a hiccup. The Fed Wire has been up for what, 3 days?
Very informative article that shows how cryptocurrency is immune to hackers, investors and most importantly, governments.
https://freerepublic.com/focus/f-chat/3937207/posts
Bitcoin cannot go to “ZERO”.
And this is why bitcoin will persevere - no one is going to relish the opportunity to pay bank fees, embrace Orwellian surveillance, and tolerate government manipulations (inflation). Bitcoin cannot be manipulated by governments or banks - too bad for them. So many so confused about the nature of bitcoin.