Comments by "" (@tekannon7803) on "The Problem with Bitcoin | Charles Hoskinson and Lex Fridman" video.

  1. Mr Hoskinson has brought to the surface and explained clearly the hesitation I have always had in buying Bitcoin. Now I know my instincts were right. It was a brilliant idea; it was the first virtual submarine to travel in digital oceans, but it was a one way trip and now it's a museum piece.
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  2. ​​ @SAL Hi, WEll he backs up Jim Rickards assessment to a t: Why Bitcoin, Ripple, Ether and other Crypto-Currencies will fail. It is Non-scalable – Transaction times are slow. “Layering solutions” such as payment channels, “Lightning Network,” “Segregated Witness,” and “Hash Time-Locked Contracts” (HTLC) all suffer defects, have no consensus and violate the “trustless” ethic of the original bitcoin blockchain. Non-sustainable – Energy use grows exponentially and is wasteful. Non-regulated – Leads to price manipulation, fraud, front-running, wash sales, etc. No use case – The only use case is for criminals, terrorists, tax evaders, etc.Non-elastic – Money should be elastic to accommodate normal economic growth. Bitcoin was the model T, it's normal it was the first horse out of the stable, but now they've worked out the bugs. Might be wise to invest in the latest model, old technology is not a safe bet.
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  3.  @Take_The_Ride  Great to hear from you. Please write clearly so we know what you are talking about.
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