According to SIR Capital's India's largest opening incubator and Enterprise Consultant T-hub CEO Joe Krishna, Bitcoin has failed since the $ 20 transaction fee. For nine months, except for December, the average transaction fee for Bitcoin is less than $ 0.2.
In December 2017, the demand for bittern and other major cryptograms such as the Atrium, Wave and Bitcoin caches was the highest. Bitcoin's price is over $ 24,000 in South Korea, with the global market being around $ 19,500, because of the price of the premium BTC.
Wrong logic about scalability :
Bitcoin and blockchain based systems are generally decentralized networks in the peer-to-peer protocol. Thus, scalability is required through cryptographic engineering and development. From the end of 2017, Bitcoin, Etherium, and many other block chain networks have made significant improvements to scalability.
Bitcoin incorporates Sagwitt and Lightning, in the process of implementing shredded and plasma to increase the ability of Atarium to prevent transactions in one million transactions.
However, Krishna concludes that, at the size of the population and market, one of the world's largest markets, responsible for maintaining innovative development, offers brine an unprecedented level of business and demands in December. Due to inability. .
"The reduction in the form of bitcoin is its transaction fee, which is usually more than $ 20. The business fees are paid to ensure convenience and security in exchange, which does not exceed the payment fees of a controlled currency, which is a sign of risk security."
Christopher's and the world-renowned Venture Capital make clear the difference between Krishna and Andréson Horowitz. Earlier this week, one of the most successful venture capitalists Ben Horowitz said that at the Tech Crunch Discharge Conference, Crypto represents the birth of a new computing system.
Initially, the Crypto heritage system seems more incompetent and impractical. However, its decentralized nature leads to the development of previously unreachable applications. He said the confusion of the new computing system was initially much worse than the old platforms.
Bitcoin has succeeded :
It is easy to find arguments to rule out the emergence of disruptive technologies. Analysts condemned smartphones at that time in 2007 because they looked less than computers at that time.
However, it is important to accept the ability of new systems and disruptive technologies such as bitcoin, such as consensus cheaper.
Transaction fees can be considered more for most people, though currently $ 0.1. However, it seems to be less than thousands of dollars to compare the fees for using offshore bank accounts and move $ 0.1 million to raise it.
This can be said from succeeding evidence of Wikipedia, with the adoption of financial agencies and investment agencies from Citigroup, Goldman Sachs, Andersen Horowitz, Morgan Stanley and government agencies.