You are at: Home » “Is Bitcoin Heading To Zero?” – Forbes | $8,718.73

“Is Bitcoin Heading To Zero?” – Forbes | $8,718.73

Last updated on:
Fact Checker

Volatility and hordes of bubble-chasing speculative investors are not Bitcoin’s only problem, there are technical shortcomings as well.

Eli is actually an optimist about the potential for cryptocurrencies. However, he argues that when you look at all the important features for a cryptocurrency, Bitcoin is either dominated by Ethereum or soon will be.

One issue is transaction fees, which are significantly lower for Ethereum.

Another issue Eli says favors Ethereum is governance quality. The leadership, developers, and community matter a lot for a cryptocurrency… While source code and technical parameters can be copied, and network effects can change, governance institutions can’t simply be copied

Eulogy made by Eli Dourado

Source

Zsofia takes care of our readers’ questions. Zsofia started mining Bitcoin, then some altcoins with the available AMD GPUs together with her brother. Although her mining activity has stopped by now her passion for blockchain technology and cryptocurrencies remains.

View all Posts by Zsofia Elek

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top