Last updated on January 2nd, 2018 at 12:00 am
This bottleneck makes for a highly risky and illiquid cryptocurrency, Oldenburg says, adding that “the old bitcoin network is virtually useless.”
Oldenburg goes on to say that many bitcoin investors haven’t understood these risks because they have only been buying the cryptocurrency – but never sold or traded them.
“As soon as people realize that this is how it works, they will start to sell,” he says to Breakit.
Eulogy made by Emil Oldenburg