Imagine being in a supermarket | Bitcointalksearch.org

wndrbr3d

hero member

Activity: 914

Merit: 500

Quote from: freightjoe on December 21, 2017, 02:32:09 AM

Imagine being in a supermarket.

The lady behind the cash register tells you the price is 20$. You try to give her the money. She then says that because of the many customers in the store, she cannot process all customers at the same time and you have to stand and wait a few hours to pay. But if you pay the store a fee of 5$ they will allow you to pay immediately.

This is the reality for Bitcoin now.

This shows why Bitcoin is now failing completely

GTHO

It is interesting comparison

But people dont care about it, especialy newcomers. They think that BTC will be growing forever.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: master2080 on December 21, 2017, 02:35:01 AM

You do realize that there are many other altcoins with different purposes? Nobody said Bitcoin is good for small purchases like that(or for stuff like privacy).

If Bitcoin covered all the use cases, we wouldn't see altcoins at all.

You do not understand the point. There are now people paying transaction fees on Bitcoin of 60-88 USD - that clearly shows we are at the end point where miners are milking the Bitcoin investors for aas much money as they can before the imminent collapse they know is coming.

The_prodigy

hero member

Activity: 924

Merit: 500

Quote from: freightjoe on December 21, 2017, 02:32:09 AM

Imagine being in a supermarket.

The lady behind the cash register tells you the price is 20$. You try to give her the money. She then says that because of the many customers in the store, she cannot process all customers at the same time and you have to stand and wait a few hours to pay. But if you pay the store a fee of 5$ they will allow you to pay immediately.

This is the reality for Bitcoin now.

This shows why Bitcoin is now failing completely

GTHO

Bitcoin is not made for such small retail prices. However I can see your concern regarding the buold iup of the users and the transactional costs it need just for it to push theough and be accommodated. But I think that this is a far of reason for the downfall of bitcoin

master2080

newbie

Activity: 37

Merit: 0

You do realize that there are many other altcoins with different purposes? Nobody said Bitcoin is good for small purchases like that(or for stuff like privacy).

If Bitcoin covered all the use cases, we wouldn't see altcoins at all.

freightjoe

full member

Activity: 238

Merit: 109

Imagine being in a supermarket.

The lady behind the cash register tells you the price is 20$. You try to give her the money. She then says that because of the many customers in the store, she cannot process all customers at the same time and you have to stand and wait a few hours to pay. But if you pay the store a fee of 5$ they will allow you to pay immediately.

This is the reality for Bitcoin now.

This shows why Bitcoin is now failing completely

GTHO

Topic: Imagine being in a supermarket (Read 101 times)