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RE: NYSE Files With SEC To List Two Proshares Bitcoin ETFs—Will This Help Mainstream Bitcoin Adoption?

in #bitcoin7 years ago

I think 2018 is the year Bitcoin will become the Myspace of crypto coins. Or perhaps the Model T is a better analogy.

Its technological limitations are becoming a problem as it becomes a victim of its own success; more and more new money means more and more transactions which means deeper and deeper transaction backlogs which means higher and higher mining fees. Even its value as a gateway to crypto usage and as a store of value is being impeded by these ludicrous transaction fees and slow transaction times.

These ETFs and this futures trading are a day late and a dollar short in my opinion.

Coins like Dash, Digibyte and in particular Steem will soon push it aside. I mean, near as I can tell, Steem/SBD beats Bitcoin in literally every category by which a coin can be judged (obviously except name-recognition and market cap)