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RE: Bitcoin Briefly Hits Over $24,000 CAD$ a Piece... Is This Real Life?

in #bitcoin7 years ago

Bitcoin is in no way an alternative for fiat currency. The fees are too high. The thought behind bitcoin was to cut out the banks and middlemen between you and what you are paying for, which would get rid of the fees. But this has essentially turned bitcoin miners into bankers who charge fees. Micro payments are imposssible with these fees. I don’t believe Bitcoin is a currency anymore. I believe it is being used as a stock.