Is Bitcoin simply living off it's name? 🕵️‍

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Bitcoin is the daddy of all cryptos as we all know, it was the first to start this blockchain revolution and it has rightly gained a lot of attention and value.

Sadly though if we look under the hood, it's actually pretty poor at performing it's intended function. Crypto"currency" was how it was described in the white paper and sadly it can't be any further away from that. First off the transaction fees are beyond crazy. Who want's to buy a cup of coffee with Bitcoin when the fees can be up to $20?

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Steam has stopped excepting it as a payment method for this reason. along with it's volatility.

Secondly it is soooooo slow. 2 hours and counting and my transaction is still unconfirmed. You send Steem from A to B and it flies there faster than the Millennium Falcon. Even the "store of value" line isn't a day saver because you wouldn't feel safe buying say 10 Bitcoin and having that as your retirement fund 30 years down the road.

There are so many better coins out there that do what they are suppose to, Litecoin being one.

I think most newcomers buy into Bitcoin simply because of it's name and later find out it's slow as hell and the fees are a joke.

And as for the lightning network, that just sounds like a fast pass at Disney Land. Give us more money and we'll get you through faster.

As usual thanks for listening

Happy Steeming Steemers and Steemettes.


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