08-10-2020, 03:52 AM
What is the point of Bitcoin?
<!-- SC_OFF --><div class="md"><p>Before some of you start to tear me apart, allow me to say that I am a huge fan of cryptocurrency and I believe in its future. However when I look at bitcoin as a currency, it doesn’t make much sense. For example you walk into a bar for a drink. The bitcoin transaction would most likely take an hour to get through and the fees would be at a ridiculous amount. Instead of paying $10 for a drink, it will probably be $14.95. Is this literally looked at as digital gold now? What are some alternatives out there? Which coin has instant transaction with little to no fees?</p> <p>Newbie here trying to learn more about crypto.</p> <p>Edit: I’m really not trying to bash bitcoin or “promote” other coins. I apologize if I’ve offended anybody. Please keep the discussion clean, a lot of people are fighting in the comments. Next time I have a question, I won’t even post it here haha. This seems to be a very sensitive subject. Again, I apologize if this post has offended anybody and thank you to everyone for the insights.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Before some of you start to tear me apart, allow me to say that I am a huge fan of cryptocurrency and I believe in its future. However when I look at bitcoin as a currency, it doesn’t make much sense. For example you walk into a bar for a drink. The bitcoin transaction would most likely take an hour to get through and the fees would be at a ridiculous amount. Instead of paying $10 for a drink, it will probably be $14.95. Is this literally looked at as digital gold now? What are some alternatives out there? Which coin has instant transaction with little to no fees?</p> <p>Newbie here trying to learn more about crypto.</p> <p>Edit: I’m really not trying to bash bitcoin or “promote” other coins. I apologize if I’ve offended anybody. Please keep the discussion clean, a lot of people are fighting in the comments. Next time I have a question, I won’t even post it here haha. This seems to be a very sensitive subject. Again, I apologize if this post has offended anybody and thank you to everyone for the insights.</p> </div><!-- SC_ON --> Kind Regards R