In the world of cryptocurrency, Bitcoin was king, but indecisiveness has driven down its market capitalization percentage of all virtual currencies, and the upcoming debut of Tezos is believed to hold it there. At one time, its market cap was better than 50%, a number that has since dropped below the majority mark.
Get it together
Ongoing issues like figuring out how to manage increased transaction flow, remain at a standstill. According to a Forbes article, “Meanwhile, as no decisions get made, transaction fees have risen from about 11 cents a year ago to $1.70 now, and the time to confirm a transaction has nearly doubled to almost 20 minutes. Because the community has been unable to resolve its divisions, some of the technological advances people were excited to see on bitcoin will be adopted on other tokens, such as Litecoin, which could emerge as the payment token, while bitcoin evolves more into a digital gold, because its software will only ever release 21 million units.”
Tezos?
A “new digital commonwealth” is on the way. Originally scheduled for May 22, 2017, the Tezos fundraiser is delayed until June. Even if Bitcoin can regain its position, the word is that this virtual currency will force its market cap back down. It’s early in the game and I can’t even pretend to understand this, so if you’re interested in learning the ins and outs of how Tezos differs from Bitcoin and the current blockchain, check out www.tezos.com. Do me a favor – come back and explain it to me.
We’re gamblers, not financial analysts, but with new initial coins offerings emerging and all the other factors swirling around, it makes you wonder about the prediction that one unit of bitcoin could be worth half a million USD by 2030.
Source:
‘For First Time, Bitcoin Accounts for Less Than Half Of Market Cap Of All Cryptocurrencies’, Laura Shin, Contributor, Forbes.com, May 16, 2017.
jade
7 years ago
Super Hero
You're certainly right about that, transaction fees are out of this world! I bought about $20 in bitcoin and then sent it to my wallet. By the time I was done it cost me about $6. It's shameful, they're really taking advantage and I hope it comes back to bite them one day. As for Tezos, never heard of it until today,...
You're certainly right about that, transaction fees are out of this world! I bought about $20 in bitcoin and then sent it to my wallet. By the time I was done it cost me about $6. It's shameful, they're really taking advantage and I hope it comes back to bite them one day. As for Tezos, never heard of it until today, so I'll be waiting for your next article where you can explain it, after someone explains it to you..........
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lucas.kreeft
7 years ago
Newbie
I wonder if that's safe, the bit coin transactions, and if so, what's the easiest way to get them. Which casinos actually accept bitcoins, comparing to paypal, for example, I do not really think it is often used. If bitcoin is actually in use, I would really like to know more, is it safe? If you see how the exchange rates...
I wonder if that's safe, the bit coin transactions, and if so, what's the easiest way to get them. Which casinos actually accept bitcoins, comparing to paypal, for example, I do not really think it is often used. If bitcoin is actually in use, I would really like to know more, is it safe? If you see how the exchange rates fluctuate with the dollar or the euro, I do not know what's the best payment method is. For example, if you pay with bitcoins, can you play for hard cash if you win at a casino?
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zuga
7 years ago
Admin
@Lucas Kreeft in English please. thanks
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lucas.kreeft
7 years ago
Newbie
Ik vraag me af is dat veilig dat bitcoin gebeuren,en zo ja hoe kom je dan het makkelijkste aan bitcoins.En welke casino`s accepteren eigenlijk allemaal bitcoins,als ik kijk hoeveel casino`s bijvoorbeeld paypal acepteren dat na mijn idee ook eigenlijk geen echte betalings middel is.Of is bitcoin eigenlijk in de opmars,graag...
Ik vraag me af is dat veilig dat bitcoin gebeuren,en zo ja hoe kom je dan het makkelijkste aan bitcoins.En welke casino`s accepteren eigenlijk allemaal bitcoins,als ik kijk hoeveel casino`s bijvoorbeeld paypal acepteren dat na mijn idee ook eigenlijk geen echte betalings middel is.Of is bitcoin eigenlijk in de opmars,graag zou ik eigenlijk er wel meer van willen weten,is het veilig?Als je ziet hoe de wissel prijzen fluctueren met de dollar of de euro,weet ik niet wat het beste betaal middel is.En kan als je bijvoorbeeld met bitcoins betaald,kan je dat dan als je winst bij een casino maakt het ook uit laten betalen in harde euries?
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jumboscampi
7 years ago
Full Member
Just two days ago, I looked into the Bitcoin mining thing that I was trying to run on my computer and I was reading up on all the different things I could find about about mining Bitcoin and Bitcoin currency terms and I just got so darn confused on all of the different terminology that was used to describe all of that stuff!...
Just two days ago, I looked into the Bitcoin mining thing that I was trying to run on my computer and I was reading up on all the different things I could find about about mining Bitcoin and Bitcoin currency terms and I just got so darn confused on all of the different terminology that was used to describe all of that stuff! It turns out that you really need to by the miningware so to speak in order to mine Bitcoins from your own computer, or from anywhere I suppose. I ended up giving up on it! LOL Maybe i'll try again someday! Who knows. And by the way, I didn't understand much of the terminology in this story either! But, Lipstick, keep the info coming because it's likely to be the norm someday and i'll just have to learn it!!
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