Comment Re:Bitcoin is obsolete and should not be used (Score 1) 122
Also as an actual digital currency BTC is shite. A transfer of BTC will take 45 minutes on average, for 1 confirmation, and you need to pay TX fees for this to happen. At one point you had to pay $2 - $5 to guarantee you'd be in that 1st confirm window, otherwise you could be waiting literally days for your tx to confirm on the blockchain.
The BTC bros first said "use Lightning network braah" yet I've never actually seen the Lightning network used ever. Then the BTC bros said "braah you are trying to use BTC as a digital currency? lol it's a store of value braah".
That is when you know the thing is only an irrational hype machine, just like Tulip bulbs were.
For a real digital currency that people actually take you can use Litecoin, which TX in 2 - 10 minutes (still way too long to be useful for a shop merchant) with TX fees in the cents (LTC value hovers around $40 per LTC) or some of the privacy focused coins out there.
I started buying BTC at $500 a BTC unfortunately I spent it all immediately after buying instead of holding it, or I'd be very rich yes, but even back then I couldn't see how BTC could possibly go higher than $1000. But that was before I realised just how greedy and irrational people (especially those at the top) are. Now it is way too late.