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7 hours agoBitcoin's cofounder makes an unexpected move, has bad news for those who invested
Periskopi(8 years ago)
(8 years ago)Seeing Bitcoin's value increase this year, it's hard to understand why someone would lose faith in this virtual currency. But what can now worry potential investors is that one of Bitcoin's biggest supporters has already lost confidence in this currency. Emil Oldenburg, co-founder of the website [...]
Seeing Bitcoin's value increase this year, it's hard to understand why someone would lose faith in this virtual currency.
But what can now worry potential investors is that one of Bitcoin's biggest supporters has already lost confidence in this currency.
Emil Oldenburg, co-founder of the Bitcoin website. com has admitted to being skeptical about the way virtual currency is going, the Express broadcasts.
Oldenburg has even gone so far that he sold all his bitumens and invested in Bitcoin Cash (BCH), as he believes this coin has a brighter future.
I'd say investing in Bitcoin right now is the most dangerous investment you can make. There is a huge risk of”, he said in an interview with the Swedish site of technology, Breakit.
I have sold all my bitumens and I have moved to the Catcoin Cash”, he said. Two of the problems with Bitcoi that have led Oldenburg to abandon it are high transaction costs and the time of confirmation with tariffs doubling every three months and the average period of transactions that lasts up to 4.5 hours to confirm.
And it's just a limited amount of transactions that can take place per second on the Bitcoin network, says Oldenburg, which makes Bitcoin extremely dangerous.
He has said that as soon as the owners of Bitcoin see these problems, they will start selling them.
