Reply to post: So much Education still needs to be done

Australian central bank says 'speculative mania' and crime fuel Bitcoin

AussieITGuy

So much Education still needs to be done

The current "Bitcoin" has done massive damage to the original vision of crypto - "A peer to peer payment system". Of course the RBA looks at the current "Bitcoin" and says prices are volatile and cannot be used. The current fees and transaction times on BTC are completely ridiculous. Online stores like Steam" and others dropping BTC because of the fees and cost of business.

This is why the fork in August created Bitcoin Cash .. actually delivering TODAY a low cost peer to peer payment system. Not waiting for someone to invent the Lightning Network and "bolt on a fix" to BTC. Do it today .. send $100 of BTC to someone .. out the other end spits $25 ..days or weeks later ! Do the same with Bitcoin Cash BCH and you get your $100 minus a penny nearly instantly ! But I digress ...

Banking peer to peer transactions is being actively solved today by Ripple. Banks can adopt this technology today and start saving shareholders massive costs. They don't have to use XRP as a liquidity, but if they do then the cost savings are again increased.

These bigwigs who have bought into "Crypto is bad" need to education themselves !

Bitcoin Cash is the real Bitcoin

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