Bitcoin.com founder and chief technology officer Emco Oldenburg has sold his Bitcoin and transferred to Bitcoin Cash because he is suspicious of the Swedish website Breakit.
Oldenburg said Bitcoin is now a risky investment that a person can do.
He said Bitcoin’s transaction times, costs, and delivery times reduced Bitcoin’s value as an investment.
Bitcoin transaction fees have doubled every three months and the average duration of the central bank is 4.5 hours. According to Ars Technica, the last payments were $ 26 for the deal.
Bitcoin.com has tens of millions of visitors per month, according to Similarweb. The most important revenue manager is a mining pool.
According to Oldenburg, Bitcoin.com’s sales figures are high but he does not want to disclose details. His pay and 60 co-workers in Tokyo were in Bitcoin.
Bitcoin’s liquidity on the ground
Bitcoin’s liquidity market is at risk, he said.
People have not recognized Bitcoin’s inherent risks because most have just bought it and have not tried to sell it or trade. Once they have identified the risks, they begin to sell them.
The Bitcoin network is useless, he said. Problems occur when transactions are stored in the chain of foreclosures. A person can perform a limited number of transactions per second, based on the block size where events are stored. This boundary has transformed Bitcoin’s illiquid and useless cryptor change.
The amount of Bincoins that a person visits per second is limited, resulting in high transaction costs and long transaction days. Investors are now entering the market, making transactions more expensive and slower.
Bitcoin suffers from mismanagement
Even if these things were to be dealt with, Oldenburg does not believe that the network works with “fanatical Bitcoin Taliban”.
People maintained by Bitcoin maintain bitcoin as a digital expense and as a technical experiment rather than what people are using.
Bitcoin.com has stopped developing Bitcoin services by focusing on Bitcoin in August, mid-August, on Bitcoin, making it the second largest encryption currency.
It costs only $ 0.012, 10 Swedish oars, the crown crown department that sends a Bitcoin cash payment and does not need delivery time. The only downside is that larger hard drives are needed, which are not a problem for most people.
Bitcoin Cash’s largest card size, currently 8 million, offers lower payment transactions, he said.
As long as existing leaders use Bitcoin, Bitcoin, as many hoped, is not the currency of everyday use. Instead, Oldenburg sees the future in Bitcoin Cash.
Read also: “Bitcoin Creator” Craig Wright argues that 2018 is the year of Bitcoin Cash
Others also prefer Bitcoin Cash
Craig Wright, an Australian businessman who once claimed to be Satoshi Nakamoto, recently tweeted that 2018 has achieved full potential in Bitcoin’s cash since its borders have been removed and its security improved.
Wright noted that among the encryption currencies of 2018. “Safe Threshold Systems Even for Web Wallets Safe” improved mixer and transactions to beautify privacy. When asked what team would do these improvements and when the public road map and test network were available, Wright replied: “More, more publicity soon”.
Roger Ver and Calvin Ayre, the spokesperson for Bitcoin, have announced their plan to use their influence and a great fortune to reinstate Bitcoin Cash as “Bitcoin”.
Ver, which is Bitcoin.com and the early Bitcoin investor who once used the nickname “Bitcoin Jesus” has attracted the bit of bitcoin community in recent years, mostly difficult because the controversial Forks of its recurring support block the size of the conversation. Critics argue that Bitcoin.com gives new users the impression that it is the official Bitcoin resource.