Just read this from David Seaman in his recent posting:
"Ethereum Classic,” Another Bitcoin Scam"
Bitcoin is not doing well.
After its recent reward halving, miners get only 50% of what they were previously rewarded per block, yet the price per bitcoin has not skyrocketed in response - so now miners are subsidizing losses, in many cases. Those economics cannot last forever. As more miners drop off the network, network security decreases, making Bitcoin fundamentally less secure as a record of all prior transactions on the network."
I guess I now have to add David to my list of idiots. Did someone on the bitcoin side upset this baby as he sounds like an immature kid who didn't get his way when it came to buying bitcoin.
Submitted July 25, 2016 at 09:55AM by BillyHodson http://bit.ly/29Yt04t
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