Investment Director of Cyber ​​Capital Justin Bons called Bitcoin the worst cryptocurrency – Bits Media

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Инвестиционный директор Cyber Capital Джастин Бонс назвал биткоин худшей криптовалютой - Bits Media

The investment director of Cyber ​​Capital considers BTC one of the worst cryptocurrencies in technical terms and calls it a speculative asset, no benefit.

Justin Bons (Justin Bons) Wrote on Twitter, that with the advent of other digital assets, Economic The value of the first cryptocurrency has decreased. This is due to that, that the bitcoin network lacks capacity and programmability. According to the top manager, Due to the low scale of the network, Bitcoin seriously deviated from its original concept and vision of developers. To ensure security, a significant increase in commissions for conducting transactions is necessary, Otherwise, the network will tolerate fiasco.

“I remember, They used to say, that bitcoin adapts the best technologies. Obviously, This statement is already irrelevant, Since Bitcoin network does not use smart contracts and confidentiality technologies, and there are also no breakthroughs in scaling ", - wrote Bons in a series of tweets.

Investment specialist added, that inherently bitcoin is a purely speculative asset. The bulk of people invest in it only because, What believes in the growth of the BTC course. therefore, Bones claims, Contrary to fundamental analysis, Bitcoin is no different from the usual fraudulent cryptocurrency scheme. Nonetheless, People still relate to bitcoin so, as if this is the greatest thing in history, and turn a blind eye to the presence of other crypto assets. Bitcoin ranks first in market capitalization of cryptocurrencies, which confirms the greed and irrationality of investors, Concluded the investment director of Cyber ​​Capital:

“I am at the same time ashamed and proud of those, that was a supporter of bitcoin. High ideals of bitcoin - this is what attracted me in this network. But now to achieve ideals you need to drop “Dead load” As progress is moved ".

Criticizing bitcoin for low scalability, Bons did not mention Lightning Network - a second level solution, aimed at optimizing transactions processing. According to the Arcane Research study, In August 2021 the number of Lightning Network users has increased by 20%, And to 2030 year it should grow to 700 million people.