And refusal to open your eyes to the fact core bitcoin is basically unusable for sending due to high fees and insane delays ,
is why you are going to lose money.
I never get this argument. BTC is
unusable because it being
used to capacity. Don't you know that if it is Friday night, the restaurant that you want to go to is the one that is packed solid, not the one with an empty parking lot?
OK, let's go with this analogy. I get that the empirical evidence shows all is rosy in your restaurant (Let's call it Big Things'o'Chow). But that reflects current conditions before knowledge of an alternative spreads through out the community.
To add some fidelity to the situation, eaters have been largely enthused about Big Things-o-Chow (I'll shorten it to BTC for brevity) in the past. The quality of the food is good. They've been able to get prompt service at a good price. But that is the past. Lately, lines have been forming outside BTC, of people waiting to be served. This has happened in the past - at seating for 250, 500 and 750 in turn. At each of these previous junctures, the owners have responded by increasing the size of the restaurant and adding more seats. But not this time. No. 1000 seats, no more.
Indeed, the lines are getting longer and longer. Further, the prices to get in are going up. Seeing as they have a ready and eager clientele, the restaurant starts auctioning off places in line to get in. Prices in this auction climb and climb, and still more people come. It gets so bad that not only are you not guaranteed prompt service for any amount of money (you can always be later outbid), but people spend all night in line only to be turned away by closure for the night. They go to bed hungry after wasting their entire evening in line.
Well, sensing a market opportunity, another restaurant -- let's call 'em Big Chow House -- opens in roughly the same neighborhood, with roughly the same quality of food. The biggest difference is that the place accommodates 8000 people. No wait. No bidding to get in. Low prices. Like 1/2344 the cost*. Nobody goes to bed hungry after spending all night in line.
What do you think will happen over time, as knowledge of and experience with Big Chow House diffuses through the community?
*In this moment, I am quoting current stats from cashvscore.com.
