1 Level
6 Review
4 Karma
Review on Bitcoin Diamond by Thin Phan
A Bitcoin Diamond network will also appeal to small businesses dealing in low…
A Bitcoin Diamond network will also appeal to small businesses dealing in low priced, high-volume goods like coffee or fast food. However, in my opinion the price of Bitcoin Diamond will have to be more stable before it attracts any big-brand clients like Starbucks or McDonalds.
Pros
- Encourage more new users: Bitcoin has become very expensive. Today, one Bitcoin is worth more than 6,500 USD. This makes it very hard for new users to buy one Bitcoin. The creators of BCD feel that Bitcoin should be for everyone, not just those who can afford it.
Cons
- The high Transaction Fees associated with Bitcoin has become a great resistance for transfers and extremely hindered the volume for users to choose Bitcoin
