Oldenburg told the Swedish tech website, Breakit, that BitCoin “is an extremely high risk.” He also said, “It costs a lot to transfer bitcoins to and from the stock exchanges. When I sold my BTC I had to pay $50 and wait 12 hours or the transaction to go through because of this.
He revealed Bitcoin.com had ‘stopped developing new services for the old bitcoin network’ and now primarily focuses mostly on bitcoin cash, which was launched in August.
The old bitcoin network is virtually unusable. It’s at bitcoin cash that the solutions are, that’s where I see a future.”
Is Oldenburg on to something, or is he jumping the gun?