'Time to Eat Crow' about Bitcoin: American Banker Editor #investorseuropemauritius | The Blockchain Revolution | Scoop.it
Marc Hochstein, editor-in-chief of American Banker, recognizes that five years ago, when writing about bitcoin’s advantages, he failed to realize bitcoin’s limited throughput would undermine the benefits of low costs and near-real-time settlement. Average transaction fees now exceed $2.50 with confirmations sometimes taking hours.