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Author Topic: What will happen with Bitcoin if it never scales?  (Read 186 times)

hiramehar

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  • What will happen with Bitcoin if it never scales?
    « on: August 30, 2018, 06:12:28 PM »
    What do you think that might happen with Bitcoin if no scalable solution becomes accepted?

    Will it remain as a store of value, while other altcoins take the lead for everyday transactions? Or will another cryptocurrency take its place as the top in marketcap?

    I would like to know your thoughts about this, as the ongoing scaling debate will further limit Bitcoin from reaching new heights. As for me, I believe that the Bitcoin community would come up at a resolution somehow to put an end to this issue, and make the pioneer cryptocurrency great again. What do you think?   Smiley

    yousufatik

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    Re: What will happen with Bitcoin if it never scales?
    « Reply #1 on: September 30, 2018, 11:47:58 PM »
    You assume that the idea of crypto-currency has already scaled. It hasn't. And if Bitcoin is the lead (by far) crypto-currency, and it hasn't scaled as a currency, no crypto-currency is likely to scale to mass adoption.

    The real barrier that I see is stability of price. It's hard for a merchant to have faith in accepting bitcoin if they don't have confidence that the revenue they earned today will have the same value as tomorrow. Certainly there's upside but we've seen plenty of bitcoin crashes too. So if merchants don't have faith in the stability of the currency they'll need a fast option to convert bitcoin received to fiat, and that kind of speed doesn't happen with Core (does it?)

    Another question: Does bitcoin need to scale as a currency to remain valuable and important? What if bitcoin scales as a store of value investment?
                    
                    
                    
                    
                     
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    ComeBack

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    Re: What will happen with Bitcoin if it never scales?
    « Reply #2 on: October 01, 2018, 12:32:23 AM »
    I only have one choice, Just HODL! I don't really believe that bitcoin will not really going to scale  ;)
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