Although we may be able to get by with these patches, the growing size of the 'replicated' ledger will eventually create elite mining communities who control the network, akin to the banking system of today.
As is, it will not be able to achieve what Cryptocurrency was designed to achieve - to supersede the flawed banking system, Cryptocurrency should achieve the following:
- sub-second transaction times
- sub-cent transaction costs
- practically infinite scalability
- controllable price stability
- control being democratically vested in the community
- simple and accessible interface to laymen
Bitcoin is unlikely to achieve this however many patches are made. We need to think anew and that is what we are creating at Noble Nation, as part of an integral solution for how nations should evolve in the future.