"Bitcoin will fail. [Scalability issues, and simply too complex]"agree/disagree
1. how many 'noob' users can get over the wall of downloading the btc blockchain?
2.
instant digital cash ... please wait 55-90min for the transaction to confirm.
3. hyp hype hyp hyper ... the btc buzz will eventually fizzle ... then come the alternatives.
4. oh we'll just fork Bitcoin to handle more transactions and bigger block size .. LOL!
Speak of a kind of world war III.What will happen?
Fork impossible.
Solution raise the fees. (which is democratic/miner side and does not require any implementation of new code)
Microtransactions say hello alt coins.
BTC is basically gold. Everyone knows about it but the elite few will actually do business with it at the blockchain on my desktop level.
sub$200 BTC (someday ... likely to suck the last few pennies from the street level suckers ... but BTC is institutional big bucks already ... it is not going away ... but it is NOT an investment ... it is the currency and it will fluctuate). So say hello to stable low inflation coins too
that is if you would like to retain your wealth.
Could cryptos take 5% of GEP?
Why not?
Settlement in minutes.
Freemarket. Global 24/7. Uber low overhead.
Public accounting in the blockchain.
Yeah. First to benefit are not the first world nations. Likely the 3rd world will adopt top tier cryptos as their informal official currency. Ex. East Timor, Cuba, Laos.
Again where you gonna store value?
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