Bitcoin has no future without a blocksize increase. That is pure logic and not disputable.
Hmm, let's see how your BitcoinObituary.com FUD has aged over the past two years.
UPDATE:
MAX_BLOCKSIZE=1MB (no change)
PRICE=$20,000 (up 10,000%)
So much for your "not disputable" "pure logic." If you're going to write such specious pompous nonsense, expect to be held accountable and made the subject of mockery.
Um... with the use of Blockstream bitcoin gets fixed? That is not a solution. That is NOT using bitcoin. Nothing more. It's avoiding it's use and tunneling transactions into an altcoin.
And Gavin came up with that because we already know that at the end of 2016 we will have full blocks. It would be too late to act then. Not to mention that bitcoin would die instantly when amazon would decide to accept bitcoin payments tomorrow. Because bitcoin could not handle this amount of transactions. The new users would have a terrible experience and that would be a huge hit for bitcoin.
No, there is no way around raising the blocksize limit or even dropping it completely.
I'm no fan of hearn for sure. And i don't like that gavin went to hearn. But as far as i read nearly no one supporting xt wants all the other stupid things hearn wants. So it is only a vehicle to get the 8mb blocks. Then they would use core again.
UPDATE:
BLOCKSTREAM=STILL HERE
YOUR FUD = BTFO & REKT
iCEBREAKER, somehow I'm glad to read something from you. Bitcoiner of the first hours.
Well, back then I didn't speak about bitcoin as an investment, it surely was a nice investment. I was speaking about the original ideas of bitcoin. Most important points everyone can use it for low costs, fast, adoption and so on. However these points can not be met anymore. When we passed paypal fee level it wasn't already funny anymore. Now we are competing with WU already it seems. Back then we made fun of them. Now we slowly get worse than all of them. Which leads to the next point. Adoption. As an investment, fine, but that wasn't the original idea. No poor farmer in some third world country can use bitcoin anymore. And a currency lives of adoption and usecases.
Some weeks ago I tried to order food with a german delivery service. Payable in bitcoin. I wouldn't do it anymore. The fees for the tx were so high that it makes no sense. And the documentaries showing how easy it is to buy a cup of coffee with bitcoin leaves the informed user back with a smile and a tear.
I have to say, since some weeks bitcoin is practically dead for me as a currency. (not as an investment) For very high priced things the tx fee might not be as bad but the usecases of a currency that expensive is very limited already. It simply makes no sense anymore to pay things worth less than $1000 with it anymore. One has to use other currencies.
No current plan I am aware of has the potential to safe bitcoin compared to the tech of newly created coins with way higher performance and scalability. Why use bitcoin as a currency now when bitcoin got childs that let bitcoin look like a slow, expensive whale? I think bitcoin surely will survice as an investment. As a currency it will be left behind.
Segwit is nice because it scales with the amount of transactions. Still the potential is way too low to make a huge difference.
LN, well, for me I do not have a usecase and I would disable it in btc wallets to prevent coins being blocked in some payment channels since there is no service that I use that would make this useful. However, if others adopt it so hard that tx amount on the bitcoin network go down then it might make bitcoin itself useable as a currency for me again. Not sure if achievable. I wish blockstream the best of luck. I only think they took way too long, the whale was sitting watching his childs growing stronger in capability, fees and so on and was unable to move.
I think currency use will move to other faster and cheaper coins. Investment might still stay strong in bitcoins hand.
At the end satoshi can be pleased. He gloriously managed to achieve what he wanted. The idea he brought to life changed the world and still changes the world. It's unthinkable to bring satoshies idea down again.
Hope you are doing well!
Sebastian
