The header of the Bitcoin white paper defines the digital currency as “A Peer-to-Peer Electronic Cash System.” However, a deeper look into what Bitcoin has become, and where it has come from, shows a very different picture.
Not for your daily cup o’ JoeThe way Bitcoin has grown and been shaped with upgrades such as SegWit2x failing to fire has seen its scaling languish. This, tied to the influx of users on the network, has led to a backlog and bottleneck which in turns means slow transactions, and expensive ones to boot. Hardly ideal for a currency.
Other options?So, what if you are steadfast in leaving fiat currencies behind and freeing yourself with Bitcoin as a functioning currency?
Source:
https://cointelegraph.com/news/can-bitcoin-claw-its-way-back-to-being-a-payment-system
