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Question: Facebook Libra, Why Not Bitcoin/Bitpay? Or is it a problem with scaling?
For Facebook a question of control/power? - 11 (68.8%)
Bitcoin can't handle numbers/scaling? - 2 (12.5%)
Pushback from Governments Worldwide? - 3 (18.8%)
No Idea! Clueless Myself! - 0 (0%)
Total Voters: 16

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Author Topic: Facebook Libra, Why Not Bitcoin/Bitpay? Or is it a problem with scaling? POLL.  (Read 252 times)
ChrisPop
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October 29, 2019, 03:25:13 PM
 #21

Bitcoin is a flexible blockchain, we can change block size through a democratic vote(consensus). However there is no need for that at the moment as transactions can be made instantly through the lightning network. Businesses just need to inform thermselves a bit and adopt Bitcoin as a payment method. There are many online businesses that accept Bitcoin through payment processors, but we should aspire that coffee shops accept Bitcoin payments directly and not sell them immediately for cash. For that to happen we need to increase the BTC economy. We can do that simply by increasing awareness. By promoting it, by incentivising its use, education people about the benefits of using a cryptocurrency,etc.
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