Bitcoin adoption or scalability

[Kprawn]

The Lightning Network needs a Killer Application for it to increase adoption. People would need the Lightning Network to enable

them to exclusively perform that task. Bitcoin must become the PayPal for eBay type of scenario for it to lift off to the Moon.

Until then, people will adopt it, because it is cheaper and faster than Bitcoin, so there is no "need" for it to be adopted.  Ask

yourself this question.... What does people need that only the Lightning Network can provide?

[CottonGuy]

As more people that's gonna adopt to bitcoin the nearer we are into its scalability issues but we shouldn't worry about it until we reach to that certain point in time. I know the devs supporting bitcoin will find a way to at least try to improve the technology.

[akosipepot]

We still are a long way from crypto adoption, however, it is hopeful that the traditional systems still perceive the blockchain as a reputable technology. Saw this today and it made my hope for the decentralized world rejuvenate:

https://cointelegraph.com/news/world-bank-mandates-commonwealth-bank-of-australia-to-issue-bond-using-blockchain-tech


The only thing stopping us from the next milestone is the ETF. Any inside info on what direction that might take?

That's in line with my thoughts as well. Though, I do hope ETF will come to an agreement that will see the favor of Bitcoin because otherwise Bitcoin will take much longer to climb up.

[nagobinga]

I'm better off saving my bitcoin in a safe place like a wallet and not knowing by a great hacher though and someone who enters another account may have to see or open a bitcoin account every minute so they can't enter it ..

[cryptolandlords]

Scalability is a major factor that may hinder bitcoin from getting into the mainstream where merchant and the general public can fully use bitcoin for day to day life. I know our developers are not sleeping.

[yugyug]

In the first place the bitcoin creator had never expected that this cryptocurrency will be more popular in the future and in the beginning and until now the transaction has not been upgraded overtime and for almost ten years in existence the transaction capacity is almost the same and this is the main reason why mass adoption is still not possible at the moment, it is quite difficult to pay bitcoin in a grocery store if the transaction speed is not upgraded where it is not convenient to wait for a confirmation of more than 10 mins when buying some rush items.

[gold1112]

I think your confused, mainstream adoption on a peer to peer basis, bitcoin was a system meant to get away from central control, and that would mean institutions and banks as they were the ones who screwed it up in the first place. But as you stated if bitcoin succeeds, it hasn’t in general, neither has it by adoption because over 40% of BTC are owned by a few and the market is niche.

[Kakmakr]

People are trying to force Bitcoin to become mainstream, before it is ready for mainstream use. We saw what happened before SegWit was around, people spammed the Blockchain and the result was high fees, due to congestion. The developers was already two steps ahead and they provided us with SegWit.

SegWit took some time to find it's place and now tx's are much cheaper due to it's implementation and spamming the network became more costly and that stopped the "spammers" for now.

As I said, the developers were 2 steps ahead and they worked on the latest scaling solution called the Lightning Network and the adoption and testing is now being done for that.

Just give it time, scaling is already not an issue anymore. 

[r32godzilla]

Some weeks back, there was a buzz around the LN going to help the bitcoin network become more efficient, hence it would drive adoption. Still, not much has changed to the whole adoption puzzle, it seems we are really stuck with so many complexities.

New cryptocurrencies entering the market are offering lower entry barrier but only lack the popularity or dominance BTC has. I'm a superfan of bitcoin protocol but I still don't get why we can't have a tradeoff.

BTC adoption (for mainstream merchants and highly sophisticated transactions) as against scalability. It's not like everyone in the world owns gold, so why should BTC become a 'world-currency' either? The few people who can have it should cherish it and only use it for more exclusive financial functions.

However, I still believe LN should be perfected, but adoption and current use cases should be well established and deeply rooted in the economy.

Yes bitcoin could not play the role as a world currency and also it has not been created for that.Its some people who wish it to be a currency while a majority volume of people sees it as a high ROI giving asset.LN has not done any change in the bitcoin price.