What will happen with Bitcoin if it never scales?

[surfinonmyownwavebaby]

Well first of all it well never scale and Andreas can atest to that in this video: https://www.youtube.com/watch?v=pT9kJq_Ogrk. Even if scaling is a moving target and never makes it there, the current speed of which we have transactions is okay. Sure not many people can use the network, but the infrastructure exists and if it stays this current way I don't see a reason why Bitcoin wouldn't have value. It may not have value of 7k but it could easily have value between $500-7000.

[Abiky]

This is an interesting question. I think that some people will vseravno want to have bitkoin at least as a numismatic value. After all bitcoin vseravno can be bought and sold. Apparently, it will be used only for large transactions. Now there are a lot of coins that can be used for small household transactions. The bitcoin will find a niche in this plan also in the event that it does not scale further. However, to say what will be its price in this case is quite difficult. Everything will depend on the further direction of the development of the crypto currency.

Well, Bitcoin can always become used as a store of value, and for performing large transactions across the world. Even if it doesn't manage to scale, it will remain as a functional cryptocurrency with a greater level of security and reliability than most cryptocurrencies out there. At the cost of speed and high transaction fees, Bitcoin provides unparalleled security and resilience unlike any other cryptocurrency we know and love today. It's been tried and tested over time, allowing people to transact on the network, without the fear of third-party interference.

However, if Bitcoin does manage to scale to many people, then it would be even better because Bitcoin will not only become a store of value (due to its inflationary design) but also a digital currency for everyday transactions. In the beginning, Bitcoin was extremely useful for micropayments and cheap transfers. If improvements over the Bitcoin protocol such as the Lightning Network comes in, then the pioneer cryptocurrency can become great again as everything would be like the old days.

I'm sure that once this happens, Bitcoin's market dominance will rise, and other altcoins would be left behind just like the early days of Bitcoin. It's only a matter of time before the community and the dev team act together, to make Bitcoin stronger and better than ever. Just my thoughts

[Sosad12]

It will become a powerful cryptocurrency and we will use it for every transaction if we want, small or big

[Sosad12]

This is a very tough question. I dont even like to imagine a scenario where bitcoin fails to scale, because it could get very ugly for all cryptocurrencies in the market

[Abiky]

It will become a powerful cryptocurrency and we will use it for every transaction if we want, small or big

Hopefully, it would be this way in the future. If Bitcoin's awaited scalability solution called the Lightning Network becomes successful, then there's no doubt that Bitcoin will become a powerful cryptocurrency to handle any kind of transaction no matter how big or small it is. However, if the Lightning Network fails, then there would be nothing else left for Bitcoin to scale, leaving it in the dust as altcoins take the lead. In such situation, Bitcoin would be used specifically as a store of value or digital gold, mostly for large transactions. Fees would stay high, and speeds would be extremely slow, with the only benefit of greater security and reliability.

Nevertheless, with many advanced cryptocurrencies out there (like most DAG-based ones), it's safe to say that the blockchain is capable of scaling to a large mass of users. Now the question is if Bitcoin would be able to reach consensus to keep moving forward, or it would simply stale in growth, while its competitors take its place as the number one cryptocurrency in market cap. Just my opinion

[rindayle]

Bitcoin needs to start working with governments and be legitimate. Secondly, he needs to have any assets, to determine its price with the prospect of further work.

[Tommy len]

If the bitcoin doesn't scale anymore maybe the bitcoin does not become famous and maybe we haven't forum now. Securing your btc is the good choice to have for now and if btc will not scale and worst fails, there could be changes of peoples choices on currency and  bitcoin will not be recognized in different countries; yet it's current system is still developing and doing great as we seen the price of todays updates.

[Pan Troglodytes]

Bitcoin needs to start working with governments and be legitimate. Secondly, he needs to have any assets, to determine its price with the prospect of further work.

Bitcoin cannot work with governments, because it has no central authority.

On the other hand, its developers may develop a new and better scaling protocol, which will not make the transaction fees go over the roof should the price rally of 2017 happen again.

[Domino68]

I think altcoin is like a helper for bitcoin and support for bitcoin in cryptocurrency. I think altcoin can not be in the top of marketcap as bitcoin is the leader of cryptocurrency and bitcoin is like a path for the others.  Without altcoin, bitcoin is nothing and all of crypto currency is related with each others

[Milado22]

I dont even like to imagine a scenario where bitcoin fails to scale, because it could get very ugly for all cryptocurrencies in the market...

[CaptainKid]

In my opinion, the development, recognition and popularity of bitcoin occurs and increases. There are countries that recognize it as a payment option, and the number of establishments where it is possible to pay with bitcoin or other crypto-currencies is also increasing. Therefore, I believe that the crypto-currencies are the future, and bitcoin is the flagship in the crypto-currency market.

[SemaVaflist]

Also, Bitcoin is still volatile which is one of the weaknesses it has to become used as a serious currency unlike the USD which is stable.If people start using other crypto currencies for daily transactions, then bitcoin will decrease in price and demand for it will fall.

[kkukkugaga]

If that happens btc will be no longer used for payment or any transactions, even though it's still an asset. We all know that people are using btc as investment and so if it never scales, other users or investors may stop supporting it. It will maybe lead btc fo fall. Also, even though other coins already exist, btc is still on demand and mostly use everywhere. Today, money keeps rotating on btc and alt coins, eventually if blockchain continuously grow, many coins will be generated and former coins maybe replaced but btc will stay. The value of btc is very important to us for it dictates our gain and income. It is also where our investment depends on.

[znakistu]

because of the problem of scalability bitcoin, the transaction speed is delayed up to several days. despite the increase in commissions, the delay in processing has not been resolved. attempts were made to correct this problem, and in 2017 the share of operations with bitcoin increased from 7 to 10%. If you do not solve this problem to the end, the speed will again be delayed.

[BrindHexta]

if value is placed on bitcoin as one of the poineer cryptocurrency it would help bitcoin not to be obsolete and be of great gain

[Abiky]

If the bitcoin doesn't scale anymore maybe the bitcoin does not become famous and maybe we haven't forum now. Securing your btc is the good choice to have for now and if btc will not scale and worst fails, there could be changes of peoples choices on currency and  bitcoin will not be recognized in different countries; yet it's current system is still developing and doing great as we seen the price of todays updates.

Yes. If Bitcoin never manages to scale, then people would simply choose to make their transactions on other altcoins instead. They've already implemented scalability features, making them capable of handling massive transactions per second without reductions in speed or a rise in fees. The only reason Bitcoin is still the top cryptocurrency in market cap, is simply because it has first mover advantage. However, one thing for sure, is that its market dominance has been greatly reduced, because people have migrated to other altcoins.

On the other hand, if scalability solutions such as the Lightning Network becomes successful, then Bitcoin would mostly likely replace altcoins over the long term, as people would switch back to Bitcoin for their daily transactions. The benefits such as minuscule fees, and instant speeds are too hard to ignore for Bitcoin once LN is stable and active on mainnet. As such, many altcoins existence would be questioned (like Bitcoin Cash), since LN would be far superior than simply increasing the block size.

Despite this, no one knows what will happen in the future, thus it's best to wait and see what happens with Bitcoin over the long term as a mainstream cryptocurrency for payments. Just my opinion

[avoxosuccesful]

I don't think bitcoin has to scale just to remain valuable. reason wise? i cant say ,i just really think that those investing in bitcoin should have lots of faith and believe in it, cause i think the real issues has to be dealing with stability of price,so as not to put fear over and sell your coin worthlessly to crash what you believe in.you gotta have a lil faith peeps.

[South Park]

If the bitcoin doesn't scale anymore maybe the bitcoin does not become famous and maybe we haven't forum now. Securing your btc is the good choice to have for now and if btc will not scale and worst fails, there could be changes of peoples choices on currency and  bitcoin will not be recognized in different countries; yet it's current system is still developing and doing great as we seen the price of todays updates.

Yes. If Bitcoin never manages to scale, then people would simply choose to make their transactions on other altcoins instead. They've already implemented scalability features, making them capable of handling massive transactions per second without reductions in speed or a rise in fees. The only reason Bitcoin is still the top cryptocurrency in market cap, is simply because it has first mover advantage. However, one thing for sure, is that its market dominance has been greatly reduced, because people have migrated to other altcoins.

On the other hand, if scalability solutions such as the Lightning Network becomes successful, then Bitcoin would mostly likely replace altcoins over the long term, as people would switch back to Bitcoin for their daily transactions. The benefits such as minuscule fees, and instant speeds are too hard to ignore for Bitcoin once LN is stable and active on mainnet. As such, many altcoins existence would be questioned (like Bitcoin Cash), since LN would be far superior than simply increasing the block size.

Despite this, no one knows what will happen in the future, thus it's best to wait and see what happens with Bitcoin over the long term as a mainstream cryptocurrency for payments. Just my opinion

Right now we are in a very interesting time in the development of cryptocurrencies, while I believe in bitcoin we are still not sure if it is going to be the dominant cryptocurrency in the future, segwit was a step forward and it decreased the fees somehow, if the LN is really successful then bitcoin will be the dominant crypto for decades but if it fails then another crypto with superior technology will have the open door to try to take that place.

[taxmanmt5]

What do you think that might happen with Bitcoin if no scalable solution becomes accepted?

Will it remain as a store of value, while other altcoins take the lead for everyday transactions? Or will another cryptocurrency take its place as the top in marketcap?

I would like to know your thoughts about this, as the ongoing scaling debate will further limit Bitcoin from reaching new heights. As for me, I believe that the Bitcoin community would come up at a resolution somehow to put an end to this issue, and make the pioneer cryptocurrency great again. What do you think?  

To tell you truth, bitcoin cannot be vanished or disappeared from the world. Bitcoin is so much adapted and used all over the world that no one can even think of leaving it. There is only one possibility is that we found a severe bug in the blockchain which may make all the bitcoins lost, but this again is no gonna happen.

[jennie.alexander]

If bitcoin never scales, this will cause bitcoin to lose people's interest.small users will go to litecoin and that is why there is a craze for LTC nowadays.