What will happen with Bitcoin if it never scales?

[Legolass]

if a currency type that which is restricted for extended module, no many people want to join it

[suman mark]

All must decide, and for the better! Bitcoin will remain and retain its value, and may even increase. Go to a higher asset class. And other coins will perform for him all the dirty work.

[Abiky]

Then it will be a terrible currency system. Number of the users will be limited, and bitcoin can only serve a small group of people. Other program will replace bitcoin one day.

That's certainly true, mate. If Bitcoin doesn't scale to the wider public, then it cannot be used as a currency. It would only be useful as a store of value, just like Gold. As you've said earlier, another cryptocurrency might replace Bitcoin sometime in the future, if it proves to be secure, faster, and cheaper than Bitcoin. The technology is already there to make Bitcoin scale to millions of TPS at the lowest cost possible. However, it would be up to the people to adopt new scaling solutions to help make Bitcoin a better cryptocurrency.

Otherwise, existing centralized payment solutions would stay on the lead for quite some time. Bitcoin and Blockchain technology need to beat out centralized systems like PayPal and Visa, to effectively remove the middleman once and for all. Only then, Blockchain would've achieved its true purpose by giving the people sovereignty over their own money.

Nonetheless, this will be long story that might never end if no scaling solution is put up to the test. Just my thoughts

[Folks mk]

 it has not been scaled as currency, there is no crypto currency that tends to scale for mass adoption.It's hard for merchants to have confidence in receiving bitcoin if they do not have confidence that the income they produce will have the same value..

[Abiky]

it has not been scaled as currency, there is no crypto currency that tends to scale for mass adoption.It's hard for merchants to have confidence in receiving bitcoin if they do not have confidence that the income they produce will have the same value..

You do have a point there, mate. There would be no point in scaling Bitcoin for mass adoption, if its value is relatively unstable. Considering how hard Bitcoin has been hit with this year's bear market, it'll be quite difficult for Bitcoin to attract new people into using it for their daily needs. Hence, there should be more regulation in the crypto space to help stabilize Bitcoin's price. Only then, Bitcoin could aim for scaling to limitless TPS for the whole world to enjoy.

The real question is whenever Bitcoin's LN would become adopted or not within the future. Because if it doesn't, then the scaling solution would have failed. Then, there would be nothing else left for Bitcoin but to simply look for an alternative scaling solution which could be easily adopted by the masses. The key is to promote and spread education related to Bitcoin's newest scaling technologies to make people use them. Otherwise, Bitcoin will continue to be used as a store of value for a long time. Just my opinion

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