I’ve been reading the different posts opened about the subject on this forum and it’s surprising to me that nobody is commenting about what you say.
No scalation means that bitcoin won’t become mainstream because of the vast amount of energy needed to do so. This keeps bitcoin far away from Satoshi’s idea of a p2p electronic cash system. I don’t know if hardware upgrades could significantly help, though, as it already happened.
Since I began understanding bitcoin and cryptos world I thought that bitcoin would be the new gold, as it would be used as a store of value, and there would be another or other alts that would be used as the new cash, electronic one. However, that might not be the case, and maybe only those coins able to be used as cash, with fast transactions and low fees, will remain.
BTC is a store of value, "RICH MANS GOLD"
The poor can use BTC-z bitcoin-z, 25billion, cash of the poor
One shoe doesn't not fit all rich & poor
SHIT-COIN is very thinly traded amongst nerds, one of these shit-coins will eventually be adopted, most 3rd world country's now use 'phone credit' as money to transfer buy&sell.***
Just two days ago SEGWIT2 was declared dead!
Why? Because the 'experts' & bitcoin-core ppl now realize that Satoshi was right, that there is NO way in hell you can herd a bunch of cat's especially 51%, when there are millions of cats in a open desert.
All forks are dead,
WRT to the argument about fee's, slow transactions, ...
Fee's are a problem, but U don't have to pay the fee, and if you just wait until the next block u go into the front of queue,
Slow-transactions, again these are problems of fools, certainly 10 minutes or 2 hours is not bad if your moving $1M USD from a to b, what's the hurry?
WRT to buying coffee, well then use BTC-Z, its a penny coin that is essentially 100% BTC with equihash (GPU),
I think BTC will continue to be a 'rich mans' coin, no way in hell the average joe can own a coin, no more than the average joe can own an ounce of gold,
The average american don't have $500 USD in the bank, who in the hell is fooling who here?
NO BTC fork will ever get the 51% consensus, the writing is on the wall.
New Forks, or clones have to be VERY GOOD in order to surpass BTC, very good.
PPL forget these debates are not new, back in the 1990's or 1980's with PC's it was first that mattered, and best, and fastest, you had to be one of the three to be a king,
Same now BTC was first, and there they will stay, as for next tier u must be "BEST" who that be? Fastest again, as all is just a cheap clone, ...
I think 2nd gen BTC will come from somebody who rolls a new block-chain paradigm from scratch and resolves all the problems,
For now BTC will be the MODEL-T, perhaps it will have a 20+ year life, ... who knows, most likely it will become the rich mans gold,
Missing for most people is 'privacy', only they say Monero offers privacy, but it doesn't, thus IMHO the next COIN for the rich will be ...
1.) Fast
2.) Best
3.) Privacy, nobody knows, no public ledger, nobody knows whos rich
4.) untouchable by GOV, not even the NSA can break
Doing 1-4 above will require a team of people who are not sucking NSA cock, or being spoon fed by CIA, or MOSSAD.
Almost all coin including BITCOIN is uncomfortably too close to NSA, same for Monero and its questionable choice of EDSCA integers
IMHO the next BTC will come from some kid in Mexico or Laos, on his PC running his GPU, and he'll develop an ALGO that satisfy's 1-4
The problem with all coin to date, is that it all has vested interest by the "Powers that Be"
Take BITCOIN-GOLD, just a worthless piece of shit, but being pumped by richest guys in china, russia, and bulgaria, ... go figure; None of these are giving the little people what they need & want.
Once again, lets remind all of Satoshi's Vision.
1.) Free banking for all on earth
2.) little to no fee
3.) no transaction cost
4.) anonymous, nobody knows who has money and where
5.) no theft, nobody can steal your money
All governments on earth are organized criminals intent on robbing the sheep, thus the GUYS/GALS to who satisfy the needs of the sheep will NOT come from the status-quo educated elite.
