I guess it's conceivable this could really happen. I'm not sure which is more mind blowing at this moment in time, Bitcoin heading far into the tens of thousands or fees reaching the hundreds. I checked a not massively input heavy balance today which would take $60 to move low priority but that's probably down to crappy estimation.
Those unbanked Kazakh goat whisperers won't be able to access the global economy and do online goat whispering with Bitcoin after all for now at least.
Oi, come on now, no need to be elitist, even as a joke
I think the "upside" of this scaling issue, or fee problem anyway, is that people are being forced more and more to learn more about Bitcoin's tech... how to use it properly, how to be more in control, how it works... which is, arguably, the direction users should head towards to so they can help with forward adoption. I say this only because of my own experience. Perhaps if fees and confirmation times never became an issue for me, I'd never have learnt to use wallets properly. Perhaps without the fork threats (and events), I might never have needed to learn how to secure my coins.
Nah, honestly I'm not that too worried about it. Sooner or later somebody has to give way and start using the tech available to accomodate more transactions per block. And better, a layer on top making lightning fast transactions possible, and get this... It can scale!
I think that's right. We now see more services moving towards adopting Segwit (which is 5 months old almost now), and itself was a form of increasing block limits. Things will happen, naturally a lot more slowly than many would like, but necessity after all, is the mother of invention.
