RE: A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018
No inmediate solution.
And it is a real issue.
However I think that at this point it's worth taking a moment to remember what we are talking about here. I know you guys in the crypto world are fast learners and tech savy, but we are at the cutting edge.
Satoshi gave us the key to unlocking a new technology that solved the issue of consensus in his paper and then proved it could be done through the initial implementation.
I work in thechnology and I can swear that scaling the initial design beyond a certain point allways requires a cualitative step.
Wether it will be a completely new kind of algorithm like the one Byteball uses or a second layer technology like the Lightning Network, I could't say.
What I can say is that WE BEST NOT PUSH IT.
Bitcoin has got this far surving hacker attacks, economic attacks, social attacks and legal attacks.
Satoshi saw a problem in society and he invented a technology to solve it.
Bitcoin's problem today is a technical problem and it will be a technology that solves it.
If you need to transact in crypto today, there are a ton of cryptocurrencies with 1/100 the load bitcoin handles that offer more speed and privacy and are cheaper and can use smart contracts and... well. I think you know them as I do.
I use Dash for now.
Sure , no immediate solution. Insightful replied. Thank you. Another issue that is unfortunate is the issue of getting in, I mean crossing the gate inside the cryptocurrencies ecosystem, where usually Bitcoin is the 'gate in' into crypto and the present moment high fees has a profound effect towards all others cryptos which does not accept credit or debit cards for purchase. <3
I get in through Litecoin and use it to move around between exchanges. Faster than BTC or BCH because it has 1/4 the block time.