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RE: The Two Potential Paths for Bitcoin
Neither of your options is going to happen.
You do understand that there is no chance BTC is ever used for daily transactions? Right? The coin is defective in terms of transaction costs and transaction time. And there is no path tp consensus to resolve that.
So the more likely outcome, which you dont even list, is BTC survives as digital gold. You will use BTC for daily transactions about as frequently as you use real gold today for daily transactions. Effectively never.
Seems the bcash shills have made their way to steemit, so I dont know if I should even address you, but youre wrong. First of all, becoming a store of value and being digital gold, IS MAINSTREAM USE. What do you think institutions will use it for? Mostly as a store of value. Also this whole FUD about not using it for daily transactions is stupid.
Yes you shouldnt use it for a cup of coffee (I never stated mainstream adoption would be by people using it for that), but I can send 200 dollars to any of my friends without a middle man for a couple of bucks using segwit, which for some reason the same people complaining about expensive transactions, dont even implement.
Censorshipless transactions were never meant to be free, there is a trade off. I wouldnt suggest using bitcoin as a form of currency anyway, deflationary currency usually leads to problems. As a store of value or investment class asset-currency hybrid, it can be very useful. Use your USD for coffee, theres no reason to use bitcoin.
Also a block size raise is coming in the future, but it wants to be lumped in with other things as well and lightning will come within the next few years, which for every day use, if you want to use btc for coffee, you could easily do for a tiny amount.
If Lightning is enabled (and that's a big if) maybe it will return to being able to be used for daily transactions. But right now, LTC and many other coins do what BTC was supposed to do...just better.
BTC was just first, but it's certainly not the best right now.
IOTA has plans to, but at this point definitely doesn't have the capacity. If they can realize their goal of decreasing transaction time with increasing use in addition to zero transaction fees then it will be unstoppable.