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RE: 17 millions of BTC have been mined out of 21 and Some Expert Predictions
16,000 btc is such a small amount in relative terms but t gets such big publicity because of where they are and which account is moving them.
As long as bitcoin developers keep on working to lower the fees and improve transaction speeds, then no problem. This is the biggest thing holding mass adoption back
No the biggest thing holding it back is honestly regulations. They suck but if you want market adoption that is what it is going to take to tap into large sums of money talking 80 trillion dollars worth
Regulations are a huge part and if we are hoping to get to $80 trillion market cap then they will definitely be addressed. But let’s be honest, btc is slow and expensive. There are lots of coins that are cheaper and faster and yet 1/100th the market cap. Btc miners/developers need to stop squabbling over spinning off new coins and work on making it more efficient
Well they are. Segwit bech32 gives bitcoin 2.2 scaling which is not much. It would give bitcoin 7 tps. Batching(like it or not most bitcoins sent are from exchanges)combines many payment into 1 lowering the transaction stress. LN is bitcoin ultimate goal. Which is being, worked on along with sidechain such as rsk and liquid. Don't get me wrong i don't mind bitcoin cash and the bigger block theory. What i believe is that their is a limit to big blocks. I and many others would like max 10mb blocks. What I do have about bitcoin cash is that their marketing. Ok fine call bitcoin bitcoin core(which isn't true bitcoin cash forked off but fine ) bc after all they say bitcoin split in two. Bitcoin cash and Bitcoin Core(which is false by the way but fine ). But please don't promote bitcoin cash as Bitcoin(BCH). That is not ok.
And also many altcoins would be stressed out like bitcoin is. Steem and bitshares are one of the few that can handle TXs. But it has increasing supply, and is not bitcoin. And also bitcoin is innovating.. Just testing the tech out and/or not being added quick enough.
Yeah there is a long way to go for all of these coins in the space. I would love to see steem try and get into the store of value field instead of just a social currency, I think the price would sky rocket