You are viewing a single comment's thread from:
RE: $194 million was recently moved using Bitcoin - costing $.10
I totally agree with these advantages over traditional financial transfer but lets also be unbiased in that technology is not ready for the volumes thatbare handled by the traditional systems at the moment. If only a portion would move over to bitcoin, the blockchain would clog up and increase it fees exponentially. However, I am sure it will still be less than the fees paid today on the traditional side. This signals the importance of scaling for the networks thatbare further along the adoption process.
That is a very good point. Though if just some of that money moved over and it did so gradually things will continue to operate smoothly. However, like you mentioned, the current tech can't scale. That likely changes in the next 2 years though.