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RE: Bitcoin Scaling Debate

in #bitcoin8 years ago (edited)

No I was talking about the technical effects of it. Having people forced to use a currency which has no intrinsic value is the same as people voluntarily using it if it has no value.

The difference is that Bitcoin has value as long as it has certain advantages over the legacy systems (no entry cost, no regulation, low fees, and no transaction prohibition)

If those advantages were to go away (which they slowly do, governments are already regulating it, and the fees are going up)

Then certainly, if we are not forced to use it, we wont. So altcoins will fill this demand then.


We don't need to bet, you will just see for yourself what will happen to your money if the TX fees go absurdly high. Good luck with that.

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