Bitcoin Scalibility
What do you think about the scalibility of Bitcoin-based transactions?
Here's what I think: Currently time and fee of bitcoin transactions is too way too much. With the current fee structure, only huge payments make sense to be paid with bitcoins. If no resolution to this fact is provided, then bitcoin will soon be replaced with some other coin that solves prevalent issues with blockchain based transactions.
Thoughts?
It's inability to scale is unrivaled.
That lighting network is needed, quickly.
Exactly! As soon as we are able implement a consensus system that is time and cost efficient, I don't see any reason why that particular crypto-currency doesn't become a global payment solution.
I think the developers have just got to find the solutions, until then it is going to get worse of course
People investing in bitcoin should be extremely cautious and should always be ready to pull their money out in time!
yes very true man
What do you think about NEO though?
Also, this is one of the reasons why I believe ripple is a hero at the moment. It sure has a lot of issues to be taken care of, but the vastness of its network is something that we would definitely want to see in a truly decentralized (that ripple isn't at the moment) crypto-currency.