What's at stake?

in #inteleguy7 years ago

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Bitcoin risks becoming a victim of its success.
The popularity of the financial technology has caused transactions to be processed slower, with some users complaining of having to wait three days or more for confirmation of trades when the backlog was at its worst, in May.
Moreover, fees have also risen, hitting a high of $5 per transaction at the start of June.
That makes it too costly to justify its use for some purchases, such as buying a pint of lager in a Bitcoin-accepting pub.
There are ways around the problem, but the cryptocurrency's community has been split over which solution to adopt.
The risk is that Bitcoin could effectively split in two, with one type becoming incompatible with another, ultimately undermining confidence in the project altogether.

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