It seems to me that many in the crypto space could benefit from learning how important scaleability is. I'll keep it as short and sweet as i can. The foundation of the bitcoin network are the miners, miners keep the chain secure while processing transactions and adding blocks to the chain. Miners have skin in the game, if there is no profitability, they dont mine. No miners means no chain security, or transaction processing, miners need profitability to keep bitcoin alive. When the next halving hits, it is a 50% cut on their profits, in order to make up for this there needs to be double the amount of transactions coming in so that miners can continue staying in profit from large quantities of low fees. Why low fees you ask? Because no one is going to pay an absurd amount of a fee to send coin from one place to the other, the best solution is to grow the number of transactions with different rates of fees, this opens the range of profitability for miners. IF BITCOIN DOES NOT SCALE, and TRANSACTION VOLUME DOES NOT INCREASE BY AT LEAST 2X BEFORE THE NEXT HALVING, IT IS GAME OVER FOR BITCOIN. Why? Because the miners will be out of business, no miners=no bitcoin. BTC segwit can no longer scale and we will see that in the coming years, BCH can scale, but not if idiots like ABC get to do whatever the hell they want to the protocol, which btw right now their goal is to implement WHC/plasma, and hundreds of shitcoins.
Did I get that right?
Did I get that right?
No, you didn't.
You left out the fact that the price also naturally rises to make the block reward profitable. We've already seen that happen twice as block rewards have halved.
Supply and demand, people wont be buying BTC when they realize there is a major routing flaw with the lightning network, and that it can't scale globally. You gonna pay ridiculously high fees to send your BTC back and forth? No miners=no bitcoin its that simple, why would anyone in their right mind keep mining a dead coin at a profit loss.
That's pretty funny, really. It is a question you and Calvin should be asking yourselves right this moment.
Well, we wouldn't be in this situation if ABC would stop trying to add uneeded changes to the protocol every 6 months. SV=p2p electronic cash that scales on chain, ABC=WHC/PLASMA, PoS, and shitcoins. Oh and if you think btc will scale globablly, im afraid not my friend. Lightning network as a severe routing problem, GL with it in a few years
lol 
