Author

Topic: BTC core principle is nonscalable (Read 159 times)

jr. member
Activity: 332
Merit: 1
September 21, 2018, 05:20:38 AM
#1
You may basically call it:"BTC is a scam, proof block3", but let start with a riddle.

If You were able to fold simple A4 paper into half 43 times and then stood at the top of pile, how high would You be? I have never got a right aswer (if other person hadnt hear the riddle before) because people suck in exponential mathematics. Astonishing answer is, that, You would had passed the Moon.

https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Now take a look on BTC full blockchain size. This is precisely, what is happening with BTC. It doubles with every year, (NB this is very important) without even a significant increase in active addresses or number of transactions. https://bitinfocharts.com/comparison/bitcoin-transactions.html  BTC is used in TINY TINY TINY amounts as a currency. Now, if everybody accepted BTC now and started to use it for buying chewing cum, this blockchain size would grow into unbearable size in no time.

BTC can not become scalable in decentralized way! It is mathematically impossible and therefore its a scheme.

Jump to: