Topic: Does scalability matter to Bitcoin (Read 128 times)
No I definitely refuse to accept that Bitcoin is only for store of wealth. I got interested in bitcoin as an effective pseudo-anonymous payment system; and I'm still bullish on bitcoin for that exact same reason. Good thing it looks like lightning network adoption is just right around the corner.
If the Bitcoin core developers will start to implement new technologies to the Bitcoin blockchain, then Bitcoin will become much faster and more cheaper to transfer.
Scalability matters to a currency that has ambitions to become a global payment system, but the inbuilt limits in the Bitcoin concept show that it was designed to prevent this from happening. Bitcoin is making a transition into a long term store of wealth, and this means that security, and possibly confidentiality, are of greater importance. It also means that more sophisticated transfer controls will become important. SegWit and other developments are helping this.
Should we accept that Bitcoin is now a store of wealth, and that scalability is no longer a major focus for the future?
Should we accept that Bitcoin is now a store of wealth, and that scalability is no longer a major focus for the future?
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