How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount...
I suppose comparing to gold or oil would be the answer.
maybe water?
Bitcoin is a protocol and a technology; it's just a layer, not necessarily the layer that directly touches the end-user. It's the many bitcoin businesses that emerge that will leverage the bitcoin technology directly and provide a consumer friendly service to deliver a wide variety of financial products and services, and compete with each other to solve all problems relating to transaction time, security, etc.
The first goal of bitcoin should be to be able to handle the same amount of transactions as visa.
And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
7/sec is enough for now
their are many solutions, we are actively looking at the solutions and trying to figure out which is best.
this is what software is all about really...