Topic: What will happen with Bitcoin if it never scales? - page 10. (Read 11417 times)
I think that Bitcoin will survive, we would deffinatelly invent something to keep it healthy and operating, even if there will be a need of some replacing.
Bitcoin is the main currency of kriptocurrancy so far, and it has not been scaled as a currency, no kriptocurrancy currencies are likely to scale for mass adoption. The real obstacles you see are price stability. Bitcoin will remain king for now, but other coins with faster transaction time and optimized Blockchain can surely take over.
Bitcoin will still top the rankings, even if its role is replaced. Because I think the role of Altcoin is just a complement to the existence of Bitcoin.
If we see current position. Then Bitcoin has good value and value of it increasing day by day. There is heavy amount for one coin. So I think it's hard to use for daily transactions. It's mainly using for investment. The trend of market are changing time to time. But now it is using as store of value.
If Bitcoin stops scaling, then it also stops living. Bitcoin will eventually die. If it will only act as a store of value, which is what's going to happen if it stops scaling, then Bitcoin is not anymore the Bitcoin that we support. The majority will leave. It does not serve its purpose anymore. The issue of scalability, being the bottleneck of Bitcoin, has been given enough attention by the new coins coming out, thus defeating Bitcoin in this sense, although I believe the Bitcoin team will never ever allow this to happen.
I guess if bitcoin will never scales its price or value will fall down in a blink. The reason why people are into crypto currency like bitcoin is because its value or price scales or rise and fall. With this set up they are having a chance to buy when the price or value is low and set this when it is high. And if this will be out of the system of the crypto currency surely the users and investors of this will left. So I strongly suggest to keep on buying and selling so the scale will never stop and the process will continue.
if value is placed on bitcoin as one of the poineer cryptocurrency it would help bitcoin not to be obsolete and be of great gain
If Bitcoin never scales, then I guess that it would be doomed then. Other cryptocurrencies have already scaled and have implemented better features than Bitcoin itself. So, people will simply move to the next big thing as soon as Bitcoin stales in growth. But, seeing that the Lightning Network is being heavily tested by the Core team, shows that Bitcoin could scale to a large mass soon. When the moment comes, I'm sure that Bitcoin will experience a spike in value as hype builds up with its latest scalability tech.
Hopefully, Bitcoin could continue to grow as it becomes the biggest medium of exchange in the world.
Hopefully, Bitcoin could continue to grow as it becomes the biggest medium of exchange in the world.
For micro transaction as a normal form for transaction in the market and as the top in all cryptosites will be difficult for bitcoin to be used.In years coming the price of bitcoin will still be increasing.Other coins will increase but can not beat the price of bitcoin in the market.No real problem with that other than fluctuations before exchange. Somebody from Coinbase said in an interview that their large merchants exchange their bitcoin for fiat.
The bitcoin is built to operate within an ecosystem that is cryptographic in nature. Every cryptographic ledger has a scalability potential which is the reason this mode of transaction can be deployed for a wide range of uses. It likely couldn't happen. But if it happens, the other altcoins will also suffer the same loss at some point.
The bitcoin is built to operate within an ecosystem that is cryptographic in nature. Every cryptographic ledger has a scalability potential which is the reason this mode of transaction can be deployed for a wide range of uses. It likely couldn't happen. But if it happens, the other altcoins will also suffer the same loss at some point.
I think that not all coins can be in the top of the most popular coins of the world. Like all companies, like banks, everything can be interesting only in specific countries or territories, and only a few become famous in the world, although cryptomir unites the whole planet
it probably just descends in price, and will be constantly on it, it stabilizes, but it will not be profitable as it was before)
I am sure the bitcoin will turn into the strong currency and will be accepted for everyday transactions soon.
Another coin that can be scaled will be used if BTC can't scale. It is like MySpace and others. MySpace was the most used social platform. But now no one use it.
i don't think any other coin can replace bitcoin from top position in marketcap due to different reason but bitcoin has the largest community support.
I think bitcoin is the face of digital currency. When you meet someone and you want to tell them about digital currency you must first mention bitcoin. You cannot mention all coins, but at least the history will be traced to bitcoin. So even if it never scales it will be a great store of value, people will buy it then exchanges it with other crypto particularly ethereum or dash that is if they want a faster transaction.
if it can't scale there is no way you'll be able to use it for everyday transactions in reasonable manner.
it might stick around for trading but not for everyday use.
it might stick around for trading but not for everyday use.
I think bitcoin is the face of digital currency. when you meet someone and you want to tell them about digital currency you must first mention bitcoin
Never know what will be in the future. That's why we shouldn't believe only in bitcoin and have only it in our portfolio. If your money invest in different places and coins, you can save it more in hard situation.
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