Topic: What will happen with Bitcoin if it never scales? - page 7. (Read 11417 times)

You think the idea of electronic money has been reduced. It did not. And if Bitcoin is the leading currency (so far), and it is not scaled as a currency, no electronic currency is likely to extend to mass acceptance.

It will become a powerful cryptocurrency and we will use it for every transaction if we want,then it will be a store of value and some other altcoins will be used for the daily trades.

For me bitcoin as the face of digital currency. When you meet someone and you want to tell them about your digital currency you should first mention bitcoin. You can not mention all the coins, but at least its history will be traced to bitcoin. Even if it never scales it would be a great store value, people would buy it and exchange it with other cryptoes, especially ethereum or dasboard, because they want faster tractionactionIf the bitcoin doesn't scale anymore maybe the bitcoin does not become famous and maybe we haven't forum now. Maybe bitcoin will more powerful in some day. If bitcoin doesn't scale maybe other money or coin will release and it being famous.

Yes. Bitcoin's the original cryptocurrency and the reserve currency of the crypto market. If it fails to scale, then other coins might not gain traction (even if their technology is proven to scale), simply because their leader has fallen. Blockchain tech wouldn't have been possible without Bitcoin, and if the first application of the blockchain as a currency fails, then I doubt that another crypto would take BTC's place if it becomes scalable.

Also, the real problem as you've mentioned is the price stability of Bitcoin. Since it's a volatile cryptocurrency, a real value cannot be established, making it an unstable medium of exchange for merchants and businesses alike. In contrast, fiat is stable and doesn't face any scalability issues.

Therefore, if Bitcoin wants to be used as cash instead of a store of value, it would need to scale as soon as possible, otherwise people might turn into other options or they will stay away from anything crypto. Scalability is necessary for mainstream adoption of cryptocurrencies and blockchain technology, and if all else fails, then centralized payment processors will remain in the lead. Just my thoughts

if Bitcoin is the main currency (so far) crypto currency, and it has not been scaled as currency, there is no crypto currency that tends to scale for mass adoption.
The real obstacle I see is price stability. It's hard for merchants to have confidence in receiving bitcoin if they do not have confidence that the income they produce today will have the same value as tomorrow.

Yes. It's a very interesting time for cryptocurrencies indeed. Ever since SegWit was activated last year, Bitcoin has seen a sharp decline in fees, as well as increased user interest. Now that this has been achieved, it's possible to use the Lightning Network within Bitcoin. While LN has many benefits to help improve Bitcoin's scalability, it's not a perfect solution as some people say that it will make Bitcoin more centralized over time.

Perhaps, in the future, the Lightning Network would become successful enough to handle all the world's payments, while retaining decentralization which is the value proposition of any blockchain. If LN could remain decentralized, then there should be nothing stopping it from becoming used in the mainstream world. However, if all else fails, there's always the option of altcoins since they have already implemented certain upgrades for scalability (like Bitcoin Cash's 32MB block size).

In the end, it will be up to the people decide what's best for Bitcoin in the long term. Just my thoughts.


Exactly. Bitcoin has grown strong over the years, which makes it practically impossible to become dead anytime soon. With the current amount of hashrate available on the network, as well as, the number of nodes distributed across the world, it would take a lot of effort and money to make Bitcoin disappear. However, if Bitcoin never scales to expand itself to a greater number of users worldwide, then it would be doomed as other cryptocurrencies with better technology will take the lead.

Only time will tell us what will happen once Bitcoin fails to scale in the mainstream world.

If bitcoin never scales, this will cause bitcoin to lose people's interest.small users will go to litecoin and that is why there is a craze for LTC nowadays.

To tell you truth, bitcoin cannot be vanished or disappeared from the world. Bitcoin is so much adapted and used all over the world that no one can even think of leaving it. There is only one possibility is that we found a severe bug in the blockchain which may make all the bitcoins lost, but this again is no gonna happen.

Right now we are in a very interesting time in the development of cryptocurrencies, while I believe in bitcoin we are still not sure if it is going to be the dominant cryptocurrency in the future, segwit was a step forward and it decreased the fees somehow, if the LN is really successful then bitcoin will be the dominant crypto for decades but if it fails then another crypto with superior technology will have the open door to try to take that place.

I don't think bitcoin has to scale just to remain valuable. reason wise? i cant say ,i just really think that those investing in bitcoin should have lots of faith and believe in it, cause i think the real issues has to be dealing with stability of price,so as not to put fear over and sell your coin worthlessly to crash what you believe in.you gotta have a lil faith peeps.

Yes. If Bitcoin never manages to scale, then people would simply choose to make their transactions on other altcoins instead. They've already implemented scalability features, making them capable of handling massive transactions per second without reductions in speed or a rise in fees. The only reason Bitcoin is still the top cryptocurrency in market cap, is simply because it has first mover advantage. However, one thing for sure, is that its market dominance has been greatly reduced, because people have migrated to other altcoins.

On the other hand, if scalability solutions such as the Lightning Network becomes successful, then Bitcoin would mostly likely replace altcoins over the long term, as people would switch back to Bitcoin for their daily transactions. The benefits such as minuscule fees, and instant speeds are too hard to ignore for Bitcoin once LN is stable and active on mainnet. As such, many altcoins existence would be questioned (like Bitcoin Cash), since LN would be far superior than simply increasing the block size.

Despite this, no one knows what will happen in the future, thus it's best to wait and see what happens with Bitcoin over the long term as a mainstream cryptocurrency for payments. Just my opinion

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

because of the problem of scalability bitcoin, the transaction speed is delayed up to several days. despite the increase in commissions, the delay in processing has not been resolved. attempts were made to correct this problem, and in 2017 the share of operations with bitcoin increased from 7 to 10%. If you do not solve this problem to the end, the speed will again be delayed.

If that happens btc will be no longer used for payment or any transactions, even though it's still an asset. We all know that people are using btc as investment and so if it never scales, other users or investors may stop supporting it. It will maybe lead btc fo fall. Also, even though other coins already exist, btc is still on demand and mostly use everywhere. Today, money keeps rotating on btc and alt coins, eventually if blockchain continuously grow, many coins will be generated and former coins maybe replaced but btc will stay. The value of btc is very important to us for it dictates our gain and income. It is also where our investment depends on.

Also, Bitcoin is still volatile which is one of the weaknesses it has to become used as a serious currency unlike the USD which is stable.If people start using other crypto currencies for daily transactions, then bitcoin will decrease in price and demand for it will fall.

In my opinion, the development, recognition and popularity of bitcoin occurs and increases. There are countries that recognize it as a payment option, and the number of establishments where it is possible to pay with bitcoin or other crypto-currencies is also increasing. Therefore, I believe that the crypto-currencies are the future, and bitcoin is the flagship in the crypto-currency market.

I dont even like to imagine a scenario where bitcoin fails to scale, because it could get very ugly for all cryptocurrencies in the market...

I think altcoin is like a helper for bitcoin and support for bitcoin in cryptocurrency. I think altcoin can not be in the top of marketcap as bitcoin is the leader of cryptocurrency and bitcoin is like a path for the others.  Without altcoin, bitcoin is nothing and all of crypto currency is related with each others

Bitcoin cannot work with governments, because it has no central authority.

On the other hand, its developers may develop a new and better scaling protocol, which will not make the transaction fees go over the roof should the price rally of 2017 happen again.

If the bitcoin doesn't scale anymore maybe the bitcoin does not become famous and maybe we haven't forum now. Securing your btc is the good choice to have for now and if btc will not scale and worst fails, there could be changes of peoples choices on currency and  bitcoin will not be recognized in different countries; yet it's current system is still developing and doing great as we seen the price of todays updates.