I am sorry, but I have to agree, Boycotting the service will not help anyone in any way, except for the government bodies who want it canned. What would be a good reason to boycott bitcoin? We all have money tied up into it and if it goes down, it is gone for good.
Boycott did not happen except for maybe me and the only 200 or so people that saw the original topic link,
BTCTalk Censored every topic listing , I had posted.
At least we know big brother is alive and well.
As far as a real fix to BTC transactions issues.
Here are 2 different fixes, recommend by 2 different groups. (To be honest either or both would fix the transactions issue)
https://bitcoinmagazine.com/articles/why-viabtc-rejects-segwit-soft-fork-in-favor-of-block-size-hard-fork-interview-with-haipo-yang-1479409475Instead, the mining pool favors a hard fork to remove the one megabyte block size limit, as proposed by Bitcoin Core fork Bitcoin Unlimited.
http://www.coindesk.com/lower-bitcoin-block-time-scale/Using data pulled from their open source simulator of a proof-of-work blockchain (bitcoin and ethereum are two such blockchains), researchers from ETH Zürich argued that bitcoin could securely reduce its block time from 10 to 1 minute.
LTC has 4X the transaction capacity as BTC , because they have a 2½ minute block speed.
BTC could lower their block speed to the same 2½ minutes and double their block size to 2 Megabyte instead of 1 megabyte.
This would increase BTC Transactions Capacity
8X what it is today.
You have some shrills pop up, that say it is too risky or hurts security or it is just made up propaganda.
Will doing the above make BTC a match for Visa, No it will never be a direct match for visa at current infrastructure level.
OffChain Transactions will be required to match Visa, whether the lightening network or something else.
But even the LN will fail, if BTC can't handle the transactions volume, which it is already at the breaking point.
https://bitcoinmagazine.com/articles/here-s-how-bitcoin-s-lightning-network-could-fail-1467736127The Lightning Network’s Failure Mode
The Lightning Network failure scenario described by Todd, takes place when a large number of people on the Bitcoin network need to settle their Lightning Network disputes on the blockchain in a relatively short period of time.
https://bitcoinmagazine.com/articles/here-s-how-bitcoin-s-lightning-network-could-fail-1467736127“We do have a failure mode which is: Imagine a whole bunch of these [settlements] have to happen at once,” Todd explained. “There’s only so much data that can go through the bitcoin network and if we had a large number of Lightning channels get closed out very rapidly, how are we going to get them all confirmed? At some point, you run out of capacity.”
In a scenario where a large number of people need to settle their Lightning contracts on the blockchain, the price for doing so could increase substantially as the available space in bitcoin blocks becomes sparse. “At some point some people start losing out because the cost is just higher than what they can afford,” Todd said. “If you have a very large percentage of the network using Lightning, potentially this cost is very high. Potentially, we could get this mass outbreak of failure.”
No matter if SegWit & LN is activated next week, none of it gives a 8X increase like the earlier recommendations, so it will likely crash within a year or two, unless the underlying structure is able to handle the load.
Example:
BTC is the Foundation of Building
SegWit , the 1st floor, and LN the Skyscraper on top of it,
If BTC crumbles because it can't handle the stress, SegWit & LN are going to come crashing down on top of it.
