Can any of you permabears actually imagine a 'worldwide adoption' scenario and how that might unfold?
No. The blockchain can handle
2.7 transactions per second. Meanwhile, Visa and Mastercard are handling millions of transactions per second. Bitcoin offers no security and no benefit for the average consumer. It's extremely slow, expensive, unstable, unreliable, cumbersome, easy to steal, and user-unfriendly. Were it to be adopted on a really large scale, hypothetically speaking, the blockchain would reach a size of 100TB and beyond within days, making storage impossible. It's simply not scaled to handle actual real world use. It's scaled to be a small experiment among a couple hundred crypto geeks.
That's why we'll have to use more than one chain. The problem lies with the retarded notion of bitcoin for worlddomination and the idea of being the only coin. It can't be. We have to use more than one blockchain. That's why it is overvalued and alts are undervalued. This is going to be corrected this year. We come out with 10$ to 50$ bitcoin and some hefty gains in alts. It has already begun.