-snip-
THEREFOR: We will hit the limit and have a network congestion failure. The price will crash. It is almost inevitable now. The only question is when. My best guess is two months.
THEREFOR we are fucked.
Hitting the cap and negating use cases for the network isn't a fireworks explosion, we've been over this. It's a slow bleed away of utility. Some "store of value because reasons people", some illicit commerce, some off chain speculation, will all still be around to a degree...
It may take years to fully squander the first mover advantage to other alternatives. Blockstream may hope that alternative is them, and they need Bitcoin to still function as a settlement layer...
See, it's not as bad as it
could be.
If you still have any concerns, please consult the
roadmap.
Moderators are standing by to assist you. The maximum cost of an altcoin to bootstrap a 7 Billion dollar market cap is 7 Billion dollars. That's peanuts to Wall Street and Silicone Valley and it likely won't take nearly that much. If First Mover advantage is lost, whether it takes years or months, it will be gone forever. Yeah, Bitcoin will still be around. Hell, MySpace is still around, but The escape route from Bankster tyranny will have been blocked.