Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitUsher
on 03/03/2016, 14:13:14 UTC


Which means you want to limit btc usage to important tx. Which means btc will never scale and will never be able to be used on an everyday basis.

Correct, We should limit on chain tx's ... this isn't a secret or anything to be ashamed about. The main chain necessarily needs to be treated as a settlement network for payment channels. Do the math yourself and see how far Bitcoin can scale simply by raising the blocksize and making small efficiency scaling improvements even if we assume a continuous 50% bandwidth improvement a year (unrealistic). We need to plan for success and realize the limits of this technology.