Post
Topic
Board Bitcoin Discussion
Re: Value vs. utility
by
mainpmf
on 12/01/2017, 13:51:18 UTC
Much of the debate surrounding bitcoin's scaling problem seems to stem from two different visions of what bitcoin should be right now: a store of value or a peer-to-peer digital cash system. Both sides agree that in the long run both of these properties should be met, but the question is: Will bitcoin hold value even if TX throughput does not scale soon or do we risk losing our first mover advantage if bitcoin is not able to fulfil its promises as a peer-to-peer cash system soon.

I would love to hear some arguments from both sides of this debate

As far as I understood it's not exactly the problem here.
The problem is to find a scalable solution. One which will work in the long run. Because incrasing blocks isn't a solution at all, it just erase the problem for a few months thats all!

I'm not a specialist, but it seems like LN and Segwit might get all of this straight. I just don't know why miners haven't accepted it yet.