Exactly. I mean wasn't the whole point of bitcoin to get rid of those money grabbing bankers. To be safer, faster and cheaper. The way it's going it will only be worse. At his point we are stuck with even wore people nobody knows who thy even are.
Once every week, month whatever they are able to get the fee price up and earn more in the process.
Once every week, month whatever they are able to get the fee price up and earn more in the process.
Yes but bitcoin as decentralized coin have its limits storage/network/cpu power. Its easy to call increase 1MB/2MB/3MB/100MB.
To increase BTC size to needed lvl of Visa we need datacenters.
Visa with 2000tx/s have is equal 1000MB blocks and 370 TB year
Do you really believe that full decentralized network can handle that ?
Where big blockers will stop at 1MB ? 2MB ? 20MB ? 200MB ?
This is dead end solution. To go over it you need to cut off blockchain technology from BTC and run something like decentralized speed-sheet with account values.
Those question are to easy but no matter what you want everywhere are problems.
People today hype ETH but in reality same problems with blocksize will go to them.
today so cheap ETH cost
0.05-0.1$ per tranfer... when BTC and ETH will have same market cap price will be THE SAMEif they lower it their clockchain will grow 10x faster.
And ETH apps will soon face... much HIGHER cost of running business yea.
And we are with ETH in same loop as BTC unless we get rid of blockchain