Re: What if all nations of the world started to use bitcoin
This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.
I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin awayWell currently it's fair to say that but what if there's a solution for a possible change in block size which will be agreed by all ? That's why I hate conclusive statements because nobody knows tomorrow.
If you think the whole world will use it, I'm sure that they will try to catch up to to the furthest development for of the bitcoin project. People all over the world, programmers, developers etc will combine all knowledge to make an extraordinary update for bitcoin. Why would the whole world use a limited blockchain system?
