...
Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at:
https://blockchain.info/new-transactions)
2. BTC down over $100 in one day.
I sure wish the Miner Wankers and the Developer Wankers would get together and SOLVE the scaling problem(s). Else they may damage the Bitcoin Ecosystem and discourage newbies from joining the community.
BTC to $5000 if/when they resolve all of this (credit to
jonald_fyookball for that prediction, and I would agree with that number).
Aside from these unconfirmed transactions, the once 130 sat/byte transaction that can give us an instant confirmation now needs to wait couples of hours before it gets its first confirmation.
It seems bitcoin, instead of evolving is devolving. But even if bitcoin shows this sign, I never lose faith in Bitcoin and its core developer. I still believe this scaling issue will be solved as time pass by
Sometimes you may have to make a step back to make a step ahead
Personally, I'd rather say that Bitcoin is neither evolving nor devolving, it is in fact stagnating. But since other currencies are moving ahead (at least, there is such an impression), it kinda looks like Bitcoin is devolving. Now to my point. Developers can actually do little toward acceptance of whatever they might be developing or improving. It is miners that have the final say. So if Bitcoin continues to stagnate, primarily due to miners' obstinacy and obsession with short-term profits, then Bitcoin may lose its appeal and, consequently, value as well as price, therefore, these obstinate and rogue miners will have to leave on their own (that's basically why there is no tomorrow for Bitcoin miners of today anyway). After that, Bitcoin may finally get a boost in its development no longer constrained by this generation of reactionary miners