Post
Topic
Board Speculation
Re: 2018 predictions
by
1Referee
on 05/01/2018, 13:48:57 UTC
I know it's a hard topic, but I am in crypto for quite some time, but one thing bothers me with Bitcoin. It's slow and expensive to move it so I don't do it and rather use Ether. It's also not useful for everyday life when you want to pay for goods. What went wrong?

Nothing went wrong, really. It's just that the demand for blockspace has outperformed Bitcoin's current capabilities by a great magnitude. Segwit has been activated to give Bitcoin that extra push, and to buy time in the runup to Lightning Network, but it lacks serious adoption, which is a shame. Those who transact with Segwit, are enjoying lower transaction fees, but that only goes up for a far minority of the actual users here. If nothing changes in that regard, we just patiently have to wait for LN to make its public appearance. But hey, everyone is free to make use of an altcoin. It's an open market where no one forces you to stick with Bitcoin, which is a fantastic thing.