Quote from: 1Referee on January 05, 2018, 01:48:57 PM

Quote from: dragony on January 05, 2018, 11:05:54 AM

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.

I mean, when I got to crypto, Bitcoin was for $70 and we thought it's the next payment system. We were developing payment services and persuaded merchants to adopt Bitcoin. Now, it's just about money in Bitcoin. It's basically useless unless you count the brand. It's not digital gold if you can't sell it fast and cheap. It was meant to be money. A way how to take away the power from National banks and their inflation fiats. Why we need Segwit or LN or another layer on it. Just update the code so it could be used. I don't get it.