The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.
People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.
Do you feel like discouraged about Bitcoin with this latest debacle?
I am not discouraged by bitcoin. Now that bitcoin transactions are no longer congested and the lightning network has solved the problem of congestion, the transaction cost of bitcoin has dropped a lot. This is helpful for the development of bitcoin. I will continue to hold my bitcoin, which has great potential for development.