If bitcoin never scales:
1. The usage will definitely go down and other cryptocurrencies will take its position. So scaling is important for Bitcoins to move to a higher level in terms of technology.
2. With new crypto technologies/currencies launching every now and then, the bitcoin dominance (market share) will be expected to go down
3. However, Bitcoin is the father of all the currencies, It is known as digital gold. It can still be taken as a 'store of value'. We can still buy them and hoard them as digital gold as they do for physical gold or diamond.
4. It can be held as a precious thing, which can be passed through generations (hope this happens
5. Bitcoin has a first mover advantage, and all the other cryptos take learnings from it. So existence is supposed to be intact and should survive for years to come, even if the scaling does not happen.
1. The usage will definitely go down and other cryptocurrencies will take its position. So scaling is important for Bitcoins to move to a higher level in terms of technology.
2. With new crypto technologies/currencies launching every now and then, the bitcoin dominance (market share) will be expected to go down
3. However, Bitcoin is the father of all the currencies, It is known as digital gold. It can still be taken as a 'store of value'. We can still buy them and hoard them as digital gold as they do for physical gold or diamond.
4. It can be held as a precious thing, which can be passed through generations (hope this happens
5. Bitcoin has a first mover advantage, and all the other cryptos take learnings from it. So existence is supposed to be intact and should survive for years to come, even if the scaling does not happen.