Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Robin,Hood
on 14/07/2018, 05:55:41 UTC


................BTC is really only meant to be used  as a store of value and to transact with large sums of value. So scaling is not necessary. The wealthy do not mind paying the high transaction fees to move large sums of value around. Also, according to his arguments, the wealthy elite don't want some platform that is going to constantly be changing. They would prefer something that is immutable and demonstrated to be secure. When changes are constantly introduced, it is possible to have some insecure vulnerability be introduced and have some black hat exploit it..................
Thats more or less how i see it. Do away with the banks but use preloaded visa, mastercard cards, topped up once a month or whenever desired from your own bitcoin bank. Use existing infrastructure and scaling issues done away with in in instant.
Most likely it will work out like this by default anyway as inflation intensifies and more people store wealth on deflationary bitcoin.