Some weeks back, there was a buzz around the LN going to help the bitcoin network become more efficient, hence it would drive adoption. Still, not much has changed to the whole adoption puzzle, it seems we are really stuck with so many complexities.
LN isn't buzz. It has been developed for many years and tested even on mainnet, few services even already accept Bitcoin as payment through LN.
Lightning Spin and
BitrefillNew cryptocurrencies entering the market are offering lower entry barrier but only lack the popularity or dominance BTC has. I'm a superfan of bitcoin protocol but I still don't get why we can't have a tradeoff.
What do you mean by lower entry barrier? If you're talking about the ways to earn the cryptocurrency, surely Bitcoin have lower/easier entry barrier, excluding ICO/token/cryptocurrency which use airdrop.
BTC adoption (for mainstream merchants and highly sophisticated transactions) as against scalability.
And that's exactly why LN is developed, to increase adaption/usage while maintain scalability/decentralization.
It's not like everyone in the world owns gold, so why should BTC become a 'world-currency' either? The few people who can have it should cherish it and only use it for more exclusive financial functions.
Even if Bitcoin developer manage to overcome all scalability/decentralization problem, Bitcoin won't become world-currency because few reasons such as steep-curve learning to understand Bitcoin and legality problem.
I kinda have a feeling if I post this here, my head might get chewed off. However, Bitcoin adoption should be a hot topic as much as cryptocurrency adoption in general.
There's this adoption debate going on tomorrow (August 9, 2018), with Keith Wareing. And guess who's starring, Mcafee. Now I also get the feeling not too many people like this drama queen, but I'm pretty sure differing opinions about cryptocurrency adoption including that of Bitcoin will shed some light on the current situation of things, and most likely proffer a better solution to the decentralized community.
Here's a link to the intending debate:
https://twitter.com/ModernChain/status/1026201591194570752[img]https://i.imgur.com/AmZH5kx.jpg[img]
I just wish more veterans like Satoshi, Vitalik, Lee, Jed McCaleb, Chris Larsen and some others on the 4% BTC rich list will give a collaborative insight into why we haven't really hit mainstream yet - cutting through the BS. I'm only watching this show because of Craig, MFChain's CEO. Those guys may be up to something; oh well, so are the other 1600+ cryptos in the space.
While this show is meant for cryptocurrencies in general, I'd like to see one with Bitcoin at the center of discussion, if possible in series, seeing that it's the first decentralized cryptocurrency technology.
IMO they will repeat what other's already said in past.