Post
Topic
Board Legal
Re: Bitcoin longevity
by
1Referee
on 17/08/2018, 15:04:38 UTC
Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.

That may be true, but we can't really blame crypto for that. It wasn't supposed to grow this large this soon. The main thing here is that the bull run of last year exposed Bitcoin's and Ethereum's weaknesses as largest protocols.

It's safe to say that there is no way for them to scale within a reasonable period of time to meet user demand on the higher peak levels. On a more positive note; because of their limitations that have been exposed, we now at least have seen an acceleration in the development of scaling solutions, while without last year's bull run it could have taken a few more years to come to that same conclusion.

In other words, we have saved ourselves a couple of years of time that can now be spent figuring out other useful implementations and such.