Quote from: avikz on March 17, 2020, 07:34:42 PM

Quote from: ToothlessCoin on March 17, 2020, 06:07:36 PM

Quote from: CobraJ on March 17, 2020, 05:38:56 PM

Sacrifice scalability and make non-scalability an actual feature to keep BTC what it is: SoV which needs time to prove itself.
Need a MoE? Just use fiat or wechat money.

Can bitcoin continue its journey with non-scalability? that's a big concern. we need something that is fast and secure

That's a great question. I am sure a lot of other people are also concerned about this particular matter - scalability! A lot of people scream about the fees and the speed of bitcoin transaction and it's indeed an issue. Probably we are not facing the heat right at this moment but if bitcoin is adopted worldwide, transaction fees and speed will be a big issue. But we have a solution to it. Have you heard about Lightening Network?

If you haven't heard about it, I have a good resource for you to see,

https://www.binance.vision/blockchain/what-is-lightning-network

We currently have many options for LN enabled wallet and you can definitely try them. I promise, that once you use LN for your bitcoin transactions, your concerns about scalability will be gone forever!

Hope this helps!

The Lightning Network doesn't seem to solve the trilemma, though. While it solves the scalability issue more or less, decentralization suffers, and thus many people are against it. I am sure there are more reputable sources with the info, but here's a Medium article exploring the issue of centralization that comes to help with scalability. So basically, it seems that we trully cannot achieve all of it at once. Maybe it's not that it's in principle impossible, perhaps something smart can be figured out in the future.