Post
Topic
Board Development & Technical Discussion
Re: What is this about a Nakamoto Bitcoin Upgrade
by
pooya87
on 30/08/2024, 11:26:59 UTC
Some of the reasons why Bitcoin have taken a back seat on serving as an actual currency aside from the fact that, there isn’t many merchants out there to accept it for a means of exchange is it’s scalability, given the fact that it’s highly volatile and takes some time for confirmation of transaction.
The only reason for bitcoin not being used as a currency as much as it was expected is the fact that its price keeps going up in the long run. People don't tend to spend something that is worth $15k in 2023 and $70k in 2024. It doesn't matter how scalable bitcoin is.

Quote
Now the question is:
Was this expected?
Is this how to solve the scalability of Bitcoin?
How is the creation of more and more hard fork helping Bitcoin?
Is this something Bitcoiners would like?
Considering the fact that you don't use Stacks to transact bitcoin, you use Stacks to create shittokens, I have to say no it is not the way to solve scalability.

It is not helping bitcoin either, because this is a separate network having its own separate protocol changing through a hard fork. And Bitcoiners don't usually like this sort of stuff (ie token platforms).