- Jun 28, 2017
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The cryptocurrency that I think will nail it will be Telegram's attempt.Honestly at the rate of development in the cryptocurrency space, I wouldn't be surprised if a new digital/crypto currency overtakes both Bitcoin and Bitcoin Cash as the preferred payment method.
4gb? Damn, you got a $5mil node to run that network?Thats 100% nonsense.
Scaling using bigger blocks is a band-aid solution. It is simply not possible to get to say VISA level scale by just making blocks bigger. Eventually the blocks will simply take too long to propagate across the network. On top of that 10 minutes confirmation is too slow for commerce.
2nd layer solutions like Lightning network on the other hand CAN scale to the required level. I have seem it in action 1st hand and it takes about 2 seconds for a transaction to confirm. Cost under 20 cents (us) and likely to come down as the network grows.
I DO wish Bitcoin did in fact increase blocksize to at least 4gb in 2017 because:
1) Lightning is not live yet and the network is expensive and slow as sh*t.
2) Eventually they will have to do it anyway even with Lightning if it grows enough.
3) It caused unnecessary community split and some ugly hostility.
So I understand why Bitcoin cash was created - out of frustration with the state of the current network and the refusal of core devs to do what is needed now. Its just not a long term solution.
LOL I meant 4MB!4gb? Damn, you got a $5mil node to run that network?
Joking aside, rather optimise business use (segwit, batching) than allowing businesses/exchanges to spam the network. Once all of those methods are at a reasonable adoption level, then decide whether to increase block size.
You don't want to end up like ethereum.
Yeah, schitty headline makes him sound like he's just licked Roger Ver's balls.Ah he's actually talking about adoption as a payment method, not just the latest bubble speak of which will have the higher USD exchange value.
That's a much more interesting topic.