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> Afaik Ethereum is already processing double the transactions of Bitcoin I was talking just about Ether, what happens to time/fees if number of transactions g
by aquadrop 9y ago
> Afaik Ethereum is already processing double the transactions of Bitcoin
I was talking just about Ether, what happens to time/fees if number of transactions goes 1000x?
> The issue of Bitcoin is not the technical part; it's that no consensus can be reached between people on what is the right course of action, leading to multiple forks of the network
I don't think it's a problem of Bitcoin. It has its pros and cons, but it allows bitcoin evolve, assessing different approaches. It's like saying that main problem of open source projects is that they can be forked. Is it a problem or is it a feature?
- charlesdm 9y agoI don't disagree with that premise, but I do think it makes things overly complicated and confusing for people. It dilutes the Bitcoin brand. And crypto in itself isn't exactly the easiest topic to grasp. At this rate we'll have 10 forks with minor changes in 5 years, and that just isn't good. Some pragmatism in working towards a common goal should be expected. Unless people believe the current state of Bitcoin is good enough to be digital gold. It might very well be.