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This video: https://youtu.be/GtKhYx2Vlb4 https://youtu.be/GtKhYx2Vlb4 helps explain and address the thought process you're going through now. Bitcoin scaling is
by TimJRobinson 9y ago
This video: https://youtu.be/GtKhYx2Vlb4 https://youtu.be/GtKhYx2Vlb4 helps explain and address the thought process you're going through now. Bitcoin scaling issues are analogous to many internet technologies such as Ethernet. With Ethernet people initially thought there was no way it could scale to support the whole world because the tech just couldnt support anything more than 1mbps, yet people found a way. They built new technology on top of it, they changed packet routing algorithms and they even changed the underlying physical hardware used. The only thing that remains is the name and the brand, Bitcoin will probably go through a similar development process.
In upcoming Bitcoin technology, the lightning network is really exciting. It's a layer that runs on top of Bitcoin which allows thousands or possibly millions of transactions per second, performed instantly, with almost zero fees. It may have bottlenecks of its own, but I'm sure we can overcome them.