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You're assuming no progress will be made in bitcoin scalibility in the near future, and comparing it to another technology stack that arguably hasn't seen any m
by drcode 13y ago
You're assuming no progress will be made in bitcoin scalibility in the near future, and comparing it to another technology stack that arguably hasn't seen any meaningful innovation in 40 years (since the advent of the debit/credit card.)
- nhaehnle 13y agoIf there really hasn't been any meaningful innovation in that other technology stack, then the situation looks actually looks worse for the long-term fate of Bitcoin, because it means that the other technology stack could easily improve given the incentive. That doesn't mean that Bitcoin will disappear or anything like that. It's just not going to become the prevalent unit of account as a currency.
- drcode 13y agoOh no question, MasterCard et al are going to change their tune greatly in the coming years due to this new competition, and we're all going to benefit from this.