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2018 Clusterfuck Forecast
- Subject: 2018 Clusterfuck Forecast
- From: jamesd at echeque.com (jamesd at echeque.com)
- Date: Mon, 8 Jan 2018 10:11:30 +1000
- In-reply-to: <CAMyHXXd=5-kBOU3ZZK4Ue++t_GGB+W1kQZj_kdExn-LHGDe2cw@mail.gmail.com>
- References: <[email protected]> <CAMyHXXd=5-kBOU3ZZK4Ue++t_GGB+W1kQZj_kdExn-LHGDe2cw@mail.gmail.com>
On 1/8/2018 8:48 AM, Steven Schear wrote:
> In the medium-sized to long-term I've written off all crypto that serve
> no useful function except, perhaps, as "digital gold" for asset safety.
> Comparing BTC to national monies, how many would use a currency whose
> fee "friction" made it impractical to use except as a replacement for
> Wire transfers?
The intolerable fees reflect scaling limits. If scaling not fixed,
bitcoin will die. If scaling fixed, bitcoin will likely replace
national currencies.