I'm all for cryptocurrencies but Bitcoin is not the answer as it doesn't scale properly. Back in 2009 smartphones with just 32 or 64GB internal memory plus centralized cloud storage wasn't a thing, back then most people used desktop PC's with traditional hard drives that still followed Moore's law.
By that logic the chain could theoretically grow as fast as the core team predicted. BCH on the other hand would grow even faster i people where actually using it, and current transaction fees are as high as $100. That's insane.
No we need other solutions. Such as:
Ethereum that has sharding, where each node only store a part of the chain
Monero, where block size is dynamic and balanced between fees and size
Nano, where each wallet tracks it's own transactions only
I'm sure there are more alternative solutions that allows each wallet to be a part of the decentralized network without causing insanely high transaction fees.
Also, we need trust less physical mediums of exchange, not cash but maybe gold and silver coins, heck why not even mix in other metals too and let the value match the value of the metal plus weight, that way it's hard to cheat and fake value, still possible but hard.
Nickel, copper or aluminum for change and small transactions, gold and silver coins for more expensive purchases. And crypto as digital alternative.
I'm all for cryptocurrencies but Bitcoin is not the answer as it doesn't scale properly. Back in 2009 smartphones with just 32 or 64GB internal memory plus centralized cloud storage wasn't a thing, back then most people used desktop PC's with traditional hard drives that still followed Moore's law.
By that logic the chain could theoretically grow as fast as the core team predicted. BCH on the other hand would grow even faster i people where actually using it, and current transaction fees are as high as $100. That's insane.
No we need other solutions. Such as:
I'm sure there are more alternative solutions that allows each wallet to be a part of the decentralized network without causing insanely high transaction fees.
Also, we need trust less physical mediums of exchange, not cash but maybe gold and silver coins, heck why not even mix in other metals too and let the value match the value of the metal plus weight, that way it's hard to cheat and fake value, still possible but hard.
Nickel, copper or aluminum for change and small transactions, gold and silver coins for more expensive purchases. And crypto as digital alternative.
The creator put gems, jewels and precious metals all over the world for us to use as money and people still want to make a system.
It absolutely scales properly. Just not instantly.