My thoughts on the future of bitcoin







Bitcoin was revolutionary. It taught us that decentralization is important and that we should separate money from state. But bitcoin itself will not be the one that takes it to the mainstream. This is why:

Community has been stuck solving a very basic issue for 2 years (whether or not to increase block size). Transactions are clogged and it's becoming more expensive to send money (will be solved if #1 is solved). A lot of use cases such as micopayments are no longer feasible. (It costs $1 to send a $1 transaction and it can take hours for it to reach the person!) Other currencies (such as Zcash, Monero and Ethereum) are much better transfers of money. (Monero and Zcash offer untraceability while Ethereum offers 15 second block times). Community will probably require a HF, which will create two bitcoins. People only seem to care about price increases and becoming a millionaire overnight









Please get rid of your bias to want to become a millionaire overnight and research what's going on.

I decided to keep this short to encourage that.