2018 Clusterfuck Forecast

jamesd at echeque.com jamesd at echeque.com
Sun Jan 7 16:11:30 PST 2018


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.


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