Bitcoin Apostle on Nostr: How is Bitcoin gonna be a medium of exchange with transaction speeds of 7 tps? Not ...
How is Bitcoin gonna be a medium of exchange with transaction speeds of 7 tps? Not starting shit, just want an open debate, honest answers.
Seems like big institutions are starting to understand BTC and now we have politicians starting to take notice. When we say get 25 percent adoption, 40 percent adoption. What happens when the chain becomes consistent congested.
Are they going to have the knowledge and patience to understand what’s going on or will they give up on BTC, thus damaging its long term reputation? One bad initial experience could have ripple effects where they tell their friends and family etc..
Bottom line does rapid adoption do more harm than good? Feels like we are about to find out. #Bitcoin
Published at
2024-07-20 13:49:23Event JSON
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"content": "How is Bitcoin gonna be a medium of exchange with transaction speeds of 7 tps? Not starting shit, just want an open debate, honest answers.\n\nSeems like big institutions are starting to understand BTC and now we have politicians starting to take notice. When we say get 25 percent adoption, 40 percent adoption. What happens when the chain becomes consistent congested. \n\nAre they going to have the knowledge and patience to understand what’s going on or will they give up on BTC, thus damaging its long term reputation? One bad initial experience could have ripple effects where they tell their friends and family etc..\n\nBottom line does rapid adoption do more harm than good? Feels like we are about to find out. #Bitcoin",
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