/biz/ - Business & Finance

>>11626249
The scaling problem is a meme, Paypal does around 200 tx/s, Visa does less than 2000 on average, Bitcoin would not need to handle more than Paypal before at least another 5 years (that would be 32 MB blocks), by that time storage and speed will be cheap enough to move to even bigger blocks or adopt a mature offchain/sidechain solution.

If anything it's not the tech but the human factor that is limiting Bitcoin growth, the network is dividing itself into power hungry factions wanting to control the protocol for different motives (either political or financial or both), namely Blockstream, Bitmain, Ver and others.
It's almost like we are developing technologies we ironically are not mature enough as a species to manage.

The only real factor that is not making progress is the UX imo and that's what will hinder Bitcoin adoption.