@Vivek4real_ I'm sorry Jack, the way it is now, it cannot "serve billions of people " as you say.
Upgrade the protocol, or study Nakamoto consensus on BlockDag infrastructure.
https://t.co/ygKwtjeEq2
@Vivek4real_ "the ability to take possession" is a trap
Only a few will have that
"Scarce" it really is, but that same scarcity running at 7 TPS will starve miners in less than a decade
Upgrade the protocol or study Nakamoto consensus generalisation through BlockDag
https://t.co/cNbaLLu3ty
@Justin_Bons Speed Methodology applied is simply wrong.
Most CEX's only let you spend your BTC after 4 blocks = 40 min.
Plus, theoretical TPS live in dreamland.
And, the only path to decentralization is POW.
@FinXRob The only way is if you:
a) get a part-time job
b) lower your monthly bills
c) prepare to live a quieter in between
d) do all the calculations, to predict when you'll likely get that money back
And live with it, knowing that if something happens, you'll likely ask yourself why
@FinXRob You know what, either way, you'll lose.
1) If nothing happens, and BTC rises, you'll crave bad habits in your brain, that no one will be able to convince you otherwise.
2) If something happens and you have to sell in loss, you'll lose cash, and likely ask yourself why.