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RE: Can Bitcoin Scale on Today's Computers? Do We Need 2nd Layer Solutions to Compete with VISA?
Interesting points.
Firstly, I don't think either BTC or BCH will ever take the whole market. There will be a whole range of coins and tokens used for various transactions.
Second, I've heard @rogerkver say a few times that he is happy to support a second layer solution for BCH if and when it is ready. At the moment, lighting network looks like a great idea, but not ready for primetime
Thanks for the info and feedback.
Cool. So it isn't about never wanting an off-chain layer, but I suppose more just that he wants the built in TPS to be as high as possible.
Why do you think that?
Some people may want privacy, so if Bitcoin doesn't build a way to do that, then maybe Monero wins a little share.
But outside of that, transactions don't usually necessitate that the money has different properties. Whatever is the best way to pay for a tomato should usually be the best way to pay for a bicycle. So people should prefer whichever has the network effect.
It may take a while to settle and reach the long-term conclusion. And always someone somewhere will accept whatever. So technically I imagine you're right in the sense that it won't be 100%. But I think it becomes the brunt of it, over time.
[Meaning, as far as payment/transfer goes. Not disputing that Steem and other blockchains can succeed at doing things outside of payments.]
Great question, it's long to explain. Let me see if I can do a video as it will be quicker
Here you go
https://busy.org/@kabir88/1d600c80-8572-11e8-adb2-bf4283a63cb9
nice! I'm gonna give it a look.