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RE: Was the Launch of Steem a Scam or the Only Legal Way? - Thoughts on Steem by Charlie Shrem a Week Later
It's very big problem if Bitcoin wants to be cash that has large userbase. Currently it can't scale up and the development has been really, really slow. That's because it's too decentralized and can't do effectively any big decisions.
again, you're assuming the goal is scaling fast rather than being sound p2p cash.
when you scale fast, you sacrifice security. security is essential but comes at the cost of speed. so it's a constant tradeoff, and there's room for both approaches
@ntomaino since cash without a powerful network effect undermines itself, scaling up is a necessary part of becoming effective cash. Cash that I can't use to buy my groceries isn't cash.