You are viewing a single comment's thread from:
RE: What people are missing about the current bitcoin and cryptocurrency evolution
I have a question for you. Over the last two days we have seen not only a spike of bitcoin volatility (from 13,000 to 19,000 on some exchanges and stabilizing around 15500-16000) but also a rise in exchanges inability to maintain servers running. Do you think they will be able to scale to the demand?
I think that market cap will begin to spread out into the altcoins because of the scaling issues. Right now, Steem and Bitshares can do this without breaking a sweat and then EOS (all developed by Dan Larimer) will probably do very well next year. Bitcoin is waiting for off chain solutions such as Lightning Network and Schnorr signatures. Hopefully they will come online soon, but I suspect we could be waiting another year or so. I wrote about this quite a lot over the last couple of months on my blog.