RE: Why is bitcoin better than fiat currency?: Your bitcoin 101
Hello Josh,
I agree with you that crypto currencies are here to stay. Note that I said crypto currencies, I am not 100% convinced that Bitcoin will be here in the long term as much as I love the idea of a continued growth of Bitcoin as a global currency. The Bitcoin community understands that Bitcoin as a technology needs to scale to remain viable as a currency. Amazingly though this same community which understands the need for Bitcoin to scale cannot seem to come to a consensus as to how it will scale. While the block size debate continues ; Bitcoin transaction times are taking longer, and the result is a gradual loss of market share. This is a trend which will continue if the scalability issues are not addressed. Andreas Antonopoulos has said on more than one occasion that Bitcoin must go into the mainstream if it is to survive. How can Bitcoin go mainstream when transaction times are taking 30 minutes ?