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RE: There is Little Chance Bitcoins can Sustain any Real Recovery Until This Fundamental Metric Begins to Turn Upwards Again

in #bitcoins7 years ago

You do raise some concerning points, but I personally do believe in bitcoin. The lightning network can only help that is, if it does what it says it will do, as it will be a major improvement to the fundamental function to the bitcoin network layed on top of it. A true improvement can only raise confidence, thus, giving it some legitamacy, as it will get back to being closer to the vision of what bitcoin was supposed to be, a decentralized, damn near free method of payment. This should in theory increase user base, if you think about it

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What attracted most in the first place I believe was a search for a decentralized (not controlled by any one or entity), non-inflated, nearly free method of payment. Plus it would have stopped the scalability issue, which prevents the user base from growing actually without. So I agree that should in theory increase user base.