As we are all aware, the 2x condition from the Segwit2x NY agreement has failed to be met. The Bitcoin blocksize will remain the same, and transactions per second will be stuck around 3. As a consequence, it is also very likely that we continue to see fees at levels only investment demand can shrug off. Use-cases and actual usage outside of exchanges are unlikely to accelerate going forward. Bitcoin’s utility is in peril, and these are likely the reasons why you desired the compromise to expand the blocksize in the first place.

Perhaps confirmation times or fees don’t matter to you and you have full faith that the Lightning Network will operate at a level that invites massive adoption; but if transaction times and fees do matter and you don’t want to put your full faith in a network that has yet to function, there is a version of Bitcoin that just might be right for you.

With it, your business and use-cases can rest easy knowing fees will remain minimal and capacity will increase as needed. This version of Bitcoin aims to serve as a non-discriminating, worldwide currency. It’s not aiming to only be a digital gold or cater only to wealthy individuals that can shrug off high fees. This version of Bitcoin aims to make the impact you likely envisioned when you were first introduced to Bitcoin. It aims to transform the financial world for the better and to serve anyone and everyone — from people in third world countries, to merchants everywhere, to the young, all the way up to grandma. This chain wants it all, and that includes you.

If you saw reason for the increase in blocksize aside from just making a compromise, know that this version of Bitcoin does exist, and it’s eager for you to use it. It would welcome you with open arms.

View original content here: medium.com

Bitcoin Optimist