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RE: Most Blockchains Will Be Heavily Used

in LeoFinance2 months ago

I have to disagree at least for the case of Bitcoin even if it becomes a world reserve currency for governments, the majority of use will have to be off-chain. It cost me over a dollar to send any amount of Bitcoins. Steem/Hive have proven themselves to be very efficient, but we have also seen too much transparency. There is a culture of always using the same keys and never changing them. Then there is a problem of theft via hard-fork, which I think is possible in Bitcon but its harder to target individuals when most utxos are not known to whom they belong.

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I am not sure how you arrived at those conclusions.

The article specifically talks about the other aspects aside from financial.

Posted Using LeoFinance Beta

This makes me smile. Good luck in forking Bitcoin!
I see BTC as gold 2.0, i.e. a store of value. And NOT at all as payment system
How many times per year you trade physical gold? 1? 2?
Personally to me BTC TX fees is not a problem. Even if it always will stay above 50 USD