Which comes first for #bitcoin, adoption or scaling?
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Replies (10)
Hopefully scaling
Thats my gut too, but I sometimes hear "we need to stress the network with adoption to prompt scaling" so I'm conflicted!
Scaling is only necessary with more adoption
Unless adoption is being held back by perceived lack of scaling?
IMO adoption does push need for scalability that would make easier bigger adoption further.. and so on.
I don’t think that’s an issue yet. Store of value is still the primary use case in my opinion….i don’t really get the scaling worry. For payments under $500 I don’t see the problem using fedimint which can scale just fine. $500-$50,000 use self custody lightning. On chain for anything above. Is it a perfect self sovereign solution? Maybe not but is pretty good. Beats the current payments world by miles.
I can't help but wonder if this chicken-and-the-egg problem prevents getting the ball rolling. Nobody wants to commit to adoption if they're not confident it will scale, and nobody wants to scale if there isn't adoption driving it.
I would not say nobody, I would more say many will wait to use until they will be confident it will scale, like many waited for ETF to be confident it will not die or censored by govt.
Only few will see it long term, and embrace the slow development, and they are the ones will obtain more value from it.
I like it! If it will work out that way. I just have trouble convincing myself it will. Chaumian ecash networks need to prove themselves imho,
I mean 'adopt' in terms of medium of exchange and 'nobody' in terms of merchants of goods. I've had btc since 2022. I bought a cordcard using btc. I've not had any other convenient opportunity to spend my btc.