MadMiner1340 on Nostr: Bitcoin's scalability has more to do with how our world evolves. As Bitcoin has a ...
Bitcoin's scalability has more to do with how our world evolves. As Bitcoin has a limited supply, its value tends to go up or remain stable, reducing the need for frequent transactions as the currency retains its value better than fiat.
At the same time, advancements like AI, 3D printing, and self-driving cars are making things cheaper and more efficient. This "technological deflation" means we might need to transact less often because things cost less to make and do. This naturally reduces the demand for transactions on the Bitcoin network.
So, even without major changes to Bitcoin's code, the network could scale just fine as societal needs shift. Rushing to change the fundamental aspects of Bitcoin could introduce risks without real benefits. It’s crucial to think carefully about any changes, making sure they're truly needed and widely supported to avoid splitting the community.
At the same time, advancements like AI, 3D printing, and self-driving cars are making things cheaper and more efficient. This "technological deflation" means we might need to transact less often because things cost less to make and do. This naturally reduces the demand for transactions on the Bitcoin network.
So, even without major changes to Bitcoin's code, the network could scale just fine as societal needs shift. Rushing to change the fundamental aspects of Bitcoin could introduce risks without real benefits. It’s crucial to think carefully about any changes, making sure they're truly needed and widely supported to avoid splitting the community.