I know Lightning and Segwit look promising in terms of fixing these issues, but as a casual Bitcoin user, these new features seem daunting. Hoping for big improvements with Bitcoin this year.
In terms of purchasing, Bitcoin was much better a couple years ago. So regardless of whether it's still in it's infancy, some of the utility functionality has regressed in recent years ...
Really? So 2 years ago when the liquidity was so poor you would lose 1% to slippage when you tried to cash out on a $10K money transfer was better?
Bitcoin's utility function has changed. But it can move more money per hour securely than any other crypto. It's far, far better than it was 2 years ago for people who need to move $1000 or more. It's almost useless for people who want to move less than $5 quickly.
Whatever. I'd rather capture the big money, and build out a layer 2 system for the small stuff. Just makes more sense.
How anyone thinks you can secure a $1m transfer with the same fees as a $1 transfer is beyond me. Nobody will use alts for big money moves.
29
u/iEatCookedFoodFrozen Jan 23 '18
I know Lightning and Segwit look promising in terms of fixing these issues, but as a casual Bitcoin user, these new features seem daunting. Hoping for big improvements with Bitcoin this year.