We all have heard that Bitcoin has a scaling issue, so therefore can't be widely adopted.
But what if those who say that, have not been looking at a very important part of what Bitcoin ACTUALLY is, and does...
Forget about the 'ledger' aspect, or the 'store of value'...we are going to be looking at...
#1. Scarcity.
21,000,000 Bitcoin will EVER exist.
This is 21 million, and there are 10 million Satoshi per Bitcoin.
Even though there are people who say Bitcoin can't scale, and there aren't enough to cover every aspect of everyday life for all humans, it doesn't need to for the fact that Bitcoin is currency that is divisible.
We can start paying for everything in sats alone, and still never use a full Bitcoin.
10 million sats SHOULD already be equal to 100 million dollars. Or 1BTC = 100 Million USD.
Purchasing 1 coffee would be 5 (.50?)sats, a sandwich would be 20 ($2.00) sats, a Lambo 50,000 ($500,000) sats...etc etc...
In other words, 1 Bitcoin would last a long time.
#2. PoW (Proof of Work).
It's secure enough to last a long time.
It already has survived some strenuous times, and with the 2022 nightmare, it's gotten even some critics to defend it.
Also, when more miners enter, the hash rate goes up, making it even harder for attacks.
Trying to scale Bitcoin could cause breaches in the security, and cause attackers to control it...
#3. Lightning Network.
A great, but not perfect, Layer 2 solution for Bitcoin transactions.
Yes, there are issues with the lightning network, and those will soon be solved, more than likely, but this is a fast, cheap, and power saving way to get Bitcoin moving.
Some will say, Ha! See lightning was needed because of the flaws of Bitcoin. No...
In reality, Bitcoin doesn't even need the lightning network to be the best. In my personal opinion, people today need instant gratification, and obviously need transactions fast for whatever reason, but building from Bitcoin out, we really don't need it.
Step back, and really look at it. Bitcoin doesn't need to change, it's us and our hyperactive lives that should be reviewed.
Sometimes WE stand in our own way, and don't even realize it.
Thanks for reading, and let me know your thoughts in the comments below...????
