Can't stop thinking about how much we need something like the thing that Bitcoin claims to be, but isn't (ie: it claims to be a digital, decentralized currency, but is not)
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The problem is Bitcoin doesn't scale. Like, at all. By design. It's a colossal failure of distributed systems design. Mining capacity is a *constant* - it doesn't matter how many or few miners you have (as long as you have some).
So people aren't competing for the limited capacity of miners, they're competing for the limited capacity of the *system as designed*. There is literally a fixed bound of *four transactions per second*. Globally. Forever. Doesn't matter how many gigawatts you pump into it.
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God
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Bitcoin Cash forked and increased that to... 8x. Yeah. Best fix ever. Though in the short term it's working; transaction fees there are palatable. For now. It's still utterly broken, of course.
End of conversation
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