Digital currencies are fundamentally changing the way we think about money and banking. The rapid rise of cryptocurrencies like Bitcoin, along with the
It did kindle. Major companies started accepting it. Then the blocksize wars happened, and the 1mb forever people won through massive censorship and deceit. Then companies stopped accepting it directly as a result of the problems a 1mb limit causes. Now it might never happen again for BTC. The war and the signs leading up to it though spawned other cryptocurrencies, so those might succeed where Bitcoin has failed. We’re still suffering from the damage caused though as companies that stopped accepting it are now skeptical of accepting anything else again.
1mb limit -> transaction backlog grows -> higher fees to get in next block -> transactions get delayed from fee volatility and having used the wrong fee which moments ago was the right fee -> now the heavily delayed transaction is the wrong amount due to price volatility and steam and the customer are fucked.
It kindled, and was in turn murdered as it had been intended to be used.
It did kindle. Major companies started accepting it. Then the blocksize wars happened, and the 1mb forever people won through massive censorship and deceit. Then companies stopped accepting it directly as a result of the problems a 1mb limit causes. Now it might never happen again for BTC. The war and the signs leading up to it though spawned other cryptocurrencies, so those might succeed where Bitcoin has failed. We’re still suffering from the damage caused though as companies that stopped accepting it are now skeptical of accepting anything else again.
Edit: This is steams post on the matter - https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613
1mb limit -> transaction backlog grows -> higher fees to get in next block -> transactions get delayed from fee volatility and having used the wrong fee which moments ago was the right fee -> now the heavily delayed transaction is the wrong amount due to price volatility and steam and the customer are fucked.
It kindled, and was in turn murdered as it had been intended to be used.